Annual Report 2022/23
Charity No. 1113432 Company No.5659978
Alex James - President
I have always found it a privilege to enter a home wearing the Home-Start cap. We find ourselves walking into the inner sanctum of a very private place, and we are welcomed. Because our wonderful staff prepares us, the initial meeting is made easier, but after that, we have to make our own way. Of course, we have backup and wisdom from our team. Still, when we visit, we use our life knowledge, personalities, and expectations on top of all the training we have abided by. But it is our ourselves that create the relationship with the family. Many of us have had to pull on our own life experiences to untangle the problems our families face. We have the power of listening, caring, understanding, and, above all, kindness. I am not saying we are a bunch of saints; I most certainly am no saint. But I care. After a few visits, relationships develop, suggestions are made, happy hours together, and laughter begins to blossom. A few little kindnesses come between you and your family, and I return home happy.
So to all our wonderful volunteers, I know you are all like-minded kindred spirits and, like me, find our Home-Start journey a personal privilege too.
Andy Walkden - Chair of Trustees
Last year Home-Start Herefordshire (HSH) celebrated its 40th anniversary. I said at the AGM that one of my personal aims for HSH is to ensure that the organisation will be there to celebrate its 50th (even if I am not!). Why? Because the need for services HSH provides is increasing, not diminishing, children and families are facing more pressure than ever from daily life with the cost of living and other challenges.
HSH can only do what it does with the support of people who give us the gifts of their time, money, and expertise. So my first thank you is to everyone who helps make a difference to HSH so that we can make a difference to the families we support, ensuring no child's future is limited.
I would also like to thank all the organisations that fund the important work we do. As budgets are squeezed and charitable trusts see increasing demands, we are grateful for the funding we do get. Yet while early intervention and prevention are far more cost-effective in any scenario, the national trend is for interventions to be increasingly late and less cost-effective (10,000 more children in care in 2020 than in March 2013, 48% more child protection investigations over the same period (Source: "Too Little Too Late: Early Help and Early Intervention Spending in England" Action for Children 2022).
We realise the statutory sector, both for Herefordshire and beyond, has to manage increasingly complex cases with less resources, and the amount of money spent on early help/intervention is also in decline. If, as a country, we do not find a way to reverse this trend and increase support for early intervention, statutory children's services will be overwhelmed.
Over the next ten years, HSH is aware that raising awareness of our early intervention services is crucial to supporting children, families, and Herefordshire Council. As part of the Strategic Plan, we aim to inform people and organisations we work with or would like to work with about the Early Help/Early Intervention work and the cost benefits HSH delivers. We have started this process at our 40th AGM. For example, we welcomed as keynote speakers Sarah de Rohan, the then High Sheriff of Herefordshire, and Peter Grigg, Chief Executive of Home-Start UK.
This year we have added two new faces, David Welton and James Teppin, to the organisation. David has joined the Board of Trustees and brings a wealth of experience from running European-wide multi-million pound projects. James is the first male family coordinator for HSH and comes to us from a commercial background. I welcome both to HSH and look forward to working with them.
If I was asked what unites the people who work for HSH, both in paid and voluntary roles, it would be compassion and a desire to change the world into a better place for others. To our home-visiting volunteers, employees, and trustees, I thank you all for your time, energy, and for caring. Everybody does a fantastic job. However, this year I'd like to especially thank Mandie Preece, Scheme Manager, who is not always recognised for her important role in ensuring HSH remains viable and a crucial source of support for Herefordshire children and families.
Thank you.
Mandie Preece – Scheme Manager
2022 marked the 40th year of Home-Start Herefordshire, which gave us the perfect opportunity to celebrate and reflect upon all we have achieved working with Herefordshire families who need our unique support service. The difference we have made to the lives of families and children within our local community and the legacy that the support can provide is invaluable; as an organisation we are indebted to the kindness, generosity, and dedication that all staff, trustees, and volunteers have shown and the valuable contribution that each and every person has played in the past four decades.
It has been a challenging year for us as an organisation with many changes both internally (experienced staff retiring and recruitment of new staff, some challenges with volunteer recruitment) and externally (lasting impacts of the COVID-19 pandemic and current difficulties with the cost of living) to manage effectively. However, I feel as an organisation we have risen to these challenges with determination and resilience, thus providing overall a very positive year supporting Herefordshire families.
Challenges of Cost of Living: Due to the current cost of living crisis, we have seen a greater number of families struggling financially and experiencing associated challenges such as poor mental health, isolation, and poverty. For these families, we have worked with several of our partner agencies (Citizen Advice, debt crisis support, the Department for Work and Pensions, countywide food banks, and utility providers), enabling access to the help, advice, and expertise they desperately need, i.e., help and advice with energy payments, warm weather grants, benefit checking, food and care packs, fuel payments, debt management advice, and warm weather clothing. Certain times of the year have been incredibly challenging for families struggling financially, with added costs at the start of school terms and holiday periods and struggles at Christmas.
We have been especially grateful to the following for their support over the festive period:
BT kindly offered us 12 months of free Broadband and Chromebooks for those families experiencing digital exclusion. This has been invaluable for families to support children's education and homework, access resources, and provide a platform for connection with others.
White Stuff provided emergency funding and gifts to struggling families for Christmas and the festive period, which have been very well received by many.
Sunshine Radio provided us with many wonderful toys through their 'Christmas Toy Appeal'; this has meant that all our supported children received a toy for Christmas, reducing the worry for many parents and carers that their children would go without and providing lots of happiness for all.
Volunteer Model: With the lifting of Covid restrictions, we saw the return to our successful model of providing volunteer family support in the home. This support has been gratefully received by the families and volunteers eager to see each other face-to-face.
Volunteer Recruitment and Training: It has been a disappointing year regarding volunteer recruitment, with us only being able to successfully recruit a small number of new volunteers. However, we have seen several of our resting volunteers return to volunteering, enabling us to effectively support 87 families and 171 children. We have also continued through the delivery of online and in-person training sessions to up-skill our experienced volunteer team by providing new training on topics such as ADHD, Autism, Healthy Eating, Domestic Abuse, and Safeguarding refresher. This additional training has enabled our volunteers to approach the associated challenges experienced by families with confidence, compassion, and awareness while also enhancing their experience and expertise.
Increased number of children supported with complex additional needs: Over the past few years, resources and support services for children with complex additional needs have greatly reduced. As a result, our organisation has provided increased support for families struggling with children with SEND (Special Educational Needs and Disability). Our specialist volunteer team has been instrumental in ensuring some of our most vulnerable children receive the best possible help and support to enable them to reach their developmental milestones and ensure their feelings are considered, and their voices heard when planning for their future.
Despite the challenges of the past year, I am proud of what we have achieved as an organisation and I am looking forward to the year to come. Again thank you to all our past and present volunteers, staff, trustees, families, and supporters who have made our work possible. Although times have been tough, I am always inspired by the dedication and passion everyone has for the organisation and what we do.
Many, many thanks; we couldn't have done it without you all!
2022 marked 40 years of Home-Start Herefordshire, and we celebrated at our AGM
Ii UDD(Jvt sup Ort ien Itk¢ .K*- Thankyou t all who attende the event
Tam Thomas - Family Group Coordinator
Monday mornings see families from Kington and the surrounding villages converge on the Kington Parish Room for a little bit of "Home-Start TLC" for a couple of hours. The kettle is on from 10 am, and toys and crafts are set up to entertain and keep our little ones happy and busy so that parents can sit down and enjoy a hot drink, chat and relax. We have a fabulous team of Home-Start volunteers in Amber, Caroline, Jan, and Elaine who go above and beyond to make sure everyone has a nice time, feels comfortable, and of course, has a good giggle!! They also entertain the children and offer support/shoulder to cry on and even vegetables from their gardens!
This year we have received funding from The Mumford Memorial Trust and Kington United Charities that has enabled us to visit our local play cafe and offer our families hot drinks and cake as a treat and meals for the children, which was very much appreciated. We have had picnics in the parks and walks by the river. However, our favourite outing was to Shobdon Airfield (when the sun shone), where we watched the planes, played football, had our picnics, and were even allowed to go in the Hangers and get up close to some of the aircraft. I hope all our families are left with lovely memories, and we look forward to meeting many new families in the new term for more fun and laughter.
Jan Doran - Volunteer Representative
As the Volunteer Representative to the Board of Trustees, I have had a lovely sociable year. So far, I have held seven informal coffee mornings in the market towns to meet fellow volunteers, attended most Support meetings to maximise meeting people, and met all new volunteers before they go out into the wider HomeStart world. These have all been very enjoyable times on my part, and enlightening to discover other people's impressions of Home-Start volunteering. I have fed back the ideas and concerns to Mandie, and we are working on them. I am looking at arranging some further times and venues to meet up soon, so keep an eye out for my emails. Feel free to attend any venue. Please come and meet up. Don't feel location bound. I have completed eight modules of the Healthy Happy Home training course. I personally found the training valuable and interesting (lots of useful links and easy recipe ideas) and delivered in an accessible way. I look forward to seeing you all.
New recruits
James Teppin - Assistant Coordinator
One day I was shopping at my local Co-Op, and a poster caught my eye. It was asking for dads to volunteer for Home-Start Herefordshire. Hmmm, why Dads, I thought, surely a family support charity needs women? Well, perhaps some children do not have a positive father figure, I reasoned, or maybe it doesn’t matter if you’re a man; you could still help people. What a position of trust, what an honour, so I became a volunteer. Easier said than done during Covid, but the Home-Start team got me there. I instantly found the training fascinating, and the more I completed it, the more I realised I had found my career path, something I actually wanted to do.
I quickly signed up with the Open University for a course in social studies; it was a balancing act combining study, full-time work, and my family life with volunteering in the summer holidays. However, Home-Start Herefordshire was advertising for a new Assistant Coordinator, so I decided to apply. Retail’s loss...
Well, what a whirlwind it has been. The Home-Start Herefordshire team couldn’t have been more helpful, so friendly, and supportive. The job? Well, have you heard the phrase no two days the same? You have your day organised, then the phone rings, your emails ping, and yes, Mandie has a new family for you. But I wouldn’t change it. I love it. And as for being the man on the team, I’m proud to be one of the girls.
David Welton - Trustee
I knew a little about Home-Start from a bystander’s perspective. Still, I was unaware of the dedication and professionalism of everyone involved and exactly what support Home Start delivers daily to so many families and individuals. What I found within the Home-Start family is simply amazing!
Working as a Home-Start Herefordshire trustee has given me the opportunity to meet others working in the charity sector locally and across the county in differing originations. All greatly regard and admire what we do and the dedication of our volunteers and coordinators. Home-Start is seen as providing real and focused early support where needed and, in many cases, defusing and soothing situations well before they escalate. I am proud and privileged to be a trustee in our organisation.
Maggie Matthews - Fundraising Volunteer
During Maggie's 78th year, she decided to undertake a similar challenge to the one she set herself in her 50th year; 50 miles swim in the year, 50 mile walk in a week, and a 50 mile cycle on her 50th birthday. This year Maggie is completing her 80th birthday challenge to complete 800,000 steps, an 80,000 metre swim, and 800 km on a gym bike in a year. No mean feat, as a new knee at the start of the challenge meant that, inevitably, the start was delayed. However, March 2023 found the challenge on time and on target.
Support has been promised from various sources such as Cargill, The Lions, Tupsley Women's Institute, and the Fownhope, Marches, and Gateway Bridge Clubs. Friends and family have also been very generous, increasing the initial target of £800 total to £800 per charity. The chosen charities are dear and important to Maggie's heart, Home-Start Herefordshire, Mind and Carers in Herefordshire. Watch this space.
Other events this year
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Cathedral New volunteers
Christmas being trained
Fair
Sunshine Radio-
Christmas Toy
Appeal
Hereford Lads Club
Information Day
Bartestree
Village Fete
Vouchers from
The Lower Home-Start UK
Deckers Sea Cost of Living
Shanty evening Crisis Appeal
Feedback
"The volunteer was
"Before I met B (volunteer), I
lovely, welcoming,
felt excited but a bit nervous;
made an effort with the
she made me feel happy and “Before I met H
kids, and clearly wanted
----- End of picture text -----
Feedback
"The volunteer was lovely, welcoming, made an effort with the kids, and clearly wanted to be there for us." “Thank you ever so (Mum) much for your support and taking my son out and letting him express "G (volunteer) was himself, it’s really funny, calm, kind, and helped him open up and happy. She made me feel feel better about happy, relaxed, safe, himself.” (Mum) listened to and important." (Child 7 yrs)
"Before I met B (volunteer), I felt excited but a bit nervous; she made me feel happy and important. I loved playing Frozen Unicorn. I now feel happier, and I feel bright. I really loved B. I didn't want her to leave, but I feel a lot better now. Thank you so much." (Child 8 yrs)
“Before I met H (volunteer), I worried about secondary school and friends. I now feel safe and happy and listened to. H helped Mum as well because we now do more together. I enjoyed playing games and chatting with H; she has made a difference in my life." (Child 11 yrs)
Jeremy Stobart - Treasurer
In financial terms the 2022/2023 has been a reasonably satisfactory year. Although there has been a marked uptick in expenditure (approximately 9% on 21/22), there has been a greater increase in income, mainly from increases from existing institutional funders and/or new funding grants.
Total expenditure has increased this year at £165,385 (2022 : £152,006). This is mainly due to increased staff costs/pay rises. Total income (core and restricted combined) was significantly increased as mentioned above on last year at £178,982 (2022 : £146,734). This increase is slightly skewed by the fact that last year’s income was down on 2021’s income which was a slightly ‘Freak’ year due to Covid related ‘Emergency Funding’. There was a surplus for the year on core/unrestricted activities of £12,383 (2022 : £1,408 surplus). In addition our restricted reserves have rallied slightly with a surplus of £1,124, so our overall restricted reserves deficit has reduced from negative £7,580 to negative £6,456. Our overall reserves have increased to £79,501 (2022: £65,994). Note that within the overall reserves figure above, £20,750 of this is designated, by funders, towards operations in 2023/2024. Thus cleared undesignated funds stand at £58,751
As ever my praise goes out to Mandie and her hard-working and fairly newly installed team for their achievements, not just financially but operationally as well, in keeping costs down and drawing in additional income streams.
Our current unrestricted reserves only provide minimum cover for emergencies such as shortfalls in funding or unexpected expenditure. The Trustees continue to believe that reserves equivalent to six months expenditure, i.e. circa £80,000, are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the current reserves provide for just under six months of expenditure cover (2021: 5.5 months, just under 4.5 months taking into account designated funds), the Trustees believe this is sufficient to meet the minimum requirements to continue operations.
These are still difficult times. Although we have experienced a slightly less tumultuous year in respect of staffing and operations, we are starting to see greater challenges arise in the public sector with regards to funding models. Many companies and charities continue to struggle to fill staffing posts and we are not immune to this. The rise in the cost of living, energy costs, inflation allied with depressed financial markets will have an effect on us all, and everyone, including Home-Start will feel the squeeze in the coming year/s.
Amounts were received from Eveson Charitable Trust, Herefordshire Council, BBC Children in Need, EF Bulmer Trust, Herefordshire Community Foundation, HFT Forklifts, Rathbone Moral Aid Charity, The SR & PH Southall Charitable Trust, Kington United Charities, Tesco Community Grants, Asda Foundation, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments, William A Cadbury, Philip Witcomb, White Stuff, Mumford Memorial Trust, Brailsford Charity, Four Acre Trust, Hereford City Rotary Club and Friends who make regular donations. TRP Sealing, Adsa and SIMTECH also kindly loan out their boardrooms for Trustee and Volunteer meetings. We are grateful for their support. In addition money was received in the form of donations from individuals and the proceeds from fund raising events.
We are grateful to the donors for their generosity and to all those involved in fund raising events for their hard work and commitment.
Thank you for your support:
The Brailsford Charity
SR & PH Southall Trust
Kington United Charities The Rathbone Memorial Aid Charity The Witcomb Fund Mumford Memorial Trust
44&ME RT Herefordshire Company Limited By Guarantee Unaudited Financial Statements For The Year Ended 31" March 2023
HOME-START HEREFORDSHIRE COErfPANY LJMrrED BY GUARAKfEE FINANCtAL STATEMEKrs YEAR ENDED 3 1st MARCH 2023 Page Reference and Administrati IJAforxnation TnLSt¢¢d annual reprt (incotw)rating the directors, r¢port) Statement of financial activities (illcludmg illcome and ¢xpenth'ture account) Statement of financial position io Notes to the FuncI&l statements
Reference and Administrative information Trustees Andy Walkden Jeremy Stobart Helen Tank Jan Frances Philippa Wride Virginia Taylor David Welton Chair Treasurer Safeguarding (Joined March 2023} Stheme Manager Mandie Preece Prinapal address and registered office Lakeside Offices Unit 15utte A. Thom Business Park Rotherwas Hereford HR2 6JT Company reglstration number 05659978 Charity registration number 1113432 Bankers Lloyds T5B High Town Hereford HRI 2AE COIF Charity Funds 80 Cheap5ide London EC2V 6DZ Independent Examiner Andy Bonnelle RJ Franci5 & Co Chartered Accountants & Registered Auditors Incorporating Bonelle & Co Marshall Business Centre Faraday Road Hereford HR4 9N5
Trustees. Report The Trustees, who are directors for the purpose of company law, present their annual report toEether with the financial statements of the charitable company for the year ending 31st Marth 2023. Objectives and Activities We are a d)arity that wants children and young people to have the best start in life. Our mission is to provide the support to achieve this. Home-start Herefordshire (HSHI aims to help families build better lives for their children by recruitin& training and supervising volunteers who offer sUPPOrt, friendship and practical help to families experiencing diffiojlties. We aim to provide sUPPOrt acr05S the county and to all families referred to us. The difficulties our families experience are often complex and reflectthe issues facin8 families identified in county research: challenging and antl-SOCTal behaviour", mental health i55ues affecting both parent5 and children; chIldn in poverty- domestic abuse: srhrjol absenteeism and low academic achievement; substance abuse. and overcrowded housing conditions. A5 3 charitable company HSH is dependant for its fvnding on grant aid, contractual agreements and funtl raising. Funding uncertainty both in terms of publlc finance constraints and the short- temi nature of other funding sources is a major issue and HSH needs to continually review its priorities and service delivery. Athieyements and Perfomiance 2022 marked the 40th year of Home-start Herefordshire, which gave us the perfect opportunity to celebrate and reflect upon all we have achieved working wtth Herefordshire families who need our unique support service. The difference we have made to the lives of families and thild7En Within our local community and the legacythat the support can provide is invaluable," as an organisation. we are indebted to the kindness. generosity, and dedication that 311 staff, trustee& and volunteers have shown and the valuable contribution that each and every person has played in the past four decade5. It has been a challenging year for us as an organisation with many internal changes fexperiencefj staff retirin8 and recruiting Dew staff, some ¢hallen8es with volunteer recruitment) and external Oasting impacts of the COVID-19 pandemic and current difriculties with the cost of living) to manage effectively. However. as an organisation. we have risen to
these challenges with determination and resilience. thus providing over311 a very positive year supporting Herefordshire families. Challenges o Cost of Living Due to the current cost of living crisis. we have seen a greater number of families struggling financially and experiencing associated challenges such as poor mental health, isolation, and poverty. Forthese families, we have worked with several of our partner agencie5 (Citizens Arlvice, dEbt crisis support. the Department for Work and Pensions, countywide food banks, and utility providers), enabling access to the help, advice. and expertise they desperately need, i.e.. help and advice with energy paymenty warni weather grants, benefrt checkin& food and care packs, fuel payments. debt management advice. and warm weather clothing. Certain times of the year have been incredibly challenging for families struggling financially, with added costs at the start of school terms and holiday periods and struggles at Christmas. We have been extremely grateful to the following for their sUPPOrt over the festive period: BT kindlyoffered us 12 months of free Broadband and Chromebooks for those families experiencing digital exclusion. This has been invaluable for families to support children's education and hOMeYrk, access resources, and provide a platform for connection with others. White stuff provided emergency fijnding and gifts to Struggling families for Christmas and the festive period, which have been very well received by many. Sunshine Radio provided us with many wonderful toys through their'christmas Toy Appeal,: this has meant that all our supported children received a toy for Christmas, reducingthe worry for many parents and carers that their children would go without and providing lots of happiness. Volunteer Model With the lifting of Covid restrictions, we saw the return to our successful model of providing lunteer family 5UPPOrt in the home. This support has been gratefully received by the families and volunteers eager to see each other face-to-face. However. we have also wanted to reflect on our pandemic experiences. So, we have built on what we learned by continuingto offer virtual lines of sUPPOrt for families. This has been particularly beneficial for those who struggle with soci31 interaction and communication. and something we will continue to provide where needed. Fqmi7y Feedba( "Thank you everso much fvr yoursupport ondfor taking my son out ond letting him express himself. Its TEollyhelped him open up andfvel better about himself." (Mum) "We os Gfvmily ht7ve really appreciated the sUPPOrt. particularly getting things in ploce to moke thing5 easierformy daughter at school." (Dadj "The volunteer was lovefy. welcoming, mode un effort with the knds. and clearly wonted to be thefr us." (Mumj -aetore I metH fyolunteerl. I worried oboutsecondary5chool andfrlends. I nowftel soft und hoppy ond listened to. H helped Mum as well becouse we now do more together. l enjoyed ploying gomes ond chathng with H," she hos made o difference in my lift." (Child, 11 yrs)
°Before I met B (volunteer), Ifelt excited but a bit nervous,. she made mefeel hoppy and importont. I loved ploying Frozen Unicorn. I nowfeel happier, and Ifeel bright. I really loved B. I didn't want her to leuve, but lftel o lot better now. Thonk you 50 much." (Child, 8 yrs) Volunteer Recruitment and Training It has been a disappointing year regarding volunteer recruitment. with us only able to recruit a few new volunteers successfully. However, several of our resting volunteers have returned to volunteerin& enabling us to support 87 families and 171 children effectively. We have also tontinued through the deliveryof online and in-person training sessions to up-skill our experienced volunteer team by providing new training on topics such as ADHD, Autism, Healthy Eatin& Domesti( Abuse. and Safeguarding refresher. This additional training has enabled our volunteers to appTD3ch the a550ciated challenges experienced by families with confidence, compassion. and awareness while enhancingtheir experience and expertise. Increased number of thildren supported with complex additional needs Over the past few years, resources and support services for children with complex additional needs have greatly reduced. As a result, our organisation has provided increased support for families struggling with children with SEND (Special Educational Needs and Disabilities). Our specialist volunteerteam has been instrumental in ensuring some of our most vulnerable children re1ve the best possible help and supportto enable them to reach their developmental milestones and ensure their feelings are considered and their voices heard when planning fv)r their future. Despite the past yeafs challenges, we are proud of what we have achieved as an organisation, and we are looking fOard to the coming year. Again. thank you to all our past and present TlUnteerS, staff. trustees, families, and supporters who have made our work possible. Alihough times have been tough. we are always inspired by the dedication and passion everyone has forthe organisation and what we do. Many. many thanks: we couldn't have done it without you all! Finanrial Review Jeremy Stobart-Treasurer In financial terms. 202212023 has been a reasonably satisfactory year. Although there has been a marked uptick in expenditure (approximately 9% on 211221. there has been a greater increase in income, mainly from increases from existin8 institutional funders and/or new funding grants. Total expenditure has increased this year to £165,38512022:£152,006). This is mainly due to increased staff costs/pay rises. Total income (Core and Restricted combined) was significantly increased as mentioned 3bove. on last year at £178.98212022: £146.734}. This increase is slightly skewed by the fact that last year's income was down on 2021's income, which was slightly'FrEak' year due to cov1d-1ated, Emergency Funding., There was a surplus for the year on Corelunrestricted activities of £12.38312022: £1,408 surplu51. In addition, our restricted reserves have rallied 51ht1Y with a surplus of £1.124, so our overall restricted reserves deficit has reduied from negative £7,580 to negative £6,456. 50 our overall reseNes have increased to £79.50112022= £65.994). Note that within the overall reserves figure above. £20.750 15 desi8nated by funders towards operations Tn 202312024. Thu5, cleared undesignated funds stantl at £58,751. As ever, my praise goe5 Dut to MandFe and her hard-worklng and Pdirty newly installetl team fortheir BchievEments, not just financially but operationally as well, in keeping costs dDvm and drawing in additional income streams. Our current unrestricted reserves only
provide minimum cover for emergencies such as shortfalls in funding or unexpected expenditure. The Trustees continue to believe that reserves equivalent to six months, expenditure, i.e., circa £80,000, are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the current reserves provide for just under six months of expenditure cover12021'. 5.5 months, just under 4.5 months, taking into account designated funds), the Trustees believe this is sufficient to meet the minimum requirements to continue operations. These are still difficult times. Although we have experienced a slightly less tumultuous year regarding staffing and operations, we are starting to see greater challenges arise in the public sector regarding funding models. Many companies and charities continue to struggle to fill staffing posts, and we are not immune to this. The rise in the cost of living, energy costs, and inflation allied with depressed financial markets will affect us all, and everyone, including Home-start Herefordshire will feel the squeeze in the coming year/s. Amounts were received from Eveson Charitable Trust. Herefordshire Council, BBC Children in Need. EF Bulmer Trust, Herefordshire Community Foundation, HFT Forklifts, Rathbone Moral Aid Charity, The SR & PH Southall Charitable Trust. Kington United Charities, Tesco Community Grants, Asda Foundation, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments Isl, William A Cadbury. Philip Witcomb, White Stuff, Mumford Memorial Trust, Brai15ford Charity, Four Acre Trust, Hereford City Rotary Club and Friends who make regular donations. TRP Sealing, ASDA, and SIMTECH also kindly loan their boardrooms for Trustee and Volunteer meetings. We are grateful for their support. In addition, money was received in the form of donation5 from individuals and the proceeds from fundraising events. We are grateful to the donors for their generosity and to all those involved in fundrai5in8 events for their hard work and commitment. Statement of Trustees, Responsibilities The Trustees Iwho are also directors of Home-start Herefordshire for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statement in accordance with United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and applicable law and regulation. Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unle55 they are satisfied that they give a true and fair view of the state of the charitable company and of its incoming resources and application of resources. including its income and expenditure, for that period. In preparing these statements, the Trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent; State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in busines5. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the compan¢s transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 2023 and signed on their behalf by: Andy Walkden Chair
HOME-START HEREFORDSlltRE COMPANY LIMtfED BY GUAKANTEE INDEPENDENT EL4MINER'S REPORT TO THE TRUSTEES OF HOME.START HEREFORDSHIRE YEAR ENDED 31st MARCH 2023 I report to the tnL8tees on my examinthon of the financial stat¢ments of Home-start Herefordshire ("the Cl1) for th¢ year ended 3 1st March 2023. Responsibiknties and basis of report As the tThttrs of the company (and also its directors for the puryx)ses of company law) you are responsible for the preparation of the financial stat¢ments in accordan¢¢ 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 2Iy)6 Act al eligible for independent examination. I report in r¢spect of my examination of harit)Is awounts as rIal out under section 145 of the Charities Act 2011 ("the 2011 Act.). Ln ¢wing out my examination I have follow] th¢ Direclions given by the Charity Comrnission under &%tion 145(5)(b) of the 2011 Act. tndependent exanwier's statement I have o)mpithl my examination. I tx>nfimi that no ntterS have come to my attentioll in conne¢lion with the nInaOll ¥iving me caSe to believe: accounting records were not kept in r&spect of the charity &s rquired by section 386 of the 2006 Act" or the financial statements thi not ac(y)rd with those records. or the financial statements do not comply with the accouttting rquirements of section 396 of the 2006 Act other than any requirement tljat the accounts giv¢ a'true and fair. view which is not a matter (vnsidered as part of an independent eAaminatson' or the financ4al statements have not been prepared in accordance with the methods and prtn¢iples of the SeMent of Recommend Prnctice lor accounting and reporting by Charities appliÉxbl¢ to chatities preparing their accounts in accordance with the Financial R4K)rting Standard appli(*ble in the UK and Republic of Ireland (FRS 102). I have ao c4)rtc¢ alld have come across no other matters in connection with the examination to whith atttion should b¢ drawn in this rqx)rt in ord¢r to enable a proper understanding of the accounts to be r1. fbg&oW- Andrew Bonelle FCA arteral AcLxTruntant Dated: 31st October 2023
HOME-START HEREFORDSHIRE COMPANY LIMtfED BY GUARANTEE STATEMENT OF FINANCIAL ACTIvr[S YEAR ENDED 3 1st MARCH 2023 includin income and ex ¢nditure account Unrestricted Restricted Total Funds Funds Funds 2023 Total Funds 2022 Notes Income and Endowments Donations and legacies Clwitabl¢ activities Other trading activities Invesunent tncome Other ino)me 83,154 83,154 89,500 1,876 952 3,410 65,862 77,000 1,256 1,043 1,573 89,500 1,876 952 3,410 Total Income 89,392 89,500 178,892 146,734 Expenditure Expenditur¢ on fundratsiog: Expenditure on ¢haritabl¢ activities Costs of raising donations and lewies io 11.12 11.12 121 163,059 2,205 74,683 2,205 88,376 150,726 1,280 Total Expendire 77,009 88.376 165,385 152,006 Net incomd(expenditure) and net llvennt in funds 12.383 1,124 13,507 {5,272) Rwoncilixtion of Fwids Total hllxls brought lorward 73.574 (7,580) 65,994 71,266 Total Furtds Carried For1 85,957 (6,456) 79,501 65,994 The stateent of financial activiti¢s includes all gains and losses recognised in the year. All income and expenditure derive trom continuing activities.
HOME.START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FtNANCIAL POSITION YEAR ENDED 3 1st MAIiCH 2023 2023 2022 Not Fixd Assets Tangibl¢ Ftxed Assets 17 740 964 Current Assets D¢btors Investments Cash at bank and in hand 18 19 9,052 72,522 9,523 58,338 81,574 67,861 Crditors: Amounts falling du¢ within one year 20 2,813 2,831 Nd Cuffent Assets 78,761 65,030 Totsl Assets less CuLTent Lxabilities 79,501 65,994 FUlS of the Clwi Restricted Funds unSl¢t Funds (6,456) 85,957 (7,580) 73,574 Total Chari Funds 22 79,501 65,994 For the year ending 31 st March 2023 the charity was entitled to exemption from audit under section 477 of the 2006 Act relating to small a)mpanies. Dirrftorf resp)nsibilities: the members hav¢ not wuKr&l the (xTrmpauy to obtsin an audit of its financial statements for the year in question in accordance with section 476. tb) the directors acknowledge their r&sponsibilties for MplyIng with the requir¢ments of the Act with rw ts) a(£ounting recx)rds and th¢ preparation of fmallcial statan¢nts. The5¢ financial statemellts ha been prepared in accordance with the special provisions appli¢able to cnmpanies subject to th¢ smatl companies, 1¢. These [KIal slat¢ments wer¢ appLY)vaJ aud signd by the trustees and autknrised for issueoD 31st O¢tob¢r 2023. and ale sign1 on beha]fof Ihc boaTd by. Andy Walkden io
HOME-START HEREFORDSHIRE COE¥lPANY LDArrED BY GUAIL4NTEE NOTES TO THE FANCIAL STATEMENtS YEAR ENDED 31st MARCH 2023 General InforniatioD The charity is a public benefit entity and a private company limited by guarante4 registered in England and Wales and a regist¢r¢d charity in England and Wales. The address of the restered office is Lakeside Offices, Suite I, Unit l & Thorn Business Part Roth¢rwas, Hereford, HR2 6JT. Statement of Compliance These financiat statements have been prepared in compliance with FRS 102. The statement of Recommendal Practice applicable to charKties preparing their accounts in accord&n¢e with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (Charities SORP and the 2006 Act. Aeeounting polieies Basis of Preparation The financial statements have been prepar1 on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investtnent properties me&suted at fair value through income or expenditure. The fitLqncial statements are PTyral in sterlin& which is the fiLnctiotMI currency of the entity. Going Concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertaijjty There are no material judgetnents or key sources of estimation un¢¢rtainty. Fund Accounting Unrestricted funds are available for use at the discretion of the trusttts to firtber any of the clwitys purposes. Des1t funds are unrestrict&l fi]nds earnwked by the trthstees for a particular future project or a)mmitmellt. Restricted fvnds are subjecteAI to restrictions on their expenditure declared by the donor or thn)ugh the tertns of an appeal, and fall into onc or two sub-classeA: r&stri¢ted income fuKLds or cxthmrynent funds.
HOME-START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs YEAR ENDED 31st MARCH 2023 Accounting policies (eolltinued) In¢oming Resources All InMIllg rcsources are included in the statement of ffftancial activities when entitlement has passed to the charity, it is probable that the econotnic benefits associated with the transaction will flow to the charity and the amount can be reliably measura. The following specific policies are 4pplidl to Particular Categories of income: income from donations or grants is roLSeA1 when there is evidence of entitlement to the gil( receipt is probable and its amount can be measured reliably. (a) O)) legacy income is recogniseAI when receipt is probable and entitlement is established. (c) income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recOls in the accounts when e1val if the value can b¢ reliably measured. No amounts are included for the contribution of gener&1 volunteers. income fivm contracts for the supply of services is recOglsea with the delivery of the ntracta wvice. This is cl&ssifirAI as unrntricted funds Unl there is a contracttl uirement for it to b¢ spent on a particukr putT)ose and return if unspcnL in which case it nY be regarded as restiicted. (d) Resources Expended Expendiiur¢ is on an acouals basis &$ a liabiitiy is incued. Expenditure includes any VAT whith cannot be tully recov¢r&l and is ¢Ilfied under heading5 of the statement of financial activities to which it relates: (a) expenditLc on raising fill$ includes the costs of all fundraising activities. events, non-charitable tiIng activities, and the sale of donated goods. (b) expenditure on charitable activities includes all (x)sts incurred by a charAty in undertaking activities that fither its thatitable aims for the benefit of its beneficiaries: including those support costs and relating to the governance of the charity apportioneAI to dwitabl¢ activities. (c) other expenditure includes all expenditure that is neither related to raising fimds for the charity nor part of its expenditure on charitable activities. All costs are alk>catd to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned lyetwttn the activitiw they o)ntnl)ute to on a reasonable, justifiable and consistent basis. Tan¥bJe Asse Tn1)le assets are initially recorded at sE and subsequenty Stated at cost less any accumthata dweciation and impairnient losses. Any tangible assets Carr1 at reVll amounts are rerdl at the fair value at the date of revaluation less any subsc4uent accumulatvl depreciation and subsquent accumulated impairment losses. 12
HOME-START HEREFORDSHlliE COMPANY LIM BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st frfARCH 2023 Accounting policies (continued) T4ngibIe Assets (continued) An in(zease in the carrying amount of an asset &s a result of a revaluatio is rccognised in other recogniwl gains and losses, unless it revers&s a charge for impairnient that has previolY been reCOlS¢d as expenditure within the statem¢nt of financial activities. A decrease in the Carrying amount of an asset &$ a result of revaluatio is recolsed In other recogoised gains and losses, unless it offsets any previous revaluation gain, in which c&se the loss is shown withtn other gains and losses on the statement of financial activities. Depreciation Depreciation is Calculat so Is to write off the cost or valuation of an asseL less its Idual value. over the economic life of that Set as follows: Fixtur&s and fittAx)gs 150/0 reducing balance Impairment of Fixed Assets review for indicators of impairnient is Carri out at each reporting date. with the recoverable amount being estimatd where su¢h indicators exist. Wbere the Carrying value exceeds the r0Verable amount, the asset is in]paired accordingly. Prior itnpaimlents are also reviewed for )SSAbl¢ reversal at each reporting date. For the purEX)ses of impaimient testin& wh¢tA it is not possibl'e to estimate the recoverable amount of an individual asseL an estimate is made of the recoverable amount of the cash- gerating unit to which the asset belongs. The cash-generdting unit is the sn]allest Kdentifiable group of assets that includes the asset and generates cash infiows that are largely independent of the cash infiows fix)m other assets or wups of assets. For inydirnent testing ofgwjodwill, the goodwill a¢qwred in a business combination is, from the acquistion date, allocat to each olthe Cash-generating units that are expected to benefit from the Synergies of the tx)rnbinatio irrespectsve of whether other assets or liabilities of th¢ charity are assigned to those units. Fin*n¢ig1 Instruments A financial asset or a financial liability is recognised only when th¢ charity becomes a party to the contractual provisions of the instrumenL Basi¢ financial instrtunents are initially recognised at the amount receivable or payable including any r¢lata transaction ¥x)sts. Curreftt assets and current liabilities are subsquently measured at the cash or other Debt instnllnents are subsequendy me&sured at amortised cosL 13
HOME-sfART HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL sTATEmEs YEAR ENDED 3 1st MARCH 2023 Aeeounting policAes (continued) Fillaneial InstrnmeDt$ (continued) Whexe inveskneats in shar¢s are publicly traded or their fair value call otherwise be measured reliably, the investment is subs4uently measu1 at fair value WAth changes in fair value twisal in illu)me and expcnditur& All other such inv&stments are subwuently measured at le55 imwainnenL Other financial instruments, including dettvatives, are initially recogntsed at fair value, unless paynKnt for an asset is deferred beyond nonnal bwiness temjs or financed at a rate of interest that is not a market rate, in which ras¢ th¢ asset is measured at th¢ pr¢sent value of the futur¢ payinents distx)unt&l at a nwket rate of interest for a similar debt instnllnent. Other financial instnllnents are subsequently measured at fair value, with any changes recognised in the stateent offinancial activities, with the exception of hedging instruments in a designat41 hslgillg relationship. Financial assets that are •sured at cost or amortised cost are reviewed for objective evidence ofimpaimient at the ¢nd oleach ryrting date. If there is objective evidence of impairmenL an impairment loss is rxIgniSed under the appropriate headmg in the statement of financial activities in which the intial ain w&s recognised. For all equity instruments regardless of significance, and other financial assets that are individuallysigDifitxn¢ thue are assesseAI individually for impairnient. Other financial &ssets are either ass¢ssed illdiyidually or gmupal on th¢ ba318 of similar credit risk characteristics. Any reVersS of inwairnient are recognised in]mediately, to the extent that the reversal does not result in a Caying amount of the financiat asset that exceeds what the caIng amount would have been had the imp8imient not previously been reColSl. Defmed Contribution Plans ContiibutiQELS to defined contribution plans are recognised as an expense in tbe period in which the latl s1¢¢ is pn)vide& Prepaid (x)ntributions are reeo8nised &s an &sset to the extent that the prqMncnt will lead to a tnluction in tuture payinents or a cash refund. When contrtbutions are not expected to be settled wholly within 12 months of the end of the reporttng dat¢ in wbich the employees render the related servic4 the liability is me&sured on a discountal present value basis. The unwinding of the discouut is reco1$ as an expense in the paiod in which it arises. Limited by Guaralltee Thc £]lty is a£hty IiDlit¢d by guardntee and consequtIY doGS not have sbare capital, ¢a¢h of the membws is liable to contribute an amount not exceeding Nil towards the assets of the charity in the r¥t of liquidation. 14
HomTART HEREFORDSHIRE COIrfPANY LtMfFED BY GUARAwfEE NOTES TO THE FINANCL4L STATEMENTS YEAR ENDED 31st MARCH 2023 Donations and Legacies Unrestri¢tPAI Tot21 Fund$ Unrestricted Funds 2023 Funds Total Funds 2022 Donations tndividual Donations Institutional Donati(ms 15,733 67,421 15,733 67,421 8.085 56,650 8,085 56,650 Gifts Gifts aid reclaimfAI 1,127 1,127 83,154 83,154 65,862 65,862 Ch2ritabIe Activities Restricted Total Funds Restricted Funds 2023 Funds Total Funds 2022 Grants receivabl¢ 89,500 89,500 77,000 77,000 Other Trading Activities uThSlCted Total Funds Unrestricted Funds 2023 Funds Total Funds 2022 collection income 1,876 1,876 1,256 1,256 ryvestment Income Unrestricted Total Funds Unfft8tricted Funds 2023 F)mds Total Funds 2022 Other inlrtstment ino)tn¢ 952 952 1,043 1,043 Other Income Unrnstricted Total Funds Unrestricted Funds 2023 Funds Total Funds 2022 Toy library clnIng income 392 3,018 392 3,018 274 1.299 274 IA99 3,410 3,410 1,573 1,573 15
HOMETART HEREFORDSHIRE COMPANY LLMfFED BY GUAIIANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2022 ID. Costs of Raising Dollatiolls and Legaeies Unrestrict Total Funds Unrcstricted Funds 2023 Funds Total Funds 2022 Fundtxising 121 121 ii. Expeuditure Charitable Aetivities by Fund Type Unrestricted Restricted Total Funds Funds Funds 2023 Clwttable activities Supp)rt Lx)sts 74,804 2,205 88,376 163,180 2,205 77,009 88,376 165,385 Unttstricted Restricted Funds Fullds Total Funds 2022 Clwitable activities Support tx)sts 69,862 1,280 80,864 150,726 1,280 71,142 80.864 152.006 Expenditsre oll Charitable activities by AetiYAty Type Activities UndertAken Di1 ort Total Funds Costs 2023 Total Fund 2022 C1[table actAvities 74,804 2,205 88.376 163,180 2,205 150,726 1,280 77,1)09 88,376 165,385 152,006 13. Net Inlme/(ExpendIture) Net ino)me/(expenditure) is stated after tharnJ(cr¢ditlng). 2023 2022 Dewiatsjn of tangible fix as 224 244 14. llldependent Examinatioll FeES Fe&$ Fayable to the indq)athnt examiner for: Indepenknt examination of the finauciai statements 900 900 16
HOME-START HEREFORDSHlliE COMPANY L]MITED BY GUARANTEE NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31st MARCH 2023 15. Staff Costs The total staff costs and employee benefits for the reporting p¢rAod are analysed as follows= 2023 2022 Wages and salaries Employer contributions to pension plans 134.846 4,836 126,500 4,349 139,682 130,849 Th¢ av¢rag¢ head o)unt of ¢mployr¢s during the year was 8 (2022: 8). The averdge numb¢r of fidl-time equivalent employees during the year is analysed &s follows: 2023 2022 Number of staff - type I No employee rettived employee benefits of more than £60,000 during the year (2022.. Nil). Trustee Remuneration Expenses No tntees, nor any peon$ connected with them, have receiv ally remuneration from the 17. Tangible Fixed Assets Fixtures and Fittin Cost At l April 2022 Additions 5,673 At 31 March 2023 5,673 Depeciation At l April 2022 Charge for the year 4,709 224 At 31 March 2023 4,933 Carrying Ajnount At 31 2023 740 At 31 Marth 2022 964 17
HOME.sfART HEREFORDSHIRE COMPATrfY L]m BY GUAIIANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2023 18. Debtors 2023 2022 Ttade Debtors 19. Investments Other tnvestments 9,052 9,523 20. Credits)rs: amounts falling due within one year 2023 2022 Trade Cralitors A411$ and Deferred tn(x)me 1,913 1,931 900 2,813 2,831 21. PensioS and other post retireDJent benefits Dered contribution plans The amount recognised ill in¢ome or expenditure as an expense in relation to defined c<mttibution plans was £4836 (2022: £4349}. 22. Allalysi$ ofcharitable Funds Unrestricted lunds AtIA 2022 At 31 March 2023 Income Ex General Funds 73,574 89,392 77,009 85,957 AtIAril 2021 At 31 March 2022 InLX)me Ex enditure General Funds 74,982 69,734 71,142 73,574
HOME-START HEREFORDSHtRE COMPANY LIMED BY GUARANfEE NOTES TO IHE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2023 22. Analysis of Charitable Funds (continued) Restricted Funds AtIA 2023 At 31 March 2023 Income Ex enditure Re5trict&l Fund (7,580) 89,500 88,376 (6,456) AtIA 2022 At 31 March 2022 Jncome Ex enditure Restricted Fund (3,716) 77.0(K) 80,864 (7,580) 23. Analysis of Net Assets Between Funds UtLrestricted Restricted Total Funds Funds Funds 2023 Tangible fixd assets Investments Current &ss¢ts Crolitors less than one year 512 9.052 79,206 (2,813) 228 740 9,052 72,522 (2.813) (6,684) Net Assets 85.957 (6,456) 79,501 Unrestricted Restricted Funds Funds Total Funds 2022 Tangtble fixed assets tnvestrnents Current assets crltorS less than one year 685 9,523 66.197 (2,831) 279 964 9.523 58,338 (2,831) (7,859) Net Assets 73,574 (7,580) 65,994 19
44&ME RT Herefordshire Company Limited By Guarantee Unaudited Financial Statements For The Year Ended 31" March 2023
HOME-START HEREFORDSHIRE COErfPANY LJMrrED BY GUARAKfEE FINANCtAL STATEMEKrs YEAR ENDED 3 1st MARCH 2023 Page Reference and Administrati IJAforxnation TnLSt¢¢d annual reprt (incotw)rating the directors, r¢port) Statement of financial activities (illcludmg illcome and ¢xpenth'ture account) Statement of financial position io Notes to the FuncI&l statements
Reference and Administrative information Trustees Andy Walkden Jeremy Stobart Helen Tank Jan Frances Philippa Wride Virginia Taylor David Welton Chair Treasurer Safeguarding (Joined March 2023} Stheme Manager Mandie Preece Prinapal address and registered office Lakeside Offices Unit 15utte A. Thom Business Park Rotherwas Hereford HR2 6JT Company reglstration number 05659978 Charity registration number 1113432 Bankers Lloyds T5B High Town Hereford HRI 2AE COIF Charity Funds 80 Cheap5ide London EC2V 6DZ Independent Examiner Andy Bonnelle RJ Franci5 & Co Chartered Accountants & Registered Auditors Incorporating Bonelle & Co Marshall Business Centre Faraday Road Hereford HR4 9N5
Trustees. Report The Trustees, who are directors for the purpose of company law, present their annual report toEether with the financial statements of the charitable company for the year ending 31st Marth 2023. Objectives and Activities We are a d)arity that wants children and young people to have the best start in life. Our mission is to provide the support to achieve this. Home-start Herefordshire (HSHI aims to help families build better lives for their children by recruitin& training and supervising volunteers who offer sUPPOrt, friendship and practical help to families experiencing diffiojlties. We aim to provide sUPPOrt acr05S the county and to all families referred to us. The difficulties our families experience are often complex and reflectthe issues facin8 families identified in county research: challenging and antl-SOCTal behaviour", mental health i55ues affecting both parent5 and children; chIldn in poverty- domestic abuse: srhrjol absenteeism and low academic achievement; substance abuse. and overcrowded housing conditions. A5 3 charitable company HSH is dependant for its fvnding on grant aid, contractual agreements and funtl raising. Funding uncertainty both in terms of publlc finance constraints and the short- temi nature of other funding sources is a major issue and HSH needs to continually review its priorities and service delivery. Athieyements and Perfomiance 2022 marked the 40th year of Home-start Herefordshire, which gave us the perfect opportunity to celebrate and reflect upon all we have achieved working wtth Herefordshire families who need our unique support service. The difference we have made to the lives of families and thild7En Within our local community and the legacythat the support can provide is invaluable," as an organisation. we are indebted to the kindness. generosity, and dedication that 311 staff, trustee& and volunteers have shown and the valuable contribution that each and every person has played in the past four decade5. It has been a challenging year for us as an organisation with many internal changes fexperiencefj staff retirin8 and recruiting Dew staff, some ¢hallen8es with volunteer recruitment) and external Oasting impacts of the COVID-19 pandemic and current difriculties with the cost of living) to manage effectively. However. as an organisation. we have risen to
these challenges with determination and resilience. thus providing over311 a very positive year supporting Herefordshire families. Challenges o Cost of Living Due to the current cost of living crisis. we have seen a greater number of families struggling financially and experiencing associated challenges such as poor mental health, isolation, and poverty. Forthese families, we have worked with several of our partner agencie5 (Citizens Arlvice, dEbt crisis support. the Department for Work and Pensions, countywide food banks, and utility providers), enabling access to the help, advice. and expertise they desperately need, i.e.. help and advice with energy paymenty warni weather grants, benefrt checkin& food and care packs, fuel payments. debt management advice. and warm weather clothing. Certain times of the year have been incredibly challenging for families struggling financially, with added costs at the start of school terms and holiday periods and struggles at Christmas. We have been extremely grateful to the following for their sUPPOrt over the festive period: BT kindlyoffered us 12 months of free Broadband and Chromebooks for those families experiencing digital exclusion. This has been invaluable for families to support children's education and hOMeYrk, access resources, and provide a platform for connection with others. White stuff provided emergency fijnding and gifts to Struggling families for Christmas and the festive period, which have been very well received by many. Sunshine Radio provided us with many wonderful toys through their'christmas Toy Appeal,: this has meant that all our supported children received a toy for Christmas, reducingthe worry for many parents and carers that their children would go without and providing lots of happiness. Volunteer Model With the lifting of Covid restrictions, we saw the return to our successful model of providing lunteer family 5UPPOrt in the home. This support has been gratefully received by the families and volunteers eager to see each other face-to-face. However. we have also wanted to reflect on our pandemic experiences. So, we have built on what we learned by continuingto offer virtual lines of sUPPOrt for families. This has been particularly beneficial for those who struggle with soci31 interaction and communication. and something we will continue to provide where needed. Fqmi7y Feedba( "Thank you everso much fvr yoursupport ondfor taking my son out ond letting him express himself. Its TEollyhelped him open up andfvel better about himself." (Mum) "We os Gfvmily ht7ve really appreciated the sUPPOrt. particularly getting things in ploce to moke thing5 easierformy daughter at school." (Dadj "The volunteer was lovefy. welcoming, mode un effort with the knds. and clearly wonted to be thefr us." (Mumj -aetore I metH fyolunteerl. I worried oboutsecondary5chool andfrlends. I nowftel soft und hoppy ond listened to. H helped Mum as well becouse we now do more together. l enjoyed ploying gomes ond chathng with H," she hos made o difference in my lift." (Child, 11 yrs)
°Before I met B (volunteer), Ifelt excited but a bit nervous,. she made mefeel hoppy and importont. I loved ploying Frozen Unicorn. I nowfeel happier, and Ifeel bright. I really loved B. I didn't want her to leuve, but lftel o lot better now. Thonk you 50 much." (Child, 8 yrs) Volunteer Recruitment and Training It has been a disappointing year regarding volunteer recruitment. with us only able to recruit a few new volunteers successfully. However, several of our resting volunteers have returned to volunteerin& enabling us to support 87 families and 171 children effectively. We have also tontinued through the deliveryof online and in-person training sessions to up-skill our experienced volunteer team by providing new training on topics such as ADHD, Autism, Healthy Eatin& Domesti( Abuse. and Safeguarding refresher. This additional training has enabled our volunteers to appTD3ch the a550ciated challenges experienced by families with confidence, compassion. and awareness while enhancingtheir experience and expertise. Increased number of thildren supported with complex additional needs Over the past few years, resources and support services for children with complex additional needs have greatly reduced. As a result, our organisation has provided increased support for families struggling with children with SEND (Special Educational Needs and Disabilities). Our specialist volunteerteam has been instrumental in ensuring some of our most vulnerable children re1ve the best possible help and supportto enable them to reach their developmental milestones and ensure their feelings are considered and their voices heard when planning fv)r their future. Despite the past yeafs challenges, we are proud of what we have achieved as an organisation, and we are looking fOard to the coming year. Again. thank you to all our past and present TlUnteerS, staff. trustees, families, and supporters who have made our work possible. Alihough times have been tough. we are always inspired by the dedication and passion everyone has forthe organisation and what we do. Many. many thanks: we couldn't have done it without you all! Finanrial Review Jeremy Stobart-Treasurer In financial terms. 202212023 has been a reasonably satisfactory year. Although there has been a marked uptick in expenditure (approximately 9% on 211221. there has been a greater increase in income, mainly from increases from existin8 institutional funders and/or new funding grants. Total expenditure has increased this year to £165,38512022:£152,006). This is mainly due to increased staff costs/pay rises. Total income (Core and Restricted combined) was significantly increased as mentioned 3bove. on last year at £178.98212022: £146.734}. This increase is slightly skewed by the fact that last year's income was down on 2021's income, which was slightly'FrEak' year due to cov1d-1ated, Emergency Funding., There was a surplus for the year on Corelunrestricted activities of £12.38312022: £1,408 surplu51. In addition, our restricted reserves have rallied 51ht1Y with a surplus of £1.124, so our overall restricted reserves deficit has reduied from negative £7,580 to negative £6,456. 50 our overall reseNes have increased to £79.50112022= £65.994). Note that within the overall reserves figure above. £20.750 15 desi8nated by funders towards operations Tn 202312024. Thu5, cleared undesignated funds stantl at £58,751. As ever, my praise goe5 Dut to MandFe and her hard-worklng and Pdirty newly installetl team fortheir BchievEments, not just financially but operationally as well, in keeping costs dDvm and drawing in additional income streams. Our current unrestricted reserves only
provide minimum cover for emergencies such as shortfalls in funding or unexpected expenditure. The Trustees continue to believe that reserves equivalent to six months, expenditure, i.e., circa £80,000, are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the current reserves provide for just under six months of expenditure cover12021'. 5.5 months, just under 4.5 months, taking into account designated funds), the Trustees believe this is sufficient to meet the minimum requirements to continue operations. These are still difficult times. Although we have experienced a slightly less tumultuous year regarding staffing and operations, we are starting to see greater challenges arise in the public sector regarding funding models. Many companies and charities continue to struggle to fill staffing posts, and we are not immune to this. The rise in the cost of living, energy costs, and inflation allied with depressed financial markets will affect us all, and everyone, including Home-start Herefordshire will feel the squeeze in the coming year/s. Amounts were received from Eveson Charitable Trust. Herefordshire Council, BBC Children in Need. EF Bulmer Trust, Herefordshire Community Foundation, HFT Forklifts, Rathbone Moral Aid Charity, The SR & PH Southall Charitable Trust. Kington United Charities, Tesco Community Grants, Asda Foundation, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments Isl, William A Cadbury. Philip Witcomb, White Stuff, Mumford Memorial Trust, Brai15ford Charity, Four Acre Trust, Hereford City Rotary Club and Friends who make regular donations. TRP Sealing, ASDA, and SIMTECH also kindly loan their boardrooms for Trustee and Volunteer meetings. We are grateful for their support. In addition, money was received in the form of donation5 from individuals and the proceeds from fundraising events. We are grateful to the donors for their generosity and to all those involved in fundrai5in8 events for their hard work and commitment. Statement of Trustees, Responsibilities The Trustees Iwho are also directors of Home-start Herefordshire for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statement in accordance with United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and applicable law and regulation. Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unle55 they are satisfied that they give a true and fair view of the state of the charitable company and of its incoming resources and application of resources. including its income and expenditure, for that period. In preparing these statements, the Trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent; State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in busines5. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the compan¢s transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 2023 and signed on their behalf by: Andy Walkden Chair
HOME-START HEREFORDSlltRE COMPANY LIMtfED BY GUAKANTEE INDEPENDENT EL4MINER'S REPORT TO THE TRUSTEES OF HOME.START HEREFORDSHIRE YEAR ENDED 31st MARCH 2023 I report to the tnL8tees on my examinthon of the financial stat¢ments of Home-start Herefordshire ("the Cl1) for th¢ year ended 3 1st March 2023. Responsibiknties and basis of report As the tThttrs of the company (and also its directors for the puryx)ses of company law) you are responsible for the preparation of the financial stat¢ments in accordan¢¢ 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 2Iy)6 Act al eligible for independent examination. I report in r¢spect of my examination of harit)Is awounts as rIal out under section 145 of the Charities Act 2011 ("the 2011 Act.). Ln ¢wing out my examination I have follow] th¢ Direclions given by the Charity Comrnission under &%tion 145(5)(b) of the 2011 Act. tndependent exanwier's statement I have o)mpithl my examination. I tx>nfimi that no ntterS have come to my attentioll in conne¢lion with the nInaOll ¥iving me caSe to believe: accounting records were not kept in r&spect of the charity &s rquired by section 386 of the 2006 Act" or the financial statements thi not ac(y)rd with those records. or the financial statements do not comply with the accouttting rquirements of section 396 of the 2006 Act other than any requirement tljat the accounts giv¢ a'true and fair. view which is not a matter (vnsidered as part of an independent eAaminatson' or the financ4al statements have not been prepared in accordance with the methods and prtn¢iples of the SeMent of Recommend Prnctice lor accounting and reporting by Charities appliÉxbl¢ to chatities preparing their accounts in accordance with the Financial R4K)rting Standard appli(*ble in the UK and Republic of Ireland (FRS 102). I have ao c4)rtc¢ alld have come across no other matters in connection with the examination to whith atttion should b¢ drawn in this rqx)rt in ord¢r to enable a proper understanding of the accounts to be r1. fbg&oW- Andrew Bonelle FCA arteral AcLxTruntant Dated: 31st October 2023
HOME-START HEREFORDSHIRE COMPANY LIMtfED BY GUARANTEE STATEMENT OF FINANCIAL ACTIvr[S YEAR ENDED 3 1st MARCH 2023 includin income and ex ¢nditure account Unrestricted Restricted Total Funds Funds Funds 2023 Total Funds 2022 Notes Income and Endowments Donations and legacies Clwitabl¢ activities Other trading activities Invesunent tncome Other ino)me 83,154 83,154 89,500 1,876 952 3,410 65,862 77,000 1,256 1,043 1,573 89,500 1,876 952 3,410 Total Income 89,392 89,500 178,892 146,734 Expenditure Expenditur¢ on fundratsiog: Expenditure on ¢haritabl¢ activities Costs of raising donations and lewies io 11.12 11.12 121 163,059 2,205 74,683 2,205 88,376 150,726 1,280 Total Expendire 77,009 88.376 165,385 152,006 Net incomd(expenditure) and net llvennt in funds 12.383 1,124 13,507 {5,272) Rwoncilixtion of Fwids Total hllxls brought lorward 73.574 (7,580) 65,994 71,266 Total Furtds Carried For1 85,957 (6,456) 79,501 65,994 The stateent of financial activiti¢s includes all gains and losses recognised in the year. All income and expenditure derive trom continuing activities.
HOME.START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FtNANCIAL POSITION YEAR ENDED 3 1st MAIiCH 2023 2023 2022 Not Fixd Assets Tangibl¢ Ftxed Assets 17 740 964 Current Assets D¢btors Investments Cash at bank and in hand 18 19 9,052 72,522 9,523 58,338 81,574 67,861 Crditors: Amounts falling du¢ within one year 20 2,813 2,831 Nd Cuffent Assets 78,761 65,030 Totsl Assets less CuLTent Lxabilities 79,501 65,994 FUlS of the Clwi Restricted Funds unSl¢t Funds (6,456) 85,957 (7,580) 73,574 Total Chari Funds 22 79,501 65,994 For the year ending 31 st March 2023 the charity was entitled to exemption from audit under section 477 of the 2006 Act relating to small a)mpanies. Dirrftorf resp)nsibilities: the members hav¢ not wuKr&l the (xTrmpauy to obtsin an audit of its financial statements for the year in question in accordance with section 476. tb) the directors acknowledge their r&sponsibilties for MplyIng with the requir¢ments of the Act with rw ts) a(£ounting recx)rds and th¢ preparation of fmallcial statan¢nts. The5¢ financial statemellts ha been prepared in accordance with the special provisions appli¢able to cnmpanies subject to th¢ smatl companies, 1¢. These [KIal slat¢ments wer¢ appLY)vaJ aud signd by the trustees and autknrised for issueoD 31st O¢tob¢r 2023. and ale sign1 on beha]fof Ihc boaTd by. Andy Walkden io
HOME-START HEREFORDSHIRE COE¥lPANY LDArrED BY GUAIL4NTEE NOTES TO THE FANCIAL STATEMENtS YEAR ENDED 31st MARCH 2023 General InforniatioD The charity is a public benefit entity and a private company limited by guarante4 registered in England and Wales and a regist¢r¢d charity in England and Wales. The address of the restered office is Lakeside Offices, Suite I, Unit l & Thorn Business Part Roth¢rwas, Hereford, HR2 6JT. Statement of Compliance These financiat statements have been prepared in compliance with FRS 102. The statement of Recommendal Practice applicable to charKties preparing their accounts in accord&n¢e with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) (Charities SORP and the 2006 Act. Aeeounting polieies Basis of Preparation The financial statements have been prepar1 on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investtnent properties me&suted at fair value through income or expenditure. The fitLqncial statements are PTyral in sterlin& which is the fiLnctiotMI currency of the entity. Going Concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertaijjty There are no material judgetnents or key sources of estimation un¢¢rtainty. Fund Accounting Unrestricted funds are available for use at the discretion of the trusttts to firtber any of the clwitys purposes. Des1t funds are unrestrict&l fi]nds earnwked by the trthstees for a particular future project or a)mmitmellt. Restricted fvnds are subjecteAI to restrictions on their expenditure declared by the donor or thn)ugh the tertns of an appeal, and fall into onc or two sub-classeA: r&stri¢ted income fuKLds or cxthmrynent funds.
HOME-START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs YEAR ENDED 31st MARCH 2023 Accounting policies (eolltinued) In¢oming Resources All InMIllg rcsources are included in the statement of ffftancial activities when entitlement has passed to the charity, it is probable that the econotnic benefits associated with the transaction will flow to the charity and the amount can be reliably measura. The following specific policies are 4pplidl to Particular Categories of income: income from donations or grants is roLSeA1 when there is evidence of entitlement to the gil( receipt is probable and its amount can be measured reliably. (a) O)) legacy income is recogniseAI when receipt is probable and entitlement is established. (c) income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recOls in the accounts when e1val if the value can b¢ reliably measured. No amounts are included for the contribution of gener&1 volunteers. income fivm contracts for the supply of services is recOglsea with the delivery of the ntracta wvice. This is cl&ssifirAI as unrntricted funds Unl there is a contracttl uirement for it to b¢ spent on a particukr putT)ose and return if unspcnL in which case it nY be regarded as restiicted. (d) Resources Expended Expendiiur¢ is on an acouals basis &$ a liabiitiy is incued. Expenditure includes any VAT whith cannot be tully recov¢r&l and is ¢Ilfied under heading5 of the statement of financial activities to which it relates: (a) expenditLc on raising fill$ includes the costs of all fundraising activities. events, non-charitable tiIng activities, and the sale of donated goods. (b) expenditure on charitable activities includes all (x)sts incurred by a charAty in undertaking activities that fither its thatitable aims for the benefit of its beneficiaries: including those support costs and relating to the governance of the charity apportioneAI to dwitabl¢ activities. (c) other expenditure includes all expenditure that is neither related to raising fimds for the charity nor part of its expenditure on charitable activities. All costs are alk>catd to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned lyetwttn the activitiw they o)ntnl)ute to on a reasonable, justifiable and consistent basis. Tan¥bJe Asse Tn1)le assets are initially recorded at sE and subsequenty Stated at cost less any accumthata dweciation and impairnient losses. Any tangible assets Carr1 at reVll amounts are rerdl at the fair value at the date of revaluation less any subsc4uent accumulatvl depreciation and subsquent accumulated impairment losses. 12
HOME-START HEREFORDSHlliE COMPANY LIM BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st frfARCH 2023 Accounting policies (continued) T4ngibIe Assets (continued) An in(zease in the carrying amount of an asset &s a result of a revaluatio is rccognised in other recogniwl gains and losses, unless it revers&s a charge for impairnient that has previolY been reCOlS¢d as expenditure within the statem¢nt of financial activities. A decrease in the Carrying amount of an asset &$ a result of revaluatio is recolsed In other recogoised gains and losses, unless it offsets any previous revaluation gain, in which c&se the loss is shown withtn other gains and losses on the statement of financial activities. Depreciation Depreciation is Calculat so Is to write off the cost or valuation of an asseL less its Idual value. over the economic life of that Set as follows: Fixtur&s and fittAx)gs 150/0 reducing balance Impairment of Fixed Assets review for indicators of impairnient is Carri out at each reporting date. with the recoverable amount being estimatd where su¢h indicators exist. Wbere the Carrying value exceeds the r0Verable amount, the asset is in]paired accordingly. Prior itnpaimlents are also reviewed for )SSAbl¢ reversal at each reporting date. For the purEX)ses of impaimient testin& wh¢tA it is not possibl'e to estimate the recoverable amount of an individual asseL an estimate is made of the recoverable amount of the cash- gerating unit to which the asset belongs. The cash-generdting unit is the sn]allest Kdentifiable group of assets that includes the asset and generates cash infiows that are largely independent of the cash infiows fix)m other assets or wups of assets. For inydirnent testing ofgwjodwill, the goodwill a¢qwred in a business combination is, from the acquistion date, allocat to each olthe Cash-generating units that are expected to benefit from the Synergies of the tx)rnbinatio irrespectsve of whether other assets or liabilities of th¢ charity are assigned to those units. Fin*n¢ig1 Instruments A financial asset or a financial liability is recognised only when th¢ charity becomes a party to the contractual provisions of the instrumenL Basi¢ financial instrtunents are initially recognised at the amount receivable or payable including any r¢lata transaction ¥x)sts. Curreftt assets and current liabilities are subsquently measured at the cash or other Debt instnllnents are subsequendy me&sured at amortised cosL 13
HOME-sfART HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL sTATEmEs YEAR ENDED 3 1st MARCH 2023 Aeeounting policAes (continued) Fillaneial InstrnmeDt$ (continued) Whexe inveskneats in shar¢s are publicly traded or their fair value call otherwise be measured reliably, the investment is subs4uently measu1 at fair value WAth changes in fair value twisal in illu)me and expcnditur& All other such inv&stments are subwuently measured at le55 imwainnenL Other financial instruments, including dettvatives, are initially recogntsed at fair value, unless paynKnt for an asset is deferred beyond nonnal bwiness temjs or financed at a rate of interest that is not a market rate, in which ras¢ th¢ asset is measured at th¢ pr¢sent value of the futur¢ payinents distx)unt&l at a nwket rate of interest for a similar debt instnllnent. Other financial instnllnents are subsequently measured at fair value, with any changes recognised in the stateent offinancial activities, with the exception of hedging instruments in a designat41 hslgillg relationship. Financial assets that are •sured at cost or amortised cost are reviewed for objective evidence ofimpaimient at the ¢nd oleach ryrting date. If there is objective evidence of impairmenL an impairment loss is rxIgniSed under the appropriate headmg in the statement of financial activities in which the intial ain w&s recognised. For all equity instruments regardless of significance, and other financial assets that are individuallysigDifitxn¢ thue are assesseAI individually for impairnient. Other financial &ssets are either ass¢ssed illdiyidually or gmupal on th¢ ba318 of similar credit risk characteristics. Any reVersS of inwairnient are recognised in]mediately, to the extent that the reversal does not result in a Caying amount of the financiat asset that exceeds what the caIng amount would have been had the imp8imient not previously been reColSl. Defmed Contribution Plans ContiibutiQELS to defined contribution plans are recognised as an expense in tbe period in which the latl s1¢¢ is pn)vide& Prepaid (x)ntributions are reeo8nised &s an &sset to the extent that the prqMncnt will lead to a tnluction in tuture payinents or a cash refund. When contrtbutions are not expected to be settled wholly within 12 months of the end of the reporttng dat¢ in wbich the employees render the related servic4 the liability is me&sured on a discountal present value basis. The unwinding of the discouut is reco1$ as an expense in the paiod in which it arises. Limited by Guaralltee Thc £]lty is a£hty IiDlit¢d by guardntee and consequtIY doGS not have sbare capital, ¢a¢h of the membws is liable to contribute an amount not exceeding Nil towards the assets of the charity in the r¥t of liquidation. 14
HomTART HEREFORDSHIRE COIrfPANY LtMfFED BY GUARAwfEE NOTES TO THE FINANCL4L STATEMENTS YEAR ENDED 31st MARCH 2023 Donations and Legacies Unrestri¢tPAI Tot21 Fund$ Unrestricted Funds 2023 Funds Total Funds 2022 Donations tndividual Donations Institutional Donati(ms 15,733 67,421 15,733 67,421 8.085 56,650 8,085 56,650 Gifts Gifts aid reclaimfAI 1,127 1,127 83,154 83,154 65,862 65,862 Ch2ritabIe Activities Restricted Total Funds Restricted Funds 2023 Funds Total Funds 2022 Grants receivabl¢ 89,500 89,500 77,000 77,000 Other Trading Activities uThSlCted Total Funds Unrestricted Funds 2023 Funds Total Funds 2022 collection income 1,876 1,876 1,256 1,256 ryvestment Income Unrestricted Total Funds Unfft8tricted Funds 2023 F)mds Total Funds 2022 Other inlrtstment ino)tn¢ 952 952 1,043 1,043 Other Income Unrnstricted Total Funds Unrestricted Funds 2023 Funds Total Funds 2022 Toy library clnIng income 392 3,018 392 3,018 274 1.299 274 IA99 3,410 3,410 1,573 1,573 15
HOMETART HEREFORDSHIRE COMPANY LLMfFED BY GUAIIANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2022 ID. Costs of Raising Dollatiolls and Legaeies Unrestrict Total Funds Unrcstricted Funds 2023 Funds Total Funds 2022 Fundtxising 121 121 ii. Expeuditure Charitable Aetivities by Fund Type Unrestricted Restricted Total Funds Funds Funds 2023 Clwttable activities Supp)rt Lx)sts 74,804 2,205 88,376 163,180 2,205 77,009 88,376 165,385 Unttstricted Restricted Funds Fullds Total Funds 2022 Clwitable activities Support tx)sts 69,862 1,280 80,864 150,726 1,280 71,142 80.864 152.006 Expenditsre oll Charitable activities by AetiYAty Type Activities UndertAken Di1 ort Total Funds Costs 2023 Total Fund 2022 C1[table actAvities 74,804 2,205 88.376 163,180 2,205 150,726 1,280 77,1)09 88,376 165,385 152,006 13. Net Inlme/(ExpendIture) Net ino)me/(expenditure) is stated after tharnJ(cr¢ditlng). 2023 2022 Dewiatsjn of tangible fix as 224 244 14. llldependent Examinatioll FeES Fe&$ Fayable to the indq)athnt examiner for: Indepenknt examination of the finauciai statements 900 900 16
HOME-START HEREFORDSHlliE COMPANY L]MITED BY GUARANTEE NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31st MARCH 2023 15. Staff Costs The total staff costs and employee benefits for the reporting p¢rAod are analysed as follows= 2023 2022 Wages and salaries Employer contributions to pension plans 134.846 4,836 126,500 4,349 139,682 130,849 Th¢ av¢rag¢ head o)unt of ¢mployr¢s during the year was 8 (2022: 8). The averdge numb¢r of fidl-time equivalent employees during the year is analysed &s follows: 2023 2022 Number of staff - type I No employee rettived employee benefits of more than £60,000 during the year (2022.. Nil). Trustee Remuneration Expenses No tntees, nor any peon$ connected with them, have receiv ally remuneration from the 17. Tangible Fixed Assets Fixtures and Fittin Cost At l April 2022 Additions 5,673 At 31 March 2023 5,673 Depeciation At l April 2022 Charge for the year 4,709 224 At 31 March 2023 4,933 Carrying Ajnount At 31 2023 740 At 31 Marth 2022 964 17
HOME.sfART HEREFORDSHIRE COMPATrfY L]m BY GUAIIANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2023 18. Debtors 2023 2022 Ttade Debtors 19. Investments Other tnvestments 9,052 9,523 20. Credits)rs: amounts falling due within one year 2023 2022 Trade Cralitors A411$ and Deferred tn(x)me 1,913 1,931 900 2,813 2,831 21. PensioS and other post retireDJent benefits Dered contribution plans The amount recognised ill in¢ome or expenditure as an expense in relation to defined c<mttibution plans was £4836 (2022: £4349}. 22. Allalysi$ ofcharitable Funds Unrestricted lunds AtIA 2022 At 31 March 2023 Income Ex General Funds 73,574 89,392 77,009 85,957 AtIAril 2021 At 31 March 2022 InLX)me Ex enditure General Funds 74,982 69,734 71,142 73,574
HOME-START HEREFORDSHtRE COMPANY LIMED BY GUARANfEE NOTES TO IHE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2023 22. Analysis of Charitable Funds (continued) Restricted Funds AtIA 2023 At 31 March 2023 Income Ex enditure Re5trict&l Fund (7,580) 89,500 88,376 (6,456) AtIA 2022 At 31 March 2022 Jncome Ex enditure Restricted Fund (3,716) 77.0(K) 80,864 (7,580) 23. Analysis of Net Assets Between Funds UtLrestricted Restricted Total Funds Funds Funds 2023 Tangible fixd assets Investments Current &ss¢ts Crolitors less than one year 512 9.052 79,206 (2,813) 228 740 9,052 72,522 (2.813) (6,684) Net Assets 85.957 (6,456) 79,501 Unrestricted Restricted Funds Funds Total Funds 2022 Tangtble fixed assets tnvestrnents Current assets crltorS less than one year 685 9,523 66.197 (2,831) 279 964 9.523 58,338 (2,831) (7,859) Net Assets 73,574 (7,580) 65,994 19