**REGISTERED CHARITY NUMBER: 1151846** 

## **Report of the Trustees and** 

**Unaudited Financial Statements for the Year Ended 31 December 2022** 

**for** 

**Highway Hope** 

Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF 



**Highway Hope** 

## **Contents of the Financial Statements for the Year Ended 31 December 2022** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**|14|to|15|





**Highway Hope** 

## **Report of the Trustees for the Year Ended 31 December 2022** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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). 

The Trustees have pleasure in presenting their report for the period ended 31 December 2022 

Highway Hope is a Registered Charity with Registration Number 1151846 and a Registered office at No. 1 Rawsthorne Avenue, M18 7GA. 

The Board of Board of Trustees 

Mr Joseph Solademi- Chair Mr Michael Afolabi - Vice Chair Ms Modupe Adediran – Treasurer Ms Pauline Limen – Secretary Ms Janet Dagiloke – Financial Secretary/PRO 

## **Our aims and activities** 

Highway Hope’s vision is to transform lives, empower and support local residents within the community. 

Our mission is to improve health and wellbeing of our community through a range of multi-purpose services for families, young children, young  adults;  learning  opportunities; catering  and  room  hire;  events  for  social inclusion; volunteering and general services. 

## **Our Social Impact are recorded as follows:** 

Relief of Poverty and Hardship Encourage community cohesion and engagement Reducing social isolation Advancing Education and Training Advancing Mission and Christian Education Improving health and wellbeing Increasing employability 

## **Achievements and Performance** 

The achievements and performance are stated out below. 

## **Review of  our charitable activities** 

## **Key Achievements in 2022** 

The past year has been successful: we have: 

• We supported over 200 families weekly in the height of the pandemic and have continued to support more families with food parcels and readymade meals. 

• We purchased the property at 4 Lees Street,Manchester M11 1WH which now houses our beauty house and photography studio. 

• We have tailored our support to 30 unemployed people. 

- We have trained over 30  people as community volunteers with digital skills. 

• We trained 20 food ambassadors to facilitate food distribution to the needy in their wards. 

• We have increased the number of young people attending our extended supplementary school service during the weekends achieving GCSE's, and 11 plus successes from 150 to 200. 

Page 1 



## **Highway Hope** 

## **Report of the Trustees for the Year Ended 31 December 2022** 

• We are advancing greatly with our counselling unit supporting the emotional needs of the local residents post pandemic. 

## **The relief of poverty and hardship** 

Highway Hope supported approx. 200 families a week through our free community café, food bank and charity shop in the height of the pandemic to help alleviate poverty. This enabled our service users/young people to access opportunities and be supported to gain access to regular work placements, and volunteering increases their basic and employability skills. Our service users are supported as they make important transitions in their lives specifically gaining meaningful employment. 

We also have established links with smaller local employers in the retail and food industries who can provide mentoring support and work experience to young people. We also explored other routes such as traineeships and apprenticeship progression routes for young people. 

Our services support people every week to provide a more tailored and bespoke service to those vulnerable in our community to engage during the important transition into employment/self-employment and make a transition through the employment market. The support lasts for approximately six months, which can be extended according to needs. This also includes catching up with their education to move towards independence, increasing their mental health and well-being and supporting those at risk of unemployment and offending delivered in a group and/or 1 2 1 setting. 

## **Charity Shop and second hand furniture shop :** 

Our charity shops are located at 1 Matthews lane, Levenshulme and 28-30 Princes Street, Stockport, shops are open Mondays - Saturdays (10am-4pm) . 

These shops provide a range of donated and recycled items at discounted prices to local communities offering affordable clothes, toys, and household goods/furniture.  We also tackle furniture poverty and offer valuable skills and work experience to volunteers/ long term unemployed. 

## **Homeless project** 

We had always supported the homeless with readymade meals but this year due to the impact of the Covid-19 pandemic, we also supported with accommodation needs 

## **3 Lees Street,Manchester ,M11 1WH** 

In 2022, we purchased the property at 4 Lees Street which has been our charity shop serving the residents of Openshaw for 6 years, this property now holds our beauty house and photography studio and serves local residents more especially those of the BAME residents with beauty and fashionable services as well as offers training opportunities. 

## **Community cohesion and engagement** 

Social Nights –We encourage community cohesion every Thursday with varying social activities aimed at encouraging social connectedness among community members from different ethnic and religious background. During this weekly program, participants are exposed to different competitive activities whereby the winners go home with prizes. Meals are served for free during this program. The program has contributed immensely to peaceful co-existence among members from diverse ethnic and religious background in the community. We record a weekly attendance of an average of 30 attendees. 

## **Advancing Education and Training:** 

Highway Hope educational support for KS2, KS3 & KS4 school year students. We support over 200 young children from various mainstream schools with an aim of adding value to their academic -performance. This holds every Saturday between 10am-6pm. 

## **Advancing Mission and Christian Education** 

We support missions abroad in Nigeria, Botswana and Uganda through the provision of health care facilities in the remote areas of Africa. 

## **Improving health and wellbeing** 

We run health awareness days both onsite and online as well as fitness classes. 

## **Review:** 

The trustees of Highway Hope review the aims, objective and activities of the charity every year. The review looks at what we have achieved and the outcomes of our work over the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people it has set out to help. The review ensures that the aims, objective and activities remained focused on its stated purposes. 

Page 2 



## **Highway Hope** 

## **Report of the Trustees for the Year Ended 31 December 2022** 

We have referred to the guidance of the Charity Commissions general guidance on public benefit when reviewing aims and objectives and in planning our future activities. In particular, the Trustees have considered how the planned activities will contribute to the aims and objectives they have set. 

## **The focus of our work** 

Highway Hope was inaugurated in September, 2012 by opening up a café to the local community with support from the New Covenant Church, Manchester serving free tea and coffee. 

It was constituted as a charity in May, 2013. 

## **How our services deliver public benefit** 

The Trustees have considered the new obligations of the Charities Act 2006. We are satisfied that Highway Hope complies with the Act and with section 4 of the Act concerning ‘public benefit’ guidance issued by the Charity Commission. 

Our main activities and who we are trying to help is described. 

All our charitable activities focus on the prevention of emotional, social and economic disadvantage due to the lack of financial means and  are undertaken to further our charitable purposes for the public benefit. 

## **Reserves** 

The Trustees have examined the requirements for free reserves and they consider that, given the nature of the Charity's work, free reserves should be equivalent to approximately 2 months routine expenditure of £60,000. The trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1151846 

## **Principal address** 

1 Matthews Lane Manchester M12 4QW 

## **Trustees** 

Ms D Adediran AIMLT ; MT M Afolabi BSC ; MSC P  DIP; PSCH EDU; PGCE J Dagiloke R J Solademi 

## **Independent Examiner** 

Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF 

Page 3 



**Highway Hope** 

## **Report of the Trustees for the Year Ended 31 December 2022** 

Approved by order of the board of trustees on 22 October 2023 and signed on its behalf by: 

M Afolabi BSC ; MSC - Trustee 

Page 4 



## **Independent Examiner's Report to the Trustees of Highway Hope** 

## **Independent examiner's report to the trustees of Highway Hope** 

I report to the charity trustees on my examination of the accounts of Highway Hope (the Trust) for the year ended 31 December 2022. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants England and Wales which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of 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 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. 

Su Rai Institute of Chartered Accountants England and Wales Raise Chartered Accountants 10th Floor 3 Hardman Street Spinningfields Manchester M3 3HF 

26 October 2023 

Page 5 



## **Highway Hope** 

## **Statement of Financial Activities for the Year Ended 31 December 2022** 

|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|2|1,743|-|1,743|14,538|
|**Charitable activities**||||||
|Food bank and Community food store||12,500|-|12,500|147,650|
|Supplementary education||160,341|-|160,341|102,477|
|Free community and social cafe||9,573|-|9,573|74,228|
|Furniture store||18,210|-|18,210|43,721|
|Charity store||106,057|-|106,057|28,042|
|Community outreach||42,397|-|42,397|-|
|Investment income|3|7,650|-|7,650|-|
|**Total**||358,471|-|358,471|410,656|
|**EXPENDITURE ON**||||||
|Raising funds|4|-|-|-|1,188|
|**Charitable activities**||||||
|Food bank and Community food store||56,681|649|57,330|130,181|
|Supplementary education||85,384|9,054|94,438|80,602|
|Free community and social cafe||32,377|649|33,026|81,736|
|Furniture store||64,600|649|65,249|40,141|
|Charity store||43,483|649|44,132|58,520|
|Charitable giving||2,284|-|2,284|1,280|
|Community outreach||44,325|14,604|58,929|-|
|**Total**||329,134|26,254|355,388|393,648|
|**NET INCOME/(EXPENDITURE)**||29,337|(26,254)|3,083|17,008|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||70,960|27,881|98,841|81,833|
|**TOTAL FUNDS CARRIED FORWARD**||100,297|1,627|101,924|98,841|
|||||||



The notes form part of these financial statements 

Page 6 



## **Highway Hope** 

## **Balance Sheet 31 December 2022** 

|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|7|275,372|1,628|277,000|18,360|
|**CURRENT ASSETS**||||||
|Debtors|8|5,000|-|5,000|-|
|Cash at bank||9,481|-|9,481|123,934|
|**CREDITORS**||14,481|-|14,481|123,934|
|Amounts falling due within one year|9|-|-|-|(43,453)|
|**NET CURRENT ASSETS**||14,481|-|14,481|80,481|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||289,853|1,628|291,481|98,841|
|**CREDITORS**||||||
|Amounts falling due after more than one year|10|(189,557)|-|(189,557)|-|
|**NET ASSETS**||100,296|1,628|101,924|98,841|
|**FUNDS**|13|||||
|Unrestricted funds||||100,296|70,960|
|Restricted funds||||1,628|27,881|
|**TOTAL FUNDS**||||101,924|98,841|
|||||||



The financial statements were approved by the Board of Trustees and authorised for issue on 22 October 2023 and were signed on its behalf by: 

M Afolabi BSC ; MSC - Trustee 

The notes form part of these financial statements 

Page 7 



## **Highway Hope** 

**Notes to the Financial Statements for the Year Ended 31 December 2022** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, 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 Charities Act 2011. 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. 

## **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. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

|Plant and machinery|-|20% on cost|
|---|---|---|
|Fixtures and fittings|-|33% on cost|
|Motor vehicles|-|20% on cost|
|Computer equipment|-|20% on cost|



## **Taxation** 

The charity is exempt from 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. 

## **Pension costs and other post-retirement benefits** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **2. DONATIONS AND LEGACIES** 

31.12.22 31.12.21 £ £ Donations 1,743 14,538 

continued... 

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## **Highway Hope** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022** 

## **3. INVESTMENT INCOME** 

## **4.** 

|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Rents received|7,650<br>-||
|**RAISING FUNDS**|||
|**Raising donations and legacies**|||
|Support costs|31.12.22<br>£|31.12.21<br>£<br>-<br>1,188|



## **5. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no payments of trustees remuneration of other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>Restricted<br>fund<br>fund<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>14,538<br>-<br>**Charitable activities**<br>Food bank and Community food store<br>91,750<br>55,900<br>Supplementary education<br>92,032<br>10,445<br>Free community and social cafe<br>60,728<br>13,500<br>Furniture store<br>43,721<br>-<br>Charity store<br>28,042<br>-<br>**Total**<br>330,811<br>79,845<br>**EXPENDITURE ON**<br>Raising funds<br>1,188<br>-<br>**Charitable activities**<br>Food bank and Community food store<br>113,263<br>16,918<br>Supplementary education<br>57,078<br>23,524<br>Free community and social cafe<br>61,938<br>19,798<br>Furniture store<br>40,141<br>-<br>Charity store<br>56,020<br>2,500<br>Charitable giving<br>1,280<br>-<br>**Total**<br>330,908<br>62,740<br>**NET INCOME/(EXPENDITURE)**<br>(97)<br>17,105<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>71,057<br>10,776|Total<br>funds<br>£<br>14,538<br>147,650<br>102,477<br>74,228<br>43,721<br>28,042<br>410,656<br>1,188<br>130,181<br>80,602<br>81,736<br>40,141<br>58,520<br>1,280<br>393,648<br>17,008<br>81,833|
|---|---|



continued... 

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## **Highway Hope** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022** 

|**6.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>fund<br>fund<br>£<br>£<br>**TOTAL FUNDS CARRIED FORWARD**<br>70,960<br>27,881<br>**7.**<br>**TANGIBLE FIXED ASSETS**<br>Freehold<br>Plant and<br>property<br>machinery<br>£<br>£<br>**COST**<br>At 1 January 2022<br>-<br>7,364<br>Additions<br>268,269<br>-<br>At 31 December 2022<br>268,269<br>7,364<br>**DEPRECIATION**<br>At 1 January 2022<br>-<br>6,748<br>Charge for year<br>-<br>616<br>At 31 December 2022<br>-<br>7,364<br>**NET BOOK VALUE**<br>At 31 December 2022<br>268,269<br>-<br>At 31 December 2021<br>-<br>616<br>Motor<br>Computer<br>vehicles<br>equipment<br>£<br>£<br>**COST**<br>At 1 January 2022<br>14,250<br>18,549<br>Additions<br>-<br>1,218<br>At 31 December 2022<br>14,250<br>19,767<br>**DEPRECIATION**<br>At 1 January 2022<br>8,500<br>12,650<br>Charge for year<br>2,850<br>2,665<br>At 31 December 2022<br>11,350<br>15,315<br>**NET BOOK VALUE**<br>At 31 December 2022<br>2,900<br>4,452<br>At 31 December 2021<br>5,750<br>5,899|Total<br>funds<br>£<br>98,841<br>Fixtures<br>and<br>fittings<br>£<br>25,131<br>1,088<br>26,219<br>19,036<br>5,804<br>24,840<br>1,379<br>6,095<br>Totals<br>£<br>65,294<br>270,575<br>335,869<br>46,934<br>11,935<br>58,869<br>277,000<br>18,360|
|---|---|



continued... 

Page 10 



## **Highway Hope** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022** 

|**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Other debtors|5,000<br>-||
|**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
||Taxation and social security|31.12.22<br>£|31.12.21<br>£<br>-<br>3,453|
||Other creditors||-<br>40,000|
||||-<br>43,453|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
||Bank loans (see note 11)|31.12.22<br>31.12.21<br>£<br>£<br>159,916<br>-||
||Other creditors|29,641<br>-||
|||189,557<br>-||
|**11.**|**LOANS**|||
||An analysis of the maturity of loans is given below:|||
||Amounts falling due in more than five years:|31.12.22<br>£|31.12.21<br>£|
||Repayable otherwise than by instalments:|||
||Bank loans more 5 yrs non-inst|159,916<br>-||
|**12.**|**SECURED DEBTS**|||
||The following secured debts are included within creditors:|||
||Bank loans|31.12.22<br>31.12.21<br>£<br>£<br>159,916<br>-||
|||||



The charity has a 20 year bank loan with Natwest. This is secured by a first legal charge on the property 2b-4 Lees Street, Openshaw, M11 1WH. The interest rate applicable to the loan is 3% above Bank of England. 

continued... 

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## **Highway Hope** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022** 

## **13. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**<br>**Comparatives for movement in funds**<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Net<br>movement<br>At<br>At 1.1.22<br>in funds<br>31.12.22<br>£<br>£<br>£<br>70,960<br>29,336<br>100,296<br>27,881<br>(26,253)<br>1,628<br>98,841<br>3,083<br>101,924<br>Incoming<br>Resources<br>Movement<br>resources<br>expended<br>in funds<br>£<br>£<br>£<br>358,471<br>(329,135)<br>29,336<br>-<br>(26,253)<br>(26,253)<br>358,471<br>(355,388)<br>3,083<br>Net<br>movement<br>At<br>At 1.1.21<br>in funds<br>31.12.21<br>£<br>£<br>£<br>71,057<br>(97)<br>70,960<br>10,776<br>17,105<br>27,881<br>81,833<br>17,008<br>98,841|
|---|---|



continued... 

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## **Highway Hope** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted<br>**TOTAL FUNDS**|Incoming<br>Resources<br>Movement<br>resources<br>expended<br>in funds<br>£<br>£<br>£<br>330,811<br>(330,908)<br>(97)<br>79,845<br>(62,740)<br>17,105<br>410,656<br>(393,648)<br>17,008|
|---|---|



## **14. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 December 2022 nor for the year ended 31 December 2021. 

## **15. RESTRICTED FUNDS** 

The charity received no further restricted funds this year and utilised the restricted funds received last year. 

## **16. MOVEMENT IN FUNDS** 

||Brought||Resources||
|---|---|---|---|---|
|Restricted funds|Forward|Incoming resources|expended|Carried forward|
|Forever Manchester|2,708|0|1,080|1,628|
|Global Majority Fund|6,773|0|6,773|0|
|Making Education a priority|8,400|0|8,400|0|
|Access to Growth|10,000|0|10,000|0|
|Total Restricted Funds|27,881|0|26,253|1,628|



Page 13