Scottish Charity Number: SC043667 Charity Commission Number: 1100325 Company Number: 4891100 (England and Wales)
Centre of Hope Report & Financial Statements For the year ended 31 March 2022
Innes & Partners Chartered Certified Accountants
Centre of Hope Contents
| Page | |
|---|---|
| Reportofthe Trustees | 1-4 |
| Reportofthe IndependentExaminer to the Trustees | 5 |
| Statement ofFinancial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheFinancialStatements | 8-13 |
Centre of Hope Report of the Trustees for the year ended 31 March 2022
Report of the Trustees
The Trustees, who are also Directors for the purposes of Company Law, present their report and accounts for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).
| Principal address | Registered Office |
|---|---|
| Doonbrae | 7HawthornAvenue |
| 93 CliftonRoad | Swanston |
| Lossiemouth | Cambridge |
| Morayshire | CB22 3TE |
| IV316DP |
Status of Charity and Governing Document
The charity is a company limited by guarantee (No. 4891100) registered in England and Wales and was incorporated on 8 September 2003. It is governed by the company’s Memorandum and Articles of Association. The organisation is registered with OSCR as a Scottish charity (No. SC043667) and with the Charity Commission (No.1100325).
A separate charity called Asociatia Centre of Hope was established in Romania in May 2002. The Principle and members of this charity have a number of Directors in common with the Centre of Hope - GLIA.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Objectives and activities
The objectives of the Centre of Hope are to provide practical help, comfort and spiritual encouragement to the people of Romania. These objectives are achieved through the running of a family support centre, the Centre of Hope in Dorohoi, Romania, where the poor and needy are able to come for diverse assistance as set out in the section “Achievements and performance” below. In order to continue resourcing the work of the Centre of Hope, an integral part of our activities is to raise awareness in the UK of the conditions of the poor and needy of Dorohoi.
Public benefit statement
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.
Trustees and Office Bearers
The Trustees, who are also the Directors for the purpose of company law, and who served during the year were:
Graham Briscoe (Chair of Trustees) Anita Hillman Peter Butcher Nicholas Hillman Laura Frost Gillian Martin Company Secretary: Lesley Butcher
Page 1
Centre of Hope Report of the Trustees for the year ended 31 March 2022
Trustees and Office Bearers (cont’d)
Prospective new Trustees are advised of their responsibilities as trustees and are invited to attend a Board meeting ex officio. If the Board of Trustees and the prospective trustee are in agreement they are appointed to the Board in accordance with the charitable company’s Memorandum and Articles of Association.
Achievements and performance
As Romania was in lockdown due to Coronavirus since end of March 2020 and until the beginning of 2022 and people have been unable to come into the buildings, the children’s club. ladies’ group, men’s group, youth group and weekly worship group have had to stop. Public showers also had to stop. Our Romanian Team continued to prepare hot meals as usual but as take-aways which has been appreciated. We have also been able to continue with monthly food bags and help with gas bottles, wood for fires, vitamins and costs for medicine etc. Over Christmas we were able to give gifts to children and the elderly and our usual larger food bags in December. We are very proud of our Team of four still continuing to do this.
Sadly, the general situation in Dorohoi continues to be the same, mainly because of the continually rising cost of food and fuel, which makes life more difficult especially in these difficult times. Some new families have come to the Centre asking for hot meals and food bags and through the General Fund we have been able to take them into our programme. We continue to help in areas of obvious need and distress. The number of families being supported regularly through specific donations continue and these donations are administered by the Centre of Hope. We have also been able to continue our Education Project, helping particularly with teenagers in secondary schools, university students and others training as nurses, cookery courses or similar courses.
We continue to assess everyone who applies for help and for how long and we continue to work closely with the local Social Services. Centre of Hope is recognised as being part of the social work of the town although retaining its charity status and is not supported by any funding through the Romanian Government or any other charitable body in Romania.
At the beginning of February we were aware of a deteriorating situation in the Ukraine, and started to plan for any need that there might be to take in Ukraine refugees (The Centre is only approx. 15 miles from the Ukraine Border crossing and also the Moldovan border). From the beginning of March 2022 we were providing accommodation and somewhere to have rest and refreshment for Ukraine refugees who arrived very distressed. Most of those that came to the Centre had had arduous journeys but tended to stay from 1 — 4 nights and generally knew where they were travelling on to. During March we hosted about 175 refugees at the Centre.
The support for the refugees has not impinged on our work with the Romanians and hopefully will only be for a temporary period.
The work of the Charity continues to grow as more people become aware of the activities at the Centre through e-mail and regular newsletters. Due to the Pandemic we have not given as many presentations, or had any visitors to the Centre.
Peter and Lesley Butcher reside in Scotland and Centre of Hope — GLIA is registered as a Charity in Scotland as well as England and Wales.
Page 2
Centre of Hope Report of the Trustees for the year ended 31 March 2022
Future plans
We continue to look at ways in which the Charity can develop and increase its activities at the Centre in order to help “break the cycle” of poverty that so many families are in, but always being aware of the aims and key objectives of the Charity.
Financial Review
Principal sources offunding
The principal funding of the charity continues to be through individuals, trusts and churches which have supported the key objectives of the charity as shown in this report and accounts.
In February “Stewardship” notified us that they would be closing the account that we hold with them in June 2022, and the Trustees are having ongoing discussion about where to transfer the funds too. It will also be noted that as of October 2021 a new GBP account was opened in Romania at the Banca Transylvania for the Asociatia Centre of Hope as the Banca Transylvania informed us that they could no longer accept funds to the existing GBP account for charitable purposes.
This now means that we need to withdraw sterling cash in the UK and take it to Romania to use for goods and services that cannot be put through the As. Centre of Hope account. All monies that does not go through the As. Centre of Hope is used to help those in need and is recorded.
Resultsfor the year
The attached accounts fully detail the financial position of the charity and the Trustees continue to thank the Lord and all those who have supported the work of the Centre during the year under review. The Statement of Financial Activities on page 6 reflects net incoming resources of £21,735 (2021: £1,129).
During the financial year under review, other than funds donated to the General Fund, dentistry, specific family sponsorship and gas bottles, the one designated fund, Operation Build, has given us permission to use the monies from that fund building work or maintenance of the Centre in Dorohoi, helping with decorating and building related materials for the beneficiaries or with any building project that we feel is a worthy cause.
Reserves
It continues to be the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The Trustees consider that reserves at this level will ensure that in the event of a significant drop in support, they will be able to continue the majority of the charity’s current activities while consideration is given to ways in which additional funds may be raised. The General Fund (page 6) at 31 March 2022 amounted to £41,157 (2021: £36,138) which met this target.
Total reserves, including the net book value of fixed assets and balances on restricted funds amounted to £65,122 (2021: £43,387).
Statement on Risk
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Page 3
Centre of Hope Report of the Trustees for the year ended 31 March 2022
Bankers
CAF Bank Ltd BCR . 25 Kings Hill Avenue 5 Regina Elisabeta Bvd Kings Hill Sector 3 West Malling Bucharest Kent Postal code 030016 ME19 4JQ Stewardship Banca Transilvania 1 Lamb’s Passage Str Dumitru Furtuna - London Dorohoi EC1Y 8AB Romania
Trustees responsibilities
The Trustees (who are also Directors of the charity, for the purposes of company law) are responsible for preparing the Trustees’ Annual Report 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 that period. In preparing these financial statements, the Trustees are required to:
-
e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charities SORP; e make judgements 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;
-
@ 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.
Approved by the Trustees on Bag. (2.,[ ....2022 and signed on their behalf by:
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ftr-~ e
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Peter Butcher Trustee
Page 4
Centre of Hope
Independent Examiner’s report to the Trustees for the year ended 31 March 2022
I report on the accounts of the company for the year ended 31 March 2022, which are set out on pages 6 to 13.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) or under Regulation 10 (1)(a) to (c) of The Charities Accounts (Scotland) Regulations 2006 (as amended) (the 2006 Accounts Regulations) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
e examine the accounts under section 145 of the 2011 Act and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act);
-
e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
e to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
e to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 44(1)(a) of the 2005 Act; and
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e to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006, section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations; and
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e which are consistent with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
onathan N Innes FCCA Managing Director
Innes & Partners Limited Chartered Certified Accountants Date: tz a..o090
9 Ardross Street Inverness IV3 5NN Innes & Partners Chartered Certified Accountants
Page5
Centre of Hope
Statement of Financial Activities (incorporating Income and Expenditure Account) For the year ended 31 March 2022
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|General|Designated|Restricted|2022|2021|
|fund|fund|funds|Total|Total|
|Notes|£|£|£|£|£|
|Income|
|Donations|and|legacies|2|71,622|-|22,734|94,356|79,804|
|Charitable|activities|3|-|-|1,554|1,554|750|
|Other trading|activites|4|2,268|-|-|2,268|469|
|Total|income|73,890|-|24,288|98,178|81,023|
|Expenditure|
|Charitable|activities|5|68,446|-|7,572|76,018|79,746|
|Total|expenditure|68,446|-|7,572|76,018|79,746|
|Net income|before|transfers|5,444|-|16,716|22,160|1,277|
|Transfers|18,19|-|-|-|-|-|
|Net|movement|in|funds|after|transfers|5,444|-|16,716|22,160|1,277|
|Gains/(losses)|on|foreign|currency|
|exchange|(425)|-|-|(425)|(148)|
|5,019|-|16,716|21,735|1,129|
|Total|funds|brought|forward|36,138|-|7,249|43,387|42,258|
|Total|funds|carried|forward|18,19|41,157|-|23,965|65,122|43,387|
|Represented|by:|
|Unrestricted|fund|18|
|General|fund|41,157|-|-|41,157|36,138|
|Designated|Funds|18|
|Designated assetsfund|-|-|-|-|-|
|Restricted|Funds|19|
|Family supportfund|-|-|1,362|1,362|612|
|Operation|buildfund|-|-|973|973|2,612|
|Dentistryfund|-|-|837|837|837|
|Peter and Lesley supportfund|-|-|1,086|1,086|1,011|
|Gas|bottle|and woodfund|-|-|2,125|2,125|2,177|
|Ukraine|Crisis|fund|-|-|17,582|17,582|-|
|Total Funds|41,157|-|23,965|65,122|43,387|
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The notes on pages 8 to 13 form part of these financial statements.
Page 6
(Registered Co No: 4891100)
Centre of Hope
Balance sheet
| Balance sheet | ||||||
|---|---|---|---|---|---|---|
| As at 31 March 2022 | ||||||
| Unrestricted | Designated | Restricted | 2022 | 2021 | ||
| funds | fund | funds | Total | Total | ||
| Notes | £ | £ | £ | £ | £ | |
| Fixed assets | ||||||
| Tangible assets | 13 | - | - | - | - | - |
| Total fixed assets | = | = | = | i | ‘3 | |
| Current assets | ||||||
| Debtors | 15 | 7,135 | - | 525 | 7,660 | 7,721 |
| Cash atbankand inhand | 35,922 | - | 23,440 | 59,362 | 37,046 | |
| Total current assets | 43,057 | - | 23,965 | 67,022 | 44,767 | |
| Liabilities | ||||||
| Creditors: falling duewithin one year | 16 | (1,900) | - | - | (1,900) | (1,380) |
| Net current assets | 41,157 | - | 23,965 | 65,122 | 43,387 | |
| Total assets less current liabilities | 41,157 | - | 23,965 | 65,122 | 43,387 | |
| Total net assets | 41,157 | - | 23,965 | 65,122 | 43,387 | |
| The funds ofthe Charity | ||||||
| Unrestricted fund | 18 | 41,157 | - | - | 41,157 | 36,138 |
| Designated fund | 18 | 3 | = | « | a | z |
| Restricted funds | 19 | - | - | 23,965 | 23,965 | 7,249 |
| Totalcharityfunds | 41,157 | - | 23,965 | 65,122 | 43,387 |
These financial statements have been prepared in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 Section 1A - Small entities and with the provisions applicable to companies subject to the small companies' regime.
For the year ending 31 March 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of the accounts. ,
The financial statements were approved by the Board on 21,Lli.../-...2022 and signed on their behalf by:
Peter Butcher Trustee
The notes on pages 8 to 13 form part of these financial statements.
Page 7
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
1. Accounting policies
Basis ofpreparation
Centre of Hope is a company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared in accordance with the Charities Act 2011 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 Section 1A — Small Entities) published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016), the Charities and Trustee Investment (Scotland) Act 2005, the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The charity constitutes a public benefit entity as defined by FRS 102.
Income and Debtors
All voluntary income and bank interest is accounted for when received apart from income tax recoveries on Gift Aid which are accounted for on an accruals basis. Debtors are valued at cost at the year end and adjusted for any amounts considered to be unrecoverable.
Expenditure and Creditors
Expenditure is recognised on an accruals basis whena liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs ofan indirect nature necessary to support them.
Creditors are valued at cost at the year end and split between amounts due in less than one year and amounts due in more than one year.
Fixed assets
Tangible fixed assets, other than land, are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Computers and equipment
25% straight line
Foreign currency
Transactions in foreign currencies are brought into account at the rate prevailing at the date of the transaction. Balances in hand at the year-end are converted to sterling at the rate of exchange prevailing at the balance sheet date. Any differences arising from the use of varying exchange rates are written off at the year-end as a gain or loss on foreign exchange transactions.
Statement of Financial Activities
For the purpose of the Statement of Financial Activities as shown on page 6, funds are defined as follows:
Unrestricted funds comprise grants and other income received for the objects of the charity without further specified purpose and are available as general funds.
Designated funds represent unrestricted funds which have been earmarked by the Trustees’ for particular purposes.
Restricted funds comprise income which has been received for the objects of the charity and specified for a restricted purpose within these objects by the donor.
Page 8
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
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|||||||||
|---|---|---|---|---|---|---|---|
|2.|Donations and|legacies|Unrestricted|Designated|Restricted|2022|2021|
|fund|fund|funds|Total|Total|
|£|£|£|£|£|
|Donations|29,966|-|15,171|45,137|40,883|
|Donations|- Education|1,140|-|-|1,140|1,200|
|Gift Aid|donations|32,658|-|6,050|38,708|28,074|
|Gift Aid Donations|-|Education|1,560|-|-|1,560|1,920|
|Gift Aid reclaimable|6,298|-|1,513|7,811|7,727|
|71,622|-|22,734|94,356|79,804|
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Income from donations and legacies was £94,356 (2021: £79,804) of which £71,622 was unrestricted (2021: £75,839), £nil was designated (2021: £nil) and £22,734 was restricted (2021: £3,965).
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||||||||||
|---|---|---|---|---|---|---|---|---|
|3.|Charitable|activities|- income|Unrestricted|Designated|Restricted|2022|2021|
|fund|fund|funds|Total|Total|
|£|£|£|£|£|
|Sponsorship|-|-|1,554|1,554|750|
|-|-|1,554|1,554|750|
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Income from charitable activities was £1,554 (2021: £750) of which £nil was unrestricted (2021: £nil), £nil was designated (2021: £nil) and £1,554 was restricted (2021: £750).
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||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|4.|Other trading|activities|Unrestricted|Designated|Restricted|2022|2021|
|fund|fund|funds|Total|Total|
|£|£|£|£|£|
|Bank|interest|-|-|-|-|22|
|Other income|2,268|-|-|2,268|447|
|2,268|-|-|2,268|469|
|Income|from|other|trading|activities|was|£2,268|(2021:|£469)|of which which|£2,268|was|unrestricted|(2021:|£469),|£nil|was|
|designated|(2021:|£nil)|and|£nil was was|restricted|(2021:|£nil).|
|5.|Charitable|activities|-|expenditure|
|Staff|Direct|Support|2022|2021|
|costs|costs|costs|Total|Total|
|Activity|£|£|£|£|£|
|Grant|funding|to Romania|(Note|6)|-|53,786|-|53,786|60,817|
|Family|support|(Note|7)|-|3,394|-|3,394|3,304|
|Distress|fund|(Note|8)|-|6,672|-|6,672|6,992|
|UK|support|costs|(Note|9)|4,800|7,366|-|12,166|8,633|
|4,800|71,218|-|76,018|79,746|
|Of which:|
|Relating to general|funds|4,500|63,946|-|68,446|75,771|
|Relating to|designated|funds|-|-|-|-|-|
|Relating to|restricted|funds|300|7,272|-|7,572|3,975|
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Income from other trading activities was £2,268 (2021: £469) of which which £2,268 was unrestricted (2021: £469), £nil was designated (2021: £nil) and £nil was was restricted (2021: £nil).
Page 9
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
| 6. | Grantfunding | funding toRomania | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2022 | 2021 | |||
| fund | fund | funds | Total | Total | |||
| £ | £ | £ | £ | £ | |||
| Centre | operating costs | 51,541 | - | 2,245 | 53,786 | 60,817 | |
| 51,541 | - | 2,245 | 53,786 | 60,817 |
Expenditure from centre running costs was £53,786 (2021: £60,817) of which £51,541 was unrestricted (2021: £60,817), £nil was designated (2021: £nil) and £2,245 was restricted (2021: £nil).
| 7. | Familysupport | Unrestricted | Designated | Restricted | 2022 | 2021 |
|---|---|---|---|---|---|---|
| fund | fund | funds | Total | Total | ||
| £ | £ | £ | £ | £ | ||
| Sponsorship | 180 | - | 3,214 | 3,394 | 3,304 | |
| 180 | - | 3,214 | 3,394 | 3,304 |
Expenditure from family support costs was £3,394 (2021: £3,304) of which £180 was unrestricted (2021: £nil), £nil was designated (2021: £nil) and £3,214 was restricted (2021: £3,304).
| 8. | Distress fund | Unrestricted | Designated | Restricted | 2022 | 2021 |
|---|---|---|---|---|---|---|
| fund | fund | funds | Total | Total | ||
| £ | £ | £ | £ | £ | ||
| Dentistry | - | - | - | - | 226 | |
| Food | 3,362 | - | 540 | 3,902 | 3,101 | |
| General | 224 | - | - | 224 | 228 | |
| Medical | 117 | - | - | 117 | 1,145 | |
| Gas andwood | 241 | - | 52 | 293 | 376 | |
| Education | 2,136 | - | - | 2,136 | 1,916 | |
| 6,080 | - | 592 | 6,672 | 6,992 |
Expenditure from distress fund costs was £6,672 (2021: £6,992) of which £6,080 was unrestricted (2021: £6,766), £nil was designated (2021: £nil) and £592 was restricted (2021: £226).
Page 10
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
| 9. | UKsupport costs | Unrestricted | Designated | Restricted | 2022 | 2021 |
|---|---|---|---|---|---|---|
| fund | fund | funds | Total | Total | ||
| £ | £ | £ | £ | £ | ||
| Insurance | 590 | - | - | 590 | 463 | |
| Travel costs | 1,196 | - | 985 | 2,181 | 764 | |
| UkraineRefugee Crisis | - | - | 236 | 236 | - | |
| Staffcosts | 4,500 | - | 300 | 4,800 | 4,800 | |
| Legal and professional fees | 1,839 | - | - | 1,839 | 290 | |
| Independent Examination fee | 1,500 | - | - | 1,500 | 1,380 | |
| Bank charges | 737 | - | - | 737 | 602 | |
| Sundry expenses | 283 | - | - | 283 | 334 | |
| 10,645 | - | 1,521 | 12,166 | 8,633 |
Expenditure from UK support costs was £12,166 (2021: £8,633) of which £10,645 was unrestricted (2021: £8,188), £nil was designated (2021: £nil) and £1,521 was restricted (2021: £445). The average number of employees during the year was 2 (2021:2). There are no employees receiving more than £60,000.
10. Directors' remuneration and expenses
Peter Butcher, a Trustee & employee, and his wife Lesley Butcher, an employee, both received salaries in connection with their work in Romania on behalf of the charity amounting to £2,400 (2021: £2,400) and £2,400 (2021: £2,400) respectively. These payments are permitted by the company's Memorandum and Articles of Association. Whilst in Romania, Peter and Lesley Butcher also receive accommodation in the Centre which is provided by the charity, for the better performance of their duties whilst managing the Centre.
None of the other Trustees (or any persons connected with them) received any remuneration or were reimbursed any expenses during the year (2021: nil).
11. Liability of Members
The company is limited by guarantee and has no share capital. None of the Trustees has any beneficial interest in the company. The liability of each member in the event of winding-up is limited to £1. At 31 March 2022, there were 8 members (2021: 8).
12. Related party transactions
Peter Butcher, Trustee & employee and Lesley Butcher, employee, of the charity are board members of the Asociatia Centre of Hope, a charity in Romania and Nicholas Hillman, Gillian Martin and Graham Briscoe are members of the Asociatia. The Romanian charity has similar objectives to the UK charity and the two charities work together to achieve these objectives. A grant of £54,086 (2021: £60,817) was made to this charity to assist in this work which includes running the Centre of Hope in Romania.
Page 11
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
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|||||||
|---|---|---|---|---|---|
|13.|Tangible|fixed|assets|Computers|
|and|
|equipment|Total|
|Cost|£|£|
|At|1|April|2021|1,050|1,050|
|At 31|March|2022|1,050|1,050|
|Depreciation|
|At|1|April 2021|1,050|1,050|
|At 31|March|2022|1,050|1,050|
|Net|book value|
|At|31|March|2022|-|-|
|At|31|March|2021|-|-|
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14. Taxation
No liability to UK Corporation Tax arises in the light of the company's charitable status.
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|||||||||
|---|---|---|---|---|---|---|---|
|15.|Debtors:|amounts|falling due|within|one year|2022|2021|
|£|£|
|Gift Aid|due|7,660|7,721|
|7,660|7,721|
|16.|Creditors:|amounts|falling|due within|one year|2022|2021|
|£|£|
|Accruals|1,500|1,380|
|Other|Creditors|400|-|
|1,900|1,380|
|17.|Analysis|of Net Net|Assets Among Among|Funds|
|Total|
|Unrestricted|Restricted|Designated|Funds|
|Funds|Funds|Funds|2022|
|£|£|£|£|
|Fixed|Assets|-|-|-|-|
|Current|Assets|43,057|23,965|-|67,022|
|Current|Liabilities|(1,900)|-|-|(1,900)|
|As|at 31|March|2022|41,157|23,965|-|65,122|
|Total|
|Unrestricted|Restricted|Designated|Funds|
|Funds|Funds|Funds|2021|
|£|£|£|£|
|Fixed|Assets|-|-|-|-|
|Current Assets|37,518|7,249|-|44,767|
|Current|Liabilities|(1,380)|-|-|(1,380)|
|As|at 31|March|2021|36,138|7,249|-|43,387|
----- End of picture text -----
- Analysis of Net Net Assets Among Among Funds
Page 12
Centre of Hope
Notes to the financial statements for the year ended 31 March 2022
| 18. | Unrestricted funds | Balance at | Balance at | ||||
|---|---|---|---|---|---|---|---|
| 01.04.2021 | Income | Expenditure | Transfers | 31.03.2022 | |||
| £ | £ | £ | £ | £ | |||
| General fund | 36,138 | 73,890 | (68,871) | - | 41,157 | ||
| Designatedfund | |||||||
| Fixed assets fund | - | - | - | - | - | ||
| Total unrestricted funds | 36,138 | 73,890 | (68,871) | - | 41,157 | ||
| Balance at | Balance at | ||||||
| 01.04.2020 | Income | Expenditure | Transfers | 31.03.2021 | |||
| £ | £ | £ | £ | £ | |||
| General fund | 35,993 | 76,308 | (75,919) | (244) | 36,138 | ||
| Designatedfund | |||||||
| Fixed assets fund | - | - | - | - | - | ||
| Totalunrestricted funds | 35,993 | 76,308 | (75,919) | (244) | 36,138 | ||
| Explanation offunds | |||||||
| The GeneralFund isused forthe generalpurposes ofthe charity. | |||||||
| The Fixed assets fund | represents the net book value of the | charity's property, | fittings and | equipment, | |||
| distinguishing their value | from unrestricted general funds immediately available foruse. | ||||||
| 19. | Restricted funds | Balance at | Balance at | ||||
| 01.04.2021 | Income | Expenditure | Transfers | 31.03.2022 | |||
| £ | £ | £ | £ | £ | |||
| Family support fund | 612 | 3,964 | (3,214) | - | 1,362 | ||
| Operation buildfund | 2,612 | - | (1,639) | - | 973 | ||
| Dentistry fund | 837 | - | - | - | 837 | ||
| Peter andLesley support fund | 1,011 | 375 | (300) | - | 1,086 | ||
| Gas bottle andwoodfund | 2,177 | - | (52) | - | 2,125 | ||
| Ukraine Crisisfund | - | 19,949 | (2,367) | - | 17,582 | ||
| Total restricted funds | 7,249 | 24,288 | (7,572) | - | 23,965 | ||
| Balance at | Balance at | ||||||
| 01.04.2020 | Income | Expenditure | Transfers | 31.03.2021 | |||
| £ | £ | £ | £ | £ | |||
| Family supportfund | - | 3,810 | (3,329) | 131 | 612 | ||
| Operation buildfund | 2,612 | - | - | - | 2,612 | ||
| Dentistryfund | 733 | 330 | (226) | - | 837 | ||
| Peter and Lesley support fund | 981 | 375 | (420) | 75 | 1,011 | ||
| Gas bottle andwood fund | 1,939 | 200 | - | 38 | 2,177 | ||
| Totalrestrictedfunds | 6,265 | 4,715 | (3,975) | 448 | 7,249 |
The General Fund is used for the general purposes of the charity. The Fixed assets fund represents the net book value of the charity's property, fittings and equipment, distinguishing their value from unrestricted general funds immediately available for use.
Explanation offunds
The Family supportfund represents funds raised for the support of specific individuals in Romania. The Operation buildfund is used for the repair of individuals' homes in Dorohoi, Romania.
The Dentistry fund is used to provide dental care in Romania.
The Peter and Lesley supportfund represents contributions towards the living costs of Peter and Lesley Butcher, whilst undertaking their charitable work in Romania.
The Gas bottle and woodfund is used to assist individuals who require assistance with heating costs. The Ukraine Crisis fund represents funds received for work with Ukrainian refugees.
Page 13