Charity registration number.. 102698 Hope 4 U Foundation Annual Report and Financial Statements for the Year Ended 31 December 2023 Thomas Oliver and Associates Litnited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Hope 4 U Foundation Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Ststements Ioto 19
Hope 4 U Foundation Reference and Administrative Details Trustees Mr Colin Cooper Mrs Linda McLaughlin Mrs Lorna Jameson Mr Len Keys Mr Fred MWell Mrs Helen Morrow Charity Registration Number 102698 Principal Office Courthouse ClogheT 49 Main Street Clogher Co Tyrone B T76 OAA Independent Examiner Thomas Ollver and Associates Limited Certified Publi¢ Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I
Hope 4 U Foundation Trustees, Report The trustees present the annual report tog¢ther with the financial statements of the charity for the year ¢nded 31 December 2023. Objectives 2nd 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 are in need or are sufferino 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 it¢ms 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 persons who are experiencing mental or emotional suffering and to relieve distress associated therewith, including by means of providing advice, counsel, assTStance and support to such persons the provision of spiritual help. support , advice. education, personal prayer and encouragement in relation to any of the above OT Otherwise. 2 The advancement of the Christian faith including ( though not by the way of limitation) through the provision of places of worship 3 The provision of recreational and community facilities in the interests of social welfare and cohesion Public benefil The foundation operates a comrnunity Christian Outreach Centre based in the old Courthouse building in Clogher, serving the 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 individualslfamili¢s in times of crisis and in severe financial need. Providing free food to individualsjfamilies in particular tirnes 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 Providing a free parent and toddl¢r group, a club for primary school children and a group for retirees Providing pastordl care (and onward referral for professional helplcounselling where appropriate) for those suffering from drug and alcohol abuse, relationship breakdown, anxiety, depre55ion ana suicidal thoughts The provision of free foodlvouchers to individualslfamilies in need continued to be a very important aspect of the charity's work. The 'cost of living crisis, replaced covid as the key contributory factor to financial hardship Page 2
Hope 4 U Foundation Trustees, Report (continued) The coffee shop continued to prove a vital neutral space foT the local community. both in ternis of somewheTe to socialise and also acting as an access point to the other services the ¢harity provides. Price rises in the coffee shop were kept to a minimum and the associated costs were absorbed by the charity in an effort to continue to provide reasonably priced food for the local community. This was a deliberate decision by the trustees, as increased prices in the coffee shop would have prevented some families from bringing their children in, which in turn increases social isolation, mental health issues etc The benefieiaries and how they benefited from the Core activities(as listed above) The community meeting space/coffee shop was open on Thursdays and Fridays, and in addition it was manned for a minimum of a further two days per week which enabled the community 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 PTovide 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 voucheTS to the value of approx. £ 12,000 was distributed to families in need in the local comrnunity. The demand foi the in-house professional counselling service remained high. The counsellor had appointments for a full day every week, and later in the year a second coun5ellor was introduced to handle some of the referrals. Recipients (of all ages) recelved help with issues such as addictions, anxiety. depression, relationship breakdown and loss. The charity receives counselling referrals through a number of agencies as the waiting times are only a fraction of those in the NHS. A number of different schools(from both sectors) refer children to the counsellors The new group for retirees launched in 2022, is now well established, with a consistent attendance of 45-50 every month, from all sections of the community. The free 3-course lunch ensures that those who live alone get a nutritious meal, as many of them admit to not cooking much when they live alone. The short programme afterwards helps inforni them of important practical issues such as telephone scams, maintaining physical & mental health etc At Christmas, the charity distributed approx. 50 free hampers in the community, focusing on the elderly, the isolated or those struggling with wider 'life i55ues'. Some of these were in response to referrals frorn local Social Workers. A number of special community events were hosted during the year. this included a free family night and the now annual pre-christmas event called the 'Hope of Christmas.. Both of these events attracted over 350 people from the local comTnunity and the fact that everything was free was greatly appreciated by parents who were already feeling the impact of the 'cost of living crisis.. A new 8 week addictTon course was introduced in Q4, for those struggling with alcohol and dNg addiction. This provided practical help in identifying. understanding and fighting addiction. Restrictions on who could benefit There were no restrictions as to who could benefit from the charity's services during the year. Promotion of the community food programme was obviously targeted towards lower income families and those in associated financial need. however there weTe no restrictions as to who could benefit. Mitigation re harm flowing from Charity's purposes Page 3
Hope 4 U Foundation Trustees. Report (continued) oiene standards as documented in the 'Safe Caterin2 Plan Our staff are trained and monitored against the food hy? published b! the Food Standards Agencv. This rnititsates any potential harni i¥'hich 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 bv the local Environmenral Health Dept. Our current food h4]ent rating given by Environmental Health iolloii'in(T our last inspection was a .5. _ the highest rating available. Private benefjt One of the trustees. Len Leys provides management consultancv services to Ihe Foundation on a self-employed basis. and because h¢ is supportive of the objectives of the charits,, he provides his services far below commercial rates. The private benefit is onlv incidental as his services 2re absolutely vital to the foundation bein(7 able io achieve it-s objecrives. He hag approx. 20yrs Management experience in various senior roles with a high street bank. The services he provides for "the foundation includes: dav to day manaoement of siaff. pavroll. stock eontrol. orderino supplies. managints maintenance of the building & equipment. adherence lo food safeTh, & environmental health staT]dards, and ensuring all local authority & re¢yulatory' requirements are adhered to. N'one of the trusrees receive any remuneration for the dischartre of tlieir duties as trustee5. Compllance with the Commission's ¢Juidance on public benefit In setting our objective5 and plannina our activities for Ihe year ending Jlst Dec 202J: the tru5lees have oiven ¢8reful consideration to the Charitv Commission for North¢rn Ireland's guidance on publi¢ benefit to ensure the activities have helped to achieve the chariry""s purposes and provide a benefit to The belleficiaries The annual report wa5 approved by the tnisiees of the charity on ?9 October ?0?4 and signed on its behalf by.. r Len Kevs Trustee r Fred Maxii'ell Trustee Page 4
Hope 4 U Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparing the tnistees. report and the financial statements in accordance with the Llniied kingdom Accounting Scandards (Linited Kinodom Generally .4ccepted Accountino Pra¢ti¢el and applicable lam. and reulatiOns. The laiy applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair viem, of the state of affairs of the Charl and of the incoming resources and appli¢aiion of resources of the ¢hariry for that period. In preparing t]iese fiiiancial statements, the trustees are required to= select suitable aecounring policie5 and then apply them consistently- observe Ihe methods and principles in ihe Charities SORP: make jud. oemenls and estimates thot are reasonable and prudent- Slate whether applicable accounting standard5 have been followed: subject to anv material departures dis¢losed and explained in the fiftancial statements. and prepare the financial slatemenrs on ihe ?oing concern basi5 unless it is inappropriate lo presume that the Charity 'ill continue in busines5. Tlie trustees are responsible for Leepino proper accounzing rectsrds that disclose ti'ith reasonable accuracv at anv time rhe financial position of the eharirrf and enable them to ensure that the financial statements comply ivith the Charities Act (Northern Ireland) ?008, the applicable Chariti¢s (Accounis and Reports) Reuulations. and the provisions of the constitution. The Mstees are also responsible for safeouardino the se[S of the Charity and hence for takina reasonable steps for the Prlent70n and detection of fraud and other IellIar$iies. Tlie trustees are responsible for the mainrenance and integrity of the corporate and financial information included on the charitable ¢ompanTr's EbsIte. Legislation goven)ing the preparation and dissemination of financial statements may differ From legislation in other jurisdiciions. Approved by the trustees of the charity on 29 October ?0?4 and signed on its behalf by.. Mr Len ¢.5 Trustee Mr Fred Maxwell Trustee
Hope 4 U Foundation Independent Examiner's Report to the trustees of Hope 4 U Foundation report to the trustees on my examination of the accounts of Hope 4 U Foundation for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of Hope 4 U Foundation you are responsible for the prepaTation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It 15 my responsibility to examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act state whether particulaT matters have come to my attention Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charities Comrnission for Northern Ireland under section 65 (9){b) of the Charities Act. My examination included the review of the accounting Tecords kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have corne to my attentions giving me cause to believe'.- l That accounting records were not kept in accordance with section 63 of the Charities Act 2 That the accounts do not accord with those accounting records 3 That the accounts do not Cotnply with the accounting requirements of the Charities Act 4 That there is further inforniation n¢eded for a proper UT]derstanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection wtth the following Directions of the Charity Comrnission for Northem Ireland, I have found no matters that require drawing to your attention. Thomas-oliver and Associates Limited Certified Public Accountant l Moyoashel Mills Park Dungannon Co Tyrone BT717DH 29 October 2024 Page 6
Hope 4 U Foundation Statement of Financial Activities for the Year Ended 31 December 2023 Unrestricted funds Restrieted funds Total 2023 Note Income and Endowments from: Donations and legacies Other trading activities Other income 301,934 21,689 752 301,934 34,214 752 12,525 Total income 324,375 12,525 336,900 Expenditure on.. Raising funds Charitable activities (146,872) (1,378) (13,104) (159,976) (1.378) Total expenditure (148,250) (13.104) (161,354) Net income/(expenditure) Net movement in funds 176,125 {579) 175.546 176,125 (579) 175,546 Reconciliation of funds Total funds brought forward 320,630 1,207 321,837 Total funds carried forward 19 496.755 Unrestricted funds 628 Restricted funds 497,383 Total 2022 Note Income and Endowments from: Donations and legacies Other trading activities 100,014 77,509 100,014 92,409 14,900 Total income 177.523 14,900 192,423 Expenditure on: Raising funds ChaTltable activities (162,871) (1,013) (13.693) (176,564) (1,013} Total expenditure Net income (163,884) (13,693) (177,577) 13,639 1.207 14.846 Net movernent in funds 13,639 1,207 14,846 Reconciliation of funds Total funds brought forward Total funds carried fonvard 306,992 306,992 19 320.631 1.207 321,838 The notes on pages l O to 19 forn] an integral part of these financial statements. Page 7
Hope 4 U Foundation Statement of Financial Activities for the Year Ended 31 December 2023 (continued) All of the charity's activities d¢rive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 19. The notes on pages l O to 19 fonn an integral part of these financial staternents. Page 8
Hope 4 U Foundation (Registration number. 102698) BaIance Sheet as at 31 Deceniber 2023 2023 2022 'ote Fixed assets Tgngible assets J?6,7)1 J48.176 Current assets Stocks Debtors Cash at bank and in hand l4 15 16 450 6.Oi4 ?09,OJJ 8.iio ?15.517 ? j,488 Creditors: Amounts fallino due within one year Il'et current assetsloiabilities) Tot21 assets less current liabilsties 17 (J? 811) lii, j6?) 18?,706 i09.4)7 J40.102 Creditors: Amounts falling due after more than one year 18 {1?.054) (18.?64) let 3ssets 497.J8i Funds of the ehgrity: Restricted ineome funds Restricted funds 6?8 1.207 Unrestrieted income funds Unrestrict¢d funds 496,7)5 J?0.6) I Total funds 19 497,i8) j?1,8J8 The financial staternent5 on patses 7 to 19 were approved by the trustees, and authorised for issue on ?9 October ?024 and signed on their behalf bv-. Mr Len Key Trustee Mr Fred Mi axwell Trustee The notes on pages 10 to 19 forn) an inteural part of these financial statements.
Hope 4 U Foundation Notes to tbe Financial Statements for the Year Ended 31 December 2023 l Accounting policies Statetnent of eompliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recornrnended 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) - (Charitie5 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 meets the defmition of a public benefit entity under FRS 102. The accounts (financial 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 concern The tnEstees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income 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 income will be received and the amount Can be measured with sufficient reliability. Donations and legocies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants aTe recognised when the charity has an entitl¢rn¢nt to the funds and any conditions linked to the grants have been rnet. Where perforniance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as defeTr¢d income to be Teleased. Expenditure All expenditure is recognised once there is a legal or constrnctive 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 central staff costs allocated on the basis of tiTne spent, and depreciation charges allocated on the portion of the asset's use. Other SUPPOrt costs are allocated based on the spread of staff costs. Raisingfunds These are costs incurred in attracting voluntary income, the management 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 2023 (continued) Support costs Support costs include c¢ntral fijnctions 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 constitutional and statutory requirements, including audit, Strategic management and trustees meetings and reimbuTsed 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 meet5 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 201 O or 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 initia12y recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected use] economic life as follows.. Stoek Stock is valued at the lower of cost and estimated selling price less cost5 to complete and sell, after due regard for obsolete and slow moving stocks. Cost is detem]ined using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or services p¢rfornied in the ordinary course of business. Trade debtors are recogni5ed initially at the transaction price. They are subsequently measured at arnortised cost using the effective interest method, less provision for irnpaimient. A provision for the impairrnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due accordincr to the original tenns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertTble 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 2023 {continued) Borrowings Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing bOowingS are subsequently Caled at amortised cost. with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the p¢riod of the relevant borrowing. Interest expense is reco)ISed on the basis of the effective interest method and is included in interest payable and sÈmilar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that aTe available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income fldS are those donated for use in a particular aTea or for specific purposes. the use of which is r¢stricted to that area OT purpose. 2 Income from donations 2nd legacies Unrestricted funds General Totsl funds Donations and legacies. Donations from individuals Gift aid reclaimed Grants, tncluding capital grants. Grants from otheT charities 298.511 2.673 298,511 2,673 750 750 Total for 2023 301,934 301,934 Total for 2022 100,014 100,014 3 Income from other trading aetivities Page 12
Hope 4 U Foundation Notes to the Flnancial Statements for the Year Ended 31 December 2023 (continued) Unrestricted funds General Restrieted funds Total funds Tradints income. Coffee shop sales Other income from other trading activities Total for 2023 21,689 21,689 12,525 12,525 21,689 12,525 34,214 Total for 2022 77,509 14,900 92,409 4 Other income Unrestricted funds General Total funds Rental income 752 752 Total for 2023 752 752 5 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Restricted funds Total funds Note Costs of goods sold Marketing and publicity Depreciation, amortisation and other sirnilar costs Other direct costs of activities for generating funds Allocated support costs 19,450 9.888 21,997 29,087 446 19,450 9,888 21,997 42,191 446 13,104 Total for 2023 80,868 li,104 93,972 Total for 2022 91,li8 13,693 104,831 Page 13
Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) b) Investment management eosts Unrestrieted runds General Total funds Note Total for 2023 Total for 2022 792 792 Tot81 costs 6 Expenditure on charitable activities Unrestricted runds General Total funds Note Governance costs 1,378 1,378 Total for 2022 1.013 Total expenditure 7 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements Legal fees 570 808 570 808 Total for 2023 1,378 1,378 Total for 2022 1,013 1,013 Page 14
Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 8 Net incomingloutgoing resources Net incoming resources for the year include.. 2023 2022 Depreciation of fixed assets Finance charges payable 21.997 623 22,719 792 9 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 received any reimbursed expenses or any other benefits from the charity during the year. 10 Staff costs The aggregate pa>ToII costs were as follows- 2023 2022 Staff costs during the year Ivere: Wages and salaries Other staff costs 43,873 21,508 49,141 21,800 65.381 70,941 No employee received emoluments of moTe than £60,000 during the year 11 Independent examiner's remuneration 2023 2022 Examination of the fmancial statements 570 516 12 Taxation The charity is a registered charity and i5 therefore exempt from taxation. Page 15
Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 13 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l January 2023 Additions 436,997 43.016 552 480,013 552 At 31 December 2023 436,997 43,568 480,565 Depreciation At l January 2023 Charge for the year 111,317 17,480 20,520 4,517 131,837 21,997 At 31 DecembeT 2023 128,797 25,037 153,834 Net book value At 31 December 2023 308,200 326,731 At 31 December 2022 325.680 22,496 348,176 14 Stock 2023 2022 Stocks 450 375 15 Debtor5 2023 2022 Other debtOTS 6,034 16,563 16 Cash and cash equivalents 2023 2022 C&%h on hand Cash at bank 566 208,467 574 7,976 209,033 8.550 Page 16
Hope 4 U Foundation Notes to the Finaneial Statements for the Year Ended 31 December 2023 (continued) 17 Creditors: amounts falling due within one year 2023 2022 Bank loans Other loans Other taxation and social security Other creditors Accruals 7,321 25,000 (914) 264 1,140 7,986 25,000 (746) 212 1,110 32,811 33.562 18 Creditors: amounts falling due after one year 2023 2022 Bank loans 12,054 18.264 19 Funds Balance at 31 December 2023 Balance at I January 2023 Incoming resources Resources expended Unrestricted funds General 320,630 324,375 (148,250) (13,104) 496,755 Restricted funds 1,207 12,525 628 Total fund5 321,837 336,900 (161,354) 497,383 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 (13,693) 1,207 Total funds 306,992 192,423 (177.577) 321.838 Page 17
Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 20 Analysis of nel assets between funds Unrestricted funds General Total funds at 31 December 2023 Tangible fixed assets Current assets Current liabilities Creditors over l year 326,731 214,077 (32,811) (12,054) 326,731 214,077 (32,811) (12,054) Total net assets 495,943 495,943 Unrestricted funds General Total funds at 31 December 2022 Tantrible fixed assets Current assets Current liabilities Creditors over l year Total net assets 348,176 25,488 (33,562) (18.264) 348.176 25.488 (33.562) {18 ?64) 321,8J8 321.838 Page 18
Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 21 Analysis of net funds At31 December 2023 At l January 2023 Financing cash flows Cash at bank and in hand 8,550 200.483 209,033 Net debt 8,550 200,483 209,033 Page 19