## **Hope three16 Ltd**
(A company limited by guarantee)
## **Report and Financial Statements Year Ended 30 June 2023**
**Charity number 1162789 Company number 9104333**
## **Hope three16 Ltd**
A company limited by guarantee
## **Report and Financial Statements**
Year Ended 30 June 2023
Charity number 1162789 Company number 9104333
## **Contents:**
Reference and Administrative D **e** tails Structure, Governance and Man **a** gement Objectives and activities
Achievements and Performance Financial Review
Plans for Future Periods
Statement of Trustees/Directors Responsibilities
Independent Examiners report
Statement of Financial activities
Balance Sheet
Notes to the Financial Statemen **t** s Detailed Statement of Financial **A** ctivities
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
1
## **Hope three 16 Ltd Trustees Report for the year ended 30 June 2023**
The Trustees presents its report an **d** financial statements for the year ended 30 Jun **e** 2023.
|**Reference and Administrative**|**Deta**
**ils**|
|---|---|
|Charity Name:|Ho**p**
e three 16 Ltd|
|Charity registration number:|11**6**
2789|
|Company registration number:|91**0**
4333|
|Registered Office:|Off**i**
ce 11 Jindal House|
||35**P**
rogress Road|
||Lei**g**
h-on-Sea|
||Ess**e**
x|
||SS**9**
5PR|
|Operational addresses:|Ple**a**
sant Road (x 2)|
||So**u**
thend-on-Sea|
||Ess**e**
x, SS1|
||Bu**r**
dett Avenue|
||W**e**
scliff-on-Sea|
||Ess**e**
x, SS0|
||Ha**r**
tington Road|
||So**u**
thend-on-Sea|
||Ess**e**
x SS1|
||Dis**t**
ribution unit|
||Hig
h Street|
||Bill**e**
ricay|
||CM
12|
|**Directors / Trustees:**|Mr
B Goddard (Chair)|
||Mr
J Hailes|
||Mr
D Webster|
||Mr
P Norton|
|**Accountant:**|Est**u**
ary Accountancy Services, 42 North Street, Gre**a**
t Wakering, Southend-|
||on-**S**
ea, Essex SS3 0EL|
|**Bank:**|Me**t**
ro Bank, G19-21 Victoria Business Centre, Lond**o**
n Road, Southend-on-|
||sea**,**
SS1 2NG|
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
2
## **Structure Governance and Management**
The organisation is a charitable co **m** pany limited by guarantee, incorporated on 26/ **0** 6/2014 and registered as a charity on 23/07/2015. The co **m** pany was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed und **e** r its Articles of Association and Memorandum of A **s** sociation.
There are four Directors and in the **e** vent of the company being wound up Directors are required to contribute an amount not exceedin **g** £10. Trustees are appointed by existing Direct **o** rs / Trustees. The Directors of the company are also t **h** e Trustees of the charity and between themsel **v** es discharge the dayto-day operational responsibilities.
All Directors / Trustees, employees and volunteers are required to hold a current (i **d** eally within 3 years) Enhanced DBS certificate. We are a member of thirtyone:eight (formerly CCPAS) an **d** use their Disclosure Service for DBS checks, we have ad **o** pted their model safeguarding policy and their **J** ob/Volunteer application and disclosure forms and use the thirtyone:eight (formerly CCPAS) safe **g** uarding vulnerable adults training for induction and training of employees and volunteers along with o **t** her training providers.
## **Objectives and activities**
The charities objectives as set out i **n** the companies Memorandum of Association are: The relief of poverty, hardship and distress of those who are in conditions of need, homeless or who are **a** t risk of being homeless, hardship, social exclusio **n** , sickness or substance abuse, and to relieve th **e** distress caused by these conditions while promoting and facilitating integration into society in Southe **n** d-on-Sea, Essex and surrounding areas as the directors **m** ay from time to time see fit.
The charity provides high standard, safe, secure, alcohol and drug free accommoda **t** ion, in the form of a shared house to male adults who a **r** e homeless or at risk of becoming homeless, un **a** ble to find their own accommodation and who require e **v** eryday help and support to cope with the normal expectations of everyday life.
We provide targeted support to ea **c** h individual, including development of basic life skills, assistance with employability skills and job seeking activities. The aim is to facilitate & motivate the **m** over time to achieve their desired lifestyle changes and for them to become employable, manage their o **w** n finances, housing and other needs and to move on to live independent lives in their own social or private sector housing.
Benefits are specifically to member **s** of the general public who are vulnerable adult **s** with dysfunctional lifestyles due to substance misuse **a** nd/or other factors such as mental health issue **s** and/or prolonged use of prescription medicines. These fa **c** tors affect their employability and their ability t **o** perform everyday tasks which can lead to poverty, ho **m** elessness or risk of becoming homeless, social exclusion and inability to be a contributory part of the loc **a** l community.
The wider public benefit indirectly **t** hrough reduced homelessness in the local com **m** unity.
We review our aims and objectives with the view to ensuring that current activities and future plans continue to support these. We hav **e** referred to the guidance contained in the Chari **t** y Commission’s general guidance on public benefit **w** hen reviewing our aims and objectives and in **p** lanning our future activities. In particular, the trustees consider how planned activities will contribute **t** o the aims and objectives they have set.
Homelessness in Southend-on-Sea **c** ontinues to be a situation where demand for services exceeds supply. Our resources are focussed on adul **t** males in need of accommodation and addition **a** l support services to meet the needs of everyday life, e **m** ployability, and re-integration into society.
Referrals are made from various homeless charities and projects within the local ar **e** a and from other organisations such as DWP Job Cen **t** re Plus and Probation Services together with ch **a** rities that work with and provide services for the homel **e** ss community in Southend-on-Sea and surroun **d** ing areas.
Following referral, a comprehensiv **e** application form is completed by the applicant **f** ollowed up with an interview to confirm the individual’ **s** status as homeless or at risk of becoming hom **e** less and in need of
Hope three16 Ltd
3
Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
additional support due to substanc **e** misuse, mental health or other factors that lea **d** to social exclusion, and suitability for living in a shared house with others.
## **Achievements and Performance**
Hope three16 Ltd began as a charit **a** ble company in October 2014 by renting one t **w** o storey house and using it for shared accommodation **f** or four (4) adult males who were either street **h** omeless and/or needing additional support and unable to continue with their existing accommodation arrangements.
In March 2015 we expanded our se **r** vices by adding a second rented two storey house which enabled us to accommodate a further four (4) ad **u** lt males, again all who were street homeless, n **e** eding accommodation and additional help due to various **d** ifficulties.
Each rented house is configured as **a** House of Multiple Occupancy (HMO) and mee **t** s the appropriate standards and regulations. Each ho **u** se provides a shared kitchen, shared bathroom / shower facilities on each floor, a shared area in which t **o** eat and a shared lounge style area for relaxing and watching TV together with Internet access and c **o** mputer facilities for help with job searching, improving IT skills and general computer/internet use. Th **e** additional support for the individuals we house is required due to prolonged alcohol or substance misuse, prolonged use/abuse of prescription medicines or a combination of these together with mental health issues. This expansion of our services brought th **e** total number of people we were supporting to eigh **t** (8). Hope three16 registered as a charity on 23 **/** 07/2015.
In April 2016 the second house was reconfigured to enable a total of nine (9) adult **m** ales to be accommodated while maintaining **a** ll the shared areas including those for relaxatio **n** and computer use. In October 2016 we further expanded our services by adding a third rented two store **y** semi-detached house which enabled us to accommodate a further four (4) adult males who were at the ti **m** e street homeless and this brought our total number of p **e** ople we were supporting to thirteen (13)
All of the people accommodated w **e** re referred to Hope three16 either by DWP Job Centre Plus, Essex Probation Services Southend Store **h** ouse or other agencies and charities within the **a** rea all of which work to alleviate homelessness and its resulting issues in Southend-on-sea.
During May 2017 a decision was m **a** de to expand our services by reconfiguration of the first house which increased the total number of roo **m** s available to a maximum of fourteen (14). This **w** as followed in October 2017 with a further expansion of o **u** r services by the addition of a 4[th] rented house (HMO) bringing the total number of people supported to eig **h** teen (18).
During September 2017 a worksho **p** unit was rented in Southend-on-Sea to provide volunteering opportunities for the residents and was subsequently moved to a new larger premi **s** es in Billericay from where we provide food distribution to various charities in the South Essex area.
In November 2017 due to building **s** ale the registered office for Hope three16 was **m** oved to Office 11, Jindal House, 35 Progress Road, Lei **g** h-on-Sea, SS9 5PR and all relevant parties were notified of the new address.
A review of our Housing costs was **s** ubmitted to SBC Benefit Team increasing the w **e** ekly rate received for each resident which was accepted **a** nd the new rates were paid from 18[th] October 2021 to offset increased running costs and is the first increa **s** e in charges for our services to SBC since we be **g** an in 2014
In January 2022 a new Director/Tru **s** tee was appointed as previously agreed by the **e** xisting Trustees/Directors at the AGM me **e** ting held on 6[th] October 2021
In May 2022, due to the sale of one of our rented premises we moved all the reside **n** ts to a newly rented property in Hartington Road, closer to our other two locations in Southend.
During this reporting period Hope t **h** ree16 has focussed its work on accommodatin **g** and supporting a total of 23 individuals, all with a variety **o** f alcohol, drug, mental health issues with some **h** aving previously experienced prison.
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
4
There is currently no minimum or **m** aximum length of stay for residents of Hope thr **e** e16 as everyone’s background and circumstances are **d** ifferent and consequently the time taken to m **o** tivate and facilitate change in attitudes and behaviours are also different.
During this period three (3) people **m** oved on from Hope three16 accommodation. **S** adly, during this period two (2) residents have died, one following cancer treatment and the other of natur **a** l causes..
For some a relatively short stay is r **e** quired to enable them to gain the space and distance from unhelpful influences and access the support t **o** reduce or stop using alcohol or drugs for a period enabling them to reengage with family members, resta **r** t their employment and reintegrate back into t **h** eir family and society in general. A small number find the process of change too difficult at the time and return to ot **h** er accommodation, rehab facilities, family members or **u** nfortunately end back in homelessness.
Taking into account the above the resulting room occupancy rate has been maintai **n** ed at 92% across the full year, above the 80% target use **d** in the original business proposal.
The ages of the adult males suppor **t** ed during this period range from 23 to 65 years, the average being 44 years of age.
The individual support provided to **t** he residents includes provision of Individual Co **u** nselling using an accredited counsellor, obtaining re **p** lacement ID, help with benefit claims and budg **e** ting skills, ensuring each resident is registered with loc **a** l Medical & Dental surgeries and assistance wit **h** appointments at Job Centre (DWP), GP, Dentists, Hospit **a** l, and engagement with Drug & Alcohol agencie **s** (STARS) as required together with support and help for **s** etting and achieving personal goals for each in **d** ividual.
We also facilitate and help with att **e** ndance at Adult Education College as appropria **t** e for the individual’s need. This has been particularly helpful for our residents who have difficulty with reading and writing or where English is their second langu **a** ge, to assist in social inclusion and engagement with agencies such as DWP and Local Council.
During this period the ambient foo **d** collected & distributed by Hope three16 to our own houses/residents has continued but also to a growin **g** number of other local charities working with th **e** homeless (8 charities) or supporting other vulnerable peo **p** le (5 charities) and the growing number of local food banks (5). The number of organisations in the Sou **t** h Essex area continues to increase and collectiv **e** ly have benefited from this activity through the distributio **n** of over 5000 boxes of food items throughout t **h** e year.
During this period, we have taken on one person as a part time contractor to apply **f** or Grant Funding to support the work of Hope three16 **a** nd we have partnered with Billericay & Basildo **n** Street Pastors charity to open and run a Community Supermarket in Laindon Essex with initial funding fro **m** Essex County Council There have been 6 volunteers helpi **n** g with the food collection & distribution projec **t** at the Billericay site during this period.
Our support has provided increase **d** personal stability for each resident and for sev **e** ral of them this has enabled them to reconnect with fa **m** ily members including their own children who **t** hey had been out of contact with for many years. It has **a** lso provided a degree of personal development that has increased their hopes for future employment opportunities.
The support we provide has the go **a** ls of empowering positive lifestyle choices, incr **e** asing self-esteem, sense of personal identity and valu **e** and helping to rebuild positive relationships w **h** ich provide day to day encouragements towards change.
We provide residents with opportu **n** ities for personal responsibility, such as cleanli **n** ess & tidiness of their own room, and collective responsibility for the common areas of the house and the outside areas.
There have been no serious inciden **t** s during the reporting period. Hope three16 does not make grant **s** and has not made any investments.
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
5
## **Financial Review**
The financial landscape continues t **o** be challenging with increased day to day runni **n** g costs together with the increasing fuel costs which affe **c** t our day to day and food collection & delivery **p** roject costs. In this period we have incurred a s **m** all operational loss of just over £2000, covered by our reserves and a small income from our first enterpr **i** se.
With careful cost management and by entering this period in a strong financial posi **t** ion we have, at the end of this period, finished with a healt **h** y end of year balance. This gives the charity a p **o** sitive financial position to start the coming year, continue **w** ith providing support to our residents and to i **m** plement our future plans.
The charity’s primary income is fro **m** Southend Borough Council through Housing B **e** nefit payments for the individuals accommodated and sup **p** orted by us these were increased for the first time in October 2021.
An online account provided by “Ste **w** ardship” was set up through which private indi **v** iduals can make voluntary donations/gifts to Hope t **h** ree16 and include gift aid with the donation, a **d** ministrated by Stewardship, if HMRC conditions ar **e** met.
The majority of all expenditure is directed at supporting our objectives with the Co **m** pany / Charity running costs including insurances, professi **o** nal services and registered office costs of around 5% of total expenditure.
Pay costs are for the three House **M** anagers responsibilities include ensuring the ho **u** ses are a safe and secure environment, encourage individuals to play their part in keeping the houses **c** lean and tidy, provide day to day support and to help wit **h** benefit claims. A part time Finance Manager w **a** s employed to manage the day-to-day financial activities o **f** the charity taking over from one of the trustee **s** . A Maintenance, Electrician and IT person is also em **p** loyed alongside to assist the House Managers **m** aintain everything in working order.
One Director / Trustee is remunera **t** ed in accordance with the Governing document **.** Additional members of staff assist with general running an **d** upkeep of the houses and co-ordination of sup **p** ort activities. The other three Directors / Trustee **s** provide their time and expertise in a voluntary capacity.
Apart from the goal of retaining a practical amount in reserves each year the majori **t** y of the charity’s funds are spent on day to day running co **s** ts so there are no funds at present for long ter **m** investment.
Hope three16 has based its Reserv **e** s policy and target level of reserves on:
- Forecast levels of income considering the reliability of that income stream (expr **e** ssed in % occupancy rates)
- Forecast monthly expenditure f **o** r current and future planned activity.
- An assessment of risk that reser **v** es will be required to make up a shortfall of inc **o** me or to be used to bridge a shortfall during higher- **t** han-normal expenditure, such as when expandi **n** g services and/or to open an additional house.
Two types of reserves have been c **o** nsidered as follows:
1. Running Reserves – monies set **a** side for ongoing running costs. 2. Project Reserves – monies set a **s** ide for specific projects and/or emergencies.
For 2022/23 our Running Reserves **p** olicy target is 10% of annual income which will **c** over 1 full month running costs in the event of a signi **f** icant fall in income which is reviewed and revis **e** d every year.
For 2022/23 the Project Reserves p **o** licy is set to £6000.00
Our reserves for 2022/23 did not meet the target in this year. Our strategy is to build reserves thr **o** ugh planned operational surpluses however wi **t** h increasing costs it is not expected that we will reach ou **r** target within the next two to three years and w **e** have considered what expenditure could be reduced or st **o** pped, together with what additional income so **u** rces could be found should such circumstances arise.
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
6
## **Plans for Future Periods**
Future plans include the filling of a **n** y vacant rooms and maintaining occupancy rates.
We are also looking at opportunitie **s** for increasing our additional income streams f **r** om external Grant Fund bidding with a view to consolidate **o** ur services and increase the size of the team w **o** rking with Hope three16.
We are planning to reconfigure on **e** of the houses and increase the number of roo **m** s available to a total of 20 across all 4 houses and also look at other opportunities to increase this provision by working with other trusted partners in Southend-on-Sea.
We are looking to increase the nu **m** ber of volunteers together with increasing the number of Directors/Trustees to spread the w **o** rkload across the team.
Consideration will be given to the option of becoming a CIO
Consideration of the possible expa **n** sion into providing services in adjoining Boroug **h** s in Essex where there is limited or no provision of the typ **e** that Hope three16 provide.
The food collection and distributio **n** activities will stop. Consideration is being given to expanding our enterprises to include the sale of d **o** nated furniture, provision of emergency food p **a** rcels to those referred to us and providing electrical servic **e** s through our registered electrician.
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
7
## **Statement of Trustees/Directors Responsibilities**
## **STATEMENT OF TRUSTEES'/DIRECTORS' RESPONSIBILITIES**
The trustees (who are also the directors of Hope three16 Limited for the p **u** rposes of company law) are responsible fo **r** preparing the Report of the Trustees and th **e** financial statements in accordance with a **p** plicable law and United Kingdom Accounting Standards (United Kingdom Generally Accep **t** ed Accounting Practice).
Company law requires the truste **e** s to prepare financial statements for each fin **a** ncial year which give a true and fair view o **f** the state of affairs of the charitable company **a** nd of the incoming resources and applicati **o** n of resources, including the income and expe **n** diture, of the charitable company for that p **e** riod. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and pri **n** ciples in the Charity SORP;
- make judgements and estim **a** tes that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate t **o** presume that the charitable company **w** ill continue its operations.
The trustees are responsible for k **e** eping adequate accounting records that are s **u** fficient to show and explain the company's **t** ransactions and disclose with reasonable accur **a** cy at any time the financial position of the charitable company and enable them to ensur **e** that the accounts comply with the Compa **n** ies Act 2006. They are also responsible for sa **f** eguarding the assets of the charitable co **m** pany and hence for taking reasonable ste **p** s for the prevention and detection of fraud and other irregularities.
The trustees submit their report **a** nd financial statements for the period which comply with current statutory requirements and the governing documents of the charity.
The trustees are also responsible for the maintenance and integrity of the corporate and financial information included o **n** the charitable company's website. Legislati **o** n on the United Kingdom governing the preparation and dissemination of financial state **m** ents may differ from legislation in other juri **s** dictions.
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part **1** 5 of the Companies Act 2006 applicable to companies subject to the small companies regi **m** e.
This report was approved by the board on 27 March 2024 and signed on its behalf.
Barry Goddard Director/Trustee
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
8
## **Independent Examiners Report for the year ended 30 June 2023**
I report on the accounts of Hop **e** Three16 Limited for the year ended 30 June **2** 021, which are attached.
## _Respective responsibilities of trust_ _**e** es and examiner_
The charity's trustees (who are als **o** directors for the purposes of company law) ar **e** responsible for the preparation of the accounts. **T** he charity’s trustees consider that an audit is **n** ot required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under com **p** any law and is eligible for independent examination, it is my responsibility to:
- examine the account **s** under section 145 of the 2011 Act,
- to follow the procedures laid down in the general Directions give **n** by the Charity Commission (under s **e** ction 145(5)(b) of the 2011 Act), and
- to state whether par **t** icular matters have come to my attention.
## _Basis of independent examiner’s r_ _**e** port_
My examination was carried out **i** n accordance with the General Directions give **n** by the Charity Commission. An examination incl **u** des a review of the accounting records kept b **y** the charity and a comparison of the accounts pre **s** ented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations fro **m** the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whet **h** er the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statements below.
## _Independent examiner’s statemen_ _**t**_
In connection with my examinatio **n** , no matter has come to my attention
- 1 which gives me rea **s** onable cause to believe that in, any mater **i** al respect, the requirements: - to keep **a** ccounting records in accordance with Section **1** 30 of the 2011 Act; and
- - to prepare accounts which accord with the accounting records, comply with th **e** accounting requirements of Sections 394 **a** nd 395 of the Companies Act 2006 and with the methods and p **r** inciples of the Stateme **n** t of Recommended Practice; Accounting an **d** Reporting by Charities **;**
have not been met; o **r**
2 to which, in my opi **n** ion, attention should be drawn in order to **e** nable a proper understanding of the **a** ccounts to be reached.
Signed:_____________________ **__**
_____________________
Name: STEPHEN JAMES FARROW
Relevant professional qualificatio **n** or body: FMAAT
Address: Estuary Accountancy Ser **v** ices Ltd 42 North Street, Grea **t** Wakering, Essex, SS3 0EL Date: 27 March **2** 024
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
9
## **Statement of Financial activities**
|**Charitable**
**activities**
**Investment**
**income**
**Total incoming resources**
**RESOURCES EXPENDED**
**Resources expended on charitable**
**Support costs**
**Governance costs**
**Total resources expended**
**NET INCOMING/(OUTGOING) RES**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**Notes**
2
3
**activities**
4
5
6
**OURCES**
7
13|**2023**
**Unrestricted**
**funds**
**£**
308,030
237
308,267
277,157
19,959
703
297,819
10,448
78,545
88,993|**2022**
**Total**
**funds**
**£**
250,534
7|
|---|---|---|
|||250,541
216,392
21,260
853|
|||238,505|
|||12,036
66,509|
|||78,545|
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
10
## **Balance Sheet**
|**Not**
**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**Net current assets**
**NET ASSETS**
**Funds**
Unrestricted funds
**TOTAL FUNDS**
**es**
10
11
12
13|**2023**
**Unrestricted funds**
**£**
**£**
17,976
3,975
67,850
71,825
(808)
71,017
88,993
88,993
88,993|**20**
**Total**
**£**
5,925
56,243
62,168
(1,564)
**22**
**funds**
**£**
17,941
60,604
78,545
78,545
78,545|**20**
**Total**
**£**
5,925
56,243
62,168
(1,564)
**22**
**funds**
**£**
17,941
60,604
78,545
78,545
78,545|
|---|---|---|---|
||71,825
(808)|62,168
(1,564)||
|||||
||||78,545|
||||78,545|
||||78,545|
The directors are satisfied that th **e** company is entitled to exemption from the re **q** uirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the charitable company to obtain an audit o **f** its financial statements in accordance with se **c** tion 476 of the Companies Act 2006. The trustees acknowledge their re **s** ponsibilities for a) ensuring that the charitable c **o** mpany keeps accounting records that comply **w** ith Sections 386 and 387 of the Companies Ac **t** 2006; and
b) preparing financial statements which give a true and fair view of the state of **a** ffairs of the charitable company as at the en **d** of each financial year and of its surplus or de **f** icit for each financial year in accordance with the requirements of Sections 394 and 39 **5** and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The accounts have been prepa **r** ed in accordance with the provisions in Pa **r** t 15 of the Companies Act 2006 applicable t **o** companies subject to the small companies re **g** ime and the Financial Reporting Standard for S **m** aller Entities (effective January 2015).
Barry Goddard Director/Trustee Approved by the board and signe **d** on their behalf on 27 March 2024
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
11
## **Notes to the Financial Statemen**
## **1 ACCOUNTING POLICIES**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention an **d** in accordance with the Charities SORP ( **F** RSSE) applicable to charities preparing the **i** r accounts in accordance with the Financ **i** al Reporting Standard for Smaller Entities (ef **f** ective January 2015) and the Companies Ac **t** 2006.
## _**Incoming resources**_
All incoming resources are included on the Statement of Financial Activities **w** hen the client is legally entitled to the inco **m** e and the amount can be quantified with reaso **n** able accuracy.
## _**Resources expended**_
Expenditure is accounted for on an accruals basis and has been classified und **e** r headings that aggregate all cost relate **d** to the category. Where costs cannot be directl **y** attributed to particular headings they hav **e** been allocated to activities on a basis consistent with the use of resources. The irrecovera **b** le element of VAT is included with the item of e **x** pense to which it relates. Resources expended on charitable activities comprise those costs related dir **e** ctly to the charitable activities. Support costs comprise the office and administration costs for the charity. Governance costs comprise t **h** ose incurred in the governance of the charity a **n** d are primarily associated with constitutional and statutory requirements.
## _**Depreciation**_
Depreciation has been provi **d** ed at the following rates in order to write off **t** he assets over their estimated useful lives.
|Office equipment|15% reducing balance|
|---|---|
|House equipment, fixtures a**n**
d fittings|15% reducing balance|
|Workshop equipment|15% reducing balance|
|Motor vehicles|20% reducing balance|
## _**Taxation**_
The company is a registered charity and is therefore entitled to the ex **e** mptions from corporation tax afforded by Section 505 of the Income and Corporation Taxes Act 1988. Accordingly, there is no corp **o** ration tax charge in these financial statements.
## _**Fund accounting**_
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee dire **c** tors. All funds are unrestricted.
|**2**
**INCOME FROM CHARITABLE**
Housing benefit received
Grants
Gifts
**ACTIVITIES**|**2023**
258,069
38,366
11,595
308,030|**2022**
248,913
-
1,621|
|---|---|---|
|||250,534|
Hope three16 Ltd
12
Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
## **Notes to the Financial Statemen**
|**3**
**INVESTMENT INCOME**
Bank interest received
**4**
**RESOURCES EXPENDED ON C**
Consumables
Counselling and other progra
Rent
Rates and water
Light and heat
Telephone and internet
TV Licences
Food and supplies for houses
Repairs and renewals of hou**s**
Stationery - houses
Depreciation - house equipm**e**
_Project costs:_
Project rent
Project light and heat
Project equipment and repai**r**
Project travel & subsistence
Project food
Depreciation - Workshop/pr**o**
_Staff costs:_
Director's salary
Wages and gifts to volunteer**s**
Pensions
Travel and subsistence costs
Clothing
Staff welfare
Training and subscriptions
**HARITABLE ACTIVITIES**
mme costs
es and equipment
nt
s
ject equipment|**2023**
**£**
237
237
**2023**
**£**
-
7,002
89,310
9,350
10,818
1,463
635
419
11,141
-
302
7,900
-
74
3,039
2,965
68
35,000
90,234
1,438
4,539
1,324
-
136
277,157|**2022**
**£**
7|
|---|---|---|
|||7|
|||**2022**
**£**
1,015
190
81,230
8,604
10,271
1,630
636
254
15,144
116
569
6,500
1,571
504
1,198
561
115
32,800
47,192
1,234
3,594
518
-
946|
|||216,392|
Hope three16 Ltd
13
Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
## **Notes to the Financial Statemen**
|**5**
**SUPPORT COSTS**
Office rent
Meeting costs
Repairs and renewals of offic**e**
Stationery and printing
Subscriptions
Telephones
Insurance
Website
Motor expenses
Asset disposals
Depreciation - motor vehicle**s**
Depreciation - office equipm**e**
**6**
**GOVERNANCE COSTS**
Bank charges
Accountancy and independe**n**
Companies House filing fee
**7**
**NET INCOMING/(OUTGOING**
Net resources are stated afte
Depreciation of owned fixed**a**
Directors' remuneration
Accountant's remuneration
**8**
**TRUSTEES' REMUNERATION**
Directors' remuneration
equipment
nt
t examination fees
**) RESOURCES**
r charging:
ssets|**2023**
**£**
1,200
2,269
294
344
800
751
2,379
302
8,264
598
1,412
1,346
19,959
**2023**
**£**
15
675
13
703
**2023**
**£**
1,716
35,000
675
**2023**
**£**
35,000
35,000|**2022**
**£**
1,200
2,140
127
152
1,280
753
2,438
53
9,469
1,450
1,540
658|
|---|---|---|
|||21,260|
|||**2022**
**£**
-
740
113|
|||853|
|||**2022**
**£**
1,342
32,800
740|
|||**2022**
**£**
32,800|
|||32,800|
The trustee directors were reimbursed for travel and mileage expenses incurred while performing their work on be **h** alf of the charity for the year ended 30 June 20 **2** 3.
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
14
## **Notes to the Financial Statemen**
|**9**
**NON-TRUSTEE STAFF COSTS**
Wages and gifts to volunteer**s**|**2023**
**£**
90,234
90,234|**2022**
**£**
47,192|
|---|---|---|
|||47,192|
**10 TANGIBLE FIXED ASSETS**
|**Cost**
At 1 July 2022
Additions
Disposals
At 30 June 2023
**Depreciation**
At 1 July 2022
Charge for the year
On disposals
At 30 June 2023
**Net book value**
At 30 June 2023
At 30 June 2022
**11 DEBTORS**
Loans
Rent deposits held
**12 CREDITORS: AMOUNTS FALLI**
Trade creditors
Other taxes and social securi**t**
Accruals
Other creditors
**Motor**
**Vehicles**
**House**
**equipment**
**and**
**fittings**
**£**
**£**
11,200
6,147
-
877
-
(1,990)
11,200
5,034
4,140
3,880
1,412
302
-
(1,436)
5,552
2,746
5,648
2,288
7,060
2,267
**NG DUE WITHIN ONE YEAR**
y costs|**Office**
**equipment**
**£**
9,742
2,957
(230)
12,469
1,586
1,346
(113)
2,819
9,650
8,156
**2023**
**£**
2,525
1,450
3,975
**2023**
**£**
120
-
688
-
808|**Workshop**
**equipment**
**Total**
**£**
**£**
993
28,082
-
3,834
-
(2,220)
993
29,696
-
-
535
10,141
68
3,128
-
(1,549)
603
11,720
-
-
390
17,976
458
17,941
**2022**
**£**
3,425
2,500
5,925
**2022**
**£**
-
810
753
1
1,564|
|---|---|---|
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
15
## **Notes to the Financial Statemen**
## **13 MOVEMENTS IN FUNDS**
|**MOVEMENTS IN FUNDS**|||
|---|---|---|
|**Unrestricted funds**
General fund
Net movement in funds, incl**u**
**Unrestricted funds**
General fund
**Brought forward**
**£**
78,545
78,545
ded in the above, are as follows:
**Incoming**
**resources**
**£**
308,267
308,267|**Net**
**movement**
**in funds**
**£**
10,448
10,448
**Resources**
**expended**
**£**
297,819
297,819|**30/06/2023**
**£**
88,993|
|||88,993|
|||**Movement**
**in funds**
**£**
10,448|
|||10,448|
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
16
## **Detailed Statement of Financial Activities**
|**INCOMING RESOURCES**
**Charitable activities**
Housing benefit received
Grants
Gifts
**Investment income**
Interest receivable
**RESOURCES EXPENDED**
**Charitable activities**
_Counselling and support program_**_m_**
Consumables
Counselling and other programme
Rent
Rates and water
Light and heat
Telephone and internet
TV Licences
Food and supplies for houses
Repairs and renewals of houses a**n**
Stationery - houses
Depreciation - house equipment
_Project costs:_
Project rent
Project light and heat
Project equipment and repairs
Project travel & subsistence
Project food
Depreciation - Workshop/project**e**
_Staff costs:_
Director's salary
Wages and gifts to volunteers
Pensions
Travel and subsistence costs
Clothing
Training and subscriptions
_e:_
costs
d equipment
quipment|**2023**
**£**
258,069
38,366
11,595
308,030
237
308,267
-
7,002
89,310
9,350
10,818
1,463
635
419
11,141
-
302
7,900
-
74
3,039
2,965
68
35,000
90,234
1,438
4,539
1,324
136
277,157|**2**
**2022**
**£**
48,913
-
1,621|
|---|---|---|
|||**2**
50,534|
|||7|
|||**2**
50,541|
|||1,015
190
81,230
8,604
10,271
1,630
636
254
15,144
116
569
6,500
1,571
504
1,198
561
115
32,800
47,192
1,234
3,594
518
946|
|||**2**
16,392|
Hope three16 Ltd
17
Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
## **Detailed Statement of Financial Activities (cont'd)**
|**Support costs**
Office rent
Meeting costs
Repairs and renewals of office eq**u**
Stationery and printing
Subscriptions
Telephones
Insurance
Website
Motor expenses
Asset disposals
Depreciation - motor vehicle
Depreciation - office equipment
**Governance costs**
Bank charges
Accountancy and independent ex**a**
Companies House filing fee
**Total resources expended**
**Net income/(expenditure)**
ipment
mination fees|1,200
2,269
294
344
800
751
2,379
302
8,264
598
1,412
1,346
19,959
15
675
13
703
297,819
10,448|1,200
2,140
127
152
1,280
753
2,438
53
9,469
1,450
1,540
658|
|---|---|---|
|||21,260|
|||-
740
113|
|||853|
||||
|||**2**
38,505|
||||
|||12,036|
Hope three16 Ltd Regis **t** ered Charity in England & Wales Number 1162789 A company limited by guarant **e** e, registered in England & Wales, Company Registration n **u** mber 9104333.
18