ME STIRT Herefordshire HOMSTART HEREFORDSHtRE FOR TBE YEAR ENDED 31ST MARCH 2025
HOME.START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 Page Reference and Administrative Infornvdtion Trustees, aDnual 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 illformation Trustees kndy Walkden Jan Frances Jeremy Stobart Catherine Lloyd Philippa Wride Virginia Taylor David Welton Keny Postlewhitc Helen Tank Chair Vice Chair Treasurer Safeguarding (Appointed 11 April 2024) (Appointed 30 January 2025) Safeguarding (Rigned l October 2024) Scheme NIanager Mandie Preece Principle address and registered office Lakeside Offices Suite I, Unit A Thorn Business Park Rotherwas Hereford HR2 6JT Company registered 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
Trusteesl Report The Trnstees, who are directors for the pUoSe of company law, present their annual report together table company for the year ending 31 st March 2025. Our Aims and Objectives We are a charity that wants children and young people to have the best start in life. Our n]ission is to provide the support to achieve this. Home-start Herefordshire (HSH) airns to help fan]ilies build better lives for their children by recrniting, training and supervising volunteers who offer support, friendship and practical help to fanulies experiencing difficulties. We provide support across the county and to all fan)iliG5 referred to us. The difficulties our families experience arc often complex and reflect the issues facing families identified in county research: challenging and anti-social behaviour" mental bealth issues affecting both parents and childraL' children in povety; domestic abuse" school absenteeism and low acaden]ic acbievenwit; substance abuse; and overcrowded housing conditions. Many of these issues have worsened since COVID-19 and continue to have an impact on the families we support as well as being exacerbatcd by the cost of living crisis. As a cl]aritable company, HSH is dependcnt on fL]nding from t aid contractual agreements, and fundraising. Funding uncertainty in tcrms of public fmance constrdints and the short-terni nature of other filling sources is a major issue. and HSH needs to continually review its priorities and service delivery. Charity Structure HSH is a charitable company limited by guarantee. It is governed by a board of Trustees. the minimurn nuDther of Trustees being five and the maximum twelve. Tnte¢S act according to the Memorandum and Articles of Association that set out the objects of HSH and how it should operate. HSH regularly advertises for new Trustees, suitable candidates are invited to submit an application for and this is followed by au interview. Candidates who remain interested and wbom HSH wish to recruit are invited to attend a board meeting as an observer. The tast stage of the recDJitment process is for existing Trustees to vote on inviting a candidate to join the board. Upon acceptance of a fonnal invite to join the board. the candidate/ new 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 charityls day-to4ay actÉviti¢s. A Scheme Matlager perforn]s co- ordination between the board of trustecs and the staff tcanL Including the Scheme Manager, thcrc were eight ploYeeS in th¢ staff team and s¢vcn trustees as of 31 st March 2025. The HSH service is, in the main. delivered by a team of volunteers who non-JUdgenlta1IY work directly with fan]ilies to help them overcome those chall¢nges that daily lifc C tl)row up. A staff tcam of t1ce Co-ordinators train and support volunteers in their role. As of 31 st March 2025, HSH 61 volunteers on its books.
The Strategic Plan HSH maintairis a strategic pla which was last updated in 2021. Through this and its UnderpItlng plans, the day-to4lay activities of HSH are coordinated to deliver the objectives of the clwity. The strategic plan has seven priorities, thcse are: l. Service Dev¢lopment - int¢grating new t¢cl]nologies and innovations into the service. 2. Staff, volunteers and trustee development and succession planning. 3. Diversity - within HSH staff and trustees, and with families and groups in the conJmuDity who n]ight fll themselves easy to ignore" 4. Expanding partnerships and collaboration with other agencies. 5. tncreasing public profile. 6. Financial resilience. 7. Maintaining delivery of a quality service to families. Each priority is underpinned by all action plan that breaks down what HSH will do into SMART (Specifie, Measurable, Achievable, Relevant, and Time-Bouad) objectives. Since the action plan was fLrst drafted in 2021, HSH has been working to make pesS against these priorities. Underpinning the action plan is the operational plan delivered by the scheme manager. which directs the daily and weekly activities of the staff tcam. Achievements and Performance Thc financial year 2024 -2025 has been an eventful period nwked by some notable changes. The final quarter of the year saw a flury of activity to prepare tbe organisation for a significant new development- the launch of the Baby Steps Proj¢ct, which began accepting referrals from l April 2025 and complements our traditional role of supporting families throughout the county. The Baby Steps initiative is specifically designed to assist care-experienced parents and parents-to-be aged 16 - 25 and is being delivered via our volunteering model which remains unchanged and effective. The excitillg launch of Baby Steps, has coincided with the end of our volunteer befricnding contract with Herefordshiie Council, which had been in place for 20 years. Althougb this is a sad occurrence after a long and positive relationship. we continuc to respond to both professional and self-referrals. ensuring our services remain accessible to everyone who needs our help across the county. We want to express our gratitude to Mandie and thc staff team for their tireless efforts in launobing the new and innovative projecL alongsidc the Herefordshire Con]muwty Foundatio which is funding Baby Steps for the next three years. We are also thankfth to the Herefordshire Conmlunity Foundation for their support over the past months, which bas enabled Home-start Herefordshir¢ to demonstrate how our delivery model can assist young families facing unique cballenges. Internally, Home-start Herefordshirc has perforn]cd exceptionally welI in Home-start UK'S Quality Assurance monitoring, receiving recoltiOn for our family support services and our governance and leadership. Thank yoi to everyone involved- trustees, staff, and family visiting volunteers - for their ongoing conllnitment to maintsining the high quality of Home-start's services. This ycar. we welcomed two new trustees, Cathctine Lloyd and Kerry Postlewhite, while bidding farewell to a lons-s¢ryins tru3tpx, Helen TanK who has MOV away from HerefordshAre fi)r family reasons. We thank Helen for her significant eA)ntributions over the years, and we will miss her invaluable CA)unsel and advice. Catherine has competently taken over the Safeguarding Lead from Helen and will be a tremendous asset to Home-start Herefordshire. Our newest recruit, Kerry, brings extensive experience in raising the profile of organisations
within the charity sector. With regards to fillthering public benefit, HSH aims are to: inspire more people to volunteer for us and support our core offer enhance the support we provide fan]ilies in t¢rnLS of providing a stronger oIce, for families endeavour to improve access to early years services and compassionate support for fan]ilies improve inclusion and diversity across the county, and enje tbe collective impact of the Home-start network for the benefit of the wider community. Financial Review Treasurer's Report The financial year 24125 has been a distinct improvem¢nt on 23124. However, it should be noted that two major ontracts were concluded at the end of this financial year, namely the Council and Venllture contracts. We have high hopes for our new Baby Steps project, and we have a number of exciting prospects coming through as we move tOUgh 2025 into 2026. So. we have a challenging but exciting year to come. Regarding the 202412025 result, there has been an increase in expenditure this year, primarily due to increased staff costs, which were budgeted for (Total Expenditure - 23124: £ 180,661, 24125: £198,768). This has been more than offset by a greater improvement in income. and particularly a marked uptick in restricted income, albeit the in]provement in Core income Iw also been signkficant cfotal Income- 23124: £155.333, 24125: £209,238). (Restricted inCou- 23124: £82.000, 24/25: £113,980) (Core income- 23124: £73.333. 24125: £95,258) So. we have a sUlUS for thc year 24125 of £10.470. (Note: In 23134, our reserves reduccd from £79,501 to £54,173. a reduction in reserves of £25,328). Our overall reserves for the end of 24125 have increascd to £64,643. It should also be noted that as two of our major contracts have come to an end in 24125, Trustees have agreed that it is prLulent to start the 25126 financial year with a 'clean' sheet. Thus, our lStoric, restricted reserves deficit from last year of £23,332, and the restricted funds deficit of £1 0,287 for 24125 for two funds/contracts ¢nding in 24125 (Total of both figures: £33,619), havc been paid down to zero by moving fillS from our unrestricted reserves. This means we carry forward a surplus of £8,824 in our restricted reserves and a surplus of £55,819 in our unrestricted res¢rves. to th¢ 25126 financial year. So, a good result, but we still have some way to go to achieve our ideal reserves position. Our budget for 25126 has given us a funding target which is achievable but will still be challenging. As ever, my praise goes out to Mandie and her hard-working team for their achievements. 25126 will be a signiflcant clwige for the charity, as some substantial, long-stallding contracts have come to an end. However. with new projects coming on stream (such as Baby Steps). our staff continue to their knowledge and skilI set and *1 are rising to the new challenges bcing set. Our current unrestricted reserves provide only minimum cover for emergencies. such as shortfalls in funding or unexpected expenditure. The Trustees continue to believe that reserves equivaleat to six mollths, expenditure, i.e., circa £IOO,000 (based on current expenditure levcls), are the optimum required to aLsure continuity of operations and will continue to work towards this goal. Although the cuttent r¢serves provid¢ for just uuder three and a half months of expenditure cover (202312024: 3.5 months), althougb not ideal, the Trustees believe this i: sufficient to meet the minimum requirements to continue operations.
These are still difficult times. Inflation remains hith with staffing costs continuing to rise at a higher level than the y¢ars preceding the Covid pandemic, keeping up with the cost of living, and energy costs are also on the rise again. The public sector continues to struggle with fidIng models and how to deal with budget black holes that are starting to appear more and more. With the end of the Council contract, we are now seeing the effect of the loss of HSH'S involvement in Council-funded family support on the provision of, particularly preventative, support across Herefordsbire. Ultimately, this might benefit HSH should the powers that be realise that there is a widening 'gap' in the holistic application of preventative help and support ill Herefordsl]ire, but in the short ten]L it is local fanilies who are feeling the brunt of thes¢ decisions. Grants were received from Eveson Charitable Trust, H¢refordshire Council, The Departhent of Education, BBC Children ill Need, EF Bulmer TnL8t, Hereford Together Fund, SR & PH Southall Trust, Kington United Charities, William A Cadbury, Mumford Memorial Trust, The Herefordshirc Con]murrity Foundatio as well as donations from EtFr Forklifts, Rathbone Moral Aid Cl]arity, HAYES Travel, Waitrose & Partners, JOI Lewis & Partners, Pontrilas Developments, Hereford City Rotary Club, Cadent and friends who llke regular donations. TRP Sealing also kindly lends its boardroom for Trustee and Volunteer meetings. We are grateful for their support. In addition, nlleY was received in the fornl of donations from individuals and the proceeds from fimdraising events. We are grateful to the donors for their generosity and to all those involved in fundraising events for their hard work and comn]itment. Statement of Trustees, Responsibilities The Trustces (also directors of HSH for the pu4)oses of company law) are rcsponsible for preparillg the Trustees, report and the financial statement in accordance with United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice) and applicable laws and regulations. Company law requires the Trustecs to pr¢parc financial stateTn¢nts for each financial year. Under company law, the TnteeS must not approve the fula1 statements unless they are satisfied that they give a true and fair view of the state of the ClRtable compauy and of its inconiing resources and application of resources, including its income and experlture. for that period. In preparing these statements. the Trustees are required to: select suitable accounting policies and apply them consistently. observe the mcthods and principles in the Chatities SORP. make judgements and estimates that are reasonable and prudent" state whether applicable UK accounting standards have been followed. subject to any terIal departures disclosed and explained in the finan¢Kal statements. and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the clwity will continue in business. The Trustees are responsible for keeping adequate accounting records sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the compangs fmancial position, enabling them to ensure that the financial statements comply with the cOnaDieS Act 2006. They are also responsible for safeguarding the companYs assets aniL hence. for taking reasonable steps to prevent and detect fraud and othcr irregularities. Approved by the Trustees on 27 November 2025 and sigaed on their behalf by: Jan Frances, Acting Chair
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GuAIwEE tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START HEREFORDSHIRE YEAR ENDED 3 1st MARCH 2025 I report to the trustees on my examination of the financial statements of Home-start Herefordshirc ("the charity") for the year ended 31 st March 2025. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you arc responsible for the preparation of the financial statements in accordanc¢ 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 charitys accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirni that no matters have com¢ to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity as required by section 386 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 "truc and fair. view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordanc¢ with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicabl¢ to charities prq)aring their accounts in accordanc¢ 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 Examiner 13th Novemb¢r 2025
HOME-START HEREFORDSHIRE COMPANY LIMED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 3 1st MARCH 2025 includin income and ex enditure account Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 Income and Endowments Donations and legacies Charitable activities Other trading activities Investment Income Other income 90,804 90,804 113,980 905 3,189 360 66,843 82,000 2,604 2,202 1,684 113,980 905 3,189 360 Total lllcome 95,258 113,980 209,238 155,333 Expenditure Expenditure on fundraising: Expenditure on charitable activities Support Costs 86 82,270 969 86 197,713 969 405 179,315 941 115,443 Total Expenditure 83,325 115,443 198,768 180,661 Net (expenditsre)lincome and net movement in funds 11,933 (1,463) 10,470 (25,328) Reconciliation of Funds Total funds brought forward Transfer between funds 77,505 (33,619) (23,332) 33,619 54,173 79,501 Total Funds Carried Forward 55,819 8.824 64,643 54,173 The statement of financial activities includes all gains and losses reCOlSed in the year. All income and expenditure derive from continuing activities.
HOME-START HEREFORDSHIRE COMPANY LDITED BY GUARANTEE BALANCE SHEET YEAR ENDED 3 1st MARCH 2025 2025 2024 Notes Fixed Assets Tangible Fixed Assets 17 1,225 820 Current Assets Debtors Investh]ents Cash at bank and in hand 18 19 6,666 9,531 51,476 9,955 46,994 67,673 crltOrs. Amounts falling due within one year 56,949 20 4,255 3,596 Net Current Assets 63,418 53,353 Total Assets less Current Liabilities 64,643 54,173 Funds of the Chari Restricted Funds Unrestricted Funds 8,824 55,819 (23,332) 77,505 Total Chari Funds 22 64,643 54,173 For the year ending 31 st March 2025 the charity was entitled to exemption from audit under s¢ction 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 reLX)rds and the preparntion of fmancial statements. These financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies, reIe. These financial statements were approved and SI]ed by the trustees and authorised for issu¢ on 27 Nov¢mb¢r 2025 Jan Frances, Acting Chair
,HOME.START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 General Infornmtion 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 la. Thorn Business ParL Rotherwas, Herefor(L HR2 6JT. Statemellt of Compliance These financial statements have been prepared in compliance with FRS 102. The statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (Charitie3 SORP) and th¢ 2006 Act. Accounting policies Basls 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 ]neasured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fimctional currency of the entity. Going Concern There are no material uncertainties about the charitys ability to continue. Judgements alld key sources of estimation uncertainty There are no material judgem¢nts or key sources of estimation uncertainty. Fund Accounting Unrestricted fimds are available for use at the discretion of the trustees to fillther any of the charitys puOses. Desiated funds arc unrestricted funds ean]thed by the trustees for a particular future project or commitsnent. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through th¢ ternis of an appeal, and fall into one or two sub-classes: restricted income funds or endowment fLmds.
HOME-START HEREFORDSHIRE COMPANY L[mED BY GUARANTEE NOTES TO THE FINANCtAL STATEMENTS YEAR ENDED 3 1st MARCH 2025 Accoullting policies {colltinued) 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 clwity and the amount can be reliably m¢asured. 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 probabl¢ and its amount can b¢ measured reliably. legacy income is recognised when rcceipt is probable and entitlement is established. (b) (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 included for the contribution of general volunteers. income from contracts for the supply of services is reCOlised 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 pUOSe and returned if unspent, in which case it may be regarded as restricted. (d) Resources Expended Expenditure is recognised on an accruals basis as a liabiltiy is incurred. Expenditure includes any VAT which cannot be fully recoverrf 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 fundraising activities, events, non-charitable trading activities, and the sale of donated goods. (b) expenditure on charitable activities includes all costs incurred by a C1]ty in undertaking activities that fillther its chitable aims for the benefit of its beneficiaries, including those support costs and relating to the governance of the C]lty apportioned to charitable activities. (c) other expenditure includes all expenditure 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 atsibutable 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 tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2025 Aecoullting policies (continued) Tangible Assets (continued) An increase in the canying amount of an asset as a result of a revaluation, is recolSed in other reColised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying 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 recogDised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asseL less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings 150/0 reducing balance Impairment of Fixed Assets A review for indicators of impainnent is Cled out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. For the purposes of impairni¢nt 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 cath-generating unit is the smallest identifiable group of assets that includes the asset and generates cash infiows that are largely independent of the cash infiows from other assets or wups of assets. For impairnient testing of goodwill, th¢ 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 Combinatio ieSpeCtive of whether other assets or liabilities of the charity are assIed to those units. Financial Illstruments A financial asset or a financial liability is recOlSed only when the charity becom a paty to the contractLuI provisions of the instnllnent. Basic financial instruments are initially reColised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at th¢ cash or other consideration expected to be paid or received and not discounted. Debt instsuments are subsequently measured at amortised cost. 11
HOME-START HEREFORDSHIRE COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 Accounting po]icies (continued) Financial Instruments (continued) Where investents in shares are publicly traded or their fair value can otherwise be measured reliably, the investhent 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 recognised at fair value, unless payment for an asset is deferred beyond nonnal business ternis 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 mark¢t rate of interest for a similar debt insinllnent. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of fmallci activities, with the exception of hedging instsvments in a deSited hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairnient at the end of each reporting date. If there is objective evidence of impairnien( an impairnient loss is reColIsed under the approwiate heading in the statement of financial activities in which th¢ intial gain was recognised. For all equity instrLunents regardless of significance, and other financial assets that are individually sI)ifiCall( these are assessed individually for impainnent. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characknstics. Any reversals of impairnient are recognised immediately, to the extent that the reversal does not result in a canying amount of the financial asset that exceeds what the carrying amount would have been had the impairnient not previously been recognised. Defmed Contribution Plans Contributions to defmed contribution plans are recognised 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 contributions 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 recognised as an expense in the period in which it arises. Lin)ited by Guarantee The charity is a Charity lirnited by 8uarantee 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 HEREFORDSHtRE COMPANY LIMrrED BY GUARATrrrEE NOTES TO THE FfNANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2025 Donations and Legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Individual Donations Institutional Donations 7,016 83,788 7,016 83.788 9,696 56,050 9,696 56,050 Grfts Gifts aid reclaimed 1,097 1,097 90,804 90,804 66,843 66,843 Charitable Activities Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Grants receivable 113,980 113.980 82,000 82,000 Other Trading Activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Local fundraising and Street collection income 905 905 2,604 2,604 Investment Illcome Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Other investment income 3,189 3,189 2,202 2,202 Other Income Unrestiicted Total Funds UestrICted Total Funds Funds 2025 Funds 2024 Cleaning income Miscellaneous income 360 360 431 1,253 431 1,253 360 360 1,684 1,684 13
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2025 10. Costs of Raismng Donations and Legacies UestrICted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising 86 86 405 405 11. Expenditure on Charitable activities by Fund Type Unrestricted Funds Restricted Total Funds Funds 2025 Clwitable activities Support costs 82,356 969 115,443 197,799 969 83,325 115,443 198,768 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 12. Expellditsre on Charitable activities by Activity Type Activities Undertaken Directl ort Total Funds Total Fund Costs 2025 2024 Charitable activities Governance costs 87,578 969 110,221 197,799 969 179.315 941 88,547 110,221 198,768 180,256 13. Net Income/(Expellditure) Net income/(expenditure) is stated after chargingJ(crediting): 2025 2024 Depreciaton of tangible fixed assets 256 232 l4. Independent Examination Fees Fees payable to the independent examiner for.. Independent examination of the financial state 948 900 14
HOME.START HEREFORDSHIRE COMPANY LIMrrED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3 1st MARCH 2025 15. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Employer contributions to pension plans 163,310 5,971 149,594 5,006 169,281 154,600 The average head count of employees during the year was 8 (2024.. 8). The average number of full-time equivalent eMployS during the year is analysed as follows: 2025 2024 No. Number of staff - typ¢ I No employee receiv¢d employee benefits of more than £60,000 during the year (2022.. Nil). 16. Trllstse Remuneratioll and Expenses No trustees, nor any persons connected with them, have received any remuneration from the chlty during the year. 17. Tangible Fixed Assets Fixtures and Fittin Cost At l April 2024 Additions 5,993 263 At 31 March 2024 6,256 Depeciation At l April 2024 Charge for the year 4.775 256 At 31 March 2025 5,031 Carrying Amount At 31 March 2025 1.225 At 31 March 2024 1.218 15
HOME.START HEREFORDSHIRE COMPAIN LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEl*rrs YEAR ENDED 31st MARCH 2025 18. Debtors 2025 2024 Trade Debtors 6,666 19. Investments Other Investments 9,531 9,955 20. Creditors: amounts falling due within one year 2025 2024 Trade Creditors Accruals and Deferred Income 3,325 930 2,696 900 4,255 3,596 21. Pensiolls and other post retirement benefits Defmed contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,971 (2024: £5,006). Analysis of Charitable Funds 22. Unrestricted funds AtlA 2024 Transfer Between At 31 March Funds 2025 Jncome Ex enditure General Funds 77,505 95,258 83,325 (33,619) 55,819 2023 Income Ex At 31 March 2024 enditure General Funds 85,957 73,333 81,785 77,505 16
HOME-START HEREFORDSHIRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 22. Analysis of Charitable Funds (continued) Restricted Funds Transfer Between At 31 March Funds 2025 AtlAril 2024 Income Ex enditure Restricted Fund (23,332) 113,980 115,443 33,619 8,824 AtIA 2023 At 31 March 2024 Income Ex enditure Restricted Fund (6,456) 82,000 98,876 (23,332) 23. Analysis of Net Assets Between Funds Unrestricted Funds Restricted TotaI Funds Funds 2025 Tangible fixed assets Investments cuellt assets Creditors less than one y&ir 1,032 9,531 49,511 (4,255) 193 1,225 9,531 58,142 (4,255) 8,631 Net Assets 55.819 8,824 64,643 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less thaa 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 17