HOUSE OF HO[E (CHARrrABLE INCORPORATED ORGANISATION) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 CHARITY COMMISSION REGISTRATION No. 1193789
HOUSE OF HOE INDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page No. Trustee5' Allnu Report Independent Examiner's Report Ststement of Financial Activities (including Income and EXpendire Account) Balance Sheet 7-12 Notes t() the Financial Statements
HOUSE OF HODGE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 The Trustees present their report and financial statements of the charity for the year ended 31 July 2024. The TTUSte¢s have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Rew)rting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's Constitution, the ChitIeS Act 2011 and Accounting and Reporting by Charities.. Ststem¢nt of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published Tn October 2019. objec11$ andAct4vilies The Charity's Objects are to raise funds through the sale of second-hand books for two purposes.. firstly lo support human behaviour towards animals which are in needs of care and attention by reasons of sickness. maltreatmenL poor circumstsnces by donating funds to organisations providing care. protection, medical treatment and security to animals. and secondly. to promote the advancetnent of literacy by supporting literdcy projects run by specialist or8anisations. In shaping the objectives for th¢ p¢riod and planning the charity's activities, the trustees referred to the guidan¢¢ contained in the Charity Comtnission's generdl guidan¢¢ on publi¢ benefit when reviewin8 the charity's aims and objectives and in planning future activities. Aehievemen15 andPerfornEunce This year trading activity generated £35,877, which represents a 19.550/0 incrvdse over the previous year. Expenses rose to around £12,000 compared to approx. £1 1,000 in the previous year. Donations amounted to a to¢al of £21.630. ¢ompar¢d with £18,000 the previous year. Beneficiarie5 were reviewed by Truste¢s and are largely similar to the previous year, as still deemed aligned with the charitable object5. Income rose thanks to an ever-growing team of dedicated local volllnteers. allowing to open the shop most d&ys of the year, which greatly Conlribules to its success. Our core opening hours of I lam to 5pTn are supplemented with som¢ oc¢asional early or late openings, driven by some corn]tted volunteers for whom core hours would not be possible. This also allows the shop to be part of the more activ¢ early evening scene of the neighbourhood, with more new cafes and reslaurants all Contributing to an incr¢as¢d adivity and footfall in the area. Volume and quality of donations has remained high. More regular culls led by the volunt¢ers allow for a more r¢gu18rly r¢newed stock which is particularly attractive to regular customers. Internet sales have also more than quadrupled, thanks to 2 dedicated volunteers, l of whom previous prof¢ssional experience as a rare book dealer allows a fast and accurate identification of valuable books that can find a happy owner online.
HOUSE OF HO[E TRUSTEES. ANNUAL REPORT {Continued) FOR THE YEAR ENDED 31 JULY 2024 Finallcial Review The total income raised during the year was £35.877 (2023 - £30,011). This is an increase of19.55O/ts. The total expenditwe for the year was £34,503 (2023 - £30.238). an increase of 14.1 OYD. Reserves Policy The chwity requires general reserves to fund its a¢tivilies. The Trustees assigned £1 0,000 or twelve months opernting expenses to reserv¢s. D¢signated fund of £IO.000 was reseThed to fvnd a possible change of premises. At the year end the totsl unrestricted funds was £26,007 (2023 - £24,633) of which £1 0,000 {2023 £1 O,000} has been designated leaving a balance of £16,007 (2023 - £14,633) which is cotnfortably in eX$S of the charity's policy. PrincipalFunding Sources The principal fundiT]g source for the Charity is cuffently by way of shop sales. Structure, Governance andmanagemenl Governing Documenl House of Hodge is registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 12 March 2021. The CIO took over the activities of the previous charity, House of Hodge. registered with the Charity Commission under registralion number.. 1135243 on l August 2021. In the event of dissolution, after making provision for all outstanding liabilities of the Association, the Committee must transfer remaining funds to another body with charitable purposes and similar objects and submit a final report and statement of account to the Commission. Recn4ilment apklAppoinlment of Tru51ee5 At the 2024 AGM. Richard Dean Sutcliffe stepped down as treasurer and trustee. All th¢ other trustees agreed to serve one moTe year. Reference andAdministralive Details Charity registra¢ion number.. 1193789 Principal offKe.' 174 Blackstwk Road London N5 IHA Trustees The tNste¢s serving during the year and since the year end were as follows: Shetal Lakha (Chair) Frances Bradl¢y Cecile Claude David (Secretary) Richard tkan Sutcliffe {Treasurer) (resigned 31 July 2024) Susan Helen Searle No trust¢¢ recelved any remuneration for s¢rvic¢s during the period. nor did they have any beneficial interest in any contract with the charity.
HOUSE OF HODGE TRUSTEES, AWNUAL REPORT (Continued) FOR THE YEAR ENDED 31 JULY 2024 Bankers.. The Co-operative Bank PO Box 250 Skelm¢rsdal¢ WN8 6WT JAependen1 EYamEner.' Barcant Beardon Limited Chartered Accountants 8 Blackstock Mews 1slingtotTr London N4 2BT Truslees, TPOnsibl1111eS in relation lo ihefinnneialsrfalements The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdotn Generally Accepted Accounting Pwti¢¢). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for ¢h financial period which show a true and fair view of the state of affairs of the charity and of the incoming resources and applic&tion of resources of the chlty for that period. In preparing these financial ststements. the Trust¢¢s ar¢ r¢quir¢d to: Selt suitable accounting policies and then apply them consigtently. obs¢rv¢ the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable aFbd prudenl. stste whether applicable accounting standards have Eeen followed, subject to any material departures disclosed and ¢xplain¢d in the financial statetnents. and prepate fiii#ii¥iul s(ul¥iii¥iils uii Lli¥ ¥uiii¥ LUiiL¥rii iiitsis uiil¥s5 IL is iiiupprupriui¥ iu presuiii¥ Llial Lliv charity will ¢ontinu¢ in operntional existence. The Trustees are responsible for keeping &ccounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that th¢ financial ststem¢nts comply with the Charities Act 2011. the Charity (Accounts and RortS) Regulattons 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking r¢asonabl¢ steps for the prevention and det¢¢tion of fraud and other irregularities. This report was approved by the trustees on nd signed on their behalf. Susan Helen Sear1¢ Trustee
INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF HOUSE OF HODGE I report to the charity trustees on my exaTnination of the accounts of ihe charity for the year ended 31 July 2024, which are set out on pages 5 to 12. Responsibillrles and basis of report As the charity's trustees you are resp)nsible for the preparation of the accounts in accordance with the requirements of the Charities A¢t 2011 ("th¢ Acl"). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in canying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independenl exuminer'5 slatemeftl I have completed my examination. I conf that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 130 of the Act. or the accounls do not accord with those records. or the accounis do not comply with the appIlble requirements concerning the fom and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an ind¢pend¢nt examination. I have no ¢on¢erns 8nd have come Across no other matters in conn¢¢lion wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reuched. Shu Fen Chung FCCA ACA BARCANT BEARDON LIMITED ChartetEd Accountants 8 Blackstock Mews Islington London N4 2BT
HOUSEOF HODGE STATEMEKf OF FTNANCIAL ACTIVITIES (tNCLUDfNG tNCOME AND EXPENDITURE ACCOtrNT) FOR THE YEAR ENDED 31 JULY 2024 Notes Restricted Unrestricted Funds Funds 2024 Totsl Funds Total Funds 2023 2024 Income and endowmentsfvm.. Donations and legacies Other dIng activities 1.593 34.284 1.593 34.284 30.011 Total income and endowments 35.877 35.877 30.011 Expendilure on.. Charitable activities Donations award BkshOp 21,630 12,873 21,630 12.873 18,000 12.238 Total expenditure 34.503 34.503 30238 Net incopn8/(exp8ndilure)for iheperiod 1,374 l.374 (227) Total funds brought forward 24.633 24,633 24,860 Totsl funds rrIed forward 26,007 26.007 24.633 The statement of financial activities includes all gains and losses recognised during the period. All inwm¢ and ¢xp¢nditur¢ d¢riv¢ from Continuing activities.
HOUSE OF HODGE BALANCE SHEET AS AT 31 JULY 2024 Notes 2024 2023 CurrentAssets Debtors Cash at bank and in hand io 578 26,119 578 24,745 26.697 25,323 Credilors.. amounts falling due within one year (690) (690) Net CurrentAssets 26,007 24,633 NetAssels 26.007 24,633 Funds Unrestricted ndS G¢n¢rnl funds Designated funds 12 12 16,007 10,000 14.633 i 0.000 26.007 24,633 Approv¢d by the trustees on 031ok1202 and signed on its behalf. Cecile Claude David The notes on pages 7 to 12 forni part of these finan¢ial s¢atem¢nts.
HOUSE OF HODGE NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 1.0 Accounling Policies The principal accounting policies adopled. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: l. l Basis oJPreparalion The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan¢e with Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Siandard applicable in the UK and Republi¢ of Ir¢land (FRS 102) and th¢ Charities Act 2011. Assets and liabilities ar¢ initially recognised at historical ei)st and tran$tion value unless oth¢nvis¢ slated in the relevant accounting policy notes. The financial statements are prepared under the historic cost convention. The financial ststements are prepared in sterling, which is the functional currency of th¢ company. Monetary amounts in these financial statements are rounded to the nearest £. The financial slatements have been prepared to give a 'true and fair. view and have departed from the Charilies (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and faTr view,. This departure has involved following the Accounting and Reporting by Charities.. Siatement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issu¢d on 16 July 2014 rather than the Accounting and Reporting by Charities- Statement of Recommended Practice effective from l April 2005 which has sin¢e been withdrawn. 1.2 F#ndAccounling Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which h&ve not been designated for other purposes. D¢signated fisnds are ullrestricted funds earniarked by the trustees for particul purw>ses. Restricted funds are subject to restrictions on their expenditure impK)sed by the donor. 1.3 Income Recognilion All incoming r¢sour¢es are included in the Statetnent of Financial Activities (SOFA) when the charity is legally entitled to the income after any perforniance conditions have been met, the amount can be measured reliably and it is probable that the income will be rec¢ived. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. Ifthere are conditions attached to th¢ donation and this requires a level of perfortnance before ¢ntillement ran be obtsined then income is deferred until those conditions are fully tnet or the fulfilment of those conditions is within the control of the charity and ti is probable that they will be fulfilled. Income 15 received in exchange for supplying goods and services in orderto rAise funds and is recognised when entitlement has occurred.
HOUSE OF HOE NOTES TO THE FtNANCIAL STA TEMENTS (Continued) FOR THE YEAR ENDED 31 JULY 2024 Interest income is re¢ognis¢d when r¢c¢ivable and the amount can be m¢asur¢d reliably by the charity- this is nortnally upon nolification of the int¢r¢st paid or payabl¢ by the Bank. J.5 Expenditure recognition Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which CV4nnot be fully recovered. and is reported as part of the expenditure to which it relates: Expenditure on charitable uctivities comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to suptmirt ihem. I0Verable VAT is charged as an expense against the a¢tivity for which expenditure arose. Donations wayable to third parties are within the charitable objectives. 1. 6 Suppori costs allocaiion Support costs are those functions that assist the work of the charity but do not directly represent charitable activities and include premises overheads, 0]Ce, finance and governance costs. They are incurred directly in support of expenditure on the objects of the charity- Where support costs cannot be directly attributed to particular headings they have been allocated to Cost of rnising fvnds and expenditure on charitable activities on a b&sis consistent with use of the resources. J. 7 Deblors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 1.8 Credirors andprovisio Creditors and provisions are recognised where the charity h&s a present obligatiOT] resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated r¢liably. Creditors and provisions are norn)ally recognised at their settlement atnounL 2.0 CriticalAccounting EIDte$ andJ4dgenwnts In the applicalion of ihe charity's accounting p)licies. the trustees required to makc judgements. estimates and assumptions about the carying amount of assets and liabilities that &r¢ not readily apparent from other sources. The estimates and a$Slated assumptions are based on histori¢al experience and other faetors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to ac¢ounting estimates 8re recognised in the period in which the estimate is revised where the revision affect5 only that period, or in the peri(xl of the revision and future periods where the revision affects both current and future periods.
HOUSE OF HODGE NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 JULY 2024 3.0 Incomelrom Donalions andLegocies Unrestricted Unrestricted fund5 funds 2024 2023 Donations 1.593 4.0 Incomefrom Orher Trading A¢livilie Unrestricted Unrestricted funds futtds 2024 2023 Shop income Internet sales 29,656 355 1,396 34.284 30.011 5.0 Analysls olErpendilure on Charitable Aclivilies Charitsble Activities 2024 Activities undertaken directly 2024 Donation funded activities SuptK)rt costs Totsl 2024 2024 2024 Donations awarded Bookshop 21.630 21.630 12.873 640 12.233 640 21,630 12,233 34,503 5.J Charitable Activities 2023 Activities undertaken directly 2023 Donation funded activities Support costs Total 2023 2023 2023 Donations awarded Bookshop 18,000 18,000 12.238 539 11,699 539 18,000 11,699 30,238 5.2 Of the £34.503 expenditure in 2024 (2023 £30,238), £nil {2023 - £nil) was attributsble to restricted funds and £34.503 (2023 - £30,238) was attributable to unrestricted funds.
HOUSE OF HODGE NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 JULY 2024 (ko Analysig ofsupport Costs Donations Bookshop awarded 2024 Total Total 2024 2024 2023 Premises Shop running Finance Governanc¢ 9.170 1,371 474 1,218 9,170 1.371 474 1.218 9.124 850 411 1,314 12,233 12,233 11,699 7.0 Analytris ofDonotionsAwarded Recipients of donations during the year: 2024 2023 Animal Aid & Advice Blue Cross for Pets British Hedgehog Pr¢s¢rvation Society tkJnentia UK Dogs Trust Hearing Dogs for Deaf Pp]e Highbury Vale Blackstock Trust Royal siety for the Prevention of Cruelty to AnimAIs SongBird Surviva] Sir¢etVet Wood Green Animal Shelter 700 3,000 .350 3,600 740 100 2,180 2.180 3,830 3,600 740 2,860 1,800 2.200 2.200 3,000 ,500 2,500 1,550 21.630 18,000 8.0 Nel Income/(Expenditure)for lhe Year 2024 2023 This is siared after chargEng Independent exatniner's fee 690 690 9.0 Trle Remuneration undExpenses No members of the Board of Tnte¢S received any remuneration during the year. Volunteers, shop and office running expenses amounting to £659 (2023 - £487) were reimbursed to four (2023- two) trustees. Trustees, meeting expenses for year was £527 (2023 - £624). No trustee or other person related to the charity had any personal int¢r¢st in any contract or transaction entered into by the charity during th¢ year (2023 - nil). 10
HOUSEOF HODGE NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 JULY 2024 lQ.O Debtors 2024 2023 Prepayments 578 578 11.0 Credi¢ors.' Anwunts Falling Due Wiihin On¢ Year 2024 2023 ArualS 690 690 12.0 Analy&if of Charitable Funds Analysis ofmovemenis in tfflrestriciedfvnds- currenlyear Balance Incoming Outgoing Transfers I Au8 Resources Resources 2023 Balance 31 Jul 2024 General funds Designated ndS PreTlli5es move 14,633 35,877 (34,503) 16,007 10.000 10,000 24,633 35,877 (34.503) 26,007 Analysis ofmovemenls in unreslriciedfvnds-previ(ws year Balanc¢ Incoming Outgoing Transfers l Aug Resources Resources Balance 31 Jul 2023 2022 General funds Designated funds Pr¢mises move 14.860 30.011 (30.238) 14.633 10.000 i 0,000 24.860 30,011 {30,238} 24.633 Name of wwestricledfwid DescriptEon. nature alpurPoSeS ofihefynd General funds Designated fund5 The'free reserves" after allowin8 for any designated lld$. Premises move - Funds have been set aside for a possible change of premises
HOUSE OF HODGE NOTES TO THE FfNANCIAL STATEMENTS (Continued) FOR THE YEAii ENDED 31 JULY 2024 13.0 Analysis ofNel Assets Behveen Funds- Cwreni Year Restricted Unrestricted Funds Funds 2024 2024 Total 2024 Cash at bank and in hand Other net ¢urr¢nt asSet(liabilitles) 26.119 (112) 26.119 {112) 26.007 26,007 Anatysis tsfNetAets Befveen Funds- Previous Period Restricted Unrestri¢t¢d Funds Funds 2023 2023 Total .2023 Cash at bank and in hand Other net current ass¢tO(liabilities) 24.745 (112) 24,745 (112) 24,633 24,633 14.0 RelatsdPaty Transaclio Aside from trustee remuneration and expenses disclosed in nol¢ 9. there were no r¢lated paty transactions during the year {2023 - none). 12