HOPE RAISERS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11849855 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

HOPE RAISERS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HOPE RAISERS COMMUNITY INTEREST COMPANY

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 12,402 0
Total fixed assets: 12,402 0
Current assets
Cash at bank and in hand: 4,505 0
Total current assets: 4,505 0
Creditors: amounts falling due within one year: 4 ( 16,916 ) 0
Net current assets (liabilities): (12,411) 0
Total assets less current liabilities: (9) 0
Total net assets (liabilities): (9) 0
Members' funds
Profit and loss account: (9) 0
Total members' funds: ( 9) 0

The notes form part of these financial statements

HOPE RAISERS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Stephen Jefroy
Status: Director

The notes form part of these financial statements

HOPE RAISERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases Freehold Property had no depreciation calculated

HOPE RAISERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 0

HOPE RAISERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 0 0
Additions 12,402 12,402
Disposals
Revaluations
Transfers
At 28 February 2024 12,402 12,402
Depreciation
At 1 March 2023 0 0
Charge for year 0 0
On disposals
Other adjustments
At 28 February 2024 0 0
Net book value
At 28 February 2024 12,402 12,402
At 28 February 2023 0 0

HOPE RAISERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,670 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 14,246 0
Total 16,916 0

HOPE RAISERS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Financial Commitments

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

COMMUNITY INTEREST ANNUAL REPORT

HOPE RAISERS COMMUNITY INTEREST COMPANY

Company Number: 11849855 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Hope Raisers is a Community Interest Company created to provide social work, education, care and art facilities and support those with similar projects in the Norfolk and Suffolk area. Hope Raisers has been working in partnership with a local church in Diss called Hope Church and a national charity called Hope Into Action to facilitate the purchase of a house in Diss to house vulnerable adults with learning difficulties. Hope Raisers has a 5.71% share in the ‘Hope Raisers House Trust’, made up of 14 investors from the local community, which has purchased a two bedroom house. Hope Raisers has leased the property from the trust for a five year period and now houses two adults with leaning difficulties who were facing homelessness following the death of their mother who was their sole carer. Hope Raisers has employed a Support Worker for eight hours per week to directly support the tenants and manage a volunteer group that acts as a friendship and support for the tenants.

Consultation with stakeholders

Hope Raisers consulted with Samphire Homes, Hope Church and Hope Into Action to identify and find tenants for the property that were in immediate risk of homelessness and needed urgent support. Through this we identified two tenants who would have been at high risk of cuckooing if placed into a regular housing association property with no additional support. We are now in a consultation process with Hope Church, Hope Into Action and other local charities to identify where the biggest need is for further houses to be managed using the same model.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 November 2024

And signed on behalf of the board by:
Name: Stephen Jefroy
Status: Director