ME
STIRT
Herefordshire
HOM￿START 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 (R￿igned 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 pU￿oSe 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
fill￿ing 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. Tn￿te¢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-JUdgen￿lta1IY work directly
with fan]ilies to help them overcome those chall¢nges that daily lifc C￿ tl)row up. A staff tcam of t1￿ce
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 UnderpIt￿lng 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 p￿￿esS 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 reco￿ltiOn 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
enj￿￿e 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 t￿OUgh 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 sU￿lUS 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 fill￿S 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 fi￿dIng 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 ll￿ke regular donations.
TRP Sealing also kindly lends its boardroom for Trustee and Volunteer meetings. We are grateful for their support.
In addition, n￿lleY 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 Tn￿teeS must not approve the fu￿la1 statements unless they are satisfied that they
give a true and fair view of the state of the Cl￿Rtable compauy and of its inconiing resources and
application of resources, including its income and exper￿lture. 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 cOn￿aDieS 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 GuAIw￿EE
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 LIM￿ED 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 reCO￿lSed in the year.
All income and expenditure derive from continuing activities.

HOME-START HEREFORDSHIRE
COMPANY LD￿ITED 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
cr￿ltOrs. 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, re￿Ie.
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 pu￿Oses.
Desi￿ated 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[m￿ED 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 reCO￿lised 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 pU￿OSe 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 ch￿itable 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 reco￿lSed in other
reCo￿lised 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 C￿led 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￿ i￿eSpeCtive of whether other assets or liabilities of the charity
are assI￿ed to those units.
Financial Illstruments
A financial asset or a financial liability is recO￿lSed only when the charity becom￿ a paty to the
contractLuI provisions of the instnllnent.
Basic financial instruments are initially reCo￿lised 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 invest￿ents 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
deSi￿ted 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 reCo￿lIsed 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 prepa￿nent 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 U￿estrICted 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
U￿estrICted 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 eMploy￿S 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
ch￿lty 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
cu￿ellt 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