REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Home-Start in Waverley |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Home-Start in Waverley |
Home-Start in Waverley |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
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 | 14 |
Home-Start in Waverley (Registered number: 06069732) |
Report of the Trustees |
for the Year Ended 31 March 2024 |
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 2024. 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 |
Principal Activities |
The principal objective and activity of the Company consists of offering friendship and informal, practical and emotional support to parents with young children throughout the Farnham, Haslemere, Godalming and Cranleigh areas of Surrey so that every child in the area can have a good start in life. The Company places trained volunteers alongside parents, tailoring support to the individual needs of each family, for as long as it is needed. No charges are levied for any help provided by the Company which acts purely as a charity. |
Home-Start in Waverley (Registered number: 06069732) |
Report of the Trustees |
for the Year Ended 31 March 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Backdrop |
2023/24 has been a very challenging year. The country has been in the grip of a financial crisis with cutbacks in both central and local government and an increased cost of living for everyone. This has led to an increase in demand for our services, with families experiencing continually complex support needs. It has been even more challenging due to a reduction in people's capacity for volunteering and working in a very competitive funding environment. |
Need |
Although a while since the Covid restrictions were in place, the impact of Covid has continued to affect our families. They are still feeling the impact of lengthy isolation and lack of social interaction for their children. |
Nearly three quarters of our families have experienced financial difficulties with increasing use of foodbanks and community cupboards. The Waverley Borough Council Support Fund has been a lifeline for many. |
During support a rising number of parents reported mental health issues and approximately 20% had experienced domestic violence. Additionally, we have noted an increase in families with SEND issues rising to over 25%. As a result, there has been a marked increase in the complexity of support needs. |
Numbers |
The number of referrals has remained high at 88 throughout the year from over 15 partner organisations. However there have been fewer referrals from Health Visitors and other Statutory partners and a steady increase in self-referrals. Across the year 83 Volunteers, staff and group work have supported 256 families including 502 children. |
We are most grateful to all our volunteers for their help and support in a very challenging year. |
What we've done |
Once again, our main focus has been home- visiting support through volunteers. However, there has been a marked increase in demand for our support groups across the Borough. Our family support groups are now well established and this year 87 families have been supported through our links to community groups. |
Team |
We are fortunate to have had a strong and stable team across the year. We were sorry to say goodbye to one of our Crisis Support workers and sadly we were unable to replace her hours due to funding issues. Indeed, the significant funding issues mid-year meant the Trustees were forced to ask the team to take a 10% cut in hours for 3 months while we addressed the shortfall. |
We are extremely grateful to all the team as they have continued their hard work throughout the year despite the cut in hours and uncertainty of funding |
Finances |
We have only been able to provide the service to our families with the support of our funders and we owe a great debt to all the organisations who have supported us this year. |
However, the funding marketplace has changed significantly with many more organisations seeking help from fewer funders. Decision making has been slower with funding criteria changing. This has been particularly true for larger funding opportunities. It meant we were very reliant on more smaller funds. |
However, the team have worked very hard to find new opportunities and thankfully despite a dip in fortunes mid-year we have finished the year very close to the original budget. |
Going forward |
Home-Start in Waverley (Registered number: 06069732) |
Report of the Trustees |
for the Year Ended 31 March 2024 |
Going forward, as always, we can only see the need for our support growing. |
We have significant challenges on two fronts. Firstly, we need to maintain our funding in such a difficult funding marketplace. Secondly, we also need to recruit more volunteers to top up our pool. The current financial pressures mean more people are being drawn back into paid employment and lots of charities are also seeking volunteers. We face a busy year ahead! |
Trustees |
During this financial year we were lucky enough to welcome three new trustees, each inspired by the work we do here at Home-Start in Waverley. With a full complement, two of our existing trustees took the opportunity to step down. We thank them both for their time and dedication in making Home-Start in Waverley the impactful service it is today. |
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. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Mrs L K Barrat | Chair |
Mrs A M Tann | Chair |
Ms N Piersimoni |
Mrs J Raftery | (resigned 01 November 2023) |
Mr R Ferguson |
Mrs E Hill-Smith |
Mrs L Field | (resigned 01 November 2023) |
Mr A Rooth | (appointed 01 November 2023) |
Ms R Gregson | (appointed 01 November 2023) |
Ms S Smithies | (appointed 01 November 2023) |
Patron |
Lady Beryl Tindle (to 29 January 2024) |
Home-Start in Waverley (Registered number: 06069732) |
Report of the Trustees |
for the Year Ended 31 March 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
A J Bennewith |
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA |
Upper Ground Floor |
18 Farnham Road |
Guildford |
Surrey |
GU1 4XA |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Home-Start in Waverley |
Independent examiner's report to the trustees of Home-Start in Waverley ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (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'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
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 the Company 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. |
....................................................... |
A J Bennewith |
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA |
Upper Ground Floor |
18 Farnham Road |
Guildford |
Surrey |
GU1 4XA |
20 January 2025 |
Home-Start in Waverley |
Statement of Financial Activities |
for the Year Ended 31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 9 | (6,948 | ) | 6,948 | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 107,572 |
Home-Start in Waverley (Registered number: 06069732) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 106,208 |
Restricted funds | 1,364 |
TOTAL FUNDS | 107,572 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 in Waverley (Registered number: 06069732) |
Balance Sheet - continued |
31 March 2024 |
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 in Waverley |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
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. |
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. |
Income from grants with performance related conditions is recognised only to the extent that the charity has provided the specified goods or services. |
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 |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
IT equipment & software | - |
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. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Home-Start in Waverley |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
2. | DONATIONS AND LEGACIES |
31.3.24 | 31.3.23 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
31.3.24 | 31.3.23 |
£ | £ |
Surrey County Council | 24,656 | 47,091 |
BBC Children In Need | 10,407 | 42,379 |
Community Foundation for Surrey | 21,806 | 21,667 |
National Lottery Community Fund | 59,575 | 45,075 |
Other grants | 8,485 | 10,330 |
Co-op Local Community Fund | 865 | 3,607 |
Postcode Lottery | 11,667 | 5,833 |
Waverley Borough Council | 52,000 | 33,600 |
Farnham Town Council | - | 1,000 |
Cranleigh and District Lions | 15,184 | - |
Home Start Surrey | 17,714 | - |
Albert Hunt | 4,000 | - |
226,359 | 210,582 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Independent Examiner's fee | 1,200 | 1,200 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Home-Start in Waverley |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TRUSTEES' REMUNERATION AND BENEFITS - continued |
Trustees' expenses |
During the year, trustees incurred NIL expenses (2023: NIL) in respect of travel and subsistence. |
5. | STAFF COSTS |
The average number of employees during the year was 12 (2023: 10). |
6. | TANGIBLE FIXED ASSETS |
IT |
equipment |
& software |
£ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Social security and other taxes |
Deferred income |
Accrued expenses |
Home-Start in Waverley |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 106,208 | 10,787 | (6,948 | ) | 110,047 |
Restricted funds |
BBC Children In Need | 750 | (750 | ) | - | - |
Family Fund | 614 | (7,562 | ) | 6,948 | - |
Farnham Family Group Fund | - | 693 | - | 693 |
(7,619 | ) |
TOTAL FUNDS | 3,168 | 110,740 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 25,232 | (14,445 | ) | 10,787 |
Restricted funds |
National Lottery Community Fund | 59,575 | (59,575 | ) | - |
BBC Children In Need | 10,407 | (11,157 | ) | (750 | ) |
Family Fund | 4,516 | (12,078 | ) | (7,562 | ) |
Sleep Training Programme Fund | 7,403 | (7,403 | ) | - |
Winter Poverty Fund | 7,000 | (7,000 | ) | - |
Home Visiting Volunteer Coordinator Fund | 7,403 | (7,403 | ) | - |
Farnham Family Group Fund | 1,040 | (347 | ) | 693 |
HHSF Fund | 27,000 | (27,000 | ) | - |
Support Service for Children and Families Fund |
24,656 |
(24,656 |
) |
- |
Coordinator Support Fund | 25,000 | (25,000 | ) | - |
Isabella Schroder Trust Fund | 625 | (625 | ) | - |
Cranleigh and District Lions Fund | 15,184 | (15,184 | ) | - |
Postcode Lottery fund | 8,750 | (8,750 | ) | - |
Home Start Surrey Fund | 17,714 | (17,714 | ) | - |
( |
) | (7,619 | ) |
TOTAL FUNDS | ( |
) | 3,168 |
Home-Start in Waverley |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 110,346 | (4,138 | ) | 106,208 |
Restricted funds |
BBC Children In Need | - | 750 | 750 |
Family Fund | 9,809 | (9,195 | ) | 614 |
9,809 | (8,445 | ) | 1,364 |
TOTAL FUNDS | 120,155 | (12,583 | ) | 107,572 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 182,028 | (186,166 | ) | (4,138 | ) |
Restricted funds |
BBC Children In Need | 42,379 | (41,629 | ) | 750 |
Family Fund | 4,608 | (13,803 | ) | (9,195 | ) |
46,987 | (55,432 | ) | (8,445 | ) |
TOTAL FUNDS | 229,015 | (241,598 | ) | (12,583 | ) |
The purpose of each restricted fund was as follows: |
Family Fund - To fund childrens' events, outings and treats. |
BBC Children in Need - To fund salaries of 3 part-time Family Support Coordinators, and training, volunteer expenses and project costs. |
Lottery Fund - To fund salaries and associated costs for a group coordinator and a support worker for family groups. |
Sleep Training Programme Fund - To fund a sleep consultancy service. |
Home Visiting Volunteer Coordinator Fund - To fund a volunteer coordinator. |
Winter Poverty Fund - To support vulnerable families during the winter. |
Farnham Family Group Fund - To support a Farnham family group. |
Coordinator Support Fund - To fund coordinator support in Cranleigh and rural areas. |
Support Service for Children and Families Fund - To fund a support service for children aged 0-11 years old and their families. |
Household Support Fund - To support households with items families need within the home, including gift cards to support family's needs. |
Isabella Schroder Trust Fund - To support families in the Parish of Wrecclesham. |
Cranleigh and District Lions Fund - To support families attending the family group in Cranleigh. |
Postcode Lottery Fund - To fund the coordination and supervision of volunteer support. |
Home-Start in Waverley |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | MOVEMENT IN FUNDS - continued |
Home Start Surrey Fund - To fund the coordination and supervision of volunteer support. |
10. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 March 2024 nor for the year ended 31 March 2023. |