COMPANY REGISTRATION NUMBER: 06636439 CHARITY REGISTRATION NUMBER.. 1124943 Home-start Portsmouth Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 JOHNSTON WOOD ROACH LIMITED Chartered accountants 24 Picton House Hussar Court Waterlooville P07 7SQ
Home-start Portsmouth Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure aGGount) Statement of financial position Statement of cash flows Notes lo the financial statements 10
Home-start Portsmouth Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity for Iho year ended 31 March 2025. Reference and administrative details Registered charity name Home-slart Portsmouth Charity registration number 1124943 Company registration number 06636439 Principal office and registered The Haven office 17 Lake Road Portsmouth Hampshire P014 4HA The trustees Anita Woodcock Beverley Vaughan Hayley Cook lain Cooper Linda Jenkins Joanne Goodship Andrew Osborn Tarnia Sirnmons Simon Benfield Susan Bland (Relired 27 November 20241 (Appointed 16 October 2024) {Appointed 16 October 2024) Independent examlner Kale Wo(yl FCCA 24 Picton House Hussar Couri Waterlooville P07 7SQ
Home-start Portsmouth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Structure, governance and management Governing document The charity is controlled by its governing document, a deed of Irust, and constitutes a limited company, liniited by guarantee, as defined by the Companies Act 2CK)6. Management Board Governing documenl The charity is controlled by its governing documenl. a deed of trust. and conslitules a limited company, limlted by guaranlee. as defined by the Companies Acl 2006. Board of Tnjstees The Charily is governed by the Board ofTruslees whose members are identified below. The Board have considerable expertise in business managemenl, finance, children's seNices. and safeguarding. Operational Structure and De¢iston Making The Board of Trustees delegates responsibility for the day lo day running of the Charity lo a Chief Executive Officer who reports directly lo the Board. Decisions on mallers of policy and strategy are eilher laken or ralified by the Board whilst day lo day operational decisions are taken by the CEO and Leadership Team. The Board of Trustees meets monthly lo review business performance and risk lo ensure the Charily's operation is financially sustainable and Ihat the performance objectives are mel in line with the Business Plan. Risk management This Board has a duly lo identify and review the risks lo which Ihe Charity is exposed. Through a process of regular review, the Board priorilise and ensures'.- 1. Appropriate processes and conlrols are in place lo safeguard children and in addition, three special advisers support Ihe Board in this important area. 2. Sufficient Income is generaled, and reseNes protected for a suslainable operation that is able lo meet il's objectives. There is a Business Plan in place detailing performan objectives to meet the strategic goals. 3. Appropriate controls are in place to provide reasonable assurance against fraud and error Some other areas of risk reviewed and managed include conlraclual commitments and legal compliance; rising Costs in the curTenl economic climale,. staffing,. cyber security, volunteer recruitmenv relenlion and performance,. and Ihe unknown {war, viruses etc)
Home-start Portsmouth Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (tontlnuedj Year ended 31 March 2025 Objectives and activitles Objectives and aims Home-start Portsmouth exisls.. To safeguard, protect and preserve good health bolh mental and physical of children parents and carers of children b. To prevent cruelty to or maltrealmenl of children c. To relieve sickness, poverty and need amongst children and parenls and Garers of children d. To promote the education of the publi¢ in beller standards of child care within Portsmouth and its environs. Our Vision Home-slart Portsmouth wants to help build a community in which every parentlcarer has the support they need lo give their children the best possible slart in life. Our Misslon We are here lo enable parents lo be the best parents they can be for Iheir children by offerlng them fflendship, menoring. upskilling and practical %upport Ihrough volunteer home visillng. parenting and child development programs. stay & play groups and giving parents a voice in the community.
Home.Start Portsmouth Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnue(lJ Year ended 31 March 2025 Achievements and performan In our last report, ending 31 March 2024, we reporled our most successful year to date becoming a £1 million+ turnover charity, more than doubling our staff numbers, and increasing the number of families we supported in Portsmouth by 10°A. We ar6 pleased to report that in 2024125, we have.. Maintained a similar bul slightly le55 income of £961,109 Supporled 2011 families - (in increase of 527 from last yearfs 1.484 Seen 8 further increase in staff numbers to 29 Malnlalned our volunteer numbers of 120 We continued lo deliver our cor6 home-visiling support to families most in need across our city, alongside Ihe Family Hub and Start for Life programme which includes home-visiling. parentlng courses and support through our Family Hub Champions. We deliver nuriuring and school readiness programmes, stay and play groups and targeled work lo support naval families. We deliv6r parent engagement through Portsmouth Parent Board, Porismoulh Parent Voice and Family Forums, and we have an enhanced offer for anlenalal resulls and choic8s. perinatal mental health and dads. support. This reflected our business plan objectives for 2024125, which included'.- Maintaining a focus on supporting Children under 5 and an enhanced offer for the perinalal period- Maintaining an annual Income of c.£lmillion and to diversify funding streams, including becoming social value ready Increasing our volunteer numbers Ihrough flexible training courses, opportunilies for upskilling and regular volunteer events - Raising the profile of the charity through city-wide events, parlnerships with local organisalions. and increased PR, communicalions and marketing - Relainin9 a molivaled, trained and ftexlble In-house team lo deliver quality, valued SeiCe$ In a challenging year financially and personally. our stsff showed incredible leadershlp. motivation and willingness lo deliver our promise lo support families in Portsmouth. Our success would not have been possible without the strength of the team who came together this year io support each other and thos8 most in need. Inlemally, we have introduced a wellbeing programme for staff, including dedicaled workshops and one- to-one support.. we've completed safeguarding audits, governance reviews and Home-start UK'S self_ 8ssessmenls,' and we'v8 become a living wage employer, financial regulator organisation and gained our cyber essentials accredilalion. Our Board of Trustees has welcomed two new members, wilh two exisling members stepping down, and our Interim Chair of Trustees became our permanent Chair in July 2025. We have oulstsnding applications for additional Board members currently, and a wealth of knowledge across the Board to support us in achieving our objectives for 2025126. As we look ahead to the nexl financial year, we focus on delivering the extended year of the Family Hub and Start for Life programme, our existing offer and additional programmes through additional funding. and continuing to grow our outreach. our presence and our services in Portsmouth. We remain incredibly thankful lo our funders. staff and volunteers, without whom, none of our support for families would be possible. We are immensely grateful for another susSful year of operation.
Home-start Portsmouth Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directorfs Report) {conUnued) Year ended 31 March 2025 Financial r8view Donations and legacies have decreased from £1,064,573 lasi year to £949.311 this year. Expenditure has increased from £856,085 last year to £1,053,395 Ihis year. This is largely due to the increase in salaries. which was £417,485 last year and £631.967 this year. Small company provislons This report has been prepared in accordance with thè provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behatf of Ihe board of Hayley Cook Trustee Charity Secretary
Home.Start Portsmouth Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Home-start Portsmouth Year ended 31 March 2025 I report lo the trustees on my examination of the financial statements of Home-start Portsmouth <'lhe charity'l for the year ended 31 March 2025. Responsibillties and basis of report As the trustees of the company (and also its directors for the purposes of company lawl you aré responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2¢XI6 {'the 20( Act'l. Having salisfi6d myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrying oijl my examlnalion I have followed the Directions given by the Charity Commission under section 145(51(b) of the 2011 Act. Independent examlner's statamenl Slnce the charity's gross income exceeded £250,000 yourexamlner musl be a member of a body listed in seclion 145 of Ihe 2011 Acl. I confirm that l am qualified lo undertake Ihe examination because l am a member of th8 Insliluté of Chartered Ac¢ountanls in England and Wales {ICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my atlenlion In connection with the examination giving me cause to believe-. accounting records wore not kept in respect of the charity as required by section 386 of the 2006 Act: or tha financial stat8menls do not accord with those records: or the financial slalemenls do not comply with the accounting requirements of secllon 396 of Ihe 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which Is nol a maller considered as part of an independent examination; or the financial slalemenls have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financlal Reporting Standard applicable in the UK and RepLtblic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which atlenlion should be drawn in Ihis report in order lo enable a proper understanding of Ihe accounts to be reached. Kate Wood FCCA Independ6nl Examiner 24 Piclon House Hussar Court Waterlooville P07 7SQ
Home-start Portsmouth Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Reslricled funds Total funds Total funds 2024 Unreslficted funds Noto Income and endowments Donalions and legacies Investment income 104,376 11.797 844,935 949,311 11,797 1,064.573 9,292 Total income 116.173 844,935 961,108 1,073,865 Expènditure Expenditure on charitable activities Total expenditure 227,576 825,819 1,053,395 1,053,395 856,085 227.576 825.819 856,085 Net (expenditurelllncome and nel mov6ment in funds (111.403) 19.116 (92,287) 217,780 Reconciliation of funds Total funds brou9hl fomard Total funds carried forward 81,213 256.557 337,770 119,990 337.770 {30.190) 275,673 245,483 The statement of financial activities includes all gains and losses re¢ognised in the year. All Income and expendlluro derive from continuing aclivilies. The notes on pages 10 to 17 form part of these flnanclal slatements.
Home-start Portsmouth Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 12 106,962 393,862 86,142 389,828 500,824 475,970 Creditors: amounts falllng due wlthin one year Net currant assets 13 218,066 109,600 282,758 366,370 Total assets less current liabllitles 282,758 366.370 Wlndlng up provlslon Other provisions Net assets 15 37,275 245,483 28,600 337,770 Funds of the charlty Restricted funds Unrestricted funds 275,673 130,190) 245,483 256,557 81,213 Total charity funds 17 337,770 For th8 year ending 31 March 2025 the charity was entilled to exempiion from audit under secllon 477 of the Companies Act 2006 relating lo small companies. Directors, r6sponsibililles: The members have not required the company lo obtain an audit of its financial slalemenls for the year in queslion in accordance with section 476; The directors acknowledge their responsibilities for complying wilh the requirements of the Act with respect lo accounting records and the preparation of finan(ial stalemenls. These financial slatemenls have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of Iruslees and authorised for issue on and are signed on behalf of the board by.. Hayley Cook Trustee The note$ on pages 10 to 17 fomi part of these financial Statements.
Home-start Portsmouth Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating a1VitieS Net lexpendtturéyincome 192,2871 217,780 Adjustments for.. Other interest receivable and similar income Accrued expenses Other operating cash flow adjustment (11.797) 3,140 (9,292) 15,407 Changes in.. Trade and other dablors Trade and other creditors Provislons and employe8 benefits Cash generated from operations (19,088) 103,594 8,675 64,099 1102,501) 14,500 {7,7631 199,994 Interest received 11,797 9.292 Net C8sh from operating activities 4,034 209,286 Net Increase In cash and cash equivalents Cash and cash equlvalonts at beglnnlng of year Cash and cash equlvalents at end of year 4,034 389,828 209,286 180,542 393,862 389,828 The notes on pages 10 10 17 fomi part of these flnancial statements.
Home-start Portsmouth Company Limited by Guarantee Notes to the Financlal Statements Year ended 31 March 2025 General information The charity is a public benefit entily and a private company limiled by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Haven, 17 Lake Road, Portsmouth, Hampshire, P014 4HA. Statement of compliance These financial stalemenls have been prepared in compliance wllh FRS 102, The Financlal Rtsporting Standard applicable in the UK and ihe Republlc of Ireland,, the Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) {Charilies SORP {FRS 102)) and the Companies Acl 2006. Accountlng policies Basis of preparation The financial slalemenls have been prepared on Ihe historical cost basis, as morjified by the revaluation of certain financial assets and liabilities and investment properties measured at faSr value through income or expenditure. The financial statements are prepared in sterling, which Is the functional currency of the entity. Golng concern There are no material unc8rtainties about the charity's ability lo continue. Judgements and key sources of estlmatlon uncertalnty In preparing the financial slatemenls in accordance with FRS 102, management is requlred lo make judgements, eslimales, and assumptions Ihal aff8cI the applicalion of accoijnling policies and Ihe reported amounts of assets, liabilities. income, and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised if tho revision affects only that period or in the period of the revision and future periods if Ihe revision affects both current and future periods. Fund accounting Unrestricted funds are available for use at the discrelion of the Iruste8s lo further any of the charity's purposes. Designaled funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through Ihe terms of an appeal. and fall inlo one of two sub-dasses: restricted income funds or endowment funds. 10
Home.Start Portsmouth Company Limited by Guarantee Notes to the Financial Statements {conhnued) Year ended 31 March 2025 Accounting policies (eontlnued) Incoming resources All incoming resources are included in the sl8temenl of financial aclivities when enlitlemenl has passed lo the charity., it is probable that the economic benefits associated with the transaction wlll flow lo the charity and the amount can be reliably measured. The folkjwing specific polici8s are applied to partlcular categories of income: income from donallons or grants is recognised when there is evidence of entitlement to the gfft, receipt Is probable and ils amount can be measured reliably. legacy Income is re¢ognised when receipt is probable and enlitlement is established. income from donated goods is measured at the fair value of Ihe goods unless this is impractical lo measure reliably, in which case tha value is dérived from the cost to the donor or Ihe estimated resale value. Donated facilities and services are recognised in the accounts when received If the value can be reliably measured. No amounts are included for Ihe CtJ)Iribution of general volunteers. income from contracts for Ihe supply of services is r8cognised wilh the delivery of th8 Contracted seNice. This is classified as unreslricled funds unless Ihere is a conlra¢lual requirement for il lo be spent on a partiojlar purpose and returned if unspent, in which case il may be regarded as restricled. Resources expended Expendlture is recognised on an accruals basls 8s a liabillty is incurred. Expendilure includes any VAT whlch cannot be fully recovered. and is dassified under headings of the statement of flnanclal activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale ofdonaled goods. expenditure on charitable activities includes all cosls incurred by a charily in undertaklng activities Ihal further ils charitable aims for the benefit of ils beneficiaries, including those support cosls and costs relating to the governance of the charity apportioned to charitable aclivilies. other expenditure includes all 8xp8ndilure that is neither related to raising funds for th8 charity nor part of ils expenditure on charilable activilies. All costs are allocated to expendlture categories reflecting th8 use of the resource. Dlrect costs allrlbulable to a single aclivity are allocated directly to that activity. Shared costs are apportloned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Provi51ons Provisions are recognised when Ihe entity has an obligatlon at Ihe reporting date as a result of a past event, it Is probable thal the entity will be required to transfer economic benefits in selllement and the amount of the obllgation can be estimated reliably. Provisions are recognised as a Ilabilily in the statement of financial position and the amount of the provision as an expense. 11
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements (¢onlinuedJ Year ended 31 March 2025 Accounting policies leonllnued) Provisions (conllnu8d) Provisions are initially measured al the best estimate of Ihe amount required to settle the obligalion al the reporting dale and subsequently reviewed al each reportlng date and adjusted to reflect the current best eslimale of the am(MJnl that wotsld be required to settle the obligalion. Any adjustments lo Ihe amounts previously recognised are recognised in income or expenditure unless the provision was originally recognised as part of Ihe cosl of an asset. When a provision is measured al the pres8nt value of the amount expected to b8 required lo sellle the obligdlion, the unwinding of th discount is recognised as a finance cost in Ihe slalement of financial 8clivilies in the period it arlses, and is allocated lo the appropriate expenditure heading. Financlal Snslruments A financial asset or a financial liability is recognised only when Ihe charily becomes a party lo the conlraclual prowsions of the inslrumenl. Basic financial instruments ar8 initially recognised at the amount receivable or payable including any related transaction costs. CUrnt assets and current liabilities ar8 subsequently measured al tha cash or other consideralion expected to be paid or received and nol discounted. Debt instrumenls are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairmenl. Other financial inslrumenls. including derivatives. are initially reeognlsed at falr value, unless payrnenl for an asset is deferred boyond normal business terms or linanced at a rale of interest that is not a market rate, in which case the assel is measured al the present valu6 of Ihe future payments discounted at a markel rate of inlerest for a similar debt instrument. Other financial instruments are subsequently m6asured at falr value. with any changes recognised in the slalement of financial aclivilies, with the exception of hedging instruments in a designaled hedging relationship, Financial assets that are measured at cost or amortised cosl are reviewed for objective evidence of impairment al Ihe end of each reporting date. If there is objective evidence of impairment, an impairmonl loss is recognised under tha appiopriate heading in the slalement of financial activilles n which the initial gain w8s recognised. For all equity instruments regardless of significance, and other financial assels that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on Ihe basis of similar credit rlsk characteristics. Any reversals of impairment are recognised immediately. lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds %that the carrying amount would have been had the impairmenl not previousty been recognised. 12
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting policie5 (eontlnued) Defined conlrSbullon plans Contributions to defined conlribution plans are recognised as an expense in the period in which the related s8Nice is provided. Prepaid contributions are recognised as an assel lo Ihe 8Xtent that the prepayment will le8d to a reduction in future payments or a cash réfund. When contributions are not expected to be settled wholly within 12 monlhs of the end of the Teporting date in which the employees rerbder the related service, the liability is measured on 8 discounted present value basis. Th& unwinding of the discount is recognised as an expense in Ihe period in which it arises. Llmited by guarantea The charity is controlled by its governing document. a deed of trust, and constitutes a limlted Company. limiled by guarantee, as defined by the Companies Act 2006. Donatlons and legacles The trustees have not been reimbursed any expenses in Ihe year ended 31 March 2025. 5nvestment income Unreslricled Total Funds Unreslricled Tolal Funds Funds 2025 Funds 2024 Bank interest receivable 11.797 11,797 9.292 9,292 13
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 March 2025 ExpenditUTe on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 General fund BBC CIN 2023-2026 RNRMC PCC Farnily Hubs Antenatal Research & choices PCC Dads Outreach PCC Perinatal Outreach Henry Smith Improving Lives 2022-2025 Portsmouth Parent Voice PPV PCC Stronger Futures 227,576 227,576 32,602 30,193 593,656 4,561 10,634 14,396 39,167 100,610 32,602 30,193 593,656 4,561 10.634 14,396 39,167 100,610 227,576 825,819 1,053,395 Unrestricled Funds Reslricted Total Funds Funds 2024 General fund BBC CIN 2023-2026 RNRMC PCC Family Hubs Anlenalal Research & choices PCC Dads Outreach PCC Perinatal Outreach Henry Smith Improving Lives 2022-2025 Portsmouth Parent Voice PPV PCC Stronger Futures 273,982 1.257 33.068 24,270 400,931 275,239 33.068 24.270 400.931 42,166 30.830 49,581 42,166 30,830 49,581 273,982 582,103 856,085 Expendlture on charllable actlvities by actlvlty type Aclivilies undertaken Total funds directly 2025 Total fund 2024 General fund BBC CIN 2023-2026 RNRN1C PCC Family Hubs Anlenalal Research & choices PCC Dads Outreach PCC Perinatal Outreach Henry Smith Improving Lives 2022-2025 Portsmoulh Parent Voice PPV PCC Stronger Futures 227,576 32.602 30,193 593.656 4,561 10.634 14,396 39.167 100,610 227,576 32,602 30,193 593,656 4,561 10,634 14,396 39,167 100,610 275,239 33.068 24,270 400,931 42,166 30,830 49,581 1,053,395 1,053,395 856,085 14
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements {CDntinued) Year ended 31 March 2025 Independent examination fees 2025 2024 Fees payable to the independenl examiner for: Independent examination of the financial statements 1,200 2,000 10. Staff costs The total staff cosls and employee benefits for the reporting period aro analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions lo pension plans 801.963 76.493 15,002 893,458 611,843 51,463 9,094 672,400 The average head count of employees during Ihe yearwas 34 (2024: 32). The averag8 number of full-lirne equivalent employees during the year is analysed as follows.. 2024 No. 2025 Number ol staff 34 32 No employee received employee benefits of more Ihan t60.0 during the yeaf (2024.. NII). 11. Trustea remuneratlon and expenses Ther8 was no trustees rernun8rallon or other bnenefils for the year ended 31 March 2025. 12. Debtors 2025 2024 Trade debtors Prepayments and accrued income 96,866 10,096 83,613 2,529 106,962 86.142 13. Creditors: amounts falllng due wlthin one year 2025 2024 Trade creditors Accruals and deferred incoTne Social security and other taxes Other credilors 30,130 172,892 10.446 4,598 218.066 35,666 57,530 11,668 4,736 109,600 15
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements (eonllnuedj Year ended 31 March 2025 14. Deferred income 2025 2024 Al 1 April 2024 144,546 34.056 15. Windlng up provision Winding up provlsion Al l April 2024 Charge against provision At 31 March 2025 28,600 8,675 37,275 16. Pènsions and other post retSrement benefits Defined contrlbutlon plans The amount recognised In income or expenditure as an expense in relation lo defined contribulion plans was £15,00212024. £9,094). 17. Analysis of charltable funds Unrestricted funds At 31 March 20 25 Al 1 April 2024 Income Expenditure General funds 81,213 116.173 (227,576) 130,1901 Al 31 March 20 24 Al 1 April 2023 Ino)me Expenditure General funds 110.298 244,897 (273,982) 81,213 Restrlcted funds At 31 March 20 25 At 1 April 2024 Income Expenditure Restricted Funds 256,557 844,935 (825,819) 275,673 At 31 March 20 24 At 1 April 2023 Income Expenditure Restricted Funds 9.692 828.968 (582,103) 256.557 16
Home-start Portsmouth Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 18. Analysis of net assets between funds Unreslricled Funds Restricted Total Funds Funds 2025 Curronl assets Creditors less than 1 year Winding up provision Net assets 102,455 398.369 500,824 (95.3711 (122,695) {218.066) (37,275) 137,2751 (30.191) 245,483 275.674 Unrestricted Funds Restricled Total Funds Fund5 2024 Current assets Creditors less Ihan 1 year Winding up provision Net assets 158.774 {48,961) 128,600) 81,213 317,196 475,970 (60,639) {109,600) {28,600) 337,770 256,557 19. Analysls of changes in net debt At Al 1 Apr 2024 Cash flows 31 Mar 2025 Cash al bank and in hand 389,828 4,034 393.862 17