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2025-03-31-accounts

HENRY

Report and Financial Statements for the year ended March 31[st] 2025

www.henry.org.uk

HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Contents

Contents
Reference and Administrative Details 3
Welcome from the Chair and CEO 4
HENRY: our vision, purpose and values 6
Transforming lives: our achievements in 2024-25 8
HENRY delivery 10
Organisational Management 14
Financial Review 19
Statement of Trustees Responsibilities 21
Auditor’s Report 22
Statement of financial activities 26
Balance sheet 27
Statement of Cash Flows 28
Notes to the financial statements 29

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Reference and Administrative Details

Registered Name: HENRY
Company Number: 6952404
Registered Charity Number: 1132581
Date of incorporation: 7thNovember 2009
Registered Office & Operational Address: 6 Elm Place, Eynsham, Oxfordshire, OX29 4BD
Trustees at year end: Samantha Olsen (Chair) (retired 21.08.25)
Nigel Alcock (Treasurer)
Dawn Leslie
Professor Pinki Sahota
Tracey Chong (Safeguarding) (Became Chair on
21.08.25)
Anne Coufopoulos
Janice Burberry
Dr Rebecca Lang (resigned 10.04.24)
Mark Malbas (resigned 11.10.24)
Bulathsinhalage Nilushka Perera (Joined 21.08.25)
Elizabeth Smith (Joined 21.08.25)
Key Management Personnel: Kim Roberts, Chief Executive (retired 31.08.24)
Dr Rebecca Lang, Chief Executive (started
01.07.24)
Jo Godfrey, Director of Finance & Operations (left
22.04.24)
Bankers: CAF
25 Kings Hill Avenue,
Kings Hill,
West Malling, Kent ME19 4JQ
Nationwide Building Society
Nationwide House, Pipers Way
Swindon, SN38 1NW
Hanley Economic Building Society
Granville House, Festival Park,
Hanley,
Stoke-on-Trent, ST1 5TB
Auditors: Godfrey Wilson Ltd
5th Floor, Mariner House
62 Prince Street
Bristol, BS1 4QD

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Welcome from Chair of Trustees and CEO

We are pleased to report on another positive year for HENRY and firstly want to thank all our staff and volunteers for their commitment and hard work in what remains a challenging environment for charities. Key highlights include:

Reaching More Families: We engaged with over 17,300 families through our workshops, programmes, drop-ins, infant feeding support, and one-to-one help. This represents a significant increase from the previous year, delivered by both HENRY staff and our local authority partners. This shows the commitment across staff and volunteers to empower parents and carers week after week.

Growing Programme Popularity: We've seen increases in access to our workshops, with "Starting Solids" being our most popular, along with more parents seeking infant feeding support and attending our programmes.

Strong Partnerships: Our work continued successfully in Croydon, Waltham Forest, City & Hackney, Blackburn with Darwen, Blackpool, and Hertfordshire through existing or extended contracts. We partnered with over 75 Local Authorities, seeing a slight increase due to the incentive funding from the "Healthy Families Right from the Start" research trial, which encouraged new local areas to deliver HENRY in their localities.

New Collaborations: We were delighted to welcome Tower Hamlets into our partnerships through a three-year project with the local charity Sister Circle. This provides an exciting opportunity to explore new ways of working with other charities to serve local communities. Contract Extensions: We were pleased to receive extensions for our Start for Life contracts in Blackpool, Blackburn with Darwen and Waltham Forest until March 2026. However, we were very sad to lose funding in Bradford as the 10-year Better Start Lottery funding came to an end. Practitioner Training: While we saw a small decline in the number of practitioners trained this year, likely due to local authority staffing and funding challenges, it's wonderful to note that practitioners, like families, continue to rate our courses highly. They consistently recommend them to others and value the confidence, skills, and knowledge gained.

Strengthening Our Foundations: We embedded People HR, Xero, and WebExpenses to make some of our internal functions more efficient and streamlined. We've also enhanced our Cyber Security and focused on Health & Safety, ensuring we continuously work to keep our staff, volunteers, and beneficiaries safe.

We saw a change in our leadership this year, welcoming Dr Beckie Lang as our new CEO in July and wishing Kim Roberts MBE a fond farewell and thank you after her fourteen years leading HENRY. We ended the year starting our recruitment for new board members and working on our next five year strategy. We began this work as an organisation revisiting our vision, purpose and values and you will see these reflected in our report. Despite the changes in staffing this year our staff survey was positive and we were pleased to outperform the sector in almost all areas, whilst hearing areas for focus going into 25-26. We benchmarked salaries across the organisation this year to ensure we remain competitive and were pleased to be able to implement this alongside our usual incremental uplift.

Although ending the year with a positive bank balance, we are aware of the incoming pressures the employers NI will bring alongside a full year of staff salary costs as a result of our benchmarking exercise this year. We were pleased at the time of writing that the Government has

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

launched its Best Start in Life strategy and a commitment and investment in family hubs. We hope this provides an opportunity for HENRY but remain cautious given the current council and ICB restructures and what this will mean for local delivery.

Welcome to our annual report for 2024-25, we are so grateful to all the local authorities that work with us, to our Trustees for their ongoing skilled and committed support, and to our wonderful staff and volunteers.

Tracey Chong (Chair) Beckie Lang (CEO)

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

HENRY: our vision, purpose and values

HENRY (Health, Exercise, Nutrition for the Really Young) is a UK charity working hand-in-hand with parents, carers, and practitioners to transform family life and create healthier, happier futures for babies and children. Our holistic approach supports families in making sustainable changes that benefit physical health, emotional well-being, and strong family relationships.

Our Purpose

We partner with parents and carers in building healthy habits for lasting family wellbeing.

Our Vision

A healthy and happy start for every baby and child.

What this means in practice is:

As a registered charity our focus is set out in our charitable objects:

Our work spans three interconnected areas:

We are a values-led organisation. In everything we do, we strive to be:

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Since 2006, HENRY has evolved from an initiative to combat child obesity into a leading charity dedicated to helping families with babies and young children thrive. We empower parents and carers with the support, knowledge, skills, and confidence to create nurturing relationships and environments, leading to healthier, happier lives for their children.

The need we are working to address

Across the UK, too many children are missing out on a healthy start. One in four children begin school with an unhealthy weight, and one in five suffer from painful tooth decay. In our most disadvantaged communities, children are twice as likely to develop obesity compared to their peers. These are not just numbers; they are stories of lost potential and preventable pain.

Behind these statistics are families doing their best to juggle the demands of everyday life in an environment that often makes healthy choices difficult. Poverty, aggressive marketing, and the normalisation of unhealthy habits can make it feel impossible to provide nutritious meals and active lifestyles.

Healthy, happy parents create healthy, happy families

The HENRY approach begins with building positive relationships, looking at a family's strengths, and focusing on solutions rather than problems.

We work in partnership with parents and carers, starting wherever they are right now, and building confidence, motivation, and resilience. We support them to think about what their children need to thrive, celebrate what's already going well, and look for the small, manageable changes that can make things better for their babies and children. We work alongside families providing practical tools that create a springboard for change - whether that's navigating supermarket aisles to seek healthy options or finding ways to be active together.

Over the years, we've learned a lot about how to build relationships with families in the real world and make real change happen. Genuinely working in partnership with parents takes skill and practice, which is why HENRY trains practitioners throughout the UK to use this approach in their work, and to work in a way that creates the conditions for positive change.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Transforming lives: our achievements in 24/25

Headlines

In the last year through our direct delivery and working in partnership:

95% participants rated the programme or workshop as good or great

41% families supported by HENRY were from a minority ethnic background

of families supported by HENRY were from the the most deprived 20% of the 36% population (as measured by the Core20)

99% practitioners rated the HENRY training as useful or very useful

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Over the last 15 years HENRY has established an excellent track record of: delivering safe, highquality training to practitioners; excellent and sustained outcomes for practitioners, parents and their children; being accessible to the families who benefit most from our work; and intervening early enough for our work to make the most difference.

In this year we have continued to see HENRY training, programmes, workshops and one-to-one support delivered across local communities. This has included HENRY being commissioned in seven local areas to meet specific local needs, and in 76 local authorities with HENRY services being delivered in partnership through our licenced approach.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

HENRY Delivery

HENRY training, programmes, workshops and 1-2-1 support continued in seven local authorities this year where HENRY is contracted to work directly. We were delighted to maintain activity in most of our long-standing areas, which continued to see HENRY reach more families through our ongoing and consistent presence in local family hubs and other community-based settings.

Blackburn with Darwen

We continued to deliver Preparation for Parenthood programmes in Blackburn with Darwen and are pleased that the Local Authority have committed to ongoing delivery in 2025-26. This complements their local HENRY work delivered through a HENRY partnership.

Blackpool

Through Better Start and Start for Life funding we continued to provide a successful infant feeding service in Blackpool . We were delighted to achieve BFI Level 3 accreditation this year as a service.

Our work has been a partnership with the Centre for Early Child Development since 2019, recognising the very low breastfeeding rates. HENRY has been connecting with all new parents in the town through a variety of means including attendance at the local antenatal Baby Steps programme, presence on the postnatal ward, regular drop-ins at the Family Hubs alongside the Health Visitor clinics, and the feeding helpline. HENRY has successfully helped increase local rates of babies wholly or partially breastfed at 6-8 weeks from 58.9 % to 69%.

“I've already brought friends from my antenatal class along with me because it was so useful for me.” Parent attending HENRY Bears Drop-in

We have continued the provision of a Breast Pump Loan Scheme to support babies receiving expressed breast milk and remain a committed partner in the support of mums and babies in the care system.

The continuation of Better Start funds in Blackpool and the ongoing commitment by the new Government to Start for Life funds for a further year meant we are able to continue to deliver infant feeding support across the town in 2025-26, albeit at a reduced capacity to this year.

Our oral health delivery in Blackpool ceased this year due to staffing difficulties despite efforts at HENRY and within the Council.

Bradford

This year saw the final year of Better Start funding in Bradford after nine years of delivering together, and the end of our funded offer through Start for Life. We were pleased that the Randomised Control Trial of our Healthy Families Right from the Start Programme has meant that Bradford families continue to benefit from HENRY as we head into 2025-26.

During our time in Bradford, HENRY has supported 1630 families and trained 453 professionals to enable a healthy start for babies and children.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

“It’s great the knowledge I gained. I learned so much and have put it into practice. Being a first-time mum, the HENRY programme really helped build my confidence and I have made quite a few changes. I am understanding my child now and implementing a calm manner to deal with his behaviours. We are eating healthier and finding collective ways to introduce weaning, using the HENRY books for starting solids.” HFRFTS , Bradford

London

We continued to deliver against our existing contracts in Waltham Forest, City & Hackney and Croydon , which is bespoke to each locality with a mix of individual and group parent support on infant feeding and oral health, parent groups and workshops, and practitioner training.

“I appreciated the advice given without judgement. Have changed our portion sizes and we eat more veg, less junk. I’m making almost every meal from scratch now or if I use a jar for sauce I'm filling it with vegetables as well.” HFGU, Croydon

We were pleased to see the temporary extension to the Start for Life funding into 2025-26 which means we will continue to support local parents and carers with infant feeding and perinatal mental health through the Buddies Service. HENRY has successfully helped increase local rates of babies wholly or partially breastfed at 6-8 weeks from 57.9% to 74.3%.

HENRY continued to work with the Borough in the provision of Healthy Start vitamins with almost 6,000 families accessing the scheme.

“I have learnt everything I know about Breastfeeding from HENRY. I had a difficult week with breastfeeding due to cluster feed, pressure for baby to gain weight and be a good mum. I was thinking to give up breastfeeding as my milk isn't enough to keep my baby healthy. I learnt that I was doing the right things” - Infant Feeding, Waltham Forest

New this year was our 3y partnership with Sister Circle, a charity in Tower Hamlets which supports women in challenging circumstances through peer support and service provision. To build on their existing antenatal support, they will be incorporating HENRY’s Preparation for Parenthood into their offer, starting 2025. HENRY trained five practitioners within the Sister Circle team this year in preparation for their local delivery.

“Refreshing , reflective, empowering , practical” Core Training Participant, Sister Circle

We were delighted to bring HENRY to Harrow this year. Working in partnership with the London Borough, HENRY practitioners have been delivering Healthy Families Right from the Start within two local Family Hubs. Having successfully delivered to 70 families and with excellent feedback, Harrow have funded HENRY for delivery for another year (2025-26).

Home Counties

In September 2024 we were able to extend the length of our co-delivery model with Maximus in Hertfordshire , and are set to deliver Healthy families Right from the Start Programmes for the next 3 years.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

“I found learning about portion sizes and amounts really useful, and knowing my son is likely to be getting what he needs nutritionally even when he is fussy. Going forward, I plan to record amounts and get more aware of this as it might offer me more reassurance. Also, I will continue to offer things he might decline.” Fussy Eating Workshop Participant, Herts

We have been developing a pilot offer this year for delivery in 2025-6 in collaboration with Maximus, which will see HENRY return to Oxfordshire .

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Working in Partnership

In the last year, we saw a 17% increase in the number of Local Authorities working with us in partnership to deliver HENRY training, programmes and workshops, as a result:

8400 Families engaged with HENRY in these areas, an increase of 26% on last year

771

Programmes were delivered (10% increase on last year).

These included 42 programmes for parents and carers expecting a baby (75% increase on last year)

628 programmes for families with a child aged 0-5y (5% increase on last year) 101 programmes for children aged 5-11y (26% increase on last year).

983 Workshops delivered (an increase of 64% on last year)

1346 Professionals trained (an increase of 29% on last year)

“Amazing! I have loved the HENRY training. Very informative and led in a fun and interactive way. So much useful information and ideas to help in real life practice. The resources have been fantastic.” Core Training, Fife & Lothian

Despite a challenging financial climate for local authorities, we were pleased to see an uplift in partnership areas this year. Prompted by the incentive payments offered by the Randomised Controlled Trial of our programme Healthy Families Right from the Start being conducted by the University of York, we saw 20 new areas training local staff and committing to delivering our core parent programme. This expanded reach saw us move to annual reporting on service delivery in local areas rather than the previous three times per year. Our bespoke and detailed reports are well received by commissioners and local coordinators but given our manual processes, this remained a big challenge for our small team in HENRY. How we collect and report on the impact of HENRY will be a focus for our new strategic period, building on the piloting of our updated Data Access System this year for local areas working with us.

“The workshop was useful to raise my confidence and dispel myths.” Starting Solids participant, Hull

As the year concluded, we were starting to see the impact of ongoing funding cuts and the uncertainty around ongoing funding with the new Government’s plans and spending review pending. As such we started 2025-26 with 15 local areas withdrawing HENRY.

Sadly, we saw our two local authorities in Wales cease to offer HENRY due to funding issues.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Organisational management

Our people

Our staff, freelance trainers and volunteers are at the heart of HENRY’s values-led ethos and high quality services. We continued to recruit and train new members of the HENRY team to expand capacity in line with increased demand and the mobilisation of new local services. This year the HENRY team included:

In July 2024 we welcomed Dr Beckie Lang as HENRY’s new Chief Executive as Kim Roberts MBE, our first Chief Executive, retired in August. It was lovely to celebrate Kim’s legacy after 14 years leading and growing HENRY with current and previous staff, trustees and founders at an event in July.

We have had changes in our finance team this year, with the departure of our Director of Finance and Operations in April and our Finance Manager going on maternity leave. A Head of Finance joined us in June and an interim Finance Manager worked with us from August until the end of April 2025.

Our Business Development Team grew with a Head of Business development and a Senior Marketing and Communications Officer. Our Training and Development team saw staff changes with the arrival of a new National Training Manager.

Organisational effectiveness

Progress continued on digitising systems and processes over the last year. We have been embedding our new financial system this year (having moved to Xero) and People HR and we have continued to be supported by WorkNest who have been invaluable as we spent time focused on our Health and safety commitments. Following an IT audit early in the year, we have strengthened our IT security throughout the year including a new firewall and work to maintain our Cyber Essentials.

This year we started to review and update the content of our programmes and workshops. We have been fortunate to be involved in the Positive Experiences Collective Patchwork Programme, which has been supporting a small cohort of organisations working towards all children and young people having a positive, meaningful, and lifelong relationship with movement and physical activity. We have used the opportunity to work with Natalie Weir, PhD at Derby University and Helen Batteley from Music and Movement and the National Early Years Active Start Partnership to consider how we strengthen our content on physical literacy, play and movement into the HENRY offers. This work concludes in 2025.

We have been reinvigorating our presence within wider policy influencing groups. We know that the environment in which families live has a huge impact on how healthy habits can be more easily adopted. As the Foresight Report clearly highlighted back in 2007, the complex and

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

multiple factors that contribute to unhealthy weight requires a system effort to enable change. While HENRY’s role is in working alongside parents and carers in building healthy habits, we have to see a concerted shift in the wider landscape. As such we have been an active member in the Obesity Health Alliance (OHA), the Early Years Nutrition Coordination Group, the Health Policy Impact Group and we were pleased to see the restart of the Infant Feeding APPG. Together with organisations and colleagues who share our passion for a healthy start, we have contributed and provided our support to manifesto influencing papers, MP letters and Briefing Statements. We thank our policy colleagues in First Steps Nutrition, OHA, Sustain, The Food Foundation and NCB for their leadership in this space.

The arrival of our Senior Marketing and Communications Officer has meant a renewed focus on our marketing materials for local areas to help attract new parents and carers to our service offer, and to increase our visibility and profile within the localities in which HENRY is delivered. Our continued delivery in areas where we have been commissioned to deliver directly has seen HENRY embedded within local pathways of support and the family hubs and children’s centre, making HENRY an established service offer for families.

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 senior management team as part of HENRY’s ongoing risk management, with sign-off by the Board as appropriate. We have seen review and update this year in our Safeguarding, Whistleblowing, Complaints, Data Security, Health and safety, Lone Working and Serious Incident Reporting policies.

Funding and Fundraising

The bulk of our funding continued from our contract and grant work in Waltham Forest, City & Hackney, Croydon, Blackburn with Darwen, Blackpool, Harrow, and Hertfordshire; and through our licenced work in partnership with local authorities. We welcomed core funding contributions this year from:

We thank all our supporters and funders for their continued support.

Following the arrival of our new Head of Business Development at the beginning of this year, we are pleased to have been able to research the wider Trusts and Foundations landscape to boost our efforts in diversifying our income streams in 2025 and beyond. Our understanding of social value is building and we have begun exploratory conversations with possible corporate partnerships. Whilst both income streams are evolving, we anticipate increased income in the financial year 2025-26 and beyond.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Looking Ahead

HENRY continues to deliver training and parenting support in over 75 localities across England, Scotland and NI despite the challenges around funding and need exceeding local capacity to deliver. We are pleased to see the renewed focus on obesity prevention, early years and family support in the new Government’s plans and look forward to seeing how funding and implementation evolves.

As we head into a new five-year strategic period, we are motivated to reach more families who would benefit most, and in being part of a wider landscape to improve the health of babies, children and families. We know that to build on our impactful work to date, we need to be fit and agile as an organisation so that we can deliver and be a partner within local communities. We will be focusing our efforts on:

Structure, Management and Governance

HENRY is a company limited by guarantee with no share capital, governed by Memorandum and Articles of Association, and is a registered charity in England and Wales, number 1132581.

Trustees

HENRY has a Board of Trustees on which there can be a minimum of three and a maximum of twelve Trustees. They can be appointed by the members by ordinary resolution on the basis of the expertise and experience that they can bring to the running and development of the company. The Board conducts a skills audit to help inform decisions regarding Trustee recruitment. New Trustees are identified through both professional and other contacts and by open advertisement. New Trustees are provided with a full induction programme including written information on the charity, attending HENRY programmes and/or training, and meetings with key Trustees and employees. Further individual training needs are identified with the Chair of Trustees upon completion of the initial training and induction programme. At the AGM one third of Trustees retire by rotation (those longest serving) but are able to put themselves forward for re-election for a maximum of three terms of three years each.

Structure and Management

The charity is governed by a Board of Trustees which meets quarterly. The Finance, Audit and Risk Sub-Committee of the Board meets quarterly to monitor financial performance and risk. A Trustee is appointed to the specific roles of Treasurer and Safeguarding Lead.

The Chair and Chief Executive meet regularly and any matters requiring attention outside regular Board meetings are escalated to Trustees as necessary.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Day to day running of the charity is delegated to the Chief Executive. The charity is staffed by paid employees, supported by volunteers as well as by professionals giving their time and expertise pro bono.

The salary for the key management personnel – the Senior Leadership Team – is reviewed by the Board of Trustees considering industry standards and in line with our Pay and Pension Policy which are set by the Board of Trustees and periodically reviewed. Decisions on pay scales across the staff team are informed by sector and market rates for similar roles.

Risk management

The Trustees recognise their responsibility for establishing and maintaining a robust system of risk management to safeguard the charity's assets and ensure its ability to deliver its charitable objectives. Our Risk Management Policy sets out how risks are identified, assessed, mitigated and managed and how we respond to the significant risks the charity faces.

Approach

Our approach involves a formal, periodic review of the principal risks, covering governance, operational, financial, and reputational. This review is conducted twice a year by the Finance, Audit and Risk Committee and the Board of Trustees, often with input from senior management. We maintain a Risk Register which records the likelihood and potential impact of each identified risk, along with the controls currently in place and any mitigating actions planned or underway. The Finance, Audit and Risk Committee actively reviews the effectiveness of these controls and ensures that the level of residual risk is managed to an acceptable level, and reports its assessment to the Board of Trustees, together with recommendations.

Principal Risks and Mitigating Actions

The following outlines the principal risks that the charity currently faces and the primary actions taken to mitigate them:

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

The Trustees confirm that the systems and controls are adequate and the principal risks have been reviewed and managed throughout the year.

Fundraising

HENRY fully supports the self-regulation of fundraising and is committed to providing its supporters with the best possible levels of service. We work within the guidelines and standards as set out by the Charity Commission to ensure the protection of the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches, and undue pressure to donate. HENRY maintains a formal complaints procedure. During the 2024-25 period we received no complaints regarding fundraising. Our directly employed business development team undertakes all of our fundraising work. However, because of the specialist nature of some of the work, we do from time to time consult with freelance fundraisers for advice to help us communicate effectively with donors and potential donors. They do not conduct fundraising on our behalf.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Financial Review

Summary of financial position at March 2025

HENRY’S total income in the year ended 31 March 2025 was £2,864,004, marginally higher than that achieved in the previous financial year (£2,848,148). Income generated from our Charitable Activities saw a decrease of £41,928. Whilst our Grant Income decreased by £160,818 as our Better Start projects in Bradford came to an end, income from Contracts for Service Delivery increased by £94,661.

Donations and investment income increased by £57,784; we received a large donation from the Garfield Weston Foundation of £40,000.

Overall expenditure increased by £182,024 (6.9%). Of this increase £45,971 was due to higher costs of raising funds as we appointed a dedicated Head of Business Development during the year to March 2025. The increase in charitable activity expenditure of £136,053 was a result of increased staff costs arising from a salary benchmarking review in July 2024, appointment of additional staff resources and a general increase in IT and other overhead costs.

The surplus for the year to 31 March 2025 was £59,944, compared with a surplus of £226,112 in the previous financial year.

Our cash balances (including short term cash deposits) at 31 March 2025 were £1,093,661 compared with £543,459 at the previous year end. This correlates with the decrease in debtors over the period as our credit control procedures improved. Deferred income balances of £719,463 reflect a significant decrease from 2024 (£1,144,084) as we seek to reduce monies held on account of the delivery of services and resources. The VAT liability was reduced as the balance at 31 March 2024 reflected high value invoices raised at the end of that financial year.

As at 31 March 2025, our total reserves were £747,654 (2024: £687,710).

Reserves Policy

Our policy on Reserves is reviewed annually by the Board of Trustees and has a threefold purpose to:

In May 2024 the board approved a change to our Reserves Policy to accommodate the volatility in cashflow as a result of working in arrears with local authorities, the board agreed to hold between 3-6 months of operating costs in reserves to help provide fluctuations experienced.

At the year-end unrestricted reserves amounted to £695,966 compared with £630,060 at 31 March 2024. Last year £35k had been set aside as designated funds to cover additional costs as a result of the salary review which took effect in July 2024; this has now been released to General

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Funds. The free reserves of the charity at the end of March 2025 were £666,160 (2024: £564,555) and these represent approximately 3.5 months of unrestricted expenditure. Free reserves have been calculated as Unrestricted General Funds of £595,060 less the net book value of Fixed Assets of £29,806.

Investment Policy

HENRY invests its excess funds in accordance with its Investments Policy. Our investment approach is very conservative focussing exclusively on secure, interest earning deposit accounts. The Investment Policy is reviewed annually or when there are significant changes in the financial position of the Charity, our strategic objectives, the economic environment or relevant legislation.

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HENRY Report of the Trustees and Financial Statements For the year ended 31 March 2025

Statement of Trustees Responsibilities

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). The trustees have had regard to the Charity Commission’s guidance on public benefit.

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:

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.

Approved by the Trustees on 8 December 2025 and signed on their behalf by

Tracey Chong - Chair of Trustees

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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 2025 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 the provisions available for small entities, in the circumstances set out in note 8 to the financial statements,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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

22

Independent auditors' report

To the members of

HENRY

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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within 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:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 the trustees 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.

23

Independent auditors' report

To the members of

HENRY

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.

(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.

24

Independent auditors' report

To the members of

HENRY

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.

Date: 8 December 2025

Robert Wilson 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

25

HENRY

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

For the year ended 31 March 2025

Restricted
Note
£
Income from:
Donations and legacies
3
5,350
Charitable activities
5
507,276
Investments
-
512,626
Expenditure on:
Raising funds
-
Charitable activities
521,794
7
521,794
Net income / (expenditure)
8
(9,168)
Transfers between funds
3,206
Net movement in funds
(5,962)
Funds at the start of the year
57,650
51,688
Funds at the end of the year
Total income
Total expenditure		 Unrestricted
£
50,575
2,279,254
21,549
2,351,378
88,355
2,193,911
2,282,266
69,112
(3,206)
65,906
630,060
695,966		 2025
Total
£
55,925
2,786,530
21,549
2,864,004
88,355
2,715,705
2,804,060
59,944
-
59,944
687,710
747,654		 2024
Total
£
13,683
2,828,458
6,007
2,848,148
42,384
2,579,652
2,622,036
226,112
-
226,112
461,598
687,710

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.

26

HENRY

Balance sheet

As at 31 March 2025

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		 £
57,746
494,164
96,040
997,621
1,645,571
927,723		 2025
£
29,806
717,848
747,654
51,688
-
695,966
747,654		 2024
£
30,505
46,693
1,484,907
92,185
451,274
2,075,059
1,417,854
657,205
687,710
57,650
35,000
595,060
687,710

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 8 December 2025 and signed on their behalf by

Tracey Chong - Chair of Trustees

27

HENRY

Statement of cash flows

For the year ended 31 March 2025

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase) / decrease in stock
Decrease / (increase) in debtors
(Decrease) / increase in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Dividends, interest and rents from investments
Net cash provided by / (used in) 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		 2025
£
59,944
11,061
(21,549)
(11,053)
990,743
(490,131)
539,015
(10,362)
21,549
11,187
550,202
543,459
1,093,661
997,621
96,040
1,093,661		 2024
£
226,112
8,245
(6,007)
24,014
(694,981)
343,069
(99,548)
(11,275)
6,007
(5,268)
(104,816)
648,275
543,459
451,274
92,185
543,459

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

28

HENRY

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) General information and basis of preparation

HENRY is a charitable company limited by guarantee registered in England and Wales. The registered office address is 6 Elm Place, Old Witney Road, Eynsham, Oxon, OX29 4BD.

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.

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

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

29

HENRY

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

f) Funds accounting

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.

h) Allocation of support and governance costs

2025 2024
Raising funds 3.4% 1.4%
Charitable activities 96.6% 98.5%

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
Computer software Straight line over 5 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.

30

HENRY

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

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

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.

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

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 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.

31

HENRY

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

t) Accounting estimates and key judgements (continued)

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).

2. Prior period comparatives

Prior period comparatives
Income from:
Donations and legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income and net movement in funds
Income from donations and legacies
Donations
Total income from donations and legacies
Prior period comparative:
Donations
Total income from donations and legacies		 Restricted
£
5,000
668,094
-
673,094
-
632,109
632,109
40,985
Restricted
£
5,350
5,350
Restricted
£
5,000
5,000		 £
8,683
2,160,364
6,007
2,175,054
42,384
1,947,543
1,989,927
185,127
Unrestricted
£
50,575
50,575
Unrestricted
£
8,683
8,683
Unrestricted		 2024
Total
£
13,683
2,828,458
6,007
2,848,148
42,384
2,579,652
2,622,036
226,112
2025
Total
£
55,925
55,925
2024
Total
£
13,683
13,683

3. Income from donations and legacies

4. Government grants

The charitable company receives government grants, defined as funding from The National Lottery Community Fund to fund charitable activities. The total value of such grants in the period ending 31 March 2025 was £507,276 (2024: £668,094). There are no unfulfilled conditions or contingencies attaching to these grants in 2024/25.

32

HENRY

Notes to the financial statements

For the year ended 31 March 2025

5. Income from charitable activities

Income from charitable activities
Grants (note 6)
Direct contracts
Training commissions
Sales of resources
Licence fees		 Restricted
£
507,276
-
-
-
-
507,276		 £
-
1,260,501
526,180
245,549
247,024
2,279,254
Unrestricted		 2025
Total
£
507,276
1,260,501
526,180
245,549
247,024
2,786,530		 2024
Total
£
668,094
1,165,840
558,911
210,016
225,597
2,828,458

All income from charitable activities in the prior period was unrestricted, except £668,094 of grant income, which was restricted (see note 6)

6. Grants receivable

Big Lottery Fund grants:
Better Start Bradford – Healthy Families project
Better Start Bradford – Cooking for a Better Start project
Better Start Blackpool - Start4Life
Better Start Bradford - Start4Life
Oral Health - Blackpool
Better Start Blackpool – Infant and Young Child
Feeding Service		 2025
£
107,683
1,773
182,383
146,133
60,583
8,721
507,276		 2024
£
197,347
75,453
169,944
140,165
57,876
27,309
668,094

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

33

HENRY

Notes to the financial statements

For the year ended 31 March 2025

7. Expenditure

Expenditure
Staff costs (note 9)
Trainer costs
Delivery costs
Cost of resources
IT and communications
Other staff costs
Premises costs
Irrecoverable VAT
Business costs
Office costs
Depreciation
Audit and accountancy
Marketing costs
Development costs
Sub-total
Total expenditure
Allocation of support and
governance costs
Trustee and board meeting
expenses		 Raising funds
£
55,100
-
-
-
-
-
-
-
-
-
-
-
7,701
-
-		 Charitable
activities
£
1,580,679
190,435
125,615
81,456
-
-
-
-
-
-
-
-
-
4,421
-		 £
507,839
-
-
-
64,822
44,367
38,657
31,786
27,879
21,700
11,061
9,000
-
-
1,542
Support and
governance
costs		 Total 2025
£
2,143,618
190,435
125,615
81,456
64,822
44,367
38,657
31,786
27,879
21,700
11,061
9,000
7,701
4,421
1,542
62,801
25,554		 1,982,606
733,099		 758,653
(758,653)		 2,804,060
-
88,355 2,715,705 - 2,804,060

Total governance costs in the year were £10,542 (2024: £9,642).

34

HENRY

Notes to the financial statements

For the year ended 31 March 2025

7.
Expenditure (continued)
Prior period comparative
Staff costs (note 9)
Trainer costs
Delivery costs
Cost of resources
IT and communications
Other staff costs
Premises costs
Irrecoverable VAT
Business costs
Office costs
Depreciation
Audit and accountancy
Marketing costs
Development costs
Sub-total
Total expenditure
Allocation of support and
governance costs
Trustee and board meeting
expenses		 Raising funds
£
20,991
-
-
-
-
-
-
-
-
-
-
-
12,918
-
-		 £
1,506,546
219,976
147,917
95,492
-
-
-
-
-
-
-
-
-
1,432
-
Charitable
activities		 £
400,784
-
-
-
54,783
32,668
58,393
11,203
17,361
22,413
8,245
9,525
-
-
1,389
Support and
governance
costs		 Total 2024
£
1,928,321
219,976
147,917
95,492
54,783
32,668
58,393
11,203
17,361
22,413
8,245
9,525
12,918
1,432
1,389
33,909
8,475		 1,971,363
608,289		 616,764
(616,764)		 2,622,036
-
42,384 2,579,652 - 2,622,036

35

HENRY

Notes to the financial statements

For the year ended 31 March 2025

8. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' remuneration:
▪Statutory audit (excl. VAT)		 2025
£
11,061
Nil
1,238
8,800		 2024
£
8,245
Nil
421
8,400

During the year, 5 trustees (2024: 4) were reimbursed for travel costs relating to attendance at board meetings.

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension contributions
Redundancy payments		 2025
£
1,834,823
161,686
147,109
-
2,143,618		 2024
£
1,658,645
127,278
140,144
2,254
1,928,321

In the prior year, redundancy payments totalling £2,254 were paid to two employees. No amounts were outstanding as of 31 March 2024.

Employees earning more than £60,000 during the year:
Between £60,000 and £70,000
Between £70,000 and £80,000		 2025
No.
1
1		 2024
No.
1
1

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 £204,140 (2024: £246,641).

Average head count 2025
No.
103		 2024
No.
94

36

HENRY

Notes to the financial statements

For the year ended 31 March 2025

10. Tangible fixed assets

Cost
At 1 April 2024
Additions in the year
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11. Stock
Finished goods
12. Debtors
Trade debtors
Prepayments
Accrued income
Other debtors		 £
5,739
608
6,347
5,547
146
5,693
654
192
Fixtures and
fittings		 £
44,518
-
44,518
24,567
4,691
29,258
15,260
19,951
Leasehold
improvement		 £
18,941
3,520
22,461
8,579
5,394
13,973
8,488
10,362
Computer
equipment		 £
-
6,234
6,234
-
830
830
5,404
-
2025
£
57,746
2025
£
361,601
36,185
94,938
1,440
494,164
Computer
software		 £
69,198
10,362
Total
79,560
38,693
11,061
49,754
29,806
30,505
2024
£
46,693
2024
£
1,266,908
29,673
188,326
-
1,484,907

37

HENRY

Notes to the financial statements

For the year ended 31 March 2025

13. Creditors: amounts falling due within 1 year

Creditors: amounts falling 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		 2025
£
24,203
37,931
64,828
50,587
719,463
30,711
927,723
1,144,084
(1,144,084)
719,463
719,463		 2024
£
45,589
33,574
124,182
48,566
1,144,084
21,859
1,417,854
868,746
(868,746)
1,144,084
1,144,084

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.

14. Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at 31 March 2025
Prior period comparative
Tangible fixed assets
Net current assets
Net assets at 31 March 2024		 Restricted
funds
£
-
57,650
57,650		 Restricted
funds
£
-
51,688
51,688
£
-
35,000
35,000
Designated
funds		 General
funds
£
29,806
666,160
695,966
General
funds
£
30,505
564,555
595,060		 Total
funds
£
29,806
717,848
747,654
Total
funds
£
30,505
657,205
687,710

38

HENRY

Notes to the financial statements

For the year ended 31 March 2025

15. Movements in funds

Movements in funds
Restricted funds:
Big Lottery Fund:
Total restricted funds
Unrestricted funds:
Designated funds:
Pay review
General funds
Total unrestricted funds
Total funds
Better Start Bradford –
Cooking for a Better Start
project
Better Start Blackpool -
Infant and Young Child
Feeding Service
Better Start Blackpool -
Start4Life
Better Start Bradford -
Start4Life
Oral Health Blackpool -
Start4Life
Total designated funds
Better Start Bradford –
Healthy Families project		 At 1 April
2024
£
(1,038)
(1,744)
20,605
39,551
-
276
57,650
35,000
35,000
595,060
630,060
687,710		 £
108,033
1,773
182,383
146,133
65,583
8,721
Income		 £
(110,201)
(29)
(169,714)
(175,819)
(65,583)
(448)
(521,794)
-
-
(2,282,266)
(2,282,266)
(2,804,060)
Expenditure		 £
3,206
-
-
-
-
-
3,206
(35,000)
(35,000)
31,794
(3,206)
-
Transfers
between
funds		 At 31
March
2025
£
-
-
33,274
9,865
-
8,549
512,626 51,688
- -
- -
2,351,378 695,966
2,351,378 695,966
2,864,004 747,654

39

HENRY

Notes to the financial statements

For the year ended 31 March 2025

15. 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 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 received 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 received 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 provided includes infant feeding support, workshops to support safe responsive feeding and workforce training.

Better Start Blackpool - Start4Life

Start 4 Life funding enabled HENRY Blackpool to expand the Better Start Infant Feeding programme into the community, enhancing family outcomes in diet and nutrition. The funding supported weekday availability in Family Hubs and workshops on baby feeding and starting solids.

Better Start Bradford – Start4Life

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

Oral Health Blackpool - Start 4 Life

Start 4 Life funding allowed HENRY Blackpool to establish an Oral Health service, including a coordinator to promote child dental registration, deliver practitioner training and Healthy Teeth workshops, and spread preventative oral health messages in nurseries, community venues, and schools. Collaboration also began to boost participation in the Supervised Brushing Scheme in Early Years settings.

Transfers

The transfer from general funds to Better Start Bradford – Healthy Families project relates to increased staff costs that were incurred by the charity.

The transfer from designated funds to general funds was made to cover the planned increase in salaries during the year.

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HENRY

Notes to the financial statements

For the year ended 31 March 2025

15. Movements in funds (continued) Prior period comparative

Restricted funds:
Big Lottery Fund:
Total restricted funds
Unrestricted funds:
Designated funds:
Marketing
Service development
Premises
Pay review
General funds
Total unrestricted funds
Total funds
Total designated funds
Oral Health Blackpool -
Start4Life
Better Start Bradford –
Healthy Families project
Better Start Bradford -
Start4Life
Better Start Bradford –
Cooking for a Better Start
project
Better Start Blackpool -
Infant and Young Child
Feeding Service
Better Start Blackpool -
Start4Life		 At 1 April
2023
£
(5,886)
(2,472)
11,441
13,582
-
-
16,665
42,992
27,400
5,000
-
75,392
369,541
444,933
461,598		 £
202,347
75,454
169,943
140,165
57,876
27,309
Income		 £
(197,499)
(74,726)
(160,779)
(114,196)
(57,876)
(27,033)
(632,109)
-
-
-
-
-
(1,989,927)
(1,989,927)
(2,622,036)
Expenditure		 £
-
-
-
-
-
-
-
(42,992)
(27,400)
(5,000)
35,000
(40,392)
40,392
-
-
Transfers
between
funds		 At 31
March
2024
£
(1,038)
(1,744)
20,605
39,551
-
276
673,094 57,650
-
-
-
-		 -
-
-
35,000
- 35,000
2,175,054 595,060
2,175,054 630,060
2,848,148 687,710

41

HENRY

Notes to the financial statements

For the year ended 31 March 2025

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		 2025
£
20,000
45,000
Land and		 2024
£
7,500
-
buildings		 2025
2024
£
£
1,920
1,920
3,840
3,840
Office equipment

17. Related party transactions

There were no related party transactions in the current or prior period.

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