Registered number: 5659531 Charity number: l 114860 HOME-START BANBURY, BICESTER & CHIPPING NORTON (A company limited by guarantee) Report and Financial Statements for the year ended 31 March 2024
HOME-sfART BANBURY, BICESTER & CHIPPING NORTON (A company limited by guarantee) Contents Page Legal and administt*ive infomiation Report of the Trustees tndependent Examiner's report Statement of financial activities Balance sheet io Notes fornling part of the Financial Statements
HOME-START BANBURY, BICESTER & CHIPPING IYORTON (A eotnpany limited by guarantee) Legal and Administrative Inforniation for the year ended 31 March 2024 Constitution Home-siart Banbury and Chipping Norton Limited 15 a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Previously Home-start Banbury & Chipping Norton operated &8 charity number 2968J7. The company was fornied on 20 December 2005. Directors and trustees The dIlorS of the Charitable Company are its trustees for the purposes of charity law and throughout this report are ¢ollectively referred lo as the trustees. The trustees, liability is limited to £ I: provided that they do not act negligently, or fraudulently.. and do not allow the Charity to continue when it is insolvent. The trustees serying during the year #nd since the year-end were as follows:_ Chloe Wi)odhead Douglas Keir Nick Case Amanjit Dhillon Jo Graves John Karslake Sadie Patamia Laura Sharpe Ellie Thornton Anne Walers Pete Welply Chair Treasurer and Secretary (Appointed October 2023) (Resigned October 2023) (Resigned February 2024) Brilannia Road Children's Centre Registered Office: Grove Street Banbury OX16 5DN Mercer Lewin 234 Botley Road Oxford OX2 OHP Accountants:
HOME-START BANBURY, BICESTER & CHIPPING IYORTON (A company limited by guarantee) Report of the Trustees for the year ended 31 March 2024 The Trustees are pleased lo present their report together with the financial statements of the Charity for the year ended 31 March 2024. Objects of the Charity The objects of the Charity are lo offer practical help and supportive friendship to parents who have young children in local communities across the area. We offer a unique service, visiting families with at least one child under five to offer them infornial, friendly and confidential support in their own home surroundings. We also offer group 'Stay and Play, sessions in Bicester and Banbury. Governance Principles HSBBCN is aware of and follows the guidelines laid down in the Charity Governance Code for smaller charities. In particular it adheres to the ¢or¢ principles contained within the code. OrganLsalional Purpose The Board is clear about the Charity's aims and ensures these are being delivered effectively and sustainably. This includes: Periodic reviews of the Charity's charitable purpose and the environment in which it operates to ensure il remains relevant. Consideration of potential benefits of working in partnership with organisalion5 Wlth similar purposes, and Regular reviews of it5 financial sustainability. Leadership Board members take collective responsibility for ensuring the Charity has a clear vision and strategy to hieve its aims. This includes: Clear definition of each Trustee's responsibilities within the Board and in relation to stsff members, and Effective proccsses to recruit. train and supervise staff and volunteers. Jnlegrity The Board acts at all time with integrity in achieving its agffed aims and delivering its stated purpose. This includes: Objectivity in all decisions about delivering its purpose, No undue power imbalance within the Charity's overall structure, Ensuring appropriate safeguarding processes are in place, and Identifying and recording any conflicts of interest.
HOME-START BANBURY, BICESTER & CHIPPIIYG NORTON (A company limited by guarantee) Report of the Trustees (continued) for the year ended 31 Mareh 2024 Decision-making, Risk and ConÉrol The Board ensures its decision-making processes are infomed, rigorous and timely. Trustees delegate authority to those working in the Charity whilst r¢¢ognising that ultimate responsibility for the decisions and actions of the Charity lie with the Board. This includes.. Established committees of the Board with responsibility for specific areas such &8 Finance and Personnel, Oversight of services provided by third parties. Regular monitoring of overall organisational performance, and Processes in places for the active management of risks both within the Charity and in its relationships with third parties. Board Effeclivene5S The Board works as an effective team re¢ognising and making use of the range of background, skills and experience of its member5. This includes.. Regular meetings of the main Board and the different committees, Clear procedures in place for the recruitment and induction of new Trustees as required, Chair ensures Trustees receive all infomiation rwuired in a timely fashion to allow them to make infomied decisions. and Chair manages the Board so as to ensure all views are heard and any potential differences resolved. Equality, Diverslty and Incluslon The Board has a clear approach to supporting equality, diversity and inclusion throughout the organisation and in its own practice. This includes reviews of Trustees, backgrounds, and bias in Trustee recruitment as well as consideration as to how Board meetings and their proceedings Can be made more accessible. as appropriate. Openness andAccountability The Charity is open in ils work and how its serves those in its community. within reasonable guidelines of trusL confidentiality and legitimacy.
HOME-START BAli BURY, BICESTER & CHIPPING NORTON (A company lirnited by guarantee) Report of the Trustees (continued) for the year ended 31 March 2024 Summary of activltles 23-24 This year the team faced Changes in office personnel while dealing with the ever-pres5ing demand for family support services. collegial dedication and adaptability saw new staff warmly welcomed as tE]ey enthusiastically joined our resilient team during a difficult fund-raising period. The hard-won success over this period led to 8? families receiving home-visiting support and ?0 I families enjoying Stay & Play sessions. HSBBCN supported 751 individuals altogether.. a proud achievement. Of particular note during the year has been the expanding team work with other local Home-siarts for the purpose of essential fundraising, supported by the successful Oxford Half Marathon and the Big Give Week. We are so grateful to the participants and donors. The Trustees would like to reiterate our thanks and appreciation to the whole team, both volunteers and staff for their contribution to the benefits to growing families. Revlew of Financial AffAirs Last year posed an extremely challenging environment for us, both financially and in respect of fund-raising resources. Total income fell by £1 ? 561 (80/0) to £157,377 {22-?3: £169,93 8). Had we not engaged the help of external fund-raising consultants for a brief period, the picture would have been much bleaker. Statutory grants (county, town, district and parish councils) rna1n very much as minority contributors (5010) despite the fath that the support we provide is an extension of their own social responsibilities. 15 years ago. this was recognised when 88 % of funding came from statutory sources. Expenses in ?023-24 rose by 8 % to £192,735 (?2-23.' £178,7?2) largely due to the increased cost of nd- raising, primarily fees incurred through the use of extemal nd-raising consultants while we sought to replace employed fund-raising resources in a particularly difficult market. Other costs were slightly lower than in the previous year. mainly through a constrained approach to staff recruitment and despite a rising inflationary environment. The combined effect of the 8 % reduction in income and the 80/0 increased expenses led to a significantly larger deficit of £35.358, compared to the 22-23 deficit of £8,785. The year end reserves consequently decreased to £65,199 (?023'. £100,557). The unrestricted, uncommitted. year-end reserves represented 33 /014 months) of the year's expenditure. The Trustees are aware that this is below their target minimum reserves, and have taken steps to ensure their improvement in 2024-25. At the time of writing, (October 2024) we are optimistic of starting this in 24-25 with a modest Surplus. We very much appreciate all the finan¢ial support we receive. as well as the outstanding family and other support provided by the staff and volunteers. even in the face of increasing need and complexlty.
HOME-START BBuRY, BICESTER & CHIPPING NORTON (A company limited by guarantee) Report of the Trustees (continued) for the year ended 31 March 2024 Trustees, Responsibilities Company and charity law applicable to charities An England and Wales requires the Trustces to prepare fmancial statements for each fanCIal year which give a trne and fair view of the state of affairs of the Charity and of the surplus or deficit of tbe Charity for that period. In preparing those fmancial statcments the tn]stces bave: selccted suitablc accounting poIicies and appIied them coDsistently' made judgcments and estimates that ar¢ reasonablc and prudenL stated whether applicable COUnting standards have been followed, subject to any material dcpartures disclos¢d and explained in the financial statements. and preparcd the fmancial statements on a going-con¢ern basis. The Trustees have overall responsibility for ensuring that the Clwity has an appropriate system of controls. fmancial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable aecuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and henc¢ for tsking reasonable steps for the detection and prevention of fraud and other irregutarities This report is prepared in accordance with the special provisions of the Companies Act 2006 relating to small charitable companies. This report was approvcd by the trustees on .. 11 . 2024 and signed on its bchalf, by: Douglas Keir Treasur¢r
Independent examiner's report to the trustee5 of Home-start Banbury & Chipping Norton for the year ended 31 March 2024 IA eomp#Thy limited by guarantee) I r¢port the accounts of Home Siart Banbury ar4J Chipping Norton for the year ended 31 Marcli 1074 Set out on pages 4 to 12. RpeCtiVe responsibilities of tru5tee5 as directors and examiner. Tlie trustees (who are also the directors of the company for the purposes of company law) are responsible for th¢ preparation of the accounts. The tTUStees consid¢r that an audit is not required for this year under section 144(2) of the Charities A¢t 2011 I the Act") and that an independent e.xamination is nceded. Having satisfied myself tliat the Charity is not subject to audit under company law and is eligible for independent examination: it is my Tespon5ibility to.. EYamTne the accounts under section 145 of the 2011 Act: - To follow the procedures laid down in the general Directions given by th¢ Charity Commission under section 145(5) of th¢ 2011 Act; and to state whether particular matters have eom¢ to my attention. My examination was carried out in accordance with the general Direetions given by the Charity Commilon. An examination includes a review of the accounting rewrds kept by the Charity and a eomparison of the aeeounts presented wilh thos¢ r¢rords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be r¢quired in an audit and consequently no opinion is given as to whether the accounts pres¢nt a'true and fair view, and the report is limit¢d to those matters set out in the stat¢Tnent below. Opinion In connection with my examination. no material matters have come to my attention which gives me Cause to believe that in any material respect- a) the accounting records were not kept in accordance with section 130 of the Charities Act. or b) the aeeounts did not accord i¥iih the accounting records- or c) the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (A¢counts and Rewrtsl Regulations 2008 other than any requirement that the accounts give a'true and faie view which is not a matter consid¢d as part of om indep¢ndent examination. I h&ve t]0 concern5 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 understandittg of th¢ a¢counts to be reached. 23 DeCernr 2024 A Churehill Ston¢ FCA DChA M¢r¢¢r Lewin Ltd Chartered Accountants 234 Botl¢y Road OX2 OHP
HOME-START BANBiIRY, BICESTER & CHIPPING NORTON {A compgny limii¢d by guarnntee) Sttement of Finan¢i41 Activities Notes Total 2024 Total 2023 2024 (Restricted) 2024 {Unre5tricted) In¢omiDg ResourtÉ8 Grants. fundraising & donations Interest income 50.269 106.573 536 156,842 536 169,727 212 Total Irt¢otlllDg Resource5 50,269 107,109 157,377 169.938 Resources Expended Direct charitable expenditure Fund-rdising costs Management & administration Gov¢rnance 49,354 86.455 34.277 l R.345 1.468 135,808 34,277 104.044 32.527 41.112 1.039 2a 1,468 Total Expenditure 52,190 140.54) 192,735 178.7?ry Operating deficitlsurplus for the year -1,921 -33,437 5,358 -8.785 Transfers betwetTh funds Net defieiVsurplu8 for the year -1,921 -33,437 5J58 4.785 A¢tumu14t¢d Funds Brought forward Current year Surplus Total funds t 31 March 3,218 1,921 1,297 97.339 -33.437 63,902 100,557 -35,358 65.199 109.342 -8,785 100557
HOIIIE.START BANBURY, BICESTER & CIIIPPING NORTON (A company limited by guarantee) Balance Sheet at 31 March 2024 Notes 2024 2023 Cash at Bgnk and in Hgnd Cutr¢nt Ac¢ounts Savings Accounts Cash in Hand 28830 60663 55613 652 368 73,258 116,927 Liabilities." Amomllts Fgllillg due in Otte Ye4r Net of current assets -8,059 -16,370 -8.059 -16,370 Net Current Assets 65,199 11)0557 Accumulated Funds Restricted Unrestricted 1.297 63,902 65.199 3,218 97,340 100,557 The Charitabl¢ Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with S¢rtion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the Charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the Charitsble Company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of S¢¢tions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial ststern¢nts, so far as applicable to the Charitable Company. (b) These financial statem¢nts have b¢en prepared in accordance with the provisions applicable to ¢harit&bl¢ companies subject to th¢ Small companies Tegime. The financial statements were approved by th¢ Board of the TrIte¢S on and signed on their behalf. by: A&.4 30 ay Douglas Keir (Treasurer) io
HOME-START BANI BIIRI., BICESTER & CHIPPING NORTON IA tomp8Y limited by gulranteel Notrs to the Financlil Sialetnents for the year endtd 31 M8r¢h 2024 l AceTruntin 'rhe fulluFFi Aicnuntin The finala1 siaiemenlb have prepaTed urtder the histoncal c051 basis and in accordance with the Financial Reponinbp Standard for Smaller Eniiiies (effective April 0081. The siatement f Recommended Practi¢e by Charities: Issued by Charities Commissioners also i¢n rollowed. Policio5 2CLOUStlin i)licics were u.ltd EunsLstEnll Grxnts: Gian15 rcceived are creditcd lo the Financi Activities when Ihey are receiwable, 5plii tKiween Te5trictcd and unrcstr1eied lunds. RL'soUrCL Q cnded: All eipendiluTe 15 accounrcd foT on an accTual i¥Jsis. inclusive of VAT and been C151r1ed undeT heading5 that aggregate all costs rclaied 10 the catebTOry. The Vdlue of volunl£eis' tiTne ha5 ett reflecl¢d in the tKcounis. re¢£tin.. Depreciatlon 15 calculated to wrile off ihe a55ets on a r¢ducin&p balanee bLsis. Ii¢n)5 foT which grants have been rtctived. as well as all otheT items under£1.or 3r¢ written off to revenue. Kestricted Unrestrict¢ 'unds -l-otal 'unds 'I"otsi 2UZ4 ZV24 21J24 ZV2J Direei ChAritHblc Ei Salanes. Nl & Pensiort Pa011 ÈxpÈn5e5 SMfPVolunieerExpenses Trninin StAffl voJuner tecruitrnent D1 Grollps Direet family as5i51aace i'pditurL' 48.1?0 71.589 648 10.000 648 10,ooD 972 9.083 ?.4JJ 836 1,786 647 390 390 1.234 587 1.820 Tot1 Diriy¢ Expeftditure 49J54 86A55 21al Fund-rajTrg ExpeThlltttrt Salgrie4 Nl & Pe10 Other fiNring ¢(tI Note 9 18,024 16.254 18.024 16254 31,538 Tot•1 Fun&rglslnE ExpenditUTe 34277 0 34277 32a27 ¢rncnr &.4mIlS*rIj Salaries IMan2gunentl Office Cos15 ITCosts Stalion¢ry TelephonE l int¢rnel Insurance Fees Preinises NotE9 17.925 5.48J 738 336 2.271 4,326 330 788 l J62 3,?98 5.970 3,009 4,662 330 788 J62 3,?98 7,732 1,686 3.830 10.669 1,762 Tvlwl Mwnagement & 2036 18J45 41,112 4 CovernaDee AGM lated Trustce trnvel •nd ini5tt1L4neous Totsl Gov¢rn¢¢ 370 i.) 1.408 370 1.098 1,468 373 666 1.039 li
HOME-START BANBURY. BICESTER & CHIPPING NORTO IA eomp*ny limitrd by gu9rAntee) Notes to the Financial Statemtnts for iht yegr ended 31 March 2024 Restrteted Funds Ullrestrietsd Flllld$ TotAI Total Funds Funds 2024 2024 2024 2023 5 Incomine resources Charftable trusts ststutory bodies Corporate bodles 34,411 8.160 7.688 79.wl 114,371 8,160 7,688 8.359 88 1?7.973 8,648 16,520 4.698 ,359 R8 Unclaimed expenses Fund-raisin8 events Organised by Home-start Organised by other5 11.980 6.?44 11.980 6,244 2.302 9.586 Totsl .$0.268 106.573 1.1 6,841 169.7?7 6 LinbilitlCS= Jlrnounrs fallin due within onE gr.. Accrua15 in resm of HMRC A¢¢wals in respect of wision contriblltions Accruals.. staff & volunteer expenses Prepaid grants Note 5 Prepaid accounis Other creditor Other ac¢nS Accruals in respect of Aecountallt's Fees Totsl Liabllltles falling withln one ye8r 5,020 1.515 150 5,020 2,033 859 150 150 11.294 -297 510 8.059 510 8.059 498 16J70 7 R¢5trictsd fund.% Banbury Charities Family Holiday AsSlItI0n 82 182 182 1.762 B&Q Cherwell DC Clothworkets Foundation Home-stsrt UK Oxford5hire Comm. Foulld'n Rotsry Club of Banbury 1.074 16 16 203 30 16 203 30 120 Tot81 re5trieted funds 1297 1,297 3318 12
HOIME-START BANBURI., BICESTER & CHIPPING NORTON (A company limited by guarllnttt) Notes to the Finaneixl Statements (continued) for the year ended Jl March 2024 8 Reserves Policy The tru5t¢cs believe that the minimum level of un¢ommitted reserves should be the ¢quival¢nt of at least four-and-a-haiftnonths,, preferably si.x fftonths,. ottrating cosls, plus an clemcnt to cover rcdundancy.. oulstanding Icases, and othcr wind-up costs. The tninimum amoun¢ at 31.3.24 is 98.209 Prudent reserves atnount (s expenses + close down costs) 122.301 The total unrestricted funds at 31.3.24 are.. 63,902 Th¢ Trustee5 are aware of the shortfall in unrestricted funds complld to ihe minimum resetryes required by the policy as at 31.3.24: and are Confident that th¢ shortfall has been addressed. Fund-raising consultanls were hired and a new fund-rdiser was employed. A number of significant multi-year grnnts have already been awarded for 2024-25. 9 Slaff costs and ¢moluments 2024 2023 Gross salaries (including maternity pay) Employels National Insurance Employer's Pension Contributions Home-working allowance Employment Allowance (ststutory reduetion in ¢mployels Nl) 127,125 10,335 5,272 126,846 10,064 4,892 948 -5.(H)O 137.732 137,749 2024 2023 Numbers of full titnc employees or full time equivalent5 There were no cmployees with cmoluments in cxcess of £60.000 per 2nnum. Thc Charity has a dcfined contrihution pension scheme, which complies with the auto*nrolment regulations. The pension contributions shown represent the ¢ontributions paid by the Charity in the year. 10 Trustte remuneration: None of th¢ trustees reixived any reUtratiOn for their services. I l Trustee Expenses Where tnistee travelling eXnSeS wer¢ paid, donations were also received to cover the costs.