REGISTERED COMPANY NUMBER: 02588103 (England and Wales) REGISTERED CHARITY NUMBER: 1003859 RECEIVED 2 4 SEP 2025 BY: STRATEGIC REPORT, REPORT OF THE TRUSTEES AND AUDITED CONSOLIDATED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR HOPE HOUSE CHILDREN'S HOSPICES AND SUBSIDIARIES DRE & CO IAudlt) Umlted 7 Lower Brook Street Osweslry Shropshlre SYII 2HG HopeHw5eCts4dien's H05plce5lA(ornpanyllrnlted trywarnnteel CONTENTS Reference & administiatlve delalls Letter from the Chalr ol Tlustees Oblecllves & Actlvltles Our Mlsslon Goveinance slructuce & Mana8ement Prlnclp)l R15ks 10 S¢rate8lc Revlew 12 Acllvltles lor AchlevJn8 our Oblètllves 14 Otsf Impatt IS Our Fundralslng 17 Our Plan5 for the (utUTe 18 Flnanclal Revlew 20 Trustets, Responslblllty Stalement 11 Report of the Independent Auditor 14 Consolldaled Staternent ol Flnanclal Act5vttles 25 Consolldated Balance Sheet 26 Charlly Balance Sheei 27 consor￿ated Statement o( CashlFows 28 Notes lo the Flnanclal Statements TTUStees' report and consDlklated ￿na￿kISt?terne￿ts lorthe yearended 31 Decem￿¥ 2024 HopeHwstChlktrefi'sHO5PtttslA((¥np￿hMIiedtyWè￿￿Ite] REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAft ENDE031 DÉCEMBER 2024 Thisteès Apptslnièd Ollk•is ol the Board Stephenfl Henlv BaFbara J Evan5 Phlllp R Inch Chalr Vlcechalr Treaswer Company Mana8lnÉ Dlrector Reiired local Governmentolflcer Rellred Flnanclal Dlrector Membwsofihe8oard Sarah Grflflth Dr Svprlya Kapas Grderne Haikness Kelly Mlller Gary Mortort DrDavld Sharp lean Watt Andrew M¢ids Wctorla Haieldlne HR ProleS￿onal aualltyA5svrance Pharmatlsi Retlr¢d Head Teacher Solklloi Groupchlel Executfve General PractltlDner Reiired Constsllant Paedlatdclan Company Dlrector Qualrfled Learnln8 D15abllnies nurse Resl8npd 2510312025 Reslgned 2010312024 Resl8ned 2010312024 Appolrnted 2610312025 Indtpendtn¢ Dlr¢¢l*yS DI Hw {TridI￿> Ilmknl W Andrew Ferws AnditwTGoldsrnlth Indtpende•l Dlre¢ton of Nope Noust I￿11¢ry} i￿￿thd Stephen RHen Phlllp R Inth Gary Morton Kelty Mlll¢r Company ieihieied b)umber Chartty ièiliiel￿ number. ?588103 I(￿3&S9 ReA5st•itd offlco: Nont Lane, Morda, Oswestry, Shropshlrt, SY1098X Compgryseuetary Andrèw T Goldsmhh (hw Exe(ulhT• ollk•t Andrew T GO￿5m1th Exeiulfveleidttshlp ttam Slml Epsleln KarenWdRht W Andiew Fer8US Dlredorof lht0mèGtnèrai￿fft and Comrnulll￿tkn Dliectorol Care Dlrettorof FIft￿te, People ènd Resources INlepeTrkniAvdiiors OIIE and ColAudltl tlmtied. 7 Lower Brook Stfeèl. Oswesiry.Shropshlfe. SYII 2HG bènkers HS9C Bank Pk,The Cross, Oswestryi Shropshlre. SYII 25R Solklto lanyon 8owdler. Chapter Housè North.Abbey l•wfj AbbeyFwegai¢ Sh¥ewsbLKY. SY3 SDE mawer In¥esiec Wealth & Investment Llrnittd. Cosmoft Plaia.Colmore Clriv5. Btrmknzham. B4 6AT Irr4Èthrt a￿v￿Or tiest Pradlce IFA Group, Belmont H￿J$*. Shrewsbury Business Park. shrews￿ry* Shropshlre. SY2 61G Twsttes, rtpert ènd consolklèiÈd fin•ndaF£iattmhtslor ihtyeot ended 31 Decembef 2024 Hope FI￿￿e(h)kIre￿ts HosplceslAttrTrpanylmMed b¢Dthwteel LEfTf R FROM THE CHAIR OF TRUSTEES Deèr Stakeholder, l am plE35ed to wesent our annual repDrt and acco￿1$ lor theyearerhdlnB 31d December 2024. A yearthat marked a s18ntfiiant Step chanRe and renewed cladty ol Purpose for ouf Chaflty- At the end of 2024. 259 chlldrefi wère reR15te￿d wlth us. Thls represents Ivst ovei JO% of the total number ol thlldren In our community we belleve wlll be livin8 wlth 3 lile-threatenlng condltion. We know that there are more who could beneflt Imm hosplce care. One ol the key plllars ol our m1s51on 1$ to reath every chlld Irom the polrEt ol ihelr dla8aosls. In Marth 21)24, the Board appioved è new ￿l$s1On lor the Chawlty. Sln(e then, we hèvÈ woiked io alloft the whole or8anlsaiion around thls new Puipose. l am Imme#selyproud ol Ouf remafkable ￿311 team, who embraced thls vlslon wlth tsnwaverlnR focus, dellvertn8 meanlnBful outiomes lof the chlldren and lamllles WE 5UPPOrt. DuilnB the year, we prO￿lled.. 2,458 nlBhts of planned resphe care; and 299 nlghts ol emergency Icrlsl$ care, seNlce whlth famllles iell us15 the most vital str￿ce ihat we offer. At year-eThd, 58% 01 the children re815teied wlth us were resldenl In WalES. FollDwlnA a stratt￿C declslon taken In 2023, nearly lox ol the chlldren we now svpport are resldent In Cheshtre up Irom 3% the prevlous year. A receht personal hl8hll8hi lor me was meetlng w￿h Inspectors Irom The Healihcare Inspectoraie ol Wale5 who had carrled otst a fQVilne Inspeitlon at Ty Gobalth, our hostyce In Conwy. HearlTrg the Inspectors share feedbèrk from parellls was deeply mDvln8. One parent's words have remalned wlth me,. -TN5 place Is beyond lfftwovernent.. l am Incfedlbly proud of the whole leam, workln8 together, Ilstenln8 to thè vlews and seekln8 to understand the needs ol all ol our 5ervlce u$ers, whtsse dedicatlon made thls posslblt. 2025 wlll be a mllestone year, marklng 30 year5 slnce Ihe charlty be8an supporflng chlldren wilh Ille-threatènlng condltlons, Over those years, chlldren's palllètlve care hès evolved $18filllcantly. Today chlldien ale Ihanklully Ilvln8 longer. but often wilh very cornplèx condStSons. Each rnonth affjund len new refèrrals ale made to our Care Teèm. on avtra¢e seven chlldren and thelr limllle5 wlll meet our acceptanie crlterla and be8ln accèssln8 our ser¥kes. To remaln relevaDt and doHver prolesslonil carè and support for the next 30yeafS •nd beyond, It Is *Alal that we conllnue to Invest In OL¢r faellltles, our people, and the devÈlopmeni ol *rvlces that meet the chan8ln8 landscape ol chlldren's palllatlve cère. Statuiory fundlng remaln5 3 vltal+ yet Ilmlted, SOLrte ol Income for children's hosplces. We are very 8iotelul io the UK and Welsh Rovernments and NHS orgaThlsatlons for iheli support. Slètulory ltsndln8 representslust 13% 01 ou¥ total Income. around hall the proportlon recelved by adult hosplcts. The recenl Incfease In employer's Natlonal Insufartce tontrlbullons, anrsounced In the autumn 2024 bud8el, has added an addltlonal burden ol opproxlmaiely £ 240,(￿ annually. We wlll contln¢Je to ctsllaborate wll SECtor partners to advocète lo¥ Intreè3ed lundln8 lor all chlldrtn's hosplces In England and Waks. Hope House Chlldren's HosW£es tnloys extraordlnary publlc support. l am extremely 8raielvl toeveryone who donates thÈlr tSme, energy and creatlvity lo lundrnlse loi y5- and io all the donoTS who support them. 1115 truty humbllng lo witness Ihe Incredlble elforts ol Ind￿ldUal5 across our communlty who push themselves to thelr Ilmlt5 to false monÈy lor oui cause. Wlth ih15 5UPllOrt comes profound respon51blllty to steward our restsurce5 w15ely and ensvre osjr Impact and the publk benellt ol our wolk 15 as effectlve as It can be. l am pro￿1 to report that 84p ol every £1 4Ye spend Is spent ￿1￿cl1Y on dellverlng OLFr ¢h?dtable purpose. De3plte chèllengln8 tradlnB condlllons In our shops our total Income Increased by IO% on the wevious yeaf to i sta8gerlng £ 13.4rn. Whllsi igtal expendlture leached £ 13.6m, Investment Income enabled u5 to achleve o small sucplu5. Encoura8lngly, we have seen a 5lion8 performance $0 lar In 2025. Looklng ahead, we remaln focused on reachln8 every chll(J Irom dlaRn051st provldlng the prolesslonal rare and support they need, 3Trd falsln8 ihe money req￿red to do so. Imth yovr coniinued help. l am confident that we tan grow and dellver even more tare to those who need It. Dui5n8 Ihe year, we also undertook a ctsmprehenslve review of Our pay and benellts pollcy to ensure we remaln (ompetltsve and can attracl and retaln talented people to our team. We contlnue to Invest In ielevant trèlnlng and development lo ensure thèi our staff have the skllls and cornpeteneles requlred. Todayi we are supported by over 740adive volunteers. a 21% Increase on the year In revlew. Thelf iontrlbutlon e4Uates to Dver £ Imlpa In comparayve wage value wlth rnore than 70,(KKI hovr5 donated In 2024 alone. Wlthoui the suppDrt ol oui volunteors, we slmply coulrg not delfvef all of our seivlces. Thank you, to each and every volvnteer, foryour Ilfeless cornrnltment and enthvslastn. TntstÈEs' report artd cwsrlidoled Si•teMentSf￿ ihe year ended 31 Decembtr 2024 HopEHoweCWien'5H(wkes (A rthnpanylmhedtyswr•nt¢tl LETfER FROM THE CHAIR OFTRiISTEES ICONTINUED) Flnèlty, I would Ilke to Ihènk our Bo3rdg1 Trustees: ourdedl(aled 51aff èTKI our Incredible viJlunteer5 for thelr contlnued commltmeTrt and passlonate support for Ihe cause. l also extend heartlelt ihanks lo everyorte who lundraises, donates, vlslls our shops, plèys ouc lottery. or supports ils In countless ¢ihei ways. There are fartoo maThyto mentlon kndfvldually, but please know we re very 8ratolul ¢0 you all. Siève Hon1¥ Chzlr of Trustees 26" Jyne 2025 Trustee5' rtport and (Msolldated finJntl•lstaiementsfor IhEyeaF ended 31 De£fl%ls. palll3tfve and end of Ilfe caie support.. 11111 p5ycho-soclal support. Includln8£ounselllng ¥ndwellbelntsupport lor thtthlldFen and young people thelr1omllles- lfvl death and bereavernent servkes lor thelr 13mllles,' Ind Ibl the lamllles of bablts. thlldren and ytyJn8people who havedled In othèrclrwmstances ihrouRh bèreavomefit supp ppolntment of tiusiees Our Board of Twslee51s elecled underour yNernln8 document. Tiustees the￿ tlme wjljnlarfty, rKefve Do Ilnancl?I benefits, ond brlng 4 wlde rlrtge ¢1 skllls anLI expèrlenre. In 2024. we refreshed our irnsiee body with new appokniments and conllnuÈd to strÈnglhen goveinance thr£wJ8h anfival appr4￿>1$ and tialnlD4. ThÈ Membe¥s ol Assoclaik)n have conskleted detwmlfitd not to set a maxlmum number ol ¢erm5 01 offke th•t a iwsiee mly serve as 1115 leli a mlx of experletbced and new tru5¢ee$ 8lvts the 8oar¢J b•lafiet. Irnp051n8 a rnaxlrnum number of terrns a Iruslee can 5eNe woultl unnece55arlly cause the loss of skllls, knowledge and experlence •nd rl$k the loss ol Instltirtlonal memory, ttsllllnulty, and ablllty to exeic15e ellettlve 8overnafict. In 2025 the Btsard, commlttee and governance stffucluie win be re¥lewed a5 Part of the progiamme to •1180 the chadty behlnd the new purpose. Followln8 thai ievlew, a trLtsiee re¢fuiim?fit exwclse wlll be undertaken io bilng In new itusiees who share the charltvs purposè and brln8£ompllmenl•ry skllls ¥nd expedence. TIu5tee Inducllon li•lnln8 Jnd develgpmenl New irvstees undèr80 an Inductlon protess io ènsvre that they can underta*e ihelr duiies. thJrlnR 2024, tiusièts eomplèied trolnlng In ihe lollowlnB subleas'.- Chirllable purpose and I￿ernIng dooJm*nis Rbkrnana8ement Sale8u•rdlnR chllLlréfi Jnd vulrttrable adtslts Includin8 depilvatkM Conflld of irtteresl and loy•lty ol Ilbertles Data piotedlo Equallty and dhfeisltv strale￿cbL￿￿etIfi8a￿d fknanclll m•naÉemeni Trustees undertake an annual apprabsal wrth the Chalr olTiu51ee5 to kIent￿areaS of concern. Interest bnd develorynent. Ori•nlsBtlonBI stivclure and de¢11￿￿ m•klrb The Board ¢1 Tiustee$ 3dmln15lers the chartry and meets quarterty. The Ooafd has e5t3bllshed a sptcla115t ttsmmltttè Slwtturè to provlde an Élficjent rnethafilsm lor dls£har8Jn8corporate ind charitable 8f*•ern•nce r*sponslbllilles. The commlltees In plète dtsrln8 2024 wwe.. Cllnlcèl Goveinance I￿Orne and Inve5tffleTht Audit aThJ HR •nd Rwthvmerath)n A Chlef Executlve Offlcerls appolnied by thE Trustees to rnana8e the day-ttrdayoperntjons ol the charity. To laillitète effect￿¢ operatlons, the Chlef ENecIrt￿e hès dElegaied authorsty IOT all operatlonal fnatleis.wbthln the t￿m$ appr￿1ed by tho Twstees. Related Partles Hope House ITradln#l Ltd. and Hopp House (Lottery) Itd. are whrlty owned svhkjlarles DI Hope House Chlldren'5 ll05pk￿ and afe £Onsolldèted a5 Pèrt of ihe charlvs accovnt%. Hope Hwse ITradln8) Ltd SÈUS mÈi£hand15t and Hope Hwse ILoiteryl lid Nns the weekly lottery and regular raffles. Twstees represenl the chailty on the subsldlary Board ol Hope H¢use (Lotteryl lid and the Chlef Execulhe and Olredor of Flnènce, People afid Resource5 on the sub51dlary Board ol Hope HI￿$È ITiadlnEI Ltd. Twsiees, feport ron50Nd•ted fiTronrtsl stalements fortheyedi ended 31 Oe(efflbEr 2024 HopeHw5eChlklien'5HosFkeslA¢ryDp•ryknftedtyWaon￿ej PRINCIPAL RISKS The tlU51ees have assessed ihe major wlsks io whSch the charlty ￿ exposed. Board reassuran￿ Is provtded theAudlt and R15k committee whlch coThsldeis the hl&hest stfaie8lc rL%ks annualtywlth contlNou5 monliowln8. Crfll¢al and hl8h ilsks to dellv¢rln8 the (harltsble puwpose ihot wefe f•ctd by Hope House Chlldren's Hospkes ol thestart of 2024 The chèrlty lacks dlrectlon. 5trate8y and fO￿ard plannlng. Our current charltable pucpose Is very bfoad, kadlnz to spreadlng our rtsouices too ihln and creatln$£ompetlng prtoiltles. Yruslee body lacks relevani skllls or commltment. The fellremeni of a number of Irustees has redu£td ihe (ollert￿e experlence of Ihe truslee5 and fecrnlllnAirustees wl¢h somesk1115 (such as paedlatilc nuislDgor medlclnel femaln5 challen8lnK. It 15 unknown11 the serylces curientlv provlded best meet berteflclarle5 needs. There are chlldren wlth Ilfe Ilmltln8 condmlons who do not attes5 our 5ervke5 and we do not nffessaFI￿ knowthelf needs. There appears to be cOmmun￿leS ihat are underrewe5ented •5 beneflcl•¥les and we do not know 11 ourservlce5 mett theli needs. Insulflclent Income to mèet pliThThed expendlture. A deflclt bjdgets w•$ ￿lfined for 2024. cufreni poslllon Is reslllent due lo surplu5 re5eThes. HL)wevef. vnless long ieim Income can Incréase In IlThe with Incieased seryke costs then seNlces ctyJld need io be reduced. Impa£tln8 famlltes and staff lob secvrlty. SIBnlll£ant reduciion or 1055 of statutory settor lundln8. Stalulory fundln8 atcounts I¢N •round 13% of annvJl Income and theiefore thè Impact would be slgnincant If th15 was lost, Poltntlalty leadlnB to redu(Ilon In se￿Ice and staff redundancles, wlth ct ¢)n morale and ie iatlon. Throughout the year. f15ks and the ellertlvertess ol mltl8atlon measufes a￿ monltored, and arty new rtsks Identlfled. At tle end ol 2024. the followln8 POtenll¥l rlsksw*r¢ Identined as lallln8 Jbove the charws rlsk appetlle. Ciltl¢•l and hl8h or8anls¥tloD•I rhks *nttrlni 2015 rmstee body lacks relèvant skI115 or comrnllmenl. An enK•&ed and ￿￿erSe h)ard slrengthens the charilTrls leadershlp, dec151on-makln& ind publlc trust by ￿￿•£[n8 varSed peispectfves, I￿ed expeilences, and ailfve wmmllment to Its mlsslon and iovernance. The Chlel EX￿￿t￿e and Chalr of TfUStee5 are ¥evltwln6the Board Governance sirurtures and trustet obll6atlons and lollowlfj£ consuliitlon wlth exlstln8 tiustees wlll rtport to the Board on new •ffèngements In Maich 2025. Intludln8 propos•ls lor irustee reiiullment. Irssulficltnt Income to meet planned expendltuft. Adef￿￿ bud8¢l has been sti 2025 wilh costs substanllalty Impacted bythert are a Iilelln<. Care was prO￿ded at Hope House In Mofdè neaf Oswesiry. Shropshlre and T* Gobalth In Corwry, North Wales. èt home and In the commufilty. Bereavernenl support was provlded lo any famlly after the death of iheSrchlld- whether or not we had pievlously (ared for thEm. To fund the provlslon ol care the charlty recelved fundlng from statutory sources and ralsed lunds by donatlons, throu8h the sale of donateil 8ood5 and by the operatlon ol the subsldlary iradln8 companles. one that sold new good5 lor the benelll of the charlty and the other that operated our lotlery. Our care serylces and support. How we helped chlldren and ih*lr famllles. In numbers 259 chlldren and youn8 people reg151ered wlth v5 127 new referrals Tecelved, B9 accepted 301 lamlly membtrs ftctfved covThselllng and bereavement support 132 brothers and slslers re8lstered lor seThlce5 169 chlldren recel¥ed 2,458 nS8his ol planned rtspbte tart and 299 nl8h15 01 emeroencylcrlsls care 33 chlldien known lo us dled dulln8 the year. 2 at our h05plces 2(￿ famllles re£elved practlcal suppgrt, In¢ludln8 home v1511s Catchmenl Arèa Hope House Chlldren's Hosplces support5 chlldfen and lamllles. fesldent In Shropshlre, Cheshlre, North and Mld Wales. 57% of chlldren reBlstered were resldent In Wales and 43% In England. As In prevlous years the lar8est number ol chlldren are resldent In the Betsl Cidwalhder Unlverslty Health Board area (North Wales) followed c105ety by Ihe 32% resldeTht In the Shropshlie. Tellord and Wrekln Inie8rèted Care Board Area. UM• In 2023, Prolecl Whea¢sheaf w35 edabllshed lo Increase the numbei ol chlldren In Cheshlre sVPPOrted. As a result ol ihls prtslttt, tht proportlon ol ie8lsiered thlldren has Increased Irom 3% In 2023 to 9.7% by Ihe end of 2024. Rea¢h Bèsed on the most recent Offlce lor Nallonal Statlstlcs data, wlthln our ￿tchment area we support a populatlon ol around 2,106,362 wilh a Ihlld populatloTh 01431.338. Applyln8 the prevalence data Ifom the most recenl reseaich, It would suggest that there are appioxlmatety 2,564 chlldren wilh LTCS In our catchment. As ol December 2024, 259 chlldren were re8lstered wtth us whlch eqvales to an esllmèled 10.1% ol chlldren wlth LTUS wlthln ovr ialchmenl are3 allhouRh thls varles up io over 20% In some tommunltles. Not all chlldren Identified ln the iesearch wlll need or wani h05plce seivlces however, underslandln8 need, remo￿￿6 barrltis and Increasln8 reach are prlorltles golng fo￿ard. Tiuslee< reprrft and consolthted flnantlalstattfflents foi thtytartnded 31 Ikcember 2024 Ho￿H￿se(hI$Sre￿￿HO5pkes(A(I%thPO￿ykn*ed tyeuaTrDteel ACTIVITIES FOR ACHIEVING OUR OBJECTIVES ICONfiNUEDI Age rAn8e lor support We 5UPPOrt chlldren and youn8 people wlth Ilfe Ilmlllng condltlons from 24 weeks eestat￿n untll th¢lf 18th Birthday. Transltlon support tontlnues for anothei 12 months. Hgsplce Cgre Hope House Chlldren's Hosplces operates two hosplces. Hope Hovse In Morda near Oswestry, Shropshlre and Tl Gobalth In Conwy, North Wales. Overnight stays at Ihe l)ospices 35(KI 2(Xl c 25 famllles tell us that they rety on ihe hosplce for overnlghi iesplte ènd It Is the most lrnportant ser¥lce that we oller. 8lvln8 parent carers a break from thè Intense care that many chlldren wlth Ille-Ilml¢lnB condltlons fequlfe and care, experleThces and opportunltles for chlldren that Impr¢)ve thelr qualltyof Ilfe. 15(Kl so 2018 2019 2020 2021 20?? 2023 2024 Year Number ol bed nl8hts ￿NUMber of chlldren slaWn8 Ourlng 2024, the number ol chlldren 51ayln8 ai Ihe hosplces and the number ol overnlxhi stays fell as we dlschar8ed young adults Irom ihe servlce. The average nlghts pei chlld was 16.3 nlBhtS. Conllnylng to optlmlse occupancy of the htsspl¢e for resplte stays Is i prforlty In 2025. De•th5 •nd ènd.ol.Ilf• Over the last 12 months we contlnued to prlorltlse end of Ilfe care. where posslble 8lvlnB chol¢e of whert a chlld dled, whether that be at home, In the hosplce or In h05pltal. Thls Included Ènablln8 crltlcalty 111 bables and chlldren to be tiansfeifed oui of ihe neonatal and ¢rllltal care unlts to thelr preferfed place of death Ihospke or homel. 33 chlldren we provlded support lor Sad￿ dled In 2024 Indydln8 2 who dled at one of our hosplces. Prevalence estlmate5 5U88esi these 33 chlldfen made up 56% of thlldren wlth LTC5 expecied to dl* In 2024 wlthln ourcatchment area. Compl•x n% a(tlon5. and actfvllles to ensure Ihey remaln at the heart of eve￿hIng we do. Dvrlne 2024, we fecelved 171 ie5pon5es vla our complalnts. concerns and compllmenl5 5y51em. 96% 01 the feedback we recelved was posltlve.198% In 20231. Here Is p Small sample of the poslllve feedback recelved. Mum had sald she was able tosft wlrh herd•ughter Whil￿ they both had thelr lunch. wlth her beln8 paln free and relaxed. Today after 3 years of stru88lin8 that dream ameinje. Thanks for all that YDU do. Just a qulck note to thank everyone for making our first Vlslt toTy Gobalth w spedal. We all really enjoyed It and we feel Jhe Coped very well conslderln8 that thls was the first tlme She 5 Stayed away from home and let someone else look after her. She was In very safe hond5 and everyone dld ihelf besi for hor. We were also spollt so thank you everyone. Please pass on our ihanks to all the staff. We're already lookln8 forward to comlnB back. Amazlnc support recolved from neonates ¢•am. very ir•teful to h•ve Hope House helpln8 durfnz one af tlie worst times of her life and how amazlnK everyone Is at Hope House Takin8 the tlme needed to really 8et to know our dau8hter, to understand how she presents and to keep trylng to glve her and us a better quallty of Ilfe. Nothln81s loo much trouble and feel so understood In ihe reality ol daily Ilfe." "Actlvely listery Gire. research and cO￿rdInate support-. "LIMenin8 to concerns. takin8 them on and puttlnB a plan In place qulckly. Complalnts We recelved I complalnl and 4 ne8allve comments ie8ardln8 care dvrlng the year. The makn reason lor concern was the redudion In the upper aRe rar*ge for our cllnlcal svpport ffom 25 10 18. The complalnt was partbally upheld and actlon taken and the ne8at5vè feedba£k was used io revlew and Inform Improvements. TrusteÈs' rtwtand consolldated Ilnanrl41 slatements for ihe yeai ended 31 OtcembÈi 2024 HopeHoUSe(hV￿ltThsF1OS￿e%1A<0MPanYImhed ￿￿￿ranItel OUR FUNDRAISING 2024 was our 30th year of provldlng care and svpport and throu8houl that pertod Ihe charlty has relled on our exiraordlnary supporters and thelr unfalterlng support. We are elernalty gratefvl to all those who contlnued to donate to us and to ralse money so that we can help every local chlld wlth a Ilfe threatenln8 condltlon lfjve thelf best Ilfe. In 2024 we ralsed E6.1 mllllon from donatlons and le84cles tompaied to E5.16 mllllon In 2023. Thè chart below shows total fundralslfi8 Income for the last 5 years. The drop In Income In 2020 and 2021 due lo the pandemlc can be seen, however 2022 shows a dramatlc recoverywlth the grovAh tontlnvln8 In 2024. t7,lY)O.OC4) 5,855.691 6,108,580 E6.000.( 6,158,594 £5.000.000 £4,297,681 £4R71,149 t4.OOOMOO r?.000,000 tI.000,LK)O 2020 2021 2022 2023 2024 2024 had notable lundralslnx successes Includln8.' Llangollert Canal Walk saw SCKI Partlclpantsloln the eveni and over É30.(W ralsed. The Annual Track Doy event ralsed ihe most ever In Its 8 year hlstory at £103,335 Over runnefs took part In Cardlff Hall Marathon thanks to support from Prbnclpallty 8ulldlD8 Sodety ralsln8 a total of £63A43 Rallle mallln85 ralstd over £IIO,(JXI al ChiSstma$ 2024. Our Quallty Moments Mattel matthed &￿Ing campal8n Talsed É496.759: thls wès8eneroied by 26 matchers. 143 chJmplorts and ppioxlmately 2,772 donors. Retall contrlbutlon Durln8 2024 we operaled 15 shops and an onllne and mall ordef shop. We relocated our shop In Oswesiry In Aprll to a IFa8 5hlp new store and we closed our shop In Denbl8h In June. Hope House Lollery The Hope House weekly lollery Is run In conlvnctlon with our partner SlerllnK Lotterfes who diaw the wlnnlng numbers every Fflday Iwww.sterll lotieries.co.ukl. The Hope House lottery belonKs to ihe memberRfOUP HLA www.hos Iceloiteries.co.ukl. We aLlhere lo the Gamblln8 Cornmlsslon reKulatlons Includln8 contflbuilng to be8ambleaware tath year. Dvrlng the year we contracted ¥￿th late-to-lace canva5s1nB axencles and Indlvlduals to reciult new supporters ¢0 the lottery throv8h a comblnatlon ol resldentlal door to door fetiultment and at venues. Our loltery has drown from stren8ih io strentih over the lasl Ioyears and we ended 2024 wlth a total of 30,525 lotlery playe¥s and a total of 37,IK)84 tlckets sold In the lasi draw ol the year. Compared to 2023 thls Is an addltlonal 1.426 aclfve loltery playeis ai year end. Our futvre strategy Is to malntaln player numbeis ¢hrouBh recrultmenl and a Iocv5 on player en8a8emenl to reduo tancellatlons and malntalnlnB profltoblllty. Trtsstees. ieport and con5dld4ted fl￿a￿lI statements forthtyear ended 31 Decembev 2014 HopeHtyJseChthJren¥H05￿f￿￿A<¢lnp￿1MN￿￿￿aIaTrte£1 OUR FUNDRAISING {CONTINUEDI Year-end Lottery Ilne$ 2014-2024 34e40 3fj￿7 37P84 31021 3IA35 24595 14400 13WJ 14 1015 li +J?14 +4459 +4744 Our fundralslnB 5tand•rd% Doners, supporters and volunteefs can be Confldenl that Hope House Chlldftn's Ho5plce5 complles wllh Iht re8ulalory standards lor lundra151ng. We are re8lsiered vAih the Fyndralsln8 Re8ulator ar￿ arè tomrnltted lo the FUr￿raISIng Promlse and adherence to Ihe Code ol Fundralsln8 Pracllce. Our rep￿atIOn with those who need our servltts and ¢0 those who klndty donatt ¢0 us Is paramount. We therefore make the lollowlnB promlses io those who so klndly support us- We compty wlth all relevanl law, ie8ulatlons and codès ol piactlce and ensure Ihèi those who are contracted to work wlth u5 under5larbd and adhere to them In thelr entlrety. We ie8ularly monllor performance and have Fobu5t coThlracts In place to ensure ¢ompllan(e. We treat the InlormatloTr supporlers provlde wilh the utmosi resped and vse It o￿V lor the purposes lor whl£h It hès betn glven. Supporters can change thelr prelerence5 at any Ilme, and we alm to Implement Ihose changes wlthln 2 workln8 days. We have a cornprehenslve vulTheiable peoplt's pollty ihat Is re8ularty re￿eWed and updaled ès requlfed. We re5pe(t and valut all conlilbutlons ¢0 the charlty and wlll never do any fundralsln8 actfvlty that moy undermlne our core values or Inte6rlty. We sometlmes enKage the servlces of thlrd partlts io htlp us dellver Ihe Ivndfalslng oblectlve5, Partlcijlarly wheie we do noi have the expertlse In house. We h3ve sale8uards In plate when workln6 wllh suppllers to prolecl our supporters and the rtputatlon of our charlty. WE alm to ensure Ih05e a8encles we employ also ob5erye Ihe hl8hest standards In terms of fundralsln8 practlce. We manage and monltor the work undertalen on our behalf and have iobvst contracts In place lo ensuie that all acttvllle5 are cairled out to our hl8h standard5. We ale s18ned up to th* FUndraI￿n8 PTelerence Servlte io tnable Indmdvals to opt out from recefvln£ fundralsln8 communlcallons Irom us. Llslenln8 to suppoil•rs and addresslng compl•lnts We take leedba£k serIous￿ and althou8h we slrlve to reCe￿e no complalnls. when we dld, these were prlorltlsed and InvestlRated, ful￿4 qulckly and lalrly. Wheie a cornplalnt wa5 upheld we learnt Ifom our m15take and pul In effe￿1ve me35ure5 to Ilmlt lurthei d15lfes5 or complalnts of the sarne nature. Ovf websltt ouillnes ovr tomplalnls pollry and tlearly explaln5 how an Indlvldual (an complaln. The followln8 tomplalnls were rec¢l¥ed In Z024 ¥*iardln8 our fundr•lsln8 a¢tfvrtv. Reiall.. 8 complalnts-6 upheld and actlon taken. FundraSslng IndvdlnB lottery.. 10 complalnts- l upheld aThJ actlon taken. Glven the level ol èctlvtly and volume ol tiansadion5. the level ol complalnts iemalns very low. We fecelved no tomplalnts or notllicatlons vla the FundralslnB Regulator. Tiusiet< report3nd corbsdldaledllnan(l•l si*itrrbÈnts lor the ￿reThded 31 Oethmbtr 2024 HopeHou*(hlldren'sHosWce5(AcMip•tyfmited lryyarnnteel OUR PLAN5 FOR THE FUTURE DurlTrd 2025 we wlll focLPS on allgnlngthe charfty behlnd our new PUTP05e al￿. In partlcular. delfveilo% ihe follDwlng OLrtcomes. Pro¥ldln8 professlonil core •nd support Improved assessmeni ol the needs of chlldren and lamllles and the Identilicailon and removol of barrlers to se￿Ice a£cess. Speclftcatlons and opeiatlnÈ models for Care servkes allgned to ihe puipose. A liamework lor engaelngthe vlews ol serylce users and Inc¢Nporatlng leedback Into declslon makln£ and change. Sale. Incluslve. and Imp4Ctlul phy51cal +n￿rOmie￿Is lor the delfveryol Care sef¥lces. Réachlnrf t￿ry chlld from dl•iDg$1s A conllrmed calchrnent area lor both proactlve and reocllve #cllvlty. and a clear understandlng ol seNke Lrfer need 8Trd the support avallable throu8hout. Grebter Influence on cllThlczl professlonals to Inte8fale hosplce support Into cafe pathways Irorn the polrtt ol dla8nosls. An Increase In the number ol honesi, tffecifve. and tknefy conver5allons wlth famllle5 whlch lead to Informed cholce about acces51n8 SLlPPQrt. Mole Ilmely processlttg ol new rèlerrals and eflectl¥e communkaiton and support for lamllles durtng the relerral process. Ralsln8 the monev An Inte8rated lrtcornè Éeneratlon str8teKy Ilndudln8 $10t￿ory Income) alwned wlth seNlce prlorltles and pwpose messa&lD8. io. Improved methanlsms for del￿elIng best valut. IncludlnB montloflnt ieturns on Invellment and undeislandln8 the Impact of funded role5. A wéll.run ori•nls•llon 11. An en8a&ed ond valued worklorce wlth the 5k1115 and knowledge to delfver the purposÈ. and behavlours reflectlng ihe organlsatlonal values. 12. A robust and flt.for.PUfPOSt 8pproach to pay anil pwformon¢¢ reylew. 13. Governance 5tTV¢tures all8ned to PUlP05e Includlng bo•rd actlvlty. chan8e rnethodo1o￿1 procurement pra(tlces ond Informallon 8overnance. Tru5tees' repc41 and con5011d•ted lIna￿la1$to1eMents lorthEyt¥tmdtd 31 Decembei 2024 eHWse(hWJreb'slkts￿s{ACtyTr￿vkn￿edty￿3￿ntse1 FINANCIAL REVIEW The charity Is Iinanelaljy Stable. with stroftR reserve$ and a dependable svpportef base. Several years of surplus have put the charlty In a sound Ilnanclal poslllon, able to Invest In serylce 8rovrth and Income generatlon. Flnantlal performance In 2024 slgnlllcantly exceeded expe£tatlons and the recelpl ol an unbvdeeted graAt Irom Welsh Government at the end of the year turned a bud8et delicll Into a small surplus. Intomè Tatal Income In 2024 w35 £13.4mllllon1£12.2m 20231. Income frorn donatlDns and le8acles was f6.Imllllon. an Increase 18X fiom 2023. Our shops rnède a lower Contrfbutlon to thtr challty duiln8 2024 than In the prevlous year dve to lallln8 turnover. Incre35ed costs and the reductlon In value of textlle recycllne lrtcorne. Desplte these dllhculi tfadlng condltions, our shops made a net ton1rlbtrt￿￿ to the charlty ol over £600K a5 well as provldlng Important presence across our catthmenl area. In 2024 a new Interlm retall plan was appro¥ed, locusslNB on $tablllsln8 and maxlmlsln8 volye belore po¥lk)filn8 fof gr0￿h In 202S and 8rowthB In 2026. rhe Hope House Lottery remalned a sl8nlllcant Ind rellable Income sourc* In 2024. maklnB a net contilbuiion to the chjrlty ol £1.4mllllon. Hope Hovse Chlldren's HosplcÈs malntalThed stron8 relallonshlps wlth healthcafe con)mlssloners. who lTrve5ted In the sethceg WÈ dellvefed to local chlldren and lamllles. Dufln8 2024 Hope House Chlldfen's Hosplces recefved £1.8m In fundlnA Irom statLrtory bodles towards servlce provlslofi and capllal expendllure. Thls feprtstnted 13% 01 Income and 22% ol charftable expendlture, Whllst wè are Bralelul to the UK and W*lsh Govtrnrnents and P4HS or8anlsaiions In England and Walès lor ihe ftnanclal silPPOrt provlde. the fundln8 falls short ol the average lundlnK lor adult hosplcès and we contlnue to piess Ihe tase for lalr and sustalnable lundlng lor chlldren'5 hosplces. EXpendIt￿le Total pxpendllure In 2024 was £13.6 rnllllon an Increase of c.Él mllllon from W23 drlven by Incfeased sjlades, lftflatlon and Incfeased servlces. SIBnllicant Investment w35 mode In care se￿ceS Income Èenèratlon. people developmeftt, and $vpportlnB Inlraslructure. Charllable expendlturt lexclvdin8 Tradln8 and Lotttryl was £10.35 million. £8.7 mllllon ol thls wè$ on charftable attivllle$184%1, wlth ihe femairtlng £1.65 mllllon on ralslh8 lunds.I Reserves pollcy Hope House Ch51dren's Hospltes hold Iinanclal resetves to sèloquartl the futuce ol our tare and $￿POrt for chlldfen and lamllles. Should our Income Thot keep pace wlth costs over tlrne, we may Treed lo adlusi the level ol seryice5 we piovlde. 11 thls becgmes necessary, the trustees wlll plèn any chènRes wlth ereal care to ertsyre that chlldren ènd famllles ¢ontlnue to reCe￿e the greatesi PQ5slble berselit In Ilne wlth our charltable purpose. Re5erve5 are hel¢J lof the lollowlng purposei.. To mgna8e short ièrm Income shoiilallj Each Income slream Is assessed as to the Ilkellhood and de8ree of an Income shortfall. Aèsèrves are held a level sulflclent lo ensure servlce contlnulty lor 2 yeais If Income lJlls short ol forecast. whllst steps are iakefi io reduce costs. To odlusl ¢0s1s lo match Income Reserves are Iield to lestluct￿re costs In ihe event of Incomt not rneètln8 for￿35t. The money would prtmarlly be used to meet tlie costs ol redLfyc5nK the worklorce by up lo 25 To piovlde lor cal3slrophl¢ evenl$ Through è f13k maftaRement prottS5. we seek to rallonallse. quantlfy and avohl events uccurring and Insure 38alnst those rlsks thèt carbnoi be removed. However, there Is always the poteniial ol an unlDreseen c31astrophlc event octurrln8, 11 Is Imp0$51ble to quantlfy such an event but theie bs sense In holdlnE iesen•es to mlti8ate Impact or ald recovery should one octur. Lovel of Re5eThes For the perlod 2023 to 2025. reserves will be held at the levels below. If reseryes lall belowthe5e levels then aalon wlll be taken to reduce costs wsthin ihe followlnÉ 12 monihs In accordance wlth a8reed pilorltles, brin8lnB expendlture ènd Income Into balance. The level tsl reserves and compllonce wlth iht PDllcy wlll be con51dered by the Board ol Trustees ovartedy and the pollry wlll be revlÉwed by Oecernber 2025. Trustee5'1eport and IvnsDttdated finaj￿al staiernents for iheyeèr onded 31 Decembu 2024 HopeHwseChHdRrsS FlosrAres tAILynpanylmftedtyyJ•r*rf*l FINANCIAI IIEVIEW {CONTINUED) Mlnlmum rueNts •lyear*nd Puiposè lor whkh re￿1¥*$*re held 2023 2024 2025 To manè8e Income shortlalls 2.826.( 2,853.Cl)J 2,976,125 To adjust tosts J,cKo.( I,￿).( I,cw,c( To iespond to a cata5trophl¢ event 3SO,CO) 350,(KK) 350.CK Tolal 4,176.000 4,203AhXI 4,326,125 The level ol rese￿e5 have been determlned ihrough a rfsk based reserves ¢ak*Jlatlon that accounts loi hl8h levels ol uncertalnty over Income offsti by a lalrly statlc cost base. FollowlThg three years ol $18nlhcant surplus. reseNes 2023 were substantlally above pollcy and In December 2023 the 8oard ol Trus(ees establlshment of three deslBnaled funds (or the flnaftclal years 2023- 2025. Hosplces Modernlsatlon Ind Enhancement Fund- £I,(KQt￿j Relall Growth & Devel¢pment Fund- £5(X),(KKI Purpose & Impa¢t All£nment Fund- Él,S(K),(th). Unllke the contlngency deslknated lunds Ilor whlch thè re5erve5 pollcy determlne5 the mlnlmum level that must be m•lntalnedl, the three addltlonal funds were deslgnated with Ihe 5peclflc knièni io spend Ihem. Deslgnatln8 luTrds ITr this way allowed the trustees to Invest In pursult of the charStVs purptsse and demonsiiète to external funders ènd stakeholder5 why ihese funds are beln8 held, Invostmtnt ptsllcv The Investment portlollo Is managed by the Ints)me & Investment ¢omrnltie* of the Ooard of Truslees. In 8¢neral teims. the alm Is lo spread rlsk across sev2141 sedors as (ollows: Cash lrt UK re8Sstered ¢urceTht. dep051t gnd overnl8ht bank •ccounis. Shares traded the London Stock Exrh•n8e and oveiseas. Freehold and leasehold laThd. shares and oiher Invesiments doniled lo the ch)rlly (alter 8 lull Iinanclal revlewof the Investment •t the next approprlale In¥estmeDt ¢ommii¢ee meetlnB). Shares In subsldlary companles. Unlt irusts, open ended Investmènt tompanles. trvsl cofflpanles ènd the Ilke. Tlie Incorne and Investments comn)Iltee 15 mlndlul of Its key responslblllty ol ketplng the hnances of the chadty secwe and have therefore 3dopted a medltsm flsk Investrnent 5tiate8y. The wrnmltlee engaged the servlces ol Invesie¢ Wealth and Inves¢rnent Isub5equently Raihbonesl and Parmenlon Capiial Partners to rnan3ge the chaAWs equlty portlollo and recelved Independent Iinanclal advlce from Redbourne Wealth Mana8emenl. The performance ol the Investmenl Manager and Portfollo w•s ievlewed re8ularty ￿ Ihe Income and Investment ¢ommlttee and performance a55essed a8alnst the Bolallced AssEt Benchmork produced by Asset Rlsk Consultant5 IARCI. Tiustee5' report •4d tonsdidated f￿0￿1•￿5taItmt￿ls1￿r ihey3r ￿ded 31 Oecembe¢2024 HopellwseChiklien¥H05FkeslA(cmp￿Y [r￿ed￿￿•T￿nfrej TRUS7ÉES' RESPONSIBILITIES STATEMENT The truslees {who ale also dlrector5 01 Hope House Chlldien's Hosplces lor the pvrposes ol company lawl are responsible lor preparln8 the t¥U5tee< report Iinclvdin8 the gfoup LIIrecto￿$ and stratÈglc report) and the lin3￿131 statements In accordancè wlth ppliiable law a￿d UnSted %lnÉdom Accounting Standards IUnlteLI Kln8dorn Generally Accepted Accountlnx Pr6ctlcel. Company law fequlre5 the trustees to prepaie flnantlal statements for each financial year whkh g￿e a tfue and lalr vlew ol thp state ol allalfs of the ch?iitable cornpany and ol the Incomlne resources and appllcatlon ol resource5, Includln8 the IncDffle and expendltule, of the tharllable company loi that perlod. In preparlnB those Iinanclal siaiements. the Iwstees ale reqvlred io.. stled svlt3ble accovntSng pollcles and then appty them conslstently.. observe the melhods and prlnclplès In the Charitles SORP IFRS1021- make ludgements and accountlng estlrnates that are reasonable and prudent. slate whether appllclble UK Accountln8 StaTrdards have been followed, subject 10 aiiy rnèttrlal departures disclosed and explalned In the flnanclal statemenis; prepare the Ilnanclal statemeThls on Ihe 8olng ton¢ern ba555 unless It Is InappropTl3te to presume that the charitablè 8roup wlll ronlin4Ee In oper3tlon. The truslees are responslble for kee￿nI adequate accountln8 records ihol are sufftclefit to show anil explaln Ihe ch8fltable company and the group's trans3cllon5 and dlsclose wilh reasonable accur3cy at any Ilme the Ilnantlal posltlon ol the chafltable 8¥oup and enable thÉm to ensure thèt ihe IlnaTrclal statements comply wlth the Companles Acl 2fKfj. They Jre also fesponslble foi safeBvardln8 Ihe assets ol the charltable company and the 8roup and he￿e lor tallng reasonable Slep5 for Ihe preventlon and deteeiloTh Df Iravd and other Ifregularlllts. D￿clOSure of Inlorm8llon to 8udltors Each of the persons who are truslees at the tlme when thls IfUStees' report Is appioved has conlifmed that: s¢ lar 45 that ¢fuslee Is aware, there Is no réltvanl ovdlt Inlormatlon ol whlth the chirllable 8roup's au¢Jitors ère unawart, and that trustee ha5 lalen all the steps thai OUBhi lo have been taken as a tfvstee In orderto be aware ol Jny relevani audll Inlormatlon ènd io tstabllsh that the charltable 8foup's audltors ale aware olthal Infom)atlon. Thlx report, IncorpoTalln8 tlie 8roup straleglc réport, was approved by the trustets. In Ihelr capJclty as company dlrector5, on 261h JuThe 2025 and slgned on thelr behalf by.. Stephen Htnlv Chalr of Trusl•e$ T￿Slee5. repwl and ronsthjèted flnandalstaitmenislor the yew ended 31 D￿￿mber 2024 H¢)pellw5eChlWrens HO5￿(¢$ tAc(Mmp3nyllml¢edtybwar4ntrel REPORT OFTHE INDEPENDENT AUDITORSTOTHE MEMBERS Oplnlon We have audited the fin3n¢l31 statements of Hope House Chlldren's H05plces Ithe'charilable parent companrfl and hs subsldlarle51'lhe 8roup'l for the year ended 31 December 2024 whlch ¢omprlse the Statemeni of Flnancl81 Actlvitle5, the Balance SheÈt. Ihe Cash Flow Slatemeni and notes to the financlal siaternenls, In£ludln8 a summary of slgnificant accounilng pollcles. The finantlal reportln8 fiamewoik that has beÈn applied In ihelr preparatlon Is appllcable law and Unlted Kln8dom AccountlnB Standards IUnitÈd Kln$dom General￿ At￿pted Accounllng Piactke}. In Ouf oplnlon ihe flnanclal slatemÈnts'. - glve a true and falr vlew of the slate of the group and the charltable parenl companvs affalrs as at 31 December 2024 and ol Its IncomlnB res¢urces and application of resourcès, Including lis Intome and expendllure, fof theyear then ended,. - have been properly prepared In 8£cordance with UnltÈd Klngdom Generalty Accepted Ac¢ountln8 Practlce: and - have been prepared In accordancewlth the iequlfements ofihe Companles Acl I￿6. B¥$ls foroplnlon We condts¢ted our audll In accordance wllh Internatlonal Standards on Audltln8 IUKI 11SAs IUKII and applicable law. Our responslbllllles under those standards are further descflbed In thè Audliors, fesponslbllttles for Ihe audll ol the flnanclal slatements sectlon of our report. We are lrtdependent of the 8roup and Ihe charftable paieni company In accordance wlth Ihè eihlcal reqvlremenls th31 are relevant lo our audlt of ihe flnanclal slalemenls In ihe UK Includln8 the FRC'S Ethlcal Standard. and we have fulfilled our othef ethl¢al respon55bllltles In accordance with these fequliemenls. We belleve that the audlt evldence we have obtalned Is sufflcient and approprlale lo provlde a basls foroui oplnlon. Conclvslons relat1￿ to goln8 ¢onc¢rn In audltlnB the flnanclal slatemen¢$. we have toncluded tht the trustees, Use of the Roln8 concern basls of accountln8 In the preparatlon olthe financlal slatemenl$15 approprlate. Dased on the work we have peilorrned. we have not Identlfied any mèterlal uncertalntles relatln8 to events or condltlon5 thai, Indlvlduolly oi collecllvelyi may cast sl6nlficanl doubl on the 8roup and ihe charlloble parent company's ablllty lo contlnue Bs a 8oln8 concern fora peflod of ai least twelve monih5 frorn when the Ilnanclal slatemen¢S are aulhoilsed for Issue. Our responslbllltles and the respon51bllitles ol ihe Ifustees wlth respect to 8oln8 concem are de5cilbed In the relevant 5ectlons of thls report. Other Informètlon The irustees are responslble lor the other InformatloTr. The other Informallon comprises the Inform?Ilon Included In the Annual Report, other Ihan the flnanclal slatements and our Report of the Independent AudltOTS thereon, Our oplnlon on the finan¢SJl slatement5 does not Covei the oiher Informatlon and, except to the extent oiherwlse explltltfy 5t8ted In our report, we do not express any foim of assurance concluslon thereon. In connectlon wlih our audll of ihe Ilnancièl slalements. our responslblllly Is to read the other Infofmailon and. In doln8 $0. conslder whether the other Informatlon Ss materially Inconslsient wilh ihe financlal slatemenls or our knowledBe obtalned In the audh or olhenvlse appears to be MaterIal￿ ml5stoled. If we Identlfy su¢h materlal Incons151en¢les or apparent materlal mlsstaiemen15, we re requlred to determlne whether thls glves rlse to a materlal m15Stalemenl in the financlal statements themselves. If. based on the work we have performed, we conclude that there Is a malerlal m155tatement ol thls other Informatlon, are reqvlred to report Ihal fact, We have nothlll8 to ieport In thls regard. Oplnlons on other malters pre5cilbed bythe Companles Act 2006 In our oplnlon, based on the work undertaken In the course olthe audll: . the Informallon gfven in ihe Strale8ic Report and the Report olthe Trustees forihe financlal year for whith Ihe financlal Statements are prep3red Is cons151ent wlth ihe finan¢lal slatemenls,. and - the Siraieglc Report and the Report of ihe Truslees has been prepared in accordancewlth applkable legal requlremenls. Trustee3' ieport and tonsolldaied financlal ststements f4X Iheyearended 31 Decembti 2024 HweHw chéldfen'sHos￿oS IA c￿pany1￿￿1IQrtINWdrnn￿tl REPORT OF THE INDEPENDENT AUDifOi￿TOTHE MEMBEILS (CONTINUED) Matters on whlch we are requlied to report by excepvon In the Ilghi ol the knowled8e and vndersiandingof the group and ihe charitable parent company and Its envlronmenl obtalned In the course of the audii, we have not Idenilfied mateiial misstatements lrt Ihe Siraie8i¢ Report and the Ileport olthe Trustees, We have othlnB lo ieport in iespect of the followtn8 mailer5 where the CompanlesAct 2(￿ reqvires us to report to you if, In otsr oplnlon.. - adequate Accounting retoid5 have not been kept or ¥ettsrns adequate lorovr audit have not been receFved from branches not vlslied by us; or - the financlal statements are not In aEfeemenl %4lih ihe accountlng recordsand returns,. or - certaln dlsctosure5 0(Irustees' remuneratlon speclfted by laware not made.. or we have not Tecelved all the informatlon aftd explanatbons we requlre fof our audlt. Resportslbiii¢les of trustees As explolned niore fully lrt the 51alement of Truslees, ResponsSbllllles, Ihe iruslees (who are also the dlrectOTS of the 8roup and the charllable parent ctsmpany for ihe pulposes of company lawl are responsible for ihe prepafatlon of the financlal stalemenls and for beln8 sa115fied that they gfve a true and falr vlew, and for 51Jch Internal control a5 Ihe trvstees determlne 15 ne¢e5sary lo enable the prepaiatlon of financTral stalements that ale flee Irom maleilal mlsslateffteni, wheiher due to fraud or erior. In preparlna ihe flnancSal statements. Ihè i¢USiees èfe responslble for assessln8 the 8¢oup and the charltable pareni company's 8blllly lo ¢onllnue as a 8oln8 concern, dlscl0sln& as appllf able, malters related to golng cofttern and uslng the 8oln8 concern basls of accounllng vnl?ss the trustees ellher Intend to Ilquldate the 8foup and the charltable parenl company or iv cease operatlon5, or have nts reallstlc alternative bvt to do so. Our responslbllllles for Ihe oudlt of the Ilnandal statements Our oblecilves are Io Dbtaln reasonable assurance about whether the flnan¢l41 slaiemenls a5 a whole are free Irom malerlal mlssiaiemeni, wheihei due to Ir8vd or effof. and lo Issue a Aeport of the lftdependent Audliois ihat Sncludes our oplnlon. Reasonable assurance Is a hl8h level ol assurance, bul Is nol a guaroniee ihat an audlt conducted In actordaThce with ISAS IUXI wlll Iways delecl a materlal m15Statement when It èxlsts. Ml$siètements can arfse Irom fraud or eifor and are consldered malerlal If, Indlvldually or In the a88regale, they could reasonably be e¥pECted to Inlluence the econornlc detlslons of users taken on ihe basls of these financlal statements. The extent to whlch our procedures are tapable ol deteclln8 IrreÉvlarllles, Intludln8fraud Is delalled below,, - the en8a8emenl partner ensured Ihal the en8a8ement team collectlvely had the approprlate competence, capabllStles and skllls to Identlfy or reco8lllse non-compllance wlth appllcablè lèws and re8ulailons' . we Idenllned the laws and re8ulailons•ppllcable lo the company Ihrou8h dls¢usslons wlth dlrector5 and other mana8ement, and from our commerclal knowledge and experlence ol ihe cllenl'5 operatln8 settor: we focused on specific laws regulailons whlch we con51dered may have è dlrect maleTlal emecl on the financlal slalemenls oi the opeiatlon5 of the company. Includlfi£ the Companles Acl 2￿6. taxallon le815141ion. employment. envlronmenial and healih and saletv leElslallon,' - we a5ses5ed the extent of ¢ompllance wlih the laws and regulallons Fdentlfied above through maklng enquliles of mana8ernent; and Identlfted laws and Tegulatlons were communltated within the audlt team regul3rl¥and ihe team remalned alert lo Inslances of non- compliance throughout the audil. We assessed the svscepllbllity of the company's fftnanclal staiement5 to materlal mlsstètemEnl. Includin8 obtainlngan underslandlng of how fraud ml8ht occur. bv-. . makln8enquirle5 of mana8ement as to thelr knowledKe of actual. suspected and alle8ed fr•ud; and - revlewln8 ihe cllent's system notes and Inlelnal contfols. To address the risk oflraud through management blas and overrfde ofcontrols, we: - performed analytical procedures to ideniify anyunvsual orunexpected felailonshlps* le5tedlovinal enlrles to identify unusual transactlons- Trustees, report and t￿$011daled ftnanci31 slalements f¢M the year efjdEd31 Oerember 2024 HopeHouseChlldfen's HosklceslA compamiumlted REPORT OFTHE INDEPENDENT AUDITOR5TO THE MEMBERS (CONTlhlUED) - 855essed whetherludgempnts and assumptlon5 made determlnlngthe accountlng e5tlmates set out In Note 3 were Indlcatlve of potenlial blas,. - Inve5tl6aled the rallonale behlnd 518nificant or unu5val transartlons. In response lo the rlsk ol Irrtgularllles and non-cornpllancewiih laws and regulatlons, we deslaned procedures whlch Included, but were not Ilmlted to; - a8reÈlnB fftnanclal statement dlsclosures to underlylng supportlng documentat￿￿. enqulrlngof management asto aclual and potentlèl lill8ètlon and clalms . revlewlnB ¢Otresp0nden￿ with HMRC. There are Inherent Ilmllatlon5 In our audlt procedurps descflbed above, The more removed that laws and regulallons are from financ131 transacilons, the less Ilkely It Is thai we would become aware of non-compllance. Avdltln8 Standards also IIMSt Ihe audlt procedures requlred to Identlfy non-compllance wlth laws and re8ulallons lo enqulry of ihe dlreclors and oiher management and the Inspe¢llon tsf regulatory and le8è1 torrespondence.ll any. Malerlal mlsslatements that arlse due to fraud ¢8n be hardei its detecl than those ihat arlse from èrror as they MBY Involve dellberate concealment or colluslon. Afurther destrlptlon ol our responslbllllles forthe audlt olihe ftnanclal statements Is located on Ihe Flnanclal Reportln8 Councll's webslte at wYAy.frc.orB,uVaudliorsfespon51biiiiles. Thls descrlptbon forms port of our Report of the Independent AudStOTS. Use olour report Thls report Is made solelylo the gioup and the charllable parenl tompanvs membeis. as a body* In accordance wllh Chaplei 3 of Part 16 of the Companles Act 2fy)6. Our audlt work h?5 been undertaken $0 that we ml8hi slate to the 8roup and the charliable parent tDmpany's members those mailers we are requlred lo stale to them Sn an audltor5' report and for no olhei purposè. To the IvllEsI èxlent permltted by law, we do not accepi or assume responslblllly io Jnyont othei than the 8ioup ènd the charllable parent Company and the 8roup and the charltable parent cornpany's members as a body* for our audh work, foi Ihls report, or for the oplnlons we have lormed. Aled Davles f CCA {Senlor $14lulory Audltor) for and pn behalf ol D.R.E. & CO (Audltl Llmlted 7 lower Biook Stfeet Oswestry Shropshlre SYII ZHG 26*Jyne 2025 Tnjsiees, reporl and consolklaled flnarKialststements for Iheyeai erÈded Jl ￿e￿mber 2024 HopeHousÈChiklren's Ho$￿5 IAcompaTry Iknmed lwwa￿nIeej CONSOLIDATED STATEMENT OF FINANCIAL AcnvinES FOR THE YEAR ENDED 310ECEMBER 2024 Notes 31.12.24 Total 31.12.23 Total Ilnrestrfded Restrlded funds lund funds lunds INCOME A14D ENDOWMENTS FROM Donatltsns and le8acles 5.617.783 490.797 6,108.SBO 5,15B,594 Cha¥lt¥ble actlvltles Charllable acilviiles 9.457 1.794,487 1,803,944 1,648,919 Other Iradlng acllvltles 5.310,693 5,310,693 5,268,594 Investment In￿rne 187,367 187.367 18B,735 Total 11,125,300 2.285,284 13,410,S84 12,264,842 EXPENDITURE ON Ralslng funds Tradln8 acllvltles 1.649,157 3.273,187 1,649,157 3,273,187 1,507,485 2,954,393 Chèrltablt a(tlvltles CharSt3blè acllvltles 6,743,815 1,994,596 8,738,411 8,172,688 Total 11,666,159 1,994,596 13,660,755 12,634,566 Net dalns on Investments 16 513.547 513,S47 414,647 NET INCOMEIIEXPENDITUREI 127,3121 290,688 263.376 44,923 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 20 15,462,121 15A34.811 229,743 520.4JI 15,691,864 15,955,242 15,646,941 15.691,864 All actlvltles relate to contlnuing operatlons. The Statement of Flnanclal Acllvitles Includes all galns and Ios5e5 Tecognlsed In the year. The slatemeni of Ilnanclal acllvltles also Complles with the reqtslfementsfoT an income and expendilyre account untjer Ihe Companles Act 2006. T¥ustees' ieport ènd tofisolkl)ted finantlalststements f4N Ihe yeai erbded 31 December 2024 HopeHWseChl￿ft's HO5W￿$ IA cornpanylbnlteil iyRvara•teel CONSOIIDATED BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 1024 31.12.24 Total funds 31.12.23 Total lunds Note5 ilnrestrlrted fvnds Restrlcted lund FIXED ASSETS Tanglble a55ets SJ)53,975 407.185 5.461,160 4,811,226 Investment property 15 409.999 409,999 Investments 16 7,249.536 7.249.536 7,712,316 12,713,510 407,185 13,120,695 12,940,541 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 17 18 19,814 2,647,317 887.326 J9,814 2.647,317 I.LKKJ.572 J9,514 1.866,827 1,663.9B8 113,246 3,554A57 113,246 3,667,703 3,550,329 CREOITORS Amounts falllt)8 due wlthin one year 19 1833,156) 1833.1561 1799.C061 NET CURRENT ASSETS 2,721,301 113,246 2,834,547 2,751,323 TOTAL ASSETS LESS CVRREIIT LIABILITIES 15,434,811 520,431 15,955.242 15,691,864 NET ASSETS 15A34,811 510,431 15,955,242 15,691.864 FUNDS Unreslrlcted funds Restiicied funds 20 15.434,811 520,431 15.462,121 229,743 TOTAL FUNDS 15 The flnanclal statements were approved by the trustees on 26th June 2025 and 518n2d on thelr behalf by: Stephen Hen Trusiee5' ieport and tonsolid8tedfftrtrancial ststements fw ihe yeai ended 31 (kternber 2024 HopeHouseChlklrÈn's Trto$￿ tAcl￿Pany11M1led ￿6￿￿￿teel CHARIIY 8AL4NCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total Iut)ds 31.12.23 Total funds Unrestflrted lunds Restrlcied fund FIXED ASSETS T8nglbleissets 5,053,975 40Y,185 5.461,160 4.811,226 Inveslmenl property Investmenls 409.999 7,249,540 409,999 7,249,540 409.999 7.719,316 16 12.713,514 407,185 13.110,699 12,940,541 CURRENT ASSETS Stocks Debtofs Cash at bank and In hand 17 18 18,274 2,011,478 1,350,151 2.647,317 762,498 2,647,317 875,744 113,246 3,409,815 113.14S 3,523,061 3,379,903 CREDITORS Amounls fJllln8 due wlthln one year 19 1694.9501 1694,9501 1635,0151 NET CURRENT ASSErs 2,714.865 113,246 2,828,111 2,744,881 TOYAL ASSETS LESS CURRENT LIABILITIES 15.428.379 520.431 15.948,810 15,685,432 NET ASSETS ISh28,379 520,431 15,948,810 15,685.432 FUNOS Unrestrlcled funds Re51rlcled funds 20 15,428,379 520,431 15,455,689 229,743 TOTAL FUNDS 5 685 432 The financlal slat menls were appfoved by ihe tfU5tees on 261h June 2025 ond s18ned on ihelr behalf by.. stephen Henlv Tntr5tees' report and consolldated ftfianrial st•iements lor the year ended 31 December 2024 HopeltrAJ5e Chlklien'sH¢W (Accffjporryfini*d ￿E￿araTh1ee1 CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Cash Ilows from ¢peratln8 acilvhles Cash generated from operatlons Intere51 pald CFI 1727,6021 139,251) 545,239 Nel cash provlded by operallhB aclmtles 1766.8531 545,239 Cash Ilows from Invesllng actfvltles Purchase of tanglble Ilxed a55ets Purchase of flxed asset Investments Sale of Ilxed asset Investments Interesi re¢e5ved Movement on cash account {1,067.2591 {1,013,4321 1,991,380 187.367 S,379 1329,2421 Ii,000,0001 Net cash used In Investln8 actfvilles 103,455 11,329,242) Chan8e In ¢ash and Cash equl¥•lent$ In Ihe reportln8 perlod (663,4161 1784.0031 Cash and cash equlvalenis at the beglnnlni of the reportln8 perlod CF2 1,663,988 2,447,991 Caih and cash equlvalents at the end of the reportln8 perlud CF2 Tiu5toes' report and consolbdated f1th•￿TraI&￿iemeTrls lortheyearended 311)e(ember 2024 HowHouseChlkJien'$Hospkes IAccrfnp3rylimited ty8vafinieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CF I RECONCILIATION OF NEf INCOME 70 NET CASH FIOW FROM OPERATING ACTIVITIES 31.1124 31.12.23 Net Income lor the reportlnK porlod (as pei the Statement of Flnanclal Atllvltles) Adjustments lor., Depreclatlon cl)arges Income fiorn Inve5tment5 Investment management fees Galn on Investments Revaluatlon of Investment property Interest recelved Increase In slocks (Increaselldecrease In debtors Increase In Cfedltors 263.376 44,923 417,325 1185,9281 39,251 1513,5471 390,809 1188,7351 37,462 1348,8831 165,7641 11,4391 13001 1780,4901 34,150 15,4411 541,759 139.109 Nèt cosh (¢onsumed} / provlded by operatlons CF Z ANALYSISOFCHANGES IN NET FUNOS Al 01.01.24 Cash Flow Al 31.12.24 Cash at bank and In hand 1.663,988 1663,4161 1,000,572 Total ¢ash and tash equlvalents 138 Trusiees. report and tonsolldaled nnaftcfjèlstsiÈmÈntsfor the yearended 31 Decembef 2024 Ilope llwsec￿￿￿HospktS (Accthwyr￿￿d￿YWMIan￿t) ACCoU￿1NG POLICIÉS Ch•iltylnforniatS()n Hope House Chlldren's Hosplces Is a reglstered chailty and pr￿a￿t company Ilmlted by 8U31ènteE Incorporated In En8land and Wales. The re8lsiered olllcels Nanl Lane. Mordè, 05westrySY109BX. The 8fOUP cons15tsolHope House Chlldfen'5H03pkes andallof Its sub4darles. The chèrltable compan¢s financl•lsta¢ements have beenprepared Incompllancewi¢h the Chèrltles SOAP IFRS 1021 Issued l Janvary 2DIS lupdate bulleiin 2. effectfve l January 20191. 1.1 k 1,927,553 12,634,566 Net galns on Investments 414.647 414.647 NET INCOMEIIEXPENDITURE) Tran5feis between lunds 11,631,440 1.631.582 J,676,363 11.631.5821 44,923 Net movement In funds 142 44,781 44,923 RECONCILIATION OF FUNDS Tolal furds brou8hl forward 15.461,979 184.962 15.646,941 TOTAL FUNDS CARAIED FORWARD 15.462,121 219,743 15,691,864 137 Ywsttes, report and consolldated financlalslatements for the yearended 31 De(embw 2024 Hope Housechlklren's HosWce5 IAcompanylknRed INwaranteel 14 TANGIBLE FIXED ASSETS Freehold propertv Plant and math5nery Motor vehlcles Totals C05T Al l Janvary 2024 AddSllon5 6,925,189 565,362 1,233,066 SOl.897 176,348 9,334,603 1,067,259 Al 31 Deceinbel 2024 1,4￿,551 2,734.963 176,348 10,401,862 DEPRECIATION At l January 2024 Charge for year 3.145,877 157,927 1,254,(X)5 246,079 123,49S 13,319 4,523,377 417,325 At 31 December 2024 3.303,804 1.5¢XI.OB4 136,814 4,940,702 NET BOOKVALUE At 310ecembeT 2024 ,23 ,879 61,1 At 31 December 2023 3.779,312 979,061 52.853 4,811,226 Freehold propeity comprlses Ihe followln8.' Hope House Hosplce Iwlldln8 and land, Ty Gobalth bulldlng and land, Admlnlsliallon Bun8alow and the Bangor Shop. The fieehold land 1$ htld at a cost of £608.106 {2023.. £608,106>. whlch Is not deprecSated. Duilng the year, the charlty purchased lan8lble fi¥ed assets lolalllng £407,18512023.' £126,817) funded by restflcled donatlon and 8ranis. As the pertormance condillons on these asstls pvf¢hases have been mel, the fundln8 has been Iransferred lo the 8eneral lund. At 31 December 2024 the charity had Tecelved £82.(m12023= £45.6(￿) In reslflcted fundlng for ihe acqulsltion of lan8lble flxed assets whlch had noi been completed al Ihe ye•r end. Thls Income has been carrled forwaid In the resliltled fund. 15 INVÉSTMENT PROPERIY Total FAIR VALUE At l January 2024 and 310ecember 2024 409.999 NEfBooKVAIUE Al 31 December 2024 At 31 December 2023 409,999 Tlie Inve51ment p¥opertles held by the charity are the btsy to let property of, 81 Borfa Green. Welshpool and 2 Poiclau Bach, Cdccleih. a property ple￿O￿SlY bequeaihed io ihe group and the chailly. The propertles have been revalued io rellect their falrvalues in the atcounls. Ihe Welshpool Pfopeity's falr value Is based on the market value prlce per a mafkelln8 report carried out by Morrfs Marshall Poole, independenl valuers, who re not connecied to ihe charily, on 4 April 2024. The market value of the Crlccleth Property wès arrived at on ihe basi5 of a valuatlon carrled out by TP & Co Suiveylng, independenl valuers, who ale not connecled to the charity. on 5 Apiil 2024. The truslees consldei Ihese valualions lo be approprlbie as at 31 December 2024. ThE hlstoric c05t ol the piopertie5 15 £344,235. See movement In funds noie loi ihe Impacl on ihe 8ro¥Jp'5 and charl￿$ re5eFves. Trtssiees, ie$30rt consolwlated Ilnanclal staiemenis loi Ihe yeaf ended 31 0￿Mbe¥ 2024 H￿NOuse(hIldleTh'S H05plces(A(ompanylinMed Iryguarnntsel Cash and $ettlementS pendln£ 16 FIXED ASSET INVESTMENYS Ilsted In¥eslments Totals MARKET VALUE At l January 2024 Addlllons DIsp05als Portfollo movement Movement on tash account 7.577.047 1,013,432 11.991,380) 513.547 142,269 7.719.316 1.013.432 11.991,3801 513,547 15,3791 7,249,536 15.3791 At 31 December 2024 7,112,646 136,890 NET BOOK VALUE At 31 December 2024 7,112,646 7,577.047 136,890 142,269 7.249,536 7,719.316 At 31 December 2023 The net book value of Investment assels held oulslde of the UK was E3,673,42512023.' £3.687.9111, Cash and settlements Shares pendln8 In subsldlarles Totals L15ted Investments MARKET VALUE At l January 2024 Addlllons Dlsposals Revaluatlons Movement on cash account 7,577.047 1,013.432 11.991,3801 513.547 142,269 7,719,320 1.013.432 11.991.380) 513.547 15.3791 15.3791 Al 310ecember 2024 7,111,646 136,890 7,249,540 NET BOOKVALUE At 31 December 2024 7,Ill646 Ja6,890 7.249.540 At 31 December 2023 7.577.047 142,269 7,719,320 Charlty In¥e51ment In subsldl•rles comprlse: Subsldlary Companv No. Percentage Shareholdlng Class of shlies No of shares Total value Hope House ITradSngl Llmlted Hope House ILotteryl Llmlted 02691088 05066936 loo 100 Ordlnary £1 Ordlnary £1 Twuslees. report and Consor￿ated Ibnanclalsiatements the year ended 31 December 1024 HopeHouseChlkJren's Hospltes (Aeornpanyknit¢dly8uaranteel 16 FIXED ASSET INVESTMENTS (CONTINUED) The wholly owned tradlng subsldlarles, Hope House (Tradlngl Llmlted and Hope House Ilotteryl Llmlted are Sncorporated in the Unlled Kln8dom. They both have Ihe reglstered office of Nant lane, Morda, Oswestiy. Shropshlie, SYIO 9BX. HopE House IT¥adln81 Llmlted and Hope House (Lottery) Llmlled dlstribute all ol their proflls to the Charity under Deed of Covenant. The assets and Ilabllltles ol the subsldlarles wete.. Htspe House ITradln8) Hope House (Lottery) Llmlted ilmlted 2023 2024 2024 2023 Cvrrent assets Current l?abllltles Ag8TeEale share capltal and fe5erves Net Income from tradlne adlvitles 20.330 2,373 154.547 14 312,704 307 837 4,867 4.867 1.417,850 1,283,700 1,569 33,249 46.143 17 STOCKS Group ZOZ4 Charlty 2024 2023 2023 Goods for resale 19,814 19.514 18,274 18 DEBTOR5: AMOUNTS FALLING DUEWITHIN ONEYEAR 31.11.24 Group Jl,12,23 31.11,Z4 Chbrlty 31.12,23 Trade debtors Other debtors Amounis owed by BIOVP undertakln8S VAT Prepaymenls and ac¢Ned Income 57,4141 2,220,339 57,414 2,220,339 1.66Z,151 1,662,151 144,651 161,223 208,341 161,223 208,341 204.676 204,676 19 CREDITORS: AMOUNTS FAILING DUE WITHIN ONE YEAR Gloup (harlty 31.12.23 31.12.24 31,12.23 31.12.24 Trade ¢reditors Soclal securlty and other taxes Other tredltors Amounts owed to group Accruals and deleired Intome 397,110 173,335 101,766 186.895 169,046 88,OB8 364,116 173,33S 101,766 11,474 44.259 170,366 169,046 88,088 160.945 354,971 799.006 207.515 8Ja,156 694,950 635,015 Trustees. iepDrt 3Dd tonsolwjatedfftnanclal 5ts1ementslof the year ended 31 December 2024 H¢)pt H•JseCw￿1'sIknSVcgS (A crynwyhthdtywarnnteel 19 CREDITORS: AMouKfs FALLING DUE WIThIN ONE YEAJI (CONIINUED) Included wtlhln ?cciuaI5 and defeired Income 15 defEifed Income toialllng £13.79712023= £101.156) In the charlty. Dplerred Income Sn Hope House Chlldrens H05pl£e515 recoRnlsed In ie5PEci olgrants wheit the performance a&reemenl runs across rnuliiple peilods.The deferred lficome recoinlsed ln 2023 has been sub5equenily fecognlsed a5 ID¢ome In 2024 8nd 2024 Income wlll be recognlsed In 2025. Inclurfed In deleired Income 15 £97.70912023: £127,705) rtlaiioTr lo Hope House ILotteryl Ilmlted, the deferred Income rel8ies to the collertlon ol funds lor luture lotlery dfaws. The Income Is rtto8ftlsed once a draw pertod Is closed wlth lutttre draw lThcomt to be recoinlsed as draw5 tèkt place In the I￿￿re. 20 STATEMENTOF FUNDS Net movement In lunds At 1.1.24 31.12.24 Gloyp Unrtstrlrted lunds Gerberol lunds- all IbJnd5 uslne$5 ¢Ontlntslty Hosplce modernlSal￿n Retall growth Pvrpose Allgnment Revalvatlon reSe￿e ,220,357 4.176,( i.cw,(xx) 14S.688 27.(KQ 8,366,045 4,103,￿￿) I,co),c 31KJ,(KKI I,5[￿,[ 65,764 {xK),(xoI i.sco,(o) 65.764 15,462,121 127.3121 IS,434,810 R¢slrk¢ed luThds R¢sidJ 1,5(X),¢ 65,764 121X),fJJ)I I,sco.c 65,764 15.455,689 127.3121 15,428,379 Restrlrted funds Re5lrlcled lunds- all funds 229,743 290,688 520,431 TOTAL FUNDS 15,685.432 263.376 15,948,810 Net movement In funds, Included In the above are as lollows: IncomlnB r•sguf¢es Resources expended Galns •nd losses Movemmt In lunds Unrestrlrtèd funds General funds- all lund5 JO.408.961 110,949.8191 513,547 127,3121 Resttlrtèd lunds Reslilcled fund5- all fvnds 2,2B5,284 11,994.S961 29),688 YOTAL FUNDS 12.694,245 12,944.4J51 513,547 263.376 Trustee5' report and £Ons￿lda1￿d finatthlslatemenls for theyeaiendeLI 31 Otcember 2024 Hope HwseOMldren'5Hs>spltrs [A(rTh￿V￿ftedtyu￿￿1ee} ZO STATEMENT OF FUNDS ICONTINUEO} DE￿GNATED FUNDS Woikloice M&naKemErt Fund The trLFStees are consclous that the charlty must opefète wbth an approprfalety skllled workforce and are very aware of Ihelr responslbllltles to Its employees. Funds are thtrelore held and deslgnated ln a Woiklorie Man3&ement Fund to atcommodate the cost tsl eNsuiln8sulliclenl skllled upèclty aCfOSS Ihe OTEanlsallon. ChaThge5 In se￿1¢¢ del￿ery rnay result In some st8fl noi hèvlng thè netessary skllls io work efferthlely. If unable io relrnln and galn sk1115 at the requlred level ol compelence, Ihen ihls lund allows the or8an15atlDn to dlschar8elts obll8atk)n to those staff not able to malntaln hl8h standards of dellvtry due to clrcumstsn¢es beyond thelf control. Payrn¢nt Irom thls fund can tsn￿ be coThsldered ID caseswhere iht benefit to both the tmployee and the organlsatlon un be demonstrated. Ser4lc¥ Development F￿d Fundmlslng There Is ¢ompelllftg evldence to support the case lor Investrn¢nt In fundrnlsln8. Returrts are sl8nificantly bÈtitr than bank Investments for sli8hlly hlRher rlsk and we can flÈK Investrntnl In fvndralslrb& Increaslb)811 when the felurfis look good aThd decfeasln8 when not. To o 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlrted funds 2024 Restrlded funds 2024 Total lunds 2024 Group. 2024 TanBlble flxed assets Investment property Flxed Asstt Investments Current Assets Credlior5 due wlthin one year 5.053,97S 407,185 5.461.160 409,999 7,249,536 3.667.703 1833,1561 15.955.242 7.249.536 3,554.457 {833.1561 15,434,811 113,246 520,431 Unrestrfrted funds Rtstllrted funds 2023 Total funds 2023 1013 Group. 2023 Tan8lble nxed a55etS Investment property Flxed A55et Investmenls Current A55tls Credllor5 due wlthln one year 4.765,626 409,999 7.719,316 3,366,186 I799,(￿6) JS,462.121 45,6LX) 4,811.226 409.999 7.719,316 3,550,329 1799,Crf)61 15,691,864 184,143 229,743 Unre5trfded lunds Aestrlrted fvnds Totol lunds 2024 2024 2024 Charlty- 2024 Tan8lble fixed a55els Investment property Flxed Assel Inveslments Current Assels CiedStor$ due wlthln one yeèr 5.053.975 409.999 7.249,540 3,409,815 (694,9501 15,428,379 407.185 5,461,160 409,999 7,249.540 3,523,061 1694,9501 15,948,8JO 113,246 520,431 Uniestelrtod lunds 1023 Restrlrted funds 2015 Total fund5 2023 Charlty- 2013 Tanglble flxed assets Investment property Fixed Asset Inveslments Cvrrent A$5elS Credllors due wiihin one year 4.765.626 409,999 7,719.320 3.195.7f 1635,0161 15.4155,689 45.f 4,811,226 409,999 7,719,320 3,379,903 1635,0161 15,685.432 J84.143 229.743 145 TAJsiees' repm and consdk4aiedf4113nclal staiements IoFtheyear ended 31 De£ember 2024 HwHLxJseChlldfen's Hos*es IAcomparylmMed try8U3rnnteel 22 EMPLOYEE BENEFIT OBIIGATIONS The charily makes contribullons io certalr¢ pension schemes for lis employee5. The a$5ets ol these schemes ale held separaiety from those of the ¢harity In Iiidependenlly admlnlstered funds. The pen51on cost charge represents tontribvl10115 payable by ihe chailty to the lund amounted to £625.24412023'. £557.2311, 23 LEASING AGHEEMEMTS Mlnlmum lease payments under non-cancellable operallng leases fall due as follows: 31.12.24 31.12.23 wiihln one year Belween one and five years In more than five years 289,655 1,077,357 396,233 387,097 832,378 341.583 1561 OS8 Dvrlng the year operolln8 lease char8es were recognlsed a5 renl expenses In the lollowln& the cosl of operating tharliy shops £424,454 12023.. E349,4061,, hosplce a¢tlvltles undertaken dlre¢tly £25,IJX)12023.. 28,7601,. and support <051$ E17,05912023: 19,062). Duflng the year oper3lln8 leas* ¢hai8es were reco8nlsed a5 vehl£le lease expenses In the followln8; Cost of opeiatln8 chaflly shops £18,72312023,. £13,352) and h05plce acllvltles undertaken dliecily É7.80612023.' £7.7551. Z4 FINANCIAL COMMITMENTS, fjUARANTEES AND CONTINGENV UABIUTIES At 31 December 2024 the group and charlty had commltled to £NII12023-. £217.3881 In ongolng capltal prol8cls In addlilon to restiltled assets ¢ommltled lo. 15 AEiATEO PARTY TRANSACTIONS Durln8 the yeaii group 5taN made donailons lo ihe charlty and played the lollery run by Hopè House Ilotteryl Llmlted. Transacllon$ were conducted linder normal Commerclal terms. A pollcy exlsts to prohlblt the directors of Hope House Ilotteryl Llmlted, trustèès ol Hope House Chlldren'5 Hosplces. and senlor mana8eis and employees dlrectly Invofved In the runnln8 of the lottery. from taklng parl In the lotitry. Trusiees and thelr related companles made donalions to the charlty tolalllng £98.39312023.. £165,773). Hope House ITradln81 Llmiled and Hope House (Lottery) Ilmlied are I￿)% owned subsldlarles of Hope House Chlldren's H05plces. All the profits of the svbsidlafles foi the period have been dlstilbvted by Glft Ald to ihe charlty. The pigfit5 low the year lotalled £46.14312023.. £33,249> lor Hope House ITradln81 Llmlted and £1,417,85012023'.EI,283,7001 for Hope House Ilotleryl Ilmlted. Hope House ITfadln81 Lirnlted charged £5,533 12023,, £4,255) to Hope House Chlldren's Hospltes (oi operalln8 the Glft Ald scheme on the sale of new 8oods. Al 31sl December 2023 iho charity was owed £18,76112023'. £804) by Hvpe House ITradlnBI Umlted and owed £30,23512023.' wa$ owed £143.8471 by Hope Hovse ILotleryl Llmbted. 16 ULTIMATE CONTROLLING PARTY The charily Is conlrolled by the l¥usiees. YwsiÈes' report and tonstslldated financlal stsiements for ihe year tndtd 31 December 2024