2022-08-31-accounts - Hopespring

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Trustees		Ms Lois Gott
		Dr Chikezie Okike
		Dr Myra Hannah	Herbert
		Ms Joanne Dunnett
Charity number		1183771
Registered	office	10Sea View Road West
		Sunderland
		Tyne and Wear
		SR2 9HA
Auditor		Robson Laidler Accountants		Limited
		Fernwood House
		Fernwood Road
		Jesmond
		Newcastle upon Tyne
		NE2 1TJ
Bankers		Lloyds Bank
		54 Fawcett Street
		Sunderland
		Tyne and Wear
		SR1 1SF

		Page
Trustees' report		1-4
Independent auditor's	report	5-7
)
Statement offinancial	activities	8-9
Balance sheet		10
Statement ofcash flows
Notes to the financial	statements	12-22

Current financial year
			' Unrestricted	Restricted	Total	Total
			funds	funds
		Notes	2022 F	2022	2022 f	2021f
Income and endowments	from:
Donations and legacies		2	40,971	49,453	90,424	132,021
Charitable activities		3	1,050,198		1,050,198	624,255
Investments		4	25		25	13
Other income		5	18,922		18,922	34,794
Total income			1,110,116	49,453	1,159,569	791,083
Charitable activities			981,507	49,453	1,030,960	737,682
Net income for the year/
Net movement in funds			128,609		128,609	53,401
Fund balances at 1 September 2021			146,092		146,092.	92,691
Fund balances at 31August 2022			274,701		274,701	146,092

Prior financial year
			Unr'estricted	Restricted	Total
			funds	funds
		Notes	2021	2021f	2021 F
Income and endowments	from:
Donations and legacies		2	73,666	58,355.	132,021
Charitable activities		3	,621,688	2,567	624,255
Investments		4	13		13
Other income		5	34,794		34,794
Total income			730,161	60,922	791,083
Charitable activities			671,789	65,893	737,682
Net income for the year/
Net movement in funds			58,372	(4,971)	53,401
Fund balances at 1 September 2020			87,720	4,971	92,691
Fund balances at 31August 2021			146,092		146,092

				2022		2021
			Notes	E		F
Fixed assets
Tangible assets			12		21,352		35,451
Current assets
Debtors			13	41,762		45,082
Cash at bank and	in	hand		364,861		257,955
				.406,623		303,037
Creditors: amounts		falling due within
one year			15	(125,794)		(154,916)
Net current assets					280,829		148,121
Total assets less	current liabilities				302,181		183,572
Creditors: amounts		falling due after
more than one year			16		(27,480)		(37,480)
Net assets					274,701		146,092
Income funds
Unrestricted funds					274,701		146;092
					274,701		146,092

					2022		2021
				Notes	f		K
Cash flows from operating		activities
Cash generated from operations				22		119,577		112,710
Investing	activities
Purchase	oftangible fixed assets						(18,336)
Investment	income received				25		13
Net cash generated from/(used			in)
investing	activities					25		(18,323)
Financing	activities
Repayment	ofbank loans				(12,696)		(12,125)
Net cash	used in financing	activities				(12,696)		(12,125)
Net increase in cash and cash			equivalents			106,906		82,262
Cash and	cash equivalents	at beginning		ofyear		257,955		175,693
Cash and	cash equivalents	at end of		year		364,861		257,955

Leasehold improvements	25'/0 straight	line
Fixtures and fittings	25'%%d straight	line
Computers	25'/0 straight	line
Motor vehicles	25'%%d straight	line

			Unrestricted	Restricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	.	funds		funds	funds
			2022 K		2022 E	2022	2021f	2021 F	2021 E
Donations and	gifts		40,971		6,120	47,091	25,065	6,108	31,173
Grants receivable					43,333	43,333	43,601	52,247	95,848
Donated goods	and
services							5,000		5,000
			40,971		49,453	90,424	73,666	58,355	132,021
Grants receivable		for
core activities
Ballinger Trust	Grant				15,000	15,000		15,000	15,000'
Trusthouse Grant					23,333	23,333
Winter Offer Funding					2,000	2,000
Crisis Support	Funding				3,000	3,000
Tesco Grant								1,000	1,000
CAF Grant							43,601		43,601
Winter Resilience		Fund						15,811	15,811
Access Impact	Fund
Grant								8,881	8,881
Covid-19 Grant								8,155	8,155
SCC Grant								1,500	1,500
Other								1,900	1,900
					43,333	43,333	43,601	52,247	95,848

3	Charitable	Charitable	activities	activities
					Charitable	Charitable
					activities	activities
					2022	2021
						F
	Placement		and referral income		1,050,198	621,688
	Housing	benefit income				2,567
					1,050,198	624,255
	Analysis		by	fund
	Unrestricted			funds	1,050,198	621,688
	Restricted		funds			2,567
4	Investments
					Unrestricted	Unrestricted
					funds	funds
					2022f	2021f
	Interest receivable				25	13
5	Other income
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					f
	Other income				4,032
	Volunteer		rental income		14,890	34,794
					18,922	34,794

			Charitable	Charitable
			Expenditure	Expenditure
			2022	2021
			f	f
Staff costs			667,881	379,734
Depreciation	and impairment		14,099	14,099
Other staff costs			39,236	26,424
Building and	premises		189,150	198,293
Direct activity. costs			57,404	37,409
ITand computer costs			9,322	7,698
			977,092	663,657
Share ofsupport costs (see		note 7)	7,756	5,669
Share ofgovernance-costs		(see note 7)	46,112	68,356
			1,030,960	737,682
Analysis by	fund
Unrestricted	funds		981,507	671,789
Restricted funds			.49,453	65,893
			1,030,960	737,682

		Support. costs	Support. costs	Support. costs
l					Support	Governance	2022		Support	Governance		2021
					costs	costs			costs	costs
							f	'	E	E'
		Administration and
		communication			7,756		7,756		4,337			4,337
	-	Payroll and		bookkeeping
		fees							1,332			1.332
		Audit fees				5,184	5,184
		Legal and	professional			40,928	40,928			64,936		64,936
		'Independent		examiners
		fees								3,420	.	3,420
					7,756	46,112	53,868		5,669	.68,356		74,025
		Analysed	between
		Charitable		activities	7,756	46,112	53,868		5,669	68,356		74,025

The average		monthly number ofemployees during th	e year was:
			2022	2021
			Number	Number
Employees			27	17
Employment		costs	2022	2021
			F	E
Wages'and	salaries		599,354	337,368
Social security costs			45,085	21,944
Other pension		costs	23,442	20,422
			667,881	379,734

12	Tangible fixed assets	Tangible fixed assets
				Leasehold	Fixtures and	Computers	Motor vehicles	Total
				improvements	fittings
				f		E	E
	Cost
	At 1 September 2021			22,973	6,554	21,868	5,000	56,395
	At 31August	2022		22,973	6,554	21,868	5,000	56,395
	Depreciation	and impairment
	At 1 September 2021			8,152	2,671	8,872	1,250	20,945
	Depreciation	charged	in the year	5,743	1,638	5,467	1,250	14,098
	At 31August	2022		13,895	4,309	14,339	2,500	35,043
	Carrying amount
	At 31August	2022		9,078	2,245	7,529	2,500	21,352
	At 31 August	2021		14,821	3,884	12,996	3,750	35,451
13	Debtors
							2022	2021
	Amounts falling due		within one year:				f	E
	Trade debtors						10,917	28,531
	Prepayments	and accrued income					30,845	16,551
							41,762	45,082
14	Loans and overdrafts
							2022	2021
								E
	Bank loans						37,500	50,196
	Payable within	one year					10,020	12,716
	Payable aRer	one year					27,480	37,480

15	Creditors: amounts		falling	falling	due within one year
							Notes	2022f	2021f
	-Bank loans						14	10,020.	12,716
	Other taxation and social security							21,162	17,232
	Deferred income						17	.83,980	98,980
	Other creditors				\|		3,505	2,559
	Accruals and deferred			income				7,127	23,429
								125,794	154,916
16	Creditors: amounts		falling		due after more than one	year			l
							i Notes	2022f	2021f
	Bank loans						14	27,480	37,480
17	Deferred income
								2022f	2021f
	Other deferred income							83,980	98,980
	Deferred income is	included			in the financial statements	as follows:,
								'
								2022 f	2021f
	Deferred income is	included			within:
	Current liabilities							83,980	98,980
	Movements in the year:
	Deferred income at	1	September 2021					98,980	50,540
	Released from previous			periods				(98,980)	(50,540)
	Resources deferred	in		the year				83,980	98,980
	Deferred income at	31		August 2022				83,980-	98,980

		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1 September	resources	expended	1 September	resources	expended	31August
	2020			2021			2022
	F	f	F	f	f	F	if
Covid-19 Job
Retention
Scheme		8,154	(8,154)
Mother and
Baby Home		10,437	(10,437)		23,333	(23,333)
Children' s
Home	2,450	13,474	(15,924)
Sunderland
School		18,828	(18,828)		15,000	(15,000)
Newcastle
School		1,928	(1,928)
Christmas
Appeal	2,521	6,700	(9,221)		11,120	(11,120)
Equipment
fund		1,400.	(1,400)
	4,971	60,921	(65,892)		49,453	(49,453)

Analysis ofnet assets	between funds
	Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
	funds		funds		funds	funds
	2022 f.	'	2022 P	2022	2021 E	2021 f	2021f
Fund balances at 31
August 2022 are
represented by:
Tangible assets	21,352			21,352	35,451		35,451
Current assets/(liabilities)	280,829			, 280,829	148,121		148,121
Long term liabilities	(27,480)			(27,480)	(37,480)		(37,480)
	274,701			274,701	146,092		146,092

	2022	2021
	E	E
Within one year	86,338	86,338
Between two and five years	295,625	381,963
	381,963	468,301

22	Cash generated from	operations	operations					2022	2021
									E
	Surplus for the year							128,609	53,401
	.Adjustments for:
	Investment income recognised in statement				offinancial	activities		(25)	(13)
	Depreciation and impairment oftangible			fixed assets				14,099	14,099
	Movements in working	capital:
	Decrease/(increase) in	debtors						3,320	(40,859)
	(Decrease)/increase in	creditors						(11,426)	37,642
	(Decrease)/increase in	deferred	income					(15,000)	48,440
	Cash generated from	operations						119,577	112,710
23	Analysis ofchanges	in net funds
							At 1 September	Cash fiows	At 31August
							2021		2022
							E		F
	Cash at bank and in hand						257,955	106,906	364,861
	Loans falling due within	one year					(12,716)	2,696	(10,020)
	Loans falling due after	more than	one year				(37,480)	10,000	(27,480)
							207,759	119,602	327,361