DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **FILWOOD HOPE LTD**
## **FINANCIAL STATEMENTS**
## **31 MARCH 2023**
**Company Registration Number 03487393 Charity Number 1067441**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **FINANCIAL STATEMENTS YEAR ENDED 31 March 2023**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administrative details of the charity and its||
|advisors|**1**|
|Trustees’ annual report|**2 to 5**|
|Independent Examiners report|**6**|
|Statement of financial activities (including income and||
|expenditure account)|**7**|
|Balance sheet|**8**|
|Notes to the financial statements|**9 to 17**|
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS ADVISORS**
## **YEAR ENDED 31 MARCH 2023**
|**Charity Name**|Filwood Hope Limited|
|---|---|
|**Company number**|03487393|
|**Charity number**|1067441|
|**Registered office**|Filwood Hope Centre, 11 & 13 Filwood Broadway, Knowle West|
||Bristol, BS4 1JL|
|**Trustees**|Trustees, who are also directors under company law, who|
||served during the year and up to the date of this report were as|
||follows:|
||B A Morris|
||E M Palairet Chairperson|
||N Piggot|
||T Marston|
|**Key Management**||
|**Personnel**|Margaret Aitken & Laura Hathway|
|**Bankers**|Bank of Scotland, 33 Old Broad Street, London|
|**Independent**|Geoff Archer|
|**Examiner**|Bristol Community Accountants CIC|
||The Park, Daventry Road, Bristol, BS4 1DQ|
**- 1 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2023**
## **Structure, governance and management**
The charity is constituted as a company limited by guarantee, incorporated on 30th December 1997, registered under the Companies Acts (registration number 03487393) and its governing document is a Memorandum and Articles of Association. It was granted charitable status by the Charity Commission under number 1067441.
By operation of law all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
## **Trustees**
The directors of the charitable company (“the charity”) are its trustees for the purposes of the charity law and throughout this report are collectively referred to as the trustees.
The Trustees who served during the year and since the year end are listed on page 1.
## **Objectives and activities**
The objects for which the charity is established are:
(1) the prevention or relief of emotional, spiritual or financial hardship in filwood ward and surrounding area by providing access to advice and services which might not otherwise be accessed through lack of means.
(2) to promote social inclusion* for the public benefit through
developing the capacity and skills of individuals in filwood ward and surrounding area to enable people to identify and help meet their own needs and to participate more fully in society.
*i.e. feel part of; where all people feel valued, their differences are respected, and their basic needs are met so they can live in dignity. these relate to the importance of the links between the individual members of our society and the role of each person as a member of this group.
These are achieved by:
• Providing a drop-in advice centre, offering a friendly, relaxed atmosphere where clients can talk through their issues in a safe and confidential setting. We handle any
enquiry, seeking to help the client resolve their difficulty. To support clients our activities include making telephone calls, writing letters, filling forms, contacting local and statutory bodies.
• Specialist advisors being available during the week to give confidential advice.
This is made possible by employing 3 part-time members of staff, and having a team of 8 volunteers.
In planning our objectives and activities we have had regard to the Charity Commission’s guidance on public benefit.
## **Strategic report**
The following sections for achievements and performance and financial review form the strategic report of the charity.
**- 2 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2023**
## **Achievements and performance**
The financial year started with depleted reserves and uncertainty about the source of finance to fund the work of the charity, at a time where both our running costs and the need for our service were increasing due to the cost-of-living crisis hitting England.
Through a public appeal for donations coordinated by chair of trustees Ed Palairet and centre manager Pearl Aitken, generously amplified by the local press (Bristol 24/7, BBC Online, BBC Radio Bristol, and Bristol Live), the charity benefited from new visibility across the city, and 100 new donors who gave one-off donations to cover the running costs until grant funding could be secured again. During this time, we received overwhelming messages of support – many confirming that Filwood Hope Advice Centre fulfils an essential role locally, and that it has had a long-lasting impact in the lives of individuals and families.
Partial funding having been secured from a range of trusts and grants, the charity was able to retain a full team of passionate and knowledgeable staff – who are as busy as ever. The bespoke one-toone advice sessions include advice information, signposting, form-filling, letter-writing, referrals (debt services, foodbanks, mental health agencies, occupational therapists), support with welfare benefit applications and appeals, and offering emotional support. Filwood Hope Advice Workers also submit grant applications on behalf of clients, they help with budgeting skills, and energy bills. They are also able to hand out food aid, fuel aid, toiletries and sanitary items at their discretion (from restricted funds). About half of their work on welfare benefits is supporting clients through the PIP application process (formerly Disability Living Allowance). 65.8% of clients are aged 55 and over.
The board is grateful to all who agreed to fund Filwood Hope, and relieved that the level of service to the people of Bristol was maintained throughout the financial year. During the reporting period, our free advice service has helped over 400 individuals during the deepening cost-of-living crisis, and for every £1 we spend on our running costs, our team raised at least £5 in previously unclaimed benefits for our clients. We also expanded our reach across South Bristol, with more and more people coming from neighbouring wards, which like Filwood, include housing estates that rank very highly on multiple indicators of deprivation.
We are grateful to our team, partners, supporters, volunteers and pro bono professionals who have helped us:
- Work from additional locations in Filwood and Redcliffe for a fixed term,
- Develop a more diversified fundraising strategy,
- Develop our theory of change,
- Develop new case studies to communicate our value to a wider audience,
- Develop more reliable measurements of the impact of our work,
- Develop, launch, and run a new money management course (guidance, tools and skills) 47 appointments held at a time when everyone is facing rising costs.
A local church kindly hosted our 25th anniversary celebration where the Lord Bishop of Bristol expressed her gratitude for the work of Filwood Hope. The level of trust and respect that our team has earned cannot be replicated: we know that local residents value our 25 years of continuity and distrust short-term funded projects that disappear after 3 years; it is also culturally not acceptable to go into people’s homes, which limits the reach of some other organisations trying to help. Many will not leave the housing estate for months at a time - which is why having our service so local is so
**- 3 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2023**
important. We work collaboratively with other community organisations, and we partner with expert service providers: we know our niche and we ensure there is no duplication. This means we must continue to play our part.
## **Financial review and reserves**
Income for the year was £89,023 (2022: £36,396), expenses were £58,304 (2022: £49,725), bringing total funds carried forwards to £39,242 (2022: £8,523) of which £35,341 were freely available unrestricted reserves.
This means a surplus of £30,719 (2022: £13,329 deficit).
These summary figures do not account for outstanding liabilities of £2,271 at year end, which represent disputed invoices for services not received to an adequate standard.
## **Public Benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales
## **Funds received as agent or funds held as custodian trustee**
There are no assets, classes of assets or categories of assets held on behalf of other entities.
## **Statement of responsibilities of the Management Committee**
The trustees who are also the charity trustees have prepared financial statements for the financial year, which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the net income or expenditure, of the charitable company for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and any other irregularities.
The trustees confirm that to the best of their knowledge there is no information relevant to the independent examination of which the examiners are unaware. The trustees also confirm that they
**- 4 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 MARCH 2023**
have taken all necessary steps to ensure that they themselves are aware of all relevant examination information and that this information has been communicated to the examiners.
## **Independent examiners**
Geoff Archer of Bristol Community Accountants CIC was appointed as the charitable company’s independent examiner during the year.
9/10/2023
Approved by the trustees on ………………………. and signed on its behalf by
Edward Palairet
Trustee
**- 5 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **INDEPENDENT EXAMINERS REPORT**
## **YEAR ENDED 31 MARCH 2023**
I report on the accounts of the company for the year ended 31st March 2023 which are set out on pages 7 to 17.
## **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.
9/10/2023 Geoff Archer Date…………………….
Bristol Community Accountants CIC The Park Daventry Road Knowle Bristol BS4 1DQ
**- 6 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
## **YEAR ENDED 31 MARCH 2023**
|**Note**
**Incoming and Endowments from:**
Donations and Legacies
**3**
Charitable Activities
**4**
Investments
**5**
**Total**
**Expenditure On:**
Charitable Activities
**7**
**Total**
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**Total funds Carried Forward**|**Unrestricted**
**Funds**
**£**
85,627
25
171
85,823
54,071
54,071
31,752
309
32,061
4,142
36,203|**Restricted**
**Funds**
**£**
3,200
-
-
3,200
4,233
4,233
(1,033)
(309)
(1,342)
4,381
3,039|**Total Funds**
**2023**
**£**
88,827
25
171
89,023
58,304
58,304
30,719
-
30,719
8,523
39,242|**Total Funds**
**2022**
**£**
36,337
55
4
36,396
49,725
49,725
(13,329)
-
(13,329)
21,852
8,523|
|---|---|---|---|---|
All of the activities of the charity are classed as continuing
## **The notes on pages 9 to 17 form part of these financial statements**
As required by paragraph 4.67 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
Details of the allocation of 2022 total funds between unrestricted and restricted are shown in note 17
**- 7 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **BALANCE SHEET**
## **YEAR ENDED 31 MARCH 2023**
|**Note**
**Fixed assets**
**12**
**Current assets**
Cash at bank and in hand
_Total current assets_
**Creditors : Amounts falling**
**due within one year**
**13**
_Net Current assets or liabilities_
**_Total net assets or liabilities_**
**The Funds of the Charity**
Restricted funds
**15**
Unrestricted funds
**15**
**_Total charity funds_**|39,236
39,236
(856)
3,039
36,203|**2023**
**£**
862
38,380
39,242
39,242|**2022**
**£**
1,312
8,193
8,193
(982)
7,211
8,523
4,381
4,142
8,523|
|---|---|---|---|
The directors are satisfied that the company is 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.
9/10/2023
These financial statements were approved by the trustees on ……..................... and are signed on their behalf by:
Edward Palairet Trustee
## **The notes on pages 9 to 17 form part of these financial statements**
**- 8 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
## **1 Basis of Preparation**
- a) These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with 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) (issued on 16 July 2014), as amended by Update Bulletin 2 published in October 2018, effective for accounting periods beginning on or after 1 January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
- b) The accounts have been prepared on the assumption that the charitable company is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charitable company's ability to continue as a going concern.
- c) The charity meets the definition of a public benefit entity as defined by FRS 102.
## **2 Accounting Policies**
- a) Income from donations/grants is included in income when these are receivable, except as follows:
i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.
- b) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.
- c) Most expenditure is directly attributable to specific activities, and has been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
- d) Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
- e) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
- f) 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.
- g) Individual assets costing £1,000 or more are capitalised at cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Equipment - 25% straight line
**- 9 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
- g) The charity 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 recognised at amortised cost using the effective interest method.
- h) The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charitable company during the year.
**- 10 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
## **Income and Endowments From:**
|**3**
**Donations and Legacies**
**Donations**
Personal Gifts & Donations
Corporate Gifts
Churches
Gift Aid
**Grants**
Bristol City Council Grants
Grants from Trusts
_Donations and Legacies prior year_
**_Donations_**
_Personal Gifts & Donations_
_Churches_
**_Grants_**
_Bristol City Council Grants_
_Grants from Trusts_|**Unrestricted**
**Funds**
**£**
20,328
250
2,778
4,097
7,519
50,655
85,627
_Unrestricted_
_Funds_
_£_
_5,658_
_3,145_
_9310_
_11059_
_29,172_|**Restricted**
**Funds**
**£**
200
-
-
-
-
3,000
3,200
_Restricted_
_Funds_
_£_
_90_
_75_
_-_
_7000_
_7,165_|**Total Funds**
**2023**
**£**
20,528
250
2,778
4,097
7,519
53,655
88,827
_Total Funds_
_2022_
_£_
_5,748_
_3,220_
_9,310_
_18,059_
_36,337_|**Total Funds**
**2022**
£
5,748
-
3,220
-
9,310
18,059
36,337|
|---|---|---|---|---|
**4 Charitable Activities**
|Café Sales|**Unrestricted**
**Funds**
**£**
25
25|**Restricted**
**Total Funds**
**Funds**
**2023**
**£**
**£**
-
25
-
25|**Total Funds**
**2022**
£
55
55|
|---|---|---|---|
_Charitable Activities prior year - all unrestricted_
**- 11 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
## **5 Investments**
|Investment Interest|**Unrestricted**
**Funds**
**£**
171|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2023**
**£**
171|**Total Funds**
**2022**
**£**
4|
|---|---|---|---|---|
_Investment income prior year - all unrestricted_
## **6 Government grants**
The charitable company receives government grants. The total value of such grants in the period ending 31 March 2023 was £7,519 (2022:£9,310). There are no unfulfilled conditions or contingencies attaching to these grants in the year ended 31 March 2023.
## **Expenditure on:**
_Costs of other trading acitivies prior year - all unrestricted_
## **7 Charitable activities**
|Café Supplies
Insurance
Other Direct Costs: Accountants Fees
Other Direct Costs: Sundry
Pension costs
Printing & Photocopy
Salaries
Service Charges
Software Service Contract
Telephones-Fax-Postage
Training
Utilities: Heat, Light & Power
Depreciation|**Unrestricted**
**Funds**
**£**
18
2,537
856
1,904
884
43
40,347
2,178
995
1,678
312
1,869
450
54,071|**Restricted**
**Funds**
**£**
-
-
-
1,577
-
261
1,500
-
895
-
-
-
-
4,233|**Total Funds**
**2023**
**£**
18
2,537
856
3,481
884
304
41,847
2,178
1,890
1,678
312
1,869
450
58,304|**Total Funds**
**2022**
£
-
936
982
1,287
743
308
39,746
1,648
630
1,533
40
1,422
450
49,725|
|---|---|---|---|---|
## _continued…_
**- 12 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Charitable Activities prior year|Unrestricted|Restricted|Total Funds|
|Funds|Funds|2022|
|£|£|£|
|Insurance|936|-|936|
|Other Direct Costs: Accountants Fees|982|-|982|
|Other Direct Costs: Sundry|1,087|200|1,287|
|Pension costs|455|288|743|
|Printing & Photocopy|-|308|308|
|Salaries|33,034|6,712|39,746|
|-|
|Service Charges|1,648|1,648|
|Software Service Contract|-|630|630|
|-|
|Telephones-Fax-Postage|1,533|1,533|
|Training|40|-|40|
|-|
|Utilities: Heat, Light & Power|1,422|1,422|
|Depreciation|450|-|450|
|41,587|8,138|49,725|
**----- End of picture text -----**
## **8 Net incoming resources for the year**
**This is stated after charging:**
**----- Start of picture text -----**
||||
|---|---|---|
|2023|2022|
|£|£|
|Depreciation|450|450|
|Independent Examination Fees|713|679|
**----- End of picture text -----**
**- 13 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023**
## **9 Staff costs and numbers**
The aggregate payroll costs were:
|Wages and Salaries
Pension Costs
No employee received emoluments of more than £60,000.
Employees
The average head count of employees during the year was as follows:|**2023**
**£**
41,847
884
42,731
**2023**
**No.**
3|**2022**
**£**
39,746
743
40,489
**2022**
**No.**
3|
|---|---|---|
Total employee benefits paid to key management personnel during the year were £36,839 (2022: £34,899)
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil) No trustees received reimbursement for board expenses incurred throughout the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).
There were no other related party transactions during the year (2022: £nil).
## **10 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.
## **11 Company limited by guarantee**
The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.
**- 14 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
## **12 Tangible fixed assets**
|**Cost**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the period
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Equipment**
**£**
6,224
6,224
4,912
450
5,362
862
1,312|**Total**
**£**
6,224
6,224
4,912
450
5,362
862
1,312|
|---|---|---|
## **13 Creditors: amounts falling due within one year**
|Accruals|**2023**
**£**
856
856|**2022**
£
982
982|
|---|---|---|
## **14 Contingent Liability**
At year end there is a potential outstanding liability of £2,271 which represents disputed invoices for services not received to an adequate standard.
**- 15 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
|**15**
**Movement in funds**
**Restricted funds**
Elderly Services
Food Fund
Greenhall
Bristol Churches City Fund
The Burden Trust
Western Power Community
Telephone Room
**Total Restricted Funds**
**Unrestricted funds**
General Funds
Designated - Asset depreciation
**Total Unrestricted Funds**
**Total funds**|**At**
**01-Apr**
**2022**
**£**
309
2,229
261
-
895
-
687
4,381
2,830
1,312
4,142
8,523|**Incoming**
**resources**
**£**
-
200
-
1,500
-
1,500
-
3,200
85,823
-
85,823
89,023|**Outgoing**
**resources**
**£**
-
(404)
(261)
(1,173)
(895)
(1,500)
-
(4,233)
(53,621)
(450)
(54,071)
(58,304)|**Transfers**
**£**
(309)
-
-
-
-
-
-
(309)
309
-
309
-|**At**
**31-Mar**
**2023**
**£**
-
2,025
-
327
-
-
687
3,039
35,341
862
36,203
39,242|
|---|---|---|---|---|---|
## **Purpose of funds**
The Burden Trust – A grant was requested to replace our database and fund it for 2 years. This was granted in June 2020.
Elderly services – Left over of a grant received in 2017 for relief of hardship for the elderly.
Food fund – Individual gifts earmarked for food fund enables us to respond to fuel and food poverty
Bristol Churches City Fund - A grant to support individuals suffering from food poverty
Green Hall Foundation – This grant was to purchase a new to us photocopier. This was purchased in February 2021. Also to fund running costs for 5 years.
Western Power Community - A grant to support individuals suffering from food poverty
Telephone Room - To provide access of our telephones and comms equipment to our users
## **16 Analysis of net assets between funds**
|Fixed Assets
Cash at Bank and In Hand
Other Net Current Assets/Liabilities)
**Total**|**General**
**Funds**
**£**
-
36,197
(856)
35,341|**Restricted**
**Funds**
**£**
-
3,039
-
3,039|**Designated**
**Funds**
**£**
862
-
-
862|**Total**
**Funds**
**£**
862
39,236
(856)
39,242|
|---|---|---|---|---|
**- 16 -**
DocuSign Envelope ID: FBF2F1E8-40A3-47D1-91CA-409B2058D216
## **Filwood Hope Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
**17** Analysis of prior year funds, as required by paragraph 4.2. of the SORP
|**Income and Endowments From:**
Donations and Legacies
**TRUE**
Charitable Activities
**TRUE**
Investments
**TRUE**
**Total**
**Expenditure On:**
Charitable Activities
**TRUE**
Total
**Net income/(expenditure)**
Net movement in funds
**Reconciliation of Funds:**
Total funds brought forward
**TRUE**
**Total funds carried forward**|**Prior Year**
**Unrestricted**
**Funds**
**2022**
**£**
29,172
55
4
29,231
41,587
41,587
(12,356)
(12,356)
16,498
4,142
**TRUE**|**Prior Year**
**Restricted**
**Funds**
**2022**
**£**
7,165
-
-
7,165
8,138
8,138
(973)
(973)
5,354
4,381
**TRUE**|**Prior Year**
**Total**
**Funds**
**2022**
**£**
36,337
55
4
36,396
49,725
49,725
(13,329)
(13,329)
21,852
8,523
**TRUE**|
|---|---|---|---|
**- 17 -**