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REGISTERED COMPANY NUMBER: SC376811 (Scotland)
REGISTERED CHARITY NUMBER: 037003














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lochaber Hope

Lochaber Hope






Contents of the Financial Statements
for the Year Ended 31 March 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 17

Lochaber Hope (Registered number: SC376811)

Report of the Trustees
for the Year Ended 31 March 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 31 March 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 charity's objectives are to provide rehabilitation, skill development, motivation, self-esteem enhancement, and mental health support for individuals experiencing vulnerability or crisis and young people's mental health throughout Lochaber. These objectives have remained unchanged during the year.

Significant activities
The main activities undertaken in relation to our purposes are the provision of support to all members of the community to help them overcome the barriers they face to enjoy a good quality of life. This includes providing Counselling and Mentoring Activity and Peer Support Groups as well as assistance in finding employment, training or further education.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The level of income from providing Employment support services in the year was £75,235 compared to £60,127 for the previous year. Though expectation was for there to be a reduction in this financial year this has proven to be more successful and has increased as a result.

Expectation is for the forthcoming financial year is for this to be at a similar level.

There was also an increase in monies coming in to support New Connections, our community hub, which is another reason for the increase in our closing unrestricted reserves.

The level of fundraising and donations in the year was £38,958 (2023 £41,462). This is slightly down from last year though not significant. The trustees wish to express their gratitude to all the volunteers, donors and supporters who provided financial support to Lochaber Hope during the year. As last year, much of the support received assisted in building the New Connections project. This involved increasing the use of New Connections, activities and groups being carried out there. The aim remains to encourage growth of New Connections.

Grants were received during the year from a number of funders and trustees would like to record their gratitude to all of the funders for the amounts received.


Lochaber Hope (Registered number: SC376811)

Report of the Trustees
for the Year Ended 31 March 2024

FINANCIAL REVIEW
Financial position
The financial performance of Lochaber Hope in the year to 31 March 2024 saw a surplus of £39,023 (2023 deficit of £2,209).

2024 figures benefited from the receipt of a significantly higher level of grant income than was received in the year to March 2023. Total grant income in 2024 was £206,256 (2023 £69,613). Of the 2024 figure £150,755 was for New Connections which was started in Sept 2022 to create a safe and positive Community Hub, to reduce social isolation, increase activity and peer support in the community and encourage the community to get together and collaborate in building a stronger more cohesive community.

The trustees have recently reviewed the running of the workshop and have agreed that it will continue to run despite costs being higher than income this year by £13,605. The workshop will continue on grant funding and will be run more as a therapeutic environment rather than a profitable enterprise. This being the ethos of Lochaber Hope.

The level of Counselling Income for the year amounted to £60,151 (2023 £60,849). This is consistent with 2023. This hasn't increased as expected due to more clients being subsidised via funding. While demand for counselling has increased, resources haven't increased in line with that demand. This continues to be a challenge.

This service had become a major part of the activities of Lochaber Hope and is expected to continue to expand as we now have the resources to advertise, and more schools will ask for support. The level of costs continues to increase as a result of providing this service.

Financial Position
The unrestricted reserves at the end of the financial year were £270,062, an increase of £27,117 in the year. The total unrestricted reserves at the year end were equivalent to over 11 months total running costs. The reserves policy of Lochaber Hope is to maintain unrestricted reserves of at least 6 months running costs.

The level of restricted reserves at the end of the financial year were £107,887 and they increased by £11,906 during the year. These reserves are earmarked to be spent on specific costs during the next period.

Going concern
The level of unrestricted reserves is expected to remain comfortably above the minimum reserves policy limit. The trustees therefore do not have any uncertainties about the charity's ability to continue as a going concern.

There has been an increase in successful funding applications this year due to more being submitted. The trustees will continue to seek grant funding as more projects are starting.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association.


Lochaber Hope (Registered number: SC376811)

Report of the Trustees
for the Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The methods used to recruit and appoint a new chair and trustees are identified in the Memorandum and Articles of Association.

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.

Organisational structure
The charity is governed by the Board of Trustees who delegate the day to day running of the facility to the employed manager, who reports directly to them.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC376811 (Scotland)

Registered Charity number
037003

Registered office
Dalnahaine
Belford Road
Fort William
PH33 6ES

Trustees
G Conaghan (resigned 23.5.23)
Ms B Grant
S Mactavish
O M C Stephen
Ms I Campbell (appointed 23.5.23)
Ms A K Wright (appointed 4.8.23)
Ms F MacKinnon (appointed 5.5.23) (resigned 20.11.23)
Ms R Fraser (appointed 30.1.24)

Company Secretary
Mrs A M Smith

Independent Examiner
Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT

Approved by order of the board of trustees on 2 October 2024 and signed on its behalf by:



O M C Stephen - Trustee

Independent Examiner's Report to the Trustees of
Lochaber Hope

Independent examiner's report to the trustees of Lochaber Hope ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

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.








David Ross

Mackay & Co CA
120 George Street
Oban
Argyll
PA34 5NT

Date: .............................................

Lochaber Hope

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 16,771 22,187 38,958 41,462

Charitable activities 5
Training, counselling and support 167,224 189,566 356,790 199,030

Investment income 4 225 - 225 257
Total 184,220 211,753 395,973 240,749

EXPENDITURE ON
Charitable activities
Training, counselling and support 169,603 199,516 369,119 234,967

Net gains/(losses) on investments 12,169 - 12,169 (7,991 )

NET INCOME/(EXPENDITURE) 26,786 12,237 39,023 (2,209 )
Transfers between funds 17 331 (331 ) - -
Net movement in funds 27,117 11,906 39,023 (2,209 )

RECONCILIATION OF FUNDS
Total funds brought forward 242,945 95,981 338,926 341,135

TOTAL FUNDS CARRIED FORWARD 270,062 107,887 377,949 338,926

Lochaber Hope (Registered number: SC376811)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 73,528 47,031 120,559 127,349
Investments 12 72,372 - 72,372 48,203
145,900 47,031 192,931 175,552

CURRENT ASSETS
Debtors 13 13,129 - 13,129 11,502
Cash at bank 138,627 60,856 199,483 185,124
151,756 60,856 212,612 196,626

CREDITORS
Amounts falling due within one year 14 (19,628 ) - (19,628 ) (18,473 )

NET CURRENT ASSETS 132,128 60,856 192,984 178,153

TOTAL ASSETS LESS CURRENT
LIABILITIES

278,028

107,887

385,915

353,705

CREDITORS
Amounts falling due after more than one
year

15

(7,966

)

-

(7,966

)

(14,779

)

NET ASSETS 270,062 107,887 377,949 338,926
FUNDS 17
Unrestricted funds 270,062 242,945
Restricted funds 107,887 95,981
TOTAL FUNDS 377,949 338,926

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.



Lochaber Hope (Registered number: SC376811)

Balance Sheet - continued
31 March 2024

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.

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 by the Board of Trustees and authorised for issue on 2 October 2024 and were signed on its behalf by:





R Fraser - Trustee

Lochaber Hope

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (as issued in October 2019 for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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, modified to include the investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Income
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 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.

Grants receivable are credited to the Statement of Financial Activities (SOFA) in the year which they are awarded, providing entitlement, certainty and measurement can be confirmed.

Counselling, Training and Earned Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts.

Fundraising income is measured at the fair value of the consideration received or receivable and represents amounts receivable from fundraising events and programmes.

Expenditure
Expenditure other than that which has been capitalised is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay the expenditure.

Expenditure on raising funds are expenditure for fundraising events.

Expenditure on charitable activities are expenditure relating to the delivery of counselling and training sessions and support costs for the charity generally.

Governance costs are deemed expenditure for statutory responsibilities and other consultancy feed.


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Expenditure
All costs have been directly attributed to one of the functional categories of resources expenses in the SOFA.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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


Freehold property - at varying rates on cost
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.

Restricted funds are subject to specific conditions by donors 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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION
UNCERTAINTY

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of net assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. DONATIONS AND LEGACIES
31.3.24 31.3.23
£    £   
Donations 35,956 41,462
Fundraising 3,002 -
38,958 41,462

4. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Income from listed investments 38 257
Deposit account interest 187 -
225 257

5. INCOME FROM CHARITABLE ACTIVITIES
31.3.24 31.3.23
Activity £    £   
Counselling income Training, counselling and support 60,151 60,849
Training income Training, counselling and support 4,819 1,309
Earned income Training, counselling and support 85,564 67,259
Grants Training, counselling and support 206,256 69,613
356,790 199,030

Grants received, included in the above, are as follows:
31.3.24 31.3.23
£    £   
Robertson Trust 26,000 26,000
HTSI 7,000 2,000
Corra Foundation 5,000 7,700
Highland Council 25,447 20,913
Tesco - 500
National Lottery Community Fund - New Connections 51,750 12,500
Inspiring Scotland 18,000 -
Scottish Families 1,000 -
Energy Savings Trust 57,098 -
SSE Green Grant 14,961 -
206,256 69,613


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Training, counselling and support 114,847 850 115,697

7. NET INCOME/(EXPENDITURE)

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

31.3.24 31.3.23
£    £   
Depreciation - owned assets 9,895 8,659

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


9. STAFF COSTS
31.3.24 31.3.23
£    £   
Wages and salaries 196,105 151,026
Social security costs 11,066 8,318
Other pension costs 3,729 3,307
210,900 162,651

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

31.3.24 31.3.23
Operations and support 9 8

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


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 29,865 11,597 41,462

Charitable activities
Training, counselling and support 148,327 50,703 199,030

Investment income 257 - 257
Total 178,449 62,300 240,749

EXPENDITURE ON
Charitable activities
Training, counselling and support 147,446 87,521 234,967

Net gains/(losses) on investments (7,991 ) - (7,991 )

NET INCOME/(EXPENDITURE) 23,012 (25,221 ) (2,209 )


RECONCILIATION OF FUNDS
Total funds brought forward 219,933 121,202 341,135

TOTAL FUNDS CARRIED
FORWARD

242,945

95,981

338,926


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 158,518 2,208 292 5,230 166,248
Additions - - 2,210 895 3,105
At 31 March 2024 158,518 2,208 2,502 6,125 169,353
DEPRECIATION
At 1 April 2023 34,455 728 96 3,620 38,899
Charge for year 6,320 728 826 2,021 9,895
At 31 March 2024 40,775 1,456 922 5,641 48,794
NET BOOK VALUE
At 31 March 2024 117,743 752 1,580 484 120,559
At 31 March 2023 124,063 1,480 196 1,610 127,349

12. FIXED ASSET INVESTMENTS
Cash and
Listed settlements
investments pending Totals
£    £    £   
MARKET VALUE
At 1 April 2023 40,331 7,872 48,203
Additions 19,872 - 19,872
Disposals - (7,872 ) (7,872 )
Revaluations 12,169 - 12,169
At 31 March 2024 72,372 - 72,372
NET BOOK VALUE
At 31 March 2024 72,372 - 72,372
At 31 March 2023 40,331 7,872 48,203

There were no investment assets outside the UK.

The listed investments have a historical cost value of £62,331 (2023 - £56,195)


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,636 9,406
Other debtors - 347
Prepayments and accrued income 3,493 1,749
13,129 11,502

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 16) 6,800 6,800
Trade creditors 1,891 741
Social security and other taxes 5,023 4,073
VAT 5,114 6,109
Accrued expenses 800 750
19,628 18,473

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 16) 7,966 14,779

16. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year on demand:
Bank loans 6,800 6,800
Amounts falling due between two and five years:
Bank loans 7,966 14,779


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 242,945 26,786 331 270,062

Restricted funds
Capital 30,415 - - 30,415
Workshop project 48,629 (13,605 ) - 35,024
New Connections 12,707 27,416 - 40,123
Garden of Hope 331 - (331 ) -
National Lottery Community Fund -
New Connections

3,899

(1,574

)

-

2,325
95,981 12,237 (331 ) 107,887
TOTAL FUNDS 338,926 39,023 - 377,949

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 184,220 (169,603 ) 12,169 26,786

Restricted funds
Workshop project 25,932 (39,537 ) - (13,605 )
New Connections 172,821 (145,405 ) - 27,416
National Lottery Community Fund -
New Connections

13,000

(14,574

)

-

(1,574

)
211,753 (199,516 ) - 12,237
TOTAL FUNDS 395,973 (369,119 ) 12,169 39,023


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 219,933 23,012 242,945

Restricted funds
Capital 32,258 (1,843 ) 30,415
Workshop project 78,950 (30,321 ) 48,629
New Connections 9,994 2,713 12,707
Garden of Hope - 331 331
National Lottery Community Fund -
New Connections

-

3,899

3,899
121,202 (25,221 ) 95,981
TOTAL FUNDS 341,135 (2,209 ) 338,926

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 178,449 (147,446 ) (7,991 ) 23,012

Restricted funds
Capital - (1,843 ) - (1,843 )
Workshop project 7,090 (37,411 ) - (30,321 )
New Connections 42,210 (39,497 ) - 2,713
Garden of Hope 500 (169 ) - 331
National Lottery Community Fund -
New Connections

12,500

(8,601

)

-

3,899
62,300 (87,521 ) - (25,221 )
TOTAL FUNDS 240,749 (234,967 ) (7,991 ) (2,209 )


Lochaber Hope

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.