2021-03-31-accounts

Trustees’ Annual Report for the period

From 01/04/2020 To 31/03/2021

Charity name: Hope City Furniture

Charity registration number: 1181097

Objectives and Activities

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SORP reference
Summary of the purposes of Para 1.17 Hope City Furniture has four purposes:
the charity as set out in its advancement of the Christian faith;
governing document relieving financial hardship by providing
furniture and household items to those
rehoused due to crisis who could not
otherwise afford them; protecting and
preserving the environment through
promoting the reuse and recycling of
furniture and household items; and
promoting social inclusion.
Summary of the main Para 1.17 and Hope City Furniture works in
1.19
activities in relation to those partnership with many different
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Objectives and Activities	Objectives and Activities	Objectives and Activities
SORP reference
Summary of the purposes of the charity as set out in its governing document Para 1.17 Hope City Furniture has four purposes: advancement of the Christian faith; relieving financial hardship by providing furniture and household items to those rehoused due to crisis who could not otherwise afford them; protecting and preserving the environment through promoting the reuse and recycling of furniture and household items; and promoting social inclusion.
Summary of the main activities in relation to those	Para 1.17 and 1.19	Hope City Furniture works in partnership with many different
purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.		agencies and organisations in Derby who refer people to us who have been rehoused due to crisis for the provision of free good quality furniture and household items. During the reporting period Hope City Furniture was only actually open for four months from September to December 2020 due to Covid. However, in that four-month period we received 60 referrals and gave away around 350 items of furniture. Those referred to us included refugees, women and families fleeing domestic violence, the homeless, victims of human trafficking and those recovered from substance abuse. On every referral we explain that we are Christians and offer to pray for the person and also offer them a Bible and/or tracts in their language if they would like one. However, there is no obligation to receive either and neither are a condition of receiving our services as we provide furniture to people of all faiths and no faith. All the furniture we give away has been donated to us thus we actively promote the upcycling and recycling of what would otherwise potentially be landfill furniture, in order

		to reduce the impact on the environment of such unnecessary wastage. We also have a charity shop where we sell vintage and antique furniture. This provides an income stream for the charity in order to make it as self- sustainable as possible but also again relates to the purpose of protecting and preserving the environment through promoting the reuse and recycling of second hand furniture. Most of the people referred to us have experienced trauma due to the different crises they have been through and most are lonely and isolated. In order to promote social inclusion we often revisit those referred to us if there is an open door to do so for social interaction. We also try to connect people to other organisations and projects in Derby for ongoing support and especially connect people into churches around Derby where this is appropriate.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	When planning activities for the year, the trustees have considered the Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	We are grateful to Mr Batten who volunteers with us one day a week for his invaluable and faithful input. We are also indebted to a number of volunteers who have helped us in recent months with our new building, in particular electrician Dave Caister and his apprentice Yaser Akbar.
Other

Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the period of this report, in the four months that the charity has been open, we have processed 60 referrals and have given away around 350 items of furniture to people who have been rehoused due to crisis and who have found themselves in the position of having to completely furnish a new home without the means to do so. This provision has greatly benefitted those who have received it. We have also given out well over 30 New Testaments and around one hundred tracts in over 10 different languages and have prayed with almost everyone we have delivered furniture to. Many times, people have been touched by the presence of God as we have prayed for them. We have sold over 200 items of second-hand furniture, many of which have been upcycled. This totals together with the furniture given away over 550 items of furniture and household items reused and recycled which has undoubtedly reduced unnecessary landfill and wastage.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41

Other

Financial Review

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Review of the charity’s Para 1.21 The opening balance at 01/04/2020 was
financial position at the end £4,028.04.
of the period
Total receipts for the period of this
report were £24,971.72. Of this £400 was
restricted to literature purchase and
£3,175 was restricted to the renovation
costs on our new building. Unrestricted
income came primarily from sales of
donated goods, primary purpose trading
and unrestricted donations. We also
received a grant of £2,000 from
Foundation Derbyshire.
Expenditure for the period was
£13,324.62. Unrestricted expenditure
consisted primarily of the costs of
charitable activities and the costs of
activities for generating funds.
The net result for the year was an
excess of receipts over payments of
£9,956.04 on unrestricted funds and
£1,691.06 on restricted funds. Giving a
total of £11,647.10 profit and a closing
balance of £15,675.14.
Statement explaining the Para 1.22 Hope City Furniture has a reserves
policy for holding reserves policy which states the charity aims to
stating why they are held have three months (approximately
£4,500) of operating costs in the bank
account at all times. Should the amount
in the bank account fall below this
figure, then measures will be taken to
limit expenditure. Every effort will then
be made to rebuild three months of
operating costs as quickly as possible.
Reserves are held in order to cover the
following:
1. Contingency: unexpected expenditure
in the event of an emergency;
2. Cash-flow: situations where a bill has
to be paid before the money to cover it
has been received;
3. Commitment: a commitment to
expenditure which cannot be covered by
the annual income;
4. Closure: the charity becomes
financially unsustainable and has to be
wound up.
As of the 31 [st] March 2021 Hope City
Furniture’s closing balance was
£15,675.14 of which £1,691.06 was
restricted.
Amount of reserves held Para 1.22 £4,500
Reasons for holding zero Para 1.22
reserves
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Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Foundation
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Hope City Furniture is registered as a CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by the existing trustees. A Trustee Nomination Form is completed by an existing trustee detailing the reasons why they are nominating a certain person as charity trustee. This form is then reviewed by the whole trustee body. All trustees of Hope City Furniture are required to sign a declaration stating that they have read and understood the Statement of Faith and the Vision and Values of WEC International as expressed in the Core of WEC and will aspire to live accordingly to them and act in accordance with them.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	We are currently in the process of developing a Trustee Recruitment Policy and a Trustee Role Description.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

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Charity name Hope City Furniture
Other name the charity uses
Registered charity number 1181097
Charity’s principal address Barn 4
Highfield Farm
Heage Lane
Etwall
Derbyshire
DE65 6LS
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Names of the charity trustees who manage the charity

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Dates acted if not for Name of person (or body) entitled to
Trustee name Office (if any)
whole year appoint trustee (if any)
1 Paul Hutchinson Chair Richard & Fiona Fraser (Founders)
2 Fiona Fraser Treasurer Richard & Fiona Fraser (Founders)
3 Joanne Howie Secretary Richard & Fiona Fraser (Founders)
4 Richard Fraser Richard & Fiona Fraser (Founders)
5 Helen Hutchinson Richard & Fiona Fraser (Founders)
6 Patrick Johnstone Richard & Fiona Fraser (Founders)
7 Robyn Johnstone Richard & Fiona Fraser (Founders)
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9
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12
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20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Richard and Fiona Fraser

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date

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HOPE CITY FURNITURE 1181097
Receipts and payments accounts CC16a
For the period 01/04/2020 31/03/2021
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Activities for generating funds 11,353 - - 11,353 -
Donations 8,044 3,575 - 11,619 -
Funding 2,000 - 2,000 -
Gift Aid - - - - -
Other - - - - -
Opening Balance 3,830 198 - 4,028 -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 25,226 ] 3,773 - 29,000 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 25,226 3,773 - 29,000 -
A3 Payments
Literature Purchase 317 - 317 -
Cost of Activities for generating funds 5,542 - - 5,542 -
Cost of Charitable Activities 5,245 - - 5,245 -
Public Liability Insurance 455 - - 455 -
Renovations on Building 1,766 - 1,766 -
- - -
- - - -
- - -
Sub total [ 11,242 ] 2,082 - 13,325 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 11,242 2,082 - 13,325 -
Net of receipts/(payments) 13,984 1,691 - 15,675 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 13,984 1,691 - 15,675 -
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CCXX R1 accounts (SS)

13/07/2021

1

Section B Statement of assets and liabilities at	Section B Statement of assets and liabilities at	the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets CCXX R2 accounts (SS)	Signature Details Details Ford Transit Van Details Details Total cash funds (agree balances with receipts and payments account(s)) Details 2	Unrestricted funds Restricted funds to nearest £ to nearest £ 13,984 1,691 - - - - 13,984 1,691 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) 16,440 - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Fiona Fraser	Endowment funds to nearest £ - - -
			-
			OK
			Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 09/04/2021 13/07/2021

Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS)

CCXX R3 accounts ISSI 1310712021

Indepefmlent examinefs report to the Trustees of Hope City Fumiture I rep>Jrt to the trustees on my examinats'on of the ￿￿nE8 of Hor* City Fumiture (the Trust) for the period ended 31 March 2021. Responsibilities and basi5 of roport As Ihe charity trustees of the Twsi you are rcsponsible for the preparati￿ of the accounts in accordance wilh the requirements of the Charities Act 2011 ('the Act,). I report in reswt of my eXaMina￿n of the Trust's atxounts carried Trjl under section 145 of the 2011 Act and in car￿.ng out my examination I have followed all the applicable Directions giv￿ by ttre Charity Commission under section 145(5)Ibl of Ihe ACL Independent examinèr's statement I have completed my examinatic￿. I confirm thdt no material matters have come io my attcntion in connecb'on the examinatK4) giving me cause ￿ believe that in any material respect.. 1. accounting re(x)rOs were nol kepi in respect of the Trust as required by section 130 of the Act.. or 2. the accounts do not accord with those recijrds. I have ￿ C￿orn$ and have come across no other matters in connedion wilh the examination to which attentson should be drawn in this rep)rt in order to enable a proper undcrstandin9 of Ihe aLLounts to bc rcathed. Signed: Name". Mr Stephen Henry Adam Relevant professional qualification or membeTship of professional bodies (rf any}- Member of the Instrtute of Chartered Accounianls of Scotland (ICAS) Address: I Sherroside elc￿e Allestrce Derby DE22 2HN Date: 1310512021