COMPANY REGISTRATION NUMBER: N1622198 CHARITY REGISTRATION NUMBER: 100154 Hope and a Future Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 D C CORR AND COMPANY Chartered accountants 29B Main street Randalstown County Antrtm BT413AB
Hope and a Future Company Limited by Guarantee Financial Ststements Year ended 31 March 2023 Page Directors, annual report (incorporating the directorfs report) Independent examiners report to the directors Statement of financial acts'vities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 10
Hope and a Future Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The dlrectors, wtto are also the directors for the purposes of company law. present their report and the unaudited financial statements of the eharlty for the year ended 31 March 2023. Reference and administrative details Registered charity name Hope and a Future Charity registration number 100154 Company registration number N1622198 Principal office and registered 7 New Street office Randalstown County Antrim BT413AF The directors Mrs C Keenan Mr W Pollock Independent examiner Dennot C 2gB Main Stroot Randalstown County Antrim BT413AB Structur8, govemanc8 and management Hope and a Future is a ¢ompany limited by guarantee and as such it does not have Sha capital. Every director being a member of the Executive Committee undertakes to contribute to the assets of the Company, in the event of the same being wound up vthile he 1$ a member, or vAthin one year after he Geases to be a member, for payment of debts and liabilities of the Company GontraGted before he ceases to be a member, and of the costs, charges and expenses of win¢Jing up, and for the adjustment of rights of the contribLrtors among themselves. such amount as may be required not exceeding £1.00. The Company is registered with HM Revenue and Customs as a charitable b¢)dy for taxation purposes IHMRC Charity Number XT79101. The Company was incorporated on 8 January 2014 and its governing instruments are the Memorandum and ArbGles of Association. The address of the Company's Registered Office, vthich is also its pnncipal address. is shoTrhn on page 1.
Hope and a Future Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (conlinuerfj Year ended 31 March 2023 ObJeiveS and activities Hope and a Future is a small Northem Ireland charity based in Randalstown, County Antrim. The charity was initiated by local couple Kevin and Christine Keenan following a irip to the town of Shagh@menÈ in thÉ SOLrth of Ethiopia in 2006. ThÈy wÈrÈ moved by the high level of povety and the lack of education for some of the poorest childn. Many ol these children worked from as young as 5-6 years of age or made a Itving by begging on the streets. The Hope and a Future Charity vlas fomied in 2007 and is overseen by a committee of local people from Randaltstown and Antrim. The initial aim at the start wa8 to provide education for some of the poorest children in the town of Shashemene in South Ethiopia, 250 knis from Addis Ababa. From a very Small beginning of a small rented building wtlh 150 children tha charity has grown ovar the past 12 year5 to Ihe extent that in 2019 support was being provided for two schools Wlth up to 500 children. The first school was purpose built and provides education for children 8yrs to 16yrs. This school is called "School for Humanity" and currently provides education for up to 400 children. The second school is called Tesfa had around 100 children attending of age &7 year5. The decision was madÈ to c@agÉ the second school in June 201g and the children would be transferred into the first 3chool 85 places became available. From September 2019 the Charity was maintaining the School for Humanty 400 children. All Children wère provided with seh¢Xsl unrfoms and for many of the thildren it is their main item.s nf clothing. Each child receives a nourishing meal each day which greatly helps the health of the children but this also presents a Ghallenge due to increasing costs of foo(Istuffs Children also are provlded with new shoes when required ag well as medical treatment when necessary. All teachers and support staff are employed from the local area and the charity up to June 2020 were employing more than 50 50 staff as teachers, cooks, cleaners, admin, sto$ and management. In 2015 the Hope and a Futurè charTty bggan to plan towards building a Therapeuti¢ Centre for children with a Disability and a Youth Centre in Shashemene. At that time there was very little provision for children with a Disability many of these children living in isolation in their shack houses. They have no access to education, therapeutic intorventions, healthcare or opportunities for socialisation with Iheii peers. Construction of this new building was Gompleted in 2019 From 201S the Charity bÈgan to g2thÈr Disability equipment into store faciltltes connected to the Charity shop outl¢ts the aim of sending a Sea Container loaded with this equipment from N. l. into Ethiopia an(J on to the new building in Shashemene. Airangertierit wab niade foi ilie Container lo leave N. l. in September 2019. laden wth the equipment which had been gathered up over the previous years. The container arrived at rts dostination in Ethiopia in November 2019. In the years trom the beginning of the Chanty, teams of volunteers from N. Ireland have travelled to Ethiopia lo provide dI¢t support 2nd encouragement for all ongoing projects. These trips are generally 10 to 14 days duralion. There have been no trips since early 2020 mainly due to Covid and related effects on air travel and risk to personal welfare.
Hope and a Future Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) {¢ofttinuedJ Year ended 31 March 2023 Achlevements and perforniance In September 2019 the was a fomal opening of the new Youth Centre in Ethiopi8, attended by Loc81 Authority including the Mayor and also representatives from N. Ireland The Youth centre on the upper floor would provide local children with somewhere to meet and socialise. They would have access to a library and a place to study and Gomplete homework. During 2019, due to increasing expense of Maintaining the sch¢Jol vthh rising costs for food, salaries etc, there were delays in achieving full operation of the Disabilty Centre and YoLrth CÈntrÈ. At thig timÈ thè Charty commit wÈr@ looking at ways to reduce the financial burden. The financial situation intensified in March 2020 when Coronavirus came into N. Ireland bringing the first Lockdovm when our shops had to close and the main source of income ceased. By June 2020 any rcscTve financc was depleted and decision was made to teminate our finance input to the School for Humanity and to the Disability and Youth Centre. At Ihis time the Charity was stiii in Lock¢Jown with no income and no reserve finance to maintain Projects_ Letters were written to Alrthorities in Ethiopia explaining the Charity positson and giving the Projects over to their administration. Following the first Lockdo4 the Charty shops reopened in July 2020 and income began to be restored but still with limitations due to the ongoing Covid 19 Pandemi¢. In July 2020, thi8 Charity began to send finance 5UPPOrt to two smaller Schools in the same region Df Ethiopia.. The Chatity finance position remained very low during the Covid threat in the county and there was a second Lockdown from Dec 2020 til April 2021.our shops were closed for this time. Following the second Covicl lockdown our shops reopened In Aprll 2021 and began to reslore Income for Charity funds. In the months following Charity support was restored to the School for Humanity and also support continued for kn smaller schools. School for Humanty has 400 children and the othgr school each have 200 children so in total our Charrty 15 providing education for 800 Children and salaries for more than 50 staff across the three schools. Since the summer of 2021, thanks to steady InMe from our Charty shops, we have gradually increased our finance payments to the schools in Elhiopia. We also support a Deaf community of around 40 families with monthly finance as their disabilty limits their èmployment potential. We also support a communty of people whose adults have leprosy, supporting an Agriculture programme to 8.ncourage sew sufficiency in the fiJtU Thp_ npAf grnijp 2nd Loprosy gmup livÈ in thÈ 38me region 89 our schools in Ethiopia. In addrtion to our prqects in Ethiopia. the Chanty also aims to support small l¢xal needs in our local Area of N. Ireland. This includes single parent families. migrant families, people on low incomes and others with disability, addictions andlor mental heath issues. At present time the Charty may 3UPPOrt people expenencing stress due to National economic downtum. Our Charity shops have become popular goci21 IocAtions where people find fn'endship and encouragement. Our Charity shops serve mainly Randalstovm and Antrim and surrounding regions. Many of our volunteer staff speak of the personal benefit of engaging in worthwhile Vrk and escape from isolation and loneliness. We also en¢oLirage involvement of people vtho may have disabilty or mental health issues 2nd this is therapeutic for individual health
Hope and a Future Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (cofttlnuedj Year ended 31 March 2023 Flnanclal review Both the level of activities and the year end financial position We considered satisfactory. The direGtor5 expect that InMe lo increase in the year to 31 March 2023 and this wlll be malntalned for the foreseeable future. The Statement of Financial Adivitses shows a net increase in Unrestricted Funds of £21,040 and a no change to the Resln"rted Funds. The Company had Total Charity Funds of £156,928 at 31 March 2023. Small company provislons Thi8 report has been prepared in accordance wth the provisions applicable to companies entitied to tli¢ stnall wmpanie5 exemption. The directors, annual report was approved on 14 December 2023 and signed on behalf of the board of trustees by.. Mrs C Keenan Director
Hope and a Future Company Limited by Guarantee Independent Examinerfs Report to the Directors of Hope and a Future Year ended 31 March 2023 l pOrt to the directors on my examinats.on of the financial statements of Hope and a Future ('the charity.) for the year Ènded 31 March 2023. Responsibilities and basis of report As the diredors of thè company (and also ils diro¢tors for the purposes of company law) you are responsible for the preparation of the finanaal statements in accordance with the requirements of Charities Act (Northem Ireland) 2008 lthe '2008 Act,) and the Companies Act 2006 (the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself thal the accounts of the company are not required to be audtied under Part 16 of the 2006 Act and are eligible for independent examination. I repert in re8pect of my examination of the charity's financial statement5 as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 65{9){b) of the 2008 ACL Independent examinefs statement Since the chaiity'3 gro83 income exGeeded £250,000 your examiner mugt be a member of a body lisled in section 65 of the 2008 Act. I confimi that l am qualffied to undertake the examination because l am a member of Chartered Accountants Irei8nd. which is one of the listed bodies. I have Gompleted my examination. I confirm that no matters have Gome to my attention in Gonnedion Vh my examinats.on giving me cause to Delieve that In any matenal respea: ac¢ounting rerdS Vr9 not kept in rospoct of th• charity a$ raquired by section 386 of the 2006 Act, or the financial statements do not accord wtth those records: or the financial siatements do not compty with the accountlng requlrements of sectlon 396 of the 2006 Act other than Sny requirement that the accounts give a Xrue and fai view which is not a matter considered as part of an independent cxamination; or the financial statements have not been prepared in accordance Vth the methods and principles of the Statement of Recommended Practice for aeeounting and reporting by charitses applicable to charities preparing their accounts in accordance with the Financial Reporting Standar(l applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accDunt5 to be reached. Demiot Corr Independent Examiner 296 Main street Randalstown County Antrim 8T413AB
Hope and a Future Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted nds Total funds Total fvnds 2022 Unrestricted nds Income and endowments Donations and legacies Other trading aGtivitie5 Totsl inGom• 3.096 319,30 3.096 319,350 15,197 243,379 322,446 322,446 Expenditure Expendtture on charitable activities 301.406 301.406 233.460 Total expenditure 301.4( 301,406 233.460 Net income and net movement in funds 21,040 21.040 25,116 Reconciliation of funds Total fiJnds brought foward Total funds carried forward 127.820 8.068 135.888 110.772 148.860 8,068 156.928 135,888 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure deri¥e from continuing activities. Thg notes on pages 10 to 17 forni part of these Ilnancial statements.
Hope and a Future Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 NotÈ Fixed assets Tangible fixed assets 13 146,216 155,425 Current assets Stocks Debtors Cash at bank and in hand 14 1S 1.230 4.941 63,982 70,153 1,840 19,726 44.436 66,002 Creditors: amounts falling due within one year Not currant assets 16 29.935 39,081 26.921 40.218 Total assets less current liabilities 186,434 182,346 Creditors: amounts falling due after more than one year 17 29.506 46.458 Not ass•ts 156.928 135.888 Funds of the charity Restricted funds Unrestricted funds 8,068 148.860 8,068 127,820 Total charity funds 18 156.928 135.888 For the year ending 31 March 2023 the charity was entitled to exempts'on from audit under section 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilities.. The membets have not required the company to obtain an audit of its financial statements for the year in quesb.on in accordanc& with section 476" The directors acknowledge their responsibilities for complying with the requirements ot the Act th respect to accounting records and the preparation of financial statements. These financial 5tatemerrt5 have been prepared in aGcordanGe with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. ThÈ natÈ* on pagè# 10 to 17 fomi part of these financial stat2mpnts.
Hope and a Future Company Limited by Guarantse Statement of Financial Position (conthued) 31 March 2023 These finandal statements were approved by the board of trustees and authorised for issue on 14 rJecemb@r 20?3. and arÈ signÈd on behalf of the board by". Mrs C Keenan Director The notes on pages 10 to 17 forni part of thÈse financial statements.
Hope and a Future Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net income 21,040 25,116 Adjustments for Depreciation of tangible fixed assets Accrued expenses 10,834 S53 10,712 Changes in." stocks Trade and other debtors Trade end other creditors 610 14,785 (9,699) 38,123 110 (4.863) 8,499 Cash generated frotn operations Net cash from operating aclivitie5 39,574 38,123 39,574 Cash flows from investing activiti8S Purchase of tangible assets Net Gash used in investing activilÈes (1,62S} (1,625} ash flows from financing actr'viti"es Proceeds from borrowngs Net CAgh used in financing 3¢tivities {16.952 {15,078) {16.952) {15.078) Net increase in ¢agh and ¢a$h equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 19,546 44,436 24,496 19,940 63,982 44,436 The nolÈs on pagÈA 10 to 17 fomi part of thÈsÈ financial ststèmèntA.
Hope and a Future Company Limitsd by Guarantse Notes to the Financial Ststements Year ended 31 March 2023 Generdl infomiation The charity is a public benefft entty and a private company limited by guarantee. registered in Northem Ireland and a registered charity in Northem Ireland. The address of the registered office is 7 New Street. Randalstown, County Antrim. BT413AF. Statement of compliance These financial statements have been prepared in Complian vth FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charilies preparing their accounts in a¢cordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP {FRS 1021) and the Companies Act 2006. Accounts"ng policies Ba818 of preparation The financial statements have been prepared on the historical cost basis. as modffied by the revaluation of Certain financial assets and liabilities and investment properties measured at fair value through income or expendilure. The financi31 statements are PpAred in &t@ding. which is the functional currency of the entity. Goli19 con¢em There are no material uncertainties aboui the charity's ability to continue. Judgements and key sources of estimation un¢ertainty The preparation of the financial statements requires management to make judgements. estimates end assumptions that affect the amounts reported. These estimates and judgements are conlinually reviewe(i and are based on experience and other factors, including expectstions of future. evp.ntg thxt arp. bÈliÈvÈd to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purpose8. Designated funds are unresth.cted funds eamiarked by the directors for particular fvture project or commitment. Restricted fund5 are subjected to re5triction5 on their expenditure declared by the donor or through the tems of an appeal. and fall into one of tsvo sub-classes: restricted income funds or endowment fvnds. 10
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements (wJ*nued) Year ended 31 March 2023 Accounllng policies (Continued) In¢oming resources All Incoming resour¢es are included in the statement of financial activities when entitlement has passed to the charty., it is probable that the economie benefits associated the transaction will flow to the charity and the amount can be reliably measured. The followng specific policies are applied to parts'cular categones of income.. income from donations or grants is recognised when there is e¥idenGe of entitlement to the gfft, receipt is probable and rts amount can be measured reliably. 109acy income is recognised en re¢eipt is probable and entttlcmcnt is cstablighed. income from donated g¢)ods is measured at the fair value of the g¢)ods unless this is impractical to measure reliabty, in which ¢a$8 the value is derived from the cost to the donor or Ihe estimated resale value. Donated fa¢ilities and services ale iecognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised viith the delivery of the contractgd sgrvice. Thi8 18 classified as unrestricted fvnds unless there is a contractual requirement for il to be syent ¢1 particular PUTpose and retumed if unspent, in which case rt may be regarded as restricted. Rosourcgs expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot bÈ fully recovered, and is classiffied under headings of the statement of financial activities to which it relates.. eXndItUre on raising funds includes the eosts of all fundraising activittes. events, non<haritable trading 8Ctivib'e3, and the sale of donated goods. expenditure on ch2rit2ble activities includes 811 costs incurred by a charty in undertaking activiti¢¥ that further its charit8ble aim¥ for the benefit of its benefiaries, including those 5UPPOrt costs and costs relaung to the govemar)Ge of the charity apponioned to chantable acb'vities. other expenditure includes all expendtture that Is neither related to raising funds for the charty nor part of rts expenditure on charitsble a¢tivities. All costs are allocated to expenditure categories rellecting the use of the resource. Direct costs attributable to a slngie actIvY are allocate¢J directly io that activity. Shared costs are apportioned between the activities they contribtJtÈ to on 3 reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequentty stated at cost loss any accumulated depreciation and impairment losses. Any tangible assets Gariied al revalued amounts are recorded at the fair value at the date of revaluats-on less any subsequent accumulated depreciation and subsequent accumulated impaimiènt losses. 11
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2023 Accountlng pollcles (c¢7thirned) Tangible assets {continutdJ An in¢rease in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impaimient that has previously been re¢ogni3ed as expenditure wtrtin the ststement of financial activities. A decrease in the Garrying amount of an asset as a result of revaluats-on. is recognised in other fecognised gains and losses. except to vthich it offsets any previous revaluation gain, in lch case the loss is shown within other recognised gains and losses on the statement of finanGial aGtivities. Deprociatlon Depreciation 13 calculated so as to vrtite ¢)ff the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as foli0v.. Buildings Fixtures and fittings Motor vehicles Equipmont 4% straight line 20% straighl line 20% straight line 20% straight line Impairnient of fixed assets A review for indicators of impairment is carried oul at each rcporting date, wth the recoverable airiuurit being estimated where such indicator5 exist. Vthere the carylng value exceea5 the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible rèversal at each porting date. For the purposes of impaimient testing. vthen it is not possible to estsmate the recoverable amount of an individu31 asset. an estimate is made of the recoverable amount of the cash-generating unil to whiGh the asset belongs. The cash-generating untt is the smallest Identlfiable group of assets that includes the assei and generates cash inftows that largely indÈpÈndÈnt of the cash inllows from other assets or groups of assets. For impaiiment testing of goodwill, the gi)odwill acquired in a buslness comblnadon Is, trom the acquisition dale. allocated lo each of the cash-generating units that are expected to benefft from the synergi08 of tha combination, irrespective of vthether other assets or liabilities ol the charity are assigned to those units. Stocks Stocks are measured at the lower of cost and estimated selling price less Costs to complete and sell. Cosi includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and wndition. Financial instruments A financial asset or a financial liability is recogni8ed only when the charity becomes a paty to the contractual provisions of the inslruinent. Basic financial instruments are iniiially recognised at the amount receivable or payable including any related transaction costs. 12
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements {conlvnu8d) Year ended 31 March 2023 Accounting po14cies (¢ontlnuedJ Financial instruments (¢ontinuedJ Current assets and current liabileS are subsequenlly measured at the cash or other ¢onsideration expected to be paid or received and not digeounted. Debt instruments are subsequenty measured at amortised cost Whère inv•gtmènts in shar•s arè publicly traded or th•ir fair value can otheNise be measured reliably, the investrnent is subsequently measured at fail value wth changes in fair value recognised in income and expenditure. All other such investments are subsequenlly measured at cost less impaimient_ Olner flnandal Inslruments, Inclu¢lng aerlvattves, are Inllally recogn15ed at falr value, unless payment for an asset is deferred beyond normal business tems or financed at a rate of interest that is not a market rate, in which case the asset 18 measured at the present value of the futuro Payments discounted at a matket rate of interest for a similar debt instrument. Other financial instruments are subsequentty measured at fair value. with any changes reGognised in the statement of financial acbvities, with the ex¢eption of hedging instruments in designated hedging relationship. FinanGial a3set3 that are me83ured at cost or amortised ¢ost are reviewed for objective evidence of impaiTment at the end of each repoTting date. If there Is objecttve evl*Jence of Impalment, an impaimient loss is recognised under the appropriate heading in the stalement of financial activities in vthich the initial gain vrds recognised. For all equty instruments regardless of signfficance, and other financial assets that are individually significant, these are 3ssessed individually for impaiment. Other financial assets are either assessed individualty or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what thè carrying amount would have been had the impainnent not previously been iecogni5ed. Limited by guaranteè The company is a Gompany Ilmfted by guarantee and it does not have a share capital. Evèry dirèctor being a member of the Executive Committèè undèrtakes to contribute to the assets of the Company, in the event of the Same being wound up while he is a member, or within one year after he ceases lo be a member, for payment of debts and liabilities of Ihe Company conlr2Cted before hÉ cÈ2sÈs to bÈ a member. and of thè costs, charges and expenses of winding up, and for the adjustment of rights of the contributions among themselves, such amount as may be required not exceeding £1.00. Donation8 and legacies un$tcted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Grants Grants 3.096 3.096 15,197 15,197 13
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2023 Other trddlng actlvllles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Gn%Aid Donations Charty shop income Re¢y¢ling receipts 592 31,423 281.381 5,954 592 31,423 281.381 5.954 1,234 29,367 205,725 7,053 1,234 29,367 205.725 7,053 319,350 319,350 243,379 243,379 Expendlture on charltable actlvllles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Charitable expenditure Support C03ts 77.467 223.939 77.467 223,939 43,734 189,726 43.734 189,726 301.406 301,406 233,460 233,460 Expenditure on charitable activities by activity type Acttvities undertaken directly Support Total ftinds costs 2023 Total fund 2022 Charttable expenditure Governance costs 77,467 77,467 223,939 43.734 189,726 223.939 77.467 223,939 301.406 233,460 Not income Net income is ststed after Chargin{crediting). 2023 2022 Depreciation of tangible fixed assets 10.834 10.712 10. Independent oxamination f$ 2023 2022 Fee8 payable to the independent examiner for. Iiidependeiil ex(Irnifiatiuri Df the firjancial statemerts Other financial services 875 2.725 875 2,725 3.600 3.600 14
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements {eonthiu¢d) Year ended 31 March 2023 11. Stsff costs The total staff costs and employee benefits for the reporting period are analysed as follows". 2023 2022 Wages and salaries 140,6S3 96,022 The average head count of employ5 duiing the year vras 16 (2022." 14). The average number of full-time equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Number of staff - Managemènt Numbor of stsff _ Support stsff 13 12 16 14 No employee receNed employee benefits of more than £60.000 during the year {2022: Nil). 12. TrustÈÈ rÈmunÈrntion and expÈnses No Trustees reGeived remuiieraiion or other benefits from Ihe Company. 13. Tangible fixed assets Land and Fixtures and buildings fittings Motor vehicles Equipment Total Cost At 1 April 2022 Additsons 208.206 2.179 1,625 14.230 1.424 226.039 1,625 At 31 March 2023 208,206 3,804 14,230 1,424 227,664 Depre¢iation At 1 April 2022 Charge for the year At 31 March 2023 59,449 8,328 1.655 202 8,086 2.304 1.424 70,614 10,834 67,777 1.857 10.390 1,424 81,448 Carying amount At 31 March 2023 140,429 1,947 3,840 146,216 At 31 March 2022 148.757 524 6.144 155,425 14. Stocks 2023 2022 Raw materials and consumables 1,230 1,840 15
Hope and a Future Company Limited by Guarantee Notes to the Financial Statsments (eontini Year ended 31 March 2023 15. Debtors 2023 2022 Prepayments and accrued income Other debtors 1.855 3,086 14,260 5,466 4,944 19,726 16. Creditors: amounts falling due within onp year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Other creditors 19.533 2.308 553 3.373 4.168 19.533 12,563 3,089 3,896 29,935 39,081 17. Credltors- amounts falling due after more than one year 2023 2022 Bank loans and overdrafts 29.506 46,458 18. Analysis of charltablo fund$ unrestn.ctèd funds At 31 March 20 23 At 1 Apni 2022 Income Expendiwre General funds 127,820 322,446 {301,406) 148,860 At 31 March 20 At 1 April 2021 Incorne Expenditu General funds 102.704 258.576 (233,460) 127,820 16
Hope and a Future Company Limitsd by Guarantee Notes to the Financial Statements (eoRlinued) Year ended 31 March 2023 18. Analysis of charitsble funds (¢ontuJuedJ Restrictsd funds At 31 March 20 23 At 1 April 2022 Income Expenditure Restrtcted Fund 1- des¢ in al¢s 8,068 8,068 At 31 March 20 At 1 Apnl 2021 Income Expenditure ReslriGted Fund 1- de iIi alcs 8,068 8,068 19. Analysls of changes In net debt At Al 1 Apr 2022 Cash nows 31 Mar 2023 Cash at bank and in hand Debt due wthin one year Debt due after one year 44,436 119.533) (46.458) (21.555) 19,546 63.982 119,533} 129.506) 14,943 16,952 36,498 17