Hope Restored annual report for year ending 3010912024
The most difficult part of our year was finding new premises both for our
Fc1 Bank and our Homdess DrotFin. We found a new FM)me for our fLKJd banl
but we are looking for larger premises for our drop-in, the current premises
are not large enough. The CDSt of moving premises and temtK)rary storage
charges dented our resources for a short while.
Our f(x)d Bank experienced the heavy demand due to the ever increases
in the cost of living. We have again [en well supp)rted by the local community
donatirMJ food, toiletsies, baby requisites, etc.
During the year we replaced our Chair and appoint two new trust, the two
new trustees have tken volunte5 at our chaiity for a number of years
Our new foc(I bank prerni that we moved into are very large at it continued
It continued to thrive with hundreds of bags of food going out every month.
Our aim for 2024125 is to find a more suitable premises for our Homeless and
Elderly DrotFin.
Brenda F(JJg B.E.M
Administrator
**Company Registration No. CE003821 (England and Wales)**
**HOPE RESTORED ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **HOPE RESTORED ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS**
||**Page**|
|---|---|
|Company information|3|
|Directors' report|4|
|Income statement|5|
|Statement of financial position|6|
|Notes to the accounts|7|
|Detailed profit and loss account|9|
- 2 -
**HOPE RESTORED COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **Directors**
## **Company Number**
**Registered Office**
## **Accountants**
Mr Harvey Fogg Dennis Sinnot Steven Bate Victoria Hewitt Robert Nothard
CE003821 (England and Wales)
2 Bryn y Bia Heights Bryn y Bia Road Llandudno Conwy LL30 3BF Wales Abacus Accountants 9 Ruthin Road Denbigh Denbighshire LL16 3EH
- 3 -
## **HOPE RESTORED (COMPANY NO: CE003821 ENGLAND AND WALES) DIRECTORS' REPORT**
The directors present their report and accounts for the year ended 30 September 2024.
## **Directors**
The following directors held office during the whole of the period:
Mr Harvey Fogg Dennis Sinnot Steven Bate Victoria Hewitt Robert Nothard
## **Statement of directors' responsibilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Mr Harvey Fogg Director
Approved by the board on: 18 March 2025
- 4 -
## **HOPE RESTORED INCOME STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit for the financial year**|**2024**
**£**
49,072
(11,190)
37,882
(32,820)
5,062
5,062
-
5,062|**2023**
**£**
67,562
(13,854)|
|---|---|---|
|||53,708
(37,060)|
|||16,648|
|||16,648
-|
|||16,648|
- 5 -
## **HOPE RESTORED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Creditors: amounts falling due within one year**
6
**Net current assets**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2024**
**£**
2,992
-
61,635
61,635
-
61,635
64,627
64,627
64,627|**2023**
**£**
-
1,244
59,012|
|---|---|---|
|||60,256
(691)|
|||59,565|
|||59,565|
|||59,565|
|||59,565|
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Mr Harvey Fogg Director
Company Registration No. CE003821
- 6 -
**HOPE RESTORED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **1 Statutory information**
Hope Restored is a private company, limited by shares, registered in England and Wales, registration number CE003821. The registered office is 2 Bryn y Bia Heights, Bryn y Bia Road, Llandudno, Conwy, LL30 3BF, Wales.
## **2 Compliance with accounting standards**
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
## **3 Accounting policies**
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## _**Presentation currency**_
The accounts are presented in £ sterling.
## _**Tangible fixed assets and depreciation**_
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
|**4**
**Tangible fixed assets**
**Cost or valuation**
At 1 October 2023
Additions
At 30 September 2024
**Depreciation**
Charge for the year
At 30 September 2024
**Net book value**
At 30 September 2024
**5**
**Debtors**
**Amounts falling due after more than one year**
Other debtors
**6**
**Creditors: amounts falling due within one year**
Taxes and social security|**Motor**
**vehicles**
**£**
At cost
-
1,585
1,585
285
285
1,300|**Fixtures &**
**fittings**
**£**
At cost
-
1,800
1,800
108
108
1,692
**2024**
**£**
-
**2024**
**£**
-|**Total**
**£**
-
3,385|
|---|---|---|---|
||||3,385|
||||393|
||||393|
||||2,992|
||||**2023**
**£**
1,244|
||||**2023**
**£**
691|
- 7 -
**HOPE RESTORED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **7 Average number of employees**
During the year the average number of employees was 1 (2023: 1).
- 8 -
## **HOPE RESTORED DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
This schedule does not form part of the statutory accounts.
|**Turnover**
Sales
**Cost of sales**
Purchases
**Gross profit**
**Administrative expenses**
Wages and salaries
Travel and subsistence
Motor expenses
Rent
Rates
Light and heat
Cleaning
Telephone and fax
Internet
Stationery and printing
Bank charges
Insurance
Repairs and maintenance
Depreciation
Sundry expenses
Accountancy fees
Advertising and PR
Other legal and professional
**Operating profit**
**Profit on ordinary activities before taxation**|**2024**
**£**
49,072
11,190
37,882
11,022
996
3,215
9,300
706
234
97
626
247
201
103
-
1,868
393
289
1,810
200
1,513
32,820
5,062
5,062|**2023**
**£**
67,562|
|---|---|---|
|||13,854|
|||53,708|
|||14,635
-
3,700
12,500
-
-
1,128
628
60
882
159
248
-
-
1,417
1,593
110
-|
|||37,060|
|||16,648|
|||16,648|
- 9 -
## Accountants Report
Hope Restored
Charity Number : 1161114
Dated 29[th] May 2025
FAO The Trustees
In our opinion the attached financial statements give a true and fair view, in accordance with UK Generally Accepted Accounting Practice, of the state of the Charity’s affairs as at the 30[th] September 2023.
Kind Regards
Andrew Morris Abacus Accountants