HOPE Coventry CIO Registered Charity No. 1155912 Coventry Trustees. Annual Report and Financial Statements forthe year ending December 31, 2024 Coventry Church klng together Building P&rtnoiship5 Coventry Building partnerships . Speaking out . Giving hope Page i of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Our purpose: to enable churches together to transform our city with the love and power of Jesus Christ Charity registered in England & Wales charity nr. 1155912 Contents Section Page Key Contacts, Legal and Administrative Trustees Annual Report Introduction, Our Objertives, Fulfilling ourAims Main Activities of the Charity during the Year Governance Looking to the Future Report of the Independent Examiner Financial Statements Statement of Financial Activities (SOFA) Balance Sheet 20 Notes to the Financial Statement 21 Page 2 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Key Contacts, Legal and Administrative Correspondence & Media Correspondence Address ' The Halo Centre, Progress Wayi Binley Industrial Estate, Coventry, CV3 2NT Phone 07733 600611 Email andrew.hillier@hopecoventry.org.uk Web Hopecoventry.org.uk Social facebook.comlhopecoventry Legal & Administrative Charity Name Hope Coventry CIO Registered Charity Number 1155912 Registered Office The Halo Centre, Progress Wayi Binley Industrial Estate, Coventry, CV3 2NT Esther Storey (Chair) Andrew Hillier Pastor Eniiwaju Etomi Mr Angus Ormes Mr Andrew 5impkins (Vice Chair) Mrjohn Scouller Mr5 Adele Harris Rev Jonathan Maynard Mr Daniel Tchokoteu (appt. 2212025) Lloyds Bank High Street Coventry Gavin Kibble ACMA i Kineton Road Coventry CV3 2NR Trustees Bankers Independent Examiner Page 3of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Trustees, Annual Report Introduction The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 i January 2019). Our Objectives and Activities AIMS HOPE Covent$ aims and objectives are primarily to advance the Christian faith for the benefit of the public in accordance with the Charity's Statement of Faith, in particular but not exclusivelyo by: a) proclaiming Christian messages of an evangelistic and teaching nature in Coventry, Warwickshire and beyond. b) demonstrating, promoting and encouraging Christian values including dignity, empowerment and partnership to all people in Coventry, Warwick5hire and beyond. It also aims to relieve povertyi need and sickness in Coventry and elsewhere as the trustee5 decide, through the provision of education and practical action, working with those affected either directly orthrough relevant relief agencies. OBJECTIVES AND ACTIVITIES Principle activities The Charity's principal activities are: Operating a befriending service and support groups for vulnerable and isolated older people (Good Neighbours Coventry). Operating Coventry Debt Centre (a branch of CAP: Christians Against Povety.) Overseeing the Coventry Prayer House and supporting prayer initiatives in the city, like the formation of Regional Prayer Gatherings, and support of Regional City Praise and Prayer I City Praise and Prayer Providing prayer in the city centre (HOTS) foranyone who wants it, including for healing and life circumstances. Page 4 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Organising activities as an expression of church in the city during the Motofest Festival in Coventry (HOPE@MotoFest). Providing local church and charity leaders with connection opportunities, including through hosting twice-yearly conferences (HOPE Leaders, Gathering) Providing high-quality fortnightly newsletters and regular social media posts with information about churches and Christian organisations, work in the city and beyond. Connecting members of the public, professionals, local and national organisations through specialist signpostingi e.g. to sources of food, social groups, niche funding options, and ways to volunteer. Offering free training to individuals and local charitie5. Providing Christian youth leaders with regular networking opportunities (quarterly), with a viewto facilitating trainingi prayer andjoint events (such as Youth City Praise and Prayer). Page 5 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Main Activities of the Charity During The Year The charity continued to sustain its commitments and respond to 50cietal needs in the city. We are located at"The Halo Centre" a charity hub including Coventry Foodbank, Feedthe Hungryi Hope into Action and HOPE Coventry. We have 16 part time staff working across four projects. There are 400+ volunteers serving 700+ clients from befriending to debt relief, offering prayer, to providing events across the city. HOPE Coventry has continued to grow throughout 2024. More churches of different types, and broader communities, have become involved in Building Partnerships, Speaking Out, and Giving Hope with us. In this challenging financial, environmental and spiritual climate, the need within each project has grown. More older people are appearing isolated (over 670 in the year)- more families are in debt; more youth are struggling with wellbeing,- more people need prayer. We are privileged to provide support to those in need, thanks to hundreds of volunteersi grants of all sizes, and church support & prayer. Please get involved if you feel able to do so. office@hopecoventry.org.uk l 07563 902 904 ioth Anniversary A highlight of this year wa5 celebrating our ioth Anniversary. Over 120 Staff, volvnteers and guests gathered inthe city centretocelebrate whatwe had achieved, and pray and plan forthefuture. Itwa5 a moving reflection of all the amazing work facilitated over the past decade, and offered opportunities to dream about HOPE Coventry's next decade. This included the potential of HOPE Hubs- theme-based groups addressing possible unmet social needs in the city e.g. mental health and wellbeing, homelessness etc. "I've never known two and a half hours go so quicklyl Every aspert of it wasfabulous. I particularly liked the videos that HOPE Coventry had prepared about its activities, and the eclectic gatherings [of volunteer5, local & church leaders, clients, referrers] at the table5 madefor interesting and stimulating convetsotion"_ attendee Awards . ryoi*. Page 6 of 30
HOPE Coventry CIO Re8iStered Charity No. 1155912 Coventry West Midlands Deputy Lieutenant Pauline Black OBEjoined us in thanking volunteer5 fortheir contributions to the city over the last io years via certificates of achievement. Good Neighbours Coventry Good Neighbours continues to make bespoke i:1 befriending matches between i501ated older people, and carefully recruit and train volunteers. The project received 378 new referrals in 20241 and had an additional -300 existing clients we actively supported at any point through the year. We continued our Memory Lane groups successfully at two locations,. these are highly valued by people living with dementia and their carers. Our two men's groups from previous years have continued at their previous two locations. Additionally, we helped to launch a new group in Tile Hill (since handed over to local church management), and in autumn, began a new and growing group in Foleshill (a deprived and diverse part of the city). We continued to provide additional specialised training for volunteers, staff, members of the public other charities, and professionals. A particular highlight was our"Everything over 605 should know- signposting for older people. training session. We attended numerous community events including those run by the Dementia Hub, the Carers, Trust, Coventry Cathedral and the Tile Hill community. We held several volunteer and older people meetups, to fostera sense of belonging, especially for older people who are typically housebound. We formed partnerships with #Covconnects and the National Databank to reduce digital exclusion, and Talking Therapies to improve isolated older people's acce5S to mental health services. In addition to grant funding applications, we involved our clients and volunteers in the charity's ioth Anniversary celebrations, and raised funds through a community coffee morningi sponsored walks and runs. Page 7 of 30
HOPE Coventry CIO Registefed Charity No. 1155912 Coventry Friendships for older people Rachel, CV6 Coordinatorfor Good Neighbours Coventryi said: "A rewarding moment thisyear was when a nervous client who loves chess was matched with a volunteer who shares that interest. Theyget along really well, and when I ve colledfor updates. Nigel's wife has beenfull ofprai5efor the positive change the social interaction has made. Nigel & Pawel are now consideringjoining a chess club togetherf Shaun, CV2 Coordinator for Good Neighbours Coventry, said: "The highlight of myyear was introducing Winnie to our befvender, Sorya. Winnie had been spending most days alone in herfront room, watching the world pass by. Everything changed overnight once she met Sorya. Now, Winnie has afriend who visits her weeklyi Spending quality time together and going on trip5 and adventures. Sorya's children have also started joining these visits, and everyone cherishes the time they spend together. It's truly a joy to see the transformation in Winnie's life. Jess, Good Neighbours Coventry Project Manager, said: "An emotional highlight at our Christmas afternoon tea event was the first in-person meeting of a befriender and olderperson who have ()een weekly telephonefriendsfor 4 years. Nancy is visually and hearing impaired, has dementia, and is veryfrail. HervolunteerParminder is physicallydisabled herself, andfrlt isolated after retiring. We were able to transport Nancy and Parminder to the ofternoon tea. They were thrilled tofinally meetface tofvce with o hug, exchanging gifts, taking photos together to remember the occasion. It was moving to see how Parminder gently supported Noncy throughout the event- a testimony to the long- distance trust they had built up.- Carol, Memory Lane Coordinator, said: "Volunteer5from all backgrounds are a valued part of Good Neighbours. Neil 15 an older man who has physical disabilities and significant lifelong mental health challenges, meaning that he has been isolated and struggled to makefriends. .1 Page 8 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry As well as now ottending one of our Men's Groups, Neil is a valued lon9-Standing volunteerat a Memory Lane group. He enjoysfeeling useful and contributing to helping others. Neil has modefriends with other volunteers at the group, who phone him every week to see how he is, even when he is in hospital.. Names have to changed to protect anonymity Christians Against Poverty- This year Christians Against Poverty have supported 51 regular clients and met an additional 193 families through drop in centres. Assuming an average of two people per family, that is around 500 people. Case Studies lan, Christians Against Poverty Coventry Manager, said: "Cuthbert had been struggling to support three elderly relatives and had not made time for himself, drifting into debt. When we met him at a Foodbonk, he wa5 in tears about a bailiff 'threatening his door. We sot ond chatted, then made just one call to the bailiff, who was artuolly understanding and accepted o much- reduced monthly payment, which we had worked out that Cuthbert could afford. We've since put a few other things in placefor him, and he is also looking to re-engage ot his church. "Ken came to one of our drop ins at a localfoodbank and we got chatting about his debt ond inability to budget. He acknowledged he just spends money when it 15 in his occount and doesn't plan ohead. He was keen to get all his regularpayments (rent council tax etc) paid on the day his Universal Credit was paid. We helped him make phone calls to do that and then appliedfor support in paying hi5 water bill. Alongside putting o budget together, we looked at 2 debts with bailiffs thot were causing him much anxiety. Wephoned them both andmade orrangementsfora token poyment on one, andbthIng space of a month on the other. This gave him spoce until an Advance loan was completed with Universal Credit. This took3 VlSlts with Ken but ofter each, hi5 anxiety was clearly reduced. We continue to keep an eye on him. Names have been changed to protect anonymity Page 9 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Coventry House of Prayer Following much prayer and consideration, from 30th September 2024, Coventry House of Prayer ceased to be a project of HOPE Coventry and became an independent organisation. The team felt called toward5 becoming aligned with the Local House of Prayer movement, having greater connection and involvement with the Hov5e5 of Prayer national and international initiatives. The process and di5CU55ions were really positive. HOPE Coventry and CHOP remain in good working relationship with each other, as we all seek to see the city transformed with the love and grace of Jesus. Healing on The Streets- The Healing on The Streets team have had over 270 prayer encounters thi5 year and countless more conver5ation5and connections. These have included physical healings such as severe pain completely going after prayer and people making a decision to follow Jesus forthe first time. Jo from Healing on the Streets said: "It was a record-breakingfinal session of2024 Wlth 17prayer encounters in the city centrell Examples from prayer reports: A young lady saidshe had a headache. We prayedfor healing andfvrpeace toflowfrom her head to her toes. She wos verygroteful and said with surprise that her headache hadgone A lady who hos beenforprayer before returnedforprayerforhergranddaughter and her own health. She reminded the team of the times the teams prayets had been answered before, in some quite amazing ways, and everyone was left encouraged and uplifted A young lady receivedprayerfor a jobfollowing the completion of her studies. She told another team member shefelt lonely and they were able to 51t and talk togetherforsome time, which encouraged her" From one session in October: A lady with arthritic poin in her knees and back wos overjoyed to report that herpain level went from io (worst) down t03following prayer A second lady also with arthritis experienced the pain gofrom io to COMPLETEL Ygonel A third lady with arthritis that15 getting worse recently reported no change afterprayer but said She wouldn t really know until she walked a bit. Full offaith, the team memberoffered to walk a while with hertofindout, which she agreed to butit was clearfrom herface she wasn't expecting any change. However, to her amazement She said it had much improved, saying to the team member'how didyou do that?11 She explained ofcourse it was not us but Godl Safeguarding Training Page io of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Throughout 2024 we have delivered a comprehensive programme of safeguarding training to volunteers across all of our projects. The training is a comprehensive overview of relevant safeguarding issues for volunteering scenarios, followed by a short quiz to ensure information has been understood and retained. 17 safeguarding training sessions were provided in 2024, covering a range of times and locations. Feedback from the training has been extremely positive: "succinct andfull of helpfulpractical andfactual references" "Delivered really well, everything wos exploined clearly andprecisely- "Ifound the session to be extremely beneficial and enlightening City Praise & Prayer 2024 brought a number of firsts for City Praise and Prayer. As well a5 our usual gathering in June on Grey Friars Green, where ioo's of people from churches across the city gathered for prayer and worship, we also had a City Praise and Prayer gathering for the first time in Coventry Cathedral in September. This saw over 750 fill the space for what was a significant and inspiring time. Another first was the launch of Regional City Praise and Prayer gatherings that saw ioo's of people come together in localised areas in the North East, South and West of the city. •Ji.pK 11 li lil Youth praise and prayer Youth City Praise and Prayer is a city wide initiative that brings togetheryoung people from churches all across Coventryto cor)nect, worship and pray. Youth City Praise and prayer launched in April 2024, with the first event being attended by over 350 young people and loo youth leaders. The second event, held in September 2024 saw over 400 young people in attendancel Youth City Praise and Prayer 15 a partnership between HOPE Coventry, Youth for Christ and local churches. Young people have always been at the forefront of the planningi decision making and organi5ation as well as visibly leading and sharing at the events. Youth City Praise and Prayer is an opportunity foryoung people to meet other young Christians from Coventryi connect and share their experience as well as encourage and pray for each other. Feedback from Youth City Praise and Prayer event5 in 2024 include: "It made mefeel safe" "Loved seeing peoplefrom different churches that are my age worshiping and celebrating Jesus. Itfeels me with confidence ondfaith knowing that l am not alone in mystruggles and achievementslll Page li of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry "It reminded me that I'm not alone in being a Chnstian and that others shore myfoith- '[1 like] The community and knowing that I m not alone" "Life changing- Leaders Gatherings HOPE Coventry is instrumental in connecting church leaders across Coventry. This enables them to encourage and support each otheri pray for one another and also considerjointly how churches can see and bless the city. Our leaders gathering in May 2024 was attended by over 80 people from local churches and organisations. This event had a focus on Mental Health and Wellbeing- considering how churchescan support both their congregations and communities across Coventry with the growing issue of poor mental health and emotional wellbeing. We were joined by a local GP with a 5pecialistfocus on mental health, local charities and organisations supporting people with their mental health and our own Good Neighbovrs team shared about the important men's work taking place. The leaders, gathering led to further conversations around supporting people's emotional wellbeing and the initial development of a specialist group of church leaders who would like to further consider how churches can be integral to addressing this issue in Coventry. Our second leaders gatheringi in October 20241 Served as our io year anniversary event, which was verywell attended and feedback from this was excellent (see above) Regional Leaders Prayer Gatherings Ourfive Regional Prayer gatheringsfor leaders have gone from strength to strength in 2024. We have seen between 10-15 leader5 gathering in each of the five hubs (North, South, East, West and Central) several times a year for connection, building relationships and prayer. Youth Leaders Gatherings We have been regularly gathering with youth leaders across Coventry, to share ideas and resources, encourage and support one another and explore how we can work together to develop city wide youth initiatives. Youth leaders have been incredibly grateful forthe timeto share together, and these gatherings have birthed both Youth City Praise and Prayer and a new initiative for 2025- Coventry Youth Conference. These large scale events are very beneficial to both young people and youth leaders in Coventry and are made possible through the connections made with otheryouth leaders at these gatherings. Sharing joy & Jesus With young people Page 12 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Hannah, Administrator, said: "Young people in Coventry have a real heart to shore Jesus Wlth theirfriendsl In June, HOPE Coventry and The Message brought the No More Knives tour to over 2,500 secondary schoolyoung people in Coventry. The tour is returning in March 2025, to share with more young people the dangers of knife crime, how theycan keep them5elve5 Safe, andpowerfulstorie5 ofhowjesus transform5 lives. A5 a result of thi5 year's Youth City Praise & Prayers, and bringing together Youth Leaders regularlyi we're mnning thefirst Coventry Youth Conference in February- No More Knives tour (NMKT) 25ooyoung people reached through 3 schools across Coventry schools through a partnership with the Message Trust. 98.82% of these young people agreed and strongly agreed that the session was useful. 99.01% of these young people agreed and strongly agreed thatthe session would help them to make the right choices. "One year 9 Student stood up and clopped through one of the songs with such joy and with no concems from theyeargroup wotching him. The teacher told Emmo that she wa5 $0 emotional watching him, a5 he is one of their refugees. "After one le550n, a boy came to Emma, grabbed her firmly by the hand ond without lettinggo, looked into her eyes repeatedly thanking her for the amazing lesson with such Sincerity. rhe head of year then explained that he s recently been in trouble with the police and is in the wrong crowd. She said She believed the NMKT lesson wos the moment he needed to move on and wa5 overjoyedl" Partnership working The trustees intend to continue HOPE Coventry's current activities whilst seeking further ways to achieve its aims and objectives. We have worked in partnership with the following: Over70 + Churches from all denominations in the city. Official Affiliates.. Feed The Hungry The Light House Christian Counselling Centre Radio Plus Page 13 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Embrace Street Pastors Other organi5ations we have worked with in 2024 include: Coventry City Council-Adult Social Care NHS- GP Surgeries and Adult Social Prescribers Together for Change Coventry and Warwickshire Voluntary Action Coventry MotoFest HOPE Together Eternal Wall of Answered Prayer The Message Trust Thrive Youth for Christ Grub Hubs Coventry Foodbank Grants and Funding forGood Neighbour5 The Good Neighbours Project has received significantfunding from Coventry City Council since 2016 a5 the main contributory funder, with other funds bein9 provided by Coventry Building Society, National Lottery (Awards for all), the Eveson Trust, West Midlands Police, 29th May 1961 Charitable Trust, NHSI ICB (Winter pressures fiJnd) Rethink Mental Health, and local churche5. Page 4 of30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Structure, Governance and Management th Hope Coventry became a registered charitable incorporated organisation on the 24 February 2014. th Priorto that date it had operated as an unincorporated voluntary body from 17 November 2013. The assets of this body were transferred to Hope Coventry on incorporation. Appointment for trustees Appointments are made following application, skills assessment and willingness to support the objectives of the charity and adherence tothe statement of faith. Newly appointed Trustees are provided with a copy of the governing document and the latest set of published accounts. Question5 regarding the charity'5activities, assets orfijnding can be asked at any time or at the next Trustees meeting. The trusteesare responsible forthe Strategic management of Hope Coventry, the management of it5 funds, the preparation and management of the budget and for advising and reporting on all Hope Coventry's operational activities. Only the trustees have the right to vote in the charity's decision- making process. Trustee remuneration No trustees received any remuneration from the charity (2023 £nil). Five of the trustees are leaders of churches which, together, have donated £141150 {2023 . £11,099) to the work of the charity. Volunteer5 The charity Is indebted to the many hundred5 of volunteers who ensure that the services provided by the charity enable it to continue to provide vital services to the City of Coventry. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular. those relating to operations and finances of the charity. They are satisfied that systems are in place to mitigate exposure to the major risk5. The Trustees have a risk management strategywhich comprises: i. An annual review of the principal risks and uncertainties the charity face5. 2. The establishment of policies, system and procedures to mitigate the risks identified in the annual review and 3. The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. Page 15 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Safeguarding Hope Coventry recognises the importance of safeguarding in its work with children, young people, and vulnerable adults. We follow the requirements of UK legislation in relation to vulnerable adults, children and young people, and the best practice standards advice of Thirtyone Eight, an established charity committed to assisting churches and Christian organisations Wlth safeguarding, with whom we have taken membership. All staff are all required to take safeguarding training on a regular basis. Fundraising Hope Coventry relies on the dedication of its stsff to raise funds. They adhere to strict guidelines, to ensurethatthe donor experience is a clear, fair, enjoyable and unobtrusive experience. Every possible measure is taken to ensure that personal data is stored correctly to comply with current legislation and, in so doing, has signed up to receive suppression underthe Fundraising Preference Service. Public benefit In shaping our objectives for the year and planning our activities the Trustees have considered the Charity Commi55ion guidance on public benefit including the guidance 'Public Benefit: Running a Charity {PB2) The Charity relies on donations and grants to provide services to it5 beneficiaries. Financial review During the period, Hope Coventry's income amounted to £2951050 (2023: £194,805). Expense5 amounted to £248,793 (2023: £2181399) giving rise to a surplus of £46,257 (2023 deficit £23,594). Reserves policy The trustees have a policy of not entering into financial commitments without knowing where the funding will come from. In view of that, the aim is to maintain cash reserves equivalent to at least three months expenditure of the general fvnd, or an estimate of the closure costs (staff redundancy etc.) of the charity, whichever is higher. Where staff are funded by a restricted fund a similar policy will be adopted for cash held in the restricted fund. At the 31 December 2024 the total funds available was £2291168 {2023 £182,911), of which £791792 (2023 . £57,967) was unrestricted and £1491376 {2023: £124,944) was restricted. Total funds equates to approximately li months of expenditure {2023 . 10 months). Closing Remarks from the Chair of Trustees It has been an excellent year for HOPE Coventry- we remain deeply grateful to all our dedicated staff who show such tireless passion, commitment and diligence and to all the hundreds of volunteers who make the work of the charity possible, including our board of Trustees. It 15 Wlth pride and gratitude that we celebrated our tenth anniversary as a charity and are confident that in the decade ahead we will build on the foundations and partnerships already in place to see increased beneficial transformation of lives in Coventry and beyond. Page 16 of 30
HOPE Coventry CIO Registered Charity No. 1155912 ot Coventry Trustees, Annual Report (continued) Statement of Trustee's Responsibilities The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Repvblic of Ireland" The 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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statement5, the trustees are required to select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP. make judgements and estimatesthat are reasonable and prudent; 4. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial staternents comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. The trustee's report was approved bythe Board of Trustees and signed on the Board's behalf by Esther Storey, Chair of Trustees. Date Page 17 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Independent Examiner's Report to the Trustees of Hope Coventry CIO I report on the accountsforthe yearended 315t December 2024 which are set out on pages 19 to 30. Respective responsibilities of the trustees and the examiner Thetrustees considerthat an audit is notrequired forthis year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 45 of the 2011 Act,. follow the procedures laid down in the General Directions given by the Charity Commi55ioner section 45 (5) (b) of the 2011 Act,. and state whether particular matters have come to my attention. Basis of Independent Examinerfs Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts, and seeking explanation5 from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Independent examiners statement In connection with my examination, no matters have come to my attention: (i) which give me reasonable cause to believe that in any material respectthe requirements to keep accounting records in accordance with section 130 of the 2011 Act. or to prepare accountswhich accordwith theaccovnting records and complywiththeaccounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Canon Gavin Kibble MBE, ACMA i Kineton Road, Coventry CV2 3NR 3rd April, 2025 Page 18 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Statement of Financial Activities (Incorporating an income and expenditure account) St Forthe year ending 31 December 2024 Unrestricte Restricted Funds Total Funds Total Funds Funds 2024 2024 2024 2023 Note Income from: Donations and Legacies Charitable Activities Income from investments Other income Total income 31,794 96,851 153,825 128,645 160,753 41014 861231 1071351 41014 4223 42,737 2521313 2951050 1941805 Expenditure Raising Funds Charitable Activities Support costs for charitable activities Other costs 4,515 192 4,707 954 45,641 667 53,822 192,568 238,209 51877 2481793 2111590 Total expenditure 1941970 2181399 Excess of income over expenditure (11,085) 57,342 461257 (231594) Transfer between funds 321910 Net movement in funds 21,825 24,432 46,257 {231594) Total fund brought forward 16 571967 1241944 182,911 2061505 Total funds carried foMard 14 22 168 182 li The statement of financial activities includes all gains and losses recognised during the year. All income and expenditure derive from continving activities. Page 19 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Balance Sheet As at 31 December 2024 Note 2024 2024 2023 2023 Fixed Assets Tangible Fixed Assets li 396 Current Assets Cash at bank and in hand 226,271 6,697 175,381 9,658 Debtors 12 Total Current Assets 2321968 1851039 Current Liabilities falling due <1 year <31799) (2,524) Net Current Assets 229 168 182.515 Net Assets 22 182•911 Funds Unrestricted Funds Restricted Funds 16 79,792 1491376 57,967 1241944 Total Funds 2291168 1821911 The financial statements were approved and authorised for issue by the trustees on . . 2025 Esther 5toreyi Chair of Trustees Page 20 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements forthe Year Ended 31 December 2024 Statutory Information Hope Coventry is a charitable incorporated organisation registered in England and Wales. The charity's registered number and registered office address can be found on Page 3. 2: Accounting Policies Basis of preparing the financial statement5 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 charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective i January 2019),, Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. The financial statements have been prepared underthe historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless Otherwise stated. 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. Page 21 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements - continued forthe Year Ended 31 December 2024 Accounting Policies continued Government Grants Government grants received are recognised at the point of receipt. Government grants are shown separately. 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 consistentwith 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.. Computers 20 Taxation The charity is exempt from corporation tax on its charitable activities. Expenses are inclusive of VAT where applicable. Fund accounting Unrestricted funds can be used in accordance with the charitable objective5 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 fiJnds are raised for particular restricted purposes. Fvrther explanation of the nature and purpose of each fvnd is included in the notes to the fsnancial statements. Page 22 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued for the Year Ended 31 December 2024 2: Accounting Policies continued Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange difference5 are taken into account in arriving at the operating result. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure and consider this sufPicient with the level of reserves for the charity to be able to continue as a going concern. Debtors and creditors receivablelpayable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Cash and cash equivalents Cash and cash equivalents comprise cash in hand and cash on deposit. Page 23 of 30
HOPE Coventry CIO Registered Charity No. 1155912 tlloiia Coventry Notes to the Financial Statements - continued forthe Year Ended 31 December 2024 Unrestricted Funds Restricted Funds Totsl Funds Total Funds 2024 2024 2024 2023 3 Donations and Legacies Donations and gifts Tax recovered on giving 29,725 92,224 4,627 121,948 6,697 128,645 81,299 41932 86.231 2,070 31.794 Unrestricted Restricted Total Total Fund5 Funds Funds Funds 2024 2024 2024 2023 4 Income from Charitable Activities Grants: Provision of Aid Local Government Grants . Provision of Aid 5,428 59,328 64,756 12,854 11500 94,497 153,825 95,997 1601753 94,497 1071351 Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 5 Income from Investments Bank Interest 41014 4,014 Unrestricted Funds Restricted Funds Total Funds Total Fund5 2024 2024 2024 2023 6 Other Income Other Income 1,637 1,637 Unrestricted Funds Restricted Funds Total Total Funds Fund5 2024 2024 2024 2023 7 Raising Funds Fundraising publicity Fundraising consultancy 235 192 427 954 4151 41707 954 Page 24 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 Unrestricted Funds Restricted Funds Total Total Funds Funds 2024 2024 2024 2023 8 Expenditure on Charitable Activities Salary Costs Depreciation and impairment CAP Fees Consultancy Fees Printing, postage and stationery Telephone and computer charges Ministry expenses Insurance 32,434 396 162,686 195,120 396 6,000 170,806 99 7,200 1,126 1,900 6,000 360 742 642 894 6,746 1,444 1,804 1,315 2,323 882 223 865 1,229 8,900 204 958 3,898 561 335 992 Rent and rates Repairs and maintenance Debt repayments Room and equipment hire Small value equipment Refreshment5 2,153 91275 813 4,744 51558 204 958 31638 204 260 357 953 994 3,136 1,641 3,769 21750 Celebration 1,356 Conferences Travelling and subsistence Donations 1,500 31141 3,769 2,750 2,358 741 Sundry Expenses 307 451641 1,120 11427 1,417 2111590 Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2024 2024 2023 9 Other Costs Legal and professional fees Accountancy and bookkeeping Bank charges 2,178 2,178 3,570 1,598 31570 96 33 129 ,66 2,211 Page 25 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 2024 2023 io Staff Costs Salary Employers Nl Employers Pension Total Staff Costs 187,060 4,078 3,982 1951120 159,995 7,375 3,436 170,806 The average rnonthly numberof employee5 during the yearwere: 2024 2023 16 No employees received emoluments in excess of £60,000 11 Tangible Fixed Assets Computers Total C05t As at 1st January 2024 Additions Disposals As at 31st December 2024 1,509 1,509 4509 1,509 Depreciation As at 1st January 2024 Charge forthe year Impairment As at 31st December 2024 4113 4113 79 79 317 1,509 509 Net Book Value As at 1st January 2024 As at 31st December 2024 396 396 Page 26 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued for the Year Ended 31 December 2024 2024 2023 12 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 41725 2024 2023 13 Creditor5 Amountsfalling due within one year.. Trade creditors Social security and othertaxes Other Creditors Accruals and deferred income 275 2,186 883 730 2,226 21524 3179 14 Trustees. Remuneration and Benefits No trustee received any remuneration or benefit from the charity. No trustee was reimbursed expenses from the charty. 15 Related Party Disclosures No trustees received any remuneration from the charty (2023 . £nil). Five of the trustee5 are leader5 of churche5 which, together, have donated £141150 (2023 . £11,099) to the work of the charity. Page 27 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued for the Year Ended 31 December 2024 16 Movement of Funds Balance as at 002024 Balance as at 3fj1212024 Income Expenditure Transfers Restrirted Funds Christians Against Poverty City Praise and Prayer Good Neighbours Healing on the Streets Hope into Work Motofest Open Heaven Coventry Prayer House Totsl Restricted Funds Unrestrirted Fund5 Total Fvnds 30,195 4,076 87.918 79,416 1,177 165,013 500 (43,833) (3,136) (140,201) (200) (4,512) (74) (27,785) 171 (746) 369 61,265 21043 84,944 856 746 786 450 210 703 (1,858} (204) (5,539) (1941970) (531842) (248,813) 246 20 51504 (155) {321910) 321910 1241944 571967 1821911 2521313 42,737 2951050 1491376 791772 2291148 Balance as at 002023 Balance as at 31212023 Income Expenditure Transfers Restrirted Funds Christians Against Poverty City Praise and Prayer Good Neighbours Healing on the Streets Hope into Work Motofest Open Heaven Coventry Prayer House Total Restricted Funds Unrestricted Funds Total Funds 29,771 701 44,918 51478 115.648 201 (39,931) (2,103) {125,486) (200) (4rt563) 30,195 4,076 87.918 1251143 (27,387) (7) (130) 876 786 450 1,899 1601195 46 io 746 786 450 210 3,886 170,131 ,44 (1731165) (45,234) (2181399) (130) (32,217) 32,217 1241944 571967 1821911 Page 28 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued for the Year Ended 31 December 2024 16: Movement of Funds (cont.) Description of Funds Christians Against Poverty- Debt counselling service City Praise and Prayer- Twice yearly gathering of the churches in Coventry Good Neighbours . A befriending and support service for vulnerable isolated older people in Coventry Healing on the Streets . Prayer ministry in Coventry crty centre Hope into Work .. Backto work support. Motofest . Svpport for the Coventry Motofest event. Open Heaven .. Funds remaining from praying every street in Coventry Coventry Prayer Hovse .. Prayer house based in the city centre Unrestricted Restricted Funds Funds Total Total Funds Funds 2024 2024 2024 2023 17 Analysis of Net Assets between Funds Fund balances at 31st December are represented by: Tangible Assets Current Assetsl{Liabilities) 396 182,515 1821911 79,792 149,376 1491376 229,168 22 168 7917 Page 29 of 30
HOPE Coventry CIO Registered Charity No. 1155912 Coventry Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 18 . Statement of Financial Activities (Prior Year) (Incorporatin9 an income and expenditure account) For the year ending 31 December 2023 Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2023 2023 2022 Income from: Donations and Legacies Charitable Activities Income from investments Other income Total income 23.451 62,780 107,351 86,231 107,351 1,223 110,433 141,066 2,253 1,223 241674 1941805 2531752 Expenditure Raising Funds Charitable Activities Support costs for charitable activities Other Total expenditvre 208 746 954 75 40,472 4,554 451234 171,118 11301 1731165 211,590 5,855 2181399 240,946 5,189 246,210 Excess of income over expenditure (31034) (231594) 71542 Transfer between funds 32,217 (32,217) Net movement in fvnds 11,657 (351251) (231594) 71542 Total fund brought forward 160,195 Total fvnds carried forward 571967 1241944 1821911 Page 30 of 30