**Charity registration number 1135452**
**Company registration number 06783722 (England and Wales)**
## **HOPE COMMUNITY SERVICES**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **HOPE COMMUNITY SERVICES**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Directors/Trustees**||
|---|---|
|**Trustees**|Lindsey Minott|
||Maggie Wykes|
||Clare Wasteney|
||Mr G Connor|
|**Charity number**|1135452|
|**Company number**|06783722|
|**Registered office**|17 Queen Street|
||Worksop|
||Notts|
||S80 2AN|
|**Accountants**|John Harrison (Worksop) Limited|
||78 Carlton Road|
||Worksop|
||Nottinghamshire|
||UK|
||S80 1PH|
|**Solicitors**|Illet & Clark Solicitors|
||86 Bridge Street|
||Worksop|
||S80 1JA|
## **HOPE COMMUNITY SERVICES**
## **CONTENTS**
||**Page**|
|---|---|
|Statement Of Trustee Responsibilities Report|1 - 2|
|Accountants' report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 12|
## **HOPE COMMUNITY SERVICES**
## **STATEMENT OF TRUSTEE RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The Trustees present their annual report and financial statements for the year ended 31 December 2022.
The Trustees, who are also the Directors of the charity for the purpose of the Companies Act, present their annual report and the audited financial statement for the year ended 31st December 2019. The financial statements comply with the Charities Act 2011, Companies Act 2006 and "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 (FRS102) (effective 1 January 2015).
## **Related Parties**
Hope Community Services operates independently and has no formal links to other organisations.
## **Vision, Mission and Values**
Hope's vision is for a fair, responsible and inclusive society which encourages, enables, and empowers individuals to maximise their potential.
Hope's mission is to promote social inclusion, tackle disadvantage, homelessness, and the causes of homelessness, and ensure there are pathways for positive lifestyle choices for those who are outside of mainstream services.
Underpinning our vision and mission statement are the values of Hope which are at the heart of what we believe as an organisation, and how we work with our external stakeholders and our staff volunteers and clients. We are committed to:
- Valuing difference and appreciating diversity
- Maintaining high standards in the work we do
- Challenging injustice
- Working with others to improve the communities in which we live and work.
## **Statement of Trustee Responsibilities**
The Trustees are responsible for preparing this Trustees Report and Financial Statement, in accordance with the applicable law and United Kingdom Accounting Standards, (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the situation 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:
- 1 -
## **HOPE COMMUNITY SERVICES**
## **STATEMENT OF TRUSTEE RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
- Select suitable accounting policies and 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.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue that basis.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to prepare the financial statements that comply with the Charities Act 2011, the Charity (Accounts Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Statement of Trustee Responsibilities report was approved by the Board of Trustees.
**Maggie Wykes** Trustee Dated: 5 May 2023
- 2 -
## **HOPE COMMUNITY SERVICES**
## **CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOPE COMMUNITY SERVICES FOR THE YEAR ENDED 31 DECEMBER 2022**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hope Community Services for the year ended 31 December 2022, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rulesand-standards/rulebook.html.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 8 June 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Hope Community Services and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hope Community Services and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that Hope Community Services has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Hope Community Services. You consider that Hope Community Services is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Hope Community Services. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
## **John Harrison (Worksop) Limited**
## **Chartered Certified Accountants**
5 May 2023 78 Carlton Road Worksop Nottinghamshire S80 1PH UK
- 3 -
## **HOPE COMMUNITY SERVICES**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and
legacies
**2**
-
95,229
Charitable activities
**3**
496,709
-
Other income
**4**
15,416
-
**Total income**
512,125
95,229
**Expenditure on:**
Charitable activities
**5**
522,074
-
Other
**7**
-
-
**Total expenditure**
522,074
-
Gross transfers
between funds
-
-
**Net (outgoing)/incoming**
**resources**
(9,949)
95,229
**Other recognised gains and losses**
Revaluation of
tangible fixed assets
-
-
**Net movement in funds**
(9,949)
95,229
Fund balances at 1 January
2022
957,610
74
**Fund balances at 31**
**December 2022**
947,661
95,303|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
95,229
-
-
496,709
491,790
-
15,416
19,792
-
607,354
511,582
-
522,074
445,758
-
-
62,229
-
522,074
507,987
-
-
834,015
74
85,280
837,610
74
-
120,000
-
85,280
957,610
74
957,684
-
-
1,042,964
957,610
74|**Total**
**2021**
**£**
-
491,790
19,792|
|---|---|---|
|||511,582|
|||445,758|
|||62,229|
|||507,987|
|||834,089
837,684
120,000|
|||957,684
-|
|||957,684|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **HOPE COMMUNITY SERVICES**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds
General unrestricted funds
Revaluation reserve|**2022**
**£**
**£**
716,449
34,558
318,441
352,999
(26,484)
326,515
1,042,964
95,303
827,661
120,000
947,661
1,042,964|**2021**
**£**
**£**
731,106
68,036
186,418
254,454
(27,876)
226,578
957,684
74
837,610
120,000
957,610
957,684|**2021**
**£**
**£**
731,106
68,036
186,418
254,454
(27,876)
226,578
957,684
74
837,610
120,000
957,610
957,684|
|---|---|---|---|
||||957,684|
||||74
957,610|
||||957,684|
- 5 -
## **HOPE COMMUNITY SERVICES**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 DECEMBER 2022**_
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
For the financial year in question the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
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 in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Trustees on 5 May 2023
Maggie Wykes **Trustee**
## **Company Registration No. 06783722**
- 6 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Hope Community Services is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 Queen Street, Worksop, Notts, S80 2AN.
## **1.1 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 (FRS102) - (Charites SORP(FRS102)) (effective 1 January 2019), Financial Reporting Standard applicable in the UK and Republic of Ireland 102), the Charities Act 2011 and the Companies Act 2006.
Hope Community Services meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention or transactional value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £.
The financial statements are prepared in sterling, which is the functional currency of the Chairty. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Chairty has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Chairty.
## **1.4 Income**
All incoming resources are included in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Grants receivable, funding the general activities of the charity, are included in the period in which they are receivable, except when the funders specify that they must be used in future accounting periods or funders conditions have not been fulfilled, then the income is deferred. Funds received in advance in respect of service contracts are deferred, where necessary, to the appropriate future accounting periods.
- 7 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
All expenditure accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount od the obligation can be measured reliably
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 0 - 10% Straight Line Fixtures and fittings 20% S/L & Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The Chairty has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Chairty's balance sheet when the Chairty becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Chairty’s contractual obligations expire or are discharged or cancelled.
## **1.9 Legal Status**
Hope Community Services is a company limited by guarantee, and has no share capital. The liability of each member in the event of a winding up is £1.
## **2 Donations and legacies**
|**Restricted**
**funds**
**2022**
**£**
Donations and gifts
757
ENTER LINE DESCRIPTION VIA DATABASE
94,472
95,229|**Total**
**2021**
**£**
-
-|
|---|---|
||-|
## **3 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Income**|**Income**|
||**2022**|**2021**|
||**£**|**£**|
|Income within charitable activities|496,709|491,790|
- 9 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **4 Other income**
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2022**|2021|
|||**£**|£|
||Donations and Grants|15,416|19,792|
||Rental income now included in note 2 (2020 rent income £240,490)|||
|**5**|**Charitable activities**|||
|||**Direct Costs**|**Direct Costs**|
|||**2022**|**2021**|
|||**£**|**£**|
||Depreciation and impairment|18,157|17,865|
||Administrative Overheads|172,518|187,084|
||Finance Charges|-|3,696|
||Personnel Costs|331,399|237,113|
|||522,074|445,758|
|||522,074|445,758|
## **6 Employees**
The average monthly number of employees during the year was:
|**7**
**Other**
Loss on Sale of Asset|**2022**
**2021**
**Number**
**Number**
20
20
**Total Unrestricted**
**funds**
**2022**
**2021**
**£**
**£**
-
62,229
-
62,229|**2021**
**Number**
20|
|---|---|---|
- 10 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **8 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **9 Tangible fixed assets**
|**9**
**Tangible fixed assets**||
|---|---|
|**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 January 2022
874,503
11,658
Additions
-
3,500
At 31 December 2022
874,503
15,158
**Depreciation and impairment**
At 1 January 2022
73,281
4,689
Depreciation charged in the year
15,540
2,617
Revaluation
77,085
-
At 31 December 2022
165,906
7,306
**Carrying amount**
At 31 December 2022
708,597
7,852
At 31 December 2021
724,137
6,969
**10**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Trade debtors
29,367
Prepayments and accrued income
5,191
34,558
**11**
**Creditors: amounts falling due within one year**
**2022**
**£**
Trade creditors
18,909
Other creditors
-
Accruals and deferred income
7,575
26,484|**Total**
**£**
886,161
3,500|
||889,661|
||77,970
18,157
77,085|
||173,212|
||716,449|
||731,106|
||**2021**
**£**
25,087
42,949|
||68,036|
||**2021**
**£**
24,077
2,950
849|
||27,876|
- 11 -
## **HOPE COMMUNITY SERVICES**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31
December 2022 are
represented by:
Tangible assets
716,449
-
Current assets/(liabilities)
326,515
-
1,042,964
-|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
716,449
731,106
-
326,515
226,504
74
1,042,964
957,610
74|**Total**
**2021**
**£**
731,106
226,578|
|---|---|---|
|||957,684|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
## **14 Analysis of changes in net funds**
- 12 -