2022-03-31-accounts - Hope Into Action: Reading

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HOPE INTO ACTION READING

TRUSTEES'/DIRECTOR’S REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Company Registration No. 09358716 (England and Wales)

Charity Registration No. 1175092

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

CONTENTS	Page
Reference and Administrative Details	3
Objectives And Activities	4
Achievements and Performance	4
Future Plans	4
Financial Review, Risk and Reserves Policy	5
Structure, Governance And Management	6
Independent Examiner’s Report	7
Statement Of Financial Activities	8
Balance Sheet 31 March 2022	10
Note 1 Basis Of Preparation	12
Note 2 Accounting Policies	12
Note 3 Analysis Of Income	13
Note 4 Analysis Of Expenditure	14
Note 5 - 7 Debtors, Creditors, Fixed Assets	15
Note 8 Charity Funds	16

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name:	HOPE INTO ACTION READING	HOPE INTO ACTION READING
Charity registration number:	1175092
Company number:	09358716
		Appointment Date
Trustee / Director:	Dr Richard Croft (chair)	10.12.17
	Mrs Susan Ralph	30.09.18
	Mrs Mary Langshaw	25.06.19
	Mrs Lorna Shepherd	17.05.21
Franchise Manager	Mary Lewis	01.01.21
Franchise Holder	Hope into Action UK
	(formerly Hope into Action:	East of England).
Bankers	Barclays Bank
Independent Examiner	Mr Mervyn Thomas

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

OBJECTIVES AND ACTIVITIES

The Charity’s objectives are for the public benefit and are specifically to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods, or services of any kind, including the provision of accommodation in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

Hope into Action: Reading (HiAR) is a Christian housing charity with the objective of breaking the cycle of housing poverty in Reading. HiAR is a franchise of Hope into Action UK (formerly Hope into Action East of England) (see section on Structure and Governance). We enable churches to provide homes for those who find themselves without a home. In the period covered by this report, we maintained three houses. The tenants have been supported by paid ‘Empowerment Workers’ (EWs) who keep the tenants focused on maintaining their tenancy, building networks of support around them, accessing public funds, and, if applicable, maintaining employment.

Each house is also partnered with a local church providing a team of volunteers, the ‘Friendship and Support (F&S) team’ who befriend the tenants and help in the process of widening their social network. The EWs and F&S team meet with the tenants on a weekly basis, sometimes more often.

The tenants are provided with support in the following areas: maintaining their tenancy; recidivistic behaviors; substance misuse, addiction, recovery and self-harming; physical health in relation to doctors’ appointments, general health, and well-being; mental health and wellbeing including confidence and selfesteem as well as more pronounced mental health issues; encouraging them to get involved in volunteering and social activities; education, employment and training appropriate to the individual; improving family relationships where they have broken down; finance, budgeting, and debt assistance.

HiAR provides housing by finding people who are prepared to invest sums of money in buying a house which is then leased to the charity. The investors receive a small return on their investment (2%) which they receive monthly or quarterly.

ACHIEVEMENTS AND PERFORMANCE

The last year has seen a return to normal working practices as the Covid-19 pandemic and accompanying restrictions wound down. The first half of the year involved a lot of hard work and the excitement of managing the HiAR third house project. The purchase completed at the end of September 2021, followed by the refurbishment to prepare the house for HiAR tenants. In December 2021, HiAR was able to open its third house for homeless men. Since then, the house has been occupied by 1 tenant with complex physical and mental health support needs.

The women’s house has operated at full capacity (3 women + 1 child) for the majority of the year, as has the other men’s house (4 men). Both of the men’s houses are well supported by English Martyrs, St James and St William of York Roman Catholic churches; and the women’s house by St John & St Stephen’s Anglican church.

The year has also been one of change for the staff of HiAR. Mary Lewis took up her post as Franchise Lead in January 2021. Marta Gibas was appointed as an EW in August 2021 and Louise Cross left her post as EW in September 2021. Mary and Marta work hard to support the residents, helping them into new accommodation as that becomes possible.

FUTURE PLANS

We hope that in the next year – or maybe in the one after that – we can open another house and employ another EW as the work expands. Negotiations have opened with another church in Reading who are redeveloping their site, including plans to build housing for the homeless on the site, which they have earmarked for HiAR residents.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

FINANCIAL REVIEW

In the prior year, HiAR’s income was significantly boosted by grant funding, the majority attracted thanks to the input of a professional fundraiser employed for a one-off exercise. In the current year ended 31 March 2022, a similar exercise was not carried out as funds from the previous exercise were still being utilised. This is the main contributing factor as to why, in the current year, the charity’s expenditure has exceeded its income.

Rental income in the current year has increased from the prior year as a result of a 3[rd] house opening and the other houses being at full occupancy for the majority of the year.

In terms of expenditure, some costs for HiAR have increased in the current year due to the opening of the 3[rd] house, such as interest paid to investors (‘Investors’ return’) and property costs such as council tax and water rates. However there have been fewer property repair and maintenance issues in the current year, resulting in lower costs than the prior year.

In addition, HiAR have been able to recover some debts that were written off at the prior year end. The debtor's policy has been revised to write off debtors older than 90 days unless there is a payment plan in place to collect the debts.

Another major fundraising exercise is planned to secure more grant funding in the next financial year.

RISK AND RESERVES POLICY

In relation to risk and risk management, policies and procedures are in place to manage risk. Logs are maintained in order to record any incidents that may present a risk to the organisation and how risk is being managed.

Operating policies and procedures are in place for Continuity of Operations; Safeguarding; Critical Incidents and Sudden Death; First Aid incidents; Data Protection Breaches; Staff Training and HR.

In the event of major incidents, the Executive Director/Franchise Manager liaises with the Chair of Trustees who keeps the board informed of ongoing developments. Discussions take place to learn from the experience and to do things differently where required. Written reports are made of all major incidents, subsequent discussions, policy changes as a result, and amended practices.

Our reserves policy is not to hold more than 3 months’ worth of charitable expenditure in reserve unless there are specific requirements for so doing. The Trustees continue to hold a designated fund to enable the purchase and or development of housing stock.

In addition, another designated fund has been set up in the current year. ‘Donations’ of £9,348 from the investors of the 3[rd] house have been allocated to this fund as they are made with the specific purpose of covering the set-up costs of the house. Hope into Action Reading have paid the set-up costs of the house using these designated funds on behalf of the investors. The balance at year end in this fund would normally be zero unless investors make advance donations to cover other future expected costs related to the house.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

STRUCTURE, GOVERNANCE, AND MANAGEMENT

The organisation is governed by Articles of Association and is constituted as a Charitable Company (limited by guarantee). It is overseen by a board of trustees who are self-appointed.

Current and any new trustees are referred to guidance from the Charity Commission on their website under the heading of “Trustee Role and Board”. The trustees have developed an induction pack that includes guidance from the charity commission, information about the charity itself including a section on the vision of the charity and how the organisational structure, business/growth plan, and marketing/fundraising plans all serve the vision of the organisation.

Current trustees all have experience of being on boards of either companies or charities and substantial experience in their respective fields and capacities within which they act as trustees of the charity. There is also support available to the trustees from HIA’s national operation.

In terms of the charity’s organisational structure, during the period covered by this report, the charity was managed by Mary Lewis as the Franchise Manager. The Empowerment Workers work directly with the residents under the supervision of the Franchise Manager who reports to the Trustees.

Hope into Action: Reading is a full franchisee of Hope into Action UK (formerly Hope into Action: East of England). The franchisor updates the Hope into Action model on a regular basis to keep it in line with best practice, legislation and to continually improve on the methods employed to achieve the best outcomes possible. Regular training advice and assistance are offered by way of away days, quality franchise assessments, and an annual two-day retreat.

Whilst there is a requirement to maintain the core elements of the Hope into Action model as part of being a franchisee, Hope into Action: Reading is free as an independent organisation to adapt the model to local circumstances and requirements. The trustees take this responsibility seriously and are keen to ensure that the charity implements the model faithfully since it has been demonstrated that it works but also to make sure that there is also an aspect of local expression and development.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Dr Richard Croft (chair) (Appointed 10.12.17) Dr Pamela Ward (Resigned 23.02.21) Mrs Susan Ralph (Appointed 30.09.18) Mrs Mary Langshaw (Appointed 25.06.19) Mrs Lorna Shepherd (Appointed 17.05.21)

The Trustees’ report was approved by the Board of Trustees.

SIGNED ON BEHALF OF THE TRUSTEES SRRalph Susan Ralph (Trustee) 21/12/2022

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

INDEPENDENT EXAMINER’S REPORT

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 as set out on pages 8 - 16

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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

the accounts have not been prepared in accordance with the Charities SORP (FRS102).

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.

Signed: Mervyn Thomas Dated: December 21st 2022

Address: 128 Putnoe Lane, Bedford, MK41 8LS

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31st March 2022 Notes Unrestricted Designated Categories by activity £ £ Incoming resources Donations and Legacies 3 7,603 9,348 Grants 3 - - Incoming resources from charitable activities 3 55,237 - Total Incoming Resources 62,840 9,348 Resources expended Costs of Generating Funds 4 75 - Charitable activities 4 72,010 9,348 Governance costs 4 200 - Total resources expended 72,285 9,348 Net incoming/(outgoing) resources (9,445) - Transfers between funds - - Net movement in funds (9,445) - Total funds brought forward 20,182 28,000 Total funds carried forward 10,737 28,000	For the year ended 31st March 2022 Notes Unrestricted Designated Categories by activity £ £ Incoming resources Donations and Legacies 3 7,603 9,348 Grants 3 - - Incoming resources from charitable activities 3 55,237 - Total Incoming Resources 62,840 9,348 Resources expended Costs of Generating Funds 4 75 - Charitable activities 4 72,010 9,348 Governance costs 4 200 - Total resources expended 72,285 9,348 Net incoming/(outgoing) resources (9,445) - Transfers between funds - - Net movement in funds (9,445) - Total funds brought forward 20,182 28,000 Total funds carried forward 10,737 28,000	Total 2022 £ 16,951 - 55,237	Total 2021 £ 3,509 52,850 48,537	Total 2021 £ 3,509 52,850 48,537
	9,348
62,840		72,188	104,896


	-
75		75		2,500
	9,348
72,010		81,358		93,573
	-
200		200		200
	9,348
72,285		81,633		96,273
	-
(9,445)		(9,445)		8,623
	-
-		-		-
	-
(9,445)		(9,445)		8,623
		48,182 38,737
20,182				39,559

10,737				48,182

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

Comparative Financial Statement for the year ended 31[st] March 2021

Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559	Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559	Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559	Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559	Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559	Notes Unrestricted Funds Designated Funds Total to March 31 2021 Total to March 31 2020 Categories by activity £ £ £ £ Incoming resources Donations and Legacies 3 56,359 - 56,359 8,675 Incoming resources from charitable activities 3 48,537 - 48,537 55,621 Total Incoming Resources 104,896 - 104,896 64,296 Resources expended Costs of Generating Funds 4 2,500 - 2,500 3,802 Charitable activities 4 93,573 - 93,573 48,005 Governance costs 4 200 - 200 160 Total resources expended 96,273 - 96,273 51,967 Net incoming/(outgoing) resources before other recognised gains/(losses) 8,623 - 8,623 12,329 Transfers between funds (10,000) 10,000 - Net movement in funds (1,377) 10,000 8,623 12,329 Total funds brought forward 21,559 18,000 39,559 27,230 Total funds carried forward 20,182 28,000 48,182 39,559
104,896		-	104,896		64,296
		- - -		2,500 93,573 200

	2,500				3,802

	93,573				48,005

	200				160
	96,273	-		96,273	51,967

	8,623	-		8,623	12,329

		10,000		-

	(1,377)	10,000		8,623	12,329

	21,559	18,000 28,000		39,559 48,182	27,230

	20,182				39,559

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

BALANCE SHEET 31[st] March 2022

For the year ended 31st March 2022 Categories by activity Fixed Assets Tangible assets Total Fixed Assets Cash at bank and in hand Debtors	Notes 7 5	Unrestricted £ 494 494 5,534 9,313	Designated £ - - 28,000 -	Total 2022 £ 494 494 33,534 9,313	Total 2021 £ 741 741 48,706 -
Total current assets		14,847	28,000	42,847	48,706
Creditors:amounts falling due within one year	6	(4,604)	-	(4,604)	(1,265)
Net current assets/(liabilities)					47,441
		10,243	28,000	38,243
Total Net Assets /(Liabilities)		10,737	28,000	38,737	48,182

Funds of the Charity
Unrestricted funds					20,182
		10,737	-	10,737
Designated Funds					28,000
		-	28,000	28,000
Total funds					48,182
		10,737	28,000	38,737

Signed on behalf of the trustees:

SRRalph

Susan Ralph Dated: 21/12/2022

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

Comparative BALANCE SHEET at 31st March 2021

Fixed Assets Tangible assets Total Fixed Assets Cash at bank and in hand Debtors	Notes Unrestricted Funds Designated Funds Total to March 31, 2021 £ £ £ 7 741 - 741 741 - 741 20,706 28,000 48,706 5 - - -	Notes Unrestricted Funds Designated Funds Total to March 31, 2021 £ £ £ 7 741 - 741 741 - 741 20,706 28,000 48,706 5 - - -	Notes Unrestricted Funds Designated Funds Total to March 31, 2021 £ £ £ 7 741 - 741 741 - 741 20,706 28,000 48,706 5 - - -	Notes Unrestricted Funds Designated Funds Total to March 31, 2021 £ £ £ 7 741 - 741 741 - 741 20,706 28,000 48,706 5 - - -	Total to March 31, 2020 £ - - 23,634 16,613
Total current assets					40,247
		20,706	28,000	48,706
Creditors:amounts falling due within one year	6	(1,265)	-	(1,265)	(688)
Net current assets/(liabilities)					39,559
		19,441	28,000	47,441
Total Net Assets /(Liabilities)					39,559
		20,182	28,000	48,182

Funds of the Charity

Unrestricted funds		20,182	-	20,182	21,559
Designated Funds					18,000
		-	28,000	28,000


Total funds					39,559
		20,182	28,000	48,182

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

NOTE 1 BASIS OF PREPARATION

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102 and The Charity Commission of England and Wales.

1.2 Going concern

The charity is a going concern as adequate reserves are maintained at all times.

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.3 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

1.4 Material prior year errors

No material prior year errors have been identified in the reporting period (3.47 FRS 102 SORP).

NOTE 2 ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice: applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 April 2016.

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern due to the amount of cash held in comparison to annual expenditure. There have been no changes in the accounting policies during the year.

Donations, Legacies, and Similar Incoming Resources

These are included in the Statement of Financial activities when: the charity becomes entitled to the donation, legacy, or similar income and any conditions for receipt are met; the trustees are reasonably certain they will receive it, and the trustees are reasonably certain that the value can be reliably measured.

Tax Reclaims on Donations and Gifts

Incoming resources from tax claims are included in the Statement of Financial activities at the time of receipt as this is considered to be the only time at which the trustees can be certain that it will be received.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

Liability Recognition

Generally, liabilities are recognized as soon as there is a legal or constructive obligation committing the charity to the expenditure.

Pension Costs

The trust contributes to the personal pension schemes of staff members. Contributions payable are charged as expenditure in the period to which they relate.

Fund accounting

General funds are unrestricted funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Designated funds are discretionary funds established by the trustees for specific purposes.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.

Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

NOTE 3 ANALYSIS OF INCOME

Unrestricted Designated Total Funds Funds Donations and Grants £ £ Donations 7,603 9,348 Grants - - Total Donations 7,603 9,348 Charitable activities: Rental Income 53,921 - Other Income relating to property 1,313 - Interest 3 - Total Charitable activities 55,237 -	Unrestricted Designated Total Funds Funds Donations and Grants £ £ Donations 7,603 9,348 Grants - - Total Donations 7,603 9,348 Charitable activities: Rental Income 53,921 - Other Income relating to property 1,313 - Interest 3 - Total Charitable activities 55,237 -	Unrestricted Designated Total Funds Funds Donations and Grants £ £ Donations 7,603 9,348 Grants - - Total Donations 7,603 9,348 Charitable activities: Rental Income 53,921 - Other Income relating to property 1,313 - Interest 3 - Total Charitable activities 55,237 -	Funds Total Funds 2022 2021 £ £ 16,951 3,509 - 52,850 16,951 56,359 53,921 47,940 1,313 568 3 29 55,237 48,537	Funds Total Funds 2022 2021 £ £ 16,951 3,509 - 52,850 16,951 56,359 53,921 47,940 1,313 568 3 29 55,237 48,537
TOTAL INCOME	62,840	9,348	72,188	104,896

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

NOTE 4 ANALYSIS OF EXPENDITURE

Unrestricted Funds Expenditure on raising funds: £ Marketing and Advertising 75 Total expenditure on raising funds 75 Expenditure on charitable activities Administration Salaries 38,234 National Insurance (Employer) - Pensions (Employer) 755 Staff training and welfare 1,269 Office 1,066 Office Equipment Depreciation 494 Professional Services - Insurances 487 Expenses, Travel, etc. 342 Governance 200 Direct Cost of property Discretionary Workers’ Bursaries 5,950 Investors' Return 14,438 HIA Franchise Fee 1,275 Council Tax 4,048 Water Rates 942 Repair and Maintenance 2,775 New House Set-Up Costs - Tenant Subsidy 3,330 Bad Debt Write off/(recovery) (3,395)	Unrestricted Funds Expenditure on raising funds: £ Marketing and Advertising 75 Total expenditure on raising funds 75 Expenditure on charitable activities Administration Salaries 38,234 National Insurance (Employer) - Pensions (Employer) 755 Staff training and welfare 1,269 Office 1,066 Office Equipment Depreciation 494 Professional Services - Insurances 487 Expenses, Travel, etc. 342 Governance 200 Direct Cost of property Discretionary Workers’ Bursaries 5,950 Investors' Return 14,438 HIA Franchise Fee 1,275 Council Tax 4,048 Water Rates 942 Repair and Maintenance 2,775 New House Set-Up Costs - Tenant Subsidy 3,330 Bad Debt Write off/(recovery) (3,395)	Designated Total Funds £ - - - - - - - - - - - - - - - - - - 9,348 - -	Funds 2022 £ 75 75 38,234 - 755 1,269 1,066 494 - 487 342 200 5,950 14,438 1,275 4,048 942 2,775 9,348 3,330 (3,395)	Funds 2021 £
				2,500
	75
	75 38,234 - 755 1,269 1,066 494 - 487 342 200 5,950 14,438 1,275 4,048 942 2,775 - 3,330 (3,395)			2,500


				40,106
				(69)
				288
				2,148
				1,617
				247
				1,627
				388
				932
				200

				-
				12,806
				1,200
				3,294
				388
				7,983
				709
				6,168
				13,741
Total expenditure on charitable activities				93,773
	72,210	9,348	81,558
TOTAL EXPENDITURE				96,273
	72,285	9,348	81,633

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

4.1 Disclosures

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. The charity employs 2 people. Trustees did not receive expenses acting as Trustees. The charity leases 3 properties from Investors for a period of 5 years with lease payments being classified as “Investors’ Return”. The leased asset value and corresponding liability is not shown on the balance sheet.

NOTE 5 DEBTORS

Page: 15 Analysis of debtors Amounts falling due within one year 2022 2021 £ £ Trade debtors 7,016 - Prepayments and accrued income 2,297 - Total 9,313 - NOTE 6 CREDITORS Analysis of Creditors Amounts falling due within one year 2022 2021 £ £ Accruals 250 - Payroll Creditors 1,935 531 Trade Creditors 2,419 734 Total 4,604 1,265 NOTE 7 FIXED ASSETS 2022 2021 £ £ Brought Forward Office Equipment at Cost 988 - Purchases in the year - 988 Total Office Equipment at Cost 988 988 Brought Forward Cumulative Depreciation 247 - Depreciation in the year 247 247 Total Office Equipment Cumulative Depreciation 494 247 Total Net Fixed Assets 494 741	Page: 15 Analysis of debtors Amounts falling due within one year 2022 2021 £ £ Trade debtors 7,016 - Prepayments and accrued income 2,297 - Total 9,313 - NOTE 6 CREDITORS Analysis of Creditors Amounts falling due within one year 2022 2021 £ £ Accruals 250 - Payroll Creditors 1,935 531 Trade Creditors 2,419 734 Total 4,604 1,265 NOTE 7 FIXED ASSETS 2022 2021 £ £ Brought Forward Office Equipment at Cost 988 - Purchases in the year - 988 Total Office Equipment at Cost 988 988 Brought Forward Cumulative Depreciation 247 - Depreciation in the year 247 247 Total Office Equipment Cumulative Depreciation 494 247 Total Net Fixed Assets 494 741
	£
Accruals	250
Payroll Creditors	1,935
Trade Creditors	2,419
Total	4,604

NOTE 7 FIXED ASSETS Brought Forward Office Equipment at Cost Purchases in the year	2022 £ 988 -
Total Office Equipment at Cost	988
Brought Forward Cumulative Depreciation Depreciation in the year Total Office Equipment Cumulative Depreciation Total Net Fixed Assets	247 247 494 494

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2022

NOTE 8 CHARITY FUNDS

Details of All Funds with movements during the CURRENT reporting period 2022

Fund balances brought forward Income Expenditure Transfers Fund balances carried forward	Fund balances brought forward Income Expenditure Transfers Fund balances carried forward	Fund balances brought forward Income Expenditure Transfers Fund balances carried forward	Fund balances brought forward Income Expenditure Transfers Fund balances carried forward
£	£	£ £	£
20,182	62,840	(72,285) -	10,737

28,000	-	- -	28,000
-	9,348	(9,348) -	-
28,000	9,348	(9,348) -	28,000
48,182	72,188	(81,633) -	38,737

8.1 Comparative Charity Funds for the previous reporting period 2021

Fund balances brought forward	Income Expenditure Transfers Fund balances carried forward	Income Expenditure Transfers Fund balances carried forward	Income Expenditure Transfers Fund balances carried forward
£	£	£ £	£
		(96,273) (10,000)	20,182
21,559	104,896


		10,000	28,000
18,000
		(96,273) -	48,182
39,559	104,896

Page: 16