HOPE HOUSE PROJECT LTD
(COMPANIES HOUSE REGISTRATION NUMBER[-][05477912)] (REGISTERED CHARITY NUMBER - 1125559)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025.
Content
Trustees’ Annual Report 2-5 Examinet's Report 6 Statement of Financial Activities 7 Balance Sheet 8 9-14 Notes to the Accounts . Statements Of Financial Activities Of Financial Activities Financial Activities Activities 15-16
Detailed Statements Of Financial Activities Of Financial Activities Financial Activities Activities
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Hope House Project Ltd Directors and Trustees Annual Report For The Year Ended 30 June 2025.
Companies House Registration Number - 05477912 Charity Number - 1125559
Charity's Full Name
Hope House Project Ltd.
Directors /Trustees
The following Directors/Trustees served during the year:
Mr. Adegbenro Anthony Oluwatoyin
Mts. Vieira Elaine
Principal Contact Address
Hope House
35 Acregate
Little Digmoor Skeimersdale West Lancashire WN8 9LX
Independent Examiner
Babatunde Mosaku
Lyncage Professional Services Office 10, Syac Building 120, The Wicker Sheffield, $3 8JD
Governing Document
Hope House Project is registered with Charity Number 1125559 and with Companies House with registered number was registered 05477912. it is governed by Memorandum and Articles Of Association Incorporated 10 June, 2006 As Amended By Special Resolution 22 September 2006 and 16 August 2008.
Organisation and Management
‘he Overall Management of the Charity is the responsibility of the director/trustees who are elected under the terms
of the governing document. Day to day project activity of the charity is managed and carried out by staff and volunteers.
Hope House Project Ltd Directors and Trustees Annual Report (Contd.) For The Year Ended 30 June 2025.
Charity Aims and Objectives
The principal aims & objectives of the charity are:
1.) General Charitable Purposes
2.) Education/‘Training
3.) Amateur Sport
4.) Economic/Community Development/Employment.
5.) Other Charitable Purposes.
A.) To advance education with sound principles by such means as the director/trustees may consider appropriate icluding establishing kids club, youth club, after school club, providing supplementary education in West Lancashire and in such other parts of the United Kingdom or the world as the trustees of the charity (ITerein called the " Director/‘I'rustees") may from time to time think fit.
B.) To Relieve persons who ate in conditions of need or hardship or homeless and to relieve the distress caused thereby in West Lancashire and in such other parts of the United Kingdom or the world as the directors/trustees may from time to time think fit.
C.) To promote and fulfil such other charitable purposes including, assistingin rehabilitationof youth offenders, beneficial to the community in West Lancashire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
RESERVES POLICY
The Trustees review the Reserves policy of the charity annually. The review encompasses the nature of the income and expenditure streams. The Trustee's policy is generally to maintain reserves at a low level and to apply charities income to funding its activities. In the light of the income generated, the trustees considered that the balance of the Unresticted funds was reasonable.
Principal funding sources
The church members continue to be the main source of income in form of donations and gifts given to the church. Gift Aid is claimed income from donors who fit criteria. During the fiscal year, post pandemic, there was a noticeable increase in revenue as funding contributions from members increased.
Hope House Project Ltd Directors and Trustees Annual Report (Contd.) For The Year Ended 30 June 2025.
FUTURE PLANS
We are looking at refurbishing our site, as this will give us the opportunity to influence the community by providing a range of services, which are currently inadequate in the area. ‘The proposed building will enable us to provide better facilities to church members and draw in potential members.
‘The Church is looking to grow and develop its members into agents of change in their communities and nation at large. We are continually exploring various ways to reach out to the community and spread the gospel of Christ. We also aim to increase our relevance to the community by investing time, energy and resources into activities and programmes which prevent and reduce homelessness, youth crime and depression in people.
Governing Document
Hope House Project is registered with Charity Number 1125559 and with Companies [louse with registered number was registered 05477912. itis governed by Memorandum and Articles Of Association Incorporated 10 June, 2006 As Amended By Special Resolution 22 September 2006 and 16 August 2008.
Requirement and Appointments of new Trustees
The management of the church is the responsibility of the Directors/Trustees who are elected and co-opted under the terms of the Trust Deed. New trustees may be recommended by the Pastor and appointed by the trustees.The pastor is usually given the responsibility of recommending new Directos/Trustees. New trustees are selected on the basis of the contribution that they will make to the governance of the organisation and skills they will contribute.
Organisational Structure
The Church (Charity) is run by a team of Directors/ Trustees who meet regularly with the Senior Pastor and Church representative(s) to manage its affairs. The board of trustees is responsible for the smooth running of the church organisation. ‘he board delegates the day to day runing of the church to the pastoral council who pass on instructions to church departments and the church office.
Induction and Training of New Directors/Trustees
New Directors/Trustees once appointed are given a ‘I'rusteeship pack by the chairman which spells out their duties and responsibilitics. ‘I'he Chairman would usually also inform new Trustees of some aspects of the role. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Going Concern
After making appropriate enquiries, the directos/trustees have reasonable expectation that the charity has adequate resources to continue operations for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Related Parties
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No related party.
FINANCIAL REVIEW
Incoming resources during the period totalled £122,495 (2024 - £161,686) which is 24% reduction in income compared to last year. This can be traced to decrease in shop income among other items.
Statements of Trustees' Responsibilities in relation to the Financial Statements
The Charity Trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Hope House Project Ltd Directors and Trustees Annual Report (Contd.) For The Year Ended 30 June 2025.
The law applicable to charities requires the charity trustees to prepare the financial statements which gives a true and fair view of the state
of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Ubserve the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent state whether applicable UK accounting standards have been followed;
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Subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in
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business
The Directors/Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial nosition of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure of information to auditor
So far as the trastees are aware, there is no relevant audit information of which the charity's auditors/independent examiners are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the charity's auditors/independent examiners are aware of that information.
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Signed On Behalf Of The Charity Directos/Trustees
ANTHONY, OLuAtolW£Y repl e f PPEGBHRO= ~ DiRECTOR/) 5 a a :
Nam \ Y iL / Position * n ~
signed Position
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Hope House Project Ltd Independent Examiner's Report On The Accounts. For The Year Ended 30 June 2025.
I report on the accounts of House Of Hope Ltd.
set out on pages 8 - 20
Respective responsibilities of the Trustee and the Examiner
It is the responsibility of the trustees to maintain proper books and records and prepare accounts.The provisions of the trust deed require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. 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.
It is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in this General Directions given by the Charity Commissioner (ander Section 145(5)(b) of the 2011 Act;
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to state whether particular matters have come to my attention.
Basis of the Independent Examiners report
My examination was carried out in accordance with the general direction given by the Charity commission. An examination includes the review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in any audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiners Statement
In connection with my examination, no matter has come to my attention ;
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep appropriate accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Signed: Babatunde Mosaku é .
For & On Behalf of:
Lyncage Professional Services
Syac Building
120, The Wicker
Sheffield, $3 8JD ‘
ate
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Hope House Project Ltd
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Statement of Financial Activities For The Year Ended 30 June 2025.
| Hope House Project Ltd Statement of FinancialFinancial Activities |
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|---|---|---|---|---|
| For The Year EndedThe Year EndedYear EndedEnded 30 JuneJune 2025. | Unrestricted | |||
| Funds | 2025 | 2024 | ||
| Notes | b | Lb | L | |
| Income and Endowments | ||||
| From: | ||||
| Donations and Legacies | 2 | 87,828 | 87,828 | 161,631 |
| HMRC Grants andOther Income | 34,667 | 34,607 | 55 | |
| Totalincoming resources | 122,495 | 122,495 | 161,686 | |
| Expenditure On: | ||||
| Charitable activities | 3 | 17,541 | 17,541 | 91,695 |
| Others | 4 | 63,680 | 63,680 | 89,436 |
| Totalresources expended | 81,222 | 81,222 | 181,131 | |
| Net gains on investment | = | = | 2 | |
| Netexpenditure | 41,273 | 41,273 | (19,445) | |
| Net expenditure before othergains/(losses) | 41,273 | 41,273 | (19,445) | |
| Other gains and losses | ||||
| Netmovement in funds | 41,273 | 41,273 | (19,445) | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 19,445 | 19,445 | - | |
| Totalfundscarriedforward | 21,828 | 21,828 | (19,445) |
Hope House Project Ltd Balance Sheet As At 30 June 2025.
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|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|b|
|Fixed|Assets|
|‘Tangible|assets|1|349.240|350.12"|
|Current Assets|
|Debtors|8|61.885|61,885|
|Cash|at bank &|in|hand|2.393|95,819|
|04,278|157,704|
|Creditors Amount Falling|due within One year|9|(48,814)|(669,25)|
|Net|Current|Assets/ (Liabilities)|45,465|98,454|
|otal Assets|less|Current Liabilities|564,704|448,583|
|Creditors: Amounts|Falling due|after more|than|one year|(06)|(ve|
|Met Assets|364.704|448,583|
|Represented by|
|Accumulated|Fund|
|Restricted|fund:|
|Unrestricted|funds|21,828|19,445|
|Members|Loan Account|23,151|23,154|
|eserves|10|319,725|444,877|
|Total|funds|364,704|448,583|
|The Trustees|declare|that they have|approved|the|accounts|above|
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(ASigned On Beh:j as Chagity Trustees Al sjPOyRaf 20>
Signed Date ;
fiw (Havxy OLUW AETOY FDECBAVRO DRE CoE:
Name Position
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Hope House Project Ltd Notes to the Account For The Year Ended 30 June 2025.
11.) Accounting Policies
Basis of preparing the financial statements
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 2019 and the Financial Reporting Standard in the United Kingdom and Republic of Ireland and the Charities Act 2011.
Changes in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to account for previous years.
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|Fund|accounting|
|Unrestricted|funds:|
|These|are|available|for use|at|the|discretion|of the|trustees|in|furtherance|of the|general|objects|of the|charity.|
|Designated|funds:|
|These|are|unrestricted|funds|earmarked by|the|trustees|for|particular|purposes.|
|Revaluation|funds:|
|‘These|are|unrestricted|funds|which|include|a|revaluation|reserve|representing the|restatement|of investment|assets|at|their market|value.|
|Restricted|funds:|
|These|are|available|for|use|subject|to|restrictions|imposed|by|the|donor|or|through|terms|of an|appeal.|
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Income
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Recognition|of income:|
|Income|is|included|in|the|Statement|of Finaancial|Activities|(GoFA)|when|the|charity becomes|entitled|to,|and|virtually|certain|to|receive|
|the|income|and|the|amount|of the income|can|be measured|with|sufficient|reliability.|
|Income with|related|expenditure:|
|Where income|has|related|expenditure|the income|and|related|expenditure|is|reported|gross|in|the|SoFA.|
|Donations|and|legacies:|
|Voluntary|income|received|by way|of grants,|donations|and|gifts|is|included|in|the|SoFA when|receivable|and|only when|the|Charity|has|
|unconditional|entitlement|to|the|income|
|Tax|reclaims|on|donations|and|gifts:|
|Income|from|tax|reclaims|is|includedin|the|SoF'A|at|the|same|time|as|the|gift/donation|to which|it|relates.|
|Donated|services|and|facilities:|
|These|are|only|included|in income|(with|an|equivalent|amount|in|expenditure where|the benefit|to|the|Charity|is|reasonably|quantifiable|
|measurable|and|material.|;|
|Volunteer|help:|
|The|value|of any|volunteer help|received|is|not included|in|the|accounts.|
|Investment|income:|
|This|is|included|in|the|account|when|receivable.|
|Gains/ (losses)|on|revaluation|of fixed|assets:|
|This|includes|any|gain|or|loss|resulting|from|revaluing investments|to market valus|at the|end|of the|year.|
|Gains/ (losses)|on|investment|assets:|
|This|includes|any gain|or loss|on|the|sale|of investments.|
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Expenditures
Recognition of expenditure:
Expenditure is recognised on an accrual basis. Expenditure includes any VA'T which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Hope House Project Ltd
Notes to the Account For The Year Ended 30 June 2025.
Expenditure on raising funds: These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs Expenditue on charitable activities: ‘These comprises cost incurred by the charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.
Grants Payable: All grants expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs: ‘These include those costs associated with meeting the constitutional and statutory requirements of the charity, including any audit/ independent examination fees, costs linked to the strategic management of the charity, together with a share of other administrative costs. Other expenditure: These are support costs not allocated to a particular activity. Taxation ‘The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation: Depreciation is provided at the following annual rates in order to write off cach asset over its estimated useful life:
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|---|---|---|
|Leasehold Property|2%|
|Plant and Machinery|10%|
|Computer Equipments|10%|
|Fixtures|and Fittings|10%|
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Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments arc valued at the amount prepaid net of any trade discounts duc.
Cash and cash equivalents:
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdraft. In the statements of financial position, bank overdrafts are shown within borrowings or current abilities. In the Statement of Cash Flows, Cash and Cash Equivalents are shown net of bank overdrafts that are payable on demand and form an integral part of the company's cash management.
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Trade and other creditors: Short term creditors ate measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount duc to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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Hope House Project Ltd Notes to the Account For The Year Ended 30 June 2025.
Leased assets:
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. ‘The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant tate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a staight-line basis over the lease term. In the event that lease incentives are reccived to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs:
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. ‘The assets of the plan are held separately from the charity in independently administeted funds.
| Going concern: The trustees assesswhether theuseofgoing concern isappropriate, that iswhether there areanymaterialuncertainties thatmaycast doubtonthe abilityofthecharitytocontinue asagoingconcern.Thetrusteesmakethisassessmentinrespectofaperiodofoneyeat |
Going concern: The trustees assesswhether theuseofgoing concern isappropriate, that iswhether there areanymaterialuncertainties thatmaycast doubtonthe abilityofthecharitytocontinue asagoingconcern.Thetrusteesmakethisassessmentinrespectofaperiodofoneyeat |
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|---|---|---|
| from the date ofapproval ofthe financial statements. ‘Vhe trustees are satisfied that atthedateofapprovalofthe financial statements, thecharity has sufficientresources tocontinue goingconcernandtherearenomaterialuncertainties castingdoubtontheabilityofthecharitytocontinueasagoing concern |
continue as a going concern forat |
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| leastoneyear. Unrestricted |
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| 2.IncomeandEndowmentsfrom: Funds £ |
2025 £ |
2024 £ |
| DonationsandLegacies 87,828 87,828 |
87,828 87,828 |
161,631 161,631 |
| HMRC Grants and OtherIncome GiftAid -HMRC 7,415 - , |
7,415 - |
- - |
| Food Bank Sales Otherincome 1,150 |
1,150 | 55 |
| Shopincome 26,101 34,667 |
26,101 34,667 |
- 55 |
n
Hope House Project Ltd Notes to the Account For The Year Ended 30 June 2025.
| 3. Expenditure on charitable activities | Unrestricted | |||
|---|---|---|---|---|
| Funds | 2025 | 2024 | ||
| é | £ | & | ||
| Expenditure on charitable activities | ||||
| Gifts | 10,017 | 10,017 | - | |
| Direct Cost | 4,248 | 4,248 | 90,749 | |
| IF'DMS Fees Expense | 1,360 | 1,360 | 564 | |
| Honourarium | - | x | 7 | |
| Advert& Marketing | 1,826 | 1,826 | 22 | |
| Ministry Expenses | 45 | 45 | 300 | |
| IT Software& Consumables | 45 | 45 | 60 | |
| 17,541 | 17,541 | 91,695 | ||
| 4. Other expenditures | Unrestricted | |||
| Funds | 2025 | 2024 | ||
| & | & | & | ||
| Employee costs | 24,956 | 24,956 | 33,474 | |
| Motor and tavel costs | 2,444 | 2,444 | 5,463 | |
| Premises costs | 26,872 | 26,872 | 30,766 | |
| Amottisation, depreciation, impairment, profit/loss on disposal offixed assets | 3,439 | 3,439 | 3,006 | |
| General administrative costs | 5,710 | 5,710 | 7,348 | |
| Legal and professional costs | _ | 260 | 260 | 9,379 |
| 63,680 | 63,680 | 89,436 | ||
| 5. Net expenditures before transfers | 2025 | 2024 | ||
| This is stated after charging: | b | bj | ||
| Depreciation ofowned fixed asscts | 3,439 | 3,006 | ||
| 6. Staff costs | ||||
| Salaries and wages | 24,956 | 33,542 | ||
| Social security costs | - | 68 | ||
| Pension costs | - | “2 | ||
| 24,956 | 33,610 |
Hope House Project Ltd Notes to the Account (Cont.) For The Year Ended 30 June 2025.
The average monthly number of full time equivalent employees during the year was as follows:
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Number | Number | ||||||
| Administration and management | 2 | 2 | |||||
| The charity is enrolled in NestPension Scheme for allemployees in line with the UnitedKingdom | Kingdom law. | ||||||
| 7.Tangible FixedAssets Cost |
Landand Building £ |
Motor Vehicles £ |
Fixturesand fittings £ |
Computer Equipment Fj |
Totals £ |
||
| As at 1 July 2024. | 339,500 | 20,128 | 2,566 | 9,150 | 371,344 | ||
| Additions | - | - | “ | 2,550 | 2,550 | ||
| Disposal | - | ||||||
| As at30June 2025. | 339,500 | 20,128 | 2,566 | 11,700 | 373,894 | ||
| Depreciation | Sb | L | L | Pa | b | ||
| As at 1 July 2024. | - | 13,759 | 1,518 | 5,938 | 21,215 | ||
| Depreciation charge for thisperiod | - | 2,013 | 257 | 1,170 | 3,439 | ||
| Disposal | i | __ | - | ||||
| As at30June 2025. | - | 15,772 | 1,775 | 7,108 | 24,654 | ||
| Net Book Value | |||||||
| As at30June 2025. | 339,500 | 4,356 | 791 | 4,592 | 349,240 | ||
| As at30June2024. | 339,500 | 6,369 | 1,048 | 3,212 | 350,129 | ||
| 8. Debtors | |||||||
| 2025 | 2024 | ||||||
| & | & | ||||||
| Other debtors | - | - | |||||
| Prepayments and accruedincome | - | - | |||||
| / | |||||||
| 9. Creditors: | |||||||
| Amounts fallingduewithinoneyear | _ | 2025 | 2024 | ||||
| £ | & | ||||||
| PAYE&NIC Payable | - | (115) | |||||
| Wages Payable - Payroll | - | 59,365 | |||||
| - | 59,250 |
Hope House Project Ltd Notes to the Account (Cont.) For The Year Ended 30 June 2025.
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|10. Movement in funds|As|at|1 July|Incoming|Resources|
|2024|resources|expended|As|at|30 June|2025|
|Restricted|funds:|Ln|S|LS|b£|
|Unrestricted|funds:|
|General|funds|278,452|122,495|(81,222)|319,725|
|Revaluation|reserves|=|
|Total funds|278,452|122,495|(81,222)|319,725|
|Unrestricted|
|11.|Analysis|of net|assets|between|funds|funds|Total|
|Amounts|falling|due|within|one year|
|&|&|
|Fixed|assets|349,240|349,240|
|Net|current|assets|15,465 15,465|
|364,704|364,704|
|12.|Commitments|
|There|are|no|annual|commitments|under non-cancellation|operating|leases|during the|period:|
|Pension|commitments|
|2025|2024|
|&|&|
|The pension|cost charge|to|the|charity amounted|to|ne|eee:|ee|
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- Contingents Liabilities There are no contingent liabilities for the year ended 30 June 2025.
14. Related Party Disclosures
There are no related party transactions for the year ended 30 June 2025.
15. Ultimate Controlling Party.
There is no ultimate controlling party in the charity.
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Hope House Project Ltd Detailed Statement Of Financial Activities. For The Year Ended 30 June 2025.
| Hope House Project Ltd Detailed Statement Of FinancialFinancial Activities. |
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|---|---|---|---|---|
| For The Year EndedThe Year EndedYear EndedEnded 30 JuneJune 2025. | Unrestricted | |||
| Funds | 2025 | 2024 | ||
| & | 4 | 4 | ||
| A.) Income andEndowments from: | ||||
| Donations and Legacies | 87,828 | 87,828 | 161,631 | |
| 87,828 | 87,828 | 161,631 | ||
| B.). HMRC Grants and OtherIncome | ||||
| GiftAid -HMRC | 7,415 | 7,415 | - | |
| Food Bank Sales | - | - | - | |
| Otherincome | 1,150 | 1,150 | 55 | |
| Shop income | 26,101 | 26,101 | = | |
| 34,667 | 34,667 | 55 | ||
| Totalincoming resources | 122,495 | 122,495 | 161,686 | |
| C.) Expenditure On: | ||||
| Charitable activities | ||||
| Charitable Donation | 10,017 | 10,017 | - | |
| Charity shop expenses | 4,248 | 4,248 | 90,749 | |
| FDMS Fees Expense | 1,360 | 1,360 | 564 | |
| Honouraritum | - | - | - | |
| Adevertising& Marketing | 1,826 | 1,826 | 22 | |
| Ministry Expenses | 45 | 45 | 300 | |
| IT Software and Consumables | 45 | 45 | 60 | |
| _ | ||||
| Total ofexpenditure on charitable activities | 17,541 | 17,541 | 91,695 | |
| E.) Employee Costs | ||||
| Salaries andwages | 24,956 | 24,956 | 33,542 | |
| Employer'sNIC | - | - | (68) | |
| Pension costs | - | - | - | |
| Staffrecruitment | - | - | - | |
| ; | ||||
| 24,956 | 24,956 | 33,474 | ||
| F.) Motor and travel costs | £ | L | L | |
| Vehicles - General costs | 450 | 450 | 2,687 | |
| Travel and Subsistence | 1,993 | 1,993 | «2776 | |
| 2,444 | 2,444 | 5,463 | ||
| G.) Premises costs | ||||
| Training& Development | 1,744 | 1,744 | - | |
| Rent and Rates | 19,786 | 19,786 | 3,142 | |
| Light, heat andpower | 10 | 10 | 3,040 | |
| Premises cleaning | - | - | - | |
| Premises insurance | 2,904 | 2,904 | 2,153 | |
| Premises repairs andmaintenance | 2,428 | 2,428 | 22,431 | |
| Security | __ | - | - | |
| 26,872 | 26,872 | 30,766 |
==> picture [497 x 339] intentionally omitted <==
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||||||||
|---|---|---|---|---|---|---|
|Hope|House|Project|Ltd|
|Detailed|Statement|Of Financial|Activities.|
|For The Year Ended 30 June|2025.|Unrestricted|
|Funds|2025|2024|
|H.)|General|administrative|costs,|
|including|depreciation|and|amortisation:|-|
|Depreciation|of Land and|Building|-|-|=|
|Depreciation|of|Plant and Machinery|2,013|2,013|-|
|Depreciation|of Computer Equipments|1,170|1,170|3,006|
|Depreciation|of Fixtures and|Fittings|257|257|-|
|Bank charges|1,581|1,581|2,891|
|Stationery and printing|ay)|53|590|
|Subscriptions|378|378|211|
|Sundry|expenses|3,080|3,080|3,013|
|Telephone,|fax and broadband|997|997|455|
|Website &|I|losting|-||=|188|
|9,528|9,528|10,354|
|1.)|Legal and|professional|costs|
|Audit/Independent examination|fees|110|110|584|
|Other legal and professional|costs|150|150|;|8,795|
|Total|of expenditure|of other|costs|260|260|9,379|
|Total|of expenditure|81,600|81,600|181,131|
|Net|gains|on|investments||
|Net expenditure before|other gains|and losses|40,895|40,895|(19,445)|
|Net movement in funds|40,895|40,895|(19,445)|
----- End of picture text -----
I.) Prior Year Adjustment
The trustees noted that an error identified during the year in the financial statements for the year ending 30 June 2024; in which the bank balance and related income was overstated by £90,000:00 (Ninety Thousand Pounds). The correction reduces cash, income and unrestricted reserves by £90,000:00 with no impact on charitable expenditure or restricted funds.
Total & Reserve As at 30 June 2024. 368,452 Reserve Adjustment 90,000) 278,452