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← Home-Start Barnet

2025-03-31-accounts

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 2025

1

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

Contents

For the year ended 31 March 2025

Page
Legal and administrative information 3
Trustees report 4-11
Independent examiners’ report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statement 16-24

2

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

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, MBE, DL, FCT Trustees Christina Bach Julia Roberts Karen Gubbay David Raff (Resigned 27 June 2024) Karen Lewis (Resigned 27 June 2024) Clare Barber (Appointed 30 July 2024/Resigned 31 March 2025) Raphael Harris FCA (Resigned 20 November 2024) Janine Waterman (Resigned 20 November 2024) Fatjona Borizani (Appointed 27 January 2025) Joanne Natalie Overton (Appointed 27 January 2025) Emma Louise Power (Appointed 27 January 2025) Silvia Schehrer (Appointed 27 January 2025) Company Secretary Guljabeen Rahman Accountant Accountability Europe Limited Omnibus Workspace, 39-41 North Road London N7 9DP Banks 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 2025

TRUSTEES REPORT

The Trustees present their report and accounts of the company for the year ended 31 March 2025.

Structure and Governance

Home-Start Barnet was incorporated as a company limited 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 Trustee should serve for more than three consecutive terms of three years.

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. It was agreed by special resolution that the maximum number of trustees on the Board should be increased from eight to twelve, in order to facilitate the diversification of the Board in terms of representation, skills and experience.

During the year, five new Trustees were appointed, and we welcomed Fatjona Borizani, Joanne Natalie Overton, Emma Louise Power, Silvia Schehrer and Clare Barber to the Board. Five trustees also resigned during the year: David Raff, Karen Lewis, Janine Waterman, Clare Barber and Raphael Harris (Treasurer). Christina Bach had agreed to cover the role of Interim Chair until the AGM in November 2025, to allow time for a new Chair to be recruited. Julia Roberts agreed to stay on as Vice Chair during this transitional period, providing continuity and support to a relatively new Board.

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 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

4

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

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 objectives. 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

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 Home-Start 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:

Objectives and Activities

Home-Start Barnet's vision is that all families are able to give their children the very best start in life. With the support of a network of committed volunteers, we provide emotional and practical support and opportunities for connection, so that families in Brent, Barnet and Harrow have the tools to create longlasting positive changes for themselves.

As part of our holistic approach to parenting we continued to provide additional and alternative support to

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Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

families including:

Our model is informal and flexible, meeting the needs of the culturally diverse communities we serve across Barnet, Brent 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 15 members of staff, including 5 full-time and 10 part-time employees, 24 social worker students and a network of 82 volunteers who worked in line with the quality assurance standards and methods of practice as regulated by Home-Start UK.

Achievements and Performance Family Support

6

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

Volunteering Highlights

Over 80 volunteers supported the organisation this year:

Staff Development

As part of our commitment to continuous improvement and best practice, training undertaken by staff members this year included:

Financial Review

The Charity had £647,123 income (2024 - £540,931), and £548,986 expenditure (2024 - £546,391) this year. There was a total surplus of £98,137 (2024 - deficit of £5,460). It includes £13,036 surplus related to restricted funds and the unrestricted surplus for the year is £85,101. This is explained further in our Financial Statements on pages 12.

The Charity now has total funds of £170,468 (2024 - £72,331) which is a significant improvement on the previous year. The Trustees aim to maintain sufficient unrestricted funds to safeguarding Home-Start Barnet’s ongoing work. The Trustees have set target reserves to cover three months’ future expenditure (£124,000) with the aim of reaching this level over the next couple of years. At 31 March 2025, unrestricted funds were £95,224. 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

Our work has been supported by diverse funding sources, including:

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Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

Home-Start Barnet could not have made the same impact without the fundraising efforts and in-kind support provided by so many of our supporters and partners. We are particularly grateful to:

We would also like to acknowledge all the individual donations we have received during the year including legacy donations and those who have participated in challenge events to raise funds on our behalf.

Reserves Policy

Trustees of Home-Start Barnet have agreed that a minimum reserve, equivalent to three months’ costs, should be maintained. The Trustees regularly review the requirement to maintain reserves having regard to the main operational risks faced by the charity. The Trustees have asked the CEO to monitor this requirement and agreed that, should circumstances change, a temporary reduction in the minimum reserve can be put in place until the next Trustee Board meeting. Capital commitments agreed by Home Start Barnet on 31 March 2025 were nil (2024 - Nil).

8

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

Investment Policy

Any funds not readily needed are transferred to an interest-bearing account. These funds are closely monitored. However, the Charity's revenue from this source is negligible. The Trustees believe that low risk investments best suit the organisation’s present needs.

Future Plans

The Trustees plan to continue the activities outlined above in the forthcoming years, subject to satisfactory funding arrangements. After several challenging years, in terms of finances and staff resources, we feel that the charity is in a much stronger position. However, we cannot become complacent, so we will continue to increase the level of reserves through unrestricted funds, income diversification, donations and careful financial management.

We are confident in the skills and expertise that the new Trustees bring to the Board, and the impact their engagement will have on our collective impact in years to come. With their guidance, we plan to finalise our new 3-year strategic plan and ensure that the values and core objectives are embedded at every level of the organisation. We will also ensure that Trustees have knowledge, capacity and confidence in areas of financial governance, organisational management and strategy.

We will work with local families most in need of wellbeing support , providing meaningful emotional and practical support, carefully tailored to what each family needs. We know that it is important to take the time to get to know each family’s circumstances and context, and to have expert staff who are able to use their judgement on what is needed and the right forms of support. In order to meet the availability and needs of different families, including working parents, we will provide inclusive, flexible support. We aim to introduce more evening and out of hours support (at least 3pm-6pm) this year. We will also work towards offering weekend provision to allow us to better support working parents and school-aged children.

To respond to the increased isolation we have observed, we will have a renewed focus on this service area during this strategic period. We will expand our group work in order to provide opportunities for parents to connect with each other, and for children to meet other children and interact with adults. We will focus on providing families with opportunities to take part in new experiences, such as trips to the seaside. We will provide opportunities for children to take part in new sensory experiences, while building parents’ confidence to try to new things. We will develop our resources and support for children in the early years, supporting children and their families to be ready to start school.

We know that holiday periods can be particularly isolating and lonely for some families, so we will embed year-round provision including summer and Christmas holidays. During summer holidays we will provide sessions every week.

Volunteers are an integral part of our organisation and to our support for local families. We will increase the overall number of volunteers recruited and trained to support our work during this period, focussing on recruiting a diverse pool of volunteers who are reflective of the demographics and experiences of our service users. For instance, we will focus on recruiting dads, volunteers who speak different languages, previous service-users and those with a diverse range of backgrounds and experiences to best meet the needs of families. We will focus on recruiting volunteers who are able to meet the availability of families, for instance visiting in evenings or weekends, as well as during the day.

We want volunteers to have a great experience of working with us, and to have the training and support they need to be able to meet the needs of families effectively. We will ensure that all volunteers receive specialist training in key areas such as trauma-informed practice, key child developmental stages and

9

Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

school readiness, and mental health. We will implement and embed refresher training for all volunteers once they have been with us for a year.

Building effective partnerships with a range of stakeholders will be key to our success over the coming years. We will continue to build strategic and operational links in Brent and Harrow in particular, in order to deepen our connections and understanding of these areas. Having worked in Barnet for many years we already fully embedded here, and we want to increase our links in Brent and Harrow to ensure consistency across our area of benefit. We will increase our visibility and raise awareness in all boroughs in order to develop referral pathways and recruit more volunteers.

We will further develop our relationships with Family Wellbeing Centres and health visitors. Developing relationships with schools will help support our work on school readiness and support for children in the early years in particular. There are also considerable opportunities to work with schools to recruit volunteers, and we will continue to explore this, along with other volunteer pipelines with partner organisations.

We will continue to share good practice with other Home-Starts as well as other organisations, building on existing links, and regularly sharing resources and expertise, to improve the overall offer locally.

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 meet 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:

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.

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Home-Start Barnet Trustees’ Annual Report For the year ended 31 March 2025

In so far as the Trustees are aware:

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 23 September 2025 and signed on its behalf by:

..............................................................

Christina Bach - Chair of Home-Start Barnet

11

Home-Start Barnet Independent Examiner’s Report For the year ended 31 March 2025

I report to the Trustees on my examination of the accounts of Home-Start Barnet for the year ended 31 March 2025.

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

Since the Charitable company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

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: 18 November 2025

12

Home-Start Barnet

(A company limited by guarantee)

Statement of financial activities For the year ended 31 March 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Total
Note £ £ £ £
Income from:
Donations and legacies 3 19,820 - 19,820 15,789
Charitable activities - Grants 4 108,176 516,528 624,704 524,584
Investment income 5 2,599 2,599 559
Total income 130,595 516,528 647,123 540,931
Expenditure on:
Charitable activities 6 45,494 503,492 548,986 546,391
Total expenditure 6 45,494 503,492 548,986 546,391
Net income / (expenditure) for the year
7 85,101 13,036 98,137 (5,460)
and net movement in funds
Reconciliation of funds:
Total funds brought forward 10,123 62,208 72,331 77,791
Total funds carried forward 95,224 75,244 170,468 72,331
----- End of picture text -----

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.

13

Home-Start Barnet

Balance sheet As at 31 March 2025

Note
Fixed assets:
10
Current assets:
11
Accrued Income
Tangible assets
Debtors
Cash at bank and in hand		 2025
£
12,616
171,383		 2025
£
7,168		 2024
£
-
20,700
50,259		 2024
£
9,556
Liabilities:
12
Creditors: amounts falling due within one year		 183,999
(20,700)		 70,959
(8,184)
Net current assets / (liabilities) 163,300 62,775
Total net assets / (liabilities) 170,468 72,331
Restricted funds
Unrestricted funds:
Funds		 75,244
95,224		 62,208
10,123
14
Total funds		 170,468 72,331

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 September 2025

and signed on their behalf by:

Christina Bach - Chair of Home-Start Barnet

Company registration no. 05379764

The attached notes form part of the financial statements.

14

Home-Start Barnet Statement of cash flows As at 31 March 2025

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		 2025
£
98,137
2,388
8,084
12,516
121,124
2025
£
121,124
-
121,124
50,259
171,383		 2024
£
(5,460)
3,184
(10,106)
(45,248)
(57,630)
2024
£
(57,630)
(5,299)
(62,929)
113,188
50,259

15

Home-Start Barnet Notes to the financial statements For the year ended 31 March 2025

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.

16

Home-Start Barnet Notes to the financial statements For the year ended 31 March 2025

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:

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 account.

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.

17

Notes to the financial statements For the year ended 31 March 2025

Home-Start Barnet

----- Start of picture text -----
2 Detailed comparatives for the statement of financial activities
2024 2024 2024
Unrestricted Restricted Total
£ £ £
Income from:
-
Donations and legacies 15,789 15,789
Charitable activities 129,704 394,880 524,584
Investments 559 - 559
Total income 146,051 394,880 540,931
Expenditure on:
Charitable activities 170,991 375,400 546,391
Total expenditure 170,991 375,400 546,391
Net income / expenditure (24,940) 19,480 (5,460)
Transfers between funds - - -
Net movement in funds (24,940) 19,480 (5,460)
Total funds brought forward 35,063 42,728 77,791
Total funds carried forward 10,123 62,208 72,331
3 Income from donations and legacies
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
-
Donations & Fundraising 19,820 19,820 15,789
-
19,820 19,820 15,789
----- End of picture text -----

18

Home-Start Barnet Notes to the financial statements For the year ended 31 March 2025

4 Income from charitable activities

Grants
CNWL Transformation Fund
BBC Children in Need
Harrow Givings- Optivita
Harrow Warm Community Hub
Cadent Funding
John Lyon's Charity
Awards For All
LB Barnet Family Health
LB Barnet Perinatal Health
West Hendon Community Fund
The Henry Smith Charity
HSL Berkeley Homes
Hadley Trust
City Bridge Trust
LB Brent Family Solutions
Garfield Weston
LB Barnet Mental Health Awareness
Home Start UK Volant
Home-Start Kernow
London Borough Camden
Harrow Community Fund
Middlesex University/ SBU
Other Income
Total income from charitable activities
LB Brent Parent & Infant Mental Health(PIMH)		 Unrestricted
£
-
-
-
-
4,500
-
-
-
-
-
-
10,000
30,000
-
20,000
20,000
-
-
-
-
-
22,400
1,276
108,176		 Restricted
£
-
-
10,000
9,957
-
195,000
20,000
74,000
60,500
13,733
22,500
-
-
37,500
-
-
33,338
40,000
-
-
-
-
-
516,528		 2025
Total
£
-
-
10,000
9,957
4,500
195,000
20,000
74,000
60,500
13,733
22,500
10,000
30,000
37,500
20,000
20,000
33,338
40,000
-
-
-
-
22,400
1,276
624,704		 2024
Total
£
4,400
10,000
-
-
-
167,600
10,000
74,000
60,500
6,280
-
36,800
30,000
-
20,000
-
16,500
40,000
85
2,033
3,347
10,000
26,120
6,919
524,584

5 Income from investments

Bank interest Unrestricted
£
2,599
2,599		 Restricted
£
-
-		 2025
2024
Total
Total
£
£
2,599
559
2,599
559

19

Home-Start Barnet Notes to the financial statements For the year ended 31 March 2025

6 Analysis of expenditure Current year

Salaries and oncosts
Staff training and other costs
Administrative costs
Projects cost
Volunteer training and other costs
Accountancy fees
Professional fees
Support costs
Total expenditure		 Charitable
Activities
£
413,609
-
-
30,151
-
-
-
443,760
105,226
548,986		 Support
costs
2025
Total
£
£
-
413,609
15,780
15,780
62,222
62,222
-
30,151
3,584
3,584
13,440
13,440
10,200
10,200
105,226
548,986
(105,226)
-
-
548,986		 2024
Total
£
385,086
23,867
48,806
15,822
3,313
13,540
55,957
546,391
-
546,391

Of the total expenditure, £45,494 was unrestricted (2024: £170,991) and £503,492 was restricted (2024: £375,400).

6a Analysis of expenditure Prior year

Salaries and oncosts
Staff training and other costs
Administrative costs
Projects cost
Volunteer training and other costs
Accountancy fees
Professional fees
Support costs
Total expenditure		 Charitable
Activities
£
385,086
-
-
15,822
-
-
-
400,908
145,484
546,392		 Support
costs
2024
Total
£
£
-
385,086
23,867
23,867
48,806
48,806
-
15,822
3,313
3,313
13,540
13,540
55,957
55,957
145,484
546,391
(145,484)
-
-
546,391		 2023
Total
£
530,446
26,522
57,321
12,752
3,382
11,607
17,641
659,671
-
659,671

20

Notes to the financial statements For the year ended 31 March 2025

Home-Start Barnet

This is stated after charging / (crediting):
Depreciation
Independent examination fees (excluding VAT)
8
Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
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.		 2025
£
2,388
750
2025
£
376,896
25,728
10,985
413,609
2025
No.
1		 2024
£
3,184
750
2024
£
355,345
19,109
10,632
385,086
2024
No.
1

The total employee benefits including pension contributions of the key management personnel were £66,723 (2024: £65,703).

The charity trustees were not paid or received any other benefits from employment with the Trust in the year (2024: £nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Staff numbers

The average number of employees during the year was as follows:

2025 2024
No. No.
Charitable activities 15 17

9 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

21

Notes to the financial statements For the year ended 31 March 2025

Home-Start Barnet

10 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.
11 Debtors
Prepayments
Other Debtors
12 Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Accruals
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
£
18,954
-
18,954
9,397
2,388
11,786
7,168
9,556
2025
£
7,146
5,470
12,616
2025
£
14,833
1,587
4,280
20,700
2025
£
-
-
-
-		 Total
£
18,954
-
18,954
9,397
2,388
11,786
7,168
9,556
2024
£
-
20,700
20,700
2024
£
5,298
1,446
1,440
8,184
2024
£
37,000
-
(37,000)
-

22

Notes to the financial statements For the year ended 31 March 2025

Home-Start Barnet

13 Analysis of net assets between funds
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
14 Movements in funds
Current year
£
Restricted funds:
62,208
Total restricted funds
62,208
Unrestricted funds
10,123
Total unrestricted funds
10,123
Total funds
72,331
Movements in funds (Continued)
Movements in funds
Prior year
Restricted funds:
42,728
Total restricted funds
42,728
Unrestricted funds
35,063
Total unrestricted funds
35,063
Total funds
77,791
At the
start of
the year
At the
start of
the year		 £
516,528
516,528
130,595
130,595
647,123
394,880
394,880
146,051
146,051
540,931
Income
Income		 General
unrestricted
£
7,168
88,056
95,224
General
unrestricted
£
9,556
567
10,123
£
503,492
503,492
45,494
45,494
548,986
375,400
375,400
170,991
170,991
546,391
Expenditure
Expenditure		 Restricted
£
-
75,244
75,244
Restricted
£
-
62,208
62,208
£
-
-
-
-
-
£
-
-
-
-
Transfers
Transfers		 Total
funds
£
7,168
163,300
170,468
Total
funds
£
9,556
62,775
72,331
£
-
75,244
75,244
95,224
-
95,224
170,468
£
62,208
62,208
10,123
10,123
72,331
At the
end of
the year
At the end of
the year

23

Home-Start Barnet Notes to the financial statements For the year ended 31 March 2025

15 Related party transactions

There are no related party transactions to disclose for 2025 (2024: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

24