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 2023
Innes & Partners Chartered Certified Accountants
## Centre of Hope Contents
||Page|
|---|---|
|Report ofthe Trustees|1-4|
|Report ofthe Independent Examiner 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 2023
## 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 2023. 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 7 Hawthorn Avenue 93 Clifton Road Swanston Lossiemouth Cambridge Morayshire CB22 3TE [V31 6DP
## 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.1 100325).
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 Member and signatory: Duncan Gilroy
Page 1
## Centre of Hope Report of the Trustees for the year ended 31 March 2023
## 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
The activities of the Centre in Romania continue to restart following the pandemic with our Romanian team continuing to prepare hot meals as take -aways enabling people to come and collect at a time suitable to them. We continue to provide monthly food bags and help with gas bottles, wood for fires, vitamins, and costs for medicine etc. As in past years we were able to provide Christmas gifts for 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 and rising prices — as elsewhere in the world — there has been some considerable extra cost to the Centre for proving meals and food bags. 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. It has been encouraging to hear from several people as to how much the help that we have provided has been beneficial to their lives.
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 2022, the situation in Ukraine deteriorated and as we are situated close to the Ukraine and Moldova borders, we continued to provide for Ukraine refugees to come and stay for rest and refreshment before they continued their journey. 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 and from March 2022 to June, we had provided accommodation, help with arranging transport for their onward journey for over 200 refugees. Since then, it has been quieter as those refugees that we are still in contact with have told us that logistically the Romanian and Moldovan borders are not the easiest. However, we remain open to receiving any refugees from the Ukraine. We are also exploring other ways in which we can support the Ukrainians through our Ukrainian fund.
The support for the refugees has not impinged on our work with the Romanians and hopefully will only be for a temporary period.
The support for the Charity continues to grow as more people become aware of the activities at the Centre through e-mail and regular newsletters and during he past year we have been able to give some presentations in person and via Skype.
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 2023
## 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.
After being notified by “Stewardship” that they would be closing the account that we held with them in June 2022, it was decided by the Trustees to transfer the funds to Kingdom Bank.
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.
## Results for 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 outgoing resources of £2,142 (2022: net incoming resources of £21,735).
## 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 2023 amounted to £37,845 (2022: £41,157) which met this target.
Total reserves, including the net book value of fixed assets and balances on restricted funds amounted to £62,980 (2022: £65,122).
## 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.
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 ECLY 8AB Romania
Page 3
## Centre of Hope
## Report of the Trustees for the year ended 31 March 2023
## 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:
- ° select suitable accounting policies and then apply them consistently;
- ° observe the methods and principles in the Charities SORP;
- ° 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 adca[8[.....2023][and][signed][on][their][ behalf][ by:]
Lh a Peter Butcher Trustee
Page 4
## Centre of Hope
Independent Examiner’s report to the Trustees for the year ended 31 March 2023
I report on the accounts of the company for the year ended 31 March 2023, 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:
1. 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
- 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
- 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
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
nathan N Innes FCCA Managing Director Innes & Partners Limited 9 Ardross Street Chartered Certified Accountants Inverness IV3 SNN
## Date: .NH.LOBL......2023
Innes & Partners Chartered Certified Accountants
Page 5
## Centre of Hope
Statement of Financial Activities (incorporating Income and Expenditure Account) For the year ended 31 March 2023
|||General|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||fund|fund|funds|Total|Total|
||Notes|£|£|£|£|£|
|Income|||||||
|Donations and legacies|2|125551|-|7,638|80,189|94,356|
|Charitable activities|3|-|-|400|400|1,554|
|Other trading activites|4|6,596|-|=|6,596|2,268|
|Total income||79,147|-|8,038|87,185|98,178|
|Expenditure|||||||
|Charitable activities|5|82,513|-|6,908|89,421|76,018|
|Total expenditure||82,513|-|6,908|$9,421|76,018|
|Netincome before transfers||(3,366)|-|1,130|(2,236)|22,160|
|Transfers|18,19|(40)|-|40|-|-|
|Netmovement in funds aftertransfers||(3,406)|-|1,170|(2,236)|22,160|
|Gains/(losses) on foreign currency|||||||
|exchange||94|-|-|94|(425)|
|||(3,312)|-|1,170|(2,142)|21,735|
|Total funds brought forward||41,157|-|23,965|65,122|43,387|
|Total funds carried forward|18,19|37,845|-|25,135|62,980|65,122|
|Represented by:|||||||
|Unrestricted fund|18||||||
|Generalfund||37,845|-|-|37,845|41,157|
|Designated Funds|18||||||
|Designated assetsfund||-|-|-|-|-|
|Restricted Funds|19||||||
|Familysupportfund||-|-|-|-|1,362|
|Operation buildfund||-|.|973|973|973|
|Dentistryfund||-|-|837|837|837|
|PeterandLesleysupportfund||-|-|1,161|1,161|1,086|
|Gas bottleandwoodfund||-|-|2.125|2,125|2,125|
|Ukraine Crisisfund||-|-|18,929|18,929|17,582|
|TotalFunds||37,845|-|25,135|62,980|65,122|
The notes on pages 8 to 13 form part of these financial statements.
Page 6
## Centre of Hope
(Registered Co No: 489| 100)
## Balance sheet
|Balance sheet|||||||
|---|---|---|---|---|---|---|
|As at 31 March 2023|||||||
||Unrestricted||Designated|Restricted|2023|2022|
|||funds|fund|funds|Total|Total|
||Notes|£|£|+|£|£|
|Fixed assets|||||||
|Tangible assets|13|_|.|'|-|_|
|Total fixed assets||-|-|-|-|z|
|Current assets|||||||
|Debtors|15|4,492|-|643|5,135|7,660|
|Cash atbank and in hand||34,853|.|24,492|59,345|59,362|
|Total current assets||39,345|-|25,135|64,480|67,022|
|Liabilities|||||||
|Creditors: falling due within one year|16|(1,500)|-|-|(1,500)|(1,900)|
|Net current assets||37,845|-|25,135|62,980|65,122|
|Total assets less current liabilities||37,845|~|25,135|62,980|65,122|
|Total net assets||37,845|-|25,135|62,980|65,122|
|The funds ofthe Charity|||||||
|Unrestricted fund|18|37,845|.|.|37,845|41,157|
|Designated fund|18|.|.|:|-|-|
|Restricted funds|19|-|-|25,135|25,135|23,965|
|Totalcharityfunds||37,845|-|25,135|62,980|65,122|
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 2023, 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 ofthe accounts. i: The financial statements were approved by the Board on .’LJ s++1+4++--2023 and signed on their behalf by:
**----- Start of picture text -----**
oe
Peter Butcher
Trustee
**----- End of picture text -----**
**----- Start of picture text -----**
|
**----- End of picture text -----**
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 2023
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 | 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 of an 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 ofFinancial 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 2023
|2.|Donations andlegacies|Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||fund|fund|funds|Total|Total|
|||£|£|£|£|£|
||Donations|46,800|-|4,425|51,225|45,137|
||Donations - Education|1,327|-|-|1,327|1,140|
||Gift Aid donations|18,124|-|2,570|20,694|38,708|
||Gift Aid Donations - Education|1,500|=|-|1,500|1,560|
||Gift Aid reclaimable|4,800|.|643|5,443|7,811|
|||72,551|-|7,638|80,189|94,356|
Income from donations and legacies was £80,189 (2022: £94,356) of which £72,551 was unrestricted (2022: £71,622), £nil was designated (2022: £nil) and £7,638 was restricted (2022: £22,734).
|3.|Charitable|activities|-income|Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||fund|fund|funds|Total|Total|
|||||£|£|£|£|£|
||Sponsorship|||-|-|400|400|1,554|
|||||=|-|400|400|1,554|
Income from charitable activities was £400 (2022: £1,554) of which £nil was unrestricted (2022: fnil), £nil was designated (2022: £nil) and £400 was restricted (2022: £1,554).
|4.|Other trading activities|Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||fund|fund|funds|Total|Total|
|||£|£|£|£|£|
||Bank interest|103|-|-|103|-|
||Otherincome|6,493|-|-|6,493|2,268|
|||6,596|~|-|6,596|2,268|
Income from other trading activities was £6,596 (2022: £2,268) of which £6,596 was unrestricted (2022: £2,268), £nil was designated (2022: £nil) and £nil was restricted (2022: £nil).
5. Charitable activities - expenditure
|||Staff|Direct|Support|2023|2022|
|---|---|---|---|---|---|---|
|||costs|costs|costs|Total|Total|
|Activity||£|£|£|£|£|
|Grant funding to Romania|(Note 6)|-|64,295|-|64,295|53,786|
|Family support|(Note 7)|-|4,052|-|4,052|3,394|
|Distress fund|(Note 8)|-|8,533|-|8,533|6,672|
|UKsupport costs|(Note 9)|4,775|7,766|-|12,541|12,166|
|||4,775|84,646|-|89,421|76,018|
|Ofwhich:|||||||
|Relating to general funds||4,500|78,013|-|$2,513|68,446|
|Relating to designated funds||-|-|-|-|-|
|Relatingtorestrictedfunds||295|6,633|-|6,908|T5712|
Page 9
## Centre of Hope
## Notes to the financial statements for the year ended 31 March 2023
|6.|Grant|funding to Romania||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|2023|2022|
||||fund|fund|funds|Total|Total|
||||£|£|£|£|£|
||Centre|operating costs|63,971|-|324|64,295|53,786|
||||63,971|-|324|64,295|53,786|
Expenditure from centre running costs was £64,295 (2022: £53,786) of which £63,971 was unrestricted (2022: £51,541), £nil was designated (2022: £nil) and £324 was restricted (2022: £2,245).
|7.|Family support||Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|
||||fund|fund|funds|Total|Total|
||||£|£|£|£|£|
||Sponsorship||-|-|4,052|4,052|3,394|
|||;|-|-|4,052|4,052|3,394|
Expenditure from family support costs was £4,052 (2022: £3,394) of which £nil was unrestricted (2022: £180), £nil was designated (2022: £nil) and £4,052 was restricted (2022: £3,214).
|8.|Distress fund|Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||fund|fund|funds|Total|Total|
|||£|£|+|£|£|
||Food|4,060|-|-|4,060|3,902|
||General|247|-|39]|638|224|
||Medical|165|-|687|852|117|
||Gas andwood|316|-|-|316|293|
||Education|2,667|-|.|2,667|2,136|
|||7,455|-|1,078|8,533|6,672|
Expenditure from distress fund costs was £8,533 (2022: £6,672) of which £7,455 was unrestricted (2022: £6,080), £nil was designated (2022: £nil) and £1,078 was restricted (2022: £592).
Page 10
## Centre of Hope a a i ee Notes to the financial statements for the year ended 31 March 2023
## ee ee
|9.|UKsupport costs|Unrestricted|Designated|Restricted|2023|2022|
|---|---|---|---|---|---|---|
|||fund|fund|funds|Total|Total|
|||3|£|£|£|£|
||Insurance|822|-|-|822|590|
||Travel costs|2,816|-|848|3,664|2,181|
||Ukraine Refugee Crisis|32|-|331|363|236|
||Staffcosts|4,500|-|275|4,775|4,800|
||Legal and professional fees|-|-|-|*|1,839|
||IndependentExamination fee|1,500|2|=|1,500|1,500|
||Bank charges|843|-|-|843|737|
||Sundry expenses|574|-|=|574|283|
|||11,087|-|1,454|12,541|12,166|
Expenditure from UK support costs was £12,541 (2022: £12,166) of which £11,087 was unrestricted (2022: £10,645), £nil was designated (2022: £nil) and £1,454 was restricted (2022: £1,521). The average number of employees during the year was 2 (2022:2). 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 (2022: £2,400) and £2,400 (2022: £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 (2022: 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 2023, there were 8 members (2022: 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 £64,295 (2022: £53,786) was made to this charity to assist in this work which includes running the Centre of Hope in Romania.
Page [1
## Centre of Hope
## a Notes to the financial statements for the year ended 31 March 2023
|13.|Tangible fixed assets|Computers||
|---|---|---|---|
|||and||
|||equipment|Total|
||Cost|£|£|
||At 1 April 2022|1,050|1,050|
||At31 March 2023|1,050|1,050|
||Depreciation|||
||At | April 2022|1,050|1,050|
||At31 March 2023|1,050|1,050|
||Net book value|||
||At31 March 2023|=|=|
||At31March2022|-|S|
## 14. Taxation No liability to UK Corporation Tax arises in the light of the company's charitable status.
|15.|Debtors: amounts falling duewithin oneyear|||2023|2022|
|---|---|---|---|---|---|
|||||£|£|
||GiftAid due|||5,135|7,660|
|||||5,135|7,660|
|16.|Creditors: amounts falling duewithin oneyear|||2023|2022|
|||||£|=|
||Accruals|||1,500|1,500|
||Other Creditors|||=|400|
|||||1,500|1,900|
|17.|Analysis ofNet Assets Among Funds|||||
||||||Total|
|||Unrestricted|Restricted|Designated|Funds|
|||Funds|Funds|Funds|2023|
|||£|£|£|£|
||Fixed Assets|-|-|-|-|
||CurrentAssets|39,345|25.135|-|64,480|
||Current Liabilities|(1,500)|-|-|(1,500)|
||As at31 March 2023|37,845|25,135|-|62,980|
||||||Total|
|||Unrestricted|Restricted|Designated|Funds|
|||Funds|Funds|Funds|2022|
|||£|£|£|2|
||Fixed Assets|-|-|-|-|
||Current Assets|43,057|23,965|-|67,022|
||Current Liabilities|(1,900)|-|.|(1,900)|
||Asat31March2022|41,157|23,965|-|65,122|
Page 12
## Centre of Hope Notes to the financial statements for the year ended 31 March 2023
|18.|Unrestricted funds|Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||01.04.2022|Income|Expenditure|Transfers|31.03.2023|
|||£|£|£|£|£|
||General fund|41,157|79,147|(82,419)|(40)|37,845|
||Designatedfund||||||
||Fixed assets fund|-|-|-|-|-|
||Total unrestricted funds|41,157|79,147|(82,419)|(40)|37,845|
|||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|
||Explanation offunds||||||
||The GeneralFund is used for the general purposes ofthe charity.||||||
||The Fixed assets fund
represents the net book value of the|||charity's property,|fittings and|equipment,|
||distinguishing theirvalue from unrestricted general funds immediately available for use.||||||
|19.|Restricted funds|Balance at||||Balance at|
|||01.04.2022|Income|Expenditure|Transfers|31.03.2023|
|||£|£|£|£|£|
||Family support fund|1,362|2,650|(4,052)|40|-|
||Operation build fund|973|.|.|.|973|
||Dentistry fund|837|-|-|-|837|
||Peter and Lesley support fund|1,086|375|(300)|-|1,161|
||Gas bottle andwood fund|2,125|-|-|-|2,125|
||Ukraine Crisis fund|17,582|2,526|(1,179)|-|18,929|
||Christmas fund|.|2,487|(1,377)|-|1,110|
||Total restricted funds|23,965|8,038|(6,908)|40|25,135|
|||Balance at||||Balance at|
|||01.04.2021|Income|Expenditure|Transfers|31.03.2022|
|||£|£|£|£|£|
||Family support fund|612|3,964|(3,214)|-|1,362|
||Operation build fund|2,612|-|(1,639)|-|973|
||Dentistry fund|837|-|-|-|837|
||Peter andLesley support fund|1,011|375|(300)|-|1,086|
||Gas bottle and wood fund|2,177|-|(52)|-|2,125|
||Ukraine CrisisFund|=|19,949|(2,367)|-|17,582|
||Totalrestrictedfunds|7,249|24,288|(7,572)|-|23,965|
## Explanation offunds
The Family supportfund represents funds raised for the support of specific individuals in Romania. The Operation build fund is used for the repair of individuals' homes in Dorohoi, Romania. The Dentistryfund is used to provide dental care in Romania.
The Peter and Lesley support fund 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.
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