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2024-03-31-accounts

Home-Start Richmond, Kingston & Hounslow Charity Number 1108975 Company Number 5386801

Report of the Trustees and Annual Financial Statements for the year ended 31 March 2024

Here for parents when they need us most because childhood can’t wait

Home-Start Richmond, Kingston & Hounslow

Legal & Administrative Information

Charity Name Home-Start Richmond, Kingston & Hounslow Charity Registration Number 1108975 Company Registration Number 5386801, company limited by guarantee Address Parkway House, Room 211, Sheen Lane, East Sheen, SW14 8LS Telephone, email and website T: 020 8487 8500 E: info@homestart-rkh.org.uk W: homestart-rkh.org.uk Governing Documents Memorandum and Articles of Association dated 8[th] July 2020 Objects 1. To safeguard, protect and preserve the good health, both mental and physical of children and parents of children 2. To prevent cruelty and maltreatment of children 3. To relieve sickness, poverty and need amongst children and parents of children 4. To promote the education of the public in better standard of childcare within the areas of the London Boroughs of Richmond upon Thames, Hounslow and the Royal Borough of Kingston upon Thames and their environs Trustees Alison Goodbrand (Chair) Nancy Jo Baldwin Ian Andrew Bellinger Rahel Biddle (Treasurer) Lonne Maree Cannon Brookes (appointed 24[th] January 2024) Laura Ferreira Anupa Damle Grant Helen Margaret Hodges Frances Houston Margaret Annette O’Connor Gina Vyvyan Roughan Miranda Jane Tottman Chief Executive Officer (CEO) Cristiana Camisotti Key Management Personnel The CEO is responsible for managing the charity on a day-to-day basis Bankers CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Independent Examiner Rebecca Tweed ACA, 5 Well Lane, East Sheen, SW14 7AJ

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Report of the Trustees for the year ended 31 March 2024

The trustees, who are also directors of the charity for the purpose of the Companies Act, present their annual report and the financial statements of the company for the year ended 31[st] March 2024. The trustees have adopted the provisions of the Statement of Recommended Practices (SORP) “Accounting and Reporting by Charities” in preparing the report and the financial statements.

About us

The first 1001 days of a child’s life are essential to their life-long development and our goal is to give every child the best start in life. Through one-to-one and group support in the home, in community spaces and online, we partner with families and help them to get the most from being parents. Each family’s situation and needs are unique and so is their Home-Start support, grounded in a nonjudgmental ethos that meets every family where they are. We support families to build attachment and confidence, create nurturing home environments and connect to their community. At the core of our charity is our network of 115 highly trained and experienced volunteers who provide lifechanging support to the families we serve: families with children under the age of five and mothers in the third trimester of pregnancy.

A statement from Alison Goodbrand, our Chair of Trustees

How do we know that the work of Home Start is making a difference? How can we be sure that our involvement is improving the lives of young families? These are key questions to ask as we review another year of support to the youngest children and their families in Richmond, Kingston, and Hounslow. The work of the family teams and the role of our volunteers in supporting families is the bedrock of our service. Everything we do in relation to fundraising, awareness raising and marketing is to enable us to work better and more effectively with the children and families that need us. So, these questions need to be at the front of mind as we look back on the year.

The answers are found in the information captured by our volunteers and coordinators showing the impact made when we are invited into the home of a family, when a family comes along to one of our groups or when we offer support in other ways. For example, the emotional health of the primary carer in the family improved for 89% of families visited by a volunteer, 84% of families were delivering more effective basic care, including hygiene, sleep, and nutrition and 75% of families attending the family groups saw their child’s confidence improve.

So, we can be confident that our work is changing lives for the better, but it doesn’t mean that we are complacent or believe that we can’t improve or work in different, more effective ways. There are many ways to support families and we are prepared to challenge ourselves and be open to new ideas to deliver a relevant and vibrant service. We continue to listen to the views of our families and other stakeholders and build on the growing body of evidence that shows the importance of early years and ways to ensure that the first 1001 days of a child’s life are as rich and rewarding as possible.

A huge thank you as always to our volunteers, staff, trustees and generous supporters. We could not do any of this vital work without you. With your help we will ensure that a child’s earliest years continue to be a priority and Home-Start will be here, providing life-changing support for parents, when they need us most.

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A snapshot of our achievements

Families

Volunteers

Funding & Operations

3

Structure and Governance

The charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.

The Board of Trustees ensures the charity operates in line with the objectives stated in the Memorandum and Articles of Association. Together with the charity’s CEO, the Board is responsible for setting the charity’s strategic direction.

The Board is reviewed regularly to ensure the diversity and skill mix is fit for purpose. As a family support charity, all trustees are required to undertake safeguarding training.

Trustees serve for a term of three years. After a term of three years, trustees can be re-elected for a maximum of two more terms. Any trustee reaching nine years of service is required to retire.

Prospective trustees are recruited through an advertisement followed by an application and interview with a minimum of two trustees. Trustees receive a comprehensive induction based on the Home-Start UK trustee induction framework.

Quality Assurance

As a member of the national Home-Start UK network, Home-Start Richmond, Kingston & Hounslow works to the Home-Start Quality Assurance (QA) framework, based on the Practical Quality Assurance System for Small Organisations (PQASSO) framework. In the latest quality assurance audit undertaken by Home-Start UK in 2019, a 99% performance rating was achieved: Demonstrating High Quality across all areas. As this report is being prepared a QA self-assessment process is underway, involving staff and trustees, with submission to HSUK on 31st May 2024.

Home-Start has clear, regularly reviewed and updated policies across all aspects of its operations including for example safeguarding, confidentiality and health and safety. Home-Start UK provides templates and updates for mandatory policies, which are reviewed and adopted at a local level.

Financial summary

The annual surplus of £144,679 (previous year £20,782) was a very strong performance in an uncertain fundraising environment. Our ability to deliver a strong financial result was due to our high-performing senior management team, a well-designed and executed fundraising strategy and tight control of expenses.

Total income received for the 12 months to 31st March 2024 was £647,139 (£157,240 more than the previous year). Funding received from Achieving for Children (on behalf of the London Borough of Richmond Upon Thames and The Royal Borough of Kingston Upon Thames), and the London Borough of Hounslow was a key source of funds, providing just under 50% of our income.

Total expenditure during the period was £502,460, increased by 7% from the previous year reflecting our investment in the staff team. Other expenses were very closely monitored, with indirect costs carefully controlled.

Reserves

Our reserves policy complies with the Accounting and Reporting Standards for charities set out in the Statement of Recommended Practice, SORP (FRS 102). The Board of Trustees has recently adopted a revised reserves policy that the unrestricted funds held by the charity should be equivalent to at least six but not more than nine months expenditure at the current average monthly

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rate. This is to reflect the uncertainty around a couple of our key, historic funding sources. Our reserves held at the year-end are within this policy.

Thank you to our funders and fundraisers

Thanks to the kind generosity and support of our funders, fundraisers and those who give their support in kind, we have been able to help hundreds of local families over the last year, providing a reliable, empathetic source of connection and understanding during what has been a difficult and challenging time for so many. A heartfelt thank you to everyone who has supported us over the last year and helped us to provide such vital support to families.

Achieving for Children • Barnes Fashion Show • Barnes Fund • Bellinger Donnay Charitable Trust • Champions Funds • Fullers • Garfield Weston Foundation • Goldman Sachs Gives • Greater London Authority • Hampton Fund • John Lewis Partnership • Kingston Charitable Foundation • London Borough of Hounslow • National Lottery Community Fund • Richmond May Ball • Richmond Parish Lands Charity • Royal Borough of Kingston • The Big Give • The Childhood Trust

Together with those organisations listed above, we are indebted to the many individual donors whose generosity and ongoing support through this year has been especially important in enabling us to respond quickly to families in need. Thank you.

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Independent Examiner’s Report to the Trustees of Home-Start Richmond, Kingston & Hounslow

I report to the trustees on my examination of the accounts of Home-Start Richmond, Kingston & Hounslow for the year ended 31[st] March 2024.

Responsibilities and basis of report

This report is made solely to the charity’s trustees who, as a body, are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants of Scotland (ICAS).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 13[th] June 2024

Rebecca J Tweed ACA

Institute of Chartered Accountants of Scotland (ICAS)

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Home-Start Richmond, Kingston & Hounslow

Statement of Financial Activities

For the year ended 31 March 2024

Note
Income from:
2
Donations
Charitable activities
Other trading activities
Investments
Total
Expenditure on:
3
Raising funds
Charitable activities
Governance costs
Total
Net income/(expenditure)
Transfers between funds
9
Net movement in funds
Balance of funds brought forward
Total funds carried forward
Year ended
31/03/2023
Unrestricted
funds
Restricted
funds
Total funds
Prior year
funds
£
£
£
£
35,901
580
36,481
40,415
0
455,432
455,432
331,803
140,813
0
140,813
114,455
14,414
0
14,414
3,225
191,128
456,012
647,139
489,899
101,575
0
101,575
80,361
21,923
376,594
398,517
388,569
2,368
0
2,368
186
125,866
376,594
502,460
469,116
65,262
79,418
144,679
20,782
0
0
0
0
65,262
79,418
144,679
20,782
339,758
47,119
386,877
366,094
405,020
126,537
531,556
386,876
Year ended 31 March 2024

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Home-Start Richmond, Kingston & Hounslow

Balance Sheet

As at 31 March 2024

Note 2024 2023
£ £ £ £
Fixed Assets
Tangible fixed assets 4 1,657 4,391
Current Assets
Cash at bank and at hand 5 590,924 436,209
Prepayments 12,190 1,507
Debtors 6 21,315 2,717
Total Current Assets 624,429 440,433
Creditors: amounts falling
due within one year 7 5,000 5,759
Income received in advance 8 89,530 52,189
94,530 57,948
Net Current Assets 529,899 382,486
Total Net Assets 531,556 386,877
Funds of the Charity 9
Unrestricted Reserves 405,020 339,758
Restricted Reserves 126,537 47,119
531,556 386,877

For the year ending 31/3/2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

They were approved by the Trustees on 3rd July 2024 and signed on their behalf by:

Rahel Biddle - Treasurer

Company Number: 5386801

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Home-Start Richmond, Kingston & Hounslow

Notes to the Financial Statements

For the year ended 31 March 2024

______________

Statutory information

Home-Start Richmond, Kingston & Hounslow is a charitable company and is incorporated in England & Wales. The charity is limited by guarantee and has no share capital. The registered office is Parkway House, Room 211, Sheen Lane, East Sheen, SW14 8LS.

Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102), effective 1 January 2019) and the Companies Act 2006.

Going concern

The Trustees believe that the Charity is a going concern in accordance with Charities SORP (FRS 102), effective 1st January 2019.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Tangible fixed assets

Depreciation is charged on a straight-line basis method over the estimated useful life of the asset. The depreciation rates in use are as follows: - office equipment 25% and computer equipment 33%.

Small capital items (cost of under £500 each) are written off in the year of purchase.

2 Income

Unrestricted
Charitable Activities
£
Grants and Contract Income
Achieving For Children - Family Support Services
Barnes Fund
DWP - Access to Work
Garfield Weston Foundation
Greater London Authority - Mayors Skills Grant
Hampton Fund
Home-Start UK: Empowering Women Grant
Kingston Charitable Foundation
London Borough of Hounslow - Borough Based Partnerships
London Borough of Hounslow - Early Years
London Borough of Hounslow - Family Hubs Perinatal Peer Support
London Borough of Hounslow - MINT
London Borough of Hounslow - Thriving Communities
National Lottery Community Fund
Richmond Parish Lands Charity
Royal Borough of Kingston - Community Resilience Fund
-
Restricted
£
180,000
3,500
20,000
26,985
35,500
1,750
11,066
60,000
34,944
12,000
16,115
10,000
38,500
5,072
455,432
2024
2023
£
£
180,000
180,000
3,500
-
-
366
20,000
-
26,985
-
35,500
35,000
-
4,779
1,750
970
11,066
3,689
60,000
60,000
34,944
-
12,000
12,000
16,115
-
10,000
-
38,500
35,000
5,072
-
455,432
331,803

10

Donations
Barnes Charity Fashion Show
Featherstone Leigh Estate Agents
Ham Open Gardens
John Lewis Partnership/Waitrose
Kew Midsummer Fete
Teddington & The Hamptons Rotary
Other donations
Gift Aid refunded
Other trading activities
Fundraising and events
Investment Income
Bank interest
Total Income
3 Expenditure
Raising Funds
Staff & personnel costs
Publicity
Events & expenses
Charitable Activities
Staff & personnel costs
Volunteer training & support
Direct grants to families
Direct support to families and family events
Office costs
Premises costs
Affliations and fees
Governance costs
Management committee expenses
Other
Total Expenditure
a Staff Costs
Included within expenditure are the following staff c
Wages & salaries
Employer's national insurance
Employment allowance
Pension contributions
Consultants
Of which the following staff costs including pension
contributions and employer's national insurance
were in respect of key management personnel
Unrestricted
£
3,400
2,200
21,096
9,205
35,901
140,813
14,414
191,128
Unrestricted
£
99,631
250
1,694
101,575
Unrestricted
£
21,923
21,923
Unrestricted
£
1,597
771
2,368
125,866
osts:
Unrestricted
£
91,070
7,038
(1,202)
6,297
16,400
119,603
20,478
Restricted
£
580
580
-
456,012
Restricted
£
-
Restricted
£
322,094
2,270
2,390
1,068
14,116
20,838
13,818
376,594
Restricted
£
-
376,594
Restricted
£
269,262
22,234
(3,798)
19,227
8,200
315,125
30,717
2024
£
3,400
-
-
2,200
-
-
21,676
9,205
36,481
140,813
14,414
647,139
2024
£
99,631
250
1,694
101,575
2024
£
344,017
2,270
2,390
1,068
14,116
20,838
13,818
398,517
2024
£
1,597
771
2,368
502,460
2024
£
360,332
29,272
(5,000)
25,524
24,600
434,728
51,195
2023
£
3,500
675
6,000
334
1,094
500
19,162
9,150
40,415
114,455
3,225
489,899
2023
£
68,400
280
11,681
80,361
2023
£
338,615
2,539
1,815
1,980
14,609
21,548
7,463
388,569
2023
£
95
91
186
469,116
2023
£
348,510
27,384
(5,000)
24,985
6,360
402,239
46,771

3a Staff Costs

No employees received emoluments in excess of £60,000 in the current or the previous financial year.

The average number of employees of the Charity in the year was 16.2, or 10.2 full-time equivalent (FTE). In 2023, it was 17.4 staff and 10.5 FTE.

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3b Direct grants to families

Included within expenditure are the following direct grants to families that were distributed as goods, supermarket vouchers or payments made directly to the family's utility provider:

Funds received from: Grants
made £
Isleworth & Hounslow Charity 350
Kingston Charitable Foundation 1,750
Surbiton Rotary 230
The Richmond Charities(prioryear funding) 60
2,390

Grants were made to 4 families at an average of £598 per family. Support costs allocated to grant making activities were not material as grants were made to families already in receipt of our support.

4 Fixed Assets
Office
Equipment
£
Cost
At 1 April 2023
8,045
Additions
1,898
Disposals
-
At 31 March 2024
9,943
Depreciation
At 1 April 2023
7,574
Charge
712
Disposals
At 31 March 2024
8,286
Net Book Value
At 31 March 2024
1,657
As at 31 March 2023
471
5 Cash at bank and in hand
2024
£
Bank accounts
590,924
Petty cash
-
590,924
6 Debtors
2024
£
HMRC Gift Aid
3,483
Accrued income
16,832
Sundry debtors
1,000
21,315
7 Creditors: amounts falling due for payment within one year
2024
£
Trade creditors
-
Other
5,000
Total
5,000
Computers
Total
£
£
21,370
29,415
-
1,898
-
-
21,370
31,313
17,450
25,024
3,920
4,632
-
21,370
29,656
(0)
1,657
3,920
4,391
2023
£
436,148
61
436,209
2023
£
1,717
-
1,000
2,717
2023
£
-
5,759
5,759

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8 Income received in advance

Funding received during the current period relating to the following year

Bellinger Donnay Charitable Trust
Hampton Fund
London Borough of Hounslow
National Lottery Community Fund
Richmond Parish Lands Charity
Royal Borough of Kingston
2024
2023
£
£
5,000
-
18,750
-
11,510
3,689
-
10,000
39,270
38,500
15,000
-
89,530
52,189

9 Movement in funds

Restricted funds
Home visiting and family support
Unrestricted funds
General fund
Total
As at 31
March 2023
Income
Expenditure
Transfers
As at 31
March 2024
£
£
£
£
£
47,119
456,012
(376,594)
126,537
47,119
456,012
(376,594)
0
126,537
339,758
191,128
(125,866)
405,020
386,877
647,139
(502,460)
0
531,556

10 Description of funds

Home Visiting and Family Support - Funds received to further the core purpose of Home-Start Richmond, Kingston & Hounslow which is to provide a network of trained home visiting volunteers, who together with expert staff, support families with children under five years old who are experiencing challenging times.

11 Trustee remuneration and related party transactions

The expenses of the trustees amounting to £79 (2023: £95) in relation to costs incurred in fulfilling their duties, including for training, travel and subsistence, accommodation, equipment and other expenses were met during the year.

During the year, donations were received from trustees, key management personnel and related parties, totalling £400 (2023: £7,495). No restrictions or conditions were attached to any of these donations.

£8,818 (2023: £7,092) was paid to Home-Start UK to cover the annual membership levy for centralised services provided, such as branding, policy guidance and legal services.

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