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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|
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||||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|
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|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|
##
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||||||||||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|
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||||||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|
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|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)|||
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|||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|