**Charity registration number 1135680** **Company registration number 07164190 (England and Wales)** **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024** ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** L J Ryan Z J Wilkinson L C Glover C Attwood H E Bolt F J Meredith **Charity number** 1135680 **Company number** 07164190 **Registered office** Overross House Ross Park Ross-On-Wye Herefordshire England HR9 7US **Independent examiner** Thorne & Co. 1 St Mary's Street Ross-on-Wye Herefordshire England HR9 5HT (Appointed 1 October 2023) (Appointed 1 October 2023) ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **CONTENTS** **----- Start of picture text -----**
Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17
**----- End of picture text -----**
## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ The trustees present their annual report and financial statements for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the 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 (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** Our charity’s objectives are as set out in the Articles of Association: “To relieve the mental and physical sickness of persons resident in the United Kingdom, in particular children and young people suffering from bereavement or loss or a serious health crisis of a family member by the provision of workshops and support. “To advance the education of professionals working with children and young people suffering from bereavement, loss or the serious illness of a family member by the provision of training.” The following quotation is pertinent to the setting of our aims and objectives; “Children who experience three or more stressful life events, such as family bereavements, divorce or serious illness are significantly more likely to develop emotional and behavioural disorders” (Source: The Office for National Statistics 21st October 2008). Main Objectives for the Year July 2023-June 2024 The trustees have had regard to the guidance issued by the Charity Commission on public benefit and the summary of the main activities for the year are: 1. Expand the financial scope of the charity to ensure diversification and source income from alternative and sustainable streams. 2. Further develop our blended service to effectively support 5–25-year-olds with a range of options for digital and face-to-face engagement via home or school. 3. Continue promoting and expanding throughout Herefordshire and beyond with a focus on reciprocal partnerships with schools, hospitals, and St Michael's Hospice. 4. Continued development of an effective management structure including Trustees, the Youth Management Team, and Senior Staff. 5. Development of existing workforce and recruitment of experienced and qualified staff to meet the growing demands for the Hope service. 6. To continue to develop operational systems, policies and procedures to ensure the safeguarding of service users and staff. Volunteers contribute to the work of the charity supporting by fundraising, but also in administration, publicity, marketing and support at youth sessions and activities. All members of staff also volunteer on a regular basis. The Youth Management Team (Y-Team) are all volunteers and are a significant part of the organisation. - 1 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **Achievements and performance** Significant achievements this year include: Procurement of significant funding for allocated provision and core costs from a range of sources including HCC Safer Communities Fund, Postcode Lottery and the Brailsford Trust. Translation of key information documentation into Polish. Development of bespoke practical support tools for use with young people in session. Ongoing consultancy regarding the script for illness and bereavement-based storylines in BBC's EastEnders. Continued provision of regular sessions delivered by the frontline team to young people across Herefordshire being accessed by growing numbers - 513 children and young people accessed support over this financial year, including 191 accessing for the first time. Increased involvement with schools with 2 members of staff predominantly working 1-1 with pupils in school time. Provision of, on average, 133 one-to-ones each month, online and face-to-face, for young people to share worries and work on coping strategies. Peer support remains key to our offer and this year the Team have delivered 80 youth sessions, 22 activity days/ small group projects and one summer residential, in venues across Herefordshire and online. Both the Youth Management Team and Advisory Team continue to thrive. ## **Financial review** The employment of a part time fundraiser has resulted in increased funding as well as early exploration of alternative income streams for the future. The Hope Team has worked hard to host fundraisers and engage with potential funders in person. Funding has been forthcoming from many sources, allowing our valuable delivery to work fully throughout the year. The year’s total income was £297,753, and we ended the year with a profit of £28,368. Our investment reserves now stand at £90,000. and this sum will shortly be moved to a more accessible account, to allow access for business expansion if required. ## **Funding sources** We are grateful to all the funders, large and small who have supported our charity throughout the year. Funding for the Charity sector remains challenging but our sources have been outstanding in supporting our work. The National Lottery Community Fund has continued to be our largest donor but this has added to by Children in Need, and monies from many other charitable trusts, coupled with individual and local group donations and fundraising events have been exceptional. ## **Reserves Policy** The Trustees continue to manage the investment cautiously and the investment represents approximately six months’ reserves. During the year it was agreed to turn the investment into a cash reserve removing the funds from mainly property bonds given the downturn in the property market. This cash reserve will be transferred to an interest earning saving account with a national bank managing ethical and socially responsible funds shortly. - 2 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **Plans for future periods** Aims and Objectives for the Future: ▪ Continued development of Board to best use skills and expertise available and access additional expertise with the intent of maintaining robust governance which allows for the potential growth of Hope Support Services. ▪ Safeguard the economic sustainability of the charity through continued development of a fundraising strategy focusing on non-restricted and sustainable income streams. ▪ Safeguard the economic efficacy of the charity through scrutiny of current practice. ▪ Strategic approach to raising awareness of Hope Support Services within Herefordshire and the surrounding counties with an aim to introducing a membership base. ▪ Development of education programme in collaboration with St Michael’s Hospice and The CLD Trust. ▪ Seek alternative accommodation for Hope Support Services aiming to both save money and ensure increased accessibility for young people. ## **Structure, governance and management** Hope’s Children & Young Peoples Support Services (Hope Support Services) is a company limited by guarantee and a registered charity. It is governed by its Articles of Association dated 22 February 2010 (revised 2 August 2022). In the event of the company being wound up directors are required to contribute an amount not exceeding £10. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: N A Wardale (Resigned 10 December 2023) L J Ryan Z J Wilkinson R W Young (Resigned 10 December 2023) L C Glover C Attwood H E Bolt (Appointed 1 October 2023) F J Meredith (Appointed 1 October 2023) - 3 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ The directors of the company are also charity trustees for the purposes of charity law. All trustees gave their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the Financial Statements. Due to the nature of the work of the charity, there is a mix of business, educational and medical expertise within the board of trustees. The trustees are familiar with the work of the charity, some having been involved since the early inception. New trustees are appointed by the existing trustees and are briefed on the objectives and work of the charity and provided with information and full supporting documentation including information on the statutory responsibilities of trustees. The trustees work with the CEO on a strategic level. The CEO has responsibility for the management of the charity. The trustees report was approved by the Board of Trustees. Z J Wilkinson ## **Trustee** 26 November 2024 - 4 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** I report to the trustees on my examination of the financial statements of Hope's Children & Young Peoples Support Services (the charity) for the year ended 30 June 2024. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Edward Richards FCCA** ## **Thorne & Co.** 1 St Mary's Street Ross-on-Wye Herefordshire HR9 5HT England Dated: 26 November 2024 - 5 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 JUNE 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
67,175
216,695
Other trading activities
**4**
13,883
-
**Total income**
81,058
216,695
**Expenditure on:**
Raising funds
**5**
15,493
-
Charitable activities
**6**
42,379
211,698
**Total expenditure**
57,872
211,698
Net gains/(losses) on
investments
**10**
185
-
**Net income/(expenditure)**
23,371
4,997
Transfers between
funds
10,169
(10,169)
**Net movement in**
**funds**
**7**
33,540
(5,172)
**Reconciliation of funds:**
Fund balances at 1 July 2023
126,580
55,407
**Fund balances at 30 June**
**2024**
160,120
50,235|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
283,870
30,916
192,954
13,883
15,434
-
297,753
46,350
192,954
15,493
16,995
-
254,077
50,766
183,225
269,570
67,761
183,225
185
(374)
-
28,368
(21,785)
9,729
-
7,780
(7,780)
28,368
(14,005)
1,949
181,987
140,585
53,458
210,355
126,580
55,407|**Total**
**2023**
**£**
223,870
15,434
239,304
16,995
233,991
250,986
(374)
(12,056)
-
(12,056)
194,043
181,987| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 6 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **BALANCE SHEET** ## _**AS AT 30 JUNE 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Investments
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
Loans and overdrafts
**15**
Other creditors
**16**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**18**
Unrestricted funds
**19**|**2024**
**£**
4,369
-
176,022
180,391
-
844
844|**£**
30,808
179,547
210,355
50,235
160,120
210,355|**2023**
**£**
4,369
93,098
58,020
155,487
9,427
1,020
10,447|**£**
36,947
145,040| |---|---|---|---|---| |||||181,987| |||||55,407
126,580| |||||181,987| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements 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 26 November 2024 Z J Wilkinson ## **Trustee** Company registration number 07164190 (England and Wales) - 7 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **1 Accounting policies** ## **Charity information** Hope's Children & Young Peoples Support Services is a private company limited by guarantee incorporated in England and Wales. The registered office is Overross House, Ross Park, Ross-On-Wye, Herefordshire, HR9 7US, England. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 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 charity 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 or grantors 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 charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 8 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **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: |Plant and equipment|25% on cost| |---|---| |Computers|25% on cost| |App|25% on cost| 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 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 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. ## **1.9 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 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity 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. - 9 - **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **1 Accounting policies** ## **(Continued)** ## _**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. ## _**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 charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 10 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **4 Income from other trading activities** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Fundraising events|13,883|15,434| **5 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |**Fundraising and publicity**||| |Staging fundraising events|770|1,121| |Staff costs|14,723|15,874| ||15,493|16,995| |**Expenditure on charitable activities**||| ||**Projects**|**Projects**| ||**2024**|**2023**| ||**£**|**£**| |**Direct costs**||| |Staff costs|186,476|170,310| |Depreciation and impairment|16,307|16,007| |Insurance|860|1,111| |Telephone|3,807|2,598| |Accountancy and legal fees|1,143|1,047| |Publicity|90|702| |Printing, stationery and computer consumables|4,247|4,006| |Premises|19,736|19,736| |Other costs|21,411|18,474| ||254,077|233,991| |**Analysis by fund**||| |Unrestricted funds|42,379|50,766| |Restricted funds|211,698|183,225| ||254,077|233,991| **6 Expenditure on charitable activities** - 12 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ |**7**|**Net movement in funds**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Depreciation of owned tangible fixed assets|16,307|16,007| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **9 Employees** The average monthly number of employees during the year was: |Management
Service Delivery
Fundraising
Total
**Employment costs**
Wages and salaries
Other pension costs|**2024**
**Number**
3
6
1
10
**2024**
**£**
197,626
3,573
201,199|**2023**
**Number**
2
8
-| |---|---|---| |||10| |||**2023**
**£**
182,051
4,133| |||186,184| There were no employees whose annual remuneration was more than £60,000. ## **10 Gains and losses on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|185|(374)| ## **11 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 13 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2024**_ |**12**
**Tangible fixed assets**
**Plant and**
**equipment**
**Computers**
**£**
**£**
**Cost**
At 1 July 2023
228
23,694
Additions
-
10,169
At 30 June 2024
228
33,863
**Depreciation and impairment**
At 1 July 2023
228
16,064
Depreciation charged in the year
-
5,313
At 30 June 2024
228
21,377
**Carrying amount**
At 30 June 2024
-
12,486
At 30 June 2023
-
7,631
**13**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**14**
**Current asset investments**
Listed investments
**15**
**Loans and overdrafts**
Bank overdrafts
Payable within one year|**12**
**Tangible fixed assets**
**Plant and**
**equipment**
**Computers**
**£**
**£**
**Cost**
At 1 July 2023
228
23,694
Additions
-
10,169
At 30 June 2024
228
33,863
**Depreciation and impairment**
At 1 July 2023
228
16,064
Depreciation charged in the year
-
5,313
At 30 June 2024
228
21,377
**Carrying amount**
At 30 June 2024
-
12,486
At 30 June 2023
-
7,631
**13**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**14**
**Current asset investments**
Listed investments
**15**
**Loans and overdrafts**
Bank overdrafts
Payable within one year|**12**
**Tangible fixed assets**
**Plant and**
**equipment**
**Computers**
**£**
**£**
**Cost**
At 1 July 2023
228
23,694
Additions
-
10,169
At 30 June 2024
228
33,863
**Depreciation and impairment**
At 1 July 2023
228
16,064
Depreciation charged in the year
-
5,313
At 30 June 2024
228
21,377
**Carrying amount**
At 30 June 2024
-
12,486
At 30 June 2023
-
7,631
**13**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**14**
**Current asset investments**
Listed investments
**15**
**Loans and overdrafts**
Bank overdrafts
Payable within one year||**App**
**£**
43,974
-
43,974
14,658
10,994
25,652
18,322
29,316|**Total**
**£**
67,896
10,169| |---|---|---|---|---|---| ||||||78,065| ||||||30,950
16,307| ||||||47,257| ||||||30,808| ||||||36,947| ||||||| ||||||| ||||**2024**
**£**
4,369
**2024**
**£**
-
**2024**
**£**
-
-||**2023**
**£**
4,369| ||||||**2023**
**£**
93,098| ||||||**2023**
**£**
9,427| ||||||9,427| - 14 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **16 Other creditors falling due within one year** |Trade creditors
Accruals and deferred income
**17**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
400
444
844
**2024**
**£**
3,573|**2023**
**£**
600
420| |---|---|---| |||1,020| |||**2023**
**£**
4,133| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **18 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
55,407
216,695
(211,698)
(10,169)
**Previous year:**
**At 1 July 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
53,458
192,954
(183,225)
(7,780)|**30 June**
**2024**
**£**
50,235| |---|---| ||**30 June**
**2023**
**£**
55,407| ## **19 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At**|**1**|**July 2023**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 30 June**| |---|---|---|---|---|---|---|---|---| |||||**resources**|**expended**||**losses**|**2024**| ||||**£**|**£**|**£**|**£**|**£**|**£**| |General funds|||126,580|81,058|(57,872)|10,169|185|160,120| - 15 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ |**19**|**Unrestricted funds**|||||||**(Continued)**| |---|---|---|---|---|---|---|---|---| ||**Previous year: At 1 July**||**2022**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 30 June**| |||||**resources**|**expended**||**losses**|**2023**| ||||**£**|**£**|**£**|**£**|**£**|**£**| ||General funds|140,585||46,350|(67,761)|7,780|(374)|126,580| |**20**|**Analysis of net assets between**|||**funds**||||| |||||||**Unrestricted**|**Restricted**|**Total**| |||||||**funds**|**funds**|| |||||||**2024**|**2024**|**2024**| |||||||**£**|**£**|**£**| ||**At 30 June 2024:**|||||||| ||Tangible assets|||||30,808|-|30,808| ||Current assets/(liabilities)|||||129,312|50,235|179,547| |||||||160,120|50,235|210,355| |||||||**Unrestricted**|**Restricted**|**Total**| |||||||**funds**|**funds**|| |||||||**2023**|**2023**|**2023**| |||||||**£**|**£**|**£**| ||**At 30 June 2023:**|||||||| ||Tangible assets|||||36,947|-|36,947| ||Current assets/(liabilities)|||||89,633|55,407|145,040| |||||||126,580|55,407|181,987| ## **21 Designated Funds** The Youth Management Team manages its own designated fund, and uses it to fundraise for activities such as youth sessions and Hope on the Road trips - ensuring Hope remains a charity of young people, for young people. The amount designated at year end was £2,213 (2023-£2,113). - 16 - ## **HOPE'S CHILDREN & YOUNG PEOPLES SUPPORT SERVICES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_ ## **22 Operating lease commitments** ## **Lessee** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years
**Lessor**|**2024**
**£**
12,464
-
12,464|**2023**
**£**
18,696
12,464| |---|---|---| |||31,160| |||| ## **23 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 17 -