COMPANY REGISTRATION NUMBER: CE205596 CHARrrY REGISTRATION NUMBER: 1193857 H.O.P.E Charitable Incorporated Organisation Unaudited Financial Statements 31 March 2024 DEBSON & CO Chartered Accountants Galley House. Second Floor Moon Lane Barnet Herts EN5 SYL
H.O.P.E Charitable Incorporated Organisation Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activiti8s (including income and expenditure account) Statement of financial position 10 Statement of cash flows 12 Notes to the financial statements 13
H.O.P.E Charitable Incorporated Organisation Trustees. Annual Report Year ended 31 Mar¢h 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial siatements of the charity for the year end&d 31 March 2024. Referance and administratlvg dgtall$ Reglstered charlty name H.O.P.E Charity registration number 1193857 Company r8gistratl¢n number CE205596 Principal office and registered CIO Debson & Co office Ashdon House 2nd Floor, Moon Lan8 Barnet Hertfordshire ENS SYL The trustees Mr W Gallagher Ms J Dacres Mr O Sèlby Independent examiner Mr J G Debson FCA Galley House, Second Floor Moon Lane Bamet Herts EN5 SYL
H.O.P.E Charitable Incorporated Organisation Trustees, Annual Report (Contlnued) Year ended 31 March 2024 Structure, governance and management Constitutio H.O.P.E is a Charitable Incorporated Organisation ICIOI, govemed ils Constitution dated 18 February 2021. 11 is a registerèd charity with the Charity Commission. No Trustee has any beneficial inlèresl in the CIO. Risk mana emenl The Management Committee has conducted a review of the major risks to which the CIO is exposed. Wherè appropriate. systems and procedures have been established to miligale the risks the CIO fa$. Ex18rnal risks to funding have led lo the development of strategic plans which allow for the divttrstficalion of funding. Procedures are in place to ensur8 ¢ompliance with health and safety of staff, volunteers and club users. anisalw)nal slpjclura The Management commillee is currently cornprised of two members who meet regularly and are responsible lor IhÈ glr31pgir. direr.lion and policy of the c.nmp2ny In 8ddition In sprving a8 mpmhpr% nf the managernenl r.nmmillee two ol the Iru%i?g% ar.1 In an nppralional capacity as voliinièer IOLilh workers.
H.O.P.E Charitable Incorporated Organisation Trustees. Annual Report (contlnued) Year ended 31 March 2024 Objectives and activities Th8 principal objectives of the Charity are.. 111 To advance in life and help children and young people living on the Morningside Estate, Hackney and (he surrounding area through.. lal The provision of recreational and leisuTe Iirne activities provided in the interest of social welfare, designed to improve their conditions of life., Ibl Providing SLJPPOrt and activities which develop their skills, Capacities and capabilities to enable them to participate in society as mature and responsible individuals. 121 To further or benefit the residents of the MIngside Eslale. Hackney and the neighbourhood, without distinction of sex. sexual orientation, race or of political, religious or other opinions by associating together the said iesidenls and the local aulhorilies. voluntary and other organisalions in common effort lo advance education and to provide facilities in the interests of social welfare for recreation and leisure lime occupation with the objective of improving the conditions of lrfe for the residents. We continue lo work with anij SLtpport young people. families, elders and residents on the Gascoyne & Morningside Estatès. However, we have been able lo expand our support lo the widér Hackney community. We continue lo see an increase in young people accessing our adivilies, particularly during our holiday programmes. We are continuing lo provide education support for all young people within the Hackney community bul particular those living on Morningside Estate. This lakes the form of group and one lo one support. We have seen an increase in SEND young people attending educ8b.on support and have been able lo provide them with or)e-lo-one support which has impacted positively on their self-confidence and educational achievements. We have enlisted youth volunteers lo assist al education support sessions as we find that young people relate and work better when receiving peer support. Our education support programme continues to be managed by a fomier attendeelvolunleer of OLJr provision who is now head of year in a local Hackney Academy School. Our foodbanklhub continues to provide vital support lo rgsidents in need and we have seen a w88k on weèk increasg in rgsidents a¢¢gssing this provision. We continue lo provide fitness, wellbeing sessions for young people al all of our youth club sessions and are now running targeted fitness sessions under our ICAN Ilnspire, Challenge, Achitsve and Nurture) project. This is a self.molivaling fitness programme where allendees sel their own goals and record achievements. YoLJng people are positively engaging in this activity, and we have seen a positive improvement in trM)th the physical and mental wellbeing of those attending. We are offering mentoring support to all young people who attend Sèssions this is offèred by w2y of one to one andlor group support and also peer mentoring, which is proving to be very popular. We continue to provide adult fitness sessions for the local and Imder ¢ommunily, at present we are providing weekly Box Fit, Zumba and Chair Based exercise sessions. All sessions are provided free of charge in order lo make them accessible to the whole community. We have seen an increase in adults participating in our fitness sessions. Our Community Lunch, which takes place immediately following our Chair based exercise session is proving in¢reasiroly popular with approximately 40150 residents attending for lunch. Thls lunch is open lo the whole communSty, and is advertised on the Hackney website and other local notice boards. During the Winter months. we expand our openlng Ilmes lo Snclude a warm space and provhae support and wgllbeing advice. We continue lo provide training opportunities and work experience for young people and during this year have enabled 15 young people Its lake advanlagg of training and work expgrience. We continue to offer volunteering and training opportunities to the older members of our community through our Food Bank. Food Hub and Community Activities we have supported 12 adults both as volunteers and
H.O.P.E Charitable Incorporated Organisation Trustees, Annual Report (continued) Year ended 31 March 2024 into work. We have established p051tive links with a local employer lon Morningside Eslalel who now offers work opportunities lo our service users. Young people and the community continue to bè at thè hgart of our organisalion and young peoplè run their youth forum which inputs into our main board. We have allocated two dedicated voting spaces lo young people on our Management Board. We have expanded this offer lo include a dedicated voting space lo an elder, elected from our Chair Based Exerciselcommunity Lunch group. This is to ensure that the voice of elders is heard. We continue to offer 8UPPOrt around food and this service has been expanded to include signposting and other support lo residents. We work in partnership with the Hackney Money Hub and host monthly sessions al the Community Cenlre, where the Money Hub attend and provide benefil support to ensure that all residents, particularly eldefs arg claiming all bènèfits they are enlitled lo. The foodbank and support services are open to all Hackney residents. We have seen an increase in residents requiring IoDd and signposting support. We continue to work w¢th Hackney Council and the Felix Project lo provide surplus food twice weekly lo up lo 15 local Charities each week. In addition, we are P8rt of Neighbourly, a food app which has enabled us to access more food from organisations such M&S, Tesco, Prel. The support provided through our food bank and food hLJbs eqijales io supporting lens of thousands of Hackney residents each yèar We conlTnue to be part of a Ic)¢al constsrtium c>f Cl)ai'ilieb who supi)Drl rp.sidenl.%. Wo work in partnershiplcollaboration with Sanctuary Housing Association, the Police, Hackney Gangs Unil, The Well Street Shop Keepers Allianca, Y2K Communily Football, HVCS, our CEO is co-chair of the Family Forum run by HCVS, and is a mèmbèr of their Leadership Group. Hackney Markets Tearn, Hackney HAF (provides funding for free school meals during school holidays) and Hackney Council. We continue to work in partn8rshiplcollaboralion th The African Cornmunity School who provide parenting, English and Maths classes for Hackney residents. the Hackney Play Bus who provide SLJPPOrt for families With children aged O 10 4 years, Advanlage Tennis who provide free tennis lesson for young people and the NHS who provide weighl management sessions at Momingsidè Community Cenlre. We continue to be part of the Hacknéy Food Nettork. Wè &ngage with parents lo identify and work with them lo address issues faced by young people. This enables us to provided largeled and slruclured support whera necassary. We provida practical supp)rt and assistance lo parents and community members on a day-to-day basis and work with both parents and young people to ensure that the servi$ we provide meet the needs of our community. Drugs dealing, gang activity and gun Crime continue to be an issue on the estates, particularly orningside. We continue lo do extensive outreach work on both eslales on which we operate and surrounding areas lo identify and work with young people who may be at risk of exploitation. We work Closely with the local Resident Associab'ons which enablès us to deal with possibla ¢onfli¢l and issues on the estate involving young people. We conlinue to attend monthly Hackney Integrated Gang Unil Meetings to ensure that we have up-lo-dale information on ganglyoung people related Issues. We also attend thè Hackney Youth Provider Network Meetings. Management and Senior Workers continued to a¢c8ss training relevant to their rolès and attend meetings wilh food partners. the Local Authority and HVCS. Senior Worker, staff, volunteers and managemgnl are offered training lo ansure that they have the knowledge lo support young people and the wider cornmunity, Our CEO has food hygiene and food allergy certificates, which enables us to providé food and run our food bank. Our Senior Youth Worker is a qualified mentor as are other staff members. Young people and the wider Community rèmain at Ihe heart of our organisation and arè encouraged to take a more active role in the man8gÈmenl of the provision. We have ¢onlinued lo have challenges, particularly around funding bul are proactive in addressing this.
H.O.P.E Charflable Incorporated Organisation Trustees. Annual Report (con¢lnue Year ended 31 March 2024 Achievements and porformaneo Our biggest achievement, during this year has been our ability to be both proactive and reactive lo the ngeds of not only young people and their families bul also the wider community. This has given our organi5alion a higher community profile with the Local Authority referring Hackney residents to us for support and advice. We have expanded our collaborativelpartnership working to include more VCS and Statutory organisations and this has allowed us lo support more resid¢nls. Our youth voluntoering programmes goes from strength to slrttngth. and we have a wailing list of young people wishirKJ to become youth volunteers. This includes our Youth Social Enterprise which is very popular. We have expanded our volunteering programme. parbcularly around food, lo enable adult residents lo volunteer and receive training. We hosted the Commission of the Metropolitan Police al the Community Centre for a Community information ev8nt. This was very well attended and gave residents an opportunity lo meet with and question the Commissioner. We are in the process of negolialing a naw 10-year lease on the Momingside Community Centre. The granting of this long-temi lease will provide us with stability and enable us to establish long term goals and outcomes for the Centre and the communty. It will also allow us to bid for additional funding wh will further strengthen our position. Since taking over the management off the centre it has gone from a centre which was rargly used lo one that is used 7 days each week with mulliplg activities taking plac8 daily. Thè Centre has bewme a Community hub, known lo residents as a place wherè you Can go for support and advice. Our work with Hackney HAF has ensured that we are able lo provide a full programme of activities for young people, particularly during the summer and provide them with a hot nutritious meal during the activities. During the Summer of 2023 we saw a further increase in young people accessing our progiamme, which was free. We saw a Tnarked increase in the attendance of SEND young people and as a result are considering training opportunities for staff and volunteers around worn9 with SEND young p8ople. Our programme provides both slruclured and non-slruclured activities. We continue to receive Infrastructure Funding from the Local Authiyity, Hackney. This is flexible restrided funding and has enabled us to use the funding to focLJS on specific tasks, for this financial year we have focused on our fo(KJbank/food hub The funding is for 3 years with 1 year left lo run. Thls fundlng has enabled us lo pul money where 11 is needed and has given us some financial security. We continue lo be both pro-active and re-active to the needs of our community. An example of this was during the summer when we became aware of potential 'hot spots, where trouble Tnay occur. We oulraached in thase areas. spoka to young paopl8 to discuss what activities they would like lo engage in during the summer. The lead activity for males aged between 12 and 18 ye8rs was football. As a result of this we arranged a football toumament in collaboration with Badu (who allowed us the free use of their sports pilchesl. Over 100 young people participated I the loumamenl and as a result of the number and feedback we aim to make this an annual event. A further outcome was al more olde youths began lo attend youth club sessions and engage positively. Our youth social enterprise continues lo operate and works on k)cal markets in partnership with the Hackney Markets Team. The group attended the Finals of the National Youth Market in Strarford Upon Avon where they were awarded a 'Traders of the Future Awar¢J" This award has provided them with confidence and skills not normal open and available lo young people. The youth social enterprise are taking the lead in expanding the enterprise by interviewing and training more young people to come on board. There is currentty a wailing list of candidates wailing lo engage. We have, as an organisation, taken the decision to provide food including healthy snacks at all of our sesslon8 for all attendees. Thls decislon was taken to address the issue of hunger amongst children
H.O.P.E Charitable Incorporated Organisation TTUStees' Annual Report Icontlnuedj Year ended 31 March 2024 and our work with HAF has anablad us to support young p8opIg Wlth a hot meal at our holiday sessions. We have been supported by HAF to provide 3 fund8d holiday programmes during the course of the year. Our aim is lo ensure that no child goes hungry. We have ¢onlinu&d our work with Ha¢knèy Markets Team who support our young people by enabling them lo trade al local Hackney Markets. Through our youth social enterprise and our volunteering programme young people have positively engaged and acquired skills which will banefil them in the long lemi. The aim Continues lo be lo enable young people lo have the confidence to set up and run th8ir own businesses andlor provide them with the tools to give them the ¢onfiden¢È to obtain paid work. We conlinuts lo provide well attended holiday programmes, we saw a significant increase in attendance al our summèr programme. weekly trips continuè, taking young péoplè off Ihe estatès. W6 were able to hold our summer BBQ and Christmas party both of which werè well allended by not only yOLJng people and families who attend sessions but also the wider coinmunily. Al these events we were able Its provide signposting services. Staff continue lo offer one lo one support sessions wilh young people to discuss issues refevant lo them and provide support and advice. These sessions have been expanded lo include the wider community, this has been achieved by working wllakM)ratively with the Hackney Money Hub and Ha¢kney So¢ial Prescribers, the NHS. and other organi5ation5 who compliment our work. Tlie yoult-l dub conlinues lo liave a niai)ager ai)d Seiiior youlli worker aiid this year we liave added ali educational and volunteer lead to the team. Programmes ¢onlinue to be run in conjunction with the Management Committee, which enables a bèlier focus. The year has been a challenging orie for us as an organisalion particularly around funding for our youth provision and we are constantly looking for and identifying possible funders lo ensure that our youth provision can ¢ontinu8. The Infrastructure Funding has been a great support as it has givèn us a conf1rm8d regul8r income. Management of the community centre has provided us with sècurity of venue and an income which has enabled us to PTovide comrnunity-based aclivilies. Financial review The Financial Statements as sel out on pages 9 to 19 summarise the IransactSons of th8 charity during the year ènded 31 March 2024. During the year the charity generated income from all sources of £174,097 12023.. £226.5831. After accounting for lolal expenditure for the year of £145.878 12023.. £125,354). there was a surplus for the year of £28.219 {2023.' £101,2291- In common with many other voluntary o¥gani581ions working in an economic downtum. our financial situation is difficult and requires a constant review of identifying sources of funding, applying for grants, bidding for contracts, analysing and evaluating data and performance. reviewing our expenditure and finding efficiencies. We are very grateful for the continued supw)rt from our Patrons. Friends and Supporters and organisalions which provide the greater part of our income. We remain extremely oplirnislic that the quality, reputation and continued efficiency of the services we offer to our community will ensure that our work will continu8 to be sijpported into tha fulurg.
Charitable Incorporated Organlsation Trustees, Annual Report (conunuedj Year ended 31 Ivlarch 2024 Plans for future perlods Despite challenges we have been able lo provkle young people with a high level of support and keep them engaged during these diffscult limes. We have also been able lo expand the support we are able to offer lo famllles, elders and the wlder communlly and also expand activities available through Pathershlplcollaborative worfL We contmiue to work In partnership wilh IiTreminded organisations to ensure positive outcomes for the young people anrj. re$idents who a¢¢ess our Services. We have expanded our partnershlplcollaboralive work by WOFklng wllh the Hackney Plac8 Bus who provlde sesslons every Thursday for familles with children from O 10 4 years. The plan is to expand our youth provlslon, undert8ke more targeted woth to address issues facing young people, particularly around education and Iransltion5ng from primary to secondary education. Expand our social enterprise to include addltional strands. We wlll achieve this by identifying and wothing with local business who can support the work we do with young peopl& We aim to provide more actlvllles linked to health at the Communty Centre as we are seeing a lot of health inequality in the community. Wo aim to provlde more volunteeriw and work èxperience. We will contlnue to run our fcod bank and food hub and alm to expand thls setviGe and are currenl researching a panty model which wlll enhance Ihe support we provide around food poverty. ' Our alm Is to expand, enhance and ccffipllment the work we are currently doing by expanding our collaborative and partnetshlp work to ensure that we can support as many members of our comtnunity as posslble. I Small company provlslons This report has been prep8red in accordance wlth the provlsion8 applicabl8 to comp8nies entitled to -.the small MpanieS exemption. ,. The trustees, annual report was approved on Z 4 board of trustees ty: J8nuary 2025 and $@n8d on behatf OE the Mrw Gallagher. Ttuslee Ms J Dacr08 Trust Mros
H.O.P.E Charitable Incorporated Organisation Independent Examiner's Report to the Trustees of H.O.P.E Year ended 31 March 2024 I report to the Irust88s on my examination of the financial statements of H.O.P.E {Ihe charity) for tre year ended 31 March 2024. Rosponslbllltles and basis of report As the trustees of the company land also ils directors for the purpos&s of company lawl you are responsible for the preparation of the financial ststemenls in a¢¢ordan¢e with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having 8allsfled rnyse that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, l Tèport in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under S8Ction 145151{bl of the 2011 ACL Independgnt examln¢rfs statornent I have completed my examination. I confimi that no rllatters have come lo my attèntion in connection with the examination giving me cause to believe.. acctsiinlin9 rer.ords were nni kepl in resoeci oi the cnarily as rpqijired Dy %pr.lion 386 of Ihp 2006 Act", or the financial slalemenls do not accord with those records.. or the financial slalements do not comply with the a¢untIng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent exarninalion., or the financial statements have not been prepared in accordance wilh the methods and principl&s of the Statement of Recommendèd Practice fo¥ aGcounling and Teporting by charities applicable to charities preparing their accounts in accordance with the Financial R8POrtlng Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come 8¢ross no other matters in ¢onne¢tion with the examination lo which attention should be drawn in this report in order to enable a proper understanding of tha accounts to b8 rgached. MrJ G Debstsn FCA Independent Examingr Galley House, Second Floor Moon Lane Barnet Herts ENS SYL
H.O.P.E Charitable Incorporated Organlsatlon Statement of Financial Activities (including inGome and expenditure account) Year ended 31 March 2024 2024 Reslricled funds Total funds 2023 Unrestricted funds Total funds Note Income and èndowment$ Donations and legacies Charitable actlvitles Investment income 107.328 18.969 47,800 155,128 18,969 218,712 7,809 62 Total Inme 126,297 47,800 174,097 226,583 Expenditure Expenditure on Charitab activities Total expgndlture 98,878 47.000 145.878 125,354 98,878 47,000 145,878 125,354 Net Incomè and nat movement In funds 27,419 800 28,219 101,229 Re¢on¢lllatlon of funds Total funds brought forward Total funds carried forward 101,229 101,229 128.648 800 129,448 101,229 Tha statemanl of financial activities includès all gains and losses recognised in tha year. All income and expenditure derive from continuing activities. The notes on pa9as 13 to 19 form part of th8$0 financial $tatem•nts.
H.O.P.E Charitable Incorporated Organisation Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed as88ls 13 5.368 4,156 Current assets Cash at bank and in hand 140,274 148,738 Credltors- amounts falling due within one year Nat current ass&t$ 14 16,194 124,080 51,665 97.073 Total assets less current liabilities 129,448 129,448 101,229 Net assets 101,229 Funds of the Charity Restricted funds Unrestricted funds 800 128,648 101,229 Total charity fu115 16 129.448 lul.229 For the year ending 31 March 2024 charity was Èntitled to exemption from audit under section 477 of the Companies A¢1 2006 relating lo small companies. Directors, responsibilities.. The mèmb8rs have not required the company to obtsin an audit of its financial slalements for the year in queslion in accordance with section 476., The directors acknowlèdge thèir rèsponsibilities for complwng with the reqU1ments of the AGI with respect lo ounting records and the preparation of Iinancial statements. These financial statements have been prepared in accordance with the provisions applicable io companies subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 13 to 19 form part of these financial statements. 10
H.O.P.E Charltable Incorporated Organlsatlon-" Slatement of Financial Positlon f¢onllntsedJ 31 March 2024 , Thes8 financial statements were approved by the board of trustees and aulhorised for issue on g4 January 2025, and are sign8d on behalf of the board by: &K 4A(+ Galla Tw$tee s J Dacre5 Trustee r Q Seiby TNstee
H.O.P.E Charitable Incorporated Organisation Stalement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng actlvltles Nel income 28.219 101.229 Adjustnlents lor.. Deprè¢ialion of tangible fixed assets Olher interest receivable and sirnilar Income Ac¢rued expenses 1.895 1,127 1621 3,600 Changgs in.. Trade and olhgT creditors 135,4711 15,3571 48,065 Cash generated from operations 153.959 Interest received 62 Nel cash (used inllfrom operating activities 15,3571 154.021 Cash flows from investing activities Piircha%g ai langihle 3ssg15 Net cash used in investing activities 13 1071 13,1071 15 2831 15,2831 Net {decrea$ellin¢rease in cash and cash equivalents Cash and ¢ash equivalents at beginning of year Cash and cash èqulvalents at end of yèar 18,4641 148,738 148.738 140,274 148,738 The not¢s on page$ 13 to 19 forn) part of these flnandal statements. 12
H.O.P.E Charilable Incorporated Organisation Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, rggister8d in England and Wales and a registered charity in England and Wales. The address of the registered office is CIO Debson & Co. Ashdon House. 2nd Floor, Moon Lane, Barnet, Herttordshire. EN5 SYL. ststemÈnt of compllan¢• These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rewblic of Irgland IFRS 1021 (Charities SORP {FRS 102}l and the Companies Act 2006. Accounting policies Basi$ of prèparatlon The financial slalemenls have been prepared on the historical cost basis. as modified by tha revaluation of certain financial assets and liabilities and investmgnt prOpe&S measured at fair value through income or expenditure. The financial slalemenls are prepared in sterfing. which is the functional currency of the entity. Golng concgm The trustees consider that there are no material uncertalnlies about the charity's ability lo continue as a going concern. Judgements and key sources of estimatlon uncertalnty The preparation of the finan¢ial ststarnents requires management to make judgements. eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and Other taclors. including expectations of future events that are belleved lo be reasonable under the circumslancgs. Fund accountlng Unre51ricled funds are available for use at the discretion of the Iruslees to further any of the general objectives of the charlty and which have not been designated for other purposes. Designated funds are unreslricled funds eamarked by the trustees for particular future project or commitment. Restried funds are funds which are to be used in accordance with specific restriclions imposed by donors or which have been raised by the charity for a particular purposes. The costs or raising and administering such funds are charged against the specific ftjnd. 13
H.O.P.E Charitable Incorporated Organisation Notes to the Financial Statements {continuedJ Year ended 31 March 2024 Accounting poli¢19$ l¢ontlnued) Incoming resources All incone is included in thg Statement of financial activities when entillemenl has passed lo the charity, il is probablè that Ihe economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following speafic policies are applied lo particular categories of income.. in¢ome from donations or grants is recognised when there is evidence of entitlement lo the gWL receipt is probable and bts amount can be measured reliably. incom8 from donated goods is measurgty al the fair value of the goods unless this is impracllcal lo measure reliably, in which casè the value is derived from the cosl to the donor or the estimated resale value. Donated facilities and services are rècognised in the acGounls when received rf the value can be reliabty measured. No amounts are induded for the contribution of general volunteers. income from contracts for the SLJpply of servi5 is recognised with ihè delivèry of thé .onlrRrtpd servicp io cla%8ifiod x% Iinrootricttsd fLinds iJfjless Ihtsre is a copliaclLial rpqiiire.menl lor Il 10 be spént on a parlicLilar PLirposo and rptiirntsA If lin%Dnt. ln irttrhip.h c.l< sa il may be regarded as rèslricled. R¢sour¢ès expended Expenditure is re¢ognised on an accruals basis as a liability 15 incurred. Expenditure includes any VAT which cannot be fully Tecovered, and is classified under headirtgs of the statemant of financial activities to which it relates.. expenditur8 on raising funds indudes the costs of all fundraising aclivilies, events, non-charitable trading aCtltS. and the sala of donated goods. expenditurg on charitable activities includes a15 ¢osts incurred by a charity in undertaking acliviliès that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to Ihè govemance of the charity apportioned to charitable aclivilies. other expenditure Includes all expenditure that is neither reL8ted lo raSsing funds for the charity nor part of its expenditure on charitable acllvlties. All costs are allocated lo expenditu categories reflecting Ihe use of the re80urce. Direel costs allribulable to a single activity are allocated direcuy to that a1VIty. Shared costs are apportioned betwaan the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assgts Tangible assets are Initial recorded at cost, and subsequently staled al cost less any accumulated depreciation and impairment losses. Any tsngible assets carrièd 8t revaluèd amounts are recorded at the fair value al the dale of revaluats'on less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 14
H.O.P.E Charitable Incorporated Organisation Notes to the Financial Statements (conunuedj Year ended 31 March 2024 Accounting policies (ronllnued) Tangiblè assot$ (¢onllnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other re¢ogni$ed gains and losses, unless it reverses a charge for irnpairmenl th81 has previously been recognised as expenditure within the slalemenl of financial aclivilies. A decrease in the earylng amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except lo which il offsets any previous revaluation gain, in which case Ihg loss is shown within other recognis&d gains and losses on the statement of financial aclivilies. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Equipment 33D/o slraighl line Impairmant of fixed assats A review for indicators of Smpalrment Is carried out at each reporting dale. with the recoverable amount being eslimaled where su¢h indicators exisL Wherg the Carrying valuè &xce6ds the recoverable amount, the asset is impaired accordingly. Prior impairments are also rèviewèd for possible revers81 at each rerorting date. For the purposes of impairment lesliThJ, when il is not possible to estimate the rVerable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows th81 largely independenl of the cash inflows from other assets or groups of assets. For imp8irmenl testing of goodwill. the goodwill acquired in a ISinesS combination is. from the acquisition dale, allocated lo each of the cash-generaling units that are expected lo benefit from the synergies of the combination, irrespecliva of whether other assets or liabilities of the charity are assigned lo those units. Donadons and legacles Unrestricted Funds Restrided Total Funds Funds 2024 Donations Geneial donations Donations in kind 5,173 32,809 5,173 32,809 Grants Grants receivable 69,346 47,800 117,146 107,328 47.800 155,128 15
H.O.P.E Charitable Incorporated Organisation Notes to the Financlal Statements {n11n8) Year ended 31 March 2024 Donations and legacias (conflnuedl Unreslricled Funds Restricted Total Funds Funds 2023 Donations General donations Donations in kind 6.343 3,076 6.343 3,076 Grants Grants receivable 51,990 53,630 105,620 Other donations and Itgacies Exceptional incomè from donations and legacies 103,673 103,673 165,082 53,630 218,712 Charitable actlvltles Unreslricled Total Funds UrÈreslE iclod Total F.Jnd5 Funds 2024 Fur,ds 2023 Hire of hall and rooms 18.969 18,969 7.809 7,809 Investment income Unieslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest recèivable 62 62 16
H.O.P.E Charilable Incorporated Organisation Notes to the Financial Stalements f¢ontlnuedJ Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestri¢léd Funds Restricl8d Total Funds Funds 2024 Youth Club Operation & Food Bank Support costs 85,120 13,758 47,000 132,120 13,758 98.878 47.000 145.878 Unrestricted Funds Restricted Total Funds Funds 2023 Youth Club Operation & Food Bank Support costs 64,109 7,615 71,724 53,630 117,739 7,615 53,630 125,354 Exp•nditure on Charitsble a¢tlvities by a¢tivty typè Activities undertaken Grant funding directly of activities Support costs Totsl funds 2024 Total fund 2023 Youth Club Operation & Food Bank Govemance costs 47,000 85,120 4.267 9.491 136,387 9,491 119,409 5,945 47,0(10 85,120 13.758 145.878 125.354 Net income Nel income is slated after Chargin(CredIting)= 2024 2023 Deprectalion of tangible fixed assets 1.895 1,127 10. Indepgndent èxamination fees 2024 2023 Fees payable lo the independent examlner for.. Independent examination of the financial stslemenls 3,600 3,600 11. Frnelan¢e Volunt•erslYouth workers The average head count of volunteerslyoulh workers during th8 yaar was 1712023.. 8}. No voluntagrslyouth workers recewed benefits of more than £60,000 during the year12023'. Nil). 17
H.O.P.E Charitabl8 Incorporated Organisation Notes to the Financial Statements (wntinued) Year ended 31 March 2024 12. Trustee remuneration and expenses No remLJneralion or other benefits from thg charity or a related entity wara received by the trustees. 13. Tangible fixed assots Equipment Cost Al 1 April 2023 Additions 5,283 3,107 At 31 March 2024 8,390 Depredatlon Al 1 April 2023 Charge for the year At 31 March 2024 1.127 1,895 3.022 arrying amount At 31 March 2024 5.368 At 31 March 2023 4,156 14. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 23,310 8,500 19,855 10,194 6,000 16,194 51,665 15. Deferred income 2024 2023 Amount deferred in year 6,594 4,900 18
H.O.P.E Charltable Incorporatsd Organisation Notes lo the Financial Statements (contlftu6dJ Year ended 31 March 2024 16. Analysis of charitable funds Unrestrlcted funds Al 1 April 2023 At Income Expenditure 31 March 2024 General funds 101,229 126,297 198,878) 128.648 Al 7 April 2022 At Income Expenditure 31 March 2023 General funds 172,953 171.7241 101.229 R•strictèd fund$ Al 1 April 2023 At Income Expenditure 31 March 2024 Restrictad Fund 47.800 {47,0001 800 At 1 April 2022 Al Inme Expenditure 31 March 2023 ReStrle Fund 53,630 153,830} 17. Analysis of changes in net debt Al 1 Apr 2023 Cash flows At 31 Mar 2024 Cash at bank and in hand 148,738 18,464} 140,274 19