Charity Number SCO44265
HOPE AMPLIFIED
Report and Accounts
31 August 2024
HOPE AMPLIFIED Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Chairpersons' report | 2 |
| Accountants' report | 3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
HOPE AMPLIFIED Registered number: SCO44265 Trustees' Annual Report
Organisation Structure
The organisation is run by a Committee of volunteers. These volunteers are voted onto the Committee at the AGM.
Objectives & Activities
To support vulnerable and disadvantaged families, young and children in every aspect of life ensuring they are given every possible chance to meet their full potential and to participate fully in society.
To advance the education of the disadvantaged and the vulnerable in the community by encouraging and developing their innate skills.
To broaden, expand and consolidate our service users life experience by constructively linking and cooperating with appropriate educational authorities and further educational centres in an effort to encourage & improve their access and life chances
Grants Received
During the year grants were received from the following;
The Corra Foundation UK Youth Fund GCVS
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HOPE AMPLIFIED Company Information
Chairperson
Treasurer
Secretary
Accountants
A&A Accounting Limited 1037 Sauchiehall Street Glasgow G3 7TZ
Registered office
Suite 240 - 241 2nd Floor Baltic Chambers 50 Wellington Street Glasgow G2 6HJ
Registered number SCO44265
2
HOPE AMPLIFIED Accountants. Report llldependent Examiner's Report to the Trustees I rep)rt oll the accounts of the Ch]ty for tlie Ye ellded 3 1st August 2023 M,bich are set out pages Ito9. RespectiTre responsibilities of trllstees examiner The clwity's ttustees 'e iEsponsible for the prepardtion of the accounts in accordallce with the tenllg of th¢ chariti )d TtUStcc Ini'¢sttii¢nt (Scotland) Aci 2005 and thc Chatitics Accolt$ (Scotland) Rcgulations 2006 (as amended). The d]arity ttee$ Consid that the audit Tequiremenl of Regulation 10(1) (a) to (c) of the Accounts Regulatlons does not apply. Ii is llLy respotisibility to examine the accoimts as required under section 44(1) (c) of the Acl and to State whether partiadar inatters have come to my attention. Ba$5$ of llldepeDdellt examlner's statemellt My examination is Caled out in accordance with ReatIoll I l of the ChaIiti Accounts (Scotland) Regiilations 2006 (as amended). An exajninatioii includes a re]e, of the accoiwtin8 recoids kept by the chlty and a conipatison of the accoiuits presailcd ltI) thos¢ rccoids. It also includ¢s consi(kiation of any ally UlliNial iteJ]]S OT dIsdos.eS ill the accoullts. and seeks explallatiolls from the $teL% concerning any such matt5 The procedures imdeilaken do not proNide all the evidence thai urould be required in an audit, and consequeiitty I do llot express all audit opinion on the eW givell by ihe accounts. Independent examlner's $t*tement tn the course of my exall)inatio no n]atter bas come to my attention l. wbich gives reasonable cause to believe that in any n]aterial respect the requirements.. to keep accoiuitillg records ill accoi'dance th Section 44(1) (a) of the 2005 Aci and Re8uiation 4 of the 2006 Accoullts RetionS, and to pr¢paT¢ a¢¢ounls which a¢¢oid with the accounting r¢¢ords and coinply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. 10 which, in my opiaion, attelllion shoidd be draTh in order to enable a PToper UnderstadIng of the accolt5 Chartered Public Finance Accoulltantg A&A Accoulliillg Limited 1037 Saiichiehall Stseet Glasgow G3 7TY Datc= 2610612025
HOPE AMPLIFIED
Profit and Loss Account for the year ended 31 August 2024
| Notes Incoming Resources Incoming Resources from generated funds Grants & Charitable Awards 2 Fund Raising 2 Donations Activities for generating funds Commercial trading operations Bank Interest Incoming resources from charitable activities Other 2 Grants 2 Total Incoming Resources Resources Expended Costs of generating funds: Charitable Activities 3 Governance Costs 3 Total Resources Expended Net incoming/(outgoing) resources and net movements in funds for year Reconciliation of funds Total Funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2024 £ - 12,650 12,650 - - - - - - - - - - - - - 1,254 1,254 - - - - 13,904 13,904 - 23,097 23,097 - 1,272 1,272 - 24,369 24,369 - (10,465) (10,465) - 21,926 21,926 - 11,461 11,461 |
Total Funds 2023 £ 105,994 - - - - 5,025 - |
|---|---|---|
| 111,019 | ||
| 106,100 4,318 |
||
| 110,418 | ||
| 601 | ||
| 21,325 | ||
| 21,926 |
4
HOPE AMPLIFIED Balance Sheet as at 31 August 2024
| Fixed assets Tangible assets Investments Total Fixed Assets Current assets Stock Debtors Cash at bank and in hand Total Current Assets Liabilities Creditors falling due within one year Total assets less current liabilities Creditors: Amounts falling due after more than one year Net assets The funds of the charity: Restricted income funds Unrestricted income funds Total charity funds |
Notes Unrestricted Restricted Total Funds Funds Funds 2024 - 19,104 19,104 - - - - 19,104 19,104 - - - - - - - 13 13 - 13 13 (600) - (600) (600) - (600) (600) 19,117 18,517 - (7,056) (7,056) (600) 12,061 11,461 - 11,461 11,461 - - - - 11,461 11,461 |
Total Funds 2023 25,493 - |
|---|---|---|
| 25,493 | ||
| - - 4,023 |
||
| 4,023 - |
||
| - | ||
| 29,516 (7,590) |
||
| 21,926 | ||
| 21,926 - |
||
| 21,926 |
Approved by the Trustees and signed on their behalf by:
On behalf of the Trustees
Date 26/06/2025
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HOPE AMPLIFIED Notes to the Accounts for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 1985 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.
The following policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Clothing and other items donated for resale through the charity’s shop are included as incoming resources within activities for generating funds when they are sold.
Investment income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity’s shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in Note 4.
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HOPE AMPLIFIED Detailed profit and loss account for the year ended 31 August 2024
| 2 Incoming resources from voluntary income Unrestricted Restricted Income Funds Funds Grants - 12,650 Other - 1,254 Total - 13,904 3 Resources expended Unrestricted Restricted Costs directly allocated to activities Funds Funds Rent & Property Costs - 1,120 Light and heat - - Telephone and fax - 1,558 Administration Expenses - - Direct costs - 4,841 Salaries, Expenses & staffing costs - 9,189 Depreciation / Asset Write-offs - 6,389 Total Direct Activity costs - 23,097 Governance Subscriptions - 158 Insurance - 514 Repairs and maintenance - - Accounting & Audit fees - 600 Legal & Other fees - - Total Governance Costs - 1,272 |
Total Total 2024 2023 12,650 105,994 1,254 5,025 |
|---|---|
| 13,904 111,019 |
|
| Total Total 2024 2023 1,120 20,597 - 8,899 1,558 3,925 - 41 4,841 24,856 9,189 41,393 6,389 6,389 |
|
| 23,097 106,100 |
|
| 158 - 514 2,163 - 871 600 1,194 - 90 |
|
| 1,272 4,318 |
4 Corporation Tax
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. No tax charges have arisen in the charity.
| 5 Tangible fixed assets Cost At 1st September 2023 Additions Surplus on revaluation Disposals At 31st August 2024 Depreciation At 1st September 2023 Charge for the year Surplus on revaluation On disposals At 31st August 2024 Net book value At 31st August 2024 At 1st September 2023 |
Equipment £ 63,894 - - |
Motor vehicles £ - - - - - - - - - - |
Total 2024 £ 63,894 - - - 63,894 38,400 6,389 - - 44,789 19,105 25,494 |
Total 2023 £ 63,894 - - - |
|---|---|---|---|---|
| 63,894 | 63,894 | |||
| 38,400 6,389 - |
32,011 6,389 - |
|||
| 44,789 | 38,400 | |||
| 19,105 | 25,494 | |||
| 25,494 | 31,883 |
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HOPE AMPLIFIED Detailed profit and loss account for the year ended 31 August 2024
| 6 Debtors Trade debtors Other debtors Amounts due after more than one year included above 7 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other taxes and social security costs Loans < 1 Year 8 Creditors: amounts falling due after one year Non-equity preference shares Loans Trade creditors 9 Analysis of net assets between funds Unrestricted Restricted Funds Funds £ £ Fixed Assets - 19,104 Current Assets - 13 Current Liabilities (600) - Long-term Liabilities - (7,056) Total Net Assets (600) 12,061 7 Analysis of Charitable Funds Opening Incoming 2023 resources £ £ Unrestricted general funds - - Restricted funds 21,926 13,904 21,926 13,904 |
6 Debtors Trade debtors Other debtors Amounts due after more than one year included above 7 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other taxes and social security costs Loans < 1 Year 8 Creditors: amounts falling due after one year Non-equity preference shares Loans Trade creditors 9 Analysis of net assets between funds Unrestricted Restricted Funds Funds £ £ Fixed Assets - 19,104 Current Assets - 13 Current Liabilities (600) - Long-term Liabilities - (7,056) Total Net Assets (600) 12,061 7 Analysis of Charitable Funds Opening Incoming 2023 resources £ £ Unrestricted general funds - - Restricted funds 21,926 13,904 21,926 13,904 |
2024 £ - - - - 2024 £ - 600 - - 600 2024 £ 7,055 - 7,055 Total 2024 £ 19,104 13 (600) (7,056) 11,461 Resources expended £ - 24,369 |
2023 £ - - - - 2023 £ - - - - - 2023 £ 7,589 - 7,589 Total 2023 £ 25,493 4,023 - (7,590) 21,926 Transfer Total 2024 £ £ - - - 11,461 |
|---|---|---|---|
| (600) 12,061 |
|||
| Opening Incoming 2023 resources £ £ - - 21,926 13,904 |
|||
| 21,926 13,904 |
24,369 | - 11,461 |
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