REGISTERED CHARITY NUMBER: 118086S HOPE.. ACtION PORTSMOUTH REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR ENDEO 31 MARCH 2024 FOR HOPE INTO ACTION PORTSMOUTH
HOPE INTO ACTiON PORTSMOUTH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 MARCH 2024 Page Report ofthe Trust Independent Examlnerf8 Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 9 to 15
HOPE INTO ACTION PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 PAARCH 20 The financial statam8nts have been pr8par8d in aceordanc8 the accounting poliei6s sèt out in note I to the financial slalemenls and cotnply with the Ghaiity's goveming docum¢nl, the Gompanies Act 2006 and "Accounting and Reporting by Charities.. Siatement of Recommended Practice applicable to charities preparing their accourrts in acfjordan with tre Financial Reportiro Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" In setting objectivès and planning for activities, the Trustees have given duo consideration to general guidance published by the Charity Commission relatiro to public benefit. including the guidance'Public benefit.. running a charty IPB21'. Page 1
HOPE INTO ACTION PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIARCH 2024 OBJECTIVES AND ACTIVITIES Obhcfive? and aims The principal object of the charity is to proVe supported housing in the Portsmoulh region to those who are homeless oi insBcurely hgused. Tho charity 3irns lo use investment resource5 to buy houses for 2-3 lenan15. Each home is linked to a local urch ttat provides a positive community, friendship, befn"endinglmentoring and support. Also included is a Professional Empowerrnenl Vvorkor who provid¢s experbse to the tenants in benefi15. tenanries, jobs. liaising with other agencies and action an$. Each house is with the support ol a local church and thèy fonn a Frndship and Support group to support the lenanls. This holisc approach fwst seeks to address the irnrnediale challenges fac4ng the individual. Seeking to Identify the reasons for hornelessness and the underfying o8uses of their poverty. Then addressing th8 complexrties that have kept them from progressing in life and achieving their goals. The biggest impact comès ttirough building a positive framework of relationship through the supr>ort worker and the friendship and support group IFSGI. This provides a safe environment for them to share and grow in confidence in a no]Udgments1 ther3peutic dynamic. We try and build on the positive and seek to empower thèm to develop their strengths. Over time this builds self-worth and confiden. With new skills and qualifications, they devdop néw TelK)nships redueing Iheir isolation and work lowards indep8ndent living. There is a wder imwacl on the other services piovidiry supported 8cCornrnoll in the loc81 area. As we seek to move people on from hostels and other local seN1$ to independent living, this frees up addthonal bed spaS along the pathway out of homelessness for people to pro9Tess Ihiough the system. There is also wider benefit to the local community as we are assisting people to break their cycle ol disadvanta9e so that Ihey can get back lo a pOs["0n of contnbutsng positpiely to society. Most ol the Indivuals we work alongside Fxogres5 on to their own independent livin9 and becotne capable ol supportlng Ihern5elves rather than relying on the th3rity of others and the benefit system. Many find work and become assets within their lor21 mmunty pathpaling towar¢Js the d¢velopmenl of their lo1 communrtles. In makiny deTh5ions rglative to tsle wnning of the charity, the tru3lee3 have h8d due regard in all instanrRs to the cornmissÉon's public benefft guidance when exercssing their powers or duties. Given that the objects of the charity ale the Felief of povgrty specifi¥ rules apply in rolalv)n lo the'public asPOGt of th¢"publir benefit Despite this the trustees are nonetheless satisfied that there is a public aspect tri benefrt as has been shown above wf(h regards lo the Impact of the work of the charity on other organisations providing suw)ort9d accommodation and the er community. There is an ad"on81 aspect to the benefit thal is worth mentioning. 11 is our experience as a charitabte organisation. the volunteers frorn our friendship and support groups al80 benefit from being involved in the achvi(ies that we provide as well As the churches who we are partnered wth. There is an opportun1ty for the curoe5 to demonstrate in a public way that they are relevant and involved in their local communities making 8 real differen¢e lo people's lives. Each house 13 run in wnjundion with a lo¢xl Ghurch who sign a fiv&year parthership w¢th us committing to build loTh>term, holistic relationships with the tenants who were fomierfy homeless. Volunteer3 CtribUte a few hours a wk and they tell us th they feel that they learn as tnuch from volunlewing aPongside th8s8 individuals as thè dients themselves. This is assisted by the fact that they themselves are provided with ongoing support and training throughout their time v(Aunteering. An initial fvll day's trainirYJ is complemented by on90ing trainin9 and suppcrt from staftwho work for the charity in various capaaties. In so many regard5 this model is as much abcpLrt a way of building communfy as it is about housing individuds. T•nants 8r8 empowered by volunteers, whts arè supptsrtÈd by Empowèmiènt Workars. Working togethèr we are seeking to build a sense of triendship. family and support that Iransttènds raual, social. cultural. polthcal and teligious ijivides lor the puip05e ol building a better Eornmunty. And in the process, Individuals who are struggling wth the challenges of poverty, identity, relationship and resource are seein9 probleffls r¢ducod and therefore begin to regain th[ indopelldenGe. Page 2
HOPE INTO ACTION PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Publlc benefit Th¢ tru8lee3 confirm that Ih9y have r¢f¢tred to the guidan corrtained in the Charity Commission's general guidance on public beneht when reiyewing the tharity's aims and objectives and in planning fvIuTe actiwties. The trustees refer to public benefit throughout this Teport. ACHIEVEMENT AND PERFORMANCE Charitable a¢tyvitls The year stsrted wth some unexpected thange5 in the lead8r5hip toam. Tracey Ansell. having been Chair of Tmsteès foi several years, and done 811 the hard work of sel"ng up and growing HIAP, stepped down from her rde in May 2023. Steve Macfarlane look on the role of Ath'ng Chaw at this lime. Ihen bermE Chair ol Trustees in September 2023. The st8ff tearn had been through some diffeuV( issues and required significant support frorn the trustees through 2023. The trustees wod(ed dosely wilh Hope into Action UK to ensure everyone was supported In the best way possiNe. The stsff te8ffl saw 8 numkr of ehsngés through th• yaar with new Empowerment Wot*ers joining thè t&am and Michelle Treacher was appointed as Franchise Lead in tlecember 2023_ Carobne Deans wa5 also womoted to Senior ErnWrmènt kÈr. In July 2023, the tearn relocated to new office5 in Ihe St CUthrS Church Cèntrè. This gave us the space for our larger t6am of 5-6 stsff, with room for meetings, as well as being a ntral kncalion in the city and having air-condf(ioning for the sumrner and a churth-run tAfé all yèar roLJnd. This nèw location is vèry much Ilked by Ihe t¢am. On the housing front, wa purchased house number 11 at the start of 2024, which wll be the second house supported by St. James, Church in Emsworth. There were no major problèms revealed by the survey and r¢furt)ishment was belng plannod as we r¢a¢he4 the end of March 2024. Throughout the year. our occupancy rate ha3 been very high with only a few bods vacant at any one time. One of our houses has had to be reduced from 3 to 2 bedrooms. as it was discevérÈd that onè bèdroom was fraction81ty undw the minimuffl size requireworts. We had one thangE in churth partnerships, with the 2 North End Baptist Church houses being taken on and supported by Christ Central Church. Jon Kuhrt. CEO of HIA UK vistted us again In PortsmoLth. It was an encouraging b'me and hè got tts meèt all the team thilsl 1th us. FINANCIAL REVIEW Flnaneial posltlon The Trustees, policy with regard lo reserve3 is to seek lo maintain Unrestri4 funds, other than those designated from ts'me to brne for specific purposgs. at a level suffiuent tts provide the charity with enough workn.ng capitsl to carry on its 8XlSting activits.es 5ucce5sfully for two to four months. This will enable Ihe Injstees to ensure continuity of activities and honour contr8ctwl liabilities. As the Charity grows, il was agreed that we would calculate the reserves with a 90Yo occupay rate. Tha gross incom8 up to March 2024. was £275.186. £214,875 wa5 received from Housing AIIow8nce and represents 78Yo of our income. The team now consists of the Franchise Lead, a Finance arKI IAainlenance A(kninistrator and 3 ErnpowèrmÈrnt Vvorkers. soon to bernme 4. ThÈ plannÈd Hèad of Tenant S1$ role did not work out as )ped and it was decided that was better to have a Senior Empowerment Worker ICaTolinè D@anl able to give supportto the other EWS. M the of March 2Q24 we are housing 29 tenants, inc4uding 6 chlldren under 18. Our costs I"charita)le activities") were at £281,891. Our bank balan¢e at the end of March was £45.616. Al insurances are in pla. Page 3
HOPE INTO ACnON PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserves policy The Trustees, pc4icy wlh regard lo reserves is to seek lo maintain untriCted fvnds, other than those designated from trfie to time for speGifiG purpDses. at a level suffiGienl to piovide the charity with enoug working capital to carry on its existing actiVe$ successfully lor tr40 to four months. This will enabla the trustees lo ensure continuity of acbvities and honour contraBtsJal liabilitses. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documant Hope Into Action Portsrnouth i8 8 registered Ch8ritsble Inwrtx)raled Organisation and governe(S ty ts artides and memorandum of association and we are a franchise ol Hope Into Action UK, lch providss us wth training, SL¢pporl, advice and expertise. We have adopted their policies, with minor adaptations as needed. R&prés&ntativ ol Hope Into Ath"on UK carry OLrt r&gular audits ol our houses a1 meet with our tenants, lo ensuie that standards are maintained and risk8 are rnanaged approprbately, wth the wellbeing of our tenants bèing paramount. As wdl as having a board of Dirctors, HO Into Action Portsmouth also has Ambassadors who support and encourage the Charitable aims, and attend all Trustee Meetings. Ambassadors are appointed by tre Board of Trustees and bring a partular specialism and skill set that th6 TrLJStees valu6. Trustees consult lty ¥Mth the Ambassadors and make them fulty aware ofoperational and govemanTr plans. Whilst there is a wuirement lo maintain the core elements ol the Hope into Action model as part of being a tr8nchisèè. into Action Portsmouth is free ss an indèpÈndent organisab.on to adapt thè modél to lttcal circumstances and requirements. The trustee5 take this responsibilrty seriously an¢J a k¢¢n to ¢nsui¢ hal the tharity Implements the model fathfuwy since il has been dernon8tratsd that bt works bul a180 to me sure that there is also an aspect of local expsSion and development. In ielalion to and ttsk tnanagem¢nt. p)IKi¢5 and prixedLW¢5 aro in place to mpnage risk as Lrst a5 be IOfeseeae. Logs are rnaintained in der to reojrd any incidents that may present a risk to the organisab.on h(w4 risk Is being managed". Safeguarding Critical Incidents and Sudden Death Fi15t Aid incidents Data Protection Breaches ststf TTaining and HR In Ihe event of rnajor inodents. the Franchise Lead liaises wth the Chair of Trustees who keeps the board informed of ongoing devdopm8nts. Discussions take ace to learn from th& 8XP8rienc8 and to do things differently where required. Written reports are made of all major incidents. subsequent discusSiOf)s, Oicy ch8ng•s as a rèsuk and 8mèndÉd practi(*s. Outcomos The charity has maintained outcomes that refiect the excellent standard of the woth carried out. We delibèrately do not set KPI'S or aim fDf 5pe¢ific outcomes as we are (nvinCed that the cthmes rÈdÈct the fact that we invest in building great relationshSps first and foremost. For 202& 2024 we have achieved the following outcomes.. Maintaining Tenancy- 86% Involvement in Em trYment or Trning- 63% 5mproved Mentsl HeJth- 90Y, Roduc¢d Alwhol ot Sub5t3nce Misuse- 67% Qu?Ilty Audlt Rgport Hope Into Action Portsmouth continues to work th the HIA UK Peterborough office welcoming the Annual Quality Audit Report that provides encouragement and points for irnprovement. It is discussed and monitored wryth our Franchise Lead arKI Tiu8lees. We were giv feedback that our ¢wality wa5 of a high 3tsnd8ril_ Page 4
HOPE INTO ACTION PORTShTOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Audltor In accordanca with the company's articles. a resolution proposing that Morris Crocker be appointed as audrtoi of the company wll be put at a General Meeb"ng. The trustees, report was approved by the Board of Trustees on 12th December, and it was agreed that the Chair of Trustées )Uld file them with the Charity Commission. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 11808S5 Prinelpal addrèss St Culhberts Chur¢h d)fiald Road Portsmouth Hants P0360E Trustees RÈV Tr8cÈy Angèll ISgnad 23.5.20231 Rev Samantha Cullen Mr Stephen Macfarfane Mr Metvyn Cowdrey (appointed 1.11.20231 Iresigned 19.1.2024} EIv2abelh Mitchdl (appointed 13.120241 Ambassadors Ms Catherin¢ Holehouse Mr Simon Murdoth In(lependent Examlner Paul Underwood. FCCA Morris Crocker Chartered Accountants station Housè Noth Street Havant Hampshire P09 1QU Appmved by ordèr ol thè boBrd oftrust88s on ...22nd.JanLWy,202&.. and 8igned on its behalf by. Mr Stephen Mactsrfane- Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE INTO ACTION PORTSMOUTH Independent examlnefs report to thÈ trustèès of HO Into Aetlon Portsmouth I report to the charity ttU5tees on my examination of the accounts ol H(Trpe Into Aeb"(>n PortsmoLrth Icharitsblè Ints)rporAted Orgarisationl forthe year ended 31 Meh 2024. Responslblllues and basi& of Teport the oharity Irusl¢es of the Charitable Incorporated Organisatr'on you are rÈsptsnsiblè lor th8 preparab.on of the Accounts in accordance with the requirements ol the char9$ Act 20111'lhe Adl. I report in respect of my examination of the Charitable Incorporat Or9anisalion's accounts carrfed out der Sedion 145 of thE Act and in carying my examination I have followed all applicabl8 Direction$ ven by the Charity Commission under Section 14515llbl of the Act. IMlepÈndent Min$ statement SIN your charity's gross inGome exceeded f250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l a Jnember of the Assoryation of Chartered Certified Accountants, vh¥Gh is gne of the listed bodies. I have completed rny exawninalK)n_ I confirm th no material matters have corne to my attenb'on in nnection wth the 8xamin8bon giving m8 cause to believe that in any material re8pect.' a¢xountin9 iecx)rds wèr6 not k8pt in respect of the Charitable Incorporated Organision 0$ required by Section 130 of tho A¢t". or the a(LQLJnts do not aceord with thos8 r&cords', or the accounts do not compty wrth the applicabk requiretn8nts con(%ming th8 form and contenl of accounts set out in thè Charib"8s (Accounts and Reports) Regulations 2008 Dther than any requirement that the accounts give a true and fair view whith is ntst a matter considered as part of an indepernlenl examination. I have no concern8 and havè eomè across no other matters in connection with the examination to which attenOn should L* drawn in this report in Lyder to enable a proper undarstanding of th8 accounts to be ache(l. Paul UnderwoDd. FCCA Morris Crocker Chartered Accountants Station House Street Havanl Hampshire P09 1QU Date.. . 22nd Jarwary.2025... Pag6 6
HOPE INTO ACTION PORTSMOUTH STATEMENT OF FSNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl fLJrhds 2023 Total funds Unrèstricted fund R6Stricted fund Notès INCOME AND ENDOWMENTS FROM Donations and legacies 37,497 37.497 19,444 Charitable acU¥ltl88 Charity activ.&$ 237,689 200,896 Total 275,186 275 186 EXPENDITURE ON Charltabl? actlvltle5 Charity adiMtte3 247,929 33,7e2 INCOMEIIEXPENDITUREI 27,257 133.7621 16,5051 42,182 RECONCILIATION OF FUNDS Totsl funds brought forward 23.681 33.980 57.661 15.479 TOTAL FUNDS CARRIED FORY¥ARD 50.938 218 51,156 57,661 The notes fomi part of thèsè fin8nr#al statements Pagg 7
HOPE INTO ACTION PORTSMOUTH BALANCE SHEET 31 MARCH 2024 2024 2023 Notes FIXED AsseTS Tangib5e as8el¥ 10 1.433 1.017 CURRENT ASSETS Debtors Cash at bank 11 5,842 45,616 20,688 37,549 51,458 58,217 CREDITORS Amwnts falling due within one year 12 11,7351 {1,5731 NET CURRENT ASSETS 56 844 TOTAL ASSETS LE88 CURREMr LIABJUTIES 51,158 57,e61 NET ASSETS 57.661 FUNDS Unrestricted funds Restricted funds 14 50,938 218 23,681 33,980 TOTALFUNDS 57,661 The finla1 statements wero approv¢d by the Board of Trustees and authorisèd for issue on .22.nd January 2025 ... and were signed on its behalf by.. £.T, Mr Stephen Macfarfane- Trusl8e Th6 not•s form part of these finan1 ststsrnenl Page 8
HOPE INTO ACTION F4)RTSMOUTH NOTES TO THE FINANCIAL STA TEmEs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ba818 of pmparfng the financlal ¥tstgments The financial stsfrments ol the charity, whith is a publfe bènefit entity under FRS 102, have been prepa18d in 8ecordance with the Char((ies SORP IFRS 1021 'Anting and RepNbng by Charib"ès'. ststement ot Recommended Practice applicable to tharsties preparing their accounts in accordance wtth lh8 Finanual Reporting Standard appliGgble in thE UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial RepoTting Standard pplicable in thè UK and Republic of Ir8land' ond the Charilies Act 2011. The ffinanaal statemènts have been prepared urxlerthe hi5ttsrical cost convention. Ineome A1 income 15 rewgnised In th8 Statement ol Finaal Activities the chanty has entitlement lo the funds, it is probatAe that the inwme will bè rèc•ived and the amount can be rngasured reliabfy. Expendlture "abilities are recognisÈd as èxpenditure as soon as there is 8 legal or construclwe obligation ¢ommrtting the charity to that expendf(ure, it is proba• that a Iransler of economic ben¢fit8 will be required in settlemènt and lh& amount of Ihe obligation can be measured reliably. ExPendre is accounted for on an accrvals b8SIS and has bè8n dassified under headings th aggregate all cost related to the category. var0 costs c2nnot be directly attriblrted to parblar headings they have b¢gn alk)cat?d to activities on a basis con513tent with thè use of resour3. Tanglble fixed assets Depreaation is provided at the follon9 annual rates in Order lo write Off èach asset over its eslimated useful life. Ftxtures and fitlin9S Compuier equipment 20 /ts on c05t 33Vv on ¢osl ItKlividual fixed assets costing £250 ¢x more are capilalised at cost. Taxation The charity exempt from 18x on ts charitable activities. Fund accountlng Unrestriet8d funds &4n be used in ardance with th¢ rharitable objectives at thè diserètion ol the Iruslees. Restrided funds can only be used for particular restricted purposès wlhln th¢ objects of the d)aTity. Restrictions ase by th6 donor or when fvnds 41¢ raised for parbcular rÈ8trict8d purposes. Futher explanation of the nature and purtxjse of each fund is induded in the n¢)tes lo the financi staternenls. Flnanclal Instrumonts The charity only enters into bas financial Instruments transacons that Te8uIt in the recognition tsf finan¢4al ass* and liabil"$ Ilke trade and other accounts rècèivable and payable, loans from banks and olher third parties and loans to rdatÈd parties and inve81m8nls in ry)tnplicated investment products. Trade and other debtor¥ Short term debtDt5 ale measured al tran58cbon prlc8, less any impairnient. LL)an3 reeeivable are measured initiauy al fair value, net ol Iran5acbon costs, and are rneasurèd subsequ6ndy al amorti8ed st using the effeth've inl¢re8t tnethod. lèss any Impairmwt. Page 9 continued..,
HOPE INTO ACTION FRTs0UTH NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Cash and cash equivalents Cash and c35h equivalents comprise cash at bank and on hand, deposits wth banks and other short-t8rm highly liquid investments and bank overdrafts. In the balance sheet. bank ovèrdrafts 8re shown within borrowngs or ttjrrènt liabilits. Trade and other creditor8 Short term trade creditors are meastfjred at tho tran5ac*on price. Other financA81 Iiabilrti8s, Inclu¢ing bank loans, are measured inth"8lly at lair value, net ot transath.on costs, and are measured subsequenlly at amortised cost using the effective inleiest method. Penslons The charity operates a defined contributs.on pension scheme and the pensign charge represents the amount8 paya)lè by the charity to the fund in re8ped of the period. DONATIONS AND LEGACIES 2024 2023 DCallonS 37,497 19.444 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Athity Charity actmties Grants Incomè trom housing benefrt and tenants Incomè from invéstors Other Income 19,0 Charrty activf(ies Charity activitie5 Charity aetivitt.es 214,875 22,238 S76 111,917 69,079 237 689 200,898 Grants recawed, induded in the above, are as fdlows." 2024 2023 The National Lottery Comrnunty Fund ThÈ Pathership Foundation 10.000 19.9CXI Page 10 continuéd...
HOPE INTO ACTION PORTSMOitrH NOTES TO THE FINANCIAL STATEMENTS- ¢tsntlnu•d FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Direct Costs Isee nolg 51 Support costs (see Th)te 61 Totals Chority actimlies 278.636 3,055 281,691 DIRECT COSTS OF CHARITABLE ACTIVITIES 2D24 2023 Staff costs Insurancè Premises costs Refurbishment, repalrs and renewals staff expenses Other staff ¢0sts General administrth'on Travel and Sub*81eO Franchise fee Investor rent8 Lega5 and professional f8eS 127,384 4,089 35,461 56,957 4,030 62,577 2.046 24,738 46.335 1,113 1,494 2,780 3,242 1,800 21,919 2,819 2,680 1,650 36.406 5,160 27e,836 174 150 SUPPORT COSTS Govemance costs OtheT Tttals Charity activite5 717 2.338 3,055 pport cos15, inctuded in thè abovè, 8rè as fdlows.. Other 2024 Charity 8ctivitiÉs 2023 Totsl 8cb"VeS Depreaation ol tanglblo fixed ass¢ts 717 381 Governance costs 2024 Charity activitses 2023 Total ivities Accountancy fees Indèpèndènt èxamirth.on 850 2,055 1,572 2.338 3,627 Page11 continued...
HOPE INTO ACTION PORTSMOUTH NOTES TO THE FINANCIAL STA TEMENTS- contlnu¢d FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no 1ru8leg8' remungralion or c)thor benefits for tho year ¢nd¢d 31 March 2024 nor lor the year ended 31 March 2023. Trustees. oxpvn$e9 During the year trustee 12023.. Nll was reimbursed out of txxket expenses totslling £46(223.. STAFF COSTS 2024 2023 Wages and salar$ 127,384 62.5TT 127,3 62,577 The average monlhfy nTrber of employees during tre yearwa8 as noW&.. 2024 2023 Oper8tions manag8r Empowerment wort(er No employees reiVed emoluments in excess of £60,000. COW>ARATIVES FC)R THE STATEMENT OF FINANCEAL ACTivrriES Unrestricted fund Réstrielèd fund Total funds INCOME AND ENDOWIMENTS FROM Donats"ons and kgacies 19,444 19.444 charltable actjvltles Charity actiwlios 158.416 42,480 200,896 Total 42.480 220.340 EXPENDITURE ON Charitable activi8¥ Charity activitses 178,158 NET ITrKOhlE 21,621 2cl.sei 42,182 RECONCILIA TION OF FUNDS Total funds brought forward 13,419 15,479 TOTAL FUNDS CARRIED FORWARD 23.e81 57,661 Pagè 12 continued...
HOPE INTO ACTION PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THEYEAR ENDED 31 MARCH 2024 10. TANGIBLE FIXED ASSETS Fixture$ and fiitlngs Comptsr equiprnenl Totals COST At 1 April 2Q23 Addth"ons 762 818 1,398 1,134 316 At31 Marth 2024 952 1.580 2,532 DEPRECIATION At 1 April 21r23 Charge lor year 127 191 254 527 381 718 At 31 March 2024 318 781 1,CQ9 NET BOOK VALUE At 31 March 2024 1.433 At 31 March 2023 509 508 1,017 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prèp8ymérts and accru8d income 3,662 2,180 7.931 12.737 20,668 11 CREDrroRS.. AMOU18 FALLING DUE WITHIN ONE YEAR 2024 2Q23 Othar cyeditors 1,735 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total fiJnd5 2023 Total funds Unrestricted RÈstrk*éd fvnd fund Fixed assets Current assets Curr8nl liabilities 1,433 51,240 1,433 51.458 1,73SI 1.017 58,217 218 218 51.156 Page 13 continued...
HOPE INTO ACTION PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 1 MOVEMENT IN FUNDS Net movement in furKIs At 1.4.23 31.3.24 UnTeStrlctsd funds General fund 23,681 27.257 50,938 R•strlct•d funds Specific gifts 33,980 133,782 218 TOTAL FUNDS 57,6e1 6,5051 51.156 Nèt movam8nt in fund5. incjuded in the abov¢ ale as loll(yws-. Incoming resources Resources Movemant expended In funds Unre6tricted funds Gènèral fuTh 275,186 1247.9291 27.257 Restrlcted funds Speafic gifts 133,7621 133.7621 TOTAL FUNDS 275,186 281,6911 6,505 Comparattvos for movement In fund8 Mel movernent in funds At 31.3.23 At 1.4.22 Unre8trl¢tsd fund$ General nd 2,C60 21,621 23,681 Restricted funds Specific gift8 13,419 20,561 33,980 TOTAL FUNDS 15.479 42,182 57.661 Page 14 eonts"nued...
HOPE INTO ACTION F4TsM0uTH NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnu•d FOR THE YEAR ENDED 31 MARCH 2024 1& MOVEMENT IN FUNDS- ¢ontlnu¢d Cornparative not movernEnt in funds, induded in the above are as follows.. Incoming res¢w¢es Resources expanded Movement *) fvrKIs Unrestricteil funds General fLmd 177.860 {156.2391 21,621 Restrlct•d funds Spwfi¢ gift3 42.480 121.9191 20,561 TOTAL FUNDS 22D.340 178, 158 42.182 Spécific Gifts- this fund relates to monies received from investors sp¢Gifically for costs in ielation to Camarvon Rd ar Bell Rd 15. EMPLOYEE BENEFIT OBUGATIONS The charity operates a defined contribution pen8ion schemè. Thè ass8ts of the scheme are held separdtèly from thDS• of th• d)arity in an IndependttlY administered nd. The pension cost ¢har9e represents the conlribulions payable by tho chaity to thé fund and amounted to £6,647 12023 £2,800). contritth.ons totallin9 £17512023 - NI were payable to the fund * the balar sheet date and are included in creditors. 16, RELATED PARTY Dk8CLOSURES During the year Stephen mFarfane was rrnIr$ed Iru818e'È èxpènses, totalling £46. No other Stee received rrnburgèd expènsÈs. 17. GOING CONCERN Th8 trustees are ol the opinion that the Charity Can corfNJe to meot Its ot459atlons for at least Nvelve tnonlh8 after the signing of the accounts and that the Charity will tt)ntinuÈ in opÉrational existance for the foreseeable future. Therefore the trustees continuo to adopt the going concem basis in preparing the Annual Repgrt and finanGial slatorn¢nts, Page 15