2024-04-05-accounts - Hope Through Action

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Registered Company Number: 06552033 (England and Wales)

HOPE THROUGH ACTION (A Company Limited by Guarantee)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Contents to Financial Statements For the Year Ended 5 April 2024

	Page
Company Information	1
Trustees’ Report	2 - 4
Independent Examiner’s Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8 - 13

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Company Information For the Year Ended 5 April 2024

TRUSTEES:	P J Bland
	P R Thompson
	S Randall
	J H Erasmus
SECRETARY:	Oakwood Corporate Secretary Limited
REGISTERED OFFICE:	15 Grassfield Way
	Knutsford
	Cheshire
	WA16 9AF
CHARITY NUMBER:	1125698
REGISTERED NUMBER:	06552033
ACCOUNTANTS:	RSM UK Tax and Accounting Limited
	One City Place
	Queens Road
	Chester
	Cheshire
	CH1 3BQ
INDEPENDENT EXAMINER:	RSM UK Tax and Accounting Limited
	Davidson House
	Forbury Square
	Reading
	RG1 3EU
BANKERS:	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	West Malling
	Kent
	ME19 4JQ

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Trustees’ Report for the Year Ended 5 April 2024

The Trustees submit their report and unaudited financial statements for the year ended 5 April 2024.

Legal and administrative information set out on page 1 forms part of this report.

Trustees

The Trustees who served during the year and to the date of this report were:

P J Bland P R Thompson S Randall J H Erasmus

Structure, Governance and Management

The organisation is a charitable company limited by guarantee (06552033), incorporated on 1 April 2008 and registered as a charity (1125698) on 3 September 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The day to day running of the charity is managed by the trustees.

Recruitment and Appointment

The directors of the company are also charity trustees for the purposes of charity law. Trustees are appointed by a resolution of the trustees passed at a special meeting. The minimum number of trustees is 3. Trustees are skilled to carry out their duties and responsibilities. If, however, further training is required then it will be provided.

Principal Objectives and Activities of the Charity

The company’s objects and principal activities are:

Through advancing education, relieving poverty and sickness and preserving and protecting the good health of people in Africa (and in particular, but not exclusively, in South Africa).
Advancing in life and relieving the needs of young people by:
Providing an indoor stadium(s) and playing fields primarily (although not exclusively) to help enable young people in the area of benefit to break out of the cycle of poverty, ill health, crime, drug abuse and marginalisation.
The provision of other recreational and leisure time activities provided in the interests of social welfare, designed to improve their conditions of life.
Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

Public benefit

The trustees confirm that they have referred to the guidance contained in the charity commission’s general guidance in public benefit when reviewing the trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.

Grant making policy

Grants will only be made from the funds of Hope Through Action (HTA) to organisations whose objectives align with those of HTA;
Occasionally it will be appropriate to make grants to individuals for specific project/activities. Any such grants will only be paid into recognised bank accounts and for defined purposes;
Grants will not be made to political parties or to individuals for political purposes;
Wherever possible feedback should be requested and provided from the recipient to demonstrate, evidentially, the outcomes achieved against those agreed prior to the grant being made.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Trustees’ Report for the Year Ended 5 April 2024

Achievements and Performance

In this period the charity has raised a total of £142,151 (2023: £112,800) and has expenses amounting to £106,158 (2023: £177,251), of which £93,816 (2023: £166,433) was granted to the Hope Through Action Foundation (SA) a Section 21 company based in South Africa. A formal Memorandum of Understanding has been established between the charity and the foundation in South Africa. This South African based organisation is the legal owner of facilities built in order to achieve the objectives of the charity.

The grants made towards the work in South Africa have enabled significant progress to be made in bringing about positive change in the lives of young people and their community.

The foundation in South Africa now operates, either directly or via partners, three community sports centres, two schools and a Learning Development Centre. The communities in which the charity have the privilege of working are becoming increasingly violent and unsafe places for children and young people. The centres are safe havens for young people to develop and grow.

The charity is conscious of its responsibilities to protect the children and young people with whom the charity, and partners, work. The charity has therefore continued to review its safeguarding policies and procedures and those of its key partners.

The Trustees of the foundation in South Africa continue to work with SCORE (Sports Coaching Outreach) as a local partner to run the centres and deliver the six key programmes i.e. health, welfare, education, leadership, business development and sports excellence. Programmes in the centres are aimed at helping young people develop physically, emotionally, intellectually and spiritually.

The programmes being delivered have now a major focus on education and the @HomeLearning initiative, in partnership with Western Cape Government, continues to have a positive impact across many schools in the greater Winelands area.

The boards of both Hope Through Action and The Hope Through Action Foundation (SA) have spent time reviewing and revising the mission, objectives and impact areas to ensure that they are aligned to community needs and challenges These are now agreed to be –

Our Mission:

Our MISSION is to empower children and young people to develop and realise their potential through sport and education

Our Impact Goals:

Create safe spaces for participation in sports and recreation
Provide sustainable learning pathways for children and youth
Reduce youth unemployment

Our Objectives:

To improve fitness and wellbeing through participation in physical activity, sport and recreation
To support children and young people to understand how to make positive life choices and challenge barriers to their personal development.
To inspire positive attitudes towards education and increase learner engagement
To equip young people to become more employable, finding decent work and financial independence
To engage parents and community stakeholders in children's and young people's education and development.

The grants made from Hope Through Action have ensured that the objectives of the charity continue to be met.

There are both common and independent trustees in these two organisations to ensure appropriate governance and risk management.

The Trustees wish to recognise the contribution made by volunteers in helping to achieve the charities objectives.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Trustees’ Report for the Year Ended 5 April 2024

Financial Review

There was net income for the year of £36,037 (2023: £64,406 net expenditure) with retained funds of £48,397 (2023: £12,324) at the year end. The cash at bank and in hand figure has increased at year end to £54,457 (2023: £17,581). The creditors balance of £6,060 (2023: £5,257) represents accrued accountancy and independent examination fees not yet paid.

Risk Management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The main risk to the charity would be a reduction in donations received.

Reserves Policy

The trustees consider that the most appropriate level of free reserves in the long term is £5,000. The reserves held at the balance sheet date are sufficient at present to enable the charity to achieve its objectives.

Charity’s Future Developments

The focus for the Trustees in the next period is to secure sufficient funds to sustain the long term operation of the South African activities and to allow the local team to respond to new challenges and community needs. It is not envisaged that there will be the requirement for significant capital funding as the approach is to concentrate on building effective development programmes at the existing facilities.

Trustees’ Responsibilities

The trustees (who are also directors of Hope Through Action for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

These accounts are prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

ON BEHALF OF THE BOARD

Phil Bland

P J Bland Date: …………………… 19/12/24

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOPE THROUGH ACTION

I report to the trustees on my examination of the financial statements of Hope Through Action (‘the company’) for the year ended 5 April 2024, which are set out on pages 6 to 13.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102).

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.

Kerry Gallagher

Name: Kerry Gallagher FCA DchA

Name of applicable listed body: The Institute of Chartered Accountants in England and Wales

Relevant professional qualification or body: Chartered Accountant

ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED

Chartered Accountants Davidson House Forbury Square Reading RG1 3EU

Date: …………………20/12/24

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 5 April 2024

		Unrestricted Restricted	Unrestricted Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2024	2024	2024	2023
	Notes	£	£	£	£
INCOME AND ENDOWMENTS:
Donations and legacies	3	125,195	16,956	142,151	112,800
Investment Income		80	-	80	45
		__	__	__	__
TOTAL INCOME		125,275	16,956	142,231	112,845
		__	__	__	__
EXPENDITURE
Charitable activities	4	89,138	17,020	106,158	177,251
		__	__	__	__
TOTAL EXPENDITURE		89,138	17,020	106,158	177,251
		__	__	__	__
NET INCOME/(EXPENDITURE)		36,137	(64)	36,037	(64,406)
BEFORE TRANSFERS
Transfers		-	-	-	-
		__	__	__	__
NET MOVEMENT IN FUNDS
FOR THE YEAR		36,137	(64)	36,037	(64,406)
TOTAL FUNDS BROUGHT FORWARD		12,021	303	12,324	76,730
		__	__	__	__
TOTAL FUNDS CARRIED
FORWARD	11	48,158	239	48,397	12,324
		=======	=======	=======	=======

HOPE THROUGH ACTION

(A Company Limited by Guarantee)

Balance Sheet as at 5 April 2024

Registered Number: 06552033 (England and Wales)

			2024		2023
	Notes	£	£	£	£
Current Assets
Cash at bank and in hand		54,457		17,581
		__		__
Total current assets		54,457		17,581
Creditors:Amounts falling due within
one year	10	(6,060)		(5,257)
		__		__
Net Current Assets			48,397		12,324
			__		__
Total Assets Less Current Liabilities			48,397		12,324
			__		__
CHARITABLE FUNDS
Restricted Funds	11		239		303
Unrestricted Funds	11		48,158		12,021
			__		__
TOTAL FUNDS			48,397		12,324
			=======		=======

For the year ended 5 April 2024 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 financial statements for the year ended 5 April 2023 in accordance with Section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These accounts are prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

19/12/24

The financial statements were approved by the Trustees and authorised for issue on ………………… and were signed on their behalf by:

Phil Bland

……………………………………………….

P J Bland Director

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

1. Accounting Policies

The following accounting policies have been applied consistently regarding items considered material to the accounts.

a) Company information

Hope Through Action is a charitable company limited by guarantee incorporated in England and Wales. The registered office is 15 Grassfield Way, Knutsford, Cheshire, WA16 9AF.

b) Accounting convention

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Hope Through Action meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

c) Going concern basis of preparation

The Trustees have considered transactions that are anticipated to take place in the foreseeable future and have concluded that no additional financial resources will be required. On this basis the Trustees have concluded that adopting the going concern basis of accounting in preparing the annual financial statements is appropriate. The Trustees will only commit to expenditure when the funds are available to do so.

d) Incoming resources

Donations

Donations are credited to the statement of financial activities once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value can be measured with sufficient reliability. Income from events are credited to the statement of financial activities at the time the event takes place and income is certain.

Interest receivable

Interest received is credited to the statement of financial activities when received.

HOPE THROUGH ACTION

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

1. Accounting Policies – continued

e) Resources expended

Resources expended are included in the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Expenditure on charitable activities includes grants made and a proportion of overhead and support costs.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity. Grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Charity.

Governance costs are related to the governance of the charity, such as trustees’ expenses and independent examination fees.

f) Fund accounting

Funds held by the charity are either:

Unrestricted funds which can be used in accordance with the charitable objectives at the

discretion of the trustees;

Restricted funds which can only be used for a particular restricted purpose within the
charitable objectives. The nature and purpose of each restricted fund is included in note 12 to the financial statements.

g) Foreign currencies

Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the statement of financial activities.

h) Donations in Kind

The charity received support from many organisations throughout the year. The trustees believe that the value of this support is not quantifiable and measurable or material to disclose within the accounts.

i) Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102, in full, to all of its financial instruments.

Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument and are offset only when the Charity currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

j) Financial assets

Other debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

k) Financial liabilities

Financial instruments are classified as liabilities according to the substance of the contractual arrangements entered into.

Creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

2. Critical accounting estimates and judgements

The trustees believe that estimates and assumptions do not have a significant risk of causing a material difference to the carrying amounts of assets and liabilities within the next financial year.

3. Donations and legacies

3. Donations and legacies
	Unrestricted Restricted		Total	Total
	Funds	Funds	2024	2023
	£	£	£	£
Donations	116,881	16,659	133,540	96,926
Gift aid	8,314	297	8,611	15,874
	__	__	__	__
	125,195	16,956	142,151	112,800
	=======	=======	=======	=======

Of the £112,800 received in 2023 £11,880 was restricted and £100,920 was unrestricted.

4. Analysis of expenditure on charitable activities

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2024	2023
	£	£	£	£
Charitable Activities:
Grants Payable	84,113	13,960	98,073	170,014
Support Costs	1,502	3,060	4,562	3,623
Governance Costs	3,523	-	3,523	3,614
	_	__	__	__
	89,138	17,020	106,158	177,251
	=======	=======	=======	=======

The charity undertakes its charitable activities through making all grants to Hope Through Action Foundation, a Section 21 charitable company registered in South Africa.

Of the £177,251 expensed in 2023 £11,577 was restricted and £165,674 was unrestricted.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

5. Cost Breakdown by Activity

----- Start of picture text -----
|||||| |---|---|---|---|---| |Support|Governance Total|Total| |Unrestricted Restricted|2024|2023| |£|£|£|£|£| |Website design and evaluation 405 - - 405 453| |Management 857 - 523 1,380 1,177| |Finance 240 3,060 3,000 6,300 5,607| |_|_ _ _ __| |1,502|3,060|3,523|8,085|7,237| |=======|======= ======= ======= =======|

----- End of picture text -----

6. Net income/(expenditure) for the year is stated after charging:

----- Start of picture text -----
||| |---|---| |Total|Total| |2024|2023| |£|£| |Independent examiners fee 3,000|2,665| |Accountancy 3,060|2,520| |_|_| |6,060|5,185| |=======|=======|

----- End of picture text -----

7. Trustees’ remuneration and expenses

The Trustees received no remuneration in the period.

Included within support costs, is an amount of £652 (2023: £3,890) comprising £310 (2023: £3,437) on travel expenses, £117 (2023: £117) on subscriptions and £225 (2023: £336) on website charges, which were incurred by one trustee as part of their role as charity trustee.

8. Staff Numbers and Costs

The charity has no employees and no staff costs were incurred during the year (2023: £Nil).

9. Taxation

The charity is exempt from tax on income and gains falling within Part 11 of the Corporation Taxes Act 2010 or section 256 of the Taxation of Charitable Gains Act 1992 to the extent that these are applied to its charitable objects.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

Creditors amounts falling due within one year
	2024	2023
	£	£
Accruals	6,060	5,185
Other creditors	-	72
	_	__
	6,060	5,257
	=======	======

11. Analysis of Charitable Funds

	Balance at				Balance at
	05.04.23	Income	Expenditure	Transfers	05.04.24
	£	£	£	£	£
Restricted Funds	303	16,956	(17,020)	-	239
Unrestricted Funds	12,021	125,275	(89,138)	-	48,158
	__	__	__	__	__
Total Funds	12,324	142,231	(106,158)	-	48,397
	=======	=======	=======	=======	=======
	Balance at				Balance at
	05.04.22	Income	Expenditure	Transfers	05.04.23
	£	£	£	£	£
Restricted Funds	-	11,880	(11,577)	-	303
Unrestricted Funds	76,730	100,965	(165,674)	-	12,021
	__	__	__	__	__
Total Funds	76,730	112,845	(177,251)	-	12,324
	=======	=======	=======	=======	=======

Restricted Funds relate to donations held in respect of the Nompumelelo, Sponsor a child and other small projects.

HOPE THROUGH ACTION (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 5 April 2024

12. Analysis of Assets Between Funds

12. Analysis of Assets Between Funds
	Unrestricted	Restricted
	Funds	Funds	Total
At 5 April 2024	£	£	£
Current Assets	54,457	-	54,457
Current Liabilities	(6,060)	-	(6,060)
	__	__	__
Total Net Assets	48,397	-	48,397
	=======	=======	======
	Unrestricted	Restricted
	Funds	Funds	Total
At 5 April 2023	£	£	£
Current Assets	17,581	-	17,581
Current Liabilities	(5,257)	-	(5,257)
	__	__	__
Total Net Assets	12,324	-	12,324
	=======	=======	======

14. Guarantee Company and Liability of Members

Hope Through Action is a company limited by guarantee and therefore does not have any share capital.

The liability of members is limited. In the event of the company being wound up during a member’s period of membership or within 12 months afterwards, an amount not exceeding £1 will be required towards the costs of dissolution and the liabilities incurred by the Charity before the membership ceased. There were 4 members at the balance sheet date.

15. Financial Period

These financial statements cover the year ended 5 April 2024. The Trustees have selected 5 April as the most appropriate date for preparing financial statements.

16. Related Party Transactions

Hope Through Action Foundation, a charitable company registered in South Africa, is related to the Charity through Mr P J Bland, who is a Trustee of both charities. During the year the Charity made grants to Hope Through Action Foundation of £93,816 (2023: £166,433). No balances remain outstanding at 5 April 2024 (2023: £Nil).

During the year a £Nil (2023: £10,000) unconditional donation was received from a Trustee.