REGISTERED COMPANY NUMBER: 05383984 (England and Wales) REGISTERED CHARITY NUMBER: 1109449
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
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Khushkam Limited Chartered Certified Accountants 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
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Trustees' Report FOR THE YEAR ENDED 31 MARCH 2021
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 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To support families with at least one child under five who are facing difficulties of various kinds eg a child with disabilities, twins or triplets, mental illness, etc
The aim being that families will be self sufficient and require no further help with managing their children and home life, therefore not being a burden on the state.
Significant activities
Activities for this year look very different to our normal service delivery as Covid 19 forced us to work from home and switch our services to online rather than face to face. We were creative and innovative and developed an online service offer with weekly activity and drop in groups and regular 1-1s online with the families we were supporting. We also supported our volunteers online with monthly group sessions. We ran a small number of outdoor meet ups in the summer for small groups and had to hold our Christmas party on zoom with party bags delivered to the family homes.
Many of our families have really struggled through the lockdowns and we have made regular doorstep drop offs to them with food, nappies and clothes as well as hampers at Christmas.
It was a year like no other and we constantly had to reinvent how we delivered our activities to meet the needs of our families within the restrictions we were operating under.
FINANCIAL REVIEW
Reserves policy
It is Homestart Ealing's policy to hold 6 months of operating costs as unrestricted reserves in order to maintain family support by retaining core staff for 6 months and meet full notice and redundancy obligations of the scheme and other costs should no alternative source of funding be found.
As of the end of the 20120/21 fiscal year our balance of unrestricted reserves was £64,257.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05383984 (England and Wales)
Registered Charity number
1109449
Registered office
25A Laurel Gardens Hanwell Middlesex W7 3JG
Trustees
Mrs S M Butcher Retired Teacher Mrs V J Hosking Charity Adviser G J Szlachetko Retired Banker Ms C Patterson TV Producer Ms A Cross
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Trustees' Report
FOR THE YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Khushkam Limited Chartered Certified Accountants 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
Approved by order of the board of trustees on 16 December 2021 and signed on its behalf by:
Mrs S M Butcher - Trustee
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Independent Examiner's Report to the Trustees of Home Start Ealing
Independent examiner's report to the trustees of Home Start Ealing ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Sangita Patel Khushkam Limited Chartered Certified Accountants 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
16 December 2021
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Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 114,796 Investment income 2 29 Total 114,825 EXPENDITURE ON Raising funds 83,991 Charitable activities Managememt & administration 6,077 Total 90,068 NET INCOME/(EXPENDITURE) 24,757 RECONCILIATION OF FUNDS Total funds brought forward 39,500 TOTAL FUNDS CARRIED FORWARD 64,257 |
Restricted fund £ - - - - - - - 2,008 2,008 |
31.3.21 Total funds £ 114,796 29 114,825 83,991 6,077 90,068 24,757 41,508 66,265 |
31.3.20 Total funds £ 37,768 88 37,856 65,814 7,831 73,645 (35,789) 77,297 41,508 |
|---|---|---|---|
The notes form part of these financial statements
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Balance Sheet 31 MARCH 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 2,770 CURRENT ASSETS Cash at bank and in hand 87,653 CREDITORS Amounts falling due within one year 8 (26,166) NET CURRENT ASSETS 61,487 TOTAL ASSETS LESS CURRENT LIABILITIES 64,257 NET ASSETS 64,257 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ (499) 42,868 (40,361) 2,507 2,008 2,008 |
31.3.21 Total funds £ 2,271 130,521 (66,527) 63,994 66,265 66,265 64,257 2,008 66,265 |
31.3.20 Total funds £ 1,903 113,100 (73,495) 39,605 41,508 41,508 39,500 2,008 41,508 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Balance Sheet - continued
31 MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2021 and were signed on its behalf by:
S M Butcher - Trustee
G J Szlachetko - Trustee
The notes form part of these financial statements
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Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Deposit account interest | 29 | 88 |
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 757 | 635 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Management & administration | 31.3.21 31.3.20 1 1 |
|---|---|
| Charitable activities | 2 2 |
| 3 3 |
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 37,768 - Investment income 88 - Total 37,856 - EXPENDITURE ON Raising funds 65,814 - Charitable activities Managememt & administration 7,831 - Total 73,645 - NET INCOME/(EXPENDITURE) (35,789) - RECONCILIATION OF FUNDS Total funds brought forward 75,289 2,008 |
Total funds £ 37,768 88 37,856 65,814 7,831 73,645 (35,789) 77,297 |
|---|---|
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED FORWARD | 39,500 | 2,008 | 41,508 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| COST | Fixtures and fittings £ |
Computer equipment £ |
Totals £ |
||
| At 1 April 2020 | 9,077 | 3,384 | 12,461 | ||
| Additions | - | 1,125 | 1,125 | ||
| At 31 March 2021 | 9,077 | 4,509 | 13,586 | ||
| DEPRECIATION | |||||
| At 1 April 2020 | 9,077 | 1,481 | 10,558 | ||
| Charge for year | - | 757 | 757 | ||
| At 31 March 2021 | 9,077 | 2,238 | 11,315 | ||
| NET BOOK VALUE | |||||
| At 31 March 2021 | - | 2,271 | 2,271 | ||
| At 31 March 2020 | - | 1,903 | 1,903 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Bank loans and overdrafts (see note 9) | 31.3.21 £ 38,943 |
31.3.20 £ 46,552 |
|||
| Social security and other taxes | 1,684 | 1,004 | |||
| Accruals and deferred income | 24,750 | 24,750 | |||
| Accrued expenses | 1,150 | 1,189 | |||
| 66,527 | 73,495 | ||||
| 9. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| Amounts falling due within one year on demand: | 31.3.21 £ |
31.3.20 £ |
|||
| Bank overdrafts | 38,943 | 46,552 | |||
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021
10. MOVEMENT IN FUNDS
| At 1.4.20 £ Unrestricted funds General fund 39,500 Restricted funds Activities 2,008 TOTAL FUNDS 41,508 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 114,825 TOTAL FUNDS 114,825 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 75,289 Restricted funds Activities 2,008 TOTAL FUNDS 77,297 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 37,856 TOTAL FUNDS 37,856 |
Net movement At in funds 31.3.21 £ £ 24,757 64,257 - 2,008 24,757 66,265 Resources Movement expended in funds £ £ (90,068) 24,757 (90,068) 24,757 Net movement At in funds 31.3.20 £ £ (35,789) 39,500 - 2,008 (35,789) 41,508 Resources Movement expended in funds £ £ (73,645) (35,789) (73,645) (35,789) |
|---|---|
continued...
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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 75,289 | (11,032) | 64,257 | |
| Restricted funds | ||||
| Activities | 2,008 | - | 2,008 | |
| TOTAL FUNDS | 77,297 | (11,032) | 66,265 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 152,681 152,681 |
Resources Movemen expended in funds £ £ (163,713) (11,032) (163,713) (11,032) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021
| Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | (1) |
| Donations | 25,815 | 28,814 |
| Grants | 88,980 | 8,250 |
| Fundraising | - | 705 |
| Investment income | 114,796 | 37,768 |
| Deposit account interest | 29 | 88 |
| Total incoming resources | 114,825 | 37,856 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising expenses | - | 223 |
| Other trading activities | ||
| Purchases | - | 647 |
| Staff & Volunteer Expenses | 3,880 | 1,747 |
| Wages | 75,870 | 60,271 |
| Social security | 2,409 | 1,329 |
| Pension | 1,832 | 1,597 |
| Charitable activities | 83,991 | 65,591 |
| Insurance | 841 | 782 |
| Sundries | 91 | 234 |
| Support costs | 932 | 1,016 |
| Management | ||
| Telephone | 1,761 | 1,952 |
| Postage and stationery | 173 | 480 |
| Property expenses | - | 427 |
| Finance | 1,934 | 2,859 |
| Bank charges | 69 | 259 |
| Computer equipment | 757 | 635 |
| 826 | 894 | |
| Governance costs | ||
| Accountancy and legal fees | 1,258 | 1,190 |
| Carried forward | 1,258 | 1,190 |
This page does not form part of the statutory financial statements
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Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021
| Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 1,258 | 1,190 |
| Home Start Fees | 1,127 | 1,872 |
| 2,385 | 3,062 | |
| Total resources expended | 90,068 | 73,645 |
| Net income/(expenditure) | 24,757 | (35,789) |
This page does not form part of the statutory financial statements
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Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |