Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
COMPANY REGISTRATION NUMBER: 06431882 CHARITY REGISTRATION NUMBER: 1140070
Hampton & Hampton Hill Voluntary Care Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' Annual Report (incorporating the Directors' Report) | 1 |
| Independent Examiner's Report to the Trustees | 11 |
| Statement of Financial Activities (including Income and | |
| Expenditure Account) | 12 |
| Statement of Financial Position | 13 |
| Notes to the Financial Statements | 14 |
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 31 March 2024
The Trustees, who are also the Directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Chair’s Statement
It has been another challenging year of change for the charity. As you will read from the financial review the charity made another substantial loss albeit lower than our original forecast but clearly not something that is sustainable over the medium term. Part of the reason for increased costs was the recruitment of two new part-time Operational Managers posts on an ‘experimental” basis, a decision that could be reversed if funding could not be found for a longer term appointment. Like many charities we are faced with a rising overhead cost challenge and, whilst inflation may reduce over the coming months, we will not see a return to the level of costs before the pandemic. Maintaining the fabric of the Greenwood Centre has been a constant challenge with our limited resources and this situation was exacerbated in the autumn of 2023 when it became necessary to replace the flat roof over the Stanton Hall at considerable cost.
In face of the above, we commenced a fundraising exercise at the back end of 2023 by engaging an external fundraiser, not something that the charity had previously done. I am pleased to say that this exercise was more successful than we had hoped and a total of £135,000 was raised to be spread over the next five years. £12,500 of this supported the roof replacement costs with the balance coming from a loan provided by Hampton Fund. As the roof repairs were not completed until post our balance sheet date, you will not see the effect in these financial statements. With the additional fundraising, we will look to rebuild our reserves in the medium term. We will also need to keep our foot on the fundraising accelerator as we need to maintain a strong pipeline of new funding sources to maintain our financial stability for subsequent periods. We would like to expand our range of support for the community but this will depend on finding additional funding.
I would like to thank the following funders who have supported us: Hampton Fund, the National Lottery, LBRUT Civic Pride Fund, City Bridge, Bernard Sunley Foundation, The Masonic Charitable Foundation and the Francis Winham Foundation. I would also like to thank many of you who contributed to our Just Giving fund for roof replacement costs.
For the coming year we remain focused on delivering support to our local community and welcoming more people and community groups to the Greenwood Centre. As ever this could not be achieved without the dedicated hard work of our staff, volunteers and trustees and I thank you all once again.
………………………………………………………… Anthony Nash - Chair
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Reference and administrative details
Registered charity name Hampton & Hampton Hill Voluntary Care Charity registration number 1140070 Company registration number 06431882 Principal office and registered The Greenwood Community Centre office School Road Hampton Hill TW12 1QL
The Trustees Anthony Nash - Chair David Munby - Vice Chair Asoka Karandawala - Treasurer Maria Brent (Appointed 22 November 2023) Wendy Jones Susan Martineau (Retired 12 May 2023) Bryan Searle Fiona Smith (Retired 4 August 2023)
Chief Executive Officer Robert McRae-Adams Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner David Howard Accountants 5 The Square Bagshot Surrey GU19 5AX
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Structure, governance and management
Governing document
The company is a registered charity following the grant of charitable status by the Charity Commission on 27 January 2011. The governing document of the charitable company is its Memorandum and Articles of Association.
The principal objects of the charity are to promote and provide social services of a charitable nature for the benefit of our community with the aim of improving the conditions of life of the persons for whom the services are intended and of training them in the principles of good citizenship.
In the event of the charity being wound up, every member of the charity undertakes to contribute such amount as may be required (not exceeding £10) to the charity's assets for payment of the charity's debts and liabilities and the costs, charges and expenses of winding up; if a surplus remains after the charity is wound up, it shall be given to another charity or charities having similar objects including the prohibition of the distribution to its members.
Recruitment and Appointment of Management Committee
The Trustees of the charity are known as members of the Management Committee. Under the requirements of the Articles of Association the number of Trustees (to include Chair, Vice Chair and Treasurer) shall not be less than three and shall not exceed fifteen.
At each Annual General Meeting one third of Trustees who are subject to retirement by rotation shall retire from office; the Trustees to retire shall be those who have been longest in office since their last appointment or re-appointment. If the charity at the meeting at which a Trustee retires by rotation does not fill the vacancy, the retiring Trustee shall in normal circumstances, if willing to act, be deemed to have been reappointed. The Management Committee seeks to ensure that the needs of the charity are appropriately reflected through the diversity of the Trustee body.
Trustee Induction and Training
Trustees are recruited, inducted and trained, and carry out their responsibilities guided by advice provided by a number of umbrella organisations, for example, Richmond Council for Voluntary Services. The Board of Trustees is familiar with the practical work of the charity and Trustees have been inducted into their responsibilities by the Chair and the Chief Executive Officer.
The Board of Trustees is also encouraged to participate in the charity's objectives. Detailed financial and operational information is provided to the Trustees at each meeting and explanation of this is provided when a Trustee discloses that he/she does not understand the full implications of the information given. Trustees are aware of the various Charity Commission publications that can be obtained to assist them with their duties as Trustees.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Structure, governance and management (continued)
Risk assessment
The Trustees regularly assess the risks to which the charity is exposed, in particular those relating to the operations and finance. The Trustees are satisfied that systems, where practicable, are in place to mitigate exposure to the major risks.
Major risks of running the charity are:
Absence of sufficient and appropriate insurance
Appropriate insurance is in place to cover all aspects of the charity's operations including cover for public liability, employers' liability, building and contents.
Insufficient funding
Under our financial policy procedures, quarterly management accounts and comparison with budgets are prepared to ensure that there are sufficient funds in order for the charity to continue. The cash position is continually monitored. The charity would not take on any financial commitment without ensuring that there was adequate funding or reserves. The funding of the charity is reliant on the financial support of Hampton Fund, the London Borough of Richmond upon Thames (via Age UK Richmond), funding through the Community Independent Living Scheme, grants from other funders and income from the lettings of the hall and rooms at The Greenwood Community Centre. The Trustees and senior management are closely involved in consultation meetings to discuss future sources of funding. We are constantly seeking new hirers for the hall and rooms at The Greenwood Community Centre to ensure that the income stream from this activity remains sound and contributes a significant amount to the costs of running the charity.
Fall in the number of volunteers
Trustees and management are always seeking new volunteers since age or infirmity can prevent existing volunteers from continuing to provide services to the charity. New volunteers are sought via our website, through postal campaigns and by networking in the community.
Organisational Structure
The Board of Trustees is responsible for the strategic direction and policy of the charity. At present, the Board of Trustees comprises members from a variety of professional backgrounds and several members who are regularly involved in the activities of the charity.
The charity has one full time member of staff known as the Chief Executive Officer, who is responsible for the operational performance of the charity. Two part-time members of staff are employed to support the work of our organisation: one provides a focus on the Befriending Services and the Men's Club and the other provides generic support across all services. The Lettings Manager and his successor look after the lettings of rooms at the Greenwood Community Centre. Caretakers are employed on a part time basis as required. A process of delegation is in place for volunteers and part time staff and the dayto-day responsibility of the services rests with the Chief Executive Officer.
The Trustees and the Chief Executive Officer are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Trustees meet formally on a quarterly basis and at least twice more on an ad hoc basis to consider finance and funding, personnel, policies and procedures as well as performance against the key activities of the charity. The Treasurer oversees the financial control and where possible, due to the size of the organisation, other duties are delegated between nominated members of staff who are paid employees and key volunteers.
The last Annual General Meeting was held on 28 November 2023.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Related Parties
There are no related parties who have had influence with funders. There were no related party transactions during the year.
Objectives and activities
The primary objective of Hampton & Hampton Hill Voluntary Care ("H&HHVC") within the framework of promoting health and well-being in the community is to provide a range of services of a charitable nature in accordance with the Memorandum of Association of the company.
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission regarding public benefit reporting. The Trustees believe that the activities undertaken by the charity, as summarised in the following two paragraphs and as described more fully in the section of this Report under the heading "Achievements and Performance", constitute the proper provision of public benefit to those who make use of the support and services offered by the charity. The support and services offered are provided at minimal cost and there is therefore little financial burden placed on the users.
We reach out to those in need of help through ill health, poverty, mental or physical stress or any handicapped or underprivileged condition by improving the quality of their life through an outreach Neighbourhood Care Project, a Community Integrated Accessible Transport Project, a focused Information Service and our Community Centre, The Greenwood Community Centre. We support them in their day-to-day living, complementing statutory services and those available from other providers. We aim to reduce the level of exclusion felt by many even in this relatively affluent area.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Community Transport
This service supports our clients who have mobility problems or who may be more isolated and unable to use existing services or public transport.
We have an accessible transport project in partnership with Richmond & Kington Accessible Transport (RAKAT CT LTD) comprising three minibuses which supports clients to access local services such as Homelink Day Respite Care, Linden Hall and Elleray Hall, door to door shopping buses and excursions. We also have a team of volunteer car drivers who take clients to health, social and recreational appointments.
Our transport services continued to be affected by the pandemic meaning we ran fewer local bus services and have had to restrict our volunteer transport offer to service users.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Achievements and performance ( continued )
Greenwood Community Centre
We manage Greenwood Community Centre on behalf of the Hampton Fund and this provides an excellent base for our offices and for many local groups and organisations who share our aims in creating and supporting both young and old.
We provide accessible and affordable space, encouraging and supporting groups in health and wellbeing, broadening of education, recreation, physical activity and social inclusion. The standard of facilities is high, well regarded and the cost of premises hire is maintained at an affordable level.
The rental income contributes to the overall costs of the charity in running the premises.
After a review of the way space was being used at the Centre, we also took the opportunity to relocate the office space to the front of the building and create a new hire space which we call the Rowan Hall.
Befriending Services
Befriending Services also continued to be impacted upon by social distancing requirements. However, we have managed to re-start more traditional face to face services over this year. Groups and activities have also resumed but we have continued to offer the “On Your Doorstep” services such as shopping, prescription collection and delivery and welfare parcels throughout the year.
As a result of the pandemic, we now offer a wider choice of services, integrating those we developed specifically over the lockdown as part of our regular offer to our clients.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Communication and Publicity
The website (www.greenwoodcommunity.org.uk) and five social media channels (Facebook, Twitter, Instagram, Pinterest and NextDoor) all provide regular updates of local community news and activities at Greenwood Community Centre. In March 2022 we re-introduced our newsletter “The Greenwood Post”, primarily in digital format and circulated to our clients in printed copy.
We continue to support people who telephone or call in personally at Greenwood Community Centre and ensure they are signposted to the appropriate support such as the Community Independent Living Service, for information and guidance.
We are continuing to offer our Digital Inclusion Programme. A small group of volunteers act as “Digital Buddies” helping clients to maximise their understanding and use of their smart devices. We now offer Befriending via Zoom and integrate the use of technology into our regular services, including monitoring and feedback from volunteers working in the community.
Volunteers
Volunteers are vital to our charity. We recruit volunteers from a variety of backgrounds and every individual brings experience and knowledge to support our work. We offer ongoing training and support and organise social events to show our appreciation of their commitment to the charity and their community. We recruit volunteers from our local area to reflect the local demographic but are also looking further afield to find key volunteers who can bring added experience and diversity to the team.
We have a much more transient group of volunteers; we saw many new volunteers at the beginning of the pandemic but faced a substantial drop in numbers once they began to return to work. Numbers of registered volunteers have now dropped to 93, a substantial drop from the pandemic number of 248.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Financial review
The charity's total income increased by £25,219 from £116,740 to £141,959. Donations increased by £4,725 and lettings by £6,126. Service User Registrations showed a small decrease of £302.
Grants from Hampton Fund increased by £9,900 to £30,000 in the year and the Age UK grants increased by inflation. This increase reflected the Charity reserves reducing to less than 12 months of reserves.
Expenditure on charitable activities increased by £14,787 from £159,196 to £173,983. This was mainly due to salary costs increasing by £18,290 due to 2 part-time managers being employed during the year to assist the CEO to be able to fund raise more effectively. This increase was offset by establishment costs decreasing by £1,595 and professional fees decreasing by £2,088.
The above resulted in a deficit of £32,024 for the compared to the deficit in the previous year of £42,456.
There was a major fund-raising effort in the year along with the help of a professional fund raiser which resulted in grants and donations promised of nearly £135,000 over the next 5 years, some of which was received shortly before the year end for use in the next financial year. Thes amounts received shortly before the year end amounted to £29,602 and is shown in the balance sheet as deferred grants, which helped increase the cash balances at the year end. This is reflected in the balance sheet with reserves reduced by the deficit but cash balances increasing slightly compared to the previous year.
This fund-raising effort was due to the need to diversify from the current regular grant givers and to fund raise to repair part of the Centre’s roof which cost nearly £45,000 and was carried out shortly after the year end. The Charity has also agreed a long-term loan from the building owner, the Hampton Fund to fund any of the unfunded costs of the roof repairs and this would alleviate the cashflow situation in the medium term.
Restricted and unrestricted income funds
The restricted income from grants has either been utilised during the year or provision at 31 March 2024 has been made for unspent funds at that date to be utilised during the current financial year. The balances on restricted funds at 31 March 2023 of £338 represent the written down values at that date of a laptop which was purchased from the grants provided by the London Borough of Richmond upon Thames and these were fully written down in 2024. Full details are shown in Note 18 to the financial statements. The balance of unrestricted funds decreased from £131,212 to £99,526.
Reserves
As stated above, on 31 March 2024, the unrestricted reserves amounted to £99,526. Our reserves policy is to retain sufficient reserves to meet essential expenses for a period of 4.5 months. The budgeted expenditure for the current financial year is £229,872 and most this increase is due to the roof repairs estimated at £45,000. Strenuous efforts will continue to be made to continue fundraising efforts to ensure continuing financial viability of the charity.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Financial review (continued)
Reserves Policy
H&HHVC operates a reserves policy which determines the level of unrestricted funds which we need to hold as reserves or working capital, to maintain the organisation's core activities and ensure continuity as a going concern in the event that funding from external sources for core or essential activities ceases or is seriously curtailed. This policy requires us to maintain sufficient General Funds to enable these essential activities to be continued for a period of 4.5 months whilst other funds are being sought or decisions made about the level of future activity. It is a principle of the policy that unrestricted funds not required as working capital or for other purposes should not be retained unnecessarily but should be invested in the future of the organisation and for the benefit of the local community. Based on unrestricted reserves of £99,526 at 31 March 2024 and budgeted expenditure of £229,872 in the current financial year, the requirements of the reserves policy to retain reserves for essential expenditure for 4.5 months have been met.
Plans for future periods
We have continued to review and develop the governance of the organisation and have successfully recruited a new Board member to bring a wider range of skills and experience to the organisation. We are actively looking at the capacity and resources of the Charity to ensure we can develop the services we can offer to the wider community.
Statement of Trustees’ responsibilities
The Trustees, who are also the Directors of Hampton & Hampton Hill Voluntary Care for the purpose of company law, are responsible for preparing the Trustees’ Report 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 31 March 2024
Financial review (continued)
Small companies provision statement
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
The Trustees' Annual Report (incorporating the Directors' Report) and the strategic report were approved on 14 September 2024 and signed on behalf of the Board of Trustees by:
……………………………………………. Anthony Nash - Chair Trustee and Director
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Hampton & Hampton Hill Voluntary Care
Year ended 31 March 2024
I report to the Trustees on my examination of the financial statements of Hampton & Hampton Hill Voluntary Care ('the charity') for the year ended 31 March 2024, which are set out on pages 12 to 25.
Responsibilities and basis of report
As the Trustees of the company (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 accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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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
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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 accounts to be reached.
……………………………………………………………….
David Howard Accountants 5 The Square Bagshot Surrey GU19 5AX
Date:
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 31,113 | – | 31,113 | 26,388 |
| Charitable activities | 6 | 43,258 | 65,255 | 108,513 | 89,386 |
| Investment income | 7 | 2,333 | – | 2,333 | 966 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 76,704 | 65,255 | 141,959 | 116,740 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 108,390 | 65,593 | 173,983 | 159,196 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 108,390 | 65,593 | 173,983 | 159,196 | |
| ================================ | ============================ | ================================ | ================================ | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in | funds | (31,686) | (338) | (32,024) | (42,456) |
| ================================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 131,212 | 338 | 131,550 | 174,006 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 99,526 | - | 99,526 | 131,550 | |
| ================================ | ============================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 14 to 25 form part of these financial statements.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 14 | 10,869 | 13,844 | |
| Current assets | ||||
| Debtors | 15 | 16,355 | 16,792 | |
| Cash at bank and in hand | 119,929 | 118,004 | ||
| -------------------------------- | -------------------------------- | |||
| 136,284 | 134,796 | |||
| Creditors: amounts falling due within one year | 16 | 47,627 | 17,090 | |
| -------------------------------- | -------------------------------- | |||
| Net current assets | 88,657 | 117,706 | ||
| -------------------------------- | ---------------------------- | |||
| Total assets less current liabilities | 99,526 | 131,550 | ||
| -------------------------------- | ---------------------------- | |||
| Net assets | 99,526 | 131,550 | ||
| ================================ | ============================ | |||
| Funds of the charity | ||||
| Restricted funds | - | 338 | ||
| Unrestricted funds | 99,526 | 131,212 | ||
| -------------------------------- | ---------------------------- | |||
| Total charity funds | 18 | 99,526 | 131,550 | |
| ================================ | ============================ |
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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;
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the Board of Trustees/Directors and authorised for issue on 14 September 2024, and are signed on behalf of the Board by:
…………………………………………………………… …………………………………………………………..
Anthony Nash - Chair
Trustee and Director
Asoka Karandawala - Treasurer Trustee and Director
The notes on pages 14 to 25 form part of these financial statements.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Greenwood Community Centre, School Road, Hampton Hill, TW12 1QL.
2. Statement of compliance
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, 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)” (as amended for accounting periods commencing from 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical basis with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees/Directors to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the Trustees/Directors for particular future projects or commitments.
Restricted funds are those funds that can be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
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Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Equipment costing £500 or less is not capitalised but is expenses in the year of purchase.
- 15 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| - | Equipment 15% |
|---|---|
| - | Computers 33% |
| - | Office Relocation 15% |
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-to is limited to £10.
The requirements of the Charities Acts do not allow the distribution of a surplus on winding up to the members. Any such surplus must with the authority of the Charity Commissioners be paid either to another approved registered charity or to the Charity Commission.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| General Donations | 21,309 | - | 21,309 |
| Transport Income | 5,129 | - | 5,129 |
| Gift Aid Refunds | 556 | - | 556 |
| Fundraising | - | - | - |
| Service User Registrations | 4,119 | - | 4,119 |
| Grants | |||
| None | - | - | - |
| ---------------------------- | -------------- | ---------------------------- | |
| 31,113 | - | 31,113 | |
| ============================ | ============== | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| General Donations | 16,486 | - | 16,486 |
| Transport Income | 4,801 | - | 4,801 |
| Gift Aid Refunds | 680 | - | 680 |
| Fundraising | - | - | - |
| Service User Registrations | 4,421 | - | 4,421 |
| 26,388 | - | 26,388 | |
| ============================ | ============== | ============================ |
- 16 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Charitable activities
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| London Borough of Richmond upon Thames | - | 250 | 250 | ||
| Age UK Richmond | - | 18,454 | 18,454 | ||
| Hampton Fund | - | 30,000 | 30,000 | ||
| Community Ind Living Scheme | - | 10,150 | 10,150 | ||
| Income from the use of the Greenwood Community | |||||
| Centre | 43,258 | - | 43,258 | ||
| National Lottery | |||||
| Other Grants | - | - | - | ||
| CILS (Men's Project) | - | 5,074 | 5,074 | ||
| National Lottery | 1,327 | 1,327 | |||
| -------------------------------- | ---------------------------- | -------------------------------- | |||
| 43,258 | 65,255 | 108,513 | |||
| ================================ | ============================ | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| London Borough of Richmond upon Thames | - | 1,098 | 1,098 | ||
| Age UK Richmond | - | 16,805 | 16,805 | ||
| Hampton Fund | - | 20,100 | 20,100 | ||
| Community Ind Living Scheme | - | 9,501 | 9,501 | ||
| Income from the use of the Greenwood Community | |||||
| Centre | 37,132 | - | 37,132 | ||
| Other Grants | - | - | - | ||
| CILS (Men's Project) | - | 4,750 | 4,750 | ||
| ---------------------------- | ---------------------------- | -------------------------------- | |||
| 37,132 | 52,254 | 89,386 | |||
| ============================ | ============================ | ================================ | |||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 2,333 | 2,333 | 966 | 966 | |
| ============== | ============== | ============== | ============== |
- 17 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Greenwood Community Centre Operation | 82,113 | 65,255 | 147,368 | |
| Support Costs | 26,277 | 338 | 26,615 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Expenditure on charitable activities | 108,390 | 65,593 | 173,983 | |
| ============================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Greenwood Community Centre Operation | 80,370 | 52,254 | 132,624 | |
| Support Costs | 25,418 | 1,154 | 26,572 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Expenditure on charitable activities | 105,788 | 53,408 | 159,196 | |
| ============================ | ============================ | ================================ | ||
| 9. | Expenditure on charitable activities by activity type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Greenwood Community Centre Operation | ||||
| Salaries, National Insurance & Pension | 50,330 | 65,005 | 115,335 | |
| Establishment Costs | 29,412 | - | 29,412 | |
| Equipment | - | - | - | |
| Activities expenditure | 2,142 | 250 | 2,392 | |
| Other Costs | 229 | - | 229 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total Greenwood Community Centre Operation Costs | 82,113 | 65,255 | 147,368 | |
| ============================ | ============================ | ================================ | ||
| Support Costs | ||||
| Administration | 16,262 | - | 16,262 | |
| Publicity & Fundraising | 5,677 | - | 5,677 | |
| Depreciation | 2,638 | 338 | 2,976 | |
| Loss on disposal of fixed assets | - | - | - | |
| Independent Examiner's Fees | 1,700 | - | 1,700 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total Support Costs | 26,277 | 338 | 26,615 | |
| ============================ | ============================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Expenditure on charitable activities | 108,390 | 65,593 | 173,983 | |
| ============================ | ============================ | ================================ | ||
| Support | Governance | |||
| Costs | Costs | 2024 | ||
| £ | £ | £ | ||
| Provision of services to clients | 24,915 | 1,700 | 26,615 | |
| ================================ | ================================ | ================================ |
Support costs include general office running costs, depreciation and publicity and fundraising costs.
Governance costs represent fees paid for the independent examination of the Financial Statements
- 18 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
9. Expenditure on charitable activities by activity type (continued)
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2023 |
|
| £ | £ | £ | |
| Greenwood Community Centre Operation | |||
| Salaries, National Insurance & Pension | 45,888 | 51,156 | 97,044 |
| Establishment Costs | 31,007 | - | 31,007 |
| Equipment | - | - | - |
| Activities expenditure | 3,159 | 1,098 | 4,257 |
| Other Costs | 316 | - | 316 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| Total Greenwood Community Centre Operation Costs | 80,370 |
52,254 | 132,624 |
| ============================ | ============================ | ================================ | |
| Support Costs | |||
| Administration | 20,109 | - | 20,109 |
| Publicity & Fundraising | 1,175 | - | 1,175 |
| Depreciation | 2,634 | 1,154 | 3,788 |
| Loss on disposal of fixed assets | - | - | - |
| Independent Examiner's Fee | 1,500 | - | 1,500 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| Total Support Costs | 25,418 | 1,154 | 26,572 |
| ============================ | ============================ | ================================ | |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| Expenditure on charitable activities | 105,788 | 53,408 | 159,196 |
| ============================ | ============================ | ================================ | |
| Support | Governance | ||
| Costs | Costs | 2023 |
|
| £ | £ | £ | |
| Provision of services to clients | 25,072 | 1,500 | 26,572 |
| ================================ | ================================ | ================================ | |
| Support costs include general office running costs, | depreciation and publicity and fundraising | ||
| costs. |
Governance costs represent fees paid for the independent examination of the Financial Statements
10. Net income
Net income is stated after charging:
| Net income is stated after charging: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 2,975 | 3,788 | |
| ======================= | ======================= | ||
| 11. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 1,700 | 1,500 | |
| ======================= | ======================= |
- 19 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 111,435 | 94,673 |
| Social security costs | 1,419 | 658 |
| Employer contributions to pension plans | 2,480 | 1,713 |
| ---------------------------- | -------------------------------- | |
| 115,334 | 97,044 | |
| ============================ | ================================ |
The average head count of employees during the year was 9 (2022: 9). The average number of full-time equivalent employees during the year is analysed as follows:
| full-time equivalent employees during the year is analysed as | follows: | |
|---|---|---|
| 2024 | 2023 | |
| No. | No. | |
| Number of Greenwood Community Centre staff | 3.2 | 2.5 |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £87,088 (2023: £64,927).
13. Trustee remuneration and expenses
Except as stated below, there were no Trustees’/Directors' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
As permitted by Section 185 of the Charities Act 2011, Neil Ritchie, a Trustee and the former Treasurer, received fees for accountancy and payroll services of £1,800 in the previous financial year to 31 March 2023.
There were no Trustees’/Directors' expenses paid for the year ended 31 March 2024 or for the year ended 31 March 2023.
- 20 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Tangible fixed assets
| Equipment | |||
|---|---|---|---|
| and Office | |||
| Relocation | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 April 2023 | 69,013 | 69,013 | |
| Additions | - | - | |
| Disposals | - | - | |
| ---------------------------- | ---------------------------- | ||
| At 31 March 2024 | 69,013 | 69,013 | |
| ============================ | ============================ | ||
| Depreciation | |||
| At 1 April 2023 | 55,169 | 55,169 | |
| Charge for the year | 2,975 | 2,975 | |
| Disposals | - | - | |
| ---------------------------- | ---------------------------- | ||
| At 31 March 2024 | 58,144 | 58,144 | |
| ============================ | ============================ | ||
| Carrying amount | |||
| At 31 March 2024 | 10,869 | 10,869 | |
| ============================ | ============================ | ||
| At 31 March 2023 | 13,844 | 13,844 | |
| ============================ | ============================ | ||
| 15. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 14,827 | 15,145 | |
| Prepayments and accrued income | 1,528 | 1,648 | |
| Other debtors | – | - | |
| ---------------------------- | ---------------------------- | ||
| 16,355 | 16,792 | ||
| ============================ | ============================ | ||
| 16. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 3,176 | 915 | |
| Accruals and deferred income | 42,197 | 14,702 | |
| Social security and other taxes | 2,254 | 1,473 | |
| Other creditors | - | - | |
| ---------------------------- | ---------------------------- | ||
| 47,627 | 17,090 | ||
| ============================ | ============================ |
17. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,480 (2023: £1,713).
- 21 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 1 April 2023 | Income | Expenditure | Transfers | 31 March 2024 | |
| £ | £ | £ | £ | £ | ||
| General funds | 111,212 | 76,704 | (108,390) | - | 79,526 | |
| Designated Fund - | ||||||
| Building repairs and | ||||||
| refurbishment and other | ||||||
| capital expenditure (see | ||||||
| Note below) | 20,000 | - | - | - | 20,000 | |
| ---------------------------- | -------------------------------- | ---------------------------- | -------------- | -------------------------------- | ||
| 131,212 | 76,704 | (108,390) | - | 99,526 | ||
| ============================ | ================================ | ============================ | ============== | ================================ | ||
| At | ||||||
| At | 1 April 2022 | Income | Expenditure | Transfers | 31 March 2023 | |
| £ | £ | £ | £ | £ | ||
| General funds | 152,514 | 64,486 | (105,788) | - | 111,212 | |
| Designated Fund - | ||||||
| Building repairs and | ||||||
| refurbishment and other | ||||||
| capital expenditure | 20,000 | - | - | - | 20,000 | |
| ---------------------------- | -------------------------------- | ---------------------------- | ----------------------- | ---------------------------- | ||
| 172,514 | 64,486 | (105,788) | - | 131,212 | ||
| ============================ | ================================ | ============================ | ======================= | ============================ |
- 22 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At 1 April 2023 | Income | Expenditure | 31 March 2024 | |
| £ | £ | £ | £ | |
| Chief Executive Officer's & Principal | ||||
| employees' salary and management | ||||
| costs | - | 63,678 | (63,678) | - |
| The Fore (Raft Fund) | - | - | - | - |
| LBRuT Covid Emergency Grant | - | - | - | - |
| London Community Foundation | - | - | - | - |
| LBRuT Covid PPE Grant | - | |||
| LBRuT Other activites | - | 250 | (250) | - |
| National Lottery | - | - | - | - |
| Flower Beds Maintenance | - | - | - | - |
| LBRuT Local Area Fund | 338 | - | (338) | - |
| ----------------------- | ---------------------------- | ---------------------------- | ----------------------- | |
| 338 | 63,928 | (64,266) | - | |
| ======================= | ============================ | ============================ | ======================= | |
| At | ||||
| At 1 April 2022 | Income | Expenditure | 31 March 2023 | |
| £ | £ | £ | £ | |
| Chief Executive Officer's & Principal | ||||
| employees' salary and management | ||||
| costs | - | 51,156 | (51,156) | - |
| The Fore (Raft Fund) | 549 | - | (549) | - |
| LBRuT Covid Emergency Grant | 411 | - | (411) | - |
| London Community Foundation | - | - | - | - |
| LBRuT Covid PPE Grant | - | - | - | - |
| LBRuT Other activities | - | 1,098 | (1,098) | - |
| National Lottery | - | - | - | - |
| Flower Beds Maintenance | - | - | - | - |
| LBRuT Local Area Fund | 532 | - | (194) | 338 |
| -------------- | ---------------------------- | ---------------------------- | ----------------------- | |
| 1,492 | 52,254 | (53,408) | 338 | |
| ============== | ============================ | ============================ | ======================= |
- 23 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Analysis of charitable funds (continued)
Designated Fund
Following a review of likely future expenditure on renovation and other capital items, including technology assets, broadband infrastructure and fixture and fittings, the Trustees/Directors decided in 2022 to increase the Designated Fund to £20,000.
Restricted Funds
The donors have directed that the donations (shown above as income) are to be used to finance:
-
Ÿ The salary and related management costs of the Chief Executive Officer, who is responsible for the day-to-day management of the charity, and of the principal employees who are, respectively, responsible mainly for the Befriending Project and for providing administrative assistance.
-
Ÿ London Borough of Richmond upon Thames - Local Area Fund – This was a grant received to fund the purchase of televisions, a laptop and computer costs in 2022. The balance of £338 at 31 March 2023 has now been fully written down in 2024.
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 10,869 | - | 10,869 |
| Current assets | 136,284 | - | 136,284 |
| Creditors less than 1 year | (47,627) | - | (47,627) |
| -------------------------------- | ----------------------- | -------------------------------- | |
| Net assets | 99,526 | - | 99,526 |
| ================================ | ======================= | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 13,505 | 338 | 13,843 |
| Current assets | 134,797 | – | 134,796 |
| Creditors less than 1 year | (17,090) | – | (17,089) |
| -------------------------------- | ----------------------- | -------------------------------- | |
| Net assets | 131,212 | 338 | 131,550 |
| ================================ | ======================= | ================================ |
- 24 -
Docusign Envelope ID: 592266E5-AE0A-43BA-9CD0-EEE136F2710F
Hampton & Hampton Hill Voluntary Care
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Critical accounting estimates and judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
The were no key judgements. The main accounting estimates are depreciation, gift aid debtors and accruals.
21. Taxation
As a charity, Hampton & Hampton Hill Voluntary Care is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
22. Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
- 25 -