REGISTERED COMPANY NUMBER: 07358655 (England and Wales) REGISTERED CHARITY NUMBER: 1183254
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
for
Hope House (Chesterfield) Ltd (A Company Limited by Guarantee)
Chris Edwards Chartered Accountants Clamarpen 17 Napier Court Gander Lane Barlborough Chesterfield Derbyshire S43 4PZ
Hope House (Chesterfield) Ltd
Contents of the Financial Statements for the year ended 31 August 2024
| Page | |||
|---|---|---|---|
| Reference and administrative details | 1 | ||
| Report of the trustees | 2 | to | 3 |
| Independent examiner's report | 4 | ||
| Statement of financial activities | 5 | ||
| Balance sheet | 6 | ||
| Notes to the financial statements | 7 | to | 9 |
| Detailed statement of financial activities | 10 |
Hope House (Chesterfield) Ltd
Reference and Administrative Details for the year ended 31 August 2024
Trustees Mr A J Travis Mrs V A Noble Mrs K D Riley Mr M R Hoare Mr R Blackwell Mr P Willis Rev S A Beecham Registered office St Thomas Church Chatsworth Road Chesterfield Derbyshire S40 3AW Registered company number 07358655 (England and Wales) Registered charity number 1183254 Independent examiner Chris Edwards Chartered Accountants Clamarpen 17 Napier Court Gander Lane Barlborough Chesterfield Derbyshire S43 4PZ
Page 1
Hope House (Chesterfield) Ltd
Report of the Trustees
for the year ended 31 August 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 1 January 2019).
The trustees present their report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement 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 1 January 2019)".
Objectives and activities Objectives and aims
The charity's objects are:
-
to relieve poverty among the homeless and those at risk of homelessness in Chesterfield and North East Derbyshire by providing accommodation, grants and services including advocacy and advice.
-
to work with other charities and agencies in Chesterfield and North East Derbyshire to assist the individuals supported by the charity to live independently within the community.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Financial review
Financial position
The number of residents living at the property achieved over 90 % occupancy through the year. As it qualifies as exempt accommodation the charity receives housing benefit in respect of each resident. Additionally each resident pays a modest service charge as a contribution to the cost of food and support. The volume of regular monthly donations by standing order continues to increase and the charity is registered for gift aid. Total income for the year was £241,793 (2022/23 £212,164), of which £44,096 came from regular and one-off charitable donations, £35,566 from donations from corporate and other organisations, and £162,131 from housing benefit, residents' service charges and gift aid.
The staffing consists of a manager, support staff and voluntary workers, who give a 24/7 round the clock cover for the residents. All staff who qualified have been enrolled in the workers pension scheme administered by The People's Pension. Staff salaries amounted to £151,337 for the year (2022/23 £119,721).
The outstanding liability of £12,500 at 31st August 2023, in the form of loans to private individuals was completely settled during the year.
It is the policy of the charity to continue to build up over time sufficient reserves to enable it to cope with unexpected costs or a significant change in income. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 2
Hope House (Chesterfield) Ltd
Report of the Trustees for the year ended 31 August 2024
The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 10 May 2018. It is a registered charity with the Charity Commission.
The trustees, 3 of whom are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs K D Riley - Chair Mr A J Travis Mrs V Noble Mr M R H Hoare Rev. S-A Beecham Mr P Willis Mr R Blackwell
New trustees are recruited from individuals living locally who are known to share the objectives of the charity and are able to commit their time and skills to developing the charity. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts;
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pay in accordance with the company's contractual and other legal obligations.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr A J Travis - Trustee
Page 3
Independent Examiner's Report to the Trustees of Hope House (Chesterfield) Ltd
Independent examiner's report to the trustees of Hope House (Chesterfield) Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Chris Edwards Chartered Accountants
Chris Edwards Chartered Accountants Clamarpen 17 Napier Court Gander Lane Barlborough Chesterfield Derbyshire S43 4PZ
Date: .............................................
Page 4
Hope House (Chesterfield) Ltd
Statement of Financial Activities for the year ended 31 August 2024
| 2024 Unrestricted fund Notes £ Income and endowments from Donations and legacies 2 44,096 Charitable activities Charitable activities 20,811 Other income 176,886 Total 241,793 Expenditure on Charitable activities Admnistrative expenses 223,194 NET INCOME 18,599 Reconciliation of funds Total funds brought forward 25,642 Total funds carried forward 44,241 |
2023 Total funds £ 58,526 |
|---|---|
| 21,769 | |
| 131,869 | |
| 212,164 | |
| 183,546 | |
| 28,618 | |
| (2,976) | |
| 25,642 |
Continuing operations
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 5
Hope House (Chesterfield) Ltd
Balance Sheet 31 August 2024
| 2024 Unrestricted fund Notes £ Fixed assets Tangible assets 6 24,617 Current assets Debtors 7 1,149 Cash at bank and in hand 21,711 22,860 Creditors Amounts falling due within one year 8 (3,236) Net current assets 19,624 Total assets less current liabilities 44,241 NET ASSETS 44,241 Funds Unrestricted funds 44,241 Total funds 44,241 |
2023 Total funds £ 3,969 2,932 33,786 |
|---|---|
| 36,718 | |
| (15,045) 21,673 25,642 |
|
| 25,642 | |
| 25,642 25,642 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Mr A J Travis - Trustee
............................................. Mrs K D Riley - Trustee
The notes form part of these financial statements
Page 6
Hope House (Chesterfield) Ltd
Notes to the Financial Statements for the year ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Short leasehold | - in accordance with the property |
|---|---|
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 33% on reducing balance |
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations and gifts | 2024 £ 44,096 |
2023 |
| £ | ||
| 58,526 |
Page 7
continued...
Hope House (Chesterfield) Ltd
Notes to the Financial Statements - continued for the year ended 31 August 2024
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 6,274 | 1,992 |
| Hire of plant and machinery | 3,785 | 3,014 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Short leasehold £ Cost At 1 September 2023 8,676 Additions 26,922 At 31 August 2024 35,598 Depreciation At 1 September 2023 5,170 Charge for year 5,932 At 31 August 2024 11,102 Net book value At 31 August 2024 24,496 At 31 August 2023 3,506 |
No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Short leasehold £ Cost At 1 September 2023 8,676 Additions 26,922 At 31 August 2024 35,598 Depreciation At 1 September 2023 5,170 Charge for year 5,932 At 31 August 2024 11,102 Net book value At 31 August 2024 24,496 At 31 August 2023 3,506 |
2024 9 Fixtures and Computer fittings equipment £ £ 703 1,120 - - 703 1,120 406 954 176 166 582 1,120 121 - |
2024 9 Fixtures and Computer fittings equipment £ £ 703 1,120 - - 703 1,120 406 954 176 166 582 1,120 121 - |
2023 |
|---|---|---|---|---|
| 9 | ||||
| Totals £ 10,499 26,922 37,421 6,530 6,274 12,804 24,617 |
||||
| 3,506 | 297 | 166 | 3,969 |
Page 8
continued...
Hope House (Chesterfield) Ltd
Notes to the Financial Statements - continued
for the year ended 31 August 2024
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||||
|---|---|---|---|---|
| Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses |
2024 £ 1,149 2024 £ 1,235 901 1,100 3,236 |
2023 £ |
||
| 2,932 | ||||
| 2023 £ |
||||
| 1,445 | ||||
| 12,500 1,100 15,045 |
||||
9. RELATED PARTY DISCLOSURES
STB (Hope House Ltd), a related company, was dissolved on 23 April 2023. Hope House (Chesterfield) Ltd acquired the outstanding loans of £28,000 from STB (Hope House) Ltd and following their agreement lenders converted their loans, either in full or in part, to donations. The amount outstanding on these loans is £nil (2023: £12,500).
Page 9
Hope House (Chesterfield) Ltd
Detailed Statement of Financial Activities for the year ended 31 August 2024
| Income and endowments Donations and legacies Donations and gifts Charitable activities Sales within charitable activities Other income Other income Total incoming resources Expenditure Charitable activities Wages Social security Pensions Repairs & maintenance Rates Insurance Light and heat Telephone Residents costs Other expenditure Rent Training Subscriptions Short leasehold Fixtures and fittings Computer equipment Support costs Governance costs Accountancy fees Total resources expended Net income |
2024 £ 44,096 20,811 176,886 241,793 144,008 4,525 2,804 3,785 1,248 4,229 10,984 1,158 10,672 977 30,869 236 35 5,932 176 166 221,804 1,390 223,194 18,599 |
2023 £ 58,526 21,769 131,869 212,164 114,942 2,836 1,943 3,014 957 3,707 8,806 800 7,273 4,930 30,869 144 84 1,446 176 370 182,297 1,249 183,546 28,618 |
|---|---|---|
This page does not form part of the statutory financial statements
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