2023-03-31-accounts - Watford New Hope Trust

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Chair and CEO's Welcome
Objectives and Operations.
Our Strategy.
Achievements and Performance
New Hope Services: Intervention.
New Hope Services: Recovery		12
New Hope Services: Prevention
Our Chaplain.		17
Fundraising and Communications.		18
Volunteers
Funders' Thank You .		.20
Financial review
Governance		.22
Reference and Administrative	Information.
Audit report
Financial Statements		. . . .30

MrJ R Ford	(Chair)
Mr T Robson OBE
Mrs AJohnson
Mr D Evans	(Treasurer)
Mr A Robertson

Leadership Te	am:
Mr M Heasman	Chief Executive
Mrs SHolford	Head of Finance
Mrs A Bowyer	Head of Resources
Mr R Edmonds	Head ofServices

				Unrestricted	Restricted	Total funds	Unrestricted	Restricted	Total funds
				funds	funds	2023	funds	funds	2022
			Note
Income
Donations and	legacies			419,016	423330	842,246	361,944	266,876	628,820
Charitable activities:
Intervention			3a	90,806		90,806	98,025		98,025
Recovery			3b	1,012,840		1,012,840	786324		786,324
Prevention			3c	271,272		271272	219,112		219,112
Other trading	activities:
Retail income				256,501		256,501	243,141		243,141
Investments				10,328		10,328	927		927
Other income				350		350
Total income				2,061113	423,230	2,484~3	1,709,473	266,876	1,976349
Expenditure
Raising funds
Retail				129,566		129,566	tl4337	1,967	116304
Fundralslng	and			146.930		146,930	141,692	2,985	144,677
communications
Charitable activities:
Intervention				105,927	252,818	358745	168249	186,746	355,495
Recovery				1273,231	112,857	1,386,088	1,107317	161,965	1,269282
Prevention				284,545	30147	314,692	224,642	51287	276.429
Total expenditure				1,940,199	395,822	2336,021	1,756,737	405,450	2,162,187
Net Income/(expenditure)				120,914	27408	148,322	(47264)	(138,574)	(185,838)
for the year
Transfers between		funds	8,9
Net movement	In funds			120,914	27,408	148,322	(47464)	(138,574)	(185,838)
Recondliatlon	offunds
Total funds brought		forward		1,885,429	480,817	2,366,246	1,932.693	619391	2.552,084
Total funds carried		forward	8,9	2,006,343	508~5	2,514568	1,885,429	480,817	2366,246

			2023		2022
			Charity	Group	Charity	Group
					5
Fixed Assets
Tangible assets			1291,472	1,291,472	1330,822	1330,822
Current Assets
Debtors		6	266,098	194,328	303,484	231,7I4
Cash at bank and	in hend		1,080342	1,152,012	835205	906,975
			1,346340	1346340	1,138,689	1,138,689
Creditors: Amounts	failing due	7		123744	103,265	103,265
within one year
Net Current Assets			1223,096	I/23,096	1,035,424	1,035,424
Total Assets Less Current			2,514,568	2,514,568	2,366,246	2,366246
Liabilities
Total Assets Less Total Uabilitles			2,514468	2,614,568	2,366,246	3366,246
Funds
Unrestricted:
Designated		8,10	1,395,123	1,395,123	1353,507	1353,507
General funds		810	611,220	611220	531,922	531,922
			2,006,343	2,006,343	1,885,429	1,885.429
Resuicted		9,10	508,225	508225	480,817	480,817
			2,514Jiea	2,614468	2,366,246	2,366446

				2023		2022
Cashflows from operating	activities
Net Income/(expenditure)				148,322		085.838)
for the reporting period
Ad)ustments for.
Deprecation				47,881		52,280
Investment Income				(10228)		(927)
(Increase)/decrease in debtors				37,386		(67300)
Increase/(decrease) in creditors				19,979		(129773)
Net cash provided by/(used		in)
operating activities				243,240		(331,558)
Cashflows from Investing	activities
Purchase offixed assets			(8,531)
investment Income			10328		927
Net cash provided by/(used		In)		1,797		927
operating activities
Net increase In cash and	cash equivalents		245,037			(330,631)
Cash and cash equivalents		at IApril	906,975			1237,606
Cash and cash equivalents		et31March	1,152,012			906,975
Analysis ofcash and cash	equivalents:
Cash In hand				1,152,012		906,975
Total cash and cash equivalents				1152,012		906.975

		2023			2022
		unrestricted	Restricted	Total	unrestricted		Total
Grants		54,823	343,462	398285	8,746	200.845	209,591
Lesades		38210		38210	42,971		42,971
Individual	donadons	149,995	47,411	197,406	157144	49,099	206,243
Tax reclaimed		20,154	6234	26,388	23383		23,383
Other donations		155.834	26,123	181,957	129200	16.932	146,632
		419,016	423,230	842 246	361,944	266,876	628,820

		2023			2022
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				E	E	E	E
3a	Intervention
	Contracts	90,806		90,806	98,025		98,025
	Total Intervention	90,806		90,806	98,025		98,025
3b	Recovery
	Housing Benefit	697,781		697781	478,891		478,891
	Inefiglble charges	20,945		20,945	26,983		26.983
	Contracts	254,423		254,423	242,318		242318
	sales Income				32		32
	Otherincome	39,691		39,691	38,100		38,100
	Tote I Recovery	1,012,840		1,012,840	786324		786,324
3c	Prevention
	Housing Benefit			94,4t7	63,550		63,550
	Inefigible charges	4,002		4,002	6213		6213
	Contracts	172,853		172,853	149349		149,349
	Total Prevention	271,272		271,272	219,112		219,112
Total	charitable income	1,374,918		1,374,918	1103,461		1103,461

							2023	2022
	Intervention	Recovery	Prevention	Pundralslng	Retag	Head oNce	Total costs	Total costs
				and commu-
				nications
Staff costs	244,973	762,077	167,494	84,989	25,787	285317	1,570,637	1384,580
Other staff	524	266	1,691	127	200	57,483	60,291	57237
costs
RSLcharges		226,105					226,105	216,839
Premises	16,496	105329	31,311		37,088	6,428	197,092	189,585
costs
Office casts	2,169	4,711	2,496	12,058	3,757	2,984	28,175	25,680
ITcosts						4258	4,258
Service user	42378	73,902	17,579				133259	141,810
costs
insurance	3235	2,896	3,129		4,920	5391	19,571	20389
Depredation			10390	1,441	17207	10,000	47,881	52,280
Professional	i,572	4,258	1,432		872	32327	41,303	33,751
costs
Other costs	247	1,806	343	8,138		8,967	19,661	17,442
Partnership	(22,914)		10,202				(12,712)
costs
Head oifice	63,265	202,795	68,625	38,895	39,575	(413,155)
costs
Total	358,745	1,386.088	314,692	146,930	129,566		2,336,021	2,162,187

Staff Cos	ts
		2023	2022
Wages and	salaries	1,250,822	1,198,166
Social security costs		100,337	97351
Pension costs		25,649	24,801
Agency and	security costs	183,175	64262
Redundancy	costs	10,084
		1,570,067	1,384.880

mployee	N	umbers
				2022
			No.	No.
Direct chantable		work	30.8	32.6
Fundralslng	and	communications	2.7
Head oflice			8.4	8.0
Retail			1.0	1.0

2023	2022
10,292	10,470
10492	10,470

Charity &Group	Interests In	Plant and	Total
	property	machinery etc
Cost
At 31March 2022	1,834,198	363,829	2,198,027
Additions		8,531	8,531
Dlsposals		(22,273)	(22273)
At 31March 2023	1,834,198	350,087	2,184,285
Depredation
At 31March 2022	606701	260,504	867205 I
Charge for the period	24,476	23,405	47,881
On dlsposals		(22,273)	(22,273),
At 31March 2023	631.177	261,636	892,813
Net BookValue
AT 31March 2023	1403,021	88,451	1491,472 '
AT31March 2022	1,227,497	103825	1930,822


Interests	ln property	lndudem	2023	2022
The Manse			62,144	63,618
The Haven			225,964	232295
Sanctuary	Cluster conversion costs			96
Purchase	ofShop and	offices	510366	518,681
HopeHomes			404,547	412,807
			1403,021	1~7,497

6Debtors
				2023		2022
				Charity	Group	Charity	Group
Housing benefit debtors				17,225	17,225	8,081	8,081
Prepayments and	accrued Income					6,843	6,843
Other debtors				152,761	152,761	202,549	202,549
Tax recoverable				17,058	17,058	14,241	14241
Intercompany account				71,770		71,770
				266,098	194328	303,484	231,714
7Creditors
				2023		2022
				Charity	Group	Charity	Group
Within one year
Accruals and deferred		income		98709	98,709	95,010	95,010
Other creditors				24,535	24,535	8255	8,255
				123,244	123,244	I03265	103265
8Designated		Funds (Charity		and Group)
			31March 2022	Income	Expenditure	Transfers	31March 2023
Oeslgnated tunds
Property			1,133,038		(I8,784)		1,114,254
HopeHomes			202,348				202W8
The Hub				50,400			50,400
augding repairs fund			15,302	10.000			25302
Women's hostel			2,819				2,819
			1,353,507	60,400	(18784)		1395,123
General unrestricted		funds	531,922	2,000vnt3	(1,921,415)		611,220
Total unrestricted	funds		1,885,429	2,061113	(1,940199)		2,006343

		31March 2022	Income	Expenditure	31March 2023
					5
The Haven - capital fund		94,459		(5,692)	88,767 '
The Haven - running	costs	1396	108,661	(102,574)	7,483
Sanctuary Night Shelter			8,954	(6,560)	2394
Street Outreach			100,943	(100,943)
Assessment beds
Severe Weather funding			36,082	(36,082)
Protect and vacdnaie			6,779	(6,779)
Recoveiy servkes			4,779	(4,529)	250
Restricted eligibility accommodation			45,236	(45236)
Cultivate			18,978	(18,978)
Donations for residents		1378			1,378,
Tenancy Sustainment	Teem			(14J79)	30,000
Project Home		17,308	16,000	(8,820)	24,488(,
Rough sieepersuppoit		7263		(748)	6,615
Household supportfund			27,684	(27,684)
Chaplain		45,372	3250	(15,368)	33,254
HopeHomes		310,543	50	(50)	310,543
Other restricted funds		2,998	1,000	(1.000)	2,998
		480,817		(395,822)

				Tangible fixed	Cash at bank	ifet current	Creditors more	Total,
				assets	end In hand	assets/	than one year
						glabalties)
								5
,	Haven Support Centre - capital			94,459				94,459]
	Other restricted funds				386358			386358
				94,459	386358			480,8fy l
	Designated	funds		1.133,038	220.469			1353,507
,	General unrestrfcted		funds	103,325	300148	128,449		531,922 I
				1~2t22		128,449

		2023		2022
		Land and buildings	Other Items	Lend and buildings	Other Nems
Operating	leases which expire:
Within one	year	21,125	3,680	21,125	7,629
Within two	to five years	24,000	7,603	24,000	9,382
In more than five years		18,667	792	26,667	2,693
		63,792	12,075	71,792	19704