REGIsTE￿D 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 paT￿ts 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 POrtsU￿yth and its environs.
Our Vision
Home.StOrt Po¥tstnouth wants lo help build a community ID wbich every pon)Vcarer bas the ￿jp￿rt 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 P￿Ents & VQiC¢ ID Ih¢cotsuuuDity.
Page I

ouib
rtoftheT
Ended 31 March 2024
STRATKGIC REPORT
Achievement and perfoTtll8nce
Hume-stsrt Po￿T￿OUth 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 sup￿1 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 orgallis4lio￿I 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 kI￿Ck-On effect of rapid growth on the
logistics of t￿￿1￿8 the Or8￿1$￿￿￿￿. What we didnl change were our core v8lu¢$ 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 off￿nI]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 i￿lude. . 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 fi￿de￿.
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
O￿le 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 I￿ge1 in our Bwin&88 Plan. This has been ably achieved througb our DQW
established Funth7iSiU8 & COrr￿￿u￿iCatIO￿s Manager post whicb enabled us 10 a1tr8cI tnore volunteers. local
fijnders, and individual donor5. Source of Don restri¢ted irLcome now [eprtt￿ts 22/• of our lot81 income.
Internal buS￿lesS 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 oppOrti￿tics).
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 M￿ch 2024
Thc B0￿d of TNst¢¢s, iocluding thc Chalr b&s rcn)ained strong and relatively stable team througbout this dell￿￿ding
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$tribul¢d over th¢ 2 year
Ontract period.
Henee the surplus reported for this finan¢i41 ye4r, was onlicipaled as part of the colltract bi4 and will be rcquired to
offset an expe¢ted defi¢it of similar vaiue. whith will be incwred ID the 24125 f]DaDcial year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng doeument
The charity 18 Corttrolled by its Boverning documeAL A deed of trvsu and constt'thtes 8 limited compony> limit￿ by
guarantee. 18 defined by the Corllpatties Act 21K>6.
Management Board
Governing document
The ch￿lty is controlled by its 8overnin8 docwneDL 8 d¢ed of twsL Aud ¢ODStttul¢8 a iimit¢d ¢OEUP8lly. limit¢d by
guarantee, ￿ defincd by the Cornpanies Act 2006.
BOo￿ 0fTn￿¢S
The Chatity 1$ 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 Tn￿tee8 meets monthly (o review busiti&8s perfoTUWK¢ alld risk to en5WC tbc Clwity's operdtioll is
fit￿nciallY sustainable and that the perfornlance objectives are mei in lille with the B￿lineSS Plall.
Pagc 3

tart PortSTnouth
ort of the T￿￿tteS
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 4￿cIal 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. Vin￿e5 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 {rc81￿d 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 t￿Ste£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 Aecep*d Acc04mtin8 P￿￿]ee).
COEnP￿Y 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 th￿SteeS 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 c￿sUre that the financial statements co￿)]Y with
thc CoTnpanies Act 2006. They are also reSpO￿tbIe foT safegu8rdin8 the assets of the cb*itable 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 cl￿n￿ble cOrnpan￿3 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 LI￿11￿£ 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 beh￿r by:
Ms H A Cook. Trustee
Page 5

ort of the tnd
udit0￿ to the T￿Lste￿ of
tart Portsmouth
Oplnlon
We Iiave audited the fiDallcial 5t8tcments of Homc-start POrtsm￿th (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 compan￿5 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 Uni*d 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 fin￿￿cIal sthtements in tbe UL including th¢ FRC'Y Btbieal Standar
8t￿ w¢ have fulfilled our other etbical responsibilities in ￿¢0rdat￿e 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 rel*tlng to going concern
In auditing thc fittattcial statements. we hav¢ ¢on¢luded that the INslecs' use of the going ¢on¢em b￿18 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 $I￿1￿Ca￿t doubt on the ehAtitsble cotrpallys ability to con¢iDU¢ as a going
onc¢m for a period oral le451 twelve months from when the financial sratements are authorised for is8UC.
Our responsibilitiey and the re4)0ti8ibiiities of the tr￿te￿9 witb rtspect lo goiug concern are descTib¢d io the relevant
Sections of this report.
Other illform#tton
The tNStee$ 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 ￿Ur￿Ce 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 infOrn￿￿On is mal¢rially ineonsistent with the financial sla¢emenL8 or our knowledge
obtAined in th¢ 8udit or othen¥ise appea￿ to be rnarerially n￿￿tated. 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 ￿le￿￿elVes. 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 TT￿Sle¢S is Ill￿D$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 a￿e¢01¢llt with the accounting records and returns: or
we have Dot received all the infonDatioD aud explanatio￿8 we require for our audit.
Pag¢ 6

theln
endent Auditrjts lo theTn￿lets 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¢u￿nL whcthcr duc lo fraud or ¢rror.
tn preparing the fiDancial ststements. tbe In￿t¢￿ 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 deSi￿ed audit PTocedures to respottd to the ri8k, recO￿ls1￿g tbat the risk of Dot detecting & material ￿7$61￿tement
due lo fraud is trligber than the risk of noi de￿¢tIng one resuliing from e￿Or, 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 r￿n.ComPlIall¢¢ with laws and regulations.,
- E',.valuatiort of controls d&si￿ed 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 tramactio￿8 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 ￿tt￿r)ll. illcluditjg testing jounja
and evaluating wtLether there was eYideDce of bia8 by the directors that rep￿Sented 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
Independent￿vd￿tor8.
The previous yeaTS accounts were below the audii th￿S￿OI￿£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 l￿dertaken so that we rni￿t $trt¢ to tbc ctwitable
CoMpan￿S 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 coMpan￿S 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 ENDOw￿￿TrrrS ITROM
Donatior]s ond legacies
235.603
828,972
1,064,575
330,003
LuV￿tm¢a1 income
9,292
9292
1.824
Total
244,893
828.972
1.073,867
331.827
ExPEr￿lTURE 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
fil￿d5
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
256￿51
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 fi￿d8
13
81,213
256.557
110,298
9,692
TOTAL FUNDS
337,770
119,990
The cbarÈtable coMp￿Y 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 2￿6 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 a￿d wbich othenyise comply with the rEqWTEments of the Cotnpanies Act
2006 r¢5atiA8 tD fjnanciai stalrttmts. so far ￿ appli￿ble 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- T￿￿te
The nots fomi pth 0[th￿B 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 re￿iVed
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
ACtI￿tIes)
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 E*en tJ]adE for income Whe￿ a portion relates to the next financial ye&r. atld
the appTopriate an)ount of deferred in￿lUc b&$ beeD d1￿105cd in the balallee sbeet os a liability aceorditigly.
E￿endItUre
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 ¢I￿l￿ble 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 Ch￿lty. Restiictiotis
ise wben $pecified by the donor or fullits are rnised for p¥rti¢￿ar restric*d 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 FiD￿CIal 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 [NCoP￿lEXPENDlTlwRE}
Net incomeJ(eXp¢nditU￿) is stated ifter cbhrgiDpl(creditin&)".
31.3.24
31.3.23
Auditors, [￿nI￿eration
Auditors, r￿UlleratiOll 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 tr￿81e&s have bEen rettllbU￿ed trdv¢l 8nd subsiste1￿C expettses #nd IT S¥Jb￿riptiOn Gosts during th¢ p￿10a 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 FIll￿l¢￿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 C￿ditorS
ACen￿lS 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.
LEAs￿G AGREEMENTS
m￿X￿Um 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￿ 2￿22-2025
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% i￿luded 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 2￿22-2￿23
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
COwa￿tiv¢ 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&h￿NT IN FUNDS- continued
A cutyellt year 12 months and prior year 12 Co￿bIlled 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 Pa￿llt 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 Fina￿cial 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 Port￿louth
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
Audi￿13, 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