2024-12-31-accounts - Hope Centre Dundee [SCIO]

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Hope Centre Dundee SCIO SC052010

Annual Report & Financial Statements

For the Financial Year ended

30[th] September 2024

ANNUAL REPORT & FINANCIAL STATEMENTS FOR

ANNUAL REPORT & FINANCIAL STATEMENTS FOR	ANNUAL REPORT & FINANCIAL STATEMENTS FOR
THE YEAR ENDED 30THSEPTEMBER 2024___________
CONTENTS_____________
Trustees’ Annual Report …………………………………………………………………………………………………	3-6
Independent Examiner’s Report …………………………………………………………………………………….	7
Statement of Receipts & Payments …………………………………………………………………………………	8
Statement of Balances ……………………………………………………………………………………………………	9
Notes to the Financial Statements ………………………………………………………………………………….	10

TRUSTEE’S ANNUAL REPORT FOR

THE YEAR ENDED 30[TH] SEPTEMBER 2024__________

The Trustees present their report and financial statements together with the Independent Examiner’s report for the year ended 30[TH] September 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

_________ Charity Name Hope Centre Dundee SCIO Scottish Charity Number SC0520108 HMRC Charities Ref No ST05259 Principal Address Current Trustees Bankers Virgin Money 154-158 Kensington Street London W8 7RL

Independent Examiner

TRUSTEES’ ANNUAL REPORT FOR

THE YEAR ENDED 30[TH] SEPTEMBER 2024___________

STRUCTURE GOVERNANCE AND MANAGEMENT______

Governing Document

The Trust is administered in accordance with the terms of the Trust Deed. The charity is a Scottish Charitable Incorporated Organisation and the purposes and administration arrangements are set out in its constitution.

The Charity is registered with the “Office of Scottish Charity Regulator” as a SCIO (Scottish Charitable Incorporated Organisation). Registration was approved on 15[th] September 2022.

Appointment of Trustees

The trustees were those appointed on the establishment of the trust. Appointment and removal is in accordance with the Trust Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others.

Risk Assessment

The trustees have considered the major risks faced by Hope Centre Dundee SCIO and have reviewed the procedures in place designed to manage these risks. In particular, policies and procedures are in place for the protection of children and vulnerable adults.

OBJECTS AND ACTIVITIES_____________

The purpose of the charity is the advancement of religion; provision of assistance to those in need through age, ill-health, disability, financial hardship or another disadvantage.

ACHIEVEMENTS & PERFORMANCE_________

This is the second “Trustee’s Annual Report” by Hope Centre Dundee SCIO.

The Charity has begun to raise funds to enable it to fulfil its objects. During the reporting period, the charity carefully evaluated its application to the Care Inspectorate. After thorough consideration, the Trustees agreed to withdraw the application at this time, with the intention to reapply when the organisation is better prepared. While significant progress has been made in updating policies, the application remains on hold until a suitable property is secured and sufficient funding is in place.

The charity also reviewed its potential involvement with Green Pastures and the proposed ninemonth residential housing service program. At this stage, progress has not been made, and it was decided to place this initiative on hold for the time being, with the option to revisit it in the future.

The New Life outreach initiative continues to operate successfully, with Thursday sessions proving to be a valuable support for those in need. A special Christmas meal was organised, welcoming approximately 16 individuals who received both a meal and a small gift. Additionally, the monthly testimony nights have been well received, providing an opportunity for encouragement and personal growth among attendees.

Safeguarding remains a key focus, particularly as individuals from outreach programs begin attending church services. Trustees discussed the importance of ensuring that those who are invited into the church community are properly supported and cared for. Steps will be taken to strengthen safeguarding procedures to protect both the congregation and those accessing support through the charity’s outreach programs.

The charity continues to collaborate with other organisations, including Positive Steps and Housing First, both of which have engaged with outreach efforts. These partnerships help provide additional support and resources to those accessing the charity’s services.

A potential funding opportunity was identified through discussions with Jennifer, the Community Officer from the local council. The charity was informed of an available grant of approximately £6,000 and is considering an application to support renovations within the outreach space. If successful, these funds would be used to create a dedicated consultation room for one-to-one appointments, enhancing the charity’s ability to provide personalised support.

In addition, a local Community Nurse has generously offered to volunteer her services. Plans are in place to explore interest from those who may benefit, with the initial proposal being to provide support sessions once a month.

Efforts to increase public engagement and awareness were also discussed, particularly in relation to a potential opportunity to host a public stall. As the charity is not yet fully prepared for this, it was agreed that developing a banner and other promotional material, such as leaflets, would be a more effective way to raise awareness and support outreach efforts.

Recognising the ongoing need for strong governance and leadership, Trustees also agreed that appointing an additional Trustee would be advantageous. While no immediate appointments were made, the search for a suitable candidate remains open, with the intention of identifying the right individual to join the board and contribute to the charity’s ongoing mission.

These developments reflect the charity’s continued commitment to supporting those in need while ensuring financial sustainability and responsible governance. The Trustees remain dedicated to strengthening the charity’s outreach programs, safeguarding policies, and operational effectiveness in the year ahead.

TRUSTEE’S ANNUAL REPORT for

THE YEAR ENDED 30[th] September 2024 ___________

FINANCIAL REVIEW

Overview

This marks the second year of operation for the charity since its registration with OSCR on 1st May 2019 as a Scottish Registered Charity. The charity’s bank account was officially opened on 13th December 2022, enabling financial transactions to support its activities.

The primary source of income for the reporting period was donations from generous supporters. A summary of the charity’s cash movement for the financial year is as follows:

Receipts Payments Surplus/(Deficit) for year	2024 £ 804 5,683 (4,879)

The most significant expenditure for the year was the purchase of a minibus, which is essential to the charity’s operations and enables it to better serve the community. Additionally, funds were allocated to food supplies to support local outreach efforts, ensuring that those in need receive necessary provisions.

The Trustees remain committed to responsible financial management and will continue to seek sustainable funding sources to support the charity’s mission and activities in the coming year.

Reserves Policy

The Charity shall maintain a minimum reserve balance of £100 within its bank accounts at all times to ensure financial stability and operational continuity. The Trustees shall undertake periodic reviews of this policy to assess its adequacy and relevance in light of the Charity’s financial position and obligations. Amendments to this policy may be made at the discretion of the Trustees, subject to the best interests of the Charity and compliance with regulatory requirements.

FUTURE PLANS

The Charity will be looking to help the vulnerable in the community by programmes and help.

APPROVAL_____________

This report was approved by the trustees on 5/3/2025 and signed on their behalf by:

Trustee - Chair

INDEPENDENT EXAMINER’S REPORT for

THE YEAR ENDED 30[th] September 2024__ _________

Independent Examiner’s Report to the Trustees of Hope Centre Dundee SCIO

I report on the accounts of the charity for the year ended 31 September 2023, which are set out on pages 7 to 9.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”). The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply.

It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter came to my attention:-

which gives me reasonable cause to believe that in any material respect, the requirements
to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations

have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 14/3/2025

STATEMENT OF RECEIPTS & PAYMENTS

for YEAR ENDED 30TH SEPTEMBER 2024___________

Receipts Cashback Donations Payments Bus Purchase Insurance Legal & Professional Postage & Carriage Security Supplies Surplus/(Deficit) for year	2024 2023 £ £ 24 780 11,727 804 11,727 3,750 718 6252,050 228 51 310 5,6832,050 (4,879) 9,677

All funds are unrestricted

STATEMENT OF BALANCES as at 30[th] September 2024____________

Funds Reconciliation Restricted Unrestricted Balance as at 30thSeptember 2023 9,677 Surplus/(Deficit) for year (4,879) Balance as at 30th September 2024 4,798 Bank & Cash Balances Cash at Bank Cash in Hand	2024 2023 2024 2023 9,677 0 (4,879) 9,677 4,798 9,677 4,798 9,677 0 0 4,798 9,677

All funds are unrestricted

These accounts were approved by the trustees on 5/3/2025 and signed on their behalf by:-

Trustee - Chair

NOTES TO THE FINANCIAL STATEMENTS

for THE YEAR ENDED 30[th] September 2024 ___________

1. Basis of Preparation

These accounts have been prepared on the receipts & payments basis in accordance with:

(a) The Charities and Trustee Investment (Scotland) Act 2005

(b) The Charities Accounts (Scotland) Regulations 2006 (as amended)

No changes have been made to the basis of preparation or to the figures for the previous year.

2. Fund Accounting

(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity.

(b) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.

Currently the charity’s funds are all unrestricted.

3. Taxation

(a) The charity is not liable to corporation tax or capital gains tax on its charitable activities.

(b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.

4. Trustee remuneration

No remuneration was paid to trustees during the year.

5. Trustee expenses

No expenses were reimbursed to the trustees during the year.

6. Transactions related parties

None