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 prePa￿d 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 MeaSu￿d 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