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2022-03-31-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 2022 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 2022

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 2022

The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ended 31 March 2022 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 2022

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 Kelly Dadd Secretary Sylvia Geeves Treasurer Jacqueline Burrage Appointed 24.06.2022 Sophie Croft Appointed 29.09.2021 Jan Gavin ( Resigned15.03.2022) Christopher Guy Jill Lake Mark Leithwaite Appointed 17.01.2022 Amal Mohammed (Resigned 06.05.2022) Alexandra Njuguna (Resigned 18.02.2022) Naiya Patel Appointed 29.09.2021 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 2022

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 2021/22 the Charity supported 56 families through weekly visits of voluntees to their homes and a further 41 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 2022

FINANCIAL REVIEW

Review of the year

Income has decreased by 20.7% on the previous year, this is due to the reduction in grants of 24.3% and a increase in donations of 19.1%, together with fundraising income of £813. The grant providers can be found in Note 2 of the accounts.

The costs of generating these funds and providing charitable activities has decreased by 10.2%

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 vulnerable 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: 8 August 2022

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 2022 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 24 August 2022

Page 4

HOME-START READING LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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		 2021
Unrestricted Restricted Designated
Total
Total
Funds
Funds
Funds
£
£
£
£
£
2022
52,635
86,728
-
139,363
175,896
387
-
-
387
-
813
-
-
813
464
53,835
86,728
-
140,563
176,360
43,597
80,043
-
123,640
137,665
43,597
80,043
-
123,640
137,665
10,238
6,685
-
16,923
38,695
-
-
10,238
6,685
-
16,923
38,695
44,869
-
-
44,869
34,417
-
32,165
-
32,165
26,460
-
-
31,524
31,524
8,986
55,107
38,850
31,524
125,481
108,558

Page 5

HOME-START READING LTD

BALANCE SHEET AT 31 MARCH 2022

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
11
Restricted funds
11
Designated Funds
11
TOTAL FUNDS		 2021
Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
Restated
£
£
£
£
£
2022
-
-
-
-
407
407
-
-
407
392
88,454
42,535
31,524
162,513
149,601
88,861
42,535
31,524
162,920
149,993
(33,752)
(3,687)
-
(37,439)
(41,842)
55,109
38,848
31,524
125,481
108,151
55,109
38,848
31,524
125,481
108,558
-
-
55,109
38,848
31,524
125,481
108,558
55,109
-
-
55,109
44,869
-
38,848
-
38,848
32,165
-
-
31,524
31,524
31,524
55,109
38,848
31,524
125,481
108,558

Page 6

HOME-START READING LTD

BALANCE SHEET - CONTINUED AT 31 MARCH 2022

The charitable company is entitled to exemption from audit under section 144(2) of the Charities Act 2011 for the year ended 31 March 2022

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 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 8 August 2022 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 2022

2022
£
STATEMENT OF CASH FLOW
Net Cash provided by operating activities
12,912
Purchase of equipment
-
Net Cash provided by financial activities
12,912
Change in cash and cash equivalents in the year
12,912
Cash and cash equivalents at the beginning of the year
149,601
Cash and cash equivalents at the end of the year
162,513
RECONCILIATION OF NET INCOME/EXPENDITURE TO NET CASH FLOW
FROM OPERATING ACTIVITIES
Net income/ expenditure for the year as per the statement of
16,924
financial activities
Depreciation charges
407
Decrease/(Increase) in Debtors
(15)
Increase/(Decrease) in Creditors
(4,404)
Net Cash provided by operating activities
12,912
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at Bank and in hand
162,513		 2021
£
53,600
-
53,600
53,600
96,000
149,600
38,695
406
208
14,291
53,600
149,600

Page 8

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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 £11,638 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
Grants received, included in the above, are as follows:-
GRANTS
Home Visiting
Family Groups/ Groups
Other Projects
Bank Interest		 2022
2021
£
£
16,889
14,179
122,474
161,717
813
464
140,176
176,360
2022
2021
£
£
84,482
94,787
25,492
18,730
12,500
48,200
122,474
161,717
387
-

3 Bank Interest

Page 10

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4 Expenditure on Charitable Activities

4
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
Computer costs
Repairs and renewals
Sundries
Staff Training
Travelling
Fund Raising costs
Subscriptions
Professional fees
Depreciation
Governance costs (see note 4)
Analysis of governance costs
5
AGM and trustees meetings
Net Incoming/(Outgoing) Resouces
6
Net resources are stated after charging/(crediting)
Depreciation- owned assets		 2022
2021
£
£
89,892
91,127
2,560
1,220
4,252
4,174
1,200
1,800
3,466
4,354
2,660
11,911
526
425
1,458
1,089
757
854
3,152
3,269
1,370
634
2,671
-
747
502
191
168
844
-
630
143
708
12,600
539
-
5,610
2,989
407
406
-
-
123,640
137,665
-
-
2022
2021
£
£
407
406

Page 11

HOME-START READING LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7 Staff Costs

Staff Costs
Gross wages and salaries
Employer's national insurance costs
Pension costs		 2022
2021
£
£
89,892
91,127
2,560
1,220
4,252
4,174
96,704
96,521

Trustees' Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 (2021 - Nil)

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

2022 2021
Charitable Activities 7 7
TANGIBLE FIXED ASSETS
COST
Balance at 1 April 2021
Additions in Year
Balance at 31 March 2022
DEPRECIATION
Balance at 1 April 2022
Charge for the Year
Balance at 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Computer
Equipment
£
6,238
6,238
5,831
407
6,238
0
407

Page 12

HOME-START READING LTD

NOTES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Accrued income
Prepayments		 2022
2021
£
£
-
-
-
-
407
392
407
392

10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other Creditors
Deferred income		 2022
2021
£
£
667
4,329
13,585
19,285
23,187
18,229
37,439
41,843

11 MOVEMENT IN FUNDS

Balance at 1st April 2021
Incoming resources
Resources expended
Net movement in funds
Transfer between Funds
Balance at 31st March 2022		 Unrestricted
Restricted
Designated
Total
2021
Funds
Funds
Funds
Funds
£
£
£
£
£
44,869
32,165
31,524
108,558
69,863
53,835
86,728
-
140,563
176,360
(43,597)
(80,043)
-
(123,640) (137,665)
10,238
6,685
-
16,923
38,695
-
-
-
-
55,107
38,850
31,524
125,481
108,558

Page 13

HOME-START READING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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, broadband and website
Printing, postage and stationery
Computer costs
Repairs and renewals
Sundries
Staff Training
Travelling
Fund raising costs
Subscriptions
Professional fees
Depreciation
Trustees meetings
NET INCOMING/(OUTGOING) RESOURCES		 2021
Unrestricted Restricted Designated
Total
Total
Funds
Funds
Funds
£
£
£
£
2022
16,635
253
-
16,888
14,179
36,000
86,475
-
122,475
161,717
-
-
-
-
-
813
-
-
813
464
53,448
86,728
-
140,176
176,360
387
-
-
387
-
53,835
86,728
-
140,563
176,360
53,835
86,728
-
140,563
176,360
24,482
65,410
89,892
91,127
635
1,925
2,560
1,220
1,020
3,232
4,252
4,174
1,200
-
1,200
1,800
3,466
3,466
4,354
235
2,425
2,660
11,911
526
526
425
1,458
1,458
1,089
757
757
854
3,115
37
3,152
3,269
1,128
242
1,370
634
658
2,013
2,671
-
747
747
502
69
122
191
168
303
541
844
-
630
630
143
708
708
12,600
539
539
5,610
5,610
2,989
407
-
407
406
-
-
-
43,597
80,043
123,640
137,665
10,238
6,685
-
16,923
38,695

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