**Trustees' Annual Report for the Year Ended March 2025 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 2025. 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:
- Gillian Bufton, Chair
- Maureen Wendy Gough, Trustee
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:
- **Donations Received:** We received £0.00 of donations.
- **Sales Revenue:** The shop generated £51908.52.
## **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 £51908.52, with expenditures totalling £46724.54. This resulted in a net surplus £5183.98.
## **Income Sources:**
- Shop Sales: £51908.52
- Grants and Donations: £0.00
## **Expenditures:**
- Staff and Volunteer Expenses: £487.00
- Rent and Utilities: £21301.12
- Operational Costs (e.g., marketing, maintenance): £24,936.42
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:
- **Our Donors:** For their generosity in providing items for sale.
- **Our Volunteers:** For their dedication and commitment to running the shop.
- **The Local Community:** For their ongoing support, enabling us to achieve our mission.
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: 13/06/2025
Registered Charity Number : 1201420
## **THE COMMUNITY HOPE PROJECT**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025
Page 1 of 9
## **THE COMMUNITY HOPE PROJECT**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 March 2025
**Trustees** Gillian Bufton **Charity Number** 1201420 **Registered Office** 15 Market Square Ebbw Vale NP23 4AJ
Page 2 of 9
## **THE COMMUNITY HOPE PROJECT**
## **CONTENTS**
FOR THE YEAR ENDED 31 March 2025
Trustees' Report
Statement of Finanical Activities
Balance Sheet
Notes to the Financial Statements
Page 3 of 9
## **THE COMMUNITY HOPE PROJECT**
## **TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 March 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025 .
This report was approved by the trustee and signed on its behalf by:
---------------------------------------------------Gillian Bufton Trustee Date : 21 May 2025
Page 4 of 9
## **THE COMMUNITY HOPE PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 March 2025
|OR THE YEAR ENDED 31 March 2025|||
|---|---|---|
|**Recommended categories**
**by activity**
**Notes**
**Unrestricted**
**funds**
**£**
**Income and endowments**
**from:**
Other trading activities
2
51,908.52
**Total**
51,908.52
**Expenditure on:**
Raising funds
3
21,301.12
Charitable activities
4
18,886.44
Other
6
6,536.98
**Total**
46,724.54
**Net income/(expenditure)**
5,183.98
**Net movement in funds**
5,183.98
**Reconciliation of funds:**
Total funds brought forward
100,750.31
**Total funds carried**
**forward**
105,934.29|**Total Funds**
**2025**
**£**
**Total**
51,908.52
51,908.52
21,301.12
18,886.44
6,536.98
46,724.54
5,183.98
5,183.98
100,750.31
105,934.29|**Funds 2024**
**£**
60,051.07|
|||60,051.07|
|||14,834.93
25,424.27
440.04|
|||40,699.24|
|||19,351.83
19,351.83
-|
|||19,351.83|
Page 5 of 9
## **THE COMMUNITY HOPE PROJECT**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 March 2025
|OR THE YEAR ENDED 31 March 2025|||
|---|---|---|
|**Recommended**
**categories by activity**
**Notes**
**Unrestricted**
**funds**
**£**
**Total**
Fixed assets
Tangible assets
7
(400.00)
**Total fixed assets**
(400.00)
Current assets
Cash at bank and in hand
8
126,579.62
**Total current assets**
126,579.62
**Total net assets or**
**liabilities**
126,179.62
**Funds of the Charity**
Unrestricted funds
9
105,934.29
Restricted income funds
9
Endowment funds
9
Revaluation reserve
60,497.82
**Total funds**
166,432.11|**Funds 2025**
**£**
**Total**
(400.00)
(400.00)
126,579.62
126,579.62
126,179.62
105,934.29
-
-
60,497.82
166,432.11|**Funds 2024**
**£**
-|
|||-|
|||60,497.82
60,497.82|
|||60,497.82|
|||100,750.31
-
-
-|
|||100,750.31|
The financial statements were approved by the trustees on 21 May 2025 and signed on its behalf by:
Gillian Bufton Chair to Trustees Date : 21 May 2025
Page 6 of 9
## **THE COMMUNITY HOPE PROJECT NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2025
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **2. Income from Other Trading Activities**
|**Analysis**|**Unrestricted funds**|**Unrestricted funds**|**Total funds 2025**|**Total funds 2024**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|Shop income||51,908.52|51,908.52|60,051.07|
|||51,908.52|51,908.52|60,051.07|
|**3. Expenditure on Raising Funds**|||||
|**Analysis**|||**Total funds 2025**|**Total funds 2024**|
||||**£**|**£**|
|Other trading activities|||-|727.10|
|Staff costs|||-|1,204.35|
|Rent collection, property repairs and maintenance
charges|||21,301.12|12,903.48|
||||21,301.12|14,834.93|
|**4. Expenditure on Charitable Activities**|||||
||||**Total funds 2025**|**Total funds 2024**|
|**Analysis**|||**£**|**£**|
|Staff costs|||487.00|-|
|Charity running cost|||1,104.44|1,327.76|
|Donations|||16,645.00|23,922.00|
|Printing and stationery|||-|174.51|
|Support Costs|||650.00|-|
||||18,886.44|25,424.27|
## **3. Expenditure on Raising Funds**
## **4. Expenditure on Charitable Activities**
Page 7 of 9
## **5. Support Costs**
|**Analysis**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**Governance Costs**
Accountants fees
650.00
-
650.00
-
**6. Other Expenditure**
**Analysis**
**Unrestricted funds**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**£**
Other Expenditure
6,536.98
6,536.98
440.04
6,536.98
6,536.98
440.04
**7. Tangible Fixed Assets**
**Motor Vehicles**
**£**
**7.1 Cost or valuation**
At 01 April 2024
-
Additions
-
Disposals
(400.00)
Revaluations
-
Transfers
-
At 31 March 2025
(400.00)
**7.2 Depreciation and impairments**
At 01 April 2024
-
Charge for the year
-
Disposals
-
Revaluations
-
Transfers
-
At 31 March 2025
-
**7.3 Net book value**
At 01 April 2024
-
At 31 March 2025
(400.00)|**Analysis**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**Governance Costs**
Accountants fees
650.00
-
650.00
-
**6. Other Expenditure**
**Analysis**
**Unrestricted funds**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**£**
Other Expenditure
6,536.98
6,536.98
440.04
6,536.98
6,536.98
440.04
**7. Tangible Fixed Assets**
**Motor Vehicles**
**£**
**7.1 Cost or valuation**
At 01 April 2024
-
Additions
-
Disposals
(400.00)
Revaluations
-
Transfers
-
At 31 March 2025
(400.00)
**7.2 Depreciation and impairments**
At 01 April 2024
-
Charge for the year
-
Disposals
-
Revaluations
-
Transfers
-
At 31 March 2025
-
**7.3 Net book value**
At 01 April 2024
-
At 31 March 2025
(400.00)|**Analysis**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**Governance Costs**
Accountants fees
650.00
-
650.00
-
**6. Other Expenditure**
**Analysis**
**Unrestricted funds**
**Total funds 2025**
**Total funds 2024**
**£**
**£**
**£**
Other Expenditure
6,536.98
6,536.98
440.04
6,536.98
6,536.98
440.04
**7. Tangible Fixed Assets**
**Motor Vehicles**
**£**
**7.1 Cost or valuation**
At 01 April 2024
-
Additions
-
Disposals
(400.00)
Revaluations
-
Transfers
-
At 31 March 2025
(400.00)
**7.2 Depreciation and impairments**
At 01 April 2024
-
Charge for the year
-
Disposals
-
Revaluations
-
Transfers
-
At 31 March 2025
-
**7.3 Net book value**
At 01 April 2024
-
At 31 March 2025
(400.00)|
|---|---|---|
||||
||||
|||-|
|||-|
|||(400.00)|
## **8. Cash at bank and in hand**
||**Total funds 2025**|**Total funds 2024**|
|---|---|---|
||**£**|**£**|
|Cash at bank and in hand|126,579.62|60,497.82|
||126,579.62|60,497.82|
## **9. Charity funds**
**9.1 Details of material funds held and movements during the CURRENT reporting period**
Page 8 of 9
||**Fund**||||||**Fund**|
|---|---|---|---|---|---|---|---|
|**Fund names**|**balances**
**brought**|**Income**|**Expenditure**|**Transfers**||**Gains and**
**losses**|**balances**
**carried**|
||**forward**||||||**forward**|
||**£**|**£**|**£**||**£**|**£**|**£**|
|**Unrestricted**||||||||
|**funds**||||||||
|**General**
**Fund**|100,750.31|51,908.52|46,724.54||-|-|105,934.29|
|||||||||
|**Total**|100,750.31|51,908.52|46,724.54||-|-|105,934.29|
|**9.2 Details of**|**material funds**|**held and**|**movements**|**during the PREVIOUS reporting**||||
|**period**||||||||
||**Fund**||||||**Fund**|
|**Fund names**|**balances**
**brought**|**Income**|**Expenditure**|**Transfers**||**Gains and**
**losses**|**balances**
**carried**|
||**forward**||||||**forward**|
||**£**|**£**|**£**||**£**|**£**|**£**|
|**Unrestricted**||||||||
|**funds**||||||||
|**General**
**Fund**|-|60,051.07|(40,699.24)||-|-|100,750.31|
|||||||||
|**Total**|-|60,051.07|(40,699.24)||-|-|100,750.31|
## **9.3 Transfers between funds**
**This Year**
||**Amount**|
|---|---|
||**£**|
|Between unrestricted and restricted funds|-|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
|**Last Year**||
||**Amount**|
||**£**|
|Between unrestricted and restricted funds|-|
|Between endowment and restricted funds|-|
|Between endowment and unrestricted funds|-|
Page 9 of 9
## **Independent Examiner's Report to the Charity Commission for The Community Hope Project (Charity Number: 1201420)**
## **For the year ended 31 March 2025**
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 2025.
## **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:
- To keep accounting records in accordance with section 130 of the Act; and
- To prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act,
have not been met; or
2. 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: 13/06/2025**