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REGISTERED COMPANY NUMBER: 07525887 (England and Wales)
REGISTERED CHARITY NUMBER: 1141011







Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Crowthorne Hopezone

Crowthorne Hopezone






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 15

Crowthorne Hopezone (Registered number: 07525887)

Report of the Trustees
for the Year Ended 29 February 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 29 February 2024. The trustees have adopted the provisions of 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
Objectives and aims
The objects of the charitable company are for the public benefit but are restricted to

a) advance in life and relieve the social and spiritual needs of young people through;

1) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;

2) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

b) to further benefit the residents of Crowthorne and the neighbourhood, without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Zone 6 continues to be very popular and maximum numbers are usually achieved each week. We are still looking at ways for additional evenings

Zone 7 started in November quietly but numbers have grown but are constantly looking for additional Volunteers

FINANCIAL REVIEW
Risk management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining free reserves at the levels stated later in this report, combined with our annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks and confirm that they have established systems to mitigate the significant risks.

FUTURE PLANS
"Going forward" is always discussed at Management meetings and looking at ways to expand over Half Term and Holiday periods

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Crowthorne Hopezone (Registered number: 07525887)

Report of the Trustees
for the Year Ended 29 February 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The recruitment of trustees is governed by the charitable company's Memorandum and Articles of Association.

Organisational structure
The charitable company must have at any given time three trustees. Appointments for trustees are for a period of three years. Each third year the trustees are subject to retirement by rotation in accordance with the Articles of Association, they may offer themselves for re-election for a further period of three years.

Induction and training of new trustees
New trustees are trained by existing trustees of the charitable company. All trustees undergo a standard Disclosure and barring Service check.

None of the trustees have a 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.

Related parties
The trustees who are directors of the charitable company will work in partnership with Bracknell Forest Borough Council and the local community to assist in achieving its objectives.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07525887 (England and Wales)

Registered Charity number
1141011

Registered office
33 Lea Croft
Crowthorne
Berkshire
RG45 6RJ

Trustees
A Mitchell Trustee
Rev S M Gardner Church Minister
Ms V A Stephens Civil Engineer

Company Secretary
A Mitchell


Crowthorne Hopezone (Registered number: 07525887)

Report of the Trustees
for the Year Ended 29 February 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW

Approved by order of the board of trustees on 29 August 2024 and signed on its behalf by:





A Mitchell - Trustee

Independent Examiner's Report to the Trustees of
Crowthorne Hopezone

Independent examiner's report to the trustees of Crowthorne Hopezone ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 29 February 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








PKB Accountants Limited

PKB Accountants Limited
Chartered Certified Accountants
Beechey House
87 Church Street
Crowthorne
Berkshire
RG45 7AW

29 August 2024

Crowthorne Hopezone

Statement of Financial Activities
for the Year Ended 29 February 2024

29.2.24 28.2.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 9,260 (1 ) 9,259 6,593

Investment income 3 - - - 12
Total 9,260 (1 ) 9,259 6,605

EXPENDITURE ON
Charitable activities
Charitable activities 15,258 498 15,756 15,582

NET INCOME/(EXPENDITURE) (5,998 ) (499 ) (6,497 ) (8,977 )


RECONCILIATION OF FUNDS
Total funds brought forward 9,324 967 10,291 19,268

TOTAL FUNDS CARRIED FORWARD 3,326 468 3,794 10,291

Crowthorne Hopezone (Registered number: 07525887)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - - - 498

CURRENT ASSETS
Debtors 9 797 - 797 799
Cash at bank 4,771 468 5,239 9,936
5,568 468 6,036 10,735

CREDITORS
Amounts falling due within one year 10 (2,242 ) - (2,242 ) (942 )

NET CURRENT ASSETS 3,326 468 3,794 9,793

TOTAL ASSETS LESS CURRENT LIABILITIES 3,326 468 3,794 10,291

NET ASSETS 3,326 468 3,794 10,291
FUNDS 11
Unrestricted funds 3,326 9,324
Restricted funds 468 967
TOTAL FUNDS 3,794 10,291

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Crowthorne Hopezone (Registered number: 07525887)

Balance Sheet - continued
29 February 2024

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


The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on 29 August 2024 and were signed on its behalf by:





A Mitchell - Trustee





S M Gardner - Trustee





V A Stephens - Trustee

Crowthorne Hopezone

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
the requirements of Section 11 'basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the charitable company becomes party to the contractual provisions of the instrument.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Cash donations are recognised on receipt. Other donations and Grants are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.


Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charitable company 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 accounts.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits with banks.

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

Financial instruments
The Charitable Company has elected to apply the provisions of Section 11 'basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the charitable company becomes party to the contractual provisions of the instrument.


Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. DONATIONS AND LEGACIES
29.2.24 28.2.23
£    £   
Donations 5,509 6,593
Grants 3,750 -
9,259 6,593

Grants received, included in the above, are as follows:

29.2.24 28.2.23
£    £   
Crowthorne Parish Council 750 -
Wokingham Without Parish Council 1,000 -
Hall & Woodhouse 2,000 -
3,750 -

3. INVESTMENT INCOME
29.2.24 28.2.23
£    £   
Deposit account interest - 12

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

29.2.24 28.2.23
£    £   
Depreciation - owned assets 498 499

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023.


Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

29.2.24 28.2.23
General staff - 2

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,593 - 6,593

Investment income 12 - 12
Total 6,605 - 6,605

EXPENDITURE ON
Charitable activities
Charitable activities 15,084 498 15,582

NET INCOME/(EXPENDITURE) (8,479 ) (498 ) (8,977 )


RECONCILIATION OF FUNDS
Total funds brought forward 17,803 1,465 19,268

TOTAL FUNDS CARRIED FORWARD 9,324 967 10,291


Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 and 29 February 2024 1,495
DEPRECIATION
At 1 March 2023 997
Charge for year 498
At 29 February 2024 1,495
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 498

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 146 146
Prepayments and accrued income 651 653
797 799

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Wages creditor 1,294 -
Accrued expenses 948 942
2,242 942


Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. MOVEMENT IN FUNDS
Net
movement At
At 1.3.23 in funds 29.2.24
£    £    £   
Unrestricted funds
General fund 9,324 (5,998 ) 3,326

Restricted funds
Grant 967 (499 ) 468

TOTAL FUNDS 10,291 (6,497 ) 3,794

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 9,260 (15,258 ) (5,998 )

Restricted funds
Grant (1 ) (498 ) (499 )

TOTAL FUNDS 9,259 (15,756 ) (6,497 )


Comparatives for movement in funds

Net
movement At
At 1.3.22 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 17,803 (8,479 ) 9,324

Restricted funds
Grant 1,465 (498 ) 967

TOTAL FUNDS 19,268 (8,977 ) 10,291

Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,605 (15,084 ) (8,479 )

Restricted funds
Grant - (498 ) (498 )

TOTAL FUNDS 6,605 (15,582 ) (8,977 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.3.22 in funds 29.2.24
£    £    £   
Unrestricted funds
General fund 17,803 (14,477 ) 3,326

Restricted funds
Grant 1,465 (997 ) 468

TOTAL FUNDS 19,268 (15,474 ) 3,794

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 15,865 (30,342 ) (14,477 )

Restricted funds
Grant (1 ) (996 ) (997 )

TOTAL FUNDS 15,864 (31,338 ) (15,474 )

Crowthorne Hopezone

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RELATED PARTY DISCLOSURES

During the year AS-Tec Chemicals Limited provided a donation totalling £10,000. A Mitchell, Trustee, is a director of AS-Tec Chemicals Limited

13. ULTIMATE CONTROLLING PARTY

There is no controlling party.