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2023-03-31-accounts

Company no. 06952404 Charity no. 1132581

HENRY

Report and Audited Financial Statements 31 March 2023

HENRY Report of the Trustees For the year ended 31 March 2023

April 2022 - March 2023: summary

The Board of Trustees presents its report and the audited financial statements for the year ended 31 March 2023.

Continuing to be strongly represented across all four nations of the UK and with many of our key contracts being extended in either duration and/or scope of services, HENRY remains financially robust despite the challenging conditions affecting the charitable sector.

Strengthening the Leadership Team has been a priority in the second half of the financial year, providing a greater depth of experience and enhancing the strategic capacity to ensure that the organisation is future-proofed. With this additional capacity, we have been able to actively explore new opportunities that align with and complement our existing services while remaining dedicated to delivering excellent service to our current customers.

Values

HENRY aspires to be a values-led organisation. All of our work with families, partners and HENRY colleagues is underpinned by the following explicit values:

Delivering programmes in partnership with local areas

Our partnership model of service delivery has grown significantly over the past financial year, with 58 local authority areas now offering HENRY family programmes and workshops, compared to 50 areas in 2021-22. We continue to expand the number of programmes delivered, with an increase of more than 60% in the number delivered compared to 2021-22.

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HENRY Report of the Trustees For the year ended 31 March 2023

Collaborative support

The Partnerships Team continue to provide exceptional support to our partner areas following successful completion of our practitioners' training programme. This collaborative support is vital in ensuring that we provide an ongoing positive experience for families, thus supporting lasting behavioural change.

Parental engagement

Following the implementation of our Raise, Engage, Refer initiative in 2021-22, we continue to evaluate the effectiveness of referral and signposting pathways. A clear understanding of HENRY’s work is critical for this. This year, enhancements to our data collection and evaluation processes have enabled us to identify areas for development more precisely.

Local services

Our local service contracts in Bradford, Blackpool, Croydon, Hackney, Hertfordshire and Waltham Forest enable us to collaborate with other providers to deliver cohesive support to families. By recruiting staff from within the local community, we are able to understand and respond promptly to local needs. As a result, we reach families in some of the most underserved communities, offering services in multiple languages and British Sign Language.

Our versatile and responsive approach to support at different stages of childhood ensures that parents can access help when they need it most. Our services range from breastfeeding cafes, hospital ward presence and workshops on introducing solid foods to multisession programmes, and workshops to support a healthy family lifestyle, 1-to-1 support and Healthy Start vitamin distribution.

Support is also provided via local helplines, video calls, community drop-in sessions and home visits.

Training and Innovation

The training team continues to focus on delivery of HENRY training courses to practitioners working in the children’s sector and healthcare fields. The courses are designed to develop confidence and equip the practitioners with strategies to work alongside parents, fostering sustainable behavioural change that genuinely impacts families' lives.

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HENRY Report of the Trustees For the year ended 31 March 2023

We are committed to continuously improving and extending the support we provide in response to identified needs and gaps. As part of this ongoing innovation, we piloted a teenage programme in partnership with schools that gave young people the opportunity to participate in a weekly group focused on exploring both emotional and physical wellbeing. In response to the young people’s comments, we developed and ran a parallel programme for their parents. The programmes were valued by participants, who reported positive changes in health behaviours.

Impact on families

Every year, HENRY supports people to transform family life for the better. We help families to prepare for new parenthood, take on the challenges of infant feeding and starting solids, foster good oral health, nurture more positive parent-child relationships from birth to school and beyond, and more.

In 2022/23,

Evidence base

HENRY has developed a robust evidence base, not only for the effectiveness of our training and family services but also for the long-term impact of timely support for families on children’s future life chances, school readiness, risk of tooth decay, obesity and associated diseases like diabetes, cancer and heart disease.

In 2022/23, a new study concluded that our Starting Solids workshop has meaningful outcomes for participants, including:

3

HENRY Report of the Trustees For the year ended 31 March 2023

Organisational management

Our People

Our staff, freelance trainers and volunteers are at the heart of HENRY’s values-led ethos and highquality services. Creating an organisation where our team are able to flourish is key to HENRY’s future success.

We have consulted with colleagues across the organisation via our annual staff survey, with dedicated follow-ups to address identified areas for improvement. We've also strengthened our internal communications and implemented an Employee Assistance Programme to support the wellbeing of staff.

Strengthening leadership

During the financial year, the Leadership Team was strengthened with the addition of two new members. This has enabled HENRY to begin strategic reviews across the organisation, focusing on defining decision-making processes and re-engineering operational processes to support our organisational objectives. While this has and will take time to embed, it is key to ensuring the sustainability of the organisation in the longer term.

Organisational policies and procedures

Policies are updated in alignment with legislation and national guidance, with new policies written as required. This governance cycle is overseen by the Director of Finance and Operations as part of HENRY’s ongoing risk management, with senior management involvement and sign-off by the Board as appropriate.

4

HENRY Report of the Trustees For the year ended 31 March 2023

Fundraising policy

HENRY is committed to responsible, ethical fundraising. We avoid putting undue pressure on anyone to donate. We are registered with the Fundraising Regulator and follow their code of practice for charities and fundraisers.

Risk management

The Trustees have assessed the major risks to which the charity is exposed and put in place processes to mitigate exposure to these, including maintaining a risk register. Risks are scored by considering both the impact of the risk and the probability of the risk occurring. Controls that are in place are considered, and further mitigating actions are identified and taken as needed.

Public benefit

The Trustees confirm that they have paid due regard to the public benefit guidance published by the Charity Commission. The charity refers to the public benefit guidance when reviewing and setting its aims and objectives and in future planning.

Financial review

HENRY has experienced a challenging financial year. While income continues to grow, costs have also risen, resulting in a reported deficit in the year of £62,409 (2022: £92,639).

Summary of financial position at March 2023

Income

Annual income grew by nearly 6% - from £2.25m to £2.38m.

This growth was driven by:

There was a reduction in grant income of £192k, principally due to the cessation of HENRY’s work as part of A Better Start Southend part way through the year.

5

HENRY Report of the Trustees For the year ended 31 March 2023

Expenditure

Total expenditure in the year rose to £2.44m from £2.34m, representing an increase of 4%.

This increase in expenditure was a result of an increase in trainer costs in order to meet the delivery of training demands and the impact of the inflation-driven economic conditions.

Reserves Policy

Our policy on reserves is reviewed annually by the Board of Trustees. Our current policy is to hold sufficient reserves of no less than is required to cover 3 months of overhead costs to mitigate against periods of financial stress.

At the year-end, unrestricted reserves amounted to £370k, with an additional £75k of designated funds carried forward. This represents 6 months of overhead expenditure. Excess reserves will be spent on strategic investment in the workforce in order to provide financial stability to the organisation in the future. Restricted reserves at the year-end were £17k, which related to grantfunded projects, details of which are in note 15 to the accounts.

Investment Policy

HENRY invests funds in higher-interest bank accounts. This is reviewed annually by the Finance Committee on behalf of the Trustees.

Looking ahead

HENRY has taken a number of significant steps to adapt to the ongoing economic conditions that the sector is experiencing and address the resulting financial challenges.

While the strategy remains unchanged:

The newly expanded leadership team have identified the following as key enablers:

6

HENRY Report of the Trustees For the year ended 31 March 2023

Taking this approach and ensuring buy-in across the organisation will enable HENRY to, by March 2025 be:

Statement of responsibilities of the Trustees

The Trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

7

HENRY Report of the Trustees For the year ended 31 March 2023

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

The Trustees

The Trustees, who are also directors under company law, who served during the year and up to the date of this report are listed on page 9.

Auditors

Godfrey Wilson Limited have continued in their capacity as auditors of the charitable company during the year. They have expressed their willingness to continue in that capacity.

Approved by the Trustees on 19 October 2023 and signed on their behalf by

Samantha Olsen - Chair of Trustees

8

HENRY

Reference and administrative details

For the year ended 31 March 2023

Status The
organisation		 is a charitable company company limited by guarantee,
incorporated on 4 July 2009 and registered as a charity on 7 November
2009.
Governing The company was established under a memorandum of association which
document established the objects and powers of the charitable company and is
governed under its articles of association.
Company number 06952404
Charity number 1132581
Registered office 6 Elm Place
and operational Old Witney Road
address Eynsham
Oxon
OX29 4BD
Trustees Samantha Olsen Chair
Nigel Alcock Treasurer
Janice Burberry Appointed 23 March 2023
Tracey Chong
Anne Coufopoulos
Rebecca Lang
Dawn Leslie
Mark Malbas
Pinki Sahota
Tom Spencer Resigned 7 July 2022
Company Anne Keating Resigned 15 July 2022
secretary Jo Godfrey Appointed 1 September 2022

9

HENRY

Reference and administrative details

For theyear ended 31 March 2023
Key management Jo Godfrey Finance and Operations Director (from 1
personnel September 2022)
Anne Keating Director of Operations (to 15 July 2022)
Stewart Marsden Director of Services and Quality (from 24
October 2022)
Kim Roberts Chief Executive
Auditors Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Bankers CAF Nationwide Building Society
25 Kings Hill Avenue Nationwide House
Kings Hill Pipers Way
West Malling Swindon
Kent SN38 1NW
ME19 4JQ
Aldermore The Hanley Economic Building Society
1st Floor Granville House
Block B, Western House Festival Park
Western House Hanley
Lynch Wood Stoke-on-Trent
Peterborough Staffordshire
PE2 6FZ ST1 5TB
HR advisors Ellis Whittam Ltd
Woodhouse, Church Lane
Aldford, Chester
CH3 6JD

10

Independent auditors' report

To the members of

HENRY

Opinion

We have audited the financial statements of HENRY (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

11

Independent auditors' report

To the members of

HENRY

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

12

Independent auditors' report

To the members of

HENRY

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

(3) We inspected the minutes of trustee meetings.

13

Independent auditors' report

To the members of

HENRY

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

14

Independent auditors' report

To the members of

HENRY

Alison Godfrey

Date: 23 October 2023

Alison Godfrey FCA (Senior Statutory Auditor)

For and on behalf of: GODFREY WILSON LIMITED Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

15

HENRY

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Note
Income from:
Donations and legacies
3
Charitable activities
5
Investments
Expenditure on:
Raising funds
Charitable activities
7
8
Funds at the start of the year
Funds at the end of the year
Total income
Total expenditure
Net expenditure and net
movement in funds		 Restricted
£
-
482,221
-
482,221
-
515,004
515,004
(32,783)
49,448
16,665		 Unrestricted
£
82,314
1,810,426
4,605
1,897,345
42,485
1,884,486
1,926,971
(29,626)
474,559
444,933		 2023
Total
£
82,314
2,292,647
4,605
2,379,566
42,485
2,399,490
2,441,975
(62,409)
524,007
461,598		 2022
Total
£
19,867
2,226,494
2,459
2,248,820
53,599
2,287,860
2,341,459
(92,639)
616,646
524,007

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the financial statements.

16

HENRY

Balance sheet

As at 31 March 2023

Note
Fixed assets
Tangible fixed assets
10
Current assets
Stocks
11
Debtors
12
Current asset investments
Cash at bank and in hand
Liabilities
13
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds:
Designated funds
General funds
Total funds
Creditors: amounts falling due within 1 year		 £
70,707
789,926
89,060
559,215
1,508,908
1,074,785		 2023
£
27,475
434,123
461,598
16,665
75,392
369,541
461,598		 2022
£
32,876
66,921
730,966
192,345
381,508
1,371,740
880,609
491,131
524,007
49,448
75,392
399,167
524,007

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 19 October 2023 and signed on their behalf by

Samantha Olsen - Chair of Trustees

17

HENRY

Statement of cash flows

For the year ended 31 March 2023

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease / (increase) in stock
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Dividends, interest and rents from investments
Net cash provided by investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Analysed as:
Cash at bank and in hand
Current asset investments		 2023
£
(62,409)
7,163
(4,605)
(3,786)
(58,960)
194,176
71,579
(1,762)
4,605
2,843
74,422
573,853
648,275
559,215
89,060
648,275		 2022
£
(92,639)
7,942
(2,459)
(10,982)
(185,983)
11,480
(272,641)
(3,311)
2,459
(852)
(273,493)
847,346
573,853
381,508
192,345
573,853

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

18

HENRY

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

HENRY meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Training commissions, licence fee income, income from the sale of resources received in advance of delivery of the goods and income from contracts is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

19

HENRY

Notes to the financial statements

For the year ended 31 March 2023

  1. Accounting policies (continued)

Donated services and facilities (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

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

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

2023 2022
Raising funds 1.5% 2.4%
Charitable activities 98.5% 97.6%

20

HENRY

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies (continued)

i) Redundancy costs

Where an employee receives a termination benefit the full cost is recognised at the date the employee is notified.

j) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold improvements Straight line over remaining life of lease Computer equipment Straight line over 3 years Fixtures and fittings Straight line over 4 years

k) Stock

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Current asset investments

Current asset investments consist of cash held on deposit in interest bearing accounts. Such investments are measured at their fair value.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

21

HENRY

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies (continued)

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

q) Pension costs

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charged to the statement of financial activities represents the contribution payable by the charitable company during the year.

r) Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

s) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

t) Accounting estimates and key judgements

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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation (as described in note 1 (j) above).

22

HENRY

Notes to the financial statements

For the year ended 31 March 2023

2. Prior period comparatives

2.
Prior period comparatives
Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds
3.
Income from donations
Coronavirus Job Retention Scheme
Other donations		 Restricted
£
-
675,770
-
675,770
-
741,588
741,588
(65,818)
8,348
(57,470)		 £
19,867
1,550,724
2,459
1,573,050
53,599
1,546,272
1,599,871
(26,821)
(8,348)
(35,169)
2023
£
-
82,314
82,314
Unrestricted		 2022
Total
£
19,867
2,226,494
2,459
2,248,820
53,599
2,287,860
2,341,459
(92,639)
-
(92,639)
2022
£
9,065
10,802
19,867

All income from donations in the current and prior period was unrestricted.

4. Government grants

The charitable company did not receive any government grants during the year (2022: the charitable company received £9,065 from HMRC's Coronavirus Job Retention Scheme).

23

HENRY

Notes to the financial statements

For the year ended 31 March 2023

5. Income from charitable activities

Income from charitable activities
Grants (note 6)
Direct contracts
Training commissions
Sales of resources
Licence fees		 Restricted
£
482,221
-
-
-
-
482,221		 £
-
1,026,912
438,130
178,363
167,021
1,810,426
Unrestricted		 2023
Total
£
482,221
1,026,912
438,130
178,363
167,021
2,292,647		 2022
Total
£
673,770
915,932
387,892
126,633
122,267
2,226,494

All income from charitable activities in the prior period was unrestricted, except £673,770 of grant income, which was restricted (see note 6) and £2,000 licence fees.

6. Grants receivable

Grants receivable
Big Lottery Fund grants:
Better Start Bradford – Healthy Families project
Better Start Southend – Healthy Families project
Better Start Bradford – Cooking for a Better Start project
Better Start Blackpool - Start4Life
Lottery Community Fund
National Children's Bureau (LEAP)
Better Start Southend – Preparation for Parenthood
project
Better Start Bradford – Infant and Young Child
Feeding Service		 2023
£
202,464
32,088
-
74,771
149,324
13,582
9,992
-
482,221		 2022
£
174,502
123,837
113,813
73,988
146,650
-
-
40,980
673,770

All grants receivable in the current and prior period were restricted.

24

HENRY

Notes to the financial statements

For the year ended 31 March 2023

7. Expenditure

Expenditure
Cost of resources
Trainer costs
Development costs
Delivery costs
Governance costs
Staff costs (note 9)
Other staff costs
Premises costs
Marketing costs
Audit and accountancy
Business costs
IT and communications
Office costs
Depreciation
Irrecoverable VAT
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
-
-
-
-
-
21,688
-
-
12,943
-
-
-
-
-
-
34,631
7,854
42,485		 Charitable
activities
£
84,465
237,400
9,773
153,973
-
1,405,100
-
-
-
-
-
-
-
-
-
1,890,711
508,779
2,399,490		 £
-
-
-
-
42
336,862
22,875
47,473
-
6,875
15,581
47,840
19,767
7,163
12,155
516,633
(516,633)
-
Support and
governance costs		 Total 2023
£
84,465
237,400
9,773
153,973
42
1,763,650
22,875
47,473
12,943
6,875
15,581
47,840
19,767
7,163
12,155
2,441,975
-
2,441,975

25

HENRY

Notes to the financial statements

For the year ended 31 March 2023

7. Expenditure - prior period comparative

Expenditure - prior period comparative
Cost of resources
Trainer costs
Development costs
Delivery costs
Governance costs
Staff costs (note 9)
Other staff costs
Premises costs
Marketing costs
Audit and accountancy
Business costs
IT and communications
Office costs
Depreciation
Irrecoverable VAT
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
-
-
-
-
-
37,742
-
-
6,365
-
-
-
-
-
-
44,107
9,492
53,599		 Charitable
activities
£
62,077
160,066
18,950
147,765
-
1,517,375
-
-
-
-
-
-
-
-
-
1,906,233
381,627
2,287,860		 £
-
-
-
-
749
214,063
33,417
45,236
-
6,125
11,452
47,226
17,066
7,942
7,843
391,119
(391,119)
-
Support and
governance costs		 Total 2022
£
62,077
160,066
18,950
147,765
749
1,769,180
33,417
45,236
6,365
6,125
11,452
47,226
17,066
7,942
7,843
2,341,459
-
2,341,459

26

HENRY

Notes to the financial statements

For the year ended 31 March 2023

8. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' remuneration:
▪Statutory audit (excl. VAT)		 2023
£
7,163
Nil
205
8,000		 2022
£
7,942
Nil
749
6,500

During the year, 1 trustee (2022: 6) was reimbursed for travel costs relating to attendance at board meetings.

Total governance costs in the year were £9,642 (2022: £8,549).

9. Staff costs and numbers

Staff costs were as follows:

Staff costs and numbers
Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions
Redundancy payments		 2023
£
1,489,871
129,883
143,094
802
1,763,650		 2022
£
1,493,641
125,941
139,611
9,987
1,769,180

The key management personnel of the charity comprise the trustees, the chief executive and senior management team. The total employee benefits received by the key management personnel of the charity were £199,177 (2022: £182,469).

One employee earned between £70,000 and £80,000 during the year (2022: one employee earned between £60,000 and £70,000). The average head count during the reporting period was 67 (2022: 70).

During the year, redundancy payments totalling £802 were paid to one employee (2022: £9,987). No amounts were outstanding as of 31 March 2023.

27

HENRY

Notes to the financial statements

For the year ended 31 March 2023

10. Tangible fixed assets
Cost
At 1 April 2022
Additions in the year
Disposals in the year
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Disposals in the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
11.
Stock
Finished goods
12. Debtors
Trade debtors
Prepayments
Accrued income		 £
£
5,739
44,518
-
-
-
-
5,739
44,518
4,502
15,184
920
4,692
-
-
5,422
19,876
317
24,642
1,237
29,334
Leasehold
improvements
Fixtures and
fittings		 £
9019
1762
(3,115)
7,666
6,714
1,551
(3,115)
5,150
2,516
2,305
2023
£
70,707
2023
£
601,841
43,241
144,844
789,926
Computer
equipment		 £
59,276
1,762
(3,115)
Total
57,923
26,400
7,163
(3,115)
30,448
27,475
32,876
2022
£
66,921
2022
£
490,263
30,752
209,951
730,966

28

HENRY

Notes to the financial statements

For the year ended 31 March 2023

13. Creditors: amounts due within 1 year

Creditors: amounts due within 1 year
Trade creditors
PAYE and social security
VAT
Accruals
Deferred income
Other creditors
Movements in deferred income consist of:
Balance brought forward
Amounts released in the period
Amounts deferred in the period
Balance carried forward		 2023
£
42,271
43,446
60,537
53,679
868,746
6,106
1,074,785
629,179
(629,179)
868,746
868,746		 2022
£
79,555
49,783
48,957
65,701
629,179
7,434
880,609
634,612
(634,612)
629,179
629,179

HENRY provides training, resources and other services under contracts. Where these are paid for in advance, the income is deferred to future periods in line with the stage of completion of the contract.

29

HENRY

Notes to the financial statements

For the year ended 31 March 2023

14. Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at 31 March 2023
Prior period comparative
Tangible fixed assets
Net current assets
Net assets at 31 March 2022		 Restricted
funds
£
-
16,665
16,665
Restricted
funds
£
-
49,448
49,448		 £
-
75,392
75,392
£
-
75,392
75,392
Designated
funds
Designated
funds		 General
funds
£
27,475
342,066
369,541
General
funds
£
32,876
366,291
399,167		 Total
funds
£
27,475
434,123
461,598
Total
funds
£
32,876
491,131
524,007

30

HENRY

Notes to the financial statements

For the year ended 31 March 2023

15. Movements in funds

Movements in funds
Restricted funds:
Big Lottery Fund:
Other funders:
HENRY Buddies
Total restricted funds
Better Start Blackpool - Infant and Young Child Feeding Service
Better Start Blackpool - Start4Life
Sylvia Adams Charitable Trust
Better Start Bradford – Cooking for a Better Start project
Better Start Bradford – Healthy Families project
Better Start Southend – Healthy Families project		 At 1 April
2022
£
-
15,256
-
20,274
-
-
13,918
49,448		 £
202,464
32,088
74,771
149,324
13,582
9,992
-
482,221
Income		 £
(208,350)
(47,344)
(77,243)
(158,157)
-
(9,992)
(13,918)
(515,004)
Expenditure		 £
-
-
-
-
-
-
-
-
Transfers
between
funds		 At 31
March
2023
£
(5,886)
-
(2,472)
11,441
13,582
-
-
16,665

31

HENRY

Notes to the financial statements

For the year ended 31 March 2023

15. Movements in funds (continued)

Movements in funds (continued)
Unrestricted funds:
Designated funds:
Marketing
Service development
Premises
General funds
Total unrestricted funds
Total funds
Total designated funds		 At 1 April
2022
£
42,992
27,400
5,000
75,392
399,167
474,559
524,007		 £
-
-
-
-
1,897,345
1,897,345
2,379,566
Income		 £
-
-
-
-
(1,926,971)
(1,926,971)
(2,441,975)
Expenditure		 £
-
-
-
-
-
-
-
Transfers
between
funds		 At 31
March
2023
£
42,992
27,400
5,000
75,392
369,541
444,933
461,598

32

HENRY

Notes to the financial statements

For the year ended 31 March 2023

  1. Movements in funds (continued)

Purposes of restricted funds

Better Start Bradford – Healthy Families project

The Fulfilling Lives: A Better Start fund is a lottery initiative to provide a good start in life for young children. HENRY receives funding from Bradford Trident (lottery grant recipient) to support this initiative through HENRY training, programmes, volunteering and resources.

Better Start Southend – Healthy Families project

The Fulfilling Lives: A Better Start fund is a lottery initiative to provide a good start in life for young children. HENRY receives funding from the Pre-School Learning Alliance (lottery grant recipient) to support this initiative through HENRY training, programmes, volunteering and resources.

Better Start Bradford – Cooking for a Better Start project

The Fulfilling Lives: A Better Start fund is a lottery initiative to provide a good start in life for young children. HENRY receives funding from Bradford Trident (lottery grant recipient) to support this initiative through delivery of a 6-week cooking programme.

Better Start Blackpool - Infant and Young Child Feeding Service

A Better Start fund is a lottery initiative to provide a good start in life for young children. HENRY receives funding from the NSPCC (lottery grant recipient) to support HENRY’s Infant and Young Child feeding Service in Blackpool, working to improve the health outcomes for Blackpool’s youngest children and support generational changes throughout the town. The service HENRY provides includes infant feeding support, workshops to support safe responsive feeding and workforce training.

33

HENRY

Notes to the financial statements

For the year ended 31 March 2023

  1. Movements in funds (continued)

Better Start Bradford – Start4Life

Funding to support the joining up and enhancement of services delivered through family hubs in Bradford.

HENRY Buddies

Funding to support vulnerable families nationally during the Covid-19 pandemic. Support is provided through one-to-one telephone support where families are either referred to HENRY through other organisations or where families approach HENRY directly for support.

Sylvia Adams Charitable Trust

Funding to support HENRY’s work on introducing solid foods.

Purposes of designated funds

In May 2018 the trustees set aside £134,000 to invest in elements of our new 3 year strategic plan. Chiefly, investments in marketing, office infrastructure (as part of our move to new national office premises in December 2018) and in developing new training courses and family interventions. We entered 2022-23 with £75,392 remaining in our designated fund which has remained unspent in the financial year and has been carried forward to be utilised in 2023-24.

Funds in deficit

The Better Start Bradford funds are in deficit at year end, however these amounts are recoverable and are due to be received in 23/24.

34

HENRY

Notes to the financial statements

For the year ended 31 March 2023

15. Movements in funds (continued)
Prior period comparative
Restricted funds:
Big Lottery Fund:
Reaching Communities
Better Start Bradford – Healthy Families project
Better Start Southend – Healthy Families project
Better Start Southend – Preparation for Parenthood project
Better Start Bradford – Cooking for a Better Start project
Better Start Blackpool - Infant and Young Child Feeding Service
Other funders:
HENRY Buddies (National)
HENRY Buddies (Oxfordshire)
Lambeth Early Action Partnership
Healthy Families Programme Oxfordshire
HENRY research hub
Sylvia Adams Charitable Trust
Total restricted funds		 At 1 April
2021
£
11,055
-
35,983
-
-
27,249
2,169
-
-
1,355
-
29,107
106,918		 £
-
174,502
123,837
113,813
73,988
146,650
-
-
40,980
2,000
-
-
675,770
Income		 £
(10,947)
(174,645)
(123,837)
(113,936)
(73,989)
(153,625)
(22,561)
(204)
(42,725)
(5,219)
(10,980)
(8,920)
(741,588)
Expenditure		 £
(108)
143
(20,727)
123
1
-
20,392
204
1,745
1,864
10,980
(6,269)
8,348
Transfers
between
funds		 At 31
March
2022
£
-
-
15,256
-
-
20,274
-
-
-
-
-
13,918
49,448

35

HENRY

Notes to the financial statements

For the year ended 31 March 2023

  1. Movements in funds (continued) Prior period comparative
Movements in funds (continued)
Prior period comparative
Unrestricted funds:
Designated funds:
Marketing
Service development
Premises
General funds
Total unrestricted funds
Total funds
Total designated funds		 At 1 April
2021
£
42,992
27,400
5,000
75,392
434,336
509,728
616,646		 £
-
-
-
-
1,573,050
1,573,050
2,248,820
Income		 £
-
-
-
-
(1,599,871)
(1,599,871)
(2,341,459)
Expenditure		 £
-
-
-
-
(8,348)
(8,348)
-
Transfers
between
funds		 At 31
March
2022
£
42,992
27,400
5,000
75,392
399,167
474,559
524,007

36

HENRY

Notes to the financial statements

For the year ended 31 March 2023

16. Operating leases

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 2 - 5 years		 2023
£
7,500
-
Land and		 2022
£
30,000
-
buildings		 2023
2022
£
£
1,920
1,920
5,760
7,680
Office equipment

17. Related party transactions

During the year, Tom Spencer (Trustee until July 2022) worked as a freelance trainer for HENRY and received £3,220, plus £34 for related expenses (2022: £2,150). No amounts were outstanding at year end.

37