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← Home-Start Chichester & District

2024-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

HOME START CHICHESTER & DISTRICT

CHARITY REGISTRATION No: 1123768 COMPANY REGISTRATION No: 6552088

Delling Lane

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre

Bosham

West Sussex

PO18 8NF

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Pages 2 to 7 Trustees Annual Report
Page 8 Statement of Financial Activities
Page 9 Balance Sheet
Pages 10 to 18 Notes to the Financial Statements
Page 19 Independent Examiners Report

1

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1123768 COMPANY REGISTRATION NUMBER 6552088 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 REGISTERED ADDRESS Chichester Nursery School St James Road Chichester West Sussex PO19 7AB DATE OF INCORPORATION 1st April 2008 GOVERNING DOCUMENT Memorandum and Articles of Association BANKERS CAF Bank Plc 25 Kings Hill Avenue West Malling Kent ME19 4JQ INDEPENDENT EXAMINER Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

OBJECTS

a) to safeguard, protect and preserve the good health, both mental and physical of children and parents of children. b) to prevent cruelty to or maltreatment of children. c) to relieve sickness, poverty and need amongst children and parents of children. d) to promote the education of the public in better standards of child care within the area of Chichester & district and its environs.

2

HOME START CHICHESTER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Trustees Report

The Directors present their report and accounts for the company for the year ending 31 March 2024.

Home-Start Chichester and District is governed by its Board of Trustees and the charitable company's directors. They are responsible for ensuring the charity’s aims are delivered effectively and sustainably, based on the principles underpinning the Charity Governance Code and the Standards and Methods of Practice set out in our Agreement with Home-Start UK.

The Board provides strategic leadership in line with the charity’s aims to ensure effective delegation, control, risk assessment and management systems. Trustees work as a team in partnership with the staff. They use their skills, experience, and knowledge to inform strategic and operational planning decisions and monitor service delivery following Home-Start UK’s stringent Quality Assurance requirements.

The Board meets regularly, reports to donors, and uses feedback from stakeholders, referrers, and beneficiaries to assess and improve the effectiveness of the service provided.

The charity aims to safeguard, protect, and preserve the mental and physical health of children and their parents, to prevent cruelty and maltreatment of children, to relieve sickness, poverty, and need, and to promote public awareness of better standards of childcare within Chichester and District.

The board of trustees remained the same throughout the year and was re-elected at the AGM held on 14 November 2023. The AGM was well attended by HSCD staff, trustees, and volunteers. In addition, many of our funders, local statutory agencies, and partner charities and businesses were represented at the meeting. Two families that HSCD had supported attended and spoke at the conference about the support they received and its significant impact on their lives and experiences of raising their children.

Achievements and Performance

Family Support

2023/24 has seen HSCD continue to grow and provide an increased level of support to a more significant number of families. The demand for HSCD’s support continues to grow because of raised thresholds for statutory agencies to provide support. This leads to more families being referred to HSCD, often with more complex needs.

The charity was able to provide the following support:

Support was provided in the following ways:

3

HOME START CHICHESTER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Referrals continue to come from mainstream statutory partners:

Support was provided to families from across the Chichester District, which has a population of over 124,000 and covers an area of 303 square miles:

Support needs and outcomes

With the continuing cost of living crisis and the continuing reduction in core services at the County and District level, we have seen a rise in need surrounding isolation, anxiety, and mental health. This trend has continued its post-pandemic rise:

The success of our support is gauged by 14 questions rated with a coping score during the initial and review visits.

4

HOME START CHICHESTER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Staff and volunteers

Home-Start Chichester & District delivers services with a robust and efficient team structure where staff are encouraged and supported to undertake additional training. The staff team comprises a manager with four family and volunteer coordinators and a business development coordinator.

The increase from 3 to 4 family coordinators during the year reflects the increase in families supported and, notably, the increased service provision in the Witterings made possible by the F Glenister Woodger Trust funding.

During this period, we had 34 active volunteers:

We continue offering volunteers additional support and training opportunities as outlined in the previous section.

Service delivery

Home-Start Chichester and District started 2023/24 with an increased budget to expand the service. Careful financial management has resulted in the budget being met, and the year ending with HomeStart Chichester and District maintaining its target level of reserves (6 to 9 months of running costs).

Our funders continue to be supportive, allowing the charity to grow to meet the area's needs. We continue to partner with local statutory, community and charitable organisations:

The work undertaken to transfer our database to a computer-based CRM system, CharityLog, has enabled us to record and analyse data efficiently to ensure we continue to meet the district's needs.

Financial support

The trustees are extremely grateful to all our donors, especially those who regularly support us. The Financial Statements for 2023/24 gives a list of donors. Their support is crucial to the achievement of our charitable aims.

5

HOME START CHICHESTER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Investment Policy

The charity keeps any surplus funds in the deposit accounts of its bankers, CAF Bank Ltd.

Risk review

In line with Home-Start UK’s guidance, Home-Start Chichester and District have identified the significant risks that are likely to recur and could severely impact the charity. These are risks associated with:

In each case, the Board has considered the likelihood of occurrence, the impact, and what measures to take to minimise the risk of its reoccurrence and effect. Risks are reviewed on an ongoing basis.

Financial Review and Reserves Policy

The financial year ending 31[st] March 2024 was the most successful in terms of funding received with £277,041 banked.

Reserves levels increased from an opening balance of £162,931 to a closing balance of £228,464. £135,229 of which were unrestricted.

A Reserves Policy was adopted in 2012 and forms part of the charity’s annually reviewed Financial Management Policy. Considering the difficulties of establishing statutory and other agreed funding in the present economic climate, the charity held reserves to fund a reliable and consistent service.

The minimum level of reserves is six months of running costs, but the charity targets nine months of running costs.

Home-Start Chichester and District has set an expenditure budget for the 2024-25 financial year of £250,458.

Therefore, the charity holds unrestricted funds equivalent to 6.5 months of budgeted running costs at the Balance Sheet date. This increases to approximately 10.9 month s if all reserves are considered.

Future Plans

HSCD has significantly expanded during 2022/23 and 2023/24. Some of this expansion is due to an increased need for support. In addition, HSCD has embarked on a three-year project to expand services in the West Manhood area of the district with the funding provided by the Woodger Trust.

Much of the plan for 2024/25 focuses on consolidating this expansion and continuing to focus on the recruitment and training of volunteers required for the increased support.

In addition, there are specific projects to be undertaken. These include: -

6

HOME START CHICHESTER AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Statement of Directors’ Responsibilities

The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year, which give an accurate and fair view of the charity's situation at the end of the financial year and of the surplus or deficit of the charity. In preparing these financial statements, the Board is required to:

The Trustees are responsible for maintaining adequate accounting records that disclose the charity's financial position with reasonable accuracy at all times, are sufficient to show and explain the charity’s transactions, and enable them to ensure that the financial statements comply with the Companies Act 2006 and regulations made under the Charities Act.

They are also responsible for safeguarding the charity's assets and, hence, for taking reasonable steps to prevent and detect fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees’ report, and the responsibility of the independent examiner to the Trustees’ report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

These accounts have been prepared following the provisions applicable to companies subject to the small companies regime.

I approve the attached statement of financial activities and balance sheet for the year ended 31 March 2024 and confirm that I have made all information necessary for its preparation available.

7

HOME START CHICHESTER & DISTRICT

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and Legacies
2a
Other Trading Activities
2b
Investment Income
2c
TOTAL
EXPENDITURE ON:
Raising Funds
3a
Charitable Activities
3b
TOTAL
NET INCOME/(EXPENDITURE)
Transfer Between Funds
8,9
Reconciliation of Funds:
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023/24
2022/23
£
£
£
£
£
134,686
-
131,861
266,547
182,833
6,436
-
-
6,436
7,676
4,058
-
-
4,058
972
145,180
-
131,861
277,041
191,481
19,258
-
1,946
21,204
18,824
112,683
-
77,621
190,304
129,690
131,941
-
79,567
211,508
148,514
13,239
-
52,294
65,533
42,967
-
-
-
-
-
121,990
20,000
20,941
162,931
119,964
135,229
20,000
73,235
228,464
162,931

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 10 to 18 form part of these financial statements.

8

HOME START CHICHESTER & DISTRICT

(A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 31ST MARCH 2024

Company registration number: 06552088 Company registration number: 06552088 Company registration number: 06552088
Unrestricted Designated Restricted 31-Mar-24 31-Mar-23
Funds Funds Funds Total Total
Note £ £ £ £ £
Fixed Assets
Tangible Assets 4 - - 11,200 11,200 -
Current Assets
Debtors & Prepayments 5 718 - - 718 210
Cash at Bank and in Hand 6 135,580 20,000 62,235 217,815 165,936
Total Current Assets 136,298 20,000 62,235 218,533 166,146
Creditors:amounts falling due 7 1,069 - 200 1,269 3,215
within one year
NET CURRENT ASSETS 135,229 20,000 62,035 217,264 162,931
TOTAL ASSETSless current liabilities 135,229 20,000 73,235 228,464 162,931
NET ASSETS 135,229 20,000 73,235 228,464 162,931
Funds of the Charity
General Funds - Unrestricted 135,229 - - 135,229 121,990
Restricted Funds 8 - - 73,235 73,235 20,941
General Funds - Designated 9 - 20,000 - 20,000 20,000
Total Funds 135,229 20,000 73,235 228,464 162,931

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

9

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

2011

Basis of Preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

Home Start Chichester & District meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Preparation of accounts on a going concern basis

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Material prior period errors

No material prior year errors have been identified in the reporting period.

The particular accounting policies adopted are set out below.

1. ACCOUNTING POLICIES

Income

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Contractual Income and Performance Related Grants

This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.

Gifts in Kind

Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

10

HOME START CHICHESTER & DISTRICT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

Government Grants

The charity has received local government grants in the reporting period

Donated goods

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.

Donated Services and Facilities

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Settlement of Insurance Claims

Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

11

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

Expenditure and liabilities

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and Support Costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Employee benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. 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.

Fixed Assets

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line over 3 years from the month they are purchased.

Heritage assets

The charity does not have heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture.

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

12

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

2. ANALYSIS OF INCOME

Unrestricted
Designated
Restricted
Funds
Funds
Funds
£
£
£
a) Donations and Legacies
Donations: Corporate
3,800
-
2,500
Donations: Individuals
-
-
-
Trusts and Foundations
124,557
-
70,555
Grants Received: Government
2a)i
6,329
-
-
Grants Received: Other
-
-
58,806
134,686
-
131,861
b) Other Trading Activities
Fundraising Income:
Community
2,098
-
-
Individuals
4,338
-
-
6,436
-
-
c) Investment Income
Bank Interest
4,058
-
-
4,058
-
-
2 a)i
Analysis of receipt of government grants
Birdham Parish Council
Bosham Parish Council
Chichester City Council
Chichester District Council
Cocking Parish Council
Easebourne Parish Council
Fishbourne Parish Council
Midhurst Town Council
North Mundham Parish Council
Plaistow and Ifold Parish Council
Sidlesham Parish Council
Southbourne Parish Council
Tangmere Parish Council
West Wittering Parish Council
Westbourne Parish Council		 TOTAL
TOTAL
2023/24
2022/23
£
£
6,300
6,175
-
-
195,112
120,000
6,329
11,408
58,806
45,250
266,547
182,833
2,098
1,600
4,338
6,076
6,436
7,676
4,058
972
4,058
972
2023/24
2022/23
£
£
75
-
400
-
2,489
-
-
7,500
100
-
250
-
285
-
800
800
200
200
-
1,408
120
-
360
-
-
800
1,000
450
250
250
6,329
11,408

13

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

3. EXPENDITURE

Note
a) Raising Funds
Advertising & Publicity
Fundraising
b) Charitable Activities
Direct charitable expenditure
Depreciation
Family Group
Insurance Costs
IT Consultancy Fees
Motor Vehicle Costs
Printing, Postage & Stationery
Provisions
Rent & Rates
Repairs & Maintenance
Salaries & Wages
10
Staff & Volunteers Training & Recruitment Costs
Subscriptions
Sundry Expenses
Telephone Costs
Travel & Volunteers Expenses
Governance and Support
Bank Charges
Bookkeeping & Accountancy
Home Start Annual Fee
Independent Examiners Fees
Legal & Professional Fees		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023/24
2022/23
£
£
£
£
£
879
-
1,291
2,170
872
18,379
-
655
19,034
17,952
19,258
-
1,946
21,204
18,824
-
-
2,800
2,800
-
1,709
-
2,320
4,029
2,320
-
-
1,171
1,171
1,077
1,714
-
287
2,001
1,313
-
-
1,957
1,957
-
594
-
909
1,503
1,246
1,348
-
1,629
2,977
1,625
4,351
-
5,465
9,816
8,244
281
-
1,589
1,870
95
76,227
-
51,930
128,157
84,108
2,678
-
235
2,913
3,501
296
-
1,297
1,593
1,375
20
-
20
176
761
-
1,692
2,453
1,979
2,969
-
104
3,073
2,090
126
-
126
146
12,046
-
2,200
14,246
12,997
2,357
-
1,090
3,447
1,864
600
-
200
800
840
4,606
-
746
5,352
4,694
112,683
-
77,621
190,304
129,690

3.b)i) Summary analysis of expenditure on charitable activities

This table shows the cost of the main charitable activities including support costs and grant funding to third parties

Activity or programme

Supporting families Direct
Charitable
Governance
charitable
gifts
cost
cost
£
£
£
166,333
-
6,152		 Support
TOTAL
cost
£
£
17,819
190,304
166,333
-
6,152		 17,819
190,304
3.b)ii) Details of certain types of expenditure
Assurance services other than audit or independent examination
Independent examiner’s fees
Other fees (for example: financial advice, consultancy, accountancy services) paid to the
independent examiner		 2023/24
2022/23
£
£
800
840
-
-
-
-
800
840

14

HOME START CHICHESTER & DISTRICT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS

Cost
01-Apr-23
Additions
Cost at
31-Mar-24
Depreciation
01-Apr-23
Charge
Depreciation at
31-Mar-24
Net Book Value
31-Mar-24
Net Book Value
31-Mar-23		 Unrestricted
Restricted
Equipment
Motor Vehicle
Total
£
£
£
2,251
-
2,251
-
14,000
14,000
2,251
14,000
16,251
2,251
-
2,251
-
2,800
2,800
2,251
2,800
5,051
-
11,200
11,200
-
-
-

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2024 : None

31st March 2023 : None

5. DEBTORS AND PREPAYMENTS

Prepayments
6. CASH AT BANK AND IN HAND
Cash at Bank and in Hand		 Unrestricted
Designated
Restricted
Total
Total
Fund
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
£
718
-
-
718
210
718
-
-
718
210
Unrestricted
Designated
Restricted
Total
Total
Fund
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
£
135,580
20,000
62,235
217,815
165,936
135,580
20,000
62,235
217,815
165,936

7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors
Independent Examiners Fees		 Unrestricted
Designated
Restricted
Total
Total
Fund
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
£
469
-
-
469
2,375
600
-
200
800
840
1,069
-
200
1,269
3,215

15

HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2024

8. RESTRICTED FUNDS

CURRENT YEAR
Sussex Community Foundation
National Lottery Community Fund -
RC London & South East Region
Woodger Trust
Postcode Society Trust
Arun & Chichester Food P'Ship
Whitestuff (HSUK)
Homestart UK
Lottery (Awards 4 All)		 Balance
Fixed Asset
Balance
01-Apr-23
Income
Expenditure
Purchase
Transfers
31-Mar-24
£
£
£
£
£
£
3,876
10,000
(10,545)
-
-
3,331
7,115
36,981
(27,495)
-
-
16,601
-
60,555
(27,502)
(14,000)
-
33,053
9,950
-
(9,950)
-
-
-
-
1,575
(1,575)
-
-
-
-
2,500
(2,500)
-
-
-
-
250
-
-
-
250
-
20,000
-
-
-
20,000
20,941
131,861
(79,567)
(14,000)
-
73,235

The Sussex Community Foundation fund is for Staff costs and overheads.

National Lottery Community Fund – RC London & South East Region fund is for Scheme Manager salaries. The Woodger Trust Fund is for the Witterings Project

The Postcode Society Trust fund is for Staff costs, Rent and overheads The Arun & Chichester Food P'Ship Fund is for fresh produce.

The Whitestuff (HSUK) Fund is for the provision of anxiety courses. The Homestart UK Fund is for baby milk for families in need.

The Lottery (Awards 4 All) Fund is for Staff costs, Volunteer costs and overheads.

The restricted funds held at 31st March 2024 are represented by:

Fixed Assets
Cash at bank
Creditors		 £
11,200
62,235
(200)
73,235
PRIOR YEAR
Sussex Community Foundation
National Lottery Community Fund - RC London -
& South East Region
Donation for South Group
Pears Foundation Recovery & Resilience Fund for -
Home-Start UK
Postcode Society Trust
Chichester District Council 2022		 Balance
Balance
01-Apr-22
Income
Expenditure
Transfers
31-Mar-23
£
£
£
£
-
10,000
(6,124)
-
3,876
-
31,750
(24,635)
-
7,115
1,236
-
(1,236)
-
-
2,040
-
(2,040)
-
-
-
-
25,000
(15,050)
-
9,950
3,253
-
(3,253)
-
-
6,529
66,750
(52,338)
-
20,941

The Sussex Community Foundation fund is for Co-ordinator salaries National Lottery Community Fund – RC London & South East Region fund is for Scheme Manager salaries. The Donation for South Group is a private donation received for South Group expenses

The Pears Foundation Recovery & Resilience Fund for Home-Start UK fund is to cover Staff Costs, delivery costs and overheads

The Postcode Society Trust Fund is for Staff costs, rent and overheads. The Chichester District Council 2022 fund is to cover Staff Costs and overheads

The restricted funds held at 31st March 2023 are represented by:

Cash at bank
Creditors		 £
21,154
(213)
20,941

Included within the Unrestricted Funding is a grant from the Veteran’s Foundation of £7,557 which has been fully spent.

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HOME START CHICHESTER & DISTRICT (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31ST MARCH 2024

9. DESIGNATED FUNDS

CURRENT YEAR
Property Fund
PRIOR YEAR
Property Fund		 Balance
Balance
01-Apr-23
Income
Expenditure
Transfers
31-Mar-24
£
£
£
£
£
20,000
-
-
-
20,000
20,000
-
-
-
20,000
Balance
Balance
01-Apr-22
Income
Expenditure
Transfers
31-Mar-23
£
£
£
£
£
20,000
-
-
-
20,000
20,000
-
-
-
20,000

The Trustees agreed at a Board Meeting in 2020/21 to set up a ‘Designated Fund’ for future property costs as and when the charity is required to move from their current premises.

The designated funds held at 31st March 2023 and 31st March 2024 are represented by the Charity's cash reserves (£20,000) and are ringfenced to be expended as specified above.

10. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

Gross Wages and Salaries
Employer's National Insurance Costs
Less HMRC Incentive
Employer Pension Contributions
Statutory Maternity Pay
Statutory Maternity Pay Recovered
Statutory Maternity Pay Compensation
Number of employees who were engaged at the end of the year
Activities in furtherance of organisation's objects		 2023/24
2022/23
£
£
118,995
79,938
8,189
5,091
(5,000)
(5,000)
6,005
4,251
1,069
5,771
(1,101)
(5,771)
-
173
128,157
84,453
in each of the following activities:
2023/24
2022/23
TOTAL
TOTAL
6
6

No employees received emoluments in excess of £60,000 (2022/23:None). Staff are paid through the PAYE system.

The key management personnel of the charity comprise the Trustees and Senior Management Team. Neither are remunerated. Therefore the total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel of the charity were £0.

11. DEFINED CONTRIBUTION PENSION SCHEME

The charity operates a defined contribution pension scheme. The assets of scheme are held separately from those of the Trust in an independently administered fund. The pension cost in the SOFA represents the contributions payable by the charitable company to the fund and amounted to £6,005 (2022/23: £4,251). There were no commitments at the balance sheet date in respect to future transactions.

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HOME START CHICHESTER & DISTRICT

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31ST MARCH 2024

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Net Current Assets
TOTAL		 Unrestricted
Designated
Restricted
Total
Total
Fund
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
£
-
-
11,200
11,200
-
135,229
20,000
62,035
217,264
162,931
135,229
20,000
73,235
228,464
162,931

13. GRANTMAKING

The charity did not make any grants or donations which in aggregate form a material part of the charitable activities undertaken.

14. EVENTS AFTER THE END OF THE REPORTING PERIOD

The Trustees are satisfied that there are no events between the end of the reporting period and the date the financial statements are authorised for issue, which require disclosure.

15. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to Trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a Trustee or any person connected with them.

There have been no donations from Trustees during this financial year (2022/23: £Nil).

16. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees on my examination of the accounts of Home Start Chichester & District for the year ended 31st March 2024.

Responsibilities and basis of report

As the charity’s trustees of the charitable company (who are also the directors of the company for the purposes of company law), 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 charitable company are not required to be audited for this year 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 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

The charitable company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a fellow member of the Association of Charity Independent Examiners.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I have no concerns 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.

Signed:

Date: 13 September 2024

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

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