Scottish Charity Nwnber.. SC043667 Charity Commission Number.. J100325 Company Nwnber.. 4891JOO (Englandand Fyal) Centre of Hope Report & Financial Statements For the year ended 31 March 2024 |+P Innes & Partners
Centre of Hope Contents Page R¢port of the Tnk8lees Report of thc Indepdl Examiner to thc Trustccs Ststement of Financial Activities Balance Sheet Notes to the Financial Statement8 8-13
Centre of Hope Report of the Trustees for the year ended 31 March 2024 Report of tbe Trustees Th¢ Tnjstces, who #rc also Directors for the purposes of CL)mpany Law, present thcir rcport and a¢¢ounts for the year ended 31 March 2024. The truste¢s have adopted the provisions of the Statement of Re¢omm¢nd¢d Practice (SORPI "Accounting and ReyKTrrting by Chariti¢s" (FRS 102) in preparing the annual report and financial statements of th¢ ¢harity. The financial statements have been prepared in a¢cordanc¢ with the accounting policies set out in notes lo the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Rcporting by Charitics.. Statcmcnt of Rccommend¢d Prnctice applie&blc to ¢hariti¢s prcparing their accounts accordance with thc Financial Rcporting Standard applicable ifL tILe UK and Republic of Ireland (FRSI 02) (effective l January 2019). Prln¢lpal Addrtsg Doonbra¢ 93 Clifton Rog4d Lossiemouth Moray5hire Reg15tered Oftlc¢ 7 Ilawthom Avcnue Swanston C&mbridge CB22 3TE IV316DP Status of Ch4rlty 8nd Governlng Docume1 The charity 15 a company limited by guarantee INO. 4891 IW) registered in England and Wales and wa5 incorporated on 8 September 2003. It is governed by the company's Memorandun) and Articles of As$oci8tion. The orgaDi5ation 15 registered with OSCR as a Scottish charity (No. SC043667) and with the Charity Commission (No. I l(K)325). A Separate cbarity called Asociatia Centre of Hope w&4 established in RomaniA in May 2002. The Principle and members of this charity havc a numb of Director5 in common with the Centr¢ of Hope - GLIA. None of the Trusiees ha5 any beneficial Interest in tbe company. All of the Tnl¢eS are members of the company and ¥uarant¢¢ to ¢ontribui¢ £1 in th¢ event of & winding up. ObJe¢dves and actlvltl Th¢ objectiv¢s of the Centre of Hope are to provide practical help, comfort and spiritual cncouragcmcni to the pcopl¢ of Romania. Thcsc objcctivcs arc achievcd througb thc running of a family support centre, th¢ Centre of Hope in Dorohoi. Romania. Wh¢ th¢ poor and n¢cdy arc abl¢ to ome for diverse a5518tancc as set out in the sxtion"A¢hiev¢m¢nts 8nd perfomiancc" below. Jm ord¢r to continue re50urcing the wotk of the Centre of Hope, an integral part of our activities is to raise awareness in th¢ UK of ihe cortditions of the poor &nd needy of Dorohoi. Publle benefit $tAtement The Trustees have paid due reg&rd ro guid&nc¢ issued by the Charity Commission on public benefil in deciding what activities the charity should undertake. Trusteey aDd OtTice Bearers The Trustees, who are also the Directors for the purpos¢ of company law. and who s¢rv¢d during the year were.. Graham Briscoe (Chair of Trns(ees) Peter Butcher Laura Frikqt Company Secretary.. Lesley Butcher Mcmbcr and signatory: Duncan Gilroy Anita Hillman Nichola5 Hillman Gillian Martin Page I
Centre of Ho Report of the Trustees for the year ended 31 March 2024 Trustees and Offlee Bearers {cont'd) Prospccts"vc n¢w Trustccs adviscd of thcir rcsponsibilitics as trustccs and arc ittvited to attcnd Board meeting cx officio. If th¢ Board of Trustccs and th¢ prospcctiv¢ trtee dre in aeement they arc appointed to the Board in accordance with the charitable company's Memorandum and Articl¢s of Association. A¢hievemen¢s and performance Our RoTnaniaTTr Team conlinuc thc activities of the Centre in Romani& by preparing hot meals as take - aways enabling people to come and collect at u time suitable to them. We Continue fo provide monthly food bags and hclp with bottlcs, wood for fir¢5, vilamins, and help towards costs of medieine etc. As in past years we were able to provide Chrisimas wfts for ¢hildr¢n and the elderly and our usual larger food bags in Decemb¢r. W¢ are very proud of our Team of four still ¢ontinuing to do this. The general SiatiOn in Dorohoi conttnues to be the same, mainly because of the continually rising cost of food and fjjel, which makes life mor¢ diffi¢ul( ¢sp¢cially in these difficult times and rising priccs s elsewhere in the world - there has been some considerdble ffAtra cost to the Centr¢ for proving mcals alld food b&g8. Some ncw familic5 havc comc to thc Centrc asking for hot mcplls and food ba8s and through the G¢nrrAI Fund wc havc bccn ablc lo lak¢ thcm into our progra¢. W continue lo help in areas of obvious need and di¥trcss. Thc number of families b¢in8 SUPPOrted regularly through specific donations ¢ontinu¢ thes¢ don&tions ar¢ odminister¢d by the Centre of Hope in Romania. We have a150 been able to coniinue our Education Project, helping particularly with t¢¢na8crs who liv¢ in the villages with transport costs to continue iheir education in th¢ school in Dorohoi. We also h¢lp some university sd¢nts and oth¢rs tr4ining 48 nurses, cookery courses or similar courses. It has been encouraging to from several people to how much the help that we have provided has been beneficidl (o their livcs. We continue ¢0 assess everyone who applies for help and for how long and we continue to work closely with the local So¢ial Services. Centre of Hope is recogllised as b¢ing patt of the so¢ial work of the town although retainin8 its ¢harity statys and is not SUprted by any fvnding through the Romanian Govemment or any other charitsble body in Romania. As the situation in Ukraine continues to we remain open to receiving any refijgees. We are al80 exploring other ways in which we can support the Ukrllinians through our Ukrninian fijnd made & dorjation to a charity that work in the Sumy of Ukrainc. Thc support for the refugeos has noc impinged on our work with the Romanians and hopefully will only be for a temporary period. The suppor¢ for (he Charity continues and supporters continue to be updated of the activities at the Centre through e-mail and regular iiewsletters. Thi5 year, due to liealtli issues of several of the tru5t¢es we have not be¢n able to give as many update5 through talks and presentatioiis but are hoping to re- establish thcsc during the coming year. Peter and Lesley Butcher reside in Scotland and Centrc of Hope- GLJA is r¢gister¢d as a Charity in Scotland as well as Engllnd and Wales. Fufvre pl*n$ We Lontinu¢ to look ut ways in which the Charity can develop and increase its activities ai rhe C¢ntre in order io help "break ihe ¢y¢le" of p)v¢rty that 50 many famili¢5 are in, bu¢ always being aware of the aims and key objeetiVG5 of th¢ Charity. Page 2
Centre of Ho Report of the Trustees for the year ended 31 March 2024 Financlal Revlew Principalsomrces offu•dlhR Th¢ principa] funding of the charity ¢on¢inu¢s to be through individuals. trusts and ¢hur¢h¢s which have supported th¢ key obje¢tive5 of the charity As shown in this report and aCCots. After being notified by "St¢w&rdship" tiiat thcy would be c105in8 the account that wc hcld with them in June 2022, it was decided by the Ttee& fo trgnsfer the funds to Kingdom Bank. This n()W naS that we need to withdraw sterltng cash in th¢ UK and take il to Romtinia to U8e for sood$ and services that cannot Ix put through th¢ A%. C¢n¢rc of Hopc account. All monies that docs not go through the As. Centre of Hope is used to help those in need And is recorded. Resmltsfor iheyeap The attached accounts fully detail th¢ financial p051tion of the charity and the Trustees continue to th8nk the Lord and all those who have supported the work of the Centre during the year under Teview. The Statem¢nt of Financial Activitie5 on paBe 6 r¢fl¢¢ts nel outgoing resources of £34,507 (2023.. net outcoming resources of £2,142). Reserves It continues lo be the policy of the ¢harity that unrestticted funds which have not been designated for a spKifi¢ use should be maintatned at a level equivalen¢ lo between three and six months cxpenditure. The TStee$ consider that ieserves at this level will ensure that in the event of a significant drop in support, they will be able lo continuc the majority of the chariry's euffent activities whil¢ consideration 18 given to ways in which additional funds may be rdi5ed. The General Fund (page 6) at 31 March 2024 arnounlcd lo £5,815 {2023, £37,845) which is below target but they arc working to improve this position. Total reserves, including the net book value of fed &ssets ond balall¢es on restricted fid8 amounted to £28.473 (2023.. £62,980). Statement on Rlsk The Trustees hav¢ assessed the major risk8 to which the charity is exposed and are satisfi¢d that systems &re in pla¢¢ io mitigate exposure to the major risks. Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill We8( Mallillg Ken( ME19 4JQ Banca Transilvania Str Dumitnt Furtuna Dorohoi Cod 715200 Romania Kingdom Bank L¢d Medta Hous¢ Padge Road Bttston Nottingharn NG9 2RS Pag¢ 3
Centre of Ho Reporl of the Trustees for the year ended 31 March 2024 Trustees responslbljldes The Tnte¢S (who are also Directors of the ch8xity, for the purposes of company law) are responsible for preparing the Trustees. Annual Report and thc financial stat¢m¢nts in accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice). Company law requires the TrustC¢5 to prepare financial stalernents for each financial y¢ar, which give a true and fair View of the state of affairs of the chgritsbl¢ company and of the incoming resour¢¢s and application of r¢sour¢¢s, including thc incomc and cxpenditure, of the charlble company for that period. In preparing thesc financial statements. the TnLStees are required to: select suitable accounting poli¢i¢s and then apply tkem ¢onsiStently> observe the tnethods and principles in tb¢ Charities SORP. make judg¢ments and estimates that are reasonable and prudent: State whether applicable UK Accounting Standards have been followe subject to any m&terial departures disclosed and explatned in the financial statements- prepare the financial statements on the going ¢on¢¢m basi5 unless it 15 inappropriate to pr¢sume that ihe charitablc company will continue in operation. The Trn5tccs are responsible for kecping adequate a¢countin8 r¢¢ords that disclos¢ 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 SafegrdIng ihe asse¢8 of the charitabl¢ company and hence lor taking reasonable steps lor the prevention and detection of fraud and oiher irregularities. Approved by the Tnl¢eS OD .4.VK.2024 and signed on their behalf by: Peter Butcher Trustee Pa¥¢ 4
Centre of Hope Independent Examiner's report to the Trustees for the year ended 31 March 2024 I report on the accounts of the company for the year ended 31 March 2024, which are 8el out on pages 6 to 13. Respectlve responsibilities of trnstees and examiner lThe tSteeS {who are also the directors of the company for the putposes of company law) are rcsponsiblc tor the preparation of the accounts. The irustees consider that an audit is not rcquircd for this ycar under sectton 144(2) of ihe Chariiies A¢t 2011 (the 2011 Act) or under Regulation 10 (I l{a) to (c) of The Charities Accounts (Scotland) Regulations 2006 {as amended) {the 2006 Accounts Regulations) dnd that an ind¢pendent examination is nceded. The charity is required by company law to prepare a¢crued acoounts and T am qualificd to undcrtakc thc cxamination by b¢ing a qualified mcmber of The Association of Chartered Certified Accountants. Having satisfied myself that the charity is not subject to audit under company law and is ¢ligible for independent examinarion, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act and section 44(1)(c) of ihe Charities and Tru5t¢e Inveslrnent {Scotl8nd) Act 2005 (the 2005 Aet). to follow the procethires laid down in the general Directions given by the Charity Commission under s¢clion 14515Mbl oftbe 2011 Act. and to State whether particular matters h&ve come to my attention. B4J15 of IDdependent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commi&sion and is in aordanCe with Regulation I l of the Charitics Accounts {Scotland) Regulations 2006 las amended). An examination includes a review of the accounting records kept by ihe charity and & ¢omparison of the accounts presented with those records. It also includes consideration of any unusual itcms or di.%¢lo.%ur¢s in Ihc accounts, and seekillg explanation8 from you &5 trustees conccrning any such matters. The procedures undertaken do not provide all thc cvidence that would be required in an audit alld consequently no opinion is given as to whether the accounts present a 'ttue and fair view. and the report is limited to those matters set out in the s(aten]ent below. Independent examlner'i statement In connection with my examination. no matter has come to my attention.. which 8iv¢s mc r¢asonabl¢ cY4usc to bclicvc that in any matcrial re5PCCt thc rcquircmcnts.. to k¢¢p accounting records in accordance witb section 386 of the Companies Act 2006 and section 44(1)(a) ufthc 2005 Act., and to prepare a¢¢ounts whicb accord with the accounting records, comply with the accountin8 requirements of the Companies Act 2006, section Hll)(b) of the 2005 Act and Re8ul8tion 8 of the 2006 Accounts Regulations; and which are consistent with th¢ m¢thods and prirt¢ipl¢s of the S¢at¢m¢nt of Re¢omm¢nded Prn¢tice.' Accounting and Reporting by Chatiti¢s hav¢ not been met. or 2. 10 which, in my opinion, attention should be drawn in order io enable a proper understanding of the accounts to be reached. on4thxn N Innes FCCA Mallang Director Innes & PArtners Limitcd Chartcred Certified Accountant5 9 Ardross Street Invcrncss tv3 5NN Date.. .2024 |+P Innes & Partners Page 5 CNgrtwed Cwtifled Accountants
Centre of Hope S¢8tement of Financial Actlvltie8 (Incorporating Income and Expendlture Aecount) For iheyear ended 31 Morch 2024 GeDeral DesignAted Restricted fund fund nds 2024 Total 2023 Total Note$ Income Donaiions and legaci¢s Charttdble dctivilies Other trading acliyites Totl Income 54,448 4.281 360 50 58,729 360 718 80.189 400 6,596 668 55,116 4,691 59,807 87.18S EipeDdltvre Choriiablc activities 85,906 8,887 94,793 89,421 Totll ¢endItUre 85.906 94,793 89,421 Net Income before trinsfen (30,790) (4,196) 134,986) {2,236) TratLsfers 18,19 Net mDvement In fvnds after trnsferJ (1,719) 1,719 {32,509) (2,477) (34,986) (2,236) GIlD(losIeI) Dn forelgn ¢urYen¢y exetsanRe 479 479 94 (32.0301 (2,477) (34,507) (2,142) Total brought forward 37,845 25,135 62,980 6S,122 TotAI funds Carrled forward 1619 5,815 22,058 2&473 61980 Representcd by: Unrestrieted fund Generolfvnd Deslgnated Fundi Designaled asselsfynd Restrlcted Fund8 Family supportfynd Operatton buildfilnd Denttstyfund Peler undLesley siipporifund Gas bu¢ile aiid woodfynd Ukraine Crisisfund Ckrislmas Fund 18 5.815 5,815 37.845 18 19 973 837 1.161 2.125 18,929 837 291 2.325 18,872 333 837 291 2.325 18,8n 333 Total Fund 5,815 22,658 28,473 62.980 The noies on pe8 8 to 13 forn) port of these financial 5totements. Page 6
Centre of Hope Balance sheet As ai JJ March 2024 IRe¢lsi¢red Co No-. 4191100) Uftreslrleted Deslgnated RutrScted fund rlld5 2024 Tot*] 2023 Total Notsj Fixed Aiset Tangible assets Tot•] ffted Assets 13 Current Issets Debtors C#5h at bank and in hand Is 3,440 4,350 7,79 3,440 27,008 30.448 5,135 59,345 64.480 22,658 21658 TDtxl current xjsets LIAbllitles Creditor5'. falling within one year Net current asseli 16 11,975) (1,975) 28,473 (1.500) 62.980 5,815 12,658 Total lem ellrrettl Il#bllltlex S.815 22,6S8 28.473 62,980 TotAI net alti 5.815 22,658 28.473 62,980 The NdS of the Ch•rlty Unre8tricted fid 18 5,815 5,815 37,845 Designaied fiujd Restricted fvnds 18 19 22,658 22,658 22,658 28,473 25,135 62.980 Total ¢h4rlty fund• 5,815 For the year ending 31 M8rch 2024. the comp4ny was enutled to exemption from audit un(kr srction 477 of the Companies Act 2(KJ6 relatin¥ to Small Companies. Dlrettori, responJlblJJtlei The m¢mb¢rs h&v¢ not required the compAny to obt&itt Att audit of its ae¢ounts for the yewr in question in aceordance with section 476 of the Comparucs Act 2006. The direcr8 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting Tecords and prcparation ofthe accounrs. The financi41 $ta¢¢m¢nts were approved by Ihe Board on .k&.....1o24 and signed on their beha]f by: Pet¢r Butcher Thc notes on pages 8 to 13 forni PArt of these finanGial statements. Page 7
Centre of Ho Notes to the financial statements for the year ended 31 March 2024 A£cDunting policies Ba.fis ofprep&ra¢io Centr¢ of Hope is a company limited by guarantee registered in Englattd and Wales. In tbe event of the charity bcing wound up. the liability in respcct of the guarantee is Ixmited to £1 per membcr of the charity. The addrc5s of thc registered office is given in the charity infomiation on pagc l of these ftnancial slatements. The financial statements have been prepared in accordance with the Charities Act 2011 AccountTng and R¢porting by Charitics.. Statcmcnt of R¢¢ommcrtded Practi¢c appli¢4ble io ch&rities prcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland {FRS 102) issued in 2019, the Charities and Trustee Investment {Scotland) Act 2005, the Compantes Act 2006 and thc Charities Accounts (Scotland) Regulation5 2006 (as
mendd).
Th¢ charity n8tICUteS a public benefit entity as defined by FRS 102. Jncom* dtsd Debtors All voluntary income and bank int¢$t 18 accounted for when received apart from incomc tax recoveries Gift Aid which are accounird for on an acwais basis. Dcbtyrs arc v8lu¢d at C05t at the year end 8tLd 4djuskd for lly amL)unts considered to be unrecoverable. Erpeftdltsre and Creditor Expenditure is recognised i)n an accrnals blS when a liability is incurred. Expenditure includes any VAT which cannot b¢ fijlly r¢¢ov¢r¢d and is reported as part of the expenditure Lo which it relates. Charitable expenditure cumprises those costs inCued by the charity in the delivery of its activities artd s¢rYice5 for its benefi¢iaries. It includes both costs that can be allocated directly to such aclivities and thosc costs of an indirect natur¢ n¢ccssary lo support th¢m. Creditors are valued at cost at th¢ year end ond split between amounts due in less than one year and amounts due in more than one year. FiYedas$ets Tangible fixed a$sels, other than land, are stated al cost less depreciaiion. Depreciation is provided al Lbc following annual rates in order to write off ¢ach asset over its estimated useful life.. Computers and ¢quipm¢nt 25D/o Straight line Foreign currency Trdnsactions in foreign curencies ar¢ brougbt into ar¢ounl at the rate prevailing at the dale of ¢he tr&nsaction. Balance5 in hand at ihe year-end are cot)verled to sterling #L the rate of exch#nBe prevailing at the balance 8he¢t da(¢. Any difference5 arising from the LL%e of varying exchunge rates arc written off al the year-¢nd as a gait) or loss on foreign exchange transactions. Ste¢t ofFinunclalAcdvldes For the putpose of th¢ Sraienient of Financial Activities as shown r)n page 6, fiJn(ts are defined as follows.. Unre$trieted funds comprise grants and oth¢r income received for the objects of th¢ charity without furthcr specified purpose and are availabl¢ as g¢n¢rdl funds. Designated funds represent unrestricted funds which have been ¢amiark¢d by the Trustees, for particular purposes. Restrl¢t¢d funds comprise in¢om¢ whi¢h has bc¢n reC¢1v for the objects of the ch]ry and 5pecifi¢d for a restricted purpose within these obj¢¢rs by the donor. Page 8
Centre of Hope Notes to the financial statements for the year ended 31 March 2024 2. Dottatlons #nd le¥ack8 Unrestrlcted De$lgngt¢d R¢$trltttd fund fund fpndJ 2024 Total 2023 Total DoDations Donations- Edu¢ation Gift Aid donations Gift Aid Donations- Educfttion Gift Aid reclaimablc 22222 1,304 24,310 1.440 5.172 54,448 1.656 23.878 1,304 26.410 IA40 &697 5&729 51,225 ,327 20,694 ,500 5.443 80,189 525 4281 tncome from dona¢ions atjd leg&cie5 was £58.729 (2023.. £80,189) of which £54.448 w&5 unrestricted (2023.. £72.551X £nil was designated {2023.. £nill and £4.281 was rutrirt¢d12023.' £7,638). 3. Ch&rltgblt Aetlvltlei- Income Unrestrlcted De8ted Rutrlcted nd fund funds 21124 Total 2023 Totll Sp)nsor5hip 360 360 3611 3611 400 Income from charitable aaiviiie8 was £36012023.. £4001 of which £nil was unr¢stii¢ted12023.. £nil). £nil was designa*d (2023.. £nil) and £360 wa$ r¢stri¢tcd (2023.. £4001. 4. Other trndln¥ Actlvltley Unrejtrlcted Dulgnated Restrlcted rund fund funds 2024 TOL41 2023 Total Bank interest Othcr incom¢ 307 361 307 411 103 6,493 6,596 50 668 50 718 Income from other ¢rndin8 activities wa5 £718 (2023: £6,596) of which £668 was unre5tri¢ted (2023: £6,596). £nil was designAtrd (2023". £nill aDd £50 WI restrict¢d12023." £nill. S. ChArlt#ble #¢tlvltlu. expendlture Staff Dlr¢tt COStJ Support costs 2024 Tot¥1 2023 To¢•1 costs Grant funding to Romania Family support Distress fut UK supporl Costs (Noté 6) (NOIÉ 7) (Nole il) (NoEé s)) 67.731 4.095 7.713 10.454 89,993 67.731 64,295 4,052 8,533 12,541 89.421 7,713 15.254 94,793 4,800 4,8(10 Of whlch: Relaiing to 8enerAI fi]nds Relaiit]g to designated funds Relaiing to testrieted fimds 3,555 82,351 85,906 82.513 l.245 7.642 8087 6,908 Page 9
Centre of Hope Notes to the financial statements for the year ended 31 March 2024 GrADt funding to Romania Unreitricted fund Designated fund Restricted funds 2024 Total 21123 Total Centre operating cost8 65,498 2,233 67,731 64.295 64,295 65,498 2,233 67.731 Expcnditure from ccntre running costs was £67,731 12023.. £64,295) of which £65,498 v8 unrestrictcd (2023: £63.971). £tiil w48 deSIated (2023.. £nil) Lnd £2,233 was restricted (2023.- £324). Famlty support Unr¢4trl¢t¢d Deslin#ted fund fund Regtrleted funds 2024 Total 2023 Totsl Spottsorship 4,095 4,095 4,052 4.095 4,095 4.052 Expendilure from family support ¢osts was £4.095 (2023.. £4,052) of which £nil was unrestricted (2023.. £nil). £nil was desi8nated12023.. £nil) and £4,09S wa$ r¢&tric¢cd12023.. £4,052). D15treBs fund Unreitrlcted fund De$linated Restrl¢ted fund funds 2024 Total 2023 Tot41 Food General M¢di¢al Gas and wood Education 3,753 157 27 273 3.157 7,367 346 4,099 157 27 273 3,157 7,713 4.060 638 852 316 2,667 8J33 346 ExpendJ'tur¢ from distress fund costs was £7.713 (2023,. £8,533) of whi¢h £7.367 was unrestricfrd (2023: £7.455). £nil w08 deSiat¢d (2023: £nil) and £346 was restricted (2023.. £1,078). Page 10
Centre of Hope Notes lo the financlal ststements for the year ended 31 Mareh 2024 9. UK supportto•ts Unrestritted fund Dulgnaitd fund Reltrlcttd 2024 Totsl 2023 Total 11uranCe Travel cost5 Ukraitt¢ Refvgec Crisis St&tl ¢05ts Ind¢pendcnt Examination fee Bznk char8C5 Swidry expenses 418 1,465 5,004 3,555 1,575 836 188 418 2,376 5,061 {800 1,575 836 822 3,664 363 4,775 1,500 843 574 57 1,245 13,fr41 2.213 15,254 12,541 ExnditUre from UK support ¢o$ts wa5 £14.92912023.. £12.5411 of which £13,076 was unrcstricted12023.. £11.087), £nil was designated {2n23.. £nill and £1,853 was restri¢led12023.. £1,454). The average number of cmployees during the ytsr was 2 {2023..2). Th¢r¢ are no ¢mployees receiving more than £60,IMM). 10. Dlrecton. rernuner•tlon gud expen$ei Peter Butrher, a Trustee & employcc. his fe Lesley Butch¢r, an ¢mploy¢4 both re¢eiv¢d salari¢s in connection wit their work in Romania on behalf of the charity amounling to £2.400 (2023.. £2.400) and £2,400 12023.. £2,400) respcctivcly. These payments are pemiitted by thc company's Memorandwn HtNi Articlcs of A&sociation. Whi151 itt Romania, Pei¢r and Lesley Butcher also ¢lY¢ a¢¢ommodaiion in th¢ Centre which is provided by th¢ Grity. for th¢ bcttcr pcrfomiance of thcir duties vA)ilst managing th¢ Ccntre. None of the othtt Tr(eeS lor any persons connected with them) received any remuneration ot were reimbursed any ¢xpens¢5 during the year12023.' nil). 11. Llablllty of Membe Tb¢ rvmppJJy is lirnitcd by 8uaraDL¢e and DO Sh¢ C11. None of the Tntr¢s has any beneficial itiierest in the cotnpany. The liabilftty of member in the event of winding-up is limited to £1. At 31 Mar¢h 2024. there w¢r¢ 8 m¢mbers12023'. 81. IL Related pArty trsniattloni Prfer BulchEr, Trustcc & employee and L¢sley Butcher, employee, of the charity att board members of the Asociati& Centre of Hope, a charity in Romania artd Nichola5 Hillrnaw Gillian MartiD and Graham BriBeoe are members of the Aswiatia. The Romanian ch2rity ha5 similar objectives to the UK charity artd the two ¢baritkes work together to achieve thes¥ objcctivcs. A grant of £66,812 {2023: £64.2951 wa5 tnade to this charity to as5i5t in this work wbich includes running thc Centre of Hope in RomgAta. Page 11
Centre of Hope Note5 to the financial statements for the year ended 31 March 2024 13. Tangible ffted wetj Computers and equipment Total Cost At l April 2023 At 31 Marth 2024 1,050 1,050 1,0511 1,050 Dcpreelqtlo At l April 2023 At 31 MArch 2024 1,050 .050 1,050 I,oso N¢t bf•ok value At 31 March 2024 At 31 March 2023 14. Tax4do No liobility to UK Cotpor&tion ariscs in the light of the COMpanS charitable status. 15. Debtors: mounts falllni due Jvlthln one year 21124 2023 Gift Aid due 3,4411 5.135 3,440 5.135 16. Credlton: Amoullts flllng due wllhln one ytAr 2024 2023 ATual$ Other Creditors 1,575 400 1,975 1,5 17. AnAly¥ls of Nct Aisets Among FDdI Toial Funds 2024 Unre$tri¢ted Funds Regtrlrted Deglgn&ted Funds Fundb Fixed Assets Current Assets Current Liabilities A¥ 4t 31 M4rch 2024 7,790 (1.975) 5,815 22.658 30,448 1,975 28,473 22,658 Total FuDd5 2023 Unrestri¢ted Funds Restrlcted Deslgn*ted Funds Funds Fixed Assets Current AsseL% Current Liabilities As at 31 Mar£h 2023 39,345 {1,500) 25,135 64,480 (1.500) 62.980 25,135 Pag¢ 12
Centre of Hope Notes to the flnaneial statements for the year ended 31 March 2024 18. Unre$¢rleted funds Balance #t 01.04.2023 Income Expefydlture Transfers 31.03.2024 Gener41 fimd DE$ignaledfMd Fixed assets fund 37.845 55.116 (85.427) 11,719) SJ15 Total UnTestricted fid5 37,845 55.116 185,427) 5115 B•l&n¢e •¢ 01.04.2022 B•laDce at Tr#nifers 31.03.2023 In¢ome Expendltur¢ General fund 41,157 79,147 182,419) (401 37.845 Fi%cd asscls fid Total unresiri¢l¢d fimds 41.157 79,147 {82.419) 1401 37.845 The Gener471FuAd is used for the g¢twal purpose$ of th¢ churity. Thc Fi¥ed tets ]iiffd Tcpresents ihe net bL)uk value of the charity's PTW)erty, filtinys and equiprnent. distLnguLshing their vut from uttrestricled 8eneral funds inunediately available for usc. 19. Reitrlcted Bsl8nce Jht QI.04.2023 Bxln¢e at TrAnJfero 31.03.2024 Incorne Expendl¢ure Ftirnily 5UPPOrt fijnd Oper81ion build fijrtd Dentisty fund Per 8nd Lesley support fimd Ga5 bottlc and wood fimd Ukrain¢ Cri515 fund Christrn fund TotAI r¢sth¢ied fimds 2,610 14,095) 11207) 1.485 234 973 837 837 291 2J25 18,872 333 22,658 375 21M) (1245) 2,125 18,929 (57) 12,283) 8.887 1,506 25,135 1,719 B4lance at 111.04.2022 Blan¢e at Trgn$fers 31.113.2023 Ineome ExpendStsr¢ Family BUPPOrt fvnd Operation build fimd Dentisty fimd Pctcr and Lc51ey suppor¢ fiu)d Gas bottle and wood fund Ukrain¢ Crisis Fund Christrnas fi]nd Total restri¢d fijnds 1,362 973 837 1,086 2.125 L7,582 2,650 14.0521 973 837 1.161 2.125 18.929 1.] io 25,135 375 1300) 2,526 2,487 8.038 (1.179} 11,377} 16,9081 23,965 40 Expl4n41ron gffvnds The Familysupporlfynd represents fijnds raised for th¢ support of specific individual$ in Romania. Thc Operotion buildlund is USEd for the Tcpalr of individuals, homes in Dorohoi. Romattia. Thc Denfistyfund i5 Used to provide dcntal care in Romaniyd. The Peter Llty S¥PPOTtfynd representb Contributions towardt> the living costs of Peter and LLsley Butcher. whilst widcrtsking their chsritsble work in Romania. Th¢ Gab. bg¢ile und woodInd is uscd to assist itLdividw15 who require a&sistanc¢ with heatin8 C05rs. The Ilkniiie Cp'tsisfuftd rcprEs¢nts fimds rcc¢tv¢d for work with ukraini regees. Page 13