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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 07341898 (England and Wales) REGISTERED CHARITY NUMBER: 1138402

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR HOPE PROJECTS (WEST MIDLANDS) LIMITED

Copia Wealth & Tax Limited Chartered Accountants Statutory Auditors 8 Pendeford Place Pendeford Business Park Wobaston Road Wolverhampton WV9 5HD

HOPE PROJECTS (WEST MIDLANDS) LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

HOPE PROJECTS (WEST MIDLANDS) LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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

Objectives and aims

Hope Projects exists to promote the welfare of asylum-seekers and immigrants in the West Midlands who are not settled or are recently settled in the United Kingdom within the meaning of the immigration act 1971 by the following means:

(a) the relief of poverty of such immigrants by the direct provision of assistance in cash or in kind to meet their accommodation or subsistence needs or reasonable expenses;

(b) the relief of the physical and mental sickness of such immigrants, in particular by the provision of counselling and support;

(c) the relief of financial hardship by the provision of free legal advice and assistance to such immigrants who, through lack of means, would otherwise be unable to obtain such advice;

(d) to advance the education of the public in general about the issues relating to refugees and those seeking asylum; and

(e) to promote human rights (as set out in the universal declaration of human rights and subsequent united nations conventions and declarations) throughout the world by all or any of the following means:

In furtherance of these objectives, but not otherwise, the trustees shall have power to engage in political activity provided that the trustees are satisfied that the proposed activities will further the purposes of the charity to an extent justified by the resources committed and the activity is not the dominant means by which the charity carried out its objectives.

Our Theory of change states that:

"Our overall aim is to overturn flawed refusals of asylum and so enable people to escape destitution and homelessness.

The most important person in the fight against flawed asylum refusals and destitution is the one that has been refused."

Our principal client group are those in the West Midlands made destitute by flawed asylum refusals.

Our principal services to that client group are:

Page 1

HOPE PROJECTS (WEST MIDLANDS) LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES Significant activities Achievements and performance

Afghanistan

The fall of Afghanistan to the Taliban in summer 2021 has repercussions across the sector. Hope became aware of a significant number of people who had previously been refused asylum on the grounds that although it was accepted that they were at risk of persecution by the Taliban, parts of Afghanistan, especially Kabul, were safe from Taliban influence and so they could return and safely relocate internally. The fall of Kabul meant these people could not safely return and so their cases must be reassessed. We undertook outreach into the Afghan community to identify and advise those affected; and where necessary to act as legal representatives to make further submissions.

Nearly 1 in 3 of our clients last year were Afghans. We rarely act as legal representatives, preferring to make it possible for clients to access legal aid, but in this crisis it became necessary. We acted as legal representative for 13 Afghan clients, 10 of whom have already been granted refugee status and a further 2 are being housed and supported by the Home Office while their cases are considered.

Covid

For a second year, Covid has had a significant impact on our services, on the services of our partners and, perhaps most significantly, by slowing down the asylum decision making of the Home Office. In total we:

Response to climate change

In 2021-22 we have fully implemented our smart heating controls across our housing and continued to improve the insulation of our properties, notably fitting internal and external wall insulation to our most recent acquired large property in partnership with the Passionist Brothers who have provided the house.

Reserves Policy

The term "Reserves" is used to describe that part of a charity's income funds that is freely available for its operating purposes not subject to commitments, planned expenditure and spending limits. Reserves do not include endowment funds, restricted funds and designated funds.

Designated funds

Hope Projects has designated funds of £50,000 to cover the costs of providing essential services to our clients should our income become interrupted; and £20,000 to meet any unexpected repair and refurbishment costs to our properties.

Reserves

Hope Projects has set a target for free reserves (after designated funds) of 15% of our budgeted expenditure for the following year. For this year that would be £62,772.

Our free reserves (after designated funds) at 31/3/2022 were £58,089.

Page 2

HOPE PROJECTS (WEST MIDLANDS) LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES Public benefit

The public benefit that flows from objective a) is increased safety and improved health for beneficiaries in receipt of accommodation and financial support, and a reduction is street homelessness benefitting both recipients and the wider community.

The public benefit from objective b) is improved health from increased engagement with primary and mental health services; enhanced active citizenship; a contribution to the life of the region through increased involvement in creative, sporting and educational activities; and increased volunteering.

The public benefit from objective c) is increased engagement with asylum decision making and improved asylum decision making, including the rectifying of miscarriages of justice that would have led to destitution or removal from the UK to face likely persecution.

The public benefit from objective d) is enhanced community integration and raised awareness of asylum related issues.

No significant work was carried out under objective e).

Trustees are confident that significant public benefit has flowed from Hope Projects' work in this year, and that there has been no harm.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07341898 (England and Wales)

Registered Charity number

1138402

Registered office

196-198 Edward Road Edward Road Balsall Heath Brimingham West Midlands B12 9LX

Trustees

D C Bennett Dr S Guru M Idrish (resigned 18.2.22) Ms C Short Dr R Sondhi Rev N W Johnson Ms L Calvey (appointed 21.7.21) D J Bradley (appointed 16.7.21) A S Randall (resigned 23.4.21)

Company Secretary

P W Davis

Page 3

HOPE PROJECTS (WEST MIDLANDS) LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Copia Wealth & Tax Limited Chartered Accountants Statutory Auditors 8 Pendeford Place Pendeford Business Park Wobaston Road Wolverhampton WV9 5HD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

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

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

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

In so far as the trustees are aware:

AUDITORS

The auditors, Copia Wealth & Tax Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 15 November 2022 and signed on its behalf by:

Rev N W Johnson - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HOPE PROJECTS (WEST MIDLANDS) LIMITED

Opinion

We have audited the financial statements of Hope Projects (West Midlands) Limited (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HOPE PROJECTS (WEST MIDLANDS) LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

We review financial statement disclosures and undertake testing to supporting documentation to assess compliance with applicable laws and regulations.

We perform audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business.

We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

We enquire of management around actual and potential litigation and claims.

We conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the union's ability to continue as a going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HOPE PROJECTS (WEST MIDLANDS) LIMITED

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Shaun Philpott FCA (Senior Statutory Auditor) for and on behalf of Copia Wealth & Tax Limited Chartered Accountants Statutory Auditors 8 Pendeford Place Pendeford Business Park Wobaston Road Wolverhampton WV9 5HD

15 November 2022

Page 7

HOPE PROJECTS (WEST MIDLANDS) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
24,995
Charitable activities
Protection of Asylum seekers
112,560
Investment income
3
10,775
Total
148,330
EXPENDITURE ON
Raising funds
14,701
Charitable activities
5
Property costs
73,355
Volunteer costs
4,374
Client wellbeing
919
Destitution fund
33,053
Staff other costs
-
Professional costs
7,258
Office costs
22,129
Protection of Asylum seekers
19,446
Total
175,235
NET INCOME/(EXPENDITURE)
(26,905)
RECONCILIATION OF FUNDS
Total funds brought forward
154,994
TOTAL FUNDS CARRIED FORWARD
128,089		 Restricted
funds
£
4,075
214,220
-
218,295
-
-
-
-
31,493
6,181
15,955
-
138,560
192,189
26,106
33,715
59,821		 2022
Total
funds
£
29,070
326,780
10,775
366,625
14,701
73,355
4,374
919
64,546
6,181
23,213
22,129
158,006
367,424
(799)
188,709
187,910		 2021
Total
funds
£
33,788
335,763
5,118
374,669
12,461
-
-
-
-
-
-
-
286,505
298,966
75,703
113,007
188,710

The notes form part of these financial statements

Page 8

HOPE PROJECTS (WEST MIDLANDS) LIMITED

BALANCE SHEET 31 MARCH 2022

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
8
11,013
Cash at bank and in hand
147,648
158,661
CREDITORS
Amounts falling due within one year
9
(30,572)
NET CURRENT ASSETS
128,089
TOTAL ASSETS LESS CURRENT
LIABILITIES
128,089
NET ASSETS
128,089
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
59,821
59,821
-
59,821
59,821
59,821		 2022
Total
funds
£
11,013
207,469
218,482
(30,572)
187,910
187,910
187,910
128,089
59,821
187,910		 2021
Total
funds
£
11,135
197,603
208,738
(20,029)
188,709
188,709
188,709
154,994
33,715
188,709

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 November 2022 and were signed on its behalf by:

N W Johnson - Trustee

The notes form part of these financial statements

Page 9

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Other grants and donations 2022
£
29,070		 2021
£
33,788

continued...

Page 10

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

3. INVESTMENT INCOME

3.
INVESTMENT INCOME
Rents received
Deposit account interest
Interest receivable - trading
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Protection of Asylum seekers
Grants received, included in the above, are as follows:
A B charitable Trust
Barrow Cadbury
Edward C Oldham Charitable Trust
Handsworth Charity
Homeless Link
Lloyds Bank Foundation
NACCOM
Oak Foundation
The Clothworkers Foundation
The Cole Charitable Trust
The George Cadbury Trust
The Roughley Trust
The Sheldon Trust
Margret Hayman's Trust Fund
Midland Legal
The Grimmitt Trust
The Saintbury Trust
William A Cadbury Charitable Trust
Other
South Birmingham Friends Institute Trust
The Access to Justice Foundation
Community Justice Fund
National Lottery Community Fund
Tudor Trust

continued...

Page 11

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

5. CHARITABLE ACTIVITIES COSTS

Property costs
Volunteer costs
Client wellbeing
Destitution fund
Staff other costs
Professional costs
Office costs
Protection of Asylum seekers		 Direct
Costs
£
72,755
4,374
919
64,546
1,108
15,955
-
138,560
298,217		 Support
costs
£
600
-
-
-
5,073
7,258
22,129
19,446
54,506		 Totals
£
73,355
4,374
919
64,546
6,181
23,213
22,129
158,006
352,723

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
150,094
8,490
4,203
**162,787 **		 2021
£
140,200
7,719
4,206
152,125

There were no employees (2021: Nil) whose emoluments (salaries, wages, benefits in kind) fell in a band in excess of £60,000.

The average monthly number of employees during the year was as follows:

2022 2021
Core staff 7 5

continued...

Page 12

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses
10.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
154,994
Restricted funds
Lloyds Bank Foundation
6,250
NACCOM
3,450
Oak Foundation
11,915
Quaker Housing Trust
12,100
Community Justice Fund
-
The National Lottery Community Fund
-
Tudor Trust
-
33,715
TOTAL FUNDS
188,709		 2022
£
11,013
2022
£
8,630
10,581
11,361
30,572
Net
movement
in funds
£
(26,905)
(6,250)
(3,450)
(11,915)
(12,100)
13,720
21,885
24,216
26,106
**(799) **		 2021
£
11,135
2021
£
4,539
6,831
8,659
20,029
At
31.3.22
£
128,089
-
-
-
-
13,720
21,885
24,216
59,821
187,910

continued...

Page 13

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Barrow Cadbury
Lloyds Bank Foundation
NACCOM
Oak Foundation
Quaker Housing Trust
Other restricted funds
Community Justice Fund
The National Lottery Community Fund
Tudor Trust
TOTAL FUNDS		 Incoming
resources
£
148,330
20,165
25,000
-
77,170
-
4,075
40,000
21,885
30,000
218,295
366,625		 Resources
Movement
expended
in funds
£
£
(175,235)
(26,905)
(20,165)
-
(31,250)
(6,250)
(3,450)
(3,450)
(89,085)
(11,915)
(12,100)
(12,100)
(4,075)
-
(26,280)
13,720
-
21,885
(5,784)
24,216
(192,189)
26,106
(367,424)
**(799) **

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Lloyds Bank Foundation
NACCOM
Oak Foundation
Quaker Housing Trust
The Roughley Trust
TOTAL FUNDS		 At 1.4.20
£
81,563
-
-
-
16,632
14,812
31,444
113,007		 Net
movement
in funds
£
73,431
6,250
3,450
11,915
(4,532)
(14,812)
2,271
75,702		 At
31.3.21
£
154,994
6,250
3,450
11,915
12,100
-
33,715
188,709

continued...

Page 14

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Barrow Cadbury
Handsworth Charity
Homeless Link
Lloyds Bank Foundation
NACCOM
Oak Foundation
Quaker Housing Trust
The Clothworkers Foundation
The Cole Charitable Trust
The George Cadbury Trust
The Roughley Trust
The Sheldon Trust
Other restricted funds
TOTAL FUNDS		 Incoming
resources
£
182,142
26,600
10,000
15,532
35,527
10,000
71,490
-
2,400
9,846
3,000
-
5,000
3,132
192,527
374,669		 Resources
Movement
expended
in funds
£
£
(108,711)
73,431
(26,600)
-
(10,000)
-
(15,532)
-
(29,277)
6,250
(6,550)
3,450
(59,575)
11,915
(4,532)
(4,532)
(2,400)
-
(9,846)
-
(3,000)
-
(14,812)
(14,812)
(5,000)
-
(3,132)
-
(190,256)
2,271
(298,967)
75,702

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Quaker Housing Trust
The Roughley Trust
Community Justice Fund
The National Lottery Community Fund
Tudor Trust
TOTAL FUNDS		 At 1.4.20
£
81,563
16,632
14,812
-
-
-
31,444
113,007		 Net
movement
in funds
£
46,526
(16,632)
(14,812)
13,720
21,885
24,216
28,377
74,903		 At
31.3.22
£
128,089
-
-
13,720
21,885
24,216
59,821
187,910

Page 15

continued...

HOPE PROJECTS (WEST MIDLANDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Barrow Cadbury
Handsworth Charity
Homeless Link
Lloyds Bank Foundation
NACCOM
Oak Foundation
Quaker Housing Trust
The Clothworkers Foundation
The Cole Charitable Trust
The George Cadbury Trust
The Roughley Trust
The Sheldon Trust
Other restricted funds
Community Justice Fund
The National Lottery Community Fund
Tudor Trust
TOTAL FUNDS		 Incoming
resources
£
330,472
46,765
10,000
15,532
60,527
10,000
148,660
-
2,400
9,846
3,000
-
5,000
7,207
40,000
21,885
30,000
410,822
741,294		 Resources
Movement
expended
in funds
£
£
(283,946)
46,526
(46,765)
-
(10,000)
-
(15,532)
-
(60,527)
-
(10,000)
-
(148,660)
-
(16,632)
(16,632)
(2,400)
-
(9,846)
-
(3,000)
-
(14,812)
(14,812)
(5,000)
-
(7,207)
-
(26,280)
13,720
-
21,885
(5,784)
24,216
(382,445)
28,377
(666,391)
74,903

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

12. EXPENDITURE ON CHARITABLE ACTIVITIES

Within the expenditure on charitable activities of £352,723 during the year as set out in Note 5, there was expenditure of £64,546 in respect of destitution fund payments to asylum seekers and £73,355 of expenditure in respect of maintenance and running costs on properties provided to asylum seekers.

Page 16

HOPE PROJECTS (WEST MIDLANDS) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Other grants and donations
Investment income
Rents received
Deposit account interest
Interest receivable - trading
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Cost of sales and admin exp
Other trading activities
Interpretation costs
Charitable activities
Wages
Social security
Pensions
Recruitment
Grants to beneficiaries
Sundries
Repairs and maintenance
Legal and professional
Rates and water
Light and heat
Telephone
Travel and training
Support costs
Management
Wages
Carried forward		 2022
£
29,070
10,684
-
91
10,775
326,780
366,625
9,017
838
271
-
10,126
4,575
128,503
6,502
3,555
1,108
65,465
757
37,166
15,955
10,966
20,173
3,693
4,374
298,217
12,574
12,574		 2021
£
33,788
5,000
3
115
5,118
335,763
374,669
11,099
842
333
187
12,461
-
111,506
5,428
3,345
540
52,598
1,727
19,811
8,940
11,011
10,437
2,760
11,613
239,716
17,595
17,595

This page does not form part of the statutory financial statements

Page 17

HOPE PROJECTS (WEST MIDLANDS) LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Management
Brought forward
Social security
Pensions
Insurance
Legal and professional
Finance
Working from home expenses
Office costs
Travel and training
Other
Sundries
Bank charges
Total resources expended
Net (expenditure)/income		 2022
£
12,574
1,150
377
2,699
7,858
24,658
1,614
21,836
3,459
26,909
2,646
293
2,939
367,424
**(799) **		 2021
£
17,595
1,449
528
2,382
6,950
28,904
-
17,337
-
17,337
238
311
549
298,967
75,702

This page does not form part of the statutory financial statements

Page 18