2023-09-30-accounts

Charity registration number NIC108191

Company registration number NI664431 (Northern Ireland)

PROVIDING HOPE AND LIGHT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

PROVIDING HOPE AND LIGHT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Stewart Mr A Hays Dr S Campbell Charity number NIC108191 Company number NI664431 Registered office 35b Main Street Ballyclare Co Antrim BT39 9AA Independent examiner GMcG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Bankers Ulster Bank Limited 4th Floor 11-16 Donegall Square East Belfast BT1 5UB

PROVIDING HOPE AND LIGHT

CONTENTS

	Page
Trustees' report	1 - 4
Independent examiner's report	5 - 6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 18

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their annual report and financial statements for the year ended 30 September 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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 1 January 2019)".

Objectives and activities

The charity's objects are:

1. The relief of those in need by reason of financial hardship or other disadvantage, in particular those who are victims and survivors of human trafficking and slavery.

2. The advancement of human rights by the prevention and reduction of all forms of human trafficking and slavery (including, but not limited to sexual exploitation, forced labour, domestic servitude and organ harvesting); and to protect and provide assistance and support to victims and survivors of human trafficking and slavery, and also to individuals who want to exit prostitution, by any exclusively charitable means including (but not limited to) all or any of the following: (a) providing practical support and assistance and temporary and permanent refuge; (b) providing exit strategies for those who wish to exit prostitution; (c) offering rehabilitation services including access to advice, counselling, therapy, healthcare, support and social befriending to the victims and survivors of human trafficking and slavery and those seeking to exit prostitution; (d) raising awareness of the causes and effects of human trafficking and slavery and in particular the means of preventing and reducing same, and the consequences for and needs of victims/survivors; (e) supporting those affected by human trafficking and slavery by the purchase of goods made by those persons in particular overseas.

Activities in furtherance of these objects include:

1. Trading in jewellery made by victims and survivors of human trafficking and individuals who want to exit prostitution.

2. Speaking at public and private events on the issues of human trafficking and slavery.

3. Grant making to help achieve the objects through approved partner organisations and individuals.

4. Active raising of awareness through the charity’s website and social media channels.

5. Jewellery making classes through which stories and experiences can be shared in order to raise awareness of the issues of human trafficking and slavery.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

A grant making policy has been adopted in furtherance of these objects.

The charity does not invite applications for grants. When gifts are made to external organisations, the following criteria are taken into consideration:

• The consistency of the partner with the charity's objects

• The potential for significant public benefit

• The level of risk to the charity and associated individuals

• The clarity, measurability and achievability of goals

• The past effectiveness of the partner

• The clarity of the partner’s governance structures

• The financial accountability of the partner and existing appropriate controls

• The reliability of the partner with regard to reporting

• 1 -

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Achievements and performance

(1) Trading in jewellery: Purchases of jewellery, scarves and bags from partner organisations in Asia help to provide stable and safe work for those seeking an alternative to the sex industry. They also help women and girls in rural communities to set up small cooperatives and earn a living for themselves and their families therefore preventing exploitation and trafficking. Through this, women are receiving opportunities to work in dignity and freedom, experiencing meaningful employment and opportunities for holistic healing. As a result, the purchases of jewellery and bags made by the women opens doors to healing, restoration, and hope. These long-term, sustainable business ventures are empowering women and leading them to independence, not dependence. Through jewellery purchases of £16,272 the charity continued to support women in safe work.

The charity made jewellery sales totalling £58,880 in the year. This generated a surplus for the charity, allowing grant making and further support purchasing jewellery from the various projects which contributed towards its charitable objects. A large proportion of sales took place during speaking engagements, with a physical store also in operation. A number of volunteers were recruited to assist with sales and order fulfilment. The charity also continued partnerships with four stores who are stocking its products and developed partnerships into three others.

(2) Speaking engagements: The work of the charity and the issues of human trafficking and slavery were presented at 47 meetings and events over the course of the year, with jewellery sales taking place alongside. It is estimated that over 1,830 people were presented to. The work was also featured in external magazines, helping to raise further awareness of the charity and its objects.

(3) Grant making: By the end of the period, partnerships were in place across 6 countries in Asia and 11 separate projects. Most partnerships primarily involved the purchase of jewellery and other items produced by victims and survivors of human trafficking and slavery and those seeking to exit prostitution. However, grants and donations totalling £19,263 were made during the year, in furtherance of the charity’s objects. This represents an increase of £3,028 on the previous year. Grants were used to support women and their children, to enable further production of jewellery in a safe working environment with a fair wage, and to also to relieve poverty through the distribution of food, and other essential items. One focus project was to assist and furnish a home in South-East Asia. This was very successful and continues to enable a safe place for women who would otherwise be in vulnerable positions. Grants also supported outreach into red-light districts; counselling and vocational programs; and anti-trafficking awareness classes.

(4) Website and social media: We had the opportunity to develop a new website to focus more on the ministry work but that also has a shop section. This site clearly links the projects through to a new donation software that records donations more systematically alongside the recording of Gift Aid when applicable.

The charity’s Facebook and Instagram channels have continued to remain active, highlighting needs and marketing jewellery on a regular basis. The charity’s weekly / bimonthly Shopify email mailing list audience continues to grow, with over 900 recipients receiving jewellery news, offers and information on the projects. Our Mailchimp recipients grew to over 1,800 and they also receive news of the ministry, prayer points and needs from our project partners. Work is underway to develop more regular updates through blogs on the new ministry website.

(5) Markets and pop-up events: 13 took place over the course of the year, providing an informal setting in which to not only sell products but also to awareness of the issues of human trafficking, slavery and prostitution through discussion with individuals. Collaborations also took place with two other anti-trafficking organisations as well as with four other business and charity collaborations.

(6) This year our social media platform has grown in reach and numbers. Through collaboration with others, we have been able to deliver the message and vision of our work to a wider audience. This has been supported by a new part-time social media officer.

(7) We are seeking to employ a sales manager this year. A grant from TBF Thompson Trust has enabled us to cover the salary. This dedicated role will hopefully enhance stock management, ensuring inventory is efficiently tracked and replenished, leading to smoother operations and increased sales, enabling us to buy more stock and in turn keeping more women in safe work. With sales and stock management under control this will enable more time and resources to focus on developing fundraising efforts allowing more effective campaigns and the ability to secure additional funds.

• 2 -

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Achievements and performance (continued)

(8) The generous funding received has been instrumental in the development of Hope House Pattaya, transforming it into a sanctuary of support and empowerment. Donations of household items, bedding, curtains, and furniture have created a warm and welcoming environment, while contributions of cleaning products have ensured the facility remains pristine and inviting. Following extensive renovations, Hope House now stands as a beacon of light in the darkness, providing safe accommodation and a haven for women in need. Beyond offering shelter, it also facilitates vocational job opportunities and counselling services, extending its support to both women and the wider community. This holistic approach not only addresses immediate needs but also empowers individuals towards self-sufficiency and healing.

(9) Donations enabled us again this year to support the Valentine's outreach in Pattaya, offering bar girls invitations to the project, gifts of love, and a rose, spreading compassion and hope, building relationships for the future.

(10) We have continued to partner and develop a second new project in Myanmar. Together we have been able to partner to extend God’s love to people who have been trafficked for the purpose of sexual exploitation. Profits from jewellery sales directly benefit the women within this project, supporting various program including outreach, drop-in centres, emergency shelters, trauma counselling, vocational training, economic empowerment and community education.

(11) Our ongoing Dignity Project in Central Asia has been a lifeline for women in bonded labor, providing them with essential sanitary pads and hygiene products. To date, we have distributed over 2,000 pads, significantly improving the health and dignity of these women. This critical initiative has been made possible through the dedicated efforts of numerous individuals and churches who have generously made and donated these pads. Their support has enabled us to sustain and expand this vital ministry, allowing our partners on the ground to continue their compassionate outreach and care for some of the most vulnerable women in society. A small donation was also made to support the persecuted churches and families within this area.

(12) Supporters' sacrificial funds have been utilised to address various urgent needs of the Hope for a Baby project. These include payments to biological parents to secure three babies, covering medical expenses for pregnant mothers, childbirth, and the treatment of several sick and hospitalised babies. Additionally, funds were spent on essential baby items such as cribs, car seats, highchairs, walkers, strollers, and toys. Daily necessities, including nappies, wet wipes, formula, vitamins, and clothes, were also provided. A house helper for the In His Love Family was funded, along with a mobile phone to ensure vital communication. The remaining funds will be kept strictly for ongoing monthly and future needs of the Hope for a Baby project, ensuring continuous support and care.

Financial review

The results are set out on pages 7 to 18.

During the year, the charity received donations and grants totalling £77,532 (2022 - £59,482). The charity made sales of jewellery amounting to £58,880 (2022 - £53,629) and net income for the year was £37,133 (2022 - £13,739).

At 30 September 2023 the charity had total funds of £119,345, which includes free reserves of £109,494 (2022 - £77,878).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been achieved by the balance sheet date.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

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PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Structure, governance and management

The charity is a company limited by guarantee that was incorporated under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Stewart

Mr A Hays

Dr S Campbell

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The charity is governed by the Trustees who meet every month.

Responsibility for day to day management of the charity is delegated to Mrs L Rainey.

Small companies exemption

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

.............................. Mr G Stewart Trustee

Dated: .........................

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PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

I report to the trustees on my examination of the financial statements of Providing Hope and Light (the charity) for the year ended 30 September 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;

• follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and

• state whether particular matters have come to my attention.

Independent examiner's statement

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. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes 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 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

• 2 the financial statements do not accord with those records; or

• 3 that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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; or

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

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PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

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.

Mr Nigel Moore FCA GMcG BELFAST

Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ

Dated: 26 July 2024

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PROVIDING HOPE AND LIGHT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 2 57,699 19,833 Charitable activities 3 58,880 - Total income 116,579 19,833 Expenditure on: Charitable activities 4 84,064 15,215 Total expenditure 84,064 15,215 Net income 32,515 4,618 Transfers between funds (3,156) 3,156 Net movement in funds 6 29,359 7,774 Reconciliation of funds: Fund balances at 1 October 2022 80,786 1,426 Fund balances at 30 September 2023 110,145 9,200	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 77,532 55,226 4,256 58,880 53,629 - 136,412 108,855 4,256 99,279 94,672 4,700 99,279 94,672 4,700 37,133 14,183 (444) - (1,474) 1,474 37,133 12,709 1,030 82,212 68,077 396 119,345 80,786 1,426	Total 2022 £ 59,482 53,629
		113,111 99,372
		99,372
		13,739 -
		13,739 68,473
		82,212

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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PROVIDING HOPE AND LIGHT

BALANCE SHEET

AS AT 30 SEPTEMBER 2023

Notes Fixed assets Intangible assets 10 Tangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension liability The funds of the charity Restricted income funds 16 Unrestricted funds	2023 £ 16,885 1,521 102,858 121,264 (2,570)	£ - 651 651 118,694 119,345 119,345 9,200 110,145 119,345	2022 £ 15,880 1,391 64,183 81,454 (2,150)	£ 1,710 1,198
				2,908 79,304
				82,212
				82,212
				1,426 80,786
				82,212

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2023. No members have required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .........................

.............................. Mr G Stewart Trustee

Company registration number NI664431 (Northern Ireland)

• 8 -

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

Charity information

Providing Hope and Light is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 35b Main Street, Ballyclare, Co Antrim, BT39 9AA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "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 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from the sale of jewellery is recognised at the point of sale.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies (Continued)

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website 33% per annum

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% per annum Computers 33% per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies (Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

2 Income from donations and legacies Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 34,341 9,833 Grants 23,358 10,000 57,699 19,833 Grants receivable for core activities Ardbarron Trust 5,000 - TBF Thompson - 10,000 Barnabas Trust 2,000 - CAF 1,000 - House of Vicryn 3,000 - Souter Trust 5,000 - Goodnews Evangelical Mission 5,000 - World Day of Prayer 2,358 - 23,358 10,000	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 44,174 51,726 4,256 33,358 3,500 - 77,532 55,226 4,256 5,000 - - 10,000 3,500 - 2,000 - - 1,000 - - 3,000 - - 5,000 - - 5,000 - - 2,358 - - 33,358 3,500 -	Total 2022 £ 55,982 3,500
		59,482
		- 3,500 - - - - - -
		3,500

3 Income from charitable activities

	Charitable	Charitable
	activities	activities
	2023	2022
	£	£
Sales of jewellery	58,880	53,629
Analysis by fund
Unrestricted funds	58,880	53,629

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

4 Expenditure on charitable activities

	Charitable	Charitable
	activities	activities
	2023	2022
	£	£
Direct costs
Staff costs	51,381	44,319
Depreciation and impairment	2,256	3,164
Safe work - jewellery purchases to support projects	16,272	17,390
Carriage	-	698
Donations	19,263	16,235
Postage and stationery	2,193	3,146
Travel expenses	(488)	5,536
Computer expenses	144	382
Advertising	-	2
Other expenditure	592	651
	91,613	91,523
Share of support and governance costs (see note 5)
Support	7,546	7,315
Governance	120	534
	99,279	99,372
Analysis by fund
Unrestricted funds	84,064	94,672
Restricted funds	15,215	4,700
	99,279	99,372
Support costs allocated to activities
	2023	2022
	£	£
Bank charges	969	854
Insurance	866	888
Rent	5,160	5,160
Heat and light	551	413
Governance costs	120	534
	7,666	7,849
Analysed between:
Charitable activities	7,666	7,849

5 Support costs allocated to activities

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

6	Net movement in funds	2023	2022
		£	£
	The net movement in funds is stated after charging/(crediting):
	Depreciation of owned tangible fixed assets	547	531
	Amortisation of intangible assets	1,710	2,633

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

	2023	2022
	Number	Number
	2	1
Employment costs	2023	2022
	£	£
Wages and salaries	48,003	40,781
Social security costs	-	277
Other pension costs	3,378	3,261
	51,381	44,319

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

	2023	2022
	£	£
Aggregate compensation	42,230	42,846

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

10 Intangible fixed assets Cost At 1 October 2022 and 30 September 2023 Amortisation and impairment At 1 October 2022 Amortisation charged for the year At 30 September 2023 Carrying amount At 30 September 2023 At 30 September 2022 11 Tangible fixed assets Fixtures and fittings Computers £ £ Cost At 1 October 2022 1,318 885 At 30 September 2023 1,318 885 Depreciation and impairment At 1 October 2022 355 650 Depreciation charged in the year 330 217 At 30 September 2023 685 867 Carrying amount At 30 September 2023 633 18 At 30 September 2022 963 235 12 Stocks 2023 £ Finished goods and goods for resale 16,885	Website £ 7,898
	6,188 1,710
	7,898
	-
	1,710
	Total £ 2,203
	2,203
	1,005 547
	1,552
	651
	1,198
	2022 £ 15,880

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

13 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 14 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income 15 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes	2023 £ 816 705 1,521 2023 £ 895 925 750 2,570 2023 £ 3,378	2022 £ 384 1,007
		1,391
		2022 £ 895 505 750
		2,150
		2022 £ 3,261

The charity contributes to defined contribution pension schemes for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At 1 October	Incoming	Resources	Transfers	At 30
	2022	resources	expended		September
					2023
	£	£	£	£	£
Pakistan appeal	-	180	(180)	-	-
Hope House/Hope for a Baby	1,426	9,653	(14,235)	3,156	-
TBF Thompson	-	10,000	(800)	-	9,200
	1,426	19,833	(15,215)	3,156	9,200

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

16 Restricted funds (Continued)

Previous year: At 1 Pakistan appeal Break the Chain Broken Vessels Hope House	October 2021 Incoming resources Resources expended Transfers At 30 September 2022 £ £ £ £ £ - 455 (500) 45 - 396 - (1,500) 1,104 - - 2,375 (2,700) 325 - - 1,426 - - 1,426 396 4,256 (4,700) 1,474 1,426

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 October	At 1 October	Incoming	Resources	Transfers	At 30
		2022	resources	expended		September
						2023
		£	£	£	£	£
General funds		80,786	116,579	(84,064)	(3,156)	110,145
Previous year:	At 1 October		Incoming	Resources	Transfers	At 30
		2021	resources	expended		September
						2022
		£	£	£	£	£
General funds		68,077	108,855	(94,672)	(1,474)	80,786
Analysis of net assets between	funds
				Unrestricted	Restricted	Total
				funds	funds
				2023	2023	2023
				£	£	£
At 30 September 2023:
Tangible assets				651	-	651
Current assets/(liabilities)				109,494	9,200	118,694
				110,145	9,200	119,345

18 Analysis of net assets between funds

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PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

18 Analysis of net assets between funds (Continued)

Unrestricted Restricted funds funds 2022 2022 £ £ At 30 September 2022: Intangible fixed assets 1,710 - Tangible assets 1,198 - Current assets/(liabilities) 77,878 1,426 80,786 1,426	Total 2022 £ 1,710 1,198 79,304
	82,212

19 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

	2023	2022
	£	£
Within one year	-	3,870

20 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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