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2024-03-31-accounts

HOPE INTO ACTION READING

TRUSTEES'/DIRECTORS’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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 2024

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 6
Structure, Governance And Management 6
Independent Examiner’s Report 8
Statement Of Financial Activities 9
Balance Sheet 31 March 2024 10
Note 1 Basis Of Preparation 11
Note 2 Accounting Policies 11
Note 3 Analysis of Income 12
Note 4 Analysis of Expenditure 13
Note 5 - 7 Debtors, Creditors, Fixed Assets 14
Note 8 Charity Funds 15

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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 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 2024

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 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

HiAR and our partner churches have supported 11 tenants over the year, and as of 31 March 2024, we had 8 tenants being supported across our 3 houses. Our outcome reporting for 2023/24 included the following tenant achievements:

Three of our tenants received recognition at the Hope into Action national tenant awards in March 2024. One of our tenants received an award for Managing Finances and another two tenants received awards in the category for Education, Employment and Training.

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 have continued to grow this year.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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. During the year, we also employed a part time administrator for 3 months to assist with some of the paperwork and filing in the office.

FUTURE PLANS

Within the next financial year, we hope to open a fourth Hope into Action Reading home. A property has already been purchased by an investor and is currently being refurbished. The supporting church will be confirmed in the near future.

A fifth Hope into Action Reading home is also likely to open later in 2025. Sufficient investment has been pledged by individuals who will form a multi-investor group to purchase the property. This is likely to be a 3- bedroom property close to Shinfield Community Church, who will partner with us to support the tenants in this house. The church are considering whether they would like to first support a family, or 3 single adults. There are a group of volunteers at the church ready to form the Friendship & Support team, and we are actively now searching for a suitable property.

HiAR employed a new Empowerment Worker in May 2024 as the work of the charity is expanding. In 2025 we expect to move from supporting three to five HiAR homes with a resulting increased number of tenants and church team volunteers.

FINANCIAL REVIEW

This financial year, HiAR’s income has been significantly boosted by an increase in rental income. Hope into Action have always had a commitment to charge as low rent as possible to give the best opportunity to empower our tenants into paid employment. HiAR’s rent levels had not increased for several prior years, but in 2023 a full review of rents was carried out with the use of a rent setting model developed by HiA UK. The model was used by HiA UK and HiA franchises to set rent levels in 2023. The model incorporated the actual cost of providing the housing and what is eligible to be paid by Housing Benefit. This resulted in an increase applied to rents from 1 May 2023 and rents will continue to be reviewed annually. Hope into Action’s commitment remains to keep rents as low as possible and we continue to prioritise the support for tenants in their transition into work as well as we can.

The number of regular donors to HiAR increased in this financial year and we carried out an exercise to claim Gift Aid on all eligible donations from this and prior financial years. There was less focus on applications for grant funding this year, and hence less income from grants than in the prior year. However, overall our total income remained broadly similar to the prior year at just over £100,000.

In this financial year there was increased expenditure on the welfare of our tenants (‘tenant subsidy’) and repair and maintenance of the properties. This was as a result of more funding being available for these activities from grants received in the prior year. We were able to fund social activities, employment support and gym memberships for some tenants to improve physical and mental health. We were also able to transform the garden at one of the houses, re-furnish a living room and redecorate some of the bedrooms.

In terms of expenditure, some costs for HiAR also increased in the current year. Staff salaries increased from the prior year mainly due to the employment of a part-time administrator for 3 months during the year. Staff welfare was also prioritised this year and some additional expenditure went towards places for staff at the HiA annual national retreat. In addition HiAR covered the cost for tenant facing staff to have a counselling session with an independent qualified counsellor once a month, due to the demands of the work which can be mentally and emotionally challenging. Monthly counselling sessions will continue in future years as they have been very beneficial for staff.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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 prior year, HiAR was able to recover some of the debts previously written off. There have been no further recoveries this financial year and we do not expect any further recoveries of written off debt in future.

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, the Trustees hold another designated fund. This is an Investor Reserve Account for the investors of the third HiAR house which opened in December 2021. In the 2022/2023 year, the investors made ‘donations’ of £2,619 to cover other future expected costs related to the house, including the annual property insurance. HiAR paid out £404 from these funds during the 2022/2023 year and £499 during the 2023/2024 year to cover the annual property insurance. A small amount of interest of £8 was earned on the funds held in the Investor Reserve Account in 2023/2024. The balance held in the Investor Reserve Account at 31 March 2024 was £1,724.

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.

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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) 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) 20/12/2024

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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 2024 as set out on pages 9 - 15.

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:

• 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

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:

18/12/2024

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 2024

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31st March 2024
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
14,229
-
Grants
3,000
-
Incoming resources from charitable
activities
3
84,645
8
Total Incoming Resources
101,874
8
Resources expended
Costs of Generating Funds
4
66
-
Charitable activities
4
104,034
499
Governance costs
4
250
Total resources expended
104,350
499
Net incoming/(outgoing) resources
(2,476)
(491)
Transfers between funds
-
-
Net movement in funds
(2,476)
(491)
Total funds brought forward
21,094
30,215
Total funds carried forward
18,618
29,724		 For the year ended 31st March 2024
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
14,229
-
Grants
3,000
-
Incoming resources from charitable
activities
3
84,645
8
Total Incoming Resources
101,874
8
Resources expended
Costs of Generating Funds
4
66
-
Charitable activities
4
104,034
499
Governance costs
4
250
Total resources expended
104,350
499
Net incoming/(outgoing) resources
(2,476)
(491)
Transfers between funds
-
-
Net movement in funds
(2,476)
(491)
Total funds brought forward
21,094
30,215
Total funds carried forward
18,618
29,724		 For the year ended 31st March 2024
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
14,229
-
Grants
3,000
-
Incoming resources from charitable
activities
3
84,645
8
Total Incoming Resources
101,874
8
Resources expended
Costs of Generating Funds
4
66
-
Charitable activities
4
104,034
499
Governance costs
4
250
Total resources expended
104,350
499
Net incoming/(outgoing) resources
(2,476)
(491)
Transfers between funds
-
-
Net movement in funds
(2,476)
(491)
Total funds brought forward
21,094
30,215
Total funds carried forward
18,618
29,724		 For the year ended 31st March 2024
Notes Unrestricted
Designated
+Restricted
Incoming resources
£
£
Donations and Legacies
3
14,229
-
Grants
3,000
-
Incoming resources from charitable
activities
3
84,645
8
Total Incoming Resources
101,874
8
Resources expended
Costs of Generating Funds
4
66
-
Charitable activities
4
104,034
499
Governance costs
4
250
Total resources expended
104,350
499
Net incoming/(outgoing) resources
(2,476)
(491)
Transfers between funds
-
-
Net movement in funds
(2,476)
(491)
Total funds brought forward
21,094
30,215
Total funds carried forward
18,618
29,724		 Total
2024
£
14,229
3,000
84,653		 Total
2024
£
14,229
3,000
84,653		 Total
2023
£
28,990
14,750
60,561		 Total
2023
£
28,990
14,750
60,561
101,874 8 101,882 104,301
66 - 66 1,280
104,034 499 104,533 90,109
250 250 340
104,350 499 104,849 91,729
(2,476) (491) (2,967) 12,572
- - - -
(2,476) (491) (2,967) 12,572
21,094 30,215
29,724		 51,309
48,342		 38,737
51,309
18,618

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

BALANCE SHEET for the year ended 31st March 2024

Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
-
-
Total Fixed Assets
-
-
Cash at bank and in hand
9,869
29,724
Debtors
5
9,252
-		 Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
-
-
Total Fixed Assets
-
-
Cash at bank and in hand
9,869
29,724
Debtors
5
9,252
-		 Notes Unrestricted
Designated
+ Restricted
Fixed Assets
£
£
Tangible assets
7
-
-
Total Fixed Assets
-
-
Cash at bank and in hand
9,869
29,724
Debtors
5
9,252
-		 Total
2024
£
-
-
39,593
9,252		 Total
2023
£
247
247
45,148
7,959
Total current assets 19,121 29,724 48,845
53,107
Creditors:amounts falling due within one
year
6		 (503) - (503) (2,045)
Net current assets/(liabilities) 18,618 29,724 48,342
51,062
Total Net Assets /(Liabilities) 18,618 29,724 48,342
51,309
Funds of the Charity
8
Unrestricted funds 18,618 - 18,618 21,094
Designated Funds - 29,724 29,724
30,215
Total funds 18,618 29,724 48,342 51,309

Signed on behalf of the trustees:

SRRalph

Susan Ralph Dated: 20/12/2024

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

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 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 2024

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

Donations and Grants
Donations
Gift Aid
Grants
Total Donations and Grants
Charitable activities:
Rental Income
Other Income relating to property
Interest
Total Charitable activities		 Unrestricted
Designated
Funds
Funds
£
£
12,743
1,486
3,000
17,229
-
83,142
1,336
167
8
84,645
8		 Unrestricted
Designated
Funds
Funds
£
£
12,743
1,486
3,000
17,229
-
83,142
1,336
167
8
84,645
8		 Total Funds
Total Funds
2024
2023

£
£
12,743
28,990
1,486
3,000
14,750
17,229
43,740
83,142
59,471
1,336
1,054

175
36
84,653
60,561		 Total Funds
Total Funds
2024
2023

£
£
12,743
28,990
1,486
3,000
14,750
17,229
43,740
83,142
59,471
1,336
1,054

175
36
84,653
60,561		 Total Funds
Total Funds
2024
2023

£
£
12,743
28,990
1,486
3,000
14,750
17,229
43,740
83,142
59,471
1,336
1,054

175
36
84,653
60,561
TOTAL INCOME 101,874
8		 101,882
104,301

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HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

Note 4 Analysis of expenditure

Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2024
2023
Expenditure on raising funds:
£
£
£
£
Marketing and Advertising
66
66
80
Professional Services
-
1,200
Total expenditure on raising funds
66
-
66
1,280
Expenditure on charitable activities
Administration
Salaries
56,094
56,094
51,537
National Insurance (Employer)
-
-
222
Pensions (Employer)
1,237
1,237
1,151
Staff training and welfare
2,259
2,259
707
Office
1,246
1,246
1,120
Office Equipment Depreciation
247
247
247
Insurances
456
456
456
Expenses, Travel, etc.
791
791
816
Governance
250
250
340
Direct Cost of property
Discretionary Workers' Bursaries
5,636
5,636
6,710
Investors' Return
19,266
19,266
19,241
HIA Franchise Fee
1,500
1,500
1,500
Council Tax
5,265
5,265
4,858
Water rates
1265
1,265
1,042
Repair and Maintenance
4,375
4,375
1,026
Third House Costs
499
499
404
Tenant Subsidy
4,094
4,094
1,880
Bad Debt Write off/(Recovery)
303
303
(2,808)		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2024
2023
Expenditure on raising funds:
£
£
£
£
Marketing and Advertising
66
66
80
Professional Services
-
1,200
Total expenditure on raising funds
66
-
66
1,280
Expenditure on charitable activities
Administration
Salaries
56,094
56,094
51,537
National Insurance (Employer)
-
-
222
Pensions (Employer)
1,237
1,237
1,151
Staff training and welfare
2,259
2,259
707
Office
1,246
1,246
1,120
Office Equipment Depreciation
247
247
247
Insurances
456
456
456
Expenses, Travel, etc.
791
791
816
Governance
250
250
340
Direct Cost of property
Discretionary Workers' Bursaries
5,636
5,636
6,710
Investors' Return
19,266
19,266
19,241
HIA Franchise Fee
1,500
1,500
1,500
Council Tax
5,265
5,265
4,858
Water rates
1265
1,265
1,042
Repair and Maintenance
4,375
4,375
1,026
Third House Costs
499
499
404
Tenant Subsidy
4,094
4,094
1,880
Bad Debt Write off/(Recovery)
303
303
(2,808)		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2024
2023
Expenditure on raising funds:
£
£
£
£
Marketing and Advertising
66
66
80
Professional Services
-
1,200
Total expenditure on raising funds
66
-
66
1,280
Expenditure on charitable activities
Administration
Salaries
56,094
56,094
51,537
National Insurance (Employer)
-
-
222
Pensions (Employer)
1,237
1,237
1,151
Staff training and welfare
2,259
2,259
707
Office
1,246
1,246
1,120
Office Equipment Depreciation
247
247
247
Insurances
456
456
456
Expenses, Travel, etc.
791
791
816
Governance
250
250
340
Direct Cost of property
Discretionary Workers' Bursaries
5,636
5,636
6,710
Investors' Return
19,266
19,266
19,241
HIA Franchise Fee
1,500
1,500
1,500
Council Tax
5,265
5,265
4,858
Water rates
1265
1,265
1,042
Repair and Maintenance
4,375
4,375
1,026
Third House Costs
499
499
404
Tenant Subsidy
4,094
4,094
1,880
Bad Debt Write off/(Recovery)
303
303
(2,808)		 Unrestricted
Designated
Total Funds
Total Funds
Funds
Funds
2024
2023
Expenditure on raising funds:
£
£
£
£
Marketing and Advertising
66
66
80
Professional Services
-
1,200
Total expenditure on raising funds
66
-
66
1,280
Expenditure on charitable activities
Administration
Salaries
56,094
56,094
51,537
National Insurance (Employer)
-
-
222
Pensions (Employer)
1,237
1,237
1,151
Staff training and welfare
2,259
2,259
707
Office
1,246
1,246
1,120
Office Equipment Depreciation
247
247
247
Insurances
456
456
456
Expenses, Travel, etc.
791
791
816
Governance
250
250
340
Direct Cost of property
Discretionary Workers' Bursaries
5,636
5,636
6,710
Investors' Return
19,266
19,266
19,241
HIA Franchise Fee
1,500
1,500
1,500
Council Tax
5,265
5,265
4,858
Water rates
1265
1,265
1,042
Repair and Maintenance
4,375
4,375
1,026
Third House Costs
499
499
404
Tenant Subsidy
4,094
4,094
1,880
Bad Debt Write off/(Recovery)
303
303
(2,808)
Total expenditure on charitable
activities		 104,284
499		 104,783
90,449
TOTAL EXPENDITURE 104,350
499		 104,849
91,729

Page: 13

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

NOTE 5 DEBTORS

NOTE 5 DEBTORS NOTE 5 DEBTORS NOTE 5 DEBTORS
Analysis of debtors
Amounts falling due within one
year
2024
2023
£
£
Trade debtors
9,044
3,115
Client Loans
208
-
HMRC Employment Allowance
-
4,844
Total 9,252 7,959
NOTE 6 CREDITORS
Amounts falling due within one
year
Analysis of Creditors
2024
2023
£ £
Accruals
-
Payroll Creditors
Trade Creditors
503		 -
1,248
797
Total
503		 2,045

NOTE 7 Fixed Assets

The company holds £988 of fully depreciated equipment.

(Continued)

Page: 14

HOPE INTO ACTION, READING TRUSTEES/DIRECTORS REPORT and ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024

8 CHARITY FUNDS

8.1 Details of All Funds with movements during the CURRENT reporting period 2024

Fund names
Fund balances
brought forward
Income
Expenditure
Transfers
Fund balances
carried forward
Unrestricted Funds
£
£
£
£
£
General Charity
21,094
101,874
(104,350)
-
18,618
Designated/Restricted Funds
Building Fund
28,000
-
-
-
28,000
Development Third House
2,215
8
(499)
-
1,724
Total Designated/Restricted
Funds
30,215
8
(499)
-
29,724
Total Funds
51,309
101,882
(104,849)
-
48,342
8.2 Details of All Funds with movements during the PRIOR reporting period 2023
Fund names
Fund
balances
brought
forward
Income
Expenditure
Transfers
Fund
balances
carried
forward
Unrestricted Funds
£
£
£
£
£
General Charity
10,737
101,682
(91,325)
-
21,094
Designated/Restricted Funds
Building Fund
28,000
-
-
-
28,000
Development Third House
-
2,619
(404)
-
2,215
Total Designated/Restricted Funds
28,000
2,619
(404)
-
30,215
Total Funds
38,737
104,301
(91,729)
-
51,309		 Fund balances
brought forward		 Fund balances
brought forward		 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		 Income
Expenditure
Transfers
Fund balances
carried forward		 Income
Expenditure
Transfers
Fund balances
carried forward
£ £ £
£		 £
21,094 101,874 (104,350)
-		 18,618
28,000 - -
-		 28,000
2,215 8 (499)
-		 1,724
30,215 8 (499)
-		 29,724
51,309 101,882 (104,849)
-		 48,342
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 Details of All Funds with movements during the PRIOR reporting period 2023

Page: 15