REGIsTED COMPANY NUMBER: 06636439 (EDgl4nd Ind Wales) REGISTERED CHARITY NuftrtBER.. 1124943 JWR Audit Limited Sthttjtory Auditor 24 Picton Ho Hu5S8r Court W8terlooviU¢ HaEDp$hire P07 7SQ
tatetnents atch 2024 for Year Ended 3 Page Report of thc Tntste I to 5 Report oftbe ITWnt Audi 6 to 8 SthtCllWDt of Finattcial Activities Balance Sheet 10 C&8h Flow Ststement Notes tb¢ Cash Flow 12 No¢es to (b¢ Financial S¢al¢ments 13 to 19 Dd8ii¢d StatsmeDt of FitiAncial Activities 20 to Zl
HoDJfrStsrt Porlsmouth oftheT f the Ytrdr Ended 31 ma 24 The trustees who are also directors of the elJArity for the purposes of the Conwatties Act 2006, present tbeir report with the fillancial statemenL8 of the clwity for the year ended 31 March 2024. The ttustees have adopted the provisions of Accounting and Reporting by Ctwities.. Statement of Recotnmended Practice applicable to charitie6 preparing their accounts in accordance with the FiDallcial Reportirjg StaDdard applicable in the UK and Republi¢ of trelaud (FRS 102) {effeclive l Janu9ry 2019). ORJECTIVES AND AcnvrllES Obleetiyes and Y4imS Home-start Portsmouth exists: . To Safeguar protect and pr¢serve good health knth mcn¢41 and physical of Chsldren paTts and ¢ar¢TS of thildrcn b. To prevent cruelty lo or tDaltreatrn¢rsl of ¢hildr¢Tb c. To relieve sickness. poverty and Theed amongst Gbildr¢n and P8rnkts gnd w¢r5 of childr¢n d. To promote the education of the public in kttcr 5t8ndaT&s of ¢hild car¢ withiu POrtsUyth and its environs. Our Vision Home.StOrt Po¥tstnouth wants lo help build a community ID wbich every pon)Vcarer bas the jprt they need lo give theiT ¢hildr¢n the besl possible $tart in life. Our Mission We are here to enable parents to be the besl por¢nts Ih¢y ¢40 be for their Children by offerin8 th¢m friendship, merlloring, upskilling aud prncti¢a] support througb volvllt¢or visitiD& par¢uliDg a[ Gtsild d¢vclop]n¢nt pro8r&In8. stay & play {juP3 al giviJg PEnts & VQiC¢ ID Ih¢cotsuuuDity. Page I
ouib rtoftheT Ended 31 March 2024 STRATKGIC REPORT Achievement and perfoTtll8nce Hume-stsrt PoTOUth is a volullteer led charity that Sup[ stsuggling PAtellts and c4t¢rs lo be the best they caD b¢ in enablillg their cbildreu to thrive and Cceed. In our last repoTt FY ending 31 Match 2023. w¢ referenced post pat)deti)ic and cost of living cb&lleDge8 tb8t wet pla¢ing ullbwdble pr&%sure on deprived cornmunities. We also rq)orted a 1417/(* iILcre&s¢ in incomc to the 3 1st of March 2023 which cnabled Itss to sup1 t[re children and families. However ttollomic ptessure5 continued in FY 2023-24, 50 wc kn¢w we had to ty even harder. So. we are pleased to report thit this year we succeeded with.. _ - 2240/0 in¢re&se iti incoD]c from £331,824 to £ 1.073.865 - 10 O/y in¢r¢8s¢ IJ) Ihc number of f8milies suppfftd from lJ53 to 1.484 by Hom¢.Start PoTtsmouth This is att outstanding performance which created cba]lell8in8 orgallis4lioI Ghallge over a very slx)rt period. Staff numbetx iTh¢re&sed fwm 11 lo 27, a risc of 145bA just one indicator of the kICk-On effect of rapid growth on the logistics of t18 the Or81$. What we didnl change were our core v8lu¢$ 8t mi&sioD which ¢ontinu¢y lo give us a strong culture and the energy to d¢liv¢r our promises of fomily support in its many gui8¢s. Our iucce5s would not have beett pog8ible Mithout the clear and strong leadership of CEO And tbe tnotsvation of the whole team. including Trn$tees to 4dapl and cbange. The illcre&8e ill fijnding which enabled the team to deliver iti¢TeL9ed leyels offnI]Y support ¢am¢ mainly from CcDts81 Gov¢rntll¢nl Fuading "Best Start for Life" wbicb was cwaded dowm through Portsmouth City Couneil VIA a Dew ¢outrart for which w¢ bad to lender. The projects that are (kliv¢red Ihrou¥b the Family Hub Best Start for Lif¢ Prorn ilude. . Family Hub CharnpioD8 ID all 5 FRmily Hubs and an onJiDe Cbampion: Outreach hom¢ visiting 5UPF. Pareni Engagement including Portsmouth Pareni Voice and Portsmouth P8rn1 Bo&rd: A timetable of I I weekly Sthy and Play groupsb plus othez services frotn conrraeled ¢owortiutn p8rlD¢r5.' iufaDt feediD8 DDd tsr8eted nurture groups. We also have long terni, valued relationshi with other key fide. Childron ill Need.. Our s¢hool readiness ptoittt offer¥ ¢bildrn targeted 5UPPOrt lo assist ill tbe devdopmenl of a cbild aged 34. The Herry Smith Found2tioll'. A 10-week programme desi8Ded to give parents the tools for & compwionats gnd empathetic home, horne visiting Yolunt¢u support 8150 offered. The Royal Nasy Royal MaTines Charity.. A pgthr5bip with RNRMC support familie9 in the Roya] Navy through Ole vi81ting and group supwrt. Pe8rs Found4tiou: An UDreytricted grant to SLwon our¢or¢ d¢liv¢ry 1)55 ali projed8. Our thattks as always to our fiuKkT5, big and small withoul whom our WQTk would Dot be txJ&gible. Raising our profile itt PorL8mouth was a key Ige1 in our Bwin&88 Plan. This has been ably achieved througb our DQW established Funth7iSiU8 & COrruiCatIOs Manager post whicb enabled us 10 a1tr8cI tnore volunteers. local fijnders, and individual donor5. Source of Don restri¢ted irLcome now [eprttts 22/• of our lot81 income. Internal buSlesS performance improvernBnts have continued iDcluding auditing and renewing our $8fe8u8rdiAg olld goverllauce pNti¢cs and policies. We are p&ticu18rly proud of new approaches io impact measurEnJent gnd stafflvolullte¢r up3killiDg progToJnmes. We now at a size wbere we Ilave been able lo recogoise staff poterAlial through advaneemeot {traiDing and nrw job oppOrtitics). Home-stort UK celebrated tbeir 50th bittbday clos¢ parttkcr in our wtIL With their encour4gEmEnt, expertise and backing, we were able lo "pullcb above IKJr I(1 weight" for fiJn(Ls. Page 2
Hotne-start P Drt of TnLStees for the Y Etlded l Mch 2024 Thc B0d of TNst¢¢s, iocluding thc Chalr b&s rcn)ained strong and relatively stable team througbout this dellding year. Th¢ Cbair stcppcd down at th¢ cod of this FY after seThillg 4 years as a Tnjsree - 3 of those as Cbair. She remaius a Trustec. Thc Vice Cbair has becomc IDtcrim Chair Whil r¢cnJitment for a ttew Chair continues. Our TtEasurer of 12 years slcpped down ia ScplcmbcT 2023, aDd a n¢w Treasurer aprx)itrted from the exiting Board. At the end of the FY, we had 8 Th551ees with 3 outstsnding applications in th¢ pipclinc which will give coverdge of all the oreas of expertise artd representatson Tequired in FY 2024-25. We have rtvistd a Plan beca of overnehieving in¢ome tsrgets for FY 2023-24. So, FY 2024.35 will be year of eonsolidatioll. We aim to mliniaiti a eurrenL size wbi]st finding effi¢i¢n¢ies without loss of quality or innovatio which will enable more children fartiiliea to )efit from our %eEvices. We are in)mensely gr8tefiJl to sthff. voluntee(& and for a very suewsful year of operaiioL FffinalldAI reTAe Flnfinelal pogltlon The increased income reported tti the 23f24 financial year, refleets the suece&sfid rnewal of the core PCC contr( aloog with tLew income from an additional PCC contracL ielaled io supportiD8 8 2 yeAr o¢ntral governm¢nt fi]nded initiative. The nature of the Dew CODtrac¢ meant thal income costs for HSP will not b¢ ¢v¢nly di$tribul¢d over th¢ 2 year Ontract period. Henee the surplus reported for this finan¢i41 ye4r, was onlicipaled as part of the colltract bi4 and will be rcquired to offset an expe¢ted defi¢it of similar vaiue. whith will be incwred ID the 24125 f]DaDcial year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng doeument The charity 18 Corttrolled by its Boverning documeAL A deed of trvsu and constt'thtes 8 limited compony> limit by guarantee. 18 defined by the Corllpatties Act 21K>6. Management Board Governing document The chlty is controlled by its 8overnin8 docwneDL 8 d¢ed of twsL Aud ¢ODStttul¢8 a iimit¢d ¢OEUP8lly. limit¢d by guarantee, defincd by the Cornpanies Act 2006. BOo 0fTn¢S The Chatity 1$ Bovern¢d by tbe Board of Trustees who$¢ tnellther5 ideJ]ti6ed below. The BO8 bAve considerabl¢ expertise in busiD&%S management, fin&nce. ehildren's servi¢e$, and sale*iDg. Operation&1 Sthjcture and Decision Making The Board of Trustees delegates responsibility for the day to day nllMIt of the Clwity to a Cbief Executive Officer who report5 direcdy to the BoariL Decisions on mattcrs of policy aDd strategy either or ratified by the Board Whil day lo (tay operational d¢cisioD3 ar¢ takcn by th¢ CEO 8Dd L¢8du51LiP The Board of Tntee8 meets monthly (o review busiti&8s perfoTUWK¢ alld risk to en5WC tbc Clwity's operdtioll is fitnciallY sustainable and that the perfornlance objectives are mei in lille with the BlineSS Plall. Pagc 3
tart PortSTnouth ort of the TtteS Erld arclL 2024 or STRUCTURE, GOVERNAP4CE AND MANAGEMENT Risk mauagoment This Board lias a duty lo idcntify and miew the risks to wbich the Clwity is cxpose(L Througb a process of regular review, the Board priorilis¢ and ¢U5UTes'.- l. Approprialc pr(KCSSCS and controls ore in place to safeguard childteD atKI in additio4 tbree 4cIal advisers support ¢h¢ Biwd in thi5 impoTtAnt 8Tea. 2. Sufficient income is gener&te¢ aad reserves PTOte¢ted for A Susthinable operatioll that is able to meet it's objectives. There is & Businw Plan sn place detailiDg performan¢¢ objectives io meet the strategic goals. 3. Appmpriate controls ore in place ty provide re&wnable &8surwKe a8£inSt fraud arwj error SonLe other areas of risk reviewed tt]anBged illcludc colllrnctual comnlltrnents and legal compliaDce' rising eosts in the cwrent economic clim&te' staffing" cyb¢r s¢turity, volunteer recNitmenU reteDtiOD gnd pdomwi¢¢: aud th¢ wthnown {war. Vine5 ctc) REFERKNCE AND AD[[NISTRATIvE DETAILS Reglstered Corllpany nurnber 06636439 {Eng]and and Walcs) Reg18tered ChArfty number 1124943 Rtglstered olllce The H&veD 17 Lake Ro4d Portsujouth HJtnpshire POI 4HA Tru$teeg Mrs A P Reid Treasurer Mrs A J Woodcock Chair Mts B K Vaughall Retised Ms J Bowles Chief Oper&tillg Offi¢cr {rc81d 12.9.23) Ms H A Cook MaTk¢¢iDg & Comtnuoication Manager I C Coopcr Company DirKtor Ms L Jcllkills Rrtir¢d Ms J K Goodship Teaching Fellow {appoinled 17.5.23) A J OsborD CFOIFitkaDce Director (appointed 17.5.23) T Simmons Company Director (3ppoinkd 17.5.23) Audltorj JWR Audit Limited Stabjlory Auditor 24 PictOD Howe Hu&88r Court Wateflooville Hampshire P07 7SQ Pag¢ 4
rt of the Tnjste for the Year Ended REFERENCE AND ADMITrIISTRATIVE DETiitis Advisers Miuulc Takin% Secretary Jo Gormtship CEO Joanna Toms Bat)kers CAP. Bank STATEMENT OF TRUSTEES, RffSPOYSIBILrriFS The tSte£S (who are also the dire¢¢ors of Hom¢-Stprt Portsmouth for tbe purposes of ¢ompally law) are responsible for préparing the Rcport of the Tvjstees and lh¢ fin¥n¢ial s&iements in accordance with gpplic&ble law and United Kujgdom AL¢ounting Standards (United KinBdom G¢n¢r8lly Aecepd Acc04mtin8 P]ee). COEnPY law requires the tr$ to pr¢par¢ fitwhcial ststements for each finatteial year whicb give a In and f&ir vitw of th¢ stat¢ of affairs of the charitable eomp8ny And of the incoming resources and application of resources, I[udIng th¢ inwuke and expenditure, of th¢ eharitsble cot)]P8ny for rhat periThl. In preparing those financial stslcm¢nts. th¢ truslEc3 requued to $elecl suitable vxountitig policie8 and then apply th¢m ¢onsisteotly' observe the methods aod principles in the Cb8rity SORP. makejudgements And eslimlltes that are re8sonabl¢ atKI prud¢nt' state whether applicable accounting sf8ndards ba followe4 subjecl lo any mai¢Tial disclos and explained in tbe fthancial slatements. prepare tlie finallcial slatements on the goiug ¢on¢¢m basis unle85 il is inapprwxiate to prewme that the ch8Titsble ompaoy will continue in busi[5. The thSteeS are re5ponsibl¢ for k¢¢ping proper accounling rwoTds whith diwlose with reasoDable ac¢ur8¢y at 8ny tim¢ the fiDAn¢i81 position of thc ¢hpritLble company aDd to eDable therD io csUre that the financial statements co)]Y with thc CoTnpanies Act 2006. They are also reSpOtbIe foT safegu8rdin8 the assets of the cbitable cornp8ny and hence ftir taking llable Steps for the prevet]tioD and detection ol hud aod other irregularities. In $0 far as the trustee$ are awaTe'. Iber< is uo relewdnt audit inEoTmatiort of whicb tbe clnble cOrnpan3 8uditors are uDaware,' and tkLe trustees have token all steps that ihey ght lo have lo make thenL4elves aware of relevant oudit inlomhatioll and to estAbli$b that the auditols are awar¢ oftbai information. AUDITOILS The auditors, JWR Audit LI11£ will be ppjwsed lor te-app)illim¢nl at the forthcomiDg Annual GerAernl Meetin8. Report of the twstee5, incorporntin8 a stra¢¢gtc ryr4 Ipproved by order of the board of tntstees. &s tbe company ditectors. on....... 41.11..a* . and signed on the ixjard's behr by: Ms H A Cook. Trustee Page 5
ort of the tnd udit0 to the TLste of tart Portsmouth Oplnlon We Iiave audited the fiDallcial 5t8tcments of Homc-start POrtsmth (th¢ 'charÈtsblc C4)Mpan for the year eDded 31 March 2024 which cofflprise the Staierneot of Financial Activities. the BalallC¢ Shcct, thc Cash Flow Ststement and notes ¢0 the finallGiai statements. includiDg a SUTDW of significant accounting poli¢i¢s. The financial reporting frunewoTk that IL85 been applted in their preparntion is applicable law and Unil¢d Kingdom Accounting Standards (United Kingdotu Generally Accepted Accounting Practice). ID ouropinioD th< financial Statements: give a true and fair view of th¢ stst¢ of the charithble compan5 affAir$ 19 &1 31 March 21ll4 and of IL8 itLCOrniDg resources and applicatiou of rcsourcrs, ititluding its incoDK aud expetiditule. for the year then ended. have been prop¢rly pr¢p8rd in a¢¢ordance Tritb Unid Kingdotn Gellerally AcceMed AccouDtiDg PTacti¢c; have been PTcpared in a¢¢ordan¢¢with requirements of the Compallies Ad 2006. Bas1$ for opllllon We conducted our audit in accordartce with tnternational StandartL8 oo Auditing IUK) OSAS (UK)) aud applicable law. Our responsibilitics llnder those stslldwds are further describcd in the Auditors, responsibilitie5 for the audit of the fiDaDeial stslctneDts g¢etion of our ieport. We are independent of the charitable company in accordarbLe with the etbical requir¢o]¢Dts that are relevant to our audit of the fincIal sthtements in tbe UL including th¢ FRC'Y Btbieal Standar 8t w¢ have fulfilled our other etbical responsibilities in ¢0rdate with thc8c qUIr¢)Cnts. We believe that thc audit evidence we have obtAined is sufficient and appropriat¢ to provide a b&8i8 for our opinion. CoDcIu81oo8 reltlng to going concern In auditing thc fittattcial statements. we hav¢ ¢on¢luded that the INslecs' use of the going ¢on¢em b18 of CoUnting uj the preparntioo vftbe financial slal¢rneDts 15 approprba B¢d OD th¢ work we bavc p¢rfoTmed. w¢ have llot identified any material uncenaittties relatitig to events or ¢onditioo$ that. individu&lly or coll¢ctiY¢ly, UJBY c&st $I1Cat doubt on the ehAtitsble cotrpallys ability to con¢iDU¢ as a going onc¢m for a period oral le451 twelve months from when the financial sratements are authorised for is8UC. Our responsibilitiey and the re4)0ti8ibiiities of the trte9 witb rtspect lo goiug concern are descTib¢d io the relevant Sections of this report. Other illform#tton The tNStee$ responsTri Jle for the other inf(Kmaiioo. The other infotrn&tiou compri5cs th¢ iDfornlltion included in th¢ AnDua5 R¢p)r¢ other than the financial stslem¢nts aod our Report of the Ind¢p¢ndent Auditors thereon. OUT opinion on the financial sfalan¢ots does nol cover the other iTrforrJwtion and. except lo the exlent otherwise explicitly stated in our Teporf, we do not expm any form of UrCe conclusion thereoD. tn connection with our audit of the fjnancial statenKnts. our Tesponsibiliry 18 lo read the other iDfomation and, in d(>ing so, consider whethcr Ib¢ other infOrnOn is mal¢rially ineonsistent with the financial sla¢emenL8 or our knowledge obtAined in th¢ 8udit or othen¥ise appea to be rnarerially ntated. If we identify such material iftcousistencies or apparent material mi&8tLtements, we are required to determille wbeiher this gives rise to & rnatcrial misstalemellt in tb¢ finan£i&l stsl¢Tu¢Dts leelVes. If, based 00 the work baye performrt we Conclude that there is a mwterial miSstat¢eD1 of this other intormation, w¢ ar¢ r¢qtsired lo retM)rf thai fact. We Dothillg lo repotl in tbis regar Matters vhleh wt are required to report by exeeprtOD We bav¢ notlllng to report in respect of the following mattu3 wb¢rc th¢ Chariti¢s (Accounts and Report8) Regulatiou$ 2008 requiru us to report lo you if, iD IRLf QPiDiOn.' the ittfornmtion given in the Rq of the TTSle¢S is IllD$181¢t in any matetial respect with the fittallcial statements- or tbe charitable compally has not kept adequate accouDting records; or tbe financial slatetueuts are not in ae¢01¢llt with the accounting records and returns: or we have Dot received all the infonDatioD aud explanatio8 we require for our audit. Pag¢ 6
theln endent Auditrjts lo theTnlets of Home.Start Pottsmo Respo]Tr5ihilities of trnslees A5 explaiDed more fully ill the Statcrnent of TnJsie&%' Responsibilities. the trustees (who are also the directors of th¢ charitable cornpaDy for the purposes of Gompany law) are responsible for tbe prepardlion of tbe financial stst¢meDtg and for bein8 satisfied that they give a true and Faif view. and for such int¢rno1 co¥Jtrol &8 the trnsttts d¢tcnuinc 1$ Tr$Sary to enable the preparation of financial ststements th81 frc¢ from Jn8krial Mis5t&t¢unL whcthcr duc lo fraud or ¢rror. tn preparing the fiDancial ststements. tbe Int¢ r¢¥Jonsiblc fi)r asstssing Ihc rlwitsbl¢ fOTTLpan)Os ability io continue as a gosng concern, di5closin& applicablr, TnattrTS related to goirtg eoncem and using the going concem basis of accouDting un]cs5 th¢ I$1£¢8 ¢ith¢r iD¢¢nd lo liquidate the clwitable company or to ¢e&ge operations, or have DO rc8listi¢ 8lteTnativ¢ but lo do so. Our re5pooJibilitle8 fur the gudit of the fJnaotl81 ststements We havc be¢n 8pptsint¢d as auditt>rs under Section 144 of tbe Cbarities Act 2011 ond report in accordance with the Act and Tclcvont regulaiions m&de or having ¢ffect therewider. Our objeetives are obraiti re&qonoble assura¢ about whether the fiDancial ststemeDts as a whole free fro material tllisslatement, whether due lo fraud or ermr, and to i&8ue a Report of the Ln(kpenden¢ Auth'tors that includ&s our opinion. Reasonable a&suramee is a high level of wuranu. IS Qot a guarante£ that an audit condu¢tsd in accordanc wIth ISAS IUK) will always- delect a material misslal¢rnenl wh¢n it ¢xists. Misstat¢tn¢nts can 4T1 from fraud OT ¢Th)r and are considered ma¢eri81 if, individually or in th¢ aggr¢gat¢, th¢y could rwoD8bly b¢ ¢xp¢ct¢d to tnlluoDCf Ibc economic decisions of users tsken on the b&8is of th¢5¢ financi st81¢m¢nts. The exteot to wbich our procedure5 are capabl¢ of dde¢ting irr¢8ulariti¢& in¢ludio8 fraud is detailed below: e8ulariti¢s, includin8 b4u4 ar¢ iu$toM of non-compliance with laws and reBu]atioDS. We deSied audit PTocedures to respottd to the ri8k, recOls1g tbat the risk of Dot detecting & material 7$61tement due lo fraud is trligber than the risk of noi de¢tIng one resuliing from eOr, as fraud rnay involve deliberate concealment by* for &xample. forgery, misrepr¢senIatio or througb collusi¢)n. Procedures perfornied by the &udit teatn includeJJ: - Discussions with m#naEement regarding known orsw¢eted it]stan¢&q of rn.ComPlIall¢¢ with laws and regulations., - E',.valuatiort of controls d&sied 10 prevent and detect irregularitiES; atMI - Assessing jourDal8 ¢utri¢s part of our plaDDd audit approach. Th¢ illherent limitstions io the audit procedure5 described thve and Ihe further removed non-compliance with law5 and teguiatiolls is from th¢ events and tramactio8 refleded ID tbe fiDan¢ial slatements, lh¢ less lik¢ly we wDuld b¢come aware of it. As in &ll of our audits also addre55ed the iisk of m8nagemeot override of internal ttr)ll. illcluditjg testing jounja and evaluating wtLether there was eYideDce of bia8 by the directors that repSented a risk of material misstatement due to fraud. A further descriptitstt of our responsibilities for thc audit of the finwicial slatements is IcKated on the FitLancial Reporting Council's website at www.frG.or8.uklauditotsresponsibilities. This descriptioa fornu wi of our Report of tbe Independentvdtor8. The previous yeaTS accounts were below the audii thSOI£s0 WCf¢ Dot auditd. Tr 2024 accounts are the first to Ix audited. Pagc 7
ofthe In t Audilors lo thc Trustccs of me-s U8e of nur report Thss Ieport is rnade 501ely lo the cbaTitsble company's tsustets. As a b(xly, in aecordance with Part 4 of thc Charilics (Accouuts Reports) Reguialions 2008. Our audlt work has been ldertaken so that we rnit $trt¢ to tbc ctwitable CoMpanS tnjstees those tnatters we are rwuired to stale to tbem ill an auditois. report and for no otber purposc. To the fullest cxtent permitted by law. we do n¢A accept or assunK responsibility to yone othei thaD the charitsble company alld the cbaritable coMpanS trustees a body, for ¢)ur audit work, for this repoo or for the Dpinions we htve fottned. JWR Audit Limited Statutory Audilor Eb'gible to act as an auditor in terms of Stttion 1212 of C¢)rnp8ui&s kn 2006 24 PictOD Housc Hu55ar Court Watcrlooville H8mpshiTe P07 7SQ Page 8
Statemellt of FinallcÈal Activiti& for the YEar Eud d 24 3l.3.24 Total funds 31.3.23 Tothl funds Unrestricted fimd Restrtctcd Notes INCON AND ENDOwTrrrS ITROM Donatior]s ond legacies 235.603 828,972 1,064,575 330,003 LuVtm¢a1 income 9,292 9292 1.824 Total 244,893 828.972 1.073,867 331.827 ExPErlTURE ON 273,981 582.106 856,087 331.813 NET INCOTrtEIIEXPENDlTURE) (29,086) 246.866 217.780 14 RECONCtLIATION OF FUNDS Total fiJnd8 brought fonvard 110.298 9.692 119,990 119,976 TOTAL FUTrIDS CARRIED FORWARD 81,212 256,558 337,770 119,990 The notes fottn part of these fuwKial 5tai¢menls Page 9
e-start Ports Balan eet 31.3.24 Total fjjnds 31.3.23 Total fild5 Unrestrict fimd Re8tJi¢ted CiJRREI NT ASSETS Debtors Cash at bank in hand 4,105 154.670 82,037 235.159 86,142 389,829 152.009 180.543 158,775 317,196 475,971 332.552 CREDITORS AtnowLL% falling due within onc y 10 (48,962) (60.639) (109,601) (198,462) NKT CURRENT ASSETS 109.813 25651 366,370 134,090 TOTAL ASSKTS LESS CURRKNT LIABtLrriES 109,813 256.557 366.370 134,0 PROVtSIONS FOR LIABILITrEs 12 (28,6(Kl) (28,600) 114,100) NET ASSETSI(LtABtLITIES) 81213 256.557 337,770 119,990 FUNDS UDrestri¢ted fijt Restri¢led fid8 13 81,213 256.557 110,298 9,692 TOTAL FUNDS 337,770 119,990 The cbarÈtable coMpY 1$ entitled ¢0 ¢x¢mption from Audii under Section 477 of the CompaDie$ Act 2006 for th¢ year ended 31 Marth 2024. The memb¢r3 bave not deposited notice, pwsuani to Seciion 476 of th¢ Cotnpatii¢$ Act 26 requiring ludit of these finanLial 8tal¢menls. The tru8t¢¢s acknowledbje thEir responsibilities for (a) ¢nsuring ¢ILai the eharitable co]npany keq>s acKountiDg r¢¢ord% thAt comply with S¢¢tion3 386 and 387 of the CompAnies Act 2006 and ptrpating finaAci#l stotemenls wbicb give a knje 8md fair view of the stale of offairs of the cbaritable c4)mpAny as at the end of each fmancial year and of its surplus or deficit for futhneial year in a¢corthce with the requirernents of Scctions 394 aud 395 ad wbich othenyise comply with the rEqWTEments of the Cotnpanies Act 2006 r¢5atiA8 tD fjnanciai stalrttmts. so far applible to the ch8(itable company. (b) These financial 8tslem¢nts ha iK¢n audited wider the requirements of Section 145 of the Chariti¢s Ad 2011. The fiuan stst¢ments were appmved by the B(d of Truste¢y and rISed (or i$81 . and were signed 00 its behalf by: H A Cook- Tte The nots fomi pth 0[thB finallciul stat¢mcnts Page 10
Home-start Cash Fl fotthey ment 31M 31.3.24 31.3.23 Note5 CAth flows from operatitlg 4ctiviti Cash generated from opcrdtions 199.994 5,166 Net eash PTovided by opernting activhti¢s 199.994 5,166 Casb flows from Investing actlvld InÈfflesl reiVed 9.292 1.824 Net casb Provided by inve5tinE activities 9.292 1,824 Chang¢ In cg#b ind c#Jh equivalents In Ibe reportlne perlod Cash and cash equivalent$ gt the b¢g5nnlDg of the reporting perfod 209,286 6,990 180,543 173,553 CAsh and c4$h equlvalents #t the end of tbe reporting perlod 389,829 180,543 Thc lli)tgs forni port of these financial ststements Pag¢ll
Pottslnouth to the C&sh Flow Statement r the Year Ended 31 Marcb 2 RECOP4cfLIATION OF PIET COmE TO NET CASH FLOW FROM OPERATING ACI'tvrrt&s 31.3.24 31.3.23 Net income for tbe reprfjrtlng period (35 per the Statement of FLn#nelal ACtItIes) Adjustments for: Interest received Decreasol(&Thcre&sc) ID debtors (Decreaseyincre&ge iti creditors 217.780 14 {9,292) 65,867 {74,361) (1.824) (147,659) 54.635 Trlet cash proVId by operntiOn5 199,994 5.166 ANALYSIS OF CHANGLS IN NET FUNDS At 1.4.23 Ca8b flow At 31.3.24 Net casb C8sh at bwjk hnd in h8t)d 180,543 209286 389,829 180,543 209.286 389.829 Totsl 180,543 209286 389,829 The tkotcs forrn part of thG8¢ finawial ststemellts PagE 12
estart Portsmouth Note5 to the Financial Sta for the Year Ellded 31 24 ACCOUNllNC POLICIES Ba51s of preparlng the financial statements Tho fillallcial statemeats of th¢ ¢h8n'table company. wknith is a public benefil entity uuder FRS 102, have been prepared in accordance with thc Chants"es SORP (FRS 102) 'Aecounting and Reportillg by Charities.. Statement of Reconjmended Practic¢ appliable to charities prewitig their accounts in accoidance with tbe Fillancial Reporting standa applicable in the UK and Republic of Irelattd (FRS 102) (effective l January 2019),, Fillancial Reporting Stsndard 102 'The Financi2d Rcporting Stsndard appliuble in the UK Republic of Irel#lld' and thc Cornpanies Act 2(. Tr finaociAI statements have beerl prepaTed under the historical cost ¢onveDIioll. Income All incolne is rc¢ogntsed in the Statement of FiDallcial AciiYit(es on¢c thc olority h&s entitlement lo the nds, it is probabl¢ that the ineome wiu be received and th¢ amount can bc mc4sur¢d lIablY. Where opplicable. adjustment h&s Een tJ]adE for income Whe a portion relates to the next financial ye&r. atld the appTopriate an)ount of deferred inlUc b&$ beeD d1105cd in the balallee sbeet os a liability aceorditigly. EendItUre Liabihtits &re recogoised as expeDdittur soon &8 there is a leBai or constNctive obligatioo ¢onllnitting the ch8Tity to thai expendittwe, it is prob8ble that a ttAnsfer of eronomic benefits will be TegUiTed in settlement and the amowit uf the obligatioD Ix musured reliably. Expendilluf is accounted for on an aeenjals basis and has beeu GI)fied under h¢8ding5 th81 aggre8Qte au cost related to the calegory. W&ere eosts Ca[0¢ be directly 4tttibuted to particular hudiugs Ilw bave been alloeated to activities on a b&sis ¢oosist¢nt with the use of r¢80urces. TayAdoD Tb¢ cbarity 15 exempt from ¢orporatioD Ilx OD its ¢Ilble activities. Fund Accountiug UDrG8trided funds can be used in 8ccordJDee with th¢ cbaritabie objectiv¢5 Nl the discretion of tbe trustees. Re8trict¢d fund% cen only be th8ed for particular restricted purposes withth the objects of the Chlty. Restiictiotis ise wben $pecified by the donor or fullits are rnised for p¥rti¢ar restricd purposes. Futther explallation of the attd of each fill i8 included ID the noles to the financial statements. PensloD CO8tJ and other post-retir¢ment beDefits Thc clLari(able comparLy Op¢TrI a defilled contribution peosion scbeme. Contributii)ns payable to the charitablc company's PeDSiOD schcm¢ w¢ ch8r8ed to the Stst¢mettt oFFit)attcial Activiti¢s in the period to which tbey rcl81c. PresentatloD The accounts ar¢ rouTJded the oe2Test The COunts represetst the con]pany as individual entity. The preyeDtstion curThcy is pound stcrling. Page 13 contmued...
Portsmou N t t the FiDCIal State f rthey[ enL8- Cotttinued 24 DONATIONS AND LEGACIES 31.3.24 31.3.23 Sales Don&tions 1.043,714 20,861 321,629 8,374 1,064,575 330.003 VESTMENf COmE 3l.3.24 31.3.23 Deposit account inl¢r¢Jt 9.292 1,824 SUPPORT COSTS FinAnce Volunteers Oth¢r iewurces ¢xp¢ttded 668.215 79 25,094 Govemanr costs Futnili OYeth¢8d% Totsls Other resourc&s expended 34,288 82,265 46,146 856,087 NET [NCoPlEXPENDlTlwRE} Net incomeJ(eXp¢nditU) is stated ifter cbhrgiDpl(creditin&)". 31.3.24 31.3.23 Auditors, [nIeration Auditors, rUlleratiOll for non audit work 2,000 1,612 400 890 TRUSTEESI REMUNERATIOIY AND BENEFITS There were tsus*es' remunerntion or oth¢T bvJ¢fits for the yw ended 31 Ma 2024 nor for the year ¢Ddrd 31 Mareh 2023. Trnstees, expenj The tr81e&s have bEen rettllbUed trdv¢l 8nd subsiste1C expettses #nd IT S¥JbriptiOn Gosts during th¢ p10a in the sum of £Nil (2023: £371). Pa8e 14
Horllesthrt Portsmouth les to thc Financial Stht Year Etmkd - eorttinued h 2024 STAFF COSTS 31.3.24 31.3.23 W&ges and salaries Social security costs ott pension costs 417.843 29.124 11.853 219.279 13,527 7,692 458.820 240,498 The avcrngc moThthly nthmber of employed8 during the year w&8 follows: 31.3.24 32 31.3.23 SILPWt st8ff No ¢mployees rtteived ¢molutuents in excus of £60.¢XJO. COMPARATIVES FOR THE sTATEmEr OF FINANCIAL ACTivrrtES Unrestrtcted fvod Kestric¢ fiu)d5 Total INCOME AND ENDOWKENTS FROM Dou&tioos aDd le8a¢ie8 258,427 71.576 330,003 tnK8tment incotDe 1,824 1.824 Toljl 260.251 71576 331,827 EXPENDITURE ON 268.008 63,805 331.813 NET INCOME/(EXPENDITURE) (7,757) 7,771 14 RECONCtLIATION OF FUNDS Total furjds byougbt forward 118,054 1.922 119,976 TiyfAL YUNDS CARRtED FORWARD 110,297 9,693 119,990 Page 15 coDlinu¢d...
Not t the FIlll¢al Statemetts- cot) for theyear Ended 31 March 20 DEBTORS: AMOUNTS FALLING DUE WITlltN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 8nd acGrued incomc PrepayrneDts 82,037 1.576 2.529 146,936 1.768 3,305 86.142 152.009 io. CREDITORS: Amour FALLING DUE MTHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security aDd otber taxes Other CditorS ACenlS and deferred income Acctued expen8e8 J5,667 11,668 4,736 34,056 23,474 4.936 6,284 2,407 175,000 9,835 109.601 198,462 ii. LEAsG AGREEMENTS mXUm l¢hse p8yTrents uDdeT non-c8ncellabl¢ operntitig leases fall due as loUow8: 31.324 31.3.23 Within ooe yellr 20.660 20,660 IL PROVISIONS FOR LIABILITIES 31.3,24 31.3.23 Provi3i¢)ns 28,600 14,100 13, OVEMENT Ir4 FUNDS Net movemcul in fuads At 31.3.24 Al 1.4.23 Uure¥trtcted fullds GEneral fund 110.298 (29,085) 81,213 Rejlrlcted funds Henry Sn)ith In]provio8 LIV 222-2025 BBC CN 2021- 2023 Royal Navy Royal M]ne Charity Portsffjouth Parent Voi¢e 2023-2025 Portsmouib Ctty CouncKI Strollger Future8 Potsmoutb City CoutLciI Family Hubs BBC CIN 2023-2026 11,036 (1.344) 8,008 105 4.156 31,270 3,677 198.147 1,502 19.1144 (1,239) 4.156 31.270 3,677 198,147 1,502 9,692 246,865 256,557 TOTAL FUNDS 119.9Y) 217,780 337,770 Pag¢ 16 CODtinucd...
Home Notes to in8ncÉal StateTnents- continued Year Ellded l Marcb 2024 13. MOVEK&flT IN FUNDS- Continued Net movement in fim(L% iluded in the abov¢ 2re as follows: tn¢oming Resources Movement Uryrestrlcted fuDds General fund 244.895 (273.980) (29.085) Restiicted funds Henry Smith tToprovin& Lives 2022-2025 BBC CtN 2J21- 2023 Royal Navy Royal Marine CbaTiry Portsmouth Parclli Voice 2023-2025 Portsmouth City Council Stronger Futures Portsmouth City Council Family Hubs BBC CIN 2023-2026 50,174 8,715 29,Th)1 62.101 53,259 599,078 26,644 (42.166) (8,610) (24.845) (30,831) (49,582) (400,931) {25,142) 8,008 105 4,156 31,270 3,677 198,147 1.502 828,972 (582,107) 246,865 TOTAL FUNDS 1,073,867 (856,087) 217.780 ComparatlY¢s for moveinent th funds mov¢m¢nt in fvnds A¢ 31.3.23 At 1.4.22 Uttrestrlcted funds General fijlld 118,054 (7,756) 110.298 Rwtrlcled funds Henry Sn)ith In)provinB Lives 222-223 BBC CtN 2021- 2023 11.036 (3,266) 11.036 (1.344> 1.922 1,922 7.770 9,692 TOTAL FUNDS 119.976 14 119,990 COwativ¢ aet movement iti fimds. inclth in the above are &8 follows: tncomin8 Resource8 expended Movement in fimds Unrestrlcted funds Genera] fund 260,251 (268,007) (7.756) Restiicted funds He[ Smith Improving Lives 21Y22-2025 BBC CtN 2021- 2023 36.451 35,125 (25,415) (38,391) 11.036 (3.266> 71,576 (63.806) 7.770 TOTAL FUNDS 331.827 (331,813) 14 Pw17 continued...
Home4tsrt Po ou Noies to the F. cÈal stat¢ellts- coTht5llued Y[ EndEd 31 hfatch 20 13. Mov&hNT IN FUNDS- continued A cutyellt year 12 months and prior year 12 CobIlled position is as follows: N¢t movement in fimds At 31.3.24 At 1.4.22 Unrestrlettd fvnds General (und 118.054 {36,841) 81,213 Restrlcled funds Henry smith Improving Lives 2022-2025 BBC CtN 2021- 2023 Royal Navy Royal Murine Chatity Portsmouth Pallt Voice 2023-2025 Portsmouth City Council Stronger Futures Portsmouth City Council Farnily Hubs BBC CIN 2023-2026 19,044 (3,161) 4,156 31.270 3,677 198.147 ,502 19,044 {1,239) 4,156 31.270 3.677 198.147 1.502 1.922 1,922 254.635 256,557 TOTAL FUNDS 119,976 217,794 337,770 A currelll year 12 moulbs and prior y¢ar 12 moDths cotnbill net IDovement in fiuds, included LD the 4bove are 05 follow8.. Illcomitig Resouwes expended Moyement Unre$trl¢led fvnds G¢llernl fAwd 505,146 (541.987) (36,841) Rutrlcted funds Hetuy Smith tmprovin8 Lives 2022-2025 BBC CIN 2021 . 2023 Royal Navy Royal Marine Charity Portsmouth Pamt Voice 2023-2025 Ports]nouth City Council Stroogcr Futur Portsmouth City Council Fotllily Hubs BBC CtN 2023-2026 86.625 43.840 29,1 62,101 53,259 $99.078 26,644 (67,581) (47,1)01) (24,845) (30,831) (49,582) 14111.931) (25,142) 19,044 {3,161) 4,156 31,270 3,677 198,147 1.502 900,548 1645,913) 254.635 TOTAL FUNDS 1,405,694 (1,187.9(M)) 217,794 Pag¢ 18 cootinucd...
the Finacial S&tetnen rrtheyear arch20 14. RELAfED PARTY DISCLOSIJRES Thwe were no relakd pw transaction5 forihe year endcd 31 2024. Page 19
Home-start PoTtsmouth Detailed Ststemeot of Fit]ancia for the Yea 24 31.3.24 31.3.23 COME AND NDOWMKNTS Dollatlons and legades Sales Donations 1,043,714 20.861 321.629 8.374 1.064.575 330.003 tnvtitment Income Dcposit a¢count interest ' 9292 .824 Tol#l lll¢onthig resources 1.073.867 331.827 EXPENDrruRE Support eo8t8 Personnel Wages Social security Pen5lO#S Travel & subsistence Training R¢cTUitmenl Sub¢ontracl laknut 417,843 29,124 11,853 6,544 219279 13,527 7,692 2,155 871 8,851 194,000 668,215 243.524 Fthance Bgnk cbarges 79 VolMDleers Travel & sub8isience Training DBS Checks Mtscell4neou8 3.283 19,977 1.405 429 3.086 2,582 680 046 25,094 6,994 Fimllles Events Refre8hm¢tkts Cr&be 5353 2.539 26,396 4.217 693 24.355 34288 29,265 OvÈrhe*ds Insurance Communications Prcmises and equipttmt Expcllse Carried fonvard 1,747 20,544 34,199 56,490 1,446 15.072 14,396 30,914 This page does noi forn] part of tb¢ slatutory fjnancial statemellts Page 20
Start Portlouth Detsiled State]nent Df Financi81 Activiti or the Y Ended JI Marcb 2024 31.3.24 31.323 Overli*ads Brought forward AdvertTsing aDd PTomotions TtG to HSUK Offic¢ c(Ists 56.490 4,763 19,399 1,613 30,914 3,871 5,973 1,390 82265 42,148 Governanee Costs AuditOTS' remuneration Audi13, remunerdtion for non audit work Provssion for tUre costs Consultancy .6l2 14,500 28,034 890 8,400 120 46,146 9,810 Totsl resources exp¢nded 856,087 331.813 Net Income 217.780 14 This p88c dtX5 not forni wt of the statutory financial 518tCXllrnts Pagc 21