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2023-03-31-accounts

+1￿ME STIRT Greenwich Home-start Greenwich Annual Report & Audited Accounts 1 April 2022- 31 March 2023 (omparty Limited b¥GukranteeRe8istratioTrNumbÈfD86763761Èngiano aDOWJieslChariiy Re8I5tration Nurnb•r 11898971-1 formerly110322601 Banker5 Meirg Bank. One 5outh8mplon Row. Lonoon WC185HA Auditor5Simpson Wreford.WollesleyHouseDuk&ofWellingtnn Avenue, RoyalAr5EDal. iondon.51186SS

Kingsley Hyne, Chair Appointed 3May 2022
Sonia Olsen
Carolyn Herbert
Sara Gorgoni
Ana Bortolo
Federica Franco
Elizabeth Aderoju Appointed 3 May 2022
Key Executive Personnel
Leann Cross Chief Executive Director
Joey Sheridan Contracted Finance Director
Mirela Siminiceanu Deputy Director
Rachel Cope Director of Operations
John Egan Director of HR, People &Strategy
Resignations
Michael Burgoyne 1 December 2022
Sara Poke 1 December 2022
Siobhan Smyth 1 December 2022

Total staff 67
Internal
promotions		 and job reviews
Volunteers moving into paid roles
Percentage ofour staff living in the Royal 60%
Borough of Greenwich community
Engagement survey —organisational ~ I make a difference.
statements highlighting areas ofstrength ~ My work has special meaning
and is not just ajob.
~ My contribution to the cornrnunity.
~ The level ofresponsibility
that
I have.
Ifeel a sense ofpride in what
I achieve at work.
~ People are made to feel welcome when they join HSG.
Turnover Research indicates sector turnover rate isat an average of Turnover fluctuates between negligble to above the sector
around
t'5%.		 average within the Erect up.
Post&OVIO life and famgy dedsions
have impacted on		 ~ Tile traditmnal
In-house recruitment		 has suggested snd supported
turnover
in ag sectors.		 our use ofspedagst recrultem toboost the intake ofstsffthough
The cost of living arisis has impacted staff directly. this has come st aprice.
EarlV yean (Ey)recruitment snd shmtagm
Isa borough		 iwde ~ staff sxpectatlons ofemployee value pmpositlons (Evp) suggest
that sffacthm commitment
may not be sufgcient orImportant		 as
Managerial
roles (exmnding		 tocore and support service own wegbalng or famgy raqulmments.
roles) are challenging to fEl. ~ The introduction
ofEyapprenticeships		 snd sponsored
long-term
The general chsgenge ofrecmhmenc
the expectatlon of		 development
forstaff is part ofour strategy		 to retain and grow
Rexiblefhybrtd
working,		 balancing part-time
and fug-time		 tslerit.
employees,
and ingationary		 pressures have created an
expectation ofbetter salary and benefit reviews.
Absence rates Offs data for human,
health		 and social occupations: 4.2% Absence rate is3.6%.
~ Our mntext isthat ofour staff are 96%female, with athird falling
into the 50-69age group. This segment typically has sickness
absence rates whkh are about double the national average.
Employee satisfaction ~ Thesodal care sector (Whldt hss a degree offit) trends the ~ Our commitment
to Improving staff satisfaction comes fram mnning
lowest snmngst lewis ofwnpfoyee mdsfacuon. an externagy managed staff.wide engagement sunmv in 2022.
~ Gallup rsseamh ln tlmug indicates chsgenger for sg sectors in ~ We have a lienchmark
fmm our Initial 2022		 survey and have
tenne ofemployee satisfaction. actloned a numberofintemsl
improvements		 to entry levd salades,
team development,
EEP'sand an ImPmved		 EAP snd Wegbelng
offering,

nancial statem ents
ar		 e available
on reque		 st or online via the charities c
2022/2023 2021/2022
Income
RBG Childrens Centre Contract 1,895,961 3,294,007
Early Years Income 597,831 570,857
Commissioned Services Income 19,008 19,008
Restricted
Fundraising		 and grants 109,529 29,184
Unrestricted Fundraising and donations 15,279 50,437
Other Income 31636 129,481
Total Income 2,669,244 4,092,947
Staffing Costs 1,906,825 2,037,570
Operating
Expenses		 566,158 2,137,465
Net profit 196,261 -82,061
2022/2023 2021/2022
Reserves E256,417 E60,156

Increase the representatives and Develop and embed the organi- embed the organi- Secure sustainability
for the Home-Start		 Secure sustainability
for the Home-Start		 Secure sustainability
for the Home-Start
:diversity ofthe trustee board , sational strategy Greenwich
Volunteer Scheme
1
Secure E100kofunrestricted Continue to strengthen areas of Ensure the organisation
is best placed to
funding
in 2023/2024		 expertise in specialist areas continue
delivering
early education		 and
Children's
Centre services
Recognition
from HMRC in the		 Increase the charity's reserves to Build
effective
partnerships,		 steering local
form ofgift aid ' the level setout
in the		 reserves and
national
development		 for under-fives
policy of E800k by 2025 support
Diversify income streams and se- To embed effective systems
and		 Share our successes with wider stakeholders
cure further funding practice to develop business and funders
continuity

Home-start Greenwich Year ended 31 March 2023 Audited Accounts

Unrestricted Unrestricted
Restricted Designated General Yearto Yearto
Funds Funds Funds 31Mar 2023 31Mar 2022
Notes E E E E E
Income from:
Donations &legacies 58,604 12,336 70,940 55,437
Charitable
activities		 50,925 2,493,792 51,115 2,595,832 3,981,952
Other trading activities 2,943 2,943
Investments
Other income 4,080 4,080 55,585
Total income 109529 2493792 70474 2,673,795 4092974
Expenditure
on:
Charitable
activities		 7 40,862 2,455,446 2,496,308 4,167,105
Other expenditure 7 7,282 7,282 7,930
Total expenditure 40,862 2,455,446 7,282 2 503590 4,175,035
Net income/(expenditure) 68,667 38,346 63,192 170,205 (82,061)
Transfers between funds
Net movements
in funds		 68,667 38,346 63,192 170,205 (82,061)
Reconciliation
offunds
Total funds brought forward 25,124 35,D32 60,156 142,217
Total funds carried forward 17 93,791 38,346 98,224 230,361 60,156

Note 2023 2022
6 6
Fixed assets:
Tangible assets 12 33,748 37,990
Current assets:
Debtors 13 95,890 94,364
Cash at bank &in hand 246,854 251,493
342,744 345,857
Liabilities:
Creditors: Amounts falling due within one year 14 146,131 323,691
Net current assets/(liabilities) 196,613 22,166
Total assets less current liabilities 230,361 60,156
Total net assets 230,361 60,156
The funds ofthe charity 17
Restricted income funds 93,791 25,124
Designated
fund		 38,346
General funds 98,224 35,032
230,361 6O
56

Statement o fCashflows
Yearto Yeerto
31-Mar-23 31-Mar-22
6 E
Cash flows from operating activities:
Net cash provided
by/(used		 in) operating activities Cash flows from investing activities: 192196
Cash flows from investing activities:
Interest income
Purchase of property,
plant		 snd equipment (22,384) (11,395)
Sale of property,
plant and		 equipment 80,268
Net cash provided
by/ (used in) investing		 activities 22,384) (11,395)
Change
in cash snd cash equivalents		 in the reporting period (4,639) (123,323)
Cash snd cash equivalents at the beginning of the reporting period 251,493 374,816
Totalcash
and cash equivalents
atthe end ofthe year		 246,854 251,493
Reconciiation ofcash flows from operating activities
Yearto Yearto
31-Mer-23 31-Mar-22
E 6
Net income (expenditure)
in the reporting		 pegod (as per the statement offinancial activities) 170,205 (82,061)
Adjustments
for:
Depreciation
charges		 26,626 22,837
Dividends,
interest and rents from investments
(Increase)/decresse
in debtors		 (1,526) (28,469)
Increase/(decreaselin
creditors		 (177,560) (104,503)
17,745 (192,196)

2.INCONIE FROM DONA TIONS AND L EGACIES
Restricted Unrestncted Yearto Yearto
31Mar 2023 31Mar 2022
f f
Donations 5,836 5,836 17,437
Grants received
RBG-Small Grants Funding 8,550 8,550
RBG-Winter Grants Scheme 2022 9,000 9,000
RBG - Black History 365 Funding 5,400 5,400
RBG - Innovation
Grant		 10,000 10,000
RBG - Warm Spaces Grant 2,000 2,000
RBG —COVID-19 25,000
R86 - Get digital scheme 1,500
The Armed Forces - Army Covenant Funding Grant 23,654 23,654
8&QFoundation-
School House Project		 5,000
The Goldsmiths
Company		 Charity 6,500 6,500 6,500
58,604 12,336 70,940 55437

Restdcted Unrestdcted Unrestricted Yearto Yearto
Designated
E		 General
E		 31Mar 2023
f		 31Mar 2022
f
Chrldren's
Centre Contract		 1,895,961 1,895,961 3,294,007
Creche Together for Two's 335,701 M5,701 349,429
Stay &Play 16,255 16,255 7,130
Early Years Pupil Premium 2,448 2,448 6,932
Nursery 243,427 243,427 207,366
RBG —Jubilee Festival Fundmg 6,000 6,000
South London and Maudsley NHS Foundation Trust 36,925 36,925
Commissioned Servrces 19,008 19,008 19,008
Start-Well Trust - Mobilisstion 32,107 32,107 73,896
Grants received
Home-Start UK -Volant Charitable Trust 8,000 8,000
Home-Start UK - Army Central Grant
Home-Start UK -Super Charged Communities 10,194
Home-Start UK - Pean Recovery & Resilience 10,000
Home Start UK - Cadng for families 3,990
Other
50,925 2,493,792 51,115 2,595,832 3981952

Restricted Unrestricted Year to Yearto
31Mar2023 31Mar2022
E E E

Restricted Unrestricted Yearto Yearto
31Mer 2023 31Mar 2022
8 8
Coronavirus Job-Retention Scheme 46,005
Other income 3,520 3,320 9,580
Rent Received 560 560
4,080 4,080 SS,SSS
7.1EXPENDITURE BYCOST CATEGORY
Yearto Yearto
Note 31Mar 2023 31Mar 2022
Charitable
activities
Staff costs 1,932,881 2,037,570
Start-well trust 1,599,766
Professional fees 125,313 140,644
Staff travel and other expenses 1,379 3,148
Staff training 17,030 8,353
Staff recruitment 4,856 1,033
Direct project costs 19,596 3,304
Refreshments 14,956 16,573
Commissioned services 8,225 17,489
Outings, trips &activity costs 4,754 9,046
Advertising 1,829 12,924
premises costs 90,523 74,637
Repairs, maintenance
&cleaning		 126,329 104,115
Insurance 32,745 33,100
Events &meetings 3,053 772
Office costs 49,904 60,127
Computer costs 35,935 40,271
Other costs 374 18,604
Depreciation 26,626 22,837
2,496,308 4,167,105
Other
Bank charges 3,322 3,970
Audit fees 3,960 3,960
7,282 7,930
Total 2,503,590 4,175,035

Culdiwi'I Culdiwi'I Culdiwi'I Culdiwi'I cmitias cmitias cmitias
IGG bamlidd Pbmslead Total
Scheme Giaohha canlwes sglbgton Glyndon Mulgme plumcioft pluestead Thesbde Nusenf Nuns
31eanhgnu
Coisltlcms SIB6 5436
children' s carne 178S?0 331522 2?ssgs 2731el9 2?sse 213aM - 312,973 314,709 Cd?TS37
Stay G Play 16255 In?55
coimselnmd Smwciw 29BNt tsate
Punaseis gens 2043 2,943
Iubdti! pitstiml rtmdiiw 644NI sgsm
sauthlombn and Maueley Nus pouebtbn7msr 36325 36B?5
oeergens 74104 s,su
scott me Tinct. Iykimsalwn 32307 32,107
Odmchnonb 4480 ene
fimstiiiimt Iiwoiiia
20 19 331 22 V3 273 9 27 9fe 273 31?.973 31 739 737fs
unpeetuusyusan
feihbn'sanbm
8!6lief ledihled Cbaral Cebe. plumbed sroolhs IhdeTcelher plmeal Tel
Glee I865cbee 6wnls General Inwiha cwdaes bgam ndsn Mullrwe plumcioh plumbed Theaade TalelheibrTwos T erforbws loiTwas ewe 31lbwhi
AIMlmundeitalendiecth 6aua auie 5ese IN,141 97917 B7,324 13517 16559 838II7 71761 B9675 N,776 725e
41e3		 B6,BI ue
liippait tetb fNbdod (GG,33 177131 QNS 318B 45349 4234 87e 8257 !SGI3 4588 13377 BPN4
13,%1		 IBIN
Total apauitm ll'fief 251,189 120M 82,373 173B 15 91 Bl N 544 I85396 5I,I53 55OB 52 968
5 up poe coeare a lb cab d to
ewh a		 0 it 8y hwed an a pewtwage of lob lee i autre 4 total cuts iwumd are afair Ie pm enbtl on ofhead ossa the and it as rem uiceu pent on eath attidty.
8.NET INCOMING RESOURCES FOR THE YEAR
This isstated after «ha rging/(crediting):
Yearto Yearto
31Mar 2023 31Mar 2022
E E
Depreciation 26,626 22,837
Operating lease rentals: land &buildings 25,698 36,473
Audit fees 3,960 3,960
Accountancy, payroll and financial management 31,680 55,851
9.STAFF COSTS
Staff costs totalling 61,915,872were as follows:
veer co vearto
31Mar 2023 31Mar 2022
6 6
Wages and saiatias 1,647,444 1,755,646
Social security costs 139,719 141,259
Pension costs 145,718 140,665
Redunda ncy costs
1,932,881 2,037,570
Staff numbers Vaarto vearto
31Mar 2023 31Mar 2022
Ho masts rt —Core 3 3
Ho rnestart —Charitable activities 66 76
69 79

12.TANGIBLE FIXEDASSETS
Total
f
Cost
As at 1Apdl 2022 154,841
Additions 22,384
Disposals
As at31March 2023 177,225
Accumulated
Depreciation
Asat 1Apdl 2022 116,851
Charge forthe year 26,626
Eliminated
on disposal
As at31March 2023 143,477
Net BookValue
As at31March 2023 33,748
As at 31March 2022 37,990
13.DEBTORS
Yearto Yearto
31Mar 2023 31Mar 2022
f f
Trade debtors 92,924 15,460
Accrued income 78,904
Prepayments
and other debtors		 2,966
95,890 94,364

Yearto Yearto
31Mar 2023 31Mar 2022
E E
Trade creditors 64,630 312,303
Accrued expenses 3,960 3,960
Deferred income 43,425
Taxation and social security costs 24,485 102
Other creditors 9,631 7,326
146,131 323,691
15.DEFERRED INCOME
Yearto Yearto
31Mar 2023 31Mar 2022
6 E
Balance atthe beginning ofthe year 282,947
Amounts released to income earned from charitable activities (282,947)
Amounts deferred in the year 43,425
Balance as the year end 43,425
16. ANALYSIS OF NETASSETS BEIWEEN FUNDS 16. ANALYSIS OF NETASSETS BEIWEEN FUNDS
Tangible Current
Assets assets/(Babgltles) Total
Restricted funds 68,667 68,667
Designated funds 38,346 38,346
Unrestricted funds 33,748 89,600 123,348
33,748 196,613 230,361

17.ANALYSIS OF CHARITABLE FUNDS 17.ANALYSIS OF CHARITABLE FUNDS 17.ANALYSIS OF CHARITABLE FUNDS 17.ANALYSIS OF CHARITABLE FUNDS
Balance at Balance at
1Apr2022 Income Expenditure 31March 2023
f f f f
Unrestdcted
funds:
Generalfunds 35,032 70,474 (7,282) 98,224
Designated
funds		 2,493,792 (2,455,446) 38,346
35,032 2,564,266 (2,462,728) 136,570
Restricted funds:
John Lewis Kitchen 10,194 (10,092) 102
School House Project 5,000 5,000
Home-Start
Uk Funding		 9,930 (9,420) 510
RBG - Small Grants Funding 8,550 (750) 7,800
RBG - Winter Grants Scheme 2022 9,000 (3,594) 5,406
RBG - Black History 365 Funding 5,400 (1,509) 3,891
RBG - Innovation
Grant		 10,000 (6,406) 3,594
RBG - Warm Spaces Grant 2,000 2,000
RBG —Jubilee FestivalFunding 6,000 (1,909) 4,091
The Armed Forces - Army Covenant Funding Grant 23,654 (1,006) 22,648
South London and Maudsley NHS Foundation Trust 36,925 (2,836) 34,089
Home-Start
UK - Volant Charitable		 Trust 8,000 (3,340) 4,660
25,124 109,529 (40,862) 93,791
Total funds: 60,156 2,673,795 (2,503,590) 230,361