A Company Ltd by Guarantee No: 10768658 Rewstered Charity No: IZ04370 REPORT OF THE DIREcfoRS AND FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MAY 2024 FOR JO'S HOPE UMrrED (A PRIVATE COMPANY UMITED BY GUARAKfEE WITHoirr SHARE CAPITAL)
CONTEP4TS PAGE NO. COMPANY INFORMATION DIRECTORS. REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL AvrnEs BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 10-14
JO'S HOPE UMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MAY 2024 DIREcfoRS i ThusfEES: Healey J. Tomkin D. Tomkin REGisfERED OFFICE: 49 Barton Road Bletchley Mitton Keynes Buckingham5hire MK2 3HU REGISTERED CHARITY NUMBER . 1204370 INDEPENDEKf EXAMINER: Amoeba A550ciates Ltd Derwent House Broad Street Kinggwinford Wesr Midlands DY6 9LP
JO'S HOPE UMffED REPORT OF ThE DIREcroRs FOR THE PERIOD ENDED 31 MAY 2024 The directors, who atso trustees for the purposes of the Charity Act, present their annual report and independentty reviewed Financial Statements for the year ended 31" May 2024. STRucfuRI GOVERNANCE AND MANAGEMENT The Organation is constituted as a not-for-profrt Charitable or8•fiisatiOD regulated under UK Charity Law. and 15 therefore not subjert to Corporation Tax. Governing dCuMent. The Memorandum & Artth of Association of Jo's Hope Ltd was fonnally adopted on the 12 May 2017. The trustees all provide their servi$ free of charge. They have a wide rae of skilts and experience in management in the public, prIte and voluntary sectors. The trustees set the overall policy and directM)n of the organisation. Day to day management SponsIbl11ty is devolved to volunteers led by the founder. Ms Joanna Tomkin. OBJEcfs AND Acnvrry As set out in the M&A the objects of the organisatlon a. li) Provide support to low income. mid income, disabled, eiderty and those suffering from and efferted by illness: lill Provide canttr patnts with a non- medical form of rehabilitation. {iiil ProvJe dsadvantaged YOLrths with an accessible system to enhance access to music and the Arts: INI Provide low income. mid income. disabled. elderly and those suffering from and effected by illness, with an accessible advocacy servites. PUBUC BENEFrr l of the groups activities are aimed at supporting kxal people, in an aa of heh deprivation. No member of the Companyi including the Directors. receives any financial benefft from thesr involvement with the organisations. In developing aCt[tieS and delwering seThices. the Directors have tsken account of the guidance on publsc benefit published by the Charities Commission. ACHIEVEMENfs AND PERFORMANCE-June Z023 to May 2024 Jo's Hope continued to creare pr(yammes and athits in order to lorard the health and wellbing of the local community. We continue to develop activitie5 that engage. support and motivate our users and the public at large. Whilst there ¥vere challenges in trading during the year. compounded by site bak.InS & vehicle thefts, our volunteers continue to work with regular 5er¥Ke users & customer5 to recover income and continue to create aaiviiies and heahh & wellbriii8 )cnrices. S¢*me of the hishishts of the ar include-.
Maintenance of our Warehouse store. priNiding Food for All pr(8ramme to local resKlents. A continued increased number of regular clientele and famil5 are bein8 assisted during the year. and these from a broader spectrum of a8es. ethnicities and rort•codes. This increased exposure has caused some unwelcomed activity however. The warehoused suffered another break-in in the Summer 2023, which caused significant damage and loss of Stk, doors & windows. shefving and other displays. Delivery vehicles have also been targeted by thieves. in the interim ofthe Vear end ar sy off. Our Counsellin8 Support sermce, offered in partnership with Blue Room. has been offered to service users. ljo's Hope sponsors four se55ions.I Our Yoga and You prcwamme supp)rted by Milton Keynes University Hospitsl Cancer department continues to see ongoing engagement & direct ferra15 into the programme. Our Musical Theatre club continues to offer those aged between 9- 18 years the opportunity to experience new challen8es & learn new skills. Grdni sUPPOrt had been received from Natbonal Grid for our new initiatrrfe- Keepin8 Cozy. As servti which offers custom bras for wOmenWt have experienced a mastectomy. The staff ond committee members continue to work towards a sustainable organization where we are not only reliant on funding and grnnts. This will enable us to be able to meet needs of users and the lotal communbry. FINANCIAL REVIEW The charity receives a variety of grants and donations for spectfic purposes, which are treated as Restricted Funds. The charity receives add)nO1 funds f(Y non-specthc pur[$ through fundraising efforts, tryaether with notional subscriptions from users and retail item sales whith are treated as Unrestrirted Fund5. Overall, 2023124 presented a number of challenges with Security break-ins & thefts to the warehouse unit. These issues caused extensive damage and business interupiions. However, grant income & projert initiatives enabled a surplus of £16.532 to be achied for the year. In line with the recoMMendatnS of the Charity CommiSsrt. the directors haye adopted a policy on the holding of reserves. In YW of the increasing retail nature of organisatN)nal fundinL the Direttors are seeking to achÈeve reserves amount1 to six m(thS. running costs. For the year being reported this amounts to around £48.LKKI based on the current sepiKe pmfile. We will continue to work towards achieving increased reserves overthe comin8 years. The directors are eMFrt)Wed to invest monies of the Charity not immediatefy required forthe fvrtherance ot its objects in or upon such investwents. securities or property as may be thought fft, nevertheless subiert to such condTtion51rf any) and such consents (rf any) as may for the time being be imposed or required by law. STATEME1 OF DIREcfoRS' RESPONSIBiullES The directors a required under UK Company law to prepare financkal statementsfor each financial year. which give a true and fair view of the companWs financial artiVTties during the year and of its financial position at the end ol the year. In prepari% those financial statements. the direttors are required to= al selert suitable accounting poIleS and apply them conststently: bl make judsements and estimates that are Teas¢)nable and prude
cl state wherher applicable atcounting standards and statements of recommended Pract have been followed. subject to any departures disclosed and explained in the financial statements; dl prepare the financial statements on a going concern bass unless it is inappropriate to presume that the company will tontinue in operation. The directors are responsible for keeping accounting reconls. which dwlose with reasonable accuracy the financial posÉtion of the company and which enable them to ensure that the financial statements comply with applicable taw and gulatiOns. They are also responsible for safeguarding the assets of the company nd hence for taking reasonable steps for the prevention and detectKJn of fraud and other irregulartties. The directors have identifbed the major risks to whith the charkty are exposed and have put adoptea suitable mechanisms to manage those risk& This report has beeft prepared in accordance with the special provisions of the Cornpanies Act 2(MJ6 applicable to companies subject to the Small Companies regime. APPROVAL This report was approved by the director5 on _-24th ebruary 2025, and signed on their behalf- Ms. J. Tomkin I
REPORT OF THE114DEPENDENT ÉXAMINER TOThEIRUSTEES OF Jo's HOPE UMItED I rep)rt on the accounts ofthe Chariv forthe year ended 31st May 2024. which afe srf fAft on pa8es >6 and 8-14. As the (tharity trust$ you are rewrfjNi e for preparatn oFthe accounts: you cons>derthat ihe an audrc is t rewtred forthis year under 144121 oftheChar¥ties 2011 lthe Charitses andthat ao indeptrent examirotion is n¢d. It ts rny resfxjnsibli riyto". . examinethe unts UTM4er xctiLMI 145 ofthe Charibes£L • to tdlowthe procedures la¢d down in 8Ènernl direcr)ns given bythe OwfityCDMM6s• under Section 1451511bl dthe CharitALiand • to 5tstewhether part]knr matters hèw& cofflè myattent ofln My examffin VAscarried In acccdarKe with a¢1 direcrK>n5 Éwen lrythe tharity Commission. An examination iludeS a of the accountin8 rtt¢yds kept bythe Charity and a comparison of the accounts presented with those records. It also iKl¥desconsiderntth of any unusual siems or disd05yres in the accounts. and seekin8 explanatn$frorn the trustees corKernin8 any sh wtter5. The prLedures undertaken do not provide all the eviderKe that would be required in an audit. aNI ¢orsequwrtty l ewessan audit ontt on thewe gNen by tho accounik In (onntttion with myeaminatw)n, rK) Ma has cet0 my aiient)n: l. whKh 8Nes me reasonabk se10 bekneth?t in matWo1 rw£tthe reqUiremts • To keep &toumin8retords in accordarte secwi tso ofthe Charibes Act: aThJ • To prÈyre accountswhKh xcord with Kcourningrecofts aNI o)ftwtyryththe accL¥Jnbr requirements of the Owritie5 ki have not been met: or 2. tOWhb. In myopinth. atrpJrtw)n shwkl be drawn in orderto enable a prnper elanding ofthe accounts to be rch. Mr Mills, EMB Amoeba AsSat*S Ltd Dèrwent House 8rgad Street Kkn8swinford DY6 241OV2025
JO'5 HOPE UMtfED tortheyer •d3tst4I 2024 2023 Tot•i Fwts Futsjs INCOMING RESIXIR. Aiwts fc general1nds Istment14rnt 794 37 79A)?I 79m4 37 ?971 411 iO.L IQAU Grant IfKLn 411 ioAM)) li Qther Inc 18273 97.7S5 4.039 io,¢M) 73 91 81397 27.204 37.630 .481 81 8386 6434 T INC(lIF1GIIIxlT6(*mGj REYXJACES 439 17316 9WII 18) 13 4039 17916 9,011 33.456 33A56 24.444 47333 51372 33,456 Gimpanitskt
JO'S HOPE UMITED 8alarKe Sheet as at 3tst May 2024 At 31# May At 3tst May 2023 FED ASSEts Tangible 27542 CURRENT ASSEIS Qebtors & prepayments Cash ar bank and in hand io 30.774 30,774 19.6S6 19,656 Amounts fairing due within one r li 2.641 I4 CURRENT ASSETS 30.174 17.015 57.716 47,1 CjIEDoRS Amounts fallirva duè aftw more than or ye¥ 51.3n 33,456 FUNDS Restritted funds Llnrestrided funds Degignated fijnds 47333 49 33.4S6 TOTAL Fur& 513n 33,456 For the year endire 3151 May 2024 tThecLMnpa was entiued to exempticffi from audit under secthon 477 of the Companie5 Att 21 relatir4tO Small c(i)panlek rectorfs responsibiltiies: members have not required the companyto cotsin an autht of its accoufitsfor the year in question in actordano with section 476 of the Companies A¢t 21. The directors ackn¢Mled8e their tesponsibilities for corn1 with the requifements of the Companie5 Act with respecr to accounting rewds and the prepafation of ac¢ounts. These accounts havè been prepared in a¢cordarKe wrth the (ffo¥isions applioble to companies subject to the small compafiies regime. The accourts were awed -24th February 2025_ J. Tomknn IC
JO'S HOPE UMITED Notes to the Finan(ial statements lor the y&Y ended 315t m2024 l AccouKllNG POLKIES The finanoal ststemènts been prepared underthe hIst(al con cmventign and in accordance with the Financial reporti6 stsndartl for Smaller Entities (effective April 21, the Companies Act 2006 and thè requirements ofthe Statement of Recommended Practiie. AcCntingnd Reportir by ChaTitie5. Anala1 RepxtirvJ Stxthrd Ilumber I Exemption has been taken from weparing a c3sMkn¥ statement on the8rndSthat the company qualffies as a small compa¢)y. Tan8iblè fixed assets Depreciation is proyided at tre fol1vi anrnal rates in orderto write off each asset over its estimated useful lifè: Offio Equipment Motor Vehides F&F. Plant & Machinery - 33% pw annum the fixed instalment basls - IA per annum the Straight ne method . 5% per •nNm the StTabght Lir method All incoming resources are induded on the Statement of Finanoal Athibes when the charity legally entitled to the income and the am<yJnt can be quantified reasonable accuracy. Restrirted incoming reswrces in respect of capital expenditure are carrhed fmvard as deferred capital grar and released tothe fund acCtt0 matth the depreciati charRe5. Expenditure is accounted for an acuua15 t15 artd has been dassified under heading5 that aggregate all the costs related tothe Categ(. Where costs cannot be directly attributable to particular headin&s they have been allocated to artie5 on a basis consistent with the use of re50ur¢es. Twtlon The tharity bs exempt fr(Nn tpori tsx on its tharitsble activitie5 Fund Accountin Unrestrhcted Funds can be used in ac(darfe ith charital)le objLxtives at the discretion of the ttustee RestrScted fvr5ds can only be used for the particular restricted purpK6es within the objetts of the tharity. RestriCticS arise when specified lrythe donor ry when the fvnds are raised f¢x a particular restrirted purpose. Further explanation of the naturè and purpcse of eath fvnd is induded in thè notes tothe financial ststements.
JO'S HOPE UMTfED Notes to the Hnandal statem for the year ended 3tst May 2024 Note 2 Ac¥¥lUesfor 8eMratiwfunts Xi24 2023 DOnatIS Fundfaising P£ti¥itres Acttwty Sales & Subsuiptior 77.549 62,846 sub5crsptj7s are recehved frryn stsryice users in 202>24 Totsl 2023 furm funds Totsl 20Z4 37 37 Interert receNabie Total 2023 funts fun(ts Total 2024 National Grld Costco Award 411 411 lo, 10.411 2024 2023 VAT Redabmed Insurance dalms 18373 4.039 22,312 9,(KlO li
JO'S HOPE UMITED Note5 to the financial statements for the year ended 315t May 2024 6 Total Tes¢urry5 exwded Total 2023 Costs of generating fun¢Js= Costs $08 40571 40571 Charitable expenditu. 40826 40*26 26,697 8.142 4338 12A81 37,630 8.142 45,165 53307 64,327 8J42 85.735 93A78 64,834 7 Trusie Durlng the year no remuneration for seN1$ as a dirertorltrustee arKI no expenses were paid or were payable. duirectly or indirertty, out of funds of the charity to any trustee or to any person or persons known to be connrfted wtth them. 8 Employees 2024 Number 2023 Number The averd8e monthly number of employees during the year was '. ActN5ties in furthetsnce of organigation's objects Management & Administration Ernployment costs Wages and salaries Social security tosts Pension costs There We no employees whose aftnual emoluments wefe £60.IKKI or nre
JO'S HOPE UMITED Notes to the FinaKial ststements tor the year ended 3tst May 2024 Note 9 TANGIBLE FIXED ASSErs Funds Funds Total At 31 May 2013 Additn$ Disposals As at 31 May 2024 35.684 35,684 35.684 35,684 L)weriation At 31 May 2023 Charge forthe period Disposals Asat 31 May 2024 8,142 8.142 8.142 8,142 Net Book Value At 31st May 2024 27.542 27,542 At 31st May 2023 35.684 At 3tst May 2024 At 31st May 2023 Trade Oebtor5 Shon Temi Loans Prepayments and accrued income Total Debtors li Cre<kn: amounts fr4llin8 due within one year 2024 2023 Deferred Intome & Credktors Short term Loans Tax and social seojrity Accrued expenses 2.641 2,641 12 Creditors . arnOts f•lllr¥ the after one ye 2024 2023 Barthys Bounce-8ack Loan 6,344 6,344 13.544 13,544
Jo's HOPE LIMrrED Notes to the FlnanclaF stètèments for theyear ended 31st 2024 Note 13 Restrkted fiY4ds The income funds ofthe tharity iTKJude restrirted funds COlsing the fonowin8 une(pended balar Df donations ant1 grants hekl in trust for specrfic wrFXISÈS: National Grid Othèr lo, 9,992 181 10.wi ioj 91 Transfers may be made in tuatIonswhere eypendÉbJ has exceeded wadai4egrant in¢ctheor where thwe has been a small balan of grant remainibw afterthe project completm. 14 Desw Funds No fvnds have set aside txrt of unrestricted funds by thè trusteesfor specific purpK6e5. IS Comfflltm•7ts under Operati leases At 31 May 2024 the compaw had one cOmmrthnt under a norF¢ancellable opeTatin8 lÈase for the Unit 49 Barton Road warehouse premi5e5. The remainir% oblqations are for 2 years 2 M£th5 at a cost of £46.8CQ VAT). The directors have Corsider the W of reserve5 they wish to rela1 apprwiateto the charttys needs. This is based on the chartW5 Size and the levd of finanaal ci)rnmitments held. The directo aim to enyjre the tharity will be at4e to CCrt)tinue to fulfil its tharitsble obiectsves even if there is a temporary shcthll in in&irre or unexpected expendiDJre. The dirertors will endeivour Mt to Set aside funds unnecessarity. 14