Repstered Churity No. 1177448
Hope into Action: Coventry
Charitable Incorporated organisation
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 2024

Hope uito Aclion.. Coveiiln,
REFERENCE AIID ADMII%ISTRATIVE INFORMATION
Trustees
The Charitable Incorpordtcd Orgdnisation was registered on 14 March 2018.
The Trnstees who served during Ihe year and up to the dale of signaiure of the financial statements
were-.
Trustee
Matthew Jerniyn
Mark Perryman
Shcra Pa)-ne
Helen Needham
Date of 2
ointment
18 January ?019
26 Mily 2021
23 November ?021
23 Novcmber ?021
Date of resi
ation
7 July 2023
Address of the Charlty
The 14alo Centre
Pr(IgFfL'SS Way
Binley Industrial EstatL
Covcnlry
CV3 2NT
Banker5
The co-operative bank
1181120 Colmore Row
Birniingham
Account number 6726 4465
Sort code
08-92-99
E-mail addre55
Coi'entr)'CÉb,hopeiiitoaction.org.uk
Website
Coventry.hopeinroaction.or&uk

Hope Achon.. Coveiitn.
Ch8irpersDn's report for the year ended 31 March 2024
l am glad to present the annual abcounts for Hop¢ into Action.. Coventry.
This has been a year of signifiLanl Lhange. l am delighted that we have opened a new house in
Coventry and that another in Hinckley is almost ready lo receive tenanis. We hale inLreased
our slaifmg to inalch and are gylad io be welcoming new members lo ihe ieam. Being able lo
support people as they work iheir ￿'8Y oui of homelessness is a privilege, and having more
apacity for that work will help niany more people in the yeatS LO come.
The care and support the church Friendship and Support groups and our staff give to the tenants
makes a profound diffcrcnce. Opening ncw houscs and wclcoming ncw taiaiits is brilliant. bui
it's even b¢tterwh¢n tenants no longer necd to stay and move out to their own acconiniodatioii.
Showing people love and care is at the heart of what Hope into A￿lon.. Covcntry does and will
conttnue to do.
All this could not happen without the ongoing support from people giving tlieir time, praye
and money. On behalf of the trustees, thank YQLL to evcryune who supports this work. It has an
enonnous impact, both now and for many yL'ars to Lome.
Matt lermyn
Matt Jemiyn
Chair of Trust

Hope in¢0 Action.. Coveiiln,
Trustees, Report for the )'ear ended 31 March 2024
The Trusleeb present their report and financial 5talcments for Ihc year ended 31 March 2024. The
financial statements have been prcpared in accordancc with the accoun¢ing policies sel oui in note I lo
Ihe accounts and comply with the Charity's trusi deed, the S121emenl of R¢commend¢d Pracii¢e:
Accounting and R¢porling by Charilies preparing their accounts in aL¢ordan¢e w'ith ihe Financial
Reporting St8lldard applieable in the UK and Republic of Ireland {fRS 102). effective from l January
2019 and with the Charities Act 201 L.
The charity. constitutes a public benefit entity as defined by FRS 102.
Objectives and aclivities
Hope into Action Loventy provides homesf(rthe most vuliierable in 50cicty in partnership with local
LhurLhcb. Our modLI is built on the belief that when people havL a 5afL. 5iLurc homc su￿ound¢d by
loN'in£ non-.judg.¢mentd relationshirfy Ihi'y will fiMI the srrenkrth ai)d motivation to make positiv¢ life
Lhoiles. We wclLomL pL'uple ot all faiths and noiie. all ethniLItILS and SLxualitiL5.
Recruitment and Appolntment of Trustees
The Constitution provid&q foraminimumof threettuqte￿. TNsteesare ap￿Int<xl fortenns ofthreeye￿5
and may seriie fora maximum ofthre¢ ¢onseLulive lemLS. .4ppninlment4 nf additional trLL51ees ￿Ernade
wilh a i'iew to th¢ skills and expcricncc thc board nccds to serve Ihe work of the ch￿ily.
Structurej governgnce and managemenl
Hope into Action.. Covcntry is a Cliaritablc Incorporatcd Organisation ('CIO') with rcRistration number
1177548 and is constituted undcr a CO￿311tUtl0ll datcd *0 February 2018. This ¢harity rais¢s funds from
the public.
The Trustees have responsibility forthe control and administration of 811 fundsot. the Charity and it
goi"erned in accordonce with its Constitulion. The TrusTres fom a committee w,Iiich meets reguW-
These meetings al'e alsoattendedbythe SeeretaryandTreJsurer. The cominirree has overall reS￿nsIb￿ty
for strategic planning, policy forniulation, approval and monitoring of programmesand serviLes, finanLe,
risk management, staff and volunteers, and premise8.
All Trustees gtve of their time freelyand no Trustee remuneration was paid in rhe year. or in th¢ prior
y¢ar.
The Charity's and other relevant addresses are as shoivii oil page l.
Flnanclal revlew
The charity has perfornied well over the year to 31 March 2024. receiving as unrestricted reserves
£18.263 (2023.. £21.605) in ￿&￿ts. and donations, £28.81)11?023.' £21.6571 in rent and ¢hargTeN. £89
(2023.. £1,075) in Gift Aid, and £Nil (20223 £1,441 l in ts'dining* fees. In the ¢urtenl year, £97,C)30
contributionswcrc rcccivcd as restricted 1-U￿lS (2023= £6,158). rcsulting in total incibmc fnr the year tsf
£144.783 (2023.. £51,936).
Total unrcstrictcd rcsourccs cxpcndcd during thc ycar. amounts lo £45.44n1202_?.' £47.141), givinga nel
unrestricted income for Ihc yearol'LI,713 {2023: £12.5U21. Restricted lunds expended lor lh¢ year or
£37.814 (2023.. £6.3461 leaves a net inflo￿. forihe year o1-£59.8161?U?3.' outflow of £ I1$1$1. Th¢ tolal
rescr¥"cs. collsistiiig OF unrcslricled resern'es of £18,0741?U13.. £16.361 l and restricted reserves of
£60,134 {?023.. £3 l 8), amounted to total funds of £78,208 12023= £16,679).
Reserves and funds

Hope inlo Action.. Coveiitn,
Reserves consist of all retained inwmc available to th¢ Charity and exclude any restri¢taJ fun(Lg ihdt the
Charity may bal'e. The ch￿ltY CULTently have unres(riC(￿] rcscTr'c lund5' 01'£18,0741202.3.. £16,361).
Thc unrestricted reserves are considered to be svFI-icieni I'or the shori term.
The ¢hariry' aims to keep around three months, corc running costs in resen.es at all limes. This is to
ensure thc Chariiy is able to meet all of its legal obligaLions should all funding be ￿ ithdrdwn.
Exemption from 4udit
The trustees have taken advantage of the exemptions available to sm211 charities, including the audit
exemption. In accordance with the Lharity Commission's guidelines, Trustees must arrang¢ for an
indepeiident p¢r60n oraccounlallLry finnto carry out either an audit or ali iLidepeiident examination of
their charity'b a¢Lount5 in ca5¢5 where a charity s annudi income is in exc¢s5 of £25,ULIO but less thali
£ I million. 'I'h¢'l rubt¢¢b GhosL to have an independent L'xamiiiation iiistLad of uii audit. An cxainiiicr
was appviiiied to do an indLyLmdent examinalion of the charity aLcouiits with thL' purposi uf giving th¢
charity's Tnjstsys. support¢￿, bLMcficiallc5 undthc widLT publiL somi indcpLiident assurdniL ihat the
charity's Inoney has bL'Ln properly accounfrd for and acLounting rccord5 wcrc k-ept.
Rlsk management
The Trustees have considered themajor risks to whiLh thc Charity 18 exroscd and have reviewed those
risks and cstablishcd procedures to manage those risks. Guidancc from thc Charity Commission is
followed.
The Trustees consider SI￿11]can1 ri.%k8 to be the i"ariabiliiy OF ¢onlribulions, the dependency on a
number of v0￿UnILYr workers and churches, as well as the safeguarding risks arising from working with
vulnerable people.
Going con¢¢rn
The Chariry's aciivities. together with the factors likely to affect its fuNre development, its financial
position and its expoqure* io liquidity and lash flow dr¢ deqiribed in this Tru%lees' Report. The
Charity has suffiLient finanLial resour¢¢q and reg¢Th.￿ ro fund its. aLtivities for the for¥*¥¢abl¢ future. As
a ¢on£equen¢e. th¢ TTUSt¢C5 believe that the C harity is well placed to manage its business risks
succcs8￿1IY and will have sufficient time to adjust its aciiN'ities in line with any change in Lontribution&
Accordingly, they continuL to adopt the going coi)ccrn basis in prLpaTing thL annual rLPOrt aiid
accounts.
Trusttes, responsibilities
The Trnstees arc requlrcd under the conslitution of the charfftly and undcr Lharity law lo prepa￿ the
irustces, report and the financial stdiemenls in acLOrkn￿ with FRS102 and the Llwity SORP ITrRS 102
The Trusie¢.q musi not approve the linancial stalctllents unlcbs they are 4ali%fi¢d thai ihey L4ve a ttue and
fdir ￿.]eW of the gtate of affaii'% orth¢ charity at thc end ol'the financial year andof ils surplu% or deficrt
lor that period. In doing bo, the Trustees are responsible lor..
Select suitable accounling policies and then apply thcm consislcntly-
Make judgemcnts and cstimates that are reasonablc and prudcnt.. and
Prepare the fina￿182 staienKiits oil Ihc goiiig conccrn basis unle&s it is iiot appropriate lo Lssume
that the company will continue on thai basis.
Th¢ truste¢s are r¢sponsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the finwKial position of th¢ Lharity. They are also r¢sponsibl¢ for safeguardingthe

Hope inlo Achon.. Coveiitn,
assets of the charity and ben￿ lor taking rea￿nable sleps for the preN'ention and deiection ol fraud and
other irreguLariiies.
The trustees have complied with the duly in the Charities Act 2011, to have due regard to guidance
published by the Charity Commission on public benefit.
Approval
This report was a proved by the Trustees and signed on their behalf by..
Chairnian.. Trustees
Date.. tsE / KI/2024

Hope into Action.. Coveiiln,
Independent Examiner's report to the trustees of Hope into Action: Coventry
I repori to the Trusiees on my examination ofthc accounts of Hope into Action= Coi'entry Charitable
Incorporated OrEanisalion (Hopc into Aciion.. Covenlry) for thc year ended I l March 2024.
Responsibilities and balis of report
As the chariry llustees of Hope inlo Action.. Coventry you are responsible for the preparation of the
accounts in accordance with the requ￿¢ments of the Chariti¢s Act 2011 ('the A¢t'l.
E repvrt in respect of my examination of Hope inio Action= Coventry's accounis carried oul under
s¢¢ts'on 145 of the 201 l Act and in carying out my examination I have followed all the appliLable
Directions giv¢n by lh¢ Charity C.OTllTni85iOVb ulldcr scctioii 145(51(b) of thc Acr.
Inde￿ndent examiner's 5tatemellt
hav¢ completed my exaTninalion. I confirni that no material TMattcr5 havc come to my attention i
conn¢¢rion wilh ihc ¢xaTnination giving me cause to believL that in any niatcrial rcspcct-
AceountinLi reLord%w¢renot kLyt in r¢s￿Ct of thL Trust as rLquirLxl by Sf¢lion 130 of thc ALt- or
thc accounts do not accord with those recnrd.q: or
the accounts do not comply with the dpplieahlc I'cqwrements concerring the form atKI conteni or
accounis bet oul in the Charitics (Accounts and Repon5) Rcbiulution% 2008 othcr than any
r¢quir¢meni that thc accounts give a'lrue and fair view wkn.ch is Tkot a mattcr considcrcd as part
of an indep¢nd¢nl ¢Aamina¢ion.
I haN"e no concm)s andhair C￿ne acrossno other tnallcrs in connLxtioii w'ith thc cxainination to which
attention should b¢ drdwn in this report in order to enable a proper underbtsnding of the accounts to be
r¢a¢h¢d.
SI￿)ed..
Lindy Bornman
7 Lansbury Close
St Neots
PE19 2UA
Date-
2024

Hope inlo Actiopt.. Coveiitn,
Ststsment of comprehensive incTrme (including Income and Expenditure account) for the
year ended 31 March 21124
2024
Total
2023
Total
Note
Unrestr5cted
Re5trl¢ted
Incoming Resources
Grants and Donations
Rent & Charges
Gift Aid
Franchise advising inLome
TOTAL Incoming Resources
18,263
28,801
89
97,630
115,893
28,801
119
27,763
21,657
1,075
47.153
97.630
144.78J
51.936
Resource$ Expended
Employmcllt cosL
PTofessional training
Prote5tsivnal 5crvicc5
Tenants support costs
OffiLe njnninki costs
Council Tax
Maintenance Costs
Rcsidencc pi'epai'ation costs
Franchise Fees
Insurdncc
Return to Investors
Residents Necds
Bank Charges
Website costs
Fundraising costs
TOTAL Resources Expended
22,960
44.991
2,075
270
126
5,972
2,016
2,247
13,390
33,631
1,979
3,000
325
3.535
275
1.751
2.075
270
126
192
5.780
2,016
2.247
13,390
1.500
800
6,186
1,300
765
6.284
188
800
6,1116
55
200
3,426
55
200
3,426
200
254
Net Jncome (expendittsre)
Total% fund5 b/fonvard
Totsls funds Llfonvard
1,713
16,361
59,816
318
60.134
61.529
16,679
(1,551)
18,230
16,679
All the Charity's operations are cla&sed as continuing. Movernents on reserves and all
recognised gains and losses are showii above.

Hope inlo Aclion.. Coveiitn,
ststement (Jf Financial Position at 31 March 2024
llote
2024
2023
Current assets
Recofv'erable capital expenses
Debtors
Cash at bank and in hand
Total assets
Less ¢reditor6
974
89
80,601
81,664
(3,456)
1,432
1,075
15.991
18,498
(1.819)
Net assets
78,208
16,679
The Fundx of the charity
Restricted Funds
Unrestricted Funds
60,134
18,074
318
16,361
Total Funds
78,208
16,679
These accounts are prepared in accordance with Ihe Financial Reporting Siandard applirable in ihc UK
and Republic of Ireland {FRS 1021 (effective l January 2019)- (Charities SORP IfRS 102)1.
The financial slalemenls on pages 6 to I l are hereby approved:
Trustee
24 JEEMYAJ
Date.. CK / 11 / 2024

Hope Actiopt.. Coveiiln,
Noles to the Financial Statements for the year ended 31 March 2024
l. Aecounting Pollcles
ofpreparatiun
The accounrs are prepared under the historical cost convention and include the results of
the charity's operntions which are described in the Truslees. Report and all of which are
continuing.
The fmancial slalenients have been prepared in aLeordance with Ihe Charities Acl 2011 and
Accounting Reporting by Charili¢s'. Sialenienl ofReconunendeJ Prdclice dppIiLable u)
harities preparing their accounls in accordance with the Trinancial Keporting Standaryi
applicable in Ihe UK and Republic of Ireland (FRS 102) (effeclive A January 2019)
(Charities SORP (FRS 102)).
Assets aiid liabilitics a￿ initially recognised ai historical cost or transaction value unless
otherwise staled in the relevant accounting policy note(s).
The priiicipal accounting policie5 adoptcd in the preparatioii of the fmancial statements are
sel out below.
b. Inconte
Voluntsry gilts and donatlons and otbcr income arc acLounted fur whcn rcccivcd by the
charity.
Clft Ydld claRms are acLuunt¢d foT on an accrual basits.
ExpendtiHre
Expenditure is accounted for on an accruals basis.
Pension dnd other post retirement obligqtion
The Charity operdles a defined conlribulion pension scheme which is a pension plan under
the workplace pension scheme. scl up by the govcmmcnt. A fixed perccniage of qualifying
eaming5 are conlribuled monthly by the employer and Ihe enwloyeLS inlo the scheme. The
Charity has no legal or cOnst￿ctive obligation to pay any further coiitributions even if ihe
fund does not hold sufficieni asset% to pay all employees the bcnefits relatinsi to cmployee
servie¢ in the ¢utront and ill Priol PCTiods. Contributions to th¢ platl ar¢ r¢cognis¢d when
they are due.
Fund accoiinting
Ilnrestricled funds are general funds that are available for use at the triistees, discrelion in
furtherance of the objectives of the Lharity.
Restricted funds arc thosc donatLd for usc in a particular area or for Specific purpo8e.s, the
use of which is reslricled to that area or purpose.
2. Donations

Hope into Action.. Coveii¢n'
2024
2024
2024
2033
Unr¢strl¢ted
funds
Rcstricted
funds
Tot41
funds
Total
funds
Ind ividual Donations
Walsgrave Baplisl Church
The Bridge Beiicfice
All Sainls Cburch Alle51ey
Heart of England
Coventry Building Society
The 29th May 1961 Charitable Ttust
Laing Twst
'Severn Trent Water
Benefact Trust
Naliondi Loltery Community Fund
10,466
1,000
4,609
2.188
10,466
1,000
4,609
2.188
2,000
9,750
5,000
35,000
12,480
13,4(b
17,225
1,000
3,380
2,000
9,750
5,000
-35,000
12,480
13,4110
6.158
115893
3. Employment Costs
2024
2023
Salaries
Social Security costs
Pcnsion conrributions
44,106
33,007
825
624
33.631
44,991
Some of the salary costs are covered by restricted doiiations made specifically for this
pury)ose.
4. Related party transactions
There were no related party trdnsaLtions during the period.
5. Recoverable capfital expenses
Capital expenditure inLutYed lind recovered from the investOTS subsequent to the finan¢ial
year end.
6. Summary of Net Assets by Fund
10

Hope inlo Action.. Coveiifn,
Net current
assets
Totsl net
assets
Unrestrlctid funds
General Reserve Fund
Restricted funds
Laing Trust
Sevem Trent Water
Benefact Trust
National Lottery Community
Fund
18,074
18,074
20,326
7,089
12,719
20,326
7,089
12,719
20,000
78,208
78,208
General resen'e fund is ihc balanLc of funds availablc for dirccl allocation and
distribution.
Restricted funds are ihosc ainounls that wcre dondtcd ll'iih thc cxprcss wishcs uf thc
that they may only be contributed to a specitic aciivity.
7. Statement of Funds
011041202
Income
re50urcL'5
Outgolng 311031202
resources
Unrestricted fvnds
General Reserve Trund
16.361
47,153
45,440
18,074
Restricted funds
H¢art of England
Covcntry Building Society
Th< 29th May 1961 Charitable Trnst
Laing Trust
Sevem Trent Water
Bcncfact Trust
National Lottery Community Fund
318
2,000
9,750
5,000
35,000
12,480
13,400
20,QQO
2,318
9,750
5.000
14,674
5,391
681
20J26
7,1)89
12,719
20,000
16,679
144.7¥3
3,254
78.2U8