COMPANY REGISTRATION NO.: 5400096 (ENGLAND & WALES) CHARITY REGISTRATION NO.: 1109629 (ENGLAND & WALES) ## HOME-START WOKINGHAM DISTRICT ## FINANCIAL STATEMENTS 31 MARCH 2024 ## Home-Start Wokingham District Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2024 |For the year ended 31 March 2024|For the year ended 31 March 2024|||||| |---|---|---|---|---|---|---| |Note Unrestricted||Restricted|2024
Total|Unrestricted|Restricted|2023
Total| ||£|£|£|£|£|£| |Income from:
2
2
2
2
2
2
2
2
2
3
3
Big Lottery Fund TFL
Berkshire Community Fund
Fundraising
Trusts & Foundations
Wokingham Borough Council
Expenditure on:
Other
Total income
Homestart Grants
Donations and legacies
Charitable activities
Donations
Councils & Parishes
Interest
Raising funds
Charitable activities
Big Lottery TFL & Awards for All|-
-
10,000
-
24,261
24,725
25,900
10,844
9,794
2,304
-
107,828|-
-
-
-
-
-
-
-
-
-
-
-
-|-
-
10,000
-
24,261
24,725
25,900
10,844
9,794
2,304
-
107,828
-
-|-
-
10,000
250
33,696
48,248
8,000
12,159
6,350
593
-
119,296|-
21,536
-
-
-
-
-
-
-
-
-
21,536
21,536|-
21,536
10,000
250
33,696
48,248
8,000
12,159
6,350
593
-
140,832
-
21,536| |3
Berkshire Community Fund|10,000|-|10,000|10,000|-|10,000| |3
Homestart Grants
Fundraising|-
-|-
-|-
-|363
31,249|-
-|363
31,249| |3
Wokingham Borough Council|24,725||24,725|48,248||48,248| |3
3
3
Reconciliation of funds:
11
Transfers between funds
Net income / (expenditure) before other
(Increase)/Reduction in reserves
Total funds carried forward
Total expenditure
Net movement in funds
Total funds brought forward
Net income / (expenditure) for the year
Donations
Councils & Parishes
Trusts & Foundations|4,755
-
-
39,480
68,348
-
68,348
(16,983)
51,365
53,156
104,521|-
-
-
-
-
-
-
-
-
-
-|4,755
-
-
39,480
68,348
-
68,348
(16,983)
51,365
53,156
104,521|10,932
15,066
6,350
122,208
(2,912)
-
(2,912)
33,102
30,190
22,966
53,156|1,776
13
-
23,325
(1,789)
-
(1,789)
-
(1,789)
1,789
-|12,708
15,079
6,350
145,533
(4,701)
-
(4,701)
33,102
28,401
24,755
53,156| All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Home-Start Wokingham District Notes to the financial statements ## For the year ended 31 March 2024 - 1 Accounting policies ## a) 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) (effective 1 January 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ## b) Public benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. ## c) 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. ## d) 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. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. ## e) 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. - f) Fund accounting - Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. ## g) Expenditure and irrecoverable VAT 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 raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose - Expenditure on charitable activities includes the costs of delivering services, exhibitions and other educational activities undertaken to further the purposes of the charity and their associated support costs - Other expenditure represents those items not falling into any other heading Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Home-Start Wokingham District Notes to the financial statements ## For the year ended 31 March 2024 - 1 Accounting policies (continued) - h) Allocation of support costs All resources, including the cost of overall direction and administration, are now solely attributable to our core activity of providing support to families, with at least one child under the age of five years, through home visiting services. ## i) Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: - Computer Equipment - Fixtures & Fittings 3 years 5 years ## j) 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. Cash balances exclude any funds held on behalf of service users. ## k) 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. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## l) Pensions The charity participates in The Pensions Trust Growth Plan Scheme, which is a multi-employer scheme which provides benefits to some 1300 non associated participating employers. It is a defined benefit scheme in the UK. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. A full actuarial valuation for the scheme was carried out at 30 September 2014 and showed assets of £793m and liabilities of £970m and a deficit of £177m. We are paying additional contributions of £421.96 per annum (2021: £421.96 per annum) to eliminate our portion of the deficit by 2025 . Home-Start Wokingham District ## Notes to the financial statements ## For the year ended 31 March 2024 - 2 Income from charitable activities |Interest Income
Big Lottery TFL
Fundraising
Wokingham Borough Council
Sub-total for charitable activity
Trusts & Foundations
Donations
Total income from charitable activities
Berkshire Community Fund
Councils - Town & Parish
Sub-total for restricted & un-restricted charitable
activities
Homestart Grants|Unrestricted
£
24,725
10,000
-
25,900
9,794
10,844
81,263
24,261
2,304
26,565
107,828|£
-
-
-
-
-
-
-
-
-
-
-
-
Restricted|2024
Total
£
-
24,725
10,000
-
25,900
9,794
10,844
81,263
24,261
2,304
26,565
107,828|2023
Total
£
21,536
48,248
10,000
250
8,000
6,350
12,159
106,543
33,696
593
34,289
140,832| |---|---|---|---|---| Starting with the year under review, the split between restricted & Unrestricted funding was re-assessed. Previous years' figures have also been accordingly shown for comparison. Home-Start Wokingham District Notes to the financial statements ## For the year ended 31 March 2024 - 3 Analysis of expenditure [the charitable activities should correspond to those itemised for income purposes] ## Charitable activities |Staff costs (Note 5)
Direct cost
Support cost
Governance costs
Total expenditure 2024
Total expenditure 2023|Cost of
raising
funds
£
-
31,249|Big Lottery
TFL
£
-
21,536|Berkshire
Community
Fund
£
10,000
10,000
10,000|Wokingham
Borough
Council
£
22,762
1,762
201
24,725
48,248|Trusts &
Foundations -
Restricted
£
-
1,776|Donations -
Restricted
£
-
13|
Donations -
Unrestricted
£
-
15,066|Home Start
UK
£
-
363|Councils -
Town &
Parish
£
-
6,350|Trusts &
Foundations -
Unrestricted
£
769
3,986
4,755
10,932|2024 Total
£
32,762
1,762
769
4,187
39,480
145,533|2023
Total
£
112,277
23,785
871
8,600
145,533| |---|---|---|---|---|---|---|---|---|---|---|---|---| Home-Start Wokingham District Notes to the financial statements For the year ended 31 March 2024 - 4 Net incoming resources for the year This is stated after charging / crediting: **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Auditors' remuneration (including VAT):| |Independent Examination|500|500| **----- End of picture text -----**
5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows: **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Salaries and wages|27,847|96,775| |Social security costs|825|769| |Employer’s contribution to defined contribution pension schemes|4,090|13,694| |-| |Other forms of employee benefits|1,039| |32,762|112,277| **----- End of picture text -----**
No employee earned more than £60,000 during the year (2023: nil). The total employee benefits including pension contributions of the key management personnel were £32,762 (2023: £112,277). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil). Trustees' expenses represents the payment or reimbursement of general expenses totalling £150 (2023: £25) incurred by 10 (2023: 10) members relating to attendance at meetings of the trustees. ## 6 Staff numbers The average number of employees (head count based on number of staff employed) during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |No.|No.| |Support|3|6| |3|6| |7|Creditors: amounts falling due within one year| |2024|2023| |£|£| |Accruals|500|8,242| |-| |Accounts Payable|4,844| |-|-| |Deferred income (Note 9 below for details)| |500|13,086| **----- End of picture text -----**
Home-Start Wokingham District Notes to the financial statements For the year ended 31 March 2024 - 8 Deferred income Deferred income £nil (2023: £nil) ## 9 Pension scheme The charity participates in The Pensions Trust Growth Plan Scheme, which is a multi-employer scheme which provides benefits to some 1300 non associated participating employers. It is a defined benefit scheme in the UK and HSWD had 4 members in the year. Our liability is £518 which is expected to be cleared by 2025. ## 10. Restricted winding up reserve The charity has a policy of maintaing an adequate reserve of funds for the winding up should there ever be a need to do so. Each year the cost is reviewed and increased or decreased as appropriate. The cost is made up of all necessary expenses such as staff cost & legal or professional charges. ## 11 Movements in funds |Total restricted funds
Total Unrestricted funds
12
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Total funds
Trusts & Foundations
Fundraising
Donations
Councils - Town & Parish
Donations
Homestart Grants
Berkshire Community Fund
Unrestricted funds:
Big Lottery Fund (TFL & Awards for All)
Wokingham Borough Council
Restricted Funds
Trusts & Foundations|At the start
of the year
£
-
-
-
-
-
-
-
-
-
-
53,156
53,156
53,156|Incoming
resources &
gains
£
-
-
-
-
24,725
10,000
-
25,900
9,794
10,844
24,261
105,524
105,524
At 1 April
2023
£
81,579
81,579|Outgoing
resources &
losses
£
-
-
-
-
(24,725)
(10,000)
-
(4,755)
-
-
-
(39,480)
(39,480)
Cash flows
£
55,741
55,741|Interest &
increase in
reserve
£
-
-
-
-
-
-
-
-
-
(14,679)
(14,679)
(14,679)
Other
changes
£
-
-|At the end of
the year
£
-
-
-
-
-
-
-
21,145
9,794
10,844
62,738
104,521
104,521
£
137,320
137,320
At 31 March
2024| |---|---|---|---|---|---| - 13 Legal status of the charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. Home-Start Wokingham District Balance sheet |Balance sheet||||| |---|---|---|---|---| |As at 31 March 2024|||Company no. 5400096|| |Note
Current assets:
Cash at bank and in hand
Accounts Receivable & Prepayments|£
137,320
206|2024
£|£
81,579
316|2023
£| |Liabilities:
7,8
Creditors: amounts falling due within one year|137,526
500||81,895
13,086|| |Net current assets / (liabilities)||137,026||68,809| |Total assets less current liabilities||137,026||68,809| |9
Net assets excluding pension asset / (liability)
Defined benefit pension scheme asset / (liability)||137,026
(518)||68,809
(649)| |Total net assets / (liabilities)||136,508||68,160| |10
11
Unrestricted income funds:
Restricted Winding up reserve
The funds of the charity:||31,987
104,521||15,004
53,156| |Total charity funds||136,508||68,160| **For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.** **No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006.** **The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.** **These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.** Approved by the trustees on and signed on their behalf by Signature A Guna Date 14 June 2024 Trustee Treasurer Signature Chris Jack Chas act Date 14th June 2024 Chair of Trustees