Charity reglstration number 1072038 {England and Wales}
Company registration number 03589593
HOPE NOW LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HOPE NOW LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr S Sweeney
Mr M Scoti
Mrs J Hon
DrBRRead
{Appointed 10 July 20241
Se¢retary
Mr M Scoti
Chief executive officer
Mr J Barnes
Charity number
1072038
Company number
03589593
Registered office
Malvem Centre
Malvem Road
Southampton
Hampshire
S016 6PY
Independent examiner
Darnells Chartered Accountants
Quay House
Quay Road
Newton Abbot
Devon
TQ12 2BU
Bankers
Lloyds Bank plc
19-21 High Street
Southampton
Hampshire
S014 2SE
CCLA Investment Managemenl Limited COIF Charity Funds
80 Cheapside
London
EC2V 6DZ
Solicitor5
MacDonald Oates LLP
Knockhundred Row
Midhurst
Wesl Sussex
GU29 9DQ

HOPE NOW LIMITED
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes lo the financial slalements

HOPE NOW LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are pleased lo p￿sent their annual directors. report together with the financial statements of the
charity for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors.
report and accounts for Companies Act purposes.
The financial stslements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association. and Accounting and Reporting by Charities= Slalemenl of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
Ihe UK and Republic of Ireland {FRS 102) (effective 1 January 2019).
Objectlves and activities
To apply the charity's funds for the promotion and advancement of The Evangelical Christian Faith, both in the
UK and abroad, through making grants lo and supporting projects of inslilulions with similar objects.
In pursuance of these objects the charily-
Presents and disseminates the teachings OF Jesus Christ. promoting understanding of the Evangelical
Christian Faith and viewpoint and fostering Evangelical spirit..
Establishes information and research centre5 devoted to the study and presentation of Evangelical Christian
thought and catering for the religious and educational needs of Evangelical Chrisliet4 Communities in the UK
and abroad..
Promotes, supports and organises scholarships, conferences. seminars, study tours and similar projects..
Eslablishes and supports the establishment of charitable organisations for voluntary service. based on
evangelistic cnjsades and personal visilalions for the promotion of the Gospel of Jesus Christ.,
Publishes and promotes books, journals, periodicals. magazine5. newspapers and other literature-
Provides, endows and furnishes and fits out buildings with all necessary fumilure and other equipment
required for the above objects_
The charity carries out these objects by=
Preaching in churches, schoo15, colleges. prisons. on radio￿v and to other organisalions to which invit21ions
are received..
Funding and equipping Churches. orphanages, Bible Study cenlres..
Partial funding of Kompas Park..
Funding pre-irsdependence homes for disadvantaged teenagers..
Funding and developing foster homes for homeless, orphaned or abused children.
Funding of healthcare inilialives.
The charity has established ils grant making policy lo achieve ils objects for the public benefil lo promote and
advance the Evangelical Christian Faith in the UK and abroad by fundraising in the UK for projects such as
orphanages. pre-independence and foster homes, Bible Study cenlres, etc.
The beneficiaries of the grant making programme are ullimalely orphaned, homeless or abused children and
teenagers. and disadvantaged familie5. In addition the charity funds outreach projects for prison ministry in
counlries such as Ukraine where under the communist regime Christians were senl to prison for their faith. The
charily helps to build churches and chapels in the prisons.
The charily h35 links wilh institutions in Ukraine and Sri-Lanka with sirnilar objecis. as well as links with other
Hope Now charilies through which grants are made.
The charity'5 main activities and those who it tries to help are described below. The focus of the charity's
activities therefore Continued to be advancing the Evangelical Christian faiih both in the UK arid abroad, by
raising fund5 for local OTganisalions providing welfare. education and Christian ministy- Projects funded included
funding orphanages, undertaking prison ministry, providing funds for education and Sponsoring both individuals
and families of limited means In Ukraine and Sri Lanka. Supporting summer camps and breaks for
disadvantaged children and widows and widowers has been reinslaled following the Russian invasion of Ukraine
and support lo refugees continues lo be made as well.
Who used and benefited from the charity's services?
The charity's objects and funding limit the aclivities lo projects in a few countries, predominantly UkraSne and to a
lesser extent Sri-Lanka. The number of people helped by the charity is estimated al 20.000.

HOPE NOW LIMITED
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The charity has no specific criteria to measure success although funds raised and grants paid are reviewed by
the Iruslees to ensure that the charity is meeting it's objectives.
The trustees have paid due regard lo the Charity Commission's general guidance on public benefit when
reviewing the charity's aims and objectives and in planning the future activities the charity should undertake.
Achlevemonts and performance
Ukralne
The work in Ukraine has continued in Ihe following areas:
Health
In lerms of healthcare. we helped various categories of people (displaced, disabled, pensioners) pay for
treatment, purchase medicines, and undergo examinations and operations. Many materials were transferied to
hospitals through volunteers.
Children
Orphans - Hope Now supports 5 cottage homes with 9 children, many of whom have been rescued from dire
circumstances of abuse and homelessness. The total number of children in these families, Swindon House and
Flat 33. and a few individual children is 15. Donors in the UK sponsor these. The parents meel once a month to
support cne another as they share their particular challenge5. Each child receives a toy and book and the
Christmas programme al Alpha House was for 40 children (of refugees staying there. of staff and others}. One
refugee girl is supported in allending a local Christian school.
Pre-lndependence homes 4 girls enjoy living at one ffal. where they are given three years higher education in
trade schools or universities. All have benefited from the professional help of our child care offi￿r, Mrs Larissa
Vovk, who also teaches homemaking and finance managernenl. The second flat is being Lrsed for refugees.
Orphanages
Hope Now continues to provide financial and practical help to several orphanages in the
Cherkassy Region. along with supporting the Cherkassy RescLte Shelter.
Handicapped - Hope Now sUPPOrts the work of the 2nd Baptist Church reaching out lo the deaf and disabled.
Ludtnila Sidenko arranges Camps and minislers to the deaf and the daughter and late wife of Valery Pelrochenko
are running the ministry. In the year a wheelchair lift was provided lo the 1st Baptist Church.
Pnsons
Sasha Tarasenko meets with ex-prisoners and Iheir families regularly to help them learn the law, to provide
support, and help with aid. medicine, and food.
Evangelism
Due lo the war. the form of evangelistic work changed. Every Wednesday we held a service outside Alpha House
for the internally displaced. We support the outreach work of Anastasia Vovk and about a dozen churche5 in the
Cherkasy region. A special prayer group for the military has been created, where new names are added to the
prayer list every week.
Kompas Park
Miss Svieta Kravchenko is now in her seventh year of leadership. We were able to support more camps in 2024
for churches. refvgees and the disabled.
Bible School
In 2024. 20 students took advantage of the expert tulllon provided by local ministers and the group finished their
course in May 2024. A new cohort of 30 students started in September 2024. The training now takes place in
local churches as Alpha House has refugees staying.
Students
Hope Now has provided financial assistance lo over 200 students over the past 21 years, who otherwise would
not have been able to attend university. Each year a new intake means new sponsors have to be found but.
thankfully, there are still Ihose who are prepared to take on sometimes commitments of thousands of pounds lo
ensure that these young people have a future. 15 students are currently supported. Others have rnoved abroad
because of the war.

HOPE NOW LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Schools
We continue to support School Number 20 and their Zozulenka as able bul it is not currently p055ible lo be there
lo leach English. The School is keen for us lo resume our collaboration as soon as the war is finished.
Aid boxes
The charity organises sending donated items of clothing and essentials lo the Ukraine for use by those in need
and in particular refugees and is grateful lo the volunteer5 who assisted with this. The items sent have been
donations from individuals and church organisalions. Initially changes to Ukrainian regulations made the work
more onerous for both the UK and Ukraine Office. However, the increased transparency gives greater comfort lo
our donors and new donors that aid is being properly accounted for.
The Chief Executive Officer in usual circumstances visits the Ukraine on a regular basis to evaluate and appraise
the errecliveness of the use of funds and to build and maintain closer working relationships. During the
COVID-19 pandemic this was not possible and 15 now prohibited by the war. Contact, however, continue5 via
Zoorn and email.
Financial review
The Charity is reliant on voluntary income, donalions and legacies, which lolalled £612.294 {2023 - £511,363).
The principal funding sources of the charity are individuals and church groups.
Grants arnounling lo £515,963 12023 - £465,519) were paid to charities with similar objects from the available
realised income of £646,121 {2023 - £544.431).
The lolal value of the charity's unrestricted funds has increased from £741,715 81 31 December 2023 10
£752.980 at 31 December 2024. The amount of the restriclod funds was £187,660 at 31 December 2024 which
was a decrease from £228,310 al 31 December 2023. The lotal funds have decreased from £970.025 at 31
December 2023 10 £940.640 al 31 December 2024.
The trustees consider the charity's overall p051tion lo be satisfactory.
11 is the policy of the ¢harity that unreslricled funds which have not been designated for a specrfic use of £60,000
should be mainlained. The trustees consider that reserves al this level will ensure that. in the event of a
significant drop in fvnding, they will be able to continue Ihe charity's current aclivilies while consideration is given
to ways in which additional fijnds may be raised. This level of reserves has been exceeded throughout the year
and the fund5 have been ring fenced in a high interest earning bank account. The additional reserves held at the
start of the year reflect funds being accumulated to fund capital projects such as the rebuilding of orphanages
once fighting in the Ukraine ceases.
Al 31 December 2024 the amount of the Free Reserves al the charilws disposal was £574.47712023 - £560.882)
see note 16 to the financial 5talemenl5.
Aslde from retaining an arnounl in reserves as per the Reserves policy above. the charily's funds are historically
to be spent in the short term with few funds available for long term inveslmenl. Fund5 being retained for capital
projects lo be carried out once fights'ng has ended in the Ukraine are currently invested in a high interest earning
bank account.
Risk managemenl..
Critical Incident Planning has been undertaken and is reviewed annually al the Board's January Planning day.
The trustees have assessed the major risks to which the Gharily is exposed, and are satisfied that systems are in
place lo miligale exposure lo Ihe major risks.

HOPE NOW LIMITED
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for the future
The charity plans lo continue the activities outlined above in the forthcoming years. subjecl lo satisfactory
fvndraising and a resolution to the Russian invasion of Ukraine. When hoslililies end, assistance for the
rebuilding of orphanages, hospitals and other buildings compatible with the charity's aims will be offered. Kompas
Park camps continue lo be an important part of OUT SUPPOrt and provide respite for those in need so that children.
the elderly, refugees. the disabled have a safe and calm space.
There will be conlinued monitoring lo ensure Ihat funds reach the intended destinations and if necessary
assistance will be sought from the British Embassy. The invasion has made it very difficult for the charily to
operate as previously, and has substantially hornpered it's charitable work in Ukraine.
struGturey governan¢e and management
Governing document..
The charity's objects and regulations are regulated by the Memorandum of Association dated 29 June 1998.
Under that mernorandum the charity is consliluled as a company limited by guarantee, having no Sha￿ capital.
The trustees. who are also the directors for the purpose of Company law, and who served during the year and up
lo the dale of signature of the financial statements were:
MrJ Barnes
(Resigned 25 March 20241
Mr S Sweeney
Mr M Scott
Mrs J Hon
DrBRRead
(Appointed 10 July 20241
Recruitment and appointment of trustees=
Under the requirements of the Articles of A5SOClOtion. trustees are elected for a period of three years after which
they must be re-elected al the nextAnnual General Meeting. Trustees annually review the period of service and
the Chair and Vice Chair hold the period of office for one year only. follo￿ng which the Board decide on re-
election.
The board of trustees regularly discusses the recruitment of new trustees for their experience. empathy and
knowledge of the charity. and to keep the skills and composilion of the trustee bi)dy as a whole and succession
planning uncier review.
Trustee induction and training-.
Most trustees are already familiar with the work of the charity. having been erbcouraged to read lileralu
prepared regularfy by the charity and attend events Ihroughout the year.
New trustees are invited and encouraged to allend these events and are placed on a probationary period to
familiarise themselves with the charity and the context in which il operates. The induclion process consists of an
initial meeting wlh the trustees. followed by a series of Short meetings with the CEO and other executives to
discuss Ihe grant making process and the powers and responsibilities of the Iruslee board. Additionally copies of
the mosl recent newsletter are distributed to all new trustees along with the Memorandum and Articles of
Association and a copy of the latest financial stalemenls.
All trustees give their lime voluntarily and receive no benefits from the charity. Any expenses reclaimed by the
trustee5 from the charity are set out in note 8 lo the financial statements.
The trustees. usual practice of reviewing the previous year's achlevemenls against the objectives sel for that year
was undertaken in January and a new sel of objeclives for 2024 was established maintaining Hope Now's core
values and encouraging all involved at every level in a team effort for all activitie5. The Critical Incidenl Planning
document was rewewed and updated with several action points established or created.
The Charity Commissions, guide to Good Governance was reviewed and practice benchmarked against those
guidelines.

HOPE NOW LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Organisalional slruclure..
The charity is administered by a board of directors who a￿ also trustees. The day to day running of the charity is
delegated to a Chief Executive Officer who reports lo the Trustees.
The trustees aim to meet at least bi-monthly and met eight times in the year.
Relationship with wider network..
The charity has close links with local Hope Now charities in Ukraine and the USA and Kompas Park, a Ukrainian
non-governmental organisation. The Chief Executive Officer is invited lo sil on the Ukrainian board as a non-
voting member. Hope Now Limited has no executive control over the running of the other Hope Now charities.
they share a common chartlable purpose with the UK charity raising funds for projec15 overseen by the other
Hope Now charities. Hope Now Limited lakes an active role in ensuring that fijnds raised are used for the
purpose5 for which they were raised in order to fijlfil an expectation of due diligence on the 8ppropriats use of
funds sent overseas.
The charity has also developed link5 and has provided fijnds lo Christian charilies operating in Sri Lanka.
In South Africa Transformation Pollsmoor has previously taken over the ministry, previously funded by the charily.
al Pollsmoor Prison.
e trustees. report was approved by the Board of Trustees.
Mr S Sweeney
Trustee
Dated.. .IiJ91¢......

HOPE NOW LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOPE NOW LIMITED
I report lo the trustees on my examinatSon of the financial statements of Hope Now Limited (the charity) for the
year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity (and also ils directors for the purposes of company lawl. you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16
of the Companies Act 2006 and are eligible for independent examinatlon. I report in respect of my examination
of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carying out my
examination I have followed the Directions given by the Charity Commission under section 14515llb} crf the
Charities Act 2011.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your 8xaminer must be a member of a body listed i
section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member
of the Ihe Association of Chartered Certified Accountants. 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 that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the Companies
Act 2006,.
the financial statements do not accord with those records.. or
the financial statements do not comply with the accounting requirements of section 396 of the ComFonies
Act 2006 other than any requirement that the financial slalements give a true and fair view, which is not a
matter considered as part of an independent exarninalion-. or
the financial statements 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 eharilies
preparing their financial statements in ac￿rdanCe with Ihe Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021.
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 financial slalemenls lo
be reached.
MrJ Milden FCCA
Darnells Chartered Accounlanls
Quay House
Quay Road
Newton Abbot
Devon
TQ12 28U

HOPE NOW LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from..
Donations and legacies
Investments
290,679
33,827
321,615
612.294
33,827
281,722
33.068
229.641
511,363
33,068
Total incomè
324,506
321,615
646,121
314,790
229,641
544,431
Expenditure on:
Raising funds
Charitable activities
48,074
265,167
48,074
627,432
36,258
235,408
36,258
561.030
362.265
325.622
Total expenditure
313.241
362,265
675.506
271.666
325,622
597,288
Net incomel(expenditurel
11.265
140.650)
129.3851
43,124
195,981)
152,857)
Transfers be￿een
funds
12
16001
600
Net movement in
fund5
11.265
140,6501
(29,385)
42,524
195,3811 (52.8571
Reconciliation of funds:
Fund balances al 1 January
2024
741,715
228.310
970,025
699,191
323.691
1,022,882
Fund balances at 31
December 2024
752,980
187.660
940.640
741,715
228,310
970,025
The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aclivilies.

HOPE NOW LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
13
178,503
180,833
Current assets
Debtors
Cash al bank and in hand
14
42,610
727,097
8,553
785.371
769.707
Creditors: amounts falling due within
one year
793,924
15
(7,570)
14,7321
Net current assets
762,137
789,192
Total assets less current liabilities
940.640
970,025
The funds of the charlty
Restricted income funds
Unrestricted fund5
17
187.660
752,980
228.310
741,715
940.640
970.025
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 December 2024.
The trustees, acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply
with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the
company as at the end of the financial year and of its incoming resourGes and application of resources. in¢luding ils
income and expenditure. for the financial year in accordance with the requirements of sections 394 and 395 and
which olherwise Comply with the requirements of the Companies Act 2006 relating lo accounts, so far as applicable
to the company.
The members have not required the company to obtsin an audit of its financlal statements for the year in queslion in
accordance with sedion 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements were approved by the Iruslees on yj.xj.g￿.......
Mr S Sweeney
Trustee
Company registration number 03589593 {England and Wales)

HOPE NOW LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
19
{90.853)
148,4121
Investing activitles
Purchase of tangible fixed assets
Investment in¢Dme received
11.248)
33,827
1688)
33.068
Net cash generated from investing attivltles
32,579
32,380
Net cash generated from financing activities
Net decrease in cash and cash equivalents
(58,2741
116.0321
Cash and Cash equivalents al beginning of year
785.371
801,403
Cash and cash equivalents at end of year
727.097
785,371

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity information
Hope Now Limited is a piivale company limited by guarantee incorporated in England and Wales. The
registered office is Malvern Centre, Malvern Road, Southampton, Hampshire. S016 6PY.
1.1 Accounting convention
These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard
appli¢able in the UK and Republic of Ireland" I'FRS 102,1. 'Accounling and Reporting by Charities" the
Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK
Generally Accepted Accounting Practice as it applies from 1 January 2019. The Charity is a Public Benefit
Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the fvnctional currency of the charity. Monetsry amounts in
these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
Al the time of approving the accounts, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thu5 the trustees continue
to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of their charitable
objectives.
Reslrrcted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted fijnds are sel out in the notes to the financial statements.
Endowment fLSnds are subject to specific conditions by donors that the capital must be maintained by the
charity-
1.4 Income
Income is recognised when the charity is legally enlilled lo il after any performance eondilions have been met.
the amount5 can be measured reliably, and it is probable that Income will be received.
Cash donations are recognised on receipt. Other donations are recognlsed once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations ￿ceiVed under GiftAid or deeds of covenant is recognised at the lime of the donation.
Income from donations and grants. including capital grants, is included in incoming resources when these are
receivable, except as follow5..
when donors specify that donations and grants given to the charity must be used in future accounting
periods, the income is deferred until those periods. and
when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such
income. the income is deferred and not included in incoming resources until the pre-conditions for use have
been mel.
Interest receivable:
Interest receivable is included in investment income when it is receivable by the charitable company.
10-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounling policies
(Continued)
Rental income:
Rent is received on a monthly basis and is recognised when due.
Intangible income. comprising donated services. is included in incoming resources al a valuation which is an
estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No
income is recognised when there is no financial cosl borne by a third party.
1.5 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or conslruclive obligation
committing the charity lo the expenditure. All expenditure is accounted for on the accruals basis and includes
iffecoverable VAT. Expenditure is allocated lo categories eilher on a direct or a usage basis.
Expendilure that is directly atlribulable to raising funds is included in the costs of generating funds. This
includes production of the new51etler and ministry.
Expenditure allribulable lo meeting Ihe aims and objectives. including the support costs, is included in
charitable aclivilies.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as to write off Ihe cost or valuation of assets less their residual values over their
useful lives on the following bases-.
Land and buildings
Fixtures. fittings & equipment
None
25Yo Straight line
The gain or loss arising on the disposal of an asset is delermined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial aclivilies.
There is no depreciation on land and buildings as, in the opinion of the tnjslees, the residual value is such Ihal
any provision for depreciation in the period and over Ihe life of the asset is believed to be immaterial.
Furthemiore, it is Ihe charity's policy lo maintain the offices in such condition that the value is not impaired by
the passage of lime. Such expenditure is charged to Ihe income and expenditure account in the year in which
il is commilled. Impairment reviews are carried out perlodically and whenever there is evidence thal the value
of a tangible asset. or class of a55els may be impaired.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying arnounls of ils tangible assets to determine
whether there is any indication that those 85sels have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
105s1sr any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposiis held al call with banks. other short-lerm liquid
investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are 5howrs
wilhin borrowings in current liabilities.
11

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.9 Financlal Instruments
The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments. and Section 12
'Olher Financial Instruments Issues. of FRS 102 to 811 of its financial instruments.
Financial instruments are recognised in the ¢harity's balance sheet when the charity becomes paty lo the
contractual provisions of Ihe instrument.
Financial assets and liabilities are offset, with the net amounts presentsd in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there Is an intention lo settle on a net
basis or to realise the asset and settle the liability simultsneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost usiri9 the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts di5Gounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured al the p￿sent
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-currenl liabilities. Trade credilots are recognised initially at
transaction price and subsequently me8sured at amortised Cost using the effective interest rale method.
Derecognltion of financial liabllltles
Financial liabilities are dereco9nised when Ihe charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period In which the employee's sejmces are
received.
Termination benefits are recognlsed immediately as an expense when the charity is demonstrably commllled
to terminate the ernployment of an employee or to provide termination benefits.
1.11 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense a5 they fall due.
1.12 Debtors and creditors recelvable I payable wlthln one year
Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arlsing from impairment are recogni5ed in expenditure.
1.13 Loans and borrowings
Loans and borrowings are initially recogni5ed at the transaction price including transaction costs.
Subsequently. they are measured al amortised cost using the effective interest rate method. less impairment.
If an arrangement constitutes a finance Iransaclion it is measured at present value.
12-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Incorne frorn donations and legacles
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Le9acies
255,379
35.300
321,615
576.994
35,300
256.394
25,328
229.641
486,035
25,328
290.679
321,615
612,294
281.722
229,641
511.363
Donations and gifts
Ukraine
South Africa
Sri Lanka
Other
263.350
3,257
55,008
263.350
3.257
55,008
255.379
155,676
3,165
70,800
155,676
3.165
70.800
256.394
255.379
256,394
255,379
321,615
576.994
256,394
229.641
486,035
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Rental income
Interest receivable
150
33.677
5,300
27,768
33.827
33,068
Expenditure on raising funds
Unrgstricted Unrestricted
fund5
funds
2024
2023
Newslelter production and ministry
Newsletter production and ministry
Other fundraising costs
Staff costs
17,417
397
30,260
13,721
22.537
48,074
36.258
13-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charltable activlties
Charitable .Charitable
Expenditure Expenditure
2024
2023
staff Costs
Aid box costs
30.260
4.494
22.537
12,405
34.754
34.942
Grant funding of activities (see note 6)
515,963
465,519
Share of support costs (see note 9)
Share of governance costs (see note 9)
71,483
5.232
56.939
3,630
627,432
561.030
Analysis by fund
Un￿StriCted funds
Restricted funds
265,167
362.265
235.408
325,622
627.432
561.030
The charity undertakes its charitable activities through grant making and awarded grants lo a number of
institutions and individuals in furtherance of its charitable aclivilies.
Staff costs are apportioned on the estimated time spent by each individual during the year. Other ¢(sls are
allocated based on their nature. fundraising costs are deemed to be the production of the monthly newsletter
and associated costs relating to ils distribution.
rants payable
2024
2023
Grants to institutions:
Ukraine
South Africa
Sri Lanka
415,580
5,810
61.488
362.818
5,931
71,055
482,878
439.804
Grants to indlviduals
33.085
25,715
515,963
465.519
14-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THEYEAR ENDED 31 DECEMBER2024
Grants payable
(Contlnuedl
Grants paid lo institutions in Ukraine are made via Hope Now (Ukrainel. Hope Now {Ukraine} as5151s in the
distribution of monies lo the correcl individuals and organisalions.
In South Africa, the main recipients of grants paid to institutions are Transformation Pollsmoor (who took
over the Prison Ministry, fvnded by the charity) and 1st Care South Africa (who look over the running of
Rainbow House). funded by the charity.
In Sri Lanka. the reciplenl of the grants is Farms Lanka.
Net movement in funds
2024
2023
The nel movement in funds is slated after chargingllcreditingl:
Fees payable to the charity's independent examiner..
for the independent examination of the charity's financial slalemenls
for other financial services
Depreciation of owned tangible fixed assets
3,000
630
3.578
3.000
630
3.267
Trustees
None of the trustees lor any persons connected wlh them) received any remuneration during the year. and
none of them were reimbursed expenses12023- £none)-
15-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support Governance
costs
.costs
2024
2023 Basis of allocation
staff costs
Depreciation
Rates
Insurance
Light and heat
Repairs & mainlenan¢e
Post, slal'ery & printing
Telephone and fax
Motor. vehidelgase and
travelling
Computer costs
Hire of equipmenl
Sundry costs
Examiners fees
Meeting and conference
costs
30,014
3.578
3,870
2.851
6,072
5.443
5,996
852
30,014
3,578
3,870
2.851
6,072
5,443
5,996
852
20,797 Time spent
3.267 Direct
2,163 Direct
2.526 Direct
4.044 Direct
6,610 Direct
3.815 Direct
975 Direct
8.892
2,955
858
102
8,892
2,955
858
102
3.630
8,711 Direct
2,647 Direct
1,290 Direct
94 Direct
3.630 Governance
Governance
3.630
1.602
1,602
71.483
5,232
76,715
60.569
Analysed be￿een
Charitable activities
71.483
5,232
76,715
60.569
Governance costs include payments to the accountant of £3,000 {2023- £3,000) for
examiners fees and £630 (2023.. £630 for other services}.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Chief Executive Officer
A¢counls Manager
Administrative Assistant5
Total
16

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Employees
{Continued}
Employment costs
2024
2023
Wages and salaries
Social securily costs
Other pension costs
86,899
2,514
1.121
65,065
806
90.534
65,871
Key management personnel include the Chief Executive and designate Chief Executive The total employee
benefits of the charity's key management personnel were £57.31312023.' £40,281).
There were no ernployees whose annual remuneration was more than £60,000.
11 Taxation
As a charily, Hope Now Limited is exempl from tax on income and capital gains falling within section 505 of
the Taxes Acl 1988 or section 256 of the Taxation of Chargeable Gains Act lo the exlenl that these are applied
to its charitable objects. No tax charges have arisen in the charity in the y2ar12023- £nonel.
12 Transfers
The transfers from the unreslricled fund totalling £nil {2023 £6001 represent overspends on the restricled
funds, where additional funds have been made available from the unrestricted fund lo make good any deficits.
Whilsl these are technically amounts granled from unrestricted funds. the trustees want lo make il clear what
level of funds were required from unrestricted funds lo make good commitments. Where transfers occur
be￿een reslricled funds, this is usually due to income received available for more than one PUTKM)se and
would usually be required to be spenl in a certain geographical area.
17-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Tangible fixed assets
Land and
buildings
Fixtures.
fittings &
equlpment
Total
Cost
Al 1 January 2024
Additions
174.339
25.502
1,248
199,841
1,248
At 31 December 2024
174,339
26.750
201,089
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
19.008
3,578
19,008
3.578
Al 31 December 2024
22,586
22.586
Carrying amount
At 310ecember 2024
174.339
4.164
178,503
At 31 December 2023
174.339
6,494
180.633
In the opinion of the trustees. the charity's land and buildings have a Current market value of approximately
£275,000.
14 Debtors
2024
2023
Amounts falling due within one year:
other debtors
Prepayments and accrued income
27,412
15.198
7,439
1,114
42,610
8,553
15 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Accruals and deferred income
4,510
3,060
1.672
3,060
7.570
4.732
18-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 DECEMBER 2024
16 Analysis of net as$Èts between funds
Unrestricted
funds
..2024
RestTiGted
funds
2024
Total
2024
At 31 Decembèr 2024:
Tangible assets
Current assetsl(liabililies)
178,503
574.477
178,503
762,137
187,660
752.980
187,660
940.640
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023-
Tangible assets
Current assetsl(liabililies1
180.833
560.882
180,833
789,192
228,310
741,715
228.310
970,025
At 31 December 2024 the amount of the Free Reserves al the charity's disposal was £574,477 (2023
£560,882).
19-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on Irusl for specific purposes. Details of the policy on transfers between funds is
shown in note 12 to the financial statements.
Movement in funds
Incoming Resources
resources
expended
Balance at 1
January
Transfers Balance at 31
December
2024
2024
South Africa
Sri Lanka
Ukraine - General
Ukraine - Kompas Park
Ukraine- Orphanages
Ukraine Education
Ukraine - Relief of poverty
Ukraine - Evangelismlchurches
Ukraine - Medical
Ukraine - Prisons
Ukraine - Refugee relief fund
2.970
3,257
61,488
55,008
60.441
59.903
23,115
18,820
17,449
2,087
15.8101
{61,4881
(55.008)
(62,0001
(63.184)
(22.095)
{10.9891
(18,343)
11,8081
417
1,809
62,507
59.380
27.119
8,753
4.426
3,550
57.796
250
59.350
60,376
35,575
7.134
4,705
3,550
16.303
124
{241
625
17251
20.047
(61,5401
228.310
321,615
(362.265)
787,660
South Africa:
This represents prison ministry and related projects carried out in South Africa, funds are paid to
Transfomalion Pollsmoor who operate this 2¢1ivity.
Sri Lanka - Farms Lanka:
This represents support to 'Farms Lanka.. an independent mission organisation.
Ukraine General Fund".
This represents donations and sponsorship received specifically for expenditure in Ukraine, bul not reslticled
lo any one individual or family. Payments are made to Hope Now Ukraine who aid in the distribution of the
funds and operate Kompas Park.
Ukraine - Kompas Park-
Kompas Park is a ¢enlre funded by the charity used for summer camps. giving holiday breaks lo
disadvantaged ¢hildren and widows and widowers.
Ukraine- Orphanages..
This represents financial and practical help given by the charity to orphanages in the Cherkassy Oblast.
Ukraine - Education:
This represents programmes of education sponsored by the Ukrainian Department of Education.
Ukraine - Relief of Povety:
This represents grants made by the charity to disadvantaged families who are struggling with poverty.
Ukraine - Evangelismlchurches..
This represents help provided to churches, including grants to build Sunday Schools. grant5 for Structural
repairs and the setting up and running of programmes promoting and advancing the Christian faith.
-20-

HOPE NOW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Restricted funds
{Continued}
Ukraine - Medical and prisons:
This represents prison ministry and related projects carried out in Ukraine. together with the funding of
mobile medicalldental unit in the Kirovagrad region.
Ukraine - Refugee relief fund=
This represents aid to support refugees in Cherkassy enabling the 4>urchase of food, bedding, mallresses,
hygiene sets and other day lo day necessitie5.
18 Related party transactions
During the year the trustees made donations to the charity lolalling E2,58912023.' £3,683).
2024
19 Cash absorbed by operations
2023
Deficit for the year
129,3851
{52.8571
Adjustrnents for".
Investment income recognised in statement of financial 8¢1ivities
Depreciation and impaimienl of tangible fixed assets
{33,827)
3,578
133.0681
3,267
Movements in working capital:
{Increase}Idecrease in debtors
Increase in creditors
134.0571
2.838
34.084
162
Cash absorbed by operations
190,853)
(48,412}
20 Analysis of ¢hanges net funds
The charity had no malerial debt during the year.
21