ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
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
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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 13 | Notes to the Financial Statements |
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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 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES AT 31 MARCH 2024 S Limond Chair H F Shanks Resigned 18 September 2023 V C Williams M Parker B Thomas K Clark M A Allen A Tann K J Mcguire Appointed 18 September 2023
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
J Irvine-Smith FCIE Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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HOME-START SURREY
TRUSTEES ANNUAL REPORT 31 MARCH 2024
Structure, governance and management
Home-Start Surrey is a registered charity, no 1154913, and a registered company limited by guarantee, no 08619881 (England and Wales). It is controlled by its governing document, Memorandum and Articles of Association. Its registered office is at Vernon House 28 West Street Farnham Surrey GU9 7DR.
The Trustees who are also the Directors for the purposes of the Companies Act 2006 are:
S Limond
K Clark V C Williams K J Mcguire (from September 2023)
M A Allen M Parker A Tann B Thomas H F Shanks (until September 2023)
Trustees are elected by the Members or co-opted by the Trustees.
Public benefit
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. 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.
Activities, Aims and Objectives
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 funding bids and grant applications.
Achievements
Achievements in 2023-2024 were that the eight local Home-Starts continue to provide free, confidential and nonjudgemental support by trained volunteers to families with youg children, mostly by home-visiting and running parenting and other training groups. Home-Start Surrey negotiates for grant from various organisations and distributes to the local Home-Starts.
Risk
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.
Reserves
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.
Financial Review
Free reserves at 31 March 2024 were £4,570 as represented by unrestricted net current assets (2023: £6,540).
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IIOME-START SURREY TRusfEES ANNUAL REPORT AS AT 31 MARCfrI 2074 Thè Dir•rtors are also respDnsibl• for m•int•inifva •d•qu•t• •ccountin9 rcord5 which diSCk wth rn•son•bl• atturacy at any timo th• finan¢wl position d th• company •nd which arn 5uffia•nt to $W and •xpl•ln th• comp•nv' trans•Ction5 •nd •n•bkn th•rn to ensuT• thèt th• finnci•l stattm•nts comply with th• Comp•ni•s Act 2006 and cornply with rn9ulatKJns made und•r the Charitses Att. Th•y 4r• also r•spMsibl• for s•f9uarding th• a•1$ of th• compbny and h•nc• for taking r•asonable SWS for pr•¥•ntion and d•t•ctsM of fraud •nd othw irT•gul•rlti•s. bl m•k• jud9•rnwts •rrtl •stim•t•s th•t ar• r••soMbl• and prud•nt: pry•r• th• finKKi•l st•t•fflts ¢n th• going conc•rn bw's 1•$$ it is iMpprogrl•t• to grnsum• th•t th• ch•rity wlll continu• In buy"n•ss: d) stst• wh•ther •pplicabl• accountir4J standards and st•t•n•nts ol r•cornm•nd•d pr•ctic• h•v• b••n follow•d. sUbrt trj any m•t•rf•l dyrturns disckts•d and •xpkiMd in th• fin•nd& st•t•m•nts. Th• Dir•ctor5 •r• also r•5ponsibh for th• of thè Dir•ctrJrs' r•port. ènd th• r•sponyblity of th• ind•p•nd•fit •xamin•r in r•lalion to Dir•cttrs' rwort is limfit•d to •x•mining th• r•port •nd •nsunTrJ t on th• fac• of th• r•port th•r• ar• no inconsist•w vlith th• figur•s disckns•d in th• fbMnu•l st•t•m•nts. This report h•5 b••n pr•parnd In •cridw with th• 5p•cW prov&ion5 fty srn•ll Comp urthr P•rt 15 01 th• Companws Act 2006. l opprov• th• attach•d st•twnent of fin•ncial Ktivli•s and b•lKK• sh••t frjr th• y••r •nd•d 31st M•rth 2024 and confirm that I hav• mad• availabl• •ll Intornn•tn rC•$s•1 fDr St5 PfTp•ration. Sffjn•d by on• or two trustMdW•Ctors M b•h•ff ol all Pnnt N•rn'. D•t• CA approval .
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the charity trustees on my examination of the accounts for Home-Start Surrey for the year ended 31st March 2024 set out on pages 7 to 13.
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’).
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 Association of Charity Independent Examiners, 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:
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accounting records were not kept in respect of Home - Start Surrey as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Date : 29 November 2024
Signed :
J Irvine-Smith FCIE Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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HOME-START SURREY
STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 MARCH 2024
(Incorporating Income & Expenditure Account)
| Notes INCOME AND ENDOWMENTS FROM: Donations & Legacies 3a Other Income 3b TOTAL INCOME EXPENDITURE ON: Charitable Activities 4a Governance Costs 4b TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Transfer Between Funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Mar-24 31-Mar-23 £ £ £ £ 307,248 - 307,248 356,952 15 - 15 37 307,263 - 307,263 356,989 307,473 - 307,473 357,829 1,760 - 1,760 6,706 309,233 - 309,233 364,535 (1,970) - (1,970) (7,546) - - - - (1,970) - (1,970) (7,546) 6,540 - 6,540 14,086 4,570 - 4,570 6,540 |
|---|---|
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 9-13 form part of these financial statements.
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HOME.sfART SURRrf c•MpV R•gi•tratitin Numb•r . 15881 BALAIICE SIIEET AS AT 31 MARCH 2024 Unr•strKtsd R•stntt•d Funds Tot•1 31-M•Tr24 Tangible As5•ts C•sh at Bank & in Hand S.280 100 5,280 100 7,140 Total Curr•nt A•xts Cv•dltors: arntnts duo WFthin one ytar 810 810 600 4.570 4.570 6,540 TOTAL ASSETS l•ss curr•nt liits.irt 4570 4.570 6,540 crlt¢' amounts dw• in ov•r one y•ar 4.570 4,570 6.540 Fuhds ol the Ch•rlty G•n•r&l Funds Restncted Funds 4,S70 4.570 6,540 T)t•l Fund• Dlrncl•r•' R••ptsnslbllltie• For th• finaMial yr •nding 31 Marth 2024 th• thanty w•s •ntitl•d io u•mption fvom •udit und•r s•ctiw 477 01 th• Comp•ni•s Art 2006 r•l•lin9 to small comwnrts. . Th• M•rnb• h•v• not T•quirnd th• th¥ity to obt•in an audit of for th• y••r in qstiOn in •ccord•nc• with s•ction 476 of th• Companits Act; Ind . Th• directtsrs adtnowl•dg• their responsib'lity"•s ftsr ¢ornplying with th• rn4UiT•m•nts of th• CoMni•S Act with io accountino rffords arrfl pr•par•ts'on of xctyjnts. Th•s• accounts hav• b• pr•p•r•d in •ccrffd•nc• with th• pro¥isiors appliubh to yn•ll cpmp•ni•s subJKt to th• small tompans rngirrv4. gn•d by on• or lYll*s/d1rnrtDrs on b•h•ll of •ll Signaturp: Pnnt Narn•.' Dat• of apprDV41 .
HOME-START SURREY
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)).
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
Home-Start Surrey 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.
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.
The charity has opted to prepare its accounts using natural categories.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
Material prior period errors
No material prior year errors have been identified in the reporting period. Some items of income and expenditure have been reclassified to provide clarity. Overall figures have not been changed.
The particular accounting policies adopted are set out below.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the income;
▪ it is more likely than not that the Directors will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Tax reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Gifts in Kind
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
Government Grants
The charity has received government grants in the reporting period.
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HOME-START SURREY
NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31 MARCH 2024
1. ACCOUNTING POLICIES (Continued)
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
Donated Services and Facilities
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
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.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Taxation
Home-Start Surrey is not registered for Value Added Tax and therefore expenditure is shown inclusive of Value Added Tax.
Home-Start Surrey is recognised as a charity by H M Revenue & Customs and therefore benefits from certain exemptions on income and gains, to the extent that they are applied for charitable purposes.
Funds
Funds held consist of:
▪ Unrestricted General Funds which are used for general running of the charitable company
▪ Designated Funds which have been ring-fenced for a specific purpose by the Trustees
▪ Restricted funds, the purpose of which has been specified by the donor
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HOME-START SURREY
NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31 MARCH 2024
2. FIXED ASSETS
The Charity held no fixed assets during this or the previous financial year.
3. INCOME AND ENDOWMENTS
| a) Donations & Legacies Donations & Legacies Surrey County Council via SCT Surrey County Council (Heartlands contract) St Faith b) Other Income Bank Interest Received 4. EXPENDITURE a) Charitable Activities Grants Payable to Schemes East Surrey Elmbridge Epsom, Ewell & Banstead Guildford Runnymede & Woking Spelthorne Surrey Heath Waverley Other Charitable Activities Media and Website Costs |
Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Mar-24 31-Mar-23 £ £ £ £ 1,356 - 1,356 20 200,892 - 200,892 200,892 80,000 - 80,000 121,040 25,000 - 25,000 35,000 307,248 - 307,248 356,952 15 - 15 37 15 - 15 37 Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Mar-24 31-Mar-23 £ £ £ £ 24,061 - 24,061 26,174 30,617 - 30,617 32,730 37,081 - 37,081 43,150 46,367 - 46,367 56,642 66,693 - 66,693 82,092 39,986 39,986 48,067 22,233 - 22,233 24,346 39,022 - 39,022 43,289 1,413 - 1,413 1,339 307,473 - 307,473 357,829 |
|---|---|
The charitable company provides grants as received to each of the Home-Start organisations based in Surrey.
b) Governance Costs
| Legal and Professional Fees Independent Examiner's Fee Training Courses and Course Refreshments Other Costs Bank Charges and Fees |
13 - 13 13 630 - 630 600 702 - 702 5,948 350 - 350 73 65 - 65 72 1,760 - 1,760 6,706 |
|---|---|
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HOME-START SURREY
NOTES TO THE FINANCIAL STATEMENTS (continued)
AS AT 31 MARCH 2024
5. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand 6. DEBTORS AND PREPAYMENTS Other Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ 5,280 - 5,280 7,140 5,280 - 5,280 7,140 Unrestricted Restricted Total Total Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ 100 - 100 - 100 - 100 - |
|---|---|
7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee Other Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-24 31-Mar-23 £ £ £ £ 630 - 630 600 180 - 180 - 810 - 810 600 |
|---|---|
8. 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.
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Home-Start Surrey held no restricted or designated funds during this or the previous financial year.
CURRENT FINANCIAL YEAR
| Net Current Assets PREVIOUS FINANCIAL YEAR Net Current Assets |
Unrestricted Restricted TOTAL Funds Funds 2024 £ £ £ 4,570 - 4,570 4,570 - 4,570 Unrestricted Restricted TOTAL Funds Funds 2023 £ £ £ 6,540 - 6,540 - 6,540 - 6,540 |
|---|---|
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HOME-START SURREY
NOTES TO THE FINANCIAL STATEMENTS (continued) AS AT 31 MARCH 2024
10. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (08619881) and is a Charity registered with the Charity Commission (1154913) 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 2024/(2023) |
2024 £ (1,970) - (1,970) 6,540 4,570 |
2023 £ (7,546) - (7,546) 14,086 6,540 |
|---|---|---|
11. STAFF COSTS AND NUMBERS
No staff were employed during this or the previous financial year.
Therefore, no staff received emoluments in excess of £60,000 (2023:None).
12. TRUSTEES/DIRECTORS AND OTHER RELATED PARTY TRANSACTIONS
No payments were made to Trustees 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.
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