# **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 :
- examine the accounts under Section 145 of the Charities Act;
- follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act
- state whether particular matters have come to my attention.
## **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:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006 and
- to prepare accounts which accord with the accounting records and comply with the accounting requiments of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 of the Companies Act 2006; and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of section 396 and which otherwise comply with the
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**|
- **8 TANGIBLE FIXED ASSETS**
|**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