**Registered number: 05818942 Charity number: 1116385** ## **Home-Start Exeter, East and Mid Devon** **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8 - 9| |**Notes to the financial statements**|10 - 23| ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025** ## **Trustees** M Carter, Chair D Herbert W Wills C Farmer J Evans (resigned 30 April 2025) P Crawford ## **Company registered number** 05818942 ## **Charity registered number** 1116385 ## **Registered office** Exmouth Business Centre 14 Hartley Road Exmouth Devon EX8 2SG ## **Accountants** Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Page 1 ## **HOME-START EXETER, EAST AND MID DEVON (A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025** The Trustees present their annual report together with the financial statements of for the year 1 April 2024 to 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. ## **Objectives and activities** ## **a. Policies and objectives** The objects of the charity are: - To safeguard, protect and preserve the good health, both mental and physical of children and parents of children; - To prevent cruelty to or maltreatment of children; - To relieve sickness, poverty and need amongst children and parents of children - To promote the education of the public in better standards of childcare. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Activities undertaken to achieve objectives** - Visiting families in their own homes to offer support, friendship, and practical assistance - Reassuring parents that their childcare problems are not unusual or unique - Encouraging parents' strengths and emotional well-being for the ultimate benefit of their children - Supporting parents to engage with activities and opportunities in their community and reduce social isolation - Organising and leading groups for parents to come together to consider the challenges and pleasures of parenting and to support their mental health and well-being ## **c. Main activities undertaken to further the Charity's purposes for the public benefit** All trustees have read and considered the Charities Commission Guidance on Public Benefit. Home-Start Exeter, East and Mid Devon is managed and funded locally. We are supported by the national organisation, Home-Start UK, which offers advice, training, information and guidance to the Home-Start network to ensure consistent and quality support for parents and children. We tailor our support to each family and their specific needs, and we work with the whole family, providing a package of support, comprised of emotional and practical support, activities with children and help to access services. Page 2 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **Achievements and performance** ## **a. Review of activities** In 2024-5 the number of families supported has continued to increase to 147 families, involving 242 children. 84 families had one to one home visiting support from a volunteer and 63 families attended one of our 3 groups. Mothers in Mind is a mental health support group for women during the perinatal phase, referred by midwives or health visitors and the Family Well Being Group is open to any family with children under 5. We also run an evening group for fathers called 'Dad's Domain'. Families can be referred to us or can refer themselves via our website. 93% of the families we supported with a homevisiting volunteer included a parent impacted by poor mental health and 23% needed help with finances or debt. 19% had experienced domestic violence and 20% had a child with a disability or condition that impacted their health. We trained 10 new volunteers this year and ended the year with 43 volunteers . However, financial pressures and family circumstances meant that 12 volunteers had to step away from their volunteer role . Financially we have been fairly stable and have had a 17% increase in grant income over the year. In addition we were fortunate to be the recipient of £24,423 from a major fund raising event run for us and another local charity at Ladram Bay in February . We continue to be very proud of the difference we make to families. 98% of the families surveyed at the end of their support period with us reported improvements in how they felt since the beginning . We receive many fantastic comments - the two below are typical : 'She was honestly such a positive and helpful person to have visit and our whole family warmed to her immediately. She helped out in some really dark moments when my twins went to hospital etc but on normal days it was so valuable knowing I could get a few things done each week. Thanks a million from a very grateful family who has had a phenomenal experience with our volunteer' 'From the first visit with my volunteer I started to feel more like I wasn't on my own and that I would be able to achieve my goals. My volunteer helped me to see things more clearly, take things one step at a time and helped me to get a better understanding of my son's condition. She was down to earth, caring and friendly and really became part of our family and we really looked forward to our weekly visits' ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **b. Reserves policy** The trustees have assessed the risks involved in the activities of the charity and have agreed the following reserves policy: Retain a sufficient level of net current assets or other readily realisable fixed asset investments to provide a cushion equivalent to three months operating expenditure. At 31st March 2025, the target for reserves was £45,000. The actual general reserves held by the charity at 31st March 2025 were £95,034. This meets the charity's reserves target. Page 3 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **c. Financial overview** During the year, the charity received total income of £231,792 (2024: £180,048) and had total costs of £171,830 (2024: £163,142), giving a surplus of £59,962 (2024 surplus of £16,906). Despite the tough economic climate, the charity has maintained an appropriate level of reserves to allow the charity's activities to continue. At the 31 March 2025, current reserves held were £135,270 (2024: £75,308), of which £40,236 are restricted funds and £95,034 are unrestricted. The calculated reserves to cover 3 months budgeted expenditure for 2025/2026 is £45,000. ## **Structure, governance and management** ## **a. Constitution** Home-Start Exeter, East and Mid Devon is registered as a Charitable Company limited by guarantee and was set up by a Memorandum of Association on 16 May 2006. The registered charity number is 1116385. ## **b. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. ## **c. Financial risk management** The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the 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 that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4 HOME4TART EXETER, EAST AND MID DEVON (A company Ilmited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Approved by order of the members ofthe board of and s*3ned on thelr behalf by.. M Carter Chair of Trusttsa Dat8: Page 5 HOME￿TART EXETER. EAST AND MID DEVON (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examlner's report to the Trustees of Home-start Exeter, East and Mid Devon ('the Charity,) I report lo the charity Trustees on my ex8rnination of the accounts of th8 Charity for the year ended 31 March 2025. Responslbilitles and basls of report As the Trustees of thè Charity (and its dlrectors for the purposes of company law) you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acfl. Having satisfied myself that the accounts ofthe Charity are not required lo be audited under Part le ofthe 2006 Act and are eligible for independent examination. I raport in respect of my examination of the Charity's accounts carried out under sectSon 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed Ihe Direction8 given by the Charlty Commission undèr section 145(5)(b) of the 2011 Act. Independent examlnerfs statement I have Completed my examlnalion. I confimi that no matters have come to my attention In connection wrth the 6xaminatlon givSng me cause to b81ieve'. accounting records werè not kept in respect of the Charity as requlred by saction 386 of the 2006 Act.. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requlrement that the accounts give a 'true and falf view which Is not a rnatter considered as part of an Independ8nt examination. or the accounts have not bèèn prepared in accordanc8 with the methods and prlnciples of the Statem&nt of Recommended Praclice for accounting and reporting by charlties [applicable to charities preparlng Ihelr accounts in accordance wlth the Flnancial Reporting Standard 8ppllcabl8 In the UK and Republlc of Ireland (FRS 10211. I have no concems and have come across no other matters in Gonnection with the examinatlon to which attention 8hould be drawn in this report In ordar to enable a proper understanding of the accounts to be reached, This report is made solely to the Charivs Trustees, as a body. in accordance with Part 4 of the Charlties (Accounts and Reports) Regulations 2008, My work has been undertaken so that I might stale to the Charity's Trustees those matters l am required to state to them in an Independent examine¢s report and for no oth8r purpose. To the fullest ext8nt pemiitted by law, I do not accept or assume responsibility to anyone otrter than the Charity and the Charivs Trustses as a body. for my work or for this report. Signed.. Daled: Zoliolzr FCA Laura Waycott Griffln Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Page 6 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025** |**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**33,877**
**28,000**
**685**
**62,562**
**2,677**
**2,677**
**59,885**
**35,149**
**59,885**
**95,034**|**Restricted**
**funds**
**2025**
**£**
**-**
**169,230**
**-**
**169,230**
**169,153**
**169,153**
**77**
**40,159**
**77**
**40,236**|**Total**
**funds**
**2025**
**£**
**33,877**
**197,230**
**685**
**231,792**
**171,830**
**171,830**
**59,962**
**75,308**
**59,962**
**135,270**|_Total_
_funds_
_2024_
_£_
_22,384_
_157,082_
_582_| |---|---|---|---|---| |||||_180,048_| |||||_163,142_| |||||_163,142_| |||||_16,906_| |||||_58,402_
_16,906_| |||||_75,308_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 10 to 23 form part of these financial statements. Page 7 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee) REGISTERED NUMBER: 05818942** ## **BALANCE SHEET AS AT 31 MARCH 2025** |**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**867**
**137,857**
**138,724**
**(3,739)**|**2025**
**£**
**285**
**285**
**134,985**
**135,270**
**135,270**
**135,270**
**40,236**
**95,034**
**135,270**|_858_
_79,264_
_80,122_
_(5,228)_|_2024_
_£_
_414_| |---|---|---|---|---| |||||_414_
_74,894_| |||||_75,308_| |||||_75,308_| |||||| |||||_75,308_| |||||_40,159_
_35,149_| |||||| |||||_75,308_| Page 8 HOME4TART EXETER, EAST AND MID DEVON (A company limlted by guarantee} BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The Charlty was entided to exemption from audit under Section 477 of the Companias Act 2C(J6. The members have not required the company to obtsin an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledg8 their responsibilities for complying with the requir8ments of the Act with r8spect to accounting records and preparation of financial statements. The financial statements have been prepared In accordance with the provisions applicable to entiti88 subJ8ct to the small companies re9ime. The financial ststem6nts were approved and authorised issue by the and slgned on thelr behalf by.. Trustées on "av cffjr M Carter Chalr of Trustees The nots$ on pagè8 10 to 23 fomi part of these financial slatsments. Page 9 **HOME-START EXETER, EAST AND MID DEVON (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. General information** The charity is a company limited by guarantee, domiciled in England and Wales. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The registered office is Exmouth Business Centre, 14 Hartley Road, Exmouth, Devon, EX8 2SG. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Home-Start Exeter, East and Mid Devon meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 10 **HOME-START EXETER, EAST AND MID DEVON (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.6 Tangible fixed assets and depreciation** Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Office equipment - > 20% Straight-line method ## **2.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.8 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 11 **HOME-START EXETER, EAST AND MID DEVON (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.10 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.11 Pensions** The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## **2.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 12 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2025**
**£**
Donations
33,877
**Total 2025**
33,877
_Unrestricted_
_funds_
_2024_
_£_
Donations
_22,384_|**Total**
**funds**
**2025**
**£**
**33,877**| |---|---| ||**33,877**| ||_Total_
_funds_
_2024_
_£_
_22,384_| ## **4. Income from charitable activities** |**Unrestricted**
**funds**
**2025**
**£**
Grants
28,000
Grants|**Restricted**
**funds**
**2025**
**£**
169,230
_Restricted_
_funds_
_2024_
_£_
_157,082_|**Total**
**funds**
**2025**
**£**
**197,230**| |---|---|---| |||_Total_
_funds_
_2024_
_£_
_157,082_| Page 13 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Investment income** |**Unrestricted**
**funds**
**2025**
**£**
Investment income
685
**Total 2025**
685
_Unrestricted_
_funds_
_2024_
_£_
Investment income
_582_|**Total**
**funds**
**2025**
**£**
**685**| |---|---| ||**685**| ||_Total_
_funds_
_2024_
_£_
_582_| ## **6. Analysis of expenditure by activities** |Family Support
**Total 2025**
Family Support
_Total 2024_|**Activities**
**undertaken**
**directly**
**2025**
**£**
150,865
150,865
_Activities_
_undertaken_
_directly_
_2024_
_£_
_145,054_
_145,054_|**Support**
**costs**
**2025**
**£**
20,965
20,965
_Support_
_costs_
_2024_
_£_
_18,088_
_18,088_|**Total**
**funds**
**2025**
**£**
**171,830**| |---|---|---|---| ||||**171,830**| ||||_Total_
_funds_
_2024_
_£_
_163,142_| ||||_163,142_| Page 14 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Staff costs
Other
**Total 2025**
Staff costs
Other
**Analysis of support costs**
Depreciation
Office costs
Property costs
Legal and professional
Home-Start levy
Other
Governance costs
**Total 2025**|**Family**
**Support**
**2025**
**£**
143,338
7,527
150,865
_Family_
_Support_
_2024_
_£_
_136,398_
_8,656_
_145,054_
**Family**
**Support**
**2025**
**£**
129
5,341
7,615
249
3,678
1,892
2,061
20,965|**Total**
**funds**
**2025**
**£**
**143,338**
**7,527**| |---|---|---| |||**150,865**| |||_Total_
_funds_
_2024_
_£_
_136,398_
_8,656_| |||_145,054_| |||**Total**
**funds**
**2025**
**£**
**129**
**5,341**
**7,615**
**249**
**3,678**
**1,892**
**2,061**| |||**20,965**| Page 15 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs (continued)** |Depreciation
Office costs
Property costs
Legal and professional
Other
Governance costs|_Family_
_Support_
_2024_
_£_
_129_
_4,962_
_8,810_
_130_
_2,159_
_1,898_
_18,088_|_Total_
_funds_
_2024_
_£_
_129_
_4,962_
_8,810_
_130_
_2,159_
_1,898_| |---|---|---| |||_18,088_| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £525 ( _2024_ - _£504_ ). ## **8. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2025**
**£**
**132,198**
**5,960**
**5,180**
**143,338**|_2024_
_£_
_126,113_
_5,448_
_4,837_| |---|---|---| |||| |||_136,398_| The average number of persons employed by the Charity during the year was as follows: |Support workers
Admin and support|**2025**
**No.**
**5**
**1**
**6**|_2024_
_No._
_5_
_1_| |---|---|---| |||| |||_6_| Page 16 ## **HOME-START EXETER, EAST AND MID DEVON** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **8. Staff costs (continued)** No employee received remuneration amounting to more than £60,000 in either year. During the year, remuneration and benefits received by key management personnel was £NIL (2024 - £NIL) as the charity is being managed by the Trustees who received no remuneration. ## **9. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 31 March 2025, expenses totalling £Nil were reimbursed or paid directly to no Trustees (2024 - £40 to 1 Trustee). The expenses related to meeting costs. ## **10. Tangible fixed assets** |**Cost or valuation**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
_At 31 March 2024_|**Office**
**equipment**
**£**
**643**| |---|---| ||**643**| ||**229**
**129**| ||**358**| ||**285**| ||_414_| Page 17 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **11. Debtors** |**Due within one year**
Prepayments and accrued income|**2025**
**£**
**867**
**867**|_2024_
_£_
_858_| |---|---|---| |||| |||_858_| ## **12. Creditors: Amounts falling due within one year** |Other taxation and social security
Accruals and deferred income|**2025**
**£**
**2,339**
**1,400**
**3,739**|_2024_
_£_
_2,378_
_2,850_| |---|---|---| |||| |||_5,228_| Page 18 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **13. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General funds
Friends of Home-Start
**Restricted funds**
Henry Smith Charity
Garfield Weston
National Lottery
Tesco
David Gibbons Foundation
The Clare Milne Trust
Pears Breathing Space
Awards for all NLCF
Cranbrook Town Council
DCC Growing Communities
DCC Locality Budget Grants
Hendy Foundation
RNRMC Grant
Comic Relief
Tesco Stronger Starts
BBC Children in Need
**Total of funds**|**Balance at 1**
**April 2024**
**£**
**33,765**
**1,384**
**35,149**
**9,754**
**-**
**11,191**
**100**
**47**
**1,601**
**2,710**
**12,781**
**1,400**
**462**
**-**
**113**
**-**
**-**
**-**
**-**
**40,159**
**75,308**|**Income**
**£**
**62,407**
**155**
**62,562**
**31,200**
**20,000**
**67,069**
**-**
**3,000**
**5,000**
**1,500**
**14,000**
**-**
**-**
**4,700**
**-**
**1,000**
**2,500**
**1,125**
**18,136**
**169,230**
**231,792**|**Expenditure**
**£**
**(1,138)**
**(1,539)**
**(2,677)**
**(33,858)**
**(20,000)**
**(77,762)**
**(100)**
**(774)**
**(3,434)**
**(4,210)**
**(12,781)**
**(1,400)**
**(462)**
**(4,700)**
**(113)**
**(1,000)**
**(1,248)**
**(127)**
**(7,184)**
**(169,153)**
**(171,830)**|**Balance at**
**31 March**
**2025**
**£**
**95,034**
**-**| |---|---|---|---|---| |||||**95,034**| |||||**7,096**
**-**
**498**
**-**
**2,273**
**3,167**
**-**
**14,000**
**-**
**-**
**-**
**-**
**-**
**1,252**
**998**
**10,952**| |||||**40,236**| |||||**135,270**| Page 19 **HOME-START EXETER, EAST AND MID DEVON (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **13. Statement of funds (continued)** **Friends of Home-Start** :- Regular standing order donations from members of the Friends group to the specific bank account. **Henry Smith Charity:** - This grant funds the running costs of Home-Start Exeter, East and Mid Devon to be able to support vulnerable families for three years. **Garfield Weston:** - This is a grant towards the charity's core running costs. **The National Lottery Community Fund:** - This grant funds the charity running costs to be able to support vulnerable families in Exeter, East and Mid Devon for three years. **Action for Children:-** This grant funds the expansion of our 0-2 mother and baby group, 'Mothers in Mind'. **Tesco:-** This funds a contribution to the salary of staff and volunteer expenses, to provide support for families who are struggling in East and Mid Devon for two years. **The Clare Milne Trust:-** The grant is a contribution to the cost of employing a volunteer coordinator and group worker who will aid the service with supporting adults and children with disabilities and special educational needs. **Devon County Council:** - This locality grant funds our support for families in Cranbrook and Broadclyst areas. **David Gibbons Foundation:-** This grant funds volunteers to provide support to families in East Devon. **HSUK :** - Grant fund supports our groups in Exeter and East Devon. **Pears Breathing Space:-** A grant towards the costs of a Volunteer Coordinator supporting families, recruiting, training and supporting volunteers, and facilitating groups. **Cranbrook Town Council:** - A grant towards the running costs of our two weekly groups held in Cranbrook. **Devon County Council Growing Communities:-** Grant funding to add value to our established work, including home-visiting and group support, and helping families to tackle the current cost of living issues and improving mental health and wellbeing. **Devon County Council Innovation Grants Scheme:-** a grant to provide Home-Start support to families with children and young people with additional needs (SEND). **Hendy Foundation:-** a grant for the purchase of promotional products to raise awareness of our organisation, both to families, potential volunteers and potential donors. **National Grid Community Matters:** - project funding to support our vulnerable low-income families who struggled with fuel/energy costs, and to provide training for our Volunteer Coordinators and Volunteers. **Neighbourly/Sainsburys Grant:** - short project funding to support families with food and nutrition advice, food budgeting, recipes and home cooking, and accessing food banks. **Awards for All (NLCF):-** a grant towards the running costs of our weekly group for Dads. **RNRMC Grant::** - funding for our home-visiting volunteer project, specifically to support Royal Marine families. **Comic Relief: -** A grant towards the salary of a Coordinator. **Tesco Stronger Starts** : - a grant towards supporting families living in East Devon. **BBC Children in Need: -** a grant towards Coordinator salaries and travel expenses for our home-visiting volunteer project and group work. Page 20 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **13. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
General funds
Friends of Home-Start
**Restricted funds**
Henry Smith Charity
Garfield Weston
National Lottery
Action for Children
Tesco
HSUK JLP
David Gibbons Foundation
The Clare Milne Trust
Pears Breathing Space
Awards for all NLCF
Cranbrook Town Council
DCC Growing Communities
DCC Innovation Grant
DCC Locality Budget Grants
Hendy Foundation
National Grid Community
Matters
Neighbourly Sainsburys Grants
NL Community Org Cost of
Living Fund
**Total of funds**|_Balance at_
_1 April 2023_
_£_
_38,948_
_1,179_
_40,127_
_(1,450)_
_7,951_
_3,302_
_213_
_3,417_
_888_
_3,954_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_18,275_
_58,402_|_Income_
_£_
_22,761_
_205_
_22,966_
_30,900_
_-_
_70,117_
_-_
_-_
_-_
_-_
_5,000_
_7,500_
_12,955_
_1,400_
_6,000_
_5,000_
_-_
_500_
_4,475_
_1,500_
_11,735_
_157,082_
_180,048_|_Expenditure_
_£_
_(26,695)_
_-_
_(26,695)_
_(19,696)_
_(7,951)_
_(62,228)_
_(450)_
_(3,317)_
_(950)_
_(3,907)_
_(3,399)_
_(4,790)_
_(174)_
_-_
_(5,538)_
_(5,000)_
_(950)_
_(387)_
_(4,475)_
_(1,500)_
_(11,735)_
_(136,447)_
_(163,142)_|_Transfers_
_in/out_
_£_
_(1,249)_
_-_
_(1,249)_
_-_
_-_
_-_
_237_
_-_
_62_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_950_
_-_
_-_
_-_
_-_
_1,249_
_-_|_Balance at_
_31 March_
_2024_
_£_
_33,765_
_1,384_| |---|---|---|---|---|---| ||||||_35,149_| ||||||_9,754_
_-_
_11,191_
_-_
_100_
_-_
_47_
_1,601_
_2,710_
_12,781_
_1,400_
_462_
_-_
_-_
_113_
_-_
_-_
_-_| ||||||_40,159_| ||||||_75,308_| Page 21 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **14. Summary of funds** ## **Summary of funds - current year** |General funds
Restricted funds|_Balance at_
_1 April 2023_
_£_
_40,127_
_18,275_
_58,402_|**Balance at 1**
**April 2024**
**£**
**35,149**
**40,159**
**75,308**
_Income_
_£_
_22,966_
_157,082_
_180,048_|**Income**
**£**
**62,562**
**169,230**
**231,792**
_Expenditure_
_£_
_(26,695)_
_(136,447)_
_(163,142)_|**Expenditure**
**£**
**(2,677)**
**(169,153)**
**(171,830)**
_Transfers_
_in/out_
_£_
_(1,249)_
_1,249_
_-_|**Balance at**
**31 March**
**2025**
**£**
**95,034**
**40,236**| |---|---|---|---|---|---| ||||||**135,270**| ||||||_Balance at_
_31 March_
_2024_
_£_
_35,149_
_40,159_| |**Summary of funds - prior year**|||||| |General funds
Restricted funds|||||| ||||||_75,308_| Page 22 ## **HOME-START EXETER, EAST AND MID DEVON** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **15. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
285
Current assets
98,488
Creditors due within one year
(3,739)
**Total**
95,034|**Restricted**
**funds**
**2025**
**£**
-
40,236
-
40,236|**Total**
**funds**
**2025**
**£**
**285**
**138,724**
**(3,739)**
**135,270**| |---|---|---| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_414_
_39,963_
_(5,228)_
_35,149_|_Restricted_
_funds_
_2024_
_£_
_-_
_40,159_
_-_
_40,159_|_Total_
_funds_
_2024_
_£_
_414_
_80,122_
_(5,228)_
_75,308_| |---|---|---|---| ## **16. Pension commitments** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £5,180 (2024 - £4,837). Contributions totaling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors. ## **17. Related party transactions** There charity did not enter into any related party transactions during the year. In the previous financial year, the charity paid for services from Ocean Blue Catering totalling £170. There were no amounts outstanding at 31 March 2024. One of the Trustees is a director of Ocean Blue Catering who provided food for a quiz evening. Page 23