Registered Charity No. 1177546 Hope into Action: Coventry Ch8ritable Incorporated Organi88tion TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- MARCH 2025
Hope Into Action: Coventry REFERENCE AND ADMtNISTRATIVE INFORMATION Trustees The Charitable Incorporated Organisation was registered on 14 March 2018. The Trustees who served during the year and up to the date of signature of the financial statements were: Trustee Matthew Jerni Mark Pe an Helen Needham Jes8 Da -Pollard Louisa Ho kins Date of A 18 Janua 2019 26Ma 2021 23 November 2021 24 October 2024 25 March 2025 ointment D*te of Resi nation 2. A ri12025 Address of the Ch¥drity The Halo Centre Progress Wxy Binley Industrial E.4tate Coventry CV3 2NT Bankers The Coryoperative Bank 1181120 Colmore Row Birniingham B3 3BA Account number.. 6726 4465 Sort Code.. 08-92-99 E-mail address Covent eintoaction.or Website coventy.hopeintoaction.org.uk
Hope Into Action= Coventry Chairperson's report for the year ended 31 March 2025 l am glad to present the annual accounts for Hope into Action.. Coventy. This has been & year of change. I am delighted that we have opened a new house in Hinckley. We have increased our staffing to match and are glad to be welcoming new rnembers to the team. Being able to support people as they work their way out of homelessness is a privilege. and having more capacity for that work will help many more people in the years to come. The care and support the church Friendship and Support groups and our staff give to the tenants make5 a profound difference. Opening new houses and welcoming new tenants is brillianL but it is even better when tenants no longer need to gtaff and move out to their own aecommodation. Showing people love and care is at the heart of what Hope into Action.. Coventy does and will continue to do. All this could T)Ot happen without the ongoing support from people giving their time, prayers and money. On behalf of the trnstees, thank you to everyone who supports this work. Tt has an enornious impact, both now and for many years to come. Helen Needham Chair of Trustees
Hope Into Action.. Coventry Trn8tees' Report for the year ended 31 March 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The financial stalements have been prepared in accordance with the accounling policies set out in note I to the accounts and comply wilh the Charity's trnst deed, 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), effective from l January 2019 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102 Objectives and activities Hope into Action.. Coventy provides homes for the m05t vulnerable in society in partnership with local churches. Our model is built on the belief that when people have a safe, secure home surrounded by loving, non-judgmental relationships they will find the strength and motivation to make positive life choices. We welcome people of all faiths and none, all ethnicities, sexualities and gender. Recruitment and Appointment of Trustees The Constitution provides for a minimum of three trustees. Trustees are appointed for ternis of three years and may serve for a maximum of three consecutive tenns. Appointmenls of addition21 trnstees are made with a view io the skills and experience the board needs to setve the work of the charity. Structur4 governAnce and management Hope into Action: Coventy is a Charitable Incorporated Organisation ('CIO') with registration number 1177548 and is constituted under a Constitution dated 20 Febrnary 2018. This charity raises funds from the public. The Tnjstees have responsibility for the control and administration of all fund5 of the Charity and it is governed in accordance with its Constitution. The Trustees forni a Committee which meets regularly. The committee has overall rcsponsibility for strategic planning, policy forniulation, approval and monitoring of programmes and services, finance, risk managemenL staff and volunteers and premises. All Trustees give of their time freely and no Trustee remuneration w&s paid in the year, or in the prior year. The Charity's and other relevant addresses are as shown on page l.
Hope Into Action-. Coventry Financial review The charity has perfoTmed well over the year to 31 March 2025, receiving as unrestricted reserves £28,498 (2024.. £18,263) in grants and donations. £32,144 {2024.' £28,801) in rent and charges and £Nil (2024= £89) in gift aid. In the current year £8,667 contributions were Teceived restricted funds (2024.. £97,630), resulting in total income for the year of £69.309 (2024: £144.783). Total unrestrA¢ted resources expended during the year, amounts to £50,191 (2024: £45,440), giving a nel unrestricled income for the year of £10.451 (2024: £1,713). Restricted fimds expended for the year of £46,359 (2024.. £37,814) leaves a net outflow for the year of £37.692 (2024= inflow of £59,816). The total reserves consisting of unrestricted reserves of £28.525 (2024: £18.074) and restricted reserves of £37.442 (2024: £60,134), amounted to total fiinds of£65,967 (2024: £78,208). Reserves and ndS Reserves consist of all retained income available to the Charity and exclude any reslricted funds that the Charity may have. The Charity currently have unrestricted reserve funds of £28.525 (2024: £18,074). The unrestricted TeseTves are considered to be sufficient for the short terni. The charity aims to keep four to six months, core njnning costs in reserves at all tirnes. This is to ensure the Charity is able to meet all of its legal obligations should all funding be withdrawn. Exemptlon frnm audit The trustees have taken advantsge of the exemptions available to small charities, including the audit exemption. In a¢¢ordan¢e with the Charity Commission's guidelines, Trustees must arrange for an independent person or accountancy firn) to carry out either an audit or an independent examination of their charity's accounts in cages where a charity's annual income is in excess of £25,000 but less than £1 million. The Trn8tees chose to have an indcpcndent examination instead of an audit. An examiner w&8 appointed to do an independent examination of the charity accounts with the purpose of giving the charity's Trustees, supporters, beneficiaries and the wider public some independent assurance that the chaTity's money has been properly accounted foT and accounting records were kept. Risk ManAgement The trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established procedures to manage those risks. Guidance from the Charity Commission is followed. The Trustees eonsider significant risks to be the variability of contributions. the dependency on a number of volunteer workers and Chuh¢S. as well as the safeguarding risks arising from working with vulnerable people.
Hope Into Action: Coventry Going concern The Charity's activities, together with the factors likely to affect tts development. its financial position and its exposures to liquidity and cash flow risk aTe described in this Trustees, Report. The Charity has sufficient financial resources and reserves to fund its activities for the foreseeable ture. As a consequence, the Trustees believe that the Charity is well placed to manage its business risks successfully and will have sufyicient time to adjust its activities in line with any chang¢ in Contributions. Accordingly. they continue to adopt the going con¢¢rn basis in preparing the aT]nual report and accounts. Trustees, responsibilities The Trnstees are Tequired under the constitution of the charity and under charity law to prepare the trystees, report and the financial statements in accordance with FRS102 and the Charity SORP (FRS 102). The Trustees must not approve the financial statements unless they are satisfied that they give a tNe and fair view of the state of affairs of the charity at the end of the financial year and of its SUTplus or deficit for that period. Tn doing so, the Trnstees Are responsible for: Select suitable accounting policies and then apply them consistently. Make judgement and e5tirnates that are reasonable and prudent. and Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other ]egUlaTIt]es. The Tmstees have complied with the duty in the Charities Act 2011, to have due regard to guidance published by the Charity Commission on publtc benefit. Approval This rerK)rt was approved by th¢ Trustees aTJd signed on their behalf by: Chair of Trustees Date:
Hop8 Into Action: Coventry Independent Examlner's report to the trustees of Hope into Action: Coventry I report to the Trustees on my examination of the accounts of Hope into Action". Coventy Charitable Incorporated Organisation (Hope into Action.. Coventry) for the year ended 31 March 2025. Responsibllltles and basis of report As the charity trnstees of Hope into Actton.. Coventy you are responsible for the preparation of the accounts in accordance with the Tequirements of the Charities Act 2011 {'the Act,). I report in respect of my examinatTon of Hope into Action: Coventy's accounts carried out under section 145 of the 201 l Act and tn earrying out my examination J have followed all the applicable Direction5 given by tbe Charlty Commission under section 145(5)(b) of the Act. Independent examiner's ststement I have completed my examination. I confirn] that no material matters have come to my attention in connection with the examinalion giving me cause to believe that in any material respect.. l. Accounting Tecor(L8 were not kept in respect of the Trnst as requir¢d by section 130 of the 2. The accounts do not accord with those records. or 3. The accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities (A¢counts and Reports) Regulations 2008 other than any requirernent that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. 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.. James Rose FMAAT The Halo Centre Progress Way Coventy CV3 2NT Date: Iq /0 i /IL)IL
Hope Into Action: Coventry Statement of comprehensive income {includin% Income and Expenditure 2¢count) for the year ended 31 March 2025 2025 Totsl 2024 Totsl Note Unrestrlcted Restrleted Incoming Resources Grants and Donations Rent & Charges Gifl Aid TOTAL Tncomin 28.498 32.144 8.667 37,165 32,144 115.893 28,801 89 144.783 Resources 8.667 69.309 Resources Eipended Employment Costs Professional Training Professional seices Tenant support Costs Office running Costs Rates and Water (houses) Maintenance Costs (houses) Residence preparation costs Franchise fees Insurance Return to Investors Bank charges Website costs Fundraisin costs TOTAL Resources Ex 7,812 954 3,360 39,908 47,720 954 3,360 44,991 2,075 270 126 5.972 2.016 2,247 13.390 1,500 800 6.186 55 21KI 3,526 3,615 1,522 17,128 1,5 826 9,708 1.125 4.651 3.615 1.522 22,454 ,500 826 9.708 40 200 5,326 2(Kl ended 46.359 83,254 Net Tncome (expenditure) Total funds blforward Total funds clforward 10,451 (37,692) (27,241) 61,529 All the Charity's operations are classed as continutng. Movements on reserves and all Tecognised gAins and lo%ses are qhown above.
Hope Into Action.. Coverbtry Statement of Financiydl Position at 31 Mydreh 2025 Note 202S 2024 Current Assets Recoverable ca Debtors Cash at bank and in hand Total assets Less Creditors ital ex enses 974 89 192 13 3.456 Net assets 78,208 The Funds of the chari Restricted Funds Unrestricted Funds 60.134 18,074 28.525 Total Funds These accounts are prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective January 2019)- (Charities SORP (FRS 102)). The financial statements on pages 7 to I l are hereby approved: Trustee..
Hope Into Action.. Coventry Notes to the FIDanelydl Statements for the year ended 31 March 2024 l. Accountlng Polleles Ba.si.% ofpreparalion The accounts are Prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees. Report and all of which are continuing. The financial statements have been prepaTed in accordance wilh the Charities Act 2011 and Accounting and Reporting by Charities.. Sthternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)- (Charities SORP (FRS 102)). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The principal accounting policies adopted in the preparation of the fjnancial statements are set out below. Income Voluntary glfts and donatlons and other tncome are accounted for when reeeived by the charity. Gift aid claims are accounted for on an accnlS basis. Expendilure Expenditure is accounted for on an accruals basis. Pen.sion and oiherposÉ retirement obligdtions The charity operates a defined contribution pension scheme which is a pension plan under the workplace pension scheme, set up by the government. A fixed percentsge of qualifying earnings are Contrkbuted monthly by the employer and the ernployees into the %cheme. The Charity has no legal or con8tructive obligation to pay any fither contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and in prior periods. Contributions to the plan are recognized when they are due. Fund accounting Unrestri¢ted ndS are general thnds that a available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted fimds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Hope Into Action= Coventry 2. Donations 2025 2025 2025 Total Funds 2024 Total Funds Unrestricted Funds Restrieted Funds Tndividual Donations Wals veBa tist Church The Brid e Benefice All Saints Church Allesl Hinckle URC Heart of En land Coven Buildin Soci The 29, May 1961 Charitable Trust Lain Trust SeveTn Trent WateT Bcncfact Trust National Lottery Community Fund United Wa Eveson Trust Coven & District Jjii 2,983 4609 5,000 12,480 20,000 1500 6000 1500 6000 115893 3. Employment costs 2025 2024 Salaries Pension contributions [125 44,991 47.720 Some of the salary costs are covered by restricted donations made specifically for this pury)ose. 4. Related party transactlons There were no related paty transactions during the period. S. Recovernble capital expenses Capital expenditure incurred and recovered from the investors subsequent to the financial year end. 10
Hope Into Action: Coventry 6. Summary of Net Agyets by Fund et current assets Total Det assets Unrestricted Funds General Reserve Fund Restrficted Funds Lain Trust Benefact Trust National Lotte Eveson Trust Coven & District 28 25 Communi Fund 7,500 7,500 42 42 General reserve fund is the balance of ndS available for direct allocation and distribution Restrlcted funds are those amounts that were donated wtth the express wishes of the donors that they may only be contributed to a specific activity. 7. Statement of Funds Tncome resources Outgoing resource5 01104n024 3110312025 Unrestrieted Funds General Reserve Fund Restrieted Fund5 Lain Tnt Scvern Trent Water Benefact Trusl National Lottery Community Fund United Wa F.veso Coven 60,642 20,000 12,500 7,5110 1,500 1.500 & District 1.167 69,309 1,125 96,550 42 65,967 93,208