**COMPANY REGISTRATION NUMBER: 05468592 CHARITY REGISTRATION NUMBER: 1110632** 

## **Home-Start Cotswold Ltd Company Limited by Guarantee Financial Statements** 

**31 March 2022** 

**McGILLS** Chartered Accountants Oakley House Tetbury Road Cirencester Gloucestershire GL7 1US 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2022** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and||
|expenditure account)|**4**|
|Statement of financial position|**5**|
|Notes to the financial statements|**6**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**14**|
|Notes to the detailed statement of financial activities|**15**|





## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2022** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2022. 

## **Reference and administrative details** 

|**Registered charity name**|Home-Start Cotswold Ltd||
|---|---|---|
|**Charity registration number**|1110632||
|**Company registration number**|05468592||
|**Principal office and registered**|203 Alexander Drive||
|**office**|Cirencester||
||Gloucestershire||
||GL7 1UH||
|**The trustees**|||
||Mr A R Jones||
||Ms E C Baker||
||Ms C N Ford||
||Mr S D Kaufmann||
||Mrs H C Morris||
||Mrs C M Partridge||
||Mr D A J Pointet|(Appointed 23 June 2021)|
||Mr R G L Waller||
||Mrs F A Blacker|(Resigned 11 March 2022)|
||Mrs C Hall||
|**Independent examiner**|McGills||
||Oakley House||
||Tetbury Road||
||Cirencester||
||Gloucestershire||
||GL7 1US||



## **Structure, governance and management** 

The details of the structure and organisation are included in the accompanying Annual Report. 

## **Objectives and activities** 

Please see the Annual Report for the full objectives and activities of the charity. 

## **Achievements and performance** 

Please see the Annual Report for the achievements and performance for the year ended 31st March 2022. 

**- 1 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **Financial review** 

The accounts show a surplus of £27,948 compared to a surplus of £15,493 in 2021. More details of the financial position of the Charity is given in the Annual Report. 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on 23 June 2022 and signed on behalf of the board of trustees by: 

Mr A R Jones Trustee 

Mr S D Kaufmann Trustee 

**- 2 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Home-Start Cotswold Ltd** 

## **Year ended 31 March 2022** 

I report to the trustees on my examination of the financial statements of Home-Start Cotswold Ltd ('the charity') for the year ended 31 March 2022. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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 financial statements 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. 

McGills Independent Examiner Oakley House Tetbury Road Cirencester Gloucestershire GL7 1US 

30 June 2022 

**- 3 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2022** 

|||**2022**||2021|
|---|---|---|---|---|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|138,552|138,552|105,956|
|Investment income|**6**|6|6|20|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total income**||138,558|138,558|105,976|
|||================================|================================|================================|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|100,669|100,669|85,530|
|Other expenditure|**9**|9,941|9,941|4,953|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total expenditure**||110,610|110,610|90,483|
|||================================|================================|================================|
|||--------------------------------|--------------------------------|--------------------------------|
|**Net income and net movement in funds**||27,948|27,948|15,493|
|||================================|================================|================================|
|**Reconciliation of funds**|||||
|Total funds brought forward||73,662|73,662|58,169|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||101,610|101,610|73,662|
|||================================|================================|================================|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 6 to 12 form part of these financial statements.** 

**- 4 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2022** 

|||**2022**||2021|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|**14**||754|1,250|
|**Current assets**|||||
|Debtors|**15**|726||1,113|
|Cash at bank and in hand||104,421||72,656|
|||--------------------------------||----------------------------|
|||105,147||73,769|
|**Creditors: amounts falling due within one year**|**16**|4,291||1,357|
|||--------------------------------||----------------------------|
|**Net current assets**|||100,856|72,412|
||||--------------------------------|----------------------------|
|**Total assets less current liabilities**|||101,610|73,662|
||||--------------------------------|----------------------------|
|**Net assets**|||101,610|73,662|
||||================================|============================|
|**Funds of the charity**|||||
|Unrestricted funds|||101,610|73,662|
||||--------------------------------|----------------------------|
|**Total charity funds**|**18**||101,610|73,662|
||||================================|============================|



For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on 23 June 2022, and are signed on behalf of the board by: 

Mr A R Jones Trustee 

Mr S D Kaufmann Trustee 

**The notes on pages 6 to 12 form part of these financial statements.** 

**- 5 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2022** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 203 Alexander Drive, Cirencester, Gloucestershire, GL7 1UH. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or 

commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**- 6 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

**- 7 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** _**(continued)**_ 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Plant and machinery - 33% reducing balance Equipment - 25% straight line 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## **Financial instruments** 

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

**- 8 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **3. Accounting policies** _**(continued)**_ 

## **Defined contribution plans** _**(continued)**_ 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## **4. Limited by guarantee** 

The liability of the members is limited by guarantee. 

## **5. Donations and legacies** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|**Donations**|||||
|Trusts and funders|118,903|118,903|95,496|95,496|
|Donations|15,570|15,570|10,322|10,322|
|Fundraising events|1,254|1,254|–|–|
|Gift aid|75|75|138|138|
|**Grants**|||||
|Other revenue|2,750|2,750|–|–|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||138,552|138,552|105,956|105,956|
||================================|================================|================================|================================|
|**Investment income**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Interest income|6|6|20|20|
||==============|==============|==============|==============|
|**Expenditure on charitable activities by fund type**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Support costs|100,669|100,669|85,530|85,530|
||================================|================================|============================|============================|



## **6. Investment income** 

## **7. Expenditure on charitable activities by fund type** 

**8. Expenditure on charitable activities by activity type** 

||Support|**Total funds**|Total fund|
|---|---|---|---|
||costs|**2022**|2021|
||£|**£**|£|
|Governance costs|92,754|92,754|79,129|
||============================|============================|============================|



**- 9 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **9. Other expenditure** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2022**|Funds|2021|
||£|**£**|£|£|
|Staff expenses|2,761|2,761|735|735|
|Volunteer expenses|1,601|1,601|1,097|1,097|
|Home start and other fees|5,275|5,275|1,620|1,620|
|Fundraising|17|17|–|–|
|General expenses|287|287|1,501|1,501|
||-----------------------|-----------------------|-----------------------|-----------------------|
||9,941|9,941|4,953|4,953|
||=======================|=======================|=======================|=======================|
|**Net income**|||||
|Net income is stated after charging/(crediting):|||||
||||**2022**|2021|
||||**£**|£|
|Depreciation of tangible fixed assets|||496|568|
||||==============|==============|
|**Independent examination fees**|||||
||||**2022**|2021|
||||**£**|£|
|Fees payable to the independent examiner for:|||||
|Independent examination of the financial|statements||500|400|
||||==============|==============|



## **10. Net income** 

## **11. Independent examination fees** 

## **12. Staff costs** 

The average head count of employees during the year was 7 (2021: 7). The average number of full-time equivalent employees during the year is analysed as follows: 

||**2022**|2021|
|---|---|---|
||**No.**|No.|
|Number of staff|7|7|
||==============|==============|



No employee received employee benefits of more than £60,000 during the year (2021: Nil). 

## **13. Trustee remuneration and expenses** 

No remuneration was received in the year by the trustees. 

**- 10 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **14. Tangible fixed assets** 

||Plant and|||
|---|---|---|---|
||machinery|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|**At 1 April 2021 and 31 March 2022**|891|1,475|2,366|
||==============|=======================|=======================|
|**Depreciation**||||
|At 1 April 2021|503|613|1,116|
|Charge for the year|128|368|496|
||--------------|-----------------------|-----------------------|
|**At 31 March 2022**|631|981|1,612|
||==============|=======================|=======================|
|**Carrying amount**||||
|**At 31 March 2022**|260|494|754|
||==============|=======================|=======================|
|At 31 March 2021|388|862|1,250|
||==============|=======================|=======================|
|**Debtors**||||
|||**2022**|2021|
|||**£**|£|
|Prepayments and accrued income||726|1,113|
|||==============|=======================|
|**Creditors:** **amounts falling due within one year**||||
|||**2022**|2021|
|||**£**|£|
|Trade creditors||367|178|
|Accruals and deferred income||2,994|400|
|Social security and other taxes||358|281|
|Other creditors||572|498|
|||-----------------------|-----------------------|
|||4,291|1,357|
|||=======================|=======================|



## **15. Debtors** 

## **16. Creditors: amounts falling due within one year** 

## **17. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,724 (2021: £2,326). 

**- 11 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **18. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
|||||**At**|
||At|||**31 March 20**|
||1 April 2021|Income|Expenditure|**22**|
||£|£|£|£|
|General funds|73,662|138,558|(110,610)|<br>101,610|
||============================|================================|================================|================================|
|||||At|
||At|||31 March 20|
||1 April 2020|Income|Expenditure|21|
||£|£|£|£|
|General funds|58,169|105,976|(90,483)|<br>73,662|
||============================|================================|============================|============================|
|**Analysis of net assets between funds**|||||
||||Unrestricted|**Total Funds**|
||||Funds|**2022**|
||||£|**£**|
|Tangible fixed assets|||754|754|
|Current assets|||105,147|105,147|
|Creditors less than 1 year|||(4,291)|<br>(4,291)|
||||--------------------------------|--------------------------------|
|**Net assets**|||101,610|101,610|
||||================================|================================|
||||Unrestricted|Total Funds|
||||Funds|2021|
||||£|£|
|Tangible fixed assets|||1,250|1,250|
|Current assets|||73,769|73,769|
|Creditors less than 1 year|||(1,357)|<br>(1,357)|
||||----------------------------|----------------------------|
|**Net assets**|||73,662|73,662|
||||============================|============================|



## **19. Analysis of net assets between funds** 

**- 12 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Management Information** 

**Year ended 31 March 2022** 

**The following pages do not form part of the financial statements.** 

**- 13 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 31 March 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Trusts and funders|118,903|95,496|
|Donations|15,570|10,322|
|Fundraising events|1,254|–|
|Gift aid|75|138|
|Other revenue|2,750|–|
||--------------------------------|--------------------------------|
||138,552|105,956|
||--------------------------------|--------------------------------|
|**Investment income**|||
|Interest income|6|20|
||--------------|--------------|
||--------------------------------|--------------------------------|
|**Total income**|138,558|105,976|
||================================|================================|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|83,922|74,763|
|Pension costs|2,724|2,326|
|Group work|2,477|–|
|Telephone and internet|816|540|
|Trust costs|1,110|–|
|Depreciation|496|568|
|Advertising and marketing|110|115|
|Insurance|1,099|817|
|Printing and stationery|472|9|
|Rent and rates|3,218|3,218|
|Training - staff and volunteers|256|465|
|IT equipment and software|1,812|1,002|
|Accountancy fees|2,157|1,707|
||--------------------------------|--------------------------------|
||100,669|85,530|
||--------------------------------|--------------------------------|
|**Other expenditure**|||
|Staff expenses|2,761|735|
|Volunteer expenses|1,601|1,097|
|Home start and other fees|5,275|1,620|
|Fundraising|17|–|
|General expenses|287|1,501|
||-----------------------|-----------------------|
||9,941|4,953|
||-----------------------|-----------------------|
||--------------------------------|----------------------------|
|**Total expenditure**|110,610|90,483|
||================================|============================|
||--------------------------------|----------------------------|
|**Net income**|27,948|15,493|
||================================|============================|



**- 14 -** 



## **Home-Start Cotswold Ltd** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 31 March 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Governance costs**|||
|Wages and salaries|83,922|74,763|
|Pension costs|2,724|2,326|
|Group work|2,477|–|
|Telephone and internet|816|540|
|Trust costs|1,110|–|
|Depreciation|496|568|
|Advertising and marketing|110|115|
|Insurance|1,099|817|
|Printing and stationery|472|9|
|Rent and rates|3,218|3,218|
|Training - staff and volunteers|256|465|
|IT equipment and software|1,812|1,002|
|Accountancy fees|2,157|1,707|
||--------------------------------|----------------------------|
||100,669|85,530|
||--------------------------------|----------------------------|
||--------------------------------|----------------------------|
|**Expenditure on charitable activities**|100,669|85,530|
||================================|============================|



**- 15 -**