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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 05575101 (England and Wales) REGISTERED CHARITY NUMBER: 1112680

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

HOME-START WALSALL (A COMPANY LIMITED BY GUARANTEE)

BCD Chartered Accountants Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR

HOME-START WALSALL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15

HOME-START WALSALL

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES S E Fox C Grant R Tipper N Brach A Lythall (resigned 18/3/21) REGISTERED OFFICE The Hive Hub The Square Lichfield Road Willenhall West Midlands WV12 5EA REGISTERED COMPANY 05575101 (England and Wales) NUMBER REGISTERED CHARITY 1112680 NUMBER INDEPENDENT EXAMINER BCD Chartered Accountants Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

CHILD PROTECTION OFFICER C Boughton

Page 1

HOME-START WALSALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES RESPONSIBILITIES

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 2021. 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 2015).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure of the Charitable Company for that year. In preparing those financial statements the trustees are required to

Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

HOME-START WALSALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure and Governance

Home-Start Walsall is a small charity that is increasingly required to operate to standards normally associated with larger charities or statutory bodies. It has an established track record of successful delivery and has a good local reputation.

Home-Start Walsall is governed by a Board of Trustees. The trustees hold Home-Start Walsall in trust for current and future beneficiaries by:-

o Providing leadership and direction within the ethos of Home-Start

o Ensuring the scheme has a clear vision, mission and strategic direction

o Being responsible for the effective performance and management of the scheme

o Ensuring the scheme complies with legal and regulatory requirements, the objects of the scheme, the governing documents including the Home-Start Standards and Methods of Practice, the Home-Start Agreement and quality standards

o Securing and guarding the scheme's assets and taking care of their security, deployment and proper application o Ensuring that the scheme's governance is of the highest possible standard

o Undertaking an ambassadorial role for the scheme

Mission

To help give children the best possible start in life, we support parents as they grow in confidence, strengthen and enjoy their relationships with their children and widen their links with the local community.

Values

Home-Start Walsall is based on a simple concept, that if parents get support and friendship from a volunteer or support group, at the right time, they will learn to cope with many of life's difficulties. A problem shared is a problem halved. The relationship of trust and friendship, built provides the foundation for parents to build a better future for their families, and benefits both parties.

o We offer families choice.

o We work in partnership - with each other, with families and with other agencies.

o We work in a spirit of openness, encouragement and enjoyment.

o We are flexible and responsive to the needs of families.

Although we follow the standards and methods of practice set out by Home-Start UK, we are a small independent and local charity, working to support families across Walsall. Our mission and values are the same as any Home-Start scheme; to offer a universal service, to all families, whatever their background and need, with a particular focus on families who are socially excluded and not engaging with other services. Home-Start Walsall has over the past 22 years shaped our scheme to accommodate the changing needs of our community and this can be quite different to other schemes in larger towns and cities or rural areas.

We have been providing low key, non-judgmental, befriending support to families across Walsall since 1999 to empower families and increase their confidence and ability to cope. Our practical and emotional support is holistic and is a whole family approach.

Governing Document

The organisation is an independent registered charity and company limited by guarantee. The company was established under a Memorandum of Association which provides the aims and objectives of the Charitable Company and governed by its Articles of Association.

Reserves Policy

The trustees set a reserves policy in 2018, which required that reserves are maintained at a level which ensures that Home-Start's core activity could continue during a period of unforeseen difficulty and a proportion of reserves are maintained in a readily releasable form.

The calculation of the required level of reserves is an integral part of the scheme's planning, budget and forecast cycle. It takes into account the risks association with each stream of income and expenditure being different from that budgeted, the planned activity level and the organisation's commitments.

Page 3

HOME-START WALSALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees aim to hold unrestricted reserves amounting to six months of running costs. This equated to approximately £55,000 as at April 2020. In addition to six months running costs the Trustees consider it necessary to hold unrestricted reserves of £36,000 for redundancy and wind up costs.

Public Benefit Statement

The Trustees have complied with their duty in section 4 of the Charities Act 2011 to have regard to the public benefit guidance published by the Commission in exercising their powers or duties.

Risk Management

The Board of Trustees regularly reviews the risks to which Home-Start Walsall is exposed. The risk register is reviewed on a six-monthly basis and action taken to mitigate the risks identified. Internal controls risks are minimised by the implementation of policies and procedures for the authorisation of all transactions. Policies and procedures are also in place to ensure compliance with health and safety for staff, volunteers and the families we support.

It is important that the Trustees remain risk alert but should not be averse to taking reasonable risks as part of their strategy, to support the aspirations of the Charity.

A Safeguarding Children policy is in place and Disclosure and Barring Services checks are carried out on all employees, volunteers and Trustees; these checks are carried out every three years in line with statutory guidance.

Key policies are regularly reviewed and updated as appropriate to reflect legislative changes, to meet charitable objectives and when considering the implementation of best practice.

All staff and volunteers are required to consider all identified risks when engaging in any activity on behalf of Home-Start Walsall and to act in accordance with our risk policy and procedures. All ongoing and new activities are reviewed and assessed for risk prior to implementation.

Scheme Report 2020 to 2021

Home-Start Walsall acknowledges that to be effective against social exclusion in the borough, agencies cannot work in isolation. We need to work together, continually developing new partnerships around common goals to make a significant difference.

Home-Start actively engages in partnerships that improve family support and children's services, we ensure the wealth of knowledge we have about the needs of families, their thoughts, ideas and feelings is heard by policy and decision makers and those responsible for implementing family support services.

The past year has been dramatically different and certainly the most challenging years we have been through since our inception in 1999. For the most part the Covid 19 pandemic ensured that for most people our lives were put on hold while at the same time, we had to adapt to the new circumstances and challenges. It seems a long time since the dreaded news hit in March 2020 and we have all learned a lot since then. We have made many changes to the way we support families in Walsall to ensure that we complied with restrictions and we continue to do this.

Our mission to support families in Walsall remained at the forefront of everything that we did.

We express enormous gratitude to our staff, trustees and volunteers who despite their own struggles, concerns and huge changes imposed on the way we live and interact with each other, have continued to support Home-Start Walsall and help us to work towards new systems and processes, to ensure that families were not alone during the pandemic.

Many families we support, already struggled with poor emotional health, isolation and loneliness and the past year only added to these issues. It was essential during this period that we found new ways to stay connected with families and indeed our volunteers who were unable to home-visit. With the help of both volunteers, trustees and families we found many ways to provide much needed emotional support, through one to one phone support, WhatsApp, video calls, socially distanced walks, online activities including story time, competitions, as well as our mobile library and activity packs which the children loved.

We made Christmas 2020 an extra special time, with volunteers coming on board to collect and sort, not only Christmas gifts but also Christmas Eve boxes which were all delivered by Santa and his elves (all Covid restrictions adhered to of course). This was a mammoth task but so worth it, our Christmas video even made it to Home-Start UK's online advent calendar.

Page 4

HOME-START WALSALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

During the pandemic, we had to move premises due to a change in use of our rented room, which was again due to the pandemic. Fortunately we found somewhere quickly and nearby, but we have been unable to feel the benefit from our new surrounds as we are still working remotely from home.

Despite Covid-19, Home-Start Walsall has achieved so much with the help and support of Trustees, Volunteers and the understanding of families who had to bear with some big changes within our services. We are looking ahead to better times when we can resume our groups and home-visiting support for families.

The past year saw a rise in "self referrals" from families reaching out for support and a lot less referrals from agencies, no doubt due to restrictions caused by the pandemic which made it more difficult to interact with families in need. Fortunately, we were able to take on all the self-referrals and offer support to each family in a way that suited them and the circumstances we all faced.

During the "year of the pandemic", we provided quality support, outside our usual remit to 72 Walsall families and 132 children with the help and dedication of 31 volunteers including Trustees.

We would like acknowledge the funders who have continued to support us through the pandemic, despite us needing to change our original plans and services. Funders have been completely understanding, flexible and supportive which has allowed us to continue providing much needed services to families whilst working within the Covid guidelines. Funding was received from Mossley Big Local, Children in Need, Big Lottery, Walsall Council Public Health, Edgar E Lawley, William A Cadbury, Alchemy Foundation and Home Start UK.

Value for Money

In December 2020 the number of looked after children in Walsall was 683, an increase of over 12% from 605 in January 2019. The cost in 2018 equated to over £48,300 per child per year.

The average cost of Home-Start Walsall supporting a child was approximately £390 per year or £770 per family in 2019/20. Our service therefore represents extremely good value. This value for money will continue, even though our costs increase year on year.

SUMMARY OF STATISTICS

Volunteers Number of volunteers over the period 31

Families Families supported this year 72 Children supported 132

Approved by order of the board of trustees on 13 December 2021 and signed on its behalf by:

R Tipper - Trustee

Page 5

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

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

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  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

  3. 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; or

  4. 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Steven J Bosley FCA BCD Chartered Accountants Second Floor 21 Graham Street Birmingham United Kingdom B1 3JR

13 December 2021

Page 6

HOME-START WALSALL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,411
Investment income
2
11
Total
11,422
EXPENDITURE ON
Charitable activities
Charitable activities
39,085
NET INCOME/(EXPENDITURE)
(27,663)
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes
-
Net movement in funds
(27,663)
RECONCILIATION OF FUNDS
Total funds brought forward
(56,039)
TOTAL FUNDS CARRIED FORWARD
(83,702)		 Restricted
fund
£
71,013
-
71,013
71,013
-
-
-
-
-		 2021
Total
funds
£
82,424
11
82,435
110,098
(27,663)
-
(27,663)
(56,039)
(83,702)		 2020
Total
funds
£
128,186
27
128,213
116,377
11,836
(76,574)
(64,738)
8,699
(56,039)

The notes form part of these financial statements

Page 7

HOME-START WALSALL

BALANCE SHEET 31 MARCH 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
439
CURRENT ASSETS
Debtors
8
189
Cash at bank and in hand
180,725
180,914
CREDITORS
Amounts falling due within one year
9
(19,481)
NET CURRENT ASSETS
161,433
TOTAL ASSETS LESS CURRENT
LIABILITIES
161,872
PENSION LIABILITY
11
(245,574)
NET ASSETS/(LIABILITIES)
(83,702)
FUNDS
10
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
439
189
180,725
180,914
(19,481)
161,433
161,872
(245,574)
(83,702)
(83,702)
(83,702)		 2020
Total
funds
£
878
2,663
203,371
206,034
(17,377)
188,657
189,535
(245,574)
(56,039)
(56,039)
(56,039)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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...

Page 8

HOME-START WALSALL

BALANCE SHEET - continued 31 MARCH 2021

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 13 December 2021 and were signed on its behalf by:

R Tipper - Trustee

The notes form part of these financial statements

Page 9

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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.

Income

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time with the SORP (FRS 102).

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

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.

Tangible fixed assets

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

Plant and machinery

Taxation

The charity is exempt from corporation tax on its charitable activities.

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.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled to be recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution pension scheme for the benefit of certain employees. Contributions are expensed as they become payable.

continued...

Page 10

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Employee benefits

The charity also contributes to a multi employer defined benefit pension scheme for certain employees. Contributions to the scheme are expensed as they are payable and a reserve established for the estimated deficit on the scheme attributable to the charity based on the latest actuarial valuation available. At the end of the year the charity had only one employee in the scheme. In view of their probable exit in the near future the charity obtained an indicative cessation actuarial valuation during the prior year (year ended 31 March 2018) and has based the deficit reserve on that as the most reliable information available.

Going concern

The financial statements have been prepared on a going concern basis. Despite the company falling into a net liability position, due to the increased pension deficit provision, the trustees have no expectations for the liability to to crystallise in the short term. Whilst there can be no certainty in relation to this, the trustees consider it reasonable to prepare the financial statements on the going concern basis.

2. INVESTMENT INCOME

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Deposit account interest 11 - 11 27

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 439 439

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

5. STAFF COSTS

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

2021 2020
Operations 3 3

No employees received emoluments in excess of £60,000.

continued...

Page 11

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
16,692
Investment income
27
Total
16,719
EXPENDITURE ON
Charitable activities
Charitable activities
4,883
NET INCOME
11,836
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes
(76,574)
Net movement in funds
(64,738)
RECONCILIATION OF FUNDS
Total funds brought forward
8,699
TOTAL FUNDS CARRIED FORWARD
(56,039)
7.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Restricted
Total
fund
funds
£
£
111,494
128,186
-
27
111,494
128,213
111,494
116,377
-
11,836
-
(76,574)
-
(64,738)
-
8,699
-
(56,039)
Plant and
machinery
£
1,756
878
439
1,317
439
878

continued...

Page 12

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
10.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
(56,039)
TOTAL FUNDS
(56,039)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
11,422
Restricted funds
Restricted general fund
71,013
TOTAL FUNDS
82,435		 2021
2020
£
£
-
2,500
189
163
189
2,663
2021
2020
£
£
-
399
1,600
3,520
4,121
2,204
13,760
11,254
19,481
17,377
Net
movement
At
in funds
31.3.21
£
£
(27,663)
(83,702)
(27,663)
(83,702)
Resources
Movement
expended
in funds
£
£
(39,085)
(27,663)
(71,013)
-
(110,098)
(27,663)

continued...

Page 13

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.19
£
Unrestricted funds
General fund
8,699
TOTAL FUNDS
8,699
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
16,719
(4,883)
Restricted funds
Restricted general fund
111,494
(111,494)
TOTAL FUNDS
128,213
(116,377)		 Net
movement
At
in funds
31.3.20
£
£
(64,738)
(56,039)
(64,738)
(56,039)
Gains and
Movement
losses
in funds
£
£
(76,574)
(64,738)
-
-
(76,574)
(64,738)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.19 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 8,699 (92,401) (83,702)
TOTAL FUNDS 8,699 (92,401) (83,702)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted general fund
TOTAL FUNDS		 Incoming
resources
£
28,141
182,507
210,648		 Resources
expended
£
(43,968)
(182,507)
(226,475)		 Gains and
Movement
losses
in funds
£
£
(76,574)
(92,401)
-
-
(76,574)
(92,401)

continued...

Page 14

HOME-START WALSALL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

11. EMPLOYEE BENEFIT OBLIGATIONS

Certain members of the charity's staff belong to the West Midlands Pension Fund which is a defined benefit pension scheme.

As members retire and the number of employees in the scheme reduce the likelihood increases that the charity will have to contribute significant amounts towards the estimated deficit of the scheme attributable to the charity. Previously such deficits would have been addressed by increased employer contributions over a period of time and reassessed at the next actuarial valuation.

As at 31 March 2021 there is one remaining employee in the scheme. The latest correspondence received from the West Midlands Pension Fund dated 10 March 2020 confirmed that if the organisation were to cease participation in the pension scheme the deficit payable would be £245,574, calculated on the minimum risk basis. The Trustees continue to consider it prudent to reserve for the deficit in full as at the present time that is the best available information available to them.

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 15