## **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|
**1**
**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of this period our operation was affected by varying levels of Lockdown and Government Health regulations, with staff withdrawn from entering the houses or office and door step meetings, telephone and WhatsApp meetings and video meetings replacing face to face.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.
**4**
## **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
**11**