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2024-03-31-accounts

Trustees' Annual Report for the Year Ended March 2024 Community Hope Project (Charity Number: 1201420)

Introduction

The trustees of the Community Hope Project are pleased to present their annual report and financial statements for the year ended March 2024. This report outlines our activities, achievements, and financial performance over the past year.

The Community Hope Project operates as a charity shop, raising funds to support community services, poverty alleviation. Our vision is to empower and uplift communities through charitable initiatives funded by the proceeds of our shop.

Structure, Governance, and Management

Governing Document:

The Community Hope Project is governed by its Constitution, adopted in December 2021.

Charitable Objectives:

The charity is established to support vulnerable members of the community and provide financial assistance to community projects.

Trustees:

The trustees who served during the financial year and up to the date of this report were:

Trustees are appointed in accordance with the provisions set out in the governing document and are responsible for ensuring the charity meets its objectives while complying with all legal and regulatory requirements.

Achievements and Performance

Charity Shop Operations

The charity shop continues to play a central role in our fundraising efforts. Over the past year, the shop has generated income from donated goods, such as clothing, furniture, and household items. Key highlights include:

Community Support

Funds raised through the charity shop enabled us to:

  1. Provide financial assistance to local support groups and local teams.

Financial Review

Overview:

During the financial year, the Community Hope Project generated an income of £60,051.07, with expenditures totalling £40,699.24. This resulted in a net surplus £19351.83.

Income Sources:

Expenditures:

The trustees are satisfied with the financial health of the charity and remain committed to ensuring resources are used efficiently to achieve our charitable objectives.

Reserves Policy

The trustees have established a reserves policy to ensure financial stability and sustainability. As of December 2021, the reserves stand at £41,145.99, equivalent to 27 months of operational costs.

The target is to maintain reserves sufficient to cover at least 6 months of core activities to protect against unforeseen circumstances.

Plans for the Future

In the coming year, the Community Hope Project aims to:

  1. Expand the charity shop’s operations by extending hours.

  2. Increase community engagement through volunteer recruitment drives, public awareness campaigns, or workshops.

  3. Develop partnerships with local organizations to broaden the impact of our funding.

We are confident that these initiatives will further enhance our ability to support the community and deliver on our charitable objectives.

Statement of Trustees' Responsibilities

The trustees are responsible for ensuring the charity maintains proper accounting records, prepares annual accounts in accordance with applicable laws and regulations, and safeguards the charity’s assets.

Acknowledgements

The trustees extend their heartfelt gratitude to:

We look forward to continuing to serve and uplift the community in the years to come.

Signed on behalf of the Board of Trustees: Name: Gillian Bufton

Role: Chair of Trustees Date: 16/01/2024

Registered Charih. Number :_ 1201420 THE Co￿[￿UNITy HOPE PROJECT FINANCIAL STATEMEYts FOR THE YEAR END 31 March 2024 IS )Iarket Square EbbH" l ale

THE CO.NLIILThTfY HOPE PROJEcr FOR THE YEAR &N4DED 31 hsatch 2024 INDEPENT)ENT EXAMtNER'S REPORT................ .... .... ...................... ......... ... .... ... ...................... ... .... STATEMENT OF FINANCIAL ACThT[￿S...................................................................................................... BALAli￿ SHEET................................................................................................................................................ NOTESTO THE FINANCIAL STATEMENTS....................................................................................................

THE CO.NLIILThTfY HOPE PROJEcr I)EPENTENT E￿)IL￿TR's REPORT FOR THE YEAR &N4DED 31 hsatch 2024 Independent Examiner's Report to the ChaTih" Conuniwon for The Conununih. Hope Project (Charih. Number: 1?01420) For the l'ear ended 31 lIa￿h 2024 Number. 1201420) (the "Cljarity,) for the }"C￿ ended 31 N[2￿￿ ?024. Responsibilities and baw ol report As the tnlsttts of the Chanty". Jou are resF>nsible for the prepar3tson of the statements in accordance iiryth the Charrties Act 2011 (-the.4ct"). lou collsidet ￿￿t requjtemeth of sectson 144(2) of the_4ct does not applN": and that an report to tILe cb3n.ty Commiwon m accordance Vith the.4cL My role ￿ to slate Vlthethet pxtsculat matte[5 come to m)" aitelltson dunng the cOu￿e of my exa[n￿OIL a5 pr￿1ded ' the Act..M? exan)It￿llOn is Ca￿led ¢)w ia accordance iiith the apphcable Dmons gl.en b)" the Char￿. con]mi￿10n un section 145{5Xb) of dle Act. An examIn￿oll I￿1th a t￿]eW of the xcouuting re£otd5 kem b)" the Chw and a compan50ll

THE CO.NLIILThTfY HOPE PROJEcr I)EPENTENT E￿)IL￿TR's REPORT FOR THE YEAR &N4DED 31 hsatch 2024 of the finaticial statements presented Thith those records. It algo includes considerth'on of anN urlusual items or disclosures in the fmallc￿ stemellts and seekmg LTplaoats"ons fr(m] )"ou as trustees concerning an)" such nLitters. The p￿ry￿￿e of the exati)in2tson is to woiide a llljll'ted as￿rniCe tb fy) mateft￿ matters come to attention that oii"e cause to tell￿￿ l. Accouottng ￿(OrdS h￿"e aot Eeen kept in acCOrda￿e Thith Sed1￿ 130 ofthe Act or 2. The financ131 ststerne￿ do nc* xcord those recotd5" or statements set out In the Chatrties (Account5 and Rep￿rts) ReguJatioDS 21J)8: othet than any requjtrnt that the fllwic statemeths a "In￿ and far Thtiich ts not a n]atter considered as part of all tttydent examithoLL Independent euminer'5 Statement l. w￿"Ch ￿l"eS me Texsotthle cause to tha( m an)" Matt￿ resrrt the requrneats" . To keep xcountmo recor& in acc¢xdatte Thith se￿10n 130 ofthe Acr: and tlke ACL

THE CO.NLIILThTfY HOPE PROJEcr I)EPENTENT E￿)IL￿TR's REPORT FOR THE YEAR &N4DED 31 hsatch 2024 hai"e not E¢en met" (Y 2. To iilu.th in my Opini￿ attentton sknuld be draThTr in ￿der kn enable a of the fmancial State1￿ to )ame: Brandon Hutton Relei"aDt professional qualificat¥)n or both.: ILUT CompanTr )ame: BDH Tax Re￿ Limited Date: IOm11202

THE CO.NLIILThTfY HOPE PROJEcr STATEIIEYT OF FThX)CIAL ACtThTtIES FOR THE YEAR &N4DED 31 hsatch 2024 Recommended categories bi- actiiih- Ilnrestrirted fllnds Total Funds 2024 Notes Total Funds 2023 Income aDd endowments from: Other trading actilities 60.051.07 60.051.07 Total 60,0£1.07 60,051.07 Expenditure on: R￿"S￿g fi￿dS 14.834.93 14.834_93 Chan'table actiiities 25.424.27 25.424.27 440.04 440.04 Total 40,699a4 40,69924 Yet incomeJ(expenditsre) 19J51.83 19JSl.83 Yet moi"ement iti funds 19J51.83 19J51.83 Reconciliation of fund5: Totsl funds brougbt forv4-ard 41.145.99 41.145.99 Total funds carried forward 60,497.82 60,497.82

THE CO.NLIILThTfY HOPE PROJEcr BAL￿ThCE SHEET FOR THE YEAR &N4DED 31 hsatch 2024 Recommended categories bi- actiiih- Notes Ilnrestrirted fllnds Total Funds 2024 Total Funds 2023 cu￿ellt assets Cash at bank and in I￿ld 60.497.82 60.497.82 Total current assets 60,497.82 60,497.82 Total net assets or IAabilities 60,497.82 60,497.82 Funds of the Charit)" Unrestsicted knds 60.497.82 60.497.82 41.145.99 EndoThinent funds Total funds 60,497.82 60,497.82 41,145.99 Tbe financthl statetiienis Ii'ere approi-ed by tbe Board on 16.Jan.2025 al￿ signed on its behalf by: Gillian Bufton Chw to T￿￿ttt$

THE CO.NLIILThTfY HOPE PROJEcr NOTES TO THE FLy￿￿CIAL STATEIIENIS FOR THE YEAR &N4DED 31 hsatch 2024 l Accounting Policies 1.1 Accounting Policies The principal accounting policies adopted bv the Clwttv: Ththich is a pubh'c benefit entitr. in the preparthon of the accounts are as folloTh3. 1.2 Basts of preparatlon These accounts hai"e been prepared under the h￿tOrical cost coni"entioo as mothfied b)" the ￿ClUSion of charitable propertie5 and f￿ed asset ￿l"esI￿entS and ￿l"eStment ptoperties at i"aluation. These accounts bai"e been prewed in accordance iiith -Accounting atsd Reporting bv CFthrities". Statement of Recon]tnended Practsce app￿Cable to chan.ties preparll￿ the￿ accounts ￿ accordance Trith the FuL￿CIal RepOrt￿g Standard applicable in the and Republic of Ireland (FRS 102):: (effectii"e l Januao. 2019) - (Chan'ties SORP (FRS 102)). the Fit]ancthl Reporttng Standard apP￿cable in the UK and Repubhc of treland (FRS 102) and the Clwities Act 2011. These accounts are presented in pounds sterlmg and rounded to the nearest pound. 1.3 Going concern The TrU￿ee$ hai"e prepared finaocthl projections. tskmg lltto consideratton the current economic conth"tions and h￿"e. at the time of apprthillg these aeeounts: a reasonable expectation that the thatitv ha5 adequate res4)urces to continue in operational existence for the foreseeable fimwe. Thus tho" continue to adopr the going concern basis of accounting ￿ prePar￿g the accounts. 2 Income from Other Trading Activities ETDrtstricted funds Total ￿ndS 2024 Total funds 2023 A￿a￿￿lS Shop mcome 60.051.07 60.051.07 60.051.07 60.Oil.07 3 Expenditure on Raising Funds Total funds Total futtds 2024 2023 Anah3is Other trad￿E actii"ittes Staff costs Rent collectioL property repai￿ at￿ tnaintenance cknges 727_lO 1.204.35 12.903.48 14_834_93

THE CO.NLIILThTfY HOPE PROJEcr NOTES TO THE FLy￿￿CIAL STATEIIENIS FOR THE YEAR &N4DED 31 hsatch 2024 4 Expenditure on Charitable Actiiryties Total follds 2024 Total funds 2023 Anah3is Chanty running cost Donations Pnntll￿ and stationery 1.327.76 23.922.00 174.il 25.424.27 5 Other Expenditure ITnrestricted funds Total funds 2024 Total ￿ndS 2023 Anah3is 440.04 440.04 440.04 440.04 6 Cash at bank and in hand Total fund5 2024 Total fund5 2023 Cash at bank and on hand 60.497.82 60.497.82

THE CO.NLIILThTfY HOPE PROJEcr NOTES TO THE FLy￿￿CIAL STATEIIENIS FOR THE YEAR &N4DED 31 hsatch 2024 7 Charity funds 7.1 Details of material fllDds held and moi-ements during the CIIUiENT reporting period Fund balances brought fonvard FuDd balances carried forward Income E￿endItu￿ Transfe Gains and Fund names ITnrestricted funds General Fund 60.Oil.07 (40:699.24) 19.351.83 Total 60.Oil.07 (40.699.24) 19.351_83 72 Transfer5 beth.een funds This Year Amount Beth'een endoiiTnent and iestricted fi Bemten endoThThent and unrestricted funds io

Independent Examiner's Report to the Charity Commission for The Community Hope Project (Charity Number: 1201420)

For the year ended 31 March 2024

I report to the Charity Commission on my examination of the financial statements of The Community Hope Project (Charity Number: 1201420) (the "Charity") for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the Charity, you are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 ("the Act"). You consider that the audit requirement of section 144(2) of the Act does not apply, and that an independent examination is required.

I have been appointed to conduct an independent examination of the financial statements under section 145 of the Act, and to report to the Charity Commission in accordance with the Act.

My role is to state whether particular matters have come to my attention during the course of my examination, as provided in the Act. My examination is carried out in accordance with the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The purpose of the examination is to provide a limited assurance that no material matters have come to my attention that give me cause to believe that, in any material respect:

  1. Accounting records have not been kept in accordance with section 130 of the Act; or

  2. The financial statements do not accord with those records; or

  3. The financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the financial statements give a "true and fair view" which is not a matter considered as part of an independent examination.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. To keep accounting records in accordance with section 130 of the Act; and

  3. To prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act,

have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Name: Brandon Hutton

Relevant professional qualification or body: MAAT Company Name: BDH Tax Relax Limited

Date: 16/01/2025