2023-03-31-accounts

Charity Registration Number:

NIC: 107045

Lovehope & Faith

Report and Accounts for the Year End:

31 March 2023

Lovehope & Faith

Report and Accounts for the Period End 31 March 2023

Contents

	Page
Independent Examiner’s Report	1
Funds Statements:-
Receipts & Payments Account	2
Statement of Assets & Liabilities	3
Notes to the accounts	4

Lovehope & Faith

Independent Examiner’s Report to the Trustees of Lovehope & Faith

I report on the accounts of Lovehope & Faith for the period ended 31 March 2023, which are set out on pages 2 to 4.

Respective Responsibilities of the Trustees and Examiner

As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to:

• examine the accounts under section 65 of the Charities Act 2008;

• follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act 2008;

• state whether particular 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 Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records 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 come to my attention giving me cause to believe:

1. 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 comply with the accounting requirements of the Charities Act.

4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent Examiner’s Statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland; I have found no matters that require drawing to your attention.

Kevin Higgins (Aug 11, 2024 14:48 GMT+1)

KHA Higgins FCA 9 Knockanully Road Chartered Accountant Martinstown Ballymena BT43 7LZ

This report was signed on 09 August 2024

Page 1

Lovehope & Faith

Statement of Receipts & Payments for Period End:

31 March 2023

	Current Year	Current Year	Current Year	Prior Year
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	£	£	£	£
RECEIPTS
Donations and gifts from individuals
Donations & Fundraising	12,483		12,483	19,481
Gala Dinner				1,590
Revenue grants and donations from non public bodies
Charities trust				1,600
Lurgan RFC	2,200		2,200
CFNI		5,000	5,000
National Lottery Community Fund			-	10,000
	14,683	5,000	19,683	32,671
PAYMENTS
Kids Equipment		1,054	1,054	5,551
Family Grants and Events	6,564	3,802	10,366	11,306
Fundraising costs	1,284		1,284	267
Office Supplies and Telecoms	647		647	2,764
Advertising and Sponsorships	499		499	2,714
Accounts				160
Insurance	400		400
Travel	1,312		1,312	917
Grant / Fund Company				1,080
Retreat Planning Costs	11,230		11,230
Other expenses	20		20
	21,955	4,856	26,811	24,759
Asset / Investment Purchases	-	-	-	-
Surplus / (Deficit) for the Year	(7,272)	144	(7,128.02)	7,912

Page 2

31 March 2023

Lovehope & Faith

Statement of Assets & Liabilities - Period End:

FUNDS RECONCILIATION Current Year Current Year Current Year Prior Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £ Total Funds brought forward 01.04.22 6,349 11,600 17,949 16,167 Surplus / Deficit this Year: (7,272) 144 (7,128) 1,782 Total Funds carried forward 31.03.23 (923.63) 11,744.13 10,821 17,949 Bank & Cash Balances Santander Current Account 10,821 17,949 10,821 17,949 Other Assets (Unrestricted Fund) - - Liabilities (Unrestricted Fund) - - TOTAL NET ASSETS 10,821 17,949	Current Year Current Year Current Year Prior Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £	Current Year Current Year Current Year Prior Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £
	6,349 11,600 (7,272) 144	17,949 16,167 (7,128) 1,782
	(923.63) 11,744.13	10,821 17,949
		10,821 17,949
		10,821 17,949
		- -
		- -
		10,821 17,949

This report was approved by the Trustees on 09 August 2024 and signed on their behalf by:

Darren mcginty (Aug 11, 2024 14:45 GMT+1)

Mr Darren McGinty Trustee

Page 3

Lovehope & Faith

31 March 2023

Notes to the Accounts for the Year End:

1 Accounting policies

Policies relating to the production of the Accounts.

Basis of preparation and accounting convention

The Accounts have been prepared on the receipts and payments basis, under the historical cost convention, and in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 which are applicable to the financial years of registered charities beginning on or after 1 January 2016 or their date of registration with The Charity Commission for Northern Ireland.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees, after reviewing the financial forecasts for future periods, are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Page 4

2024-08-11

R&P Lovehope 31.03.2023

Final Audit Report

Created: 2024-08-09 By: Kevin Higgins ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAd0Jc_Q-d_9zG83k_C91MrGWL-oKbDfdM

"R&P Lovehope 31.03.2023" History

Document created by Kevin Higgins ([e-mail]) 2024-08-09 - 3:55:37 PM GMT

Document emailed to [e-mail] for signature

2024-08-09 - 3:57:27 PM GMT

Email viewed by [e-mail]

2024-08-11 - 1:44:40 PM GMT

• Signer [e-mail] entered name at signing as Darren mcginty 2024-08-11 - 1:45:46 PM GMT

• Document e-signed by Darren mcginty ([e-mail]) Signature Date: 2024-08-11 - 1:45:48 PM GMT - Time Source: server

Document emailed to Kevin Higgins ([e-mail]) for signature 2024-08-11 - 1:45:49 PM GMT

Email viewed by Kevin Higgins ([e-mail]) 2024-08-11 - 1:48:06 PM GMT

Document e-signed by Kevin Higgins ([e-mail]) Signature Date: 2024-08-11 - 1:48:37 PM GMT - Time Source: server

Agreement completed.

2024-08-11 - 1:48:37 PM GMT