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 1 of 8 ## 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**| |---|---|---| 2 of 8 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**| |---|---|---| 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. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - 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 3 of 8 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** 4 of 8 ## 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| |---|---|---| ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. 5 of 8 ## 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**| |---|---|---|---|---| 6 of 8 ## 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**| |---|---| ## **15. Analysis of net assets between funds** 7 of 8 ## 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**| |||**)**
**(62,375**
**6,319**| 8 of 8 This page does not form part of the statutory financial statements