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2021-03-31-accounts

inHope (Bristol) Limited

FINANCIAL STATEMENTS

31 MARCH 2021

Company Registration Number 02214814 Charity Number 298528

inHope (Bristol) Limited

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Contents Pages
Chair of Trustees’ Report 1
Trustees’ Annual Report 2 – 14
Reference & Administrative Information 15-16
Independent Auditor’s Report 17 - 20
Statement of Financial Activities 21
(including Income and Expenditure account)
Balance Sheet 22
Cash Flow Statement 23
Notes to the Financial Statements 24- 33

inHope (Bristol) Limited

CHAIR OF TRUSTEES’ REPORT

YEAR ENDED 31 MARCH 2021

This has been a year that has been unlike any other in living memory. In my contribution to last year’s Annual report, I noted the following:

On 23rd March [2020], just a week before the end of the period covered by this report the UK entered ‘lockdown’ in response to the Covid-19 pandemic. Life since then has been incredibly challenging and this has had a significant impact on all of us to one extent or another. The team at inHope has continued to serve the charity – and the city – in amazing ways, and I wish to express my personal gratitude for their commitment and faithfulness.

As I write my contribution for this year’s report it is now not far short of 18 months since that first lockdown was introduced, and we are now reporting on a full year of life at inHope within the context of Covid-19. It has been an extraordinary year, with many challenges for the staff team and volunteers supporting the charity. inHope is one of many charities and community organisations that have continued to operate over this period to support people in need across the Bristol region. For many the need has been very significant indeed – financially, relationally and emotionally, alongside the obvious health impact that has resulted in so many lives lost or impacted in profound ways.

In the context of all these difficulties it has nevertheless been heart-warming and hugely encouraging to see all sectors of the city coming together in partnership and collaboration to serve and support those in need – and the team at inHope has been a key part of this response. Simply saying ‘thank you’ doesn’t really seem to be enough to express the heart-felt gratitude that I, and others, feel towards all those who have served so tirelessly and unselfishly over the past 12 months. It has been extraordinary to see.

As a Christian charity we hold dear the truths that we read of in the Bible. In referring to the amazing level of partnership and collaboration that has been evident over the past year, the word that we often use in the Christian context is ‘unity’. Psalm 133, written by David, reminds us of the benefits on unity, and goes on to make the clear connection with it being the source of blessing. I strongly believe that the Bristol region will benefit hugely – be ‘blessed’ – as we all seek to work together more intentionally and effectively. The last 18 months of the pandemic is testament to that, and the Christian community – including Christian charities such as inHope, and others – has made a huge contribution, working alongside those of other faiths and none.

In addition to expressing my gratitude to the staff team and volunteers I’d also like to thank my fellow trustees for all they have given to governing the charity over the past year, which includes three new trustees who have joined the Board over the last year. And lastly, I’d like to thank all those organisations, churches and people who have supported us financially.

Blessings

Andrew Street

Chair of Trustees

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Objectives and Activities

The hardships resulting from the Covid-19 global pandemic and subsequent lockdowns have exacerbated the difficulties of anyone already in any sort of need. Those lacking food, shelter or human contact have been even more significantly affected by world events that have substantially changed everyone’s lives. For inHope, the increased need in the community, together with a year of disruption from a significant refurbishment project at Carpenter House, alongside the changes demanded to our normal modes of operation have presented an enormous challenge.

The Trustees would like to place on record their gratitude to the staff who have shown immense courage, patience, adaptability and such a positive spirit in coping with what has surely been the most demanding year of their working lives. Yet without complaint and with a smile, they have continued to serve ‘those who need us most’ in a way that has inspired. Behind the plastic shields, the masks, and the social distancing a deeper comradeship has developed by facing outwards and looking to the needs of the service users that rely on the services provided by the charity.

Changes of arrangements, emergency measures, the completion of the work on Carpenter House, and the continuing planning on projects in the Development Plan have meant more frequent meetings and a heavier workload for Trustees, too. inHope has seen significant enlarging of its Foodbank work, participation in the Trussell Trust’s Pathfinder Project, aiming to eliminate the need for Foodbanks in the future, and the development of a strategic housing initiative, “Homes not Houses”, in association with national charity Hope into Action, Bristol Housing Festival and Bristol and Bath Regional Capital.

inHope’s objects are the advancement of the Christian religion and the prevention or relief of poverty and sickness of individuals in need. It is our long-term aim to provide those who are hungry, homeless or in distress with food, support services to facilitate well-being, means of self-management and accommodation. We understand that for specialist help we may have to refer to other organisations. We aim to offer opportunities for exploration of the Christian faith, for prayer, worship, study and fellowship, and consideration of how faith can play a significant part in recovery, though taking part in these is neither a requirement, nor a qualification to benefit from other services. Throughout the year the Board has consciously worked towards the aim of helping people out of their poverty rather than just helping them in it.

We have sought to react to the Coronavirus situation in such a way as to maximise our impact and play our part, along with other organisations including the local Council, in attempting to ensure good provision for those who have needed it. Specifically, we have worked towards our aims in the following ways:

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Raw headline numbers will look rather different this year, with limitations imposed by the restrictions. During the lockdown homeless people were housed in hotels in Bristol and fed there, thus numerically reducing the demand on the Wild Goose, while we have been unable to provide emergency accommodation at the Spring of Hope women’s night shelter. The Life Recovery team has been able to run courses online, but necessarily with smaller numbers. In contrast, the work of the Foodbank has more than doubled, with home deliveries being made by an enlarged team of volunteers, to whom we are very grateful.

The Charity Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Achievements and Performance

It is significant that in our first full year of operation under our new name of “inHope”, aiming to support those who need us most out of their poverty and into a more stable lifestyle, a global pandemic has rendered the attainment of a stable lifestyle far more difficult for everyone. The City of Bristol has seen significant increases in the number of children on free school meals, those across all age groups reporting issues with mental health and self-harm, many suffering loneliness and isolation, and with the lapsing of the protection from eviction, such problems will be exacerbated by growing numbers of those without homes or in inadequate accommodation. Restrictions on socialising and travel have made it all the more difficult to provide muchneeded relief. The resulting stress on inHope’s staff and volunteers has been hard for everyone, and we have suffered illness and bereavement of family members. Yet the provision of food and other support has continued, even grown in the case of the Foodbanks, and the Board has pressed on in our commitment to the Development Plan as approved three years ago and revised from time to time.

In the year 20/21 the Wild Goose provided 12,871 meals served through the ‘pop-up’ takeaway service. This averaged at 257 meals in each of the 50 weeks of operation, and included breakfast, which re-commenced in December 2020. 535 counts of practical help were given, including provision of sleeping bags, food bags, clothing and toiletries. There were also 250 sessions of personal support, taking many forms such as listening support, telephone and computer use, prayer, support around financial issues, and referrals to other agencies including drug advice services and housing advocacy. With the refurbishment of Carpenter House taking place, the service initially operated from the next-door premises of Stapleton Road Chapel, and we are grateful for the continued co-operation and support from the church and its elders in allowing this use until the autumn, when we were able to move back into Carpenter House on the near completion of the refurbishment project. The new Wild Goose has improved kitchen facilities and better storage spaces which will enable smoother operation and a better working environment for staff and volunteer teams. Areas in which service users will be able to sit, eat, chat, or talk with team members have also been enhanced with the possibility of more private discussion and confidentiality. Showers and washing facilities have been used on an appointments basis and their use has grown recently, as allowed by Government restrictions. The new facilities include a wet room on the same level as the Wild Goose drop-in, and when we are eventually able to open the building, this will allow increased use as well as a very welcoming space. The placement of these facilities will also remove the necessity for service users to enter the office environment while showering or washing clothes.

Along with the re-decoration of offices and the modernisation of the entrances the refurbishment has brought substantial improvement to the working environment and to the facilities offered to our clients and the Trustees are grateful that the “Spruce the Goose” campaign realised the finances to cover this much-needed project. Our thanks to the many individuals and organisations who contributed. It is not lost on most observers that during the time when we were not able to use our premises because of the refurbishment works, we could not

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have used them anyway because of the pandemic. We do, however, look forward to the time when we can fully welcome service users into the new facilities.

Food relief in the City of Bristol during the pandemic took place on a huge scale and our foodbank outlets certainly played their part. During 2020/21 food was provided to 13,964 individuals, more than doubling the previous year’s total; 5,362 of these were children. Once more individuals and families have benefitted from the “More than Food” programme as well as help with the cost of energy. Users of the foodbank outlets have also been able to access help from our Support Workers and two Citizens Advice workers who spend their entire working weeks in our foodbanks. The East Bristol Foodbank has become the South and East Bristol Foodbank with the incorporation of three previously independently run foodbanks in South Bristol. There are now six outlets, St Mark’s in East Bristol, Fishponds, Kingswood, BS3 (Southville and Bedminster), Counterslip in the Hengrove area, and a delivery only service run by Severn Vineyard in the BS4 area. All six now operate under the watchful eye and essential support of the Trussell Trust, and additional staff have been appointed for their operation. The Trussell Trust has recently launched their national Pathfinder Programme, a project with the ambitious aim of ending the need for emergency food services in the UK over the next few years. The South and East Bristol Foodbank has accepted an invitation to become a partner in this programme and work is underway to formulate a plan as to how we can move towards this in our area.

The Life Recovery Team has run three Life Courses during the year, involving a total of 35 people through working mostly online. Lack of face-to-face contact in this work is a considerable handicap, but 79% of participants who provided feedback rated the course as ‘excellent’, while 68% felt they could implement ‘better self-care’ as a consequence of taking the course, and 59% confirmed that the course had a positive impact on their mental health. Meanwhile plans are progressing toward the publication of the course and two other Life courses were run by other organisations.

The project in which the impact of the pandemic has been most keenly felt is the Spring of Hope, our women’s night shelter. Lockdown regulations and Public Health guidance have prevented its operation in its normal format since their first introduction. Despite the lack of shelter provision, Spring of Hope staff have been able to provide 493 sessions of personal support, including listening support, telephone & computer use, prayer, financial support, help in house moves and visiting clients, and 36 counts of practical help including the provision of sleeping bags, clothing and toiletries. Much has been discussed concerning how soon and in what way the night shelter can resume, but the present building houses four dormitories of three beds, and such arrangements are neither permitted now, nor likely to be allowed in the foreseeable future under Covid restrictions. A working party drawn from the Senior Management Team and the Board continues to work towards a practicable solution.

Bristol City Council has worked very hard to reduce rough sleeping and by June 2020 just 35 people were found sleeping rough in the city, down by more than a half from previous figures. With the Government advice that communal night shelters were not allowed because of the risk of infection, the Bristol Churches Winter Night Shelter, with governance and oversight provided by inHope, block-booked seven en-suite rooms and a communal team room in a centrally located bed and breakfast, thus providing 24-hour Covid-secure accommodation over the winter months for those who would otherwise sleep rough. Funding was granted through Homeless Link/MHCLG to cover the additional costs of booking the B&B. In total 82 volunteers from 25 different churches took part. Their involvement enabled guests to benefit from a befriending scheme, toiletries, laundry service, three meals a day and a welcome box. An occupation rate of 83% was achieved over the three months. The 17 guests who used the service were able to choose when they wanted to interact with volunteers rather than feeling pressurised to do so every night. Several of them reported the positive difference the shelter had made to their lives, some simply feeling healthier because of the chance to sleep

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properly. Three moved into more secure housing, three others reconnected to their country of origin and four joined the befriending scheme. With restrictions still in place, BCWNS plans to operate in a similar way during the coming winter. The Bristol Churches Winter Night Shelter was the only non-commissioned shelter in the city last winter, in contrast to previous years.

In a new initiative and in accordance with the charity’s Development Plan content on housing, inHope has launched “Homes Not Houses”. With the support of interested churches in the Bristol area, the plan is to provide a link in the chain from homelessness to independent living by setting up homes for small groups of individuals who are ready to take that step, while providing friendship and support over a period of around two years while clients prepare for employment and more independent living. A consultant has been engaged to lead the initiative and informal partnerships with churches and other organisations are being established. Meanwhile consideration is being given by the Board to adopting a franchise from national charity Hope into Action for the Bristol area. So far, two local churches have investors and/or a befriending team are ready to engage.

Roles of Volunteers

inHope has recognised the importance of volunteers to our work with the appointment of a full-time Volunteer Manager, whose task is to co-ordinate and standardise the work of all volunteers throughout the organisation. This includes achieving the Investors in Volunteers accreditation and our initial self-assessment has been completed. The manager will also represent the interests of volunteers at Senior Management level and will seek ways to enhance the provision of training for our volunteers.

Extensive work has been carried out organising the volunteer database to ascertain which volunteers are currently volunteering, wanting to come back in future, or have left. This was to ensure a strong foundation in how we communicate with volunteers and to ensure stability in knowing both who is actively involved in each team and how we are supporting them. Many volunteers on the database had not opted in to receiving communications. From this review, it has been established that inHope has 363 volunteers who are either active or hoping to return.

Wild Goose

During the refurbishment, the Wild Goose ran a pop-up lunch service from Stapleton Road Chapel, which is adjacent to Carpenter House, four days a week. Two volunteers served from 8:00am with preparing food. Four more arrived at 11:00am to serve the food.

Equivalent of 2,304 hours per year.

In November, the refurbishment was completed, and the team moved back into Carpenter House. Two volunteers served 8am to 11am and three from 11am to 2pm, four days a week and continue to do so. Equivalent of 960 hours per year.

Total 3,264 hours

South and East Bristol Foodbank

There are six food bank outlets, each with approx. 10 volunteers a week giving three hours of time. The warehouse has approx. six volunteers, each two hours a week. Foodbank driver hours equate to approx. 12 hours total a week. Ten supermarket collections happen six times a year and take approximately two hours of volunteering hours each.

Total 9,912 hours.

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Spring of Hope

Since March 2020, the Spring of Hope has been closed, and therefore volunteering hours ceased. Volunteers have engaged with prayer meetings and a Spring of Hope consultation, but these are not included in volunteering hours. A volunteer has supported staff with sorting belongings in Spring of Hope, for approximately ten hours.

Total 10 hours.

Life Recovery

Three volunteers have volunteered at different times during the year assisting with facilitating the Life course and hospitality.

Total 144 hours

Other Volunteering

Volunteers were recruited in 2020 with the following skills and have contributed in ways such as illustrating the front cover of Streetwise magazine and taking photos to update the inHope website.

Refurbishment Project Manager: 360 hours

Maintenance: 90 hours

Illustration: 24 hours

Photography: 16 hours

Videography: 80 hours

General: 16 hours

Total 586 hours.

Trustees

Formal and informal meetings of the Board, administration, meetings with staff, work on policies.

Total 650 hours.

Total inHope volunteer hours between April 2020 and March 2021: Approx. 1456

Investors in Volunteers (IiV)

An IiV group comprising of a cross section of inHope volunteers and staff have been meeting regularly since February 2021. A self-assessment was completed outlining what is working well and what needs improvement in relation to IiV standards. This self-assessment received excellent feedback from the IiV assessor. The group made a plan that has been approved by the assessor with the aim for final assessment in March 2022.

In-line with IiV, a volunteer consultation survey was sent out to all volunteers at the start of June 2021 as part of celebrating Volunteers’ Week. Volunteers were given a month to complete the survey and have their say on what they enjoy about volunteering and suggestions for change. 49 volunteers responded. The IiV group will meet to review this consultation to see if the IiV plan needs adapting.

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Training

Staff have been trained on how to use the re-organised volunteer database. Online First-Aid training with the British Red Cross has been booked in for volunteers for four dates in the near future. Staff and volunteers at the Foodbanks have the benefit of Trussell Trust training, such as vicarious trauma training that was presented to foodbank outlet volunteer managers this year. Other specific training such as this will be planned for all services.

Part of the Volunteer Manager’s role is to act as Deputy Safeguarding Officer. All staff were given time in June 2021 to complete a basic online safeguarding course. Further training will be provided for those roles that require it.

Recruitment and induction processes are being reviewed alongside IiV and policy updates to ensure all volunteers receive information such as inHope’s background, values and ethos, safeguarding, health and safety, boundaries, and volunteer well-being.

Public Benefit

During such a period of heightened awareness of issues regarding food poverty, mental health and social contact, the public benefit of the work of inHope has been self-evident. Free provision of healthy food reduces the need for begging on the streets and helps service users avoid frequent medical interventions. The support given in several areas of our work enables service users to access other help designed for them, and to integrate better into systems they may find intimidating. The various aspects of inHope’s work reduce the strain put on over-stretched public services coming from instability of lifestyle. The response in terms of goodwill and financial support from the public and from grant providers has shown how much the work of the charity is valued by the community at large. Plans for the development of the charity and for the introduction of complete recovery pathways will not only help clients to achieve an independent lifestyle and increased wellbeing, but also provide workers to take part in an economic recovery.

Future Plans

The charity is not alone in considering a very different future under ‘the new normal’. Old ways of working are being questioned and new opportunities opening up as society starts to press the reset button. Whilst in one area of our work, the Foodbank, we are taking part in a programme aimed at in effect making ourselves redundant by ridding the country of the need for emergency food provision, the Spring of Hope has been hit by the international emergency that has had a major impact on our current way of working. We are not alone in thinking that little of the old order will remain in place going forward.

inHope’s future planning centres around the application of our aim to provide complete pathways out of poverty rather than emergency help that does little towards this end. We have observed the progression of the Bristol Churches Winter Night Shelter into a project that is known, understood, and financially supported into selfsufficiency and have considered this as an example of how initiatives can develop under the governance and oversight of inHope. Homes not Houses may become another such organisation or more formally a part of inHope’s work. The establishment of a Christian rehabilitation centre in Bristol is also still on our longer-term agenda.

In the more immediate future, we are more than ready to allow service users into the Wild Goose drop-in as soon as Covid-19 restrictions allow and we have sufficient volunteers, and we are really looking forward to the time when we can offer use of the enhanced facilities there. The South and East Bristol Foodbank will continue to serve an increased number of clients while furthering participation in the Pathfinder Programme and

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developing the work across five outlets and delivery centre. The Life Recovery team hope to run another training programme in the autumn, to enable more groups and organisations to run the Life Course. Planning also continues so that the Spring of Hope can once again find a way of operating under the existing restrictions.

Financial Review

Policies on reserves and investments

The free reserves of the charity (the unrestricted funds of the charity less any funds designated, committed, or represented by tangible fixed assets used by the charity) are intended to be maintained at a minimum of two months of operational expenditure based on the approved budget for each financial year, excluding gifts in kind. As at 31 March 2021, this free reserve target equates to £168,000.

The charity maintains free reserves to:

At the year-end, free reserves stood at £167,936 (General funds of £231,655 less tangible fixed assets within general funds of £63,719) equating to two months’ budgeted expenditure, an increase in the reserves of £48,140. Given that the actual reserves at the year-end are now at the target level, the Trustees will continue to aspire to meet this target by monitoring income by source and investing in building good relationships with key supporters; diversifying grant applications to secure additional income; good budgetary control of expenditure and will review of reserves policy to ensure it is realistic and relevant.

The Board is satisfied that the Charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. The amounts owed to creditors includes a long-term loan which is being repaid at a sustainable level out of regular income.

The level of Restricted Funds of £309,299 represents the balance of funds remaining where donors have imposed specific restrictions on their use.

Restricted funds are spent as soon as possible in line with the donor's wishes. Should this not prove practicable, we seek the donor’s preference regarding the alternative use of funds, retention for future projects or the return of such funds.

The Trustees have wide powers of investment. Surplus short-term funds are retained in our general account, and we have a separate deposit account for reserve funds.

Fundraising

During 20/21 inHope employed a Fundraising and Communications team with three staff members (2.6 FTE). Their focus has been on securing income through donations from individuals, churches, businesses, and grant-making trusts, as well as through events. Our fundraising approach is integrally linked to our wider communications strategy aiming to bring our supporters closer to the people we serve, so that they are inspired to act and support our work.

inHope does not exploit the credulity, lack of knowledge, apparent need for care and support or vulnerable circumstance of any donor at any point in time. The charity does not contact individuals directly to ask for

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donations and does not engage in street or telephone-based fundraising. inHope has an online giving page on its website and utilises reputable platforms such as JustGiving and Blackbaud to support donations. Thankyou letters are sent where possible in response to donations, and an annual statement is provided for regular donors ensuring that donors have an accurate record of their donations.

We do not use any third parties to fundraise on our behalf, and issue guidance to any volunteers who fundraise on our behalf, about how to do this in a manner compliant with the Fundraising Regulator. inHope has not received any complaints regarding fundraising and contact details for the organisation are clearly available through the Charity’s website.

inHope is committed to ensuring the highest standards of public accountability in all areas, including its fundraising. It has an action plan to enable it to demonstrate compliance with the Fundraising Regulator and will register at the earliest opportunity.

We wish to say thank you to all supporters who have made donations of time and energy to support the work of inHope, including those who have left legacies for our benefit. We are also grateful to our supporters and to grant-making organisations who have generously provided for in Hope’s work to take place this year. We appreciate response from individuals, organisations, and grant-making bodies to our appeals for funding during the pandemic. Significantly, grant funding was received to assist with our resilience, stabilisation, and recovery for the general funds of inHope, thereby ensuring the reserves to remain close to the level to which we aspire. We are conscious that such special appeals might have had a harmful effect on our general fundraising but that does not seem to have been the case. Other issues have had more impact, especially the expansion and perceived need of the client group during the Covid-19 pandemic.

We pay tribute to the hard work of our Fundraising and Communications team and to their imaginative and efficient efforts to keep our supporters well-informed of the progress of the work. We also express our gratitude to event organisers who have raised money on our behalf over the year.

Transactions and financial position

The Trustees consider the financial performance of the Charity during the year to have been remarkably very good, for which we are very thankful.

Total income was £1,436,602 in the year compared to £1,177,661 in the prior year. The increase was mainly due to the extraordinary response to appeals and grant applications to fund our response to the pandemic, especially for our foodbanks. Regular giving also increased by 16% and we’ve been able to use a wide variety of online giving platforms to boost donations.

Total expenditure was £1,260,831 in the year compared to £1,052,840 in the prior year. This increase was largely due to the more than doubling of Foodbank activity combined with the need to purchase food (using financial donations for the purpose) rather than relying of donations of food. There were reduced direct costs for the Wild Goose and the Spring of Hope reflecting reduced activity due to Coronavirus restrictions. Our support costs increased by 4%, mainly due to additional investment in supporting our volunteers (recruitment of a full-time Volunteer Manager and beginning the process of seeking accreditation with Investors in Volunteers). The Board was able to increase staffing and grant a pay rise slightly more than the RPI.

The financial statements are set out on pages 21 to 33. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales.

The Statement of Financial Activities (SOFA) shows net income for the year of a revenue nature.

The total at the foot of the Balance Sheet shows the total reserves at the year-end.

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TRUSTEES’ ANNUAL REPORT

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We have given due consideration to the going concern status of the charity, looking at free reserves, budgets, income and cashflow forecasts and consider it to be appropriate to continue to adopt the going concern basis of accounting.

Specific changes in fixed assets

Changes in fixed assets are shown in detail in the notes to the financial statements.

The main assets are the two freehold properties: the first in City Road, most of which has been converted into accommodation (and leased to the Bristol Hope Project whose aims and objects align with those of our own); and Carpenter House. Carpenter House provides the premises from which the Charity operates The Wild Goose and is also the registered office for the company. The refurbishment of Carpenter House, which began on March 23rd, 2020 and was completed in November 2020, has increased its value, as well as significantly upgrading its facilities for use as office space and for hosting The Wild Goose. As part of the refurbishment, a new (generously donated) CCTV system was installed which gives much better coverage of the building to safeguard clients, volunteers, and staff.

The Charity also has use of a building on West Street in Old Market. This provides accommodation for Spring of Hope. The Charity leases this building under an agreement lasting until 2025. A process of surrender and signature to a new lease, at no detriment to the terms of our tenancy, remained ongoing during the financial year.

Structure, Governance and Management

Governing document

The Charity is constituted as a private company limited by guarantee and therefore has no share capital. It is governed by a Memorandum and Articles of Association which was substantially updated with new objects and the new name of inHope (Bristol) Ltd. There are no restrictions in the governing document on the operation of the Charity or on its investment powers, other than those imposed by general charity law.

Every Member undertakes to contribute an amount not exceeding £10 to the assets of the company in the event of the winding up of the company.

The company members elect Trustees who have the power and responsibility to run the company in accordance with Charity and Company Law and good practice.

Recruitment and appointment of new Trustees

We approach individuals, churches, and other organisations with which we are in contact, as part of our strategy for identifying suitable new Trustees.

Trustees are elected at the AGM or co-opted on a provisional basis by the Board of Trustees until the next AGM at which a vote can take place. When someone who has not been elected at the AGM comes forward as a potential new Trustee, they are invited to informal meeting with the Chair, CEO and Company Secretary, given adequate opportunity to learn as much as possible about the Charity and its working and are encouraged to volunteer in one of the project areas. If it seems that they will be able to contribute to the work, they are invited to observe two Trustee meetings, after which they are interviewed by two of the existing Trustees before a final recommendation is made on becoming a Trustee. Prior to election to the Board, potential Trustees must declare eligibility and before serving, they must declare any conflicts of interest which may in any way influence them to vote other than in the best interests of the Charity. New Trustees are invited to tour the charity’s premises and are given an induction pack by the Company Secretary.

With recent retirements the Board had been lacking in diversity and we have been happy to remedy that to

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some extent by the recruitment of three new members of the Board, who we feel will contribute much towards the future direction of the charity.

All Trustees give their time voluntarily and receive no benefits from the Charity.

There must be at least six Trustees and not more than ten. Each Trustee may serve for a term of five years and may be re-elected to serve another term of five years at the Annual General Meeting. A Trustee who has served for two consecutive terms in office is eligible for re-election for a third term of five years only if the Board considers it would be in the best interests of the charity and has recommended such re-election to the members. Currently the Chair is in his third term with inHope and this is due to end in October 2023.

The organisational structure of the Charity and how decisions are made

In the early months of the pandemic, as new situations arose and restrictions were changing the way the charity could work and quick decisions were being demanded, the Board met as often as twice a week via Zoom at lunch times, and on one occasion for a half-day to consider future plans. These unminuted, informal meetings also gave opportunity to discuss new ways of working and how they would continue after the return to a more open way of life was allowed. It was understood that work commitments might prevent attendance, and no minimum number of Trustees was demanded for these meetings, but rarely did absentee numbers rise above one or two. Formal Board meetings, held virtually, continued at least once every two months as a full Board.

The Senior Management Team (SMT), led by the CEO, comprises of the Managers of the four project areas, the Development and Relations Manager, the Volunteer Manager (since appointment) and the Finance and Operations Manager. The administration of the charity’s activities is overseen and led by this team. Proposals and significant decisions are brought to the Board, by the CEO, for discussion and decision.

The agenda for Board meetings is set by the Chair, the Company Secretary, and the CEO. The Board agenda, previous minutes, reports, and discussion papers are circulated to Trustees no less than 7 days in advance of the meeting, as far as reasonably practicable. The Trustees retain the following standing items on Board agenda: conflicts of interest, review of risks, and Health and Safety. Any Safeguarding concerns are introduced in the CEO’s report or discussed as a main item. Under a regime of annual policy review key policies e.g. Safeguarding, Data Protection, Health and Safety, Financial Practices, are annually approved by the Trustees.

All proposals/decisions at any Board meeting are determined by simple majority votes cast by Trustees present, with each Trustee having one vote. In the event of an equality of votes, the Chair may exercise a second vote as a casting vote. As a Christian charity we recognise our dependence on God’s provision and our decisions are made prayerfully as stewards of the resources which are generously given to us.

Salary bands covering all staff, and the salary of the CEO, are set by the Board each year, considering inflation, the recent pattern of our pay awards and the financial position of the Charity. Recruitment is managed by the CEO, with Trustee input during the selection process and interviews for new or senior posts. Any appointments adding to the overall staff numbers are also made only after permission from the Board. On occasion, a post may be enhanced, and this too is subject to Board approval. Consideration is given to inflation and the need to attract and retain good quality staff.

Members

At the time of writing inHope has 113 members. Regular contact is made with all members of the Charity and with other supporters, who receive our newsletter, “Streetwise” and frequent email communications, updating information about the work of the Charity, and more recently, the progress of the building works at Carpenter

11

inHope (Bristol) Limited

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

House. Our communications database is operated in ways that are GDPR compliant with mailing lists requiring ‘opt-in’. Improved communication with the charity’s members has been achieved by the establishment of a Supporter Forum, a quarterly online event organised by the Fundraising and Communications Team.

Membership of a wider network

We belong to several networks, including the Evangelical Alliance, VOSCUR, the Bristol Homeless Forum, Homeless Link, Care Forum, Housing Justice, ACTS (Ashley Churches Together Serving), National Council for Voluntary Organisations (NCVO) and Trussell Trust. We are also a member of the George Müller Charitable Trust Partnership Scheme.

The CEO and senior managers connect with various other networks to raise awareness about the needs of, and services available to, our client groups. These are also opportunities to increase our own awareness and be able to respond to the changes in services available through other organisations and statutory bodies.

Relationships with other groups, charities, and individuals

The Charity partners with over 100 local churches who provide volunteer teams, or from where individual volunteers come. Over 350 people volunteered to work with us last year to help deliver the services of the charity. The charity takes a lead role in both promoting and helping to coordinate homelessness work across the city through Christian Action Bristol.

Our usual promotion of volunteering opportunities to corporates through which their staff give time through Corporate Social Responsibility (CSR) schemes has been curtailed due to the pandemic.

We work alongside many other groups from the voluntary, community and statutory sector with the shared aim of reducing and ending homelessness and food poverty. Some of the most significant being the Salvation Army, Julian Trust, Caring In Bristol, Beloved, Unseen, the Bristol Methodist Centre, the Bristol Soup Run Trust, numerous churches, community groups based in and around Stokes Croft and Easton, different departments of Bristol City Council, the Neighbourhood Management Group and the NHS.

During the year the charity has continued in its partnership with Bristol City Council officers, particularly in the matter of shelter and housing for the homeless.

The major risks to which the Charity is exposed and reviews and systems to mitigate risks

The Board identifies the major risks to which the Charity is exposed and is satisfied that systems are in place to mitigate the impact of such risks occurring.

We consider our major risks to be:

  1. The Coronavirus Pandemic

At the time of writing, restrictions are still in place that prevent the full operation of the Spring of Hope, the Wild Goose and the Life Recovery services. Meanwhile the Delta and Delta Plus variants of Covid-19 are causing infections and hospitalisations to rise in the UK, and other countries struggle even more. In the race between vaccination and infection the future is very uncertain, and there is more than a remote possibility of another lockdown in the coming months. If this were to happen it would make life very difficult for many sectors, not least for charities. Demand for our services would no doubt increase, conditions would make it hard to operate and morale of service users would plummet. Such a risk is well beyond our control, and at inHope we can only play our part in keeping within the Government’s guidelines, providing facilities for social distancing, and taking due care over all our activities.

12

inHope (Bristol) Limited

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

2. The unpredictability of funding post-pandemic

Since the first months of the outbreak, individuals and grant-making bodies have been generous in their provision, clearly sensing the urgency of the need. There is a danger now, though, that weariness and compassion fatigue might dull that enthusiasm. There will also be competition for funding as new enterprises emerge and many previously profitable businesses might find it hard to recover, leaving individuals and organisations unable to support us. inHope keeps reserves for such a time and regularly monitors cashflow projections. An Impact Officer has recently been added to inHope’s Fundraising and Communications team in order to enhance publicity and grant applications and to clarify both results and needs.

3. Premises at 12 City Rd

This property is owned by inHope and has been leased out to Bristol Hope Project, a CIC offering accommodation to women. Unfortunately, no rent has been received from the leaseholder since April 2020. We are unsure whether the CIC still exists or whether there are still tenants living there. Our attempts to contact Bristol Hope Project have not been successful and we have engaged GL Law solicitors to pursue the matter, seeking positive resolution. The lease expires in November 2021. Two active directors are named on the Companies House web site, one of which cannot be traced, even by a professional company engaged by GL Law, and the other denies all current involvement. The Board feels there is at least a duty of care towards any remaining residents, but all actions to mitigate this risk are in pursuance of legal advice.

Statement of Trustees’ Responsibilities

The Trustees (who are also directors of inHope (Bristol) Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

13

inHope (Bristol) Limited

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.

Registered office: Signed by order of the Trustees 32 Stapleton Road Bristol England BS5 0QY

Date: 13 September 2021 Granville Sykes

14

inHope (Bristol) Limited

REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2021

Chair of Trustees Andrew Street
Trustees Granville Sykes
John Dixon
Catherine Adeniyi (appointed 8 March 2021)
Lindsay Smith (appointed 8 March 2021)
Catherine Carne (appointed 10 May 2021)
Spencer Crowder
Donna Robbie (resigned 31 December 2020)
Owen Mason
Secretary Granville Sykes
Senior Management Team J Lee, Chief Executive Officer
M Connolly, Wild Goose Drop-in Centre Manager
V Thompson, Spring of Hope Women’s Night Shelter Manager
S Leitch, Life Recovery Manager
A Irwin, Foodbank Manager
R Nott, Finance and Operations Manager
S Baker, Development and Relationships Manager
A Glanville, Volunteer Manager
Principal Office 32 Stapleton Road
Bristol
BS5 0QY
Company Registration Number 02214814
Charity Registration Number 298528

15

inHope (Bristol) Limited

REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2021

Bankers HSBC plc Bristol City Office PO Box 120 49 Corn Street Bristol BS99 7PP Auditors Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

16

inHope (Bristol) Limited

INDEPENDENT AUDITOR’S REPORT

YEAR ENDED 31 MARCH 2021

Independent auditor’s report to the members of inHope (Bristol) Limited

Opinion

We have audited the financial statements of inHope (Bristol) Limited (the “Charity”) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Charity’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion, the financial statements:

Basis for opinion

We conducted out audit in accordance with international Standards in Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

17

inHope (Bristol) Limited

INDEPENDENT AUDITOR’S REPORT

YEAR ENDED 31 MARCH 2021

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If based, on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report the fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken during the audit:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

18

inHope (Bristol) Limited

INDEPENDENT AUDITOR’S REPORT

YEAR ENDED 31 MARCH 2021

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

19

inHope (Bristol) Limited

INDEPENDENT AUDITOR’S REPORT

YEAR ENDED 31 MARCH 2021

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/apb/scope/private.cfm This description forms part of our auditor’s report.

Ed Marsh FCA DChA (Senior Statutory Auditor)

For and on behalf of Burton Sweet Limited and Statutory Auditor

The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 13 September 2021

20

InHope (Bristol) Limited

STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account)

YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
8
Transfers between funds
18
Net movement in funds
Reconciliation of funds
Total funds at 1 April 2020
18
Total funds at 31 March 2021
18
Net income/(expenditure) before
transfers		 Unrestricted
General
Funds
£
456,136
-
1,707
170
458,013
118,948
70,949
189,897
268,116
(144,257)
123,859
663,373
787,232		 Restricted
Funds
£
976,989
400
1,200
-
978,589
8,094
1,062,840
1,070,934
(92,345)
144,257
51,912
257,386
309,298		 Total

Funds
2021
£
1,433,125
400
2,907
170
1,436,602
127,042
1,133,789
1,260,831
175,771
-
175,771
920,759
1,096,530		 Total
Funds
2020
£
1,163,586
283
13,605
187
1,177,661
117,544
935,296
1,052,840
124,821
-
124,821
795,938
920,759

The notes on pages 24 to 33 form part of these financial statements See note 11 for fund-accounting comparative figures

21

InHope (Bristol) Limited

BALANCE SHEET

----- Start of picture text -----
AS AT 31 MARCH 2021 Company Number: 02214814
Note 2021 2020
£ £
Fixed assets
Tangible assets 12 619,295 543,577
Current assets
Debtors 13 28,993 28,479
Cash at bank and in hand 515,198 430,887
544,191 459,366
Creditors: amounts falling due
within one year 14 (52,742) (63,086)
Net current assets 491,449 396,280
Total assets less current liabilities 1,110,744 939,857
Creditors: amounts falling due
after more than one year 15 (14,214) (19,098)
Net assets 1,096,530 920,759
Funds
Unrestricted funds
General funds 19 231,655 146,467
Designated funds 19 555,576 516,906
Total unrestricted funds 787,231 663,373
Restricted funds 19 309,299 257,386
Total funds 1,096,530 920,759
----- End of picture text -----

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

These financial statements were approved by the Trustees on 13 September 2021 and are signed on their behalf by:

Andrew Street Chair of Trustees

22

InHope (Bristol) Limited

CASH FLOW STATEMENT

YEAR ENDED 31 MARCH 2021

2021
2021
Notes
£
£
Net cash inflow from operating activities
A
188,539
Non-operational cash flows
Investing activities
Payments for tangible fixed assets
(99,514)
Investment income
170
(99,344)
Financing activities
Repayment of hire purchase and other creditors
(4,884)
(4,884)
Net cash inflow for the year
B
84,311
NOTES TO THE CASH FLOW STATEMENT
2021
£
A. Reconciliation of net movement in funds to net cash inflow from operating activities
Statement of Financial Activities: Net movement in funds
175,771
Investment income
(170)
Depreciation
23,796
(10,344)
Decrease in debtors
(514)
Net cash inflow from operating activities
188,539
B.
Analysis of changes in cash flow during the year
2021
2020
£
£
Cash at bank and in hand
515,198
430,887
2020
2019
£
£
Cash at bank and in hand
430,887
270,314
(Decrease)/Increase in creditors: Current Liabilities		 2020
£
176,499
(11,373)
187
(11,186)
(4,740)
(4,740)
160,573
2020
£
124,821
(187)
21,685
15,663
14,517
176,499
Change
£
84,311
Change
£
160,573

C. Cashflow restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own Objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year.

23

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1 Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared under the 'small companies' provisions of the Companies Act 2006 and in accordance with the Financial Reporting Standard FRS102 and the Charities Statement of Recommended Practice (SORP FRS102) based thereon.

The charity is a public benefit entity as defined under FRS102.

There are no material uncertainties affecting the ability of the charity to continue as a going concern. Please refer to Trustees' report for further detail.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not have been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts of food and clothing for the charity are included at an estimate of fair value and are recognised when distributed. No amounts are included in the financial statements for services donated by volunteers. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation and allocated to the same fund as the original donation.

Legacies are included on a receivable basis where the Charity is entitled to the income, it can be measured reliably and receipt is probable. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.

Expenditure

All expenditure is accounted for on an accruals basis inclusive of any VAT which cannot be recovered and has been included under expense categories that aggregate all costs for allocation to activities. Expenditure on raising funds includes those incurred in trading activities. Charitable activities include expenditure on the Wild Goose Drop-In Centre, LIFE Recovery, East Bristol Foodbank and the Spring of Hope Women's Night Shelter, and includes both direct costs and support costs relating to those activities. Governance costs are those incurred in connection with meeting the constitutional and statutory requirements of the Charity. Governance costs are included within charitable activity costs.

Tangible fixed assets

Tangible fixed assets are classified as such when they have a value over £2,000 and a useful life of over one year. They are stated at cost less depreciation, which is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated economic life.

Freehold interest in Land and Buildings 2% on cost Furniture, fittings and equipment 25% on cost Plant and machinery 10 - 20% on cost Motor Vehicles 25% on cost

24

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1 Accounting policies (continued)

Taxation

The charity is exempt from corporation tax on its charitable activities.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Controlling entity

The charity is a company limited by guarantee, and as such holds no share capital. In the event of the winding-up of the charity, the liability of the members of the charity is limited to £10 each.

Pension scheme

The charity operates a defined contribution pension scheme for eligible employees. During the year, the charity paid £21,657 (2020: £20,511) in contributions for employees.

2 Income from Donations and Legacies

Committed giving
Appeals and donations
Gift Aid tax reclaimed
Gifts in kind
Legacies		 Unrestricted
Funds
£
153,161
261,136
36,839
-
5,000
456,136
Restricted
Funds
£
42,326
609,854
26,125
298,684
-
976,989
Total Funds
2021
£
195,487
870,990
62,964
298,684
5,000
1,433,125

During the year, the charity received government grants totalling £93,277 including £10,000 from Bristol City Council, £8,561 from HMRC in respect of Covid support and £74,716 from the Ministry of Housing, Communities and Local Government.

The charity receives gifts in kind for all projects from local businesses, organisations, churches and individuals. These include food which is used to prepare meals to serve at the Wild Goose Drop-In Centre which are valued by multiplying the actual number of meals served by the estimated cost of a meal. Other donations such as clothing, toiletries and sleeping bags are valued at the cost the charity would be prepared to pay if it had to buy these items. Food distributed via the South and East Bristol Foodbank is valued at £1.67 per kilogram, being a recognised valuation. One individual has given the charity use of a building rent free. This is valued at the cost of the rent the building could obtain on the open market.

Prior year comparatives
Committed giving
Appeals and donations
Gift Aid tax reclaimed
Gifts in kind
Legacies		 Unrestricted
Funds
£
152,802
259,761
29,958
-
1,436
443,957
Restricted
Funds
£
15,161
302,248
13,260
326,273
62,687
719,629
Total Funds
2020
£
167,963
562,009
43,218
326,273
64,123
1,163,586

25

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

3 Income from Charitable Activities

The Wild Goose Friday breakfast
Life Recovery
Prior year comparatives
The Wild Goose Friday breakfast
Life Recovery
4
Income from Other Trading Activities
Rental income and room hire
Other miscellaneous income
Sale of Kitchen Equipment
Prior year comparatives
Rental income and room hire
Sales of clothing and donated goods
5
Expenditure on Raising Funds
Events, advertising & publicity costs
Cost of fundraising platforms
Salary costs
Publications and website costs
Support costs (see note 7)		 Unrestricted
Funds
£
-
-
-
Unrestricted
Funds
£
-
-
-
Unrestricted
Funds
£
1,050
657
-
1,707
Unrestricted
Funds
£
12,588
126
12,714
Unrestricted
funds
£
1,597
6,870
82,508
7,186
20,787
118,948
Restricted
Funds
£
-
400
400

Restricted
Funds
£
263
20
283

Restricted
Funds
£
-
-
1,200
1,200

Restricted
Funds
£
-
891
891
Restricted
funds
£
-
-
-
-
8,094
8,094
Total Funds
2021
£
-
400
400

Total Funds
2020
£
263
20
283

Total Funds
2021
£
1,050
657
1,200
2,907

Total Funds
2020
£
12,588
1,017
13,605
Total funds
2021
£
1,597
6,870
82,508
7,186
28,881
127,042		 Total funds
2020
£
10,927
2,514
79,582
8,263
16,258
117,544

All expenditure on raising funds in 2020 was unrestricted, other than expenditure of £3,400 relating to Events, advertising and publicity costs.

26

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

6 Expenditure on Charitable Activities

Direct costs
£
South and East Bristol Foodbank
405,166
Life Recovery
61,532
Spring of Hope
105,188
The Wild Goose
173,579
Homes not Houses
1,425
Bristol Churches Winter Night Shelter
44,117
Carpenter House refurbishment
125,632
916,639
Prior year comparatives
Direct costs
£
East Bristol Foodbank
164,953
Life Recovery
59,678
Spring of Hope
153,236
The Wild Goose
289,151
Bristol Churches Winter Night Shelter
25,685
Carpenter House refurbishment
22,414
715,117
Support costs
Raising
Charitable
Total
funds
Activities
2021
£
£
£
Salary costs
16,107
118,118
134,225
Volunteer mgt costs
485
3,556
4,041
Depreciation
2,243
21,553
23,796
Office costs
3,306
24,235
27,541
Light and heat
429
3,149
3,578
Health & Safety Support
996
7,306
8,302
Repairs & Maintenance
242
1,778
2,020
Rent and rates
481
3,527
4,008
Vehicle Expenses
217
1,592
1,809
Waste & Pest Control
952
6,983
7,935
Governance costs
715
5,243
5,958
Finance support
186
1,363
1,549
Loan Interest paid
79
577
656
Legal & HR Expenses
190
1,394
1,584
Staff training
345
2,788
3,133
Travel expenses
210
1,537
1,747
Insurance
773
5,668
6,441
Printing, postage and
stationary
752
5,513
6,265
Subscriptions
108
792
900
Consultancy fees
-
-
-
Sundry expenditure
65
478
543
28,881
217,150
246,031		 Support
costs
£
91,713
21,660
24,320
79,457
-
-
-
217,150
Support
costs
£
32,519
42,975
44,296
100,389
-
-
220,179
Raising
funds
£
7,884
-
1,227
1,935
946
128
198
249
205
816
447
409
56
71
317
206
463
503
50
118
30
16,258		 Total costs
2021
£
496,879
83,192
129,508
253,036
1,425
44,117
125,632
1,133,789
Total costs
2020
£
197,472
102,653
197,532
389,540
25,685
22,414
935,296
Charitable
Total
Activities
2020
£
£
104,762
112,646
-
-
20,457
21,684
25,703
27,637
12,569
13,515
1,701
1,829
2,636
2,835
3,307
3,556
2,729
2,934
10,842
11,658
5,941
6,388
5,439
5,848
744
800
949
1,020
4,206
4,522
2,739
2,945
6,151
6,614
6,676
7,179
665
715
1,562
1,680
401
431
220,179
236,437

7 Support costs

Support costs are split between fundraising costs and charitable activity costs based upon usage.

27

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

8 Net income

This is stated after charging:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Depreciation|23,796|21,685| |Independent examiner's fee|-|336| |Audit Fees|5,160|4,500|

----- End of picture text -----

During the year no trustee received remuneration or other employment benefits from the charity. This was also the case in the prior year.

During the year no trustee was reimbursed for out of pocket expenses. This was also the case in the prior year.

During the year, donations of £23,625 (2020: £6,311) were received from trustees, key management personnel and other related parties.

No related party transactions occurred in the year other than disclosed above or elsewhere in the financial statements.

9 Staff costs and numbers

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |The aggregate payroll costs were:|£|£| |Wages and salaries|466,215|440,143| |Social security costs|35,416|33,127| |Employer's pension contributions|21,657|20,511| |523,288|493,781|

----- End of picture text -----

The average weekly number of employees during the year, calculated on the basis of average headcount, was as follows:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |No.|No.| |Charitable activities|17.8|17.4| |Fundraising|3.0|3.5| |20.8|20.9|

----- End of picture text -----

No employee received emoluments of more than £60,000.

The key management personnel employee benefits totalled £275,106 (2020: £234,707).

The average weekly number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |No.|No.| |Charitable activities|13.9|13.6| |Fundraising|2.6|2.6| |16.5|16.2|

----- End of picture text -----

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and applied for charitable purposes.

28

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

11 Fund-analysis comparative figures for the Statement of Financial Activities

Income from:
Donations
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds at 1 April 2019
Total funds at 31 March 2020		 Unrestricted
General
Funds
£
443,957
-
12,714
187
456,858
114,144
108,074
222,218
234,640
(264,206)
(29,566)
692,939
663,373
Restricted
Funds
£
719,629
283
891
-
720,803
3,400
827,222
830,622
(109,819)
264,206
154,387
102,999
257,386		 Total

Funds
2020
£
1,163,586
283
13,605
187
1,177,661
117,544
935,296
1,052,840
124,821
-
124,821
795,938
920,759

29

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

12 Tangible fixed assets

Freehold
interest in Land
& Buildings
£
£
Cost
At 1 April 2020
659,481
23,477
Additions
51,860
9,091
At 31 March 2021
711,341
32,568
Depreciation
At 1 April 2020
142,575
18,794
Charge for the year
13,190
1,171
At 31 March 2021
155,765
19,965
Net book value
At 31 March 2021
555,576
12,603
At 31 March 2020
516,906
4,683
13 Debtors
Other debtors
Prepayments
Accrued income
14 Creditors: amounts falling due within one year
Trade creditors
Other taxation & social security
Other creditors
Accruals & Deferred income
Furniture,
fittings &
equipment		 £
53,041
38,563
91,604
40,442
5,101
45,543
46,061
12,599
Plant &
machinery

 £
17,334
-
17,334
7,945
4,334
12,279
5,055
9,389
Total
2021
£
8,321
11,212
9,460
28,993
Total
2021
£
21,824
3,601
5,000
22,317
52,742

Motor
Vehicles		 Totals
£
753,333
99,514
852,847
209,756
23,796
233,552
619,295
543,577
Total
2020
£
10,752
7,036
10,691
28,479
Total
2020
£
20,290
9,922
5,000
27,874
63,086

30

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

15 Creditors: amounts falling due after more than one year

Other creditors Total
2021
£
14,214
14,214		 Total
2020
£
19,098
19,098

16 Commitments under operating leases

At 31 March 2021 the charity had total commitments under non-cancellable operating leases as set out below:

Expiry date
Under one year
Within 2 to 5 years		 2021
Other
Leases
£
5,671
3,592		 2020
Other
Leases
£
5,671
9,263

17 Capital commitments

At the year end the charity had contracted capital commitments of £Nil. In the prior year, contracted capital commitments totalled £129,720 for the refurbishment works at Carpenter House.

18 Movement in funds

Restricted Funds
South and East Bristol Foodbank
Life Recovery
Spring of Hope
The Wild Goose
Homes not Houses
Bristol Churches Winter Night Shelter
Carpenter House refurbishment
Covid Resilience
Other small funds
Restricted funds subtotal
Unrestricted funds
Designated funds
Net Book Value of Buildings
General funds
Unrestricted funds subtotal
Total funds		 At
1 April
2020
Income
£
£
20,252
626,115
6,588
22,724
33,953
65,073
10,017
101,585
-
-
25,522
41,878
160,346
48,765
-
72,450
708
-
257,386
978,590
516,906
-
146,467
458,012
663,373
458,012
920,759
1,436,602		 Expenditure
£
(442,815)
(70,388)
(114,045)
(205,063)
(1,425)
(44,117)
(125,631)
(67,450)
-
(1,070,934)
-
(189,897)
(189,897)
(1,260,831)		 Transfers
£
-
61,151
56,674
108,487
1,425
-
(83,480)
-
-
144,257
38,670
(182,927)
(144,257)
-		 At
31 March
2021
£
203,552
20,075
41,655
15,026
-
23,283
-
5,000
708
309,299
555,576
231,655
787,231
1,096,530

31

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

18 Movement in funds (Continued) Fund Descriptions - Restricted

South and East Bristol Foodbank - this fund represents donations received to provide short-term emergency food provision to those in extreme need.

Life Recovery - this fund represents monies received to help clients in addiction recovery to develop resilience through the development of practical skills.

Spring of Hope - this fund represents donations received to operate a women's night shelter providing emergency accommodation and emotional and practical support to women fleeing from abuse, relationship breakdown and sex work.

The Wild Goose - this fund represents donations of monies and food to operate a drop in centre serving free cooked meals and giving practical support to individuals in need.

Homes not Houses - this fund represents monies received and spent on the call to action to the church in Bristol to partner with inHope to create homes for marginalised people.

Bristol Churches Winter Night Shelter - this fund repesents monies received for the running of a city-wide multi church winter night shelter which is overseen by inHope.

Carpenter House refurbishment - this fund represents monies received that are to be spent on the refurbishment of Carpenter House.

Covid Resilience - this fund represents grants received for core costs to assist with resilience of the charity through Covid.

Fund Descriptions - Unrestricted

The Net Book Value of Buildings - this fund represents the buildings held by the charity, transferred into a designated fund for clarity.

Transfers have been made from general funds into The Wild Goose,Spring of Hope Life Recovery and Homes not Houses funds to cover expenditure made from general funds on these charitable activities over and above the restricted income received. In addition the transfer from Carpenter House refurbishment fund to NBV of buildings and general funds, represents the derestriction of funds received for capital refurbishment works along with the depreciation charge.

32

InHope (Bristol) Limited

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

18 Movement in funds - prior year (continued)

At
01-Apr
2019
Income
£
£
Restricted Funds
East Bristol Foodbank
3,735
197,607
Life Recovery
3,427
16,181
Spring of Hope
28,301
155,612
The Wild Goose
5,312
190,302
Bristol Churches Winter Night Shelter
-
51,207
Carpenter House refurbishment
61,266
106,494
Other small funds
958
3,400
Restricted funds subtotal
102,999
720,803
Unrestricted funds
Designated funds
Net Book Value of Buildings
530,096
-
General funds
162,843
456,858
Unrestricted funds subtotal
692,939
456,858
Total funds
795,938
1,177,661
19 Analysis of net assets between funds
Restricted
funds
£
Tangible fixed assets
-
Cash at bank and in hand
309,299
Other current assets
-
Creditors due after one year
-
309,299
Analysis of net assets between funds - prior year
Restricted
funds
£
Tangible fixed assets
-
Cash at bank and in hand
257,386
Other current assets
-
Creditors due after one year
-
257,386		 Expenditure
Transfers
£
£
(181,827)
737
(81,979)
68,959
(175,535)
25,575
(339,782)
154,185
(25,685)
-
(22,414)
15,000
(3,400)
(250)
(830,622)
264,206
-
(13,190)
(222,218)
(251,016)
(222,218)
(264,206)
(1,052,840)
-
Designated
General
funds
funds
£
£
555,576
63,719
-
205,899
-
(23,749)
-
(14,214)
555,576
231,655
Designated
General
funds
funds
£
£
516,906
26,671
-
173,501
-
(34,607)
-
(19,098)
516,906
146,467
Unrestricted funds
Unrestricted funds		 At
31-Mar
2020
£
20,252
6,588
33,953
10,017
25,522
160,346
708
257,386
516,906
146,467
663,373
920,759
Total
£
619,295
515,198
(23,749)
(14,214)
1,096,530
Total
£
543,577
430,887
(34,607)
(19,098)
920,759

33