2023-03-31-accounts

Trustees’ Annual Report for the period

From 01/04/2022 To 31/03/2023

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 we received almost 160 referrals and gave away around 750 items of furniture. Those referred to us included refugees, women and families fleeing domestic violence, the homeless, victims of human trafficking, those moving on from supported accommodation 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

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sell some antique and vintage furniture
to provide an income stream for the
charity in order to make it as self-
sustainable as possible. This furniture
is primarily sold on Facebook
Marketplace for upcycling and is mostly
furniture that we have been donated but
is not suitable to give away. The selling
of this furniture 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 Para 1.18 When planning activities for the year,
whether the trustees have the trustees have considered the
had regard to the guidance Commission’s guidance on public
issued by the Charity benefit.
Commission on public
benefit
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Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Hope City Furniture is fully run by Para 1.38 volunteers. Contribution made by volunteers 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 Hope City Furniture has processed just under 160 referrals and have given away around 750 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 over 100 New Testaments and Bibles, and well over 100 tracts in around 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 around 185 items of second-hand furniture primarily for upcycling. This, together with the furniture given away totals over 1,100 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 01/04/2022 was
financial position at the end £16,598.70 of which £299.58 was
of the period restricted to literature purchase.
Total receipts for the period of this
report were £10,139.99. Unrestricted
income came primarily from sales of
donated goods and unrestricted
donations. We also received a grant of
£2,000 from Foundation Derbyshire.
Expenditure for the period was
£11,949.95, of which £149.30 was
restricted. Unrestricted expenditure
consisted primarily of the costs of
charitable activities. Restricted
expenditure was for literature.
The net result for the year was an
excess of expenses over receipts giving
a total deficit of £1,809.96 and a closing
balance of £14,788.74 of which £150.28
was restricted.
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
£3,000) 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 2023 Hope City
Furniture’s closing balance was
£14,788.74 of which £150.28 was
restricted.
Amount of reserves held Para 1.22 £3,000
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
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charity continuing as a going concern

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Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including Para 1.47
any fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the principal Para 1.46
risks facing the charity
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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

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Description of charity’s
trusts:
Type of governing document Para 1.25 CIO Foundation
(trust deed, royal charter)
How is the charity Para 1.25 Hope City Furniture is registered as a
constituted? CIO
(e.g unincorporated
association, CIO)
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Structure, Governance and Management	Structure, Governance and Management	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	The trustee recruitment process for Hope City Furniture is outlined in the Trustee Recruitment Policy and the expectations of the role are clearly outlined in the Trustee Role Description. New trustees are appointed by the existing trustee board. 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. The prospective trustee is then invited to fill in an application form and references are taken up. 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 Core Practices of Hope City Furniture as expressed in Hope City Furniture’s“Ethos and Core Values.” 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	Trustee Recruitment Policy, Trustee Role Description, Trustee Nomination Form, Trustee Application Form, Trustee Reference Form, Trustee Declaration
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
2 Fiona Fraser Treasurer
3 Richard Fraser
4 Helen Hutchinson
5 Patrick Johnstone
6 Robyn Johnstone
7 David Crump
8 Elizabeth Crump
9 Rai Dass
10
11
12
13
14
15
16
17
18
19
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
	Fiona Fraser
	Treasurer
	10/04/2023
	10/04/2023

HOPE CITY FURNITURE 1181097 Receipts and payments accounts CC16a For the period 01/04/2022 31/03/2023 To from

Section A Receipts and payments

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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 5,562 - - 5,562 -
Donations 2,336 - 2,336 -
Funding 2,000 - 2,000 -
Gift Aid 242 - - 242 -
Other - - - -
- - -
- - - - -
- - - - -
Sub total (Gross income for
- - 10,140 -
AR) [ 10,140 ]
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 10,140 - - 10,140 -
A3 Payments
Literature Purchase 149 - 149 -
Tithe 700 - - 700 -
Cost of Charitable Activities 9,182 - - 9,182 -
Commercial Insurance 1,919 - - 1,919 -
- - -
- - -
- - - -
- - -
Sub total [ 11,801 ] 149 - 11,950 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 11,801 149 - 11,950 -
Net of receipts/(payments) - 1,661 - 149 - - 1,810 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end 16,299 300 - 16,599 -
Cash funds this year end 14,638 151 - 14,789 -
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CCXX R1 accounts (SS)

25/10/2023

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 £ 14,638 151 - - - - 14,638 151 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 10/04/2023 25/10/2023

CCXX R2 accounts (SS)

CCXX R3 account5 ISSI 2511012023