CHARITY REGISTRATION NUMBER 1102542 COMPANY REGISTRATION NUMBER 4489582 HOPE COMMUNITY FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Hackeryoung Chartered Accountants
HOPE COMMUNITY FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees C Davies A E Ibbolson E Miiiliiah L E Willis J Brainliall B P Kuiiaka Secrelary J Braiiiliall Charlty number 1102542 Compfiny number 4489582 Registered office Thc HL)pc CL'iitrc 13Lfiicird Ro4id Sli¥ IIILld SoLiilI York4liirc S? 5BQ Auditor UHY HcickLr Yoiiiig () Broadficld Court Bro¢idliLld W&ly SIILftILld S8 1)X Bankers Biirclc1y4 t3aiik plc P.(). E3ox 13 85 2 ArL1141 C ourl ShL'niL'ld S9 2WV Solicitors Cicldcird Numbcr Oiic Pride Placc Pride Park Derby DE24 8QR
HOPE COMMUNITY FOUNDATION CONTENTS Page Trustces, report Si¢?tcincnt of trustcc%' rcspoiisibililic Iiidcpciidciit aiiditor'% rcport 10- 13 SidlcTI)ciil of. fiiiill)Cl(Il activilic 14 Bal¢lllCC sliccl 15 Notes lo thc financial stalcinciits 16-29
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Thc trustccs prcscnt their rcport and accouiits for the year endcd 31 March 2024. The finaiicial stalcmcnls have beeli prepared iii <iccord£lllCL Witl) Ilic accounting policies set out iii note I lo thc finaiicial %latcinLiit% aiid coiiiply willi Ihe cliarity'4 Mcinoraiiduim dnd Articlcs of Associatioii, tlic Coinpaiiics Aci 2006 and 'Accountiiig and Rcportiiig by Cliarilics: Stalcmcnl of Recomineiidcd Practicc applic<qblc lo cliciritics pfLp¢1ring Ilicir 6lCCOllllts iii accordaiice willi Ihc FiiiciIicial Rcporting S11¢ iidrfqrd applicablc in tlie UK aild Rcpublic of Ircland (FRS I O?) (cf7cclivc l Jiiniiary 2019) Objectlves and activities TIIL cliarily'4 objcLts 'irL; Tkic c2dv<illcciiiLlIt of cduccltioii of cliildrLii uiidL'r %latutory school clbyc by provision of d iiiir.%cry scliool Rclicl. of. POVLriy <iiid .%ickiiLs To proviclL f4iCi lilics for rccrc¢ilion or otliLr IcisurL tiinc OCCilPc1tioii with tlic objccl of improviiigi Ilic c()iidilioii% of li fL Oil)Lr sucli cliarilablc purpo%c% a% IIIL trLi%lccs tliiiik lil ThL Iriistccs liavc paid duc rcgy2¢ rd to guidancc is%iiLd by tli¥ Charity Coiiiiiii%sioii iii dccidiiigi wliat activilics tlie cliLirily slioiild undcrl¢)kc, Iii rccciit yCcir.%. Ilic work of Ilic cliarity li114 LOlItillLILd Ic) divcrsify coii%idLf¢)bly, with its Ofslcd rLgi%tcrLd Cliildcarc rciiiaiiiing tl)c liirbycs14iiigil¥ scrvicc bLilibP ol'li'rLd iii liiiaiicial leriii4. Achievemenls and performunce Tl)c Hopc CciitrL lias bceii ali &l.4%Ct ol" coiiiiiiiiiiily valuL lor Ill<llly yL41rs aiid liousc4 IIIL ivork of Hopc Coiiiiiiiiiiily Foui)d£ili()ii. Tli¢ HopL CL'iilrL 14 IVLII Ioc4ilLd tc) sLrvL Ilic iiccds of IOCLII COllllllllTlItIL%. spccificiilly biit iiol cxclii%ivLly tli()SL localLd iii IIIL S? 4111d 89 poslLodL% of IliL cily, botli of wliiLlI liilVL Il liib)5ILr-Ih¢lll-avcfilgC f6ltc ol. di%<idvcll)14igJL coiiii)'IrLd iviili iiiaiiy oiliLr coiniiiuiiilic% iii Sllcl'l iLld ¢iiid ¢ir aiiioiig%t tlic l OU/D 111051 di%advaiilclbYLd iii Eiigilaii(I diicl W¢ilc%, Tliiy rLprc%cnt niaiiy of tlic hardcst Iiil. boili iii tcnii4 of multiplc aspccli of dcprivalioii aiid tlic rccLnt co%t-of-liviiig crisis. Through rccLiil Inontlis tlic charily lia% coiitiiiiicd to invc%l iii bLiilding posilivc workiiig rcldlionships with P&irtiicr4 iii tlic arc¥1 wliosc goals alid ctlios dfL aligiiicd lo Iliosc ot" Ilic Lliarity. Tlicsc incliidc fciiili aiid lion- r(Iiih pariiicrs commiltcd to workiiig logctlicr for social cliangc. Thc charity works willi both %tatulory and noii-slatutory partncrs (2nd hi4 coiiliiiucd to bri1)&7 4OCil< I valiic to thc local coiiimunity by Icvcr¢lging the prcsciice of Ihc Hopc Ccnlrc to crealL a hub for thc comniuiiity. Hopc Coiiiinunity Foundation could not opcratc witlioul tlie gciicrosity aiid support of it5 volunteers, The charity rctains around 90 regular voluiiteers who support our work wcck iii week out and Trustccs are immcnsely gralcful for tlicir hard ivork and dcdicalion. Our General Community Projects Thc scopc of our community projects has rcmained relativcly static over the past year with our aim bcing to ontinue to grow cUent Strength rather ihaii overcomniil to iieiver projccls. The focus on bringii)g botli 5treRigili and substance to projccts supportcd by somc cxternal and intcrnal fundraising has cnabled the charily lo continue to operalc whilst streiigthciiing its community of service uscrs and tlie projects theniselvcs.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 There has been a nccd to biiild inlernal maiiagcment capacily in ordcr for lis to take the next step in growing our overall impact. Thc charity wa% ciblc lo gain temporary support from C3 Trust UK in ordcr to cxtciid Ihc rolc of ihc Voluiitccr Coordinator, which had becn funded for Ihrcc ycars through Ilic Hcnry Sniith Chdrity. As continualion fuiidiiig ivas nol forthconiing or availablc this rolc bccanic rcdiindant in Novcinbcr 2024. Given ihc 4tralcgic priority to movc towards a loiigcr Icnn aiid financially sustainablc Inodcl. IhL charily was ablc lo g(lill tLiiipor61ry fiiiidiiig for a t.ull iiiiic Dcvclopiiiciit Maiiagcr. Tlic Devclopincnl Man6igcr will focu% oli slratcgjic rcvicw. I Ill&illLidl 411$14iiiiabilily, opcratioiial viability aiid from tlicrc birowiiib) tlic strciigtli ol. Ilic Lliarily ¢iiid ils %iibsidi1ry Hopc C cnlrL LimilLd. NevcrtliLIcss. NviilI Ihc V¢iliicd ,4upport aTid L'ngclgYL'llILlIt of .%tiifT <iiid voliinlLcrs wc liave bceii 41blc lo build tl)c ilrcngth of iiiucli of oiir cxi%liiig provisioii IVCII Li% %cck to work willi P6irliiLr4 Io ¢idd fiiriliLr siipport optioii% to oiir port folio ol. sL'rviccs to eiiablL u% lo iiol oiily iiicel prL'4ci)liiigi iiccd%, bul to Lii%urL WL. %eLk to (Iddrc44 Ihc niuliiplL ilccds of oiir bciicEiciariL'.% (iiid crLatL tlic opliiiiLliii 4ocial Vl& Iiic across all of our scrvicc%. Key Projects and Outputs Foundation Community Grocery Iii April 2021 Ilic 14 oiiiid&2tioii Coiiiiiiiiiiily Groccry l(iiinchcd, workiiig willi Tlic Mcs4cig)e Trust, a partiicr cli6irily. At Ilic IhrLILLycic r rfiiiiiivcrsary iii April 2024, wc reported Ilial Ihe groccry l16id 20L)5 InLiiibcr.4, of ivliicli 1400 wcrL &lCtivL. l)50/u of bLIiLfi¢il1 fiL% ivcrc iii our iiiiincdicltc disadvaiitcigcd coiiiiiiiiiiiliL.% of s2 ¢iiid SL) postLodLS. Aliiiost 7800 iiidividLial slioppiii&y visits liavL bccii coiiiplclLd iii tlic prLvious ycar aloiic. willi 4111ii0%1 20,000 sliop% cotiiplLled 4illCL' tlIL projccl 4tarlLd, providiiig ai) c5tiii)alcd 400,000 iiicals ovcr Iliis liiiic lo Ioc&il f&iiiiilic.%* 1£ s WCII 172 toiiiic% of t.ood bcing rL4cucd froin lic iidlill siiicc 2021. Iii rccciit Inontli% it lia% bccii agrccd witli Tlic Mcssagc Trusl ili¢?t Hopc Coiiiiiiiiiiily Fouiidiltioii will tcikc oli IIiL riiiiiiiiigi of Ility girocLry iii a Sociic I fri111cliisc iiiodcl froiii l Jaiiuary 202.$, ,111115111I rLcciviiig kcy siippurl Iroii) tlIL ILcllll .11 TIIL MLSScigyc Trii4t. Tliis bcLli fiilly Liiibr'iccd by tliL IL¢)111 ¢iiid Iru%lcLS Lirc liopLI ul Ili&il Ili1% will Llliiblc tlic gruLLry to rLilLlI iiiorL aiid Iiiorc PLopIL iii IIIC arc&1 iii iicLd of Ilic %iipport IliL gbroccry oflcr.s. Iii IIIL Iicxt 2 yLl& r4 tlIL cli&qrity aiiii.% lo grow tlic groccry nicinbcr.%liip lo 3.250 iiiciiibcr%, splci fically targyLliiig? tliosc disadvaiitagicd coinniuiiitic4 closc to tlic Hopc Cciitrc wlicrc dcprivatioii ]% dinoiig%t tlic lop l O % ITI Ilic UK. Currcnt iiiciiibcr5hip 4lEiiids iii cxccs% of 2 300 pcoplc. Jigsaw Project - Our Jigsaw café (lor ovcr 55s) is tlirivii)g wilh Iwo bc%sions bling vcry popular and wcll altcndcd wilh ovcr 800 allcndancc% ovcr thc Pd%1 ycar. Througli succcs%fully obiaiiiing cxlcrnal funding for tlic projcct, wc havc bccii ablc to luiid various ciclivilics includiiig 41 Christiiia5 mcal ai)d day trip5. Thc groiip has growii iiilo a slroiig coinmuiiity ivliLrc iiiLinbcrs fccl a Strong sciisc of bcloiigiiig and support. TIIL impact oli Ihosc atlLiidiiig 15 cvidLnl in tliL powLrful sciisc or raiiiily amoiig5t group Inciiibcrs, particularly iii Ilic li¥lit of pcrsoiial 1044 <iiid illnc%s. Oak & Olive Coffee ilt tlic heart of our LomniuiiLII %PaLL' 1% Ihc café ivhich currciiily opcralc4 on a doiiation basis and cinploys two cat"c %iipcrvi.%or% ¢iiid licis thc siipport of voliinlccrs tliroughoiit thc wcck. TIIL modcl is sUPPOrtcd by doiiatioiis Iroiii Oak & Olive ivliicli ruIis on Sundays as part of C3 Hopc so benefilb from Ilie weLkly donations of church membcrs as well as rcgular doiiations from members of thc local coinmunity. The changes in thc way that tlie charity is secking to op¢rdle tlie Community Groccry will provide new opportunities to review the café model in order to nialiage costs and gcncralc additional rcvcnuc. Polka Dots Pla), Group our playgroup has conlinued lo operate with the support of a part time paid member of staff and achieved over 400 atlendances in the past year, with positive fcedback from those attending the sessions which are led by a qualified teacher and early years professional.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Café Connect - dcspitc funding from Thc Homc Olyicc ccasing iii April 2024 this project lias rcmaincd largcly duc to the valiie li briiigs to largcly Hoiig Koiig iiiiinigircinls. Tlic projcct is lcd by two voliiiitLcrs wlio invcst ihcir Iiiiic dnd ihLir ciiihusiasni iii providing support for servicc uscrs not oiily in thcir convcrsalional skills bul iii a morc Iiolislic capacity. Thc project sees between 6 and 12 pcoplc atleiidiiig wcckly. HAF We have continued io work iogcthcr willi our Local Autliority uiidcr tlic Govcrninciit's (HA1) Holid<iy Activilic% diid Food prograiiiiiiL lo providc Iicaliliy holiday activilic.4 aiid scrvicci for thc 300 children and fainilic4 iii our local coinniuiiity. Universitv Placements - Wc havc coiitinucd to SUCCCssfully grow our work togLilicr witli SIILflicld higlicr cduLcilioii providLrs to orrLr pldLLIiILIils to iiiidLrgyr¢idLl&ilc 4liidLiil% to liclp tliiiii fiirtliLr tlicir 4tudiL4. TIIis is .%oiiicihing? WC ililii to coiitiiiuc to dcvclop iii Ihc futurL (IS It cxpo%c% undcrgradiiatcs lo tlic iiccds of pcoplc iii coininiiiiilics <ind gcnLf<ltc% uiircslriclcd rcvciiLlC for Ihc Lhcirity, Pathways - Our Prfiiliwily% lislliiitig aiid 4ig?iipostiii& projLct Wil% %iICCCssful in gjiiiniiig funding Io Liiiploy a parl liiiic coordiiicltor Iroiii Dcccii)bLr 2024. Tliis rolc togL'IIILr willi a Siiicill Icaiii ol. voliiiilccrs will Iiow cnablc tlic projccl lo bcgiii to cslablisli itscll. as a kcy parl of ivhat wc oftcr lo Ilic local coiniiiuiiity. Car Boot Sale a coiiiinuiiily Cvclit dcsigiicd lo r<liSL ilW¢ir¢iicss of IliL work of Hope Coiiiiniiiiily Foiiiidalioii IiLld iii tlic Suiiiiiicr 01" 21)23, pr¥%LlItL'd ali ¢iccL%4iblL aiid al't"ordablL Iociil oiitdoor Ill&irkLt lor pcoplc iii tlic arca wliicli atlractcd l 00 pcoplc aTid 22 scllcr4, Wc OPlL'd Iiot to niii tliis activity in Ilic suniincr of 2024. School Uniform project vorkiiigy jii Pcqrlii¥r4liip with C3 Hopc Cliurcli aiid scvLr¥il local scliools 10 providL 4cliool iiiii loriiis lo Ioccil ILiiiiiIiLS ill Iiccd. Cook & Tasle Sesslons WL liavl I',iiiii¢liLd ¢1 pfojLcI wliicli &ii1ii4 lo dLiii()ii%tr411L liow Iiccililiy ¢iiid IILilrili011s lood cali bc crcillcd Iroiii iiig7rLcliciil4 %ourLLd Iroiii ()Lir Coiiiinuiiily GrocLry. Tliis 1.% ILd by two of. our voluiilLLr% aiid lia.% allr&lCtLd Ll %lll<ill lollowii)gJ %iiiLc ils l&iiiiicII. Diiytime Drop-ins Loll¢)borLiliiig) willi P&irliier% wc liÉlVL illCOry)or;Itcd ¢1 iiiiiiibLr of drop-i1i4 for Iocq& I coiiiiiiiiiiily iiiciiibLf%. Tl)LsL iiicliidL 11 cos1-0l'.liviiig drop-iii, Sp<irklc Drop-iii, 1.1 Inployiibility drop-iii, EiilLrprisc Coacliiiig drop-in iiiid voluiilLcr drop-iii. Community Pantomin?e wc coll¢iboralcd with local partiicrs lcd by MASKK aiid fiiiidcd through Shclyicld City Couiicil to host Ilicir aiiiiual p4lnloiiiiiiiL' iii Jlllluilry 2024 wliicli brouglil 800 pcoplc iiito Ilic '¢1soiial ciitcrtaiiiinciit. Wc arc Hopc Cciilrc wlio woiild oilicnvi%c bc uiilikcly to 'icccs4 tlii% foriii of %L' coininitlcd to contiiiuiiibj to work iii p'irtiicr.%liip to ciiablc a lurthcr paiiloiniinc to bc IIL'ld at tlic HopL CciilrL on 3 January 2025. Chaplaincv - Hopc Coiiimuiiity Fouiidalioii dclively parlncr witli C3 Trust UK who providL a Chaplaiiicy serviLe iii the Hopc CLnlrc wliich 15 availiiblL' to slaty, voluiilccrs aiid Incinbers ot" IliL public, providiiig pastoral carc tor people. The trustee's rcporl docs nol givc full account of ilic impact ihat tlie work of thc charily has had on individuals diid fdmilics although this is significantly fclt amongsl our service users and voluntccrs, many of whom are either current servicc uscrs of have been in the pasl. Our commitment lo working in partnership is demonslraled by bul not limited io our ongoing work with The Message Trust, Together for Sheffield. MASKK sheield, Volunlary Action Sheffield (VAS) and OUT local Univcrsities and Schools. This partnership work has been vital in hclping us to scale up the iinpacl of our work whilc we are working from a smallcr than preferred rcsourcc base.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORSI REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Now wc havc bcLn ablc to cmploy a dcvclopmcnt manager, we hope, in tlie coming year to furthcr build capacily to eiiic blc us to ciiibcd ai)d groiv our ciirrciil work aiid cxlcnd the scopc and iiilPl¢ cl of thcsc projccts as WLII as to continuc lo cngagc voluntccrs and uiidertakc Ilic ncccssary organisalional dcvclopmcnt to cnablc us to take on furihcr conlractcd ivork, supporting our ong70ing sustainability. We al40 iiilcnd to briiig addilion¢il provision on .4lrci¢ In iii thc coining ycar to support pcoplc in pcrsonal dcvclopincnt, iiioiicy In<lli¢igciiiciiI aiid li t"c Skills. Wc coiilinuc to maiiilain ¢1 %lrong focu4 on Safcguardiiig vuliicr¢iblc adults and youi)g pcoplc, tlirough tlic work of oiir Joiiit SafcbJii<irding Bo¢ird wlio%L iiiiii is to cn%urc Iliiil %afcguardingJ 1% cffcctivc across all aspect% ofilic work of ilic Hopc Cciitrc. Our Conimunlly Nursery (Lltlle Ark N'ursery & Pre-school) TIIL Cli¢irily opLf&il¢s a COliiliiLiiiily iiiir%Lry wliicli coiiii)risc% boil) P¢iid for Ic lid fiiiidcd provisioii for Ioccil fiiiiiilics. Tlir()IigylioLiI Ihc P<i%l I X iiioiit1i5 tllc iiurscry lias %LiccccdLd iii providiiig? LlijldL4ifc Iiiid coiitlllLicd lo work iii parliicrsliip iviili .%t¢iliilory agLIiLiL% dL4pilL il pcriod of proloiigicd aiid coiisidLrablc uiicLrl&llllty wliicli hcl% bccii Icli Ioc&illy aiid Iliilioniilly &icro.%.% tIiL carly ycars scctor. TIIL. oi'igijiicil rL&?iStrcilioii willi ofstL'd LIS Llll L¢irly ylrfirs 4¥lliii&y Wcl% Iiiadc tlirougli Hopc Cily Cliiircli (iioiv C3 Trii%t U K) iiiidLr URN,. EY21 ()8%0. UiidLr Illi% rcgis11'&ilioii Il)L iiursLry W&1% fiilcd as 'Good' 011 5 M4irch 2019. 11) FLbriiary 2023 wc 511ccc.%.%liil ly rc-rcgi%tLrLd Il)c iiur%Lry 111)dLr HopL' Cotiiiiiiiiiity Foiiiid<ioii U RN.. 2716252 to bringy Ihc iiurscry 01liciLilly iiiidL'r tliL R4ouiidalion froiii (111 of%tLd poiiit ol. vicw. Coliii DcQViCS (Tnislce aiid IioLiiidi¢ lioii Dircclor) 14 iiow instcillcd a4 tlic Noiiiiiicltcd IiidividLll¢ I for tlic Nur4Lfy, <1 fLqLiirLiiiLiil ol. of%tLd. Nur%Lry pcrloniiaiiLc ha% rciiidiiicd a COiiCLrii Iliroiigylioiit tlic yC¢1r, and WL IiKlVC bccn ablc to cccss va liicd siipport froiii Sliell Icld City Coiiii¢il lo coi).%idLr lioiv wc iiiibjlil work to dcvclop slaiidards aiid uliiin¢ilcly bc rLiidy lor ¢1 PO%itivL of%lcd iii.%pcctioii wliiLli 1% likcly in 2025. Tlic appoiiiliiicnt of our dcvclopiiiciil Inaiiagcr lia% providcd us witl) the Ccipacily lo undcrtakc a fonnal rcvicw of Ilic iiurscry iii tcnns of currcilt pcrforinaiicc Qc lid oiigioing viability. Tliis di.%cusscd ivitli TnistLcs ii) DccLinbcr 2024 and a dccision madc to conliiiuc witli ali iinprovciiiciit plan wliich would., l. Strciigihcii and iiiiprovc quality of cliildcarc wlicrc nccdcd lo Incct Ilic rcquircniciils of thc EYFS rrdincwork for carly yCLifs .4cltiiigs, 2. Providc approprialL Irciiiiiiig, siipport aiid accolinlability for thc slafT ILam. 3. Provide clcar and prc5ciiI Icadcrship for IIIC liiI211lc gLinciil IcLlIn. 4, Pusli fornvard to accclcralL a plaii lor markcling aiid awarLliCSS raising in the local arca. The uncert¢iinty and vuliicrabilily of carly ycars education aiid childcarc across the couiitry is wcll docuiiienled, and Ilie ongoiiig viability of the sector, particularly in areas of liigh deprivation. rcinains under que%lion. Over thc past year, thcrL has beeii a degrec of rcspon5c from local and nalioiial govcrnmcnt, but wc maintain our stance that iliis rcmains iiisurricicnt wlicn facing thc disproportionately escalating opcraliiig costs wliich coiitinuc to forcc up the cost of childcare. Ivhich continue to drive up thc cos1 of childcare. In the meaiitime, the progrcss on recovcry has been sloiver than expected and more reccntly in slight decline, which highlights a dcficit in business development, associatcd ivith a downtum in birth rates in the area, despite thc commitment to deliver a quality scrvicc for parents and childrcn.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 A8 a rcsult, occupaiicy Icvcls across the niirsery rcmain considcrably lowcr than required. Througli tllc budget year the cliarity has coiiliiiucd to beiiefit froiii ilic rciitdl. .%crvicc chiirgc aiid mconagcinent cliarge coiicc%4ioIis gLncrously waivcd for thc nur%cry by C3 Triist UK as part of tlic Piirliicr chdrily's Collllllitnicnt to thc work and iinpact tllat tlic iiurscry dclivcrs to thc local coinmuiiity. In addilion, Hope Ceiitre Li Inilcd, Hope Cominuiiity lioiindalioii's trciding subsidiciry. is bLiI)g posilioiicd lo gencratc incoiiiL lo IILIp SLlPPOrt thc gciicrcil ivork of Hopc Cominuiiiiy Foundatloll diid by d%sociation. assist with fuiiding aiiy oiigoiiig delicit iii the iiur%ery. DLspilc tlic advcrsc tradiiigj ciiviroiiiiicnt aiid uiiccrtaiiitiL'% 11141t tlic %cclor is cxpcrieiiciiig, witl) tlic support of il% partncrs ovcr tliL coiiiiiib) Inoiiihs, Tru%tCL'S, (It tliis %tcigye, CSPLLlcilly iii tIiL liglil of rcLcnl disciis%ioiis, rLin&lill coiniiiiltcd lo Ihc oiigJoiiigF work 411)d r¢Lovery ol. IliL niir4Lry ¢iiid r¥.%ourLLS arc bciiigi iiiar411¢)IILd to providL tIIL IILLC44ilry siipport lo providL IIIL iiur%Lry ivilli tlIL bL%l LliaiiLL of rLcovery, altlioiigjli ivc apprL'ci<ilL Ill11 Ihis iiiay wcll lakL longLr IIiLlli cxpL'Llcd. Funding and Fundraislng Thc cliLirity lias a fuiidrai%iiig stratLgy wl)icli briiigs togiLilicr diftcrciil rcvciiuc slrcams iiicludiiig thc rollowiiig: l. Pri1112& ry Piirpo%L Tradiiig (c.gJ F.arly yL¢ir provi%ion) 2. F.KIL'niLiI g7raiil Illiikiiig lrni%t% q& lid stciliitory fiiiiLIL'r 3. Iiidividtliil & Corporalc Doii<ilioii% (iasli aiid iii-kiiid) 4. DL'I iVLry of COTilr&iLILd %crvicL 5, Triidiiig rcvciiiic (gLiicralLd Iliroiigyli Hopc CLiilrL LiinitLd) Tlic cli&irily IiciS beLlI .%uccLs%ful iii g<iiiiingy cxlLrii411 projLLI fLlI)diiigT or coiilr'iLl4 froiii a iiuiiibcr or riiiidLfs aiid COliiliii%%iOllLr% silic¢ ilic last Tru%lLL% Aiii)Ucil RLporl for 2022-2023 wliiLli ii)clu(Ic: From April 2023 to end of March 2024 TIIL H()IllL oificc, for Carc CoiiiiLLI di.%Loiiliiiucd I roin April 2024 - £5,000 Trciiiiliiics Fouiid<ilion for JigJ%aw Calc - L500 SIIL11 ILld H6111illil UiiivLr%ily lor work plcicciiILiII.% - £12,740 Poslcodc Nci&Fhbourliood Trii%t tOlV&irds C¢ipilcil iinprovcinciit% - £25.000 HAF Projcct DLlivcry Slicnield City Couiicil £26,416 Funding Received since April 2024 National Lollcry Coininuiiity Fiind (Groccry M¥inagLr salary) - £19,800 Bciicfacl Trust (Pathway.% Coordinator S¢ilary) £8,200 FraTiCiS Winli<2111 for Jigsaiv Ccifc - L3,000 HAli Projcct Dclivcry SliClC1d City Council £7,600 Slicflicld Hallaiii Uiiiversily for work plilCLlllCiIt5 - £7,644 The cliarity also received financial sUPPOrt from C3 Trust UK lo support salarics for the Volunlccr Coordinator up io November 2024 and the Developmcnl Manager from Scpteinber 2024. Thcse grants and support are clcar cvideiice of thc charity's conccrlcd cfforts to attract support for ils work in tlie coininuiiity. Thc charity is currcnily revicwing its funding slratcgy in preparation for 2025 onwards.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Preiiiously gaiiied gr¢inl funding for our Jigsaw café for over 55.% hds now been fully deployed this ycar to fuiid Iliis activily aiid wc havc bccii succcssfiil iii gainiiig flinhcr funding lo suppon this w'ork. Thc cliarity coiiliiiiic% to rcccivc funding froin individu2¢ I donori and plaiis to bc niorc intcntioiial iii the coiiiii)g year to rai%L awarLIiL%% of opponuiiilies for pcrson¢i1 siipporl. Tliis lias rccciilly slartcd witli iiidividii<il% iiiidLrt6ikiiig fiiiidr¢11SillgY activities oyi bLlialt" of tliL cliarity aiid raisiiig uiirc%trictcd doiialioiis over Ilic rLccnt %Liniiiicr PLriod Ioiv¢2rd4 &ycner2< I ruiiniiig co41s. Tlic coiiiiiiuiiity cafc opcralLs oil a doii¢ltion ba%1% Lii.%uriii&y tlicil IIIC Ccifc is accc%%iblc and finc1ncially Vi¢iblc aiid 1141% bccii IhL bciicliciilry ol. fuiidiiig for providiiig rclrL41iiiiciit4 to projecls and to ciiablc vital CLIUIPIIILllt to bc upgradLd. Thc cliarily ib rcgyistcrcd with lh¢ Fiundraisiiig RL'gulator, Ilic iiatioiial body tdskcd with ciisuriiig that fuiidrai%ing is coiidLlCtcd ctliic¢illy Jiid iii linc willi good praclicc. FInnCIAl revlem, TIIL I'ru4lLL'4 iiiakc straleg?ic aild opcric tioni¢ I dcci%ioiis blL sed on tlic liiiaiicial posilion of thc charily by rl ILfLllCC lo Il)c fiiiaiiciLiI d2< Ici (bLidgiLt%, iiiaiiclgYLIIILiiI &lLcoiiiils) providcd to Iliciii qLILirlcrly Llt IliLir fonn¢il nicLliiig7% aiid 2& S Piirt of iiitcrii&il TiiccIiTig% of IliL 4Liiiiir ill)d cxcLiitiVC lll¢iiidgciiiciil Icil111%. Thc Tnistcc4 hoivcvcr do not gcl ii)volvcd in tlic d4ly-to-dily dclciilcd runiiiiig of tlic clidrily CXCCPt whcrc rLquirLd iii ordir lo %upport tlic appoiiitLd ollicLrs ol, Ilic cliarily. Wiiliin tl)L fiTiaiicicil ycic r ciidcd 31 M¢irch 2024 tlic cliarity rLccivcd L350,534 (2023: £389,99(1) of iiicoiiic aiid LXPLiidcd £338,953 (202_1: £404,323) %liowiiig? a surpliis of £11,581 (2023.. £14,327 dcliLIt). Thc pi'iiicipal %OLifcL% ol" iiicoinL cifL discloscd iii iiolLS 3 ¢iiid 4 to IIiL ¢iccouiII%. Tlic charily lias iiiircslriclcd rLscrvc% of £(21.813} (2023.. £(18.621)). Tlic Iriistcc% liavc idciilificd Ihat the av¥)il'iblc rc4Lrvcs iifc £lt (I low ILVLI ¢liid arc ¢iddrL%%ilig Illi% iii ordcr lo biiild rL'sLrvc4 ili liiic wilh tlic cliarity's rc%crvc5 policy of tlircc InoJiih'% opcratiiig co%t%. TIIL trii%tLc% liavc a%4Lsscd thc Inajor risks lo wl)icli tIiL clidrity IS Lxpo4cd, whicli iiicliidc Ihc ri%k of ovcr- gcciriiig dLlC to Ilic cro%.$ gii4if&?iilcc of borrowiiigjs lakL'ii out in C3 Tru%1 UK. Tlic truslccs arc Sdti%ficd that sysILiiis arc iii pl¢lCC to Initigalc cxposurL lo tIiL IllÉijor risks.
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Future Progress and Development Trustccs arc ¢ncouraged by tlie progres% bcing Iiiade both in tcrms of efTeclive delivcry of cxistiiig coinmunity projccts and tlic planncd iiiiprovciiient4 being introduccd in tlic nurscry. The charity's Stralcgy moviiig fonvard is as follows: l . To conliiiuc to commit to Ihc growili ai)d %trLngili of Liltlc Ark Nursery & Pr¢-Scl)ool, Iliis bciiig a vital parl of our work aiid kcy coii)POllLlit to Ihc %ocial valuc wc providc. Thi% work will bc moiiilored closcly tliroiigihoul Ilic 20?5-2C) liiiai)cial ycar. 2. To coniiiiuL to slrLiibiiliLii aiid cxtLI)d our LoiiiinLllllty work iii cl ill¢llliigiL(I ciiid su4tailliible way wliilsl slreiigiilieiiiiigl our lii)k% willi oiliLr Ioc(Il provisioii Io LiiablL US to forgc a pLr%oii-ceiitrcd api)roacli to oiir work. 3, To cinbed cli4lllgFL% Ill tlic Cominiinity CJrocL'ry iiiodLI and dclivcr sibynificclllt growih iii Incinbcrsliip iii Ilic coiiiii)g) tivo ycar.4, 4. To ¢iddrcss 41iort-tcnn aiid iiiLdiiiiii-tLnii slal'liiig) (qiicl capLlCity cliallciigc% iii ordcr lo %u%taiii aiid row Ilic oiilpiil iiiid illlP4iLI of IliL work wc uiiilLrldkL, 5. To coiitiTiilC lo focu% oii %lrLllgYtlILiiiiigy our cxi5tiiig' i)rojccls iiiid dcvclop additioiial fuiidiiig %lrcain% to pr()iiiotL Oll&YOlllgl Sll%t4111)&ibilily. (). To coinplclc C&lPit¢il iiiii)ruvLiiiciils lo Ilic coiniiiuiiiiy arca% iiicludiiig upgri& dcs lo tIIc C<ifc aiid toi Ict% lo iiiiprovc our uscr-cxpcriciicc ¢iiid qLialily of provi.%ion. 7. To rLvisc tIiL cli<irily'S fiiiidric ISillgJ %trcltLgy aiicl Lxplorc a loiig)cr-Icnii p14111 for tlic orgiaiii4alioii. 8, To lurtlicr slrciigiliLli Ilic coinpositioii aiid knowlcdgc ol" tlic board ol. Tru%lccs Soiiic cxainplc% of ilic way tlii% stralcgy will bc oulworkLd will bc Ilic folloiviiig., I . SLLkiiig) fiiiidiiig) for &iii addilioiial rolc lo focii4 oli cinployiibilily aiid ski Ils dcvLlopiiiciit 2. SlrLiigJiliLii IIIL vital work of Ilic coiiiiiiiiiiity biroLLry to cnsiirc this ]% .%u%laiii(IblL aiid L tlcclive over Ilic inccliiiTlI to Ioiig7 Icriii. 3. Str¥iib)Ilieii oiir cxistiiig progrilliiliiC4 by cxlciiding tlicir rLdcIi £iiid ciigageiiiciit. 4. Ei.sl&ibli%liiiig our P¢ltliw¢ly.% procc%s cLiilral IiiC¢)ii% by wliiLh wc Call Lii4iirc that wc arc dcliv¥riiig oulcoincs a% IVLII 415 ouipuI%. 5. To UTidcrtakc 11 social audit of our work to qU(Illti ly Ihc SOCi1& I valuc and inipact wc providc tl)rou&ih our work a cli4irity. 6. CoiiliiiiiL to C41cibli%li vil611 ciiid crrcclivL link% and stralcgic partncr4hips lo cxtciid our 4copc or work diid sub5LqiILiiily Ili¢ iinp&icI H'L iiiakc. 7. Conliiiiic to 4lrciigtlicii policic% <iiid proccdurcs iii gciicri¢ l aiid incrcasc our invc4lincnt in traiiiiii and dcvLlopmciit, aiid Human Rcsourccs Ihroiigh our HR Adviscr, Croner HR. Structure* governance and management Thc clicirity is a conipaiiy liiiiiled by giiiaraiitcc uiider thc provisions of thc Companics Act 2006. (Numbcr 04489582). Thc coiiipaiiy docs iiot liilVL' sliarL capital. TIIC Lharity was sct UP 1¢ s a Iicw company on 18 July 2002 and rcceived rLgislcrcd cliarity status in Marcli 2004 {Nuiiibcr 1102542). The company officially changed its name to Hopc Community Foundalioii from 13 August 2021. Thc truslccs. who arc also thc dircctor% for Ihc purpose of company law, and ivho served during the year and up io thc date of %igndture of thc financial Statemcnls were: C Davies A E Ibbotson E Muihiah L Davies (Resigncd 9 imay 2024)
HOPE COMMUNITY FOUNDATION TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 L E Willis J Brainliall B P Kunaka Tlic current Coiiipany Secrcl&iry is J Braiiiliall who KVCIS appoiiilcd 011 l August 2024 taking ovcr from A E Ebbol%on. Truslccs wisli to cxprcss Ihcir siiiccrc tliaiik% to L D<lViLS who scrvLd as trustcc aiid iiiorL rccciitly Chair of Iru4lLC5. Tlicrc ¢irc at Icast Ilircc iiiaiiaging InistLL4 &1t cllly oilL liiiiL iii linc ii'ith Ihc charily'4 govcniing dociiinciils. Wlicii a VaC&lllCy oLciir%. Ilic Iru%lce% di%cus5 polciilicil LaiididatLS aiid in%tnict a tru%lLC rcprLsciilalivL to appro&icli polLiilial Ci¢ iidid¢ltc4. Tllc Iru4lccs mcikc a lii11¢ I dccisioii to appoint tru4tccs bascd oli ciiltur¢)I fit, cxpcri¢ii¢c, kiiowlcdgc aiid comiiiiliiiciit. Noiic of Ilic Ini%tccs h¢lVC ciny bciiLficic11 iiilcre41 iii tlie Coliipic iiy. Ai tlic liinc of prcp&iriiig tlicsc fiiiaTICI?L I sl<ciiiciitS1 (ill of IliL tl'Li%ILLs £if¥ iiiLiiibLrs ol" tIIL COIIIPLIIIY &lTid gJii(?fcllltCL to coiilribiitc L l iii Ilic cvciit ol. a wiiidiiigp lip. Disclosure of informatlon to audltor E¢icli of thc Inistccs lia4 coiiliriiiLcI tli&il tlicrL ]% iio iiilonii2& lioii ol. wliicli tlicy arL awarc wliicli is rLILvaiil to tIIL 4iiidil, bLII of wliiLli tIIL' (iuclilor is iliiaWLifL'. TlILy liavL fiirtlicr coiifiniicd Ilicil IIILY liilVL takci) pproprialc stCP5 to idciitily sucli rclLvaiil iiiloriiialioii ciiid to c%liiblis1i tliat tlic audilor circ dwarc of %ucli Thc Iruslcc%' rLport W<1% dpprovcd by thc Board ol"Tru4tccs. C Davles TriistCL Datcd.. 19 Dcccinbcr 2024
HOPE COMMUNITY FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are ic Iso Ihe directors of Hope Communily Foundatioii for the purpose of company Liw, are respoiisiblc for prLP¢1riiig Ilic TrustLLS' Report Ic iid Ilic accoiinls iii accordaiicc willi applicablc laiv aiid Uiiilcd Kiiigdoin Accouiiling Strf2ndc1rds {Unitcd Kingdoni GLiieral ly Accepted Accouiiliiig Practice). Coinpaiiy Law r¥qiiif¥.% ilic trustccs lo prcparc accouiils for cacli fiiiaiicial ycar ivhicli givc a tnic aiid fair vicw of Ilic stalc ol" afi"I'iir4 of thc cliarily &iiid of IliL Iiicoiiiing rcsourccs ¢111d application of rcsourccs, iiicluding ili¢ inLoiiiL aiid LxpLiiditurL, ol" tl)L charilablc coiiii)aiiy lor tliilt ye¢lr. lil prcp&iriiig Ilic%c accoiiiils. Ilic Irii4tLCS arc rcquir¥d 10: CILCI siiit6iblL accoiiiitiiig pol iciL% <liid Ihcii ¢ll)ply Iliciii coiisistcntly; ob%crvc thc Incihod% aiid priiiciplcs iii tlic Cliaritics SORP: niakL judgiinciits aiid cstiiiiatc4 that arL' rLasoii<iblc ciiid prudLiit' 4lalL' wIILtIILf IL ppIicciblL UK Accouiitin&y Stiiiidl¢ rds lirfivc bceii followed, subjccl to <llly Ill<cri&il dLP<lrtiirc disLlo.%Ld ¢iiid LxpliiiiiLd iii IIiL (ICCOllI)15' prcparc tlic accouiit4 oli Ilic goiii&) concLrii bilsis uiilc.%s il 14 illEipproprialc lo prcsuinc that Ihc cliarity will coiiliiiuc iii oper&?tioii. TIIL Ii-Ii4tLL4 drL rLs1)oii%iblL foi. kLLPlllb cicILqLl&ilc IlLC()IiiIIiii&F rcLords 111:)t disclole willi rea5011coblc &2cciifilCy lil aiiy IiiiiL IIIL IiiiclllCi&il po%ilioii ot. Ilic cli6irity 411id LlllcblL tliciii to Lii%iirL tli< Ilic 41L¢oiiiII% LOlllI)ly iviili tlie CoiiipillliC.% Act ?00(). TIILY 41fL ¢1140 rLS1)011siblL for %a ILgTLl4irdiiig tIiL ¢i%%¢1s of IliL cliarily cll)d Iiciicc toi- lakiii rcclSOll&iblc slcps lor tlic prcvLiilioii ¢iiid dcllclioii or rr&iud alid ()IlILr irrLbJii141riliL.%.
Hackeryoung Charteied Accounlanls 6 Broadfield Court Broadfield Way ShetTield S8 OXF INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOPE COMMUNITY FOUNDATION Opinion WL li<ove aiiditcd thc fin&qncial slatcineiils of Hopc Coininiinity Foundation {thc 'chi¢ rity,) for Ihc yCl¢ r ciidcd 31 M1¢ rcli 2024 ivliicli coinpri4c Ilic %latLiiieiil of finaiici¢il aclivilics, Ilie bal6lliCC SIILLI 16 lid notc% lo tlic Iiii£incial .stLilciiienls, iiicludiiig sigiii fic¢inl c2ccouii1iiig policic4. The fiiiLillci<il rcporliiiby Iri¢ iiieivork tl1c1t has bLcii (ipplicd iii tlicir prcp¥)ratioi) is appliccqblc law aiid Unilcd Kiii&ydoii) Accoiiiiliiib St¢indard%. iiicluding Fiiiancial Reportiiig Slaiidard 102 TIIL, h-iiiciiil'itil RL'I)()I'liiix ,giiiiiclciiYl cii)i?liLcihlLJ jii ilic, UK Iiii(l RL'I)iihlic' ()f li'c,Iciiiil (Ui)ilcd Kii)gdoiii CJciicrally Acccplcd Accouiitiiig Priiclicc), Iii oiir opiiiioii, Ihc fiiiclllciiil %l¢ilcillciits'. gliVL a IriiL Lll)d fair VIL'IV of IliL Stalc of Ihc cliLirilciblc conipLilly'% 41ffiiifs (IS cql 31 Mic rcli 2024 aiid of ils ilicoiiiiiig rL%oiirLLs <iiid ¢ippIiccilioii of rLs0111'LLs, iiicludiiigj its IllCOlllL iiiid Lxpeiiditur¥, for tIiL yL(Ir Ihcn LiidLd,. liavc bcLii propcrly prcp¢irc(l iii accord(IiicL Iviill Uiiitcd Kingdoiii Gci)cr&illy AcccptLd Accouiitiiig Pr¢lcIicc' ¢iiid lic?vL' beLli pfLPLircd iii accordilllCL Iviill tli¢ rLqiiirLillLiil% of Ilic Coiiip&inics Act 2006. Basls for oplnlon WL coiidiiclLd our Liiidil in &iccord&lllCC Wltli Iiitenicilioni11 sl4iiid,Irds on Aiidiliiig (UK) (ISAS (UK)) 4111d appliL4iblL 11¢ Iv. OLir rL%poii%ibi litiLs iiiidLr .%14111d6ird% 4irL l urilicr dc%cribLd iii IIIL. Aii<lil()i ¥ i'L',Iii(iii,% jl? jljljLJ,s /i)i' Ilic. (iii(lil (!/'IliL'.liiiciiic'i(Il ,%l(IlLJllI(•iil,% scclioii ol. oiir rLpori, WL arc iiidcpLI)dciit ol. IliL cli<irily iii ¢lLLordilllLC witli tlic ciliic2& I rLquirciiiciils th?¢ t arL rclcvL)iil to our iiiidil ol" Ilic fiii£lllClcil 4l<Liiiciils iii tlic UK, iiicludiiig Ilic FRC'S I.1171cal StaiidiL rdi 7¢ nd wc li(IvL luifillLd our oilicr LIIIiciil re%poii%ibilili¢% in ¢iccorddncc willi thcsc rcqLiifLiiiciil%. WL bclicvc thal tlic audit evidciicc wc hdvc obt4iiiicd 1$ 4uniciciit aiid approprialc to providc a ba%is lor our opiiiioii. Material uncertainty relating to going concern We liclvc idLiililiLd a iiialtLr ol. coiiLLni in our rcport bccaii%c wc li1¢ vc coiiccm% that th¢ charity may not bc ablc lo coiitiiiiic ag a goiiig conccm. Di%closurc 11¢1S bcLii Inlidc iii iiolc 1.2 to tIIc 2% CCOUllts coiiccniilig thc clic2rily'4 2( bility lo coiitinuc as a goiiig coiiccrn. TIIL Iru%tCL4 arc ¢iwarc of ccrtaiii malcrial unccrtaiiitics wliich rcniaiii largFcly oulsidc of thc iiniiiediatc coiitrol of tlic cliclrily (iiid cciitrL arouiid cli¢illcngcs facing rly-Y¢drS cdiic¢olion on .1 ii'ilioiial Icvcl ivhich coiiipriscs IIIC Illcijorily ol" IIiL Iiicoiiic of Ilic chdrily. Tlic charity is playiiig aii actlV¢ Pcirt iii rcprcscnliiig tlic sector Nvlicrc approprialL to inccl POSitivc cliaiigc al local aiid Iialioiial Icvcl. 10-
Hackeryoung Chartered Accountants INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOPE COMMUNITY FOUNDATION CONTINUED Other information Tlic oihcr iiifonii¢ilioii coinpriscs the infonnLilioii iiicliidcd in the aTillu411 rcport oiher th<qn the IIiiLITICic?I l<ltcinLnls and oiir ¢iiidilor's report IlicrLOlI. TIIL trLisILC.% arc re4poii%iblL for thL oilicr infomiatioi) coii11c incd wiiliiii tlic aiiiiual rLporl. Our opiiiioii oli tlie I111611)Cl611 %l¢)tLinciils does iiol covcr Ilic otlicr iiiloniicilioii cllld. xccpi to Ihc cxteiit oilicrwi%c Lxplicitly stiilcd iii our rcporl, wc do not cxprcss aiiy lonn of as4urai)cc coiiclu%ioii Ilicrcon. Our rc%poi)sibility i4 to rccid tlic oilicr iiilonnatioii aiid, iii doiiiby so, coiisidLr wliciliLr Ilic oilicr inforiiiatioii is iiialLrially iiicoii%islL'iit iviih IliL l ill&lllCiiil slcltciiiL'iit% or OLir kiiowl¢dg¥ obiilillLd iii Ilic coiirsc ol" tlIL audit. or oiliLnVi%L cippLar% lo bL' IllcltLrially iiii%%t6ilLd. If w¥ iclLI)lify %iicli In<LI'ial iIILoii%i%lciiLies or clPP<irLI)t In6ltcri<il iiii5514ilLIIILI)1s, WL &ifL rL(iiiirLd lo clLILriiiiiic wliLtI)Lr tlii% g)ivc.4 risL' to a IlliilLrial 1i1isstalcniciil iii tlic Iiiiill)Llcil %l&ilciiiLiils IliLiiiselvLs. Il", bci%cd oli Ilie work wc li¢lVC pcrlortiicd, WL coiicludc tlial Ili¥rc is a iiilltcriiil iiii%sl<ilLinLlIt ol. tli1% oiliLr iiifonnatioii, wc arc rcqiiircd to rcpori tliat f&1Ct. Wc lidvc Ilotliiiig to rLport iii thi% rLgiird. Opinlons on other matters prescribed by the Compiinies Act 2006 lil our opiiiioii, b'iscd oil IIiL work iiiidLrt<ikcii iii IIIL Loiir%L ol. ()Iir aiidil: IIIL itiloriiialioii givcii iii IIIL IriistL'C.s' fLpoII lor IIIL fiiiclllcilc l yL&'ir for whicli Ilic fiiiaiici1&14tcltCll)LlltS Lir prcpiircd. wliicli illLliidcs tlic dirLctor%' rLporL prLI)iifLd lor IIIL. PLirpo%c4 of coiiip(Iiiy ILIW, IS COllSiStciit witli Ihc fiii&QllCldl %t(ItciiiLiils; aiid tlic dircclor.%' rcport incluclcd wiiliii) tlIL IrLlStLcs' rcport lia% bclii prcpilrcd iii accordaiici witli cippliL&iblc Icgal rcqiiirciiiciit%. Mutters on i%'hich M'e are requlred to report l)y eiception Iti IIiL ligjlit ol. IIIL kiioivlcdgjc cll)d iiiidLr%l<iiidiiigy ol, Il)¥ Lli'irily and ils ciiviroTiinLiit oblaincd iii Ihc coiirsL of IIIL ciudil, IVL liavL' i)ol idLiililiLd iiiLItLri&il iiii%%l<LlllCllts iii IIiL dirLctor%' I'cport iiicliidLd iviiliiii Ilic IruslLCS' rcport. Wc h¢lVC iioiliiiig to rcport in rcspccl ol. Ilic lollowing ii)atlcrs iii rclcltion to wliicli tlic Conipaiiics Acl 2006 r¢quircs u5 to rcport to you i f, in Olir opinion.. adcqu¢11c accouiiling rccords liavc not bccii kcpi, or rLlurns adLqualc for our audit havc not bccn rLrcivcd rroiii braiiclics iiot vi4ilcd by us; or Ihc fiiiai)Cidl sl¢ltL'mcnts arc iiol iii cigrLeincnt witli Ihc L2ccountiiig rccord4 and rctunis. or ccrii2iii disclosurLs of Irustccs, rLIiiuiiL'ralioii speciti¢d by laiv arc Jiot 1111¢ dc. or we li<lVC Iiol rcccivcd all IhL infoniialioii i< nd cxplaiiatioi)s ive rLqLiirc for our iiiidil. or thc tru%leLS wcrc not cnlitled to prcparc tlic finaiici?cI slatcmcnts in accordance with thc sinall coniplL nies rcgimc and take advantagc of ilie sin£?11 compaTiie.%' excmplions ill preparing thc trustees, report and froin Ihe requircmcnt to preparc a strategic report.
Hackeryoung Chartered Accountants INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOPE COMMUNITY FOUNDATION CONTINUED Responslbllltles of trustee5 As cxp141iiicd iiiore fully iii the stalcincnt of truglcc%' rcsponsibililics, thc truslees, Ivho arc also thc director% of thc cl)arity for tlic purposc of Coliipclliy laiv, are rcspoiisiblc for tlic prcparalioii of ihc fincincial .4tatciiiciit% 1( lid for bLillgJ %llti%ficd tliat Ilicy give Ll trLIC ciiid fair vicw, aiid for sucli inlLn1421 control a.4 Ihc Irii.4tccs deteriiiiiic is nccc.4.4cqry to Cll&iblc tlic prcparalion of Iiiiaiicial statcinciit% Illi¢ t <irc frcc from m¢ltcrial niisslalcincnl, whcilicr duc lo fr¢iud or Crror. Iii prLpdriii&y tlic fiii¢incial %lrfilcincii14, IIIL tru%lcc4 arc rLspoi)siblL for thc cliarily'% 6ibilily lo coiiliiiuc a4 a g7Olllgl LOIICLrii. di4LIo.%iii&y, .15 cipp1ic¢ible, iiiallLrs reliilccl to g70iiigp coiicerii <iiid usiiigj IhL &YOlI)gy coiiccni ol" acLoiiiiliii&i iiiilL%% tlIL IriistlL% Litlicr iiilLiid i() liquid&ilc tlic cliciril6iblc COIIIPilliy or to cca%c opLrdli01is, or h&lVL iio rLal i4tlL ¢ilicrii4qlivc bLiI to do so. Auditor's responsibllities for the audi( of the financial statements Our objcclivcs arc lo obiaiii rcii%olliiblL a4suraiicc about wlictlicr Ilic fiiiaiicidl sti11ciiiLiit% wliolc arc frcc froiii 1l14ilLfi&il Iiiis%latciiiciil, wlictlicr diic to fraiid or Lrror, aiid lo issuc ali aiiditor'% rL'port Ilial iiicliidL4 our opiiiioiI. Rc&1501141blL &l%%LifclllLC 14 a liigpli ILVLI ol. Lissiiraiicc biit is iiot il giictfillltLc tli< (Ill iiiidit LoiiduLlcd iii aLcord&QllCe Wltli ISA% (UK) Ivill 6ilivilyS dclLLI ¢1 Ill'ltcriLiI InisslLlteiiiLlIt wlieii il cxists. M isslalLiiiciII4 C4qll ¢iri.%c froiii I r&iud or Lrror <iiid IifL' LoiisidLrLd liiiilLrial i I., iiidividiidlly or li) IIIL <iggirLg'ilL. tlILy could rL¢l.%Oll&ibly bc expLclcd to infliiciicc Illc ccoiioiiiic dLcisi0114 ol" uscr4 t<ikL'ii oli IIIL. basi4 of Ilicse I1111L IIClcil sl&ilciiiLiII%. ThL cxtcnl to wliicli our procLdurcs ¢ifL C¢ipablc of dLtLcliii&y irre&Jiilarilic%. iiicliidiiig fraud, is dclailcd bLIow. 12
Hackeryoung
Chartered Accountants
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HOPE
COMMUNITY FOUNDATION CONTINUED
Based oli our under4laTidiiig of Ihc cliarily 6iiid thc scctor in ivliich it operc?Ic%. Ive idciitified tlic priiicip<il ri.%ks
of iioii-Loii)pli<ll)LL willi l<lW.% aiid rLgiilalioiis relcltLd to Ilie acts by tliL cliarity, wliich wcrL COI)Ir1¢ ry to
applicablc IclW4 aiid rcgul¢ltioiis iiicludiiig Iraiid, aiid IVL Loiisidcrcd the cxlciit lo ivliicli iion-coiiipl iaiicc iiiiglil
havc a malcrial crrccl on thc finaiicial st¢1tciiiei)1s, Wc al40 coii4idercd tliosc laws uiid rLh&Julatioiis t1¢ liavc a
dirccl inipacl 011 Ilic prcpariilioii ol" Ihc fii)qc iicial slalcTiiciils such Ilic Coiiipaiiics Act 200(i. W¢ cvaliiatLd
lll&lllLigyLiiiei)t's iiiLciilivL4 aiid opportLlllltiL% for fr4iiidiilciil IllillllPLildtioii of tliL fiiiaiiLicil %t6ilciiiLiil% (iiiLliidiiig
IIIL risk of OVLrrid¢ of conlr()l%), (Iiid dLtLriiiiiicd Iliiii IIIL priiiLipal ri%k% W¥fi r¢1411¥d to iiillLItL'd I'LVLIIUL aiid
Ihc cli&irily's 1lLI iiiLoiiiL lor IIIL yLar.
Audil procLdiirc% p¢rforiiiLd iiicliidLd.' rcvicw of Ilic fiiiilllCl¢il stc2lLillLiiI di4clo.4LirL's to iiiidcrlyin&7 .%iipportiiig
dociiiiiciilalioii, rcvicw of corrLspoiidLllCC Witli ciiid rLporl% to tlic rLgii1411or.4, iiicILidiiigp corrLspoiidLiicc witli
thc C li¢irily Coinini.%%ioii, reviLiv ol. correspoiidLllCL WltlI ILigy¢21 c)dvi%ors Iiiid ciiquiriL% ol. iiiaiiLigiLiiiciit iii 50 far
as tlicy rLl4ilLd to tlic fiii&lllCiiil sl¢ilLIIILiIIs, iiiid iii ILs1iii&y ol" joiiriial4 4iiid LV¢ilualiiig? wl)L'ilILI' IIILrL wa5
Lvid¢iic¢ ol" bi<1% by thL' InistL'LS Ilial rLprLsLiIILd a ri%k of 11i4ilcrial iiii%%lcltciiiciil duc lo fr6llld.
There arc iiilicrcnl liiiiil<ioi1s iii IhL audit proccdiirLs dc%cribLd abovL ¢iiid Ilic furiliLr rLIIIOVLd lion-
coiiipli&lTlCC WitlI 141WS 4111d rLglLil¢ilioii% is Iroiii IliL cvLI)l% ¢iiid IrLlllSciLlioii% rLIILcILd iii tlic liii6lllCi;Il %l'ilciiiciits,
IIIL ILS4 likcly wc would bccoiiic ¢lW¢lrL ()r il. Al40, Ilic risk of iiol dLILLliiigi a liiiilLrial iiii5sliilLiiiciiI diic lo
Ir&iiid is Iiigplicr Iliaii Ili¢ risk of iiol dclLcliiig oiiL rL%iiliiiib Iroiii crror, cl% Iraud liiily iiivoIvL dLlibLf¢ilc
COIICL&iliiiLiit by, t'or CX£iiiiplc, lorbiory or iiilL'lItIl)Ilcil iiii%rLprL4ciil¢ilioii%, or tlii'oLigplI colliisioii.
A fiirtliLr dc%criptioii of oiir rc%poii%ibilitlCS 1% clViiil¢ibli oli Ihc Fiiidiiciic l RLPOrtii)g Coiiiicil's w¢bsitL 1¢ t..
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HOPE COMMUNITY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UnT¢5trlrt¢d Restrl¢t¢d Total Unr¢sirScied ReyrrletL.d Total 2024 fund fund5 2023 Notes Diiiiali()ii% aiid gift4 Chciritciblc activiliL% 15,792 27(),643 58,099 73,891 27(),643 27.390 319.039 43,567 70,957 319,039 Total income 292.435 58,099 350,534 34(),429 43,567 389,996 Chcirit<iblc ilctivilicq 30n,102 38.851 338,953 358,416 45,907 404.323 Net {outgoing)/ Incoming resources before transfers (7,667) 19,248 11,581 (11,987) (2,340) (14,327) Gro%s trLl ii%f¢r. bclwccn fliiids 4,475 (4,475) 2.488 (2,488) Net (expenditure)lincome for Ilie vellrl Net movement in fund5 (3,192) 14,773 11,581 (9.499) (4,828) (14,327) Fuiid balaiicL% ut I April 2023 (18,()21) 12,339 (().282) (9,122) 17.167 8,045 Fund balances at 31 Marcli 2024 (21,813) 27.112 5.299 {18,621) 12,339 (6,282) Tlic stalcinciil or riii2c iicial ¥iclivitics includcs all gaiiis and Iosscs fLcogniscd in tlic ycar. All iiicomc and cxpciidilurc dcrivc from conliiiuing activilics. The stiilcinciit of financial 1( clivilies cilso coinplics with the rcquirciiients for an iiicomc and cxpcndilure accouiit uiidcr tlic Conipaiiies Act 2006. 14
HOPE COMMUNITY FOUNDATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed #ssets TaiigyiblL <1%SCts 11 17.909 20,457 Current assets DLbtors Ca.41i (It b&iiik aiid iii1i4iiid 12 18,3()3 33.703 5,190 35,()20 52,0()6 40.810 Crcditors: aniounls falling due ivithin one year 14 (42,995) (30,878) NLI ciirrciil 9,071 9,932 Tot1 Asset5 le45 current liabililie 2().980 30,389 Credilur4: #n)ounts falling due after more than one year 15 (21,681) (36,671) Nel 8ssets1(liabilltles) 5.299 (6,282) Income funds RLstrictcd fliiids UiircslriclLd luiid% 16 27,112 (21,1113) 12,339 (18,1)21) 5.299 (6.282) Tlic fiiiaiicial statciiieiits wcrc approvLd by Ilic Tru%tecs oil 19 Dccciiibcr 2024 C Davics Trustee Company registration number 4489582 15
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Company information Hopc Coiiiiiiiiiiity Foundatioii is a privalc coinpany liinitcd by giiarantcc incorporatcd in England and WalL%. ThL rLgi4tLred office is Tlic Hopc CciilrL, Bernard Road, SIILfiicld, SoLltlI York4liirc. S2 SBQ. 1.1 Accounting convention Tlic financilL I sloc tclnciils Ii<lVC bccii prLp¢irLd iii ciccordaiicc ivitli Ihc cliarily'S Mciiior¢iiiduni aiid Arliclcs of A%50ciatioiJ, Ihc CoiiipLiiiiL% Act 200() &iiid 'Accouiitiiigi aiid Rcportiiib by CliciritiL%.' Si6ltciiiciit of Rccoiiiinciidcd Practlcc ¢ippIic¢iblL lo ch1L rilies prep<iriiibJ Ilieir accoiiiil% iii &lccord¢iiice witli the ii)¢illci¢il Rcportii)gy SILlI)dard appliL&iblL iii tlIL UK (iiid RLpiiblic ol. IrLlaiid (F RS 102) (cl'lLLtiVL l Jaiiu&lry 2019)" Tlic cli&qrily 1% 1¢ Piiblic BLiiel il Eiilily CIL'I Iiicd by RS I O? Tlic clicirity ha% takcii &iclvaiitagJc of Ilic provisiOii% iii tlic SORP for cli&iritics applyiiig FRS 102 Updatc BullLliii l iiot to prcparc ¢7 Stalciiiciit of C¢i411 Flow4. Tlie accoiinls arc prcp&ircd iii slcrling. whicli is IhL fuiiclioii'il ciirrciicy of Il)c compiiny. Moiictary aiiioiiiil% iii IhLSL fiiiclllLl&il sliilLiiicii15 (irc roiiiidcd lo Ilic IiCiirL%l £. Tlic finaiici2& I slLltcmciits liavc bccTi pfcp<irLd iiiidcr Ilic hi%loric(Il cost coiivci)tion. Thc priiicipal (Iccounliii& policics iL dopled arc .4cl out bclow. 1.2 Coing concern TIILSL fiii¢lllCi¢)1 slalLiniiils 1¢ ri prLp41fLd 011 IIiL &YOillgY COIILcni bi24iS. Tlii Irii%lcc4 liavc ¢1 fLasoiidblc expeclatioi) Iliiil thc clicirily will coiiliiiuL iii opcr<i()Ilcil cxistcnLL for Ilic forLsec&iblc fiitiir¥ ic nd lias cigrLLd %ibiiii l icai)t oiibYoiii&y siipport froiii ils PiirLiil ovcr tlic iiLxl yciir, Howcvcr. Ilic Iru%lcc.% iifL awarc of ccrtaiii iiialcrial uncLrldiiilic% wliicli liicly L¢lU.%L doubt oli tlic cl)&irily'% (ibility lo coi)tiniie a goiiig coiicLri). TIILSC uiicLrtaiiilics rcin¢iill Icirgicly OLII.%idL ol" Ilic iiiiiiicdialL coiilrol of Ilic charity and cLiitrc arouiid cli6illcngcs l¢lClllbY C¢irly-yLar4 idiii¢ilioii on a Illilioii'il ICVLI wliicli coiiipri.%c% IIIL iiiajorily of Ilic incoinc ol. Ilic chiirily. Tlic cliiirity is Iil'iyiiib) jlll ciclivc Piirl iii rcprcsciitiiig Ilic scctor wlicrc &ipproprialc to clTccl Positivc ch¢iiigc al Iocdl Jnd ndlioiial Icvcl. 1.3 Charitable funds Unrcslriclcd fiiiid5 circ available for usc al Ihc di4crctioii of tlic Irii.%tcc% iii furllicraiicc of Ihcir chclritablc objeclivc%, Reslrictcd funds arc subject to spccific condition% by doiiors as lo liow they niay be uscd. Thc purposcs and uses of tlie restricted fund% are sel oul in the notes lo thc tinancial statcincnls. 1.4 Incoming resources GraTils and voluiilary income comprising gifts. donations and othcr fonns ofiiicome, iiicluding grants for tlic piirchasc of fixcd asscts, arc rccogniscd iii full iii thc Slalcnicnt of Fiiidiicial Activitics iii thc year in which thcy arc rcccivablc, cxccpl insofar as thcy arc incapablc orriiiancial ineasuremcnt. The value of services provided by volunteers has not been included. Granlg are recognised in full in ihe StateineIit of Financial Activities in the year in which they are receivablc. 16
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) liicoiiie 1.% measured (It tlic fair valuc of tlic considLration received or rcccivablc iiiid rcprcsciits amounls rcccivablc for scrviccs providcd in the iiorinal course of biisincss, 1.5 Resources expended Rcsourccs cxpciidcd arc rcco&iiii4cd in Ilic year iii wliicli thcy arc incurrcd inclusivc of irrccovcrablL VAT. Cli¢iril&2blc cxpcndilurc coiiipri%es co415 inciirrLd by Ilic ch1¢ rity in the delivcry ol. 114 IlClivilic4 aiid iiicliidL.% cost% tliat cali bL alloL<Ld dir¥LIIy to SLiclI aLliviliLs alid Los1% ol. ill) iiidirLCt iialLirc lo siipport Graiit4 for otlicr cliarilÉiblc ¢lLtivitic% arL Inadc (Qt thc di%crctioii of Ihc Iru%tecs aiid arc rccogiii%cd iii tlii yLar iii which tlicy arc iiiadc. Govcni¢lllLL Los15 cifL 1110sL iiiciirrLd iii LOllllCLlioii willi thc adiiiiiii%lriltion of tlic cliarity and compliilllcc will) coii.%titLltioiial aiid %liilutory r¥qiiirLIIILiIIb. 1.6 Tangible fixed assets T¢iiibiiblL' fixLd Li%%cI% <irL iIiitii)IIy IiiLa%urcd qc t cosl ill)d subscquLiiily iiica%urcd at cost or valii¢ilioii, iiel ol. dLI)rLcialioii (iiid ic IIY iIIIPLiiniiLiil10%scs, DLpfLci¢)tioii 1% rccogTii%Ld .%0 to wrilL oly Ilic cost or valuiilioii 01. 4l%%cIs Ic%% Ilicir rc.%iduiil V¢iliics ovcr tlicir u4Lfiil livc.s on the lollowiTI&F basLS', Lciscliold biiilding75 ixturcs. filliiig.% ¢iiid cquipmLiII Slr(1ig7lit liiic ovcr tlic pcriod of thc Icasc 20 /th Siraighi IiiiL Thc gclili or 105% arisii)bJ oli tlic dispo.Scil of an a.sscl 14 dclcriiiiiicd as Ihc ditlcrciicc bLlwccii Ihc salc procLLds (Iiid tlic C&irryiiig valiic of Ili¢ 11s4cI, aiid ]% rccobiiii4cd in ihL %tdlcinciil or rinaiicial dclivitiLty. FixLd a55cls co%ling Icss than £500 arc iiol capitaliscd. 1.7 Impairnient of fixed assets At Lach rLporliiig ciid d1tc, Ilie Llicirily rcviLlVS tIIL carrying ¢iiiioiinls of its tangyiblc and intcingiblc ,1sscts lo dclcrmiiic wlictlicr tlicrc 15 aiiy iiidicalioii that tlio%L aSSCts havc 5uftcrcd dll iinpainiiLiii loss. Il" aiiy 4ucli iiidication cxisls. thL recovcrablc ainount of Ilic assct is cstiinc)Icd in ordcr to dctcniiiiie the cxtcnt of the iinpainnciit loss, i t" any.
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Continued) RccovLrablc amounl 18 tlic liiglicr of fair valuc Icss costs to scll and value in use. In assessing value in usc, tl)c csliniatcd futurc casli flows arc di4counlcd to Ilicir prcscnl valuc using a prc-tax discounl ralc that rcflccts currcnl markel asscssmcnls of the liii)e valuc of moiicy l< nd thc risks .4pccific to tlic clSSCt for which tlic estiii)atc% or riiturc Cclgh flows h1K vc noi bccn ¢idjusled. If tlie rccovcrablc umoiiiit of uii cl$SCt is c%tiini¢lcd lo bc tl)dll Its carryiiig ainouiil, Ilic carrying anioiint of Ilic ¢14SCt is rcduccd to it.% rccovcr<ible (iiiioiint. Ali iiiipainnciit Ioss 14 rccogyiiiscd iiniiicdialcly in iiicoiMc/(cxpcndiluri) for Ihc year, uiilcs% Ilic rclcvant <1%scI is ciirried at a rcvaliicd <lmoiinl. iii which CLiSC ilic iii)painnci)t loss 1% Ircalcd a% a rcvalualion dccrcq< 4¢. Rccogniscd impairnleni 10s4c8 Q& rc rcvcrgcd if* 16 nd only if. thc rc¢iSOli% for tlic iinp;iirnicnt 104% hilvc LCci%cd to (Ipply, WliirL' ali illlP¢iiniiLiiI 1055 .4Lib.%cqiiL'iitly rLvLrsL.%, IIIL Larryiiigy aiiioiiiit ol. IIiL as%LI is iiicrcLlscd lo Ilic rcvi%cd c4liincltc of its rLcovLr<iblc ¢ltnouiil, biit .40 tIiLlt tlic iiicrLascd carryingp ¢ltiiouiit doLS iiol cxcccd tlic carrying dllloullt tl)<lt ivoiild liavL bccii dclcniiiiicd liad no iinp(iirnILiiI Io.%.4 bccn rccogiii%cd for thc iii prior yLar%. A rcvLf5al of an ilnP&iirii)ciil 10%5 1% rccogniscd iTI)IncdialL'Iy, iiiilcss Ilic rLIcv&iiil <i%%LI 1% CiirriLd iii ?¢ t 1¢ rcvaliicd ?% Inoiiiit, in which casc thc rcvcrsal of tli¢ iinpainnciit 105% 1% IrLalLd (Is a rcvalualioii iiicrca4c. 1.8 Cash and cash equlvalents Ca.411 <iiid Cii%li Cqilivcilciits inLludc ca4h iii hiiiid, dcp04ils IILld at call willi b4qiiks, oilicr sliort-lcnii liquid iIiVL.4tiiiciits wilh origijiiq( I InLltiiritic.4 of tlirec iiioiiih% or Ics%, aiid baiik ovcrdrdfts. Bank ovcrdric ft.s (irc howii iviihiii borroiviii&ys iii currLiit liabi liliL4. 1.9 Financial in5trumeiits Tl)L cli&irily li&1% LILctLd to &1pply Ilic provi%ion% of Scction I I ' B¢lSiC Fi1111 IICi&l1 In%lruiiiciit%' lind Scclioii 12 '011ier ii)aiicial lii.4lruiiiLiil% l%%uL%' ol" li RS 102 to al l ol. it% liiiaiicial i1i4truiiiLI)t%. Fiiiaiicial in4truinciits arc rcLob?iiiscd iii tIiL charily'5 bEilaiicL %liccl whcii tlic c1111 rity bccoinLs P2& rty to Ilic coiitrcicliial provision4 of Ihc i1i4lruiiiciil. Fiiiaiicial asscls and liabililics arc ofysct, willi Ilic iicl inioiinls prc%cntcd in thc finaiicial 811( Icmcnls, wlILn tlicrc is a Icgally ciiforccablc ribilil lo scl oft. Ilic rccogiiisLd ainouiiis i& lid tlierL 1% (Qll IiIILii[i] lo seltlc on a nct b&iSiS or lo rc&qli4c ilic aiid %cltlL tlic Ii<ibil ity %iniulliiiicou%Iy. Baslc flnanclal assets Basic financial a4scts, Ivliicli includc dcbtors aiid cash and bank balaiice4, are initlc)Ily mcasurcd at Ira1i5aclioii pricc iiicliidiiig Iraiibactioii costs aiid arc sub%Lqucntly carricd al ainorti%ed cosl usiiig tlic cffcctivc intcrcsl niciliod uiilcss ihc arrangcincnl coiistilulcs a finaiicing trcinsactioii, Ivhcrc thc IrdllS<iclion i.4 measured at the prLsenl valuc of Ihc tiiturc reccipt% discoiiiltcd al a markct ralc of interes1, Financial asset£ cla$41 fied ag receiviible ivithin one year arc iiot amortiscd. Other financial assets Other financial asscls, including invcstmcnls in cquity iiistrumenls which are not subsidiarics, associates or joint ventures, are initially measured at fair value, which is nonnally thc transaction price. Such assets are subsequently Caled at fair value and thc changes in fair value arc recognised in iiet incomel (expenditurc), except that investments in equity instniments ihat are not publicly traded and ivhosc fair valucs cannot be measured reliably arc measured at cost less impaimient. 18
HOPE COMMUNITY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policie5
(Continued)
Impairment of financlal assets
Finaiicial assets, otlier thali those hcld at f¢iir value Ilirough incomc and cxpenditure, arc asscssed for
iiidicalor5 of impainnciit al cacli reporting dalL. Fiiiancial drc iii)pairLd wlicrc Ilicrc is objccliv
cvidciicc tliati ci% a rL'%ult of onL or Inorc Lvciils t114Qt occurred aficr Ilic inilial rccognition of tlic fiiiic ncial
assct. tliL cstiinl& tcd fiilurc casl) flows Ii¢ive bLLii Jrrected.
Ir dii asscl 1% impaircd. tlic ililPciiniiLI)t 1055 1% Ilic ditYcrciicL bctwLcii Ilic carryiiigy ainounl aiid tlio
prcsciit V4qliic of tliL c%liiiiatLd ca%li Ilows di%couiilcd al tlic origiiial cncctivc iiitcrc%l ratc. Tlic
iiiipairniciil lo%% is rccog)niscd iii iict iiico1ncl(cxpLiidilLirc) for Ilic ycar.
If tlicrc 1% <1 dccrc¢lSC in IIiL illlpiiinnciil Io%% dri4inb, froin (111 cvciII OCCLirriiigF after tIiL iIIIPlc iniiciil W1& S
rocogiiii%cd, IliL' IlllPciifiiiLiII i.% rLVLf%Ld. TIIL fLvLrsal is %ucli Ilial tlic ciirrciil C6irryiiib) ainoiiiil docs iiol
CXCLcd wliclt Ilic carryiiig &iiiioiint would liavc bcLii, IILid Ilic iinpairiiiciit iiot prcviou%ly bcLlI rcco&iiiiscd.
TIIC iiiiPLiimiciil rLvcfsiil is rccogiiii%cd iii iiLt iiicoinc/{L'xpciidilurc) t.or Ihc ycar.
Derecognltlon of flnanclal assets
Fiii&lTICiiil arc dLfLCO&YIIISLd oiily wlicii thc coi)tracliii11 rigylits lo Ilie Ciisli lloivs froin tlic a%4ct
xpirL or LifL 4eiilLd, or ivliLlI tIIL cli&irity Iraii%lLrs IIiL' fiiilL IICicil a%scl aiid %iib4lciiilially (ill tlIL I'isk% ¢iiid
rcw6ird% ot" OWllLrsliip lo aiioihLI' eiilily, or if %oii)c sigiiificcliil risk4 4iiicI rLw
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.10 Employee benefits Thc cost of &lny iiiiiiscd holiday cntitlLinciit is recogiiised in thc period in wliich ihc ciiiployce's seNiccs arc rcccivcd. Tcniiiiiiilion bciicfi15 arc rLcogiii%cd iinincdialcly as ali cxpciisL whcii IhL cliarity is dcnionstrdbly coniiiiitlLd lo Icniiiiialc tlic einployinciil ol" illl Liiiploycc or to providc tcnninatioii bLiicfits. 1.11 Retirement benefits Payiiiciits lo dLfiiicd coiitributioii rctir¢iiiciit bciicfil 4chciiic% arc cliargycd (Ili CXPCli%C tlicy fall duc. Crltlcal accounting estimates and Judgements In t]Ic iipplic&ilioTi of Ilic cli<2rity s accoLinliiig policic%, Ilic dircclors circ rcqiiircd to 1ll1L kc jiidg?cincnls, c%liiiialc.s ciiid Lissuiiiplion% ¢iboiil IIIC C&irryii)g? 4i1ii011111 of aiid lioc bilitlL.% Ilial arc iiol rL' 'Lidily apparcnt froii) oihcr %ourcc.4. Tlic c.stiin¢ilL'S Liiid <14.%OCiiltcd ¢l.%SUlllPtioii% arc b&15cd on hi.%lorical cxpLriLllcc £iiid oilicr factors Iliat arc coii4idLrcd to bc rclcvaiil. A¢tU1L I rc%ult% Ill&iy dI¢r froiii Ihc%c C5tiiiiutcs. Tlic estiin2c Ics %2iid iiiidlrlyiiig a%%uiiipli0115 (irc rcvicwcd oli ali oiigoiiig blL SI4. RLVI%i01IS to 11ccoiiiilii)g cstiin¢ltL% slrL rLco¥iii%Ld iii tlic pcriod iii wliiLli Ilic c%liiiidlc 14 rcvisLd wliLrc IIIL rLvi4iOII ¢inicl% oiily 111&11 pcriod, or iii tlic pcriod ol. tlic rcvi%ion aiid l iiliirc pLriod4 wlicrc tlic rcvi%ioii £iflLct% boili cu171 and rulurc pcriods. TIILfc Iifc Iio j LidgiLiiiciils or c%liiii¢ilLS ivliicli havc a 4i&inificaiil ri%k of caiisiii&? a niatcrial Jdjiistincnl lo Ilic carryiiig i& IllOUlIt ol. asscls aiid l iabilitics. Donations and gifts Unr¥5trlcted RgstrlttL.d Total Unresirlcicd Ro5trltted Total fundy fundy rund 2024 2024 2024 2023 2023 2023 Donalions and gifts 15,792 58.099 73,891 27,390 43,567 70,957 20-
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities P*'uryory fLbes nd cuti'rln% Inciin)e Cafe sole5 Total 2023 Total 2023 Salcs witliin chiiri1l& blc 1( clivilics 234,88C) 41,757 276,643 319,039
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activSties Pre-school Community Total nurser), based 2023 education activities Pre-school Community Total nursery based 2023 education activities Stall. LO.%15 DcprLcialioii (Iiid inipainiiciil Rciil IIi%Lif&incL' Clcaiiii)g Priiiliiig, posl&igc aiid lalioiiLry Siaft'iri& iiiiiig CalLriiigy co4ls LcgJ&ql (ind prot'C85ioiial 24(),451 27.546 273,997 279,289 33,793 313.082 5,102 2,132 1,672 658 495 5.597 2,132 1.()72 1,868 5.597 7,491 1.351 1,003 5,597 13,491 1,351 1,003 6,000 1,210 254 1,841 16,953 256 2,171 17,()86 ,6()7 1,()51 23,515 77 510 1,203 1,744 2,161 24,718 330 733 4,622 (2,550) 13,467 ()63 7()3 3,908 3.3()() 49 4,()71 {2,550) 15,1415 875 6.15(? 4,454 3.353 9,431 4,4(1() 11,734 812 1.588 4,407 3,863 1,218 l 0.()50 4.4C)() 13,839 812 1,815 5,133 3.911 B&1d &ql)d doiibifiil dcbis Siiiidi'y LXPLII4L AdvLrlisiiig RLPciif% £iiid iii<iiiilciiiincc I.dil¢Ll1Ioi1aI ciclivitiLs B6iiik cliiirgc. 2.348 212 5.393 546 {13) 2.105 227 72() 48 299.302 38.851 338,153 357,866 45,907 403.773 Shiirc of govcniancc costs (scc notc 7) 800 800 550 550 300,102 38,851 338,953 358,416 45,907 404,323 Analysis by fund Unrcstrictcd fuiids R¢%trictcd funds 300.102 300,102 38,851 358.416 358,416 45,907 38,851 45,907 300,102 38,851 338,953 358,416 45,907 404,323 22-
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Description of charitable activities Prc-school nurscr cducalion Tlic cliai'ily ruli% a childrcii'% nur%cry providing prc-scliool childcare and cducatioii. Coinimunil bascd aclivitic Tl)c chcirity runs coinmunily b&l.4L'd c?clivitiL.% to rclicvc pov¢rty, includiiig food povcrty, aiid loiicliiiess wiihiii IIIL Ioc1&1 coiiiinuiiity. Support costs Support Governance costs Costs 2024 2023 Audit fcc 800 800 550 800 800 550 AIiLllyscd bctwccii Cliaril&iblL (ILlivitiL 800 800 550 Govcriiaiicc costs includc5 payiiicnl lo tIiL ¢lLidilor of £800 l'or ciiidil Icc4 (2023: L550 lor iE udil fccs), Oilicr co%ls iiicludc4 PdyiiiciiI.% lo tlic aiidilor ol. £3.340 (2023: £2,3 30) for oilicr %crvicL.4, Truslee.s C D6lViC% logctlicr witli hi% Nvifc coiilrols 411i011icr conipaiiy Ih411 duringi tlic ycar rcccivcd P&lylilCI)14 lolalliiig £700 (2023: £1,364) ror payroll %crviLLs. Nonc of tlic otlicr truslccs (or Jny pcr%ons coiinLclLd willi tlicin) rcccivcd aiiy rcii)uiicriltioii or any otlicr bciicfits froin cinployincnt with thc cliaril¢iblc coinpany aiid iio tru4lcL cxpciiscs liavc bccii incurrcd in the yciqr (2023., iioiic). 23
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees 'umber of employees The avcragc iiioiiilily iiiiiiibcr of cinploycc% duriiig tlic ycar was: 2024 Number 2023 Number StatT Truslcc 18 20 25 27 Employment COSts 2024 2023 Wagcs ¢iiid %¢iliiric Soci¢il %ccurily Cost oilier pciisioii co41 253,809 13,944 6,244 290,238 16,553 6.291 273.997 313.082 Tlicrc wcrL no cmployccs who.4C &iiinual rcniuiicr(ItIOll W1& s £60,000 or iiiorc. 10 Talation In vicw of tlic cliaril&iblc objccl4 of Ihc COlllP&ll)y kiiid ol. its rcgi.%tcrcd clicirity %latus, iio laxi¢ tion should bc payable. 24-
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible fixed assets Legsehold Tr'l¥tyr¢s. fittlllgs hulldlnR$ nd ¢qulpni¢nl TorAI Cost Al l April 2023 Additioii 122,768 22,341 3,049 145,109 3,049 At 31 Marcli 2024 122,768 25,390 148,158 Depreciation and Impairment Al l April 2023 Dcprcci(Ilioii cliargicd in Ilic yC¢ir 103,309 4,7118 21,343 809 124.()52 5,597 Ai 31 M¢ircli 20?4 108.097 22,152 130,249 Carrylng amount At 31 M<ll-cli 2024 14.()71 3,238 17,909 Al 31 M¢ircli 2023 19,459 998 20,457 12 Debtors 2024 2023 Amounts falllng due ivithin one )'ear: Tradc dcbtor 18,363 5.190 13 Loans and overdrafts 2024 2023 Baiik 1011114 33,753 45,004 Payable within onc ycar Payablc aftcr oiie ycar 12,072 21,681 8,333 36,671 The long-tcrin loan is sccurcd as part of the cross guaraiitee arrangcinent for Ihc bank loan hcld by C3 Trust UK as described in notc 18. 25-
HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Creditors: amounts falllng due ivithin one year 2024 2023 Notes B&iiik Io&ins Otlicr 14lX¢2tioii and social security Tradc crcdilor Aiiioiiiit owcd to parciit undenakiiig Aiiioiiiit4 owcd to fcllow group iiiidcrt¢ikings Oilicr crLditor Accruals and dcfcrrcd iiicoinc 13 12,072 1,978 764 21,500 78 1,88C) 4,717 8,333 1,477 3,695 10,478 78 2,849 3,968 42,995 30.878 15 Creditors: thmounts falling due after more thun one year 2024 2023 Notes Bdiik loaiis 13 21,()81 3().()71
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HOPE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net asset5 behveen funds Unre&lrlclL.d Resirlcted funds fund5 Total UnrL'5trlcted Restrl¢t¢d funds Total Z024 2024 2024 202J 2023 2023 li Ulid b<ilciliCC% at 31 M¢ircli 2024 arc reprLsciitccl by: 17,909 17,909 20,457 20,457 Ciirrc'iit as%ct%/ {liabililics) Loiibp tcriii licibililic4 (18,041) (21,()81) 27,112 9,071 (2,407) {21,681) (3(),671) 12,339 9.932 (36,671) (21,813) 27,112 5,299 (18,621) 12,339 {(),282) 18 Financial coniniitn)enls, guarJntees and contingent liabilltles Hopc Coiniiiuiiily Fouiidalioii ¢iloiigy willi Hopc Cciilrc Liiiiilcd cros% gU<if¢llltcc a bc?nk loaii Iicld by C3 Tru%t UK. AI 31 MarLlI 2024. Ilic b(Iiik Ioclll Iilnoiiiilcd lo L642,200 (2023.. £()81,67(1) aiid 1.% duc lo In¢lturL 011 27 Novciiibcr 2033. 19 Events alter Ihe reportlng dale AN q& t l April 2024 Ilic sliarcs licld iii Hopl Ccnlrc Liinilcd wcrc Iran%lcrrcd Iroin C3 Trust UK lo Hopc Coiiiiiiuiiiiy Fouiidalioii. 20 Control Tlic ultiinatc coiitrolliiig P¢irly 14 C3 Tnist UK, d cliarilablc ¢OliiPcllly iIILOry)of¢ilcd iii tlic UiiitLd Kiilgdoiii. C3 Trust UK coiilrol Hopc Coiniiiiii)ily Iout]dl(lOi1 (IS il i% ablc to cippoiiil ai)d rcii)OVC ¢111 Ilic tnistLcs of HopL Coiiiiiiiiiiity Foiiiidatioii. C3 Tru%1 UK {bLillg? tIIc .4lll&qllLSt aiid I,'Irgycst groiip of ivhich Ilic cliaritdblc coinp<iliy IS a niLinbcr lor wliicl) b?roup fiiiai)Ll&il %talLI))Liils arL prLPcirLd) pr¢p¢ifLS group Iiccoiinls aiid COPiLb C(iii bc obtaiiicd Iroin Tlic Hopc CciilrL, BcniEird Road, SlIL'ft ILld, Soiitl) Yorksliirc, S2 5BQ. TIIC P¥ircnl'% priiicipal piirpo%cs arc to advaiice Ilic Chrislian faith, to rclicvc sickiii%s and financi¥il hardship and lo advai)ce education.