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 2024 Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr V J Mewett MrT Ridgway Ms H Higginson Ms L E Jackson Mr S G Singleton M5JMSSax MrEFry Ms H Baker Secretary MrEFry Charity number 1132416 Company number 07007031 Registered office E2 Amndel Court Park Bottom Arundel West Sussex England BN18 OAA Independent examiner Oliver Read FCCA ACA James Todd & Co Limited Drayton House Drayton Lane Chichester West Sussex England P020 2EW Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR CONTENTS Page Chairman's statement Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-20 Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH2024 As Chair l am always in awe of the remarkable work carried out by our staff and volunteers. l urge you to read the case studie5 on our website IAbout us Home-start Arun Worthin & Adur home-startawa.or and ask the question 'what would the outcome have likely been if Home-start had not been there?, We are operating in an extremely challenging fundraising environment. and at the start of the 2023124 financial year we were faced with a bleak reality. The closure of our charity was a distinct Possibility unle55 we could urgently raise fund5 and reduce our c05t base. So, after much soul Searching and lengthy discussions. we reduced staffing costs through redundancy and a reduction in hours for all staff. We also moved to smaller premises to reduce rent and utility costs. Reduction in our ability to offer services could not have come at a worse time as the cost-of-living crisis had and continues to have a major impact on families in our community. However, through skill. commitment and agile thinking, our staff reshaped our Service so we could continue to 5UPPOrt as many familie5 a5 PO55ible. I pay tribute to our staff for their professionalism and dedication to our mission ensuring minimal impact on our supported familie5. l am pleased to report that due to the ongoin8 generosity of our supporters and donors we are currently in a better position financially. We will not. however. rest on our laurels and our Fundraising Manager continues to look for opportunities to raise our profile and obtain funding to support our ongoing vital ongoing work. The coming year will be demanding but I'm confident that our staff and volunteers will again rise to the challenge, ensuring families are supported so that every child has the opportunity to fulfil their potential. Mr V J Mewett Chair 2411012024 Date: ......................... Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH2024 The trustees present their annual report and financial ststements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Companies Att 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 IFRS 1021" leffective l January 20191. Objectives and activities Home-start Arun, Worthing & Adur IHSAWAI 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 attivities of the charity- Achievements and performance Volunteers and families During 2023124 52 volunteers, 10 trustees and 11 members of staff ensured 330 children in 157 families were supported over the year. Other facts from the year include: 93% felt more involved in their children's development, early learning and socialisation 940A felt better able to listen to children and manage their behaviour - 86% felt more able to manage the household budget 95% said they felt less isolated 890A told us their mental health had improved 96% felt more able to cope with multiple births or multiple children under 5 100% felt children had benefited from their Iparentsl counselling Referrers Referra15 come to Us from a range of 5UPPOrt services, m05t notably. Health Visitors and Family Hubs (formerly Children and Family Centresl, with a growing number from Mental Health Service5. We still receive and welcome 5elf-Referrals although the number ha5 fallen from 16°A in 2022123 to 12% this year. As a well-recognised 'community asset. we also have strong connertions to provide best support. including housing providers, substance misuse support, HM Prison Ford and Food Banks. -Home-Start Is involuable in supporting local fomilies ond children with o range of issues from child development, mentol heolth, isolotion, finoncial issues and a long list of othets. Without their expertise. knowledge and compossion mony families would be in dire situations. I cannot impress enough how needed Home-stort is now ond olwoys.- A local Health Visitor Financial review Funding At the beginning of the financial year, due to the financial climate and challenges in the fundraising landscape, the Board took a difficult decision to reduce our costs to ensure the future of our service. On a positive note, at the year end. fundraising was better than predicted, thanks to the incredible generosity of organisations, companies, groups and individuals in our community who genuinely care. We simply could not operate without their support. Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 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'5 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 £183,054. The free reserves of the charity was £127.111- 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 £87,436 in 2023124. 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 Iwho, 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 Ifor smaller charities). In 2024125 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 artivities. Trustees are offered the opportunity to attend additional training events. which in 2023124 included governance related tropics. Safeguarding and Equity. Equality. Diversity and Inclusion. 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 MrT Ridgway Ms H Higginson Ms L E Jackson Mr S G Singleton MsJMSSax (Resigned 23 November 20231 Ms S Hepburn MrEFry Ms H Baker (Resigned 25 May 20231 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 2023/24 financial year were as follows= Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Risk n increase in more complex needs, including fo inancial & mental health issues. These requir more intensive support for volunteers and staff. Insuff icient income/funding to run the charity a urrentlplanned levels Causel51'. weakened economy resulting in reduced rant/contractl funding opportunities- reduced undraising opportunities. Change of national, regional or local poli resulting in reduced resources.. Ifinancial. people. buildings etc. Home-start AWA operating model no longer fit he operating environment Mitigations and Actions Keep robust triaging operation in place. Focu5 on the recruitment, raining and support of new volunteers. Ensure high quality support or staff and volunteers. Remain flexible in order to respond to the downturn in the econom nd pressure on funders. Prioritise diversification of fundraising, including exploring ne undraising streams and support from the local community. Ensure trustee5 and senior staff keep abreast of any likely and planned policy change internally and externally. Keep the model under review at regular Board meetings. Engage with H-SUK strategy review. Plan5 for 2024125 The charity's priorities are driven by its Strategy and Operational Plans. Our overarching priorities for 2024125 remain as: Here for everyone Work with a diverse range of families who find themselves in challenging circumstances Improve our offer Continually review and improve our services to meet the individual needs of more families Financially sound Maintain a balanced budget supporting small and local infrastrutture Early support Focus on early intervention and prevention support - resisting pressure to work with families with more complex needs Volunteer led Grow and develop our volunteer network, aiming to continue delivering most of our sUPPOrt through volunteers . Greater awareness Raise our local profile while increasing engagement with the wider community Develop responsibly Become an even more resourceful and sustainable organisation Our updated Strategic Plan will soon be available on our website. www.home-startawa.o Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 The trustees, report was approved by the Board of Trustees. VMQtr Mr V J Mewett Trustee 2411012024 Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
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 2024. Responsibilities and basis of report As the trustees of the charity land also its dirertors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 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 Ithe 2011 Actl- In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independent examiner's statement Since the charity'5 gr055 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCCA ACA, which is one of the listed bodies. 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: accounting records were not kept in respect of the charity as required by settion 386 of the 2006 Att,. or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 Drayton House Drayton Lane Chichester West Sussex P020 2EW England Dated.. 2411012024 Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrirted funds 2024 Restrirted funds 2024 Totsl Unrestrirted funds 2023 Restricted fund5 2023 Totsl 2024 2023 Notes Income from: Donations and legacies Other trading activities Investments 71,088 2,459 1,304 179.3(K) 250,388 2,459 1,304 106,288 3,025 182 132,748 239,036 3,025 182 Total income 74,851 179.31X) 254.151 109,495 132.748 242,243 Expenditure on: Raising funds Charitable activities Other expenditure 31.915 115.302 31,915 178,806 730 2,902 86,731 26,798 133.533 29,700 220,264 63,504 730 Total expenditure 64,234 147.217 211.451 89,633 160,331 249,964 Net incomellexpenditure) 10,617 32.083 42,700 19,862 127,5831 17,7211 Transfers between funds 1,991 11.9911 Net movement in funds 12,608 30.092 42.700 19,862 127,5831 17,7211 Reconciliation of funds: Fund balances at l April 2023 114,503 25.851 140,354 94,641 53.434 148,075 Fund balances at 31 March 2024 127,111 55.943 183,054 114,503 25,851 140,354 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR BALANCE SHEEr AS AT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 14 937 2,221 Current assets Debtors Cash at bank and in hand 4,326 186,357 4,629 143,967 190,683 18,5661 148,596 110,4631 Creditors: amounts falling due within one year 16 Net current assets 182,117 138,133 Total assets less current liabilities 183,054 140,354 The funds ofthe charity Restricted income funds Unrestrirted funds 19 55,943 127,111 25,851 114,503 183,054 140,354 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 2024. 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 ompanies regime. 2411012024 The financial statements were approved by the trustees on ......................... Mr V J Mewett Trustee Company registration number 07007031 (England and Wales) Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 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 E2 Arundel Court, Park Bottom, Arundel, West Sussex. BN18 OA4, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity'5 governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191- The charity is a Public Benefit Entity as defined by FRS 102. The financial Statements are prepared in sterlin& 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 ba515 of accounting in preparing the financial statements. The trustee5 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 subjert to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrirted 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. Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 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. Dirert Costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one artivity 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 a55ets 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 artivities. 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 lif 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 '0ther Financial Instruments 155ues' of FRS 102 to all of its financial instruments. Financial instruments are recogni5ed 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 simultaneouslv. 10- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Accounting policies (Continued) Basicfinancial us5ets Basic financial assets. which include debtors and cash and bank balance5, 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. Basicfinancial liobiTlitie5 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 amort15ed c05t. 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 operation5 from suppliers. Amount5 payable are classified a5 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 oAfinancial liobilitie5 Financial liabilities are derecognised when the chariWs contrartual 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 beneffts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity'5 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 source5. 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. 11 Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Totsl Unrestricted funds 2023 Restricted funds 2023 Totsl 2024 2023 Donations and gifts Grants 51,088 20,000 37.900 141.400 88,988 161,400 104,288 2,000 23,000 109.748 127,288 111,748 71,088 179.300 250.388 106,288 132,748 239,036 Incorne from other trading artivitie5 Unrestrirted funds 2024 Unrestricted funds 2023 Fundraising events 2,459 3,025 Income from inve5tmentS Unrestricted funds 2024 Unrestricted funds 2023 Interest receivable 1.304 182 Expenditure on raising funds Unrestricted funds 2024 Restricted funds 2024 Totsl Unrestricted funds 2023 Restricted funds 2023 Totsl 2024 2023 Fundraising and publicity Advertising Other fundraising costs Staff costs 131 131 9,714 22,201 9,714 22,201 225 3,534 23.133 3,759 25,810 2,677 31,915 31.915 2,902 26,798 29,700 12- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Expenditure on charitsble activities Charitsble activities Charitable activities 2024 2023 Direct costs Staff costs Depreciation and impairment Administrative expenses Property costs Activitie5 (including FACTI Counselling Family groups Travel and subsistence Volunteer costs 93.652 555 120,905 1,116 2,521 12,776 600 11,879 29,647 121 10.612 1.152 13.893 25,347 173 78 145,384 179,643 Share of support and governance costs (see note 8) Support Governance 23.787 9.635 32,011 8,610 178.806 220,264 Analysis by fund Unrestricted funds Restricted funds 63.504 115.302 86,731 133,533 178.806 220,264 13- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Support costs Support costs Governance 2024 Support Costs Governance costs 2023 Staff costs Administrative expenses Telephone and IT Training and recruitment Travel and subsistence Website 8.911 5.353 3.030 935 8,911 5,353 3,030 935 15,268 5.487 3.920 3,622 3.391 323 15,268 5,487 3,920 3,622 3,391 323 2.896 2.662 2,896 2,662 Independent examination Legal and professional Consultancy 983 983 1,513 6,897 200 1,513 6,897 200 8,652 8,652 23.787 9,635 33,422 32.011 8.610 40,621 Analysed between Charitable activities 23,787 9,635 33,422 32,011 8,610 40,621 Net movement in funds 2024 2023 The net movement in funds is stated after charginE/lcreditingl: Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed a55et5 Loss on disposal of tangible fixed assets 983 1,513 1,116 555 730 10 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. li Employees The average monthly number of employees duringthe year was= 2024 2023 Number Number Charitable activities Management and administration li Total io 14 14- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 li Employees (Continued) Employment costs 2024 2023 Wages and salaries Other pension costs 120,841 3,923 157,172 4,811 124,764 161,983 There were no employees whose annual remuneration was morethan £60.000. Other expenditure Unrestricted funds 2024 Unrestricted funds 2023 Net loss on disposal of tangible fixed assets 730 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 15- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 14 Tangible fixed assets FiJEtures and fittlngs Cost At l April 2023 Disposals 27,882 123,8851 At 31 March 2024 3,997 Depreciation and impairment At l April 2023 Depreciation charged in the year Eliminated in respect of disposals 25,660 555 123,1551 At 31 March 2024 3,060 Carrying amount At 31 March 2024 937 At 31 March 2023 2,221 15 Debtors 2024 2023 Amounts falling due within one year: Other debtor5 Prepayments and accrued income 63 4,263 23 4,606 4,326 4,629 16 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditor5 Other creditors Accruals and deferred income 2,544 2,448 690 3,042 4,874 970 2,884 1,577 8,566 10,463 16- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 17 Retirement benefft schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 3,923 4,811 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. 18 Unrestricted funds The unrestricted fund5 of the charity comprise the unexpended balance5 of donations and grants which are not subject to specific conditions by donors and grantors a5 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 l April 2023 Incoming resourtes Resources expended Transfers At 31 March 2024 General fund5 114,503 74,851 164,2341 1,991 127,111 Previous year: At l April 2022 Incoming resources Resources expended Transfers At 31 March 2023 General fund5 94,641 109,495 189,6331 114,503 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: We aim to hold five months running costs in order to negate any problems with cash flow due to late payments of grants etc. to ensure there will be no interruptions to the service provided to the families. If funds become available we will increase the Designated Fund accordingly. All necessary expenses for the closure of the scheme in the event that this proves necessary to include staff redundancies, outstanding rent on the office accommodation and other associated closure costs. 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. 17- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTE5 TO THE FINANCIAL 5TATEMENT5 IcoTrmNUEDI FOR THE YEAR ENDED 31 MARCH2024 19 Restricted funds The rettiirted fun of thecharitycomwi%e the unexpended bal•Kes of th)nions andgrants held on trust subjerttospe¢Ki¢ conditions by donors as to howthey may be used. Mo¥ementin fvhds Movtmentin lunds Brf¢* IW2022 lAy425 SLMwth2024 Garfield Weston 15.lOJ 34,101 9.101 13.6041 135.1731 110.0441 li.(Krt)I 151M)I 11.396 3,133 4.205 943 40,(MX) 136,2791 6,854 Children In Need- Dads Children in Meed- Money Heroes Children In Need C05t of LMn8 Homity Tru5l Post¢ode Lottery Henry Smith HSUK BHBF 5LK 11,(MM)I 111.9951 20.CO)I 17A30 117.3201 510 22.975 40,( 11.490 20.000 1.562 11.5621 12501 145.5951 13.6521 HSUK 250 iO,(XM) iio,(Mx)I The Nitional Lottery Community Fund 3.62] 3.652 47.966 5.992 Arun Food Fund 1,610 11,6101 Roddick Foundation BarnabyTrust Sussex Community FoUndatn Bentley Townl Parish Council- Volunteers Crowd Funding MHCB SGN 20,775 2.5(Kl 121.2841 1.991 11,6671 110.1501 15(M)I 18141 3,333 6.669 14.831 113.0121 IA19 15.(KX) 13.9901 I25) io 1,596 1845 13.091 15,159 111.0851 2.006 14,1851 815 18- Do¢ ID.. ¢c23¢65b552ab%e2854c8fOefa8d¢aOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTE5 TO THE FINANCIAL 5TATEMENT5 IcoTrmNUEDI FOR THE YEAR ENDED 31 MARCH2024 19 Restricted funds Icontinuedl Worthing CIL wscc 14,2201 11.1651 3,180 1.165 51A34 132,748 I1,331) 25,851 179,3(N) 1147,2171 55,943 19- Do¢ ID.. ¢c23¢65b552ab%e2854c8fOefa8d¢aOdbd4e273
HOME-START ARUN, WORTHING & ADUR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 20 Analysis of net assets between funds Unrestrirted fund5 2024 Restricted funds 2024 Totsl 2024 At 31 March 2024: Tangible assets Current assets/lliabilitiesl 937 126,174 937 182,117 55,943 127,111 55,943 183,054 Unrestricted funds Restricted funds Totsl 2023 2023 2023 At 31 March 2023: Tangible assets Current assets/lliabilitie51 2,221 112,282 2,221 138,133 25,851 114,503 25,851 140,354 21 Related party transartions There were no disclosable related party transactions during the year12023 - nonel- -20- Doc ID.. cc23c65b552ab96e2854c8fOefa8dcaOdbd4e273