Hope House (HH) Statement of Financial Activities (incorporating the Income and Expenditure Account) For the Year Ended 31 May 2024 Unrestrict ed funds Restrirted funds Total 2024 Total 2023 Note Income from: Donations Bank interest 9,284 9,284 7,157 Total in¢ome 9,284 9,284 7,157 Expenditure on: Charitable activities Support & Governance costs 6,234 6,234 4,143 Total expenditure 6.234 6,234 4.143 Net surplus for the year 3.050 3.050 3,014 Transfers between funds Net movement in fvnds 3,050 3,050 3,014 Reconclliation of funds: Total funds brought forward 45,547 45,547 42,533 Fund balances at 31 May 2021 48,597 48,597 45,547 The statement of financial artivities includes all gains and losses recognised in the year. All income and expenditure dertve from continuing activities. The statement of financial artNities also complies with the requirements for an income and expenditure account under the Companie5 Act 2006.
Hope House {HH) Balance Sheet For the Year Ended 31 May 2024 2024 2023 Note Fixed assets Tangible assets 71,191 71,534 71,191 71,534 Current assets Debtors Cash at bank and in hand 12,718 14,301 12,718 14.301 Creditors: amounts fallin8 due within one year (312) 1288) Net current assets 12,406 14,013 Creditors: amounts falllng due after one year: Loans {35,000) (40,0001 Total assets less current Ilablllties 48,597 45,547 Income funds Unrestricted funds Restricted funds 48,597 45,547 Total charity funds 48,597 45.547 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 for the year ended 31 May 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements ofthe Companies Act 21)06. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 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 wTrth the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts 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 2024 The financial statements were approved and authorised for issue by the Board on 12 November 2024. Signed on behaEf of the board oftrustees N Brabham Trustee Company Re8iStration No. N1624483 10
Hope House {HH) Notes to the Financial Statements For the Year Ended 31 May 2024 Summary of signtficant accounting policie5 (a) General information and basis of preparation Hope House IHHI Is a private company limited by 8uarantee, 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 benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 {as updated through Update Bulletin I published on 2 February 20161. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act (Northem Ireland) 20)8, the Companies Art 2006 and UK Generally Accepted Accounting Practice. The charity has applied Update Bulletit) l as published on 2 February 2016 and does not include a ¢ash flow statement on the grounds that it Is applying FRS 102 Section IA. The financial statements are prePad on a going concem 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 currenry of the charity and rounded to the nearest £. The significant accountlng polScles 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. (b) Funds Unrestrirted funds are available for use at the discretion of the trustees In furtherance of the general objectives of the charity and which have not 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. Restrlcted funds are funds which are to be used In accordance with speciflc 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 restrirted fund is set out in the note5 to the financlal statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performan condition5 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 gtfts and is included in the full Statement of Financial Activities when recetvable. Grants. where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes uncondÈtionally entitled to the grant. Donated facilities and donated professional services are recogni5ed in income at their fair value when their economic benefit is probable. it can be measured reliably. and the charity has control over the item. Fair value is determined on the basis of the value of the Biftto the charity. For example, the 11
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2024 amount the charity would be willing to pay in the open market for such facilities and seNices. A corresponding amount is recognised in expendtture. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102}. Further detail is given in the Trustees. Annual Report. Income derived from events is recognised as earned (that is. as the related good5 or services are provided). Investment income is included when recetvable. Income from charitable artivities includes Income recognised as earned {as the related goods or services are provided) under contratt or where entitlement to 8rant fundlng is subject specific performance conditions. Grant income included in this category provides funding to SUPPQrt programme activities and 15 recognised where there is entitlement, probable recelpt and the amount can be MeaSud with sufficient reliability. {dl Expendtture recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, It is probable that the settlement will be required, and the amount of the obli8atlon 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 items not falling into the categories above. Irrecoverable VAT is char8ed as an expense agalnst the artivity for which expenditure arose. (el Support costs all¢Kation Support costs are those that asslst the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrattve payroll costs. They are incurred directly in support 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 expendtture 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 charitsble activities. (n Tangible fixed assets Tangible fixed assets, other than freehold land & buildings. are stated at cost {or deemed cost) or valuation le55 accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed a55et5, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: 12
Hope House (HH) Notes to the Financial Statements For the Year Ended 31 May 2024 Fixtures and fittings Computer equipment 20% per annum reducing balance 20% per annum reducing balance Ig) Debtors and creditors recetvable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transartion price. Any losses arisin8 from impairment are recognised in expenditure. {h) Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. (i) Impalmient 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 assevs cash generating unit, is estimated and compared to the carryin8 amount. Where the carryin8 amount exceeds its recoverable amount, an impaimient loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. ti) Provisions Provisions are recognised 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. (k) Leases Assets acquired underfinance leases are capitalised and depreciated overthe shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduttion of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges. are included in creditors. Renta15 payable and receivable under operating leases are charged to the SOFA on a straight-line basis 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 charitable company for UK corporation tax purposes. (m) Golng concern The financial 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 months 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 as a going concern. 13
Hope House (HH) Notes to the Financial Ststements For the Year Ended 31 May 2024 Support & governance costs Unrestritted Restrirted 2024 2023 Advertising Insurance Light & heat Repairs and maintenance Telephone Training Printin& postage. stationery Accountancy Bank charges and interest Sundry expenses Depreciation on computer equipment Depreclation on office equipment 1.072 2,145 1,018 636 1,072 2,145 1,018 636 900 539 465 624 174 312 63 638 24 312 312 60 648 20 323 648 20 323 6,234 6,234 4,143 Tangible fixed assets Land & buildings freehold Computer equipment Fixtures, furniture & fittin8S Total Cost: At l June 2023 Additions Disposals 69,822 299 4,925 75,046 At 31 May 2024 69,822 299 4,925 75,046 Depreciation.. At l June 2023 Charge forthe year On Disposal 201 20 3,311 323 3,512 343 At 31 May 2024 221 3.634 3.855 Net bookvalue: At 31 May 2023 78 At 31 May 2022 98 14
Hope House {HH) Notes to the Financial Statements For the Year Ended 31 May 2024 Debtors 2024 2023 Other debtors Creditors.. amounts falllng due within one year 2024 2023 Accruals and deferred income 312 288 312 288 Unrestrfrted funds Balance at 2023 Income Expenditure Transfers Balance at 2024 General funds 45,547 9,284 16,2341 48,597 45.547 9,284 {6,2341 48,597 Trustees None of the trustees (or any person connected with them} received any remuneration or benefits from the charity duringtheyear. Taxatton No corporation tax has been provided in these accounts because the income of the charity is within the exemption granted by Sertion 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 2024 io Related party transactions There were no related party transattions during the year, 16