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2024-12-31-accounts

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 2024

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 2024

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 2024

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 2024. 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

2024 has been an encouraging year as the charity looks to the future and starts to embrace preparations for change. The programme continued to provide regular contact with local young people and families on the Redhouse which developed through the year.

The second encouragement in 2024 was the development of the work with local teenagers. A core of teenagers met regularly at weekly youth meetings

The third exciting development during 2024 was the new and growing link with Walsall Council. This has been a stimulus to the Charity and brought new funding streams to 'help make things happen'. We were happy to partner with the Council which funded a 'Warm Welcome' space through the winter for local people to drop in, We expect this synergy to develop further in 2025.

Staff Changes and Development

The Hothouse welcomed a couple of volunteers who have moved onto the estate and feel that God has called them to work at the Hothouse. Volunteers like these are a great asset to the central team in delivering 'care for the community in Jesus' name'.

December 2024 saw the conclusion of a happy and fruitful period of ministry by Ella Morley, our employed part-time Team Member, who pioneered recent outreach to Teenagers, alongside activities for parents, carers and toddlers. We reviewed the brief and advertised for a post (or job share) and received 4 expressions of interest in being interviewed in early 2025 - these new appointments will help shape the next chapter of Hothouse activities..

FINANCIAL REVIEW

Financial position

The Charity has been well supported by the local church and local charities in 2024 - to a greater extent than expected. During the year, Walsall Council funding for specific pieces of work became significant financial support and enabled us to run projects which fitted our vision and were a blessing in the community. There is a growing list of modest projects coming onstream in 2025, and we are part of these conversations

The charity also continues to raise funds itself - for example, through the Aldridge Charity Run - and we have tightened our belts where possible - to become more efficient at how we use the funds we receive.

The Trustees are grateful for the goodwill and support of local people and we are most grateful to the Lord for blessing these initiatives.

-1-

THE HOTHOUSE AT REDHOUSE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Reserves policy

The Trustees reviewed the Reserves Policy during 2024 and expect the unrestricted reserve amount to be in excess of £15,000. This figure is modelled on three months core expenditure which the Trustees have determined to be acceptable as part of their ongoing approach to risk management

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

Trustees

Patrick Stephen Doel Minister Of Religion Suzanne Jane Letts Chartered Accountant John Howard Wearing Solicitor The Venerable David Lee Retired Archdeacon Annette Rosemary Homer Retired Headteacher 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 12 June 2025 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 2024.

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

12 June 2025

-3-

THE HOTHOUSE AT REDHOUSE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
51,324
Investment income
3
7,790
Total
59,114
EXPENDITURE ON
Charitable activities
4
CHARITABLE
45,329
NET INCOME/(EXPENDITURE)
13,785
RECONCILIATION OF FUNDS
Total funds brought forward
112,925
TOTAL FUNDS CARRIED FORWARD
126,710		 Restricted
fund
£
4,080
-
4,080
3,883
197
239
436		 2024
Total
funds
£
55,404
7,790
63,194
49,212
13,982
113,164
127,146		 2023
Total
funds
£
38,858
6,600
45,458
47,952
(2,494)
115,658
113,164

The notes form part of these financial statements

-4-

THE HOTHOUSE AT REDHOUSE

BALANCE SHEET 31 DECEMBER 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
72,000
CURRENT ASSETS
Cash at bank
55,970
CREDITORS
Amounts falling due within one year
10
(1,260)
NET CURRENT ASSETS
54,710
TOTAL ASSETS LESS CURRENT
LIABILITIES
126,710
NET ASSETS
126,710
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
436
-
436
436
436		 2024
Total
funds
£
72,000
56,406
(1,260)
55,146
127,146
127,146
126,710
436
127,146		 2023
Total
funds
£
72,000
42,358
(1,194)
41,164
113,164
113,164
112,925
239
113,164

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 12 June 2025 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 2024

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

2024 2023
£ £
Cooper and Jordan Trust 24,495 18,000
Other donations and gift aid 30,184 20,858
54,679 38,858

continued...

-6-

THE HOTHOUSE AT REDHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

3. INVESTMENT INCOME

INVESTMENT INCOME
Rents received
Deposit account interest		 2024
£
7,200
590
7,790		 2023
£
6,600
-
6,600

4. CHARITABLE ACTIVITIES COSTS

CHARITABLE
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Sundries
Activities
Repairs and maintenance
Independent examination fee		 Direct
Costs (see
note 5)
£
49,212
2024
2023
£
£
30,579
31,814
954
682
1,293
1,280
1,027
1,056
755
493
1,508
1,601
9,375
8,146
2,461
1,566
1,260
1,314
49,212
47,952

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Charitable activities		 2024
£
30,579
30,579
2024
4		 2023
£
31,814
31,814
2023
3

No employees received emoluments in excess of £60,000.

continued...

-7-

THE HOTHOUSE AT REDHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
33,998
Investment income
6,600
Total
40,598
EXPENDITURE ON
Charitable activities
CHARITABLE
42,670
NET INCOME/(EXPENDITURE)
(2,072)
RECONCILIATION OF FUNDS
Total funds brought forward
114,997
TOTAL FUNDS CARRIED FORWARD
112,925
9.
TANGIBLE FIXED ASSETS
COST
At 1 January 2024 and
31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Restricted
fund
£
4,860
-
4,860
5,282
(422)
661
239		 Total
funds
£
38,858
6,600
45,458
47,952
(2,494)
115,658
113,164
Freehold
property
£
72,000
72,000
72,000

continued...

-8-

THE HOTHOUSE AT REDHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
11.
MOVEMENT IN FUNDS
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1/1/24
£
112,925
239
113,164
Incoming
resources
£
59,114
4,080
63,194
At 1/1/23
£
114,997
661
115,658		 2024
2023
£
£
1,260
1,194
Net
movement
At
in funds
31/12/24
£
£
13,785
126,710
197
436
13,982
127,146
Resources
Movement
expended
in funds
£
£
(45,329)
13,785
(3,883)
197
(49,212)
13,982
Net
movement
At
in funds
31/12/23
£
£
(2,072)
112,925
(422)
239
(2,494)
113,164

continued...

-9-

THE HOTHOUSE AT REDHOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted funds 40,598 (42,670) (2,072)
Restricted funds
Restricted funds 4,860 (5,282) (422)
TOTAL FUNDS 45,458 (47,952) (2,494)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

-10-

THE HOTHOUSE AT REDHOUSE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Sundries
Activities
Repairs and maintenance
Independent examination fee
Total resources expended
Net income/(expenditure)		 2024
£
55,404
7,200
590
7,790
63,194
30,579
954
1,293
1,027
755
1,508
9,375
2,461
1,260
49,212
49,212
13,982		 2023
£
38,858
6,600
-
6,600
45,458
31,814
682
1,280
1,056
493
1,601
8,146
1,566
1,314
47,952
47,952
(2,494)

This page does not form part of the statutory financial statements

-11-

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Signature 1

Signed by David Lee using authentication code eU55T1gxJE08ekNq at IP address 80.193.0.16, on 2025/07/30 10:16:39 Z.

David Lee's e-mail address is: david@hothouse.church.