RFLISTERED CHARITY IYUMBER: 114N671 Report of thc Trustees Unauditcd FiDan¢ial St*temonts for th¢ Y¢ar 31 March 2024 ror Vision of Hopc Animal Assisted Therapy Ashmole and Co. Williatn5ton Flousc 7 Goat Street Flaverfordwesi Pembrokcshirc SA61 IPX
Vision of Hope Assi5tcd Therapy Contents of the Flnfineial StateJncDt5 for the Ytar Endcd 31 March 2D24 P•ge Report olthe Trustees lThd¢pend¢nt E%miner'S RepDrt Statement of Finallelal AetlvltiQS B&lgnc¢ Sh¢¢t Notes to tho Financial S¢atemcnts 6 to 10 Detailed Statemtnt of Financial A¢tiYities
Vision of Hope Anim41 Assisted Thcrapy Report of the'frus¢¢es for lh¢ Y¢4r Endcd 31 March 2024 The irustees present their report with the finun¢ial sts¢ements of the charity for the year endcd 31 March 2024. '1'he trustees have adopted the provisions of Accounting dnd Reporting by Charities.. Statement of Rccommcnded Practice applicable to ¢harities preparing iheir accounts in actvrdancc with th¢ l-.ir¢1al Reporting Standard applicable in the UK and Republic ofir¢land (fRS 1021 l¢ffcctiv¢ l January 2019). OB.IECTIVES AND ACTIVITIFS Objectives and To promote s0¢ial inclusion for thc public bcncfit among ex-offenders and thoso r¢¢(Trvering from addiciion by prcveniing them from bccoming socially cxcludcd and relieving thcir nccds by assisted ihem to inlegrat¢ into $iety. In short, thcy arc 2S%iStcd in breaking the cycle of a reiurn io addiction followed by rc-offcnding. Thi5 often Stans with ¢atiTbg hcalthily, detoxing. laking cxcrcises and playing an active n)le in thc day-to-day functioning of the charity. l-.ducational coursc$ and qualifications follow wilh men working towards achicving the goals that thcy havc set themsclwes and incrca5ing ihcir chancc.% tsf cducalion. Access lo suppon from thc wholc range of govemment agencics is also providcd to h¢lp rnl ih¢ m¢n's nccds. 1.95tly, w¢ also offer help and support io rebuild rclationships with family membcrs. SiEnifi¢4nl activities The cliarity's aclivitics are priinarily bascd on Ihc farm using animal assisted therapy. Residents are also given Ihe opportunity to a¢quir¢ d varicly of life skills. I'hesc include cooking. litcracy. numeracy. laundry, onlinc bankin& a5 well as suppori io dltend fornial VOLdliondl or a¢ddeinic sludies. AC141EVEMENTS AND PERFORMANCE Charitable ¥ctivit1¢5 Last year5 Teport stated that the year ending 3 1st March 2023 had bc¢n a yetir of consolidation. This ycur has bo¢n a year of building upon this found411ion dnd looking tuwards the future. This has included the s¢Guring of funding to buy and equip our now propcrty. Unfortunatcly, obtaining the corrcct planning pemissions has involved a l¢ngthy du¢ diligencc prtsccss whieh has dclaycd our movc io new premiscs. We have also faced incrcascd costs due to rises in w8gc5, cnergy Costs and food pri¢cs. Wc arc Confident that sornc ofthcse can be mitigated howcvcr by moving into our ncw propcrry. As this work has bccn going on in thc background, we continue (o hclp an cver-growing numbcr of men overcome their addictions and havc bccn vcry plcascd to sce %omc gain major milcsloncs %uch as entering employmcnt and obtaining driving liccnccs. We look forward to moving lo our new premiscs. GIKI-willing, in the ncxt firlancial year and being able to help a larg¢r number ofmcn. It is important io recognise ihe ccniral imponance of our Gud, our supporters and our slatrin rnaking this yèar 8 success. STRUCTURE, GOVF.KNANCE AND MANAGF.MF.NT (Joverning doeumeiit The charity is conirollcd by its 8oveming documeni. a deed of twst and constitute5 an uDinwrporated charity. Rctruitment and appoi*tmcnt of ncw trustecs 1.hc following tru5t¢cs hcld thcir position during th¢ yoar cnd¢d 31.%t March 2024.. I'rustee iiame A Archard D Baker M 14ut¢hins DA Ebcnezcr AppointedlResigncd Appointcd 16.11.22 Appoinled 16.11.22 Appoinled 15.11.23 Appoinicd 16.01.23 Trustees are recruited by a fumial vcllin&y and application proccss. Pagc I
Vision Df Hopc Anitnal A5515ted Therapy R¢port of tho Truste¢5 for the Year Ended 31 M*rch 2024 STRUCTURE. GOVERNANCE AND MANAGEMEE StrCture and management The charity is run by trSt¢es, thc charity director, management team and staff. The dir¢ctor overs¢¢s the running of the charity and artswcrs to the trustees.she mects regularly wth nvo managers who in turn delegate reswTrnsibilities to their teams. RF.FERFNCE AND ADMINISTRATIVF DETAILS Registered Charlty nwmber 1148671 Prineipgl addre Fifth Avenue House Halt Road Rhigos Aberdar¢ cr44 9UN Trustees A Archard D Baker M Hutchins (appointed 15.11.23) D A F.benezcr Independent Fxaminer Ashmole and Co. Williarnston Hou5C 7 Goat Street HJverfordwe5t PembrokeshiTe SA61 IPX S.G2el Approved by order of the board of trusiees on.............................. ...... and signed on it5 behalf by.. A Archard -'frustee Page 2
Indepcndcnt TrJx*mineY's Report to the Trustees of Vision of &lope Anirnal Assisted Therapy Indepedent cxamincr's report to thc trnstecs of Vision of Hope Animal Assisted Therapy I report to the charity trusteC5 on my exainination of the accounts of Vision of Ilopc Animal Assistcd Therapy (the 'Iru5t) for the year ended 31 March 2024. Re5pon5ibilities and ba515 report As ihe charity trustees of the Trust you responsible for the preparation of the accounts in accordance with the requiremenis ofthe Chatilies Aci 2011 I'the Aci,). I report in respeLI ofmy examinaiion ofthe Trust's accounts Caled (Fut und¢r S¢¢lion 145 of ihc Act and in carrying out my examindiion I have lollowed all applicable Dircciions given by thc Chariiy Lommission under Section 145{51(b} of Ihe Act. IndeptndeMt examiiior's ¥latcmcDt- m4tl¢r5 of conc¢rn identified I have completed my examination. hyv¢ id¢ntificd the following matter ofconccm. The trust¢Cs havc not bwn abl¢ to provide me a with complete set of invoic¢s and receipts to suppon Ihe charity's income and expenditure for the period. My work as an indep¢nd¢nt examiner has been limited in thi.% rCp¢¢t. confimi thai no other inatters havc eome to my attcntion that give mc cause to bclievc that in any rnaterial reSpt.. accounting records wcrc noi kcpt in rcspcci of thc TNst as required by Section 130 of the Aci., or Ihc accounts do not accord with thosc rccords. or Ihe ac¢ounts do not comply with the applicablc rcquircmcnts conc¢rning thc fomh and content of accounts set out in the Charities (Accounts and Kcports) Ilcgulaiions 2008 oihcr ihan any rcquircmcnt that the accounts giv¢ a truc and fair view which is not a mattcr considcrcd a5 part of an indcpcnderlt examination. I confirm that there ale no other Inaiier5 to which your aitcntion should bc drawn to enabl¢ a propor und¢rstarKling of thc accounts to be reached. Mr D.M.T (Jould B.A (Hons). F.C.C.A The Association ofchart¢red c¢rtIfi AL¢ounthnt5 Ashtnole and Co. Williamston House 7 Goat Sireet Havcrfurdwest Pembrokeshire SA61 IPX Date.. Page 3
Vision of Hope Animl Auisted Tberapy Ststtment of Finan¢i81 Aetlvltles for the Year Ended 31 Mar¢h 2024 31.3.24 'rotal fvnds 31.3.23 I'otal funds Unrestricted fund Restricted nd Notes INCOMK AND ENDOWMKNTS FROM Donalions and legacies 218.405 218,405 232.989 Invesimcnt income oiher income 1,052 1,052 303 3.496 Tot41 219,457 219,457 236,788 EXPENDITURE ON Ch4ritabl¢ •ctiviti¢s Direct charitdble expenditure 269.943 269,943 305,837 NET INCOMEI(EXPENDITURE) (50.486) (50,486) (69.049) RECONCILIATJON OF FUNDS Total funds brought forward 103,619 103.619 172,668 TOTAL FUNDS CARRIED FORWARD 53,133 53,133 103,619 The note5 forni part of these financial statements Page 4
Vi5iDn of Hope ANimAI Assi8t¢d Thcrdpy BAlance Shect 31 March 2024 31.3.24 Total runds 31.3.23 1'0ts1 funds Unrestricted fund Restricted fi]nd Notes FIXED ASSETS Tangible 95sets 4.452 4,452 10.012 CURRENT A&SETS Debtors Cash at bank 22.450 50,968 22.450 50,968 10,504 122,321 73.418 73,418 132.825 CREDITORS Amounts falling due wthin one ycar (24.737) (24,737) (39,218) NET CURRENT A&SETS 48,681 48,681 93,607 TOTAL ASSETS LFSS CUIiRENT LIABILITIES 53.133 53,133 103,619 NET ASSETS 53,133 53,133 103.619 FUNDS Unrcstricted funds 53,133 103.619 TOTAL FUNDS 53.133 103.619 The financial staiemenls were approved by the Board of Trnstccs and authorised for issue £.=.k. 2aJ(o........ and were Signed on its bchalf by.. on A Ar¢hard- Trust¢¢ The notes forn) part of these financial statcmcnts Pag¢ 5
Vision of Hopc Animal Assisted Thcrapy lo the Financial Stat¢ment5 for Iho Year Ended 31 March 2024 ACCOUNTING POLICIES Basis ol preparing the fin&ncial stal¢ments The financial statcmcnts of the charity, which is a public benefit ¢ntity under FRS 102, have been prepared in ac¢ordancc with the Chariiics SORP (fRS 1021 'Accounting and Reporting by Chdrities.. Statement of Rccommcnded Practice applicable io charities preparin¥ their accounts in a¢cordance with the Financial Reporting Standard applicyblc in thc IJK and Eiepublic of Tland (FRS 102) (elTe¢tive l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard appliLable in ihe UK and kepublic or Ireland, and thc Chariiics Ad 2011. 'l-h¢ financial qtatcments have been prepurcd under ihe historical cost convention. Income All income is recagniscd in the Statcmcnt of Financial Activitics onc¢ ihc charity has entitlement to th¢ nds, it is probable that thc income will be received and thc amount Can bc mcasured rcliably. Expendilurc Liabilitie5 are recognised as exp¢nditure as 500n as thcrc is a Icgal or con5tructiv¢ obligaiion committing the Lharity lo ihat expenditure. it is probable ihat a transfer of cconomic benefits will bc rcquired in scrtlcmcni and the amount of th¢ obligation can bE measured reliably. Ixpcnditurc is accounted For on an accrua15 basis and has been cldssified under headings thut aggregale all c05t relaied to the ¢atC80ry. Where costs cannot be directly attributed to particular headings they have been allo¢atcd to activitie5 on a basis consistent with the use of resources. Tangiblc fiyed a%%ets Deprccialion is proyided at followiT)g annual rates in order to write olT each asset over Ils estimated usefvl Motor vehicles Computcr cquipmcnt 25 /(* on cosi 330/0 on cosi Tixatio 'lkne charity is exempt from tax on its charitable activities. uThd accounting Unrestri¢ted fiLnds can be uscd in accordance with the charitable objectivcs at thc discrction of thc trustees. Restiicied funds can only bc used for partiLular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or wh¢n funds are raised for P¢lrticular restricled purposes. Further explanation of the nature and PUTPQS¢ of each fund is included in the notes to ihe financial stat¢tn¢nts. )eThsion tosts and othtr post-rttlremtnt boncfits The charity opcraics a defined contribution pcnsion %chcmc. Contributions p(iydblc io ihe charity's pension schcmc arc charged to the Staicment ofFinancial Activilie8 in the periad tn which thcy reldtc. Pag¢ 6 continued...
Vlslon of Hop¢ Anlmal As$i5ted Thcrapy Not¢s to the Financial Stal¢Thents- coNtinu¢d for the Year Ended 31 Mlrch 2024 INVESTMENT INCOME 31.3.24 Deposit account int¢r¢5t 1.0.52 303 TRUSTELS, REMUNEIL4TION AND BENLFITS Therc were no trustees, rcmuncration or othcr bcncfits for the ycar ended 31 Mah 2024 nor for the year cnded 31 March 2023. Trustee5 expense5 Therc wcrc trustccs, expenscs paid for thc year cndcd 31 March 2024 nor for the yrdr ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricied fund Rcstricied fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacics 232,989 232.989 Investment income her income 303 3.496 303 3.496 Total 236,788 236,788 EXPF.NDITURF. ON Charilablc aetivili¢s Direct charitsble expenditure 305.837 305,837 NF.T INCOMFJ{F.XPF.NDITURE) (69,049) (69,049) RLCONCILIATION OF FUP4DS Total fijnds brought forward 172,668 172,668 TOTAL FUNDS CARRIED FORWARD 103,619 103.619 Page 7 continued...
Vision of Hopc Anim81 A$si8t¢d Therapy Jyotes to the Fingneial Stattments- eontinucd for tht Ycar Fjnded 31 Mareh 2024 TANGIBLE FIXED ASSETS Motor vchicles Computcr equipmcnt Totals COST At l April 2023 and 31 March 2024 44,150 45,531 DEPRECIATION At l April 2023 Charge for year 35,250 5.100 269 460 35,519 5.560 At 31 March 2024 40,350 729 41,079 NET BOOK VALUE At 31 March 2024 3.800 652 4,452 At 31 March 2023 8,900 10,012 DKBTORS: AMOUNTS FALLING DUE WITHIN ONF. YF.AR 31.3.24 31.3.23 Trade debtors Prepayments 10,150 12,300 10,504 22,45 10,504 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 'raxation and social 5¢¢urity Other creditors 18,197 6,540 10.817 28,401 24,737 39,218 MOVEMENT IN Tr"UNDS Net Mov¢¢1 in funds At 31.3.24 At 1.4.23 Unrtstricted funds Generdl fund 103,619 (50,486) 53,133 TOTAL FUNDS 103,619 (50,486) 53,133 Page 8 continucd...
Vision of Ilope Aninthl Assisltd Therapy Notes to thc Financial Stat¢meots- continu¢d for thi Year Ended 31 Mareh 2024 MOVEMENT IN FUNDS- continued Net movement in fund4 included in ihe above are a5 follow5.. Incoming resources Resources exp¢ndcd Movement in funds UnStriCted funds Gencral fvnd 219.457 (269,943) {50,486) 'roTAL bUNDS 219.457 (269,943) 150,486} Compar4t1v for movemLnt in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestriet¢d funds Clcnerdl fvnd 172,668 (69.0491 103.619 T()TAL FUNDS 172,668 {69,0491 103,619 Comparative net movement in funds, included in the abovc are as follows.. Incoming re50uices Ilcsources Cxpcndcd Movcmcrlt in fund5 Unr¢striclcd fuThds Gencral fund 236,788 {305.837) 169,049) TOTAL FUNDS 236,788 1305,837) 16Y.04Y) A currcnt ycar 12 months and prior year 12 months combined position is as follows.. Nct movcment in fvnds At 31.3.24 At 1.4.22 Unrcstricttd funds General fund 172.668 (119,535) 53,133 TOTAL FUNDS 172,668 1119.$35) 53.133 Pag¢ 9 coniinucd...
Vision of Hope Anim81 Ajsisted Therapy Notes to the Finathcial St*tcmeTrts- Continued forthe Year Ended 31 Mthreh 2024 MOVEMENT IN FUNDS- Continued A current year 12 months a1 prior year 12 months combined net movcmcnt in fijnds, included in the abovc are as follows: Incoming resources Resources expended Movem¢nl in funds Unrestricted fuDds Gen¢ral fund 456,245 (575,780) (119.535) TOTAL FUNDS 456,245 (575,780) (119,535) RELATED PARTY DISCLOSURES There were no related paty transactions for ihe year ended 31 March 2024. Page 10
Vision of Hopc Anim1 Assisted Thcrapy Dctail¢d Stat¢m¢nl of Financial Aetivitie5 fur ¢he Y¢4r F.ndwJ 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENrs Donations and legacics Gifts and Donaiion5 Giftaid Accommodation income 98,451 10,195 109.759 13,750 10.504 108,735 218,405 2J2,989 Invtstment ineome l)cposit account intcrcst 1,052 303 Other incorne Sundry income 3,496 Total ineomiNg rLources 219.457 236.788 EXPENDITURF Ch#rit8ble aetivities Food costs Animal costs '"8rm buildin¥ ¢osts 24,250 8,194 4,490 14,947 18,410 2.729 36,934 36,086 Support costs Managcment Wages Pcnsions liate5 and water Insurance Light and heat Post, stationery ¢ind telephone Sundries Motor expcnscs Subscriptions Trdining expen5¢S Motor vehicles Computer equipment 188.942 3,835 2,233 1,684 10,982 1,689 1,127 11,761 1,973 216,257 3,289 2262 2.376 1,756 3,648 2,993 20,309 534 10,737 269 5,100 460 229.786 266,541 Other Accountancy L¢gal and professional fecs Jank chaTg¢s 2.70n -$10 25J Total resources expendcd ?6y,94J 305,837 Nct cxpcnditure 1$0.1861 This pJg¢ does not fom) part of ihc stalulory financial statements Pag¢ll