## RESTORE HOPE **ANNUAL REPORT AND FINANCIAL STATEMENTS** FOR YEAR ENDED 30TH NOV 2022
Restore Hope is registered as a Charity, no. 1094494 and as a company limited by guarantee, no. 4510290
|**Contents**||
|---|---|
|**3**|Restore Hope Charity Information|
|**4**|Introduction from the Chair of Trustees|
|**6**|About Restore Hope|
|**7**|Key Objectives|
|**9**|Our Impact in 2022|
|**10**|Programmes and Activities|
|**11**|Key Strategic Priorities for 2023|
|**12**|Financial Review and Governance|
|**14**|Statement of Responsibilities of the Trustees|
|**15**|Independent Examiners Report to the Trustees|
|**16**|Statement of Financial Activities|
|**17**|Balance Sheet|
|**18**|Accounting Policies|
|**20**|Notes to the Financial Statements|
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **CHARITY INFORMATION**
Legal and Administrative Information For the Year Ended 30 November 2022
## **Trustees’ Annual Report**
The trustees (who are also directors of the charity for the purposes of Company Law) submit their annual report and the financial statements for the year ended 30 November 2022. These have been prepared in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) and have been submitted for independent examination under section 145 of the Charities Act 2011 (‘the 2011 Act’). The examination has been carried out following the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
|Charity Registration Number|1094494|
|---|---|
|Company Number|4510290|
|Trustees|Mr G Grant – Chairman|
||Mr P Doyle (resigned 19 Jan 2023)|
||Mrs C A Grant|
||Mrs A O M Oludemi (appointed 19 Jan 2023)|
||Mrs J C Peters (appointed 19 Jan 2023)|
||Mr T Rutherford (appointed 19 Jan 2023)|
||Mrs S M Trevor|
||Mr G D Williams (appointed 19 Jan 2023)|
|Director|Nate Sence|
|Independent Examiner|Adam Halsey FCA DcHA|
||Haysmacintyre LLP|
||10 Queens Street Place|
||London EC4R 1AG|
|Banker|Barclays Bank PLC|
||Ashton House|
||497 Silbury Boulevard|
||Milton Keynes MK9 2LD|
|Solicitors|Stone King|
||Upper Borough Court|
||3 Upper Borough Walls|
||Bath BA1 1RG|
|Principal Place of Operation and Registered|The Estate Office|
|Office|Latimer Park|
||Latimer, Chesham|
||Buckinghamshire HP5 1TU|
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **INTRODUCTION**
From Gary Grant, the Chair of Trustees
I am pleased to share the annual report and financial statements for Restore Hope, for the year ended 30 November 2022.
This year has been significant for Restore Hope in many ways, most notably in the transition of the leadership of the charity. Following seven faithful years of service the Charity’s Director, Graham Wakeman resigned in February 2022. The Trustees were delighted to appoint Nate Sence in July and he joined us as Director in November. We are grateful for Graham’s leadership, particularly through the COVID-19 pandemic and wish him every success in his career move.
In any transition period it is natural to take on a full review of activities, core values and delivery models, but we are proud to have continued with the bulk of the programmes we have been running these past few years, bolting on new and innovative streams of work where we have identified need. As with all of our programmes, we are striving to reach and support more families and children, to restore their hope through our outreach, training, and support.
We are increasingly aware of the growing need of so many of the families we work with as a result of the cost of living crisis. There is a rising urgency to play our part in addressing the increasing needs in our local families and intervening where we are able to make a real difference for people. This wish to meet needs has given us a focus to take a deeper look at ourselves, our systems, processes, structures and models, to ensure that we are robust in our programming and purpose, implementing interventions that make an actual difference to the lives of those we work with.
During 2022 we continued the work that the local community has come to know and expect from Restore Hope: provide fresh fruit and vegetables to families in need; offer a serene place where people can rest, refresh and restore; and deliver courses that enable people to understand their identity and gain valuable skills in parenting, relationships and confidence.
Within this work we focussed our attention on playing our part in the key areas of ‘feeding the people’ and supporting local families through the cost of living crisis.
‘Feeding the people’ has been both physical and spiritual. We’ve supplied children and their families with fresh food, especially with the cost of fresh fruit and vegetables being increasingly unaffordable. And we’ve provided nourishment for local families’ hearts and souls, offering respite on our beautiful estate, away from the challenges of daily life.
Additionally, we’ve been addressing the cost of living crisis by helping people to understand their finances and be better able to make planned decisions on their spending for food, heating, fuel and other life essentials.
I am incredibly grateful to the Restore Hope staff team for their compassion for those we work with and for giving so willingly their gifts and talents to those we serve; particular gratitude is owed to Joanna Clare in her service as Acting Director during the leadership transition period. Jo carried the team whilst also overseeing the bulk of the work described throughout this report for the year.
In January 2023 we said goodbye to Peter Doyle as he stepped down from the board having served over ten years, most recently as the Chair. It goes without saying that Restore Hope would not be what it is today without his wisdom, guidance and steady hand. Peter, and his wife Margaret, have long been supporters of Restore Hope and we are grateful for their love and encouragement and look forward to seeing them around Latimer Park as volunteers at our events and projects.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
While we lose Peter as a trustee, we are pleased to announce that we have recently welcomed four new trustees to our team, each bringing much needed experience and skill that will move us from strength to strength. Gareth Williams, Jenny Peters, Adeola Oludemi and Tim Rutherford joined the Board of Trustees in January 2023.
It is also my absolute pleasure to honour the hundreds of volunteers who have served at Restore Hope this year, our 20th as a charity based at Latimer Park. Simply put, Restore Hope would not exist without their talent and passion for seeing hope restored to so many in this community - thank you, a million times over.
Whilst our core values are taken from our Christian faith, we serve all those who come to us in need equally and inclusively, regardless of their faith and beliefs. That being said, I am extremely grateful for the provision God has blessed us with, enabling us to continue the work of Restore Hope.
Gary Grant, Chair of Trustees
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **WHO IS RESTORE HOPE?**
Restore Hope exists to see hope restored and lives and communities transformed.
We are a Christian charity working to bring hope to people from all walks of life. We recognise, respect and welcome people from different backgrounds, identities and experiences, ultimately seeking to serve all those who are experiencing difficult circumstances. We work with people of all faiths and none, showing them love; walking alongside them on their journey; advocating for them when they aren’t able to; and helping them develop skills and confidence to take their next steps for a more positive future, thereby restoring their hope.
## **WHAT DOES RESTORE HOPE DO?**
We deliver robustly researched and evaluated courses, host special memory-making events, and bring together groups of young people, mums, and dads, to enhance learning and development for all those who are in need in our local community. We are particularly focussed on supporting families, young people and children. In everything we do, we are compelled to answer: ‘Does _this_ make things better for this, and the next, generation?’.
We don’t replace social services or statutory services. Rather our provision complements these services, giving people ‘tools for life’, technical skills training, family support, and personal encouragement and development that is holistic, addressing physical and mental health needs and more generally lifting them up from the place they find themselves.
Our programme of work focuses on inspiring, training and equipping anyone who finds themselves in difficult circumstances.
## **WHY DOES RESTORE HOPE DO THIS?**
Research suggests that as hope increases so too does wellbeing, from physical health to mental health, to positive relationships, and to employability. We believe restoring hope is key to people fulfilling their potential and leading flourishing lives.
Restore Hope believes that all young people are vulnerable by virtue of having lived through the global pandemic in their formative years. Accessing their entertainment, education, relationships and family through a screen has impacted young people’s emotional and spiritual development. Add in daily fears around the cost of living crisis, food crisis, energy crisis, global warming crisis, social media and fake news, global unrest and other abuses of power leading to distrust in leadership, today’s youth are, for the first time in many generations, not able to clearly see how their future will be better than those that have gone before them. We believe many young people have lost their hope for the future.
That being said, it’s not just young people who are looking at the future without hope. In our local community we see that many families, too, are not only despairing about the future, but they have become trapped in a downward cycle of anxiety and depression, debt, poor social connectivity, poor mental health and poor physical health.
Our vision is to create break points to halt the downward cycle into despair, where we can help rebuild lives and restore their hope. We believe that no matter how tough a situation may seem, there can always be hope for the future.
We are a Christian charity and through our faith we have been given a living example in Jesus Christ whose teachings show us how to love others unconditionally and sacrificially. Whilst our Christian values motivate us, we warmly welcome and respect all members of the community who want to engage in our programmes no matter their beliefs, race, religion or background.
## **WHERE DOES RESTORE HOPE DO THIS?**
Restore Hope was founded in 2002 and we are privileged to be based on an historic farm estate near Chesham and Amersham in the Chess Valley, an ‘Area of Outstanding Natural Beauty’ (AONB) in The Chilterns in Buckinghamshire.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
In spite of the privileges available to many in this area just outside of London, our local area is also known for its pockets of significant deprivation. In fact, our local area was identified in the Government's 2020 Social Mobility Report as one of the lowest areas for the critical deprivation factor of social mobility. What this means for families is, in spite of the myriad resources of this local area, including high quality education, high ratings of health and wellbeing, and low criminality, children living in poverty are likely to remain in poverty in adulthood. In other words, “the rich get richer, and the poor get poorer.”
We work in this area because we aspire to see those living in poverty overcome disadvantage and flourish.
## **WHAT ARE RESTORE HOPE’S KEY OBJECTIVES?**
The objects of the charitable company are set out in the Memorandum and Articles of Association and are:
To advance the Christian faith by such means being charitable as the Board of Trustees may from time to time in their absolute discretion think fit, including but not exclusively by the provision of property and facilities for use of Christian groups and to hold camps and events to further religion through a variety of means including evangelistic activities, worship, prayer and bible study.
To provide facilities for teaching, training, recreational and other leisure time occupation in the interests of social welfare, for the benefit of those persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances, with the object of improving their conditions of life. The charitable company works in partnership with local churches, local authorities, local groups and organisations which have similar objectives to the charitable company to help achieve these objectives.
To advance any other charitable purpose recognised as charitable under the law of England and Wales, as the Board of Trustees shall in their absolute discretion determine from time to time.
## **HOW DOES RESTORE HOPE ACHIEVE THESE OBJECTIVES?**
Restore Hope utilises the land and buildings of Latimer Park to see hope restored. The key strategic focus of the charity is to help children, young people and families by halting downward cycles into crisis, in order to stabilise and support them to reverse this trend. This work is delivered by a motivated, and highly skilled staff team, an army of faithful volunteers and evidenced-based external partners. As a team, our aim is to LEAD people based on our four core tenets:
**Love:** _**Serving**_ another’s needs above my own
**----- Start of picture text -----**
Love
Empathy Advocacy
Development
**----- End of picture text -----**
**Empathy:** Meeting people where they are with _**understanding**_ and kindness
**Advocacy:** _**Fighting**_ for children, young people and families’ right to fulfil their potential and lead flourishing lives
**Development:** _**Inspiring**_ those we support to take steps up the social mobility ladder, developing ‘tools for life’, technical skills, and positive social relationships
As a staff we have agreed four underpinning values that support our core tenets and drive our decision making: Honouring, Prayerful, Bold and Justice-Seeking.
**Honouring:** We humbly serve and honour everyone with love, dignity and respect
**Prayerful:** We are prayerfully led by God in everything we do
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
**Bold:** We are bold and fearless in pursuing our vision to restore hope in people we serve in our local community
**Justice-seeking:** We seek justice and peace for everyone we come in contact with, to ensure people are able to live fulfilling lives, free from inequality and oppression.
In applying our core tenets and values, we deliver courses, run large-scale memory-making events, and offer on-going support groups that we believe contribute to breaking the downward spiral into crisis, depression and despair. We are developing our programmes and activities so that we can provide the following:
- **Tools for life** including practical support in things like cooking, shopping and budgeting
- **Positive connections** , providing courses and small groups to rebuild broken family units
- - **Encouragement** to address low confidence
- **Skills training** to give people technical skills, and career support and advice.
We seek to address multiple needs through all of our programmes and delivery, helping to build people back up, thereby restoring their hope. For example, through the delivery of our Men’s Fire Kitchen, we aim to: improve broken family units by empowering fathers to better parent their children; address low confidence through fellowship and mentoring; and help these men gain practical skills in cooking.
Our programmes can be broadly categorised as (1) supporting people in crisis, and (2) supporting our wider community
## **SUPPORTING PEOPLE IN CRISIS:**
- We work on a referral system from a number of local agencies to provide direct support to local people
- - We deliver fresh food to doorsteps, also offering a moment to chat and engage with people
- We offer mentoring support for families facing difficult situations
- We run pre-school and toddler groups for parents and children
- We offer tools for life courses to help people develop in parenting, cooking, gardening and finance
- We run creative arts café’s, walk-and-talk sessions, gardening groups and lunches, all which seek to increase personal well-being
- We build a sense of community and social cohesion amongst families facing similar challenges
- We offer a range of fun and inspiring holiday activities for children, young people and their families, to make positive memories and provide support when schools are closed
- We run big community feasts and celebrations and share stories of hope to inspire people.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **SUPPORTING OUR WIDER COMMUNITY:**
- We deliver one-off and ongoing support to pupils in schools, helping them to develop a better understanding of their local area; giving them opportunities to learn new skills such as gardening; and have fun doing activities like river-dipping.
- We offer on-going training and fellowship for our many Restore Hope volunteers
- We also offer work experience with a wide range of practical experiences available to young people
- - We engage local Church Leaders through a curated series of talks to encourage them and provide peer fellowship opportunities for those who work to bring faith and hope into our local community
- We run the Hope Leadership Academy training programme to raise up future leaders through practical training and on-the-job experience with all of Restore Hope’s programmes and activities.
## **OUR IMPACT IN 2022**
This year was another remarkable year at Restore Hope, despite the challenges we faced coming out of the COVID-19 Pandemic. We have seen food prices and energy costs sky-rocket, with people genuinely struggling to make the difficult decision of feeding their family well or keeping them warm. Unsurprisingly we found that as a result we were desperately needed to help support more local families.
In order to meet growing need, we increased delivery of our programmes including doorstep food delivery; we offered more direct support and encouragement to families; and we engaged more local people through project-based training programmes on Restore Hope’s estate.
We are incredibly proud of what we were able to deliver in 2022, which is of course only possible because of the hard work of the team and volunteers, and the generosity of all those who have supported Restore Hope. In the year we:
- **PROVIDED 55,840 FRESH FOOD PORTIONS**
- **DELIVERED 12,672 EGGS**
- **HAD 3,490 OPPORTUNITIES TO ENGAGE WITH PEOPLE ON THEIR DOORSTEP BY OFFERING PRAYER AND SUPPORT**
- **WERE VISITED BY 2,035 CHILDREN ATTENDING YOUTH AND SCHOOLS PROGRAMMES**
- **HOSTED 888 CHILDREN ON SCHOOL HOLIDAY ACTIVITY EVENTS**
- **DELIVERED 17 CIRCLE OF SECURITY COURSES AND EVENTS**
- **PROVIDED PARENT AND TODDLER GROUPS FOR 16 CHILDREN AND 12 ADULTS PER WEEK ON AVERAGE**
We are also grateful for Restore Hope’s 175 volunteers, working for 8,143 hours this year, the equivalent of nearly five full-time members of staff.
In addition to impacting on local children, young people and families, we have also had the opportunity to make an impact on the Restore Hope estate. Improvements include upgrading aspects of the farm buildings, starting several new land-based projects on the stunning Latimer Park Estate, and conservation work on the chalk streams running across the property.
Key highlights this year include:
- In December we hosted our very first Christmas Feast at Restore Hope, providing Christmas dinner for over 130 people while sharing the nativity story. This proved transformational in how we think and plan our large scale family events.
- In January we welcomed over 100 chickens, 4 pigs, 3 sheep, 2 Shetland ponies and two pygmy goats. The animals have now been incorporated into our regular programmes, and working with Sue Cook formerly of local charity Mares we offer Farm Club and animal therapy on site.
- In May 2022 we began our Men’s Fire Kitchen Project by gathering together a group of our men to clear a previously untouched part of the property, providing them a space to fellowship together and learn cooking skills. In November the men hosted nearly 40 of their families and friends for an end of year feast, cooking a lamb over open fire.
- In September Restore Hope’s Community Garden Group attended the Chenies Produce Show where our beneficiaries and volunteers won a total of 18 awards including Best Flowers in Show.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **FINANCE**
2022 was a challenging year at Restore Hope, as it was for many charities, for raising income required to continue running the projects. As cost of living rose, we saw significant increases in our food costs, utilities and fuel. That said, we continued the growth of many of our projects and programmes and saw impact on the ground increase alongside the rising need. We are pleased that we developed significant relationships with various trusts and foundations and individuals to start to diversify our funding portfolio, which will prove useful in balancing our budget moving forward.
It is important to note that the charity’s resources are largely tied up in the land, buildings, lake and streams at Latimer Park as Designated Capital Funds – c.£2.4m. These funds are not available to draw against to run activities and programmes or support core charity costs as they mainly relate to the cost of acquiring the Latimer site some years ago. The land, buildings and lakes at Latimer Park are essential to the running of indoor and outdoor activities and programmes that inspire, train and equip children, young people and families and bring restored hope.
In future years the charity will continue to invest and improve these facilities to increase the reach and range of programmes that we can run and we are actively working to raise funds to enable this.
## **PROGRAMMES AND ACTIVITIES**
## **Hope Café**
A relaxed drop-in café, meeting weekly, Hope Café is open to all families in challenging circumstances, many of whom we are already connected to or working with. This is often a – “first point of contact”.
## **Circle of Security Course**
This parenting course meets weekly for eight sessions to help parents strengthen their bond with their children, giving them a map to understand their children’s emotional needs. This course often serves as an entry point into the work of Restore Hope. We also offer **Circle of Security Café** which meets weekly to help parents further develop the concepts they’ve learned through the course.
## **FoodLife Delivery and Outreach**
We deliver fresh fruit, vegetables and eggs fortnightly to around 500 people, providing healthy additions to their regular meals. Much of the food is provided at cost by a local food partner, though we do grow a significant proportion of the food we deliver in our own Market Garden. All of the eggs come from our flock of 100 hens. We deliver directly to the doorstep, engaging with the family, and providing practical support and offering to pray with them.
## **Hope Tots**
This welcoming toddler group meets every Wednesday and Friday morning. It is open to all families in challenging circumstances; it is often another “first point of contact” with families in need.
## **Community Garden**
Meeting once a week from March to October, this group is open to anyone we work with, to learn how to garden flowers and vegetables, improving wellbeing and practical skills.
## **School Sessions**
Meeting every week, students from a local primary school, and two additional needs secondary schools visit Restore Hope. Primary pupils (4-11) participate in a number of outdoor well-being activities, whilst the secondary school pupils (14-18) participate in activities around the site in a bespoke programme catering to individual needs.
## **Hope Lunch**
Hope Lunch meets weekly and is for adults who have expressed an interest in exploring faith. There are specific discussion points each week around their personal journey to this point.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **Activate – Youth Group**
Meeting every week after school, Activate is a youth group where we run engaging and exciting activities across the estate. This group is made up of young people from the families that we work with.
## **Fire Kitchen**
Fire Kitchen is a meeting of men and older youth, who gather to strengthen bonds and be mentored over dinner cooked in our outdoor space. Additionally, every six weeks on a Saturday this group comes together to prepare a meal for their families.
## **Church Leaders’ Breakfast**
Meeting twice a term, we bring together Leaders from local churches to eat breakfast, share concerns with their peers, strengthen their bonds, and reflect and pray about the local area.
## **Big Family Gatherings**
Our annual events include our Easter Party, Summer Big Family Gathering, Fire and Family end of year Celebration, Family Christmas Event, and Nativity Light Trail. These events are open to all families in challenging circumstances, many of whom we are already connected to or working with.
## **KEY STRATEGIC PRIORITIES FOR 2023**
Having seen the effect of the pandemic and subsequent cost of living and food crises, there is as much a need as ever for the work of Restore Hope. The staff team have been trained in delivering specific interventions and courses, and have grown in their understanding of empathy and compassion. With the support of volunteers, we believe we have a firm foundation from which to continue to meet the needs of children, young people and families who are experiencing crisis and need help to restore their hope in the future.
Therefore, in 2023 we will continue to develop our outreach programmes and on-site activities, being mindful to take time to innovate and create efficiencies in our delivery model to ensure we are delivering best practice for our local community. We will solidify our processes, procedures and structures so that we are stewarding the generous donations that we receive most appropriately.
Additionally, we will take time to research and evaluate our current work and stay attuned to the needs of our community so that we can innovate robust ways to deliver our mission of training, equipping and inspiring people who find themselves in difficult life circumstances. As mentioned in the introduction we will continue to plan and deliver projects that ‘feed the people’ and address the cost of living crisis by educating and equipping people for life, enabling them to cope with crisis wherever they might find themselves. Additionally, we will engage with people on projects that support positive mental health; as a staff team we will become Mental Health First Aid trained so that we can identify someone in crisis, know how to respond, and confidently signpost them to professional services where needed.
By scaffolding these priorities into our current streams of work we are confident that we are making things better for this, and the next, generation. We believe our programmes and activities are laying the groundwork to restore hope for all those we work with.
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **FINANCIAL REVIEW AND GOVERNANCE**
Our annual total income increased by £1,522 (0.3%) vs prior year to £597,614. This increase was a result of the generous response to fundraising appeals and through grants and trusts for the programmes that we ran during the year.
Annual total expenditure (including depreciation) was up £73,936 (12.9%) vs prior year to £644,586. This increase is primarily driven by the costs associated with running FoodLife, delivering new programmes, and the costs of goods and services increasing. The charity has focused on utilising its skilled staff and volunteer teams and its unique indoor and outdoor facilities to enable delivery. Like all organisations that are delivering crisis support; providing training and educational programmes; and stewarding historic land and buildings; the highest percentage of costs are associated with the estate and staff to deliver, manage and enable our programmes.
Financial management has resulted in £60,910 of cash reserves. Additionally, £58,276 is held in designated and restricted funds and this is specifically capital investment funds for vital building improvement works and estate equipment replacements to enable the long-term viability of the charity and therefore of its programmes. Expenditure is forecast to continue to increase in 2023 with further strengthening and expansion of the core staff team which will enable the delivery of an increased number of programmes that will impact more children, families and young people.
## **RESERVES POLICY**
The Trustees have established a policy whereby they aim to hold general unrestricted funds at a level sufficient to meet a minimum of three months of the charitable company’s running costs. This policy and the levels of reserves will be reviewed from time to time.
At 2022 year end £58,276 remains to be utilised. This means that at year end, net current assets excluding capital investment funds are £199,434, which is very modest in relation to the annual costs of running the charity. In 2022 total expenditure was £644,586 and in 2023 these are expected to increase with team expansion and new programme development.
Our reserves policy has been reviewed and remains relevant.
## **FUNDRAISING POLICY**
The work of the charity is only possible through the generosity of its donors and supporters. The Trustees would like to thank all the supporters for their generosity. The charity seeks to raise funds through attracting grants and trusts, running events, making appeals for specific activities, increasing regular and one-off donors and through other trading activity.
The charity is committed to being accountable and responsible for its fundraising activities. The charity did not use any third-party commercial fundraising organisations and did not receive any complaints about fundraising activity during 2022. The charity will continue to review and adhere to guidance provided by the UK fundraising regulator.
## **INVESTMENT POLICY**
The Trustees have power to invest the monies of the charitable company not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) and such consents (if any) as may for the time being be imposed or required by law.
## **PUBLIC BENEFIT**
The Trustees have considered the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities. The Trustees have, in their view, met the public benefit requirement through the charity’s many and varied activities and events in the local community.
## **THE TRUSTEES**
The Trustees, who served throughout the year and to date, were Mr G Grant, Mrs C A Grant, Mrs S M Trevor and Mr P Doyle. They are directors for the purpose of company law and trustees for the purpose of charity
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
law. New Trustees may be appointed by the charitable company in a general meeting. At the Annual General Meeting in each year one-third of the Trustees shall retire from office and being eligible, can offer themselves for re-election. The Trustees have delegated the day-to-day management of the charitable company to the Charity Director.
In the new financial year (January 2023) Mr P Doyle resigned as a trustee, and four new trustees were appointed: Mrs J C Peters, Mr T Rutherford, Mr G D Williams, and Mrs A O M Oludemi.
## **KEY MANAGEMENT PERSONNEL**
The Trustees consider the senior management team to comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Charity on a day-to-day basis. All trustees give of their time freely and no trustee received remuneration in 2022. Details of directors’ expenses and related party transactions are disclosed in the notes to the accounts. The pay of the key management personnel and all staff is reviewed annually. In view of the nature of the charity, the Trustees benchmark against pay levels in other charities. The remuneration benchmark is the midpoint of the range paid for similar roles in similar charities and sizes.
## **GOING CONCERN**
The Trustees have assessed the Charity’s requirements for the foreseeable future. The Trustees are confident that the Charity’s reserves are sufficient to enable operations (including likely donations requests) to continue at a sustainable level for a period of at least 12 months from the date of approval of these financial statements. The Charity therefore continues to adopt the going concern basis in preparing its financial statements. As there are no material uncertainties about the Charity’s ability to continue operating, the accounts have been prepared on a going concern basis.
## **RISK MANAGEMENT**
The Trustees have examined the major risks that the charitable company faces and confirms that systems have been established so that the necessary steps can be taken to lessen these risks. That being said, in the new year, a broad governance review will be taking place and policies that concern the general public (i.e. Safeguarding, Data Protection, Whistleblowing and Accountability, Equality and Diversity and Concerns and Complaints, among others) will be more transparent and publicly available on the Restore Hope website.
However, through appropriate consideration of risks as part of its normal risk management processes and mitigating actions both already taken and available to be taken, the Trustees consider it appropriate for the going concern basis to be adopted for these accounts. The principal risks and uncertainties identified by the charity are as follows:
## **RISK IDENTIFIED AND ACTION TAKEN TO MITIGATE THE RISK**
Health and Safety: The charity recognises that all activities with children, young people and families carry an inherent level of risk.
- Health and Safety policy is in place and should be read and signed by all new staff and core volunteers.
- Risk assessment process in place for all charitable activities.
- Regular first aid training provided to key members of the staff team.
Financial: The charity recognises that its work is dependent upon sufficient incoming financial resources to cover operating costs.
- Monthly finance committee meetings are now in place with management team and trustees.
- Annual independent reviews completed.
- Actively working towards reserves policy.
- Instigated strategic development plan to broaden and grow income streams.
Safeguarding: The charity works with children, young people and vulnerable adults.
- Safeguarding policy in place and read and signed by all new staff and core volunteers.
- - All staff and volunteers required to complete and undergo DBS check.
- Safeguarding training provided for key staff and relevant volunteers
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Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
Data Protection: The charity recognises that all data needs to have appropriate permissions and be held securely to minimise risks.
- The Charity has instigated all necessary procedures and policies to ensure it complies with the latest General Data Protection Regulation Act.
## **STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES**
The Trustees are responsible for preparing the Annual Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these 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 judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards 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 charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.
They 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 other irregularities. In so far as the Trustees are aware:
- there is no relevant audit information of which the charitable company’s auditors are unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with Chapter 3 of Part 16 of the Companies Act 2006 relating to small entities.
## FOR AND ON BEHALF OF THE TRUSTEES
Mr G. Grant, Chair of Trustees Date: 23 June 2023 The Estate Office, Latimer Park, Latimer, Chesham, Bucks, HP5 1TU
14
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2022.
## **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**
Since the Company’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:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- 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
- 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.
Adam Halsey FCA DcHA, Independent Examiner Date: 11 August 2023 Haysmacintyre LLP, 10 Queen Street Place, London, EC4R 1AG
15
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
**Financial Statements**
## **STATEMENT OF FINANCIAL ACTIVITIES**
Including Income and Expenditure Account for the Year Ended 30 November 2022
|**Note**
**Incoming resources**
**Incoming resources from generated funds**
Donations
**3**
Grants received
Other trading income
**4**
Investment income
**Total income**
**Expenditure on**
Charitable Activities
**5**
**Total expenditure**
**Net income/(expenditure) for the year before transfers**
**2**
**Transfers**
**13**
**Net movements in Funds**
**Balances carried forward at 30 November 2021**
**Balances carried forward at 30 November 2022**|**General funds**
**Designated**
**funds Restricted funds**
**Total funds**
**2022**
**Total funds**
**2021**
**£**
**£**
**£**
**£**
**£**
133,429
50,000
83,740
267,169
259,842
174,985
-
-
174,985
169,746
155,063
-
-
155,063
165,532
397
-
-
397
972
**463,874**
**50,000**
**83,740**
**597,614**
**596,092**
530,782
48,434
65,370
644,586
570,650|
|---|---|
||**530,782**
**48,434**
**65,370**
**644,586**
**570,650**|
||(66,908)
1,566
18,370
(46,972)
25,442
(21,401)
27,876
(6,475)
-
-|
||**(88,309)**
**29,442**
**11,895**
**(46,972)**
**25,442**
**149,219**
**2,410,490**
**81,619**
**2,641,328**
**2,615,886**|
||**60,910**
**2,439,932**
**93,514**
**2,594,356**
**2,641,328**|
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities. The notes on pages 18-24 form part of these financial statements.
16
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **BALANCE SHEET As at 30 November 2022**
|**BALANCE SHEET**
**As at 30 November 2022**||
|---|---|
|**Note**
**Tangible fixed assets**
**8**
**Current assets**
Debtors
**9**
Cash at bank
**Creditors - Amounts due within one year**
**10**
**Net current assets**
Creditors - Amounts due after more than one year
**11**
**Total assets less liabilities**
**Represented by**
General unrestricted income funds
**13**
Designated capital funds
**13**
Restricted funds
**13**|**Designated:**
**Restricted:**
**General**
**funds**
**Property &**
**Fixed Assets**
**Property &**
**Fixed Assets**
**Total 2022**
**Total 2021**
**£**
**£**
**£**
**£**
**£**
-
2,769,969
35,238
2,805,207
2,819,290
17,197
-
-
17,197
14,549
227,735
-
58,276
286,011
322,126
**244,932**
**-**
**58,276**
**303,208**
**336,675**
(10,260)
-
(10,260)
(10,837)
**234,672**
**-**
**58,276**
**292,948**
**325,838**
-
(503,800)
-
(503,800)
(503,800)
**234,672**
**2,266,169**
**93,514**
**2,594,356**
**2,641,328**|
||60,910
-
60,910
149,219
-
2,439,932
2,439,932
2,410,490
-
93,514
93,514
81,619|
||**60,910**
**2,439,932**
**93,514**
**2,594,356**
**2,641,328**|
The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime and in accordance with the provision of FRS 102.
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities. The notes on pages 18-24 form part of these financial statements.
As mentioned in the Annual Report, the charity’s resources are largely tied up in the Designated Capital Funds - £2.4m. These are not available to run activities and programmes or support core charity costs as they mainly relate to the cost of acquiring the Latimer site some years ago. The land, buildings and lakes at Latimer Park are essential to the running of indoor and outdoor activities and programmes that inspire, train and equip children, young people and families and bring restored hope.
For the year ending 30 November 2022 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors of the Charity (and trustees) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.
The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2023 and were signed below on its behalf by:
G Grant, Chair of Trustees
17
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **ACCOUNTING POLICIES For the Year Ended 30 November 2022**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Accounting Basis**
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) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Restore Hope meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going Concern**
The Board of Trustees have assessed the Charity’s requirements for the foreseeable future. The Trustees have taken a conservative approach to budgeting and are confident that the Charity’s reserves are sufficient to enable operations (including likely donations requests) to continue at a sustainable level for a period of at least 12months from the date of approval of these financial statements. The Charity therefore continues to adopt the going concern basis in preparing its financial statements. As there are no material uncertainties about the Charity’s ability to continue operating, the accounts have been prepared on a going concern basis.
Freehold buildings - 2% per annum straight line Fixtures and fittings - 25 % per annum straight line Plant and machinery - 25 % per annum straight line
## **Income**
Income represents donations and proceeds of fundraising, monies received for events and other selffunding activities.
Income has been accounted for on the basis of cash received, except for tax recoverable in respect of Gift Aid receipts and interest receivable which are accounted for on an accrual’s basis
## **Expenditure**
Expenditure is accounted for on an accrual’s basis, inclusive of VAT, which cannot be recovered. Charitable activities include the costs of activities which meet the objectives of the charitable company and any grants payable. Costs are allocated to specific events and activities, where possible. Support costs are costs relating to the overall operation of the charity and it is not considered practicable to apportion these costs between specific events and activities on a reliable and consistent basis.
Where gifts in kind or donated services are made to the charitable company, a credit is made to the income of the charitable company at a valuation made by the Board of Trustees. If the charitable company is provided with facilities at no charge or reduced cost, the full market cost is included in expenditure with corresponding recognition of income.
Governance costs are those associated with meeting the statutory requirements of running the charitable company. These costs include costs relating to the statutory audit
## **Fixed Assets**
Fixed assets are stated at cost or deemed cost (donated valuation at estimated fair value) less accumulated depreciation and impairment losses. Depreciation is calculated to write off the costs of the fixed asset by equal instalments as follows, all straight line:
## **For the Year Ended 30 November 2022**
18
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **ACCOUNTING POLICIES (CONT)**
## **Post balance sheet events**
There are no material impacts on the Charity or its assets which are required to be highlighted in the post balance sheet events notes.
## **Tax Status**
As a registered charity the charitable company is not liable to corporation tax as a result of exemptions afforded under the Corporation Taxes Act 2010 (CTA2010).
## **Pension costs**
The company operates defined contribution schemes for the benefit of its employees. The costs of contributions are charged against income in the year in which they are payable.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents include cash and short term highly liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Unrestricted general funds - these are funds which can be used in accordance with the charitable objectives at the discretion of the Council of Management.
Designated funds - these are funds set aside by the Council of Management out of unrestricted general funds for specific purposes or projects.
Restricted funds - these are funds which can only be used for particular purposes within the objectives of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Estimates and judgements**
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the trustee's best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Trustees do not consider there to be any estimates and judgements.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.
## **Funds accounting**
Funds held by the charitable company are:
The nature and purpose of each fund is explained further in the notes to the financial statements.
## **NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 November 2022**
19
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
## **2. NET (EXPENDITURE)/ INCOME FOR THE YEAR**
|||||**2022**|**2021**|
|---|---|---|---|---|---|
|||||**£**|**£**|
|Depreciation||||48,434|46,968|
|Independent Examiner fees||||3,330|2,760|
|||||**51,764**|**49,728**|
|**DONATIONS AND LEGACIES**|**2022**|||||
||**General**|**Designated**|**Restricted**|**Total funds**|**Total funds**|
||**funds**|**funds**|**funds**|**2022**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|Charitable income including Gift Aid|130,661|50,000|83,740|264,401|243,601|
|Income from other events|2,768|-|-|2,768|16,241|
|Donated services|-|-|-|-|-|
||**133,429**|**50,000**|**83,740**|**267,169**|**259,842**|
## **3A. DONATIONS AND LEGACIES 2022**
## **3B. DONATIONS AND LEGACIES 2021**
||**General**|**Designated**|**Restricted**|**Total funds**|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**2021**|
||**£**|**£**|**£**|**£**|
|Charitable income including Gift Aid|193,601|50,000|-|243,601|
|Income from other events|16,241|-|-|16,241|
|Donated services|-|-|-|-|
||**209,842**|**50,000**|**-**|**259,842**|
## **4A. OTHER TRADING INCOME 2022**
|Licence of fishing rights
Other contractual income
Farm
Fundraising Income
Rental Income|**General**
**Designated**
**Total funds**
**Total funds**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
40,000
-
40,000
40,000
19,645
-
19,645
33,218
23,716
-
23,716
20,723
50
-
50
897
71,652
-
71,652
70,694|
|---|---|
||**155,063**
**-**
**155,063**
**165,532**|
## **4B. OTHER TRADING INCOME 2021**
|Licence of fishing rights
Other contractual income
Farm
Fundraising Income
Rental Income|**General**
**Designated**
**Total funds**
**funds**
**funds**
**2021**
**£**
**£**
**£**
40,000
-
40,000
33,218
-
33,218
20,723
-
20,723
897
-
897
70,694
-
70,694|
|---|---|
||**165,532**
**-**
**165,532**|
## **5. CHARITABLE ACTIVITIES - COSTS OF ACTIVITIES IN FURTHERANCE OF THE OBJECTIVES OF THE CHARITY**
20
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
|**Governance Costs**
Salary costs
Provision of emergency meals and food boxes
Farm expenditure
Estate maintenance
Buildings maintenance
General office expenses
Travel expenses and staff training
Utilities
Insurance
Rates
Activities (events) costs
Interest payable
Advertising
Depreciation
Hospitality Expenses
Housekeeping
Motor expenses
Professional fees (property development)
Debt Written off
Governance costs (note 6)
Independent Examination fees - current year
Accountancy fees
General office expenses
Professional and Legal fees||**2022**
**General**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**£**
**£**
**£**
327,782
-
60,000
387,782
27,469
-
-
27,469
6,350
-
-
6,350
5,355
-
-
5,355
15,119
-
-
15,119
23,498
-
-
23,498
3,321
-
-
3,321
19,922
-
-
19,922
10,488
-
-
10,488
4,301
-
-
4,301
11,420
-
-
11,420
16,218
-
-
16,218
2,275
-
-
2,275
-
48,434
-
48,434
16,876
-
-
16,876
2,709
-
-
2,709
6,360
-
-
6,360
-
-
-
-
-
-
-
-
31,319
-
5,370
36,689
**530,782**
**48,434**
**65,370**
**644,586**
**General**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**£**
**£**
**£**
3,030
-
-
3,030
300
-
-
300
2,837
-
-
2,837
25,152
-
5,370
30,522
**31,319**
**-**
**5,370**
**36,689**
**2022**|**General**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**£**
**£**
**£**
306,950
-
-
306,950
39,681
-
-
39,681
8,917
-
-
8,917
2,705
-
-
2,705
26,405
-
-
26,405
23,693
-
-
23,693
5,874
-
-
5,874
17,417
-
-
17,417
11,784
-
-
11,784
5,185
-
-
5,185
23,893
-
-
23,893
12,545
-
-
12,545
5,962
-
-
5,962
-
46,968
-
46,968
16,678
-
-
16,678
3,894
-
-
3,894
5,894
-
-
5,894
-
-
-
-
-
-
-
-
6,205
-
-
6,205
**2021**|
|---|---|---|---|
||||**523,682**
**46,968**
**-**
**570,650**|
||||**General**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**£**
**£**
**£**
2,760
-
-
2,760
300
-
-
300
2,784
-
-
2,784
361
-
-
361
**2021**|
||||**6,205**
**-**
**-**
**6,205**|
## **6. Governance Costs**
## **7. EMPLOYMENT COSTS**
|Salaries and wages
Social security costs
Employer pension costs|**2022**
**2021**
**£**
**£**
341,874
274,568
30,228
19,458
15,680
12,924|
|---|---|
||**387,782**
**306,950**|
No employees received remuneration at a rate in excess of £60,000. On average there were 15.08 employees during the year (2021: 13.17). The total employee benefits of the key management personnel of the group were £226,029 (2021: £195,265). No expenses were reimbursed to trustees in the year (2021: £nil). No trustee received remuneration from the charitable company in the current or prior year.
## **8. TANGIBLE FIXED ASSETS**
21
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
|Additions
**COST**
At 1 December 2021
**At 30 November 2021**
Disposals
**At 30 November 2022**
**DEPRECIATION**
At 1 December 2021
Charge for the period
On disposals
**At 30 November 2022**
**NET BOOK VALUE**
**At 30 November 2022**|**Freehold**
**Property**
**Fixtures &**
**Fittings**
**Plant &**
**Machinery**
**Assets in**
**Course of**
**Construction**
**Total**
**£**
**£**
**£**
**£**
**£**
3,194,812
17,126
202,069
7,362
3,421,369
-
4,000
2,475
27,876
34,351
-
-
-
-
-|
|---|---|
||**3,194,812**
**21,126**
**204,544**
**35,238**
**3,455,720**|
||420,027
12,532
169,520
-
602,079
33,053
3,380
12,001
-
48,434
-
-
-
-
-|
||**453,080**
**15,912**
**181,521**
**-**
**650,513**|
||**2,741,732**
**5,214**
**23,023**
**35,238**
**2,805,207**|
||**2,774,785**
**4,594**
**32,549**
**7,362**
**2,819,290**|
All of these assets are used for charitable purposes. Assets in the course of construction represent expenses and costs of reconfiguring buildings to meet the ongoing operational needs of the charity.
## **9. Debtors**
|**9. Debtors**||
|---|---|
|**10. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR**
**11. CREDITORS: AMOUNTS DUE AFTER MORE THAN ONE YEAR**
Prepayments
Other debtors
PAYE and social security
Payroll liability
Pension creditor
Deferred Income
Other creditors
Accruals
Loans :
Buckinghamshire Building Society|**2022**
**2021**
**£**
**£**
9,947
7,367
7,250
7,182
**17,197**
**14,549**
**2022**
**2021**
**£**
**£**
6,853
6,365
-
-
-
309
-
-
-
-
3,407
4,163|
||**10,260**
**10,837**|
||
**2022**
**2021**
**£**
**£**
503,800
503,800
**503,800**
**503,800**|
The mortgage from Buckinghamshire Building Society is an Any Purpose loan. It is a 15-year interest only mortgage commencing 26 June 2013 and is repayable in June 2028. The effective interest rate at 30November 2022 was 4.14%. The mortgage is secured against 21 & 24 Latimer Park, Latimer, Chesham, Bucks, HP5 1TU.
## **12. RELATED PARTY TRANSACTIONS**
22
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
In the year ended 30 November 2022, UK retailer The Entertainer, of which two of five directors also serve as trustees at Restore Hope, made donations totalling £160,000 (2021: £25,000) for the day-to-day running of the Charity. Mr. D Trevor, the husband of one of the trustees made donations totalling £1200 (2021: £1200) during the year ended 30 November 2022. In the year ended 30 November 2022, The Entertainer was paid £298.41 (2021: £162.15) for the purchase of toys for Christmas parties for the families that Restore Hope supports.
## **13A. MOVEMENT IN FUNDS 2022**
||**At 30 November**||||**At 30 November**|
|---|---|---|---|---|---|
||**2021**|**Income**|**Expenditure**|**Transfers**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|Restricted Funds:||||||
|Property & Fixed Asset Fund|81,619|23,740|(5,370)|(6,475)|93,514|
|Salary support fund|-|60,000|(60,000)|-|-|
|_Total restricted funds_|**81,619**|**83,740**|**(65,370)**|**(6,475)**|**93,514**|
|Designated capital funds||||||
|Property & Fixed Asset Fund|2,410,490|50,000|(48,434)|27,876|2,439,932|
|_Total designated funds_|**2,410,490**|**50,000**|**(48,434)**|**27,876**|**2,439,932**|
|General Unrestricted Funds|149,219|463,874|(530,782)|(21,401)|60,910|
||**149,219**|**463,874**|**(530,782)**|**(21,401)**|**60,910**|
|Total funds|**2,641,328**|**597,614**|**(644,586)**|**-**|**2,594,356**|
The Restricted Property & Fixed Asset Fund relates to funds available for maintenance of the property and other Trust assets.
## **13B. MOVEMENT IN FUNDS 2021**
|Restricted Funds:
Property & Fixed Asset Fund
_Total restricted funds_
Designated capital funds
Property & Fixed Asset Fund
_Total designated funds_
General Unrestricted Funds
Total funds|**At 30 November**
**2020**
**Income**
**Expenditure**
**Transfers**
**At 30 November**
**2021**
**£**
**£**
**£**
**£**
**£**
96,100
-
-
(14,481)
81,619|
|---|---|
||**96,100**
**-**
**-**
**(14,481)**
**81,619**
2,395,226
50,000
(46,968)
12,232
2,410,490|
||**2,395,226**
**50,000**
**(46,968)**
**12,232**
**2,410,490**|
||124,560
546,092
(523,682)
2,249
149,219|
||**124,560**
**546,092**
**(523,682)**
**2,249**
**149,219**|
||**2,615,886**
**596,092**
**(570,650)**
**-**
**2,641,328**|
## _DESIGNATED –PROPERTY AND FIXED ASSET FUND_
The Property and Fixed Asset Fund is represented by Fixed Assets (see the Balance Sheet and note 8) and relates to the original cost of acquiring the Latimer site, net of mortgage financing as set out in note 1. The Trustees consider this fund as the fixed capital of the Trust and therefore not available to fund the running costs of the charity.
## **14. CONTINGENCIES**
There were no contingent liabilities which should be disclosed at 30 November 2022 (2021: None).
## **15. CAPITAL COMMITMENTS**
There were no capital commitments at 30 November 2022 (2021: None).
## **16. ULTIMATE CONTROLLING PARTY**
23
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022
There is no ultimate controlling party.
## **17. FUTURE COMMITMENTS**
The Charity has no future commitment.
## **18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES**
|**Incoming resources**
**Incoming resources from generated funds**
Donations
Grants received
Other trading income
Investment income
**Total income**
**Expenditure on**
Charitable Activities
**Total expenditure**
**Net income/(expenditure) before other recognised gains/losses**
**Net income/(expenditure) for the year before transfers**
**Transfers**
**Net movements in Funds**
**Balances carried forward at 30 November 2020**
**Balances carried forward at 30 November 2021**|**General funds**
**Designated**
**funds Restricted funds**
**Total funds**
**2021**
**Total funds**
**2020**
**£**
**£**
**£**
**£**
**£**
209,842
50,000
-
259,842
618,078
169,746
-
-
169,746
109,158
165,532
-
-
165,532
142,178
-
-
-
-
-
972
-
-
972
1,283
-
-
-
-
-|
|---|---|
||**546,092**
**50,000**
**-**
**596,092**
**870,697**|
||523,682
46,968
-
570,650
516,861|
||**523,682**
**46,968**
**-**
**570,650**
**516,861**|
||22,410
3,032
-
25,442
353,836|
||22,410
3,032
-
25,442
353,836
2,249
12,232
(14,481)
-
-|
||**24,659**
**15,264**
**(14,481)**
**25,442**
**353,836**
**124,560**
**2,395,226**
**96,100**
**2,615,886**
**2,262,050**|
||**149,219**
**2,410,490**
**81,619**
**2,641,328**
**2,615,886**|
24
Restore Hope: Annual Report and Financial Statements For year ended 30 November 2022