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2023-03-31-accounts

Charity registration number 1132416

Company registration number 07007031 (England and Wales)

HOME-START ARUN, WORTHING & ADUR

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

HOME-START ARUN, WORTHING & ADUR

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr V J Mewett
Ms K Sharma
Mr T Ridgway
Ms H Higginson
Ms L E Jackson
Mr S G Singleton
Ms J M S Sax
Mr E Fry (Appointed 24 November 2022)
Ms H Baker (Appointed 24 November 2022)
Secretary Mr E Fry
Charity number 1132416
Company number 07007031
Registered office 5C Park Farm
Chichester Road
Arundel
West Sussex
United Kingdom
BN18 0AG
Independent examiner Oliver Read FCCA ACA
James Todd & Co Limited
1 & 2 The Barn Oldwick
West Stoke Road
Lavant
Chichester
West Sussex
England
PO18 9AA

HOME-START ARUN, WORTHING & ADUR

CONTENTS

Page
Chairman's statement 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

HOME-START ARUN, WORTHING & ADUR

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2023

Seeing the worst of the pandemic behind us was a relief but one short-lived as families who scraped through that difficult time are now faced with the cost-of-living crisis.

A survey sent to our families in January found:

Alongside emotional support, our volunteers and staff have provided more practical support than ever, either with goods donated directly to us, or by acting as a conduit with services such as the Foodbanks, Baby Bundles, Citizens Advice and local Housing Departments.

Remaining sustainable and able to deliver a meaningful service in a time of great need for families with young children, has meant some hard decisions for our trustee board. With our Chief Executive, we have had to plan for the continuing cost-ofliving crisis, not just for the families we support, but also for our service. A planned reduction in resources to meet our projected income, affects our team and the number of families we can support. Our aim though is one of re-growth once multi-year funding has been secured.

The coming winter period will see secured funding enabling us to support families to save energy and to make the most of the food budgets. Local knitters are preparing Warm Packs for children and parents, and we will regularly speak to families about how they are coping.

We continue to upskill our staff team, with everyone having completed Equity, Equality, Diversity and Inclusion training, which is now being rolled out to our volunteers.

The financial climate does pose some concerns, but the proactive approach taken by our board gives the staff and volunteer team, our referrers, funders and, most importantly, families that we will be here for the foreseeable time ahead, helping to build happier futures for children in our community.

Mr V J Mewett

Chair

Date: 23 November 2023

HOME-START ARUN, WORTHING & ADUR

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Home-Start Arun, Worthing & Adur (HSAWA) support families that most need help and engages those who feel isolated from their community. We provide a preventative and early intervention service, focusing on the strengths of the family and encouraging the uptake of relevant support. All our services are free at the point of access.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding the activities of the charity.

Achievements and performance

Volunteers and families

During 2022/23 52 volunteers, 10 trustees and 13 members of staff ensured 400 children in 202 families were supported over the year.

Other facts from the year include:

Referrers

Referrers tell us how our support “can often prevent escalation to social care services, therefore saving money further down the line”, and that “without their expertise, knowledge and compassion many families would be in dire situations”.

Their own resources are stretched to capacity and so “the (Home-Start) support given reassures us as professionals that the family is having extra input on a practical basis which we are unable to offer, this in turn supports mental health which is vitally important”.

Financial review

Funding

At the beginning of 2023, we were facing a high deficit. Whilst a real challenge for our fundraiser, her dogged determination saw us ending 2022/23 with an almost balanced budget. Indications are that the coming few years are going to see further challenges in the fundraising landscape, which includes seeing many small charities closing. Our trustees have taken the difficult decision to reduce our costs in order to ensure the sustainability of our service, with the aim of growth once funding has been secured.

Reserves policy

The trustees have considered the required level of reserves, appropriate to the charity’s need. The aim is to hold 5 months of expenditure as a reserve. This is based on the charity’s size and the level of financial commitments. The trustees aim to ensure that the charity will be able to continue to fulfil its charitable objective even if there is a temporary shortfall in income or increase in expenditure. The trustees endeavour not to set aside funds unnecessarily. At the end of the year the charity had a total fund value of £140,354. The free reserve of the charity was £114,503 - this includes the designated fund we hold as part of the Reserves Policy. The trustees aim to hold 5 months of Reserves and the charity budgets this to have been £103,846 in 2022/23.

HOME-START ARUN, WORTHING & ADUR

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

Home-Start AWA is a registered charity and a company limited by guarantee. It is regulated by the Charity Commission. The charity is governed by a board of 10 trustees, at the time of signing (who, for the purpose of company law, are also directors of the company), which oversees Home-Start AWA in the public interest in accordance with the charitable objects and powers contained within the Memorandum of Association and Articles of Association. The board has responsibility for setting the strategic direction of the charity, ensuring that proper financial arrangements are in place, and ensuring that Home-Start AWA remains focused on delivering its outcomes for the benefit of the public. The board appoints a Chief Executive to manage the day-to-day operations of the charity.

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit and the Charity Governance Code (for smaller charities). In 2023/24 the board intends to continue benchmarking its governance against the principles in the Charity Governance Code. The annual trustee skills audit will see the recruitment of new trustees through an open and competitive process. New trustees receive an induction to brief them on their responsibilities, the charity’s strategy and business plans, and key activities. Trustees are offered the opportunity to attend additional training events, which in 2022/23 included governance related tropics, safeguarding and data protection.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr V J Mewett Ms K Sharma Mr T Ridgway Ms H Higginson Ms L E Jackson Mr S G Singleton Ms J M S Sax Ms M T Abrahams (Resigned 24 November 2022) Dr G Hobson (Resigned 24 November 2022) Ms S Hepburn (Resigned 25 May 2023) Mr E Fry (Appointed 24 November 2022) Ms H Baker (Appointed 24 November 2022)

Declaration of beneficial interests

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Managing Risk

We continue to analyse risks to the charity at every bi-monthly board meeting. The top four risks on the charity’s risk register, along with summary mitigations, at the end of 2022/23 financial year were as follows:

HOME-START ARUN, WORTHING & ADUR

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

Risk Mitigations and Actions
An increase in more complex needs, including for
financial & mental health issues. These require
more intensive support for volunteers and staff.

Keep robust triaging operation in place. Focus on the recruitment,
training and support of new volunteers. Ensure high quality support
for staff and volunteers.
Insufficient income/funding to run the charity at
current/planned levels
Cause(s): weakened economy resulting in reduced
grant/contract/ funding opportunities; reduced
fundraisingopportunities.


Remain flexible in order to respond to the downturn in the economy
and pressure on funders.
Prioritise diversification of fundraising, including exploring new
fundraising streams and support from the local community.
Change of national, regional or local policy
resulting in reduced resources: (financial, people,
buildings etc.

Ensure trustees and senior staff keep abreast of any likely and
planned policy change internally and externally.
Home-Start AWA operating model no longer fits
the operatingenvironment
Keep the model under review at regular Board meetings.
Engage with H-SUK strategyreview.

Plans for 2023/24

The charity’s priorities are driven by its Strategy and Operational Plans. Our overarching priorities for 2022/23 are:

Work with a diverse range of families who find themselves in challenging circumstances

Grow and develop our volunteer network, ensuring we continue to deliver most of our support through volunteers

Raise our local profile while increasing engagement with the wider community

Our Strategic Plan is currently being reviewed and a refreshed version will be shared on our website.

Declaration of beneficial interests

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

Mr V J Mewett Trustee

23 November 2023

HOME-START ARUN, WORTHING & ADUR

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HOME-START ARUN, WORTHING & ADUR

I report to the trustees on my examination of the financial statements of Home-Start Arun, Worthing & Adur (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Oliver Read FCCA ACA

James Todd & Co Limited 1 & 2 The Barn Oldwick West Stoke Road

Lavant Chichester West Sussex PO18 9AA England

Dated: 27 November 2023

HOME-START ARUN, WORTHING & ADUR

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
106,288
132,748
Other trading activities
4
3,025
-
Investments
5
182
-
Total income
109,495
132,748
Expenditure on:
Raising funds
6
2,902
26,798
Charitable activities
7
86,731
133,533
Total expenditure
89,633
160,331
Net income/(expenditure) and
movement in funds
19,862
(27,583)
Reconciliation of funds:
Fund balances at 1 April 2022
94,641
53,434
Fund balances at 31 March 2023
114,503
25,851		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
239,036
24,547
203,427
3,025
6,302
-
182
14
-
242,243
30,863
203,427
29,700
3,765
23,627
220,264
31,422
168,648
249,964
35,187
192,275
(7,721)
(4,324)
11,152
148,075
98,963
42,284
140,354
94,639
53,436		 Total
2022
£
227,974
6,302
14
234,290
27,392
200,070
227,462
6,828
141,247
148,075

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HOME-START ARUN, WORTHING & ADUR

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
17
Unrestricted funds		 2023
£
4,629
143,967
148,596
10,463		 £
2,221
138,133
140,354
25,851
114,503
140,354		 2022
£
12,289
141,368
153,657
8,920		 £
3,338
144,737
148,075
53,436
94,639
148,075

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 23 November 2023

Mr V J Mewett

Trustee

Company registration number 07007031 (England and Wales)

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Home-Start Arun, Worthing & Adur is a private company limited by guarantee incorporated in England and Wales. The registered office is 5C Park Farm, Chichester Road, Arundel, West Sussex, BN18 0AG, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

The trustees accept there is increased uncertainty, but given the track record of the organisation to provide social impact to its beneficiaries, they believe that there are no material uncertainties about the Charity's ability to continue as a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds are set aside by the trustees out of unrestricted general funds for specific purposes or projects.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

3
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
104,288
23,000
Charitable grants
2,000
109,748
106,288
132,748		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
127,288
24,147
60,000
111,748
400
143,427
239,036
24,547
203,427		 Total
2022
£
84,147
143,827
227,974

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising events 3,025 6,302
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 182 14

6 Expenditure on raising funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Fundraising and publicity
Advertising
-
131
Other fundraising costs
225
3,534
Staff costs
2,677
23,133
2,902
26,798		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
131
-
175
3,759
754
7,705
25,810
3,011
15,747
29,700
3,765
23,627		 Total
2022
£
175
8,459
18,758
27,392

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Expenditure on charitable activities

Charitable Charitable
activities activities
2023 2022
£ £
Direct costs
Staff costs 120,905 113,143
Depreciation and impairment 1,116 1,129
Administrative expenses 2,521 -
Property costs 12,776 11,449
Activities (inc FACT) 600 1,120
Counselling 11,879 7,308
Family groups 29,647 25,657
Travel and subsistence - staff 121 -
Volunteer costs 78 3,595
179,643 163,401
Share of support and governance costs (see note 8)
Support 32,011 29,024
Governance 8,610 7,645
220,264 200,070
Analysis by fund
Unrestricted funds 86,731 31,422
Restricted funds 133,533 168,648
220,264 200,070

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

8 Support costs

Support costs
Governance
costs
£
£
Staff costs
15,268
-
Administrative expenses
5,487
-
Telephone and IT
3,920
-
Training and recruitment
3,622
-
Travel and subsistence
3,391
-
Website
323
-
Independent examination
-
1,513
Legal and professional
-
6,897
Consultancy
-
200
32,011
8,610
Analysed between
Charitable activities
32,011
8,610		 2023 Support costs
Governance
costs
£
£
£
15,268
13,456
-
5,487
6,320
-
3,920
3,212
-
3,622
1,093
-
3,391
653
-
323
4,290
-
1,513
-
715
6,897
-
6,123
200
-
807
40,621
29,024
7,645
40,621
29,024
7,645		 2022
£
13,456
6,320
3,212
1,093
653
4,290
715
6,123
807
36,669
36,669

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

Charitable activities
Management and administration
Total
Employment costs
Wages and salaries
Other pension costs		 2023
Number
11
3
14
2023
£
157,172
4,811
161,983		 2022
Number
8
3
11
2022
£
141,750
3,607
145,357

There were no employees whose annual remuneration was more than £60,000.

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Cost
At 1 April 2022
At 31 March 2023
Depreciation and impairment
At 1 April 2022
Depreciation charged in the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Fixtures and
fittings
£
27,882
27,882
24,544
1,117
25,661
2,221
3,338
2023
2022
£
£
23
9,101
4,606
3,188
4,629
12,289
2023
2022
£
£
3,042
2,894
4,874
2,331
970
850
1,577
2,845
10,463
8,920		 Fixtures and
fittings
£
27,882
27,882
24,544
1,117
25,661
2,221
3,338
2023
2022
£
£
23
9,101
4,606
3,188
4,629
12,289
2023
2022
£
£
3,042
2,894
4,874
2,331
970
850
1,577
2,845
10,463
8,920
27,882
24,544
1,117
25,661
2,221
3,338
2022
£
9,101
3,188
12,289
2022
£
2,894
2,331
850
2,845
8,920

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

15 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £4,811 (2022 - £3,607).

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2022 Incoming Resources At 31 March
resources expended 2023
£ £ £ £
General funds 94,641 109,495 (89,633) 114,503
Previous year: At 1 April 2021 Incoming Resources At 31 March
resources expended 2022
£ £ £ £
Reserve fund 45,000 - - 45,000
General funds 53,963 30,863 (35,187) 49,639
98,963 30,863 (35,187) 94,639

The trustees have reviewed the charity's needs for reserves last year in line with guidance issued by the Charity Commission and consider it prudent that designated reserves should be sufficient to cover:

The trustees believe that reserves should be at least at this level to ensure the charity can run efficiently and meet the needs of the beneficiaries. Trustees monitor the level of unrestricted reserves at each Management Board meeting. The Designated Funds are wholly represented by the Charity's cash reserves.

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Income Expenditure Balance at Income Expenditure Balance at
1 April 2021 1 April 2022 31 March 2023
£ £ £ £ £ £ £
Garfield Weston - - - - 15,000 (3,604) 11,396
Children in Need 12,976 25,075 (33,844) 4,205 34,101 (35,173) 3,133
Children in Need - Dads 175 9,101 (8,333) 943 9,101 (10,044) -
Children in Need - Money Heroes - 1,000 - 1,000 - (1,000) -
Children in Need - Cost of Living - - - - 500 (500) -
Homity Trust - - - - 1,000 - 1,000
Postcode Lottery - - - - 17,830 (17,320) 510
Henry Smith 1,100 - (1,100) - - - -
HSUK BHBF - 3,135 (1,572) 1,562 - (1,562) -
HSUK 3,316 - (3,316) - 250 (250) -
The National Lottery Community Fund 1,320 47,416 (45,116) 3,621 47,966 (45,595) 5,992
Kelly Family - 5,000 (1,348) 3,652 - (3,652) -
Lions - 100 (100) - - - -
Basil Shipman Trust - - - - 500 (500) -
Roddick Foundation 20,000 25,000 (24,225) 20,775 2,500 (21,284) 1,991
Sussex Community Foundation - 15,000 (169) 14,831 - (13,012) 1,819
The Michael and Betty Little Trust - 15,000 (15,000) - - - -
Town/ Parish Council - Volunteers 552 1,000 (1,552) - 4,000 (3,990) 10
Crowd Funding 2,845 - - 2,845 - (2,845) -
42,284 146,827 (135,675) 53,434 132,748 (160,331) 25,851

HOME-START ARUN, WORTHING & ADUR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

18 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
2,221
-
Current assets/(liabilities)
114,782
23,351
117,003
23,351
Per balance sheet
114,503
25,851
Balance to allocate
(2,500)
2,500
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
1,242
2,096
Current assets/(liabilities)
93,397
51,340
94,639
53,436		 Total
2023
£
2,221
138,133
140,354
140,354
-
Total
2022
£
3,338
144,737
148,075

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).