2023-03-31-accounts - Faith Hope & Charity

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Charity registration number: 1166346

FAITH HOPE & CHARITY TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

AccountAbility Yorkshire Limited 24 Fallow Drive Doncaster DN2 4FG

Faith Hope & Charity Contents

	Page
Trustee's Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities	4
Statement of Financial Position	5
Notes to the Financial Statements	6—9
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities	10

Faith Hope & Charity Trustee's Report For The Year Ended 31 March 2023

The trustee presents her report and the financial statements for the year ended 31 March 2023.

Objectives and Activities

Aims and Objectives

To promote the benefit of young adults with learning difficulties by the provision of facilities for training and work experience.

Public Benefit

Young adults with learning difficulties are trained then supported to carry out a range of tasks necessary to run an effective retail outlet. Placements provide young adults with real work opportunities, it enables them to learn new skills and take on interesting and often challenging tasks. Once the individual student has developed their skills in a particular area. They can then be supported to extend those skills.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Reference and Administrative Details

Trustee

Mrs Karen Pemberton

Charity Number

1166346

Principal Address

34 Deepwell View Halfway Sheffield S20 4SP

Independent Examiner

Jamie Hoyle ACA AccountAbility Yorkshire Limited Chartered Accountant 24 Fallow Drive Doncaster DN2 4FG

Page 1

Faith Hope & Charity Trustee's Report (continued) For The Year Ended 31 March 2023

The trustee's report was approved by the board of trustees and signed on its behalf by:

Mrs Karen Pemberton

Trustee

5 August 2026

Page 2

Faith Hope & Charity Independent Examiner's Report to the Trustees of Faith Hope & Charity For The Year Ended 31 March 2023

I report to the trustee on my examination of the accounts of Faith Hope & Charity (the Trust) for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the charity trustee of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jamie Hoyle ACA 5 August 2026 24 Fallow Drive Doncaster DN2 4FG

Page 3

Faith Hope & Charity Statement of Financial Activities For The Year Ended 31 March 2023

Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Other trading activities 4 EXPENDITURE ON: Raising funds 5 NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9	2023 Unrestricted funds £ - 18,602	2022 Unrestricted funds £ 7,296 14,936
	18,602	22,232
	(22,888)	(18,929)
	(4,286)	3,303
	(4,286) 14,300	3,303 10,997
	10,014	14,300

The notes on pages 6 to 9 form part of these financial statements.

Page 4

Faith Hope & Charity Statement of Financial Position As At 31 March 2023

Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 On behalf of the board	2023 Unrestricted funds £ 10,294	2022 Total funds £ 14,580
	10,294 (280)	14,580 (280)
	10,014	14,300
	10,014	14,300
	10,014	14,300
	10,014	14,300
	10,014	14,300

Mrs Karen Pemberton Trustee 5 August 2026

The notes on pages 6 to 9 form part of these financial statements.

Page 5

Faith Hope & Charity Notes to the Financial Statements For The Year Ended 31 March 2023

1. General Information

Faith Hope & Charity is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1166346. The principal address is 34 Deepwell View, Halfway, Sheffield, S20 4SP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.3. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Grants Donated goods, facilities and services	2023 Unrestricted funds £ - -	2022 Unrestricted funds £ 7,656 (360)
	-	7,296

Page 6

Faith Hope & Charity Notes to the Financial Statements (continued) For The Year Ended 31 March 2023

4. Income from Other Trading Activities

Shop income Sale of donated and bought in goods	2023 Unrestricted funds £ 17,857 745	2022 Unrestricted funds £ 14,936 -
	18,602	14,936

5. Analysis of Expenditure

5. Analysis of Expenditure
Raising funds Raising funds 6. Support Costs Premises expenses General administration Governance costs	Activities undertaken directly £ 19,052	Support costs (see note 6) £ 3,836	2023 Total £ 22,888
	Activities undertaken directly £ 15,810	Support costs (see note 6) £ 3,119	2022 Total £ 18,929
			2023 Raising funds £ 2,092 1,446 298
			3,836

Page 7

Faith Hope & Charity Notes to the Financial Statements (continued) For The Year Ended 31 March 2023

Premises expenses General administration Governance costs	2022 Raising funds £ 1,071 1,768 280
	3,119

7. Average Number of Employees

Average number of employees during the year was: NIL (2022: NIL)

8. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 9. Movement in Funds As at 1 April 2022 £ Unrestricted funds General: General unrestricted fund 14,300 Total funds 14,300 As at 1 April 2021 £ Unrestricted funds General: General unrestricted fund 10,997 Total funds 10,997	Income £ 18,602	2023 £ 280 Expenditure £ (22,888)	2022 £ 280
			As at 31 March 2023 £ 10,014
14,300	18,602	(22,888)	10,014
As at 1 April 2021 £ 10,997	Income £ 22,232	Expenditure £ (18,929)	As at 31 March 2022 £ 14,300
10,997	22,232	(18,929)	14,300

10. Transactions with Trustees

Page 8

Faith Hope & Charity Notes to the Financial Statements (continued) For The Year Ended 31 March 2023

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

2023	2022
£	£

11. Related Party Disclosures

Page 9

Faith Hope & Charity Detailed Statement of Financial Activities For The Year Ended 31 March 2023

INCOME AND ENDOWMENTS FROM: Donations and legacies Grants Exceptional items Other trading activities Shop income Online sales EXPENDITURE ON: Raising funds Purchases Administration of the investments Rent collection, property repairs and maintenance charges Rates Light and heat Repairs, renewals and maintenance Insurance Printing, postage and stationery Training seminars and workshops Telecommunications and data costs Telecommunications Sundry expenses Accountancy fees NET (EXPENDITURE)/INCOME	2023 Total funds £ - -	2022 Total funds £ 7,656 (360)
	- 17,857 745	7,296 14,936 -
	18,602	14,936
	18,602 (579) - (18,473) (374) (1,718) (214) (134) (56) (195) - (846) (1) (298)	22,232 - (438) (15,372) (431) (640) (998) (134) - - (636) - - (280)
	(22,888)	(18,929)
	(22,888)	(18,929)
	(4,286)	3,303

Page 10