the hopL trust | oxford The Hope Trust Oxford Flnanclal Statements and Trustees. Annual Report 1st July 2Q2110 30th June 2022 Charity registratlon number 1190127 (England and W81es) the hopetrust | oxford The Hopo Thist Oxford Flnanclal Statements and Trustees, Annual Report For the year endèd 30th June 2Q22 Contents Page General information Objectives and activities Achlevements and performanc8 Flnancial review Structure, govemance and management Declaratlons Accounts the hopetrust | oxford The Hope Trust Oxford General Informatlon R8gister8d charity name Thè Hope Trust Oxford Charity number 1190127 Principal and registered office address 1-2 Roger Bacon Lane Oxford OX1 1QE Trustees Reb8CC8 Pillar (Chair) Robln Cooper James Paterson Georgina Prineppl Harriet Smith Andrew Turnbull Independent Examiner SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD the hopetrust | oxford The trustees are pleased to present their annual report and accounts for the p6riod ending 30th June 2022. Objectlves and Actlvllles Summary of the purposes ol the charlty as set out In Its governlng document The purposes of Th8 Hop8 Trust Oxford are the advancement of the Christian falth in the UK or abroad, with a primary focus in Oxford, in accordance with a Basis of Faith including, but not limited to, the support of ¢harttable or olher organisations which, or individuals who, are involved in any of the activities set out in the following clauses as an expression of the Christian life and faith: the relief of ihosa In need, hardship or distress; the provision of lacilitl85 in the interests of social welfar8 for r8cr88tion or other lelsure time occupation of Individuals who have need of such facilib'es by reason of their youth, age infimily or dlsablllty, financial hardship or social circumstances with the object of improving Iheir conditions of life., the promotion of Christian 8ducatlon and faith through evangelism, preaching, Bible teaching or training. Summary of the maln actlvltles In relatlon to those purposes ft)r the publlc beneflt, In partlcular, the actlvltles, pmjects or servlces Identlfled In the accounts The trust's main me8ns of relieving poverty and supporting the advan¢ement of the ChrislSan faith in Oxford currently is ils sponsorlng of St Ebbe's Christians Against Poverty (CAP) debt centr8. W8 employ a debt cenlre manager for thr88 days a we8k and shg works with a team of befri8nd8r volunteers. We give a monthly contribution of £600 lo CAP. The CAP ministry's expenses for this financlal year Included the funding of Christmas hampers for cllènts and the costs of s8tting up and running a new community café. This café was set up In September 2021 and runs weekly. It Is a hub for cllents and people interested in the work of CAP to socialise and receive debt advice in a more infomal setting, as w811 as find out a bit more about church and Christianity if they would like. Th8 café is bas8d at a church in Oxford called Grac8 Church Cowley. In June 2022 we interviewed for and appointed a new mernber of the CAP team - a Lrfe Skills Manager and Debt Coach. This role Is a four day a week position and entails supporting the debt centre manager as well as runnlng Life Skills courses. These courses support and empower people living on a low income by equipping them with many practical money saving techniques, such as cooking on a budget and making their money go further. We hope to run belween three and five courses a year wlth up to ten people on each course. In these financially challenging times, we believe that this course will be invaluable. St Ebbe's Church has appointed a new parish worker, to be fund8d by Hope Trust, and we will be commissioning the charity Innovista to provide support and training to Ihe work of engaging with the local parish. in which there is much social and economic deprivation. Last year, Innovists conducted a needs assessment of St Ebbe's parish. Innovists works to raise up leaders in deprived areas and connect disadvantaged communities with theif local church, particularly through youth work and discipleship programmes. transforming people's lives practically and spiritually. the hopetrust oxford Statement conflmilng whether the trustees have had regard to the guidan￿ Issued by the Charity Commission on public benoflt All trustees have read and had regard to th8 guidan￿ issued by the Charity Commission on public benefit. Conth"butlon made by volunteers The debt centre manager has a team of 9 befriender volunteers and is in the process of recruiting another 6. They accompany the manager on visits and focus on the non46bt related needs of th8 client, such as facilitating bringing the dient into the communlty and helping with practical tasks. There are also 11 volunteers who provide cakes for the café and assist in the running of lh8 café week by week. Achlevoments and Perfomiance Summary ol the maln achlevements ol the charlty. klentlfylng the dlfferenca the ¢harlty'S work has made to the clrGum¥tan¢os of Its beneflclarles and any wlder beneflts to socloty as a whole. The CAP centre has mad8 a hugè difference to people's Ilves in the way that the Debt C6ntre Manager and volunteer5 have shown practical care, empathy and a listening ear, and worked hard to strengthen communlty relatlonships. Client numbers have increased to an 8Xt8nt that the debt centre Is running at capacity. promptlng us to employ a second person to ensure the long-term sustainablllty of the centre and lo enable us to increase client numbers. Since the debt centr8 opened, we have supported 52 clients. The debt centre manager h8S seen an almost equal proportion of male and female clients, some wlth young children. She has had referrals from all over Oxford Cowley, Blackblrd Leys and Greater Leys, Barton, Marston, Headington and from Sl Ebbe's parish. Clients includ8 hyo married couples., the rest are singl8, widow8d or divorced. Referrals come from the Jobcentre, Turning Point, Crisis, social seNic8s and word of mouth. There Is a mlx of employed, unemployed and retlred people, as w811 as those unable to work du8 to poor physical or mental h8alth. There is a mixture of ages and ethnicity. There is a variety in debt: some only have debt from one source, 50ffl9 have debts from several. The amount of debt varfes from a few thousand pounds to many thousands of pounds. Most clients are on repayment plans or going through a Debt Relief Order. While a major aim of the centre is to help clients with their finances so that they might become debt free, the Christian motive behind the charity is made explicit right from the starl. Clients are asked If they would like prayer and the c8ntre's links with churches are made known. Clients are invited along to church events and several have Shown interest, attended services, and have gone further into discipleshlp courses. Financial Review Revlew of the charlty's flnancial position at the end of the period The final sum in the bank account al the end of our financial year (30th June 2022) was £42,720.46 (2021: £3,924.56). the hopetrust | oxford Total Income was in the fomi of both restricted and unr8Stricted donatlons and interest and amounted to £76,142.16 {£33,836.60 restricted to the CAP work, £42,301.93 unr8slrict8d, £3.63 Interest} (2021= £38.461 all unrestricted). As part of this figure, a seed donor gave £40.000 and a HaNest fund from St Ebbe's Church raised just over £21,600. A trust donated £10.000 to go towards the first year of employment of the Sl Ebbe's parish worker. The remalnlng Income came from both trusts and foundations and individuals. Totsl expenditure wa5 £37,346,2612021: £34,536.75). At th8 8nd oftha financial year, the Trust held £42,720.46 of reserves {2021- £3,925). There are no materlel uncertalntles about the charity continuing as a going concern. Structure, Gov•rnanc• and Management The type of govamlng document for The Hope Trust Oxford Is a constitutlon that is based on the Charity Commission foundalion model for a CIO. The constitution also includes a 1-page 'B8sls of Falth. to which all trustees are asked to agre8 to on appointment to the trustee board. Th8 charlty is a charltabla Incorporated organisation. Tru•teo selectlon mathods Apart from the first three Charlty trustees (named in the conslltution and the founding members), every charlty trus18è must be appointed for a maximum of three years by a resolution passed by at least a 75% majority al 8 properly Convened meeting of the charity trustees. In Selecting individuals for appointment as charity trust88S, the charity trustees must have regard to the skllls, knowledge and experlence needed for the effective administration of the charity. In accordance with the constStution, a charity trust88 whos8 temi of office ha5 expired shall be eligible for reappointment for up to ￿ further three year tems, but a trustee who has served nin8 years in total shall not be eligible for reappointm8nt until at least one full year has elapsed. Truste•s Rebecca Pillar Robin Coop8r James Paterson Georgina Prineppl Harriet Smlth Andrew Turnbull Date of appolntment 25th May 2020 7th December 2020 10th July 2021 19th July 2022 25th May 2020 25th May 2020 The charity's key management personnel are trustees, who a￿ all volunteers The charity entered Into a non-legally binding Memorandum of Understanding with St Ebbe's Church and the congregation leaders of Sl Ebbe's are invited to recommend individuals who may be considered appropriate for the position of truste8. thehopetrust | oxford Declarations The trustees dedare that they have approved the trustees, report above. Signed on behalf of the Charity's trustees Slgnature | L/fft-K I Full name Andrew Turnbull Posltion èg. 88crataryi chalr etc. Trustee Data the hopetrust oxford Accounts 1st Juty 2021- 30th June 2022 Racelpts and paymants oILts Unre$tri¢tod funds to thg noarnst £ Rostrictod funds to th• n•ar•st £ Total funds 2022 to th• n•amt £ Total funds 2021 to the nearest £ Individual donations 42,302 21,673 83.975 38,461 Trust and foundation donations 12.164 12,164 Interest Sub total 42,306 33.837 76,143 38.461 Unrestrlctod funds to th• n••r••t £ Re8trlcted funds to th¢ n•ar••t £ Totsl funds 2022 Total funds 2021 to th? n•are•t £ to the near•Bt £ Admin support Salary 7,114 7,114 6,629 Payroll pmwder 420 420 280 Bank charge8 102 102 65 HMRC 4.365 4,365 5.307 NEST penslons 2.513 2,513 1,727 Insuranco 269 269 262 Website 403 403 71 Christians Against Poverty debt centro manager salary 13,648 13,648 10.106 Christians Against Poverty conlrlbutlon 7.200 7,200 7,200 Christians Against Poverty mini8ty 836 836 152 Accountancy fees Ilncl. 360 the hopetrust | oxford Independent Examination) Marketing 12 12 Office supplles 14 14 Staff expenses 90 Innovista parish needs assessment 750 Innovlsta partnership 200 Sub totsl 15,662 21.684 37.346 34.537 Unrostrlctad funds to th? n•ar••t £ Restricted funds to th• n••r••t £ Total funds to th• n••r••t £ N•t of ro￿1p￿I{POYffl•n1I) 26,644 12,153 38,797 Ca8h funds last y••r end 3,925 3,925 Ca8h fund• th1• y•ar frnd 30.569 12,153 Signed by one or two trustees on behalf of all the truste8S'. Slgnalurg Full name Andrew Tumbull Position eg. secrotary, chalr etc. Trustee Date **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** ## **Report to the trustees/ The Hope Trust Oxford members of** **On accounts for the year** 30 June 2022 **Charity no 1190127 ended (if any)** **Set out on pages** 1-2 of Receipts and Payments accounts **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **Independent** In connection with my examination, no material matters have come to my **examiner's statement** attention (other than that disclosed below *) which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 9 December 2022 **Signed: Name:** Sheila Parry **Relevant professional** FCCA **qualification(s) or body (if any):** 1 **December 2018** **IER** **Address:** Peace House, Paradise Street, Oxford OX1 1LD ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **December 2018** **IER**