HOPE HOUSE ESSEX
Charity number 1149067 Company registration number 08166581
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
HOPE HOUSE ESSEX
CONTENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees Annual Report | 2-3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the financial statements | 6 - 10 |
| Independent Examiners Report | 11 |
HOPE HOUSE ESSEX
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2021
| Charity number | 1149067 |
|---|---|
| Company registration number | 08166581 |
| Registered Office | 43 Manor Street |
| Braintree | |
| Essex | |
| CM7 3HP | |
| Trustees | Anthony Britten |
| Susan Cannon | |
| David Rulton | |
| Susan Vernon | |
| Alison Bancroft | |
| Secretary | Daniel Burdge |
| Bankers | HSBC |
| Great Square | |
| Braintree | |
| CM7 1TX | |
| CAF Bank | |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent | |
| ME19 4JQ | |
| Independent Examiners | Community360 |
| Winsley's House | |
| High Street | |
| Colchester | |
| Essex, CO1 1UG |
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HOPE HOUSE ESSEX
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
We are a charity to help the homeless and to break the cycle of homelessness.
How we operate
We provide accommodation for the homeless in two shared house’s in Braintree. Both are registered Houses of multiple occupation (HMO’s) In the last year we have made improvements to the interior décor and carpeted and installed new floor covering to both houses. Both houses have a capacity of 4 bedrooms and can accommodate 4 adults of either sex. We provide a Support worker for each resident and work with them to address the issues that led to them becoming homeless, sign posting them to other agencies and services as is appropriate to their needs and helping them get back into employment. In this year we had 59 approaches for help from homeless people, this was a slight increase over the previous year but is surprising as under Covid regulations the Local authority were required to house the homeless in hotels and hostels. We welcomed 9 new residents and a similar number moved on, some to social housing and others to private rentals or other accommodation.
Critical Incidents.
We have had no critical incidents this year.
Impact of Covid-19 Pandemic
During the whole of this period our operation was affected by varying levels of Lockdown and Government Health regulations, with staff withdrawn from entering the houses or office and door step meetings, telephone and WhatsApp meetings and video meetings replacing face to face. We continued to provide a service accepting and processing referrals, admitting new residents and moving our residents on. It just required new ways of working. None of our residents contracted Covid-19.
On Going support. ‘Hope House Essex Community’ (HHC)
It has become clear that just finding accommodation to move someone on is not enough and they need further support to sustain their tenancy and to thrive. This year our support workers continued to work with our ex residents, having street and doorstep meetings. Our HHC weekly meeting stopped in compliance with Covid regulations and telephone and WhatsApp communication increased. We continued to provide a range of diverse support and advocacy albeit remotely. At the beginning of the year we started a course on Mental Health wellbeing in partnership with Charity “Kintsugi Hope”, this was well received, but had to be abandoned at week 3.
Financial Matters
Both of our houses have a mortgage. Additional expenses include domestic services, weekly food shop, maintenance, admin expenses, volunteers’ expenses and salary for our 2 part time staff. Funding comes from a variety of sources, Housing benefit for each resident from BDC, or from them if they are employed. Trust fund applications and National Lottery funding are invaluable for our larger projects like Hope House Community and capital projects. The local churches, Lions, Schools, Masons and other organization’s making donations. We also raise money from events, though many of these were curtailed such as the Carol services, Garden party and Quiz night, or became virtual events like the annual Santa Run, Regular individual donors, Easyfunding, local lottery and corporate sponsorship resulted in a healthy income.
Human Resources
We have only 2 part time Support worker staff who also volunteer, we had recruited another support worker but she left after a short while, we have recruited a part time book keeper and our accounts are now prepared by Community 360. After the pandemic we will be looking to expand our support workers, we currently have 5 Trustees who volunteer and take on a variety of roles in Hope House organizes our keen and growing band of volunteers who have taken over roles in fundraising, IT, GDPR, Publicity and Safeguarding.
2
HOPE HOUSE ESSEX
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Public Benefit
We continue to have a significant impact on our residents and their families, this is reflected in their feedback to us and their willingness to continue being engaged with us after they have moved on. Not only do they continue to engage with us they also support each other. Our residents and ex residents took part in a local community care project ‘Manor Community’. But many activities were stopped or severely constrained by the pandemic.
We have established good relations with our neighbours, a number of churches, the local Mosque, schools, other service providers, Police and Braintree District Council.
Tony Britten Chairman of Trustees Hope House Essex Date
3
HOPE HOUSE ESSEX
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Donations and Legacies 2 23,007 Charitable activities Activities for generating funds 3 85,079 Other trading activities 4 611 Other income 1,300 Total incoming resources 109,997 Resources expended Cost of generating funds: Charitable activities 5 79,431 Cost of raising funds 6 71 Total resources expended 79,502 Net income for the year 30,495 Transfer between funds 11 - Prior Year Adjustment - Net movement of funds 30,495 Total funds brought forward 230,317 Total funds carried forward 260,812 |
Restricted funds £ - 23,000 - - 23,000 18,208 - 18,208 4,792 - - 4,792 - 4,792 |
2021 Total £ 23,007 108,079 611 1,300 132,997 97,639 71 97,710 35,287 - - 35,287 230,317 265,604 |
2020 Total £ 17,991 95,895 3,619 381 |
|---|---|---|---|
| 117,885 | |||
| 87,072 - |
|||
| 87,072 | |||
| 30,813 - (2,132) |
|||
| 28,681 201,636 |
|||
| 230,317 |
The notes on pages 6 - 10 form an integral part of these financial statements.
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HOPE HOUSE ESSEX
BALANCE SHEET AS AT 31 MARCH 2021
| Notes Fixed assets Tangible assets 6 Current assets Cash at bank and in hand Debtors 7 Creditors: Amounts falling due within one year 8 Total current assets less current liabilities Total assets less current liabilities Long Term Liabilities Amounts falling due after one year 9 Total net assets Funds Restricted funds 10 Unrestricted funds 10 Total funds |
2021 £ 494,000 72,865 72,865 2,089 18,899 56,055 547,965 284,451 265,604 4,792 260,812 265,604 |
2020 £ 494,000 44,350 |
|---|---|---|
| 44,350 890 |
||
| 14,553 | ||
| 30,687 523,797 294,369 |
||
| 230,317 | ||
| - 230,317 |
||
| 230,317 |
For the year ended 31 March 2021 the company was entitled to the exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors declare that they have approved the accounts above.
| Signed | Date Anthony Britten |
|
|---|---|---|
5
HOPE HOUSE ESSEX
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on 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). (Charities SORP), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cash flow statements
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1
1.2 Fund accounting
-
Unrestricted funds are avaliable for use at the discretion of the Directors in furtherance of the general objectives of the charity. These include the general and designated funds.
-
Restricted funds are subject to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant.
1.3 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.4 Resources expended
Expenditure is recognised on a accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, which is reported as part of the expenditure to which it relates
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
1.5 Tangible fixed assets and depreciation
Fixed assets are stated at cost, including initial transfer-in-value, less accumulated depreciation. The cost of minor additions is not capitalised, neither are property refurbishment costs.
6
HOPE HOUSE ESSEX
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2 Donations and legacies
| Donations & legacies 3 Income from charitable activities Grant income Lettings income 4 Income from other trading activities Fundraising events 5 Resources expended: charitable activities Employee costs Mortgage interest Rates Refurbishments Acquisition expenses Storage Fees Equipment Food Client support costs Utilities Insurance Postage, stationery & telephone Other admin expenses Sundry Travel and parking Legal & Professional Fees |
Unrestricted funds £ 23,007 23,007 Unrestricted funds £ 31,429 53,650 85,079 Unrestricted funds £ 611 611 Unrestricted funds £ 29,331 12,541 3,515 7,376 - 1,990 - 8,876 1,508 6,395 1,627 1,227 1,417 325 2,346 958 79,431 |
Restricted funds £ - - Restricted funds £ 23,000 - 23,000 Restricted funds £ - - Restricted funds £ 17,100 - - - - - - 120 138 - - 282 111 - 457 - 18,208 |
2021 Total £ 23,007 23,007 2021 Total £ 54,429 53,650 108,079 2021 Total £ 611 611 2021 Total £ 46,431 12,541 3,515 7,376 - 1,990 - 8,996 1,646 6,395 1,627 1,509 1,528 325 2,803 958 97,639 |
2020 Total £ 17,991 |
|---|---|---|---|---|
| 17,991 | ||||
| 2020 Total £ 51,378 44,517 |
||||
| 95,895 | ||||
| 2020 Total £ 3,619 |
||||
| 3,619 | ||||
| 2020 Total £ 31,784 11,566 - 752 8,006 - 6,829 6,171 5,399 6,979 1,492 912 2,153 - 4,539 - |
||||
| 86,582 |
6 Resources expended: cost of raising funds
| PR & fundraising expenses | Unrestricted funds £ 71 71 |
Restricted funds £ - - |
2021 Total £ 71 71 |
2020 Total £ 491 |
|---|---|---|---|---|
| 491 |
7
HOPE HOUSE ESSEX
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6 Tangible Fixed Assets
| Cost As at 1 April 2020 Additions As at 31 March 2021 Depreciation As at 1 April 2020 Charge for the year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 7 Debtors Debtors Prepayments 8 Creditors: amounts falling due within one year Accruals Trade Creditors Deferred income Other Creditors 9 Creditors: amounts falling due after more than one year Other Creditors |
Building £ 494,000 - |
Total £ 494,000 - |
|---|---|---|
| 494,000 | 494,000 | |
| - - |
- - |
|
| - | - | |
| 494,000 | 494,000 | |
| 494,000 | 494,000 | |
| 2021 Total £ 687 1,402 |
2020 Total £ - 890 |
|
| 2,089 | 890 | |
| 2021 Total £ 1,081 688 3,000 14,130 |
2020 Total £ 423 - - 14,130 |
|
| 18,899 | 14,553 | |
| 2021 £ 284,451 |
2020 £ 294,369 |
8
HOPE HOUSE ESSEX
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
10 Fund balances
| Movement in funds Restricted funds Big Lottery Community Fund Charles French Hilden Charitable Trust Unrestricted funds General Funds Housing Benefit Total funds |
At 01/04/20 £ - - - - 230,317 - 230,317 230,317 |
Incoming resources £ 15,000 3,000 5,000 23,000 63,916 46,081 109,997 132,997 |
Outgoing resources £ (10,208) (3,000) (5,000) (18,208) (45,507) (33,995) (79,502) (97,710) |
Transfers £ - - - - - - - - |
At 31/03/21 £ 4,792 - - |
|---|---|---|---|---|---|
| 4,792 | |||||
| 248,726 12,086 |
|||||
| 260,812 | |||||
| 265,604 |
The Restricted Funds as reported, are those funds that the trustees may only spend on particular purposes of the charity.
11 Transfer between funds
The transfer between funds in 2020 relates to £80,000 worth of monies received for the purchase of a property to further the charitable activities. The grants were fully spent in this financial year to complete the purchase of 45 Manor Street, Braintree therefore they were transferred to unrestricted to clear the restricted funds spent.
9
HOPE HOUSE ESSEX
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
12 Previous Year Statement of Activity
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Donations and Legacies 17,991 Charitable activities Activities for generating funds 60,895 Other trading activities 3,619 Other income 381 Total incoming resources 82,886 Resources expended Cost of generating funds: Charitable activities 82,072 Total resources expended 82,072 Net income for the year 814 Transfer between funds 80,000 Prior Year Adjustment (2,132) Total funds brought forward 151,636 Total funds carried forward 230,317 |
Restricted funds £ - 35,000 - - 35,000 5,000 5,000 30,000 (80,000) - 50,000 - |
2020 Total £ 17,991 95,895 3,619 381 |
|---|---|---|
| 117,885 | ||
| 87,072 | ||
| 87,072 | ||
| 30,813 - (2,132) 201,636 |
||
| 230,317 |
13 Prior Year Adjustment
An adjustment was made in the last financial period in relation to items in 2019 in order to correct fund balances.
10
HOPE HOUSE ESSEX
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 202
I report on the accounts of Hope House Essex for the year ended 31 March 2021 which are set out on pages four to ten.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360
Winsley’s House, High Street, Colchester, Essex Date 21.12.2021
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