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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 05363089 (England and Wales) REGISTERED CHARITY NUMBER: 1112014

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

HOME-START LAMBETH

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

HOME-START LAMBETH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 21

HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report together with the financial statements of the charity for the year ending 31 March 2022 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

Reference and administrative information set out on page 3 forms part of this report.

The financial statements comply with current statutory requirements, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

OBJECTIVES AND ACTIVITIES Objectives and aims

The purposes of the charity, as set out in its governing documents are:-

Home-Start Lambeth's core service is matching local volunteers with local families with children under the age of 5 years living in the London Borough of Lambeth. We set goals with these families and our volunteers work with families to help them to achieve these goals. This model of empowerment and friendship is a lifeline to families experiencing considerable challenges. We continue to be impressed by the strength and resilience of our families and their determination to provide their children with the best possible start in life.

Home-Start Lambeth works in partnership with referrers to identify families in need of support and put in place appropriate support. This includes Social Workers, Health Visitors, Children Centre's and other Health Professionals. We also have many self-referrals, as families recognise themselves that they need extra help. We work with families with universal and targeted needs, preventing children from needing specialist help. Our weekly consistent home-based support helps families to recognise their own strengths and develop their own approaches.

The specific objectives of Home-Start Lambeth are to increase the confidence and independence of the family by:-

Page 1

HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Volunteers

Our volunteers continue to inspire us with their enthusiasm and dedication to supporting local families.

We ran our first face to face volunteer training during this period. It was fantastic to be back in the same room together. Volunteers commented that the domestic abuse, mental health and safeguarding elements of the training were particularly useful. One attendee commented:

"Very thorough course that really makes sure that people who are volunteering have a good idea of what might be expected of them and the whole range of types of situations they could conceivably encounter."

Page 2

HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

This year Home-Start Lambeth has provided 121 volunteer support and group support for families in need with young children. We also delivered the Freedom Programme for women who have experienced domestic abuse.

Data for the period 1 April 2021 - 31 March 2022 show the following:

How our activities deliver public benefit

We refer to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Home-Start Lambeth provides a range of benefits to the public as we aim to increase the confidence, wellbeing and independence of families through the provision of friendship, help and support. Our service is open to any member of the public with children under the age of five who needs to use the service because they are experiencing difficulties in their family life, subject only to our capacity. We then provide a range of support to these families, including parenting support, help with accessing services and improved health and well-being.

Key areas of our support this year included:

Core service

Our core family befriending volunteer service has been a lifeline for isolated families with pre-school children through a particularly challenging period. Our consistent weekly support improved the mental wellbeing and emotional resilience of struggling parents, so they were better able to meet the needs of their young children during their critical early years. This early intervention helped to mitigate the impact of the pandemic on the health, wellbeing and development of children.

Core service case study

We monitor changes in the lives of the families we support. Below is an example of the outcomes we achieved for families this year (names have been changed to provide anonymity):

When we first made contact with Josie, she had spent the night before at A&E having self-presented as suicidal. We talked about her 2 boys, one of whom is on the autism spectrum and was displaying behavioural problems, the other has a range of physical disabilities, which were affecting his ability to eat. Josie had to feed him every 2 hours, including through the night. As a result Josie had very little sleep, she was highly stressed and struggling to cope.

At the time, we were in lockdown, so after matching Josie with a volunteer they met up regularly in the park. Josie described these meetings as "lifesaving" as she was able to get out of the house and be supported with her 2 children. The volunteer found different approaches for managing her older son's behaviours linked to his autism. She shared these with Josie and together they were able to produce plans enabling Josie to respond differently and more effectively to her son's behaviours.

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

We boosted Josie's confidence and supported her to contact agencies including therapeutic support for herself as well as finding an appropriate school to accommodate her eldest son's autism. Josie was in an abusive relationship, and with our support she felt safe to leave her husband and ask him to move out of the home. As lockdown eased, her youngest son was able to have an operation to help with his feeding which meant that Josie was able to sleep as she didn't need to feed him every 2 hours. She was also able to get more support from her own family which enabled her to go back to work as a nurse. This has boosted her confidence and self-esteem even further. Throughout these significant life events, her volunteer and Home-Start staff provided emotional support - reassuring her that she was strong enough and capable enough to make these decisions for her and her family.

Towards the end of our support, our volunteer supported Rochelle to attend groups delivered by Whippersnappers, enabling her to make friends with other parents, including other parents of autistic children. She is learning to drive, is going for a promotion at work and is also planning a 2 week safari holiday just for her and her mum. Management of her son's behaviours alongside her confidence means that she now feels safe to leave her children in the care of her family so that she can enjoy a much needed break. Comments from Mum included: "I really couldn't have made it without Rochelle always cheering me on and telling me that I CAN do it... Rochelle always just listened and when she had a suggestion it be so helpful... I have never felt so confident in my entire life!

Groups support

Our groups have a strong track record of supporting families and meeting their needs.

o 88% agreed they had more ideas of how to support their child's learning (e.g. learning numbers and letters) and that they were more confident about the educational benefits of activities they do with their children o 88% of parents also reported they were more confident introducing new foods to their children o 100% of parents reported that attending groups had been helpful for their own wellbeing o 85% of parents said it had helped them to feel less isolated

Attendees at our groups said:

"My daughter presents autistic and is a fussy eater. Though she refused the snacks she was able to participate in activities and where she didn't want to Abi prepared alternatives which constantly kept her engaged. My daughter bonded very well with the staff always met Abi with big hugs, which is very amazing for a child who's very particular with her interactions. She was free and able to express herself safely and I was given the opportunity to relax and enjoy the activities which were much needed and very therapeutic."

"The support from Home start over the past year has been lifesaving. I have passed through many challenges, but most importantly I have learned new and effective ways of moving through touch [sic] times. My daughters development has improved greatly through the activities and I have been able to implement a lot of the advice and support from the staff in our daily life. "

Domestic abuse and the Freedom Programme

The delivery of the Freedom Programme continues to go from strength to strength and is now well recognised within the borough. Given the pandemic, we ran Freedom in the evenings via Zoom across this period. Attendees commented that it made it easier for those with caring responsibilities, disabilities and busy working lives to attend.

We use the Rosenberg self-esteem Scale to measure the impact of the Freedom Programme on beneficiaries. A Rosenberg score below 15 indicates problematic low self-esteem.

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Financial position

Total income for the year has dropped by £59,432 compared to 2020/21, which reflects the reduction in funding sources during the year.

Grant income has reduced by £48,191 in the year. Additionally the charity has deferred income of £45,567 which will be reflected in the 2022/23 financial statements.

This factor has meant that there was an overall deficit of £44,326. (2020/21 gain of £8,068).

The total funds carried forward was £37,080 of which £25,976 was unrestricted and £11,104 was restricted.

Principal funding sources

The Trustees continue to pursue a policy of seeking funding from diverse sources which has in the main been successful. During this year Home-Start Lambeth has received funding from a variety of sources including local trusts, national trusts and trusts established by corporate sponsors. A breakdown of these sources of funding is shown in note 2 to the financial statements. We are incredibly grateful to London Community, National Lottery, Henry Smith Charity, Garfield Weston and the Walcot Foundation, among others, for their generous on-going support and very much look forward to working with them again through 2022-2023 and beyond.

We continue to focus attention on securing on-going funding to ensure that we can provide high quality training to our volunteers and exceptional service delivery to the families in our community in need of our support. Further funding and replacement funding (as grants draw to a close) is required in order for us to fully achieve both our near- and medium-term business plan goals and continue to secure our long-term future. With this at the forefront of our minds we continue to seek to identify and apply for new sources of funding to cover both our project delivery and core costs whilst also maintaining a close control on our expenditure.

While funding remains an on-going consideration, the Trustees believe that through diversification of funding sources, particularly multi-year grants, on-going corporate support and working with individuals, will be the best way to create stability. Efforts are underway to continue developing these funding sources.

Investment policy and objectives

The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a reserve account and will seek to achieve as high a rate of return on deposit as possible.

At the year-end total investment income was £258 (2020/21: £93)

Reserves policy

The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. The Trustees aim to work to a minimum 12-month budget and to maintain reserves of at least 3 months of annual expenditure. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Although the strategy is to build reserves through planned operating surpluses, the Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Going concern

Note 1 in the notes to the financial statements explains that the charitable company's ability to continue as a going concern is dependent on it being able to secure new sources of income. For the financial year ended 31 March 2022, the charity has sufficient unrestricted reserves and has diversified its funding sufficiently to be able to continue in the same capacity. Several new funding bids continue to be pursued on an ongoing basis and expenditure is closely monitored to ensure that it remains closely aligned to income.

The disappointing year as per the Income and Expenditure Account has resulted in reserves falling below the ''3 months annual expenditure'' stated in the Reserves Policy. The goal very much is to address this and to build up the level of free reserves once again.

Whilst the Trustees acknowledge the inherent uncertainties that exist, they have nevertheless decided that it is appropriate to produce the financial statements on a going concern basis given the volume of new funding sources in the pipeline as well the on-going efforts to diversify funding and ensure the continuing delivery of Home-Start Lambeth to our community. Due consideration is given to the scope for the curtailment activities and thus expenditure should the need arise, though this is not the current assumption or expectation of the Trustees.

The main uncertainties currently are related to the cost of living crisis, not only controlling our own in house overheads, but also the extent to which the crisis will impact on potential funders. We are working to protect against these uncertainties and to build up free reserves by the following means.

1) minimising costs e.g. clerking costs have been eliminated

2) use of 2 consultants who are familiar with other Home Starts, one to assist with fundraising applications and one to advise on other matters.

3) the Home Start Lambeth web site has been considerably improved recently and we are confident this will assist with fundraising applications. Also social media connections have been and are being continually improved.

4) we have recruited/are recruiting additional volunteer trustees with specific skill sets eg human resources, legal, in order to better assist management.

At the time of writing, we are waiting to hear back regarding 4 separate applications worth a potential £67,742 over the next 3 years. Additionally, there are 2 applications worth £55,000 in progress.

The above resolutions give trustees and management confidence that Home Start Lambeth remains a going concern and will be able to trade through its current problems.

Covid-19

Covid had a significant impact on our staff, our volunteers and of course our families this year.

Our staff team faced exceptional challenges due to Covid 19 this year. Our Director Pareece, was particularly affected which impacted our abilities to fundraise for the year. This led to a restructure and redundancies which were very difficult for such a small team. By the end of the financial year the staff team reduced from 7 staff to just 3.

Our volunteers adapted well to providing remote support to families. They provided support over the phone & via Zoom. As restrictions changed, we reintroduced face to face support but kept this outdoors, in local parks and green spaces. This gave unexpected benefits, volunteers and families found this time spent outdoors particularly beneficial.

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

For our families, Covid continued to pose challenges. The lack of opportunities to form social connections due to the pandemic meant that isolation was a particular challenge. Our groups support was particularly helpful here, as was the reassuring ongoing 121 support of our volunteers. The winter of 21/22 was particularly tough as COVID and the cost of living was biting. The team provided many families with support around finances, including referrals to other organisations to ensure they were receiving their full benefits entitlements through to help with budgeting, accessing food banks etc. One family came to us after her Universal Credit had been cut in the week before Christmas. This mum of 4 children had £20, of which she was putting £15 on her electricity meter and had nothing left. We matched her payment on her meter as well as providing her and her family with duvets, referral to a food bank, a supermarket voucher (with a recommendation to purchase hot water bottles) as well as Christmas presents (funded by Hymans Robertson a corporate sponsor of our Christmas activity).

FUTURE PLANS

For now our future plans are to focus on the sustainability of our organisation and the wellbeing of our staff and volunteer team. We are nothing without our people: they are our greatest asset. The families we support have particularly acute needs and these needs will only be compounded by the cost of living crisis and reduced service provisions across both the statutory and voluntary sector. We will monitor this carefully and ensure that we remain agile in the face of these challenges.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 14 February 2005 and registered as a charity on 10 November 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

The directors of the company are also charity Trustees for the purposes of charity law and under the company's Articles are also known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association one-third of the members of the Management Committee must stand for re-election at the next Annual General Meeting.

Organisational structure

A board of Directors, collectively the Board of Trustees administer and govern the organisation. The Board of Trustees as a board bring multiple skills in order to manage the business of the company and come from a range of professional disciplines such as health, business management, education, marketing, public sector and private sector management, accounting and fundraising. The Board of Trustees meets every 4-6 weeks and co-opts 'skilled individuals' to support the organisation when and as required to deal with issues when they arise. The Trustees are responsible for the preparation of the accounts and the Company Secretary is responsible for making the appropriate returns to Companies House, Charity Commission and Her Majesty's Revenue and Customs. New members undergo an induction with Home-Start, the national organisation and the regional consultant.

Risk management

The Board of Trustees is responsible for ensuring that good practice is maintained in terms of health & safety, safeguarding the welfare of children, confidentiality, data security and equal opportunities amongst other things.

The Board of Trustees is responsible for:

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance

Home-Start Lambeth principles are based on the Standards and Methods of practice of the Home-Start national organisation:

Trustees and staff

During the year Danielle Harris, Emma Hook, Esen Khan Eva Holden, Philippa Jackson and Sian Sinclair resigned as trustees. It is with a particularly heavy heart we say goodbye to our long standing trustee and vice chair Sian. Her enormous contribution to the Home Start Lambeth will never be forgotten. She will remain a friend to the charity and has been joining us in our social engagements.

We welcomed several new trustees to the board: Elaine Parsons, Jan Peek & Jeannie Parsons joined us in March 2022 and more recently Andrew Slorance in October 2022 and Margaret Leonard in January 2023. We look forward to working with them to grow our charity and ensure ongoing support to families across Lambeth.

We said goodbye to several staff in the year. Johanna Bernard left us in November 2021, Johnny Murwill in January 2022, Pareece Sandiford in February 2022 and Safia Mun in April 2022. We are immensely grateful to these staff for their dedicated work and support for our charity, at what was an extraordinary time for families in Lambeth.

Sophie Bannister was appointed in May 2022 as a volunteer and communication officer. In October 2022, Rebecca Rew was promoted to Administration & Systems Officer. Both have shown great initiatives and support to Susie, our Head of Service.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05363089 (England and Wales)

Registered Charity number

1112014

Registered office

Unit 2 Holles House Overton Road London SW9 7AP

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Trustees

A L Alexander M Bannister - Treasurer D C Harris (resigned 15/6/2021) E Holden (resigned 11/3/2022) E Hook (resigned 18/10/2021) P J Jackson (resigned 23/3/2022) E Khan (resigned 7/7/2021) S E Sinclair (resigned 1/3/2022) S Hrabar-Owens - Chair (appointed 10/5/2021) E Parsons (appointed 1/3/2022) J Peek (appointed 1/3/2022) J Pitt (appointed 1/3/2022) A P Slorance (appointed 14/10/2022) A A Lawal (appointed 7/11/2022) M Leonard (appointed 9/1/2023)

Independent Examiner

Leanne Leverington ACA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Bankers

Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG

Approved by order of the board of trustees on 25 January 2023 and signed on its behalf by:

S Hrabar-Owens - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START LAMBETH

Independent examiner's report to the trustees of Home-Start Lambeth ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement - matters of concern identified

I have completed my examination.

Having completed my examination, I would bring to your attention the comments in the Trustee's report regarding the uncertainties inherent in the current and future financial situation. I do not disagree with the Trustees conclusions in respect of going concern, but there remains a material uncertainty in this regard.

I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; and

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Leanne Leverington ACA Institute of Chartered Accountants in England and Wales Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

25 January 2023

Page 10

HOME-START LAMBETH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
33,527
Charitable activities
Charitable Activity
-
Investment income
3
258
Other income
-
Total
33,785
EXPENDITURE ON
Raising funds
3,700
Charitable activities
Charitable Activity
85,515
Total
89,215
NET INCOME/(EXPENDITURE)
(55,430)
RECONCILIATION OF FUNDS
Total funds brought forward
81,406
TOTAL FUNDS CARRIED FORWARD
25,976		 Restricted
funds
£
120,392
6,667
-
-
127,059
-
115,955
115,955
11,104
-
11,104		 2022
Total
funds
£
153,919
6,667
258
-
160,844
3,700
201,470
205,170
(44,326)
81,406
37,080		 2021
Total
funds
£
202,110
13,502
960
3,704
220,276
1,650
210,558
212,208
8,068
73,338
81,406

The notes form part of these financial statements

Page 11

HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

BALANCE SHEET

31 MARCH 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
360
CURRENT ASSETS
Debtors
9
4,838
Cash at bank and in hand
80,254
85,092
CREDITORS
Amounts falling due within one year
10
(59,476)
NET CURRENT ASSETS
25,616
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,976
NET ASSETS
25,976
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
11,104
11,104
-
11,104
11,104
11,104		 2022
Total
funds
£
360
4,838
91,358
96,196
(59,476)
36,720
37,080
37,080
25,976
11,104
37,080		 2021
Total
funds
£
-
3,902
160,087
163,989
(82,583)
81,406
81,406
81,406
81,406
-
81,406

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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HOME-START LAMBETH (REGISTERED NUMBER: 05363089)

BALANCE SHEET - continued

31 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 January 2023 and were signed on its behalf by:

S Hrabar-Owens - Trustee

M Bannister - Trustee

The notes form part of these financial statements

Page 13

HOME-START LAMBETH

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees consider that the Covid-19 pandemic will not have a significant impact on the charity's core funding. Income from trading activities is expected to reduce due to the lockdown conditions and steps are being taken to make cost savings. The trustees regard any impact to be short term rather than affecting the charity's ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable.

Revenue grants are credited to the statement of financial activities when received or receivable whichever is earlier.

Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions the incoming resource is deferred. Income generated from the supply of goods or services is included in the statement of financial activities in the period in which the supply is made.

For legacies, entitlement is taken as the earlier of:

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

continued...

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HOME-START LAMBETH

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

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

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

Fixtures and fittings - 25% on cost Computer equipment - 33% on cost

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution 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.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants		 2022
£
2,497
151,422
153,919		 2021
£
10,759
191,351
202,110

Page 15

continued...

HOME-START LAMBETH

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

2. DONATIONS AND LEGACIES - continued

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

Children In Need
Help For Children
Henry Smith Charity
London Community
Walcot Foundation
Lambeth NHS
National Lottery
P Minet Trust
Hyman Roberts
Sylvia Adams
Bulldog Trust
London South Bank University
Garfield Weston
Awards for All
Pears
INVESTMENT INCOME
Deposit account interest
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent examination fee		 2022
£
-
8,530
22,500
42,629
19,388
6,707
29,167
3,334
-
-
-
-
15,000
834
3,333
151,422
2022
£
258
2022
£
180
2,550		 2021
£
26,047
23,463
22,500
7,975
34,413
10,370
49,553
6,666
2,700
3,000
3,964
700
-
-
-
191,351
2021
£
960
2021
£
1,389
2,880

3.

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

During the year a total of £1,240 (2021: £1,200) was paid to the Trustees' in respect of professional services provided by them in respect of board secretary.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

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

6. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
Key Management Personnel remuneration amounted to £38,445.
The average monthly number of employees during the year was as follows:
Charitable activities
Governance
No employees received emoluments in excess of £60,000.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
43,625
Charitable activities
Charitable Activity
2,797
Investment income
960
Other income
3,704
Total
51,086
EXPENDITURE ON
Raising funds
1,650
Charitable activities
Charitable Activity
41,368
Total
43,018
NET INCOME
8,068
RECONCILIATION OF FUNDS
Total funds brought forward
73,338		 2022
£
146,245
8,624
3,860
158,729
2022
5
1
6
Restricted
funds
£
158,485
10,705
-
-
169,190
-
169,190
169,190
-
-		 2021
£
136,422
8,519
3,483
148,424
2021
5
1
6
Total
funds
£
202,110
13,502
960
3,704
220,276
1,650
210,558
212,208
8,068
73,338

continued...

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

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
TOTAL FUNDS CARRIED FORWARD
81,406
-
8.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 April 2021
8,979
4,385
Additions
-
540
At 31 March 2022
8,979
4,925
DEPRECIATION
At 1 April 2021
8,979
4,385
Charge for year
-
180
At 31 March 2022
8,979
4,565
NET BOOK VALUE
At 31 March 2022
-
360
At 31 March 2021
-
-
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
63
Other debtors
1,039
Prepayments and accrued income
3,736
Prepayments
-
4,838		 Total
funds
£
81,406
Totals
£
13,364
540
13,904
13,364
180
13,544
360
-
2021
£
-
2,081
-
1,821
3,902

continued...

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2022
£
19
6,171
454
52,832
59,476		 2021
£
271
-
758
81,554
82,583

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Walcot
Home-Start UK
Pears
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
London Community
National Lottery
Walcot
Lambeth NHS
P Minet Trust
Home-Start UK
Garfield Weston
Awards for All
Pears
TOTAL FUNDS		 At 1/4/21
£
81,406
-
-
-
-
81,406
Incoming
resources
£
33,785
42,629
29,167
19,388
6,707
3,334
6,667
15,000
834
3,333
127,059
160,844		 Net
movement
At
in funds
31/3/22
£
£
(55,430)
25,976
3,736
3,736
5,316
5,316
2,052
2,052
11,104
11,104
(44,326)
37,080
Resources
Movemen
expended
in funds
£
£
(89,215)
(55,430
(42,629)
-
(29,167)
-
(15,652)
3,736
(6,707)
-
(3,334)
-
(1,351)
5,316
(15,000)
-
(834)
-
(1,281)
2,052
(115,955)
11,104
(205,170)
(44,326		 Net
movement
At
in funds
31/3/22
£
£
(55,430)
25,976
3,736
3,736
5,316
5,316
2,052
2,052
11,104
11,104
(44,326)
37,080
Resources
Movemen
expended
in funds
£
£
(89,215)
(55,430
(42,629)
-
(29,167)
-
(15,652)
3,736
(6,707)
-
(3,334)
-
(1,351)
5,316
(15,000)
-
(834)
-
(1,281)
2,052
(115,955)
11,104
(205,170)
(44,326
11,104
(44,326

continued...

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

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/20
£
Unrestricted funds
General fund
73,338
TOTAL FUNDS
73,338
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
51,086
Restricted funds
Help For Children
23,463
London Community
7,975
National Lottery
49,553
Walcot
34,413
Lambeth NHS
10,370
BBC Children In Need
26,047
Hyman Roberts
2,700
Bulldog Trust
3,964
Home-Start UK
10,705
169,190
TOTAL FUNDS
220,276		 Net
movement
At
in funds
31/3/21
£
£
8,068
81,406
8,068
81,406
Resources
Movement
expended
in funds
£
£
(43,018)
8,068
(23,463)
-
(7,975)
-
(49,553)
-
(34,413)
-
(10,370)
-
(26,047)
-
(2,700)
-
(3,964)
-
(10,705)
-
(169,190)
-
(212,208)
8,068

The purpose of the restricted funds held by the charity are listed below:

Help For Children - providing the Domestic Violence project. National Lottery - purpose of recruiting, training and supporting volunteers. Walcot - providing the Resilient and Ready project. Lambeth NHS - training on Domestic Violence and the Home-Start model. University Of Greenwich - providing a placement for a social work student.

continued...

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

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 21