REGISTERED COMPANY NUMBER: 08214020 (England and Wales) REGISTERED CHARITY NUMBER: 1149659
Report of the Trustees and Financial Statements for the Year Ended 31st May 2025
for
New Hope Worcestershire
The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU
New Hope Worcestershire
Contents of the Financial Statements for the Year Ended 31st May 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
New Hope Worcestershire
Report of the Trustees
for the Year Ended 31st May 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects
The objects of the charity are:
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To provide relief to children under the age of 19 with a mental and/or physical disability and who are resident in Worcestershire, Herefordshire or Gloucestershire, to alleviate the effect of disability on such children and their carers and/or families, and to advance the education of such children; and
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To relieve in cases of need, hardship or distress children under the age of 19 resident in Worcestershire, Herefordshire or Gloucestershire, and to advance the education of such children.
Activities
The charity raises money from fundraising events and uses this money to make grants to New Hope - Worcester CIC, a community interest company under the control of the trustees, who runs the New Hope facility in Worcester.
Public benefit
The trustees confirm that they complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission on public benefit when reviewing the charity's aims and objectives and in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the charity raised total unrestricted income of £48,348 (2024 - £37,796), from which it issued grants to New Hope - Worcester CIC totalling £25,000 (2024 - £45,000). In addition the charity spent £20,482 (2024 - £nil) on the Gathering Place project, which provided a social space for people who may be socially isolated and help bring people together to create a stronger community.
FINANCIAL REVIEW
Reserves policy
At the year end the charity held total unrestricted funds of £6,552 (2024 - unrestricted fund deficit of £4,693), of which £3,088 (2024 - £5,749) related to tangible fixed assets, leaving free reserves of £3,464 (2024 - free reserves deficit of £10,442).
The charity, due to its small size, has no formal reserves policy. The charity keeps a small reserve of net operating capital to facilitate day to day transactions but otherwise aims to maximise its financial support of New Hope - Worcester CIC. The trustees consider the level of reserves held at the year end to be at a sufficient and appropriate level necessary for the running of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by Companies Act 2006.
In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
New directors are appointed by ordinary resolution of the existing directors, subject to a confirmation vote by the members at the next annual general meeting. The existing directors select individuals to be invited to become new directors based on personal recommendations.
Page 1
New Hope Worcestershire
Report of the Trustees for the Year Ended 31st May 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 08214020 (England and Wales)
Registered Charity number 1149659
Registered office 35 Wells Road Worcester Worcestershire WR5 1NN Trustees C L Hodgson A Howarth JD Owen S E Rabbetts J M Wilson Company Secretary JM Wilson Independent Examiner Melissa Godwin ACA ACCA The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 26.2.2CG. and signed on its behalf by:
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Trustee Jean) Usison
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Page 2
Independent Examiner's Report to the Trustees of New Hope Worcestershire
Independent examiner's report to the trustees of New Hope Worcestershire (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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‘v: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts 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 accounts 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)).
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| 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.
Melissa Godwin ACA ACCA
The Richards Sandy Partnership
Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU
oe eee 4 ey aay SSSSe
Page 3
New Hope Worcestershire
Statement of Financial Activities
for the Year Ended 31st May 2025
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 16,136 - Other trading activities 3 32,212 - Total 48,348 - EXPENDITURE ON Raising funds 4 4,639 - Charitable activities 5 Support of New Hope - Worcester CIC 30,620 - The Gathering Place project - 20,482 Total 35,259 20,482 NET INCOME/(EXPENDITURE) 13,089 (20,482) Transfers between funds 15 (1,844) 1,844 Net movement in funds 11,245 (18,638) RECONCILIATION OF FUNDS Total funds brought forward (4,693) 18,638 TOTAL FUNDS CARRIED FORWARD 6,552 - |
2025 Total funds £ 16,136 32,212 48,348 4,639 30,620 20,482 55,741 (7,393) - (7,393) 13,945 **6,552 ** |
2024 Total funds £ 26,131 30,303 |
|---|---|---|
| 56,434 | ||
| 5,387 50,423 - |
||
| 55,810 | ||
| 624 - |
||
| 624 13,321 |
||
| 13,945 |
The notes form part of these financial statements
Page 4
New Hope Worcestershire
Balance Sheet 31st May 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 13 | 3,088 | - | 3,088 | 5,749 | |
| CURRENT ASSETS | ||||||
| Cash at bank and in hand | 56,653 | - | 56,653 | 69,711 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 14 | (53,189) | - | (53,189) | (61,515) | |
| NETCURRENTASSETS | 3,464 | - | 3,464 | 8,196 | ||
| TOTALASSETS LESS CURRENT | LIABILITIES | 6,552 | - | 6,552 | 13,945 | |
| NETASSETS | 6,552 | - | 6,552 | 13,945 | ||
| FUNDS | 15 | |||||
| Unrestricted funds | 6,552 | (4,693) | ||||
| Restricted funds | - | 18,638 | ||||
| TOTALFUNDS | 6,552 | 13,945 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on e:%can and were signed on its behalf by:
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Trustee SJernivaoiison
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The notes form part of these financial statements
Page 5
New Hope Worcestershire
Notes to the Financial Statements for the Year Ended 31st May 2025
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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, usually arising immediately on its receipt.
Income from fundraising events is recognised when the relating goods and services have been provided to the buyer.
Because it is considered impractical to reliably estimate the fair value of donated goods for resale of low-value items received, donated goods for resale are not recognised on receipt, but are instead recognised as fundraising income when sold.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on cost Motor vehicles - 25% on reducing balance
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
OPERATING LEASE COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.
Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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New Hope Worcestershire
Notes to the Financial Statements - continued for the Year Ended 31st May 2025
1. ACCOUNTING POLICIES - continued
Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: National Lottery Property For Kids 3. OTHER TRADING ACTIVITIES Shop income Ragman income Other trading income |
2025 £ 11,136 5,000 16,136 2025 £ - 5,000 5,000 2025 £ 30,699 1,413 100 32,212 |
2024 £ 7,493 18,638 |
|---|---|---|
| 26,131 | ||
| 2024 £ 18,638 - |
||
| 18,638 | ||
| 2024 £ 29,510 641 152 |
||
| 30,303 |
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New Hope Worcestershire
Notes to the Financial Statements - continued for the Year Ended 31st May 2025
4. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
| RAISING DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Fundraising event costs OTHER TRADING ACTIVITIES Rent Raffle prize costs Shop repairs and renovation Aggregate amounts 5. CHARITABLE ACTIVITIES COSTS Support of New Hope - Worcester CIC The Gathering Place project 6. GRANTS PAYABLE The total grants paid to institutions during the year w New Hope - Worcester CIC 7. SUPPORT COSTS Support costs, included in the above, are as follows: Depreciation of tangible fixed assets Independent examiners fees |
2025 £ - 2025 £ 4,233 - 406 4,639 4,639 Grant funding of activities Support Direct (see note costs (see Costs 6) note 7) £ £ £ - 25,000 5,620 20,482 - - 20,482 25,000 5,620 as as follows: 2025 £ 25,000 2025 £ 2,661 2,959 5,620 |
2024 £ 704 2024 £ 4,233 450 - 4,683 5,387 Totals £ 30,620 **20,482 ** |
|
| 51,102 | |||
| 2024 £ 45,000 |
|||
| 2024 £ 3,486 1,937 5,423 |
|||
| 5,423 |
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New Hope Worcestershire
Notes to the Financial Statements - continued for the Year Ended 31st May 2025
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 2,661 | 3,486 |
| Other operating leases | 4,233 | 4,233 |
Independent examiner fees charged in 2024 relate to the former independent examiner, and not to the current independent examiner.
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st May 2025 nor for the year ended 31st May 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31st May 2025 nor for the year ended 31st May 2024.
10. STAFF COSTS
There were no staff employed in either the current or prior year.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 7,493 18,638 Other trading activities 30,303 - Total 37,796 18,638 EXPENDITURE ON Raising funds 5,387 - Charitable activities Support of New Hope - Worcester CIC 50,423 - Total 55,810 - NET INCOME/(EXPENDITURE) (18,014) 18,638 RECONCILIATION OF FUNDS Total funds brought forward 13,321 - TOTAL FUNDS CARRIED FORWARD (4,693) 18,638 |
Total funds £ 26,131 30,303 |
|---|---|
| 56,434 | |
| 5,387 50,423 |
|
| 55,810 | |
| 624 13,321 |
|
| 13,945 |
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New Hope Worcestershire
Notes to the Financial Statements - continued for the Year Ended 31st May 2025
12. PRIOR YEAR ADJUSTMENT
The comparatives have been adjusted to account for a National Lottery grant of £18,638 received last year (and originally included within trading income) as being restricted fund income.
13. TANGIBLE FIXED ASSETS
| 13. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures, | |||||
| fittings | |||||
| and | Motor | ||||
| equipment | vehicles | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1st June 2024 and 31st May 2025 | 68,674 | 5,490 | **74,164 ** | ||
| DEPRECIATION | |||||
| At 1st June 2024 | 67,042 | 1,373 | 68,415 | ||
| Charge for year | **1,632 ** | 1,029 | **2,661 ** | ||
| At 31st May 2025 | 68,674 | **2,402 ** | 71,076 | ||
| NET BOOK VALUE | |||||
| At 31st May 2025 | - | 3,088 | 3,088 | ||
| At 31st May 2024 | 1,632 | 4,117 | 5,749 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Amounts owing to New Hope - Worcester CIC | 50,189 | 60,016 | |||
| Accrued expenses | 3,000 | 1,499 | |||
| 53,189 | 61,515 | ||||
| 15. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.6.24 | in funds | funds | 31.5.25 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | (4,693) | 13,089 | (1,844) | 6,552 | |
| Restricted funds | |||||
| The Gathering Place | 18,638 | (20,482) | 1,844 | - | |
| TOTAL FUNDS | 13,945 | **(7,393) ** | - | **6,552 ** | |
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 48,348 | (35,259) | 13,089 | ||
| Restricted funds | |||||
| The Gathering Place | - | (20,482) | (20,482) | ||
| TOTAL FUNDS | 48,348 | (55,741) | **(7,393) ** |
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New Hope Worcestershire
Notes to the Financial Statements - continued for the Year Ended 31st May 2025
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.6.23 | in funds | 31.5.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,321 | (18,014) | (4,693) |
| Restricted funds | |||
| The Gathering Place | - | 18,638 | 18,638 |
| TOTAL FUNDS | 13,321 | 624 | 13,945 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,796 | (55,810) | (18,014) |
| Restricted funds | |||
| The Gathering Place | 18,638 | - | 18,638 |
| TOTAL FUNDS | 56,434 | (55,810) | 624 |
The Gathering Place
Relates to National Lottery funding for a project used to provide a social space for people who may be socially isolated and help bring people together to create a stronger community.
A transfer from unrestricted funds of £1,844 was made to cover the overspend on this project.
16. RELATED PARTY DISCLOSURES
During the year the charity issued grants totalling £25,000 (2024 - £45,000) to New Hope - Worcester CIC, a community interest company under the control of the charity's trustees. At the year end the charity owed New Hope - Worcester CIC £50,189 (2024 - £60,016).
This page does not form part of the statutory financial statements
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