HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED (A company limited by Euardntee) TRUSTEES REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31, MARCH 2024 CHARITY NUMBER: 1122603 COMPANY NUMBER: 6263702 CHARITY COMMISSION FIRST CONTACT 2 DEC 2024 ACCOUNTS RECEIVED
HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31"MARCH 2024 CONTENTS Legal & Administrative Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statement
HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Directors: Mrs S.L.Rice {Trustee) Mr D M East (Trustee) Mrs C Carter-james (Trustee) Mrs L Wiltshire (Trusteel Mr Dilip Pujara {Trustee) Mrs Sue Grant (Trustee- Appointed May 231 Mrs Emma-jane Daly (Trustee- Appointed September 23) Secretary: Mrs W Murtagh (appointed 18 May 20221 Principal place of business Enterprise House 656 Chester Road Erdington Birmingham B23 STE Registered Office: Enterprise House 656 Chester Road Erdington Birmingham B23 STE Company Registered Number: 6263702 Charity Number 1122603 Bankers: HSBC Bank plc 56 High Street, Birmingham B23 6RT
HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31"MARCH 2024 The Trustees present their report and the financial statements forthe yearended 31 March 2024. The trustees have adopted the provisions of the statement of Recommended Practice {SORPI "Accounting and Reporting by Charities in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and complywith the charity'SEoverning document, the Charities Act 2011 and Accounting and Reporknng 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 published in October 2019. Trustees of the charity The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year can be found on the legal and administrative information page. OBJECTIVES AN D ACTIVITIES Policie5 and Objectives In settTng objectives and planning for acttvities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and in parttcular to its supplementary public benefit guidance. Principal activities The charity's principal objective is to safeguard, protect and preserve the good health, both mental and physical of children and parents within the Stockland Green, Erdington, Aston and Lozells districts of Birmingham. St is governed by Memorandum & Articles of Association adopted on incorporation. Achievements Home Start Birmingham North & Inner City was established in 1989 and 35 years on, it feels as though parents and children need our support more than ever. The world is so difficult for familie5 right now and all charities are feeling the strain of increased demand for their work. The organisation's staff and volunteers have shown outstanding resilience and dedication to the organisations aims/objectives and supporting parents and connecting communitie5 in extremely difficult times.
FINANCIAL REVIEW & RESERVES POLICY Income receipts totalled £303,612 12023/24)- as compared to £254,298 in 2022123 and £197,137 in 2021122. Of this £179,778 was 'unrestricted' in nature in 2023/24compared to £135,5143 in year {2022123) and £103.351 in12021/22}. Expenditure in the year totalled £240,27912023/24) of which £118,097 restricted, compared to £230,780 {2022/231 of which £117,063 was restricted and £228,09412021/22) of which £89,778 was restricted. In 12022/241 overall income exceeded expenditure by £63,333 12022123) expenditure exceeded income by £23,509 and (2021/22) income exceeded expenditure by £30,957. The total funds carried forward as at the financial year end 2022/23 are £146,704131.03.2023 £83,372131.03.2022 £59,096). The company continued to set aside £500 per month during the year by way of transfer to a separate bank account to be utilised in the event of closure of the scheme. This account has a balance of £40,261.02 on 31 March 2024 {31.03.2023 £42,865) which may not be sufficient to cover potential closure costs (mainly staff related not7ce & redundancy costs} should that event take place although during the year there were staff changes including a senior long standing employee leaving. The level of monthly transfer has continued at that rate after year end. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a charitable company limited by guarantee and was incorporated on 30th May 2007 and commenced operations on 1st April 2008. In the event of the charitable company being wound up, the liability of the members is limited to £1. Method of appointment or electFon of Trustees. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. This report was approved by the Trustees on 19 November 2024 and signed on its behalf by Mrs L Wiltshire Director
A COMPANY LIMITED BY GUARANTEE Independent Examiner'5 Report to the Trustees of Home-5tart Bimiingham North & Inner City. I report to the charity trustees on my examination of the accounts of the company for the year ended 31" March 2024 which are set out on pages 5 to 17. Responsibilities and basis of report As the charity trustees of the company {and also its directors forthe purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act')- In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515){b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination Eiving me cause to believe that In any material respect- accounting record5 were not kept in respect of the company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records- or 3. 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 4. 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. I have no concerns and have come across no other matters in connecLion 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. Sally Bateman 79 Witherford Way, Selly Oak, Birmingham B29 4AN
HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCLUDING INCOME AND EXPENDtruRE ACCOUNT 5T Notes Unrestricted Restricted Total Total Funds Funds Funds 2024 Funds 2023 Incoming Resources Incoming resources from generated funds Voluntary income Investment income 20,877 20,877 714 552 194 714 Incoming resources from charitable Activities 158,186 123,835 282,021 253,443 Total Incoming Resources 179,063 124,549 303,612 254,289 Resources Expended Cost of generating funds-fundraising 1,898 1,000 2,898 6,854 Charitable activities 120,284 117,097 237,381 223,926 Governance costs Total Resources Expended 122,182 118,097 240,279 230,780 Net incoming resources/{re50urces expended) 57,595 5,738 63,333 23,510 Transfer between funds 1,500 (1.5001 Community Account Net Expenditure Total funds brought forward 10,272 73.100 83,372 83.372 TOTAL FUNDS CARRIED FORWARD 69,367 77,338 146,705 83,372
HOME-START BIRMINGHAM NORTH AND INNER CITI LIMSTED The notes on pages 7 to 17 form part of these financial statements. BALANCE SHETh FOR THE YEAR ENDED 31"MARCH 2024 Note5 2024 2023 Fixed Assets 3,725 Current Assets Cash at bank and in hand 146,705 83.372 146,705 83,372 Creditors: Due within one year Net current assets 146,705 83,372 Net assets 83,372 Funds Unrestricted funds Restricted funds io li 69,367 77,338 10,272 73,100 Total Charity funds 146,705 83,372 For the year ended 31st March 2024the company was entitled to exemption from audit under secLion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year in questton in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of financial statements. These accounts are prepared in accordance with the provisions applicable to the small companies, regime.
th These financial statements were approved and authorised for issue by the Board on 19 November 2024 and signed on its behalf by M rs L Wiltshire Director Registration number 6263702 The notes on pages 7 to 17 form an integrdl part of these financial statements. ACCOUNTING POLICIES Home-start Birmingham North and Innercity Limited is a charity registered in England & Wales and a private company limited by guarantee. The company's registered office is given in the legal and administrative information page. The principal activity of the company is to help families with young children deal with the challenges they face. We support parents as they learn to cope, improve their confidence and build better lives fortheir children. The charity constitutes a public benefit entity as defined by FRS 102. The financial Statements have been prepared in accordance with Accounting and Reporknng by Charitie5: Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), •the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterlinE and rounded to the nearest El. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. COM PANY STATUS The charity 15 a company limited byguarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authori5ing these financial Statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
INCOMING RESOURCES All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
INCOME FROM INVESTMENTS 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 Bank. RESOURCES EXPENDED All expenditure is accounted for on an accruals basis. TANGIBLE FIXED ASSETS Individual fixed assets costing £250 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Asset Category Computer equipment Depreciation Over 3 years Straight Line CASH AT BANKAND IN HAND Cash at bank and cash 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. CREDITORS AND PROVISIONS Creditor5 and provisions are recognised where the charity has a present obligation resulting from a pa51 event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. TAXATION The charity is an exempt charity with the meaning of schedule 3 of the Charities Act 2011 and is considered to pass tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. FUND ACCOUNTING Unrestrirted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be sole5y used for partTcular areas of the charity's work or for specific artistic projects being undertaken by the Trust.
ANALYSIS OF INCOMING RESOURCES Unrestricted Restricted Total Total Funds Funds 2024 2023 20,877 Donations Interest received 20,877 552 194 714 714 -t<iW Grants received 123,835 282,021. 253,544 179.063 124,549 303,612 254,290 ANALYSIS OF RESOURCES EXPENDED Staff Overheads Total 2024 Total 2023 Cost of generating funds- Fundra ising 2,898 2,898 6,854 Charita ble activities (note 41 190,278 47,103 237,381 223,926 Governance costs (note 5) 184,416 55,863 240,279 230,780 4.ANALYS15 OF EXPENDITURE ON CHARSTABLE ACTITIVITES Unrestricted Restricted Total Total Funds Funds 2024 2023 Salaries & National Insurance, Pension 93,160 97,118 190,278 173,087 Travelling & Other Expenses Volunteer expenses Subscription to Home-start UK Subscription5nraining Therapy & counselling fees Telephone 1,020 451 4,785 770 1.677 3,148 451 4,785 1,520 1,376 3,649 2,479 315 4,480 750 1,376 1,725 5,088 5,350 1,924
Insurance Sundry expenses/Office Costslother Rent and venue hire Book-keeping and payroll Family Group Expenses 122,182 118,096 978 4,796 7,416 978 11,708 18,086 2,330 2,420 1,142 12,249 17,613 2,053 6,912 10,670 2,330 160 223,856 2,260 240,278 HOME-START BIRMINGHAM NORTH AND INNER CITY LSMITED 5.GOVERNANCE COSTS Unrestricted Restricted Total Total Funds Funds 2024 2023 Independent examiner's fee 500 500 500 500 6. Fixed Asst Nil CREDITORS- amounts falling due within one year 2024 2023 Taxation and social security Accruals and deferred income Nil Nil HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED STAFF COSTS No remuneration was paid to trustees in the year nor were any expenses reimbursed to them. The staff costs of the remaining staff were: 2024 2023 Salaries and social security costs 184,416 5,682 167,281 Pension contributions 5,806 190.278 173,087
There were no employees who recetved total employment benefits of more than E60,000 per year. The average weekly number of staff employed by the charity during the year was as follows: _ 2024 2023 Direct Charitable work io io TRuEE5 AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES The trustees neither received nor waived any remuneration during the year. The trustees did not have any expenses reimbursed during the year. 10.UNRESTRICTED FUNDS 2024 2023 At I" April 2023 Surplus/(Deficitl for year 10,272 59,095 53,052 Community Account Net Expenditure Transfer from/lto) Restricted Funds (6,0001 {6,000) at 31st March 2024 63,367 47,052
HOME-START BIRMINGHAM NORTH AND INNER CITY LIMITED 11. RESTRICTED FUNDS 2023 2024 2024 2024 balance c/f Balance 01/0412023 £42,780 income spend Henry Smith Charity NationalLottery Welland Trust Awards for All Sir Bernard & Lady Schreider Foundation The Grimmitt Trust 5,733 11,121 13,465 Nil 35,0(K) 55,000 20,275 9,060 3,000 1,500 35,001 60,714 20,395 2,110 1,000 376 5,732 5,407 13,345 6,950 2,000 1,124 Totals 30,319 123,835 119,596 34.558 Balance 31/03/24 £77,338