ANNUAL REPORT 2023/24
Charity No. 1113432 Company No. 5659978
Andy Walkden Chair of Trustees
Looking back, it has been a relatively quiet year for Home-Start Herefordshire (HSH). Last July we had a Garden Party, inviting people who have helped us to thank them for their support. We were pleased to welcome the then-current High Sheriff Robert Robinson and his wife Sue to the event. Robert's focus for his tenure in office was "Life Chances", and he spoke eloquently about the impact of the first three years of a child's life on their future, something very close to the interests of HSH.
There was little change in the staff and trustees of HSH; however, we were all sad to hear about Judy Hooley's passing. I first met Judy when she was acting as a volunteer representative on the Trustee Board, and I was always impressed with the insights she was able to give the trustees into the thoughts and concerns of the family visiting volunteers.
Looking to the future, 2024/25 will be a busy year. Most recently we have been negotiating with local charities, Vennture and The CLD Trust, to form a partnership to help young children and families. HSH will deliver School Readiness interventions as part of an overall initiative to provide school-based support for children and families. This is an exciting development, and we look forward to further partnership working in the future.
Two other work areas will be Quality Assurance and the Strategic Plan. The first is implementing the quality assurance procedures being introduced by Home-Start UK – these will ensure HSH remains fit for purpose; the second is redrafting HSH’s Strategic Plan – this will guide our decision-making and priorities for the next four years.
Whether it is quality or strategic plans, though, having a diverse pool of people is fundamental to HSH's continuing success. As always, I take this opportunity to thank everyone who supports us by helping to help the families and children of Herefordshire.
My first thanks are to Herefordshire Council and the other funders who understand the economic and social value of early intervention in families before their needs become complex. I thank our staff who work tirelessly to ensure that families are well supported through the volunteers they are matched with, and that no child's future is limited. Thirdly, I thank my fellow trustees who voluntarily give their time and expertise to the important task of providing strategic oversight of HSH’s operations.
And lastly, but by no means least, I thank the home visiting volunteers and those other volunteers who help with fundraising, for example. I was deeply moved by a recent Home-Start UK video that brought home to me the lasting impact that volunteers have on families. It focussed on a volunteer and the family she had helped several years previously and illustrated how much those people's lives had turned out for the better. All I can ask of you all is to carry on being the amazing people you are.
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Andy
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Mandie Preece Scheme Manager
It's amazing to think another year has passed and at such speed! It has been a year of change and, at times, challenges, with the cost-of-living crisis, national difficulties with volunteer recruitment, and the continuity of specific issues often seen in rural areas (isolation, loneliness, poverty) impacting our local families. Despite this, we have seen so many wonderful achievements and successes in terms of our service delivery and the effective and often life-changing support our service brings to some of the most vulnerable Herefordshire families.
Meeting needs
We couldn't do the work we do without our fabulous team of volunteers, who always approach the challenges experienced by families with confidence, compassion, and awareness, something that makes our service so special. Many families we support struggle with poor mental wellbeing, isolation, socioeconomic difficulties, domestic abuse, physical and mental health challenges, and struggles with children's behaviour, or have felt ignored or disempowered by other services and sources of support previously. Our volunteers see the uniqueness of every family, and by listening to their expectations and needs, many families feel empowered and confident to make meaningful and positive changes for the first time. The work that our volunteers do isn't always easy but the dedication and care they show really does make a difference to the families we support.
Volunteer Recruitment and Training
Due to the national challenges in volunteer recruitment, we have had to develop new and innovative ways of attracting potential volunteers. After feedback from some potential volunteers around barriers to accessing training (days/times/family commitments), we have recently successfully trialled hybrid training courses, which offered a combination of both online and face-to-face evening sessions. With this positive change, we have been able to recruit and train an additional 15 volunteers to join our wonderful team!
Collaborative Early Intervention and Prevention Work
Many vulnerable families within Herefordshire struggle to access specialist services when they need them most, increasing the risk of poor outcomes for parents and children. This year, through the continuation of our volunteer-delivered early intervention and prevention support, we have been able to provide a multi-agency, family-centred approach whereby we work in collaboration with local and national agencies, organisations, and services to connect families to the additional systems of support they need. By working collaboratively over the last 12 months, we have assisted 91 families (174 children) to access further and specialised support when they needed it, helping remove some of the barriers in seeking help and preventing or reducing the impact of crisis.
As an organisation, Home-Start Herefordshire is extremely grateful for the ongoing support of our volunteers, trustees, friends, and all our stakeholders through 2023/24. This enables us to continue to provide our vital service in times of challenge and hardship. We are positive for the future and will continue to show our resilience and aptitude in the face of adversity to provide support for those families that need it most.
With grateful thanks
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Mandie
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Alexandra James President
Another year passes, and still, Home-Start Herefordshire looms high in my life. I want to take this opportunity to thank the team who keep us all on the straight and narrow. For all the courses they provide to keep us up to speed and to the volunteers whose compassion and kindness give families the courage and knowledge to move forward.
Your President
Alexandra
Jan Doran Volunteer Rep
As a volunteer representative, I have actively connected with numerous volunteers over the past twelve months, whether chatting over coffee, attending a support meeting, or participating in in-house training sessions. I ensure that any suggestions or queries raised are effectively communicated to Mandie.
I have also participated in external training (such as Cybersecurity and The Neurodiversity Lens) to enhance my knowledge, and I've been encouraging other volunteers to take up similar learning opportunities. I also remain dedicated to providing ongoing support to families whenever the need arises.
Jan
Tam Thomas Family Group Coordinator
With funding from The Mumford Memorial Trust and Kington United Charities, we are able to meet on Monday mornings. Invited families join us in the Parish Room, Kington, for a little bit of me time and fun activities for children and their carers. A warm welcome is guaranteed, and our volunteers Amber, Caroline and Elaine are always ready with a hot drink, cakes, snacks, and TLC for all. We sing, we play, we try different crafts, we read, we dance. During the school holidays, we try to get outdoors with buggy walks, picnics, and playing in the parks.
On a recent picnic/walk, I told the families I was writing a piece for the annual report and asked their thoughts. The answers went like this - "My safe place", " Don't like the singing", "Always welcome - never judged", " Fun, Laughter, Friendship", "My happy place, just love watching them play", "Help and support", "hot coffee - never time at home, always goes cold", "Crafts, as never time at home", "I have made lots of friends", "lots of support and new ideas", "Please, no more walks in the rain", "Great help at Christmas with lovely gifts". I hope this gives you an idea of what our family group is all about.
Tam
The Team
Trustees
Andy Walkden Chair
Jan Frances Vice Chair
Jeremy Stobart Treasurer
Helen Tank Safeguarding Trustee
Philippa Wride Trustee
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Virginia Taylor : David Welton
Trustee Trustee
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Staff
Mandie Preece Scheme Manager
Kay Gray Lamplight Administrato r
Karen Marriott Scheme Administrator
Imogen Potter Coordinator
Tina Rowlands Marketing & Volunteer Recruitment Coordinator
James Teppin Coordinator
Sally Jones Coordinator
Tam Thomas Family Group Coordinator
Facts
Families supported in 2023/24 through the following services
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91
families
supported
174
children
supported
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Number of children supported
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5 [20] 40
10 5 4 active
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during 0-2 yrs 3-5 yrs 6-10 yrs 11-15 yrs 17-18 yrs + 24
pregnancy
resting
Age of child
volunteers
70
60 Average length
of a home visit
50 2 hours
Circumstances of Families
40 Supported
30
Average
length
20
of support
240 days
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Jeremy Stobart Treasurer
In financial terms, 2023/2024 has been a difficult year. There has been a marked increase in expenditure this year, mainly due to higher than expected staff costs (22/23: £139,682, 23/24: £154,600). This has particularly skewed losses in restricted activities due to allocations being a percentage of over three-year historical revenues, and sadly, income from these activities has remained static whilst expenditure/staff costs have increased significantly. However, the reduction in unrestricted income has also been a significant factor (22/23: £92,382, 23/24: £73,332. Total expenditure has increased this year to £180,661 (2023: £165,385). Total income (core and restricted combined) was significantly decreased last year at £155,333 (2023: £178,982).
So, the unfortunate corollary of the above has been a deficit for the year on core/unrestricted activities of £8,452 (2023: £12,383 surplus). In addition, our restricted reserves have also worsened with a deficit this year of (16,876), so our overall restricted reserves deficit has increased from negative £6,456 to negative £23,332. So, our overall reserves have decreased to £54,173 (2023: £79,501).
On a more positive note, we are more hopeful for the coming year. A new contract working with Vennture should provide a much needed bolster to our cash position as well as help with the amortisation of staff costs. Along with some significant new unrestricted income streams, the outlook for 24/25 is looking rosier.
As ever, my praise goes out to Mandie and her hard-working team for their achievements. This has very much been a year of cementing in skills and knowledge for the newish staff team, and hopefully, this will assist in moving the charity towards more stable ground in financial terms.
Our current unrestricted reserves only provide minimum cover for emergencies such as shortfalls in funding or unexpected expenditures. The Trustees continue to believe that reserves equivalent to 6 months expenditure, i.e. circa £90,000 (based on current expenditure levels), are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the current reserves currently provide for just over 3.5 months of expenditure cover (2023: 5.5 months), although not ideal, the Trustees believe this is sufficient to meet the minimum requirements to continue operations.
These are still difficult times. The public sector continues to struggle with funding models and providing a steady stream of referrals. As I mentioned in last year’s report, the cost of living crisis has not gone away. Although there are signs of improvement, the cost of living, energy costs, and inflation allied with depressed financial markets will continue to have an effect on us all, and everyone, including Home-Start Herefordshire, will continue to feel the squeeze in the years to come.
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, HAYES Travel, Victoria Charitable Foundation, Ned Potter Limited, SR & PH Southall Trust, Kington United Charities, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments, William A Cadbury, Philip Witcomb, The Mumford Memorial Trust, Hereford City Rotary Club and friends who make regular donations. TRP Sealing, ASDA and SIMTECH also kindly loan out their boardrooms for trustee and volunteer meetings and Sunshine Radio and Haines Watts for the donation of toys at Christmas. We are grateful for their support. In addition, money was received in the form of donations from individuals and the proceeds from fundraising events. We are grateful to the donors for their generosity and to all those involved in fundraising events for their hard work and commitment.
Jeremy
2023124 Accounts Year endlng 31 March 2024 (£) Year endlng 31 March 2023 (£) Incomlng re8ourc•8 Donations Fundraising income Grants Other income Total 4,745 2,604 143,776 4,208 1S5,333 5.990 1.876 166,094 5,022 178.982 R•sourc•$ •xpond•d Staff and volunteer costs Fundraising costs Off ice costs Scheme expenses Governance costs Other costs Total 154,600 405 14.305 6,706 940 3.705 180.661 139,682 13.310 5.798 2.205 4,390 165,385 Net movement In funds Unrestricted funds Restricted funds (8.452) (16,8761 12.383 1.124 Funds 88 of 31 March 2024 Unrestricted funds Restricted funds 77.505 (23.3321 85.957 16.456)
Events
We held a wonderful Garden Party in Byford to give thanks to all our volunteers, friends and supporters yen < 3 SS = = =
Thank you to all our volunteers, friends and supporters who have been there for us this year
Events
Maggie’s Challenge
Longtime supporter Maggie Matthews challenged herself to complete 800,000 steps, swim 80,000 metres and cycle 800 kilometres all in time for her milestone 80th birthday in 2023.
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She exceeded her goals in all areas. 80,200
metres
swam
.
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1,070,408
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steps
828.5
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Events Supportini mllles In •rnfordshlr• IJ.
Thank you to our supporters +)
& PARTNERS WA | qT R O S E The Mumford Memorial Trust Kington United Charities SR and PH Southall Trust Phillip Witcomb Rathbone Moral Aid Charity
MARSHALL BUSINESS CENTRE FARADAY ROAD HEREFORD HR4 9NS CHARTEQED ACCOVNTAWS & REGISTERED AUDITOPS TEL" 01432 266 630 ernail: admin@rjf rancis.co.(Lk web.. www.rjfTancis.¢a.uk Private & Confidential Mrs K Marriott Home-start Herefordshire Suite l Unit la Thorn Business Park Rotherwas Hereford HR2 6JT Our ref: AH/rh 11 September 2024 Dear Karen RE: HOME-START HEREFORDSHIRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Following our recent contact, please find enclosed a set of the final account5 marked for signature and return. I would be grateful if at the annual general meeting, the chair could sign this set of accounts on page 5 and 8 where indicated and if this set could be returned as your formal authority to submit the abbreviated charity accounts to Companies House. We assume, as in previous years, you are filing the set required at the charity commission. Separately, l enclose one bound and unbound copy of the accounts for your retention. Finally, l enclose a copy of the letter of representation, which has previously been forwarded to you by email. As advised on my previous email I would be grateful if this letter could be put on the charit¢5 headed paper and again signed atthe annual general meeting and returned to us, in respect of the independent examination forthis year. If you have any queries in relation to the above request, please do not hesitate to contact me. Kind regards Yours sincerely Enc. ) FRANCIS & CO IS TH£TRADING NAME FOR A J FRANCIS & CO LIMtrED I KtEGisfESIED IN ENGLANO & WALES I COMPANY Nc. 01209 FlEGIERED OFFIC&- NIAKISHALL SUSINESS CÉNTRF, FAkADAY ROAO, HEfiÉFORD. Hfi4 9N5 DIREaORS'. R. J. FfiANCIS FCA A. A. HOUSTON FCA ASSOCIAfè" & KAYE FC¢4
ÉGISTEtIED WThE INsrrruTE OFtrAAYÉRED ACCOUNTANYS IN ENGLANO &V4ALESTO CAAAYoufroMPANY AUOITWOAK
*¢ I4ME srfRT Herefordshire HOME-START HEREFOIIDSHIRE COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IWtARCH 2024
HOME.-START HEREFORDSHIRE COMPANY LtMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 st MARCH 2024 Page Reference and Administrative Inforniation Trustees, annual report (incorporating the directors, report) Independent examin&s report to the trustees Statement of financial activities (including income and expenditure account) Balance Sheet Notes to the financial statements 9-17
Reference and Administrative information Trustees Andy Walkden Jeremy Stobart Helen Tank Jan Frances Philippa Wride Virginia Taylor David Welton Scheme Manager Principle address and registered office Chair Treasurer Safeguarding Mandie Preece Lakeside Offices Unit I Suite A Thorn Business Park Rotherw&s Hereford HR2 6JT Company registration number 5659978 Charity registration number 1113432 Bankers Lloyds TSB High Town Hereford HRI 2AE COIF Charity Funds 80 Cheapside London EC2V 6DZ Independent Examiner Andrew Houston RJ Francis & Co Chartered Accountants and Registered Auditors Marshall Business Centre Faraday Road Hereford HR4 9NS
Trustees, Report The Trustees, who are directors for the purpose of company law, present their annual report together table company for the year ending 31 st March 2024. Our Aims and Objectives We are a charity 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 (HSH) aims to help families build better Iives for their children by recruiting, training and supervising volunteers who offer support, friendship and practical help to fan)ilies experiencing difficulties. We provide support across the county and to all families referred to us. The difficulties our families experience are often complex and reflect the issues facing families identified in county research.. challenging and anti-social behaviour" ental health issues affecting both parents and children; children in poverty. domestic abuse. school absenteeism and low academic achievement", substance abuse. and overcrowded housing conditions. Many of these issues have worsened since COVID-19 and are also exacerbated by the cost of living crisis. As a charitable company, HSH is dependent on fidIng from grant ai(1 contractual agreements, and fimdraising. Funding uncertainty in tern]s of public fmance constraints and the short-terni nature of other funding sources is a major issue, and HSH needs to continually review its priorities and service delivery. Charity Structure HSH is a cFwitable company limited by guarantee. It is governed by a board of Trustees, the minimum number of Trnstees being five and the maximum twelve. Trustees act according to tkne Memorandum and Articles of Association that set out the objects of HSH and how it should operate. HSH r¢gularIy advertises for new Trustees, suitable candidates are invited to subn]it an application forn and this is followed by an interview. Candidates who remain interested and whom HSH wish to recruit are invited to attend a board meeting as an observer. The last stage of tkle recruitment process is for existing Trustees to vote on inviting a candidate to join the board. Upon acceptance of a forn1 invÈte to join the board, the candidate/ llew Trustee then undergoes an induction process that includes the philosophy and structure of the Home-start federation and the role and responsibilities of being a Trustee. HSH employs a staff team to deliver the clwity's day-to-day activities. A Scheme Manager perfonns co- ordination between the board of trustees and the staff teanL Includtng the Scheme Manager, there were eight employees in the staff team and seven trustees as of 31 st March 2024. The HSH service is, in the main, delivered by a team of volunteers who non-judgementally work directly with families to help them overcome those challenges that daily life can throw up. A staff team of three co-ordinators train and support volunteers in their role. As of 31 st March 2024, HSH had 64 volunt¢crs on its books.
The Strategic Plan HSH maintains a strategic plan, which was last updated in 2021. Tbrough this and its underpinning plans, the day-to-day activities of HSH are coordAnated to deliver the objectives of the charity. The strategic plan has seven priorities, these are: l. Service Development - integrating new technologies alld innovations into the service. 2. Staff, volunteers and trustee development and succession planning. 3. Diversity - within HSH statf and trustees, and with families and groups in the community who might find themselves easy to Iore 4. Expanding partnerships and collaboration with other agencics. 5. Increasing public profile. 6. Financial resilience. 7. Maintaining delivery of a quality service to families. Each priority is underpinned by an action plan that breaks down what HSH will do into SN£ART (Specific, Measurable, Achievable, Relevant, and TÉme-Bound) objectives. Since the action plan was first drafted in 2021, HSH has been working to make progress against these priorities. Undeo)inning the action plan is the operational plan delivered by the scheme manager, which directs the daily and weekly activities of the staff team. Achievements and Performance Looking bacK it has been a relatively quiet year for HSH. tn July 2023, we ld a Gardell Party, inviting people who had helped HSH to thank them for their support. We were pleased to welcome the then- current High Sheriff Robert Robinson and his wife Sue to the event. There have been no changes in the staff team or tnte¢ board to report. HSH was awarded a fJJrther 12 months of funding from Herefordshire Council to continue our Early Help servicc. With regards to furtherillg public benefit, HSH ain]s are to: inspire more people to volunteer for us and support our core offer. enhance the support we provide families in ternis of providing a stronger 'voice' for families endeavour to improve access to early years services and compassionate support for families. in]prove inclusion and diversity across the county; and enhance the collective impact of the Home-start network for the benefit of the wider community. This year, tbiough the continuation of our volunteer-delivered early intervention and prevention support, we have provided a multi-agency, family-centred approach whereby we collaborate with local and national agencies, organisations, and services to connect families to the additional support they need. By working collaboratively over the last 12 months, we assisted 91 families (174 children) to access additional and specialised support when they needed it, helping remove some of the baTriers in seckTng help and preventing or reducing the impact of crisis. Looking to the ture, 2024125 will be a busy year. Most recently HSH has been negotiating with Vennture and The CLD Trust to forni a partnership to help young children and families. HSH will deliver School Readiness interventions as part of an overall initiative to provide school-based support for children and families. This is an exciting development for HSH, and we look forward to fillther partnership working in the futur¢.
Two other work areas for HSH are quality assurance (QA) and strategic plan. The first is implementing the QA procedures as they are being introduced by Home-start UK. These will ensure that HSH remains fit for purpose and continues to deliver quality service to families. The second is redrafting HSH'S strategic plan and action plan (as mentioned above). This will guide our decision-making and actions towards achieving the seven priorities up until 2027. Financial Review In fLnancial temis, 202312024 has been a difficult year. There has been a marked increase in expenditure this year, mainly due to higher than expected staff costs (22123: £139,682, 23124: £154,600). Thts has particularly skewed losses in restricted activities due to allocations being a percentage of over three- year historical revenues, and sadly, income from these activities has remained static whilst expenditurelstaff costs have increased sigt)ificantly. However, the reduction in UTLrestiicted income has also been a significant factor (22123: £92,382, 23124: £73,332. Total expenditure has increased this year to £180,661 (2023: £165,385). Total income (core and restricted combined) was SI71f1¢antIY decreased last year at £155,333 (2023: £178,982). So, the unfortunate corollary of the above has been a deficit for the year on corelunrestricted activities of £8,452 (2023: £12,383 SUTplus). In addition, our restricted reserves have also worsened with a deficit this year of (16,876), so our overall restricted reserves deficit has increased from negative £6,456 to negative £23,332. So, our overall reserves have decreased to £54,173 (2023: £79,501). On a more positive note, we are more hopeful for the coming year. A new contract working with Vennture should provide a much needed bolster to our casb position as well as help with the amortisation of staff costs. Along with some significant new unrestricted income streams, the outlook for 24125 is looking rosier. As ever, my praise goes out to Mandie and her hard-working team for their achievements. Tl]is has very much been a year of cementing in skills and knowledge for the newish staff teanL and hopefully, this will assist in moving the charity towards more stable ground in financial tcm]s. Our current U¢strICted reserves only provide minimum cover for cmergencies such as shortfalls in funding or unexpected expenditures. The TnL8tees continue to believe that reserves equivaEent to 6 months expenditure, i.e. circa £90,000 (based on CULTent expenditure levels), are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the cuent reserves currently provide for just over 3.5 months of expenditure cover (2023: 5.5 months), although not ideal, the Trustees believe this is sufficient to meet the minimum requirements to continue operations. These are still difficult times. The public sector continues to struggle with funding models and providing a steady stream of referrals. As I mentioned in last year's report, the cost of living crisis has not gone away. Although there are signs of improvement, the cost of living, energy costs, and infiation allied with depressed financial markets will continue to have an effect on us all, and everyone, including Home- Start Herefordshire, will continue to feel the squeeze in the years to come. Amounts were received froTn Eveson Charitable Trust, Herefordshire Council, BBC Children in Need, EF Bulmer Trust. Herefordshire Community Foundatiou HFT Forklifts, Rathbone Moral Aid Charity ,HAYES
Travel, Victoria Charitable Foundatio Ned Potter, SR & PH Southall Trust, Kington United Charities, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments, William A Cadbury, Philip Witcomb, Mumford Memorial Trust, Hereford City Rotary Club and Friends who make regular donations. TRP Sealing, ASDA and SIMTECH also kindly loan out their boardrooms for Trustee and Volunteer meetings. We are gratefid for their support. In additio money was received in the forn] of donations from individuals and the proceeds from fundraising events. We are grate1 to the donors for their generosity and to all those involved in fundraising events for their hard work and commitment. Statement of Trustees, Responsibilities The Trustees (also directors of HSH for the purposes of company law) are responsible for preparing the Trustees, report and the financial statement in accordance with United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and applicablc laws and regulations. Company law rcquires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees tnust not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the clwitable 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 requkred to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estÉmates that are reasonable and prudent" state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the fancial statements. and prepare the fmancial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records sufficient to show and expIain the company's transactions and disclosc with reasonable accuracy at any time the company's financial position, enabling them to ensure that the fllwicial statements comply with the Companies Act 2006. They are also responsible for safeguarding the company's assets and, hence, for taking reasonable steps to prevent and detect fraud and other irregularities. Approved by the Trustees on 19 September 2024 and signed on their behalf by: Andy Wall(den Chair
HOME-START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START HEREFORDSHIRE YEAR ENDED 31st MARCH 2024 I report to the trustees on my examination of the financial statements of Home-start Herefordshire ("the charity") for the year ended 31 st March 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity's accounts as cartied 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 confinn that no matters have come to my attention in connection with the examination gtving me cause to believe: accounting records were not kept in respect of the charity as required by section 3 86 of the 2006 Act" or the financial statements do not accord with those records. or the financial statements 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 the financial statements 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. A A Houston FCA Chartered Accountant Independent ExaTniner 19th September 2024
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st MARCH 2024 includin income and ex enditure account Unrestricted Restricted Total Funds Funds Funds 2024 Total Funds 2023 Notes Income and Endowments Donations and legacies Charitable activities Other trading activities Investment Income Other income 66,843 66,843 82,000 2,604 2,202 1,684 83,154 89,500 1,876 952 3,410 82,000 2,604 2,202 1,684 Total Income 73,333 82,000 155,333 178,892 Expenditure Expenditure on fundraising: Expenditr(we on charitable activities Costs of raising donations and legacies 10 405 80,439 941 405 179,315 941 121 163,059 2,205 98,876 11.12 Total Expenditure 81,785 98,876 180,661 165,385 Net (expenditure)/income and net movement in funds (8,452) (16,876) (25,328) 13,507 Reconciliation of Funds Total funds brought fonvard 85,957 {6,456) 79,501 65,994 Total Funds Carried Forward 77,505 (23,332) 54,173 79,501 The statement of financial activities includes all gains and losses reco]Sed in the year. All income and expenditure derive from continuing activities.
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 3 1st MARCH 2024 2024 2023 Notes Fixed Assets Tangible Fixed Assets 17 820 740 Current Assets Debtors Investments Cash at bank and in hand 18 19 9,955 46,994 9,052 72,522 56,949 81,574 Creditors." Amounts falling due within one year 20 3,596 2,813 Net Current Assets 53,353 78,761 Total Assets less Current Liabilities 54,173 79,501 Funds of the Chari Restricted Funds Unrestiicted Funds (23,332) 77,505 (6,456) 85,957 Total Chari Funds 22 54,173 79,501 For the year ending 31 st March 2024 the charity was entitled to exemption from audit under section 477 of the 2006 Act relating to small companies. Directors, responsibilities: (a) the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. (b) the directors acknowledge their responsibilties for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies, regime. These financial statements were approved and signed by the trustees and authorised for issue on 19th September 2024 Andy Walkden Chair HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCtAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Lakeside Offices, Suite I, Unit l a. Thorn Business Park, Rotherwas, Hereford, HR2 6JT. Statement of Compliance These fmancial statements have been prepared in compliance with FRS 102. The statement of ReconLmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP) and the 2006 Act. Accounting policies Basis of Preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional cutrency of the entity. Going Concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertainty There are no material judgements or key sources of estimation uncertainty. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds eamarked by the trustees for a particular future project or conunitment. Restricted fldS are subjected to restrictions on their expenditure declared by the donor or through the tenns of an appeal, and fall into one or two sub-classes: restricted income funds or endowment funds. HOME.START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Incoming Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity" it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: (a) income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. (b) legacy income is recognised 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 recognised in the accounts when received if the value can be reliably measured. No amounts are includd for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular puryose and returned if unspent, in which case it may be regarded &s restricted. {d) Resources Expended Expenditure is reco]ised on an accruals basis as a liabiltiy is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: (a) expenditure on raising funds includes the costs of all ndraising activities, events, non-charitable trading activities, and the sale of donated goods. (b) expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and relating to the governance of the charity apportioned to charitable activities. (c) other expenditure includes all expendire that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated 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 between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible Assets Tangible assets are initially recorded at cost, and subsequenty stated at cost less any accumulated depreciation and impairnient losses. Any tangibEe assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. 10 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUAL4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Tangible Assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recoliSed in other recOlsed gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, unless it offsets any previous revaluation gain, in which case the loss is shown within other recOlSed gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an &sset, less its residual value, over the use1 economic life of that asset as follows: Fixtures and fittings 15 % reducing balance Impairment of Fixed Assets A review for indicators of impairn]ent is carried out at each reporting date, with the recovernble amount being estimated where such indicators exist. Where the carrying value exceeds the recovcrable amount, the asset is impaired accordingly. Prior impainnents ar¢ also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the &gset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquistion date. allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. ieSpeCtive of whether other assets or liabilities of the charity are assi1¢d to those units. Financial Instruments A financial asset or a financiat liability is reco]ised only when the charity becomes a paty to the contractual provisions of the instnunent. Basic financial instrLunents are initially recognised at the amount receivable or payable including any related transaction costs. Cuent assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instnunents are subsequently measured at amortised cost. 11 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Financial Instruments (continued) Where investments in shares are publicly traded or their fair value can othenvise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairnient. Other financial instruments, including derivatives, are initially recolsed at fair value, unless payment for an asset is defetred beyond nornial business tenns or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impainnent at the end of each reporting date. If there is objective evidence of impainnent, an impairnient loss is reCOlsed under the appropriate heading in the statement of financial activities in which the intial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually SI]Ificant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are reco]sed immediately, to the extent that the reversal does not result in a catrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Dered Contribution Plans Contributions to defined contribution plans are reCOlSed as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepanent will lead to a reduction in future payments or a cash refund. When contiibutions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is reco71sed as an expense in the period in which it arises. Limited by Guarantee The charity is a charity limited by guarantee and consequently does not have share capital, each of the members is liable to contribute an amount not exceeding Nil towards the assets of the charity in the event of liquidation. 12 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Donations and Legacies Unrestiicted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Donations tndividual Donations Institutional Donations 9,696 56,050 9,696 56,050 15,733 67,421 15,733 67,421 Gifts Gifts aid reclaimed 1,097 1,097 66,843 66,843 83,154 83,154 Charitable Activities Restricted Total Funds Funds 2024 Restricted Funds Total Funds 2023 Grants receivable 82,000 82,000 89,500 89,500 Other Trading Activities Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Local fundraising and street collection income 2,604 2,604 1,876 1,876 Investment Income Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Other investment income 2,202 2,202 952 952 Other Income Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Toy library Cleaning income Miscellaneous income 431 1,253 431 1,253 392 3,018 392 3,018 1,684 1,684 3,410 3,410 13 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2024 10. Costs of Raising Donations and Legacies Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Fundraising 405 405 121 121 11. Expenditure on Charitable activities by Fund Type Unrestricted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 80,439 941 98,876 179,315 941 81,380 98,876 180,256 Unrestricted Funds Restricted Funds Total Funds 2023 Charitable activities Support costs 74,804 2,205 88,376 163,180 2,205 77,009 88,376 165,385 12. Expenditure on Charitable activities by Activity Type Activities Undertaken Directl ort Total Funds Costs 2024 Total Fund 2023 Charitable activities Governance costs 83,367 941 95,948 179,315 941 163,180 2,205 84,308 95,948 180,256 165,385 13. Net Incomel(Expenditure) Net income/(expenditure) is stated after chargingJ(crediting): 2024 2023 Depreciaton of tangible fixed assets 232 244 14. Independent Examination Fees Fees payable to the independent examiner for: Independent examination of the financial statements 900 900 14 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 15. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 149,594 5,006 134,846 4,836 154,600 139,682 The average head count of employees during the year was 8 (2023: 8). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 Number of staff - type I No employee received employee benefits of more than £60,000 during the year (2022: Nil). 16. Trustee Remuneration and Expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. 17. Tangible Fixed Assets Fixtures and Fittin Cost At l April 2023 Additions 5,673 312 At 31 March 2023 5,985 Depeciation At l April 2022 Charge for the year 4,933 232 At 31 March 2023 5,165 Carrying Amount At 31 March 2023 820 At 31 March 2023 740 15 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 18. Debtors 2024 2023 Trade Debtors 19. Investments Other Investments 9,955 9,052 20. Creditors: amounts falling due within one year 2024 2023 Trade Creditors Accruals and Deferred Income 2,696 900 1,931 900 3,596 2,831 21. Pensions and other post retirement bellefits Defined contribution plans The amount recog]ised in income or expenditure as an expense in relation to defined contribution plans was £5,006 (2023: £4,836). 22. Analysis of Charitable Funds Unrestricted funds AtIA ril 2023 At 31 March 2024 Income Ex enditure General Funds 85,957 73,333 81,785 77,505 AtIAril 2022 At 31 March 2023 Income Ex enditure General Funds 73,574 89,392 77,009 85,957 16 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 22. Analysis of Charitable Funds (continued) Restricted Funds AtIAril 2023 At 31 March 2024 Income Ex enditure Restricted Fund (6,456) 82,000 98,876 (23,332) AtIA ril 2022 At 31 March 2023 Income Ex enditure Restricted Fund (7,580) 89,500 88,376 {6,456) 23. Analysis of Net Assets Between Funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than one year 611 9,955 70,535 (3,596) 209 820 9,955 46,994 (3,596) (23,541) Net Assets 77,505 (23,332) 54,173 Unrestricted Funds Restricted Funds Total Funds 2023 Tangible fixed assets Investments Current assets Creditors Iess 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 17
MARSHALL BUSINESS CENTRE FARADAY ROAD HEREFORD HR4 9NS CHARTEQED ACCOVNTAWS & REGISTERED AUDITOPS TEL" 01432 266 630 ernail: admin@rjf rancis.co.(Lk web.. www.rjfTancis.¢a.uk Private & Confidential Mrs K Marriott Home-start Herefordshire Suite l Unit la Thorn Business Park Rotherwas Hereford HR2 6JT Our ref: AH/rh 11 September 2024 Dear Karen RE: HOME-START HEREFORDSHIRE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Following our recent contact, please find enclosed a set of the final account5 marked for signature and return. I would be grateful if at the annual general meeting, the chair could sign this set of accounts on page 5 and 8 where indicated and if this set could be returned as your formal authority to submit the abbreviated charity accounts to Companies House. We assume, as in previous years, you are filing the set required at the charity commission. Separately, l enclose one bound and unbound copy of the accounts for your retention. Finally, l enclose a copy of the letter of representation, which has previously been forwarded to you by email. As advised on my previous email I would be grateful if this letter could be put on the charit¢5 headed paper and again signed atthe annual general meeting and returned to us, in respect of the independent examination forthis year. If you have any queries in relation to the above request, please do not hesitate to contact me. Kind regards Yours sincerely Enc. ) FRANCIS & CO IS TH£TRADING NAME FOR A J FRANCIS & CO LIMtrED I KtEGisfESIED IN ENGLANO & WALES I COMPANY Nc. 01209 FlEGIERED OFFIC&- NIAKISHALL SUSINESS CÉNTRF, FAkADAY ROAO, HEfiÉFORD. Hfi4 9N5 DIREaORS'. R. J. FfiANCIS FCA A. A. HOUSTON FCA ASSOCIAfè" & KAYE FC¢4
ÉGISTEtIED WThE INsrrruTE OFtrAAYÉRED ACCOUNTANYS IN ENGLANO &V4ALESTO CAAAYoufroMPANY AUOITWOAK
*¢ I4ME srfRT Herefordshire HOME-START HEREFOIIDSHIRE COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IWtARCH 2024
HOME.-START HEREFORDSHIRE COMPANY LtMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 st MARCH 2024 Page Reference and Administrative Inforniation Trustees, annual report (incorporating the directors, report) Independent examin&s report to the trustees Statement of financial activities (including income and expenditure account) Balance Sheet Notes to the financial statements 9-17
Reference and Administrative information Trustees Andy Walkden Jeremy Stobart Helen Tank Jan Frances Philippa Wride Virginia Taylor David Welton Scheme Manager Principle address and registered office Chair Treasurer Safeguarding Mandie Preece Lakeside Offices Unit I Suite A Thorn Business Park Rotherw&s Hereford HR2 6JT Company registration number 5659978 Charity registration number 1113432 Bankers Lloyds TSB High Town Hereford HRI 2AE COIF Charity Funds 80 Cheapside London EC2V 6DZ Independent Examiner Andrew Houston RJ Francis & Co Chartered Accountants and Registered Auditors Marshall Business Centre Faraday Road Hereford HR4 9NS
Trustees, Report The Trustees, who are directors for the purpose of company law, present their annual report together table company for the year ending 31 st March 2024. Our Aims and Objectives We are a charity 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 (HSH) aims to help families build better Iives for their children by recruiting, training and supervising volunteers who offer support, friendship and practical help to fan)ilies experiencing difficulties. We provide support across the county and to all families referred to us. The difficulties our families experience are often complex and reflect the issues facing families identified in county research.. challenging and anti-social behaviour" ental health issues affecting both parents and children; children in poverty. domestic abuse. school absenteeism and low academic achievement", substance abuse. and overcrowded housing conditions. Many of these issues have worsened since COVID-19 and are also exacerbated by the cost of living crisis. As a charitable company, HSH is dependent on fidIng from grant ai(1 contractual agreements, and fimdraising. Funding uncertainty in tern]s of public fmance constraints and the short-terni nature of other funding sources is a major issue, and HSH needs to continually review its priorities and service delivery. Charity Structure HSH is a cFwitable company limited by guarantee. It is governed by a board of Trustees, the minimum number of Trnstees being five and the maximum twelve. Trustees act according to tkne Memorandum and Articles of Association that set out the objects of HSH and how it should operate. HSH r¢gularIy advertises for new Trustees, suitable candidates are invited to subn]it an application forn and this is followed by an interview. Candidates who remain interested and whom HSH wish to recruit are invited to attend a board meeting as an observer. The last stage of tkle recruitment process is for existing Trustees to vote on inviting a candidate to join the board. Upon acceptance of a forn1 invÈte to join the board, the candidate/ llew Trustee then undergoes an induction process that includes the philosophy and structure of the Home-start federation and the role and responsibilities of being a Trustee. HSH employs a staff team to deliver the clwity's day-to-day activities. A Scheme Manager perfonns co- ordination between the board of trustees and the staff teanL Includtng the Scheme Manager, there were eight employees in the staff team and seven trustees as of 31 st March 2024. The HSH service is, in the main, delivered by a team of volunteers who non-judgementally work directly with families to help them overcome those challenges that daily life can throw up. A staff team of three co-ordinators train and support volunteers in their role. As of 31 st March 2024, HSH had 64 volunt¢crs on its books.
The Strategic Plan HSH maintains a strategic plan, which was last updated in 2021. Tbrough this and its underpinning plans, the day-to-day activities of HSH are coordAnated to deliver the objectives of the charity. The strategic plan has seven priorities, these are: l. Service Development - integrating new technologies alld innovations into the service. 2. Staff, volunteers and trustee development and succession planning. 3. Diversity - within HSH statf and trustees, and with families and groups in the community who might find themselves easy to Iore 4. Expanding partnerships and collaboration with other agencics. 5. Increasing public profile. 6. Financial resilience. 7. Maintaining delivery of a quality service to families. Each priority is underpinned by an action plan that breaks down what HSH will do into SN£ART (Specific, Measurable, Achievable, Relevant, and TÉme-Bound) objectives. Since the action plan was first drafted in 2021, HSH has been working to make progress against these priorities. Undeo)inning the action plan is the operational plan delivered by the scheme manager, which directs the daily and weekly activities of the staff team. Achievements and Performance Looking bacK it has been a relatively quiet year for HSH. tn July 2023, we ld a Gardell Party, inviting people who had helped HSH to thank them for their support. We were pleased to welcome the then- current High Sheriff Robert Robinson and his wife Sue to the event. There have been no changes in the staff team or tnte¢ board to report. HSH was awarded a fJJrther 12 months of funding from Herefordshire Council to continue our Early Help servicc. With regards to furtherillg public benefit, HSH ain]s are to: inspire more people to volunteer for us and support our core offer. enhance the support we provide families in ternis of providing a stronger 'voice' for families endeavour to improve access to early years services and compassionate support for families. in]prove inclusion and diversity across the county; and enhance the collective impact of the Home-start network for the benefit of the wider community. This year, tbiough the continuation of our volunteer-delivered early intervention and prevention support, we have provided a multi-agency, family-centred approach whereby we collaborate with local and national agencies, organisations, and services to connect families to the additional support they need. By working collaboratively over the last 12 months, we assisted 91 families (174 children) to access additional and specialised support when they needed it, helping remove some of the baTriers in seckTng help and preventing or reducing the impact of crisis. Looking to the ture, 2024125 will be a busy year. Most recently HSH has been negotiating with Vennture and The CLD Trust to forni a partnership to help young children and families. HSH will deliver School Readiness interventions as part of an overall initiative to provide school-based support for children and families. This is an exciting development for HSH, and we look forward to fillther partnership working in the futur¢.
Two other work areas for HSH are quality assurance (QA) and strategic plan. The first is implementing the QA procedures as they are being introduced by Home-start UK. These will ensure that HSH remains fit for purpose and continues to deliver quality service to families. The second is redrafting HSH'S strategic plan and action plan (as mentioned above). This will guide our decision-making and actions towards achieving the seven priorities up until 2027. Financial Review In fLnancial temis, 202312024 has been a difficult year. There has been a marked increase in expenditure this year, mainly due to higher than expected staff costs (22123: £139,682, 23124: £154,600). Thts has particularly skewed losses in restricted activities due to allocations being a percentage of over three- year historical revenues, and sadly, income from these activities has remained static whilst expenditurelstaff costs have increased sigt)ificantly. However, the reduction in UTLrestiicted income has also been a significant factor (22123: £92,382, 23124: £73,332. Total expenditure has increased this year to £180,661 (2023: £165,385). Total income (core and restricted combined) was SI71f1¢antIY decreased last year at £155,333 (2023: £178,982). So, the unfortunate corollary of the above has been a deficit for the year on corelunrestricted activities of £8,452 (2023: £12,383 SUTplus). In addition, our restricted reserves have also worsened with a deficit this year of (16,876), so our overall restricted reserves deficit has increased from negative £6,456 to negative £23,332. So, our overall reserves have decreased to £54,173 (2023: £79,501). On a more positive note, we are more hopeful for the coming year. A new contract working with Vennture should provide a much needed bolster to our casb position as well as help with the amortisation of staff costs. Along with some significant new unrestricted income streams, the outlook for 24125 is looking rosier. As ever, my praise goes out to Mandie and her hard-working team for their achievements. Tl]is has very much been a year of cementing in skills and knowledge for the newish staff teanL and hopefully, this will assist in moving the charity towards more stable ground in financial tcm]s. Our current U¢strICted reserves only provide minimum cover for cmergencies such as shortfalls in funding or unexpected expenditures. The TnL8tees continue to believe that reserves equivaEent to 6 months expenditure, i.e. circa £90,000 (based on CULTent expenditure levels), are the optimum required to ensure continuity of operations and will continue to work towards this goal. Although the cuent reserves currently provide for just over 3.5 months of expenditure cover (2023: 5.5 months), although not ideal, the Trustees believe this is sufficient to meet the minimum requirements to continue operations. These are still difficult times. The public sector continues to struggle with funding models and providing a steady stream of referrals. As I mentioned in last year's report, the cost of living crisis has not gone away. Although there are signs of improvement, the cost of living, energy costs, and infiation allied with depressed financial markets will continue to have an effect on us all, and everyone, including Home- Start Herefordshire, will continue to feel the squeeze in the years to come. Amounts were received froTn Eveson Charitable Trust, Herefordshire Council, BBC Children in Need, EF Bulmer Trust. Herefordshire Community Foundatiou HFT Forklifts, Rathbone Moral Aid Charity ,HAYES
Travel, Victoria Charitable Foundatio Ned Potter, SR & PH Southall Trust, Kington United Charities, Waitrose & Partners, John Lewis & Partners, Pontrilas Developments, William A Cadbury, Philip Witcomb, Mumford Memorial Trust, Hereford City Rotary Club and Friends who make regular donations. TRP Sealing, ASDA and SIMTECH also kindly loan out their boardrooms for Trustee and Volunteer meetings. We are gratefid for their support. In additio money was received in the forn] of donations from individuals and the proceeds from fundraising events. We are grate1 to the donors for their generosity and to all those involved in fundraising events for their hard work and commitment. Statement of Trustees, Responsibilities The Trustees (also directors of HSH for the purposes of company law) are responsible for preparing the Trustees, report and the financial statement in accordance with United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and applicablc laws and regulations. Company law rcquires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees tnust not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the clwitable 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 requkred to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estÉmates that are reasonable and prudent" state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the fancial statements. and prepare the fmancial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records sufficient to show and expIain the company's transactions and disclosc with reasonable accuracy at any time the company's financial position, enabling them to ensure that the fllwicial statements comply with the Companies Act 2006. They are also responsible for safeguarding the company's assets and, hence, for taking reasonable steps to prevent and detect fraud and other irregularities. Approved by the Trustees on 19 September 2024 and signed on their behalf by: Andy Wall(den Chair
HOME-START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START HEREFORDSHIRE YEAR ENDED 31st MARCH 2024 I report to the trustees on my examination of the financial statements of Home-start Herefordshire ("the charity") for the year ended 31 st March 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity's accounts as cartied 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 confinn that no matters have come to my attention in connection with the examination gtving me cause to believe: accounting records were not kept in respect of the charity as required by section 3 86 of the 2006 Act" or the financial statements do not accord with those records. or the financial statements 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 the financial statements 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. A A Houston FCA Chartered Accountant Independent ExaTniner 19th September 2024
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st MARCH 2024 includin income and ex enditure account Unrestricted Restricted Total Funds Funds Funds 2024 Total Funds 2023 Notes Income and Endowments Donations and legacies Charitable activities Other trading activities Investment Income Other income 66,843 66,843 82,000 2,604 2,202 1,684 83,154 89,500 1,876 952 3,410 82,000 2,604 2,202 1,684 Total Income 73,333 82,000 155,333 178,892 Expenditure Expenditure on fundraising: Expenditr(we on charitable activities Costs of raising donations and legacies 10 405 80,439 941 405 179,315 941 121 163,059 2,205 98,876 11.12 Total Expenditure 81,785 98,876 180,661 165,385 Net (expenditure)/income and net movement in funds (8,452) (16,876) (25,328) 13,507 Reconciliation of Funds Total funds brought fonvard 85,957 {6,456) 79,501 65,994 Total Funds Carried Forward 77,505 (23,332) 54,173 79,501 The statement of financial activities includes all gains and losses reco]Sed in the year. All income and expenditure derive from continuing activities.
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 3 1st MARCH 2024 2024 2023 Notes Fixed Assets Tangible Fixed Assets 17 820 740 Current Assets Debtors Investments Cash at bank and in hand 18 19 9,955 46,994 9,052 72,522 56,949 81,574 Creditors." Amounts falling due within one year 20 3,596 2,813 Net Current Assets 53,353 78,761 Total Assets less Current Liabilities 54,173 79,501 Funds of the Chari Restricted Funds Unrestiicted Funds (23,332) 77,505 (6,456) 85,957 Total Chari Funds 22 54,173 79,501 For the year ending 31 st March 2024 the charity was entitled to exemption from audit under section 477 of the 2006 Act relating to small companies. Directors, responsibilities: (a) the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. (b) the directors acknowledge their responsibilties for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies, regime. These financial statements were approved and signed by the trustees and authorised for issue on 19th September 2024 Andy Walkden Chair HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCtAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Lakeside Offices, Suite I, Unit l a. Thorn Business Park, Rotherwas, Hereford, HR2 6JT. Statement of Compliance These fmancial statements have been prepared in compliance with FRS 102. The statement of ReconLmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP) and the 2006 Act. Accounting policies Basis of Preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional cutrency of the entity. Going Concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertainty There are no material judgements or key sources of estimation uncertainty. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds eamarked by the trustees for a particular future project or conunitment. Restricted fldS are subjected to restrictions on their expenditure declared by the donor or through the tenns of an appeal, and fall into one or two sub-classes: restricted income funds or endowment funds. HOME.START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Incoming Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity" it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: (a) income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. (b) legacy income is recognised 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 recognised in the accounts when received if the value can be reliably measured. No amounts are includd for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular puryose and returned if unspent, in which case it may be regarded &s restricted. {d) Resources Expended Expenditure is reco]ised on an accruals basis as a liabiltiy is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: (a) expenditure on raising funds includes the costs of all ndraising activities, events, non-charitable trading activities, and the sale of donated goods. (b) expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and relating to the governance of the charity apportioned to charitable activities. (c) other expenditure includes all expendire that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated 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 between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible Assets Tangible assets are initially recorded at cost, and subsequenty stated at cost less any accumulated depreciation and impairnient losses. Any tangibEe assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. 10 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUAL4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Tangible Assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recoliSed in other recOlsed gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, unless it offsets any previous revaluation gain, in which case the loss is shown within other recOlSed gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an &sset, less its residual value, over the use1 economic life of that asset as follows: Fixtures and fittings 15 % reducing balance Impairment of Fixed Assets A review for indicators of impairn]ent is carried out at each reporting date, with the recovernble amount being estimated where such indicators exist. Where the carrying value exceeds the recovcrable amount, the asset is impaired accordingly. Prior impainnents ar¢ also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the &gset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquistion date. allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. ieSpeCtive of whether other assets or liabilities of the charity are assi1¢d to those units. Financial Instruments A financial asset or a financiat liability is reco]ised only when the charity becomes a paty to the contractual provisions of the instnunent. Basic financial instrLunents are initially recognised at the amount receivable or payable including any related transaction costs. Cuent assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instnunents are subsequently measured at amortised cost. 11 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Accounting policies (continued) Financial Instruments (continued) Where investments in shares are publicly traded or their fair value can othenvise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairnient. Other financial instruments, including derivatives, are initially recolsed at fair value, unless payment for an asset is defetred beyond nornial business tenns or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impainnent at the end of each reporting date. If there is objective evidence of impainnent, an impairnient loss is reCOlsed under the appropriate heading in the statement of financial activities in which the intial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually SI]Ificant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are reco]sed immediately, to the extent that the reversal does not result in a catrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Dered Contribution Plans Contributions to defined contribution plans are reCOlSed as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepanent will lead to a reduction in future payments or a cash refund. When contiibutions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is reco71sed as an expense in the period in which it arises. Limited by Guarantee The charity is a charity limited by guarantee and consequently does not have share capital, each of the members is liable to contribute an amount not exceeding Nil towards the assets of the charity in the event of liquidation. 12 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 Donations and Legacies Unrestiicted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Donations tndividual Donations Institutional Donations 9,696 56,050 9,696 56,050 15,733 67,421 15,733 67,421 Gifts Gifts aid reclaimed 1,097 1,097 66,843 66,843 83,154 83,154 Charitable Activities Restricted Total Funds Funds 2024 Restricted Funds Total Funds 2023 Grants receivable 82,000 82,000 89,500 89,500 Other Trading Activities Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Local fundraising and street collection income 2,604 2,604 1,876 1,876 Investment Income Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Other investment income 2,202 2,202 952 952 Other Income Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Toy library Cleaning income Miscellaneous income 431 1,253 431 1,253 392 3,018 392 3,018 1,684 1,684 3,410 3,410 13 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2024 10. Costs of Raising Donations and Legacies Unrestricted Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Fundraising 405 405 121 121 11. Expenditure on Charitable activities by Fund Type Unrestricted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 80,439 941 98,876 179,315 941 81,380 98,876 180,256 Unrestricted Funds Restricted Funds Total Funds 2023 Charitable activities Support costs 74,804 2,205 88,376 163,180 2,205 77,009 88,376 165,385 12. Expenditure on Charitable activities by Activity Type Activities Undertaken Directl ort Total Funds Costs 2024 Total Fund 2023 Charitable activities Governance costs 83,367 941 95,948 179,315 941 163,180 2,205 84,308 95,948 180,256 165,385 13. Net Incomel(Expenditure) Net income/(expenditure) is stated after chargingJ(crediting): 2024 2023 Depreciaton of tangible fixed assets 232 244 14. Independent Examination Fees Fees payable to the independent examiner for: Independent examination of the financial statements 900 900 14 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 15. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 149,594 5,006 134,846 4,836 154,600 139,682 The average head count of employees during the year was 8 (2023: 8). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 Number of staff - type I No employee received employee benefits of more than £60,000 during the year (2022: Nil). 16. Trustee Remuneration and Expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. 17. Tangible Fixed Assets Fixtures and Fittin Cost At l April 2023 Additions 5,673 312 At 31 March 2023 5,985 Depeciation At l April 2022 Charge for the year 4,933 232 At 31 March 2023 5,165 Carrying Amount At 31 March 2023 820 At 31 March 2023 740 15 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 18. Debtors 2024 2023 Trade Debtors 19. Investments Other Investments 9,955 9,052 20. Creditors: amounts falling due within one year 2024 2023 Trade Creditors Accruals and Deferred Income 2,696 900 1,931 900 3,596 2,831 21. Pensions and other post retirement bellefits Defined contribution plans The amount recog]ised in income or expenditure as an expense in relation to defined contribution plans was £5,006 (2023: £4,836). 22. Analysis of Charitable Funds Unrestricted funds AtIA ril 2023 At 31 March 2024 Income Ex enditure General Funds 85,957 73,333 81,785 77,505 AtIAril 2022 At 31 March 2023 Income Ex enditure General Funds 73,574 89,392 77,009 85,957 16 HOME-START HEREFORDSHIRE
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2024 22. Analysis of Charitable Funds (continued) Restricted Funds AtIAril 2023 At 31 March 2024 Income Ex enditure Restricted Fund (6,456) 82,000 98,876 (23,332) AtIA ril 2022 At 31 March 2023 Income Ex enditure Restricted Fund (7,580) 89,500 88,376 {6,456) 23. Analysis of Net Assets Between Funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than one year 611 9,955 70,535 (3,596) 209 820 9,955 46,994 (3,596) (23,541) Net Assets 77,505 (23,332) 54,173 Unrestricted Funds Restricted Funds Total Funds 2023 Tangible fixed assets Investments Current assets Creditors Iess 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 17