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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 05491570 (England and Wales) REGISTERED CHARITY NUMBER: 1110638

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR

HOME-START READING LTD

D C Dobby ACIB Tilehurst Reading Berkshire

HOME-START READING LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Financial Statements 9 to 13
Detailed Statements of Financial Activities 14

HOME-START READING LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charties Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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)

YEAR ENDED 31 MARCH 2021

Charity number: 1110638 Company number: 05491570 Registered Office: 7 Southcote Parade, Southcote Farm Lane, Reading, Berkshire, RG30 3DT

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows.

Sue Biggs Joint Chair Catherine Troup Joint Chair Sylvia Geeves Treasurer Jan Gavin Christopher Guy Jill Lake Amal Mohammed Alexandra Njuguna Josephine Rado

Independent Examiner

D C Dobby ACIB Tilehurst Reading Berkshire

Governing Document

Home Start Reading is a company limited by guarantee governed by its Memorandum and Articles. It is registered as a charity with the Charity Commission.

Page 1

HOME-START READING LTD

REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

Appointment of Trustees

As set out in the Articles of Association the chair of the trustees is nominated by the executive committee. Nominations for the election to the committee are considered and voted upon at the Annual General Meeting. The maximum number of members of the executive shall be no more than twelve.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

Home-Start Reading works to a number of robust policies derived from Home Start UK including "Disaster Recovery/Business Continuation", "Health and Safety", "Data Protection" and "Standing Orders for Financial Management". These policies and practices are regularly reviewed by Trustees.

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide a voluntary home- visiting scheme offering friendly, knowledgeable and practical help to families with at least one child under 5 who may be going through a difficult time, and in Reading providing two weekly Family Groups in areas of deprivation, and other targeted group provision as required from time to time on specific needs

Significant activities

Organising and managing various projects, events and activities designed to achieve the above objects.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity provides an Annual Report for adoption at its AGM and then available on its website giving statistics and a narrative about its various activities in supporting families at home and in the groups,

recording outputs and measures of the families' satisfaction with their support. In 2020/21 the Charity supported 61 families through phone calls and texts by volunteers, as visiting homes was inoperable due to covid restrictions, and communication to a further 31 in the Family Groups.

REPORTING PUBLIC BENEFIT

As a small charity, below the Charity Act's audit threshold, the trustees' report focuses on the main activities

Page 2

HOME-START READING LTD

REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Review of the year

Income has increased by 66.6% on the previous year, this is due to an increase in grants of 101.4% and a decrease in donations of 41.5%, together with fundraising income of £464. The grant providers can be found in Note 2 of the accounts.

The costs of generating these funds and providing charitable activities has increased by 1.9%

Providing adequate funding for the essential administrative infrastructure to support the charity's many services remains a very considerable challenge. Home -Start Reading are very grateful for all the grants and donations received in the year, and are continuing to depend on such grants and donations to provide their services in the community.

Reserves policy

In determining the reserves policy of the charity, the Trustees consider the levels of risk and operating expenses required.

It is the Trustees' goal to greate sufficient reserves to cover at least six months' normal operating expenses, given the statutory redundancy obligations to its staff, and the fact that Home-Start Reading deals with vunerable families who would require sufficient notice in the event that the charity were to cease operations. The charity's reserves are deemed to be adequate in terms of risk.

Funds in deficit

None

ON BEHALF OF THE BOARD

Sue Biggs - Joint Chair Date: 15 September 2021

Page 3

HOME-START READING LTD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOME-START READING LTD

I report on the accounts for the year ended 31 March 2021 set out on pages five to thirteen.

Respective responsibilities of trustees and examiner

The trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :

Basis of the independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met or

(2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

D C Dobby ACIB Tilehurst Reading Berkshire Date 23 September 2021

Page 4

HOME-START READING LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Notes
INCOME
Donations and grants
2
Income from Investments
Other Income
2
Total income
EXPENDITURE
Expenditure on Charitable Activities
3
Total expenses
Transfer of Funds
RECONCILIATION OF FUNDS
Total funds brought forward
10
Unrestricted funds
Restricted funds
Designated funds
TOTAL FUNDS CARRIED FORWARD
NET INCOMING/(OUTGOING) RESOURCES		 2020
Unrestricted Restricted Designated
Total
Total
Funds
Funds
Funds
£
£
£
£
£
2021
22,679
143,217
10,000
175,896
105,319
-
-
-
-
509
464
-
-
464
-
23,143
143,217
10,000
176,360
105,828
12,691
124,974
-
137,665
135,071
12,691
124,974
-
137,665
135,071
10,452
18,243
10,000
38,695
(29,243)
(12,538)
12,538
-
-
10,452
5,705
22,538
38,695
(29,243)
34,417
-
-
34,417
43,820
-
26,460
-
26,460
36,590
-
-
8,986
8,986
18,696
44,869
32,165
31,524
108,558
69,863

HOME-START READING LTD

BALANCE SHEET AT 31 MARCH 2021

Notes
FIXED ASSETS
Tangible Assets
7
CURRENT ASSETS
Debtors: amounts falling due within one year
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
TRANSFER BETWEEN FUNDS
NET ASSETS
FUNDS
Unrestricted funds
10
Restricted funds
10
Designated Funds
10
TOTAL FUNDS		 2020
Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
Restated
£
£
£
£
£
2021
407
-
-
407
814
392
-
-
392
600
85,912
44,703
18,986
149,601
96,000
86,304
44,703
18,986
149,993
96,600
(41,842)
-
-
(41,842)
(27,551)
44,869
44,703
18,986
108,558
69,049
44,869
44,703
18,986
108,558
69,863
-12,538
12,538
-
-
44,869
32,165
31,524
108,558
69,863
44,869
-
-
44,869
34,417
-
32,165
-
32,165
26,460
-
-
31,524
31,524
8,986
44,869
32,165
31,524
108,558
69,863

The notes form part of these financial statements Page 6

HOME-START READING LTD

BALANCE SHEET - CONTINUED AT 31 MARCH 2021

The charitable company is entitled to exemption from audit under section 144(2) of the Charities Act 2011 for the year ended 31 March 2021

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with section 145(5)(b) of the Charities Act 2011.

The trustees acknowledge their responsibilities for

charitable company.

The financial statements have been prepared in acordance 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 (FRS102) (effective 1 January 2015)- (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements were approved by the Board of Trustees on 15 September 2021 and were signed on its behalf by:

Sue Biggs - Joint Chair

Sylvia Geeves - Trustee

Page 7

HOME-START READING LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

2020
£
STATEMENT OF CASH FLOW
Net Cash provided by operating activities
53,600
Purchase of equipment
-
Net Cash provided by financial activities
53,600
Change in cash and cash equivalents in the year
53,600
Cash and cash equivalents at the beginning of the year
96,000
Cash and cash equivalents at the end of the year
149,600
RECONCILIATION OF NET INCOME/EXPENDITURE TO NET CASH FLOW
FROM OPERATING ACTIVITIES
Net income/ expenditure for the year as per the statement of
38,695
financial activities
Depreciation charges
406
Decrease/(Increase) in Debtors
208
Increase/(Decrease) in Creditors
14,291
Net Cash provided by operating activities
53,600
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at Bank and in hand
149,600		 2020
£
(46,765)
(1,220)
(47,985)
(47,986)
143,986
96,000
(29,243)
1,342
3,968
(22,832)
(46,765)
96,000

Page 8

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared in acordance 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 (FRS102) (effective 1 January 2015)- (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the resource; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Incoming resources from grants are included in the Statement of Financial Activities to match periods when the services relating to these grants are delivered.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Include costs of preparation and examination of statutory accounts and cost of any legal advice to trustees on governance or constitutional matters.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Computer Equipment - straight line over 3 years.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 9

HOME-START READING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES (Continued)

Fund accounting

Unrestricted funds are available for use at the discrection of the trustees in furthance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through terms of an appeal.

Designated Funds

Designated funds are used for monies set aside from the general fund for a specific purpose.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and post-retirement benefits

The charitable company operates a defined contributions pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The charity reported a cash inflow of £53,600 in the year. The trustees have considered the uncertainties in relation to the Charity's future funding (set out in the trustees' report) and consider that there is sufficient funding in place for the next year to enable the accounts to be prepared on a going concern basis.

2. Income from Donations and Grants

Donations
Grants
Fund Raising		 2021
2020
£
£
14,179
20,036
161,717
80,278
464
5,005
176,360
105,319

Grants received, included in the above, are as follows:-

Grants received, included in the above, are as follows:-
GRANTS
Home Visiting
Family Groups
Other Projects		 2021
2020
£
£
68,425
42,599
45,092
38,896
48,200
-1,217
161,717
80,278

Page 10

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

3
Expenditure on Charitable Activities
Personnel costs
Social security
Pensions
Terminal contingency
Family groups
Family projects activity costs
Rent, rates and service charges
Insurance
Light and heat
Telephone, broadband & website
Printing, postage and stationery
Charity log
Repairs and renewals
Sundries
Staff Training
Travelling
Fund Raising costs
Professional fees
Depreciation
Governance costs (see note 4)
Analysis of governance costs
4
AGM and trustees meetings
Net Incoming/(Outgoing) Resouces
5
Net resources are stated after charging/(crediting)
Depreciation- owned assets		 2021
2020
£
£
91,127
92,840
1,220
2,338
4,174
4,247
1,800
3,000
4,354
5,636
11,911
3,004
425
690
1,089
1,283
854
1,026
3,269
4,592
634
1,306
3,624
502
1,582
168
203
216
143
2,052
12,600
1,480
2,989
4,367
406
1,342
-
243
137,665
135,071
-
243
2021
2020
£
£
406
1342

Page 11

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6 Staff Costs

Staff Costs
Gross wages and salaries
Employer's national insurance costs
Pension costs		 2021
2020
£
£
91,127
92,840
1,220
2,338
4,174
4,247
96,521
99,425

Trustees' Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 (2020 - Nil)

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

2021 2020
Charitable Activities 7 8
TANGIBLE FIXED ASSETS
COST
Balance at 1 April 2020
Additions in Year
Balance at 31 March 2021
DEPRECIATION
Balance at 1 April 2020
Charge for the Year
Balance at 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Computer
Equipment
£
6,238
6,238
5,424
407
5,831
407
814

Page 12

HOME-START READING LTD

NOTES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Accrued income
Prepayments		 2021
2020
£
£
-
344
-
-
392
256
392
600

9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other Creditors
Deferred income		 2021
2020
£
£
4,329
4,679
19,285
6,484
18,229
16,388
41,843
27,551

10 MOVEMENT IN FUNDS

Balance at 1st April 2020
Incoming resources
Resources expended
Net movement in funds
Transfer between Funds
Balance at 31st March 2021		 Unrestricted
Restricted
Designated
Total
2020
Funds
Funds
Funds
Funds
£
£
£
£
£
34,417
26,460
8,986
69,863
99,107
23,143
143,217
10,000
176,360
105,827
(12,691)
(124,974)
-
(137,665) (135,071)
10,452
18,243
10,000
38,695
(29,244)
(12,538)
12,538
-
-
44,869
32,165
31,524
108,558
69,863

Page 13

HOME-START READING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME
Donations
Grants
Memberships
Fund Raising
Investment income
Total incoming resources
EXPENDITURE
Expenditure on Charitable Activities
Personnel costs
Social security
Pensions
Terminal contingency
Family groups
Family projects activity costs
Rent, rates and service charges
Insurance
Light and heat
Telephone and broadband
Printing, postage and stationery
Charity log
Repairs and renewals
Sundries
Staff Training
Travelling
Fund raising costs
Professional fees
Depreciation
Trustees meetings
NET INCOMING/(OUTGOING) RESOURCES		 2020
Unrestricted Restricted Designated
Total
Total
Funds
Funds
Funds
£
£
£
£
2021
14,179
-
-
14,179
20,017
8,500
143,217
10,000
161,717
80,297
-
-
-
-
-
464
-
-
464
5,005
23,143
143,217
10,000
176,360
105,319
-
-
-
-
509
23,143
143,217
10,000
176,360
105,828
23,143
143,217
10,000
176,360
105,828
8,009
83,118
91,127
92,840
85
1,135
1,220
2,338
854
3,320
4,174
4,247
1,800
-
1,800
3,000
4,354
4,354
5,636
11,911
11,911
3,004
425
425
690
1,089
1,089
1,283
854
854
1,026
3,269
3,269
4,592
634
634
1,306
-
0
3,624
502
502
1,582
168
168
203
-
0
216
18
125
143
2,052
12,600
12,600
1,480
1,519
1,470
2,989
4,367
406
-
406
1,342
-
0
243
12,691
124,974
137,665
135,071
10,452
18,243
10,000
38,695
(29,243)

This page does not form part of the statutory financial statements Page 14