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COMPANY REGISTRATION NUMBER: 05468592
CHARITY REGISTRATION NUMBER: 1110632
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .
Reference and administrative details
Registered charity name
Home-Start Cotswolds Ltd.
Charity registration number
1110632
Company registration number
05468592
Principal office and registered
Cirencester Baptist Church
office
Chesterton Lane
Cirencester
GL7 1YE
The trustees
Mr A R Jones
Ms C N Ford
Mr S D Kaufmann
Mrs C M Partridge
Mr D A J Pointet
Mr R G L Waller
K Wilson
(Served from 13 June 2024 to 29 November 2024)
Independent examiner
Helen Jones
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
Structure, governance and management
The details of the structure and organisation are included in the accompanying Annual Report.
Objectives and activities
Please see the Annual Report for the full objectives and activities of the charity.
Achievements and performance
Please see the Annual Report for the achievements and performance for the year ended 31st March 2025.
Financial review
The accounts show a surplus of £2,452 compared to a deficit of £19,312 in 2024. More details of the financial position of the Charity is given in the Annual Report.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 14 July 2025 and signed on behalf of the board of trustees by:
Mr A R Jones
Mr S D Kaufmann
Trustee
Trustee
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Home-Start Cotswolds Ltd.
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Home-Start Cotswolds Ltd. ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Helen Jones Independent Examiner
Oakley House Tetbury Road Cirencester Gloucestershire GL7 1US
24 June 2025
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
2024
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
144,831
1,125
145,956
123,360
Investment income
6
1,687
1,687
1,802
---------
-------
---------
---------
Total income
146,518
1,125
147,643
125,162
---------
-------
---------
---------
Expenditure
Expenditure on charitable activities
7,8
133,309
133,309
135,533
Other expenditure
9
11,939
11,939
8,941
---------
-------
---------
---------
Total expenditure
145,248
145,248
144,474
---------
-------
---------
---------
---------
-------
---------
---------
Net income/(expenditure) and net movement in funds
1,270
1,125
2,395
( 19,312)
---------
-------
---------
---------
Reconciliation of funds
Total funds brought forward
75,104
2,500
77,604
96,916
---------
-------
---------
---------
Total funds carried forward
76,374
3,625
79,999
77,604
---------
-------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible fixed assets
14
1,468
1,425
Current assets
Debtors
15
231
222
Cash at bank and in hand
82,178
78,603
--------
--------
82,409
78,825
Creditors: amounts falling due within one year
16
3,878
2,646
--------
--------
Net current assets
78,531
76,179
--------
--------
Total assets less current liabilities
79,999
77,604
--------
--------
Net assets
79,999
77,604
--------
--------
Funds of the charity
Restricted funds
3,625
2,500
Unrestricted funds
76,374
75,104
--------
--------
Total charity funds
18
79,999
77,604
--------
--------
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
Mr A R Jones
Mr S D Kaufmann
Trustee
Trustee
Home-Start Cotswolds Ltd.
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Cirencester Baptist Church, Chesterton Lane, Cirencester, GL7 1YE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The liability of the members is limited by guarantee.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Donations
Trusts and funders
135,138
135,138
Donations
9,081
9,081
Fundraising events
Gift aid
612
612
Grants
Other revenue
1,125
1,125
---------
-------
---------
144,831
1,125
145,956
---------
-------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Trusts and funders
93,784
93,784
Donations
19,834
19,834
Fundraising events
3,718
3,718
Gift aid
524
524
Grants
Other revenue
3,000
2,500
5,500
---------
-------
---------
120,860
2,500
123,360
---------
-------
---------
6. Investment income
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Interest income
1,687
1,687
1,802
1,802
-------
-------
-------
-------
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Support costs
133,309
133,309
135,533
135,533
---------
---------
---------
---------
8. Expenditure on charitable activities by activity type
Support costs
Total funds 2025
Total fund 2024
£
£
£
Governance costs
133,309
133,309
135,533
---------
---------
---------
9. Other expenditure
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Staff expenses
3,757
3,757
2,889
2,889
Volunteer expenses
2,495
2,495
1,586
1,586
Home start and other fees
2,250
2,250
2,222
2,222
Fundraising
75
75
Bank Fees
92
92
1
1
Family support
650
650
552
552
General expenses
2,695
2,695
1,616
1,616
--------
--------
-------
-------
11,939
11,939
8,941
8,941
--------
--------
-------
-------
10. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2025
2024
£
£
Depreciation of tangible fixed assets
708
662
----
----
11. Independent examination fees
2025
2024
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
648
612
----
----
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
£
£
Wages and salaries
112,729
113,435
Social security costs
19
941
Employer contributions to pension plans
3,962
3,896
---------
---------
116,710
118,272
---------
---------
The average head count of employees during the year was 8 (2024: 8 ). The average number of full-time equivalent employees during the year is analysed as follows:
2025
2024
No.
No.
Number of staff
4
4
----
----
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
No remuneration was received in the year by the trustees.
14. Tangible fixed assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 April 2024
891
3,397
4,288
Additions
751
751
----
-------
-------
At 31 March 2025
891
4,148
5,039
----
-------
-------
Depreciation
At 1 April 2024
774
2,089
2,863
Charge for the year
39
669
708
----
-------
-------
At 31 March 2025
813
2,758
3,571
----
-------
-------
Carrying amount
At 31 March 2025
78
1,390
1,468
----
-------
-------
At 31 March 2024
117
1,308
1,425
----
-------
-------
15. Debtors
2025
2024
£
£
Prepayments and accrued income
231
222
----
----
16. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,447
354
Accruals and deferred income
1,103
1,126
Social security and other taxes
461
606
Other creditors
867
560
-------
-------
3,878
2,646
-------
-------
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 3,962 (2024: £ 3,896 ).
18. Analysis of charitable funds
Unrestricted funds
At 1 April 2024
Income
Expenditure
At 31 March 2025
£
£
£
£
General funds
75,104
146,518
(145,248)
76,374
--------
---------
---------
--------
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
General funds
96,916
122,662
(144,474)
75,104
--------
---------
---------
--------
Restricted funds
At 1 April 2024
Income
Expenditure
At 31 March 2025
£
£
£
£
Restricted Funds
2,500
1,125
3,625
-------
-------
----
-------
At 1 April 2023
Income
Expenditure
At 31 March 2024
£
£
£
£
Restricted Funds
2,500
2,500
----
-------
----
-------
19. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Tangible fixed assets
1,468
1,468
Current assets
81,284
1,125
82,409
Creditors less than 1 year
(3,878)
(3,878)
--------
-------
--------
Net assets
78,874
1,125
79,999
--------
-------
--------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
1,425
1,425
Current assets
76,325
2,500
78,825
Creditors less than 1 year
(2,646)
(2,646)
--------
-------
--------
Net assets
75,104
2,500
77,604
--------
-------
--------