## **HOPE HOUSE ESSEX**
Charity number 1149067 Company registration number 08166581
# **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024**
## **HOPE HOUSE ESSEX**
## **CONTENTS FOR THE YEAR ENDED 31 MARCH 2024**
||Page|
|---|---|
|Legal and administrative information|1|
|Trustees Annual Report|2-3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the financial statements|7 - 11|
## **HOPE HOUSE ESSEX**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024**
|**Charity number**|1149067|
|---|---|
|**Company registration number**|08166581|
|**Registered Office**|43 Manor Street|
||Braintree|
||Essex|
||CM7 3HP|
|**Trustees**|Anthony Britten|
||David Rulton|
||Nadine Hendrie|
|**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**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **HOPE HOUSE ESSEX**
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 houses in the centre of Braintree. Both are registered Houses of Multiple Occupation (HMOS). Both houses have a capacity of four bedrooms and can accommodate four adults of either sex. We take direct referrals and referrals from prison, probation, mental health services and Braintree District Council. We have a two-step interview process where we explore their background and how they became homeless, we make inquiries of other agencies that have dealt with them and on the second interview we drug and alcohol test.
We provide a support worker for each resident and work with them to address the issues that led to them becoming homeless, signposting them to other agencies and services as is appropriate to their needs. We support and help our residents get back into full time employment, this has been very successful and throughout the year usually half of our residents were in full-time employment some initially working through agencies and then being offered permanent contracts. In this year we had 73 approaches for help from homeless people this compares to 72 approaches last year. We welcomed 6 new residents and a similar number moved on, some to social housing and others to private rentals or other accommodation. When our residents move on we support them by sourcing furniture and white goods and in other ways. Many of our ex residents keep in contact and attend the Hope House community meal on a Wednesday.
During this last year we were unsuccessful with a number of applications for funding to Trust funds and an application to the National Lottery which has had a significant impact upon our finances. Some residents in employment failed to pay their rent. This gives us substantial financial challenges for the coming year.
## **Critical incidents**
We have had no critical incidents this year.
## **Community Support and aftercare. Hope House Community (HHC)**
On going support to our residents when they move on is provided by an open invitation to the weekly Hope House community meal at the Elim Church, home visits and they can telephone or come to the office for a diverse range of support. We have seen a growing number of people dropping into the office for support.
## **Financial matters**
Both of our houses have a mortgage and there are associated domestic service costs in running the houses. Funding comes from a range of sources including housing benefit for each resident from BDC for those on benefit, or if they are employed from payment of rent. Trust fund applications and National Lottery funding are invaluable for our larger projects like Hope House Community and capital projects. The local churches, Lions, Rotary, schools, Masons and other organisations make donations. We also raise money from events, with the annual Santa run in great notley Country Park probably our most well known and colourful event with 100 costumed Santa's.
**2**
## **HOPE HOUSE ESSEX**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **Human Resources**
We employed three-part time staff. We suffered staff shortage from the beginning of this period due to one of our Support workers long term sickness and then left. This resulted in additional workload for our other staff and volunteers. We have seen a slight increase in volunteers who are mainly involved in the Hope House weekly community meal. We have 3 Trustees who volunteer and take on a variety of roles.
## **Public Benefit**
We continue to have a significant impact in the lives of our residents, ex residents and other Community contacts established through the weekly Hope House Community meal. We support and signpost those with addictions and mental health needs to appropriate agencies such as Open road, AA and rehabs. Helping them get to appointments and to attend groups. We are more engaged with secondary mental health services and have regular support visits. This results in less chaotic and more regulated lives that are not so needy. We work closely with Braintree Council and other statutory and voluntary organisations in the local homeless sector.
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.
**----- End of picture text -----**
Anthony Britten Chair of Trustees Hope House Essex, 43 Manor St, Braintree, Essex, CM73HP
6th November 2024
**3**
## **HOPE HOUSE ESSEX**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024**
I report on the accounts of Hope House Essex for the year ended 31 March 2024 which are set out on pages 5 to 11.
## **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 Rudling FMAAT AATQB for and on behalf of: Community360 Winsley’s House, High Street, Colchester, Essex
Date 25/11/2024
**4**
## **HOPE HOUSE ESSEX**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
**Incoming resources from generating funds:**
Donations and legacies
**2**
18,439
Charitable activities
Activities for generating funds
**3**
68,575
Other trading income
**4**
1,223
Other income
41
**Total incoming resources**
88,278
**Resources expended**
**Cost of generating funds:**
Charitable activities
**5**
81,984
Cost of raising funds
**6**
1,078
**Total resources expended**
83,062
**Net income for the year**
5,215
Revaluation of property
-
Total funds brought forward
384,173
Total funds carried forward
**389,388**|**Restricted**
**funds**
**£**
1,000
28,950
-
-
29,950
36,560
-
36,560
(6,610)
-
12,996
**6,386**|**2024**
**Total**
**£**
19,439
97,525
1,223
41
118,228
118,544
1,078
119,622
(1,395)
-
397,169
**395,774**|**2023**
**Total**
**£**
15,459
96,756
1,236
1,353|
|---|---|---|---|
||||114,804|
||||120,755
344|
||||121,099|
||||(6,295)
136,000
267,463|
||||**397,169**|
The notes on pages 7 - 11 form an integral part of these financial statements.
**5**
## **HOPE HOUSE ESSEX**
## **BALANCE SHEET AS AT 31 MARCH 2024**
||||**2024**||**2023**|
|---|---|---|---|---|---|
||**Notes**||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|**7**||630,000||630,000|
|**Current assets**||||||
|Debtors|**8**|2,753||1,665||
|Cash at bank and in hand||35,763||45,970||
|||38,516||47,634||
|**Current liabilities**||||||
|Amounts falling due within one year|**9**|15,063||15,437||
|**Net current assets/(liabilities)**|||23,453||32,198|
|**Total assets less current liabilities**|||653,453||662,198|
|**Long term liabilities**||||||
|Amounts falling due after one year|**10**||257,679||265,029|
|**Total net assets**|||**395,774**||**397,169**|
|||||||
|**Funds**||||||
|Restricted funds|**11**||6,386||12,996|
|Unrestricted funds|**11**||389,388||248,173|
|Revaluation reserve|||-||136,000|
|**Total funds**|||**395,774**||**397,169**|
For the year ended 31 March 2024 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 24/11/2024 Anthony Britten
**6**
## **HOPE HOUSE ESSEX**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 General information**
Hope House Essex is a charitable company, limited by guarantee, registered in England and Wales. It's principle office address is 43 Manor Road, Braintree, Essex, CM7 3HP.
## **1.1 Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.2 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
## **1.3 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.
## **1.4 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.
## **1.5 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.
## **1.6 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.
## **1.7 Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
**7**
## **HOPE HOUSE ESSEX**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1.8 Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income and or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **1.9 Critical accounting estimates and judgements**
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There are no critical accounting estimates or judgements in the financial statements.
## **2 Donations and legacies**
|Donations & legacies
**Income from charitable activities**
Grant income
Lettings income
Bank interest
**Income from fundraising**
Fundraising events|**Unrestricted**
**funds**
**£**
18,439
**18,439**
**Unrestricted**
**funds**
**£**
17,500
50,995
79
**68,575**
**Unrestricted**
**funds**
**£**
1,223
**1,223**|**Restricted**
**funds**
**£**
1,000
**1,000**
**Restricted**
**funds**
**£**
28,950
-
-
**28,950**
**Restricted**
**funds**
**£**
-
**-**|**2024**
**Total**
**£**
19,439
**19,439**
**2024**
**Total**
**£**
46,450
50,995
79
**97,525**
**2024**
**Total**
**£**
1,223
**1,223**|**2023**
**Total**
**£**
15,459|
|---|---|---|---|---|
|||||**15,459**|
|||||**2023**
**Total**
**£**
50,033
46,653
70|
|||||**96,756**|
|||||**2023**
**Total**
**£**
1,236|
|||||**1,236**|
## **3 Income from charitable activities**
- **4 Income from fundraising**
**8**
## **HOPE HOUSE ESSEX**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**5**
**Resources expended: charitable activities**
**Unrestricted**
**funds**
**£**
Employee costs
28,114
Mortgage interest
23,448
Rates
2,913
Refurbishments
1,097
Small equipment
-
Storage fees
1,055
Food
4,908
Client support costs
873
Utilities
5,505
Insurance
2,986
Postage, stationery & telephone
3,506
Other admin expenses
1,138
Sundry
3,700
Travel and parking
1,667
Legal & professional
fees
1,074
**81,984**
**6**
**Resources expended: cost of raising funds**
**Unrestricted**
**funds**
**£**
PR & fundraising
expenses
1,078
**1,078**
**7**
**Tangible fixed assets**
**Cost**
As at 1 April 2023
Revaluation
As at 31 March 2024
**Depreciation**
As at 1 April 2023
Charge for the year
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023|**Restricted**
**funds**
**£**
35,409
-
-
85
-
-
400
666
-
-
-
-
-
-
-
**36,560**
**Restricted**
**funds**
**£**
-
**-**|**2024**
**Total**
**£**
63,523
23,448
2,913
1,182
-
1,055
5,308
1,539
5,505
2,986
3,506
1,138
3,700
1,667
1,074
**118,544**
**2024**
**Total**
**£**
1,078
**1,078**
**Buildings**
**£**
630,000
-
630,000
-
-
-
**630,000**
**630,000**|**2023**
**Total**
**£**
73,962
16,162
3,422
-
5,753
980
1,100
5,756
732
5,942
2,248
3,256
1,691
1,925
2,846
1,826|
|---|---|---|---|
||||**120,758**|
||||**2023**
**Total**
**£**
344|
||||**344**|
||||**Total**
**£**
630,000
-|
||||630,000|
||||-
-|
||||-|
||||**630,000**|
||||**630,000**|
**9**
## **HOPE HOUSE ESSEX**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**8**
**9**
**10 **
**11 **|**Debtors**
Debtors
Prepayments
**Creditors: amounts falling due**
**within one year**
Accruals
Trade Creditors
Deferred income
Other Creditors
**Creditors: amounts falling due after more**
Mortgage commitments
**Fund balances**
**Movement in funds**
**Restricted funds**
Big Lottery Community Fund
Walter Farthing Trust
Earls Colne WI
Mulberry Trust
B&Q Foundation
Essex Community Foundation
Essex Community Foundation - Phone fund
The Tudwick Foundation
Co-op - Business Development
Unsworth Sugden
Ford Britain Trust
Parry Family Charitable Foundation
**Unrestricted funds**
General Funds
Housing Benefit
**Total funds**|**than one year**
**At**
**Incoming**
**01/04/23**
**resources**
**£**
**£**
7,409
15,000
3,000
-
225
-
-
-
4
-
-
13,000
1,200
-
603
-
554
-
-
750
-
200
-
1,000
**12,996**
**29,951**
373,902
57,749
10,271
30,529
**384,173**
**88,278**
**397,168**
**118,229**|**2024**
**Total**
**£**
1,105
1,648
**2,753**
**2024**
**Total**
**£**
460
473
-
14,130
**15,063**
**2024**
**£**
257,679
**Outgoing**
**resources**
**£**
(22,409)
-
-
-
-
(13,000)
-
-
-
(285)
(200)
(666)
**(36,560)**
(42,262)
(40,800)
**(83,062)**
**(119,622)**|**2023**
**Total**
**£**
17
1,648|
|---|---|---|---|---|
|||||**1,665**|
|||||**2023**
**Total**
**£**
460
847
-
14,130|
|||||**15,437**|
|||||**2023**
**£**
265,029|
|||||**At**
**31/03/24**
**£**
-
3,000
225
-
4
-
1,200
603
554
465
-
334|
|||||**6,387**|
|||||389,388
-|
|||||**389,388**|
||||||
|||||**395,775**|
The Restricted Funds as reported, are those funds that the trustees may only spend on particular purposes of the charity.
**10**
## **HOPE HOUSE ESSEX**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
**DRAFT AS AT 8th November 2024**|||
|---|---|---|
|**12 Previous year statement of activity**
**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources**
**Incoming resources from generating funds:**
Donations and legacies
15,089
Charitable activities
Activities for generating funds
46,723
Other trading activities
1,236
Other income
1,353
**Total incoming resources**
64,401
**Resources expended**
**Cost of generating funds:**
Charitable activities
73,785
Cost of raising funds
344
**Total resources expended**
74,129
**Net income for the year**
(9,728)
Revaluation of property
136,000
Total funds brought forward
257,901
Total funds carried forward
**384,173**|**Restricted**
**funds**
**£**
370
50,033
-
-
50,403
46,970
-
46,970
3,433
-
9,563
**12,996**|**2023**
**Total**
**£**
15,459
96,756
1,236
1,353|
|||114,804|
|||120,755
344|
|||121,099|
|||(6,295)
136,000
267,464|
|||**397,169**|
## **13 Staff**
During the year ended 31 March 2024, there were 3 members of employed staff (2023 - 3).
No staff member earned over £60,000 during the year ended 31 March 2024. No key management personnel received more than £60,000 during the year.
## **14 Related Parties**
During the year, there were no related party transactions.
## **15 Trustee remunerations**
No trustees received remunerations for their time working with the organisation.
**11**