**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
## HOME START EALING
Khushkam Limited Chartered Certified Accountants 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
HOME START EALING
## 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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|