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2023-03-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

VOICES OF HOPE

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1187454

Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

VOICES OF HOPE

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 to 8 Trustees' Report
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 to 19 Notes to the Financial Statements
Page 20 Independent Examiner's Report

2

VOICES OF HOPE

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

CHARITY NUMBER 1187454 DATE OF REGISTRATION 20th January 2020 START OF FINANCIAL YEAR 1st April 2022 END OF FINANCIAL YEAR 31st March 2023 TRUSTEES AT 31ST MARCH 2023 Jeevan Mahesan Nicola Watt Alison Henri Carlene Stanislaus Soon Lee Elisabeth Vernon (Appointed 13th February 2023)

LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 20th January 2020

OBJECTS

1 . The relief of those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage, including social disadvantage. 2 . To advance education of the public in arts, in particular but not exclusively in the art of music, by the presentation of recitals, concerts and other activities as the Trustees shall decide.

CORRESPONDENCE ADDRESS 161A Clarence Street Kingston Upon Thames Surrey KT1 1QT PRIMARY BANKERS Metro Bank Plc 1 Southampton Row London WC1B 5HA INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

3

VOICES OF HOPE

(Charitable Incorporated Organisation)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST MARCH 2023

Summary of the Purposes

• The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, including social disadvantage.

• To advance education of the public in the arts, in particular but not exclusively in the art of music, by the presentation of recitals, concerts and other activities as the trustees shall decide.

Summary of the Main Activities

Creative Arts Projects:

• Choral Activities - provision of musical education and opportunities to participate in concerts, together with social support and reintegration for those in need, including the vulnerable, elderly and those on low incomes.

• Active Breathing Course (ABC) - provision of courses composed of breathing and singing exercises to help improve breathing and lung function. People are referred or self-refer onto the course. VoH works with GPs, social prescribers and LAs to take referrals from those struggling with long-Covid or other long-term respiratory conditions.

Food Projects:

• BRITE Box - provision of healthy meal kits (inclusive of food and illustrated recipes) to families in need to help build resilience through teaching cooking skills and providing healthy food free of charge.

• The Good Food Co-op - a not-for-profit enterprise providing highly subsidised fruit and vegetables for those unable to afford healthy food. Food is acquired on a not-for-profit basis, packed by volunteers and subsidised by full paying customer purchases.

• Cooking courses - in-person courses for young people building skills, providing mentoring and giving free access and support to achieve a level 1 Health & Hygiene qualification.

• The Community Pantry - we provide a space on site where we store fresh, packaged and frozen food for local people who cannot afford to buy food or who are struggling with the increasing cost of living. It is a great initiative that receives food donations from local suppliers/sources; this includes surplus from supermarkets, local food businesses, producers and households.

Women’s Projects:

• The Kingston Women’s Hub - a partnership of organisations providing holistic support to enable women to thrive after experiencing domestic violence, the criminal justice system, abuse, or multiple disadvantages. The partnership offers: crisis support from specialist professional services, individual support through peer mentoring and practical provision to enable healthy living, childcare and parenting support, community support through women's-only activities (with a focus of empowering women, within the context of community, building self esteem, confidence, new skills and hobbies and onward referrals and signposting to additional services across the Borough), Survivor Forums and preventative projects in partnership with the council to collaboratively identify issues, solutions and good practice to be used in training for the relevant services, thus impacting the larger system and culture across our community and Borough.

• Other - provision of regular community activities for those in need - including the socially disadvantaged, the vulnerable, those suffering financial hardship, mental and/or physical ill-health and/or disability and young people at risk socially or at risk of exploitation - with provision of support and opportunity to engage with other support services.

The trustees of VoH have paid due regard to the Charity Commission guidance on public benefit in deciding the activities that the organisation undertook during the year.

Contribution made by Volunteers

The Trustees and Director of VoH would like to record their sincere appreciation to the many volunteers who have helped during this year. Volunteers have given their time to help in many different ways such as catering, hospitality, sound & PA, administration, food distribution and supporting women and young people in the community through various activities and events.

4

VOICES OF HOPE

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

Summary of the Main Achievements

We have continued to run the many projects that VoH set up during and after the pandemic as well as starting a few new initiatives, especially in the areas of helping disadvantaged women and those who are struggling with food scarcity and the growing cost of living within the local community. We continue to partner with Kingston Borough Council and Kingston Voluntary Action and a number of other local organisations to help those in need. A summary of what was achieved is given below:

The Kingston Women’s Hub

The Kingston Women's Hub has enabled a coordinated response in the community via a balance between crisis intervention and long term support and recovery.

New Activities:

• Body & Soul is run by Candice Roggeveen and is a class for ladies to help activate bodies with stretching and movement, reduce anxiety with intentional breathing, and rejuvenate souls with moments of reflective relaxation.

• Outreach Support Worker - supports women with complex needs to navigate access to benefits, practical support to enable healthy living (eg. access to free healthy food and hygiene items) and signposting and support to access specialist services.

• Survivor’s Forum - due to the outstanding partnership of organisations in the Women's Hub, we have been able to form a Survivor's Forum; the first of its kind in Kingston - ensuring that the voices of survivors are heard loud and clear and are incorporated into system and culture change within the local partnership.

• Pearl Project - we have supported and provided an outlet for survivors of abuse within our community by breaking the associated shame and stigma surrounding this and inspiring others through stories of survival, restoration and triumph. Working with professional writers, photographers and film producers, we have shone a light on women's stories through photography, a published book and documentaries at a live event in Kingston leading into the 10 days of Activism for Violence Against Women and Girls.

• Inspiring Young Adults to Lead - as part of our preventative work at the Women’s Hub, and with funding from the Safer Streets HMRC grant, we have developed a programme for boys seeking to address behaviours and attitudes that perpetuate a culture where violence towards women and girls is acceptable. This programme has recently been piloted in its first school with excellent feedback from staff and students. It will continue to be piloted over the next year and we will assess its effectiveness with the view to expanding its reach across the borough.

• Faith Communities Outreach Work - gender based violence towards women and girls often hides within the context of faith communities. This project works with local faith leaders to challenge, inspire and equip them to effectively lead within their community to make it a safe space for women and girls. It involves signposting to initiatives such as White Ribbon Ambassadors, Bystander training, Domestic Violence training, effective safeguarding.

Continuing Activities:

• The Charis Team is run by a wonderful team of women who have come through some of our other initiatives, experienced domestic violence/abuse themselves, and are now in a place where they want to encourage and inspire other women. Referred into from professional agencies, and with the support of the council, they offer peer mentoring support, access to practical help and signposting to additional services.

• Sisterhood Sanctuary - providing regular community activities for those in need - including the socially disadvantaged, the vulnerable and those suffering financial hardship, mental and / or physical ill-health and / or disability - with provision of support and opportunity to engage with other support services.

5

VOICES OF HOPE

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

The BRITE Box Project

Having been in discussions about food insecurity and food hunger clubs with Kingston Council and Achieving for Children, VoH came up with the idea of the BRITE Box - Building Resilience In Today's Environment. The boxes are provided to vulnerable families across Richmond and Kingston. The weekly Family Meal BRITE Box has all the ingredients for a recipe, together with a printed recipe guide with photos illustrating step by step how to cook a healthy meal together as a family. Through our partnership with Achieving for Children, and together with local charities (Growbaby, Man & Boy, Anstee Bridge, Kingston Carers, CiC Balance, AFC youth plus others), VoH has been supporting nearly 500 families with healthy meal recipe kits and have sent out over 24,000 boxes since May 2020 throughout Kingston & Richmond, Southwark and Elmbridge

The Good Food Co-op

The Good Food Co-op was a great initiative, ensuring healthy food was made accessible to those in need by providing highly subsidised fruit and vegetable boxes. From November 2020, VoH has run a weekly pre-order veg and fruit box system, where those unable to afford healthy food can place orders at less than a third of the standard price for such a box. During the course of the year, it was decided to close the Good Food Co-op in Dec 2022 due to the lack of a sufficient target market generating enough income to sustain low-income referrals. The complexities of the increased cost of living impacting both the income generating market and the cost of veg and fruit made the co-op unsustainable and no longer the most effective way to support those in need. We decided to focus on our other food projects where the impact is far greater.

The Community Pantry

The Community Pantry was set up in October 2022 to reduce surplus waste and supply fresh, packaged and frozen food for local people who cannot afford to buy food or who are struggling with the increasing cost of living. Thanks to a grant, we were able to purchase a new stand alone fridge and a separate freezer to store all of the food donations from local suppliers/sources received on a weekly basis. Many of our ladies who come along for the Women’s Hub activities benefit hugely from this initiative.

The Active Breathing Course (ABC)

The Active Breathing Course is designed for those whose breathing is impaired after suffering Covid pneumonia or other long term respiratory conditions. Its purpose is to restore, improve and strengthen lung capacity to build resilience and increase fitness.

With the severity of Covid pneumonia, many people are facing a long recovery process that is unfamiliar to them. Activities such as walking any distance or engaging with even beginner physical activity classes are not in reach because of the impact of Covid pneumonia on the lungs. Given our previous experience of, and knowledge relating to, running elderly choirs that have a significant focus on helping to restore and strengthens lungs, VoH has written the Active Breathing Course (ABC), a six week course to specifically help people to recover from the impact of Covid and other respiratory conditions. ABC has four main teaching blocks each week: Diaphragmatic Breathing, Strength Building by Resistance, Singing for Life, and Creativity and Recovery. The course was funded by the NHS for Kingston and Richmond residents due to its proven effectiveness. Along with funding from grants and individual donations, we ran approximately 20 ABCs online in 2022.

Musical Activities

VoH has sought to provide musical education, support, social reintegration and opportunities to participate in concerts for those in need, including the elderly, unwell and those on low incomes. lt has done this by continuing with the following groups: • Sisterhood Choir - providing musical education and opportunities and social support for women who have experienced domestic violence, abuse or long term physical and / or mental health issues.

• Five choirs for the elderly / those with dementia - at Raleigh Staywell Centre, Coxhill Manor, Galsworthy House, Whiteley Village, Sherwood Grange - providing musical education and opportunities to perform in concerts for the elderly, unwell and mentally disadvantaged, promoting greater mental and physical well-being.

And we have also set up 2 additional choirs in the Elmbridge Borough:

6

VOICES OF HOPE

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MARCH 2023

As a result of all of these activities, participants and beneficiaries have experienced greater physical and mental well-being, overcome social disadvantage, received education in music and participated in concerts as performers or audience members.

Employability

A key aim in everything we do is to support people to thrive; to help them at a point of need but afterwards be a source of hope and practical support to empower them to move forward in their lives. This happens by providing safe spaces where people can rebuild trust, develop meaningful relationships, regain confidence and be given opportunities to contribute, volunteer and be helped into employment as appropriate. We consistently provide volunteering and employment opportunities for those we reach (service users and volunteers) by:

Youth/Students

Volunteers

Women’s Hub

• Providing volunteer placements for women referred from Workingwell - a local organisation supporting people with additional needs into work.

Financial Review

In 2022-23 the organisation had a total income of £380,603 with a net surplus of £10,036. As at 31 March 2023, its net current assets were £106,178, which included a cash balance (deposited and undeposited) of £200,640.

Reserves Policy

The organisation has a reserves policy with an understanding that cash reserves of £20,000 be held at any given time.

Restricted Reserves – Funds linked directly to carried surpluses of individual projects.

Designated Reserves – The reserves built up to the Trustee £20K policy reserve.

Unrestricted Reserves – Surplus funds which could be used for any general purpose within the CIO.

7

VOICES OF HOPE FOR THEYEAR El￿)ED 31ST IAARCH 2029 eEVAA NAIIESAfvJ

VOICES OF HOPE

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations, Grants & Legacies
3a
Charitable Activities
3b
Investment Income
3c
Activities for Generating Funds
3d
Other Incoming Resources
3e
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
Funds Brought Forward
Transfer Between Funds
5 & 6
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
£
13,832
-
280,822
294,654
190,262
13,472
-
41,988
55,460
93,714
35
-
-
35
1
-
-
4,336
4,336
3,465
-
-
22
22
259
27,339
-
327,168
354,507
287,700
37,571
-
299,931
337,502
260,791
1,400
-
5,569
6,969
13,682
38,971
-
305,500
344,471
274,473
(11,632)
-
21,668
10,036
13,227
13,504
-
82,638
96,142
82,915
15,087
17,858
(32,945)
-
-
16,959
17,858
71,361
106,178
96,142

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 11 to 19 form part of these financial statements.

9

VOICES OF HOPE BALANCE SHEEr ASAT 31ST IAARCH 2tr23 S141￿13 314A•r.22 IOD211 10IW 2tOM40 199X JOQ.051 27 C4#h •t Blnk Hv 97.976 11n 123.099 17m4 I7m4 gx Iflxl 127 177 18A52 3U17 T1.￿1 11A1T8 96.142 W17 711 100.ln 142 17 711 11A178 142 141959 t7Me 71.361 17AS8 71J61 TOW Funth 17 71 ln 142 I6&￿ 2 023 io

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

11

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Straight Line Basis

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this or the previous financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st March 2023 : None

31st March 2022 : None

12

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gift Aid Donations
Gift Aid Tax
Gifts & Donations
Grants Received
b) Charitable Activities
Activities & Projects
Core Cost Recovery
Course & Session Fees
Food Products
Management Income Fees
c) Investment Income
Interest
d) Activities for Generating Funds
Fundraising Income
e) Other Incoming Resources
Sundry Income		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
£
8,350
-
430
8,780
13,500
335
-
2,098
2,433
1,291
4,147
-
50,070
54,217
38,533
1,000
-
228,224
229,224
136,938
13,832
-
280,822
294,654
190,262
1,125
-
1,325
2,450
844
-
-
-
-
24,536
60
-
16,724
16,784
9,352
417
-
18,704
19,121
58,982
11,870
-
5,235
17,105
-
13,472
-
41,988
55,460
93,714
35
-
-
35
1
35
-
-
35
1
-
-
4,336
4,336
3,465
-
-
4,336
4,336
3,465
-
-
22
22
259
-
-
22
22
259

13

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Advertising & Publicity
Art & Craft Materials
Bank Charges
Cleaning Costs
Equipment Costs
Food Costs
Fundraising Costs
Gifts & Donations
Grants & Awards
Insurance Costs
Licenses & Subscriptions
Music Resources
Office Costs
Printing & Packaging
Rent & Rates
Repairs & Maintenance
Staff Costs
14
Sundry Expenses
Training Costs
Travel & Subsistence
Tuition Fees
Volunteers Costs
Website Costs
b) Governance Costs
Independent Examiners Fees
10
Legal & Professional Fees		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2022/23
2021/22
£
£
£
£
£
13
-
3,459
3,472
854
63
-
2,791
2,854
1,486
134
-
83
217
285
34
-
44
78
212
54
-
2,993
3,047
3,263
1,504
-
60,807
62,311
57,033
49
-
2,399
2,448
1,840
3,244
-
20,014
23,258
21,587
453
-
7,210
7,663
20,077
924
-
-
924
601
926
-
1,571
2,497
1,049
-
-
-
-
82
-
-
-
-
800
489
-
8,833
9,322
11,069
-
-
6,435
6,435
200
353
-
75
428
21
26,623
-
181,540
208,163
137,668
562
-
-
562
78
715
-
426
1,141
294
-
-
108
108
25
-
-
-
-
993
831
-
1,142
1,973
825
600
-
-
600
451
37,571
-
299,931
337,502
260,791
1,050
-
-
1,050
850
350
-
5,569
5,919
12,832
1,400
-
5,569
6,969
13,682

14

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

5. RESTRICTED FUNDS

CURRENT FINANCIAL PERIOD

Active Breathing Course
Brite Box Kingston Fund
Brite Box Blossom House
Brite Box Elmbridge
Brite Box Hounslow
Brite Box Social Franchise
Brite Box Trading
Choral Activities
Choirs
HAF Creative Space Trading
Jubilee of Meaningful Memories
Community Fridge
Community Garden Fund
Cooking Classes
Employability Fund
Cycle of Change
Dinner for Hope
Good Food Co-Op Fund
Growbaby (Vineyard)
Refugee Action Boxes
Body & Soul Exercise Class
Pearl Project
Preventive Works/Safer Streets
Sister Sanctuary
Survivors' Forum
Women's Hub
Choral Activities
Food Charity Project
Food Hub
Food Trading Project
Korean Food Hub
DofE Trading Fund		 Balance
Balance
01-Apr-22
Income
Expenditure
Transfers
31-Mar-23
£
£
£
£
£
3,794
18,822
12,970
(68)
9,578
46,550
107,778
113,858
(9,720)
30,750
-
4,800
-
-
4,800
-
21,073
14,705
-
6,368
-
5,000
556
-
4,444
-
20,500
17,421
-
3,079
-
-
303
303
-
-
-
-
-
2,396
21,026
21,298
(539)
1,585
-
1,600
1,600
-
-
-
5,040
5,000
-
40
-
3,000
1,920
-
1,080
(1,437)
6,609
1,700
(3,000)
472
3,880
79
3,244
(715)
-
15,483
806
16,289
-
-
-
25
27
2
-
-
3,575
3,825
250
-
6,510
15,207
17,901
(3,008)
808
-
-
952
952
-
-
620
540
-
80
-
1,101
1,132
31
-
-
7,413
7,567
154
-
-
28,319
28,319
-
-
(1,009)
15,675
7,912
(1)
6,753
-
2,282
1,208
450
1,524
70
36,818
25,253
(11,635)
-
1,746
-
-
(1,746)
-
15,763
-
-
(15,763)
-
(11,831)
-
-
11,831
-
918
-
-
(918)
-
149
-
-
(149)
-
(344)
-
-
344
-
82,638
327,168
305,500
(32,945)
71,361

During the financial period the Trustees of Voices of Hope have agreed to transfer general funds to discontinued restricted operations in order to mitigate projects losses and deficits during the financial period in order to present a true and fair view of the restricted funds held by the Charity as at the 31st March 2023.

15

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

5. RESTRICTED FUNDS (Continued)

PREVIOUS FINANCIAL PERIOD

Active Breathing Course
Brite Box Kingston Fund
Choral Activities
Choral Activities - Whiteley Fund
Community Garden Fund
Food Charity Project
Food Hub
Food Trading Project
Good Food Co-Op Fund
Korean Food Hub
Sister Sanctuary
3D Youth Cooking Classes
DofE Trading Fund
Employability Fund
Women's Hub		 Balance
Balance
01-Apr-21
Income
Expenditure
Transfers
31-Mar-22
£
£
£
£
£
(584)
21,481
17,103
-
3,794
13,917
136,962
104,329
-
46,550
(553)
9,277
6,328
-
2,396
1,746
-
-
-
1,746
-
4,337
5,774
-
(1,437)
15,763
-
-
-
15,763
(3,730)
4,654
12,755
-
(11,831)
918
-
-
-
918
30,775
34,184
58,449
-
6,510
149
-
-
-
149
2,410
-
3,419
-
(1,009)
-
10,218
6,338
-
3,880
-
2,250
2,594
-
(344)
-
20,000
4,517
-
15,483
-
1,050
980
-
70
60,811
244,413
222,586
-
82,638

Restricted funds are wholly represented by the charity's cash reserves and are to be expended as specified above.

6. DESIGNATED FUNDS

CURRENT FINANCIAL PERIOD

Designated Reserve Fund Balance
Balance
01-Apr-22
Income
Expenditure
Transfers
31-Mar-23
£
£
£
£
£
-
-
-
17,858
17,858
-
-
-
17,858
17,858

Designated funds are wholly represented by the charity's cash reserves and are to be expended as specified above.

16

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

7. INVESTMENTS

The CIO held no fixed assets investments during this or the previous financial period.

8. CASH AT BANK AND IN HAND

Cash at Bank & in Hand Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-23
31-Mar-22
£
£
£
£
97,976
102,664
200,640
96,397
97,976
102,664
200,640
96,397

9. DEBTORS AND PREPAYMENTS

Gift Aid Tax Refund
Sundry Debtors		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-23
31-Mar-22
£
£
£
£
2,083
-
2,083
3,530
1,783
96,345
98,128
23,772
3,866
96,345
100,211
27,302

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiners Fees
PAYE & N.I
Sundry Creditors		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-23
31-Mar-22
£
£
£
£
1,050
-
1,050
850
5,217
-
5,217
4,332
10,757
-
10,757
3,822
17,024
-
17,024
9,004

11. DEFERRED INCOME: GRANTS AND DONATIONS RECEIVED IN ADVANCE

Grants & Donations Received in Advance Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-23
31-Mar-22
£
£
£
£
50,000
127,648
177,648
18,552
50,000
127,648
177,648
18,552

The deferred income represent the grants and donation received by the Charity in advance and intended for future Charitable purposes. The grants and donations received in advance have therefore been carried forward for use as intended and the funds will be recognised in the Statement of Financial Activity in the coming financial period.

17

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

12. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The CIO held no long term liabilities during this or the previous financial period.

13. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Mar-23
31-Mar-22
£
£
£
£
-
-
-
-
34,817
71,361
106,178
96,142
-
-
-
-
34,817
71,361
106,178
96,142

14. STAFF COSTS AND NUMBERS

Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities		 TOTAL
2022/23
£
191,422
7,797
8,944
208,163
TOTAL
2022/23
10		 TOTAL
2021/22
£
124,675
5,986
7,007
137,668
TOTAL
2021/22
7

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000.

15. TRUSTEES AND OTHER RELATED PARTIES

The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees or any related parties during the financial period.

No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

18

VOICES OF HOPE

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

16. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the unrestricted reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

17. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

18. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake

19

VOICES OF HOPE {Charttable l￿w￿rated Organv6aticffi INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS RerM)rt to the trustee81 memtrs of VO￿ of Hope on ts xcounts for the y￿r end•J 31 Ma￿h 2023 set rjjt on pages 9 to 19. Ra8POCtlw r•8pon4WIMl•s oltrust•M and •xarnlnor Tl Charty￿ trustees ar8 reskM)nsiNe ￿ the preparatK>n of ts p<counts. The charity's Intst88s consKler that an au(Jit is nol requirwj for this year undgr ¥g¢t￿n 144 01 the Chants £t 2011 (the Chariligs A¢ll U)at an MNJwr¥Jent examinalK)n is needed. It 1$ my ￿¥pO￿lb1Ity to- •xarnine the aCCo￿ts under 145 of lh8 Charitk8S ACL Idlow th¢ procedures Laid dovm in the 9gngrn1 Dir￿¢￿$ qfv￿ by tm Charty Ccffimisslon lunder 8ectk)n 14SISllbl of Ihe Charitw Ad, and Ba￿$ of Ind•P￿d•￿t •x•mln•r'• My examination wa¥ ￿rr￿d ¢yJt in accordan￿ wilh gènBral th.rectic￿ gNon by th• Charty Ctsmmiwon. An ¢xaminallon includ8S 8 reviv of the acc¥)unting records k8Pt by th¢ aThJ a c¢xnparison ol Ihg pre8ente(I with thos8 record8. It al80 includau eon8•J8ration of any unLL8v81 itents or d￿dCAuTeS in the accounts. 8nd ￿kIng •Xp￿natIons Irom Iht trustèo$ ¢on¢ernir4 any 8uch mattèrs. Thg wmlures uThJertaken do not provth all wdence th81 would tl roqulr¢d in •n audSL corswuentty ng oplnky) i• 9IVWI as to whother th¢ xoxsnt8 prew)t a 'tru8 and fair, w8w and th8 r•wt Is Ilmited to tha89 maiter8 set In th8 siat•mwt bekjw. Ind•p•nd•nt •¥•mln•ei slat•rnqnt In conn8￿10￿ wlth my examinal￿n. no matter hag cc¥Tr)o to my altenlion: whkh gives rno roaeonable cg¢A• to bo1￿8 Ihal in any rnatarial fwe( Iho wthmente." to keep acC￿n11n9 r•cords in accc(dar￿9 wih seclk)n 130 of th8 Charities ACL and to prepare acccdjnts rylh th8 aL￿r￿1￿9 WKI comtyy wNh tha ac£ountlng r•qulr•m8nts of Ihe C￿ritI*S Act hav8 r￿1 t4èn rnèt.. Or to In my opinr￿. )tt¢nticn be dra1￿ in cKd•r to énablè 4 proper undersIa￿lIr￿a ol the accounts to b8 reached. K. Collaku MAAT Castle VMY Accounting Ltd New Barn Mudberry Lane Bosham Chiches¢er West Sus5eX P018 8TS Dale.. 23rd November 2023 20