Hope House (HH) Statement of Financial Activities (incorporating the Income and Expenditure Account) For the Year Ended 31 May 2023 Unrestrict ed funds Restricted funds Total 2023 Total 2022 Income from: Donations Bank interest 7,157 7,157 2,325 Total Income 7,157 7,157 2,325 Expenditure on: Charitable activities Support & Governance costs 4,143 4,143 2.752 Total expenditure 4.143 4,143 2,752 Net deficitlsurplus for the year 3,014 3.014 {4271 Transfers between funds Net movement in fund5 3.014 3,014 {427) Reconciliation of funds: Total funds brought forward 42,533 42,533 42,960 Fund balances at 31 May 2021 45,547 45,547 42,533 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an incorne and expenditure account underthe Companies Act 2006.
Hope House (HH) Balance Sheet For the Year Ended 31 May 2023 2023 2022 te Fixed assets Tangible assets 71,534 71,962 71,534 71,962 Current assets Debtors Cash at bank and in hand 14,301 10,787 14,301 10.787 Credltors: amounts falling due within one year (288) {2161 Net current assets 14,013 10,571 Creditors: amounts falllng due after one year: Loans {40,0001 (40.0001 Total assets less current liabilities 45,547 42,533 Income funds Unrestricted funds Restricted funds 45,547 42,533 Total charity funds 45,547 42,533 The company is entitled to the exemption from the audit requirement contained in sertion 477 of the Companies Act 2006 for the year ended 31 May 2023. No member of the company has depostted a notice, pursuant to section 476, requiring an audit of these accounts underthe requirements of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with sertion 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources. including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 lating to accounts, so far as applicable to the company. These account5 have been prepared in accordance with the provisions applicable to companies. subject to the small companies. regime.
Hope House (HH) Balance Sheet For the Year Ended 31 May 2023 The financial statements were approved and authorised for issue by the Board on 3 Ottober 2023. Signed on behalf of the board of trustee5 N Brabham Trustee Company Registration No. N1624483 10
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2023 Summary of significant accounting policies la) General information and basis of preparation Hope House IHH) is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 12 Florida Drive, Belfast, BT6 8EX. The charity constitutes a public benefrt entity as defined by FRS 102. The ff nancial Statements have been prepared in accordance wrth Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 102} issued on 16 July 2014 las updated through Update Bulletin I published on 2 February 20161, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021, the Charities Act (Northern Ireland) 2LKI8, the Companies Act 2006 and UK Generally Accepted Accounting Prartice. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is appEying FRS 102 Section I The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. {bl Funds Unrestricted funds are avallable for use at the discretion of the trtsstees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestrirted 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 restrlctions imposed by donors or 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. (c) Income recognition All incoming resources are included in the Statement of Financial Activtties {SoFAI when the charity is legallv entitled to the income after any perfomance conditions have been met. the amount can be measured reliably, and it is probable that the income will be received. Voluntary income is received by way of grants, donations and gifts and is included in the fijll Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. Donated facilitie5 and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured lIablY. and the charity ha5 control overthe item. Fair value is determined on the basis of the value of the gift to the charity. For example. the
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2023 amount the charity would be willing to pay in the open market for such facilÉties and services. A corresponding amount Is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP {FRS 102). Further detail is given in the Tnjstees. Annual Report. Income derived from events is recognised as earned (that 15, as the related goi)ds or serViS are provided). Investment income is included when receivable. Income from charitable artivities includes income recognised as earned las the related goods or services are provided) under contract or where entitlement to grant funding is subject Specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, probable receipt and the amount can be measured with sufficient reliability. Id) Expendlture recognltion All expenditure is accounted for on an accruals basis and has been classified under headings that a88regate all costs related to the category. Expenditure 15 recognised where there is a legal or constructive obligation to make payrnents to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings- Costs of raising funds- Expenditure on charitable activities includes- and Other expenditure represents those rtems not falling into the categories above. Irrecoverable VAT 15 charged as an expense against the actlvity for which expenditure arose. (e) Support costs allocation Support costs are those that assist the work of the charity but do not dirertly represent charitable activitie5 and include office costs, governan costs, administrative payroll costs. They are incurred directly in sUPPQrt of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. {fj Tangible fixed assets Tangible fixed assets, other than freehold land & buildings. are stated at cost {or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs direttly attributable to making the asset capable of operatin8 as intended. Depreciation Is provided on all tangible fixed a55ets. at rote5 calculated to write off the ¢0st, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures and fittings Computer equipment 20% per annum reducing balan 20% per annum reducing balan 12
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2023 (g) Debtors and creditors recelvable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising frorn impairment are recognised in expenditure. Ih) Loans and borrowings Loans and borrowings are initialty recognised at the transartion price including transaction costs. Subsequently. they are measured at amortised cost using the effertive interest rate method, less impairment. If an arrangement constitutes a finance transaction it is rneasured at present value. (i) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists. the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at 3 revalued amount where the impairment loss is a revaluation decrease. ti) Provlslons Provisions are reco8nSsed when the charity has an obligation at the balance sheet date as a result of a past event, it Is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Ik) Leases Assets acquired underfinance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operatin8 lease5 are charged to the SOFA on a straight-line basi5 over the period of the lease. (l) Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. (m) Going concern The financlal statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 month5 from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue a5 a going concern. 13
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2023 Support & governano costs Unrestricted Restricted 2023 2022 Advertising Insurance Light & heat Repairs and maintenance Telephone Training Printing, postage, stationery Accountancy Bank charges and interest Sundry expenses Depreciation on computer equipment Depreciation on office equipment 900 539 465 624 900 539 465 624 860 94 67 537 174 312 63 638 24 174 312 63 638 24 404 19 216 30 394 31 5¢)4 4,143 4,143 2.752 Tangible fixed assets Land & buildin85 freehold Computer equipment Flxtures, furniture & fittings Total Cost: At l June 2022 Additions Disposals 69.822 299 4.925 75,046 At 31 May 2023 69,822 299 4.925 75,046 Depreciation: At ljune 2022 Charge for the year On Disposal 177 24 2,907 3.084 428 At 31 May 2023 201 3.311 3.512 Net book value- At 31 May 2023 98 At 31 May 2022 122 14
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2023 Debtors 2023 2022 Other debtors Credltors: amounts falling due withln one year 2023 2022 Accruals and deferred Income 288 216 288 216 Unrertrlcted funds Balance at 2022 Income Expenditure Transfers Balance at 2023 General funds 42,533 7.157 (4,1431 45,547 42,533 7,157 (4.143) 45,547 Trustees None of the trustees lor any person connected with them) received any remuneration or benefits from the charity during the year. Taxatlon No corporation tax has been provided in these accounts because the income of the charity is within the exemption granted by Section 505 of the Income and Corporation Taxes Act 1988. Company limited by guarantee The company is limited by guarantee. The liability of each member is limited to £1 each. 15
Hope House {HH) Notes to the Financial Statements For the Year Ended 31 May 2023 io Related party transactions There were no related party transactions during the year. 16