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2023-03-31-accounts

HOPE INTO ACTION READING

TRUSTEES'/DIRECTORS’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

Company Registration No. 09358716 (England and Wales)

Charity Registration No. 1175092

1

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

CONTENTS Page
Reference and Administrative Details 3
Objectives And Activities 4
Achievements and Performance , 4
Future Plans 5
Financial Review 5
Risk and Reserves Policy 5
Structure, Governance And Management 6
Independent Examiner’s Report 8
Statement Of Financial Activities 9
Balance Sheet 31 March 202 3 11
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 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name: HOPE INTO ACTION READING 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 (resigned 05.06.23)
Mrs Chris Gothard 06.10.23
Franchise Manager Mary Lewis 01.01.21
Franchise Holder Hope into Action UK
Bankers Barclays Bank (until September 2023)
The Co-operative Bank (from September 2023)
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 2023

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 the 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, two for men and one for women (or single mothers with a child). The tenants have been supported by paid ‘Empowerment Workers’ (EWs) who keep the tenants focussed 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 behaviours; 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 self-esteem 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

HiAR and our partner churches have supported 12 tenants over the year, and as of 31 March 2023, we had 8 tenants being supported across our 3 houses. Our outcome reporting for 2022/23 included the following tenant achievements:

At the annual HiA national conference in March 2023, one of our HiAR tenants won the prestigious ‘Andy Lanning award’ for demonstrating the qualities Andy stood for – love, strength, forgiveness and hope.

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. Our church Friendship and Support (F&S) teams are growing and we have had 6 new volunteers attend HOPE training courses this year.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

The staff team, Mary Lewis (HiAR Franchise Manager) and Marta Gibas (HiAR Empowerment Worker) work alongside the churches who support our 3 HiAR houses, in particular with the Friendship and Support team volunteers who support the tenants. Mary and Marta work hard to provide professional support to the tenants, including signposting to other specialist services where appropriate, and helping them move on to new accommodation as that becomes possible.

FUTURE PLANS

We hope to open the fourth HiAR house in 2024. Discussions with another church in Reading who would like to support a house for the homeless have been ongoing for several years. A number of options have been discussed, including plans to build a house for the homeless on the church site as part of a re-development. However, the favoured option at the current time is more in line with the conventional Hope into Action model. This is for investors to purchase a residential property which is close geographically to the church. The house is then leased to HiAR, who partner with the church in order to support the residents who come to live there. Once investors and a suitable property have been found, HiAR intend to employ another Empowerment Worker as the work of the charity expands.

FINANCIAL REVIEW

This year, HiAR’s income has been significantly boosted by fundraising efforts which included applications for grant funding with input from a professional fundraiser employed for a one-off exercise.

Rental income in the current year also increased from the prior year, as a result of the third house being open for the entire accounting period (the third house opened December 2021).

In terms of expenditure, some costs for HiAR have increased in the current year. Staff salaries increased from the prior year due to an increase in staff working hours which happened around the time of opening the third house. Our Empowerment Worker increased her hours from 2 to 4 days per week in October 2021 and our Franchise Manager increased her hours from 4 days to 5 days per week in January 2022. The additional hours were necessary to accommodate the growth of the charity after opening the third house, with another church partner and a greater number of tenants to support.

In addition, the opening of the third house also increased costs such as interest paid to investors (‘Investors’ return’) and property costs such as council tax and water rates. These costs are offset by the additional rental income received from the third house.

At the 2021 year-end, the HiAR debtor’s policy was revised to write off debtors older than 90 days unless there was a payment plan in place to collect the debts. However, in the current year (and prior year), HiAR has been able to recover some of the debts previously written off. This has also contributed to the positive net income reported in this year’s accounts.

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.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

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 was set up in the prior year, an Investor Reserve Account for the investors of the third HiAR house which opened in December 2021. In the 2021/2022 year, ‘donations’ of £9,348 from the investors of the 3[ rd ] house were 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 paid the set-up costs of the house using these designated funds on behalf of the investors. In the 2022/2023 year, the investors made further ‘donations’ of £2,618.96 to cover other future expected costs related to the house, including the annual property insurance. HiAR paid out £404.22 from these funds during the 2022/2023 year to cover this year’s insurance. The balance held in the Investor Reserve Account at 31 March 2023 was £2,214.74.

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, and 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.

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) Mrs Susan Ralph (Appointed 30.09.18)

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

Mrs Mary Langshaw (Appointed 25.06.19) Mrs Lorna Shepherd (Appointed 17.05.21, Resigned 05.06.23) Mrs Chris Gothard (Appointed 06.10.23)

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

SIGNED ON BEHALF OF THE TRUSTEES SRRalph Susan Ralph (Trustee) 20/12/2023

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

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 2023 as set out on pages 9 - 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:

Dated:

20/12/2023

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 2023

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31st March 2023
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
26,371
2,619
Grants
14,750
-
Incoming resources from charitable
activities
3
60,561
-
Total Incoming Resources
101,682
2,619
Resources expended
Costs of Generating Funds
4
1,280
-
Charitable activities
4
89,705
404
Governance costs
4
340
-
Total resources expended
91,325
404
Net incoming/(outgoing) resources
10,357
2,215
Transfers between funds
-
-
Net movement in funds
10,357
2,215
Total funds brought forward
10,737
28,000
Total funds carried forward
21,094
30,215		 For the year ended 31st March 2023
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
26,371
2,619
Grants
14,750
-
Incoming resources from charitable
activities
3
60,561
-
Total Incoming Resources
101,682
2,619
Resources expended
Costs of Generating Funds
4
1,280
-
Charitable activities
4
89,705
404
Governance costs
4
340
-
Total resources expended
91,325
404
Net incoming/(outgoing) resources
10,357
2,215
Transfers between funds
-
-
Net movement in funds
10,357
2,215
Total funds brought forward
10,737
28,000
Total funds carried forward
21,094
30,215		 For the year ended 31st March 2023
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
26,371
2,619
Grants
14,750
-
Incoming resources from charitable
activities
3
60,561
-
Total Incoming Resources
101,682
2,619
Resources expended
Costs of Generating Funds
4
1,280
-
Charitable activities
4
89,705
404
Governance costs
4
340
-
Total resources expended
91,325
404
Net incoming/(outgoing) resources
10,357
2,215
Transfers between funds
-
-
Net movement in funds
10,357
2,215
Total funds brought forward
10,737
28,000
Total funds carried forward
21,094
30,215		 For the year ended 31st March 2023
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
26,371
2,619
Grants
14,750
-
Incoming resources from charitable
activities
3
60,561
-
Total Incoming Resources
101,682
2,619
Resources expended
Costs of Generating Funds
4
1,280
-
Charitable activities
4
89,705
404
Governance costs
4
340
-
Total resources expended
91,325
404
Net incoming/(outgoing) resources
10,357
2,215
Transfers between funds
-
-
Net movement in funds
10,357
2,215
Total funds brought forward
10,737
28,000
Total funds carried forward
21,094
30,215		 For the year ended 31st March 2023
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
26,371
2,619
Grants
14,750
-
Incoming resources from charitable
activities
3
60,561
-
Total Incoming Resources
101,682
2,619
Resources expended
Costs of Generating Funds
4
1,280
-
Charitable activities
4
89,705
404
Governance costs
4
340
-
Total resources expended
91,325
404
Net incoming/(outgoing) resources
10,357
2,215
Transfers between funds
-
-
Net movement in funds
10,357
2,215
Total funds brought forward
10,737
28,000
Total funds carried forward
21,094
30,215		 Total
2023
£
28,990
14,750
60,561		 Total
2023
£
28,990
14,750
60,561		 Total
2022
£
16,951
-
55,237
101,682 2,619 104,301 72,188
1,280 - 1,280 75
89,705 404 90,109 81,358
340 - 340 200
91,325 404 91,729 81,633
10,357 2,215 12,572 (9,445)
- - - -
10,357 2,215 12,572 (9,445)
10,737 28,000
30,215		 38,737
51,309		 48,182
38,737
21,094

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

Comparative Financial Statement for the year ended 31st March 2022

For the year ended 31st March 2022
Notes Unrestricted
Designated
Incoming resources
£
£
Donations and Legacies
3
7,603
9,348
Grants
-
-
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
Incoming resources
£
£
Donations and Legacies
3
7,603
9,348
Grants
-
-
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
Incoming resources
£
£
Donations and Legacies
3
7,603
9,348
Grants
-
-
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
Incoming resources
£
£
Donations and Legacies
3
7,603
9,348
Grants
-
-
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
62,840 9,348 72,188 104,896
75 - 75 2,500
72,010 9,348 81,358 93,573
200 - 200 200
72,285 9,348 81,633 96,273
(9,445) - (9,445) 8,623
- - - -
(9,445) - (9,445) 8,623
20,182 28,000 48,182 39,559
10,737 28,000 38,737 48,182

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

BALANCE SHEET for the year ended 31st March 2023

Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
247
-
Total Fixed Assets
247
-
Cash at bank and in hand
14,933
30,215
Debtors
5
7,959
-		 Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
247
-
Total Fixed Assets
247
-
Cash at bank and in hand
14,933
30,215
Debtors
5
7,959
-		 Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
247
-
Total Fixed Assets
247
-
Cash at bank and in hand
14,933
30,215
Debtors
5
7,959
-		 Total
2023
£
247
247
45,148
7,959		 Total
2022
£
494
494
33,534
9,313
Total current assets 22,892 30,215 53,107 42,847
Creditors:amounts falling due within one
year
6		 (2,045) - (2,045) (4,604)
Net current assets/(liabilities) 20,847 30,215 51,062 38,243
Total Net Assets /(Liabilities) 21,094 30,215 51,309 38,737
Funds of the Charity
8
Unrestricted funds 21,094 - 21,094 10,737
Designated Funds - 30,215 30,215 28,000
Total funds 21,094 30,215 51,309 38,737

Signed on behalf of the trustees:

SRRalph

Susan Ralph Dated: 20/12/2023

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

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:

• 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.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

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. (This statement will be changed to conform to the SORP in 2024)

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
Total Funds
Funds
Funds
2023
2022
Donations and Grants
£
£
£
£
Donations
26,371
2,619
28,990
16,951
Grants
14,750
-
14,750
-
Total Donations and Grants
41,121
2,619
43,740
16,951
Charitable activities:
Rental Income
59,471
-
59,471
53,921
Other Income relating to property
1,054
-
1,054
1,313
Interest
36
-
36
3
Total Charitable activities
60,561
-
60,561
55,237		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2023
2022
Donations and Grants
£
£
£
£
Donations
26,371
2,619
28,990
16,951
Grants
14,750
-
14,750
-
Total Donations and Grants
41,121
2,619
43,740
16,951
Charitable activities:
Rental Income
59,471
-
59,471
53,921
Other Income relating to property
1,054
-
1,054
1,313
Interest
36
-
36
3
Total Charitable activities
60,561
-
60,561
55,237		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2023
2022
Donations and Grants
£
£
£
£
Donations
26,371
2,619
28,990
16,951
Grants
14,750
-
14,750
-
Total Donations and Grants
41,121
2,619
43,740
16,951
Charitable activities:
Rental Income
59,471
-
59,471
53,921
Other Income relating to property
1,054
-
1,054
1,313
Interest
36
-
36
3
Total Charitable activities
60,561
-
60,561
55,237		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2023
2022
Donations and Grants
£
£
£
£
Donations
26,371
2,619
28,990
16,951
Grants
14,750
-
14,750
-
Total Donations and Grants
41,121
2,619
43,740
16,951
Charitable activities:
Rental Income
59,471
-
59,471
53,921
Other Income relating to property
1,054
-
1,054
1,313
Interest
36
-
36
3
Total Charitable activities
60,561
-
60,561
55,237		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2023
2022
Donations and Grants
£
£
£
£
Donations
26,371
2,619
28,990
16,951
Grants
14,750
-
14,750
-
Total Donations and Grants
41,121
2,619
43,740
16,951
Charitable activities:
Rental Income
59,471
-
59,471
53,921
Other Income relating to property
1,054
-
1,054
1,313
Interest
36
-
36
3
Total Charitable activities
60,561
-
60,561
55,237
TOTAL INCOME 101,682 2,619 104,301 72,188

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

Note 4 Analysis of expenditure

Note 4 Analysis of expenditure Note 4 Analysis of expenditure Note 4 Analysis of expenditure Note 4 Analysis of expenditure
Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2023
2022
Expenditure on raising funds:
£
£
£
£
Marketing and Advertising
80
-
80
75
Professional Services
1,200
-
1,200
-
Total expenditure on raising funds
1,280
-
1,280
75
Expenditure on charitable activities
Administration
Salaries
51,537
-
51,537
38,234
National Insurance (Employer)
222
-
222
-
Pensions (Employer)
1,151
-
1,151
755
Staff training and welfare
707
-
707
1,269
Office
1,120
-
1,120
1,066
Office Equipment Depreciation
247
-
247
494
Insurances
456
-
456
487
Expenses, Travel, etc.
816
-
816
342
Governance
340
-
340
200
Direct Cost of property
Discretionary Workers' Bursaries
6,710
-
6,710
5,950
Investors' Return
19,241
-
19,241
14,438
HIA Franchise Fee
1,500
-
1,500
1,275
Council Tax
4,858
-
4,858
4,048
Water rates
1,042
-
1,042
942
Repair and Maintenance
1,026
-
1,026
2,775
Third House Costs
-
404
404
9,348
Tenant Subsidy
1,880
-
1,880
3,330
Bad Debt Write off/(recovery)
(2,808)
-
(2,808)
(3,395)
Total expenditure on charitable
activities		 90,045
404		 90,449 81,558
TOTAL EXPENDITURE 91,325
404		 91,729 81,633

Page: 14

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

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

Analysis of debtors
Amounts falling due within one year
2023
2022
£
£
Trade debtors
3,115
7,016
Prepayments and accrued income
-
2,297
HMRC Employment Allowance
4,844
-		 Analysis of debtors
Amounts falling due within one year
2023
2022
£
£
Trade debtors
3,115
7,016
Prepayments and accrued income
-
2,297
HMRC Employment Allowance
4,844
-		 Analysis of debtors
Amounts falling due within one year
2023
2022
£
£
Trade debtors
3,115
7,016
Prepayments and accrued income
-
2,297
HMRC Employment Allowance
4,844
-
Total 7,959 9,313
NOTE 6 CREDITORS
Amounts falling due within one year
Analysis of Creditors
2023
2022
£ £
Accruals
Payroll Creditors
Trade Creditors		 -
1,248
797		 250
1,935
2,419
Total 2,045 4,604
NOTE 7 Fixed Assets
Brought Forward Office Equipment at Cost
Purchases in the year		 2023
£
988		 2022
£
988
Total Office Equipment at Cost 988 988
Brought Forward Cumulative Depreciation
Depreciation in the year
Total Office Equipment Cumulative Depreciation
Total Net Fixed Assets		 494
247
741
247		 247
247
494
494

Page: 15

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ ST ] MARCH 2023

8 CHARITY FUNDS

8.1 Details of All Funds with movements during the CURRENT reporting period 2023

Fund names
Fund
balances
brought
forward
Unrestricted Funds
£
General Charity
10,737
Designated/Restricted Funds
Building Fund
28,000
Development Third House
-
Total Designated/Restricted Funds
28,000
Total Funds
38,737		 Fund names
Fund
balances
brought
forward
Unrestricted Funds
£
General Charity
10,737
Designated/Restricted Funds
Building Fund
28,000
Development Third House
-
Total Designated/Restricted Funds
28,000
Total Funds
38,737		 Income
Expenditure Transfers
Fund
balances
carried
forward		 Income
Expenditure Transfers
Fund
balances
carried
forward		 Income
Expenditure Transfers
Fund
balances
carried
forward
£ £ £
£		 £
10,737 101,682 (91,325)
-		 21,094
28,000 - -
-		 28,000
- 2,619 (404)
-		 2,215
28,000 2,619 (404)
-		 30,215
38,737 104,301 (91,729)
-		 51,309

8.2 Comparative Charity Funds for the previous reporting period 2022

8.2 Comparative Charity Funds for the previous reporting period 2022 8.2 Comparative Charity Funds for the previous reporting period 2022 8.2 Comparative Charity Funds for the previous reporting period 2022 8.2 Comparative Charity Funds for the previous reporting period 2022 8.2 Comparative Charity Funds for the previous reporting period 2022

Fund names
Fund
balances
brought
forward
Income
Expenditure
Transfers
Fund
balances
carried
forward
Unrestricted Funds
£
£
£
£
£
General Charity
20,182
62,840
(72,825)
-
10,737
Designated/Restricted Funds
Building Fund
28,000
-
-
-
28,000
Development New House
-
9,348
(9,348)
-
-
Total Designated/Restricted
Funds
28,000
9,348
(9,348)
-
28,000
Total Funds
48,182
72,188
(81,633)
-
38,737
£ £ £
£		 £
20,182 62,840 (72,825)
-		 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

Page: 16