**COMPANY REGISTRATION NUMBER: 10112036 CHARITY REGISTRATION NUMBER: 1167762** 

## **Hope Ministries Cwmbran Company Limited by Guarantee Unaudited Financial Statements 30 April 2023** 

## **WALTER HUNTER & CO LIMITED** 

Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 30 April 2023** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**6**|
|Statement of financial activities (including income and||
|expenditure account)|**8**|
|Statement of financial position|**9**|
|Notes to the financial statements|**11**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**21**|
|Notes to the detailed statement of financial activities|**23**|





## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 30 April 2023** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2023. 

## **Reference and administrative details** 

Hope Ministries Cwmbran 

**Registered charity name Charity registration number** 1167762 **Company registration number** 10112036 **Principal office and registered** 24 Bridge Street **office** Newport South Wales NP20 4SF 

**The trustees** 

Rev P D Jenkins Mr J C Hannah Mrs D Parker (Resigned 2 July 2022) Mr R Haire (Resigned 2 July 2022) Mr I Siddall (Appointed 3 July 2022) **Independent examiner** Mr Jonathan Rhodes BSc BFP FCA 24 Bridge Street Newport South Wales NP20 4SF 

## **Structure, governance and management** 

The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the charity. New directors are recruited and appointed by a majority of the existing directors. 

The directors have established a management team which oversee finance, vision and strategy and the development of good processes and implementation of housing management. This includes ensuring that our supported housing project meets necessary standards and provides a good standard of accommodation that is suitable for our residents. 

**1** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **Objectives and activities** 

The charity is a charitable company and is governed by its memorandum and articles of association. The purposes of the charity are to advance health and relieve suffering in relation to offenders and ex-offenders, including but not limited to those affected by abuse of alcohol and other substances, by such charitable means as the directors in their absolute discretion think fit. 

## **Purposes and aims** 

The purpose and aim of our charity is to restore lives, restore families and restore communities. 

We achieve this by providing a structured supported housing program that offers both practical help and hope to individuals affected by substance or alcohol misuse. 

Our program also offers hope to families and in-turn, communities, by offering education and awareness to relieve community impact, due to drugs or alcohol misuse. 

## **Ensuring our work delivers its aims** 

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commissioners general guidance on public benefit when reviewing our aim 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. 

## **Focus of our work** 

Our main objectives for the period continued to be providing safe, quality provision of structured supported housing to enable people who want to recover from substance/alcohol misuse to discover the opportunity to walk into a new life filled with hope. 

 We focused on quality drug/alcohol support and knowledge which limits the harm which comes with drug/alcohol abuse, not only for the individual but also their family, friends and the wider community. 

 We focussed on quality drug/alcohol support and beyond to ensure every individual received a person-centred, quality service which met their agreed support needs. 

- We employed and brought in expert counsellors to ensure all support was tailored. 

- We operated to an exceptional standard, going above our work and ensure that all applicants to 

- our program were indeed suitable and a good fit for our work. 

- We shared our work at the Faith and Police conference during the period. 

 We worked with referral pathways nationwide to share and ensure our service-users had the best possible level of service both pre and post our service. This included post-residency support in many cases. 

- We worked in partnership with other agencies to ensure our service-users had the best possible 

**2** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 April 2023** 

level of service both pre and post our service. This included post-residency support in many cases. 

 We provided a high-quality, program to every resident, including counselling, work therapy, curriculum, educational opportunities and employability support. 

## **Achievements and performance** 

## Achievements during the period 

Hope Centre has achieved much in the period with more than 26 men and 19 women coming through our doors for residency on our program. We held a graduation where families, local charities, the police and other statutory services were invited to attend to celebrate the achievements of those graduating. 

Importantly, we have seen incredible growth in several graduates who are now working for the charity and helping lead us into the future seasons. We aim to develop graduates who share a passion for our work as they are excellently placed to understand the unique challenges our residents face. We are developing a bespoke training service to meet this need and will be looking for specific funding to help us achieve this aim. 

We were recognised by key contacts in the community who supported our work by attending our open-houses and also offering their skills and funding to help us develop. We are particularly thankful to our supporters for their generosity in helping us achieve our aims. 

We have continued to grow and develop our central services office to deal with central administration, grant funding, admissions and other policy based work. Investment into these areas has proved very valuable. We have begun to see the fruit of this with increased applications and more opportunities to partner with organisations around the nation. 

We continued to run "Family" days where we upskilled families with how to support their loved ones who found themselves in addiction. We also have a number of prominent lay-people who are able to deliver sessions to our residents and wider families. As the world changes and more and more people become "online" we want to do everything possible to continue to reach people through our work wherever they are. We developed our online presence on social media, utilising Eminent to run our social media presence. 

Waiting lists for our homes continue to grow and many applicants are desperate for a place in one of our homes. We actively sign-post where possible to other provision, but unfortunately there is still huge lack of provision nationally. 

**3** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 April 2023** 

We are building links with partner churches to open more Hope Centres across the UK. It is through quality partnerships that we can achieve the dream of ending addiction. 

We are of course, like most charities, are limited by funding, meaning many people that we would like to help simply have to wait for a sustained period to be offered a place. We owe much to our staff and volunteers who work tirelessly and with true compassion to help and aid as many people as possible in their journey of recovery. 

During the year, we continued to support 10 women at our Pontypool women's home. The need is great and we are looking to extend this provision, potentially by building on the adjoining land. 

We continued to offer family support to all of the families that took up the offer when their relatives were within our homes. Family support operates on a monthly basis and helps families understand the nature of drug/alcohol misuse and how they can be a support to their loved ones. 

We also saw growth in our volunteer base with more people from the community offering to take Bible studies, recovery sessions and help support our residents with employability and training needs. We continued to partner with local businesses and trusts to support our residents with relevant work therapy opportunities. We have developed links with other community based groups who have a passion to aid employability and facilitate opportunities for our residents. 

Special recognition and thanks goes to The Woodlands Trust, Victory Church Cwmbran, Compassion Church Bridgend, who have supported our work throughout the period. It is through these vital partners that we have been able to offer exceptional help that has resulted in many men, women and families finding hope and a future. 

We would also like to thank all our "Hope Givers" who have enabled our work by giving on a monthly basis to help us see lives changed. 

## **Future plans** 

Our aim is to develop a home in the Midlands region as identified in last years report. This is still a dream at present, but something that is very much on the agenda. 

We need to raise our financial support base to enable us to grow our work and offer more opportunities to our residents. 

We aim to develop stronger links with the recovery community in the areas that we work, as well as with local churches and charities who desire to see social change in the area of addiction. 

## **Financial review** 

During the year income increased by £17,011, to £369,912, and expenditure increased by £17,287, to £385,108.  As a result there was a deficit for the year of £15,196 (2022: deficit £14,920).  Net assets at the end of the year were £54,743 (2022: £69,939) and net current assets were £35,611. Having considered future plans and projections the Trustees are confident that the charity remains a going concern. 

**4** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on 31 January 2024 and signed on behalf of the board of trustees by: 

Rev P D Jenkins Trustee 

**5** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Hope Ministries Cwmbran** 

## **Year ended 30 April 2023** 

I report to the trustees on my examination of the financial statements of Hope Ministries Cwmbran ('the charity') for the year ended 30 April 2023. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 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. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

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

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

**6** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Hope Ministries Cwmbran** 

_**(continued)**_ 

## **Year ended 30 April 2023** 

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. 

Mr Jonathan Rhodes BSc BFP FCA Independent Examiner 

24 Bridge Street Newport South Wales NP20 4SF 

31 January 2024 

**7** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 30 April 2023** 

||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|52,532|–|52,532|72,934|
|Charitable activities|**6**|317,339|–|317,339|279,967|
|Investment income|**7**|41|–|41|–|
|||`─────────`|`────`|`─────────`|`─────────`|
|**Total income**||369,912|–|369,912|352,901|
|||`═════════`|`════`|`═════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**8,9**|385,050|58|385,108|367,821|
|||`─────────`|`────`|`─────────`|`─────────`|
|**Total expenditure**||385,050|58|385,108|367,821|
|||`═════════`|`════`|`═════════`|`═════════`|
|||`─────────`|`────`|`─────────`|`─────────`|
|**Net expenditure and net movement**|**in**|||||
|**funds**||(15,138)|(58)|(15,196)|(14,920)|
|||`═════════`|`════`|`═════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||69,881|58|69,939|84,859|
|||`─────────`|`────`|`─────────`|`─────────`|
|**Total funds carried forward**||54,743|–|54,743|69,939|
|||`═════════`|`════`|`═════════`|`═════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 11 to 19 form part of these financial statements.** 

**8** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **30 April 2023** 

|||**2023**|2022|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**15**|259,132|285,004|
|**Current assets**||||
|Debtors|**16**|–|3,927|
|Cash at bank and in hand||38,809|22,739|
|||`────────`|`────────`|
|||38,809|26,666|
|**Creditors: amounts falling due within one year**|**17**|3,198|1,731|
|||`────────`|`────────`|
|**Net current assets/(liabilities)**||35,611|24,935|
|||`─────────`|`─────────`|
|**Total assets less current liabilities**||294,743|309,939|
|**Creditors: amounts falling due after more than one year**|**18**|240,000|240,000|
|||`─────────`|`─────────`|
|**Net assets**||54,743|69,939|
|||`═════════`|`═════════`|
|**Funds of the charity**||||
|Restricted funds||–|58|
|Unrestricted funds||54,743|69,881|
|||`────────`|`────────`|
|**Total charity funds**|**20**|54,743<br>`════════`|69,939<br>`════════`|



For the year ending 30 April 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

## The statement of financial position continues on the following page. 

**The notes on pages 11 to 19 form part of these financial statements.** 

**9** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** _**(continued)**_ 

## **30 April 2023** 

These financial statements were approved by the board of trustees and authorised for issue on 31 January 2024, and are signed on behalf of the board by: 

Rev P D Jenkins Trustee 

**The notes on pages 11 to 19 form part of these financial statements.** 

**10** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 30 April 2023** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 24 Bridge Street, Newport, South Wales, NP20 4SF. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. At the year end there are no restricted funds. Designated funds are unrestricted funds earmarked by the trustees for particular future project or committment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**11** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

**12** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Freehold property - 2% p.a. straight line Fixtures and fittings - 20% p.a. straight line Motor vehicles - 25% p.a. straight line Improvements to property - 25% p.a. straight line 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

## **4. Limited by guarantee** 

Each member of the company has agreed that in the event of a winding up they will contribute an amount not exceeding £1 towards any shortfall. 

There are 3 members of the company (2021: 4 members). 

**13** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **5. Donations and legacies** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|**Donations**||||
|Donations|28,305|–|28,305|
|Gift Aid|–|–|–|
|**Grants**||||
|Grants receivable|8,102|–|8,102|
|Grants receivable Clarence Villa Garden|16,125|–|16,125|
||`────────`|`────`|`────────`|
||52,532|–|52,532|
||`════════`|`════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|**Donations**||||
|Donations|49,637|–|49,637|
|Gift Aid|2,300|–|2,300|
|**Grants**||||
|Grants receivable|12,497|8,500|20,997|
|Grants receivable Clarence Villa Garden|–|–|–|
||`────────`|`───────`|`────────`|
||64,434|8,500|72,934|
||`════════`|`═══════`|`════════`|



## **6. Charitable activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Housing Benefit|292,857|292,857|247,133|247,133|
|Social Pay|24,482|24,482|32,834|32,834|
||`─────────`|`─────────`|`─────────`|`─────────`|
||317,339|317,339|279,967|279,967|
||`═════════`|`═════════`|`═════════`|`═════════`|



## **7. Investment income** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Bank interest receivable|41|41|–|–|
||`════`|`════`|`════`|`════`|



**14** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **8. Expenditure on charitable activities by fund type** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Cwmbran Fund|132,833|–|132,833|
|Pontypool Fund|86,288|–|86,288|
|Bridgend Fund|48,181|–|48,181|
|Central Fund|81,336|–|81,336|
|National Lottery - Kitchen|–|58|58|
|Clarence Villa Garden|14,335|–|14,335|
|Support costs|22,077|–|22,077|
||`─────────`|`────`|`─────────`|
||385,050|58|385,108|
||`═════════`|`════`|`═════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Cwmbran Fund|145,541|–|145,541|
|Pontypool Fund|96,940|–|96,940|
|Bridgend Fund|48,488|–|48,488|
|Central Fund|50,244|–|50,244|
|National Lottery - Kitchen|–|8,442|8,442|
|Clarence Villa Garden|–|–|–|
|Support costs|18,166|–|18,166|
||`─────────`|`───────`|`─────────`|
||359,379|8,442|367,821|
||`═════════`|`═══════`|`═════════`|



## **9. Expenditure on charitable activities by activity type** 

||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly|Support costs|**2023**|2022|
||£|£|**£**|£|
|Cwmbran Fund|132,833|<br>119|132,952|145,640|
|Pontypool Fund|86,288|<br>12,804|99,092|107,860|
|Bridgend Fund|48,181|<br>109|48,290|48,590|
|Central Fund|81,336|<br>9,045|90,381|57,289|
|National Lottery - Kitchen|58|<br>–|58|8,442|
|Clarence Villa Garden|14,335|<br>–|14,335|–|
||`─────────`|<br>`────────`|`─────────`|`─────────`|
||363,031|<br>22,077|385,108|367,821|
||`═════════`|<br>`════════`|`═════════`|`═════════`|



**15** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **10. Analysis of support costs** 

||Analysis of|<br>Analysis of|||
|---|---|---|---|---|
||support costs|<br>support costs|||
||activity 1|<br>activity 2|**Total 2023**|Total 2022|
||£|£|**£**|£|
|Finance costs|13,746|<br>–|13,746|11,517|
|Governance costs|6,893|<br>1,437|8,330|6,649|
||`────────`|<br>`───────`|`────────`|`────────`|
||20,639|<br>1,437|22,076|18,166|
||`════════`|<br>`═══════`|`════════`|`════════`|



## **11. Net expenditure** 

Net expenditure is stated after charging/(crediting): 

|Net expenditure is stated after charging/(crediting):|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Depreciation of tangible fixed assets|25,939<br>`════════`|25,939<br>`════════`|



## **12. Independent examination fees** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,730<br>`═══════`|1,600<br>`═══════`|



## **13. Staff costs** 

|The total staff costs and employee benefits for the reporting period are analysed as|The total staff costs and employee benefits for the reporting period are analysed as|follows:|
|---|---|---|
||**2023**|2022|
||**£**|£|
|Wages and salaries|121,055|113,904|
|Social security costs|5,336|6,493|
|Employer contributions to pension plans|2,613|3,221|
||`─────────`|`─────────`|
||129,004|123,618|
||`═════════`|`═════════`|



The average head count of employees during the year was 7 (2022: 8). The average number of full-time equivalent employees during the year is analysed as follows: 

||**2023**|2022|
|---|---|---|
||**No.**|No.|
|Number of staff - Management|2|3|
|Number of staff - Support|3|3|
||`────`|`────`|
||5|6|
||`════`|`════`|



No employee received employee benefits of more than £60,000 during the year (2022: Nil). 

**16** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **14. Trustee remuneration and expenses** 

No remuneration or expenses or other benefits from employment with the charity or a related entity were received by the trustees. 

## **15. Tangible fixed assets** 

|||||Improvemen||
|---|---|---|---|---|---|
||Freehold|Fixtures and|Motor|<br>ts to||
||property|<br>fittings|vehicles|<br>Property|**Total**|
||£|£|£|£|**£**|
|**Cost**||||||
|At 1 May 2022|265,595|<br>73,856|3,600|<br>–|343,051|
|Additions|–|<br>–|–|<br>19,892|19,892|
||`─────────`|<br>`────────`|`───────`|<br>`────────`|`─────────`|
|**At 30 April 2023**|265,595|<br>73,856|3,600|<br>19,892|362,943|
||`═════════`|<br>`════════`|`═══════`|<br>`════════`|`═════════`|
|**Depreciation**||||||
|At 1 May 2022|10,624|<br>55,476|1,860|<br>9,912|77,872|
|Charge for the year|5,312|<br>14,771|900|<br>4,956|25,939|
||`─────────`|<br>`────────`|`───────`|<br>`────────`|`─────────`|
|**At 30 April 2023**|15,936|<br>70,247|2,760|<br>14,868|103,811|
||`═════════`|<br>`════════`|`═══════`|<br>`════════`|`═════════`|
|**Carrying amount**||||||
|**At 30 April 2023**|249,659|<br>3,609|840|<br>5,024|259,132|
||`═════════`|<br>`════════`|`═══════`|<br>`════════`|`═════════`|
|At 30 April 2022|254,971|<br>18,380|1,740|<br>(9,912)|265,179|
||`═════════`|<br>`════════`|`═══════`|<br>`════════`|`═════════`|
|**Debtors**||||||
|||||**2023**|2022|
|||||**£**|£|
|Other debtors||||–|3,927|
|||||`════`|`═══════`|
|**Creditors:** **amounts falling due**|**within one**|**year**||||
|||||**2023**|2022|
|||||**£**|£|
|Trade creditors||||2,477|156|
|Accruals and deferred income||||721|800|
|Pension||||–|177|
|Other creditors||||–|598|
|||||`───────`|`───────`|
|||||3,198|1,731|
|||||`═══════`|`═══════`|
|**Creditors:** **amounts falling due**|**after more**|**than one year**||||
|||||**2023**|2022|
|||||**£**|£|
|Bank loans and overdrafts||||240,000|240,000|
|||||`═════════`|`═════════`|



## **16. Debtors** 

## **17. Creditors: amounts falling due within one year** 

## **18. Creditors: amounts falling due after more than one year** 

**17** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **19. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,613 (2022: £3,221). 

## **20. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At||||**At**|
||1 May 2022|Income|Expenditure|<br>**30 April 2023**||
||£|£|£||£|
|General funds|66,881|369,912|(385,050)||<br>51,743|
|Designated Fund - Phillipines Project|3,000|–|–||3,000|
||`────────`|`─────────`|`─────────`||`────────`|
||69,881|369,912|(385,050)||<br>54,743|
||`════════`|`═════════`|`═════════`||`════════`|
||At||||At|
||1 May 2021|Income|Expenditure||30 April 2022|
||£|£|£||£|
|General funds|81,859|344,401|(359,379)||<br>66,881|
|Designated Fund - Phillipines Project|3,000|–|–||3,000|
||`────────`|`─────────`|`─────────`||`────────`|
||84,859|344,401|(359,379)||<br>69,881|
||`════════`|`═════════`|`═════════`||`════════`|
|**Restricted funds**||||||
||At||||**At**|
||1 May 2022|Income|Expenditure|<br>**30 April 2023**||
||£|£|£||£|
|National Lottery - Kitchen|58|–|(58)||<br>–|
||`════`|`════`|`════`||`════`|
||At||||At|
||1 May 2021|Income|Expenditure||30 April 2022|
||£|£|£||£|
|National Lottery - Kitchen|–|8,500|(8,442)||<br>58|
||`════`|`═══════`|`═══════`||`════`|



**18** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 April 2023** 

## **21. Analysis of net assets between funds** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2023**|
||£|**£**|
|Tangible fixed assets|259,132|259,132|
|Current assets|35,611|35,611|
|Creditors greater than 1 year|(240,000)|<br>(240,000)|
||`─────────`|`─────────`|
|**Net assets**|54,743|54,743|
||`═════════`|`═════════`|
||Unrestricted|Total Funds|
||Funds|2022|
||£|£|
|Tangible fixed assets|285,004|285,004|
|Current assets|24,935|24,935|
|Creditors greater than 1 year|(240,000)|<br>(240,000)|
||`─────────`|`─────────`|
|**Net assets**|69,939|69,939|
||`═════════`|`═════════`|



## **22. Related parties** 

As at 30th April 2023 the charity owed Mr P Jenkins £200,000 (2022: £200,000). This amount was lent by Mr Jenkins for the purchase of Clarence Villa, Pontypool. 

As at 30th April 2023 the charity owed Woodland Trust £40,000 (2022: £40,000). This amount was lent by Woodland Trust for the purchase of Clarence Villa, Pontypool. 

**19** 



**Hope Ministries Cwmbran** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 30 April 2023** 

**The following pages do not form part of the financial statements.** 

**20** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 30 April 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|28,305|49,637|
|Gift Aid|–|2,300|
|Grants receivable|8,102|20,997|
|Grants receivable Clarence Villa Garden|16,125|–|
||`────────`|`────────`|
||52,532|72,934|
||`────────`|`────────`|
|**Charitable activities**|||
|Housing Benefit|292,857|247,133|
|Social Pay|24,482|32,834|
||`─────────`|`─────────`|
||317,339|279,967|
||`─────────`|`─────────`|
|**Investment income**|||
|Bank interest receivable|41|–|
||`────`|`────`|
||`─────────`|`─────────`|
|**Total income**|369,912|352,901|
||`═════════`|`═════════`|



**21** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** _**(continued)**_ 

## **Year ended 30 April 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Purchases|46,368|37,420|
|Closing stock|–|(49)|
|Wages and salaries|121,055|113,904|
|Employer's NIC|5,336|6,493|
|Pension costs|2,613|3,221|
|Rent|27,570|20,760|
|Rates and water|11,263|11,260|
|Light and heat|11,443|10,234|
|Repairs and maintenance|38,547|40,942|
|Insurance|6,949|3,668|
|Other motor/travel costs|21,919|16,840|
|Legal and professional fees|6,301|1,385|
|Telephone|9,104|9,299|
|Other office costs|4,233|13,224|
|Depreciation|25,939|25,939|
|Interest on bank loans and overdrafts|12,804|10,804|
|Other interest payable and similar charges|1,127|713|
|DetailedSOFAExpenditureOnCharitableActivitiesType2H|1,724|277|
|DetailedSOFAExpenditureOnCharitableActivitiesType3H|19,060|12,383|
|DetailedSOFAExpenditureOnCharitableActivitiesType4H|–|3,408|
|DetailedSOFAExpenditureOnCharitableActivitiesType5H|11,753|25,598|
||`─────────`|`─────────`|
||385,108|367,821|
||`─────────`|`─────────`|
||`─────────`|`─────────`|
|**Total expenditure**|385,108|367,821|
||`═════════`|`═════════`|
||`─────────`|`─────────`|
|**Net expenditure**|(15,196)|(14,920)|
||`═════════`|`═════════`|



**22** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 30 April 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Cwmbran Fund**|||
|**_Activities undertaken directly_**|||
|Cwmbran - purchases|19,302|14,980|
|Cwmbran - wages/salaries|46,228|56,216|
|Cwmbran - employer's NIC|2,850|4,005|
|Cwmbran - pension costs|1,247|1,673|
|Cwmbran - rent|21,570|20,760|
|Cwmbran - rates & water|6,045|6,537|
|Cwmbran - light & heat|6,262|7,108|
|Cwmbran - repairs & maintenance|10,517|8,814|
|Cwmbran - insurance|–|486|
|Cwmbran - other motor/travel costs|8,127|5,535|
|Cwmbran - legal and professional fees|498|318|
|Cwmbran - telephone|2,431|3,304|
|Cwmbran - other office costs|156|2,612|
|Direct charitable activity 1 - depreciation|6,942|6,942|
|Cwmbran - other expenses|36|25|
|Cwmbran - Counselling/curriculum|622|2,818|
|Cwmbran - other staff costs|–|3,408|
||`─────────`|`─────────`|
||132,833|145,541|
||`─────────`|`─────────`|
|**_Support costs_**|||
|Support charitable activity 1 - other interest payable and similar charges|119|99|
||`────`|`────`|
|**Pontypool Fund**|||
|**_Activities undertaken directly_**|||
|Pontypool - purchases|11,319|9,490|
|Direct charitable activity 2 - closing stock|–|49|
|Pontypool - wages/salaries|36,372|39,469|
|Pontypool - employer's NIC|1,895|1,886|
|Pontypool - pension costs|943|1,036|
|Pontypool - rates & water|2,775|2,544|
|Pontypool - light & heat|859|–|
|Pontypool - repairs & maintenance|7,106|18,362|



Carried forward 

`──────── ────────` 61,269 72,836 

**23** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** _**(continued)**_ 

## **Year ended 30 April 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Brought forward|61,269|72,836|
|Pontypool - other motor/travel costs|5,173|3,270|
|Direct charitable activity 2 - legal and professional fees|159|665|
|Pontypool - telephone|5,325|2,988|
|Pontypool - other office costs|387|1,068|
|Direct charitable activity 2 - depreciation|12,968|12,968|
|Direct charitable activity 2 - other interest payable and similar charges|185|–|
|Pontypool - other expenses|103|–|
|Pontypool - Counselling/curriculum|719|3,145|
||`────────`|`────────`|
||86,288|96,940|
||`────────`|`────────`|
|**_Support costs_**|||
|Support charitable activity 2 - interest on bank loans and overdrafts|12,804|10,804|
|Support charitable activity 2 - other interest payable and similar charges|–|116|
||`────────`|`────────`|
||12,804|10,920|
||`────────`|`────────`|
|**Bridgend Fund**|||
|**_Activities undertaken directly_**|||
|Bridgend - purchases|9,243|6,948|
|Bridgend - wages/salaries|13,083|13,200|
|Bridgend - employer's NIC|591|602|
|Bridgend - pension costs|301|396|
|Bridgend - rent|6,000|–|
|Bridgend - rates & water|2,443|2,179|
|Bridgend - light & heat|3,535|3,126|
|Bridgend - repairs & maintenance|3,013|3,477|
|Bridgend - other motor/travel costs|1,534|1,582|
|Bridgend - legal and professional fees|159|232|
|Bridgend - telephone|955|1,188|
|Bridgend - other office costs|190|6,754|
|Direct charitable activity 4 - depreciation|6,029|6,029|
|Bridgend - other expenses|1,019|–|
|Bridgend - Counselling/cirriculum|86|2,775|
||`────────`|`────────`|
||48,181|48,488|
||`────────`|`────────`|
|**_Support costs_**|||
|Support charitable activity 4 - other interest payable and similar charges|109|102|
||`────`|`────`|
|**Central Fund**|||
|**_Activities undertaken directly_**|||
|General Fund - Central - purchases|5,066|6,002|
|General Fund - Central - wages/salaries|25,372|5,019|
|General Fund - Central - pension costs|122|116|
|General Fund - Central - light & heat|787|–|
|General Fund - Central - repairs & maintenance|3,518|1,847|
|General Fund - Central - insurance|6,949|3,182|
||`────────`|`────────`|
|Carried forward|41,814|16,166|



**24** 



## **Hope Ministries Cwmbran** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** _**(continued)**_ 

## **Year ended 30 April 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Brought forward|41,814|16,166|
|General Fund - Central - other motor/travel costs|7,085|6,453|
|General Fund - Central - legal and professional fees|5,485|170|
|General Fund - Central - telephone|393|1,819|
|General Fund - Central - other office costs|3,500|2,790|
|General Fund - Central - other expenses|566|252|
|General Fund - Central - counselling/curriculum|17,633|3,645|
|General Fund - Central - other type 4|4,860|18,949|
||`────────`|`────────`|
||81,336|50,244|
||`────────`|`────────`|
|**_Support costs_**|||
|Support charitable activity 6 - purchases|1,438|–|
|Support charitable activity 6 - other interest payable and similar charges|714|396|
|General Fund - Central - Accountancy|6,893|6,649|
||`───────`|`───────`|
||9,045|7,045|
||`───────`|`───────`|
|**National Lottery - Kitchen**|||
|**_Activities undertaken directly_**|||
|National Lottery - Kitchen - repairs & maintenance|58|8,442|
||`────`|`───────`|
|**Clarence Villa Garden**|||
|**_Activities undertaken directly_**|||
|Clarence Villa Garden - repairs & maintenance|14,335|–|
||`────────`|`────`|
||`─────────`|`─────────`|
|**Expenditure on charitable activities**|385,108|367,821|
||`═════════`|`═════════`|



**25**