Charity registration number.. 102698 Hope 4 U Foundation Annual Report and Financial Statements foT the Year Ended 31 December 2022 Thornas Oliver and Associates Limited Certified Public Accountant ashel Mills Park Dungannon Co Tyrone BT717DH Hope 4 U Foundation Contents (continued) Reference and Admintstrative Detatls T￿steeS, Report 2to4 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements Ioto 18 Hope 4 U Foundation Reference and Administrative Details Trustees Mr Colin Cooper Mrs Linda McLaughlin MTS Lorna Jameson Mr Len Keys Mr Fred Maxwell Mr David Kimber Mrs Helen mo￿oW Charity Registration Number 102698 Principal Office Courthouse Clogh¢r 49 Main Street Clogher Co Tyrone BT76 OAA Independent Examiner Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I Hope 4 U Foundation Trustees, Report The trustees PTesent the annual report together with the financial statements of the charity for the year ended 31 December 2022. Objectives and activities Objects and aims The objects of the Foundation are as set out in the trust deed:. l Assisting people (without prejudice to any) who ore in need or are suffering hardship because of their social, personal or economic circumstances including (though not by way of limitation) through the provisions of social care, such as advice, counselling and childcare the provision or use of items of basic necessity the provision of help and advice to persons in need in relation to debt and personal financial management, welfare benefits, accommodation and homelessness and similar matters. promoting the preservation and protection of health and particularly (though not by way of limitation) to provide advice and education into the dangers of drug, alcohol or other substance addition or abuse promoting the rehabilitation of persons affected by drug, alcohol or other substance addiction or abuse relieving person5 who are experiencing mental or emotional suffering and to relieve distress associated therewith, including by means of providing advice, Counsel, assistance and support to such persons the provision of spiritual help, support , advice, education. personal prayer and encouragement in relation to any of the above or othenvise. 2 The advancement of the Christian faith including ( though not by the way of limitation) through the provision of places of WOTship 3 The provision of recTeational and community facilities in the interests of social welfare and cohesion Publlc benefil The foundation operates a cornmunity Christian Outreach Centre b&sed in the old Courthouse building in Clogher, serving th¢ community of the wider Clogher Valley area. Our core activities during the first two months of the year were Providing a community meeting place where locals can relax, enjoy food and social engagement, in a coffee shop environment Providing welfare services through the provision of cooked meals at significantly reduced prices to individualslfamilies in times of crisis and in severe fmancial need. Providing free food to individualslfamilies in particular times of crisis or need. Hosting a fortnightly Men's bible study and fellowship group Providing a space for young adults (18 +) to socialise in an environment free from alcohol or drugs Providinu a free parent and toddler group and a club for prirnary school children and a new group for retirees Providing pastoral care (and onward referral for professional helplcounselling where appropriate) for those suffering frorn drug and alcohol abuse, relationship breakdown, anxiety, depression and suicidal thoughts The coffee shop opening a￿angeMentS established on re-opening post-covid were retained in 2022. Footfall remained well below pre-pandemic levels, although it gradually improved over the year. It contnued to prove a vital neutral space for the local community. both in tenns of somewhere to socialise and also acting a5 an access point to the other services the Charity provides. Page 2 Hope 4 U Foundation Trustees, Report (continued) The new 'Hope Centre, (renovated publlounge adjoining the Courthouse) is a very practical and adaptable space, enabling the trustees to launch new community services such as a new group for retirees, as mentioned below. The provisioT] of free foodlvouchers to individuals/families in need continued to be a very important aspect of the charity's work in 2022, with the volumes involved increasing by over 500/0 year on year. The beneficiaries and how they benefited from the Core aetivities{as listed above) The community meeting spacelcoffee shop was open on Thursdays and Fridays. and in addition it w&s rnanned for a minimum of a fiffther two days per week which enabled the cornmunity to access the other services. It continues to be used as a social meeting place by the entire community irrespective of age group, gender, social status or religious background. There is seating capacity for approx. 50 people. It continues to provide the older generation in the local rural community with a neutral meeting place where they can meet up with neighbours and friends in a relaxed atmosphere. During the year free food and food vouchers to the value of approx. £ 14,000 was distributed to families in need in the local community. The demand foT the in-house professional counselltng service remained high- The counsellor has appointsnents for a full day every week. Recipients (of all ages) received help with issue5 such as addictions. anxiety, depression, relationship breakdo15￿ and loss. The new Hope Centre is a modern, warni and comfortable space for the newly launched (ryoup for retirees. This group which meets monthly, is provided with a free J-COUTse lunch followed by a short programme featuring relevant topics such as home & fire security, maximising state benefits etc. At Christmas. the charity distributed approx. 50 free hampers in the community, focustng on the elderly, the isolated or thos¢ strugtslino with wider 'life issue5'. Sorne of these were in response to referrals from local SocTal Workers. A special community event called the 'Hope of Christmas. ran over a weekend at the start of December. It provided a free nitsht out for families, and featured drama scenes depictints the Christmas story, live anima15, festive food and fun activities for the childr¢n. Over 350 people frorn the local community attended over the weekend. Restrictions on Ivho could benefit There were no restrictions as to who could benefit frorn the charity's services during the year. Promotion of the community food programrne was obviously targeted towards lower income farnilie5 and those in associated financial need, however there were no restrictions as to who could benefit. Mitigation re harm flowing from Chgrity's purposes Our staff are trained and monitored against the food hygiene standards as documented in the 'Safe Catering Plan, published by the Food StandaTds Agency. This mitigates any potential harni which could arise from the provision of food to the public as part of the Foundation's purposes. Our adherence to these standards 15 also Monitored by the local Environmental Health Dept. Our current food hygiene rating given by Environmental Health following our last inspection was a '5, _ the highest rating available. Private benefit Page 3 Hope 4 U Foundation Trustees, Report (continued) One of the trusiees. Len Keys provides management consultan¢v sernices to the Foundation on a self-employed basis. and because he is supportive of ihe objectives of Ehe charitv. he provides his 5ervic¢s far below commercial rates. T]ie private benefii is onlv in¢idental as his services are absolutely vital to the foundation being able to achieve it's objectives. He has approx. ?Ovrs Manauement experience in various senior roles w'ith a high street bank. The services he provides for the foundation includes.. dav to dav managemeni of staff. payroll: stock control, ordering supplies. managinu maintenance of the buildino & equipment. adherence to food Safe￿ & environmental health standards. and ¢nsurinu all local authority & re(fulatory requirements are adhered to. None of the trustees receive any remunerarion for ihe dischartte of their dutie5 as trustees. Compliance with the Commission's guidante on public benefit In selling our objectii'es and plannints our activities for the year endints i Isi Dec ?0?? the tru51ees have given careful consideration to the ChariTh, Commission for N'orthern Ireland's giiidan¢e on public benefit to ensure the activiiies have helped to achieve the eharits s purpose5 and prol'ide a benefit ro the benefieiaries The annual report was approved by the trustees of the Charity on ?9 Ortober ?024 and signed on its behalf by: Ir Len Key Trustee Mr Fred .Ilaxii'ell Trustee Hope 4 U Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparin¢F the trnstees, report and the financial statements in accordance ivith the United Kinadom Ac¢ounting Standards IL.nited Kinodom Generally Accepted Accounting Praciicel and applicable law and reeulations. The law applicable lo ¢harities requires the trustees to prepare financial statements for each financial vear which give a true and fair vielv of the state of affairs of the charity and of the incomintr resources 2nd applic81ion of resources of the cliarirn, for that period. In preparing these financial slat¢ments, the tThszees are required to-. select suitable accounting policies and then apply them ¢onsistently' observe the mediods and principles in die Charities SORP- make judgements and estimaies thai are reasonable and prudent- state ￿hether applicable accouniiniO 6.li7 ?5,488 ?0,80) Creditors: Amount5 fallintr due within one year Net current liabilities 16 {)), j6?) 1-,6.618) 18.074) Ili.8151 Total assets less eurrent liabilities J40,10? J J?.7 j6 Creditors: Amounts fallinu due after more than one )'e8r l¥et assets 17 118?64} (?5.7641 J?1.8j8 J06,992 Funds ofthe eharity: R¢strieted ineome funds Restricied funds Llnrestricted income funds Unrestricted funds J20.6i I )06.991 Total funds 18 JOG.991 The financial 5tatement5 on patses 7 to 18 were approved by the ttwstees: and authorised for issue on ?9 Oaober ?0?4 and sicned on Iheir behalf bv.. Mr Len Ke Trustee N4r Fred Mamvell Trustee The notes on pages l O to 18 fonn an intetsral part of these financial siatements. Patse 9 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 l Accounting policies Statement of complian¢¢ The f￿ancial 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) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008. Basis of preparation Hope 4 U Foundation rneets the definition of a public benefit entlty under FRS 102. The accounts (f￿ancIal statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going eoncern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowment$ Voluntary incom¢ including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the incom¢ will be received and the amount can be measured with sufficient reliability. Donailons and legaci Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Granfs recelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where peTforniance conditions are attached to the grant and are yet to be met, the income is re¢ognised as a liability and included on the balance sheet as defeRTed income to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with centrdl staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allocated based on the spread of staff costs. Rauingfunds These are costs InCu￿ed in attracting voluntary income, the rnanagement of investments and those incurred in trading activities that raise funds. Page 10 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutiOT]al and statutory requiTements, including audit, strategic management and trustees meetings and reirnbuTsed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Act 2010 OT Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to Charitable purposes. Tangible fixed assets Individual fixed assets Costing £150.00 or more are initially recorded at cost, less any subsequent accurnulated depreciation and subsequ¢nt accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so &$ to MTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows- Stock Stock is valued at the lower of c05t and estirnated selling price less costs to Complete and sell, after due regard for obsolete and slow rnoving stocks. Cost is determined using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or Services perfornied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impainnent. A provision for the impainnent of trade debtors is established when there is objective evidence that the charity will not be abl¢ to collect all amounts due according to the original tern]s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 11 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortl5ed cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being re¢ognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Tnterest expense is Tecognised on the basis of the effective interest method and is included in interest payable and similar charges. BO￿OWingS are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after th¢ reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies. Donations from individuals Gift aid reclaimed 76,302 23.712 76,302 23,712 Total for 2022 100,014 100,014 Total for 2021 119,965 119,965 3 Income from other trading aetivities Unrestricted fund5 General Restrieted funds Total funds Trading income. Coffee shop sale5 Other income from other trading activities Total for 2022 40.750 36,759 40,750 51,659 14,900 77,509 14,900 92,409 Total for 2021 58,718 8,231 66,949 Page 12 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 4 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Restrieted funds Total funds Note Costs of goods sold Marketing and publicity Depreciation. amortisation and other similar cost5 Other diTect costs of activities for generating funds Allocated support costs Total for 2022 21,679 6,421 22,719 39,835 484 21,679 6,421 22,719 53,528 484 13,693 91.138 13,693 104,831 Total for 2021 57,643 12,936 70,579 b) Investment management costs Unrestricted funds General Total funds Note Total for 2022 Total for 2021 710 710 Total costs S Expenditure on charitsble activities Unrestricted funds General Total funds Note Governance costs 1,013 1.013 Total for 2021 1,242 1,242 Page 13 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (contlnued) Total expenditure 6 Analysis of governanee and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examinatior] of the financial statements Legal fees 516 497 516 497 Total for 2022 1,013 1.013 Total for 2021 1,242 1,242 7 Net ineomingloutgoing resources Net incoming resources for the year include: 2022 2021 Depreciation of fixed assets Finance charges payable 22,719 792 18,832 710 8 Trustees remuneration and expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have receiv¢d any reimbuT5ed expenses or any other benefits frorn the charity during the year. Page 14 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 9 Staff costs The aggregate payroll costs were as follows: 2022 2021 Staff costs during the year were: Wages and salaries Other staff costs 49,141 21,800 58,139 6,791 70,941 64,930 The monthly average number of persons (including senior mallagement I leadership team) employed by the charity during the year expr¢ssed as full time equivalents was as follows: 2022 No 2021 Support staff No employee received emoluments of more than £60,000 during the year 10 Independent examiner's remuneration 2022 2021 Examination of the financial statements 516 684 I l Taxation The charity is a registered charity and is therefore exempt from taxation. Page 15 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 12 Tangible fjxed asset5 Land and buildings Furniture and equipment Total Cost At l January 2022 Additions 423,002 13,995 34.687 8,329 457.689 22,324 At 31 December 2022 436,997 43.016 480,013 Depreciation At l January 2022 Charge for the year 93,837 17,480 15,281 5,239 109,118 22.719 At 31 December 2022 111,317 20,520 131,8J7 Net book value At 31 December 2022 325.680 22,496 348,176 At 31 December 2021 )29,165 19,406 348,571 13 Stock 2022 2021 Stocks 375 510 14 Debtors 2022 2021 Other debtors 16.)63 14,li6 15 Cash and cash equivalents 2022 2021 Cash on hand Cash at bank 574 7,976 524 5,633 8,550 6,157 Page 16 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 16 Creditors: amounts falling due within one year 2022 2021 Bank loans Other loans Other taxation and social security Other creditors Accrua15 7,986 25,000 (746) 212 1,110 7.986 25.000 2.203 271 1,158 36,618 17 Creditors: amounts falling due after one year 2022 2021 Bank loans 18,264 25,764 18 Funds Balance at 31 December 2022 Balance at I January 2022 Incoming resources Resources expended Unrestricted funds General 306,992 177.523 (163,884) 320,631 Restricted funds 14,900 ( l J,693) 1,207 Total funds 306,992 192,423 (177,577) 321,838 Balance at 31 Decernber 2021 Balanee at I January 2021 Incoming resources Resources expended Transfers Unrestricted fund5 General 252,223 178,683 (124,525) (12,936) 610 306,991 Restricted funds 5,315 8.231 (610) Total fund5 257,538 186,914 (137,461) 306,991 Page 17 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 19 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2022 Tangible fixed assets Current assets Current liabilities Creditors over l year 348,176 25,488 (3i,562) (18,264) 321,838 348,176 25.488 (33,562) (18.264) Total net assets 321.838 Unrestrieted funds General Total funds at 31 December 2021 Tangible fixed assets Cu￿ent assets Cu￿ent liabilities Creditors over l y¢ar 348,571 20,803 (36,618) (25,764) 306,992 348,571 20,803 (36,618) (25,764) Total net assets 306,992 20 Analysis of net fund$ At31 De¢eTnber 2022 At l January 2022 Finaneing cash flows Cash at bank and in hand 6.157 2,i93 8,550 Net debt 6,157 2.393 8,550 Page 18