“ Hope Restored” Charity- Trustees report 2022/2023
At the beginning of the year, saw a need to formulate and set in place several policies to enable the Charity to claim grants. With the support of CVSC, this work is ongoing.
On operations. we continue to support a high number of those in need, around the Llandudno area. During 2022/2023 we employed one full-time member of staff. We have four volunteers, and five trustees.
Donations of food for the foodbank continue to be very generous during the year, at the various food donation collection points throughout the town. We are very grateful to the Llandudno Rotary Club, that has set up and serviced several food donation points around the town for the Charity. Llandudno Rotary Club has also given the Charity weekly donations of food items, funded in part from donations from a Rotary Club in Texas.
Our work at the food bank is made possible by the generosity of donors, personal, charitable and from local businesses. We are grateful for the support we receive both in financial and food donations.
It is difficult to see if there will be a reduction in demand next year. Inflation may be easing, but that is of scant consolation to those on low incomes, particularly as the evidence suggests that food inflation is proving more difficult to reduce.
With a changing landscape in terms of 2023 Charity Commission guidance on fiduciary duty placed on Trustees, the charity has been presented with the a challenge of reviewing policies and practices. From communication with the accountant signing off these financials in this annual report, there is a need that changes will be required to meet the fiduciary requirements set by the Charity Commission. In this there will need to be changes to financial structure and interface with the accountant. These will be implemented before the end of the next reporting year.
Finally, myself as Chair and the Trustees acknowledge and very much thank Brenda Fogg and volunteers, who collectively have continued (with the support of Trustees of Hope Restored), to deliver the services to those in need provided by our Charity, in difficult times.
Mary Oliver Chair of Trustees Hope Restored
## **Hope Restored Profit and Loss Account For the Year to the 30th September 2023**
|**INCOME**
Conwy Council
Donations Received
**FOOD PURCHASES**
**HOTEL ACCOMODATION**
**EXPENDITURE**
**Employee Costs**
Wages
Volunteer Expenses
**Premises Costs**
Heat & Light
Rent, Rates & Water
Waste & Pest
Cleaning
Premises Expenses
**Repairs**
Repairs & renewals
**General Administration Costs**
Telephone
Mobile Telephone
Print Postage & Stationery
Website / IT
Business Insurance
**Motor Expenses**
Fuel & Oil
Motor Repairs
Tax, MOT & Insurance
Motor Sundries
**Travel & Subsistence**
Travel Costs
**Advertising & Promotion**
Advertising
Donations
**Legal & Professional Costs**
Accountancy
**Other Finance Charges**
Card Charges
Bank charges
**Other Expenses**
Kitchen Equipment
Subscriptions
Clothing
Cheques Written
Sundries
**NET PROFIT**|£25,000
£42,562
**£67,562**
**£10,847**
**£3,007**
£14,495
£140
£14,635
£0
£12,500
£1,128
£0
£0
£13,628
£0
£0
£311
£317
£882
£60
£248
£1,818
£3,451
£20
£189
£40
£3,700
£0
£0
£110
£0
£110
£1,593
£1,593
£0
£159
£159
£0
£0
£496
£0
£921
£1,417
**2023**|**£37,060**
**£16,648**|£0
£38,669
**£38,669**
**£12,415**
**£0**
£8,412
£646
£9,058
£0
£10,100
£60
£934
£1,292
£12,386
£5,334
£5,334
£152
£291
£106
£0
£787
£1,336
£2,369
£291
£559
£0
£3,219
£86
£86
£160
£100
£260
£1,337
£1,337
£0
£1,889
£1,889
£1,639
£1,020
£0
£1,665
£0
£4,324
**2022**|**£39,229**
**(£12,975)**|
|---|---|---|---|---|
## **Hope Restored Balance Sheet**
## **As At The 30th September 2023**
|**FIXED ASSETS**
Equipment
Additions
Disposals
Loss on Disposal
**CURRENT ASSETS**
Bank Account
No2 Bank Account
Cash On Hand
Wages Prepaid
**CURRENT LIABILITIES**
Taxes Due
**NET CURRENT ASSETS (LIABILITIES)**
**NET TOTAL ASSETS (LIABILITIES)**
**FINANCED BY**
Retained Reserves
Profit (Loss)|£0
£0
£0
£0
£0
£46,735
£0
£0
£1,244
**£47,979**
£691
**£691**
£30,640
£16,648
**2023**|**£0**
**£47,288**
**£47,288**
**£47,288**|£0
£0
£0
£0
£0
£25,198
£5,530
£279
£0
**£31,007**
£367
**£367**
£41,950
(£12,975)
**2022**|**£0**
**£30,640**
**£30,640**
**£28,975**|
|---|---|---|---|---|
CHARITY COMMISSION
FOR ENGLAND ANO WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trustees
Hope Restored
On accounts for the year
ended
30" September 2023
Charity no
(if any)
1161114
Set out on pages
I report to the trustees on my examination of the accounts of the above
harity {'the Trust") for the year ended 30J0912023.
Responsibilities and
basis of report
As the charFty's trustees, 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 seclion 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(51{b} of the Ad.
Independent I have completed my examination. I confim that no material matters have
examiner's statement come to my attention in connection with the examination (other Ihan that
disGlosed below ') which gives me cause to believe that in, any material
respect..
the accounting records were not kept in accordance with section 130
of the Charities Act,. or
the accounts did not accord with the accounting records., or
the accounts did not comply with Ihe applicable requirements
conceming 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 concems 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 ofthe accounts to be reached.
Please delete the words in th8 brackets rfthey do not apply.
Signed:
Date:
2410612024
Name:
Andrew Morris
Relevant professional
qualification(s) or body
{if anyl:
Address:
Abacus Accountants, 9 Ruthin Road, Denbigh, LL16 3EH
IER
Oct 2018
Section B
Disclosure
Only complete if the examiner needs lo highlight material matters of Goncern
(see CC32, Independent examination of ¢harily acGounts'. directions and
guidants for examiners).
Give here brief details of
any items that the
examinerwishes to
disclose.
IER
Oct 2018