REGISTERED COMPANY NUMBER: 05491570 (England and Wales) REGISTERED CHARrrY NUMBER: 1110638 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HOME4TART READING LTD D C Dobby ACIB Tilehurst Readlng Berkshlre
HOME4TART READING LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees 1to3 Independent Examinerfs Report Statement of Financial Aclivities Balance Sheet 6t07 Cash Flow Statement Notes to the Financi81 Statements 9t013 Detailed Slatements of Financial Activities 14
HOME-START READING LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees are pleased to present their annual dweclors. rep together wilh the financial ststements of Ihe chaiity for the year ended 31 March 2025 which are also prepared to me8t the requirements for a director5, report and acujunts for Compantes Ad wrw88S. The financ4al stalements comply Mrith the Charties Act 2011, the Companie$ Act 2tK)6, Ihe enlandum and Artides of Association. and A¢inting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their aCc#ntS in accordan with the Finanoal Reporting Slandord applicable in the UK and Republic of Ireland(FRS 102) (effective 1 January 2015) YEAR ENDED 31 IAARCH 2025 Charity number.. 1110638 Cofflpany numb8r. 05491570 Registered Offi¢0: 7 Southcote Parade, Southcote Farni Lan8, Reading, Berkshire, RG30 3DT DIt01 and Trto•S The directors of the (7aritabl8 company (ihe charity) are its trustees for the purpose of ¢haiity law. The trustees and offic4rs serving during the y8ar and sin(% the year eF vrntp as follows. Catherine Troup Kelly Dadd ma Lewthwaite Jacqueline Burrage Christopher Guy Anna Vorslar Sally Moore Andy Degiowgio Danielle Hinds Mary Wilson Sue Bigg8 Chair Secretary Treasurer Resigned 25.04.2025 Appointed 05.04.2024 Appointed 14.08.2024 Appointed 16.01,2025 Appointed 16.01.2025 Resigned 25.04.2025 Indgpond•nt Examln• D C Dobby ACIB Tllehuyst Reading Berkshire Govemlng DocUnnt Home Start Reading is a (xxnpany liNwted by guaranlee govemed by its Mernrandum and Artes. It is wistered as a chaiity V•ith the Charity Commission. Page 1
HOME4TART READING LTD REPORT OF THE TRUSTEES . CONTINUED FOR THE YEAR EN[D 31 RCH 2025 Appolntmont of Tnta•# As set out in th8 Arb'Glgs of Association the chair of the trustees is ncrfninatgd by the executive committeg. N¢minations for t1 efeclion to th8 MMIttee are censidered and voted upon al the Annual G8noral M8etiThJ. The maxtmum nUMr of fflgmbefs of the exeeutive shall be no more than Iwelve. STRUCTURE. GOVERNANCE AND PaANAGEMENT Rhk m•n•gom•nt Home-start Readiry w)rks to a number of rtl)ust poh'cies rryju1r1 by Hcrfne-start UK Ind41 HeaRh and Safety. Finawal Management 8rKJ Controls, and GDPRIData Protoction and Confidentiality. The8e polici8s And pradic88 afo logularly reviewed by Tru8tee8. OWECTNES AND ACTIVITIES Obj11¥0$ and alm8 Tho OLwcts of the Charty are .' 1. To safeguard, protect and pre8eNe the go(yJ heallh, both Thntal and physical of children and pants of children. 2. T¢ prevent cruelty to or maltreabment of ehildren 3. To ffjlieve sickness, pov8rty and need 8mongst thildren and parents of children 4. To promots the UCatIon of the public in bgtter starKlards of child(xre Withln the are of Reading Bnd its environ8 SignHlunt acuvbllos Hom8start Keaaings main actlvity In pvr8Urt ot rt8 Obiectyves 18 to provth a voluntary nom&vin9 sthèm8 oltering trndlY, knowledgeable and practical help to Reading families wilh at least one Child und8r S vtho may be going Ihrough a difficult time, arKI In providing targeted group actFVrties and programmes according to specific n8ed$. ACHIEVEIAENTS AND PERFORIAANCE Charllable actlvlU•s The Chanty provwJ•s an Annual Report for adoption at its AGM and Ihen availabk on its web8rte giving stat18c9 Ond a narratsve about its various aclvitiès in 8UPPOrting familie8 at home and through group a1VI¥, recording outyuts and measures of tho families, progr•88 and 5atisfathon wtth their 8UPPOrt. In 2024125 the Charity SUPPWted 93 families. REPORTING PUBLIC BENEFIT The Charty provides an Annual ReKth for a(lfvn at its AGM and then availablè on its b$It8 gNing statistics aThJ a narrative al)out ils various activttres in supporting fam118 * homè and through group aclivits8s, recording outyuts and me8$ures of tho tsmilles, progress and satlsf8ction with their #upp¢Jt, Page 2
HOME-START READING LTD REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW R•vlow of tho y•ar Incomè increa68d by 49% on tho pr8vious year. Thi8 wa6 dnven primarily ty the fact that the previous year includ8d a gap in multi-yeaf funding from both the Big Lottory and Childr8n in Need vthi¢h were subsequently reno*ed following successfvl roappli¢alions. ExpandiiuTe decreased by 12% on the Fxevious year. This was dri¥8n in the main by staff r•ductn8 made towards the end of 2023f24. A total Surplus for Ihe year 01 £39,1)09 vras us1 incrB8S0 the desunated fes8v8s by £7,832. and £14,084 is rnsthcted but ig expè¢ied to be used fully in 2025r26. The remaining £17093 is unrestrided bul maintains our unrestricted rer¥05 at 6 months of running costs in line wlth our Polity and Charity ccmision guidellnes. Providing ad¢quale fundir¥ for the 8558ntial administrative infrastructuro to supp(xt th8 charivs rnany s•r¥irns remains a very considerable Challenge. H0 -Stsrt Readirwj are very grateful for all the grants donation? re>ved in the year, and are conts"nuirvJ to depend on such grants and donations to provide thw'r See6 in th community. The trustees have recogni8ed th8 uneèrtainties in relatit)n to th8 Chatys future fundiry and hav8 furthor incr•ased their efforts to Sour nv4V and alternative funding streams to mairrtain the ¢hority. How•Nvr, there remains a shortlall in sre funding and •xpocted donation8 for tho financial y8ar •ndiry 31st March 20 RM•rv•• Wlcy In detemiiniry the reserves policy of the Gharity. the Trust88s consider Ihe levels ol dsk and op8ratlng exp8nses required. 11 Is the Tntstees. goal to create sufficient unr88trica8d reserva8 lo cover at least six monlhs. nornal opgrolin9 expense8, Th8 6 month8 b88ed upon th8 fact that Home4lart Rgading deals vulnera famili85 vtho UkI wuir• suffiwrt notice in tho event that the chaiity Wa io Cease opérations. The designated r88eN8 is to rx)vor all staff obligations and some expenses that would t)0 requlrnd in the event that the Clk9rity was to close. The valuation of tr0 obligations ao recalculatéd gvery yeAr. The Charitys reserves are d8omod to b• adequate in tern8 of rt8k. Fundg in d•ficlt None ON BEHALF OF THE BOARD Catherim Troup - Chair Date.. 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 2025 set OLrt on pages five to thirteen. Respectlve responslbllltles of truste8s and oxamlner The trustees (who are also directors for th8 purposes of cornpany law) are responsible for the preparation of the accounts. The trusts cOnder that an audit is not required for this year (under section 144(2) of Ihe Charities Aci 2011 (the 2011 Art) and that an independent examination is needed. Having sats"sfied myself that the Charity 18 n¢t subject to audit under company law and Is ellgible for independent examination, it is my responsibilty to .' - examine the accounls under Section 145 of the Charities Act; - follow the procedures laid down in the General Directions givon by the Charity Commission (under section 145{5}{b) of the 2011 Act - slate 4thelh8r particular matters have come to my attention. Basls of the independent ¢xamln•rfs report My examination was canied out in accordance with the general Directlons given by the Charlty Commlsslon. An examination Indudes a review of the accounting records kept by the charlty and a comparlson of the accounts presented wilh those records. 11 also includes consideration of ary unu8u81 items or disclosur88 in the accourts, and seeking explanthons from you a8 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 'lrue artd fair viw and the report is limited to those matters set out in the statement below. Indend*nt •xamIn•3 •tst•mont In connection wtlh My examinats'on, no mattér has come to my att8ntlon'. (1> Ithich gives me reasonable cause to believe that, in any material respect. the requirements.. - to keep accounting COrdS in accordance with section 386 of the Companies Act 2006 and - to prepare accounts which acMrd with accounting records arKI comply with the accounting requiments of section 396 01 the Companies Ad 2006 and the Metths and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not baen mél or (2) to which in my opinion, attention should be drawn in order to enable a prcyer undorstandlng of the aGcounts to be react. D C Dobby ACIB rilehurst Reading Bwkshiré 2025 Page 4
HOME4TART READING LTD STATEIIENT OF FIIWICIAL ACTMTIES FOR THE YEAR ENDED 31 PAAR¢H 2025 2025 Unmt¥lctod RMtrl¢tod DO810rtrd Tolal Fund¥ Fund¥ Funds 21J24 Tolal INCOME Oonallons aThJ grants Inrnme th lfivestrner 147,156 547 19.600 1661fjfj 113.020 647 137 Totsl Incom• 147,703 19.5 167.203 113,15T EXPENDrniRE Eynditure on Chats1* AdMt 122.Tf8 5.416 14194 1W1•2 Total •xp•n• 122.778 5,416 128.1M 145, MET INCOMIMOIIOUTGOINGI RESOURCES 24.92$ 14084 39.00• 1310361 Trnn•hr ot Fund• 17,8321 17,093 14.084 39.00• (32,11 RECOIICILIATION OF FUND8 Total fund• brought I0rd Unregtrtctèd fijnds Restri(aed DesIgnal fuTrJ8 10 090 ,598 79. 16. 31,S24 31.524 31,624 TOTAL FUNDS CARRIED FORWAIID Pag¢ 5
HOME4TART READING LTD BALANCE SHEEr AT 31 PAARCH 2026 202 2024 Unrn*trkted R••tri¢tsd DMlgn•tod Fund• Funds Funds Totsl T¢)tal R••l&t¢d HXED ASSErs Tangibl8 As58ts CURRENT ASSETS Oebtor8: amounts falling due wilhin one year ckn al bank and in hand 7.076 129,416 7.076 193,356 14.1)84 49,856 141120 1x491 49,856 200A31 142,126 CREDITORS Amounts falling due wilhin on• yoar (56003) (S6,3> {47.005) NET CURREP4T ASSETS 14,084 49,868 144.628 ,120 TOTAL ASSETS LESS CURRENT UAWLMES 80.688 14.084 1¥628 96.120 Liabiliti8s in greater then one year -10.500 1101)0) NET ASSETS FUND8 unre5tn.ded funLIs Re8tricled fundy 11 11 80.ma 14084 39,366 14,084 Designated Fund8 39,366 3124 TOTAL FUNDS 128 Page 8
HOAIE-START READING LTD BALANCE SHEET- CONTINUED AT 31 IAARCH 2025 The charitable company is enlitkd to exemption from audit under section 144121 of the Charities Act 2011 for th8 year ende(131 March 2025 The trustees hava not required the charitable company to obtain an audil of its financial statements for the year ended 31 March 2025 in ac£ordance with Section 145{5)(b) of the Charities Act 2011. The truslees acknowl8d9e Iheir resFX)nsibilities for (8) ensuring that the charitable company keeps accounting records that comply with Secti¢n8 386 of tho Companies kt 2006,. and (b) preparing financial statements which gNe a Irue and fair view of the state of affairs of Ihe charilable company as at the end of each financial year and of its surplus or deficit for each financial year in aCcolance with the requirements of section 396. The flnand81 statements have been prepared in acordan¢e with Accounting and Reporting ty Ch8rilks'. Statement of Recommended Practice applicable to chanties prePing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effectlve 1 January 2015)- (Charities SORP {FRS102), the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) and the Companies Act 2006. The financial statements re approved by the Board of Trustees on 22 July 2025 and were signed on its behalf by: Catherine Troup - Chair Page 7
HOME4TART READING LTD CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 STATEMENT OF CASH FLOW Net Cash provid8d by Operating activities Purchase of equipment Net Cash provided by Operating activth'88 51,230 122,028 51,230 122.028 Chang8 in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 51,230 142,125 122,0281 164,153 RECONCILIATION OF NET INCOMEIEXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES Net Incom experKliture for the year as per the statamant financwl activities Depreciation cha Decreasel(Increas8) in Debtors IncreasellDecrea8e) in Creditors Net Cash provided by operating activitie8 39,009 (32,035 (7,076) 19,297 3,518 ANALYSIS OF CASH AND CASH EQUIVALEKrs Cash at Bank arHI in hand 193.356 142,126 Page 8
HOME4TART READING LTD PKITES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2025 ACCOUNTING POLICIES Accountlng ¢onvontlon Tf financial statements have been prepared in arthce ith A¢)untIng and Rewwb"ng by Ctwities: Statement of Recommended Practice applicable to charli8 [Xeparf their accnts in accordan the Financial Reporting Standard applirAble in the UK and Republic of Ireland (FRS102) (effe¢tive 1 January 2015F (Chariti¢$ SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Ihe Companies Act 20. All incoming reSoue5 are induded on the Statemth of Financia Actlt5 wtrn the chaflty is legally entit to the resour¢e', the trustees are virtually ¢ertain they will receive the re8our¢es; and the monetary value Can be measured %4ith $uffi¢ient reliabilty, Unrestrcted incoming resources are included in the Statement of Financial Aclivits'es to match periods when the 8ervices relating lo these grants are delIVed. Res¢ur¢¢$ r¢¢eived f¢y fvture periods are defferred. We only record grants and expenditure as restricted vthere the grant is ftjr a very SpeCrf expense e.g. to fund a speufic post or to deliver a group or courne that is over and above our core trDme visiling service. Where grants could be designated as restricted but they are for core $er¥ice$, and expensed fiJlly in the year, we account for these as unrestricted. Unrestrcted incoming re50urce5 are included in the Statement of Financial Aclivities to match wiods when the services relaling to these grants are delivered. Resources received for fijture peric<ls are defferred. Expenditure 18 accountsd for on an acuua18 ba818 and has been classified under heading8 that aggregate all cost related to the category. Where costs cannot be directty attributed to particular Padings they have been allocated to actlvities on a b$ consistent wth the use of resources. Govemance costs Include costs of preparation and examination of statutory accA)unts and cost of any le9al ad¥i(x to tNstees on govemance or constitutlonal matters. T•nglbl• flx•d amots Depreciab"on is provbded at Ihe folbing annual rates in order to wn'le off each as8et over ts estimated usefvl Ilfe:. Computer Equlpment - straight line over 3 years. Taxatlon The charty is exempt from corporation tsx on ts chantable activilies. Page 9
HOIIJE4TART READING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Icontlnuod) Fund ac¢ountlng Unrestricted funds are available for use at the discrection of the trustees in fUrthan of the generdl objeth'ves of the charty. Restricted funds are subjected to reslrictions on their èxpenditure imwsed by the donor or through term8 of an appeal. DeSnated Funds Designated funds are used for m128 sel aside from Ihe general fund for a specific purpD88. Further explanation of the nature and purpose of each fund is included in the notes to the financial 8tatements. Pension costs and pwt-rotlroment benofits The charitable company oper*es 8 defined contributions pension scheme. Contributions payable to the charrtable company'5 pension 8chwne are charged to the Statement of Financial Activrties In the period to vknich they r6lat8. Golng COnrn Tho trustees have recognised the uncertainties in relation to the Charty's future funding and have further increased their efforts to aource new and alterrlive funding streams to maintain the charity. The Trustees are of the opinion Ihat Homestsrt ReadirKJ is a g)ing c(mcem but given the uncertanties it 18 prudent to hold a reseprfe for the event of ck)sure. This is representeted by the de5ignanled re8rve. Incom• from Donations and Grants 2025 2024 Donation Grants Fund Raising 42.033 119.123 45.202 67.818 Bank Interest Page 10
HOME-START READING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on Charitsble Actlvltles 2025 2024 Staff Costs Termination costs Family groups Famity projects activty costs Rent. rates and service charges Insuranc Telephone, broadband & website IT Costs Office costs incl.Prinling. postage and stationery & payroll Payroll SeNices Repairs and renewals Staff Training Fund Raising costs Professional fees Depreciation Governance costs (see note 4) Homestart UK Lw 101243 118.589 3,759 2.311 6,332 1,795 1.366 3,549 1,489 1,956 890 7,810 1.701 1.524 94 525 1.247 1,013 2,037 2.724 145.192 Analysls ol govemance costs AGM and trustees meeting8 Page11
HOME4TART READING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Gross wages and salafies Employe¢s national insurance cost5 Overpayment of Prior years Nl recovered Pension $t$ 100.753 110.159 2.030 7,397 (3,578) 4.792 Tru8tee8' Remuneratlon and 8oneflt8 There no trustees, rernuneration or other benefrts for the year ended 31 March 2023 (2021 Nil) The average monthty number of employees during the year vtas as follows:_ 2026 2024 Charilable Actlvittes TANGIBLE FIXED ASSETS Computer Computer Equipm•n* Equlpm•rtt COST Balan at 1 Aprll 2024 Di8posal8 in Year Balanc• at 31 March 2025 6,238 4,238 6.238 4,238 DEPRECIATION Balance at 1 Aprll 2022 Dlsposal• In Y•ar 6,238 4,238 6,238 4,238 Balan¢e at 31 Marth 2023 NET BOOK VALUE At 31 March 2024 At 31 March 2023 Page 12
MOME-START READING LTD NOTE8 FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AAIOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other deb Accrued InMe Prepaymenls 7.076 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2024 Social secx4nty and other taxes Other Creditors 1,699 15.806 29,500 4685 60.362 MOVEMENT IN FUNDS Unrnstrlcled R•strfcted De8lgnated Total Funds Fund# Funds Funds 2024 8alanu at 1stApril 2024 63.595 31,624 95,119 127,156 Incoming re80urces Resources expended N•t movement In fund8 147.703 122.778) 24,926 19,500 15,416 14.084 167,203 113.157 128.194) {145,192 39,009 132,036 Transfer beiweon Funds 17,832) 7.832 Balance at 31st March 2020 39 356 134 128 96 120 Page 13
HOMESTART READING LTD DEfAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2025 2025 Unregtrfcteé Restrlctèd DIgn8t4d Total Funds Fund• Funds 2024 Total INCOME Donatw)ns Grants Fund Raising 45,202 85,511 45.202 85,011 46,202 67,818 19.600 110.713 19.500 130,213 113,020 Investment Income 137 110,850 137 130.350 137 113.157 19.500 Total incomlng resource• 110,850 19.600 130,360 113,157 EXPENDITURE Expendllurn on Charitable Actlvttle8 Stsff Costs Redundancy C06ts Family groups Family projects acbvity ¢ost8 Rent, rates and Serv charges Insurance Telephone, broadband and website Office c08ts IT support msts Repairs and renewals Sundries Staff Training Fund raising costs Professional fees Homestart UK Levy Fundraising Costs Truslees meetings 98.827 6816 IIX,243 118,589 3,759 685 7.810 1,701 1.600 3,819 1,524 2,311 6,332 2,311 6,332 3,549 1,966 1,489 1,956 1.489 526 1,247 526 1.247 1,488 1,013 2,724 2.037 2.037 122.rn S,416 128,194 145,192 NET INCOMINGI(OUTGOING) RESOURCE8 11, .156 Thls pag• does not frKm part ol the statutory fina141 statements Pa9e 14