Charity rnglstratlon number 1135452 Company reglstratlon number 06783722 (England and Wal•sl HOPE COMMUNITY SERVICES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HOPE COMMUNITY SERVICES LEGAL AND ADMINISTRATIVE INFORMATION Dlréetorsrrrteo$ Trusteos Maggie Wkes Clare Wasleney Mr G Connor Charlty number 1135452 Company number 06783722 R•gi8tered offi¢e 17 Queen Street Worksop Notts Accountants Jthn Harrison (tk$op) Mited 78 Carlton Road Worksop NOttihamShIre UK S801PH Solkltorn Illet & Clark Soliutors 86 Bridge Street S80 1JA
HOPE COMMUNITY SERVICES CONTENTS Pag# Statement (XTrust*e RespOnbIle$ Report Ac¢ountants' report Statement of finanual acbvit Bak8nce sheet Notes lo the financial statements 7-13
HOPE COMMUNITY SERVICES STATEMENT OF TRUSTEE RESPONSIBILITIES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The TnJstee$ present their annual and financiat statèments forth8 ygar er)ded 31 December 2023. The Trustees, who are also the Directors of the charlty for the purpose of the Companies Act, present their annual report and the audited finanal statement for the year ended 31st Decemtser 2019. The financial statements comply wth the Charrties Ad 2011, Companies Act 20(6 arKI 'Accounting and Rèporting by Charities." Stalgment of Recommended Pracbce applicable to Charities preparing their accounts in aCrd¥ncS th the Financial Reporbng Standard apICable in the UK and Republic of Ireland {FRS1021 (effective 1 January 20151. Rèlatsd Partie5 Hope Communlty Services opgrates independenY aTrJ has no fomial links to other organksaticffls. Vlslon. Mlsslon and Values Hope's vision is for a fair. responb and indusive SOLyety encourages. enablos, and emFvNers indivlduals lo maximise their Fthntial. Hope's mission is to promote la1 indon. tackle dwdvantage, homelessness, and the causes d homelessness, and ensure there are pathways for posrtive lrfestyle choices fc those vK> are outside of mainstr68m services. Undatpinning our vision and MIOn statement are the valu8s of Hope whth a at the heart of wha we believe as an organisatic, and how we work with our extemal stskeholders and our staff volunteers and clits. We are committed to.. Valuing differen and appreaoting diversty Maintaining high standards in the work we do Challenging inlu$tice . WoTkirvJ with others to Improve the enmmunities in whth we INe arKI *vrk. statement of Trustee Responslbllities The Trustees afe responsibte for preparing this Trustees Report and Finanaal Statement, in accordan with the applicable law and United Kingdom Accounb"ng Standards. {Unrted lQngdom Generally ACpIed Accounting Practice). The 18w applicabla to charities in England and Vkles requires the Tmstees to prepare finandal stalements for each finaneial year which give a In and fair view of the srtuation of the thafity and of the inwning resources and application of resources of the charty for that period. In preparing the$e financtal ststernenls the Trustee8 are required to..
",40PE COMMUNITY SERVICES STATEMENT OF TRUSTEE RESPONSIBILITIES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 S81oct Suttable accounts.ng policies and apply them cOn$ntty. Observe the methods and principles in the Charrties SORP. Make judgments and estimates that are reaSonae and prudent Slate whether applicable accc4jnts.ng standards have been follNYd. departures disclosed and explained in the finanual statements. Prepare the finanaal sLqtements on the going coneem basis unless Tt is inappropriate to pwume that the tharity will continue that basis. subject to any material The Trustees are responsible for keeping proper accounting records which discbse WTih reasonable* acoJracy at any time the financial position of the charity and to enable them to prepare the financial staternents that comply with the Charities Act 2011. the Charity IAcccvJnts Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the tharty and hence for tsking reasonable Steps for the prevention and deteGtion of fraud and other irregularities. The Statement ofTruslee ResF4)nsibrlth"es report was approved by ts Board ofTrustee8. Maggie Wykes Trustee Dated.. 18 Wil 2024
HOPE COMMUNITY SERVICES CHARTEREDACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOPE COMMUNITY SERVICES FOR THE YEAR ENDED 31 DECEMBER 2023 In order to assist you to fijffil your dub.es under the Companies A( 2006. we have prepared for your approval the finanaal statements of Hope Community for the year ended 31 Detsmbgr 2023, ¥thich mmprise the stslement of financial adivtties and the related notes from the tharity's accounb.ng rerdS and from information and explanation$ you have givèn us. As a practising member firm of the Institute of Chartered Accountants in England and Wdles, wa are subject to its ethi1 and other professional requiremerrts wthich are detailed at httpsJfvA.lcaeW.cOMlreg1ats.On. This report is made to the charitys Trustees, as a bcty, in accordance Iwth the temis of our engagement letter dated 8 June 2021. Our work has been undertaken solely lo pfepare for your approval the finarrial slements of Hope Community Services and stste those matters that we have agreed to stsle lo the charity's Trustees, as a body. in this report in accordance wrth ICAEW Technica Release 07116 AAF. To the fullest extent pemitted by law. we do not accept or assume responsibilty to anyone othèr than Hope Community Services and the charty's Trustees as a body, for our work or for thi$ reF. It is your duty to ensure that Hope Communty Services has kept adequate accounting records and lo prepare statutory finanoal statements that give a true and fair ¥¥ of the assets. lialilities, finanaal position and surplus of Hope Communty Services. You consider that Hope Community Servi$ is exempl from the statutory audit rfjquirement for the year. and is not required to obtan an indepen(lent examinerfs reFQrt. We have not been instructed to cary ¢Jrt an aiMJf( or a of the finarwl statements of Hope Communty Services. For this reason, we have not verified the accuraw or completeness of the accounb'ng e0rdS or infoffnalion and explanations you have given to us and we do not. therefore, expr8ss any opinion on the $lalutory finanoal stalemenls. John Harrlson (Worksopl Llmlted 18Wil 2024 Chartered Accountants 78 Carlton Road IAt*rksop Nottinghamshire S80 1PH UK
HOPE COMMUNITY SERVICES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Total Unrnstrictod Restrictod funds funds 2022 2022 Totsl funds 2023 funds 2023 2023 2022 Notes Income and ondowmgnts from: Donations and legacies Charitable activibes Other income 33.669 33,669 518,637 18,273 95.229 95,229 496,709 15,416 518.637 18.273 496.709 15.416 Totsl ineome 536,910 33,669 S70,579 512.125 95,229 607,354 Expendlthre on: Charitable activities 549.744 549.744 522,074 522,074 T¢)tsl expendiluro 549.744 549,744 522,074 522,074 Net ineomellexpendlturg) and movemènt in funds 112,834) 33.669 20.835 (9.949) 95,229 85.280 Reconclliatlon of funds: Fund balances at 1 January 2023 947.661 95.303 1,042,964 957,610 74 957,684 Fund balances at 31 Dfjcembor 2023 934.827 128,972 1,063.799 947,861 95,303 1.042,964 The statement of finanoal activrbes indudes all gains and knsses recognised in the year. Al irKome and expenditure derive from continuing activib"es.
HOPE COMMUNITY SERVICES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notss Fixed ass•ts Tangible assets Current assets Debtors Cash ai bank and in harvj 698,946 716.449 10 27.481 366.468 34,558 318,441 393,949 352,999 crlt013. amounts falllng due withln one yèar 11 (29.096) {26.4841 Net current assets 364.853 326.515 Total assets less curr•nt liabllltles 1.[3,799 1,042.964 Income funds Restricted funds 12 128,972 95,303 General unrestricled funds Revallsation r8sgr¥e 814,827 120,000 827.861 120,000 934,827 947,661 1.C63.799 1,042.964
-AOPE COMMUNITY SERVICES BALANCE SHEET (CONTINUED) AS A T 31 DECEMBER 2023 The company is entitled to the exemption from the audit ruIreM contained in section 477 of the Companies Act 20C6. for the year ended 31 Dernher 2023. The director acknO%edgeS her responsibilrties for complying wth the requirements of the Companies Act 2¢8 Trmlh respeet to aecounting records and the preparation of financial ststements. For the financial year in question the company was entiued to exemption from audit under serAion 477 of the Companies Act 2006 relakn.ng to small companies. The n7embers have not required the company to obta"n an audri of its accounts for the year in question in accordgnce with secon 476 of the companies a¢X 2006. The directors acknOedge their responsibilities for coMy1ng wilh the reqUirents of the Act respect to accounting records and the preparation of accounts. These accounts have teen prepared in 8¢¢tyda with the provisons appliCae to companies subject to the small CL*npanies' regime. The financial statents re approved by the Tn on 18April 2(r24 V ( %S¢sL Maggie Wke5 Trustee Company Reglstrntlon No. 06783722
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng polleles Charlty infommtlon Hope Communrty Services is a private company limited by guarantee incorporated in England and Wales. The registefed office is 17 QLwn Stree( Vthsop. Notts, S80 2AN. 1.1 Accountlng convenllon The financial statements have been prepared in accordan wth Accounting and Reporting by Ch8rities,' Statement of RgcommeThJed pralce applicable to chartties preparirKJ thr a¢xounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) - (Chariles SORP {FRS10211 (effective 1 January 20191. Finanaal ReFrt)ng Stsndard applicable in the UK and Republic of Ireland 102), the CharItsACt 2011 and the Companies ALX 2006. Hope Community Services meets the definition of a public benefft entity under FRS 102. The financial statements are prepared under the historical st convention or transactional value unless othetwse slated in the relevant accounting pdicy nolels). The financial ststements are wepared in Sterfing %thich Is the nctlonal currency of the tharity and rojnded to the nearest £. The finanaal statements are prepared in sterfing. whth is the functional rrenCY of the Chaity. Monetary emounls in these financial statements are rcwrKled to the nearest £. The financ4al statements have been txepared under the hIs¢al cost convention, Imodthed lo include tha revaluation of freehold properties and to indude investment properties and certain finanaJ in8truments at fair valuel. The princip81 a¢counting policies adopted a set out bdow. 1.2 Golng conc•rn At the time of approving the financial statements. the Trustees have a reaSonae expectation that the Chaiity has adequate resources to continue in OFwati¢)nal existence fy the foreseeable future. Thus the Trustees continue lo &lopl the going concem basis of accounts.ng in preparing the finanual statements. 1.3 Chafftable funds Unrestn'cted fijnds are available for us8 at the diretIOn of the Trustees in furtheranc& of their charitake objec*ves. Rgstrietsd fvnd8 are 8ubiect to condibons by don grnntors as IO thjw they may be used. The purposes and uses of the restricted fijnds are set ¢JJt in the notes to the finanaaj statements. Endowmient fvnds are subject to speofic cond.S by donor5 that the cawal must be maintsined by the Chaity. 1A Incomg l incoming resources are induded in the Statement of Financtal Activities when the charity has entitlement to the fvjnds, any perfomance conditions have been met. the amount ean b& measurgd reliabty and rt is probable that the inc£ffie will te recsved. Grants receivable, funding the general aelivibes of the chanty. are irthd8d in the period in 4thich they are receivable, ept when the lunders specrfy that they musl be used in future accounting periods or funders conditions have not treen fulfilled, then the income is deferred. Fund$ received in advance in respect of service contracts are deferred. Ithere necessary. to the appropriate future aC(Uting periods.
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Acwuntlng pollclos IContlnu•dl 1.5 ExndIture Al expenditure accounted for on an accluals basis and has been dassrfied under headings that 8ggregal8 all costs related to the category. ExFendriure is recognised where there 1$ a legal or eonstructive obligation to make payments to third parties, it 18 probaue that the settlement wll be required and the amount od the obligatn can b¢ measured rgliably 1.6 Tanglble fix•d assets Tangible fixed assets are inalty measured at COSt and subsequenty measured al cost or valuation. net of depreciats'on and any impaimient sSeS. Depreaation is recognised so as to write off the cost ty valuation of assets less their rdual values ovar their useful lives on the foll¢Mng bases". Freehold land and buildings FixbJres and frtbngs o- 10% Straight Line 20% SIL & Redu¢ing Bare The gain or loss aring on the disposal of an asset is determined as the drfference between the procee11s and the canying value of the asset. and is reccqnised in the ststement of financial activities. 1.7 Cash and 9h equivalents Cash and cash equNalents indude cash in hand. dep05rts ld at call wth banks, other short-term liquid investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown thin borrowtng8 in current liabilities. 1.8 Flnanclal Instrnments The Chaity has elected lo apY wovisions of Section 11 'Basie Finawal Instrumgnls, and Secn 12 'Other Finanoal Instruments Issues, of FRS 102 to all of its financ4al instnjments. Financial instnjments are recognised in the Chaitys balan she¢t the Chairty becomes party to Ihe contractual provisions of the instrument. Finanaal assets and liatM'Iffj"es are offset, vAth the net amounts presenled in the finanaal statements, when there is a legally enforceable right lo sel off the re¢>)gnised amounts and there 1$ an inlenlion to settle on a nel basis ¢y to realise the asset and seltle the lia1[ty simult8neousty. Basie flnanclalassets Basie finanaal assets. whith indude debtors arKI cash and bank balances, are initially measured transaction priee induding transaction costs and are subsequently carrie(l at amorbsed cost using the effective interest method LFnless the arrangement c¢)nstitutes a financ¥ng transaction, where the transaction is measured at the present value of the fLrturg receipts discounted at a mart(et r*e of interest. Financial assets classffied as receivable wthin one year are not amortised.
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polki66 IContlnu•d) Basic financial liobllltles Ba&c finandal liabilities, induding credrtors and bank loans are initially recognised at transaction price unkss the arrangement conilutes a financing transacbon, where the debt instrument is measured al the presonl value of the fLrtU payments discounted at a market rate of interest. Financ3al liabilrtias classified as payable wrthin ce year are not amorbsed. Debt instruments are subsequenty carried at amortised eosL Ing the thtive interest rate method. Trade creditors are obligations to pay for gotrjs or servus that have been acquired in the Ordin course of operions from suppliers. Amounts payable are dasgfied as currenl liabilities if payment is duo within one year or less. If not, they ar• presented as non-curreni liabile$. Trade ¢xeditors afe reeognised initially at transaction price and subsequenly measured al amrtised cost using the effethe interest method. Dor8cognlllon of ffnanclal Ilabillll•s Financial li81[tIeS are derecognised th the Chaiws ntraCtual obligations expire or are discharged or cancelled. 1.9 Legal Status Hope Community Services Is a company limited by guarantee, arKI ha$ no share capilal. The liaknlty of each member in the evenl of a winding up is £1. Charftablo Incom• Restrkted Rgstrfcted funds funds 2023 2022 D¢n*ions and gifts Grants 757 94.472 33,669 33.669 95,229 Incorng from charrtable •cti¥ltks Unregtrlcted Unrestrfcted funds funds 2023 2022 Heading #ac989 Income wlhin charitsble acvitieS 518,637 496,709
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Othèr incom• Unrestrictsd Unrestrictgd funds funds 2023 2022 Donation$ and Grants 18,273 15,416 Rental iftcome now induded in note 2 {2020 rent irKom8 £240.490} Expenditur* on charllable actlvttles Heading
ac982
2023 Heading
ac982
2022 Dlr¢¢t costs Depreaation and impaimient Administrative Overheads Personnel Costs 17.503 526.670 5.571 18,157 172.518 331,399 549,744 522.074 Analysis by fund Unrestricted funds 549.7 522,074 Net movgmont In fvnd8 2023 2022 The net movement in funds is stated after charg1w{edIb.n9): Depre(aation of owned tanglble fixed assets 17,503 18,157 Empknyees 2023 Number 2022 Number 20 Taxatlon The charity is exempt from taxation on its ¥[be$ because all irwme 18 for charitable purposes. 10-
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible flxed assets Freehold land Flxiures an and builthngs ffttiThJ$ T¢)tsl Cost Al 1 January 2023 874,503 15.158 889.661 At 31 Decemter 2023 874.503 15.158 889,661 Depreclallon and Impalrnient At 1 January 2023 Depreciatton charged in the year Revaluation 88.821 15,540 77.085 7,3[% 1,963 96,127 17,503 77,085 At 31 December 2023 181.446 9.269 190.715 Carrying amount At 31 December 2023 693.057 5,889 698,946 At 31 December 2022 708,597 7,852 716.449 10 Debtors 2023 2022 Amounts tslllng du• wlthln one ygar. Trade debtors Prepayments and accru&l income 25,318 2,165 29,367 5,191 27,481 34.558 11 CredltOTS: amounts falllng dug wlthin ong y•ar 2023 2022 Trade ueditors A¢cn4als and deferred irKome 20.276 8.820 18.909 7,575 29,096 26,484 11
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Restrfcted funds The restriQed funds of the charity c4)mpnse ts unexpended balar$ of donation8 and grants held on trust subpct lo specific cOndon8 by don$ as to how they may be used. At 1 January 2023 Incomlng rosou05 At31 Docember 2023 95.303 33,669 128.972 Prevlous yèar: At 1 January 2022 Incomlng rnsource5 At31 December 2022 74 95,229 95,303 13 Unrestrf¢t•d funds The unr8slricted funds olthe charity comprise the unexpended balances of donations and grant$ whith are not subject lo speiific conditions by donors and grantors as to how they may be used. These indude designated furKls which have been set aside out of unrestricaed funds ty the trustees for speeifK purposes. At 1 January In¢omlng Resources 2023 rgsour¢e8 9xnd•d At31 December 2023 General fvnds 947.661 536.910 {549,744) 934,827 Prnvlous year: At 1 January 2022 Incomlng Resources rgsourees expended At31 December 2022 General funds 957.610 512.125 {522,074} 947,661 12.
HOPE COMMUNITY SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Analys1$ of net assets between fund$ Unr8str1cted Rostrlctod funds fund$ 2023 2023 Totsl 2023 At 31 Decamber 2023: Tangible assets Current as8etsl{liablle9I 698,946 364.853 698,946 364,853 1,063,799 1.C63,799 Perbalance shwt Balance to allo¢ale 814.827 (248,972) 128,972 128,972 943,799 1120.0001 Unrestrlcted funds 2022 Restricted funds 2022 Totsl 2022 At 31 Decèmber 2022: Tangible assets Current assel81(liabilities) 716,449 326,515 716.449 326.515 1,042.964 1,042,$64 Per balance sheet Balance to allocate 827,861 1215,303) 95,303 95.303 922,964 (120,0001 15 Rolatod party transactlons There were disclosable related party transaction$ durirKJ the year (2022- none). 16 Analysls of changes in net funds At 1 JaThry 2023 Cash At 31 De¢gmber 2023 Cash al bank and in haThJ 318.441 48,027 366.468 318,441 48,027 366,468 13-