# **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.
- Kingston Voices Choir - providing education in music and a sense of wellbeing by being part of a community.
And we have also set up 2 additional choirs in the Elmbridge Borough:
- Cobham Voices - providing education in music and a sense of wellbeing by being part of a community.
- Link Voices - providing education in music for those with physical and mental disabilities.
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**
- Running volunteer sessions for young people with special educational needs (SEN) / at risk of social exclusion and for the government’s Head2work scheme.
- Upskilling youth on our 3D cooking courses with health & hygiene certificates and employment skill sessions.
- Training and employing University graduates to run our Active Breathing Course.
- Providing placements for Kingston University students as part of their course requirements.
## **Volunteers**
- Upskilling our adult volunteers with health & hygiene certificates and community training.
- Providing 1-1 support to find new employment.
- Providing employment opportunities through our projects.
## **Women’s Hub**
- Training and employing women who have come through our projects to run choir sessions in the community.
- Training and employing women to run our Active Breathing Course.
• Providing volunteer placements for women referred from Workingwell - a local organisation supporting people with additional needs into work.
- Providing upskilling through our community training and employment skills sessions.
## **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
S14113 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
71*1
100.ln
142
17
71*1
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 trustees are virtually certain they will receive the resources; and
▪ 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 lwrated Organv6aticffi
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
RerM)rt to the trustee81 memt*rs of VO of Hope on ts xcounts for the yr end•J 31* Mah 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