REGISTERED COMPANY NUMBER: 054915701England and Wales) REGISTERED CHARITh NUMBER: 1110638 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR HOME-START READING LTD D C Dobby ACIB Tilehurst Reading Berkshire
HOAIE-START READING LTD cOKrEPs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 Page Report of the Trustees 1to3 Independent Examinerfs Report Statement of Financial Actsvitres Balance Sheet 6t07 Cash FI¥ Stateme Notes to the Financial St*ments 9t013 Detsiled stateMts of Financial Pdmt 14
FOR THE YEAR EMDED 31 MARCH 2023 aWicatrAe in ts UK RetNJblK of IrdaTrJ(FRS 11Y2) (ell&Xw 1 JaThJary 20151 YEAR ENDED 31 MARCH 2023 Charity number. 111C638 Company numbgr. 05491570 Dlrnctorty and TnMt80• The directL¥S of the charrtth o)mF•ry { thantyl are ts Injstees (anty LYW. Th8 trustee8 and offleern swving dwing ts year a1 sIre thè year ond as foll(r. Bigg8 Jow# Cha Catherine Tr(m Jott Chair Kelty Dadd Mark Lewlhwame Treasurer ApFKJ'nted 17.01.2022 Jacquellnè Burrage Apw)inted 24.1X.2022 Soph16 Croft AFWKrted 29 09.2021 Katie Poole Christopher Guy AprKMnled 15.08.2022 IRe81gth109.03.2023) Anna Vorstsr Lottie Pheasant Amal Mohammed Jill Lakg Naiya Patel Josephine R Appc¥nted 25.08.2 (Reswd (%.05.2022) (Reswed .10.2022} (R¢9 16.03.2ff231 (Resy*d 30.1020221 (Re8yd Xl.1020221 Ind•pond•nl Examlnor D C Dobby ACIB TilehuTsI Reading Berkshire 0mIng Document Home Start Reading is a company limiled ty giiarantee go%tmed ty ts MeKIum a1 Aiticles.
FOR THE YEAR ENDED 31 IAARCH %123 Appoh)th1ont of Tnwtse8 STRUCTURE. GOVERNANCE AND IAANAGEAIENT Ri•k rn•nagom•nt Rec4)verylBus1n Ctinuall0n.. Trleatth aThJ Saw. "tlala Pwtedicffi" aThJ"St¥JrvJ Ordws for FirwK4al Managemenf. Those 11(8$ aTrJ are regLtsty by Trle OBJECTIVES AND ACTivmES Ob¢ #nd aim8 with at18ast 01 thlkj uTrJer 5 vkno may iE gomg IWh a drfft(Jth ltsY. 8rKI m R&Ir Prmj weekly Flty Slgnllkant ael¥lll•• ACHIEVEMEPM AND PERFORMANCE Charhble acllTAtI•• Thè Charity prowdes an Annu81 Repc¥t for ot its AGM 8r#J Its 8tatisli aThJ a n8rrats.ve al)out its various 8(wtw in suppjrlry tsnilw at hC1 tn the groups. recording ou¢)tJts arJ m8asur8s of the $8t¢l&kn t•rth ththr SLWrt In 2022r23 th• Chanty 8UPFQrted 62 families through v•8Y of vduntses to IhBir hws aTrJ a furtlr41 in the Fty Groups REPORTING PUBUC BENEFir P•Je 2
+IOME-START READING LTD REPORT OF THE TRUSTEES. CONnNUED FOR THE YEAR ENDED 31 MARCH 2023 FIMANCIAL REVIEW Review of the y&ar Inojme inuease(I by 7.6% on the previous year. Expwdrtuie increased by 21% on the previcJs year. A small surplus was le¥ed In the year of £1.674 Provhling adte furbjing for Ihe essential administratNe infraslnKJre to Sup the tharws many seIr remains a very CnsKI8[3b chalknge. Home.St8rt Readmg are very gratelul kn all Ihe grants * iknalions received in the year, arnl we crmtinuing to dep s grants and ¢SJnations to to¥1de their services in Roler pollcy In determiniw the TeseNes of th8 chwlty. the Tntst888 cn8hYw the of risk op&aiNJ exwises required. It is th8 Twste88' goal to greate 8ulTth r888V¥8S to o)¥er at18a818ix monts. nomwl Iwab'ng exp8n888, given the 8latuttYy redundaiy obwions lo its staff. the fad that Home-stari Reading deals wilh vulnerable families M)uld reqre suffio.enl in the event that the th81ity lo cease OFW8tffi8. The charws reserves are deemed to be •lequate in tem of n8k. Fundj In deficlt Non ON BEHALF OF THE BOARD Sue Bws - Jcint Chair 2oZS
HOME4TART READING LTD INDEPENDEMT EXAMINER'S REPORT TO THE TRUSTEES OF HOME4TART READING LTD I report the accxxjnts for the year erNJed 31 March 2023 set out on pages fNe to ihirteen. Respectivg rnsponslbllltles of trustees and examlner The tnjslees (who are also directors for the purposes ol ¢x)mparry lawl are re8wn5ible for the preparab'on of accounts. The tru51ees cOnder Ihat an audit 15 required for this year (under ¥ectlon 144(21 of the Chanties Act 2011 (the 2011 kt) that an IrKleperthnt examinabon 1$ needed. Having satssfied myself that th8 charity is not subject to ajff( urvjer cnpanY law and is eligible for independent examinats'on, it is my responsibility to '. - examine the a)Unts under Section 145 of the Charib"e5 ALI.. - follow the procedures laid dovm in the General Dire(ons gNen by the Chanty Commission lun( section 14515}Ib} of the 2011 Act - 8tsts whether particular matters have come to my attenknn. Bas1• of the Indowndent exwnln•f• r•port My examination was carried oth in accordance with the general "reCtr"0 gwen by the Charity Cornmi55ion. examination ineludes a review of the accountiThJ re¢d$ kept by the tharity arbj a companson of the accounts presented with those records.11 also IrdeS cx)nsthralK)n of any unusual ilems ¢y disd05ures in the accounts, and seeking explanatsons from you a$ trustees conc£miThJ any such matters. The procedures undertaken do not prowde all the emdence that wDuld be requlred in an audit aThJ consequenuy opinion is gNen as lo lthether the accounts present a and lair vie¥f and rermxt is lirnrted to those matters ¥et out in the statement telow. Indepondonl •xamlnorfs •14t•m•nt In connection with my examingtson. no matter has com8 to rny attents'on.. 11) whi¢h gives me reasonable cause to belth that. in any n)aterial mpect, Ihg requirements.. - to keep accounting rgcords in accordance seclion 388 of th¢ Companies Act 2006 aTr - to prepare accounts which aecofd wrth the accountirvJ records and comply with the accounb'ng requiments of section 396 of the C¢)mpanies Act 2¢Th 8nd th th8 meth¢xls aThJ wnciples of ts Statement of Recommended Prathce.. Aecounbng and Rewtwig by Charit have not been mei or {21 to which in my oplnion, attention shwld t¢ dravm in order to enat4e a proper undeistandiro of the a¢¢ounts lo be reached. D C Dobby ACIB Tilehurst Reading Berkshlre t)aie 24 AuSt 2021
INCOME Donqlil¥ gwartb 74M7 161338 1W 387 113 Otlw Income 74917 ijiJ38 14•.f63 ns 21.11% 0.738 14gm4 124640 f•2 1215081 TMn•f•rolFund• 241•2 1Q•23 RECONCIUATION OF Fuh 6110
811 J2.186
J1.524 31,824 Re$trithd furKIs TOTAL FUND8 CARRIED FoifiiMD 31.524 127 166
AT 31 IWICH 2023 2022 Totsl FU1¥ Funth Del)tor8. amounts faUiNJ wrthin cTh yg8r CAsh al bank aTrJ in h 3.618 164.153 407 181513 11&289 31A24 31.524 167.671 161910 CREDITORS I4016) 14OA161 137A39) T CURREKf ASSETS 11340 31.$24 IZl,15S 125,481 31J I,16$ 124481 NET ASSETS FUNDS 11 11 79 79.291 11340 31,624 55.107 38.860 31A24 Ro8trfjct4d lurKI¥ De8rynated FuTrJs 31124 TOTAL FUHDS
LANCE SHEEf. COPrnNUED AT 31 MARCH 2023 The charitable e¢xnpany 15 Wrtilled to 8xwnptKYt fr<vn S111 UfKler sectscm 144P} of the Chaitses kt 2011 for the year ended 31 Plarch 2023 The trustees have rnt required the cwilable company to alIt d its frwK#al statth1 for the yeor 31 March 2023 in COrdar wrth 8eclM)n 14515)Ib) of the charli Act 2011. The Iru8t8os their respons1111 for la) ¢n8UriThJ that the dwritable clxnY keeps xcounting reconls that CW ith SectwJn8 388 of the Compani88 Act 2(. arwj (b) prepariw financ1 statemanls we a Irue and far ¥ivw d the state daffairs of the tharitable eompany as at the end of each financial year and of its Surplus or d8rlt for each financkil year in accordance with the requirements of seclion 396 and ¥thich othenve comply the chanlable compary. The financial 8tatsMts have been prepared in 4xd8 ith Ac¥nting and Reportiry by Charities". Statement of Recommended PraKIKe applieale to charitK8S prepanng their a(xounts in xcordance wrth the Financial Rep)rting Standard ub18 in the UK af RewtAic d Ireland {FRS1021 {thve 1 January 20151- (Chanties SORP IFRS102). the Fwncial RewtiThJ Standard applicab in the UK and RepublK d Ireland (FRS 102} th6 Act 2(. Tho financtal 8tatements Tre aFvobed by tho Boord of Tn*to9s 28 September 2023 and wero signed on it8 behalf by". Su? Btgg8- Joint Chair Catherine Troup- Joint Chair
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 IAARCH 2)23 2022 STATEMENT OF CASH FLOW Net Cash by cwaing Purchase of 4upment 1.674 12,912 1,674 12,912 Changp in wwj cash U18r in year Cash and equNa al ts tginnirvJ d th8 Cash and ¢a8h •4ui¥alwts at the yo 12,912 149.601 162.613 162.613 164153 RECONCIUATION OF NEf INCOMEWENDITURE TO NET CASH FLOW FROM OPERATING ACTMTIES 1.674 16,923 407 (151 4.403 11912 Decreasel{Increa5el in Debtc In¢roasdlDecrga5e) in Credrtors 3,077 ANALYSIS OF CASH AND CASH EQUIVALENTS Cash at 8nd in hand 1H153 162.513
HOME4TART REAIMNG LTD IIOTES TO THE FIIIANCIAL STATEMEiirs FOR THE YEAR ENDED 31 IAARCH 2023 ACCOUP¥llllG POUCIES Accounting convention tho Finanual ReF#ng Standard applttble in the UK aTrJ Rewbh'c of Ireland {FRS1021 (effective 1 January 2015F (Charities SORP IFRS102)l. the Finanual Re&NbTrJ Standard apptscabk in the UK arKI Republ of Ireland (FRS 102) ond the Conwiies Ata 2fA6. Incomln9 rOWUV8 Al incomlng resources are Incl on Ihg Statent of Finanaal Aclivibts %then the charity is the monetary value be meawr&J wTrierrt Tel¢ability. Inc¢yning resree$ frcrfn grants inchxled in the Statemwrt of Fln8n(aal Adp11t to match Keriods Expendiiure is &cwnted fry on a) bws and has been dassifd urKler that ldIng¥ they have twi alo¢ed lo acli¥lIi on a bas o)nsisterrt use of resources. Tanglbl• flx•d ••••ts Deweciatson is provlded at annual rates in der to rte off eath as1 over its estThated u¥eful hle... ComFKrter Equwiert Taxaoon
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING FOUCIES Icontinugd Fund aw>uniing Restricted funds are &4&Xed to test1KtK M th6lr eXPditUre Nnpcw&J by the (kJTh)r <Y thr(ph Dastqnated FurKIs Further explanouon ofthe and purwrfe of fund 18 i118d in thg note• to the financral the pericKJ lo which ttw relale. The charty rep a infkx d £11.638 in tt year. Tho tru8lee8 CCmKlered the unc¢rtafftties in to the ch9 fvluro funth'rg lset wt in thg truIt, rop)rt) and consKI thot there is Su11krt in pkn ts the next yew to th8 aruurts to be prepa1 on gc4no ¢(yttm basi$. Income Ivom Donatlon• and Grnnts 2022 41476 108,763 16089 122,474 813 140.17 Grants Fund Raising 161238 2023 Home Visrting Flty Grou Gr Other PrqwAs 84A82 25A92 12.500 121474 1.067 108.763 Bank Intsro•t 10
HOIE4TAirr READING LTD NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 IAARCH 2023 2022 122.923 96,704 Terminal Famity groups Famity wopcts 1vity fA)sts Rent. rales and Serv chwges Insurance Telephone. brojb & lte Printing, postage and ststionery Computer costs Repairs artd renffdyls Sundries Stsff Training Travelling Fund Raising c08ts Professional fees Depreaation Governance costs (see n(rte 4) 3,153 8.247 3.872 1.590 2,582 3.118 1.891 2.230 71 833 2,426 3,702 1,370 2,671 747 630 708 6,149 407 874 149,564 123,640 Anatysls of gmrnanc• co•ts Nat Inc<XnlngllOuW) Re84 Net resources are ststed after dgin{<trITryd) 2023 2022 407 P•Je 11
HOME4TART REAtXNG LTD NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 staff Casts 2023 2022 110,857 7.276 4790 121923 89.892 Emplo$ na.onal insuratxe c#)sts 96.704 There wgTe trustees, rwnuneralK)n or cllw for the year ended 31 Marth 2023 {2021- NA) The aver¥ ryw)nthty nthnbar cl the year was 88 folknK.'. 2023 2022 TANGIBLE FIXED ASSETS EquIpTt EquIpmt COST Balance at 1 Aprfl 2022 Additlons in Year Balance at 31 March 2023 6,238 DEPRECIATION Balance at 1 April 2022 Charye for the Yojr Balance at 31 March 2023 NET 800K VALUE At 31 March 2023 At 31 PA•rch 2022 Page 12
FOR THE YEAR ENDED 31 MARCH 2023 DEBTORS: AMOUIITS FALUNG DUE wmiiN ONE YEAR Other debtors 3.618 407 10 CREDITORS: AMOUNTS FAWNG DUE ThIN ONE YEAR 2023 Olher Creditors 1408S 13.585 23.187 37 11 VEMENT IN FUNDS 2022 Fund Fund• Fund• Fun Bal•nc• at 1st Aprll 2022 14109 A848 31.624 126.481 108,668 74M7 50.736) 98.829) 24182 (2I5Q8) 161,238 140.663 149,664) 123.640 1,674 16.923 Transfer brtween Fund Balanc• at 31st Il•rch 2023 31524 127155 125481 13
FOR THE YEAR ENDED 31 IAARCH 2023 2022 Funds INCOME 41476 1.763 Grants Fund Raishig 27342 81.321 122,470 813 140.1TI 81?21 101,238 61.917 81J21 151.238 140.$64 ,917 81J21 101.238 140.S64 Staff Costs 121923 98.704 Family gTQUPS Famity pKiects adivty 1.171 l1&7 6,247 3.872 1702 Insuranco Telephe, broJband and Vpb8ite 1.590 144 818 2.582 1116 3,162 13 Computer costs Repalrs and fentr Sundrfas Staff Training TravelliThJ FurKI wiTr3 e 747 874 874 6.149 407 s0,n6 K829 149,664 123.640 17JO8 74 16.924 P•J8 14