REGISTERED COMPANY NUMBER: 05383984 (England and Wales) REGISTERED CHARITY NUMBER:
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Home-Start Ealing
Khushkam Limited 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
Home-Start Ealing
Trustees' Report for the Year Ended 31 March 2024
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 2024. 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
Significant activities during 2023/2024 have included continuing to offer friendship and support to families in Ealing with children under 5 years old. We have achieved this by matching well trained and experienced volunteers with families in need. Our co-ordinators promote weekly visits over a period of 3 to 6 months where a relationship of mutual trust can be developed between the family and the volunteer. We also facilitate two family groups which offer families an opportunity to grow in confidence before accessing the services available in the wider community. These interventions have been shown to be effective in addressing loneliness and isolation. Highlights have included a Christmas party, an art project, a visit to the beach and a picnic in the local park.
FINANCIAL REVIEW
Reserves policy
It is Homestart Ealing's policy to hold 3 months of operating costs as unrestricted reserves in order to maintain family support by retaining core staff for 3 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 2023/24 fiscal year our balance of unrestricted reserves was £20,444.
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
Registered office
Hanwell Children's Centre 25a Laurel Gardens Hanwell W7 3JG
Page 1
Home-Start Ealing
Trustees' Report for the Year Ended 31 March 2024
Trustees
Ms S M Butcher Retired Teacher Ms A J Cross Mother Ms V J Hosking Care Worker Ms C E Patterson Tv Producer (resigned 14.1.24) Ms L S S Soden Programme Director, Nhs Trust G J Szlachetko Banker (resigned 1.2.24)
Independent Examiner
Khushkam Limited 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................
Ms S M Butcher - Trustee
Page 2
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 2024.
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 46-48 Byron Road Wealdstone Harrow Middlesex HA3 7SS
Date: .............................................
Page 3
Home-Start Ealing
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,617 Investment income 2 1,319 Total 74,936 EXPENDITURE ON Raising funds 97,629 Charitable activities Managememt & administration 7,912 Total 105,541 NET INCOME/(EXPENDITURE) (30,605) Transfers between funds 10 9,440 Net movement in funds (21,165) RECONCILIATION OF FUNDS Total funds brought forward 41,609 TOTAL FUNDS CARRIED FORWARD 20,444 |
Restricted fund £ 9,440 - 9,440 - - - 9,440 (9,440) - 2,008 2,008 |
31.3.24 Total funds £ 83,057 1,319 84,376 97,629 7,912 105,541 (21,165) - (21,165) 43,617 22,452 |
31.3.23 Total funds £ 93,817 371 94,188 89,385 6,218 95,603 (1,415) - (1,415) 45,032 43,617 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Home-Start Ealing
Balance Sheet
31 March 2024
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 1,457 (499) CURRENT ASSETS Cash at bank 23,349 42,868 CREDITORS Amounts falling due within one year 8 (4,362) (40,361) NET CURRENT ASSETS 18,987 2,507 TOTAL ASSETS LESS CURRENT LIABILITIES 20,444 2,008 NET ASSETS 20,444 2,008 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
31.3.24 Total funds £ 958 66,217 (44,723) 21,494 22,452 22,452 20,444 2,008 22,452 |
31.3.23 Total funds £ 1,278 91,884 (49,545) 42,339 43,617 43,617 41,609 2,008 43,617 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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
Page 5
continued...
Home-Start Ealing
Balance Sheet - continued
31 March 2024
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 ............................................. and were signed on its behalf by:
.............................................
S M Butcher - Trustee
.............................................
L S S Soden - Trustee
The notes form part of these financial statements
Page 6
Home-Start Ealing
Notes to the Financial Statements for the Year Ended 31 March 2024
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 Computer equipment - 25% 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.
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Home-Start Ealing
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Deposit account interest | 1,319 | 371 |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.3.24 £ 320 |
31.3.23 £ 426 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Management & administration Charitable activities |
31.3.24 - - - |
31.3.23 1 2 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 93,817 - Investment income 371 - Total 94,188 - EXPENDITURE ON Raising funds 89,385 - |
Total funds £ 93,817 371 94,188 89,385 |
|---|---|
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Home-Start Ealing
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 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 | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| Charitable activities | |||||
| Managememt & administration | 6,218 | - | 6,218 | ||
| Total | 95,603 | - | 95,603 | ||
| NET INCOME/(EXPENDITURE) | (1,415) | - | (1,415) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 43,024 | 2,008 | 45,032 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 41,609 | 2,008 | 43,617 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| COST | Fixtures and fittings £ |
Computer equipment £ |
Totals £ |
||
| At 1 April 2023 and 31 March 2024 | 9,077 | 4,509 | 13,586 | ||
| DEPRECIATION | |||||
| At 1 April 2023 | 9,077 | 3,231 | 12,308 | ||
| Charge for year | - | 320 | 320 | ||
| At 31 March 2024 | 9,077 | 3,551 | 12,628 | ||
| NET BOOK VALUE | |||||
| At 31 March 2024 | - | 958 | 958 | ||
| At 31 March 2023 | - | 1,278 | 1,278 | ||
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Home-Start Ealing
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social Security & Other Taxes Accruals & Deferred Income Accrued Expenses 9. LOANS The charity has no loans or overdrafts. 10. MOVEMENT IN FUNDS Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 41,609 (30,605) Restricted funds Activities 2,008 9,440 TOTAL FUNDS 43,617 (21,165) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 74,936 Restricted funds Activities 9,440 TOTAL FUNDS 84,376 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social Security & Other Taxes Accruals & Deferred Income Accrued Expenses 9. LOANS The charity has no loans or overdrafts. 10. MOVEMENT IN FUNDS Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 41,609 (30,605) Restricted funds Activities 2,008 9,440 TOTAL FUNDS 43,617 (21,165) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 74,936 Restricted funds Activities 9,440 TOTAL FUNDS 84,376 |
||||||
|---|---|---|---|---|---|---|---|
| 2023 1661 -- 1209 2870 |
2021 1729 24750 27670 |
||||||
| Transfers between funds £ 9,440 (9,440) - Resources expended £ (105,541) - (105,541) |
At 31.3.24 £ 20,444 2,008 22,452 Movement in funds £ (30,605) 9,440 (21,165) |
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Home-Start Ealing
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.4.22 | in funds | 31.3.23 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 43,024 | (1,415) | 41,609 | ||
| Restricted funds | |||||
| Activities | 2,008 | - | 2,008 | ||
| TOTAL FUNDS | 45,032 | (1,415) | 43,617 | ||
| Comparative net movement in funds, included in the above are as | follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
||
| General fund | 94,188 | (95,603) | (1,415) | ||
| TOTAL FUNDS | 94,188 | (95,603) | (1,415) | ||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Unrestricted funds | At 1.4.22 £ |
Net movement in funds £ |
Transfers between funds £ |
At 31.3.24 £ |
|
| General fund | 43,024 | (32,020) | 9,440 | 20,444 | |
| Restricted funds | |||||
| Activities | 2,008 | 9,440 | (9,440) | 2,008 | |
| TOTAL FUNDS | 45,032 | (22,580) | - | 22,452 | |
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Home-Start Ealing
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
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 Restricted funds Activities TOTAL FUNDS |
Incoming resources £ 169,124 9,440 178,564 |
Resources expended £ (201,144) - (201,144) |
Movement in funds £ (32,020) 9,440 (22,580) |
|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 12
Home-Start Ealing
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Activities Staff & Volunteer Expenses Wages Social security Pension Charitable activities Insurance Sundries Support costs Management Telephone Postage and stationery Finance Bank charges Computer equipment |
31.3.24 £ (1) 20,243 - 62,815 83,057 1,319 84,376 1,433 4,648 86,583 2,560 2,405 97,629 783 279 1,062 1,795 809 2,604 60 319 379 |
31.3.23 £ (1) 21,579 164 72,075 93,817 371 94,188 536 4,681 79,884 2,072 2,212 89,385 751 158 909 1,716 95 1,811 72 426 498 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Home-Start Ealing
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Finance Governance costs Postage and stationery Accountancy and legal fees Legal fees Home Start Fees Total resources expended Net expenditure |
31.3.24 £ - 1,431 2,436 - 3,867 105,541 (21,165) |
31.3.23 £ 411 1,209 - 1,380 3,000 95,603 (1,415) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
Home-Start Ealing
Contents of the Financial Statements for the Year Ended 31 March 2024
| 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 12 |
| Detailed Statement of Financial Activities | 13 to 14 |