## **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 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 13|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 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 3 ## **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). 4 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 r*cord5 which diSCk￿ wth rn•son•bl• atturacy at any timo th• finan¢wl position d th• company •nd which arn 5uffia•nt to $￿W and •xpl•ln th• comp•nv' trans•Ction5 •nd •n•bkn th•rn to ensuT• thèt th• fin*nci•l stattm•nts comply with th• Comp•ni•s Act 2006 and cornply with rn9ulatKJns made und•r the Charitses Att. Th•y 4r• also r•spMsibl• for s•f*9uarding th• a￿•1$ 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•ffl￿ts ¢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. sUb￿rt 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•ctt*rs' 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 •cri*dw￿ 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•t￿n r￿C•$s•￿1 fDr St5 PfTp•ration. Sffjn•d by on• or two trustM￿dW•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: 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. Date : 29 November 2024 Signed : J Irvine-Smith FCIE Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 6 ## **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. 7 HOME.sfART SURRrf c•Mp￿V 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: arnt￿nts 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 cr￿lt¢￿' 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 y￿r •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 q￿stiOn 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• CoM￿ni•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 tompan*s rngirrv4. gn•d by on• or lY￿ll*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. 9 ## **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 10 ## **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**| |---|---| 11 **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**| |---|---| 12 ## **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. 13