**Charity number: 1109550 Company number: 05379764**
## **Home-Start Barnet**
(A company limited by guarantee)
**Trustees’ report and financial statements For the year ended 31 March 2023**
1
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
## **Contents For the year ended 31 March 2023**
||**Page**|
|---|---|
|Legal and administrative information|3|
|Trustees report|4-10|
|Independent examiners’ report|11|
|Statement of financial activities|12|
|Balance sheet|13|
|Statement of cash flows|14|
|Notes to the financial statement|15-22|
2
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
## **Reference and administrative information**
|**Charity number**|1109550|
|---|---|
|**Company Registration number**|05379764|
|**Business and registered office**|Avenue House|
||Stephen’s House and Gardens|
||East End Road|
||London|
||N3 3QE|
|**Patron**|Martin H. C. Russell, FCT, Deputy Lieutenant of Greater London|
||Representative Deputy Lieutenant for the London Borough of Barnet|
|**Trustees**|Julia Roberts|
||Raphael Harris FCA|
||Christina Bach|
||Ahmed Shaheer Shahriar|
||Daksha Chauhan Keys (Resigned on 14/06/2022)|
||Reena Thakrar (Resigned on 14/06/2022)|
||Karen Gubbay (Appointed on 14/09/2022)|
||Karen Lewis (Appointed on 14/09/2022)|
||Janine Waterman (Appointed on 14/09/2022)|
|**Company Secretary**|Guljabeen Rahman|
|**Accountant**|**Accountability Europe Limited**|
||Omnibus Workspace, 39-41 North Road|
||London|
||N7 9DP|
|**Bankers**|**Unity Trust Bank Plc**|
||Four Brindley place|
||Birmingham|
||B1 2JB|
||**Barclays Bank Plc**|
||Leicester|
||LE87 2BB|
3
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
The Directors present their report and accounts of the company for the year ended 31 March 2023.
## **Structure and governance**
Home-Start Barnet was incorporated as a company registered by guarantee on 1st March 2005. The guarantee of each member is limited to £1 in the event of the company being wound up. The governing document is the Memorandum and Articles of Association, and the Trustees are the Directors.
## **Trustees**
The Directors of the company are also charity Trustees for the purpose of charity law and, under the Company's Articles, are known as members of the Management Committee. All Trustees must be members of Home-Start Barnet.
Under the Memorandum and Articles of Association, the Trustees may appoint any duly qualified person as a Trustee. Trustees shall hold office for three years and should resign at the end of their term of office. A retiring Trustee shall be eligible for re-appointment for a further two terms of three years. No Trustees should serve for more than three terms of three years.
During the year three new Trustees, Karen Gubbay, Karen Lewis and Janine Waterman were appointed. Two Trustees, Daksha Chauhan-Keys and Reena Thakrar resigned. The board would like to thank them for all their hard work.
Trustees are sought in a variety of ways, which include recommendation from existing Trustees, staff and supporters. When seeking new Trustees, the Board carefully considers what skills and expertise are desired to support the ongoing development of the charity and, to that end, seek people with the relevant experience and expertise. Potential Trustees are scrutinised by a senior officer of the charity and are subject to interview by the Chair and Vice Chair.
New Trustees undertake an induction programme with the Chair and the CEO of the charity. This includes a tour of the offices and an overview of the operations of the charity. They are provided with all the necessary governance documents and handbooks, in addition to a comprehensive "Trustees Recruitment and Induction Pack". Further training is available to the Trustees through Home-Start UK.
Full Board of Trustee meetings are held at least four times per year to review and agree major areas of policy and operation. Staff members are invited to attend Trustee meetings to give an update on the achievements during the last period. The annual AGM is held in November to which all stakeholders are invited.
In addition to the Trustee meetings, sub-groups are formed as and when necessary, calling on the relevant skills of Board members to contribute and have oversight of the specific issue. Once a year there is a longterm strategy meeting.
Day to day responsibility for the running of the charity rests with the Chief Executive Officer (CEO). The CEO is responsible for operating within the framework of policies, to forward plan and budget to ensure the charity delivers the services specified in the Strategic Plan and achieves its key performance indicators. The CEO is responsible for supervision of the staff team and ensuring that staff and volunteers continue to develop their skills and working procedures in line with best practice.
**Related Parties**
4
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
Home-Start Barnet is an independent charitable company affiliated to Home-Start UK, the national umbrella organisation for Home-Start schemes. Consequently, Home-Start Barnet has signed up to a national HomeStart agreement and works to the national organisation's standards and methods of practice. As an affiliated scheme, Home-Start Barnet benefits from the umbrella organisations' expertise and advice as regards new legislation, regulations and internal control procedures, and its Trustees, staff and volunteers are able to take advantage of comprehensive training courses. Home-Start UK also helps to maintain processes that operate in accordance with best practice through their Quality Assurance Programme.
## **Risk Assessment**
Home-Start Barnet operates a risk register which is regularly reviewed by the Trustees at Board meetings. The Board of Trustees has reviewed the major risks to which Home-Start Barnet is exposed and is satisfied that systems have been and are being established to mitigate these risks.
The charity continually reviews its detailed procedures and policies to ensure that they are consistent with those best practices identified and documented by Home-Start UK. In addition, it continues to focus on the following key aspects:
- Screening all new Trustees, staff and volunteers with the Disclosure and Barring Services (DBS) to establish their suitability to work with or have access to children or vulnerable adults.
- Ensuring all staff and volunteers are properly trained, supported and supervised in the carrying out of their activities.
- Ensuring that proper controls and procedures are in place to identify and action instances of alleged or suspected abuse that may come to the attention of Home-Start Barnet.
- Ensuring that internal control risks are minimised by following procedures that require all transactions to be correctly authorised.
- Ensuring the maintenance of adequate insurance cover for the scheme to provide cover for employees, Trustees and volunteers carrying out work for and on behalf of Home-Start Barnet; this includes any claim resulting from alleged or actual
- Ensuring that adequate funding is in place to support our work.
- Ensuring the organisation is GDPR compliant.
## **Objectives and Activities**
Home-Start Barnet's mission is to support vulnerable families living in the London boroughs of Barnet, Brent, Enfield and Harrow who are experiencing difficulties, to help promote a safer, happier and healthier life for their children. We deliver this support with the aid of trained volunteers who give their time to offer a combination of practical and emotional support to the parents.
Our volunteers visit families in their own homes so that the dignity and identity of the parents and children is protected, the individual needs of the family can be met, and the parents’ strengths are supported and encouraged.
As part of our holistic approach to parenting we provide additional and alternative support including:
- Perinatal Health Coaching - up to 6 months of one-to-one support for expecting and new mums at risk of mental health issues.
- Family Health Coaching - up to 6 months of one-to-one support for families affected by domestic violence, substance misuse and mental health which is impacting on their children's wellbeing.
- Money Smart - supporting low-income families to be 'money smart' using the award winning Made of
5
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
Money programme, thereby avoiding debt and financial distress.
- Evidence-based parenting programmes.
- Family groups for hard-to-reach families Barnet and Harrow.
- Trips and outings during school holidays.
- Healthwatch Barnet partners in providing the local community, information, advice and signposting of health and social care services.
- Social work student placements over 70 days
- Counselling provided by qualified volunteer therapists and by student therapists on placement.
Our model is informal and flexible, meeting the needs of the culturally diverse communities we serve across Barnet, Brent, Enfield and Harrow. We work in partnership with statutory agencies and other organisations, receiving referrals from Social Care, Health Visitors, Midwifery, Children's Centres, GPs, Education, Community organisations and the families themselves.
In the last year, we achieved this with a core of 22 staff members, including 6 full-time and 16 part-time staff including the CEO and a network of approximately 150 volunteers who work in line with the quality assurance standards and methods of practice as governed by Home-Start UK.
## **Achievements and Performance Family Support**
- We supported a total of 1261 children and young people and 678 families through a combination of oneto-one volunteers, coordinator-led support, counselling, group activities for under-5s, workshops and money management coaching.
- 783 of the children receiving support were under the age of five
- One to one home-visiting support was provided to 198 families with 337 children across five boroughs (Barnet, Harrow, Brent, Enfield and Tower Hamlets)
- We offered 103 group activities sessions for under-5s in Grahame Park (79) and Kenmore Park (24). A total of 194 families with 279 children engaged.
- 103 families with 209 children attended Mental Health Awareness workshops.
- 38 families with 78 children benefitted from our Counselling Service using trainee and volunteer therapists.
- 44 families with 81 children, who were struggling financially, were supported through our one-to-one Money Smart Programme.
- Families received Christmas gifts, grocer vouchers and food hampers donated by Berkeley Homes, John Lewis, Young Barnet Foundation, GWPA and Oxford Street Hampers.
## **Volunteering Highlights**
We are an Investing in Volunteering (IiV) accredited organisation:
- 82 volunteers offered face to face support (home visiting or outdoor meetings)
- 6 volunteers supported the administration team, 3 support the group activities
- 10 counsellors offered support to families
- Almost 60% of our volunteers can speak and understand at least one additional language
- 5 Volunteer Training Courses were delivered throughout the year, 43 new volunteers were recruited
- Training: We offered refresher training for volunteers on long-term resting. Some volunteers attended
6
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
training sessions in: Safeguarding, Mental Health First Aid and Autism Awareness. We have also introduced the ‘Learn some more’ support: a series of 10 emails sent as a follow up to the preparation course, each one recommending further training, resources, courses and relevant learning opportunities.
- Links and invites to volunteer training resources were provided through the regular volunteer newsletter, as well as wellbeing resources and HSUK tips for parents videos.
## **Staff Development**
Training undertaken by staff members this year included:
- Autism awareness
- Bereavement awareness
- Coordinator Bootcamps on Family Services and Charity Log
- How to write case studies
- Safeguarding (Refresher, Level 2 and 3)
- Mental Health First Aid
- Equality, Diversity and Inclusion
- Excel/Power BI training
- Cuppa Coaching
- Train the trainer
- Support and Supervision of Staff
## **Financial Review**
The Charity had £600,360 (2022 - £630,457) income from all sources this year, and a deficit of £59,311 (2022 - surplus of £49,388). This is explained further in our Financial Statements on pages 12. The Charity now has total funds of £77,791 (2022 - £137,102). The trustees aim to maintain sufficient unrestricted funds to safeguarding Home-Start Barnet ongoing work.
The trustees have set target reserves to cover three months’ future expenditure (£125,000) with the aim of reaching this level over the next couple of years. As at 31 March 2023, free unrestricted funds were £2,943. The Trustees have the situation under active review and will take appropriate action if in their opinion the target is unlikely to be reached in the timetable previously set.
## **Principal Funding Sources**
We continue to support our work using a mixture of funding sources including:
- Contract with London Borough of Barnet to support vulnerable families with older children at risk of mental health issues, commissioned to March 2025.
- Contract with Public Health Barnet to support women at risk of mental health issues during the perinatal period, commissioned to March 2025.
- Contract with London Borough Brent Family Solutions team extended to December 2023.
- Funding from Berkeley Homes North-east London through the Home-Start London consortium to deliver work in London Boroughs of Enfield and Tower Hamlets (ending October 2023)
- Funding from CNWL Partnership with Home-Start London Consortium to deliver perinatal mental health support in Harrow and Brent until May 2023
7
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
- Funding from John Lyon's Charity to continue our work with families with under-5s in Brent, Barnet and Harrow until 2024
- Funding from BBC CIN Small Grant to run the Grahame Park family group.
- Funding from The Hadley Trust to support the recruitment and training of volunteers.
- Home Start UK grants for “Empowering Women”, Volunteering Futures and Isolation and Loneliness
Home-Start Barnet could not have made the same difference without the fundraising efforts and in-kind support provided by so many of our supporters and partners. We are particularly grateful to:
- Akiva School
- The Greek Women's Philanthropic Association
- Sebby’s Corner
- Chipping Barnet Food Bank
- John Lewis Brent Cross
- Waitrose in Brent Cross, Whetstone, Temple Fortune, Harrow Weald, Enfield, Barnet, Finchley, South Harrow, Enfield Chase, Mill Hill, Finchley Central
- LUSH
- London Bridge Challenge participants and donors
- We would also like to acknowledge all the individual donations we have received during the year.
## **Reserves Policy**
The Trustees regularly review the requirement to maintain reserves having regard to the main operational risks faced by Home-Start Barnet. As a result of this review, the Trustees concluded that a minimum reserve, equivalent to three months costs should be maintained. In addition, the Trustees asked the CEO to monitor this requirement, and agreed that, should circumstances change, a temporary reduction in the minimum reserve required can be put in place until the next Trustee Board meeting. Capital commitments agreed by Home Start Barnet at 31 March 2023 were nil (2022 - Nil).
## **Investment Policy**
Any funds not readily needed are transferred to an interest-bearing account. These funds are closely monitored. As interest rates are at an all-time low the Charity's revenue from this source are negligible. The Trustees believe that low risk investments best suit the organisation.
## **Future Plans**
The charity plans to continue the activities outlined above in the forthcoming years, subject to satisfactory funding arrangements. This has proved to be a very challenging year in terms of finances and staff resources. Therefore, plans for the year end March 2024 will focus on the following priorities:
Organisational Resilience:
- Develop a succession plan for the Board and ensure recruitment of Trustees who are able to support the organisation to develop and grow.
- Continue to strengthen and develop the Board’s knowledge and capacity in areas of financial governance, organisational management and strategy.
- Review of the 3-year strategic plan and development of the next plan that sets the direction of travel for the charity
8
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
- Review the full cost recovery model and correctly identify costs of supporting the individual elements of the overall scheme.
- Increase the level of reserves through donations and careful financial management.
## Partnerships and Engagement:
- Embed the organisation in each of the boroughs in which we work, to ensure that we are represented and visible across networks and forums in each borough.
- Focus on development of strategic partnerships with other voluntary sector organisations that share our ethos and have mutual goals.
- Nurture relationships with existing supporters and increase visibility and accountability to attract new supporters.
## Efficiency and Effectiveness in Service Delivery
- Ensure that external stakeholders are aware of our approach to supporting families, creating clear referral pathways and improving support to families in greatest need of our help.
- Through the learning and development programme, create trainee positions, work placements and increase our capacity to offer more student social work placements each year.
- Build on the resources and skills we have developed in our staff, volunteers and Trustees and invest in further CPD.
- Ensure that services and operations place diversity and inclusion at their core, and continue to explore and embed best practice in these areas.
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and activities in planning future activities. It is the judgement of the Trustees that activities in pursuit of the above objectives fully met the public benefit test, which they have kept in mind in planning programme for the charity.
## **Trustees' Responsibilities Statement**
The Trustees (who are also directors of Home-Start Barnet for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
9
**Home-Start Barnet** Trustees’ Annual Report For the year ended 31 March 2023
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **Small company provisions**
This report has been prepared in accordance with the special provision for small companies under Part 15 of the Companies Act 2006.
## **Accountants**
Accountability Europe Limited have been appointed as independent examiner.
This report was approved by the Board of Trustees on 11[th] December 2023 and signed on its behalf by:
..............................................................
**Julia Roberts - Chair of Home-Start Barnet**
10
**Home-Start Barnet** Independent Examiner’s Report For the year ended 31 March 20232
I report to the Trustees on my examination of the accounts of Home-Start Barnet for the year ended 31 March 2023.
## **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.
…………………………
**Aamer Shehzad FCA** Accountability Europe Ltd Omnibus Workspace 39-41 North Road London N7 9DP Date: **14/12/2023**
11
## **Home-Start Barnet**
(A company limited by guarantee)
## **Statement of financial activities For the year ended 31 March 2023**
|**Note**
**Income from:**
Donations and legacies
**3**
Charitable activities - Grants
**4**
Investment income
**6**
**Total income**
**Expenditure on:**
Charitable activities
**7**
**Total expenditure**
**7**
**Net income / (expenditure) for the year**
**8**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**£**
17,301
253,858
7|**Restricted**
**£**
-
329,194|**2023**
**Total**
**£**
**17,301**
**583,052**
**7**
**600,360**
**659,671**
**-**
**659,671**
**(59,311)**
**137,102**
**77,791**|2022
Total
£
11,740
618,705
12|
|---|---|---|---|---|
||**271,166**|**329,194**||630,457|
||274,109|385,562||581,069|
||**274,109**|**385,562**||581,069|
||**(2,943)**
38,006|**(56,368)**
99,096||49,388
87,714|
||**35,063**|**42,728**||137,102|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
12
## **Home-Start Barnet Balance sheet**
## **As at 31 March 2023**
|**Note**
**Fixed assets:**
**11**
**Current assets:**
**12**
**Liabilities:**
**13**
**15**
Restricted funds
Unrestricted funds:
**Total funds**
Tangible assets
**Funds**
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
**Net current assets / (liabilities)**
**Total net assets / (liabilities)**|**2023**
**£**
**10,594**
**113,188**|**2023**
**£**
**7,441**
**70,350**|2022
£
29,367
111,545|2022
£
6,678
130,424|
|---|---|---|---|---|
||**123,782**
**(53,432)**||140,912
(10,488)||
||||||
|||**77,791**||137,102|
|||**42,728**
**35,063**||99,096
38,006|
|||**77,791**||137,102|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements have been prepared in accordance with the special provisions applicable to Companies subject to the small companies regime.
Approved by the trustees on **11th December 2023**
and signed on their behalf by:
## **Julia Roberts (Chair of Home-Start Barnet)**
## **Company registration no. 05379764**
The attached notes form part of the financial statements.
13
## **Home-Start Barnet Statement of cash flows As at 31 March 2023**
## **Reconciliation of net income to net cash flow from operating activities**
|Note
**Net cash provided by (used in) operating activities**
**Cash and cash equivalents at the end of the year**
**Net income (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Depreciation charges
Decrease (Increase) in debtors
Increase / (Decrease) in creditors
**Cash flows from operating activities**
**Net cash provided by (used in) operating activities**
**Cash flows from investing activities:**
Purchase of fixed assets
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year|**2023**
**£**
**(59,311)**
**2,084**
**18,773**
**42,944**|2022
£
49,388
1,670
(20,889)
(57,742)|
|---|---|---|
||**4,490**|(27,573)|
||**2023**
**£**
**4,490**
**(2,847)**|2022
£
**(27,573)**
(1,729)|
||**1,643**
**111,545**|(29,302)
140,847|
||**113,188**|111,545|
14
**Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **1 Accounting policies Basis of preparation**
The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **Company Status**
Home-Start Barnet is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required, but not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year alter he or she ceases to be a member. The members of the company are the trustees (directors) named on page 1 of these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
15
**Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **Accounting policies (continued)**
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them,
- Support costs are those costs incurred directly in suppoit of expenditure on the objects of the charity and include project management.
## **Tangible fixed assets**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows'.
Fixtures and fittings 25% per annum reducing balance basis Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis ofthe use ofthe related assets in those activities.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
16
## **Home-Start Barnet**
## **Notes to the financial statements**
## **For the year ended 31 March 2023**
|**2**
**Detailed comparatives for the statement of financial activities**
2022
Unrestricted
£
**Income from:**
Donations and legacies
11,740
Charitable activities
166,404
Investments
12
**Total income**
178,156
**Expenditure on:**
Charitable activities
206,730
**Total expenditure**
206,730
**Net income / expenditure**
(28,574)
Transfers between funds
-
**Net movement in funds**
(28,574)
Total funds brought forward
66,580
**Total funds carried forward**
38,006
**3**
**Income from donations and legacies**
Unrestricted
Restricted
£
£
Donations & Fundraising
17,301
-
17,301
-|**2**
**Detailed comparatives for the statement of financial activities**
2022
Unrestricted
£
**Income from:**
Donations and legacies
11,740
Charitable activities
166,404
Investments
12
**Total income**
178,156
**Expenditure on:**
Charitable activities
206,730
**Total expenditure**
206,730
**Net income / expenditure**
(28,574)
Transfers between funds
-
**Net movement in funds**
(28,574)
Total funds brought forward
66,580
**Total funds carried forward**
38,006
**3**
**Income from donations and legacies**
Unrestricted
Restricted
£
£
Donations & Fundraising
17,301
-
17,301
-|**2**
**Detailed comparatives for the statement of financial activities**
2022
Unrestricted
£
**Income from:**
Donations and legacies
11,740
Charitable activities
166,404
Investments
12
**Total income**
178,156
**Expenditure on:**
Charitable activities
206,730
**Total expenditure**
206,730
**Net income / expenditure**
(28,574)
Transfers between funds
-
**Net movement in funds**
(28,574)
Total funds brought forward
66,580
**Total funds carried forward**
38,006
**3**
**Income from donations and legacies**
Unrestricted
Restricted
£
£
Donations & Fundraising
17,301
-
17,301
-|2022
Restricted
£
-
452,301
-|2022
Total
£
11,740
618,705
12|
|---|---|---|---|---|
|||178,156
206,730|452,301
374,339|630,457
581,069|
|||206,730|374,339|581,069|
||||||
|||(28,574)|77,962|49,388|
|||-|-|-|
|||(28,574)
66,580|77,962
21,134|49,388
87,714|
|||38,006|99,096|137,102|
|||Restricted
£
-|**2023**
**Total**
**£**
**17,301**|2022
Total
£
11,740|
||17,301|-|**17,301**|11,740|
17
## **Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **4 Income from charitable activities**
|**Income from charitable activities**|||||
|---|---|---|---|---|
|**Grants**
CNWL Transformation Fund
BBC Children in Need
Postcode Society Trust
Pears Recovery Fund
John Lyon's Charity
Awards For All
LB Barnet Family Health
LB Barnet Perinatal Health
Home-Start UK
HSL Berkeley Homes
Hadley Trust
City of London
LB Brent
Garfield Weston
Pears Foundation and DCMS
Chattertotts
Barnet Comminity Innovation Fund(CIF)
Other
Gift Aid
London Borough Camden
Harrow Cimmunity Fund
Universities Student Placement
Young Barnet Foundation
LB Barnet-RBS
**Total income from charitable activities**|Unrestricted
£
35,697
-
-
-
64,800
-
-
-
21,640
69,000
30,000
-
10,000
15,000
-
-
-
-
-
2,311
-
5,410
-
-|Restricted
£
10,000
-
-
116,700
-
83,000
67,000
-
-
-
-
-
-
-
-
6,494
-
-
-
5,000
-
20,000
21,000|**2023**
**Total**
**£**
**35,697**
**10,000**
**-**
**-**
**181,500**
**-**
**83,000**
**67,000**
**21,640**
**69,000**
**30,000**
**-**
**10,000**
**15,000**
**-**
**-**
**6,494**
**-**
**-**
**2,311**
**5,000**
**5,410**
**20,000**
**21,000**|2022
Total
£
67,916
21,598
19,932
10,000
135,250
10,000
65,000
55,000
-
62,500
40,000
6,925
10,000
15,000
12,000
15,833
58,450
7,303
3,898
-
-
2,100
-
-|
||**253,858**|**329,194**|**583,052**|618,705|
## **5 Income from investments**
|**Income from investments**||||
|---|---|---|---|
|Bank interest|Unrestricted
£
7|Restricted
£
-|**2023**
2022
**Total**
Total
**£**
£
**7**
12|
||7|-|**7**
12|
18
**Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **7 Analysis of expenditure Current year**
|Salaries and oncosts
Staff training and other costs
Administrative costs
Projects cost
Volunteer training and other costs
Governance costs
Accountancy fees
Professional fees
Support costs
**Total expenditure**|**Charitable**
**Activities**
**£**
530,446
-
-
12,752
-
-
-
-
543,198
116,473
**659,671**|**Support**
**costs**
**2023**
**Total**
**£**
**£**
-
**530,446**
26,522
**26,522**
57,321
**57,321**
-
**12,752**
3,382
**3,382**
-
**-**
11,607
**11,607**
17,641
**17,641**
**-**
116,473
**659,671**
(116,473)
**-**
**-**
**659,671**|2022
Total
£
477,698
10,104
55,436
15,853
6,802
45
7,555
7,577|
|---|---|---|---|
||||581,069
-|
||||581,069|
Of the total expenditure, £274,109 was unrestricted (2022: £206,730) and £385,562 was restricted (2022: £374,339).
## **7a Analysis of expenditure Prior year**
|Salaries and oncosts
Staff training and other costs
Administrative costs
Events and outings
Projects cost
Volunteer training and other costs
Governance costs
Accountancy fees
Professional fees
Support costs
Total expenditure|Charitable
Activities
£
477,698
-
-
15,853
-
-
-
-
493,551
87,519
581,069|Support
costs
2022
Total
£
£
-
477,698
10,104
10,104
55,436
55,436
-
-
-
15,853
6,802
6,802
45
45
7,555
7,555
7,577
7,577
87,519
581,069
(87,519)
-
-
581,069|2021
Total
£
499,697
13,513
58,555
-
7,223
9,609
442
9,766
8,645|
|---|---|---|---|
||||607,450
-|
||||607,450|
19
**Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **8 Net income / (expenditure) for the year**
|This is stated after charging / (crediting):
Depreciation
**9**
Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other employee benefits
**Analysis of staff costs, trustee remuneration and expenses,**
**and cost of key management personnel**
One employee received employee benefits more than £60,000 during the year.
£60,000 - £69,999|**2023**
**£**
**2,084**
**2023**
**£**
**482,076**
**35,439**
**12,931**
-
**530,446**
**2023**
**No.**
**1**|2022
£
1,670
2022
£
436,799
26,238
14,661
-|
|---|---|---|
|||477,698|
|||2022
No.
1|
The total employee benefits including pension contributions of the key management personnel were £68,585 (2022: £nil).
The charity trustees were not paid or received any other benefits from employment with the Trust in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).
## **Staff numbers**
The average number of employees during the year was as follows:
||**2023**|2022|
|---|---|---|
||**No.**|No.|
|Charitable activities|**22**|18|
## **10 Taxation**
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
20
**Notes to the financial statements For the year ended 31 March 2023**
## **Home-Start Barnet**
|**11 Tangible fixed assets**
**Cost**
At the start of the year
Additions in year
At the end of the year
**Depreciation and impairment**
At the start of the year
Charge for the year
At the end of the year
**Net book value**
**At the end of the year**
At the start of the year
All of the above assets are used for charitable purposes.
**12 Debtors**
Trade debtors
Prepayments
Accrued income
**13 Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security
Accruals
Deferred income
**Deferred income**
Balance at the beginning of the year
Amount deferred in the year
Amount released to income in the year
Balance at the end of the year|Fixtures
and fittings
£
10,807
2,847
13,654
4,129
2,084
6,213
7,441
6,678
**2023**
**£**
-
-
10,594
**10,594**
**2023**
**£**
12,522
2,470
1,440
37,000
**53,432**
**2023**
**£**
-
37,000
-
**37,000**|**Total**
**£**
**10,807**
**2,847**|
|---|---|---|
|||**13,654**|
|||**4,129**
**2,084**|
|||**6,213**|
|||**7,441**|
|||6,678|
|||2022
£
808
6,250
22,309|
|||29,367|
|||2022
£
6,468
2,508
1,512
-|
|||10,488|
|||2022
£
34,699
-
(34,699)|
|||-|
21
**Home-Start Barnet Notes to the financial statements For the year ended 31 March 2023**
## **14 Analysis of net assets between funds Current year**
|**Current year**
Tangible fixed assets
Net current assets
**Net assets at the end of the year**
Analysis of net assets between funds
prior year
Tangible fixed assets
Net current assets
Net assets at the end of the year
**15 Movements in funds**
**Current year**
**Restricted funds:**
**Total restricted funds**
**Unrestricted funds**
**Total unrestricted funds**
**Total funds**
Movements in funds
Prior year
Restricted funds:
Total restricted funds
Unrestricted funds
Total unrestricted funds
Total funds|£
99,096
**At the**
**start of**
**the year**|£
329,194
**Income**|**General**
**unrestricted**
£
7,441
27,622|**Restricted**
£
-
42,728
42,728
Restricted
£
-
99,096
99,096
£
-
**-**
-
**-**
**-**
£
-
-
-
-
-
**Transfers**
Transfers|**Total**
**funds**
**£**
7,441
70,350|
|---|---|---|---|---|---|
||||35,063||**77,791**|
||||General
unrestricted
£
6,678
31,328||Total
funds
£
6,678
130,424|
||||38,006||137,102|
||||£
385,562
**Expenditure**||£
-
42,728
**At the**
**end of**
**the year**|
||**99,096**|**329,194**|**385,562**||**42,728**|
||38,006|271,166|274,109||35,063
-|
||**38,006**|**271,166**|**274,109**||**35,063**|
|||||||
||**137,102**|**600,360**|**659,671**||**77,791**|
||21,134
At the
start of
the year|452,301
Income|374,339
Expenditure||£
99,096
-
At the end
of the year|
||21,134|452,301|374,339||99,096|
||66,580|178,156|206,730||38,006|
||66,580|178,156|206,730||38,006|
|||||||
||87,714|630,457|581,069||137,102|
## **17 Related party transactions**
There are no related party transactions to disclose for 2023 (2022: none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
22