Charity registratlon number 1166877 (England and Wales) Company registration number 09904428 FRESH HOPE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FRESH HOPE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs D Heusch Mr D P Lynch Ms S Mclean MrA F Solomon Mr J Taylor Mr M D Barber Mrs C Workman Mr S Harris (Appointed 2 August 20241 (Appoinled 23 May 2024) (Appointed 1 March 20241 Charity number (England and Wales) 1166877 Company number 09904428 Registered office Trouville Ballledown Approach Chellenham Gloucestershire United Kingdom GL52 6RA Independent examlner BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire England GL519TX Bankers Barclays PIC 128 High Street Chellenham GL50 1EG Solicitors BPE Solicitors LLP St James House St James Square Chellenham Gloucestershire GL50 3PR
FRESH HOPE CONTENTS Page Trustees, report Independent examinels report Stalemenl of financial activities statement of financial position Notes lo the financial statements 8-14
FRESH HOPE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial slalements for the year ended 31 December 2024. The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Acl 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" Objectives and activities Our charily's purposes as set out in the objects contained in the company's articles of association are to: To improve and transform the lives of individual people and communities, in such communilies as the truslees may from lime lo time think fit, with special emphasis on, but not exclusively, young people, vulnerable adults and disadvantaged families, by sponsoring, supporting andlor implementing community projects. To work with, encourage and provide opportunities for people in communities who have what they need, to work wilh those who do not, and so make the community a caring and healthy place to live for all. We will do this by sponsoring. promoting and supporting 8 variety of projects delivering benefits to Ihe community. How our activities deliver publlc benefit Currently, Fresh Hope has the following projects delivering benefit to the public.. 1. The School House Café ISHCI: Our aim in 2024 was lo improve the financial performance and community impact of the School House Cafe, largely through continuing io increase involvemenl in frequent events. In the end over 40 events were held in 2024 in the SHC, addressing needs from people right across the community. Example evenls include: Children's events including crafts with Santa Heart monitoring for young adults, looking to identify undiagnosed A weekly community lunch for those less well off or socially isolated in A weekly drop in for the elderly, hosted by district nurses We continue to run a toddler group on a Monday. heart disease our community The Cafe saw a £50,000 redevelopment of it's kitchen in 2024 with money from the Government's Leveling Up fund. This will make a long term difference lo the SHC and the community for many years to come. 2. The Cycle Project. The project continues to provide cycle repair, servicing and the sale of refurbished bikes. This project continues to grow rapidly in 2024 with activity up around 250 % over 2023. Combining the financial performance ofthe SHC and the Cycle Project reduced overall losses by around 900/0 in 2024 over 2023. 3. The Family Panlry has moved from strength to slrenglh perhaps doubling the families il supports both on an overall and on a weekly basis. For a £4 weekly membership fee, families are provided with 8 shelf items, two fridge or freezer items and free fresh fruit and vegetables. We continue to offer recipe bags. We see continuing collaboration in this project including working with the Rock who provide space, working wilh Cheltenham is Growing, who provide very locally grown fruit and vegetables and a link with Dean Close school, who provide food at Harvest and Christmas, sending pupils over lo experience whal the Family Pantry has lo offer. 4. The Armoury {A community 9yml. 2024 saw the Armoury growing by about 32 1 over 2023. The number of people impacted has greatly increased, but the growth is not yel sufficient lo create financial slabilily. Nevertheless the communily that we have created, of people from 18 to retirement age, which nurtures it's members and actively supports Physical, Mental, Emotional and Spiritual health, is something that the staff and trustees are rightly proud of. The community also takes responsibility for itself, participating in socials, fund raisers and in maintenance activities. 11 is clear that the Armoury is "owned" by il's members.
FRESH HOPE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Delivering these public benefits would not be possible withoLtt: Our staff who continue to show real compassion for the communities they serve while delivering a professional service lo our customers The tireless efforts of the volunteers who run some of the projects and who manage and run the charity as a whole The customers of both the SHC and the Armoury gym, who have continued to support us with their custom. We are thankful for the ongoing financial support of the Life development Fund of Gloucester Diocese. We have been delighted and humbled by the number of individuals who continue to support our work financially. It would be inappropriate lo mention names here bul our heartfelt thanks lo each and every one of you. Our Values At Fresh Hope we aspire lo live out our values., Gommunlty,. we are passionate about building inclusive and aulhenlic communities, generaling joy and a sense of belonging. Compassion- we are kind, warm and generous to everyone we encounter. Integrity,. we act in an honest and open way, treating each other with dignity and respect. Teamwork. we achieve more when we collaborate and all work together. Financial review Res8wes policy Cash flow is good, but overall nel reseNes remain below 3 months operational costs. Plans for future periods We remain open to exploring opportunities lo reproduce both the School House Cafe and The Armoury in other locations. We are also open to bring new or existing projects under the Fresh Hope umbrella. Structure, governance and management The organisation is a charitable company limited by guarantee, incorporated on 7 December 2015 and registered as a charity on 3 May 2016. The company was established under a Memorandum of Association and is governed under its Articles of Association which established the objects and powers of the charitable company. In the event of the company being wound up members are required lo contribute an amount not exceeding £10. Recruitment and appointmenl of Irustees The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members. Under the requirements of the Articles of Association, which established the objects and powers of the charitable company, one third of the directors must retire each year (longer seNing since election firstl but can be re-elected al the next Annual General Meeting. At the Annual General Meeting held on 11 h July 2024, Sue McLean resigned as a director and was re-elected. All member of the company give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are sel out in note 7 to the accounts.
FRESH HOPE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustee Induction and Training The trustees continue lo work together to develop both the governing documents of the charity and also the purpose and vision of the charity. All are provided with links lo material provided by both the Charity Commission and Companies House on the roles and responsibilities of a Trustee and Director. Most of the Trustees are already familiar with these due to other positions that they hold. Rlsk Management The Directors consider risks as part of their monthly board meeting. Most risks are reviewed every month including operational, financial and safeguarding. The overall risk log is reviewed on an annual basis. Related Partles Fresh Hope works collaboratively with a number of organisations not least Sl Paul's Church, Cheltenham, where the Café is based and Holy Trinity, Chellenham where the Armoury is based. However, based upon the definition of a related party in IAS24, Fresh Hope has no related parties. Statement of trustees. responslbllities The trustees (who are also the directors of Fresh Hope for the purposes of company lawl 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires Ihe Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate 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 stalemenls, the trustees are required to select suitable accounting policies and then apply them consislenlly. observe Ihe methods and principles in the Charity SORP., make judgemenls and eslimales that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate lo presume charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charitable company and lo enable them lo ensure that the financial statements 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 deleclion of fraud and other irregularities. Members of the Management Committee Members of the Management Commillee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to Ihe date of this report are sel out on page 3. In accordance with company law, as the company's directors, we certify Ihal.. so far as we are aware, there is no relevant information of which the examiner of the accounts are unaware., and as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish Ihal the charity's examiner is aware of that information.
FRESH HOPE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees, report was approved by the Board of Trustees. Mr D P Lynch Trustee 6 August 2025
FRESH HOPE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRESH HOPE I report lo the trustees on my examination of the financial statements of Fresh Hope (the charity) for the year ended 31 December 2024. Responsibilities and basls of report As the Iruslees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial slatemenls in accordance with the requirements of Ihe Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examinalion, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Direclions given by the Charily Commission under section 14515){b) of the Charities Act 2011. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe thal in any material respect= accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial slalemenls do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial slalemenls give a true and fair view, which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities applicable to charilies preparing their financial slalemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). 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 lo enable a proper understanding of the financial slalemenls lo be reached. Cinzia Hensle Inslilule of Cha BK Plus Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL51 gTX England 6 August 2025 ered Accountants in England and Wales
FRESH HOPE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrlcted Total Unr85trlcted Restrlcted funds Total funds funds funds 2024 2024 2024 2023 2023 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities 36,161 36,161 72,660 129,447 47,123 47,123 84,780 114,678 72,660 84,780 129,447 114,678 Total income 165,608 72,660 238,268 161,801 84,780 246,581 Expenditure on: Charitable activities 184,924 96,779 281,703 178,415 1,700 180,115 Total expendlture 184,924 96,779 281,703 178,415 1,700 180,115 Net Incomellexpenditure) and movement in funds {19,316) {24,119} (43,435) {16,614) 83,080 66,466 Reconciliation of funds: Fund balances at 1 January 2024 1,925 85,180 87,105 18,539 2,100 20,639 Fund balances at 31 December 2024 (17,3911 61,061 43,670 1,925 85,180 87,105
FRESH HOPE STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 10 1,768 3,514 Current assets Stocks Debtors Cash at bank and in hand 11 12 1,738 1,472 45,762 1,724 2,431 86,534 48,972 90,689 Creditors: amounts falling due within one year 13 (7,070) 17,098) Net current assets 41.902 83,591 Total assets less current liabilities 43,670 87,105 The funds of the charity Reslricled income funds Unreslricled funds 14 15 61,061 (17,391 } 85,180 1,925 43,670 87,105 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their responsibilities for complying with Ihe requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slalemenls. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the trustees on 6 August 2025 Mr D P Lynch Trustee Company registration number 09904428 {England and Wales)
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie5 Charlty Information Fresh Hope is a private company limited by guarantee incorporated in England and Wales. The registered office is Trouville, Batlledown Approach, Chellenham, Glouceslershire, GL52 6RA, United Kingdom. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Charltable funds Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Reslriclions 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 slatemenls. 1.3 Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it is probable that the income will be received and the amount can be measured reliably. 1.4 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity to that expenditure, it is probable that a transfer of economic benefits will be required in selllement 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 lo the category. Where costs cannot be directly atlribuled to particular headings they have been allocated to aclivilies on a basis consistent with the use of resources. 1.5 Tangible fixed assets Tangible fixed assets are inilially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cosl or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fillings Computers 330A on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Items costing less than £1,000 are not capitalised.
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Contlnued) 1.6 Stocks Stocks are valued al the lower of cost and nel realisable value, after making due allowance for obsolete and slow moving items. Income from donations and legacies Unrestrlcted Unrestrlctèd fund5 funds 2024 2023 Donations Gift aid 34,109 2,052 45,252 1,871 36,161 47,123 Income from charltable activities Restricted Restrlctéd funds funds 2024 2023 Granls 72,660 84,780 Grants analysis Total 2024 Total 2023 Gloucestershire Diocesan Board Severn Trent Barnwood Trust Hubbub Community Fridge Chellenham Borough Council Gloucestershire County Ccouncil JCR Jockey Club Rotary Trust 20,500 19,720 15,000 10,000 3,500 2,500 1,000 440 33,500 1,280 50,000 72,660 84,780
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Unrestrlcted Unrestricted fund5 funds 2024 2023 Other income Cafe and gym income 958 128,489 56 114,622 Other trading activities 129,447 114,678 Expendlture on charitable activltles Total 2024 Total 2023 Dlrect costs staff costs Depreciation Sundries Catering supplies Uniform and clothing Rent and rates Marketing, prnling and stationery Charitable donations Insurance Bank charges Repairs and renewals Kitchen refurbishment 144,721 1,746 5,251 57,899 871 4,800 981 8,309 1,722 109,317 1,746 2,143 52,337 1,623 4,400 324 4,747 1,358 55 1,313 4,566 50,000 280,866 179,363 Share of support and governance costs (see note 6) Governance 837 752 281,703 180,115 Analysis by fund Unreslricled funds Restricted funds 184,924 96,779 178,415 1,700 281,703 180,115 io-
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities 2024 2023 Governance costs 837 752 Analysed between: Independent examiner fee 837 752 Trustees None of the Iruslees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Trustees, expenses During the year trustees. expenses reimbursed lotalled £1,604 (2022.. £nill. Employees The average monthly number of employees during ihe year was.. 2024 Number 2023 Number 17 19 Employment costs 2024 2023 Wages and salaries 144,721 109,317 There were no employees whose annual remuneration was more than £60,000. Taxation As 8 recognised charity, the company is exempt from Corporation T8x so far as il relales lo ils charitable objects. 11 is not, however. exempl from VAT, and irrecoverable VAT is included in the cost of those items to which il relates. 11
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tangible fixed assets Fixtures and fittings Computers Total Cost Al 1 January 2024 13.264 10,030 23,294 Al 31 December 2024 13,264 10.030 23,294 Depreciation and impairment Al 1 January 2024 Depreciation charged in the year 9,750 1,746 10,030 19,780 1,746 Al 31 December 2024 11,496 10,030 21,526 Carrylng amount Al 31 Dember 2024 1,768 1,768 At 31 December 2023 3,514 3,514 11 Stocks 2024 2023 Stocks 1,738 1,724 12 Debtors 2024 2023 Amount5 falling due within one year: Trade debtors Other debtors Prepayments 161 1,021 290 412 1,747 272 1,472 2,431 13 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals 2,554 461 3,191 864 2,322 337 3,623 816 7,070 7,098 12-
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended At31 December 2024 Enhancement Fund Special Project Diocese SHC Support Kitchen Project 2023 Barnwood Trust Hubbub Community Fridge Severn Trent Family Pantry 1,680 33,500 50,000 1420) 141,323) 150,000) 1,260 8,677 16,500 15,000 9,000 22,160 10,000 15,000 8,600 18,820 8,704 1400) {3,340) (1,296) 85,180 72,660 (96,7791 61,061 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 Enhancement Fund Special Project Diocese SHC Support Kitchen Project 2023 Jigsaw summer activities 2,100 (4201 1,680 33,500 50,000 33,500 50.000 1,280 {1,280> 2,100 84,780 11,7001 85,180 Transfers between funds Transfers are made between reslricled and unrestricted funds at the end of every accounting period in cases i) the activity of the reslricled fund has come lo an end and there is an unspent balance that is not repayable lo the funderls), when the surplus is transferred lo unreslricled funds,. or ii) the restricted fund is in deficit and has either come to an end or there is no prospect of a surplus in a later period, when the deficit is eliminated by transfer from unrestricted funds; or iii) income that is received in the restricted fund covers in part some of the costs in the unrestricted funds. Details of unrestricted funds: Kitchen Project 2023 Chellenham Borough Council awarded us £50k lo renovate the School House Cafe kitchen. Special Project - Diocese SHC Support Fund The Diocese of Gloucester awarded us £50k1£33.5k received so farl. This was to allow us lo employ two people for two years, whose job il is lo grow the use of the Cafe and to help manage the Cafe in order for it lo become financially sustainable 13
FRESH HOPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended At31 December 2024 General funds 1,925 165,608 (184,924) {17,3911 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 18,539 161,801 {178,415) 1,925 16 Related party transactlons In a previous period, Mr D Lynch, a director loaned the charity £3,191. The amount due lo the related party at the year end was £3,19112023- £3,191), this transaction look place on an arms-length basis and is repayable on demand. 14
Document Activity Report Document Sent Wed, 06 Aug 2025 15'.37.'45 GMT Document Activity History Document history shows most recent activity first Date Activity Tue, 19 Aug 2025 15'.37.'52 GMT David Philip Lynch Approved the document Mon, 11 Aug 2025 10'.25:08 GMT David Philip Lynch viewed the document Mon, 11 Aug 2025 10'.25:01 GMT David Philip Lynch viewed Ihe document Wed, 06 Aug 2025 15'.40:38 GMT Document Sent You can verily ihat this is a genuine Portal document by uploading it to the following secure web page: https."Ilbkplus.accountantspace.co.uklmessagesNerifyDocument