REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
HOME-START WIGTOWNSHIRE |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
HOME-START WIGTOWNSHIRE |
HOME-START WIGTOWNSHIRE |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 17 |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The principal activities of the company are: |
- to provide regular support, friendship and emotional and practical help to families in their own homes, in group settings and by telephone |
- to safeguard, protect and promote positive mental health and wellbeing of both children and parents |
- nurturing healthy relationships, ensuring safe home environments and fostering kind, compassionate communities |
- addressing the structure and inequalities that result in poorer outcomes for families on low incomes |
- to work with other organisations to bring attention to issues affecting children and families and create a strong message around family support |
within the area of Wigtownshire and its environs. |
Public benefit |
Our wider aim is to ensure that these families and children are given the support, assistance and information that they need to help them participate in society and to enjoy a better quality of life. |
We support families in their own homes via weekly visits by trained volunteers. |
We run five weekly family support groups, in strategic areas of the community. |
We provide telephone befriending support to families on a weekly basis. |
We also provide short-term blocks of activity based groups; walking, baby massage and yoga. |
Volunteers |
Our volunteers support families within their own homes when they are experiencing difficulties and stress at particular times in their lives. Volunteers provide both practical and emotional support. They also assist at family groups and offer telephone befriending support to families. |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2023 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
We have been able to provide an appropriate level of help to a large number of local families and children because we as an organisation have continued to receive financial support. We also prepare an Annual Report, including a Co-ordinator's Report and a Chairperson's Report, which provide detailed accounts of our activities and achievements and offer due acknowledgement to all concerned. The Directors commend the 22/23 reports to all interested parties, copies of which are available on request to the Board of Trustees |
The combination of existing poverty and deprivation levels, the growing downturn in the local community, the after effects and anxieties of Covid, which is still amongst us - have all created a perfect storm of family and community problems. |
However, we are effective in working with 'hard to reach' vulnerable families when our sensitive, family-centred, relational approach works effectively. |
We work with families, on their own agreed terms, at their own pace. Our approach is informed by families' needs and circumstances and, through discussion we work towards empowering and making changes to help make family life better and give their children the best possible start in life. |
We supported 75 families over the last reporting year - 113 parents and 136 children. |
29 volunteers in their various roles helped us to deliver our support - by being on our Board of Trustees, home visiting, family groups, telephone befriending, IT, gardening, DIY clothing bank, Bookbug delivery. Our volunteer pool decreased during this year due to volunteer illness, retiral and other commitments - this saw us having to prioritise and staff having to cover volunteer roles at various times to ensure our service delivery was maintained. |
We identified an additional need for groups focussed on delivering baby massage, family yoga sessions and piloted a walking group to promote positive health and wellbeing. |
We saw an increase in referrals for families with safeguarding registration and this resulted in an increased workload and managing priorities to be able to effectively support the statutory processes involved with each family. |
We had planned to recruit a Dad's Worker to provide direct one-to-one and group support to dads residing in Wigtownshire. Unfortunately, despite two recruitment drives during the reporting year - we were unsuccessful in finding a suitable candidate - our work continues supporting dads, through our existing services and we are hopeful in the future to work jointly with other agencies to deliver direct support to dads via group or one-to-one delivery. |
We regularly evaluate our services delivery, and our outcomes measures show that we have the biggest impact on increasing parental confidence and self-esteem, families felt less lonely and isolated, parents felt improvements in their mental and physical health, and they reported improvements in managing behaviours and their children were more confident in social situations and being amongst their peers. |
At the start of 2023 - our Portacabin premises developed irreparable roof damage and we had to revert to a period of home-working again. In April 2023 we moved into temporary premises, offered by CFSW D&G in Ashwood House, Stranraer, where we remain at present. |
As was noted in last year's report, the sum of £5,200 was received from Home-Start Scotland in January 2022 for funding preliminary work on the establishment of a satellite Home-Start operation in Dumfries. This was used in the current financial year to pay fees to two consultants, one of whom worked with the Chair of Home-Start Wigtownshire in preparing an outline plan. From this an application was prepared for funding from the William Grant Foundation. This was submitted in August 2022 and resulted in the award of |
£60,000 annually for two years with the indication that a further £60,000 should be available for a third year subject to the objectives of the grant for the first two years being achieved. |
An additional grant of £10,000 was received from the Cattanach trust towards the project. |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2023 |
The post of Senior Coordinator for Dumfries was advertised in October 2022 and a well qualified candidate was interviewed and appointed in November. She took up her post on 1st February 2023. Also, office space was identified and leased, commencing 1st January 2023, from the Dumfries based charity Food Train at 118 English Street Dumfries. The Senior Coordinator's activities for February and March 2023 consisted principally of induction training, setting up the office, making contacts with potential referring agencies and recruitment of volunteers. Further funding of just under £8,000 was received in February March from South of Scotland Enterprise towards set-up costs, including office furniture, office equipment, and IT. |
The Dumfries project is proceeding well, and it is hoped that the Dumfries satellite will become an independent charity in late 2023 or early 2024. |
FINANCIAL REVIEW |
Financial position |
Net expenditure for the year was £2,842, resulting in an decrease in total reserves such that £151,021 was held at the year end. |
Our principal uninsured liability is redundancy payments for staff, in the event of the charity having to be wound up. To this end an appropriate amount, based on the length of service of the staff has been set aside as a designated fund by the Trustees. This is reviewed and adjusted annually, with the closing balance being £15,871. |
Closing restricted funds held were £70,426. |
Reserves policy |
The Board has established a policy whereby the unrestricted funds held by the charity should be equal to 3 months of resources expended. At this level the Board feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. |
FUTURE PLANS |
With our reorganisations at staff and Board level, continued funding and volunteer support we are looking forward to increasing activity in our primary mission of providing support to families throughout Wigtownshire. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
The Trustees, along with Home-Start UK keep the necessary skill requirements of the Board under review. If new members are required individuals are approached to offer themselves for appointment to the Board, or recruitment is achieved by advertising online (Social Media Platforms and Third Sector D&G website), advertising in the local press, and through personal contacts of Board members. These individuals are sought out for the appropriate skills which the Board has identified are necessary for the Board to fulfill its objectives as efficiently as possible. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2023 |
Trustees |
Independent Examiner |
Bell Ogilvy |
Chartered Accountants |
36 King Street |
Castle Douglas |
Dumfries & Galloway |
DG7 1AF |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
HOME-START WIGTOWNSHIRE |
I report on the accounts for the year ended 31 March 2023 set out on pages six to seventeen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Eilidh Harman BA (Hons) CA |
The Institute of Chartered Accountants of Scotland |
Bell Ogilvy |
Chartered Accountants |
36 King Street |
Castle Douglas |
Dumfries & Galloway |
DG7 1AF |
30 October 2023 |
HOME-START WIGTOWNSHIRE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 12 | (32,139 | ) | 32,139 | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 153,863 |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds: |
General fund | 64,724 | 64,325 |
Redundancy Fund | 15,871 | 23,323 |
87,648 |
Restricted funds | 66,215 |
TOTAL FUNDS | 153,863 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
HOME-START WIGTOWNSHIRE (REGISTERED NUMBER: SC280856) |
BALANCE SHEET - continued |
31 MARCH 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The charity is a public benefit entity. |
There are no material uncertainties which cast doubt on the entity's ability to continue as a going concern,and thus the accounts have been prepared on the going concern basis. |
INCOME |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Voluntary income is received by way of grants, donations and gifts, and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. |
Grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. |
Donated services and facilities are included at the value to the charity where this can be quantified. The value of the services provided by volunteers has not been included in these accounts in line with the SORP FRS 102. |
EXPENDITURE |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
TANGIBLE FIXED ASSETS |
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. |
Only those assets of material value are capitalised, and smaller items are recognised as immediate costs through the Statement of Financial Affairs. Short life assets costing less than £500 are fully charged as expenditure in the year of acquisition. |
TAXATION |
The charity is exempt from corporation tax on its charitable activities. |
FUND ACCOUNTING |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | ACCOUNTING POLICIES - continued |
FUND ACCOUNTING |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
DONATED GOODS |
The charity receives free use of the office building, however the yearly rent can be quantified at £9,600 and this has been included within the accounts as both income and expenditure in line with the Charities SORP (FRS 102). |
FINANCIAL INSTRUMENTS |
Financial Instruments |
Cash |
Cash and cash equivalents comprise cash on hand and call deposits, and other short term high liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
Trade Debtors |
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business. |
Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties. |
Trade Creditors |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. |
Accounts payable are classified as current liabilities if the company does not have conditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are represented as non current liabilities. |
Borrowings |
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of financial activities over the period of the relevant borrowing. |
Provisions and contingencies |
Provisions are recognised when the organisation has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably. |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
2023 | 2022 |
£ | £ |
Big Lottery Fund 3 | 30,416 | 33,980 |
D & G Council | 71,767 | 72,767 |
Cash for Kids | 2,583 | 1,063 |
Home-Start UK | 7,720 | 1,790 |
STV Children's Appeal | - | 3,000 |
Chance to Flourish | - | 4,825 |
The RS MacDonald Trust | 12,767 | 24,506 |
Early Years Scotland Toddlers | - | 500 |
125,253 | 142,431 |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Fundraising events |
4. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
TRUSTEES' EXPENSES |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
7. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Senior Co-ordinator | 1 | 1 |
Office & Administration | 2 | 2 |
Group Support Staff | 2 | 2 |
Family Support/Volunteer Co-ordinator | 1 | 1 |
Family Support Worker | 1 | 1 |
8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 62,331 | 54,735 |
TOTAL FUNDS CARRIED FORWARD | 87,648 | 66,215 | 153,863 |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
9. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Social security and other taxes |
Other creditors |
Accrued expenses |
Other creditors consists of monies received by Home-Start Wigtownshire which are to be used to set up Home-Start Dumfries and will be spent on this purpose in due course. £82,481.17 was received, and £15,475.77 was expensed to the end of March 2023. |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
12. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 64,325 | 25,086 | (24,687 | ) | 64,724 |
Redundancy Fund | 23,323 | - | (7,452 | ) | 15,871 |
25,086 | ( |
) |
Restricted funds |
Big Lottery Fund 3 | 32,374 | (22,113 | ) | (10,261 | ) | - |
Garfield Western Foundation | 1,450 | - | (1,450 | ) | - |
R S MacDonald Trust | 14,006 | (8,241 | ) | - | 5,765 |
Cash For Kids | 222 | 720 | (147 | ) | 795 |
Robertson Trust | 1,075 | (1,075 | ) | - | - |
Tesco Garden Project | 1,036 | (274 | ) | - | 762 |
Bank of Scotland | 451 | - | (451 | ) | - |
Cattanach Trust Dads Group | 1,361 | - | (1,361 | ) | - |
Kilgallioch | 3,156 | (1,488 | ) | 451 | 2,119 |
Hugh Fraser | 3,399 | (3,399 | ) | - | - |
Support Worker | 3,891 | (5,378 | ) | 9,450 | 7,963 |
Chance to Flourish | 3,794 | (1,268 | ) | - | 2,526 |
Big Lottery Family Groups | - | 9,513 | 35,908 | 45,421 |
Volunteer Funding | - | 4,097 | - | 4,097 |
Loneliness & Isolation Fund | - | 978 | - | 978 |
(27,928 | ) |
TOTAL FUNDS | (2,842 | ) | 151,021 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 85,051 | (59,965 | ) | 25,086 |
Restricted funds |
Big Lottery Fund 3 | 1 | (22,114 | ) | (22,113 | ) |
R S MacDonald Trust | 12,767 | (21,008 | ) | (8,241 | ) |
Cash For Kids | 2,583 | (1,863 | ) | 720 |
Robertson Trust | - | (1,075 | ) | (1,075 | ) |
Tesco Garden Project | (1 | ) | (273 | ) | (274 | ) |
Kilgallioch | (1 | ) | (1,487 | ) | (1,488 | ) |
Hugh Fraser | - | (3,399 | ) | (3,399 | ) |
Support Worker | - | (5,378 | ) | (5,378 | ) |
Chance to Flourish | - | (1,268 | ) | (1,268 | ) |
Big Lottery Family Groups | 30,416 | (20,903 | ) | 9,513 |
Volunteer Funding | 4,370 | (273 | ) | 4,097 |
Loneliness & Isolation Fund | 3,350 | (2,372 | ) | 978 |
( |
) | (27,928 | ) |
TOTAL FUNDS | ( |
) | (2,842 | ) |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
12. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 39,008 | 25,317 | 64,325 |
Redundancy Fund | 23,323 | - | 23,323 |
62,331 | 25,317 | 87,648 |
Restricted funds |
Big Lottery Fund 3 | 25,820 | 6,554 | 32,374 |
Garfield Western Foundation | 1,450 | - | 1,450 |
R S MacDonald Trust | - | 14,006 | 14,006 |
Cash For Kids | 640 | (418 | ) | 222 |
Robertson Trust | 2,734 | (1,659 | ) | 1,075 |
Tesco Garden Project | 1,041 | (5 | ) | 1,036 |
Bank of Scotland | 451 | - | 451 |
Cattanach Trust Dads Group | 2,618 | (1,257 | ) | 1,361 |
Kilgallioch | 4,187 | (1,031 | ) | 3,156 |
Hugh Fraser | 5,586 | (2,187 | ) | 3,399 |
Support Worker | 10,208 | (6,317 | ) | 3,891 |
Chance to Flourish | - | 3,794 | 3,794 |
54,735 | 11,480 | 66,215 |
TOTAL FUNDS | 117,066 | 36,797 | 153,863 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 87,704 | (62,387 | ) | 25,317 |
Restricted funds |
Big Lottery Fund 3 | 33,979 | (27,425 | ) | 6,554 |
R S MacDonald Trust | 24,506 | (10,500 | ) | 14,006 |
Cash For Kids | 1,063 | (1,481 | ) | (418 | ) |
Robertson Trust | - | (1,659 | ) | (1,659 | ) |
Tesco Garden Project | - | (5 | ) | (5 | ) |
Cattanach Trust Dads Group | - | (1,257 | ) | (1,257 | ) |
Kilgallioch | 1 | (1,032 | ) | (1,031 | ) |
Hugh Fraser | - | (2,187 | ) | (2,187 | ) |
Support Worker | (1 | ) | (6,316 | ) | (6,317 | ) |
Scottish Government Winter Fund | 3,000 | (3,000 | ) | - |
Chance to Flourish | 4,826 | (1,032 | ) | 3,794 |
67,374 | (55,894 | ) | 11,480 |
TOTAL FUNDS | 155,078 | (118,281 | ) | 36,797 |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
12. | MOVEMENT IN FUNDS - continued |
Purpose of Unrestricted Funds: |
General - for the general purposes of the charity. |
Redundancy - general funds set aside by the Trustees to cover expenses in the event of staff redundancies. |
Purpose of Restricted Funds: |
Big Lottery Fund - funding of 5 family support groups across Wigtownshire: Newton Stewart, Stranraer & Sorbie. This fund ceased on 31/10/22 with the balance of funds remaining being transferred to the Big Lottery Family Groups fund which is a new 3 year project. |
Garfield Weston Foundation - funding towards a part time family support worker post. The balance brought forward from last year has been transferred to the Support Worker fund. |
R S MacDonald Trust - funding towards a part time family support co-ordinator post. |
Cash for Kids - Easter grant award to help support families during the Easter holidays, and further grants to support the purchase of play equipment, Summer basic essentials and Christmas Party costs. |
Robertson Trust - funding towards the cost of a part time family support worker post. This was fully spent in the year. |
Tesco Garden Project - funding to help maintain the family group garden. |
Bank of Scotland - contribution towards volunteer training and expenses, however with their agreement this funding has been repurposed to match fund for a part time support worker post. The fund balance has been transferred to the Kilgallioch fund. |
Cattanach Trust Dads Group - funding to help support Dad's work. The fund balance has been transferred to General reserves. |
Kilgallioch - funding towards volunteer project. |
Hugh Fraser - to contribute towards funding a family support group in Stranraer. This fund was fully spent in the year. |
Support Worker - funding from the Corra Trust & the D & G Anti Poverty Fund towards a part time family support worker post. The remaining balance of £453 from the Cattanach Trust has been moved to this fund. |
Chance to Flourish - funding towards volunteer project. |
Scottish Government Winter Fund - Community Winter Support Fund for families. |
Big Lottery Family Groups - Funding for 5 family support groups around Wigtownshire. |
Volunteer Funding - funding to support our volunteer project. |
Loneliness & Isolation Fund - funding to tackle social isolation and loneliness. In particular helping young parents to build their confidence and to engage with their communities. |
HOME-START WIGTOWNSHIRE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
13. | CONTINGENT LIABILITIES |
Debt on Withdrawal from the Growth Plan: |
When an employer withdraws from a multi-employer defined benefit pension scheme where it is in deficit, the employer must by law, pay its share of the deficit, calculated on a statutory basis known as the buy-out valuation basis. The estimated cost of withdrawal to our organisation has been calculated to be £1,089. This figure has an effective date of 30th September 2022. |
We receive annual updates from the Pensions Trust, follow their guidance and are making additional annual contributions to the deficit. We are fully aware of the extent of the debt and do not intend to withdraw from the Growth Plan. The additional pension contributions paid by us are not significant in our view. We do not believe that our Going Concern Status is affected in light of this development. |
14. | RELATED PARTY DISCLOSURES |
Leia McKie, daughter of the Senior Co-ordinator is employed by the charity. £5,350.73 was incurred by the charity in relation to this employment for the year ended 31 March 2023. |
During the year, the charity purchased flowers to a value of £20 from a business that Jane McQuistin, an employee of the charity, runs. |