2021-03-31-accounts - Watford New Hope Trust

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Trustees' Annual Report.
Chairman and CEO's Welcome.
Objectives and Operations.
Achievements and Performance.
Financial Review.		21
Governance ..		23
Reference and Administrative	Information.	25
IndependentAuditors' Report..		27
Statement ofFinancial Activities	..	31
Balance Sheets ..		32
Notes to the Financial Statements.		.33

			Unrestricted	Restricted	Total funds	Unrestricted	Restricted	Total funds
			funds	funds	2021	funds	funds	2020
		Note
Income
Donations and	legacies	2	414,878	397,395	812,273	422,779	355,316	778,095
Charitable activities:
Intervention		3a	95,447	312,230	407,677	69,946	53,897	123,843
Recovery		3b	1,018,544	-	1,018,544	1,101,467		1,101,467
Prevention		3c	122,122	-	122,122	128,009		128,009
Other trading	activities:
Retail income			75,317		75,317	244,905		244,905
Investments			1,650		1,650	4,379		4,379
Other income						4196		4,196
Total Income			1,727,958	709,625	2,437,583	1,975,681	409,213	2,384,894
Expenditure
Raising funds:
Retail		4	100,584		100,584	132,023		132,023
Fundraislng	and
communications		4	164,431		164,431	150,619		150,619
Charitable activities:
Intervention		4	273,566	288,112	561,678	165,603	341,783	507,386
Recovery		4	1,163,408	176,606	1,340,014	1,347,920	33,119	1,381,039
Prevention		4	77,150	131,873	209,023	135,536	22,128	157,664
Total expenditure			1,779,139	596,591	2,375,730	1,931,701	397,030	2,328,731
Net movement	in funds		(51,181)	113,034	61,853	43,980	12,183	56,163
Reconciliation	offunds
Total funds brought forward			1,983,874	506,357	2,490,231	1,939,894	494,174	2,434,068
Total funds carried forward		8,9	1,932,693	619,391	2,552,084	1,983,874 .	506,357	2,490,231

			2021		2020
			Charity	Group	Charity	Group
		Note	f	6	f	5
Fixed Assets
Tangible assets		5	1,383,102	1,383,102	1,430,222	1,430,222
Current Assets
Debtors		6	236,184	164,414	300,728	228,958
Cash at bank and In	hend		1,165,836	1,237,606	921,479	993,249
			1,402,020	1,402,020	1,222,207	1,222,207
Creditors: Amounts	falling due within
one year		7	233,038	233,038	162,198	162,198
Net Current Assets			1,168,982	1,168,982	1,060,009	1,060,009
Total Assets Less Total Liabilities			2,552,084	2,552,084	2,490,231	2.490,231
Funds
Unrestricted:
Designated		8,10	1,377,655	1,377,655	1,408,578	1,408,578
General funds		8,10	555,038	555,038	575,296	575,296
			1,932,693	1,932,693	1,983,874	1,983,874
Restricted		9,10	619,391	619,391	506,357	506,357
			2.552,084	2,552,084	2,490,231	2.490,231

					2021		2020
							5
Cashflows from operating		activities
Net income/(expenditure)		for the			61,853		56,163
Adjustments for.
Depreciation					57,594		55,589
Investment income					9,650)		(4,379)
(Increase)/decrease	in debtors				64,544		(166,098)
Increase/(decrease)	in creditors				70,840		93,432
Net cash provided by /	(used in) operating		activities		253,181		34,707
Cashflows from investing		activities
Purchase offixed assets				(10,474)		(13,492)
Investment income				1,650		4,379
Net cash provided by /	(used in) operating		activities		(8,824)		(9,113)
Net increase in cash and		cash equivalents			244,357		25,594
Cash and cash equivalents		at I April			993,249		967,655
March					1,237,606		993,249
Analysis ofcash and cash		equivalents:
Cash in hand					1,237,606		993,249
Total cash and cash equivalents					1,237,606		993.249

2.	DONATIONS AND LEGA	CIES
				2021					2020
		Unrestricted		Restricted	Total	Unrestricted		Restricted		Total
			f	f	f		f		f	f
	Grants		78,852	313,357	392,209		34,450		303,390	337,840
	Legacies		5,578		5,578		113,996			113,996
	Individual donations		206,332	33,452	239,784		110,186		39,404	149,590
	Tax reclaimed		13.890		13,890		14,353		4,000	18,353
	Other donations		110,226	50,586	160,812		149,794		8,522	158,316
			414,878	397,395	812,273		422,779		355,316	778,095
	Gifts In kind
	New Hope receives significant		donations	offood during the harvest		period from schools and churches. In
	addition New Hope receives regular food			donations from	local companies		including	Costco, Ocado and Pret
	a Manger. All food donations		are included	in the financial	statements	atthe estimated			value the charity
	would have paid for them.	From time to time New Hope			also received other gifts to assist in the operation
	of New Hope's activities.	The	total amount of gifts in kind Included			in the financial		statements		is f23,481
	(2020:67,500).
3.	CHARITABLE ACTIVITIES
				2021					2020
		Unrestricted		Restricted	Total	Unrestricted		Restricted		Total
3a	Intervention		f	f	f		f		f	f
	Contracts		95,447	312,230	407,677		69.197		53,897	123,094
	Other income						749			749
	Total Intervention		95,447	312,230	407,677		69,946		53,897	123,843

		2021			2020
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	6	6	8	8		8
3b Recovery
Housing Benefit	643,482		643,482	684,470		684,470
ineligible charges	44,460		44,460	44,923		44,923
Contracts	300,035		300,035	310,741		310,741
Sales income				2,444		2,444
Other income	30,567		30,567	58,889		58,889
Total Recovery	1,018,544		1,018,544	1,101,467		1,101,467
3c Prevention
Housing Benefit	68,072		68,072	61,148		61,148
Ineligible charges	6,327		6,327	6,180		6,180
Convacts	47,723		47,723	60,681		60,681
Total Prevention	122,122		122,122	128,009		128,009
Total charitable Income	1,236,113	312,230	1,548,343	1,299,422	53,897	1,353,319

									2021	2020
					Fundralslng	and
		Intervention f	Recovery f	Prevention f	communications f		Retailf	Head officef	Total costs f	Total costs f
Staff costs		223,289	756,320	119,541	95,878		21,953	249,084	1,466,065	1,398,643
Other staff costs		334	121	520		13		68,469	69,457	81,244
RSLcharges			214,749						214,749	259,006
Premises costs		24,413	84,911	28,721		440	23,782	4,136	166,403	177,934
Office costs		2,500	3,681	1,545		8,349	3,780	3,620	23,475	20,424
ITcosts								9,839	9,839	10,581
Service user	costs	30,235	44,464	7,147					81,846	118,006
Insurance		3,257	3,688	2,924		670	4,750	3,419	18,708	18,134
Depreciation		16,685	4,178	9,113		2.273	13,636	11,709	57,594	55,589
Professional	costs	1,847	4,537	851		1,057	696	41,484	50,472	19,715
Other costs		546	1,625	323		7,558		'19,670	29,722	22,239
Partnership	costs	187,400							187,400	147,216
Head office	costs	71,172	221,740	38,338		48,193	31,987	(411,430)
Total		561,678	1,340,014	209,023	164,431		100,584		2,375,730	2.328,731

	2021	2020
	E	E
Wages and salaries	1,321,642	1,260,513
Social security costs	98,817	96,785
Pension costs	26,241	25,590
Agency costs	8,485	15,755
Redundancy costs	10,880
	1,466,065	1,398,643

Employee	numbers	numbers
			2021	2020
			No.	No.
Direct charitable		work	35.8	35.2
Fundraising	and	communications	3.0	3.0
Head office			7.7	7.5
Retail			1.0	1.0
			47.5	46.7

Audito	rs' remuneration:
		2021 6	2020f
Audit		10,050	9,870
Other	services	534	534
		10,584	10,404

	Interests In	Plant and
CHARf(Y 3r GROUP Cost	property E	machinery etc f	Total 6
Atl Aprll2020	1,834,198	365,967	2,200,165
Additions		10,474	10,474
Disposals		(12,612)	(12,612)
At 31March 2021	1,834,198	363,829	2,198,027
Depredation
At 1 April 2020	540,246	229,697	769,943
Charge for the period	36,615	20,979	57,594
On disposals		(12,612)	(12,612)
At 31March 2021	576,861	238,064	814,925
Net BookValue
At 31March 2021	1,257,337	125,765	1,383,102
At 31March 2020	1,293,952	136,270	1,430,222

Interests in property includes:	2021	2020
	6
The Manse	65.092	66,566
Haven Support Centre	243,579	259,818
Sanctuary Cluster conversion costs	1,132	2,168
Purchase ofShop and offices	526,994	536,070
HopeHomes	420,540	429,330
	1,257,337	1,293,952

6.DEBTORS
		2021		2020
		Charity f	Group 8	Charity 8	Group E
Housing benefit debtors		18,160	18,160	28,057	28,057
Prepayments	and accrued income	10,317	10,317	23,368	23,368
Other debtors		123,664	123,664	160,549	160,549
Tax recoverable		12,273	12,273	16,984	16,984
Intercompany	account	71,770		71,770
		236,184	164,414	300,728	228,958

			2021	2021	2020
Within one year			Charity E	Group 5	Charity 5	Group f
Accruals	and deferred	income	174,052	174,052	85,804	85,804
Payments	on account		31,032	31,032	33,419	33,419
Tax and	social security				2,789	2,789
Other creditors			27,954	27,954	40,186	40,186
			233,038	233,038	162,198	162,198

					31 March				31 March
					2020	Income	Expenditure	Transfers	2021
					E	E	E	E	E
Designated		funds
Property					1,188,109		(30,923)		1,157,186
HopeHomes					202,348				202,348
Building	repairs fund				15,302				15,302
Women's	hostel				2,819				2,819
					1,408,578		(30,923)	-	1,377,655
General	unrestricted			funds	575,296	1,727,958	8,748,216)	-	555,038
Total unrestricted			funds		1,983,874	1,727,958	(1,779,139)		1,932,693

					Cash at	Net current	Creditors
				Tangible fixed	bank and In	assetsl	more than
				assets	hand	(liabilities)	one year	Total
				E	E	f		E
Haven Support		Centre - capital		100,151				100,151
Other restricted		funds			519,240			519,240
				100,151	519,240			619,391
Designated	funds			1,157,186	220,469			1,377,655
General unrestricted			funds	125,765	497,897	(68,624)		555,038
				1,383,102	1,237,606	68,624		2,552,084

2021	2020
E	E

Turnover
Cost ofsales
Gross profit
Administrative	expenses
Gih aid to Watford		New Hope Trust

The aggregate	ofthe assets, liabilities and funds at th	e 31March were:
		2020	2020
		E	E
Assets		71,770	71,770
Liabilities		(71,770)	(71,770)
Share Capital
Accumulated	Profit/(loss)

		2021	2021	2020	2020
		Land and		Land and
		buildings	Other Items	buildings	Other Items
Operating	leases which expire:	f	f	8	6
Within one	year	19,167	1,836	37,500	9,874
Within two	to five years		16,057	7,084	20,586
In more than fiv years			10,930
		19,167	28,823	44,584	30,460