REGISTERED COMPANY NUMBER: 06614898 (England and Walej) REGISTERED CHARITY NUMBER: 1126487 REPORT OF THE TRUSTEES AND FINANCIAL sTATEmEs FOR THE YEAR ENDED 31ST MARCH 2024 FOR HOPE 4 (RUGBY) LTD Atkin8on Finch & Co Chartered Accountants Centrdl Chambers 45-47 Albert Street Rugby Warwi¢kshire CV212SG
HOPE 4 IRUGBY) LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page R¢port of the Trusteeg I to 5 Independent Examiner's Report Statement of Fingneial Activltles Balanee Sheet 8 to 9 Notes to the Financlal Statements 10 to 18
HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 00614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The trustees who ar¢ also directors of the charity for the puOSe5 of the Companies Act 2006. present their report with the financial ststements of the charty for the year ended 31 st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of R¢conun¢nd¢d Practice applicable to cl]arities preparing their accounts in accordance with the Financi Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efftctive l January 2019). OWECTtVES AND ACTIVITIES Objectiv Wc scek to relieve the plight of homeless and temporarity housed people in Rugby and those who are experiencing food poverty. We operate a number of services to achieve this aim including The Hope Centre and the Rugby Foodbank. Aetivities The tnjstees n]eet at least once every two months over th¢ course of the year. The9e meetings review progress, info and take decisions concerning the charity's present and future activities, fmance. fund-raising and review and amend the policies of the charity. In addition to regular repoits on aIl aspects of these activities, the particular focus in the past twelve months has been: Continuing to build partnerships across the key agen¢i¢s in the town, Rugby Borough Council. P3. Change Grow Live and South Warwickshire Foundation Trust, so as to improve the support we can give to clients As a result of a specific appeal to donor4 at Christsnas we provided 90 families with 200 children's book tokens Running a TnL$5ell Trust funded project with Citizens Advice, whereby clients ref¢Tred to Rugby Foodbank can self-ref¢r to a designated Citizens Advice advisor to receive advl¢e on financial management and employ a Thissell Trnst fundcd Support Worker to work with foodbank Clients on non-finaTJcially regulated activities the provision of threc courses of eight Icssons supporting 16 clients for English for Speakers of Other Languages Continuing to have sUPPOrt of both a physical health and a mental health nurse for our clients Providing a new Lottery funded service in the Hope Centre whereby clients ¢an see a Clinical p3ychologisl the appointment of a Self-employ bookkeeper the appointment of a Th18sell Thist funded Financial Inclusion Support Worker to work with Foodbank clients Amongst several positive ¢onsequen¢es of the above-mentioned physical and mentsl health 8uppo¢ it allowed us to host bi-monthly visit from the team at University Hospital Coventy and Warwickshire for their Hepatitis C scr¢¢ning programme, and to r¢fer clients directly for emergency dentisty. ACHIEVEMENT AND PERFORMANCE Charltable aetlvltle All functions of Hope 4 continued to be used extensively by those in need from amss Rugby demonstrating the continued need for the rVIceS provided. We have continued with our operating model where th¢ charty's ¢lients and Key Workers undertake regular face-to-face Tnteractions by appointment a5 well as clients accessing the Centre to use the facilities sv¢h as laundry and IT. This has proved to be very effective, ensuring a consist¢nt delivery of services and pn)duced as it has more positive outcomes, this is now our business-as-usual operating mode. Over the course 2023-24. we served 100 (2023 -73) newly refeTrd clients and supported 30 (2023 - 25) clicnts rctUTning to our services. During 2023-24. we support¢d 190 (2023 - 158) lients in total. In the same period, clients visited the Hope Centre on 4814 (2023 - 3096) occasions. As at March 2024, 60 (2023 - 60) clients were being supported by the Hope Centr¢. As pr¢viously mentioned, and although we operate an appointtnent system for meeting clients. we have continued to make a full range of servirxs available to them which included the following interactions (in addition to those already mentioned): 335 for personal launty, 163 for clothlng. 284 for the nur (in¢dIng assessment and tr¢atment), 25 clients supported by th¢ clinical psychologist (provision started in January 2024). 1798 meals (including food parcels), 450 for showers and 1041 for use of IT facilities The Rugby Winter Shelter We did not operate a night shelter in 2023-24. Page I
HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE FuDdraising As reported in our 2022123 annual repolt we successfijlly navigated both the initial and ond phase of a National Lottery Communities Fund Grant application and were awarded four more years of fimdin& which began on 1st April 2023. This grant funds the salarie5 of our Service Delivery Manager. two Key Workers, some utilities costs and a new post of a Mental Health professional who will work with clients. The funding covers around 60Yo of our running costs initially but will then taper towards a lower percentage over the four years. Whilst this brings fJnan¢ial stability, it also necessitates the need for the Board to Seek other funding streams and. in particular, promoting the Hope4000 initiative. Hope4000 - we continue to Promote our short video showcasing a client's story and our work along with how to be part of the Hope4000 famity by donating £4 a month by standing order. The video has been extensively shared on social medi4 in local churches and at awareness and fundraising events. By the end of the fmancial year, we have around 1750 Hope4000 donors via standing orders and Just Giving. We continue to see this a major fimdraising strategy working towards sustainability. We organised another very successful 'Sleep Out to Help Out, in February with around 26 peopl¢ taking part, including severdl local companies, and many individuals (including Board and stsff members and those from the local Community). The Mayor visited but did not sleep out on this occasion. The event was successful both in ternis of fiJndrai5in& over £12,000 was raise and in raising awareDe5s about homelessness and the WO we do. We plan to hold another su¢h evcnl next winter. The Board decided to invest in a new fimdraising initiative and successfully applied for 15 places in the London Landmark's Half Marathon. Our social media presence allowed us to recrnit 15 local people who yed to nm and fundraise on our behalf. Although the event wa5 in early April 2024, the fundraising wag mainly in 2023-24 and brought in over £9000 which after taking into account enty costs etc saw a net gain to the charity of over £7500. Page 2
HOPE 4 (RUGBY) LTD IREGISTERED NUMBEIL. 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE The Rugby Foodbank Rugby Foodbank is a core service provid¢d by the charity and during the year supplied 7089 (2023 - 7394) three-day emergen=y food supplies to people in crisis in Rugbyj which were donated by people from across the borough. This was a 4 % decrease on 2022-23. We received 98,269 kgs (2023 -108,825 kgs) of donated food and we distributed 100.998 kgs. (2023 - 107,180 kgs). We reported last year that we were delighted that Rugby Borough Council continued with the offer for Rugby Foodbank to orxupy the ground floor of The Lawn and Retreat building which 13 ideally situated in the middle of Rugby and close the Hope Centre. We remain very grateful to them for allowing us to continu¢ to use this building, but this remains a short-t¢rn arrangement and so we continue to seek longer tern] premises in a suitable location. We retain a 'Rent Fund, of £1 00,000 to help cover the anticipated Cost of renting a unit on eommercial ternis. We received £8.000 from Rugby Borough Counril for foodbaDk costs and £5,500 from Warwickshire County Council Hardship Fund specifjcally for foodbaThk food purchases. Rugby Foodbank continued to work with Bedworth Rugby and Nuneaton Citizens Advice Bureau (BRANCAB) in regard to our Financial Inclusion project. The Trussell Thst have provid¢d funding for us to employ a BRANCAB financial inclusion case worker to work directly with foodbank clients. Clients who accessed help via this advisor needed assistance in areas including benefit and fax credits. housing issues. debL utilities. In the 2023-24 459 (2023 - 476) foodbank clients were referred to BRANCAB for assistance. BRANCAB anticipated that the in¢orne gain by these Clients could b¢ in the order of £994.204 if all were to be realised. Alongside income gains the proj¢rt also sugge8ts £158,266 in debt relief could also realised. In addition, we also received funding from Tru55ell Trust to employ a Support Worker to work with foodbank clients who ne¢d extra support that is not of the financialty regulated kind. This too is proving very successful, and the Support Worker assists with issues such as PIP applications, attending meetings with clients and being their advocate. People Our Service Delivery Manager continue8 to manage the Hope Centre and Rugby Foodbank, rts staff and volunteers. He h&8 a prominent role in the various committees in Rugby that consider the issue of hom¢lessness and has representsd Hope 4 very well. He continues to make strong links acr0&8 the town, ¢ounty and nationally with statutory and charitable bodies. Our Hope Centre's three Key Workers and administration support along with Rugby FoOdbanS Engagement Officer all play a vital role in the detailed daily work as515ting clients on their journey out of homelessness and food poverty. Their growing skills sets and links with the wider comjnunity work well to ensure clients are helped in the most tailored way possible. Client testimonies bear wilness to this. Our Engagement otyicer decided to move to a new pogltion in a local church alter nearly six years with the charity. staff and volunteer5 covered hi5 role temporarily whilst recruittnent was undert8ken which has resulted in this post being filled in June 2024 Last year, we reported that our new Treasurer indicated that the role was t£ demanding given her full time job and she stepped down from the Board during the year. The Board took the decision to enlist the services of a self-employed bookkeeper. The Chair a130 Stepped up to lfil the role of acting Treasurer while a new Treasurer was sought. In January 2024 our Company Secretary stepped down due to his family moving abroad with work. Whilst the rharity is looking for a new B(iard member to fulfil this role one of the Trnstees has agreed to undertake some of the a550¢iated duties such &8 minute taking. Pam Davis also st¢pped down having served &$ a Trustee for volunteers for a number of ycu8. However, the Board has successfully recruited a new trustee wbose specific iemit will be volunteers. Estelle Callow has extensive experience in the banking indu5ty and has been a school Chair of Governors and has been a foodbank volunteer for several yews. The Board ha5 also successful]y recruited a local Church of England Vic4r to the Board with the specifjc remit for wellbeing. Rev Philip Morton will be fulfilling the role of chaplain to the Boart staff, volunteers and clients alike. Page 3
HOPE 4 (RUCBY) LTD (REGISTERED NUMBER: 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW Financial position Over 202312024 the income of Hope 4 (Rugby) Ltd was £ 395,526. Its expenditure was £302.849. This is split between our different activities as follows: Income 135,853 92,573 51,750 115,350 enditure 68,380 68,628 50.194 115,647 Hope 4 Foodbank Trussell Th]st The Communiti¢s Lott¢ry Fund Grant 67,473 23,945 1,556 (297) As at the end of March 2024 thc charity had £935,570 in reserves and assets including the Hope Centre. Of these £13,37 lis in restricted funds. The amount outstanding on our rnortgage to purch&se the Hope Centre was £94,861. Full accounts are included with this report. The continued generosity of people aeross Rugby, supEK)rting churches, other faith communities, schools, organisation4 harities and companies allows us to continue our work. This support continues to be incredibly encouraging and is b¢ing augmented by a growing number of individuals who make regular donations through the Hope4000 appeal. Reserves policy The unrestricted fvnds of £ 922,199 are represented by fLxed assets, including the freehold propety whith is &8cribed a value of £350,000 less the a850ria¢ed mortgage of £94,861, together with liquid assets of £664,322. The trnstees are conservative from a fmancial point of view and $0 maintain a level of liquid reserves in ¢x¢ess of £118,000 to ensure that sufficient resources are available to cover six Months nlnning costs and mortgage repayments. FUTURE DEVELOPMENTS The need for the services pmvided by Hope 4 ren]ains Clear and vital to those who are in lemporary housing or who extwience food povty in the Rugby arca. The charity remains absolutely dependent upon the incredible volunteer support and fxnancial generosity of many to be ablc to maintain these services. We have successfully applied for additional funding from the Trussell TTht to increase the capacity of the service delivered by BRANCAB and anti¢lpate that this provision will start in July 2024. STRuuRE, GOVERNAIYCE AND MANAGEMENT Governing doeurnent The charity 1$ controlled by its governing document, the Memorandum and Articles of Association and constitutes a limited company. The company is limited by 8uarantee. as defmed by the Companies Act 2006. All members guarantee an arnount not to exceed £10 payable in the event of the company being wound up with a deficiency of net &8sets. A member's guarantee of £10 continues for twelve months after membethip ceases. At 3 1st March 2024, there were 6 members (2023 - 6). Recruitment and appointment of new trustees Trustees mr4y be 0MMended for appointment by the trustees in consultation with th¢ other Rugby Churches and the Friends and Supporters of Hope 4, or a member and then voted for by the rnembers at a General Meeting. REFFRENCE AND ADMINISTRATIVE DETAILS Registered Compvdny number 06614898 (England and Wales) Registered Charity numb¢r 1126487 Registered office 8 Newbold Road Rugby WaThvickshire CV212LJ Pag¢ 4
HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Trust¢¢5 D L P Mansell DRSBahia E N Calow J W(x)dings P D Clucas DPr( J Ghuske Rev P J Morton P Davies (Chairperson) (Secr¢tary) - resied 16th January 2024 - appointed 12th March 2024 1 resigned 9th July 2024 (Trasurer) (Treasurer) - apixillltI 14th May 2024 - Signed 20th September 2023 - resigned 14th May 2024 - resigned 9th May 2023 Independent Examiner S G Bolton FCA Atkinson Pinch & Co Chartered Accountants Central Chambers 45-47 Ajbert Street Rugby Warwickshire CV212SG Banke Lloyds Bank Pl¢ 14 Church Street liugby WaTwickshire CV213PL Webslte http:Ilwww.hope4.org.ukl This report h&8 been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to sma]I companies. Approved by order of the board of trustees d Signed on its behalf by: Mansell - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 0661489SJ Independent examiller's report to the trustees of Hope 4 (Rugby) Ltd Cthe Company,) I report to the ¢haTity trust¢¢s on my examination of the accounts of the Company ftir the year ended 3 1st March 2024. Responsibilitios and basis of report As the ChIty'S tnLStees of the Company (and also its directors for the pury)os¢s of company law) you are responsible for the preparation of the accounts in accordance with the tequirem¢nts of the Companies Act 2006 26 ACV). 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 exaniination of your charty's accounts as Caled oul under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In Carrying out my examination I have followed the Dir¢ctions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement Since your charity's gTOS5 income cxceeded £250,000 your examiner must be a member of a listed body. l Can confirni that l am qualified to undertake the exalnination bccause I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodi¢5. I have cojnpleted my examination. I confim] that no matters have com¢ to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as requtred by Section 386 ot th¢ 2006 Affj or the accounts do not accord with those records. or the accounts do not comply with th¢ a¢counting requirements of Sextion 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consided as part of an indewident examination. or the accounts have not been prepared in OrdanCe with the methods and principles of the Statement of Recommended Practice for accounting and reporting by chartties (applicable to charities preparin8 their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matt¢rs 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. 4ILd S G Bolton FCA Atkinson Finch & Co Chartered Accountants Centr81 Chambers 4547 Albert Street Rugby Warwickthire CV212SG Page 6
HOPE 4 (RUGBY) LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3JST MARCH 2024 2024 Total funds 2023 Total fimdg Unrestricted Rmluation funds reserve Restrictsd fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 213a95 17fj833 390228 348,026 Investment income 5398 5298 1,205 Total 218,693 176,833 395A26 349,231 EXPENDITURE ON Chrdritsble actlvlties Providing care and SUPEK)rt for thc homeless Providing a foodbank for those in need Providing wint¢r shelter for the homeless 68J14 115333 183,547 164.082 61J26 57,496 11&822 62,678 159 Repayment of grant 11,946 Total 130,120 172,729 302,849 238.865 NET INCOME Transfers between funds 8&573 (lJ82) 104 lJ82 92,677 110,366 16 Net movement In funds 87,191 5,486 92,677 110,366 RECOIYCILJATION OF FUNDS Total fldS brought forward 769,476 65J32 7085 842,893 732,527 TOTAL FUNDS CARRIED FORWARD 856,667 6S532 13071 935570 842,893 The notes forn) part of these fmancial 8tat¢ments Page 7
HOPE 4 (RUGBY) LTD IREGISTERED NUMBER: 06614898) BALANCE SHEET 31ST MARCH 2024 2024 Total funds 2023 Total fimds Unrestricted nds Revaluation reserve Restricted fimds Notes FIXED ASSETS Tangible assets 10 287206 65J32 1,191 353929 354,428 CURRENT ASSETS Debtors Cash at bank and in hand 2,328 670,608 370 11,810 2,698 682,418 3.879 600.408 672,936 12,180 685,116 604,287 CREDITORS Amounts falling due within one ye 12 (16,832) (1832) (20,979) NET CURRENT ASSETS 656,104 11180 668,284 583.308 TOTAL ASSETS LESS CURRENT LIABILITIES 943,310 65,532 13a71 1,022,213 937,736 CREDITORS Amounts falling due after more than one year 13 (86,643) (86,643) (94,843) NET ASSETS 856,667 65,532 13J71 935,570 842.893 FUNDS Unrestricted funds Restricted funds 16 922,199 13J71 835,008 7.885 TOTAL FUNDS 935A70 842,893 The charitable company is entitled to ¢xemption from audit under Section 477 of the Companies Act 20Q6 for the year endcd 315t Mwch 2024. The members have not required the company to obtain an audit of its financial stat¢ment5 for the year ended 3 1st Mah 2024 in accordance with Section 476 of the Compalli¢8 Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Art 2006 and preparing financial Statements which give a true And fair view of the stste of affairs of the charitable rompany a8 the end of each financial year and of its surplus or deficit for each financial year in aecordance with the rcquirement5 of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to th¢ charitable rompany. (b) The notes forn] part of thes¢ financial statements Page 8 continueL..
HOPE 4 OIUGBY) LTD (REGISTERED NUMBER: 06614898) BALANCE SHEET - eontlnued 31ST IVIARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitablc companie8 subject to the small ¢omponie$ regime. cial tatement er¢ approved by the Board of Thist¢es and authorised for issue on were signed on its beha]t by: DLP, nsell - Trustee D Proctor. Trustee The notes forni part of these fmancial stst¢ments Page 9
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basi$ of preparlng the flnaDcial statements The financial statements of the Charitsble company, which is a public bcnefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recomm¢nded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting StandaThl applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companiu Act 2006. Thc financial stat¢m¢nts have been prepared under the historical c05t convention, as modified by the revaluation of certain assets. JDcome All income is included in the Statement of Financial Activities when the charity is legally entitIed to the income and the amount can be quantified with re&sonable accuracy. Eipenditure Expenditure is accounted for on an anlS b&gis and has been classified under headings that aggregate all cost related to th¢ category. Where costs cannot be directly attrtbuted to particular headings they have been allocated to activities on a basi5 consistent with the use of resources. Tanglble flxed a&5ets Depreciation is provided at the followin8 annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtur¢s and fittings Motor vehicles not provided 250/fy on reducing balance 250/0 on reducing balanc¢ Taxation The charity is exempt from Corporation tax on its dwitabl¢ a¢tivities. Fund Accounting Unrestricted fimds be used in accordance with the charitable objectives at the di5rtion of the trustees. Designated fimds are unrestricted funds that have been set &side by the charity for a specific purpose, Restricted funds Can mly be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raiscd for particular purposes. Hire purcha and leasing eommltments Rentals paid under operating leaseg 8re charged to the Stat¢mLmt of Financial Activities on a straight line basis over the period of the I¢e. Penslon costs and other post-retirement beneklts The charitable company operates a defmed contribution pension scheme. Contribution5 payable to the charitable companys pension scheme are charged to the Statement of Financial Activities in the p¢riod to which they relate. SignifieAnt Judgements and estimates There are no significant judgements that have a material effect on the cOUnts nor any accounting estimatss that have a high risk of causing a material adjuslment in a future period. Page 10 continued..
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations Grants 203J95 18W3 288.706 59.320 390,228 348.026 The following donations in excess of £3.000 have been received . 2024 2023 Geofftey Philip Martindale Estate Iynwoods Legacy Bilton Evangelical Church Anon Winwi¢k Wind Farni Tru5sell Thist Top-up 000 47.500 3.lJ)O 40,000 7,100 12,902 8,000 9,281 Grants rec¢iv¢l includ¢d in the above. are as follows: 2024 2023 29th May 1961 Charttabl¢ Tnt Rugby Bon)ugh Council Warwickshire County Council Big Lott¢ry Amazon Trussell Trnst 6,OIKI 8,000 5,733 11SJ50 6.070 1,000 500 51,750 51.750 186,833 59,320 INVESTMENT INCOME 2024 2023 Deposit account Interest 5,298 1,205 Pagell continue&..
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2024 CHARITABLE ACTIVITIES COSTS Direct eosts 2024 2023 Providing rare and support for the homeless Providing a foodbank for those in need Providing winter shelter for the homeless 183,547 11&822 164.082 62.678 159 302.849 226,919 DIREcf COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Rent Rates and water Insurance Light and heat Telephone Postage and ststionery Repairs and renewa18 Sundries Food costs Travelling Advertising Training Subscription5 Computer costs Bank charges Events and promotions Costs Professional fees Accountancy Citizen8 Advirx Project Foodbank expenses Motor expenses Book keeping Depreciation Loss on sale of assets Interest payable and similar Charges 186.488 1.800 75S 3A64 13,703 494 1.066 3,408 9.217 13.700 289 1,544 1,417 2,543 8,045 175 10.024 1,417 2.736 2&158 2,056 2,045 3300 iaio 480 3JlS 148.009 1.800 663 3.673 5.363 1,597 403 3.723 14,201 4.722 552 180 3,493 6,616 118 6.700 2,592 15,789 1.125 1,617 1,476 2.507 302049 226,919 Page L2 Continued...
HOPE 4 OiUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR EIWED 31ST MARCH 2024 NET INCOMEI{EXPENDITURE) Net incorne/(¢xp¢ndiiure) is statsd after chargin(CredIting). 2024 2023 Depreciation - owned asset5 iaio 1,476 TRUSTEES, REMUNERATION AND BENEFfTS There were no trustees, remuneration or other beD¢fits for the year ended 3 1st March 2024 nor for the year ended 3 1st March 2023. Trusttts, expense There were no trustees, expenses paid for the year ended 31st Mah 2024 nor for the year ended 3 1st March 2023. STAFF COSTS The average rnonthly number of employees during the year was L8 follows: 2024 2023 Support staff Adrnini5trative staff No ernployees received emoluments in ex¢¢ss of £60,000. 2024 2023 Wages Employers national insurance Pension costs 170,842 8,691 6,955 136.465 5.759 5,785 186,488 148,009 COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL AcfiviTlES Unrestricted Revaluation funds reserve Restricted funds Totsl nds INCOME AND ENDOWMENTS FROM Donations Ènd legacies 348.026 348,026 Inves1rnent income 1,205 1.205 Tothl 349,231 349231 EXPENDITURE ON Charitsble activities Providing care and supp)rt for the homeless Providing a foodbank for those in need Providing winter shelt¢r for th¢ homeless 156.638 61.322 159 7,444 1.356 164.082 62,678 159 Page 13 continue(L..
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued Unrestricted Revaluation Restricted funds reserye fimds Total fimds Repayrnent of grant 11.946 11.946 Total 218,119 20.746 238,865 NET INCOMEI(EXPENDITURE) 131.112 (20.746) 110,366 RECONCILIATION OF FUNDS Total funds brought forward 638,364 65.532 28,631 732,527 TOTAL FUNDS CARRIED FORWARD 769,476 65,532 7,885 842,893 10. TANGIBLE FIXED ASSETS Fixtures Freehold property Motor vehicles fittings Total8 COST At Isi April 2023 Additions Disposals 350.000 29,560 1,29J (3,824) 7WO 387,360 1.291 (3,824) At 31 st March 2024 350,000 27,027 7,800 384.827 DEPRECIATION At 1st April 2023 Charge for year Eliminated on disposal 25.462 1328 (3a44) 7,470 32,932 iJio (3J44) At 3 1st March 2024 23,346 7,552 30,898 NET BOOK VALUE At 31 st Mar¢h 2024 350.iM)O 3,681 248 353929 At 3 1st March 2023 350,000 4.098 330 354,428 The property was revalued by Howkins and Harrison on 26th March 2019. The original cost of the building is £284,468. Page 14 continued...
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Gift aid tax rccovcrablc Prepayinents and accrued income 1,229 1.901 749 830 2,698 3,879 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 14) Trade ¢reditor5 Social security and other taxes ArKrued expenses 8218 835 3,207 $72 7.950 8.853 4,176 16,832 20,979 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 14) 86.643 94,843 LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling du¢ within one year on demand: Bank loans 8318 7,950 Amounts falling between one and two y¢ars: Bank loans - 1-2 years 9,496 8,218 Amounts falling due between two and five years: Bank loans . 2.5 years 27,247 26,357 Arnounts falling due in more than five year8: Repayable by instalments.. Bank loans more than 5 years 49,900 60268 Page 15 continue&..
HOPE 4 (RUCBY) LTD NOTES TO THE FINANCIAL STATEMFNTS - tontlnued FOR THE YEAR ENDED 31ST MARCH 2024 Is SECURED DEBTS The following secured debts are included within creditors: 2024 2023 Bank loans 9<861 102,793 The loan is secured by a First Legal Charge over the freehold property, 8 Newbold Roa4 Rugby. 16. MOVEMENT IN FUNDS Net movement in funds Transfers between fimds At 31.3.24 At 1.4.23 UMr¢strieted funds G¢n¢rdl fund Rugby foodbank Rugby winter shelter Rent fund Revaluation r¢8erYe 390,621 278J75 67,539 21,514 (480) (1?82) 456,778 299,889 loo,000 6S532 100.000 65,532 &15,008 8&573 (lJ82) 922,199 Restrleted funds Building refurbishment fund Foodbank van expenses Cookery Grant BIG I.ottery CJrant Tru55ell Thist Foodbank wcc Xmas food 3J95 1,660 2,830 3J95 618 2JOI 943 IA56 558 000 (2,127) (529) 646 1,550 558 1,085 297 7,885 104 lJ82 13J71 TOTAL FUNDS 842,893 92,677 93570 Page 16 continued...
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMFNTS - contlnu¢d FOR THE YEAR ENDED 31ST MARCH 2024 16. MOVEMENT IN FUNDS - continued Net movement in fimds, included in the above are &8 follows: InGoming resources Resources expended Movement in funds Unrestricted ndS General fund Rugby foodbaThk Rugby wintsr sh¢tt¢r 13S853 82.840 (68a14) (61J26) (480) 67A39 21.514 (480) 218.693 (130.120) 8&573 Reslrlct¢d funds Foodbank van expenses Cookery Grant BIG Lottery Grant Trussell Trust Foodbank wcc Xmas food (2,127) (529) (114,704) (50,194) (5,175) (2,127) (529) 646 1,556 558 4,000 lJ5J50 51,750 5,733 4.000 176,833 (172,729) 4,104 TOTAL FUNDS 395,526 (302,849) 92.677 Comparatlves for movement In funds Net movement in tund5 At 31.3.23 At 1.4.22 Unrestricted funds General fund Rugby foodbank Rugby winter shelter Rent fund Revaluation re8¢rv¢ 325,924 211,801 639 loo,000 65,532 64,697 66,574 (159) 390,621 278,375 480 loo.000 65,532 703.896 131.112 835.008 Restricted funds Building refurbishment fund Foodbank van expenses Cookery Grant BIG Loticry Grant Hom¢l¢ssn¢ss Winter Transfozmation Fund 3J95 3J87 4,903 5,000 11.946 3,395 1,660 2,830 (1.727) (2.073) (5.000) (11.946) 28.63 1 (20.746) 7,885 TOTAL FUNDS 732.527 110.366 842,893 Page 17 continue(L..
HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMENTS - CODtlnued FOR THE YEAR ENDED 31ST MARCH 2024 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds included in the above are as follows: Incoming resources Resources expended Movement in funds Unrcstricted fun General fund Rugby foodbank Rugby wintsr shelter 221,326 127,905 (156.629) (61,331) (159) 64,697 66,574 (159) 349.23 I (218.119) 131,112 Restrlctsd fuDds Foodbank van expenses Cookery Grant BIG Lottery Grant Homelessness Winter Transforniation Fund (1,727) (2.073) (5,000) {11,946) (1,727) (2,073) (S,0[)) (11,946) (20,746) (20,746) TOTAL FUftYDS 349,231 (238,865) 110,366 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 st March 2024 (2023 - none). Page 18