Charity number: 1125559
Company number: 05477912 (England and Wales)
Hope House Project LTD
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 June 2021
Hope House Project LTD Contents Page For the year ended 30 June 2021
| Report of the Trustees | 1 |
|---|---|
| Statement of Financial Activities | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 4 to 7 |
| Detailed Statement of Financial Activities | 8 |
Hope House Project LTD Report of the Trustees For the year ended 30 June 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Hope House Project LTD Charity registration number 1125559 Company registration number 05477912 Principal address Hope House 35 Acregate Little Digmoor Skelmersdale WN8 9LX
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Tony Adegbenro Elaine Vieira Adebola Ogunmefun Bankers Lloyds TSB Bank Concourse Branch Skelmersdale PO Box 1000 BX1 1LT National Westminster Bank PLC Skelmersdale Branch 15 The Concourse Skelmersdale West Lancashire WN8 6LD
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 31 March 2022 Tony Adegbenro
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Hope House Project LTD Statement of Financial Activities (including Income and Expenditure account) For the year ended 30 June 2021
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Investments 4 Other income 5 Total Expenditure on: Raising funds 6 Charitable activities 7/8 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 45,646 30,563 - 11,639 87,848 ) (6,210 ) (70,376 ) (76,586 11,262 357,515 368,777 |
2020 £ 43,936 24,756 2 - 68,694 ) (1,287 ) (61,088 ) (62,375 6,319 351,196 357,515 |
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Registered Number : 05477912
Hope House Project LTD Statement of Financial Position As at 30 June 2021
| Notes Fixed assets Tangible assets 11 Investments Current assets 12 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 14 Total funds |
£ 2021 359,470 1,800 361,270 4,201 3,663 7,864 ) (357 7,507 368,777 368,777 368,777 368,777 |
£ 2020 344,995 1,800 346,795 2,225 9,248 11,473 ) (753 10,720 357,515 357,515 357,515 357,515 |
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For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Tony Adegbenro Trustee 31 March 2022
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Hope House Project LTD Notes to the Financial Statements For the year ended 30 June 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Hope House Project LTD meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received ncome earned from other activities Unrestricted funds Shop income Other activities for generating funds 1 nvestment income Bank interest receivable |
2021 £ 35,646 10,000 45,646 2021 £ 30,563 - 30,563 2021 £ - - |
2020 £ 28,259 15,677 43,936 2020 £ 23,505 1,251 24,756 2020 £ 2 2 |
|---|---|---|
3. Income earned from other activities
4. Investment income
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Hope House Project LTD Notes to the Financial Statements Continued For the year ended 30 June 2021
5. Other income
| Unrestricted funds Other income 1 6. Expenditure on other trading activities Unrestricted funds Shop costs 7. Costs of charitable activities by fund type Unrestricted funds Activity 1 8. Costs of charitable activities by activity type Activities undertaken directly Activity 1 9. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets |
2021 £ 11,639 11,639 2021 £ 6,210 6,210 2021 £ 70,376 2021 £ 70,376 2021 £ 6,210 |
2020 £ - - 2020 £ 1,287 1,287 2020 £ 61,088 2020 £ 61,088 2020 £ 1,287 |
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10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Hope House Project LTD Notes to the Financial Statements Continued For the year ended 30 June 2021
11. Tangible fixed assets
| Land and | Plant and | Motor | Fixtures and | Computer | ||
|---|---|---|---|---|---|---|
| Cost or valuation | Buildings | Machinery | Vehicles | Fittings | Equipment | Total |
| £ | £ | £ | £ | £ | £ | |
| At 01 July 2020 | 337,700 | - | - | 2,008 | 9,296 | 349,004 |
| Additions | - | 10,000 | 10,128 | 558 | - | 20,686 |
| At 30 June 2021 | 337,700 | 10,000 | 10,128 | 2,566 | 9,296 | 369,690 |
| Depreciation | ||||||
| At 01 July 2020 | - | - | - | 557 | 3,452 | 4,009 |
| Charge for year | - | - | 5,032 | 301 | 877 | 6,210 |
| At 30 June 2021 | - | - | 5,032 | 859 | 4,329 | 10,219 |
| Net book values | ||||||
| At 30 June 2021 | 337,700 | 10,000 | 5,096 | 1,708 | 4,967 | 359,471 |
| At 30 June 2020 | 337,700 | - | - | 1,451 | 5,844 | 344,995 |
12. Debtors
| Amounts due within one year: Other debtors 13. Creditors: amounts falling due within one year Other creditors 14. Movement in funds Unrestricted Funds General General |
Balance at 01/07/2020 £ 357,515 357,515 |
Incoming resources £ 87,848 87,848 |
2021 £ 4,201 4,201 2021 £ 357 357 Outgoing resources £ ) (76,586 ) (76,586 |
2020 £ 2,225 2,225 2020 £ 753 753 Balance at 30/06/2021 £ 368,777 368,777 |
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Hope House Project LTD Notes to the Financial Statements Continued For the year ended 30 June 2021
Unrestricted Funds - Previous year
| General General Analysis of net assets between funds Unrestricted funds General General Restricted funds Restricted Funds Previous year Unrestricted funds General General Restricted funds Restricted Funds |
Balance at 01/07/2019 Incoming resources Outgoing resources Balance at 30/06/2020 £ £ £ £ 351,196 68,694 ) (62,375 357,515 351,196 68,694 ) (62,375 357,515 Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 21,770 1,800 7,507 31,077 337,700 - - 337,700 359,470 1,800 7,507 368,777 Tangible fixed assets Investments Net current assets / (liabilities) Net Assets £ £ £ £ 7,295 1,800 10,720 19,815 337,700 - - 337,700 344,995 1,800 10,720 357,515 |
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15. Analysis of net assets between funds
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Hope House Project LTD Detailed Statement of Financial Activities For the year ended 30 June 2021
| INCOME AND ENDOWMENT Donations and legacies Pledges & Takings Grants receivable Other trading activities Hope Charity Shop Income from other activities for generating funds 1 Investments Bank interest receivable Other income Other income 1 Total incoming resources EXPENDITURE Other trading activities Shop costs Charitable activities Cost of direct charitable activity Total resources expended Net Income |
£ 2021 35,646 10,000 45,646 30,563 - 30,563 - - 11,639 11,639 87,848 ) (6,210 ) (6,210 ) (70,376 ) (70,376 ) (76,586 11,262 |
£ 2020 28,259 15,677 43,936 23,505 1,251 24,756 2 2 - - |
|---|---|---|
| 68,694 ) (1,287 ) (1,287 ) (61,088 ) (61,088 |
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| ) (62,375 6,319 |
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This page does not form part of the statutory financial statements