2024-03-31-accounts - Hope City Furniture

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 01/04/2023 To 31/03/2024

Charity name: Hope City Furniture

Charity registration number: 1181097

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 purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Hope City Furniture works in partnership with many different 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 around 175 referrals and gave away over 750 items of furniture. Those referred to us included refugees (in particular many Ukrainians who were moving on from host families), 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 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 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	Hope City Furniture is hugely grateful and acknowledges the essential contribution made by volunteers in running the charity over the past year – especially Richard Fraser, Fiona Fraser, Phil Batten, and Andrew Vaughan. We are also grateful for those who support us in ancillary roles – Elaine Nanson who makes us New Home cards and Francis Chan for his invaluable IT

support. Other

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 around 175 referrals and has given away over 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 100 items of second-hand furniture primarily for upcycling. This, together with the furniture given away totals over 850 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

Review of the charity’s financial position at the end of the period	Para 1.21	The opening balance at 01/04/2023 was £14,788.74 of which £150.28 was restricted to literature purchase. Total receipts for the period of this report were £15,690.44 of which £2,500 was restricted funding received from WEC International for renovating and equipping the furniture restoration workshop. Unrestricted income came primarily from sales of donated goods and unrestricted donations. We also received a grant of £2,500 from Foundation Derbyshire. Expenditure for the period was £13,721.50, of which £150.28 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 receipts over expenses giving a total profit of £1,968.94 and a closing balance of £16,757.68 of which £2,500 was restricted for the furniture restoration workshop.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Hope City Furniture has a reserves policy which states the charity aims to always have three months (approximately £3,500) of operating costs in the bank account. 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 31st March 2024 Hope City Furniture’s closing balance was

		£16,757.68 of which £2,500 was restricted.
Amount of reserves held	Para 1.22	£3,500
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

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	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

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

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Paul Hutchinson	Chair
Fiona Fraser	Treasurer	Resigned 06/02/2024
Richard Fraser		Resigned 06/02/2024
Helen Hutchinson
Patrick Johnstone
Robyn Johnstone
David Crump
Elizabeth Crump
Rai Dass

– 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) Fiona Fraser Position (eg Secretary, CEO Chair, etc) Date 30/04/2024

HOPE	CITY FURNITURE	CITY FURNITURE		1181097
	Receipts andpayments accounts				CC16a
For	the period from	4/1/2023	To	3/31/2024

Section A Receipts and payments

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts Activities forgeneratingfunds 4,410 Donations 6,218 Funding 2,500 Gift Aid 62 Other - - 13,190 Unrestricted funds to the nearest £ *Sub total*(Gross income for AR)		to the nearest £ - 2,500 - - - - 2,500 Restricted funds	to the nearest £ - - - - - - - - - Endowment funds	Total funds to the nearest £ 4,410 6,218 5,000 62 - - - - 15,690	Last year to the nearest £
Activities forgeneratingfunds	4,410	-	-	4,410	-
Donations	6,218		-	6,218	-
Funding	2,500	2,500	-	5,000	-
Gift Aid	62	-	-	62	-
Other		-	-	-	-
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	-	-	-	-	-
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*Sub total*(Gross income for AR)	13,190	2,500	-	15,690	-
- - Sub total - Total receipts 13,190 A2 Asset and investment sales, (see table).		- - - 2,500	- - - -	- - - 15,690

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		2,500	-	15,690	-

A2 Asset and investment sales,
(see table).
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*Sub total*	-	-	-	-	-

**Total receipts **	13,190	2,500	-	15,690	-

150 - - - - 150 - - - 150 2,350 - 150 2,500	- - - - - - - - - - - - - - - - -	358 900 8,423 2,015 120 1,905 - - 13,721 - - - 13,721 1,969 - 14,788 16,757
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2,350	-	1,969	-
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150	-	14,788	-
2,500	-	16,757	-

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Details Details Details Ford Transit Van Details Signature *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ to nearest £ 14,257 2,500 - - - - 14,257 2,500 OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) 16,440 - - - - - - - - - - - Print Name Fiona Fraser Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
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			OK
			to nearest £ Endowment funds
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			Current value (optional)
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			Date of approval
		Fiona Fraser	4/30/2024