**REGISTERED COMPANY NUMBER: 13260410 (England and Wales) REGISTERED CHARITY NUMBER: 1194547** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FOR** ## **THE HOTHOUSE AT REDHOUSE** Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT **THE HOTHOUSE AT REDHOUSE** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 10| |**Detailed Statement of Financial Activities**|11| ## **THE HOTHOUSE AT REDHOUSE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's objects are to advance the Christian faith and the education of children and young people in particular by the provision of a safe environment for them to gather for educational, recreational and other leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and their conditions of life may be improved. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit and feel that this has been achieved by their efforts to maximise the trust's income and provide its services to the local community. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In the last year, the Hothouse was able to expand its work due in part to a larger team of leaders. This helped the trustees identify areas of ministry which could be explored - particularly in supporting teenagers - a group we have been unable to serve until now due to limited team capacity. This ministry has got off to a flying start, developing contact with 15 - 20 teenagers on the Redhouse estate. Furthermore, this new ministry has generated more interest and our team of volunteers has grown. The Trust is working on a long-term strategic plan and has surveyed the estate with a view to increasing our physical capacity to work with different groups. There is good will in the area, though we recognise it will take years to develop the accommodation we need. We are grateful to the Lord for having blessed this work and look forward to what 2022 will hold as we commend the love of Jesus Christ to the local community. ## **FINANCIAL REVIEW** ## **Financial position** The Trust has experienced a reduction in grant income and so has dipped into the reserves to maintain the ministry on the Hothouse estate for this year. We plan to overhaul our income streams next year, so we can expand the ministry wisely. The Trustees consider the results of the year to be encouraging. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 13260410 (England and Wales) ## **Registered Charity number** 1194547 ## **Registered office** Aldridge Parish Church, Church Office 14 The Green Aldridge Walsall WS9 8NH -1- ## **THE HOTHOUSE AT REDHOUSE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Trustees** Patrick Stephen Doel Minister Of Religion Suzanne Jane Letts Accountant John Howard Wearing Solicitor The Venerable David Lee Retired Archdeacon Annette Rosemary Homer (appointed 9/2/2023) Rachel Ann Sedgwick ## **Company Secretary** ## **Independent Examiner** Richard Smallwood FCCA, ACA Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT Approved by order of the board of trustees on 25 September 2023 and signed on its behalf by: The Venerable David Lee - Trustee -2- ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOTHOUSE AT REDHOUSE** ## **Independent examiner's report to the trustees of The Hothouse At Redhouse ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself 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, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting 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 examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Richard Smallwood FCCA, ACA The Institute of Chartered Accountants in England and Wales Wallace Crooke Walsall Limited Chartered Accountants Wallace House 20 Birmingham Road Walsall West Midlands WS1 2LT 25 September 2023 -3- ## **THE HOTHOUSE AT REDHOUSE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
27,347
Investment income
3
4,879
**Total**
32,226
**EXPENDITURE ON**
**Charitable activities**
4
CHARITABLE
41,069
**NET INCOME/(EXPENDITURE)**
(8,843)
**RECONCILIATION OF FUNDS**
Total funds brought forward
123,840
**TOTAL FUNDS CARRIED FORWARD**
114,997|Year ended
31/12/22
Restricted
Total
fund
funds
£
£
6,161
33,508
-
4,879
6,161
38,387
6,279
47,348
(118)
(8,961)
779
124,619
661
115,658|Period
11/3/21
to
31/12/21
Total
funds
£
31,449
5,124
36,573
43,966
(7,393)
132,012
124,619| |---|---|---| The notes form part of these financial statements -4- ## **THE HOTHOUSE AT REDHOUSE** ## **BALANCE SHEET 31 DECEMBER 2022** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
9
72,000
**CURRENT ASSETS**
Debtors
10
-
Cash at bank
43,984
43,984
**CREDITORS**
Amounts falling due within one year
11
(987)
**NET CURRENT ASSETS**
42,997
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
114,997
**NET ASSETS**
114,997
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
661
661
-
661
661
661|2022
Total
funds
£
72,000
-
44,645
44,645
(987)
43,658
115,658
115,658
114,997
661
115,658|2021
Total
funds
£
72,000
113
54,888
55,001
(2,382)
52,619
124,619
124,619
123,840
779
124,619| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2023 and were signed on its behalf by: The Venerable David Lee - Trustee The notes form part of these financial statements -5- **THE HOTHOUSE AT REDHOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Investment returns are recognised when receivable and the amount can be measured reliably by the charity. Rental income from operating leases is recognised on a straight line basis over the term of the lease. ## **Expenditure** All expenditure is accounted for on an accruals basis. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **2. DONATIONS AND LEGACIES** |Cooper and Jordan Trust
GLO Grant
Other donations and gift aid|2022
£
14,062
-
19,446
33,508|2021
£
14,500
-
16,950
31,450| |---|---|---| |||| -6- continued... ## **THE HOTHOUSE AT REDHOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **3. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| |||Period| |||11/3/21| ||Year ended|to| ||31/12/22|31/12/21| ||£|£| |Rents received|4,761|5,076| |Deposit account interest|118|48| ||4,879|5,124| ## **4. CHARITABLE ACTIVITIES COSTS** CHARITABLE Direct Costs (see note 5) £ 47,348 ## **5. DIRECT COSTS OF CHARITABLE ACTIVITIES** |**DIRECT COSTS OF CHARITABLE ACTIVITIES**|| |---|---| |Staff costs|Period
11/3/21
Year ended
to
31/12/22
31/12/21
£
£
29,718
31,579| |Rates and water|220
112| |Insurance|1,098
1,056| |Light and heat|879
1,000| |Telephone|713
560| |Sundries|722
1,065| |Activities|8,559
3,770| |Repairs and maintenance|4,439
3,864| |Independent examination fee|1,000
960
47,348
43,966| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the period ended 31 December 2021. continued... -7- **THE HOTHOUSE AT REDHOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **7. STAFF COSTS** |**7.**|**STAFF COSTS**|||||| |---|---|---|---|---|---|---| |||||||Period| |||||||11/3/21| ||||Year ended|||to| ||||31/12/22|||31/12/21| |||||£||£| ||Wages and salaries||29,718|||31,579| ||||29,718|||31,579| ||The average monthly number of employees during the year|was as follows:||||| ||Charitable activities||Year ended
31/12/22
3|||Period
11/3/21
to
31/12/21
3| ||No employees received emoluments in excess of £60,000.|||||| |**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**||||| ||**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£|Restricted
fund
£|||Total
funds
£| ||Donations and legacies|27,499||3,950||31,449| ||Investment income|5,124|||-|5,124| ||**Total**|32,623||3,950||36,573| ||**EXPENDITURE ON**|||||| ||**Charitable activities**|||||| ||CHARITABLE|40,795||3,171||43,966| ||**NET INCOME/(EXPENDITURE)**|(8,172)||779||(7,393)| ||**RECONCILIATION OF FUNDS**|||||| ||Total funds brought forward|132,012|||-|132,012| ||**TOTAL FUNDS CARRIED FORWARD**|123,840||779||124,619| |||||||| These comparatives reflect the activities of the previously unincorporated charity. -8- continued... **THE HOTHOUSE AT REDHOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2022 and
31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals and deferred income
**12.**
**MOVEMENT IN FUNDS**
At 1/1/22
£
**Unrestricted funds**
Unrestricted funds
123,840
**Restricted funds**
Restricted funds
779
**TOTAL FUNDS**
124,619
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
Unrestricted funds
32,226
**Restricted funds**
Restricted funds
6,161
**TOTAL FUNDS**
38,387|Freehold
property
£
72,000
72,000
72,000
2022
2021
£
£
-
113
2022
2021
£
£
987
2,382
Net
movement
At
in funds
31/12/22
£
£
(8,843)
114,997
(118)
661
(8,961)
115,658
Resources
Movement
expended
in funds
£
£
(41,069)
(8,843)
(6,279)
(118)
(47,348)
(8,961)| |---|---| -9- continued... ## **THE HOTHOUSE AT REDHOUSE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022** ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At
11/3/21
£
**Unrestricted funds**
Unrestricted funds
132,012
**Restricted funds**
Restricted funds
-
**TOTAL FUNDS**
132,012
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
Unrestricted funds
32,623
**Restricted funds**
Restricted funds
3,950
**TOTAL FUNDS**
36,573|Net
movement
At
in funds
31/12/21
£
£
(8,172)
123,840
779
779
(7,393)
124,619
Resources
Movement
expended
in funds
£
£
(40,795)
(8,172)
(3,171)
779
(43,966)
(7,393)| |---|---| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. -10- ## **THE HOTHOUSE AT REDHOUSE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |**DETAILED STATEMENT OF**
**FOR THE YEAR ENDED**|**FINANCIAL ACTIVITIES**
**31 DECEMBER 2022**|| |---|---|---| |||Period| |||11/3/21| ||Year ended|to| ||31/12/22|31/12/21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|33,508|31,449| |**Investment income**||| |Rents received|4,761|5,076| |Deposit account interest|118|48| ||4,879|5,124| |**Total incoming resources**|38,387|36,573| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|29,718|31,579| |Rates and water|220|112| |Insurance|1,098|1,056| |Light and heat|879|1,000| |Telephone|713|560| |Sundries|722|1,065| |Activities|8,559|3,770| |Repairs and maintenance|4,439|3,864| |Independent examination fee|1,000|960| ||47,348|43,966| |Total resources expended|47,348|43,966| |**Net expenditure**|(8,961)|(7,393)| This page does not form part of the statutory financial statements -11- ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by Suzanne Letts using authentication code KGVEZj8lMMKjUTJGYg== at IP address 86.142.33.195, on 2023/09/29 10:30:06 Z. Suzanne Letts's e-mail address is: lettssuzanne@btinternet.com.