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2023-06-30-accounts

Unaudited Financial Statements Hope House Projects Fortheyearended 30 June 2023

Contents

8 May 2024 Page 2 of 11

Unaudited Financial Statements Hope House Projects

Directory

Hope House Projects For the year ended 30 June 2023

Trustees

Anthony Adegbenro Soji Arosanyin Elaine Vieira

Registered Office

Unit 77 Cariocca Business Park 2 Sawley Road Manchester M40 8BB England

Charity Registration Number

1125559

Accountants

Accounts Direct Limited Management Accountants 43-45 North Street, Manchester M8 8RE

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Unaudited Financial Statements Hope House Projects

Client Approval

Hope House Projects For the year ended 30 June 2023

In accordance with the engagement letter, I approve the financial information which comprises the Profit and Loss account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing Accounts Direct Limited with all information and explanations necessary for their compilation.

.................................................

Anthony Adegbenro Soji Arosanyin Elaine Vieira

8 May 2024

Principal Activities

The principal activities continued to be not-for-profit charitable activities.

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Unaudited Financial Statements Hope House Projects

Accountants' Report

Hope House Projects For the year ended 30 June 2023

In accordance with our terms of engagement, we have prepared for your approval the financial information of Hope House Projects for the period ended 30 June 2023 from the entity's accounting records and from information and explanations you have given us.

Accounts Direct Limited have approved the financial information for the period ended 30 June 2023 and have acknowledged responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.

Signature: S.Englander

Name: Steven Englander

On behalf of Accounts Direct Limited

43-45 Street, Manchester M8 8RE

8 May 2024

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Unaudited Financial Statements Hope House Projects

Profit and Loss

Hope House Projects

For the year ended 30 June 2023

Profit and Loss
Hope House Projects
For the year ended 30 June 2023		 Profit and Loss
Hope House Projects
For the year ended 30 June 2023
NOTES
2023
2022
Sales
Charity Income
126,496
80,567
Furlough income
-
2,105
Total Sales
126,496
82,672
Cost of Sales
Purchases
34,488
15,916
Total Cost of Sales
34,488
15,916
Gross Profit
92,007
66,756
Expenses
Establishment Expenses
Light, Power, Heating
1,766
1,332
Rent and rates
-
(320)
Repairs & Maintenance
1,498
210
Total Establishment Expenses
3,265
1,222
Staff Costs
Staff Training
-
13,715
Wages & Salaries
26,846
19,540
Total Staff Costs
26,846
33,255
Legal and Professional Fees
Audit & Accountancy Fees
-
672
Consulting
1,739
-
Total Legal and Professional Fees
1,739
672
Finance Charges
Bank Fees
56
-
Total Finance Charges
56
-
General Administration
Advertising & Marketing
4,154
1
Card charges
-
841
Depreciation Expense
3,870
4,865
Freight out, carriage, packing
-
4,043
General Expenses
-
293
Insurance
553
2,270
IT Software And Consumables
136
339
Motor Vehicle Expenses
473
838
PAYE
-
940
Petrol
1,944
2,323
Postage, Freight & Courier
22
6
Printing & Stationery
-
46

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Unaudited Financial Statements Hope House Projects

Profit and Loss

NOTES
2023
2022
Rent payable
-
18,399
Subscriptions
177
209
Telephone & Internet
465
1,236
Travel and subsistence
126
3
Water rates
780
401
Website & Hosting
-
661
Total General Administration
12,698
37,714
Interest Payable
Interest Paid
1,323
-
Total Interest Payable
1,323
-
Investments
Interest Income
29
-
Total Investments
29
-
Total Expenses
45,899
72,863
Net Profit (Loss)
46,109
(6,107)

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Unaudited Financial Statements Hope House Projects

Balance Sheet

Hope House Projects As at 30 June 2023

Balance Sheet
Hope House Projects
As at 30 June 2023
NOTES 30 JUN 2023 30 JUN 2022
Fixed Assets
Tangible assets 2 444,718 360,667
Total Fixed Assets 444,718 360,667
Current assets
Debtors - 455
Total Current assets - 455
Creditors: amounts falling due withinone year
Other creditors 16,285 2,653
Total Creditors: amounts falling due within one year 16,285 2,653
Net current assets (liabilities) (16,285) (2,198)
Total assets less current liabilities 428,433 358,469
Creditors: amounts falling due after more than one year
Bank loans and overdrafts 2,000 -
Total Creditors: amounts falling due after more than one year 2,000 -
Net Assets 426,433 358,469
Capital
Capital account 3 426,433 358,469
Total Capital 426,433 358,469

In approving these financial statements as directors of the company we hereby confirm the following: For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

  1. 1) The members have not required the company to obtain an audit of it's financial statements for the year ended 2023 in accordance with section 476 of the Companies Act 2006.

  2. 2) The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

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Unaudited Financial Statements Hope House Projects

Notes to the Financial Statements

Hope House Projects For the year ended 30 June 2023

1. Accounting Policies

Basis of preparing the financial statements

The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life.

Stocks and work in progress

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Intangible Assets

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight-line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Investments

Fixed asset investments are stated at cost less any provision for diminution in value.

Cash Flow Statement

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from producing a cash flow statement on the grounds that it is a small company.

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Unaudited Financial Statements Hope House Projects

Notes to the Financial Statements

2023
2022		 2023
2022		 2023
2022
2. Tangible Assets
Motor vehicles
Cost
Opening Balance
20,128
20,128
Total Cost
20,128
20,128
Depreciation
Opening Balance
(8,806)
(5,032)
Less Accumulated Depreciation On Motor Vehicles
(2,831)
(3,774)
Total Depreciation
(11,637)
(8,806)
Total Motor vehicles
8,492
11,322
Office equipment
Cost
Opening Balance
11,716
11,862
Computer Equipment
-
(745)
Office Equipment
-
599
Total Cost
11,716
11,716
Depreciation
Opening Balance
(5,534)
(5,188)
Less Accumulated Depreciation On Computer Equipment
(745)
-
Less Accumulated Depreciation On Fixtures & Fittings
(218)
(256)
Less Accumulated Depreciation On Office Equipment
(76)
(90)
Total Depreciation
(6,573)
(5,534)
Total Office equipment
5,144
6,183
Total Tangible Assets
13,635
17,505
2023
2022
3. Capital Account
Capital
Opening Balance
358,469
364,576
Current year earnings
46,109
(6,107)
Members' Loan Account
21,855
-
Total Capital
426,433
358,469
Total Capital Account
426,433
358,469

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Unaudited Financial Statements Hope House Projects

Depreciation Schedule

Hope House Projects For the year ended 30 June 2023

NAME COST OPENING VALUE PURCHASES DISPOSALS DEPRECIATION CLOSING VALUE
Computer Equipment
Computer Equipment 4,967 - 4,967 - 745 4,222
Total Computer Equipment 4,967 - 4,967 - 745 4,222
Fixtures & Fittings
Fixture & Fitting 1,452 - 1,452 - 218 1,234
Total Fixtures & Fittings 1,452 - 1,452 - 218 1,234
Motor Vehicles
Motor Vehicle 11,322 - 11,322 - 2,831 8,492
Total Motor Vehicles 11,322 - 11,322 - 2,831 8,492
Office Equipment
Office Equipment 509 - 509 - 76 433
Total Office Equipment 509 - 509 - 76 433
Total 18,250 - 18,250 - 3,870 14,380

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Unaudited Financial Statements Hope House Projects