New Hope North East Val g Vul 61e Peopl erA NEW HOPE NORTHEAST CHARITABLE INCORPORATED ORGANISATION (CIO) Financial Statements foryear Ending 31 May 2024 REGISTRATION CHARITY NUMBER 1189962 COVER PAGE NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Table of Contents Trustees Report...-..................... Independent Examiners Report......................................................... Statement of Financial Activities Account................. Statement of Financial Position Notes to Accounts................................................................................... .8-10 NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI TRUSTEES REPORT YEAR ENDED 31ST MAY 2024 The trustees present their report and unaudited financial statements of the charitable company for the year ended 31 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing documents, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. The Charity is a non-company charity which had an income of £250,000 or less in the reporting period Trustees of the Charity The directors of the charitable organisation are ¢ts trustees for the purposes of charity law. Details of the trustees who have served during the year and since the year end can be found on page 3 Princi al activities The promotion of social inclusion among disabled people from BAME communities in the Northeast of England who are socially excluded from society, or parts of society, as a result of their disability and assisting them to integrate into society. Aims and Objectives New Hope Northeast aims to provide.. education, information, and opportunities designed to support and enable disabled people to maximise their potential. public awareness of the issues affecting disabled people, both generally and in relation to their social exclusion. support groups, forums, advi￿, advocacy and general support for disabled people and their familieslcarers. recreational and leisure time activities for disabled people, their familieslcarers, provided in the interest of social welfare with the object of improving their conditions of life and developing their skills, capacities, and capabilities. Financial Review The balan￿ at the beginning of the year was £51,619 of which £37,061 was restricted funds. Totsl income during the year ending 31 May 2024, was £73.080 (2023 £64,293) of which £52,680 was restricted. Total expenditure was £69,770 (2023 £47,147) NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Structure, Governance and Managemant New Hope Northeast is a Charitable organisation incorporated and registered with the Charities Commission on 16th June 2020 with charity number 1189962. Governing Document The organisation is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association dated 16th June 2020, and was registered with the Charity Commission from 16th June 2020. In the event of the company being wound up, members are required to contribute an amount not exceeding £10. Appointment of Trustees New trustees are appointed on the recommendation of existing trusteeslmembers. There is a required minimum of three trustees but no maximum number. Trustees whose turn it is to retire each year will be automatically re-elected unless they or the remaining trustees decide otherwise. Trustses. Induction and Training Trustees are already familiar with the work of the charity. New trustees are provided with Chartty Commission guidan￿ for new trustees, along with finance and process documentation, and minutes of previous trustees, meetings. They are also given an introduction to the work of the charity and their responsibilities. Trustees are encouraged to attend appropriate intemallextemal training events to facilitate the undertaking of their roles and to keep up to date with legislative changes. Going Concern The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The Trustees have reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Resernies policy The charity retains reseNes of at least 3 months expenditure to ensure that it has funds to complete its committed operations for the period. The charity had reserves of £24,001 at the end of the period. NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Oryanisation REFERENCE AND ADMINISTRATIVE DETAILS Charity name.. Charity Registration number.. New Hope North East 1189962 TRUSTEES: John Alan Braithwaite Preddie Bononge Geua Atkinson Queen Neshava Edson Zimuto Registered Office.. CIO Trinity House Social Centre 134 Laygate South Shield NE33 4JD Independent examiner.. Akondaawo John Kumpalume AFA MIPA AJK Accounting Services Ltd 6 Coatham Road Stockton on Tees TS19 8QY This report has been prepared in accordance with the special provisions of Charities Act. Approval The trustees, annual report was approved on...... and signed on behalf of the board of trustees by ..t131202 John Alan Braithwaite (Chair of Trustees) NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Independent examiner's report to the trustses of New Hope North East I report to the trustees on my examination of the accounts of New Hope North East for the year ended 31 May 2024. Responsibilities and basis of report As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the CharÉties Act 2011 ('the Act,). I report in respect of my examination of the Charites's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. Akondaawo John Kumpalume, AFA MIPA AJK Accounting Services Ltd 6 Coatham Road Stockton on Tees TS19 8QY Date.. 27 January 2025 NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI HNANCIAL ACTivillE5 FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Notes INCOME Unrestricted Restricted Donalions Grants 20400 52680 73080 64,185 108 52680 73080 64,293 OtIEr I1￿orne Totsl Income 20400 EXPENSES Charitable expenditures Other expenditures 10957 58812 69770 47147 Total expenditures 10957 58812 69770 47,147 Net Income/lExpenditurel -6132 3310 17,146 Transfer Between fLtnds Balance Bro￿ht forward 14558 37061 51619 34473 Balance carried fO￿ard 24001 30929 51619 The nofes on Pages 9 and Ioform an in¢egralpart ofthese accounts NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI STATEMENTOF FINANCIAL POSITION ASAT31 MAY2024 Flxed Assets 2024 2024 2023 2023 Off ice Equipment Depreciation 3200 1530 1670 3200 1235 1965 Current assets Cash atbank 46771 51619 Current Liabilities Creditors 885 45886 1491 50128 Net Assets 47556 52093 Charity Funds 47556 52093 Approved by the Trustees on ..tl.31.2o2 John Alan Braithwaite (Chair of Trustees) The note.s on Pages 9 and Ioform un integralpart of these accounlj.. NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Notes to the Financial Statements Year Ended 31 May 2024 1- Grants received: Total grants received during the year 2 - Other Income: Fund raised, and Donations received for unrestricted purposes Policies The following accounting policies have been used consistently with items which are considered material to the Charity's affairs Accounting convention The financial statements are prepared on a cash basis. The financial statements comply wilh the Charities A NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Direct Charitsble Expenditure Unrestrirted Restritted 2024 2023 Arts and Crafts Materials Cooking and Baking Activities Children and Young PeoplelGardening Children & Young People Arts & Crafts Parents and family's group Gardening Equipment Jubilee Cerebrations Kings Coronation Mentoring & Coaching Subscriptions ITV, SKY etcl Insurance Office rent and room hire Cleaning Printin& Postage & Stationery Office and Administration Professional fees Advertising and promotion5 Volunteer and Travel exp Staff & Volkjnteer Training Wages Depreciation Total expenses 705 350 206 368 3,617 353 1,697 2,672 1,416 1,058 2,047 2,878 1.784 3,617 1,277 1,250 3.180 1,367 569 2,485 2,946 3,400 1,799 11,102 8,256 11,102 8,256 1,519 682 5,560 1,519 682 5,561 176 214 1,357 12,137 1,548 419 5,137 201 176 214 1,357 12,137 1,443 419 1,333 6,884 1,216 580 1,908 10,584 347 105 4,853 577 9,032 953 58,812 13,885 1,530 69,770 10,957 47,147 NEW HOPE NORTHEAST CHARITABLE incorporated organisation {ClOI Grants Received At Recelved At OIIOW2023 Intheyear Expendlture 3110512024 Barbour Foundation Terence and Diana Mercers RothleyTrust Rise North East Ballinger Trust Sue King lennyold Sir james Knott Inclusion North Commu National Lottery Other 2,000 300 25,000 1,000 3,420 15,000 loo 500 2,000 300 23,555 1,000 3,000 12,333 loo 500 18,300 192 19.745 192 420 16,267 13.600 8,150 1,521 9,856 9.870 3,600 12,260 30 8.002 3,512 15,438 30 10.018 1.609 6,678 51,619 73,080 69,770 54,929 Basis of Accountin The financial statements have been prepared under the historical cost convention, and in accordan￿ with the Financial Reporting Standard for Smaller Entities (effective January 2015) Income The income shown in the Statement of Financial Activities account represents the grants and donations received during the year and b/forward figure from year 202312024 accounts. Fixed assets Fixed assets are stated at cost less accumulated depreciation. De reciation Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows: Office Equipment io NEW HOPE NORTHEAST CHARITABLE incorporated organisation ICIOI Accounts ables Accounts payabSes are recognised where the charity has a present obligation resutting from a past event that will probably resuft in the transfer of funds to a third party. The amount due to settle the obligation can be measured or estimated reliably. li