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 1 ## **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 Accol￿t$ (Scotland) Rcgulations 2006 (as amended). The d]arity t￿￿tee$ 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 Ca￿led out in accordance with Re￿￿atIoll I l of the ChaIiti￿ Accounts (Scotland) Regiilations 2006 (as amended). An exajninatioii includes a re￿]e￿, of the accoiwtin8 recoids kept by the ch￿lty 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 matt￿5 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 Re￿￿tionS, 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 Understa￿dIng of the accol￿t5 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 5 **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. 6 ## **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| 7 ## **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| 8