HOPEGROVE
Annual Report and Financial Statements
For year ended 31 December 2023
Charity Number
1155462
Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2023
Contents
| Charity Information Report of The Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the accounts Detailed profit and loss accounts and statement of financial activities |
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| 3 4-5 6 7 8 9-10 11 |
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
Charity Information
Board of Trustees
Akiva Grunhut Chayele Friedman Moshe Weiss
Administration Address
OCC Estate, Building A, Suite 8 105 Eade Road London N4 1TJ
Charity Number
1155462
Accountants
Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
Bankers
HSBC Bank plc 448-454 High Road London N17 9JN
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
Report of the Trustees
Status and Administration
The Charity constituted by trust deed, dated 24 January 2014 is a registered charity.
Trustees
The Trustees in office throughout the year were Mr Akiva Grunhut, Mrs Chayele Friedman and Mr Moshe Weiss.
No trustee nor any person connected with them received any remuneration during the year.
Charitable Objects
The object of the charity is:
The advancement of the Orthodox Jewish religion, Orthodox Jewish education and education in general. The relief of poverty, sickness and infirmity for the public benefit. Such other purposes as are charitable according to English law as the trustees may from time to time in their absolute discretion to determine.
Public benefit
The trustees confirm their compliance, with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
Reserves Policy
The Trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Responsibilities of the Trustees
Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
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a. Select suitable accounting policies and apply them consistently.
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b. Make judgments and estimates that are reasonable and prudent.
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c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
Report of the Trustees (continued)
Financials
This year's total incoming resources were £37,916 (2022: £286,539), the trustees are satisfied with the financial results for the year, with a net deficit for the year of £164,653 (2022: surplus of £107,006).
Funds are available to permit the charity to continue in operation in the medium to long term and to continue to fund worthwhile projects.
The Directors / Trustees have continued working hard to keep costs and overheads to a minimum without compromising on our high standard of service and professionalism.
Approved by The Trustees on 9th October 2024
Akiva Grunhut - Trustee
HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
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Independent Examiner's Report to the Trustees
I report on the financial statements of Hopegrove for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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 financial statements 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).
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.
Ian Graff - FCCA Accounts and Business Solutions 158 Cromwell Road Salford M6 6DE
Date: 9th October 2024
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2023
Statement of Financial Activities
| Incoming Resources Donations Received Net incoming resources available for charitable application Less: Charitable expenditure Cost of ActivitiesIn Furtherance of the Charity's Objects Grants and donations given Bank charges Governance costs Independent Examiner's fees Accumulated Funds Net Deficit / (Surplus) for the year Balance brought forward Balance carried forward |
Notes 3 7 |
Unrestricted funds £ 37,916 37,916 37,916 201,309 60 201,369 1,200 (164,653) 197,517 32,864 |
2023 Total £ 37,916 37,916 37,916 201,309 60 201,369 1,200 (164,653) 197,517 32,864 |
2022 Total £ 286,539 286,539 286,539 178,871 62 178,933 600 107,006 90,511 197,517 |
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The notes on page 9-11 form part of these accounts.
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2023
| Current Assets Debtors Cash at Bank Current Liabilities Accruals Long-term Liabilities Bank loans > 1 year Net Assets Accumulated Funds Restricted Unrestricted |
Notes 2023 2023 £ £ 4 45,100 9,731 54,831 5 (600) 6 (21,367) 32,864 0 32,864 32,864 Balance Sheet At 31 December 2023 |
2022 £ 39,100 189,899 |
2022 £ 228,999 0 (31,482) 197,517 0 197,517 197,517 |
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Approved by the Trustees on 9th October 2024 and signed on behalf of them all.
Akiva Grunhut - Trustee
The notes on page 9-11 form part of these accounts.
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
Notes To The Accounts
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005).
Cash Flow
The accounts 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.
Donations and Fund Accounting
Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
Support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
2) Taxation
The Charitable Company is exempt from taxation on its charitable activities.
3) Incoming Resources
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
| 4) Current Assets Debtors 5) Current Liabilities Accruals 6) Long-term Liabilities Bank loans > 1 year |
2023 £ 45,100 45,100 2023 £ 600 600 2023 £ (21,367) (21,367) |
2022 £ 39,100 39,100 2022 £ 0 0 2022 £ (31,482) (31,482) |
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HOPEGROVE Charity Number 1155462 Financial Statements For Year Ended 31 December 2023
Notes To The Accounts (continued)
7) Breakdown of grants and donations paid
| Name Chasdei Shlomo Trust Choimel Dolim CML Cong Yetev Lev Dushinsky Trust Inspire a Teen Kehal Yetev Lev Kollel Yetev Lev Lehachzikom UK Mars Org Ltd Satmar Torah Trust Viznitz Insitution Wlodowa and rehabi Grants and donations below £7,000 Total |
Amount £10,000.00 £10,000.00 £10,000.00 £10,000.00 £10,000.00 £7,000.00 £15,000.00 £10,000.00 £10,000.00 £10,000.00 £15,000.00 £10,000.00 £10,000.00 £64,309.18 £201,309.18 |
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HOPEGROVE Charity Number 1155462 Financial Statements
For Year Ended 31 December 2023
Detailed profit and loss accounts and statement of financial activities
| Incoming Resources Donations Received Net incoming resources available for charitable application Less: Charitable expenditure Cost of ActivitiesIn Furtherance of the Charity's Objects Grant and donations Governance costs Independent Examiner's fees Bank charges Accumulated Funds Net Deficit / (Surplus) for the year Balance brought forward Balance carried forward |
Notes 3 7 |
Unrestricted funds £ 37,916 37,916 37,916 201,309 201,309 1,200 60 1,260 -164,653 197,517 32,864 |
2023 Total £ 37,916 37,916 37,916 201,309 201,309 1,200 60 1,260 -164,653 197,517 32,864 |
2022 Total £ 286,539 286,539 286,539 178,871 178,871 600 62 662 107,006 90,511 197,517 |
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