Registered number: SC280854
Charity number: SC004583
HOME-START DUNDEE
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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HOME-START DUNDEE
CONTENTS
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Reference and administrative details of the Company, its Trustees and advisers
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Independent examiner's report
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Statement of financial activities
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Notes to the financial statements
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HOME-START DUNDEE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
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Ms S McBride (Resigned 8 January 2024)
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Company registered number
SC280854
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Charity registered number
SC004583
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Registered office
3rd Floor Left
30 Whitehall Street
Dundee
DD1 4AF
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Independent Examiner
Douglas Rae
EQ Accountants Limited
14 City Quay
Dundee
DD1 3JA
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HOME-START DUNDEE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial statements of the Home-Start Dundee for the year from 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a Directors' Report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The principal objectives of the Charity are -
(a) To safeguard, protect and preserve the good health, both mental and physical, of children and parents of children.
(b) To prevent cruelty to, or maltreatment of children.
(c) To relieve sickness, poverty and need amongst children and parents of children.
(d) To promote the education of the public in better standards of child care within the area of Dundee and its environs.
There have been no changes in the objectives since the last annual report.
Achievements and performance
a. REVIEW OF ACTIVITIES
We have had another busy year and supported 759 families through our home-visiting, specialised groups and online support projects. Home-Start support is needed more than ever.
We have found that the current cost of living crisis has had a serious impact on so many families, particularly coming straight after the Covid pandemic, with many families struggling like never before. Mental health, isolation and poverty have been major reasons for families being referred to Home-Start together with relationship breakdown, illness, disability, and poor parenting skills.
Recent national surveys have noted that the number of people taking part in volunteering is decreasing. In our experience these past two years we have found that the current challenges around the economy have meant that people do not have the time due to helping with childcare or available funds which have resulted in many returning to work. Some older volunteers still have lingering concerns about visiting families in their homes post covid.
As we have done over the past 39 years staff have responded to families’ needs and have enhanced the type of support we have provided whilst ensuring we stay true to the core values of Home-Start ensuring that difficulties and challenges don’t escalate into crises and family breakdown.
We have been fortunate to have received continued financial support from Dundee City Council, Scottish Government, NHS along with Northwood Charitable Trust, The R S Macdonald Charitable Trust and Inspiring Scotland.
We are grateful to all the Trusts, grant making bodies and other funders who have supported us this year and allowed us to continue to provide support to our families.
The Trustees would like to thank the staff for their excellent work this past year; their dedication and commitment
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HOME-START DUNDEE
Achievements and performance (continued)
are also recognised by the grant giving bodies which has enabled Home-Start Dundee to support more families through the funding of new and ongoing projects funded.
Plans for 2024/25
In March we received funding from The National Lottery Awards for All Community fund for a part time Co-ordinator with the aim of a starting date in May. The Co-ordinator will support families and also support a Volunteer Recruitment drive.
In May we will hold an Open Morning to promote our services and in June, during Volunteers Week we will also hold an Information Morning to promote volunteering.
We will continue to provide support to families through home visiting and specialised groups: Family Group, Young Parents Group, Perinatal Maternal and Infant Mental Health Group and also our Breast Buddies peer support groups together with online support through a variety of media platforms. We will also continue to provide placement opportunities for Social Work students from Dundee University and Robert Gordon University.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
The Reserves Policy established by Trustees has as its object the holding of a reserve fund of at least £61,000 in addition to maintaining a small working balance in our current account. The rationale is that, given the uncertainties about future funding, the reserve fund should be sufficient to finance 3 months of our ongoing expenditure and our exit strategy.
Reserves are regularly reviewed by the trustees and details reported at the quarterly reviews and in the Annual Report and Accounts.
The reserves carried forward at 31 March 2024 total £143,823 (2023 - £106,079), of which £47,487 (2023 -£3,820) are restricted funds.
c. Financial risk management objectives and policies
The Board of Trustees met regularly to discuss possible funding sources and progress, where possible, carry out risk management and expenditure to ensure good financial management.
d. Principal funding
The organisation received £57,934 of its funding from Dundee City Council, Children and Families Service through a service level agreement.
Structure, governance and management
a. Constitution
The charity, which is a recognised charity in Scotland under charity number SC004583, is registered as a charitable company limited by guarantee and was constituted under a Trust deed dated 1 March 2005.
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HOME-START DUNDEE
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Policies adopted for the induction and training of Trustees
Potential Trustees who express an interest in joining the Board are sent out an information pack. Included within this pack is a summary of the Home-Start approach to supporting families, Fact sheets outlining Trustees Roles and Responsibilities and the latest Annual Report together with an application form which requests the names of two referees. Once the completed application form is returned they will be invited to meet with the Chair of the Board and the Manager. Thereafter references will be taken up and the potential Trustee will be invited to observe a Board Meeting. A Declaration of Willingness to Act as a Trustee and all other essential Trustee forms will be completed in order to comply with charitable and company regulations. At all meetings Trustees must declare any conflicts of interest at the outset of the meeting.
d. Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principles of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 25 June 2024 and signed on their behalf by:
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HOME-START DUNDEE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's report to the Trustees of Home-Start Dundee
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I report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 6 to 22.
Respective responsibilities of Trustees and examiner
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The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The 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 financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
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My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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
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In the course of my examination, no matter has come to my attention:
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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 Act and regulation 4 of the Accounts Regulations; and
∙to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations
have not been met; or
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to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.
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This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 27 June 2024
Douglas Rae CA
EQ Accountants Ltd
14 City Quay
Dundee
DD1 3JA
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HOME-START DUNDEE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
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Total funds brought forward
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Total funds carried forward
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The Statement of financial activities includes all gains and losses recognised in the year.
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The notes on pages 8 to 22 form part of these financial statements.
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HOME-START DUNDEE
REGISTERED NUMBER: SC280854
BALANCE SHEET
AS AT 31 MARCH 2024
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Creditors: amounts falling due within one year
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The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 25 June 2024 and signed on their behalf by:
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The notes on pages 8 to 22 form part of these financial statements.
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Home-Start Dundee Limited is company limited by guarantee, incorporated in Scotland on 1 March 2005, operating from its registered office at 30 Whitehall Street, 3rd Floor left, Dundee, DD1 4AF.
The accounts are presented in pounds sterling which is the functional currency of the charity and are rounded to the nearest pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Home-Start Dundee meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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Tangible fixed assets and depreciation
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Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provisions
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Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
The Company is also a member of a multi-employer plan. Where it is not possible for the Company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Income from donations and legacies
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Analysis of expenditure on charitable activities
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Summary by expenditure type
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Analysis of expenditure by activities
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Activities undertaken directly
2024
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
6.Analysis of expenditure by activities (continued)
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Activities undertaken directly
2023
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Grant funding of activities
2023
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Legal and professional fees
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Analysis of support costs
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
6.Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
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Printing, stationery and equipment
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Independent examiner's remuneration
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Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Contribution to defined contribution pension schemes
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The average number of persons employed by the Company during the year was as follows:
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No employee received remuneration amounting to more than £60,000 in either year.
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Trustees' remuneration and expenses
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During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
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During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Prepayments and accrued income
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Statement of funds - current year
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Balance at 1 April 2023
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Balance at 31 March 2024
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Trustee Strategy and Governance
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General Funds - all funds
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Young Parents Co-ordinator
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National Lottery - Family Support Co-ordinator
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RS MacDonald Charitable Trust
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Dundee City Council Children and Families Service
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NHS - Bumps & Beyond Buddies
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Statement of funds (continued)
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Statement of funds - prior year
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Balance at
1 April 2022
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Balance at
31 March 2023
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General Funds - all funds
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RS MacDonald Charitable Trust
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Dundee City Council Children and Families Service
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Home-Start UK Loneliness and Isolation Fund
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NHS - Bumps & Beyond Buddies
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Statement of funds (continued)
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Fund Details:
Unrestricted funds represent the funds that the Trustees are free to use in accordance with the charitable objectives.
The designated Trustee Strategy and Governance fund is earmarked for board strategic work.
The restricted funds are for the following projects:
Cash for Kids - towards the family outing
NHS Breast Buddies - Breast Buddies co-ordinator salary costs
Healthy Choices - Healthy Choices co-ordinator salary costs
RS MacDonald Charitable Trust - Salary costs
Dundee City Council Children and Families Service - Manager and admin salary costs
STV Childrens Appeal - Winter hardship fund for families
NHS Bumps & Beyond Buddies - Bumps & Beyond Buddies co-ordinator salary costs
Inspiring Scotland - Perinatal and infant mental health co-ordinator
Dundee University (iPad) - for the purchase of an iPad
National Lottery - Family Support Co-ordinator - salary costs
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Analysis of net assets between funds
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Analysis of net assets between funds - current period
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Creditors due within one year
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Analysis of net assets between funds - prior period
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Creditors due within one year
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Home-Start Dundee has been notified by the Pensions Trust of the estimated employer debt on withdrawal from the TPT Retirement Solution – Scottish Voluntary Sector Pension Scheme based on the financial position of the Scheme as 30 September 2023. The latest figure supplied as at the 30 September 2023 is £25,528. The debt is due in the event of the employer ceasing to participate in the Scheme or the Scheme winding up.
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HOME-START DUNDEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The charity operates defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The contributions made for the year ended 31 March 2024 amounted to £3,542 (2023 - £3,712).
The charity also participates in the Scottish Voluntary Sector Pension Scheme (SVSPS), a multi-employer scheme which provides benefits to some 102 non-associated employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme, therefore it accounts for the scheme as a defined contribution scheme.
At 30 September 2020, SVSPS had assets of £153.3m and liabilities of £160.0m, resulting in an overall deficit of £6.7m.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, sets out the framework for funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
The contributions made for the year ended 31 March 2024 amounted to £2,846 (2023 - £2,940).
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Operating lease commitments
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At 31 March 2024 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
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