COMPANY REGISTRATION NUMBER.. 6271245 CHARI REGISTRATION NUMBER: 1122288 Bringing Hope Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 RINGING HOPE
Bringing Hope Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustee8 Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 12 14 16 16 Notes to the financial statements 17 The followlng pages do not fonn part of the financlal statements Detailed statement of financial activities 28 Notes to the detsiled statement of financial activities 30
Bringing Hope Company Limitsd by Guarantee Trustees, Annual Report (Incorpornting the Dlrectorf8 Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present thelr report and the unaudited financial statements of the charlty for the year ended 31 March 2024. Strateglc report Introductlon As In prevlous reports, thls one also commences by thanklng the dedlcated trustees and staff of the Bringing Hope Charlty, ft)r their support and input over the past year, which has enabled the organisation to build on the credlble work of the prevlous year. Importantly, we are grateful for another opportunity to present a report that offers some insights Into our strategSc and operatlonal activities wlth individuals, families and communities that are impacted by crime, vSolence, and other social challenges. Bringing Hope continues to work Independently and in partnership (with statutory, community. voluntsry, faith and buslness sector organisations and personnel), towards addressing the root Issues or causes, assoclated with the cohort we work th. Through the support our funders and commbssloned work, we have contlnued to offer services that are community-led, falth-based. traurna informed, and publSc health allgned. Furthennore, we have ensured that our overall operatlonav admlnlstrative support structures and system8 are affective In 8UPPOrtlng our evidence- based approach to dellvery and interventions. The sections below offer Inslghts into the developments and progress of Brfnging Hope's Interventions and activitles over the past year (Aprll 2023 to March 2024). It hSghlights our work with offenders, ex- offenders and thelr familles, who may be in prison or livlng in local communlties. It also represents our partnershlp activities.
Bringing Hope Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directorfs Report) fMnllnu0d) Year ended 31 March 2024 Achlevoments and p•rfornMnc• Programmes and Interventlons Durlng this reporting year, we have worked with up to 107 cases (Family groups included. bebNeen ages of 13 and 65, 95% males, 5% females with 88% from Caribbean and mixed herltage backgrounds, 6% South Asian and 6% White European) with multiple challenges and complexities. Importantly, some cases may have an indivhlual in prison, as we work with members of their family In the community. We continue to receNe referrals from several sources (Statutory. comrnunity and faith sectors as well as selflfamily). Like last year. those who have been referred over the past year have Included individuals and families associated with violence, firearm, and knife possession, safeguarding concems. trauma, postcode, and grouplgang associated conflicts. family crisis, just to name some of the issues. Llke in previous reports. and other associated literature. this report also acknowledges that many of the Individuals and families we gage are categorised as 'problematic', 'hard to reach,, 'disconnected' and high risk, who may struggle to respond to mainstream Publ services such as the criminal justice system, soclal services. and mental health services. Each personlfamily referred has been assessed to determlne their needs. using our ferra1 pathway framework. The referral pathway helps us to detemiine ways to ensure that each service user is offered opportunities to engage wlth our services to support them In their ioumey of desistance and positive change. As a trauma-informed organisatton. we acknowledge that this report can only offer a snapshot of our Interventions. These Interventions seek to explore long temi and susta5nable solut¢ons for meeting the needs of service userslclients. In doing so, each servicelclient assessment has included explorlng their respective needs, towards offerlng support that May relate to the following: 1. Accommodation concems 2. Dwgs and alcohol misuse 3. Mental health and wellbeing 4. Living skills and self-care 5. Parenting and caring 6. Friends and comrnunty 7. Relationships and family. 8. PositNe use of time 9. Managing strong feellngs 10. Education and employabillty 11. Financial concerns 12.Faith, values, and morals lthlst not an excluslve lisL we have found that the above continues to offer us the framework to work towards sustainable support and outcoffÉs for those we engage. Like stated In some of our previous reports, we still believe that desistance and rehabilitation can be so much more enhanced when family relationships are strong, and positive support is forthcomlng. Based on this premise, our approaches are family orientated. we seek to address an individual's needs. concerns challenges and interests within a holistic framework (exploring wellbeing: physical, emotional, ffontal, moral, ethical, social, family and communlty). This is also represented in Figure 1 below:
Bringing Hope Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 31 March 2024 Figl Equallty, Dlverslty & Incluslon Llfe Cycle Perspectlve ( Anderson. 2017) BirtlFhome. fam ily friends. faith and comm unity-social detorm inants of health (historical & current) Socialisation and developmental stagosa socialisation= fam ily. friends. com m un ity. education SOCIpOlitICal system s Maiuring: Influancesllm pact of fam ily ptsers. com m unity and systemsv m aking moral & ethical choices •0 (Decision Making End of lif deathlnaturall prematurel Faith. farn ily, friends & com m unity associated rituals Journey through life: horn famlly. friendships and relationships with comm unity. statutory. crim inal j usticts. faith & voluntary seetors
Bringing Hope Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Mntthuedj Year ended 31 March 2024 A¢hlevements and perf0mnCe (¢MdnuodJ As you will note from the statisticslpercentages above, we continue to be concerned about the disproporttonate number of young black rr£n IYBM) are associated with crime and violence. This concem is highlighted in several reports from a Birmingham contert detailing an QVer-repentatIOn of certain ethnicities within sertous youth violence statistics. Last year. Black and mixed ethnicity children made up 26.3 per cent and 25.3 per cent of violent youth offences respectively. despite only representlng just 10.7 per cent arKI 8.4 per cent of the 10-17 population. Although we have raised our concems and developed some solUtS in our work with YBM, it mains pertinent that these men are still more likety to be socially alienated and detsched from statutory, communty, voluntary and faith sector services. this in mind, Bringing Hope has continued to have strategic and operational discussions with West MKllands Violence Reduction Partnership (WMVRP), Office of The Police and Crime Commissioner, Birmingham Childrens Trust and the Home Office, as we seek to influence more sotution-fLKussed sponSe$ in the engagement and work viith YBM and their families. In line with our aspiration to sustainable partnerships, we have been utilising the framework in Figure 2 beltrw." Fig2 Towards An Effectlve Publlc Health Partnershlp Systomatlc and Incromental Implementatoon of solutlons wlth ACCOUNTABLE Leads (Orgl Agenclesrreams) Actlve and dynamlc eonversatlons and collaboratlon (statutory. communlty. falth and voluntary sectors) Revlsed practices & actlons based on :. research 4¥1th bullt4n revlewsl evaluatlons Collectlve agreement and under8tandlng re: presentlng Issues& challengos Sustainable and Effectlve Solutlon Focused and Needs-led Int•rv•ntlons Long terni cufturally competent approaches re: preventlon, Int6rvontlon. rèhabllltatlon and enforcement
Bringing Hope Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director's Report) (conllnuedj Year ended 31 March 2024 Achlevements and porfornMn¢e (c¢tInued) Maln Suc¢esses over the past year As we continue to be a socially consck)us and culturally competent organisation, occupying a unique Spa of neutrality, we are known for our effective delivery in local communities and prisons, regarding violencelconflict reduction . Since our last report. we have had a growth in our team, which now represents the following: Executive Director- Wlth a key emphasis on businesslparthership developments. Executive D1ctor- With a key emphasis on community engagement and development Strategic Development Manager Operations Support Manager Lead Office Administrator Projector Coordinatorrream Leader (also involved in working with complex cases) 3 Support Workers responsible for case management Along with the above staff numbers, we have also employed (commenced in October 2023) 10 young people (16 hours per week) and 2 project coordinators as a result of being funded for 2 years by the Youth Endowment Fund. We are their Midlands-based Delivery Partner for the Peer Action CollectNe. As a result of this two-year funding, y are responsible to ensure the following: Recruiting regional teams of Peer Researchers and Social Action Leads {10 per region), and to engage Research participants (500 per region), Changemakers (80 per region), and Social Action Participants (200 per region). Leading the regional delivery of the programme with support of the National Partner, Including participating in all training and related activities. ensuring delivery meets local needs and supporting young people in peer research and social action projects. Recruiting. motivating, and retaining Peer Researchers, Social Action Leads, and Changemakers with lived experience of violence or who are at risk of becoming involved in violence. Creating an Inclusive environment built around reflective practice. Offering ongoing pastoral support, personal and professional development. As a result of the above we seek to Influence thlnking and policies relating to violence ductIon and prevention associated with young people. Furthermore, through our research, we will seek to establish the degree that rneaningful activities can positively deter young people from involvement in criwe and violence.
Bringing Hope Company Limited by Guarantse Trustees, Annual Report (Incorporating the Directorfs Report) {conUnuedJ Year ended 31 March 2024 Achlevements and porforniance (conthiu8d) Service user engagement and risk management For Bringing Hope, it remains imperative to develop a relationship of trust with each service user. in order to gain the best opportunty for posibve changes to emerge. Although challenging at times, we have been successful in building positive relationships with most of our serrfice userslciients, using the following tested approaches: 1. Damascus Road Prison and Community wraparound development programm&lservices- considering how to positively Influen seThtce users, behaviours. thinking and attitudes. 2. Community-led l infornRd and publio health partnerships that are trauma informed and culturally competent 3. One-to-one intensive care. famity therapy. r&enty through the gate support, mentorirKJ and peer support to help develop the hearts and minds of those who need hope and opportunity to make positive choices and to INe a crimefree life. Given the complexities and risk relating to many of our cases we have continued to risk manage all cases, considering the following key areas: Risk of harrnlexploltation frornlby others History of mental illness Risk of violencelharni to others Risk of self-hamvsuicide Risk of offendinglre-offending - to include cuffent sentences and restrictions Risk of self-neglect Risk to family member Safeguarding concems History of adverse life events (e.g abuse. bereavement, dNorce. illness) History of misusing substances (e.g alcolK)I, prescription drugs or illicit drugs) The case study below offers insight into the coMpleXeS associated with risk managiThJ some of our cases. Case Study The referral came to Bringlng Hope in February 2024. This case relates to a 14-year-old young Male (B), who was targeted and assoclated with some very challenging and dangerous situations at home arKI in the local neighbourhood. B is Black Caribbean, living with his mother in a local neighbourhood, known for its association to povety, youth crime, high unemployment conflicts and challenges relating postcode feuds. The area is also known as a police priority area and has been linked to certain garvJ related concems. It is within this contert B and his mother attempt to navigate through daity life. At the referral stage and in our subsequent risk assessmen( it was evident that B was a vulnerable young man who was involvedlassociated with networks linked to exploitation and serious youth violence. In assessing the case and exploring the challenges and risks, the following were confinned: B's mother having challenges around keeping him safe in his area. B feeling fearful and unsafe within his own area. Challenging periodslsituations with confrontation from young rren from other areas. Lack of freedom within traveling around Birmingham. Havirvj negative peer pressure. Family relationships are strained. Being violently attacked where he could have lost his life. Need to be invofved in Th*aningful and safe activities.
Bringing Hope Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ondnuedJ Year ended 31 March 2024 Achlevemonts and perfomiance (condnued) This very complex case commenced with our key worker developlng a support plan wlth B In collaboration with his mother and other relevant agencies. Task GNen the above context. our key worker was very conscious that this case needed to have long term and sustsinable approaches. in order to address the issues identified. As a result of this. a support plan for B was established. This included relationship and trust building approaches and exploring any hobbieslinterests that B had. Action Unfortunately, during our work with B, there was a critical incident. placing B and his mother within a high-risk category, resulting in the need for medical and police services involvement. As a result of this situation, Bringing Hope became more actively involved in supporting B and his mom, which included liaising with all the relevant seniices, towards safeguarding this family from further harm and danger. As a resuft of the above Incident. it was agreed that B and hls mom would not return to their home. Consequently our worker has remained actively involved with this case, maintaining regular contact with the family, building trust through conversations, visits. negotiating on their behalf, phone calls and text messages. We have also continued to encourage B and his mom to work wlth other agencies as together, we seek to offer support through this intense life changing period for them.
Bringing Hope Company Llmited by Guarantse Trustees, Annual Report (Incorporating the Directorfs Report) (conUnu8dJ Year ended 31 March 2024 Achlevem•nts and porfomiance (¢ondnuedJ Partn•r8hips and Networklng Actlvltlo• Alongside those already mentioned (also included in lables below), over the past year we have continued to maintain partnerships and influence thinking regarding c(xnmunity4nvolved, faitlFbas8d, and public health responses to crime and violence: Strntsglc engagoment Public Heafth Directorate West Midlands Vtolence Reduction Partnership Home Office West Midlands Police and Crime Commissloner During this reporting perEod BH, have also worked in partnership wlth a rang8 of partners. Thls Includes organisations in the Statutory, Third and Communty sectors. D•llvery partnernhlp8 HMP Prisons Multk Agency Gang Unlt Natlonal Probation Servlce Red Thread Charity Community Organisation & Self-Referrals West Mldlands VK)lence Reduction Partnershlp Birmlngham Chlldrens Trust Youth Offending Service Falth Alliance Birmlngham Reducing Reoffending Board A8 In our prevlous report, we again acknowledge that the partnershlps and strateglc relationsh5ps wa have are dynamic entities. with the capacity to Ghange over b'me. Consequenuy. we conts'nue to actNely review the progress of each relationship. Income generatlon and 8U8ts1nablllty coMlderntlon8 n)ilst Bringlng Hope Trustees remain grateful for our present funding and commissioned income, we are very mindful of the need to maintain the core funcb'ons assooiated with our staffing and service delivery. Like in our previous report, we acknowledge that the last few years have been a testing time for small to medium slze charities and voluntary sector organisatS. with declining resources, increased demand, and reduced donations. However, we remain optimistic, as we continue to offer services to individuals, families and communitses impacted by violence and criminality. In line with this, the Trustees along with the Executive Direct¢)rs have commenced discussions about more Strategic income generation approaches and processes.
Bringlng Hope Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {contlnu6d) Year ended 31 March 2024 AChIevl8ts and perfornMnce (c1 Conclu8lon and movlng foThvard Bringing Hope's Twstees and Executive team remain diligent as we rellect on our nineteen-year track ord, for effective ser4ice delivery finteNentions, with us receiving funding from some of the key nding trusts and charities over this period. In line with this, and as we joumey towards becoming a sustainable organisation, we will conlinue working lowards developlng and sustsining more strategic partnerships. Furthemiore, we will be seeking to ensure that our servlce provision is embedded within 8inningham in the first instance, as we respond to ongoing Grime and serious violence. th Bringing Hope's culturally competen( community4ed. public health approaches, we believe we will continue to have credible impact with indmduals. families and communities that are Impacted by Issues highlighted in this reporL Challenges and concerns A slgnrficant challenge continues to relate to how Bringing Hopa becomes a suslainable chartty, with the personnel and finances to build on our work and Its Impact withSn the statutory, ¢ommunlty, voluntary and faffth sectors. As mentloned earller, thls report acknowledges the ongolng challenges concems regardlng the dlsproportlonate numbers of young black boyslmen Ilnked to the criminal justice syslem. We recognise that these issues have been raised by academics and communities across the county as well as by successive govemment departments. over the years. In acknowledglng this, we believe that Bringing Hope has some valuable contributions to offer. if we are to stem the tKJe and find solutions to address Issues assoclated wlth the over-representatlon. Bringlng Hope does not underestimaie the challenges assodated with Imng a crime free life for those we wtork with, consequently staff will continue to ensure that approaches are culturally competent (ablllty to interpret and apply appropriate inlelventions to varlous challenges, envlronmental, cultural and risk factors).
Bringing Hope Company Limitsd by Guarantee Tru8tee8' Annual Report (Incorporating the Directorfs Report) (¢ondftued) Year ended 31 March 2024 Flnanclal revlew Unre8trlctedlGaneral Fund8 The charfty's gross income on general funds for the year was £77,818 {2023 £130,206), which included £1,300 (2023: £86) of bank interesL The main sources of income were general donations and grants £73,108. Expenses totslled £69,633 (2023.. £49,189). The net result for the year was a surplus of £8.185 (2023: £81.017). This has been added to the reseNes brought forward at the start of the year of £214,519 leaving a balance carried fOard at 31 March 2024 of £222,704. Since many of the unrestricted grants are designed to cover a perlod that straddles the company's yearend, the accounts show a surplus. This apparent surplus will however be required to cover future Planned expenses In the subsequent months and ¢<sequentIY are necessary to the ongoing operations. Restrlthd fund8 Durfng the year grants were received from the following." The Big LotterylReaching Communities Fund, £126,559 (2023: £125,690)-the amount is exclusive of monies received but deferred to a future year West Midlands PCC-Violence Reduction Partnershlp £120,364 (2023: £115,841) Youth Endowment Fund £107,500 Summarfes of income, experKllture and balances remaining at 31 March 2024 are shown In the noles lo the accounts. -10-
Bringing Hope Company Limitsd by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (condnuadj Year ended 31 March 2024 Referencè and admlnlstratlv• detalls Reg18ternd charlty name Bringing Hope Charlty regl8tratlon number 1122288 Company rogl8tratlon number 6271245 Prfnclpal offlce and reg18ter•d 88 Soho Road offlce Handsworth Bimiingham B219BN The trustee8 G Alalade D Storrod S Bateman P Roberts AM Kalsi N Appleby (Appointed 9 October 2024) Independ•nt éxamlner David Seeley FCA Accuo Accounting Llmited Chartered Accountants Alvechurch 8Smiingham B48 7JX Plans for luture porlod• The trustees, annual report and the strateglc report were approved on 16 December 2024 and signed on behalf of the board of trustees by: D STORROD Vlce-chair of Trustees
Bringing Hope Company Limited by Guarantse Independent Examlnerfs Report to the Trustees of Bringing Hope Year ended 31 March 2024 I report to the trustees on my examinatlon of the financial ststements of Bringing Hope ('the charty,) for the year ended 31 March 2024. Responsibilitle8 and ba8ls of rnport The trustees are also the directors of the company for the purposes of company law are responslble for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 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: examine the accounts under section 145 of the 2011 Act; to follow the procedures laKI down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Independent examinerfs 8tstement Slnce the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examinatton giving me cause to believe: accounting records w¥e not kept in respect of the charity as required by section 386 of the 2006 Act. or the financlal statements do not accord wilh those records; or the financial statements do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view whlch is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 12-
Bringlng Hope Company Limited by Guarantee Independent Examinerfs Report to the Tnmtees of Bringing Hope (condftued) Year ended 31 March 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Seeley FCA Independent Examiner Accuo Accountlng Llmited Chartered Accountants Alvechurch Blrmingham B48 7JX 13-
Bringing Hope Company Limited by Guarantee ststement of Financial Activities (Including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds T¢)tal funds Total funds 2023 Unrestricted funds Income and endowments Donations and legacies Charitable activities Investment income 73,108 3,410 1,300 77,818 354,423 427,531 3,410 1,300 432,241 552,546 1,980 86 Total Incomè 354,423 554,612 Expendlture Expenditure on raising funds: Costs of ralsing donations and legacies Expenditure on charitable activitie5 Total expenditure 10.942 58,691 69,633 10.942 413.114 424.056 6.462 400.272 9,10 354,423 354,423 406,734 Net income and net movement In funds 8,185 8,185 147,878 Reconciliation of funds Total funds brought foThvard Total funds carried forward 214,519 222,704 214,519 222,704 66,641 214,519 The statement of financial activlties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 17 to 26 fomi part of those financial statements. 14-
Bringing Hope Company Llmited by Guarantse Statsment of Financlal Position 31 March 2024 2024 2023 Current assets Debtors Cash at bank and In hand 17 74,773 225,390 300,163 324.119 324,119 Cred5tor8: amounts falllng due wlthln year Net current assets 18 101A16 85,644 214,519 214,519 214,519 222.704 222.704 T¢)tal a88ets 1888 current Ilabllltles Net assets 222.704 Funds olth• charlty Unrestricted fvnds 222.704 214,519 Total charlty lund8 20 222,704 214,519 For the year ending 31 March 2024 the charity was entilled to exemption from audit under secllon 477 of the Companies Act 2006 rolating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year In question in accordance with section 476; The dlrectors acknowledge their responslbilities for complylng with the requlrem8nts of the Act with respect to xcounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisi¢)ns appllcable to companies subject to the small companies, regiff*. These financial statements were approved by the board of trustees and authorised for Issue on 16 December 20 are signed ¢)n behalf of the board by: D STORROD DirectorNice-Chair of Trustees The notes on page8 17 to 26 forni part of these financlal statements. -15-
Bringing Hope Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from oporatlng actfvitles Net Income 8,186 147,878 Adjustmants for Other interest recelvable and similar Income Interest payable and similar charges Accrued 8xpensesl(Income) Changes In.. Trade and other credltor8 Cash generated from operatlons Interest paid Interest CeIved (1,300 189 73,840 (86) 506 (32,191) 16.704 97.618 6,919 123.026 {189) 1,300 98.729 (506) Net cash from operatlng actlvltles 122,606 Net Incr•a8• In cash and ca8h oqulvalont8 Cash and cash gqulvalent8 at boglnnlng of year Cash and cash •qulval•nts at end of year 98.729 226.390 122,606 102,784 324,119 225,390 Tho notss on pages 17 to 26 fomi part of th080 flnanclal statements. 16-
Bringing Hope Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General Inforniatlon The charity is a public benefft entity and a private company limited by guarantee. registered in England and WaS and a registered charity In England and Wales. The address of the registered office is 88 Soho Road, Handsworth, BiMnghaM, 8219BN. Statsm•nt of compllance These financlal statements have been prepared In compliance wlth FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended PractKe applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (Charitles SORP (FRS 102)) and the Companies Act 2006. -17-
Brlnglng Hope Company Limited by Guarantee Notes to the Financial Statements (¢onthiued) Year ended 31 March 2024 Accountlng pollcle8 Accountlng poll¢les Golng concom Definltlon The Code of Governan for Charlties and IPCS states that Wiile all charities should maintain some level of reserves to ensure long-term financial sustainablllty, the ¢harfty should dlsclose its reserves policy in the annual report." The term "Reserves" is used to describe that part of a charfty's income funds that Is freely avallable for Its operating purposes not subject to commltments, planned expenditure and spending Ilmts. Reserves do not Include endowment funds, restricted funds and deslgnated funds. Pollcy Bringing Hope is currently dependent on approxlmately £10,000 per month to sustain its activitles, excluding grants received for particular restricted purposes, as earned income alone would not all¢)w Bringing Hope to continue operatlng. This means that if there were to be a gap in funds It is likely that Bringlng Hope would have to close down. To avold closure If fundlng dlfflcultles were to occur the Bringing Hope Board of Trustees has agreed to alm to keep a certain level of financial reserves to ensure that maln operatlons can contlnue for a perlod of 3 month8. The maln concerns of the board are to ensure: That staff can contlnue working, prlrnarily to secure new fundlng That servlce users are supported to move on to other services The level of unrestrlcted reseNes at 31 March 2024 appears to be above the target level of £30,000, however, as noted earller In the report the tlmlng of some grant Income may distort th8 true financlal posltion. As charlty funding can be volatile the trustees remain aware of the need to control costs and to continue to generate additional Income 80 that the charlty can continue to operate should restrictedlproject funding reduce. Currently the majorlty of the charity's expenditure is met from restricted funds. The trustees are contlnulng to explore new and different sources of income. In light of the continuing support of the Blg Lottery and other major funders the Trustees are confident that they will continue to raise the necessary funds to maintain the charity. The reseryes should be bullt up from the unrestricted (eamed) income such as recelved donations, income generated through workshops and consultancy work to external organlsations, management fees and bank interest. Monltorlng and Review: The level of resenies should be calculated and monitored every 6 months by the Executive Director for Buslness Development and Partnership together with the Strateglc Development Manager, and reviewed yearly at Board meetings and whenever there are signlficant changes In staff hours or numbers. Basls of preparatlon The financial statements have been prepared on the historical cost basis. 18-
Bringing Hope Company Limited by Guarantee Notes to the Financial Statements (conllnu¢dJ Year ended 31 March 2024 Accountlng policles (conlthuod) Golng Concern At present there are no material uncertainties about the charity's abilty to continue. Dlsclosure exemptlons The entity satisfies the criteria of being a qualifying entity by rOn of being small. As such, advantage has been taken of the following disclosure exemptions availabte under FRS 102." (a) No cash flow ststement has been presented for the company. (b) Disdosures in respect of financial instruments have not been presented. Judgements and key sour¢•s of estlmatlon uncertalnty The preparation of the financial statements requires rnanagement to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonab under the circumstances. Slgnificant judgements The trustees do not believe there are any JUdgeftnts (apart from those invofving estimations) that have been made in the process of applying the charity's accounting policies that have any signifrant effect on the arnounts recognised in the financial statements. Key sources of estimatlon uncertainty Accounting estimates and assumptions are made conceming the future and, by their natu, wlll rarely equal the related actual outcome. However the trustees do not believe there a any assumptions or other sources of estimation uncertainty that have a signiftant risk of causing a material adjustrnent to the carying amounts of assets and liabilities within the next financial year. Fund accounting Fund accounting Unrestricted funds are avatlable for use at the discretion of Ihe trustees in furtherance of the purposes of the charity. Restricted funds are subject to restricbons on their expenditure imposed by the donorlgrantmaker. -19-
Bringing Hope Company Limited by Guarantee Notss to the Financial Statements (¢onOnued) Year ended 31 March 2024 Accounting pollcles (cononued) Incomlng resources Income All income Ss included In the statement of financial activities when the charity is entitled to the income, any perk)rnnce related conditions attached have been met or are fully withln the control of the charity. the incOff is considered probable and the amount can be quantlfied wSth reasonable accuracy. The foll¢)wing Speci policles are applied to partlcular categories of income: Donations and legacy income is received by way of donatK)ns, legacies, grants and glfts and Is included in full In the Ststement of Financial AGlivrties when receNable. Grants. where ents'tlement is not conditional on the delNery of a specific performance by the charity, are recognised when the charity becomes uncondittonally entitted to the granL Investrnent Income is Included when receivable. Income from charltable tradlng activlty Is accounted for when earned. Income from grants, where related to performance and specific dellverable8, are accounted for as the charity eams the right to consideration by its performance. Rosource8 exp•nd•d Expend11• Expendlture is recognised on an accfuals basis as a liabillty Is Incurred. VAT cannot be recovered, and is rewted as part of the expenditure to which it relate8: Costs of raising funds comprise the costs associated with attractlng donatlons, grants and legacies and the costs of trading for fundralsing purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It indudes both Costs that can be allocated directly io such actNities and those costs of an indirect nature necessary to support them. The charity's policy is not to capitslise any individual items of expenditure costing less than £1,000. Items of a capltal nature that are Pufchased out of restrthd funds are written off in the year of purchase. Other expenditure includes all expenditure that Is neither related to ralsing funds for the charity nor part of its expenditure on charitable activities. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs lating to a particular activty are allocated directty. others are apportioned on an appropriate basis. as set out in the notes to the accounts.
Bringing Hope Company Limited by Guarantee Notss to the Financial Statsments {condnuedJ Year ended 31 March 2024 Limited by guarants• The charity is a company limited by guarantee and as such has no share caphtal. The liabllity of each member in the event of winding up is limited to £1. Donations and legacoes Unrestricted Funds Restricted Total Funds Funds 2024 Donations General Donations 19,108 19.108 Grants Other grants receivable National Lottery Reaching Communities Fund Lloyds Bank Foundation for England and Wales IPCC- Inside Out The Tudor Trust The Jerusalem Trust IM¥lPCC-Violence Reduction Partnership Youth Endowment Fund 10,000 10.000 126,559 126,559 120,364 120,364 34.000 10.000 34.000 10,000 107,500 354,423 107.500 427,531 73,108 Unrestricted Funds ReSted Total Funds Funds 2023 D¢>natlons General Donations 7,890 7,890 Grants Other grants recelvable National Lottery Reachlng Communrties Fund Lloyds Bank Foundallon for England and Wales l*VMPCC- Inside Out The Tudor Trust The Jerusalem Trust WMPCC-Violence Reducllon Partnership Youth Endowment Fund 125,690 125.690 27,250 115.841 33,000 60,000 182,875 27,250 115,841 33,000 eo,000 182,875 128,140 424.406 552,546 Charitable actlvttiés Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Sale of goodslservices as part of direct charitable activities Other income from charitable activities 1,980 1,980 3,410 3,410 3.410 3.410 1,980 1,980 -21-
Bringlng Hope Company Limitsd by Guarantee Notss to the Financial Statements (Conllnued) Year ended 31 March 2024 Investment In¢ome Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Bank Interest receivable 1,300 1,300 86 C08ts of ralslng donatlons and legacles Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Costs of raislng donatlons and legacies - Grants recelvable 10,942 10.942 6,482 6,462 EXpendIre on charltablo actlvltl•s by fund type Unrestricted Funds Restricted Total Fund8 Funds 2024 Communlty Work Support costs 58,114 2,577 354,423 410,537 2,577 413,114 58,691 354,423 Unre8trlGted Funds Reslrlct8d Total Funds Funds 2023 Communlty Work Support costs 40,376 2,351 357,545 397,921 2,351 400,272 42,727 357,545 10. Exp•ndlture on charltable aetlvltl•• by actlvlty type Activlties undertaken direct Support Total fund8 costs 2024 Total fund 2023 Community Work Governance costs 410,537 410,537 2,577 413.114 397,921 2,351 400.272 2,577 2.577 410.537 11. Analysls of support C08ts Community Work Total 2024 Total 2023 Governance costs (154,294) (154.294) 2,351
Bringing Hope Company Limited by Guarantee Notss to the Financial Statements {contlnuedJ Year ended 31 March 2024 12. Net income Net income is stated after chargingl(crediting): 2024 2023 Operating lease rentals Premises rent and service charges 10,350 41,034 5,856 33,924 13. Indepondent examlnation fees 2024 2023 Fees payable to the independent examlner for: Independent examination of the financial statements Other financial seniices 643 1,745 2,388 500 1,345 1,845 14. Staff costs The total stsff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Soclal security costs 231,857 19,452 251,309 165,800 12,369 178,169 The average head count of employees during the year was 11 (2023: 5). The average number of fulktime equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Administratlon Charitable activlties No employee received employee benefits of more than £60.000 during the year (2023: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for seNices provided to the charity was £100.300 (2023: £89,800). 15. Trustee remuneratlon and expenses no remuneration or other benefits from employment with the charlty or a related entity were received by the trustees during the year. no trustee expenses have been incurred -23-
Brlnging Hope Company Llmltsd by Guarantee Notes to the Financial Statements (conllnu•d) Year ended 31 March 2024 16. Translers between funds There were rK> transfers belween funds in either year. 17. Debtors 2024 2023 Prepayments and accrued Income 74,773 18. Credltor8: amounts falllng due wlthln one year 2024 2023 Accruals and deferred Income SocSal securlty and other taxes 89,646 11.769 101,416 76,350 9,294 85,644 19. D•forred Income 2024 2023 At 1 Aprll 2023 Amount released to Income Amount deferred In year At 31 March 2024 32,083 (32,083 46.312 31.203 (31.203) 32.083 46,312 32,083 20. Anaty818 of charftabl• funds Unre8trlcted fund8 At 1 April 2023 At 31 March 2024 Income Expendlture Transfers General Income funds 214,519 77,818 (69,633) 222,704 At 1 Aprfl 2022 At 31 March 2023 Income Expenditure Transfers General Income funds 66,641 130,206 {49,189) 66,861 214,519 -24-
Bringing Hope Company Limited by Guarantse Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 20. Analysls of charitable funds (conllnued) Restricted funds At 1 April 2023 At 31 March 2024 Incorne Expenditure Transfers National Lottery Community Fund VvMPCC-Resettlement WMPCC-Violence Reduction Partnership Youth Endowment Fund 126,559 (126,559) 120,364 107.500 (120,364) (107,500) {354,423) 354,423 At 1 April 2022 At 31 March 2023 Income Expendtture Transfers National Lottery Communty Fund WMPCC-ResettleffEnt WMPCC-Violence Reduction Partnership Youth Endowment Fund 125,690 182,875 (125.690) (116,014) (66,861) 115,841 {115,841) 424,406 (357.545) (66,861) 21. Anaty81s of net assets between funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 324.118 324,118 (101.414) (101,414) 222,704 222.704 UnstrICted Total Funds Funds 2023 Current assets Creditors less than 1 year Net as8•ts 300,163 {85,644) 214,519 300,163 (85.644) 214,519 -25-
Brlnglng Hope Company Llmited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 22. Analysls of changes In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 225.390 98,729 324.119 23. Operatlng18ase ¢ommltments The total future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 4,500 48,000 60,000 64,500 48,000 24. Related partlos Ourlng the year the charity paid £959 to ID Security Systems Ltd for security related expenditure. (2023: £192) Dennis Storrod, is VIChaIr of trustees. -26-