## **Hope three16 Ltd**
(A company limited by guarantee)
**Report and Financial Statements Year Ended 30 June 2024**
**Charity number 1162789 Company number 9104333**
## **Hope three16 Ltd**
A company limited by guarantee
## **Report and Financial Statements**
Year Ended 30 June 2024
Charity number 1162789 Company number 9104333
## **Contents:**
Reference and Administrative Details Structure, Governance and Management 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 Statements
Detailed Statement of Financial Activities
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
1
## **Hope three 16 Ltd Trustees Report for the year ended 30 June 2024**
The Trustees presents its report and financial statements for the year ended 30 June 2024.
## **Reference and Administrative Details**
|Charity Name:|Hope three 16 Ltd|
|---|---|
|Charity registration number:|1162789|
|Company registration number:|9104333|
|Registered Office:|c/o Wellspring Church|
||134 Hamlet Court Road|
||Westcliff-on-Sea|
||SS0 7LN|
|Operational addresses:|Pleasant Road (x 2)|
||Southend-on-Sea|
||Essex, SS1|
||Burdett Avenue|
||Wescliff-on-Sea|
||Essex, SS0|
||Hartington Road|
||Southend-on-Sea|
||Essex SS1|
||Preston Road|
||Westcliff-on-Sea|
||Essex SS0|
|**Directors / Trustees:**|Mr B Goddard (Chair)|
||Mr J Hailes|
||Mr D Webster|
||Mr P Norton|
|**Accountant:**|Estuary Accountancy Services, 42 North Street, Great Wakering, Southend-|
||on-Sea, Essex SS3 0EL|
|**Bank:**|Metro Bank, G19-21 Victoria Business Centre, London Road, Southend-on-|
||Sea, SS1 2NG|
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
2
## **Structure Governance and Management**
The organisation is a charitable company limited by guarantee, incorporated on 26/06/2014 and registered as a charity on 23/07/2015. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association and Memorandum of Association.
There are four Directors and in the event of the company being wound up Directors are required to contribute an amount not exceeding £10. Trustees are appointed by existing Directors / Trustees. The Directors of the company are also the Trustees of the charity and between themselves discharge the dayto-day operational responsibilities.
All Directors / Trustees, employees and volunteers are required to hold a current (ideally within 3 years) Enhanced DBS certificate. We are a member of thirtyone:eight (formerly CCPAS) and use their Disclosure Service for DBS checks, we have adopted their model safeguarding policy and their Job/Volunteer application and disclosure forms and use the thirtyone:eight safeguarding vulnerable adults training for induction and training of employees and volunteers along with other training providers.
HR, Employment and Health & Safety services are provided by Peninsular Group Ltd which provide a comprehensive suite of services including 24/7 Advice Line, Contracts & Documentation services, Online Management Software, Online and face to face Training and an Employee Assistance Programme (EAP).
## **Objectives and activities**
The charities objectives as set out in 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 at risk of being homeless, hardship, social exclusion, sickness or substance abuse, and to relieve the distress caused by these conditions while promoting and facilitating integration into society in Southend-on-Sea, Essex and surrounding areas as the directors may from time to time see fit.
The charity provides a good standard of safe, secure, alcohol and drug free accommodation, in the form of a shared house to male adults who are homeless or at risk of becoming homeless, unable to find their own accommodation and who require everyday help and support to cope with the normal expectations of everyday life.
We provide targeted support to each individual, including development of basic life skills, assistance with employability skills and job seeking activities. The aim is to facilitate & motivate them over time to achieve their desired lifestyle changes and for them to become employable, manage their own 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 members of the general public who are vulnerable adults with dysfunctional lifestyles due to substance misuse and/or other factors such as mental health issues and/or prolonged use of prescription medicines. These factors affect their employability and their ability to perform everyday tasks which can lead to poverty, homelessness or risk of becoming homeless, social exclusion and inability to be a contributory part of the local community.
The wider public benefit indirectly through reduced homelessness in the local community.
We review our aims and objectives with the view to ensuring that current activities and future plans continue to support these. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
Homelessness in Southend-on-Sea continues to be a situation where demand for services exceeds supply. Our resources are focussed on adult males in need of accommodation and additional support services to meet the needs of everyday life, employability, and re-integration into society.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
3
Referrals are made from various homeless charities and projects within the local area and from other organisations such as DWP Job Centre Plus and Probation Services together with charities that work with and provide services for the homeless community in Southend-on-Sea and surrounding areas.
Following referral, a comprehensive application form is completed by the applicant followed up with an interview to confirm the individual’s status as homeless or at risk of becoming homeless and in need of additional support due to substance misuse, mental health or other factors that lead to social exclusion, and suitability for living in a shared house with others.
## **Achievements and Performance**
Hope three16 Ltd began as a charitable company in October 2014 by renting one two storey house and using it for shared accommodation for four (4) adult males who were either street homeless and/or needing additional support and unable to continue with their existing accommodation arrangements. Hope three16 registered as a charity on 23/07/2015.
Between March 2015 and May 2022, we expanded our services to four rented houses, each configured as a House of Multiple Occupancy (HMO) that meets the appropriate standards and regulations. Each house provides a shared kitchen, shared bathroom / shower facilities on each floor, a shared area in which to eat and/or a shared lounge style area for relaxing and watching TV together with Internet access and computer facilities for help with job searching, improving IT skills and general computer/internet use. The 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 together with the rental of a self-contained, move-on Studio Apartment brought the total number of people we support to Twenty-One (21). All the people accommodated were referred to Hope three16 either by DWP Job Centre Plus, Essex Probation Services, 57 West, or other agencies and charities within the area, all of which work to alleviate homelessness and its resulting issues in Southend-on-Sea.
In January 2022 a new Director/Trustee was appointed as agreed by the existing Trustees/Directors at the AGM meeting held on 6[th] October 2021, and Hope three16 moved its registered office address in May 2024.
A restructuring was undertaken between March & May 2024 with assistance from Peninsular Group to better position the charity for future growth, make better use of its resources, to strengthen the team and improve our Health & Safety practices, procedures and documentation. This resulted in one part time staff member leaving the charity, three part time contractors becoming members of staff on payroll and one new full-time employee joining in June 2024. This resulted in some extra costs during this period.
Grant fund bidding activities have proved to be a good source of funding towards the ongoing services provided by Hope three16 in Southend-on-Sea and we aim to continue this in the future.
A fire at the Billericay site during the moving out period of the food distribution and furniture reuse project resulted in some uninsured losses and clean-up costs which have impacted this period’s financial performance.
During this reporting period Hope three16 has focussed its work on accommodating and supporting a total of 28 individuals, all with a variety of alcohol, drug, mental health issues with some having previously experienced prison.
During this period eight (8) people moved on from Hope three16 accommodation.
There is currently no minimum or maximum length of stay for residents of Hope three16 as everyone’s background and circumstances are different and consequently the time taken to motivate and facilitate change in attitudes and behaviours are also different.
For some a relatively short stay is required to enable them to gain the space and distance from unhelpful influences and access the support to reduce or stop using alcohol or drugs for a period enabling them to reengage with family members, restart their employment and reintegrate back into their family and society in general.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
4
A small number find the process of change too difficult at the time and return to other accommodation, rehab facilities, family members or unfortunately end back in homelessness.
Taking into account the above the resulting room occupancy rate has been maintained at 90% across the full year, above the target in the business proposal but just below the ideal level of 95% used for annual budgeting purposes.
The ages of the adult males supported during this period range from 21 to 75 years, the average being 45 years of age.
The individual support provided to the residents includes provision of Individual Counselling using an accredited counsellor, obtaining replacement ID, help with benefit claims and budgeting skills, ensuring each resident is registered with local Medical & Dental surgeries and assistance with appointments at Job Centre (DWP), GP, Dentists, Hospital, and engagement with Drug & Alcohol agencies (STARS) as required together with support and help for setting and achieving personal goals for each individual.
We also facilitate and help with attendance at Adult Education College as appropriate 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 language, to assist in social inclusion and engagement with agencies such as DWP and Local Council.
During this period the ambient food collected & distributed by Hope three16 to our own houses/residents has stopped and been replaced with a Community Supermarket located in Laindon Essex, a separate legal entity started with initial funding from Essex County Council. This is run by a Trustee of Hope three16, who provide support to the Community Supermarket through providing volunteers and use of a van.
There have been 6 volunteers helping with the furniture re-use and Community Supermarket site in Laindon during this period.
Our support has provided increased personal stability for each resident and for several of them this has enabled them to reconnect with family members including their own children who they had been out of contact with for many years. It has also provided a degree of personal development that has increased their hopes for future employment opportunities.
The support we provide has the goals of empowering positive lifestyle choices, increasing self-esteem, sense of personal identity and value and helping to rebuild positive relationships which provide day to day encouragements towards change.
We provide residents with opportunities for personal responsibility, such as cleanliness & tidiness of their own room, and collective responsibility for the common areas of the house and the outside areas.
There have been no serious incidents during the reporting period. Hope three16 does not make grants and has not made any investments.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
5
## **Financial Review**
The financial landscape continues to be challenging with increased day to day running costs together with the increasing fuel costs which affect our day to day and furniture re-use project costs. In this period, we have realised a small operational surplus of just under £5000 due mainly to successful grant fund bidding activities and gifts plus a small amount of interest gained across the accounts.
With careful cost management and by entering this period in a strong financial position we have, at the end of this period, finished with a healthy end of year balance. This gives the charity a positive financial position to start the coming year, continue with providing support to our residents and to implement some of our future plans.
The charity’s primary income is from Southend Borough Council through Housing Benefit payments for the individuals accommodated and supported by us these were increased for the first time in October 2021 and then again in November 2023 taking into account increased costs and inflationary pressures.
An online account provided by “Stewardship” was set up through which private individuals can make voluntary donations/gifts to Hope three16 and include gift aid with the donation, administrated by Stewardship, if HMRC conditions are met.
The majority of all expenditure is directed at supporting our objectives with the Company / Charity running costs including insurances, professional services and registered office costs of around 6% of total expenditure.
Pay costs are for the three House Managers responsibilities include ensuring the houses are a safe and secure environment, encourage individuals to play their part in keeping the houses clean and tidy, provide day to day support and to help with benefit claims. A part time Finance Manager is employed to manage the day-to-day financial activities of the charity and a part time Fund Bidding Manager is employed to raise additional funds to meet rising operational costs. A Maintenance, Electrician and IT person is also employed alongside to assist the House Managers maintain everything in working order.
One Director / Trustee is remunerated in accordance with the Governing document. Additional members of staff assist with general running and upkeep of the houses and co-ordination of support activities. The other three Directors / Trustees provide their time and expertise in a voluntary capacity.
Apart from the goal of retaining a practical amount in reserves each year the majority of the charity’s funds are spent on day to day running costs so there are no funds at present for long term investment.
Hope three16 has based its Reserves policy and target level of reserves on:
- Forecast levels of income considering the reliability of that income stream (expressed in % occupancy rates)
- Forecast monthly expenditure for current and future planned activity.
- An assessment of risk that reserves will be required to make up a shortfall of income or to be used to bridge a shortfall during higher-than-normal expenditure, such as when expanding services and/or to open an additional house.
Two types of reserves have been considered as follows:
1. Running Reserves – monies set aside for ongoing running costs.
2. Project Reserves – monies set aside for specific projects and/or emergencies.
For 2023/24 our Running Reserves policy target is 24% of annual income which will cover 3 full months running costs (with reduced payroll) in the event of a significant fall in income, this is reviewed and revised every year.
For 2023/24 the Project Reserves policy is set to £6000.00
Our reserves for 2023/24 did not meet the target in this year.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
6
Our strategy is to build reserves through planned operational surpluses however with increasing costs it is not expected that we will reach our target within the next two to three years and we have considered what expenditure could be reduced or stopped, together with what additional income sources could be found should such circumstances arise.
## **Plans for Future Periods**
Future plans include the filling of any vacant rooms and maintaining occupancy rates at target levels.
Continue to work with and build relationships with other providers in the area.
We will seek to rent an additional move-on Studio Apartment for one of our residents who is ready for moving on to more independent living increasing total number of people supported to 22.
Reviewing rent charge per person per week with Southend City Council to consider the last two years inflationary costs.
We are also looking at opportunities for increasing our additional income streams from external Grant Fund bidding with a view to consolidate and improve our services.
We will be focusing our resources on our core services with our residents resulting in the move of other projects and associated resources (and costs) to the Hope Is (CIC) Community Supermarket.
We will review the Electrical Services activities.
We are looking to increase the number of volunteers together with increasing the number of Directors/Trustees to spread the workload across the team.
Consideration will be given to the option of becoming a CIO
Consideration will be given to determine if purchase/owning properties we use is a viable option.
Consideration of the possible expansion into providing services in adjoining Boroughs in Essex where there is limited or no provision of the type that Hope three16 provide.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
7
## **Statement of Trustees/Directors Responsibilities**
The trustees (who are also the directors of Hope three16 Limited for the purposes of company law) 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).
Company 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 charitable company 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 statements, 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 estimates that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue its operations.
The trustees 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 charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees submit their report and 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 on the charitable company's website. Legislation on the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 March 2025 and signed on its behalf.
Barry Goddard Director/Trustee
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
8
## **Independent Examiners Report for the year ended 30 June 2024**
I report on the accounts of Hope Three16 Limited for the year ended 30 June 2024, which are attached.
## _Respective responsibilities of trustees and examiner_
The charity's trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not 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 company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
- to state whether particular matters have come to my attention.
## _Basis of independent examiner’s report_
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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from 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 whether 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 statement_
In connection with my examination, no matter has come to my attention
- 1 which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities;
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.
Signed:____________________________________________
Name: STEPHEN JAMES FARROW Relevant professional qualification or body: FMAAT
Address: Estuary Accountancy Services Ltd
42 North Street, Great Wakering, Essex, SS3 0EL
Date: 31 March 2025
Hope three16 Ltd
9
Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
## **Statement of Financial activities**
|**Notes**
**Charitable**
**activities**
2
**Investment**
**income**
3
**Total incoming resources**
**RESOURCES EXPENDED**
**Resources expended on charitable activities**
4
**Support costs**
5
**Governance costs**
6
**Total resources expended**
**NET INCOMING/(OUTGOING) RESOURCES**
7
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
13
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**funds**
**£**
342,860
1,694
344,554
318,615
20,142
888
339,645
4,909
88,993
93,902|**2023**
**Total**
**funds**
**£**
308,030
237|
|---|---|---|
|||308,267
277,157
19,959
703|
|||297,819|
|||10,448
78,545|
|||88,993|
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
10
## **Balance Sheet**
|**Notes**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
12
**Net current assets**
**NET ASSETS**
**Funds**
Unrestricted funds
13
**TOTAL FUNDS**|**2024**
**Unrestricted funds**
**£**
**£**
15,669
3,775
76,338
80,113
(1,880)
78,233
93,902
93,902
93,902|**2023**
**Total funds**
**£**
**£**
17,976
3,975
67,850
71,825
(808)
71,017
88,993
88,993
88,993|**2023**
**Total funds**
**£**
**£**
17,976
3,975
67,850
71,825
(808)
71,017
88,993
88,993
88,993|
|---|---|---|---|
||80,113
(1,880)|71,825
(808)||
|||||
||||88,993|
||||88,993|
||||88,993|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its financial statements in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 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 prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Barry Goddard Director/Trustee
Approved by the board and signed on their behalf on 31 March 2025
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
11
## **Notes to the Financial Statements**
## **1 ACCOUNTING POLICIES**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with the Charities SORP (FRSSE) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.
## _**Incoming resources**_
All incoming resources are included on the Statement of Financial Activities when the client is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## _**Resources expended**_
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 consistent with the use of resources. The irrecoverable element of VAT is included with the item of expense to which it relates.
Resources expended on charitable activities comprise those costs related directly to the charitable activities.
Support costs comprise the office and administration costs for the charity.
Governance costs comprise those incurred in the governance of the charity and are primarily associated with constitutional and statutory requirements.
## _**Depreciation**_
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
|Office equipment|15% reducing balance|
|---|---|
|House equipment, fixtures and 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 exemptions from corporation tax afforded by Section 505 of the Income and Corporation Taxes Act 1988. Accordingly, there is no corporation 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 directors. All funds are unrestricted.
## **2**
|**INCOME FROM CHARITABLE ACTIVITIES**
Housing benefit received
Project income
Grants
Gifts|**2024**
281,433
6,339
9,000
46,088
342,860|**2023**
258,069
-
38,366
11,595
308,030|
|---|---|---|
Hope three16 Ltd
12
Registered Charity in England & Wales Number 1162789
A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
|**Notes to the Financial Statements**
**3**
**INVESTMENT INCOME**
Bank interest received
**4**
**RESOURCES EXPENDED ON CHARITABLE ACTIVITIES**
Consumables
Counselling and other programme costs
Rent
Rates and water
Light and heat
Telephone and internet
TV Licences
Food and supplies for houses
Repairs and renewals of houses and equipment
Depreciation - house equipment
_Project costs:_
Project rent
Project equipment and repairs
Project travel & subsistence
Project food
Depreciation - Workshop/project equipment
_Staff costs:_
Director's salary
Wages and gifts to volunteers
Pensions
Travel and subsistence costs
Clothing
Training and subscriptions|**2024**
**£**
1,694
1,694
**2024**
**£**
103
8,308
91,275
9,520
12,610
1,616
640
46
23,014
371
6,520
13,607
2,401
8,226
59
29,455
106,322
1,364
3,104
46
8
318,615|**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|
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
13
## **Notes to the Financial Statements**
|**5**
**SUPPORT COSTS**
Office rent
Meeting costs
Repairs and renewals of office equipment
Stationery and printing
Subscriptions
Telephones
Insurance
Website
Motor expenses
Sundry expenses
Asset disposals
Depreciation - motor vehicles
Depreciation - office equipment
**6**
**GOVERNANCE COSTS**
Bank charges
Accountancy and independent examination fees
Companies House filing fee
**7**
**NET INCOMING/(OUTGOING) RESOURCES**
Net resources are stated after charging:
Depreciation of owned fixed assets
Directors' remuneration
Accountant's remuneration
**8**
**TRUSTEES' REMUNERATION**
Directors' remuneration|**2024**
**£**
1,100
1,138
549
224
1,609
904
2,538
453
8,980
60
-
1,129
1,458
20,142
**2024**
**£**
14
840
34
888
**2024**
**£**
1,888
29,455
840
**2024**
**£**
29,455
29,455|**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|
The trustee directors were reimbursed for travel and mileage expenses incurred while performing their work on behalf of the charity for the year ended 30 June 2024.
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
14
## **Notes to the Financial Statements**
|**9**
**NON-TRUSTEE STAFF COSTS**
Wages and gifts to volunteers|**2024**
**£**
106,322
106,322|**2023**
**£**
90,234|
|---|---|---|
|||90,234|
|**10**
**TANGIBLE FIXED ASSETS**
**Motor**
**Vehicles**
**£**
**Cost**
At 1 July 2023
11,200
Additions
-
At 30 June 2024
11,200
**Depreciation**
At 1 July 2023
5,552
Charge for the year
1,129
At 30 June 2024
6,681
**Net book value**
At 30 June 2024
4,519
At 30 June 2023
5,648
**11 DEBTORS**
Loans
Rent deposits held
**12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other taxes and social security costs
Accruals|**House**
**equipment**
**and**
**fittings**
**£**
5,034
331
5,365
2,746
371
3,117
2,248
2,288|**Office**
**equipment**
**£**
12,469
379
12,848
2,819
1,458
4,277
8,571
9,650
**2024**
**£**
2,325
1,450
3,775
**2024**
**£**
-
1,141
739
1,880|**Workshop**
**equipment**
**Total**
**£**
**£**
993 29,696
-
710|
|---|---|---|---|
||||993 30,406|
||||-
-
603 11,720
59
3,017|
||||662 14,737|
||||-
-
331 15,669|
||||390 17,976|
||||**2023**
**£**
2,525
1,450
3,975
**2023**
**£**
120
-
688
808|
Hope three16 Ltd
15
Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
## **Notes to the Financial Statements**
## **13 MOVEMENTS IN FUNDS**
|**Brought forward**
**£**
**Unrestricted funds**
General fund
88,993
88,993
Net movement in funds, included in the above, are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
344,554
344,554|**Net**
**movement**
**in funds**
**£**
4,909|**30/06/2024**
**£**
93,902|
|---|---|---|
||4,909|93,902|
||**Resources**
**expended**
**£**
339,645
339,645|**Movement**
**in funds**
**£**
4,909
4,909|
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
16
## **Detailed Statement of Financial Activities**
|**INCOMING RESOURCES**
**Charitable activities**
Housing benefit received
Project income
Grants
Gifts
**Investment income**
Interest receivable
**RESOURCES EXPENDED**
**Charitable activities**
_Counselling and support programme:_
Consumables
Counselling and other programme costs
Rent
Rates and water
Light and heat
Telephone and internet
TV Licences
Food and supplies for houses
Repairs and renewals of houses and equipment
Depreciation - house equipment
_Project costs:_
Project rent
Project equipment and repairs
Project travel & subsistence
Project food
Depreciation - Workshop/project equipment
_Staff costs:_
Director's salary
Wages and gifts to volunteers
Pensions
Travel and subsistence costs
Clothing
Training and subscriptions|**2024**
**£**
281,433
6,339
9,000
46,088
342,860
1,694
344,554
103
8,308
91,275
9,520
12,610
1,616
640
46
23,014
371
6,520
13,607
2,401
8,226
59
29,455
106,322
1,364
3,104
46
8
318,615|**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|
Hope three16 Ltd
17
Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
## **Detailed Statement of Financial Activities (cont’d)**
|**Support costs**
Office rent
Meeting costs
Repairs and renewals of office equipment
Stationery and printing
Subscriptions
Telephones
Insurance
Website
Motor expenses
Sundry expenses
Asset disposals
Depreciation - motor vehicle
Depreciation - office equipment
**Governance costs**
Bank charges
Accountancy and independent examination fees
Companies House filing fee
**Total resources expended**
**Net income/(expenditure)**|1,100
1,138
549
224
1,609
904
2,538
453
8,980
60
-
1,129
1,458
20,142
14
840
34
888
339,645
4,909|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|
Hope three16 Ltd Registered Charity in England & Wales Number 1162789 A company limited by guarantee, registered in England & Wales, Company Registration number 9104333.
18