# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
# **HOME-START SURREY**
**CHARITY REGISTRATION No: 1154913 COMPANY REGISTRATION No: 8619881**
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
1
## **HOME-START SURREY**
||**CONTENTS**|
|---|---|
|Page 3|Legal & Administrative Information|
|Pages 4 to 5|Directors' Annual Report|
|Page 6|Independent Examiner's Report|
|Page 7|Statement of Financial Activities|
|Page 8|Balance Sheet|
|Pages 9 to 14|Notes to the Financial Statements|
2
## **HOME-START SURREY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1154913 **COMPANY REGISTRATION NUMBER** 8619881 **DATE OF INCORPORATION** 22nd July 2013 **START OF FINANCIAL YEAR** 1st April 2021 **END OF FINANCIAL YEAR** 31st March 2022 **TRUSTEES AT 31 MARCH 2022** L Kent Chair H F Shanks V C Williams R M McGibbon J Bibby resigned 1 January 2022 A Thompson B Thomas S Limond K Clark appointed 17 May 2021 M Parker appointed 1 January 2022
## **OBJECTS**
The stated aims and objectives are the promotion of the efficiency and effectiveness of the Home-Start charities in Surrey, in particular but not exclusively by
(a) helping with the effective attainment of recipient charities objects; and
(b) supporting the administration and infrastructure of the charities, in particular by co-ordinating bids and grant applications.
## **REGISTERED ADDRESS**
Vernon House 28 West Street Farnham Surrey GU9 7DR.
## **INDEPENDENT EXAMINER**
G W Schulz ACMA Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF
3
TRUSTEES ANNUAL REPORT
AS AT 31$t MARCH 2022
Statement of Dlrertors. R•sponslbSlltl8$:
The Diretto are also sponsible for maintaining adequate accounting records which dlsclose with
reasonable accuracy at any time the financS8l position of the company and which are sufficient to show
and explain the company's transactions and enable them to ensure that the financial statements comply
with the Companies Act 2006 and comply with gUlationS made under the Charities Act. They are also
responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the
pventIOn and detection of fraud and other irregularities,
In poparin9 th*e financlal staternents, the trustees are QuIred to:
select sultable accounting poliae5 and then apply them consi5tentlyi
b)
make jud9ements and estimates that are reasonable and prudent:
prepare the financial statement5 on the going concem basls unless it 15 Inappropriate to presume
that the charity will contlnue in busine5S,'
d)
state whether applicable accounting Standards and statements of recomtTTreTrded practlce hève
been followed, subject to any material departures disclosed and explained in the financlal
Statements.
The Dlrectors a also responsible for the of the Directors. report, arnd the responsibility of the
Independent examiner in relation to the Directors. port is limited to examining the report and ensuring
that on the face of the report the a no inconsistencies wlth the figures disclosed in the flnanclal
statements.
BASIS OF PREPARATION
Thls port has been prepared In accordano with the spedal provisions for stnall companies under Part 15
of the Companies Act 2006.
I approve the attathed statement of flnancial artlvltles and balance sheet for the year ended 31st March
2022 and conflrm that I have made 8vaSlable all Infortnation Trece55ary for its preparation.
Approved by the DIrectO on the ...... ..
Signed on thelr behalf by Director
Pnnted Name..
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
I report to the charity trustees on my examination of the accounts HOME-START SURREY for the year ended 31st MARCH 2022 set out on pages 7 to 14.
## **Respective responsibilities of trustees and examiner**
As the charity’s Trustees of HOME-START SURREY (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of HOME-START SURREY are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Respective responsibilities of Trustees and examiner
## **Independent examiner's statement**
Since HOME-START SURREY'S gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Home - Start Surrey as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
G W Schulz ACMA Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF
18 October 2022
6
## **HOME-START SURREY**
## **STATEMENT OF FINANCIAL ACTIVITIES AS AT 31st MARCH 2022**
## **(Incorporating Income & Expenditure Account)**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations & Legacies
**3a**
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-22**
**31-Mar-21**
£
£
£
£
323,078
323,078
282,704|
|---|---|
||**323,078**
**-**
**323,078**
**282,704**|
||315,554
-
315,554
282,677
4,149
-
4,149
1,974|
||**319,703**
**-**
**319,703**
**284,651**|
||**3,375**
**-**
**3,375**
**(1,947)**
10,712
-
10,712
12,659|
||**14,086**
**-**
**14,086**
**10,712**|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 9-14 form part of these financial statements.
7
HOME-START SURREY
BALANCE SHEET
AS AT 31st MARCH 2022
Utricted Restricted
Funds
Funds
Total
Total
31-Mar-22 31-Mar-21
Note
Fixed Assets
Tangible Asset5
Current Assets
Cash at Bank & in Hand
14,626
14,626
11,192
Total Current Assets
14
14,626
11,192
Cr¢dltors: anunts due wlthln one year
540
540
480
NEf CURRENT ASSETS
14,086
14,086
10,712
TOTAL ASSEfs le55 current Ilabllities
14,086
14.086
10.712
Long Temi Liabilities
NET ASSErs
Funds of th• Chority
General Funds
Restrirted Funds
14,086
14,086
10,712
Total Funds
Directors. Responsibllltles
For the finanaal year ending 31 March 2022 the charity was entitled to exemptlon from audit under
section 477 of the Companies Act 2006 relating to small companles.
Oirertovs spOnSibl11t1es
The members have not quIred the charity to obtain an audit of Its accounts for the year in question in
accordance wlth sectlon 476 , and
The dirertors acknowlecjge thelr reswnsibilities for complylng with the requlrements of the Att with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in aeetsrdan with the provisions applicab to companies subjert to
the small companies reglme.
The financial statements on pages 7 to 14 were appmved by the Trustees, and aythorised and signed on
their behalf by..
Approved by the DI¢t0 on the .............................................
Signed on their behalf by Director.......
Prlnted Name..
## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS AS AT 31st MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Cash Flow Statement**
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
9
## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31st MARCH 2022**
## **1. ACCOUNTING POLICIES (Continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Support Costs**_
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.
## _**Pensions**_
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
## _**Operating Leases**_
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
## _**Taxation**_
The charity is exempt from tax on its charitable activities.
## _**Legal Status of the Charity**_
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **2. FIXED ASSETS**
The Charity held no fixed assets during this or the previous financial year.
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## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31st MARCH 2022**
## **3. INCOME AND ENDOWMENTS**
|**a) Donations & Legacies**
Donations & Legacies
Surrey Care Trust
Surrey Heartlands CCG
Pears Foundation|Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-22**
**31-Mar-21**
£
£
£
£
25
-
25
26
200,892
-
200,892
200,892
112,161
-
112,161
81,786
10,000
-
10,000
-|
|---|---|
||**323,078**
**-**
**323,078**
**282,704**|
## **4. EXPENDITURE**
|**a) Grants Payable to Schemes**
East Surrey
Elmbridge
Epsom, Ewell & Banstead
Guildford
Runnymede & Woking
Spelthorne
Surrey Heath
Waverley|Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-22**
**31-Mar-21**
£
£
£
£
21,096
-
21,096
20,937
27,532
-
27,532
27,492
37,175
37,175
34,130
49,801
-
49,801
43,441
76,161
-
76,161
64,150
42,919
42,919
37,197
19,108
-
19,108
19,108
41,762
-
41,762
36,222|
|---|---|
||**315,554**
**-**
**315,554**
**282,677**|
|**b) Governance Costs**
Professional Fees
Independent Examiner's Fee
Training Courses
Other|1,907
-
1,907
1,352
540
-
540
480
1,533
-
1,533
-
169
-
169
142|
|---|---|
||**4,149**
**-**
**4,149**
**1,974**|
The charitable company provides grants on a monthly basis to each of the eight Home-Start organisations based in Surrey.
11
## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31st MARCH 2022**
## **5. CASH AT BANK AND IN HAND**
|Cash at Bank and in Hand|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-22 31-Mar-21**
£
£
**£**
**£**
14,626
-
14,626
11,192|
|---|---|
||**14,626**
**-**
**14,626**
**11,192**|
## **6. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-22 31-Mar-21**
£
£
**£**
**£**
540
-
540
480|
|---|---|
||**540**
**-**
**540**
**480**|
## **7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial year.
12
## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31st MARCH 2022**
## **8. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **CURRENT FINANCIAL YEAR**
|Net Current Assets
**PREVIOUS FINANCIAL YEAR**
Net Current Assets|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2022**
£
£
£
14,086
-
14,086|
|---|---|
||**14,086**
**-**
**14,086**|
||Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021**
£
£
£
10,712
10,712
-|
||**10,712**
**-**
**10,712**|
## **9. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES**
The Company is Limited by Guarantee (07768745) and is a Charity registered with the Charity Commission (1148279) and does not have a Share capital and has no income subject to Corporation Tax.
|Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31st March 2022|**2022**
**£**
3,375
-
**3,375**
10,712
**14,086**|**2021**
**£**
1,947
-
-|
|---|---|---|
|||**1,947**
**-**|
|||12,659|
|||**10,712**|
13
## **HOME-START SURREY**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31st MARCH 2022**
## **10. STAFF COSTS AND NUMBERS**
No staff were employed during this financial year nor the previous year.
No trustee received emoluments in the range of £50,000 to £60,000 (2020:None).
## **11. DIRECTORS AND OTHER RELATED PARTY TRACSACTIONS**
No other payments were made to directors or any persons connected with them during the financial year. No other material transaction took place between the charity and a trustee or any person connected with them.
## **12. RISK ASSESSMENT**
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **13. RESERVES POLICY**
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
## **14. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
14