## **Trustees’ Annual Report for the period** ## **From 05.04.2020 Period start date To 04.04.2021 Period end date** ## **Charity name: Faith Hope & Charity** ## **Charity registration number: 1166346** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the purposes Para 1.17 To promote the benefits of young
of the charity as set out adults with learning difficulties by
in its governing the provision of facilities for
document training and work experience
Summary of the main Para 1.17 and Students are trained then supported to
1.19
activities in relation to carry out a range of activities
those purposes for the necessary to run an effective retail
public benefit, in outlet. Our project provides individual
particular, the activities, work placements that recognises the
projects or services needs and capabilities of young adults
identified in the with learning difficulties, once the
accounts. individual has developed skills in a
number of particular areas they can
then be supported to extend those
skills.
Statement confirming Para 1.18 Our trustees confirm that they
whether the trustees have had regard to the guidance
have had regard to the issued by the Charity Commission.
guidance issued by the They are aware of the guidance
Charity Commission on and have taken it into account
public benefit when making all decisions
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## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
All of our young adults with learning
difficulties have made progress in
terms of confidence, being able to use
Summary of the main the till, give correct change and taking
Para 1.20
achievements of the card payments. They also do window
charity, identifying the display and stock rotation
difference the charity’s independently.
work has made to the Some of our students have gone on to
circumstances of its do voluntary work for other
beneficiaries and any organisations.
wider benefits to society
as a whole.
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
**----- End of picture text -----**
## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21 All our students who have learning
financial position at the disabilities and many of our
end of the period volunteers have underlying health
issues so for that reason we
decided to close our shop on 16 [th]
March 2020 due the Covid 19. We
were in lockdown for several
months, one of our trustees had
Coved and was isolating so we
were not able to have a trustee
meeting or review our financial
position.
Statement explaining the Para 1.22 We do not currently have a
policy for holding reserves policy. The trust has no
reserves stating why they employees, property or other
are held liabilities. When it has the
trustees will assess the levels of
reserves and form an appropriate
policy
Amount of reserves held Para 1.22 5,000
Reasons for holding zero Para 1.22
reserves
Details of fund materially Para 1.24
in deficit
Explanation of any Para 1.23 The only concern the trustees
uncertainties about the have had about uncertainties for
charity continuing as a the charity was the possibility of
going concern another lockdown where we were
shut for several months with no
income
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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## **Structure, Governance and Management** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Appointed by existing trustees
methods including details
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled
to appoint one or more
trustees
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Faith Hope & Charity
Other name the charity Not Just a Shop
uses
Registered charity 1166346
number
**----- End of picture text -----**
**----- Start of picture text -----**
Charity’s principal 16 Holme Lane
address Sheffield
S6 4JQ
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Karen Bartley Chair 07.09.15-Present Karen Bartley
2 Amanda Jeffcock Treasurer 02.11.2019-Present Amanda Jeffcock
3 Ann Travis Secretary 06.06.2020-Present Ann Travis
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for whole
year
**----- End of picture text -----**
**Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees** **Signature(s)** Karen Bartley **Full name(s)** Karen Bartley **Position (eg** Chair **Secretary, Chair, etc)** **Date** 20.01.22 **REGISTERED CHARITY NUMBER: 1166346** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for FAITH HOPE & CHARITY** Hill and Co Accountants 106 Holme Lane Hillsborough Sheffield South Yorkshire S6 4JW **FAITH HOPE & CHARITY** **Contents of the Financial Statements for the Year Ended 31 March 2021** ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 7| |Detailed Statement of Financial Activities|8 to 9| **FAITH HOPE & CHARITY** ## **Report of the Trustees for the Year Ended 31 March 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1166346 ## **Principal address** 34 Deepwell View Sheffield S20 4SP ## **Trustees** Mrs K Pemberton ## **Independent examiner** Hill and Co Accountants 106 Holme Lane Hillsborough Sheffield South Yorkshire S6 4JW ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. Mrs K Pemberton - Trustee Page 1 ## **Independent Examiner's Report to the Trustees of Faith Hope & Charity** I report on the accounts for the year ended 31 March 2021, which are set out on pages three to seven. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Phillip Nigel Hill Hill and Co Accountants 106 Holme Lane Hillsborough Sheffield South Yorkshire S6 4JW Date: ............................................. Page 2 **FAITH HOPE & CHARITY** ## **Statement of Financial Activities for the Year Ended 31 March 2021** |31/3/21
Unrestricted
fund
Notes
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
10,002
Activities for generating funds
2
7,351
**Incoming resources from charitable activities**
Grants
-
**Total incoming resources**
17,353
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
3
-
Investment management costs
4
8,541
**Charitable activities**
Grants
1,750
**Governance costs**
-
**Other resources expended**
-
**Total resources expended**
10,291
**NET INCOMING/(OUTGOING)**
**RESOURCES**
7,062
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
3,935
**TOTAL FUNDS CARRIED FORWARD**
10,997|31/3/20
Total
funds
£
870
9,157
1,921
11,948
3,415
10,571
-
30
280
14,296
(2,348)
6,283
3,935| |---|---| The notes form part of these financial statements Page 3 **FAITH HOPE & CHARITY** ## **Balance Sheet At 31 March 2021** |31/3/21
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
11,277
**CREDITORS**
Amounts falling due within one year
6
(280)
**NET CURRENT ASSETS**
10,997
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
10,997
**NET ASSETS**
10,997
**FUNDS**
7
Unrestricted funds
10,997
**TOTAL FUNDS**
10,997|31/3/20
Total
funds
£
4,215
(280)
3,935
3,935
3,935
3,935
3,935| |---|---| The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 4 **FAITH HOPE & CHARITY** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity 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. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. ACTIVITIES FOR GENERATING FUNDS** |Shop income
Exceptional items
**3.**
**COSTS OF GENERATING VOLUNTARY INCOME**
Support costs
**4.**
**INVESTMENT MANAGEMENT COSTS**
Administrative expenses
Rent collection|31/3/21
£
7,407
(56)
7,351
31/3/21
£
-
31/3/21
£
50
8,491
8,541|31/3/20
£
9,157
-
9,157
31/3/20
£
3,415
31/3/20
£
2,531
8,040| |---|---|---| |||10,571| Page 5 **FAITH HOPE & CHARITY** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ## **7.** |31/3/21
31/3/20
£
£
Other creditors
280
280
**MOVEMENT IN FUNDS**
Net movement
At 1/4/20
in funds
At 31/3/21
£
£
£
**Unrestricted funds**
General fund
3,935
7,062
10,997
**TOTAL FUNDS**
3,935
7,062
10,997
Net movement in funds, included in the above are as follows:
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
**Unrestricted funds**
General fund
17,353
(10,291)
7,062
**TOTAL FUNDS**
17,353
(10,291)
7,062
**Comparatives for movement in funds**
Net movement
At 1/4/19
in funds
At 31/3/20
£
£
£
**Unrestricted Funds**
General fund
6,283
(2,348)
3,935
**TOTAL FUNDS**
6,283
(2,348)
3,935|31/3/20
£
280
31/3/21
£
10,997|31/3/20
£
280
31/3/21
£
10,997| |---|---|---| ||10,997|| ||7,062|| ||31/3/20
£|| |||3,935| |||| |||| |||| |||3,935| |||| |||| Page 6 **FAITH HOPE & CHARITY** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** ## **7. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|11,948|(14,296)|(2,348)| |**TOTAL FUNDS**|11,948|(14,296)|(2,348)| ||||| A current year 12 months and prior year 12 months combined position is as follows: |Net movement
At 1/4/19
in funds
At
£
£
**Unrestricted funds**
General fund
6,283
4,714
**TOTAL FUNDS**
6,283
4,714|31/3/21
£
10,997| |---|---| ||10,997| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|29,301|(24,587)|4,714| |**TOTAL FUNDS**|29,301|(24,587)|4,714| Page 7 **FAITH HOPE & CHARITY** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021** |**INCOMING RESOURCES**
**Voluntary income**
Gifts
Donations
Grants
**Activities for generating funds**
Shop income
Exceptional items
**Incoming resources from charitable activities**
Grants
**Total incoming resources**
**RESOURCES EXPENDED**
**Investment management costs**
Administrative expenses
Rent collection
**Charitable activities**
Rates and water
Postage and stationery
Sundries
**Governance costs**
Legal fees
**Support costs**
**Management**
Telephone
Advertising
Sundries
Private Tutoring Sessions
**Finance**
Rates and water|31/3/21
£
2
-
10,000
10,002
7,407
(56)
7,351
-
17,353
50
8,491
8,541
180
200
30
410
-
502
136
-
-
638
-|31/3/20
£
-
870
-| |---|---|---| |||870
9,157
-| |||9,157
1,921| |||11,948
2,531
8,040| |||10,571
-
-
-| |||-
30
537
-
1,109
440| |||2,086
1,021| This page does not form part of the statutory financial statements Page 8 **FAITH HOPE & CHARITY** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021** |**Information technology**
Repairs and renewals
**Other 4**
Accountancy and legal fees
**Total resources expended**
**Net income/(expenditure)**|31/3/21
£
422
280
10,291
7,062|31/3/20
£
308
-
14,016
(2,068)| |---|---|---| This page does not form part of the statutory financial statements Page 9