REGISTERED COMPANY NUMBER: 5414484 (England and Wales) REGISTERED CHARITY NUMBER: 1109262 **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2022 FOR HOME-START CENTRAL BEDFORDSHIRE** 1 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The accounts have been prepared in accordance with the recommendations of the Statement of Recommended Practice (FRS 102). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Home-Start Central Bedfordshire (HSCB) offers support, friendship and practical help to parents and children. To help give children the best possible start in life, HSCB supports parents as they grow in confidence, strengthen their relationships with their children and widen their links with the local community. The objects for which Home-Start Central Bedfordshire was established are: - to safeguard, protect and preserve the good health, both mental and physical of children and parents of children - to prevent cruelty to or maltreatment of children - to relieve sickness, poverty and need amongst children and parents of children - to promote the education of the public in better standards of childcare within the areas of Bedfordshire, Luton and Milton Keynes. In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit. ## **Charitable activities** HSCB offers a unique service, recruiting and training volunteers - who are usually parents themselves —to visit families at home to offer informal, friendly and confidential support. In addition to our family support work we also work to reduce the impact of domestic abuse through preventative education and through providing one to one support and group work for survivors of domestic abuse. ## **ACHIEVEMENT AND PERFORMANCE** ## **Family Support Service** We support parents as they learn to cope, improve their confidence and build better lives for their children. The benefits of our support include improved health and well being and better family relationships. HSCB recruits, trains and manages volunteers with parenting experience to support vulnerable families. After attending an initial twenty four hour Preparation Course Home- Start volunteers are carefully matched with a family, and visit for a period of time with a planned set of outcomes to work towards. We provide early help support to families but also work with families where children are “child in need” or on a child protection plan. 2 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ We work in partnership with a number of other agencies and receive referrals from other professionals such as Health Visitors, Social Care, Children’s Centres and schools. A volunteer is carefully matched with the family giving regard to such matters as their own skills, experience and availability. They will visit the family in their home for two to three hours each week. The type of support depends on the family’s needs. This could be: - Emotional support to help parents find ways to manage and resolve problems - Listening visits for parents with mental ill health - Encouragement and support to attend Children’s Centres and local resources - Assistance with attending medical appointments - Advocacy - Assistance and mentoring with managing children’s behaviour - Modelling good parenting - Embedding parenting strategies e.g after attending parenting programmes - Assistance and mentoring with developing household routines - Assistance and mentoring with cleaning and decluttering the house - Help with budgeting, nutrition and meal planning, cooking and making the home safe - Translation services on an informal basis - School readiness - Support both in and after leaving Refuge for parents and children who have fled domestic abuse As a non-statutory organization many families find being supported by a parent volunteer less threatening and stigmatizing. Research has shown that our support increases parental confidence in bringing up children, enables families to access local services, reduces isolation for parents and children and generally increases resilience in families making a lasting impact. ## **Home-Visiting Support** The pandemic persisted in making home visiting difficult during the year, particularly in the winter, due to government advice, the rapid spread of the virus and concern from both families and volunteers around visiting at home. Phone and online support continued to be given and home visiting was restarted where both families and volunteers were happy to do this and subject to health and safety measures. Consequently referrals in were fewer than pre-pandemic. ## **At 31[st] March 2022:** 138 **Central Bedfordshire** families were referred for home visiting or phone support. 3 ## **HOME-START CENTRAL BEDFORDSHIRE** ## **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ 50 families had volunteer support 53 families received office support 35 were waiting to be matched ## **47 families from Luton were referred for support At 31[st] March 2022** 18 families had volunteer support 20 families received office support 9 were waiting to be matched We were grateful that BBC Children in Need agreed to carry over an underspend which has allowed us to continue to run the Luton project to the end of the financial year. Funding from a grant from John Lewis and Partners will enable us to proceed for a further six months. **The SEND Parent Mentor project** began in September 2020 as a small 18 month pilot project funded by Central Beds Council. Parents of children with Special Educational Needs and Disabilities received an average of 6 weeks support by trained volunteers who were also parents of SEND children, with the objectives of offering emotional support and practical help and knowledge around the pathways and services available. Over the year the project continued to grow in popularity and the waiting list was large and waiting times therefore long. ## **On 31[st] March 2022 128 families were referred for support** 45 families were waiting for support 58 families had received volunteer support 25 had received office support We have a robust monitoring and evaluation system based on the Outcomes Star which tracks each family’s journey of change to ensure that the support given is sufficient and correct. The type of support given may change at review. This year the main reasons for wanting support continued to be coping with feeling isolated, coping with mental ill health (child and parents) and managing children’s behaviour. The five parameters tracked were parent’s health and well-being, children’s health and wellbeing, more confident and positive parenting and improvements in the family home. ## **Domestic Abuse Services** ## **The Need** It is estimated that one in four women and one in six men will experience domestic abuse at some point in their lifetime. This may include years of psychological abuse. Children are often the silent victims of domestic abuse. In homes where domestic violence occurs, 90% of children are in the same or next room during an incident. 4 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ _A further 62% of children living with domestic abuse are directly harmed by the perpetrator of the abuse, in addition to the harm caused by witnessing the abuse of others. In Central Bedfordshire alone, in 2015 there were 3,238 police incidents of domestic abuse recorded - over eight incidents reported per day. An estimated 350 children live with high risk domestic abuse and a further 300 living with medium risk abuse that are currently visible to services._ “Central Bedfordshire Council Domestic Abuse Strategy 2016-20 ## **Our response** Alongside our home visiting service for women and their children in Refuge and after leaving Refuge we also were part of a consortium with other domestic abuse services in the Bedfordshire area to deliver services for victims across the area. The project was called Safety Net. Our part in this was to deliver the **Own My Life course** (funded by the Office of the Police and Crime Commissioner). This project ceased in March 2022 but we are continuing to run Own My Life funded from reserves. ## **Own My Life** Own My Life is a ten week programme. The purpose of the course is to educate and empower women who have been subject to domestic abuse to regain ownership of their own lives. We continued to run the course online, both during the day and in an evening which made it more accessible to women from all around the county, including those who were working during the day or looking after children. We ran five Own My Life courses between April 2021 and March 2022. 91 women were referred into the course. **43 women** attended Own My Life. The women were parents to 76 children. Significant increases in emotional and physical health were reported. ## **Helping Hands** Helping Hands is a six week course developed by Women’s Aid for children aged between 7 and 11. The objectives of the course are for children - to understand their right to a safe home environment, - develop resilience and good self esteem, - to realise how their behaviour affects others and - to learn to manage strong feelings without violence and gain a knowledge of non violent problem solving skills. We were really pleased to be able to restart running Helping Hands as schools began to let people in from outside. We are thankful to the Rotary Club of Sandy who have funded four programmes to be run in Sandy Primary schools. The schools choose the children they think would benefit the most from the programme. This has included children who have experienced domestic abuse at home, children who are living in difficult situations as well as children who have low self esteem and confidence or struggle to manage their emotions. 5 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ **12 children** took part in the Helping Hands programme. ## **Mental Ill Health Services** A significant number of our referrals continued to be for families affected by mental ill health. Not surprisingly the pandemic caused levels of anxiety to increase for many families. For some parents having the regular weekly call or visit from a volunteer to provide emotional support and to listen made a real difference. Some volunteers also helped with home schooling activities using the internet or sending ideas of activities for families to do together particularly during the periods of lockdown. **Brighter Start Group** for women with post natal depression and anxiety As we were not able to deliver a face to face Brighter Start group this continued to be held online. The women were able to talk through issues and concerns and to gain support and friendship from each other. **6** women attended the group over the year. (11 children in the family). It was decided that the group would end in September due to staffing capacity and because there were alternative groups now available. The women could stay in touch and meet as friends or could attend the Revive groups that were now being held at the Children’s Centres. ## **Empowering Parents, Empowering Communities** Over the year we continued to deliver the Empowering Parents Empowering Communities programme (EPEC)on behalf of Central Bedfordshire Council. (EPEC) is a programme from the Centre for Parent and Child Support, South London and Maudsley NHS Foundation Trust. EPEC parenting courses are led by local parent facilitators who have completed accredited EPEC training and receive ongoing training, supervision and support to ensure safe, high quality, and effective practice. Parents attend eight weekly two-hour sessions. During these sessions, parents learn strategies for improving the quality of their interactions with their child, reducing negative child behaviour and increasing their efficacy and confidence in parenting. The sessions involve group discussions, demonstrations, role play and homework assignments. EPEC is underpinned by rigorous research and practice evidence showing a significant impact on children’s social, emotional and behavioural outcomes, parenting, family resilience and social capital. The programme encourages engagement in other local services and wider community resources. EPEC has been independently rated as an effective, low cost parenting programme (EiF, 2016, AIFS, 2015). ## **Impact** - Improved parenting and family resilience through teaching well-evidenced parenting strategies and methods. 6 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ - Greater understanding of managing family stress. - Increased social capital and employability through training parent group facilitators. We have continued to deliver both the Being a Parent and Being a Parent of a Child with Autism programmes online as parents expressed that this made it more accessible. As Central Bedfordshire is a large area it is difficult to find a convenient place to run a face to face group. The Autism course has proved to be particularly popular. Using an online evening delivery as well as daytime has also meant that more parents are able to attend without the need for childcare. We also ran another Group Facilitator training course and trained a further **6 parents** to facilitate the EPEC programmes. |Numberparents attendingBeinga Parent|22| |---|---| |Number of parents attending Being a Parent of a
Child with Autism|88| |**TOTAL**|**110**| ## **Focus Group Facilitation** We were asked by Central Bedfordshire Council to run seven Focus Groups as part of their consultation process for the new Family Hubs model. 52 parents took part in these. We trained up a further four volunteers to join our Focus Group team to facilitate the groups. ## **Financial Help for Families** We were really pleased to be the delivery partner for Bedfordshire and Luton Community Foundation Winter Hardship appeal again and gave out £4500 in grants to families to help with fuel bills and warm clothing and bedding. We were also thankful for vouchers from John Lewis and Waitrose to buy goods such as food and children’s mattresses and beds. In addition two families were the recipient of a Magical Christmas donated by John Lewis which was much appreciated. ## **Volunteers** This year has been another difficult year for everybody as a result of the ongoing pandemic and we are therefore very grateful for the selflessness of our volunteers who have given them time and energy to help others. Some volunteers have had to rest from their role over the year though due to other responsibilities or were unwell themselves. Others were less comfortable giving phone support and preferred to wait until we are able to return to home visiting. ## **Volunteer training** Volunteers are at the very heart of our service delivery. We ran a further 3 Preparation (induction) Courses, one online and two in person. This year a further **34** volunteers joined our team. 7 **HOME-START CENTRAL BEDFORDSHIRE** ## **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ |No of volunteers in Central Beds|69| |---|---| |No of volunteers in Luton|23| |No of SEND volunteers|15| |No of EPEC volunteers|12| |Own MyLife volunteer|1| |**TOTAL**|**120**| Our volunteers come from a wide range of social, educational and employment backgrounds. They are also from different age groups and cultures. Many use volunteering as a way into work or education particularly in the fields of social care, nursing and midwifery. Our volunteers attend a 24 hour Preparation Course before being placed with families which includes training on safeguarding, domestic abuse, confidentiality and equal opportunities and also attend a mandatory yearly safeguarding update and ongoing training. They complete diary sheets after each visit and have 6-8 weekly supervision with a paid Coordinator. There are regular ongoing training sessions throughout the year both in house and also from outside speakers. ## **Training** We continue to offer ongoing training to our volunteers. This year we have held a number of online sessions including Suicide Awareness and Coercive Control and Domestic Abuse. ## **Our thanks to our volunteers without whom there would be no Home-Start.** ## **FINANCIAL REVIEW** ## **Financial Review** We have been able to maintain funding from contracts and grants to continue our main projects but will need to consider funding for the Luton project moving forward and whether home visiting is the best way of supporting Luton families. Own My Life funding from the OPCC has now come to an end so we are pleased that we have enough reserves to be able to continue with this. We are very thankful for the kindness of individuals, businesses in sending us donations which will enable us to continue with projects that are now not funded by grantmakers and to consider alternative ways of supporting families as well as offering financial aid in the form of goods, clothes and food vouchers. We were particularly grateful to be the chosen charity for both the Mayor of Dunstable Cllr. Martin and the Mayor of Leighton Buzzard Cllr. Kharawala. Their hard work through holding a number of fundraising events resulted in significant donations to our charity which will be used in the support of families. ## **Reserves policy** The Trustees have considered the likely risks to the charity over the year and have designated reserves of £250,000 as last year in order that the charity may be able to continue to operate or to wind down if appropriate. These include twelve months operating expenditure, pension fund 8 **HOME-START CENTRAL BEDFORDSHIRE** **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ deficit on closure, redundancy payments, equipment replacement and rent and relocation costs if it was necessary to move our premises. ## **Plans for the future** We are fortunate to keep our core funding for the coming year from the Central Bedfordshire Council. They have also continued the funding for EPEC. We continue to seek other sources of income to improve the sustainability of our funding and to finance new projects to meet the needs identified in the community. With the likelihood of a financial depression in the future there is uncertainty as to the impact this will have on our funding and the way we can continue our work. We are fortunate in having sufficient reserves to help us through this difficult time. We are investing money into an improvement of our systems to enable us to be more efficient and ensure the effective stewardship of our volunteers, donors and service users. This should also have a positive effect on our long term sustainability. The work of HSCB would not be possible without the generous support of organisations, trusts and individuals in giving grants, money, quilts, toys and necessary items for our families in need to whom we are very grateful. A special thank you to our wonderful volunteers who donated both time and expenses. ## **Future Plans and Risks** Our main risk is from the effects of the COVID-19 pandemic and the rise in the cost of living due to the pandemic and the war in Ukraine. As yet the long term financial impact for us as a charity is unknown. Global problems and wars have led to an increase in the cost of living and an influx of refugees. We will continue to work with other agencies to find ways of helping families affected as we move forward. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT REFERENCE AND ADMINISTRATIVE DETAILS** ## **Structure and Governance** HSCB is a company limited by guarantee governed by its Memorandum and Articles of Association dated 5[th] April 2005 (amended 9 June 2015). Including the activities of its predecessor organisation HSBC has been delivering family support services since its launch in 1984. The members of the Board of Trustees of the Charity during the year ended 31[st] March 2022 were: Sue Fuchter Chair Enid Miller Treasurer Alison Kelly Patricia Marchbank Alison Packer 9 **HOME-START CENTRAL BEDFORDSHIRE** ## **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ Peter Raza Nigel Taylor All of the Trustees of the Charity are also directors of the charity and their responsibilities include all the responsibilities of directors under the Companies Acts and of Trustees under the Charities Act. Day to day management of the charity is delegated to the Chief Executive Linda Johnson ## **Company Secretary** Linda Johnson ## **Staff during the year ending March 2022** ## **Staff** ## **Role** ## **Additional responsibilities** Linda Johnson Chief Executive Own My Life /Brighter Start Janine Henderson Coordinator Luton Coordinator South Beds Clare Diggins Coordinator Mid Beds Own My Life Colette Fletcher EPEC Coordinator South Beds Margaret McShane Administrator ## **Reference and Administrative details** ## **Registered Company Number:** 5414484 (Registered in England and Wales) ## **Registered Charity Number** 1109262 **Registered Office** The Annexe, Downside Neighbourhood Centre, Oakwood Ave., Dunstable LU5 4AS ## **Independent Examiner** BW Wilson Chartered Accountant 4 Saturn Close Leighton Buzzard LU7 3UU ## **Bankers** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Cambridge and Counties Bank Charnwood Court New Walk 10 **HOME-START CENTRAL BEDFORDSHIRE** ## **REPORT OF THE TRUSTEES For the Year Ended 31 March 2022** ________________________________________________________________________________________________ West Malling Kent ME19 4JQ Shawbrook Bank Ltd. Lutea House Warley Hill Business Park The Drive Great Warley Brentwood Essex CM13 3BE Leicester LE1 6TE Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW Hampshire Trust Bank 55 Bishopsgate London EC2N 3AS 11 A company limited by guarantee Company Registration Number.. 05414484 Re8LStered Chatity Number.. 1109262 HOME-START CEf4TRAL BEDFORDSHIRE Report of the Trustees #nd Unaudited Financial Statements Year Ended 31 March 2022 HOME-START CENTRAL BEDFORDSHIRE (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS Year etlded 31 March 2022 CONTENTS Page Trustees. report Ind¢pendent examiner's report Statement of fuwlcial adivities Balance sheet Notes to the financial statetnents FIOMf.-%TART CENTRAL BEDFORDSHIRE (A colnpany lÈTnited by guarantee) TRUSTEES, REPORT Year ended 31 Marth 2022 Relerence 8J]d administrative details Tlie irusiees of Home-start Central Bedfordshire preseni their report and financial sta￿ll)ents for the year ended 31 March 2022. The accounts have been prep￿ in aCcorda￿Ce with the recommendations of the Statement of Recommended Practice 2005-Accounting and Reporting by Charities {SORP 2(X)S) and in tteeordanee wiLh applicable laws. Officers and professioJJAI advisers Trustees serving during the year since the yexr end were as follows Mrs S E Fuchter Mrs A Kelly (resigned 15107f20221 Mrs P A Marchbank Mrs E M Miller Mrs A M Packer Mr P Ra7A Mr N C Taylor (appointed 2111012021) Seeretary and administration Mrs L Johnson The Annexe Downside Neighbourhood Centre Dunstable LU5 4AS Bankers CAF Bank Lirnited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Cambridge & Counties Bank Chamwood Court New Walk LEI 6TE Hampshire Trust BaDk 55 Bishopsgate London EC2N 3AS Nationwide Butlding Society One I'hreadne¢dle Street London EC2R 8AW Shawbrook Bank Lutea House Warley Hill Business Park The Drive, Great Warley Brenrwood CM13 3BE. Redwood Ba5Jk The Nexus Build7rtg Broadway Letchwortb Garden City SG6 3TA Illdependetlt exatniner B W Wilson Accountant 4 Satyjm Close Leightoo Buz7ard LU7 3UU HOME-START CENTRAL BEDFORDSHIRE (A comp#n}' limited by guarantee) TRUSTEEI S, REPORT (¢oDtinued) Ye￿r ended 31 March 2022 Structur4 goverRance 2nd management The Charitable Company is Controlled by the bwd of tn]stees within the temis ofthe governing document, a deed of tLUSt attd constitstes a company litnited by guarantee under the tcmjs of MeMo￿ndu￿ and Articles of Association of 5 April 2005 (as amended 13 Marcb 2015). Day to day management is the responsibility of the Cbief Executive. Risk assessment and m4nagetneDt The trllsttts review the Enajor risks to which the Cl￿rity 1$ exposed and ensure that the appropriate controls are in plac to provide reasonable assurdnce against fiaud aDd error. Areas reviewed iticlude: t£a5e of premises, office equipment and fim)ibJre Staff end redundancy costs Contract relationships Jnsurablt risks. in¢ludin8 public liabÉlity. employer's liability and propety contents Precautions aoainst the possibility of dishontsty. Objective5 2nd activities Charitable objects Safegu¥¢ protect and preS￿ve the good hcalth, both mental and physical of ehildren and patents of children. Prevent cruelty to or maltreattuent of childEtn,' Relieve sickness, tM)verty and need amongst ¢bildren and parents of children. Promote the education of the publie in better standard5 of ehild¢are within in tbe areas of Bedfordshire, Luton and Mil￿￿ Kwes Aebievement and perfomanee Charitable activities The core activity for the year remained that of making av8ilable our trained and supervised volunteers to give free, non- judgern¢ntal and COTJfidential supwirt to families in their homes. Financial Review We have been able to maintain funding from contrncts. 8rn1ts and donatLons to contiuue our rnain PTojects. In addition wf have been able to distribute fi￿] ￿allts from Bedfordshire atsd Ejllton Comrnunity Foundation Winter Hardship project and give out donations of goods and esselltial items such as beddi￿ llappi&s, toys and cloU)ing ￿ benefit families in financial need. Specific donations have been used to restart Helping Hands in schoo]s. Our running Costs such as 5tsff and volunteer rnileage expenses have once again been greatly reduced dlle io the pandemic which we have added kn out r&%¢￿e$. Our main fi￿dIng which is from the local authority ¢onlinues to be insecure and the contracts are for one year only. Payments are also Very delayed resulting ID a ne¢d io kc¢p resetves io cover this. HOME-START CENTRAL BEDfoRDSHIRE (A comp2ny limited by Euarantee) TRUS'I'ELS, RKPORT {COlltinlled) Year ended 31 March 2022 We are no Longer fullded from the Office of the Police and Crime Commissioner to Tull the Own My Life programme" this will now be funded from fft8erves. Given our reh"allce on I(￿81 authority incorne and the Deed to diversify our inrA)me streams the Trustees have decided to invest some reserv<% ÈDtt> aD Improvemalt plan wbith should lead to a better diversity of funding and improved servic&% for all stakeholders. Income for the year totalled £207.050 {2021= £238.393) and expendits￿e £176 J83 (2021-. £182J32) resulting in 8 5llrplus of £30,667 (2021.. surplus £56.061) Plans for the future The impact of the pandemic on the mental health of both children and parents. ￿OngsIde the eurTent cost of living Crisis, are two of the main ¢oncerns that we will be looking at ways io address. Our teserv&s will e[￿ble us to begin new projects or grow our cunEnt services. Reserves pollcy The Trustees have considered the likely risks to the charity over the year and have designated reserves of £277,000 in order that the charity may be able to continue to operate or to wind down if appropriate. These include twelve months opernting ex￿ndit￿re, pension ￿nd deficit on closure. redundancy payments, ielocation costs if it were necessary to move our premises and a repair and renewals fund. This report was approved by the TnWees On 9 November 2022 alld signed on their behalf by: Mr5 E M Miller IN'DEpf,NDEiK'T EXAMINER'S REPORT TO THE TRUSTEES OF IIOMFATART CENTRAL BF.DFORDSHIRE (a private company limited by guarantee). Chxrity llU￿ber 1109262. Company number 05414484 I report on the a￿￿nts of the company for the year ended 31 Marth 2022. which are set out on pages 5 to 13. Respectiye responsibilities of trusttt and erdminer The trnstees {wbo are also the directors of the company for the purpos￿ of company law) are responsible for the preparation of the accounts. The trustees cojjsider that an audit is notrequired for this year under section 14412) of the Charities A¢t 2011 (the Charities Act} a[￿ that an itidepelldent examination is needed. The charity's gross IDcome did nol tx¢eed £250.000. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my r&%ponsibility to= examine the accowjts ll[￿er section 145 of the 2011 ACL to follow the procethire5 laid down in th¢ general DirectioL8 8iven by the Charity Con)Jnission uttder section 145{5)(b) of the 201 l Ac{ and to state whether particular lllatters have come to my attention. Basts of independent examiner's report My examination w&5 carried out in ac¢ordauce with the generai Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accouiits presented with those records. It also includes consideration of any unwa] iterns or diselosures in the accounts 2nd Seeking explanations from you as inJste&8 eoncerning any such mattets. The procedures wJd¢rtaken do not provide all the evidence that would be requited in an audit and Consequently no opinion is given as to whether the accounts present a 'true and fair view, and the ieport is litnited to those mattus set out in the statement below. Independent examiner's Statement In connection wtth rny examination, no matter b&s come to my attention.. (l) which giv&s me reasonable cause to believe that ill any material respect the requirements: to keep accounting recotds in accordance with sectson 386 of the Companies Act 211)6' and to prepase accounts wbkcb accord with the a¢coulltiDg records, coroply with the accounting requirements of section 396 of the Companies Act 2(KJ6 alld with the methryis and principles of the Statement of Recoinmended Practice". A¢coulltiDg al￿ Rewrting by Ckwities have not Ixen met- or (2) to which, in my opinion. attention sbould be drnwn ID order to enable a Proper understanding of the accounts to be re￿h¢d. B W Wilson Accountant 4 Sarurn Close Leighion BuzzArd Bedfordshire LU7 3UU 2? No vember 2022 HOME-START CENTRAL BEDFORDSHIRE (A companv liniited by guarantee) STA'fEMF.INT OF F￿￿'ANCIAL ACTIVITIES Year ended 31 March 2022 2022 2021 Unrestricted Restricted fvnds nds Total funds Total funds Note INCOMING RESOURCES Incoming resources from gellerated funds Voluntary income Investment income 132,144 1,752 73,154 205.298 1,752 235.539 2,584 Total incoming resource5 133,896 73,154 207.050 238,393 RESOURCES EXPENDED ChRritable activities Family support Governance c￿ts 98,858 4,371 73,154 172.012 4.371 178,880 3,452 Total resources expended 103,229 73,154 176.383 182,332 Net incoming resourc&s and movement in funds 30,667 30.667 56,061 Reeonciliation offunds Total fijnds brought forward 423.926 423,926 367,865 Total funds carried forw*rd 454.593 454.593 423,926 HOME-.START CEliTRAL BEDFORDSHIRE (A compan}. limited by guarantee) BALANCF. SllkET 31 March 2022 2022 Total nds 2021 Total funds Unrestrtcted Restricted fimds (unds Note FIXED ASSETS CURREYI T ASSETS Debtors and prepayments Cash at bank in hand 90 459,604 465253 18,559 483.812 CREDITORS.. Amounts failing due wtthin one year 465.253 18.559 483,812 459.694 (10.660) (18,559) (29319) {35,768) NET CURRENT ASSETS 454.593 454,593 423,926 TOTAL ASSETS LESS CURRENT LIABtLITTES 454,593 454.593 423,926 r4ET ASSETS 454.593 454.593 423,926 FUNDS Unrestricted fiwtts 454.593 423,926 454,593 423,926 The charitable cornpany is entitled to exemptson from audit under s477 of the Compan2cs Act 2006 for th¢ year ended 31 Match 2022. The meTnbers have not required the ch￿ilable company to obtsin all audit of its financial stste￿ents for the year ended 31 Marcb 2022. in accordance with s476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Ensuring that the CoMpa￿Y keeps accounting recor&8 that comply with s386 &Ld s387 of the Companies Act 2006 and. Preparing finaucial ststements which give a hue and fair view of the state of affairs of the charitable ¢OTnpany as at the elld of the financial year and of its surplus or deficit for each financial year in accordance with the tequiremeuts of s394 attd s395 and which otherwise comply with the iequiremeiits of the Cornpanies Act 2006 relatiug to fllJallcia] stateTllents, so far as applicable to the cbarttsble company. (b) These flnancial ststemeDts have been prepared ill accordatkce with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable compani&5 and the FinatLc1￿ Rew>rting Standard for Smaller Entities (effective April 2008) The financial statements were approved by the Board of Tn]slees on 9 Novemlxr 2022 and were signed on its behalf by.. Mrs E M Miller HOME-STAR'I. CENTRAL BEDFORDSHIRE IA Co￿panY liruited bv giixratEtee) NO'I'ES TO TFIE FINANCIAL STATEMENTS Year ended 31 March 2022 I Status of Charitable Company The Charitable Cotnpany is litnited by guarnitee. Each member of the company knas undertaken to cortttibute up to £1 Lo the CharÉty Company'$ assets should it be wound up. 2 Accounting policies Accounting convention rhe fioancial ststements have been prepared under the historical cost convention and in accordance with applicable accoullting standards, tbe Compatiies A¢t 2006 and the Statement of Recommended Praclice -Accounting and Reporting by Ctwitses" issued in March 2005 (SORP 2005). Incoming resources Incoming resources are illcluded in the Statement of Financial Activiti&% when the Charitable Company is legally entitled to the incotlle and the amount can be quatttified witb reasonable aceurdcy. Dollated facilities are included at the value to the Charitsble Company wh¢re this can be quamtified and a third party is bearing the cost. Grant income and gran(s for expenses are recognised the Ststemeni of Financial Activities and income and expenditure account in the year in which they are receivable. Resourc&% expettded All expenditure is accounted for on an accruals basis and has been classified UDder headings that aggiegate all Costs related to the category. Where costs Ca[￿0t be directly attrlbuted to particulathe&d1￿gs, they have been apportioned to activities on a basis of tirne spent. Support Costs are those costs inauTed directly in support of expenditure on the objects of the Charitsbl¢ Cornpaoy and include an appropriate aptKJrtiOt￿Delll of Mar￿geMent overheads. Governau¢e Costs Governance costs Comprise atl costs involving the public accountability of the Charity and its cornpliance witb regulation and oood practie These eosts include costs an allocation relating to support Costs. Fund accounting Un[￿tricted fi]nds are those fiEnds which may be used tOW8rds meetin8 the objectives of the Chan"table Compally at the d15cretion of the Trusttts. Restricted fund5 are fimds which are to be used in accordance with specific restrictions imposed by donoTS or whi¢h have been raised by the Charitable Cotnpally for particu]ar pu]y)%5. The costs of raising and administeriTJg such fvnds are cbarged against the specific fi]nd. The aim and use of re5tiicted funds is 5¢t out in tbe no￿ to the fmancial ststeEuents. PellsÈou costs The Cbatitable Cotnpally operat&8 a defined contribution pension scheme. Contributions payable to the Charttable Compalty's pension scheme 8nd are charged to the Sthtement of Charitable Activities in the period to which they relate. Tallgible fjxed &%sets Depreciation is provided at the following 8Dnual tate iti order (o write off each asset over its estirnated use￿1 life. O￿lee fiwniture and equipment IOOO/fj on eost HOMB4'fARI" CENTRAL BEDFORDSlllRE IA tomp2ny limiled by guaraRitee) NOTES TO THF, FINANCI.41, STATEMENTS (eontTnued) Year ended 31 March 2022 Accounting poiieies {eontin)Jed) TaxattOD The Charitable Company, as a registered charity. is not liable to tsxation. The Chai'itable Company cannot recover value added tsL and the expenditure where applicable is therefore included gross of the relaied value added tsx. Interest receivable Interest on deposit and Oth￿ a￿o￿nts is all(uted to income in the year in which it is receivable. 3 Investment income 2022 2021 Bank Illter￿t 1.752 2,854 4 Trustees retrnuneration and benefits There were no trnstees. remuneration orother benefits for the year ended 31 March 2022 {2021: nil) Trn￿teeS were reirnbur3ed expens￿ incurred during the year. 5 Staff costs 2022 2021 Wages and salari¢s Other pension costs 103,489 8,630 111,268 9,287 112,119 120,555 HOME-START c￿￿'TRAL BEDFORDSHIRE {A company limited by guaraThtee) NOTES TO I'IIE FINANk CIAL STATEMENTS (continued) Year ended 31 March 2022 6 Fixed assets Office furnjtllre & equipmeDt Cost At l April 2021 Additions 14205 At 31 March 2022 14,205 Depreeiation At l April 2021 Charge for y& 14,205 At 31 MaT¢h 2022 14,205 Net book value At 31 March 2022 Net book value at 31 March 2021 7 Debtor5: amounts falling due withKn one year 2022 2021 Pr¢payments 90 8 Creditors- amounts falling due within one year 2022 2021 Payroll taxes IPAYE & Nto Grarlts prepaid Other creditors (1,536) (1,833) (18,559) (20,021) (9,124) (13,914) (29,219) (35,768) HOME-START CENTRAL BEDFORDSHJRE {A eojnpany limited by ouarantee INOTES TO THE FINANCIAL STATEMENTS (continued) Year ellded 31 March 2022 9 Movement in funds At Net At I Aptit movement 31 March 2021 in year 2022 Unrestricted funds Generni fund 423,926 30,667 454,593 Restricted funds Ittcotning Resources Movement Resource5 expended in year BBC Children in Need - LJJton Beds and Luton CF Suryiving Winter Helping Hands Own My Life EPEC BLCF HS UK grants 14,234 4,976 1,683 9,000 40,000 150 14.234 4,976 1.683 9,000 40.000 150 73.154 73,154 10 Pension commitments The cotnpaoy parts"cipates in the scherne (TPT Retirernent Solutions-The Growth Plan) , a multi-employer scheme which Provides benefits to some 950 non-associaied participating employers. The scheme is a defined bellefit scheme in the UK. It is not possible for the company to obtain sufficicnt inforniation to enable it to account for the scheme as a defined benefit schetne. Therefote it accounts for the scheme a8 a defmed contribution scheme. The scheme is subject to the ￿ndIng legislation outlined in the PeDsions Act 21)04 which came into force on 30 Decernber 2(M)5. This, togethet with documents ]ss￿ed by the Pensious Regulator and Technical Actuarial Standards Issued by the Financial Reporting Couo¢il. set out the framewoJk for fiu)dillg defined benefit occupational pension hernes in the UK. The seherne is cla￿lfIed as a'last-maD Standing 8mllge￿e￿￿. Therefore the company is potelltially liable for other participating employers, obligatiolls if those employers are unable to ￿ect their share of the 5¢heme deficit following withdrawal from the scbeme. Participa(ÈDg employers are legally requtred to meet their share of the scheme deficit ott an omuity purchase basis on withdrawal from the scherne. 10 HOME-START CENTRAL BEDFORDSHIRE {A company limited by 2uarnntee) NOTES TO THE FLL¥kLNCIAL STATEMENTS (eontirEued) Year ended 31 Marell 2022 10 PetL5iOll comtnittnents {continued) A full acluaria] valuation for the scheme was caLTied ollt ai 30 September 2020. This valuation showed assets of £800.3￿ liabÉliti&% of £831.9￿ ond a deficit of £31.6m. To elitijillate this fundittg shortfall, the Trusiee lias asked the partieipatiug ernployers to pay additional contributions to the scheme as follows.. Deficit ¢OtLtributions From l April 2019 to 31 January 2025= £3.312.000 per annum (payable Monthly) Unless a conce￿10￿ has t￿ell agreed with the Tnjstee the terni to 31 January 2025 applies. Note that the scbeme's previous valuation w35 &qrried out with an effcctive date of 30 September 2017. This valuation showed assets of £794.9m. liabilities of £926.4m and a d¢fi¢it of £131.5m. To climinate this funding shortfall. tbe TDJstee bas asked the participating employers ￿ pay additional contributions to the scheme as follows.. Deficit contributions From l April 2019 to 30 September 2025.. £11,243,(K¥J per amnum by 3Vv each on 1st April) {payable monthly and increasing The recovery plan contributio￿8 are allocated to ea¢h participating employer in line with their estimated share of the Series l and Series 2 scheme liabilities. Where the schen)e is in deficit and wbere the cornpany agreed to a defÈcit fi￿dIng atTangement the con)pany recognises a liabiliry for this obligatjon. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relat&5 to the deficit. The present value is calculated using the discount rate detailed in these disclosurts. The unwinding of the discount ratc is rccognised Ls a finance cost. PRESENT VALUES OF PROVISION Pr&8ent value of provision 31 March 2022 31 March 2021 31 Marcli 2020 £ 1,017 £ 1205 RECONCItJATION OF OPBNINGAND CLOSING PROVISIONS Year ending 3 1 March 2022 Ye8r ending 31 March 2021 Provision at stsrt of period Unwindirtts of the discount factor{inter&st expense) Deficit contribution paid Retneasurements - impact of any ch3nge in assumptions Remeasurtments- amenthnents to the contribution $¢beth￿e Provision at end of peri 1,017 1,205 27 (250) 35 (257) (6) (500) 260 1,017 HOME-START CEP4TRAL BEDFORDSHIRE (A cotnpany limited by gu2rAntee) NOTES TO THE FINL ANCIAL STATEMEPITS (continued) Year ended 31 March 2022 10 Pension commitments (eotltinued) INCOME AND EXPENDITURE IMPAcr Period Ending 31 March 2022 Period Ending 31 March 2021 Inter&%t exp¢nse Rerne&5uremerLts- tmpact of any chattge in assutnptions ReTnessurements- amertthnents to the contribution schedule {S00) Contributions paid in respect of fjjbjre s&vice" 7,784 7,557 Costs recognised in income and expendtture account 8,042 7.806 ncludes defwed contribution schem&q and fijtsjre service contributions {i.e. excluding 8ny deficit reduction payments) to defined benefit schemes whieh are treated as defined contribution schemes. 27 35 (6) ASSUMFfioNS 31 March 2022 31 Mar¢h 2021 % per annuEn .66 31 March 2020 /0 per annum 2.53 Rate of discount 2.35 The discount ra￿S shown above are the equivatent single discount rates which, when used to discount the recovery plan contributions due, would give the same results as using a full AA corporate bond yield ¢l￿Ve to discount the same recovery plan contrilwtions. The following schedule detsils the deficit contributioTrs agreed bettveen the cornpany and the scheme at each year end period.. DEFICIT CONfRIBirrIoNS SCHEDULE Year ending 3 1 March 2022 31 Marcb 2021 31 March 2020 Year I Ye2r 2 Ye￿3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Yearjl Year 12 95 95 79 257 265 273 234 250 257 265 273 234 The compaDy Must recognise a liability tneasured as the present value of the contributions payable that arise from the deficit recovery aoreement aDd the resulting expense tn the income and expenditure account i.e. the unwinding of the discount rate as a finance ¢ost in the period in whicb it aJises. It is these contrkbutions that have been used (o deiive the cO￿panYS batallce sheet liability. 12 HOME-START CENTRAL BEDFORDSHIRE (A cotnpan). limited by guarantee NOTES'fo THE FIN'ALNCIAL STATEMENI TS (Continued) Year ended 31 March 2022 li Contingent li2bility Should withdrawal from the employer pension scherne take place. the employer's share of the deficit to be fwid¢d would crystallise. As at 30 September 2021 the liability would be £7,166. 12 Controlling party There is no ultimate controlling party- 13 Company limited by guarantee Home Srart Central Bedfordshire is a company limited by guarantee and do&s not have a share capital. 13 HOME-START CENfRAL BEDFORDSHIRE {A company limited by guarnntee) DEI'AILEtI sTArEIME￿'T OF FLNANCIAL ACTIVITIES Year ended 31 March 2022 2022 2021 NCOMING RESOURCE Voluniary Incortie Cort fundinggrdnt Othergrants 115560 73,155 16,583 115,000 90.381 30,158 205,298 1.752 235,539 2,854 Illve5tmeDI incoo Total lttetstning rcsourees 207.OSO 238,393 RESOURCES EVENDED Charitable 2CÉiWtits Staffrosts 103.489 8.630 9278 1,435 112,268 9,287 90 Pension costsand life ktnt*nd rates Jnsuyartce and xa]rity Repairs and rtnew81s T¢lephone Postatse and *ationery Staff recNithent 1,466 5,371 1.249 5,064 Hardship furtd Staff ¢xpcnses Voluut¢erexkKous Volunteer support Volurtteer tswnin8 Refreshinents 579 217 63 722 149 243 Tt>inw8 B2rtk chir8ES 722 216 138 4,337 18,160 1.2 24.0 Projeci costs.. PublicityArtd thd.rdi5ing expts15es Market￿g Clcaniog miscellat￿us 639 24,000 2,047 Fixb2te5 8ttd fitbj 179 330 178.880 Q0Venw￿ co#s Legal fees 48 48 32 Home.st3rtanftU￿ and ac¢ttditatioD PQASSO ft¢ & au(￿1 Surtdries IAGM t￿1 4,291 3,479 4.371 3.452 Total reJollrrts expended 176.383 J82,332 Netin¢oJue 30.067 56.061 psge dou not form partocthe statuthry r]uanci81 stst&ne#ts 14 A company limited by guarantee Company Registration Number.. 05414484 Re8LStered Chatity Number.. 1109262 HOME-START CEf4TRAL BEDFORDSHIRE Report of the Trustees #nd Unaudited Financial Statements Year Ended 31 March 2022 HOME-START CENTRAL BEDFORDSHIRE (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS Year etlded 31 March 2022 CONTENTS Page Trustees. report Ind¢pendent examiner's report Statement of fuwlcial adivities Balance sheet Notes to the financial statetnents FIOMf.-%TART CENTRAL BEDFORDSHIRE (A colnpany lÈTnited by guarantee) TRUSTEES, REPORT Year ended 31 Marth 2022 Relerence 8J]d administrative details Tlie irusiees of Home-start Central Bedfordshire preseni their report and financial sta￿ll)ents for the year ended 31 March 2022. The accounts have been prep￿ in aCcorda￿Ce with the recommendations of the Statement of Recommended Practice 2005-Accounting and Reporting by Charities {SORP 2(X)S) and in tteeordanee wiLh applicable laws. Officers and professioJJAI advisers Trustees serving during the year since the yexr end were as follows Mrs S E Fuchter Mrs A Kelly (resigned 15107f20221 Mrs P A Marchbank Mrs E M Miller Mrs A M Packer Mr P Ra7A Mr N C Taylor (appointed 2111012021) Seeretary and administration Mrs L Johnson The Annexe Downside Neighbourhood Centre Dunstable LU5 4AS Bankers CAF Bank Lirnited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Cambridge & Counties Bank Chamwood Court New Walk LEI 6TE Hampshire Trust BaDk 55 Bishopsgate London EC2N 3AS Nationwide Butlding Society One I'hreadne¢dle Street London EC2R 8AW Shawbrook Bank Lutea House Warley Hill Business Park The Drive, Great Warley Brenrwood CM13 3BE. Redwood Ba5Jk The Nexus Build7rtg Broadway Letchwortb Garden City SG6 3TA Illdependetlt exatniner B W Wilson Accountant 4 Satyjm Close Leightoo Buz7ard LU7 3UU HOME-START CENTRAL BEDFORDSHIRE (A comp#n}' limited by guarantee) TRUSTEEI S, REPORT (¢oDtinued) Ye￿r ended 31 March 2022 Structur4 goverRance 2nd management The Charitable Company is Controlled by the bwd of tn]stees within the temis ofthe governing document, a deed of tLUSt attd constitstes a company litnited by guarantee under the tcmjs of MeMo￿ndu￿ and Articles of Association of 5 April 2005 (as amended 13 Marcb 2015). Day to day management is the responsibility of the Cbief Executive. Risk assessment and m4nagetneDt The trllsttts review the Enajor risks to which the Cl￿rity 1$ exposed and ensure that the appropriate controls are in plac to provide reasonable assurdnce against fiaud aDd error. Areas reviewed iticlude: t£a5e of premises, office equipment and fim)ibJre Staff end redundancy costs Contract relationships Jnsurablt risks. in¢ludin8 public liabÉlity. employer's liability and propety contents Precautions aoainst the possibility of dishontsty. Objective5 2nd activities Charitable objects Safegu¥¢ protect and preS￿ve the good hcalth, both mental and physical of ehildren and patents of children. Prevent cruelty to or maltreattuent of childEtn,' Relieve sickness, tM)verty and need amongst ¢bildren and parents of children. Promote the education of the publie in better standard5 of ehild¢are within in tbe areas of Bedfordshire, Luton and Mil￿￿ Kwes Aebievement and perfomanee Charitable activities The core activity for the year remained that of making av8ilable our trained and supervised volunteers to give free, non- judgern¢ntal and COTJfidential supwirt to families in their homes. Financial Review We have been able to maintain funding from contrncts. 8rn1ts and donatLons to contiuue our rnain PTojects. In addition wf have been able to distribute fi￿] ￿allts from Bedfordshire atsd Ejllton Comrnunity Foundation Winter Hardship project and give out donations of goods and esselltial items such as beddi￿ llappi&s, toys and cloU)ing ￿ benefit families in financial need. Specific donations have been used to restart Helping Hands in schoo]s. Our running Costs such as 5tsff and volunteer rnileage expenses have once again been greatly reduced dlle io the pandemic which we have added kn out r&%¢￿e$. Our main fi￿dIng which is from the local authority ¢onlinues to be insecure and the contracts are for one year only. Payments are also Very delayed resulting ID a ne¢d io kc¢p resetves io cover this. HOME-START CENTRAL BEDfoRDSHIRE (A comp2ny limited by Euarantee) TRUS'I'ELS, RKPORT {COlltinlled) Year ended 31 March 2022 We are no Longer fullded from the Office of the Police and Crime Commissioner to Tull the Own My Life programme" this will now be funded from fft8erves. Given our reh"allce on I(￿81 authority incorne and the Deed to diversify our inrA)me streams the Trustees have decided to invest some reserv<% ÈDtt> aD Improvemalt plan wbith should lead to a better diversity of funding and improved servic&% for all stakeholders. Income for the year totalled £207.050 {2021= £238.393) and expendits￿e £176 J83 (2021-. £182J32) resulting in 8 5llrplus of £30,667 (2021.. surplus £56.061) Plans for the future The impact of the pandemic on the mental health of both children and parents. ￿OngsIde the eurTent cost of living Crisis, are two of the main ¢oncerns that we will be looking at ways io address. Our teserv&s will e[￿ble us to begin new projects or grow our cunEnt services. Reserves pollcy The Trustees have considered the likely risks to the charity over the year and have designated reserves of £277,000 in order that the charity may be able to continue to operate or to wind down if appropriate. These include twelve months opernting ex￿ndit￿re, pension ￿nd deficit on closure. redundancy payments, ielocation costs if it were necessary to move our premises and a repair and renewals fund. This report was approved by the TnWees On 9 November 2022 alld signed on their behalf by: Mr5 E M Miller IN'DEpf,NDEiK'T EXAMINER'S REPORT TO THE TRUSTEES OF IIOMFATART CENTRAL BF.DFORDSHIRE (a private company limited by guarantee). Chxrity llU￿ber 1109262. Company number 05414484 I report on the a￿￿nts of the company for the year ended 31 Marth 2022. which are set out on pages 5 to 13. Respectiye responsibilities of trusttt and erdminer The trnstees {wbo are also the directors of the company for the purpos￿ of company law) are responsible for the preparation of the accounts. The trustees cojjsider that an audit is notrequired for this year under section 14412) of the Charities A¢t 2011 (the Charities Act} a[￿ that an itidepelldent examination is needed. The charity's gross IDcome did nol tx¢eed £250.000. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my r&%ponsibility to= examine the accowjts ll[￿er section 145 of the 2011 ACL to follow the procethire5 laid down in th¢ general DirectioL8 8iven by the Charity Con)Jnission uttder section 145{5)(b) of the 201 l Ac{ and to state whether particular lllatters have come to my attention. Basts of independent examiner's report My examination w&5 carried out in ac¢ordauce with the generai Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accouiits presented with those records. It also includes consideration of any unwa] iterns or diselosures in the accounts 2nd Seeking explanations from you as inJste&8 eoncerning any such mattets. The procedures wJd¢rtaken do not provide all the evidence that would be requited in an audit and Consequently no opinion is given as to whether the accounts present a 'true and fair view, and the ieport is litnited to those mattus set out in the statement below. Independent examiner's Statement In connection wtth rny examination, no matter b&s come to my attention.. (l) which giv&s me reasonable cause to believe that ill any material respect the requirements: to keep accounting recotds in accordance with sectson 386 of the Companies Act 211)6' and to prepase accounts wbkcb accord with the a¢coulltiDg records, coroply with the accounting requirements of section 396 of the Companies Act 2(KJ6 alld with the methryis and principles of the Statement of Recoinmended Practice". A¢coulltiDg al￿ Rewrting by Ckwities have not Ixen met- or (2) to which, in my opinion. attention sbould be drnwn ID order to enable a Proper understanding of the accounts to be re￿h¢d. B W Wilson Accountant 4 Sarurn Close Leighion BuzzArd Bedfordshire LU7 3UU 2? No vember 2022 HOME-START CENTRAL BEDFORDSHIRE (A companv liniited by guarantee) STA'fEMF.INT OF F￿￿'ANCIAL ACTIVITIES Year ended 31 March 2022 2022 2021 Unrestricted Restricted fvnds nds Total funds Total funds Note INCOMING RESOURCES Incoming resources from gellerated funds Voluntary income Investment income 132,144 1,752 73,154 205.298 1,752 235.539 2,584 Total incoming resource5 133,896 73,154 207.050 238,393 RESOURCES EXPENDED ChRritable activities Family support Governance c￿ts 98,858 4,371 73,154 172.012 4.371 178,880 3,452 Total resources expended 103,229 73,154 176.383 182,332 Net incoming resourc&s and movement in funds 30,667 30.667 56,061 Reeonciliation offunds Total fijnds brought forward 423.926 423,926 367,865 Total funds carried forw*rd 454.593 454.593 423,926 HOME-.START CEliTRAL BEDFORDSHIRE (A compan}. limited by guarantee) BALANCF. SllkET 31 March 2022 2022 Total nds 2021 Total funds Unrestrtcted Restricted fimds (unds Note FIXED ASSETS CURREYI T ASSETS Debtors and prepayments Cash at bank in hand 90 459,604 465253 18,559 483.812 CREDITORS.. Amounts failing due wtthin one year 465.253 18.559 483,812 459.694 (10.660) (18,559) (29319) {35,768) NET CURRENT ASSETS 454.593 454,593 423,926 TOTAL ASSETS LESS CURRENT LIABtLITTES 454,593 454.593 423,926 r4ET ASSETS 454.593 454.593 423,926 FUNDS Unrestricted fiwtts 454.593 423,926 454,593 423,926 The charitable cornpany is entitled to exemptson from audit under s477 of the Compan2cs Act 2006 for th¢ year ended 31 Match 2022. The meTnbers have not required the ch￿ilable company to obtsin all audit of its financial stste￿ents for the year ended 31 Marcb 2022. in accordance with s476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) Ensuring that the CoMpa￿Y keeps accounting recor&8 that comply with s386 &Ld s387 of the Companies Act 2006 and. Preparing finaucial ststements which give a hue and fair view of the state of affairs of the charitable ¢OTnpany as at the elld of the financial year and of its surplus or deficit for each financial year in accordance with the tequiremeuts of s394 attd s395 and which otherwise comply with the iequiremeiits of the Cornpanies Act 2006 relatiug to fllJallcia] stateTllents, so far as applicable to the cbarttsble company. (b) These flnancial ststemeDts have been prepared ill accordatkce with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable compani&5 and the FinatLc1￿ Rew>rting Standard for Smaller Entities (effective April 2008) The financial statements were approved by the Board of Tn]slees on 9 Novemlxr 2022 and were signed on its behalf by.. Mrs E M Miller HOME-STAR'I. CENTRAL BEDFORDSHIRE IA Co￿panY liruited bv giixratEtee) NO'I'ES TO TFIE FINANCIAL STATEMENTS Year ended 31 March 2022 I Status of Charitable Company The Charitable Cotnpany is litnited by guarnitee. Each member of the company knas undertaken to cortttibute up to £1 Lo the CharÉty Company'$ assets should it be wound up. 2 Accounting policies Accounting convention rhe fioancial ststements have been prepared under the historical cost convention and in accordance with applicable accoullting standards, tbe Compatiies A¢t 2006 and the Statement of Recommended Praclice -Accounting and Reporting by Ctwitses" issued in March 2005 (SORP 2005). Incoming resources Incoming resources are illcluded in the Statement of Financial Activiti&% when the Charitable Company is legally entitled to the incotlle and the amount can be quatttified witb reasonable aceurdcy. Dollated facilities are included at the value to the Charitsble Company wh¢re this can be quamtified and a third party is bearing the cost. Grant income and gran(s for expenses are recognised the Ststemeni of Financial Activities and income and expenditure account in the year in which they are receivable. Resourc&% expettded All expenditure is accounted for on an accruals basis and has been classified UDder headings that aggiegate all Costs related to the category. Where costs Ca[￿0t be directly attrlbuted to particulathe&d1￿gs, they have been apportioned to activities on a basis of tirne spent. Support Costs are those costs inauTed directly in support of expenditure on the objects of the Charitsbl¢ Cornpaoy and include an appropriate aptKJrtiOt￿Delll of Mar￿geMent overheads. Governau¢e Costs Governance costs Comprise atl costs involving the public accountability of the Charity and its cornpliance witb regulation and oood practie These eosts include costs an allocation relating to support Costs. Fund accounting Un[￿tricted fi]nds are those fiEnds which may be used tOW8rds meetin8 the objectives of the Chan"table Compally at the d15cretion of the Trusttts. Restricted fund5 are fimds which are to be used in accordance with specific restrictions imposed by donoTS or whi¢h have been raised by the Charitable Cotnpally for particu]ar pu]y)%5. The costs of raising and administeriTJg such fvnds are cbarged against the specific fi]nd. The aim and use of re5tiicted funds is 5¢t out in tbe no￿ to the fmancial ststeEuents. PellsÈou costs The Cbatitable Cotnpally operat&8 a defined contribution pension scheme. Contributions payable to the Charttable Compalty's pension scheme 8nd are charged to the Sthtement of Charitable Activities in the period to which they relate. Tallgible fjxed &%sets Depreciation is provided at the following 8Dnual tate iti order (o write off each asset over its estirnated use￿1 life. O￿lee fiwniture and equipment IOOO/fj on eost HOMB4'fARI" CENTRAL BEDFORDSlllRE IA tomp2ny limiled by guaraRitee) NOTES TO THF, FINANCI.41, STATEMENTS (eontTnued) Year ended 31 March 2022 Accounting poiieies {eontin)Jed) TaxattOD The Charitable Company, as a registered charity. is not liable to tsxation. The Chai'itable Company cannot recover value added tsL and the expenditure where applicable is therefore included gross of the relaied value added tsx. Interest receivable Interest on deposit and Oth￿ a￿o￿nts is all(uted to income in the year in which it is receivable. 3 Investment income 2022 2021 Bank Illter￿t 1.752 2,854 4 Trustees retrnuneration and benefits There were no trnstees. remuneration orother benefits for the year ended 31 March 2022 {2021: nil) Trn￿teeS were reirnbur3ed expens￿ incurred during the year. 5 Staff costs 2022 2021 Wages and salari¢s Other pension costs 103,489 8,630 111,268 9,287 112,119 120,555 HOME-START c￿￿'TRAL BEDFORDSHIRE {A company limited by guaraThtee) NOTES TO I'IIE FINANk CIAL STATEMENTS (continued) Year ended 31 March 2022 6 Fixed assets Office furnjtllre & equipmeDt Cost At l April 2021 Additions 14205 At 31 March 2022 14,205 Depreeiation At l April 2021 Charge for y& 14,205 At 31 MaT¢h 2022 14,205 Net book value At 31 March 2022 Net book value at 31 March 2021 7 Debtor5: amounts falling due withKn one year 2022 2021 Pr¢payments 90 8 Creditors- amounts falling due within one year 2022 2021 Payroll taxes IPAYE & Nto Grarlts prepaid Other creditors (1,536) (1,833) (18,559) (20,021) (9,124) (13,914) (29,219) (35,768) HOME-START CENTRAL BEDFORDSHJRE {A eojnpany limited by ouarantee INOTES TO THE FINANCIAL STATEMENTS (continued) Year ellded 31 March 2022 9 Movement in funds At Net At I Aptit movement 31 March 2021 in year 2022 Unrestricted funds Generni fund 423,926 30,667 454,593 Restricted funds Ittcotning Resources Movement Resource5 expended in year BBC Children in Need - LJJton Beds and Luton CF Suryiving Winter Helping Hands Own My Life EPEC BLCF HS UK grants 14,234 4,976 1,683 9,000 40,000 150 14.234 4,976 1.683 9,000 40.000 150 73.154 73,154 10 Pension commitments The cotnpaoy parts"cipates in the scherne (TPT Retirernent Solutions-The Growth Plan) , a multi-employer scheme which Provides benefits to some 950 non-associaied participating employers. The scheme is a defined bellefit scheme in the UK. It is not possible for the company to obtain sufficicnt inforniation to enable it to account for the scheme as a defined benefit schetne. Therefote it accounts for the scheme a8 a defmed contribution scheme. The scheme is subject to the ￿ndIng legislation outlined in the PeDsions Act 21)04 which came into force on 30 Decernber 2(M)5. This, togethet with documents ]ss￿ed by the Pensious Regulator and Technical Actuarial Standards Issued by the Financial Reporting Couo¢il. set out the framewoJk for fiu)dillg defined benefit occupational pension hernes in the UK. The seherne is cla￿lfIed as a'last-maD Standing 8mllge￿e￿￿. Therefore the company is potelltially liable for other participating employers, obligatiolls if those employers are unable to ￿ect their share of the 5¢heme deficit following withdrawal from the scbeme. Participa(ÈDg employers are legally requtred to meet their share of the scheme deficit ott an omuity purchase basis on withdrawal from the scherne. 10 HOME-START CENTRAL BEDFORDSHIRE {A company limited by 2uarnntee) NOTES TO THE FLL¥kLNCIAL STATEMENTS (eontirEued) Year ended 31 Marell 2022 10 PetL5iOll comtnittnents {continued) A full acluaria] valuation for the scheme was caLTied ollt ai 30 September 2020. This valuation showed assets of £800.3￿ liabÉliti&% of £831.9￿ ond a deficit of £31.6m. To elitijillate this fundittg shortfall, the Trusiee lias asked the partieipatiug ernployers to pay additional contributions to the scheme as follows.. Deficit ¢OtLtributions From l April 2019 to 31 January 2025= £3.312.000 per annum (payable Monthly) Unless a conce￿10￿ has t￿ell agreed with the Tnjstee the terni to 31 January 2025 applies. Note that the scbeme's previous valuation w35 &qrried out with an effcctive date of 30 September 2017. This valuation showed assets of £794.9m. liabilities of £926.4m and a d¢fi¢it of £131.5m. To climinate this funding shortfall. tbe TDJstee bas asked the participating employers ￿ pay additional contributions to the scheme as follows.. Deficit contributions From l April 2019 to 30 September 2025.. £11,243,(K¥J per amnum by 3Vv each on 1st April) {payable monthly and increasing The recovery plan contributio￿8 are allocated to ea¢h participating employer in line with their estimated share of the Series l and Series 2 scheme liabilities. Where the schen)e is in deficit and wbere the cornpany agreed to a defÈcit fi￿dIng atTangement the con)pany recognises a liabiliry for this obligatjon. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relat&5 to the deficit. The present value is calculated using the discount rate detailed in these disclosurts. The unwinding of the discount ratc is rccognised Ls a finance cost. PRESENT VALUES OF PROVISION Pr&8ent value of provision 31 March 2022 31 March 2021 31 Marcli 2020 £ 1,017 £ 1205 RECONCItJATION OF OPBNINGAND CLOSING PROVISIONS Year ending 3 1 March 2022 Ye8r ending 31 March 2021 Provision at stsrt of period Unwindirtts of the discount factor{inter&st expense) Deficit contribution paid Retneasurements - impact of any ch3nge in assumptions Remeasurtments- amenthnents to the contribution $¢beth￿e Provision at end of peri 1,017 1,205 27 (250) 35 (257) (6) (500) 260 1,017 HOME-START CEP4TRAL BEDFORDSHIRE (A cotnpany limited by gu2rAntee) NOTES TO THE FINL ANCIAL STATEMEPITS (continued) Year ended 31 March 2022 10 Pension commitments (eotltinued) INCOME AND EXPENDITURE IMPAcr Period Ending 31 March 2022 Period Ending 31 March 2021 Inter&%t exp¢nse Rerne&5uremerLts- tmpact of any chattge in assutnptions ReTnessurements- amertthnents to the contribution schedule {S00) Contributions paid in respect of fjjbjre s&vice" 7,784 7,557 Costs recognised in income and expendtture account 8,042 7.806 ncludes defwed contribution schem&q and fijtsjre service contributions {i.e. excluding 8ny deficit reduction payments) to defined benefit schemes whieh are treated as defined contribution schemes. 27 35 (6) ASSUMFfioNS 31 March 2022 31 Mar¢h 2021 % per annuEn .66 31 March 2020 /0 per annum 2.53 Rate of discount 2.35 The discount ra￿S shown above are the equivatent single discount rates which, when used to discount the recovery plan contributions due, would give the same results as using a full AA corporate bond yield ¢l￿Ve to discount the same recovery plan contrilwtions. The following schedule detsils the deficit contributioTrs agreed bettveen the cornpany and the scheme at each year end period.. DEFICIT CONfRIBirrIoNS SCHEDULE Year ending 3 1 March 2022 31 Marcb 2021 31 March 2020 Year I Ye2r 2 Ye￿3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Yearjl Year 12 95 95 79 257 265 273 234 250 257 265 273 234 The compaDy Must recognise a liability tneasured as the present value of the contributions payable that arise from the deficit recovery aoreement aDd the resulting expense tn the income and expenditure account i.e. the unwinding of the discount rate as a finance ¢ost in the period in whicb it aJises. It is these contrkbutions that have been used (o deiive the cO￿panYS batallce sheet liability. 12 HOME-START CENTRAL BEDFORDSHIRE (A cotnpan). limited by guarantee NOTES'fo THE FIN'ALNCIAL STATEMENI TS (Continued) Year ended 31 March 2022 li Contingent li2bility Should withdrawal from the employer pension scherne take place. the employer's share of the deficit to be fwid¢d would crystallise. As at 30 September 2021 the liability would be £7,166. 12 Controlling party There is no ultimate controlling party- 13 Company limited by guarantee Home Srart Central Bedfordshire is a company limited by guarantee and do&s not have a share capital. 13 HOME-START CENfRAL BEDFORDSHIRE {A company limited by guarnntee) DEI'AILEtI sTArEIME￿'T OF FLNANCIAL ACTIVITIES Year ended 31 March 2022 2022 2021 NCOMING RESOURCE Voluniary Incortie Cort fundinggrdnt Othergrants 115560 73,155 16,583 115,000 90.381 30,158 205,298 1.752 235,539 2,854 Illve5tmeDI incoo Total lttetstning rcsourees 207.OSO 238,393 RESOURCES EVENDED Charitable 2CÉiWtits Staffrosts 103.489 8.630 9278 1,435 112,268 9,287 90 Pension costsand life ktnt*nd rates Jnsuyartce and xa]rity Repairs and rtnew81s T¢lephone Postatse and *ationery Staff recNithent 1,466 5,371 1.249 5,064 Hardship furtd Staff ¢xpcnses Voluut¢erexkKous Volunteer support Volurtteer tswnin8 Refreshinents 579 217 63 722 149 243 Tt>inw8 B2rtk chir8ES 722 216 138 4,337 18,160 1.2 24.0 Projeci costs.. PublicityArtd thd.rdi5ing expts15es Market￿g Clcaniog miscellat￿us 639 24,000 2,047 Fixb2te5 8ttd fitbj 179 330 178.880 Q0Venw￿ co#s Legal fees 48 48 32 Home.st3rtanftU￿ and ac¢ttditatioD PQASSO ft¢ & au(￿1 Surtdries IAGM t￿1 4,291 3,479 4.371 3.452 Total reJollrrts expended 176.383 J82,332 Netin¢oJue 30.067 56.061 psge dou not form partocthe statuthry r]uanci81 stst&ne#ts 14