REGISTERED COMPANY NUMBER: 05419029 (EnEland and Wales) REGISTERED CHARifi NUMBER: 1120436 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 FOR HOME-START WYRE FOREST
HOME-5TART WIRE FOREST CONTENTS OF THE FINANCIAL STATEMENT TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Reference and Administrative Details Report of the Trustees 2to6 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements IOto25 Detailed Statement of Financial Activities 26
HOME-START WYRE FOREST REFERENCE AND ADMINISTRATIVE DETAILS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 TRUSTEES Mrs 8 Hughes ILife President) Mrs M Weaver Ichairl Mrs L Small (Vice Chairl Mr R Bourne Mr B Price ITreasurer} Mrs J Acton (Retired 28.02.20241 Mr S Guille (Resigned 02.11.20241 Mrs S Morgan Mrs C Borlase (Appointed 19.12.20241 REGISTERED OFFICE MCF Complex 60 New Road Kidderminster Worcestershire DYIO IAQ REGISTERED COMPANY NUMBER 05419029 (England and Wales) REGISTERED CHARITY NUMBER 1120436 INDEPENDENT EXAMINER Lancaster Haskins Limited Granville House 2 Tettenh311 Road Wolverhampton West Midlands WVI 4SB BANKERS National Westminster Bank PIC 24 High Street Kidderminster Worcestershire DYIO 2DL Scottish Widows Bank P O Box 12757 67 Morri50n Street Edinburgh EH3 8YJ
HOME-START WYRE FOREST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30- SEPTEMBER 2024 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30, September 2024. The Trustees have adopted the provisions of 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 IFRS 102} lelfective l January 20191. OBJEcfivES AND ACTIVITIES Aim5 and Objectives Our purposes as set out in the objects contained in the Home-start Wyre Forest Memorandum of Association, applying to the Wyre Forest area and its environs. are to.. safeguard, protert and preserve the good health, both mental and physical, of children and parents of children,. prevent cruelty to or maltreatment of children,. relieve sickness, poverty and need amongst children and parents of children; znd promote the education of the public in better standards of childcare The aims of the Charity are to provide prartical and emotional support to local parents to enable them to identify strategies to cope with their difficulties and improve the outcomes for themselves and their children. Our aims fully reflect the purposes that the Charity was set up to further. Ensuring our work deliver5 our aims We review our aims, objectives 2nd 2Ctivities each year. This review looks at the outcomes of our work in the previous 12 months, the success of each key activity and the benefits they have brought to those groups of people we are set up to help. We have referred to the Charity Commission 8uidance on public benefit when reviewing our aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The focus of our work Our main objectives for the year continued to be the promotion and provision of family support to reduce the risk of family breakdown and to safeguard the most vulnerable children in our community. This included continuing our delivery to parents with children aged O-18 years. The strategies we used to meet these objectives included- Providing a range of support service5 which are reflective of quality standards and address the problem5 arising from the stress of family life and external difficulties for the family unit Working in partnership with other agencies in our community to provide the most effective and appropriate 5UPPOrt ftsr service users How our actlvltles dellver public benefit Our main activities and who we try to help are described below. All our charitable activities focus on the support of families and are undertaken to further our charitable purposes for the public benefit. Who used and benefitted from our Service? Our objectives and funding restrict th.e service we provide to parents or main carer5 of a child under 18 years of age lincluding unborn) who are resident in the Wyre Forest District of Worcestershire. Services are provided free to service users. Our funding lirnits those we can help. th In the period l October 2023 to 30 September 2024, we supported 529 children in 208 families.
HOME-START WYRE FOREST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30- SEPTEMBER 2024 Equal access to our 5ervi¢e is important and our current monitoring reflects a diverse service user group lage. Eender, disability, ethnic background, socio-economic groups) and our open referral routes ensure families can access support directly or through a third party Ireferrerl. This year we have introduced an Equality, Equity, Diversity and Inclusion IEEDII Action Plan to ensure this ethos is reflected across our full service. Home-visiting Family Support Our service runs from a central scheme office, but our core work is delivered in service users, homes all over the district 52 weeks of the year. Staff agree a user-lead focus for support with referred familie5 and introduce a suitable trained volunteer to offersupport. Volunteers offer regular12-3 hours once a weekl home visiting support, friendship and practical help to the family, helping to reduce stress, promote confidence and participation and to prevent family breakdown. The support 15 free to the families, not time limited and confidential, with the exception of child protection concerns. Additional activitie5/minimal sUPPOrt This year we continued to deliver Group services funded by DYIO HBG Big Local until 30th June 2024, when the funding ended. No groups were delivered during the last quarter of this year. Our weekly Family Groups provide somewhere for our families to meet, form friendships and gain support. In addition to providing the standard weekly structured sessions and activities, we enable families to enjoy their time together, feel part of the wider communlty and develop and feel proud of new skills. During 2023124 we supported 40 children and 25 adults through group sessions. We continue to offer a signposting service to those families who, on referral, during or following support, feel they need additional specialist help from other organisations. At Christmas 2023 Mid-counties Co-operative funded and hosted a Christmas Party for 140 of our adults and children to attend. In August 2023 3 private donor funded a day trip to the seaside for 107 adults and children to attend. Reduction of Servl¢e 2024 Our service levels are directed by the level of funding we are able to secure. In 2023124 we were aware we had several large grants ending and despite effort5 to Secure ongoing funding elsewhere, had to consider, plan and put into place a reduced service from August 2024. This resulted in two staff posts being made redundant and a third staff member moving to a new post on less hours than previously. Although we have been able to secure some funds ahead of the new financial year, we are currently working on 32 le55 coordinator hours than the previous five years, which has an irnpact on the numbers of families we can support. While restructuring the service in summer 2024 we also had to close for new referrals for a period of six week5 in JulylAugust 2024. Key achievement5 in the year During this accounting period we have been able to continue the employment of a staff team and to maintain a proportionate delivery of service. We continued to deliver core home visiting and group support (for 9 months of the yearl, plus our Safe & Strong Projert. which supports those who have been unable to acces5 Psychological services elsewhere due to barriers of thresholds, confidence, stigma and trust or the practical barriers of transport, childcare and time.
HOME-START WYRE FOREST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30- SEPTEMBER 2024 During thls accounting period we have achieved.. Continuation of service to opened Home-St3rt families Accepting referrals for families with children 0-18 years Iwith the exception of a six week period) Delivered Group Support for children aged 0-14 ye3rs Continued a Legacy Partnership with Mid-counties Co-operative Delivered 1-2-1 psychology service5 to adults and children in receipt of HSWF support to improve their mental health. We have trained 8 new home visiting volunteers. Operated the Swap Shop project for two months of the year and secured funding for this to restart in 2024, to enable local families to have free good quality children s clothes and equipment. Secured funds to provide families with food and welfare 5UPPOrt during the rise in the cost of living. Delivered a summer trip and Christmas Party for our families to enjoy and create shared memories away from the pressures of home. Secured grant funding for the coming five years to ensure the scheme remain5 operational. srRUCTURE, GOVERNANCE AND MANAGEMENT Home-start Wyre Forest is a registered Charity and was founded in 1995. We became a Company limited by guarantee and transferred 311 assets and liabilities from the unincorporated Charity to the incorporated Charity on I. February 2008. We 3re governed by the Home-start Wyre Forest Memorandum arbd Articles of Association. Recruitment and appointment of Trustee5 The Charity has procedures for the recruitment and appointment of Trustees. The Trustee Board has a wide range of experience both f rom professionals working with children and members with bu5ine55 experience. In addition, there is volunteer representation on the committee. All trustees give their time voluntarily and received no benefits from the Charlty. Any expenses reclaimed from the Charity are set out under Volunteer Expenses in our accounts. Organisational structure Board of trustees Manager Administrator Coordinators Swap Shop Project Worker Volunteers Risk Management All major risks have been identif led and procedures are in place to minimise risks. There is an annual review of the level of funding required to operate the scheme to cover potential financial risks.
HOME-START WYRE FOREST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30Tr1 SEPTEMBER 2024 Financial Review This was always going to be a challenging year as we knew that the contracts with two of our major donors for over four years were due to expire during the year. These were with DYIO and the National Lottery. Income decreased by 6% from E287K to £271K. Expenditure also decreased from £289K to £282K resulting in a deficit of £IIK compared to a deficit of 2K last year. Principal Funding Sources Our major donors were the Big Lottery1£71KI, DYIO Big Local1£40KI, BBC Children in Need1£24KI, National Lottery1£22kl, Garfield Weston1£20kl, Wyre Forest District Council1£15KI and Bailey Thomas1£12kl. Many other donors sUPPOrted us for which we are verygrateful. Unrestricted income was £55K. Resep4es We have a formal Reserves Policy. Home-start Wyre Forest have identified Reserves set at a minimum of three months running costs plus redundancy payments for all current staff. The Board of Trustees meets regularly to review up to date figures and thus exercise control over financial matters. Our current reserve of £IOIK is estimated to cover four months costs plus redundancy and closure payments. Our objective is to maintain this reserve at a level to cover increases in costs. Investment Pollcy Aside from retaining a prudent amount in reserves each year most of the Charity's funds are to be spent in the short term so there is little opportunity for long term investment. Funds required to ensure compliance with the Scheme's Reserves Policy (see previous paragraph) are held in an interest-bearing charity deposit account until so needed. The provider of this account is authorised and regulated by The Financial Conduct Authority. Statement of Trustees Responsibilities The Trustees (who are also directors for the purposes of company lawl are responsible for preparing the Trustees, Annu21 Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including the income and expenditure for that period. In preparing these financial statements the Trustees should follow best practice and are required to: Select suitable accounting policies and then apply them consistentlv. Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent: State whether applicable UK Accounting Standards have been followed,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities.
HOME-START WYRE FOREST REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30- SEPTEMBER 2024 The Trustees are responsible for the maintenance and integrity of the corporate and financial information included in the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdietlons. Independent Financial Examiners Lancaster Haskins Chartered Accountants were re-appointed during the year 35 the charitable company's accountants and have expressed their willingness to continue to do so. This report has been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small companies. Approved by the board of Trustees on 05 March 2025 and signed on their behalf by.. Mrs M Weaver-chair to the Boord ofTrustees
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOME-START WYRE FOREST Independent examlner's report to the Trustees of Home-start Wyre Forest ( the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024, which are set out on pages 8 to 26. th Responsibilities and bosis of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 Ithe '2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145ISllbl of the 2011 Act. Independent exominer's report Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l arn qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in En£land and Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. iii accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or 12} the accounts do not accord with those accounting records,. or 131 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or 141 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no 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 understanding of the accounts to be reached. Christopher Birchell Bsc BFP FCA Lancaster Haskins Limited Granville House 2 Tettenhall Road Wolverhampton West Midlands WVI 4SB 5 March 2025
HOME-START WYRE FOREST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Funds Restricted Funds 2024 Total Funds 2023 Total Funds Notes INCOME & ENDOWMENTS FROM Donations and legacies Charitable Activities Children & parents 45,856 45,856 58,111 215,756 215,756 226,743 Other Trading Activities Investment Income 7,107 1,820 7,107 1.820 1.987 598 Total S4,783 215,756 270,539 287,439 EXPENDITURE ON Charitable activities Children & parents 64,229 217,695 281,924 288.687 NEf INCOME/EXPENDITURE 19,4461 11,9391 111,3851 11,2481 RECONCILIATION OF FUNDS Total funds brought forward 140,577 1,099 141,676 142,924 TOTAL FUNDS CARRIED FORWARD 131,131 {8401 130,291 141,676
HOME-START WYRE FOREST BALANCE SHEET AT 30- SEPTEMBER 2024 Unrestricted Funds Restricted Funds 2024 Total Funds 2023 Total Funds Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Debtors Cash at bank and in hand 13 1.024 131,458 132,482 780 30.700 31,480 1,804 162,158 163,962 1,418 171,462 172,880 CREDITORS Amounts falling due within one year 14 11,3511 132,3201 133,6711 131,2041 NET CURRENT ASSETS 131.131 18401 130,291 141,676 TOTAL ASSETS LESS CURRENT UABILITIES 131.131 18401 130,291 141,676 NET ASSETS 131,131 {8401 130,291 141,676 FUNDS Unrestricted funds Restricted funds 16 131,131 18401 140,577 1,099 TOTAL FUNDS 130,291 141,676 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30, September 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ibl Preparing financial statements which give a true and fair view of the state of affairs of the charitable 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 Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Cornpanies Act 2006 relating to charitable small companies. The financial statements were approved by the Board of Trustees on 05 March 2025 and were signed on its behalf by.. Mrs M Weaver-Tru5tee Mr B Price- Trustee
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 I ACCOUNTING POLICIES BASIS OF PREPARING FINANCIAL sTATEMErs The financial statements of the charitable company, which 15 a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 leffective l January 20191, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companles Act 2006. The financial statements have been prepared under the historical cost convention. The accounts are prepared in sterling, which 15 the functional currency. Monetary amounts in these financial statements are to the nearest £. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it Is probable that the income will be received and the amount can be rneasured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings the have been allocated to activities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life. Fixtures and fittings - 25% on cost TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charEed to the Statement of Financial Activities in the period to which they relate. 10
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 ACCOUNTING POLICIES- continued REDUNDANCY The Charity recognises a liability for termination benefits at the point when the Charity is committed to making the payment in return for the employee redundancy. FINANCIAL INSTRUMENTS The Charity has elected to apply the provisions of Section 11 'Basic Financial instruments, ond Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc Financial Assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Basic Flnanclal Llabilities Basic Financial Liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, dlstounted at a market rate of interest. Debt instruments are subsequently carried an amortised cost, using the effective interest rate method. Basic Financial Liabilities Trade payables are obligations to pay for goods and Services that have been acquired in the ordinary course of the operation5 from suppliers. Accounts payable are classified as Current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade payables are recognised initially at transaction costs. li
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 2. DONATIONS AND LEGACIES 2024 2023 Donations Other Income 45,856 57,920 191 45,856 58,111 3. OTHER TRADING AcfiviTIES 2024 2023 Fundraising events 7,107 1,9S7 4. INVESTMENT INCOME 2024 2023 Deposit account interest 1,820 598 S. INCOME FROM cHARALE EVENTS 2024 2023 Artivity Children & parents Grants 215,756 226,743 12
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 5. INCOME FROM CHARITABLE ACTIVITIES - Continued 2024 2023 Grant5 received, Included in the above, are as follows: Garfield Weston BBC Children in Need WFDC- Covid Support Severn Trent Community Fund The Souter Charitable Fund Cadent Foundation Margaret Westwood HSUK Eveson Trust DYIO HBG Big Local MK Rose Charitable Trust Big Lottery Rowland Trust Bailey Thomas John Lewis Lottery- Cost of Living Fund 20,000 23,500 15,000 15,000 24,914 20,160 2,111 3,000 2,188 1,000 1,250 25,000 50,375 6,000 75,745 3,283 2,500 39,817 70,668 2,000 12,000 4,500 22,488 215,756 226,743 . CHARITABLE ACTIVITIES COSTS Direct costs (See note 71 Totals Children and parents 281,924 288,687 13
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 7. DIRECT COSTS OF CHARITABLE AcrivYriES 2024 2023 Staff salaries Pensions Staff expense5 Staff recruitment Volunteer expenses Volunteer recruitment Volunteer training MCM expenses Printing, postage and stationery Advertising and publicity Telephone Rent Rates Office cleaning Electricity Insurance Fees to Home-start UK Subscriptions ITsupport Family group support AGM expenses General expense5 Staff training costs Prep courses Depreciation Room hire KFG materials KFG refreshments Professional fees Repair5 and maintenance Bank charges Independent examination 178,737 8,464 3.080 168,547 7,317 3,499 1531 4,222 145 3,467 545 38 6,493 99 4,734 3,575 404 169 6,248 112 5,805 3,900 510 3,116 1,906 5,754 35 7,288 18,336 450 6,335 238 257 3,589 1,974 5,894 84 2,004 33,416 603 1,085 574 917 149 7,355 321 2,156 22,948 2,517 154 2,520 6.408 221 1,944 16,725 127 300 2,820 281,924 288,687 14
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 8. INCOMEIIEXPENDITUREI 2024 2023 Net income/{expenditurel is stated after charging/{creditingl: Depreciation- owned assets 149 9. TRUSTEES REMUNERATION AND BENEFITS There was no trustees, remuneration nor other benefits for both the year ended 30 September 2024 and the year ended 30 September 2023. TRusfEES' EXPENSES An amount of £Nil12023 - £Nill was paid to the Trustees for the year ended 30 September 2024. 10. STAFF COSTS 2024 2023 The average monthly number of employees duringthe year was as follows: Staff salaries for the year are as follows: 2024 2023 Manager, secretary and co-ordinators Community Staff IDYIO} Redundancy pav 132,544 41,941 4.252 126,933 41.614 178,737 168,547 15
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted funds Restrirted funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies 58,111 58,111 Charitable activities Children and parents Other trading activities Investment income 226,743 226,743 1,987 598 287,439 1,987 598 60,696 226,743 EXPENDITURE ON Charltable activities Children and parents 53,256 235,431 288,687 INCOME/IEXPENDITURE} (8.6881 11,248} RECONCILATION OF FUNDS Total funds brought forward 133,137 9,787 142,924 TOTAL FUNDS CARRIED FORWARD 140,577 1.099 141,676 16
HOME-START WIRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. TANGIBLE FIXED ASSET5 Flxtures and fittings COST At l October 2023 and 30 September 2024 6.172 DEPRECIATION At l October 2023 and 30 September 2024 6.172 NET BOOK VALUE At 30 September 2024 At 30 September 2023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 1,804 1,418 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expen5e5 and deferred income 33,671 31,204 15. LEASING AGREEMENTS 2024 2023 Minimum lease payments under non-cancellable operating leases fall due as follows.. Within one year Between one and five years 7.748 3,220 5.640 4,875 10,968 10,515 17
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 01.10.23 At 30.09.24 Unrestricted funds General fund Designated fund 1,726 138,851 111,2661 1,820 40,000 140,0001 30,460 100,671 140,577 19,4461 131,131 Restricted funds Garfield Weston BBC Children in Need WFDC- Covid Support The Souter Charitable Fund Cadent Foundation HSUK DYIO HBG Big Local Big Lottery Rowland Trust Bailey Thomas John Lewis Lottery- Cost of Living Fund 3,112 13,1121 233 12331 1,096 1,096 12,8451 599 17761 282 13.6211 881 804 804 1,099 11,9391 18401 TOTAL FUNDS 141,676 111,3851 130,291 18
HOME-5TART WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 16. MOVEMENT IN FUNDS- Continued Incomlng Re50urces Resources expended Movement in funds Net movement in funds, included in the above are as follows: Unrestricted fund5 General fund Designated fund 52,963 1,820 164,2291 111,2661 1,820 54,783 164,2291 19,4461 Restricted funds Garfield Weston BBC Children in Need WFDC- Covid Support The Souter Charitable Trust Cadent Foundation HSUK DYIO HBG Big Local Big Lottery Rowland Trust Bailey Thomas John Lewis Lottery-cost of Living Fund 20,000 23,500 15,000 120,0001 126.6121 115.0001 12331 12,1871 12,5001 140,5931 170.3861 12,0001 112.0001 13,6961 122,4881 13,112} 1233} 1.096 3,283 2,500 39,817 70,668 2,000 12,000 4,500 22.488 17761 282 804 215.756 {217,6951 11.9391 TOTAL MOVEMENT 270,539 1281,9241 111,3851 19
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 16. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 01.10.22 At 30.09.23 Unrestricted funds General fund Designated fund 14,884 118,253 6,842 598 120,0001 20,000 1,726 138,851 133,137 7.440 140,577 Restrlcted funds Garfield Weston BBC Children in Need Bi8 Lottery- Awards For All WFDC- Covid Support Severn Trent Community Fund The Souter Charitable Fund Cadent Foundation M3rEaret Westwood Eveson Trust DYIO HBG Big Local MK Rose Charitable Trust Big Lottery Home-Start- Cost of Living 6rant 1721 2,357 7,714 72 755 17,7141 3,112 12,1111 2,111 233 233 13,6901 5,000 589 845 15,0001 io 12,8451 599 9,787 {8,6881 1,099 TOTAL FUNDS 142,924 11,2481 141,676 20
HOME-START WYRE FOREST NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 16. MOVEMENT IN FUNDS- Contlnued Incomlng Resources Resources expended Movement in lunds Net movement in funds, Included In the above are as follows: Unrestricted funds General Fund Desi8nated Fund 60,098 598 153,2561 6,842 598 60,696 153,2561 7,440 Restricted funds Garfield Weston BBC Children in Need Big Lottery- Awards For All WFDC- Covid Support Severn Trent Community Fund The Souter Charitable Fund Cadent Foundation Margaret Westwood Eveson Trust DYIO HBG Big Local MK Rose Charitable Trust Big Lottery Home-Start- Cost of Living Grant 15.000 24,914 114.928} 124,1591 17,7141 120,160} 72 755 {7,7141 20,160 2,111 3,000 2.188 I,th)o 25.000 50.375 6,000 75.745 1,250 2,111 233 12,7671 12,1881 11,0001 125,0001 149.5301 Iii,oooi 175,7351 11,2501 845 {5,0001 io 226,743 1235,4311 18.6881 TOTAL MOVEMENT 287,439 1288,6871 {1,2481 21
HOME-sfART WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 16. MOVEMENT IN FUNDS- continued At 01.10.22 Net Movement in funds Transfers between funds At 30.09.24 A current year 12 months and prior year 12 months combined posltlon Is as follows: Unrestricted Fund5 General fund Designated fund 14,884 118,253 14,4241 2,418 20,000 120,0001 30,460 100.671 133,137 12,0061 131,131 Restricted Funds Garfield Weston BBC Children in Need Big Lottery-Awards ForAII WFDC- Covid Support Severn Trent Community Fund The Souter Charitable Fund Cadent Foundation Margaret Westwood HSUK Eveson Trust DYIO HBG Big Local MK Rose Charitable Trust Big Lottery Rowland Trust Bailey Thomas John Lewis Lottery- Cost of Living Fund 1721 2,357 7,714 72 12,3571 17,7141 12,1111 2,111 1,096 1,096 13,6901 5,000 589 69 15,0001 292 13,6211 881 804 804 9,787 110,6271 1840} TOTAL FUNDS 142,924 (12,6331 130,291 22
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30" SEPTEMBER 2024 16. MOVEMENT IN FUND5- Continued In¢omlng Resources Resources expended Movement In funds A current year 12 months and prioryear 12 months combined net movement In funds, included in the above are asfollows: Unrestrlcted funds General Fund Designated Fund 113,061 2.418 1117,4851 14,4241 2,418 115,479 1117,4851 12.0061 Restricted funds Garfield Weston BBC Children in Need Big Lottery- Awards For All WFDC- Covid Support Severn Trent Community Fund The Souter Charitable Fund Cadent Foundation Margaret Westwood HSUK Eveson Trust DYIO HBG Big Local MK Rose Charitable Trust Big Lottery Rowland Trust Bailey Thomas John Lewis Lottery- C05t of Living Fund 35,000 48.414 134,9281 150,7711 17,7141 135,1601 72 12,3571 17,7141 35,160 2,111 3,000 5,471 1,000 3,750 25,000 90,192 6,000 146,413 2,000 12,000 4,500 22,488 2,111 13,0001 14,3751 11,0001 13,7501 125,0001 190,1231 Iii,0001 1146,1211 12,0001 112,0001 13,6961 122,4881 1,096 69 15,0001 292 804 442,499 1453,1261 110,6271 TOTAL MOVEMENT 557,978 (570,611) {12,6331 23
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 2024 16. MOVEMENT IN FUNDS- Continued Unrestricted General Fund The policy of the commlttee is to endeavour to increase the value of the General Fund, the general fund is to be used for the day to day running of the charity as the trustees deem appropriate. Deslgnated Fund The purpose of the Designated Fund is to provide for a minimum of three months running costs and redundancy payments should the Scheme have to close because of a failure of funding or for any other rea50n. The scheme established and maintained this Reserve in compliance with a recommendation from Home-start UK. The balance on 30 September 2024 is £100,67112023: £138,851). Restricted Funds Garfleld Weston Grants were received to contribute to the running costs of the photocopier, rent, ond general utllities. The balance on 30 September 2024 is £Nil {2023.. £Nill. BBC Chlldren in Need Grants were received from this Charity to cover part of the Co-ordinators, salary costs. The balance at 30 September 2024 is £Nil12023.. £3,112). Big Lottery Grants were received to cover most of the costs of providing bespoke therapy to adults or children along with family support and to enable the training and development of staff to continue the level of support in the future. The costs include salary costs for the Project Manager, Project Secretary, Project Co-ordinator and sessional psychologists. training and overheads. The balance on 30 September 2024 is £88112023,. £5991. Wyre Forest Dlstrict Council Grant5 (WFDC- Covld Support) Grants were received to support food and welfare costs for families. The balance on 30 September 2024 is £Nil 12023- £Nill. Severn Trent Community Fund Grants were received to part cover staff and costs for our Swap Shop project. The balance on 30 September 2024 is £Nil12023.' £Nill. The Souter Charitable Fund Grants were received to cover volunteer expenses. The balance on 30 September 2024 15 £Nil12023'. £2331. Cadent Grants were received to cover family group costs. The balance on 30 September 2024 is £1,09612023: £Nill. 24
HOME-START WYRE FOREST NOTES TO THE FINANCIAL STATEMENTS TH FOR THE YEAR ENDED 30 SEPTEMBER 2024 16. MOVEMENT IN FUNDS- Continued Home-Start- Cost of Living Grant Grants were received to assist with coverinE the cost of living increases. The balance on 30 September 2024 is £Nil12023: £Nill. Eveson Trust Grants were received to contribute to the core running costs including staff and utilities. The balance on 30 September 2024 15 ENil12023.. £Nill. DYIO HBG Big Local Grants were received to cover the costs of running family groups, volunteer training costs and provide HR services to a community projert, this includes salary costs, room hire, volunteer expenses and other administrative services. The balance on 30 September 2024 is £13,621) {2023: £12,84511. MK Rose Charitable Trust Grants were received to cover our Swap Shop project costs. The balance on 30 September 2024 is £Nil12023'. £Nill. Rowland Trust Grants were received to cover part ofthe cost of purchasing a new ITsystem. The balance on 30 September 2024 is £Nil12023: £Nill. BaileyThomas Grants were received to cover part of the Co-ordinators, salary costs. The balance on 30 September 2024 is £Nil {2023- £Nill. John Lewi5 Grants were received from The Building Happier Futures Fund, part of the John Lewis Partnership Foundation, these contributed to core staff salary costs. The balance on 30 September 2024 is £804 (2023.. £Nill. Lottery- Cost of Living Fund Grants were received to assist with covering staff costs and swap shop project costs. The balance on 30 September 2024 is £Nil12023- £Nill. 17. RELATED PARTY DISCLOSURE There were no related party transactions for the year ended 30 September 2024. 18. LEGAL STATUS The Charity is a company limited by guarantee and has no share capital. 19. INDEPENDENT EXAMINATION The fees for the independent examination for the year ended 30 September 2024 amounted to £2,82012023: £2,520). 25
HOME-START WIRE FOREST DETAILED STATEMENT OF FINANCIAL AcfiviTIES TM FOR THE YEAR ENDED 30 SEPTEMBER 2024 INCOME AND ENDOWMENTS 2024 2023 Donations and legacies Donations Other Income 45,856 57,920 192 45,856 58,111 Other Tradlng Actlvities Fundraising events 7,107 1,987 Investment Income Deposit account interest 1,820 598 Charitable activities Grants Total Incoming Resources 215,756 270.539 226,743 287.439 EXPENDITURE Charitable Artivities Staff salaries Pensions Staff expenses Staff recruitment Volunteer expense5 Volunteer recruitment Volunteer training MCM expenses Printing, postage & stationery Advertising and publicity Telephone Rent Rates Office cleaning Electricity Insurance Fees to Home-start UK Subscriptions IT support Family group support AGM expenses General expenses Staff training costs Prep courses Depreciation Room hire KFG materials KFG refreshments Professional fees Repairs and maintenance Bank charges Independent examination Total resources expended 178.737 8,484 3,080 168,547 7,317 3.499 1531 4,222 145 3,467 545 38 6,493 99 4,734 3,575 404 169 6,248 112 5,805 3,900 510 3,116 1,906 5,754 35 7,288 18,336 450 6,335 238 257 3,589 1,974 5,894 84 2,004 33,416 603 1.085 574 917 149 7,355 321 2,156 22,948 2,517 154 2,520 288,687 6,408 221 1.944 16,725 127 300 2,820 281,924 Net incomel(expenditure} {11,385) 11,248) 26