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2023-12-31-accounts

Charity registration number 1013880

Company registration number 02738367 (England and Wales)

HOPE NOT HATE CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

HOPE NOT HATE CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P Adams
Mr Q M Asim
Mr G Josan
Mr S A Tuttle
Ms R K Wynne-Jones
Secretary Mr N Lowles
Charity number 1013880
Company number 02738367
Registered office 167-169 Great Portland Street
London
W1W 5PF
Independent examiner Beavis Morgan LLP
Accountants, Business and Tax Advisers
82 St John Street
London
EC1M 4JN
Bankers Metro Bank
One Southampton Row
Metro Bank
London
WC1B 5HA
Website hopenothate.org.uk/hnh-charitable-trust/
Key management personnel Mr N Lowles

HOPE NOT HATE CHARITABLE TRUST

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8 - 21

HOPE NOT HATE CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's articles of association, the Companies Act 2006 and "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

The charity's objects are:

The advancement of education of the public, in particular provision of education and training of members of the public in relation to racial and religious prejudice; and research into the causes and effects of racial and religious prejudice and disharmony and the dissemination of the useful results of such research. The promotion of good community relations between people of different races, ethnicities, cultures and religions. The promotion of racial and religious harmony for the public benefit by promoting knowledge and mutual understanding between different racial and religious groups; advancing education and raising awareness about different racial or religious groups and working towards the elimination of discrimination on the grounds of race or religion.

Following a Strategic Review in 2021, the trustees approved a change in the focus of Hope not Hate Charitable Trust (HnHCT) activities to become primarily a fundraising and grant giving trust. This change took effect on 31 December 2021 and the period covered by this report is the second full year of the Trust operating in accordance with the change of focus. The Trust now seeks funds and makes grants for activities in support of the Trust’s objects.

HnHCT funds research, education and public engagement to challenge mistrust and racism, and helps to build communities that are inclusive, celebrate shared identities and are resilient to hate.

Work funded by HnHCT includes:

The trustees have paid due regard to guidance issued by the Charity Commission on public benefit and in deciding what activities the charity should fund.

Volunteers

A few volunteers worked for the charity from time to time during the year. Their contributions included fundraising and carrying out the objects and activities of the charity.

Review of the activities undertaken by the Charity to further its charitable purposes for the public benefit

The Trustees believe that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

HOPE NOT HATE CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Grant to HOPE not Hate Ltd (HnH Ltd)

During 2023, HnHCT gave a grant of £650,000 to Hope not Hate Limited (HnH Ltd) to support its work in accordance with the key objectives of the Charitable Trust. Our grant supported the work of the Policy and Engagement Team, the Research Team, Community Organising, Education and Training and organisational support. HnHCT maintains an oversight of the grant to ensure the work meets our Charitable objectives and meets the public interest criteria.

The grant to HnH Ltd also purchases administrative and business support to enable HnHCT to fulfil its key objectives. This includes support in the areas of fundraising, administration, rent, utilities, professional fees and sundry miscellaneous expenses.

HnHCT maintains an oversight of the grant to ensure the work meets our Charitable objectives. It meets quarterly, receives written and verbal reports four times a year on the work of the Limited company and meets with senior staff and trustees of the Limited company to receive and discuss forthcoming priorities once a year.

Policy & Engagement

The Charitable Trust grant to HnH Ltd supported the continuation of the Hopeful Towns project, which seeks to better understand what makes a place confident, optimistic and resilient against hate. The grant also supported the Towns Leadership Network (TLN), which brought together 550 partners to share good practice and disseminate the team’s ‘How To’ guides to addressing hate. The grant also funded HnH Ltd’s work in the supporting and advising the wider migrant and refugee sector about the far right threat and particularly its activities around migrant hotels. The grant also funded the publication of the latest Fear & HOPE report.

Community Organising project

The HnHCT grant continues to support a community project in Bradford, which we have been running now for several years. We continue to support a food bank in the area and, in the summer of 2023, we produced 30,000 copies of a 12-page community newspaper, which was packed with local stories, encouraging people to get involved in voluntary and community organisations. In late July, with the support of the Bradford Bulls rugby club and Bradford Park Avenue FC, we held a community fun day which was attended by over 3,000 people.

Research Team

The HnHCT grant supported the work of the Research team to monitor far right extremism and terrorist activity, understand trends and support the output of the rest of the organisation. During 2023, the Research Team produced regular briefings and held training sessions with service providers and the wider migrant and refugee sector.

The Research Team also discovered evidence of several acts of illegality or active plots, which were passed on to the relevant authorities.

In 2023, the HnH Research Team began a new project to better understand and map online hate. This included developing an AI tool to identify and map online hate networks.

Education Team

The HnHCT grant also supported HnH Ltd’s Education Team which, following an internal review of our work narrowed its focus to explore youth radicalisation and aggressive misogyny rather than more general antiprejudice work. During 2023, the Education Team began a research project on Youth Radicalisation, which was to be completed in 2024.

The Trustees of HnHCT were pleased to make a grant of £650,000 to help HnH Ltd advance the work of its objectives and the Trustees are satisfied that the work undertaken was within the Charitable remit.

HOPE NOT HATE CHARITABLE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

During the year the charity received incoming resources totalling £418,237 (2022: £792,944) including £163,850 (2022: £251,876) of restricted funds and expended resources totalling £794,578 (2022: £719,737), including £321,432 (2022: £160,703) expended from restricted funds. At the balance sheet date the charity held unrestricted funds of £4,598 (2022: £215,481) and restricted funds of £37,715 (2022: £203,173).

Although most of the charity's incoming resources consist of short-term grants, the directors made the decision in 2015 to gradually build up the charity's unrestricted funds until a steady £100,000 was available as a reserve to allow the continued operations of the charity should there be a sudden shortfall in incoming resources.

The unrestricted funds of the charity are now within a reasonable distance of this desired level.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee and is governed by the memorandum and articles of association upon incorporation on 07 August 1992, and subsequently amended on 25 October 2012, 09 December 2014 and 13 May 2021.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr P Adams Mr Q M Asim Mr G Josan Mr S A Tuttle Ms R K Wynne-Jones Mr D Lerner (Resigned 8 January 2024) Ms A C Turley (Resigned 20 July 2024) Mr A Chambers (Resigned 8 January 2024)

The Trustees of the Charitable Company, are legally responsible for the overall governance and control and they come together at full Board meetings on a quarterly basis. Trustees are appointed for an unspecified period, any vacancies being filled by the selection and appointment of suitable person by the Trustees.

Formal induction for Trustees is being developed with an aim to have a complete induction in place by the time any new Trustees are appointed. Trustees receive training on safeguarding. The existing Trustees inform a potential Trustee about the charity's objects and activities before any appointment with a view to the potential Trustee helping to achieve the set goals and objectives of the charity.

The trustees' report has been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The trustees' report was approved by the board of trustees.

..............................Gurinder Singh Josan (Fri, 27th Sep 2024 Mr G Josan 18:59:59 BST) Trustee 27 Sep 2024 Dated: .........................

HOPE NOT HATE CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HOPE NOT HATE CHARITABLE TRUST

I report to the trustees on my examination of the financial statements of Hope Not Hate Charitable Trust (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (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 financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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 that in any material respect:

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 financial statements to be reached.

Matthew Burge (FCA - ICAEW) for and on behalf of Beavis Morgan LLP

Accountants, Business and Tax Advisers 82 St John Street London EC1M 4JN

Dated: .........................

HOPE NOT HATE CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 253,387 163,850 417,237 463,166 251,876 715,042
Charitable activities 4 - - - 11,268 - 11,268
Fundraising activities 5 1,000 - 1,000 66,634 - 66,634
Total income 254,387 163,850 418,237 541,068 251,876 792,944
Expenditure on:
Raising funds 6 9,615 - 9,615 50 - 50
Charitable activities
Prevention of hate 8 463,531 321,432 784,963 558,984 160,703 719,687
Total charitable
expenditure 463,531 321,432 784,963 558,984 160,703 719,687
Total expenditure 473,146 321,432 794,578 559,034 160,703 719,737
Net income/(expenditure) (218,759)
(157,582)
(376,341)		 (17,966) 91,173 73,207
Transfers between
funds 7,876 (7,876) - - - -
Net movement in
funds (210,883)
(165,458)
(376,341)		 (17,966) 91,173 73,207
Reconciliation of funds:
Fund balances at 1 January
2023 215,481 203,173 418,654 233,447 112,000 345,447
Fund balances at 31
December 2023 4,598 37,715 42,313 215,481 203,173 418,654

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

HOPE NOT HATE CHARITABLE TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2023

2023 2022
Notes £ £ £ £
Current assets
Debtors 14 83,005 65,438
Cash at bank and in hand 271,574 362,135
354,579 427,573
Creditors: amounts falling due within
one year 15 (312,266) (8,919)
Net current assets 42,313 418,654
Income funds
Restricted funds 19 37,715 203,173
Unrestricted funds 4,598 215,481
42,313 418,654

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

27 Sep 2024

The financial statements were approved by the Trustees on .........................

..............................Gurinder Singh Josan (Fri, 27th Sep 202418:59:59 BST) Mr G Josan Trustee

Company registration number 02738367

HOPE NOT HATE CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 23 (90,561) (1,095)
Net cash used in investing activities - -
Net cash used in financing activities - -
Net decrease in cash and cash equivalents (90,561) (1,095)
Cash and cash equivalents at beginning of year 362,135 363,230
Cash and cash equivalents at end of year 271,574 362,135

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Hope Not Hate Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 167-169 Great Portland Street, London, W1W 5PF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102 and has complied with the reporting requirement.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Where grant income is subject to performance related conditions, the income is recognised to the extent that performance has been achieved.

1.5 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.

1.6 Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The primary area where judgement is required is in relation to the recognition of deferred income from performance related grants.

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts 184,589 95,850 280,439 368,475 - 368,475
Gift aid income 13,798 - 13,798 27,191 - 27,191
Grants received 55,000 68,000 123,000 67,500 251,876 319,376
253,387 163,850 417,237 463,166 251,876 715,042

Included within donations and gifts is a restricted donation of £45,000 (2022: £nil) received from the Joseph Rowntree Charitable Trust, £2,850 (2022: £nil) from Paul Hamlyn Foundation, £18,000 (2022: £nil) from Aziz Charitable Foundation, £10,000 (2022: £nil) from Stonewall and £20,000 (2022: £nil) from Toms Trust (Rathbone Investment).

Included within grants received is a restricted grant of £14,000 (2022: £28,000) received from The Barrow Cadbury Trust, £36,000 (2022: £60,000) from Paul Hamlyn Foundation, £nil (2022: £20,000) from Education Unit, £nil (2022: £20,000) from Google, £nil (2022: £55,000) from Sam and Bella Charitable Trust, £nil (2022: £61,000) from This Day, £18,000 (2022: £nil) from Esmee Fairbairn Foundation and £nil (2022: £7,876) from other grant providers.

4 Income from charitable activities

Prevention
Prevention
of Hate of Hate
2023 2022
£ £
Sale of literature - 55
Sale of training services - 11,213
- 11,268

5 Fundraising activities

**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
Annual dinner 1,000 66,634

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Annual dinner 9,615 50
9,615 50

7 Description of charitable activities

To carry out research, training and other tasks necessary to stop the spread of hate amongst communities in the UK.

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8 Charitable activities expenditure

Prevention Prevention Prevention Prevention
of hate of hate
2023 2022
£ £
Staff costs - 132,259
Education expenditure (900) 5,000
Stationery, printing and office costs 6,666 11,366
Telecommunications and computer costs 9,186 28,696
Travel expenses (34) 3
Bank charges 2,275 2,049
Publicity and outreach (588) -
Subcontractor costs 688 17,376
Insurance 5,476 6,359
Rent, rates and venue hire 82,279 36,387
Power, light and heat 3,318 5,567
Professional subscriptions 340 229
Sundry costs 15,936 2,121
124,642 247,412
Grant funding of activities (see note 9) 650,000 464,297
Share of support costs (see note 11) 10,321 7,978
784,963 719,687
Analysis by fund
Unrestricted funds 463,531 558,984
Restricted funds 321,432 160,703
784,963 719,687

Included within charitable expenditure is £79,637 (2022: £32,737) paid in respect of operating lease costs.

9 Grants payable

Prevention
of hate		 Prevention
of hate		 Prevention of
hate		 Prevention of
hate		 Prevention of
hate
2023 2022
£ £
Grants to institutions:
Payable to Hope Not Hate Limited 650,000 464,297

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration, benefits or reimbursement of expenses from the charity during the two years ended 31 December 2023.

During the year no trustees made donations to the charity (2022: £2,500 from two trustees).

Basis of allocation Based on the time spent on each activity. Based on the time spent on each activity. Based on the time spent on each activity.
2022 £ 2,239 1,239 4,500 7,978 7,978

Governance		 costs £ - - - - -
Support costs £ 2,239 1,239 4,500 7,978 7,978
2023 £ - 1,321 9,000 10,321 10,321

Governance		 costs £ - - - - -
Support costs Support costs £ Legal fees
-		 Professional fees
1,321		 Accountancy and audit fees
9,000		 10,321 Analysed between: Charitable activities - Prevention of hate
10,321
11

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Employees

Number of employees

The average monthly number of employees during the year was:

Number of employees
The average monthly number of employees during the year was:
2023 2022
Number Number
Charitable activities - 7
Employment costs 2023 2022
£ £
Wages and salaries - 128,642
Other pension costs - 3,617
- 132,259

The number of employees whose annual remuneration was £60,000 or more were:

2023 2022
Number Number
- -

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Debtors

Debtors
2023 2022
Amounts falling due within one year: £ £
Trade debtors - 15,421
Other debtors 68,388 32,905
Prepayments and accrued income 14,617 17,112
83,005 65,438

Included within other debtors is £43,748 (2022: £7,463) owed by Hope not Hate Limited to the charity.

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15 Creditors: amounts falling due within one year

2023 2022
Notes £ £
Deferred grants 17 290,500 -
Trade creditors 12,766 1,808
Accruals 9,000 7,111
312,266 8,919

16 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £nil (2022: £3,617)

17 Deferred grants

Deferred income is included within other creditors falling due within one year and has arisen as a result of performance-related conditions on grants not being fulfilled at the reporting date and therefore unconditional entitlement to the income has not passed to the charity at the year end.

2023 2022
£ £
Deferred income at 1 January - (23,575)
Income released during the period - 23,575
Income deferred during the period 290,500 -
290,500 -

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers At 31
2023 resources expended December
2023
£ £ £ £ £
General funds 215,481 254,387 (473,146) 7,876 4,598

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

18 Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources Transfers At 31
2022 resources expended December
2022
£ £ £ £ £
General funds 233,447 541,068 (559,034) - 215,481

Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2022
resources
expended
1 January 2023
resources
expended
31 December		 2023 £
£
£
£
£
£
£
£		 The Barrow Cadbury Trust
10,000
28,000
(10,000)
28,000
14,000
(28,000)
-
14,000		 Paul Hamlyn Foundation
45,000
60,000
(63,703)
41,297
38,850
(80,147)
-
-		 Anonymous Family Trust
34,000
-
(34,000)
-
-
-
-
-		 Joseph Rowntree Charitable Trust
-
-
-
-
45,000
(45,000)
-
-		 Education Unit
5,000
20,000
(15,000)
10,000
-
(6,112)
-
3,888		 The Barrow Cadbury Trust
13,000
-
(13,000)
-
-
-
-
-		 Research Grant
5,000
-
(5,000)
-
-
-
-
-		 Google
-
20,000
(20,000)
-
-
-
-
-		 Sam and Bella Charitable Trust
-
55,000
-
55,000
-
(55,000)
-
-		 This Day (formerly known as the Jubilee Foundation)
-
61,000
-
61,000
-
(61,000)
-
-		 Toms Trust
-
-
-
-
20,000
(9,173)
-
10,827		 Esmee Fairbairn Foundation
-
-
-
-
18,000
(18,000)
-
-		 Aziz Charitable Foundation
-
-
-
-
18,000
(9,000)
-
9,000		 Stonewall
-
-
-
-
10,000
(10,000)
-
-		 Others
-
7,876
7,876
(7,876)
-		 112,000
251,876
(160,703)
203,173
163,850
(321,432)
(7,876)
37,715
19 a b c d e f g h i j k l m n o

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

20 Analysis of net assets between funds

Unrestricted Unrestricted Restricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Current assets/(liabilities) 4,598 37,715 42,313
4,598 37,715 42,313
Unrestricted Restricted Total
funds funds
2022 2022 2022
£ £ £
At 31 December 2022:
Current assets/(liabilities) 215,481 203,173 418,654
215,481 203,173 418,654

21 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023 2022
£ £
Within one year 5,351 17,600

22 Related party transactions

During the year the charity incurred recharged expenses of £nil (2022: £1,648) from Hope not Hate Limited. These expenses relate to a resource sharing agreement, covering office space, materials and some shared personnel. At the year end £43,748 (2022: £7,463) was owed by Hope not Hate Limited to the charity.

A grant of £650,000 (2022: £625,000) was made from Hope not Hate Charitable Trust to Hope not Hate Limited.

HOPE NOT HATE CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

23 Cash generated from operations 2023 2022
£ £
(Deficit)/surpus for the year (376,341) 73,207
Movements in working capital:
(Increase) in debtors (17,567) (529)
Increase/(decrease) in creditors 12,847 (50,198)
Increase/(decrease) in deferred income 290,500 (23,575)
Cash absorbed by operations (90,561) (1,095)

Issuer Beavis Morgan Document generated Fri, 27th Sep 2024 12:12:34 BST Document fingerprint 1b0e3c7b2eb1c3741f6594282ad7fb29

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Fri, 27th Sep 2024 18:59:59 BST Gurinder Singh Josan - Signer (3b22be458876c6a26476b150b4260c82)
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Fri, 27th Sep 2024 18:59:59 BST Gurinder Singh Josan viewed the envelope (31.94.9.50)
Fri, 27th Sep 2024 18:59:59 BST This envelope has been signed by all parties (31.94.9.50)
Fri, 27th Sep 2024 18:59:59 BST Gurinder Singh Josan signed the envelope (31.94.9.50)
Fri, 27th Sep 2024 18:56:16 BST Gurinder Singh Josan viewed the envelope (31.94.9.50)
Fri, 27th Sep 2024 18:55:59 BST Gurinder Singh Josan opened the document email. (31.94.9.50)
Fri, 27th Sep 2024 12:23:52 BST Gurinder Singh Josan opened the document email. (104.28.89.69)
Fri, 27th Sep 2024 12:13:50 BST Document emailed to gurinder_singh_josan@hotmail.com (3.10.227.185)
Fri, 27th Sep 2024 12:13:50 BST Sent the envelope to Gurinder Singh Josan
(gurinder_singh_josan@hotmail.com) for signing (172.167.1.25)
Fri, 27th Sep 2024 12:12:34 BST Document generated with fingerprint
1b0e3c7b2eb1c3741f6594282ad7fb29 (172.167.1.25)
Fri, 27th Sep 2024 12:12:34 BST Envelope generated by Jonathon Downton (172.167.1.25)

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