REGISTERED COMPANY NUMBER: 05283272 (England and Wales) REGISTERED CHARITY NUMBER: 1109568 Report ofthe Trustees and Flnanclal Statements for the Year Ended 31st March 2024 for HOME-START WESTMINSTER, KENSINGTON & CHELSEA AND HAMMERSMITH & FULHAM HOME-START wE￿MINsTER, KENSINGTON & CHELSEAAND HAMMERSM￿H & FULHAM Contents of the Flnanclal SL7tements for the year ended 31st March 2024 Page Report of the Trustees Ststement of Trustee5' Responsibilities Report of the Independent Auditors Statement of Financial Activitie5 io Balance Sheet li Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Flnancial Statements 14 to 22 Detalled Statement of Flnanclal Actlvlties 23 IOME-START WESTMINSTER, KENSINGTON & CHELSEA AND HAMMERSMITH & FULHAM Report of the Trustees forthe year ended 31st March 2024 The trustees who are also dlrectors 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 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. oBJE￿IVES AND ACTIVITIES Oblettlves and alms To offer support and friendship to ANY local family, with at least one child under S, who need5 us. We airn to make positive impact on the emotional and physical development of chlldren from pre-birth to pre-school, and on their parents. Standards and method5 of practlce Home-5tart Westminster, Kensington & Chelsea and Hammersmith & Fulham I"Home-Start WKCHF'I work with families living in the London Boroughs of Westminster, Kensington & Chelsea and Hammersmith & Fulham who are experiencing difficulties and who are expecting a baby or have at least one child under the age of 5. Home-start WKCHF is an independent voluntary organisation, which works towards the increased confidence and Independence of the family through our core seNice5 of advocacy and retruitingl tralning and matching volunteers to undertake home-visiting or providing therapy. The volunteer, who is supervised by an experienced co-ordinator, will- Vi51t the family regularly in their own homes where the dignrty and identity of each individual can be resperted and protected. Reassure parents that difficulties In bringing up children are not unusual and encouraging enjoyment in family life. Develop a relationship with the family in which time can be shared and understanding can be developed; the approach 15 flexible to take account of different needs. Encourage the parents, strengths and emotional wellbeing for the ultimate benefit of their children. Encour3ge families to widen their network of relationships and to use effectively the support and seNices available within the community. Provide therapy to families who wouldn't normally be able to access this service, to help cope with mental health difficultie5. Page I HOME-START WESTMINSTER, KENSINGTON & CHELSEA AND HAMMERsM￿H & FULHAM Report of the Trustees for the year ended 3tst March 2024 OBJEcfivE5 AND AcrivmES Charltable actlvities Chair's Report Year 2023124 l am pleased to report that Home-St3rt Westminster. Kensington & Chelsea and Hamrnersmith & Fulharn 5UPPOrted 239 families during the year to 31st March 2024. Our support had a broad range of positive impacts including 71% of parents able to manage their children's behaviour better. 81% of families becoming less isolated and 81% making better use of local services. The work of our growing. dedicated staff team has delivered these high-quality result5. either via their supervision and support of our exceptional volunteers, or through their dirert support to families. With the continuing challenge of a nationwide volunteer shortage. they have had to step in and offer interim support to families to a greater extent than in the past. I continue to appreciate the professionalism of our trustees whether at board meetings. serving on our Finance, Funding and HR Committees, or providing other muth needed ad hoc 5UPPOrt. Committees provide an extra focus on key areas of work. During the year a new committee was set up to set up to address issues around Volunteers. None of our work v4ould be possible viithout the support of our funders. several of whom have provided long-standin& consistent support vlhich is invaluable in a tough financial climate. We V￿uld like to thank in particular the John Armitage Charitable Trust, the John Lyons Charity. the National Lottery Community Fund. and the Westminster Adult Education Service for their continued support. We are also grateful for the financial support from local authorities in which we operate, in particular the Royal BorouEh of Kensington and Chelsea who have supported us since 2014. As always. we constantly seek to widen the diversity of ftjnding sources and are gratefvl for continuing support in cash and in kind to a range of local businesses. Treasurers Report and Financial Review Home-start Westminster, Kensington & Chelsea and Hammersmith & Fulham aims to raise income to support its charitable objectives from a variety of sources including trusts and foundations. government. businesses and private individuals. The charity started the year with 54% of the 2023124 funding requirement in place and an optimism in the ability to grow reserves to meet our reserve policy. Unfortunately, the year did not proceed as planned with 3, multi-year applications, failing to raise critical funding. Due to this funding gap. an organisational review was held at the end of 2023 resulting in a team restructure and applications made for emergency funding. The restrurtured team along with support from longstanding donors allowed us to end the year positively with 2023/24 income of £617,551 up from £327.229 in the previous year. which includes unrestricted funding of £35.000 that relates to services scheduled to be provided after the year end. This grovrth in income has been both significant and required given the deficit in the prior year and the ongoing cost of delivering services. Expenditure in the year grew by 14% to £477,219 12022123 £419.018) as the number of families SUPF)Orted grew by 13%. Part of the growth in cost per family supported is due to the ongoing Struggle to recruit volunteers in a sector which has a greater demand for volunteers than numbers available. Thi5 results in paid staff bridging volunteer gaps to maintain a quality service delivery. Resetves at the year end stood at £275.106 of which £24,270 was restricted. ReseNes policv The charity operates 3 policy of maintaining free reseryes amounting to six month5 of operating costs. to enable management to ma intain a consistent level of service5 Wlth a flurtuating income stream, as well as providing sufficient resources to cover the costs of an orderly wind down. The surplus for the year has led to an increase in reserve levels to £275,106. of which £250,836 is unrestrirted. This equates to the target reserves level of six rnonth5 of operating costs. Page 2 HOME-sfART WE5fMINSTER. KENSINGT0fr4 & CHELSEA AND HAMMERSM￿H & FULHAM Report of the Trustees for the year ended 31st March 2024 oBJE￿IVEs AND AcnvmES Publlc benefft Home-Start WKCHF provide5 a range of services to the local community as it aims to improve the lives of local families. We continue to supply services across three boroughs - Westminster. Kensington & Chelsea and Hammer5mith & Fulham to any family expecting a baby or with a child under the age of S who needs It because they are experiencing emotion31 or prartical difficulties. In addition to our core service of home visiting we offer our Burnp-5tart support Service for mothers from pregnancy through to the child's 1st birthday. This programme aims to give all babies the best start in life. Referrals to our programmes come primarily from statutory bodies such as health and social services but are open to self-referrals. We provide a wide variety of benefits, rangin8 from the provision of parenting support to improved health & wellbeing including therapy and specific training on current issues such as budgeting. The charity has considered the Charity Commission's general Euidance on public benefit in setting its objective5 and planning its activities. STRUCTURE. GOVERNANCE AND MANAGEMEKr Status and governing document The organisation is a charitable company limited by guarantee. incorporated on 10 November 2004 and registered as 3 harity on 20 May 2005. The company was established under a Memorandum of Association which established the objertives and powers of the charitable company and is Eovemed under its Articles of Association. Dirertors and trustees Under the Memorandum & Articles of Association. the offi￿r5 of the charity {Chair. Treasurer and Company Secretary) are appointed by the Trustees. The Trustees according to the Articles of Association are elected by the members of the charity attending the Annual General Meeting. The training and induction of Trustees will depend on their existing experience. Under the Articles of Association, one third of the trustees retire by rotation at each Annual General Meeting. The Tnjstees may co-opt any person duly qualified to be appointed as Trustee and that person will hold office until the next Annual General Meeting. Once appointed,trustees will be supported by the Board of Tru5tee5 in any area of induction or training needed. The Trustees meet bi-monthly to ensure the compliano with the Memorandum and Article5 and the policies of Homtrstart. The day to day operation within the policies, forward plan and budgets are delegated to the Scheme Manager. REFERENCE AND ADMINisfRATIVE DETAILS Reglstered Company number 05283272 (England and Walesl Registered Charity nurnbef 1109568 Registered office St Paul's Church Centre R055more Road London NWI 6NJ Page 3 HOME-5TART WESTMINSTER, KEN51NGTON & CHELSEAAND HAMMERSMITH & FULHAM Report of the Trustees for the year ended 31st March 2024 Trustees The trustees who have served during the year and to the date of this report: Christina Smyth Tinuke Bell Denise Loewen 151a Johns Uwa Adedeji Elizabeth Jarvis Rob Bradshaw S31eem Khalid Daphine Aikens MBE Stephen Miley OBE Chair Treasurer HR Resigned 19 January 2023 Resigned 17 March 2023 Resigned 30 March 2023 - Appointed 30 March 2023 Company Secretary Emily Hender50n PatTOTr Baroness Floella Benjamln Flnance/Fundralsln8 Committee Tinuke Bell Christina Smyth Thienhuong Nguyen Fiazah Pervez Lucy Allison HR Committee Denise Loewen Chr15tina Smyth Thienhuong Nguyen Audltors Simpson Wreford & Partners Chartered Accounta nts & Statutory Auditors Suffolk House George Street Croydon Surrey CRO OYN Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA Page 4 HOME-START WESTMINSTER, KENSINGTON & CHELSEA AND HAMMERSMITH & FULHAM Report of the Trustees for the year ended 31st March 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 26th September 2024 and signed on its behalf by: C Smyth - Trustee Page 5 HOME-START WESTMINSTER. KENSINGTON & CHELSEA AND HAMMER5MThH & FULHAM Statement of Trustees. Responsibilities for the year ended 31st March 2024 The trustee5 Iwho are also the directors of Home-start We5tmin5ter, Kensington & Chelsea and Hammersmith & Fulham for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial Statements in accordance with applicable law and United Kingdom knounting Standards Iunited Kingdom Generally Accepted Accounting Practice). CoThp3ny law requires the trustees to prepare financial statement5 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 lor that period. In preparing those financial statements. the trustee5 are required to select suitable accounting policies and then apply them con515tently: L)bserve the methods and principles in the Chartty SORP- n)ake judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unle55 it is inappropriate to presurne that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tak•ng reasonable Steps for the prevention and detertion 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 i nformation and to establish that the auditors are aware of that information. Page 6 Report of the Independent Auditors to the Members of Horn￿$tart Westminster, Kensington & Chelsea and Hamrnersmith & Fulham Opinion We have audited the financial ststements of Home-start Westminster, Kensington & Chelsea and Hammersmith & Fulham (the 'charitable company'l for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statement5= give a true and fair view of the state of the charitable company's affair5 as at 315t March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Prattice,. and have been prepared in accordance with the requirements of the Companies Art 2006. Basis for ¢)pinion We conducted our audit In accordance with International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements sertion of our report. We are independent of the charitable company in accordance with the ethical requirement5 that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the auclit evidence we have obtained is Sufficient and appropriate to provide a basis for our opinion. Concluslon5 relatlng to zolng concern In auditing the financial statements. we have concluded that the trustees. use of the going cOn￿rn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast Sl8nificant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other infomiation The trustees are responsi ble for the other inforniation. The other information comprises the information included In the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not expre55 any form of assurari￿ conclusion thereon. In connettion with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obt3ined in the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this Other information, we 3re required to report that fart. We have nothing to report in this regard. Opinions on ￿her matters prescribed by the Companies Art 2006 In our opinion. based on the work undertaken in the course of the audit: the in*ormation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees h35 been prepared in accordance with applicable legal requirements. Page 7 Report of the Independent AuditOTS to the Members of Home-5tart Westminster, Kensington & Chelsea and Hammersmith & Fulham Matters on which we are required to report by ex￿ption In the light of the knowledge and understsnding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respett of the following matters where the Companie5 Att 2Cx)6 requires us to report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by u5; or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit: or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilitie5 of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial Statements and for being satisfied that they give a true and fair view, and for such internal control a5 the trustees determine 15 nece55ary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable cornpany's ability to continue as a going concem, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do 50. Our responslbllitie5 for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statement5 a5 a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will a Iways detect a material misstatement when it exists. Misstatements can arise from fraud or error and 3re considered material if, individually or in the aggregate, they could reasonably be expected to influence the economit decisions of users ta ken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Due to the inherent limitstions of on audit. there is a risk that we will not detect all irregularities, including those leading to a material rnisstatement in the financial 5tatement5 or non-compliance WFth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be le55 likely to become aware of instante5 of non