ME STIRT HOME-START COLCHESTER COMPANY LIMITED BY GUARIlNTEE TRUSTEES REPORT AND FINANCIAL STATEMENTS ST YEAR ENDED 31 MARCH 2024 Charity Number 1116639 Company Number 05706756 CIYéCton Business Services Ltd Chartered Accountants Hurlingham Cbambers 61 Station Road Clacton on Sea Essex C015 ISD
HOME-START COLCHESTER INDEX CONTENTS PAGE Reference and administrative details of the charity, its trustees and advisors Trustees report 24 Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-15
HOME-START COLCHESTER (Limited by Guarantee) Trustees, Annual Report (Incorporating the Director's Report) st For the year ended 31 March 2024 The Trustees of the Charity Kellie Norris (Chairyerson) James Squire (Treasurer) Sheila Brodie (Secretary and Trustee) Graham Clarke (Trustee) Marilyn Martin (Trustee) Patricia Baker (Trustee) Ruth Jackson (Trustee) Charity Registration Number 1116639 Company Registration Number 05706756 Registered office The Ark Jack Andrews Drive Highwood's Colchester Essex C04 9FF Accountants Clacton Business Services Ltd Chartered Accountant Hurlingham Chambers 61 Station Road Clacton on Sea Essex C015 ISD
HOME-START COLCHESTER Trustees, Annual Report For the year ended 31" )1 larch 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Nature of the governing document and constitution of the Charity The Charity is govemed by its Articles of Association, adopted on incotporation. Tbe methods adopted for the recruitment and appointment of new trustees The Charity's constitution states that when complete, the board of trustees will consist of between four and twelve individuals. The current trustees havc actively sought new members through networking and advertising. Trustees are appointed during the year at board meetings and confllined at the annual genernl meeting. One third of trustees retires at each annual general meeting. there is no limit to the number of ternis served by any trustee. OWECTIVES & ACTIVITIES The Articles of Association set out the charitable purposes for the public benefit with the following objectives: To safeguard, protect and preserve the good health. both mental and physical, of children and parents of children To prevent cruelty or maltreatment of children To relieve sickness, poverty and the need amongst children and parents of children To promote the education of the public in better standards if childure. principally but not exclusively within the area of Colch&8ter and its environs. How Home-start meets its aims. This targeted support is based on a theory of changes infiucnced by intervention theory (Sameroff & Fiese 2000) and can be sumniarised as: The well-being of the parents is improvcd in families provided with social support in a structured supervised way This leads to increased feelings of parental self-competence As a result, parental behavRour becotnes more adaptive and child behaviour improves Home-based visiting is essential to tbe Home-start approach, which relies on a more holistic, flexible, non- judgemental and caring approach. The families supported, like the Home-start volunteer ment0, come from a wide range of cducational, cultural and financial backgrounds. "Independent research regarding the Home-start volunteer home visiting model found positive longitudinal finding of Hem]anns et al (2013) who evaluated the support provided by home visiting volunteers. Their findings suggest that improvements in both parental and child outcomes continue 3 years after the support from volunteers ceased"
HOME-START COLCHESTER Trustees, Annual Report For the year ended 315t March 2024 OBJECTIVES & ACTIVITIES Achievements and Performance, summary of the main achievements of the charity during the year 2023- 2024 Summary of Achievements This year bas been a very good year for Home-start CJC. With the success of securing Tudor Trust to cover core work and then matchino the fund with Lottey Community Fund we have gained security for the ckwity for 3 years. Following Covid the needs of families have increased and some services such as distributing small grants for food and essentials have been added to our work. We are also pleased to continue to receive HCRG funds which was once Virgin Care, Lottery Community Funds- Home-start Colchester Jaywick Clacton delivered the Big Lottery Services, Home-start Plus. Delivery of this project has enabled Home-start to continue to expand the age range of cbildren supported and also embed the Home-start reach across to the Harwich Home-start boundary. This has resulted in eliminating a once existing gap in between schemes and services, a gap which bad previously existed for over 25 years. This year we had the exciting news that our grant had been extended resulting in our service having the fiu]ds to respond to the increased need of local families during Covid. Military GralltS- The Army Covenant Grant was newly secured which resulted in the scheme being able to offer a bespoke project to support military local families. Virgin Care( IICRG)- Essex Child and Family Wellbeing Service- Home-start Colchester was pleased to receive a contract in Oct 2017 as a subcontracted service lo work alongside Virgin Care and Bamardos to improve the Wellbeino of local children and Families. Acting as lead provider for Northeast Essex Quadrant, Home-start Colchester are working in close partnership with Hanvich Home-start scheme to deliver outcomes to improve resilience, reduce isolation and improve school readiness. The project has continued to build great partnerships in the community and provide support to local famÈlies and this year the contract was renewed for 3 years. Household fund A government fund that is given and distributed to families for their benefit due to struggles since Covid-19. Start Well A project that received funding for Tendring only to deliver our activilÉes for children. Parents2B A project that support parents to be and new babies. llolidays Fund- Essex Community Fund took over the management of this amazing grant. Allowing Home-siart Colchester the opportunity to offer a much-needed holiday fided by DAPHNE WOODWARD HOME-START
HONqE-START COLCHESTER Trustees, Annual Report For the year ellded 31" March 2024 Treasurers words This year has been the second year of our extended lottery nI. and we have also Continu to receive funding from Virgin Care which proves vital to providing much needed support to familie5. In addition to this income, we secured funds from the Amiy Covenant, allowing us to tailor support specifically for military families in the area. Further income from ECVYS was used to support youths during Covid lock down. All in all this has been a successful financial year for Home-SLqrt CJC. which bas enabled us to pmvide invaluable, bespoke SUPFK)rt to local families. Our Strydtegic Objectives: To ensure that the organisation and its services are sustainable and able to t]ve Based on local voices. we will continue to develop our services to meet the needs of local parents and their children. Reach out to our communities and partners to increase our local profile and show that Home Start Colchester makes a difference We value, quality and will continue to invest in both quality standards and upskilling both staff and voluntecrs
HOME-START COLCHESTER Trustees, Annual Report For the year ended 315t March 2024 FINANCIAL REVIEW Policy on reserves The charity's reserves are retained in a genernl unrcstricted fimd. Small Company Provision This report have been prepared in accordance with the provisions applicable to companies entÉtles to the small companies, exemption. TRUSTEES, RESPONSIBILITIES Under the charities Act 2011, the Trustees (who are also the directo of the company for the purposes of company law) are required to prepare statement of accounts for each financial year which gives a true and fair view of the state of affairs of the Charity at the end of the flllancial year and of the incoming resources and application of resources in the year. In preparing the statement, the Tnjstees are required to: Select suitable accounting policies and apply them consistently. Make judgements and estiTnates that are reasonable and prndent; State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material dq)artures disclosed and explained in the statements of accounts. Prepare financial statements on the going concern basis unless it is inappropriate presume that the Charity will continue its operations. The Trustees are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the Charity at that time and to enable the Trustees to ensure that any statement of account prepared by them complies with the regulations under the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on.................................................................... Signed on their behalf by Kellie Norris - Trustee & Chairperson
HOME-START COLCHESTER Independent Examiner's Report to the Trustees For the year ended 31st March 2024 I have examined the accounts of Home-start Colchester for the year ended 31" March 2024 which are set out on pages6toll. Respective responsibilities of trustees and examiner The charity's truslees are responsible for the preparation of the accounts. The ChIty's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needcd It is my responsibility to". Examine the accounts under section 145 of the 201 l Act. To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL and To state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out Èn accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented by those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present 'a true and fair view, and the report is Kimited to ihose matlers set out in the slatement below. Independent examiner's statement In connection with my examination, no matter has come to my attentio ( l ) which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with S130 of the 20 I l Act. and To prepare accounts which accord with the accounting records and comply with the accounting requireTnents of the 2011 Act have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Clacton Business Services Ltd Chartered Accountants Date
HOlE-sTART COLCHESTER Statement of Financial ActiTrities For the year ended 31$t March 2024 Unrestricted Funds 2024 Restricted Fund5 2024 Total Funds Total Funds 2024 2023 INCOMING RESOURCES Voluntary Income Grants Received: ECC FIF - Coaching & Mentoring Holiday Fund Big Lottery Fund NHS NE Essex Parents 2B Virgin Care Colchester County Council Magic Little Recipe 4 Health Arniy Central Hyperlocal Banardos Home Start UK ECYVS Tudor Trust CVST Start Well Home-start Suffolk Family Navigator Essex Community Fund (Time 4 You) Anned Forces 793 793 34,824 30,000 40,333 1,000 3,080 86,306 18,000 33,000 34,824 30.000 40,333 1,000 500 10,000 7,500 8,933 5.000 6,000 8,933 5.000 6,000 4,500 45,000 25,000 45,000 25,000 42,000 12,000 Miscellaneous Donations Household 7 % 12,528 7.125 12,528 7,125 10,350 4,200 Investment Income Interest Received 1,983 1,983 246 Total Income 22,429 196.090 218,519 231,682
HOME-START COLCHESTER Statement of Financial ActiTrities For the ycar ended 31st larch 2024 Unrestricted Restricted Funds 2024 Funds 2024 Total Funds Totrdl Funds 2024 2023 Note RESOURCES EXPENDED Charitable Activities Project Costs Clawback ECC FIF Premises Communication and IT General office Advertising Traveling Costs of trustee meetings Accountancy Legal & professional Training Subscriptions Insurance Sundry expenses Finance costs HMRC Interest Depreciation 3.202 141,371 144,573 172,108 11,500 6,012 2.612 2,359 4,769 11,500 6,012 2,612 2,359 4,769 13,285 6.903 3,977 965 4,120 2,211 3,473 147 238 1,195 1,146 2,211 3,473 147 238 1,195 2,414 138 292 771 2,160 3,687 2,994 113 1,077 498 120 152 1,018 1,268 138 292 760 Total Expenses 4,911 177,793 182,704 213,177 Net Income l (Deficit) for the Year Funds brought forivard Trau5fer between funds 17,518 151,834 18,297 52,406 35,815 204,240 18,505 185,735 Total Funds carried forward 169J52 70,703 240,055 204,240 The notes on page 10 to 15 fomi part of these financial statements.
HOME-START COLCHESTER Statement of Financial Position For the year ended 31st March 2024 2024 2023 Note FIXED ASSETS Tangible assels 2,282 3.053 CURRENT ASSETS Accrued Income Cash at bank and in hand Debtor 10 269.892 265.680 CREDITORS: Amounts falling due Within one year 11 32,119 64,493 NET CURRENT ASSETS 237.773 201,187 TOTAL ASSETS LESS CURRENT LIABILITIES 240,055 204,240 CHARITY FUNDS Unrestricted fimds - general Restricted funds 12 13 169,352 70,703 151,834 52,406 240,055 204,240 For the year ending 31" March 2024 the cljarity was entiil&s to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustee's responsibilities: The Members have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476. The Trustees acknowledge their r&sponsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the fll]ancial statements. These financial statements have been prepared in accordance with the provisions applicable to company's subject to the small companies. regime. Approved by the Truste&s on 3010112025 and signed on their behalf by Kellie Norris Trustee & Cbai4)erson The notes on pages 10 to 15 forni part of these fll)ancial statements.
HOME-START COLCHESTER Notes to the Financial Statements For the year ended 31st March 2024 GENEIL4L INFORNIATION The Charity is a private company limited by guarantee, registered in England and Wales. The charity is also a registered charity in England and Wales. The address of the registered office is 2 Thomas Court, East Street, Colchester, Essex, CO12JR STATEMENf OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the statement of Recommended Practice applicable to charities in the UK and Rq)ublic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the charities act 2011. ACCOUNTIC POLICIES Basis of Perpetration The charity is entirely dependent on continuing grant aid and as a consequence the use of the going concern basis for drawing up the financial statements is also dependant on the continuing grant aid. Going Concern There are no material uncertainties about the cl)arity's ability to continue. Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statement requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of fuiure events that are believed to be reasonable under the circumstances. Funds Unrestricted funds are donations and other income received or generated for the objects of the charity without ELh¢r specified purposes and is available as general funds. Designated funds comprise unrestricted fund that have been set aside by the Trustees for particular purposes. The aim and use of each designated fid is set out in the notes to the financial statements. Restricted funds are funds whÈch have to be used in accordancc with specific restrictions imposed by donors which have been raised by the cl]arity for particular purposes. 10
HOME-START COLCHESTER Notes to the Finallcial Statements For the year ended 31$1 March 2024 ACCOUNTIC POLICIES (continued) Incoming Resources All Incoming resources are included in the siatement of flliancial activities when entitlement has passd to the charity. it is probably that the economic benefils associated with the transaction will flow to the chaTity and the amount can be reliably measures. The following specific policies are applied to particular catcgorics of income. Income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established Incorne from donated go(xls is measured at the fair value of ihe goods unless this is impractical to measure reliably, kn which case the value is derived from the cost to the donor or the estimated value. Donated facilities and seryices are recognised in the accounts when received if the value can reliably be measured. No amounts are included for the conlribulion of general volunteers. Income from contracts for the supply of services is rQgnised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlractual requirement for it to be spent on a particular purpose and returned if unspellt, in which case it may be regarded as restricted. Resources Expended Expenditure related to the activities of the charity and the costs of the cmployecs and volunteers delivering the charity's services are included within charitable activiti&8. Governance Costs include all other operating and management costs incurred. Tangible Assets Tangible assets are initially recorded at cost. and subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al re-valued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment loss. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other recognised gains and loss, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of flllancial activiti&s. A decrease in the carrying amount of an asset as a result of a revaluation is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and loss&s on the statement of fu)an¢ial activities. Depreciation Depreciation is calculated so as to write off the cost of an a&set, less its estlmated residual value, over the useful economic life of the asset as follows: Equlpment - 2511/0 Straight Line
HOME-START COLCHESTER Notes to the Financiydl Statements For the )'ear ended 31" Illarch 2024 Limited by GuArantee The Charity was incoTEX)rated on 13 February 2(K)6 and is limited by guarantee, each member having undertaken to contribute such amounts no exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are currently 4 members of ihe company. NET INCOME Net income is stated after charginyJ(crediting) 2024 2023 Depreciation 771 1,018 IIYDEPENDENT EXAMINATION FEES 2024 2023 Fees payable lo the independent examiner for. Indq)endent examination of the financial statements 1,080 J,080 STAFF COSTS Included in the Project costs for the year are staff costs totallmg £125,6 19. The total staff costs and employee benefit5 for the reporting period are analysed as follows 2024 2023 Wages and salaries Social securily costs Employer contributions to pension plans 119,733 3,766 2,120 135,747 4,572 2,055 125,619 142,274 The average amount of employees during the year was 7 (2023: 8) No Employee rwxived employee benefits of more than £60,0(K) during the year (2023: Nil) TRUSTEE REMUNERATION AND EXPENSES No remuneration or any other benefits from employment with thc charity or a related entity were received by the trustees. 12
HOIIIE-START COLCHESTER Notes to tbe Financial Statements For the year ended 31st March 2024 TAI¥GIBLE FED ASSETS Equipment Total Cost at I" April 2023 17,268 17,268 Additions Cost at 31" March 2024 17,268 17,268 Depreciation at I" April 2023 14,215 14,215 Charge for the year 771 771 Depreciation at 31" March 2024 14,215 14,215 Net book value at 31" March 2024 2,282 2,282 Net book value al I" April 2023 3,053 3,053 10. ACCRUED INCOME 2024 2023 Accrued Income agreed in contrdct and received after the year end 11. CREDTORS 2024 2023 Accruals Creditors PAYE 1.080 20,277 7,137 625 3,000 1,080 5,057 3,579 1,444 53,333 Pension Prepaid Income 32,119 64,493 13
HOME-START COLCHESTER Notes to the Financial Statements st For the year ended 31 March 2024 12. ANALYSIS OF UNRESTRICTED FUNDS Brought Incoming Resources Forward resources expended Transfers inl(out) Carried forward General Funds Linda Steers Fund 139,322 12,512 22,429 4,911 156,840 12,512 Total 151,834 22,429 4,911 169,352 13. ANALYSIS OF RESTRICTED FUNDS Brought Incoming Resources Forward resources expended Transfers inl(out) Carried fonvard ECC FIF Coaching Holiday Fund Big Lottery Fund Comic Relief Virgin Care UK Heart Research Shine Bright Arniy Central Grant Tavistoke Lottery Covid Home-start UK ECYVS ECC Warn] & Safe Brighter Days Essex Com Fund (Time 4 You) ECC Household Fund & Salary Amied Forces Parent 2B Magic Little Grants CVST Start Well Colchester County Council Hyperlocal Fund Banardos Tudor Trust Rotary 33 24 18,893 135 10.324 34,824 35,517 34 28,203 18,200 loi 22,454 40,333 2255 2,255 (516) 12,421 (110) 544 13,755 (1,060) 4.666 (110) 6,000 7.008 823 445 695 6.945 63 823 445 10,981 30.000 19,714 25,000 1,000 8,933 5,000 45,0(X) 13,925 1,031 4,514 5,935 47,583 84 11,075 (31) 4,419 (935) (2,583) (84) Total 52,406 196,090 177,793 70,703 14
HOME-START COLCHESTER Notes to the Financial Statements For the year ended 315t March 2024 14. ANALYSIS OF NET ASSETS BETWEEN RESTRICTED FUNDS Tangible Fixed Assets Net CUent Assets Total Funds ECC FIF Virgin Care Big Lottery Fund Comic Relief Lottery Covid Parent 2 B ECYVS Detached Working Shine Bright Home Start UK ECC Household Fund Essex Community Fund (Time 4 You) Anned Forces CVST Start Well Colchester County Council Hyperlocal Fund Banardos Tudor Trust Rotary 24 24 22.454 18,200 101 (1,060) 10,981 (iio) 2,255 4.666 823 63 445 11,075 (31) 4,419 (935) (2,583) (84) 22.454 17,695 505 101 1.631 (2,691) 10,981 (110) 2,255 4,666 823 63 445 11,075 (31) 4,419 (935) (2,583} (84) Total 2,261 68,442 70,703 15. PURPOSE OF RESTRICTED FUNDS Big Lottery Fund - Home-start Plus, expanding our service in South Tendring and age range to I l years Virgin Care ( HCRG)- Child and Family Wellbeing Service Start Well- Children's pop up groups in Tenthing Tudor Trust- Core funds Parents2B- Providing maternity peer support Time4 You- Counselling service Play and Learn funded by Barnardos- School readiness Sbine Bright- Additional baby groups 16