## **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 Page 2 ## **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|**Page**| |---|---| ||3
4-5
6
7
8
9-10
11| Page 3 ## **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 Page 4 ## **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 - a. Select suitable accounting policies and apply them consistently. - b. Make judgments and estimates that are reasonable and prudent. - c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - 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. Page 5 # **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 Page 6 ## **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: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or 3. 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 4. 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 Page 7 ## **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 Activities**In 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| |---|---|---|---|---| |||||| The notes on page 9-11 form part of these accounts. Page 8 ## **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| |---|---|---|---| 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. Page 9 ## **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)| |---|---|---| Page 10 ## **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**| |---|---| Page 11 ## **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 Activities**In 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| |---|---|---|---|---| ||||||