REGISTERED COMPANY NUMBER: 03791772 (England and Wales) REGISTERED CHARITY NUMBER:1077336 HOPE CENTRE Café • Child Contact • Support Services • Early Years Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 for H.O.P.E FOR CHILDREN AND THEIR FAMILIES LIMITED
H.O.P.E. for Children and Their Families Limited Contents of the Annual Report and Financial Statements For the year ended 31 March 2025 Trustees Report Independent Examiners Report Statement of Financial Activities Balance Sheet Cashflow statement Notes to the Accounts Page 1-5 6 7 8 9 10-16
H.O.P.E. for Children and Their Families Limited Report of the Trustees (Including Directors Report) For the year ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE, Charitable activities This report follows the requirements of the Statement of Recommended Practice (SORP) for accounting and reporting by charities and the Trustees also confirm that they have had regard to the Charity Commission's guidance on public benefit. The Hope Centre is an incorporated charity, constituted as a limited company governed by a memorandum and articles of association. Its purposes are set out in the memorandum and include providing facilities for education and day care for children below school age, family support, childcare and parenting and activities for social inclusion and relief to those in need. During 2024-25, The Hope Centre has continued to offer a diverse range of services to meet those purposes anc has developed other partnerships relating to social inclusion and the relief of need, with the aid of additiona funding from The National Lottery Community Fund, which is gratefully acknowledged. In 2024-25, The Hope Centre renewed its commitment to the community and services in spite of some changes in Early Education Funding, increases in National Insurance and policy changes in the Early Years sector. This has increased demand but does not pay enough to offset provider costs. Nationally the Early Years sector continues to feel the impact of the continued expansion of funding for households and families. The offer of more "free" places for children for either 15 or 30 hours a week has meant that many providers, as reported last year, are facing financial changes in their income and hence their livelihood. The impact has been an increase in demand for places but insufficient increases to meet the costs of providing the service, partially offset by increasing the ratio in the number of children in the 3-4 age group to 5 children per adult. Many providers have closed since Covid, due to the financial pressures. Our own Early Years department has had to consider how to adapt and respond to the changes and how to ensure our own sustainability. This has been a challenge to ensure that we remain as flexible as we can for people while balancing our finances. We hope to minimise changes as far as possible, however it may be that we have to make more adjustments to the Early Years offering in the future because of further changes to the system in April 2025 and September 2025. As well as the Early Years provision the Hope Centre provides public benefit to a range of beneficiaries in Bromyard and Wilmslow. Our support and services in the community are a combination of activities, groups and individual support created to respond to local needs. Our work with organisations such as Bromyard Relief in Need, schools in Bromyard and Health Care professionals connects us to the community. These strong connections are key in sustaining services and being relevant locally. On site, the breadth of services remains wide serving the young and old and aligns with our mission and aims. In the past year, under the umbrella of support we offer, our Café team have cooked over 1500 meals to our loyal and thriving Wednesday lunch Club for over 60s; the Support Services team has delivered nearly 1000 hot healthy meals to those who are isolated and lonely in our community; nearly 150 people have received specialist advice from Citizens Advice at the centre; we have had 330 attendances at our Craft Club that runs on a Monday every week and nearly 2500 children have enjoyed the resources and play and learning opportunities at our free soft play in the café. A key part of all that is offered here is to ensure people feel connected and that we create links and opportunities to prevent individuals from feeling isolated and lonely. In 2023 we launched our Young People drop in which has grown over the years and is now an established part of our support for young people in the community. Every fortnight we hold a group in partnership with another organisation, Onside Advocacy, offering activities in a place that is safe and supportive for those who attend. The group is facilitated by staff, and food, conversation, support and input from young people are a big part of how we make sure the group is relevant to the success of the group and the positive experience created. The Hope Centre strives to provide a centre of activity and support for the community and is proud of its achievement in the work delivered. This project is a part of our Link; Local; Together project mentioned below. Page 1
H.O.P.E. for Children and Their Families Limited Report of the Trustees (Including Directors Report) For the year ended 31 March 2025 In this period, the charity successfully applied for funding from Eveson Trust, Garfield Weston and The National Lottery. The total grant funding from Eveson and Garfield Weston was £15k and £25k, respectively, towards core costs and the charity is extremely grateful for their support and acknowledgement of the need for our services. Our 'Link; Local; Together' project award from The National Lottery funds support and services in the community, including some of our SEND work, our work with Young People and our ongoing food, finance, mental health and children and parents' activities and services for the next three years until September 2027. The third sector is often relied upon to bridge gaps and provide essential services that prevent crises and sustain well-being, and funding and grants are a fundamental aid to delivery. This will be the last year 1 write this report on behalf of the Trustees, as I am standing down as Chair and retiring from the Board. I have been privileged to serve the charity and the community since it was set up in 1998 and | would like to offer thanks to everyone who has made it so rewarding. I wish to pay tribute to the vision and leadership of our CEO Sarah Eardley who, together with her team of loyal and committed senior managers and staff, continue to make The Hope Centre the well-respected and exceptional charity it is today. This is particularly impressive at a time when the work of charities is more important than ever and so many are struggling. I also want to thank my fellow Trustees for their continued regular commitment to the charity. Finally, thanks to our community and stakeholders, funders, volunteers and others who have supported us so well over the period. FINANCIAL REVIEW Income in the year was very slightly up from the prior year (1%), within the overall total, a decline in income from donations and trading was counterbalanced by a near-doubling of investment income. Overall expenditure was up by 4%. Unrestricted funds reduced by less than 1% Investment policy Unrestricted funds in excess of our Reserves Policy are placed in short term investment bonds to achieve the highest available return. Currently there are no available funds for long-term investment. Reserves policy The policy of the trustees is to maintain general unrestricted funds (excluding fixed assets held for charity use) at a level equivalent to at least 3 months expenditure. The trustees work to achieve the level of general unrestricted funds in line with the policy at all times. Unrestricted funds declined by £3,116, taking the balance at year end to £401,065. £167,570 of this total is represented by fixed assets, leaving free reserves of £233,495, well above the reserves target of £168,506. Risks A risk register is presented and reviewed by senior management and Trustees at each Board meeting and reviewed regularly. To do this, the Trustees set a comprehensive budget each year. Management accounts are prepared each month showing performance against budget in each area of activity and Trustees review these reports at each meeting. The principal identified risk is the long term financial sustainability of the Charity. Page 2
H.O.P.E. for Children and Their Families Limited Report of the Trustees (Including Directors Report) For the year ended 31 March 2025 Patron's Report The year described in this report was yet another busy one for HOPE. As well as the day-by-day success that is represented in the positive engagement that many in the Bromyard community enjoy with the staff and facilities at HOPE, there was success in obtaining more Lottery funding for 3 years for the 'Link, Local, Together' project, in addition to financial support for core funding from the Garfield Weston and Eveson Trust. Grants of this nature do not just arrive out of the blue in the post, they are the result of sustained, detailed (and often tedious) application processes made to bodies that are receiving many other similar requests. Making such applications may seem, at the time, to be a pretty thankless task, but I, for one, am very grateful for those who do this important work for our collective benefit. I write this at a time when there is heightened awareness of the need to do more to support the teenage community in Bromyard, in this regard the continued work of HOPE in running Young People drop-in sessions, which offer a safe and secure place on a regular basis delivering activities, together with emotional and practical During this year, HOPE has introduced a new service to provide, often 1-2-1, support for those with Special Educational Needs and Disabilities ['SEND'] and their families, making use of the sensory room and other facilities I mention these three aspects of life at HOPE not to belittle the other valuable work that the volunteers and staff do to support the community, for example by making food deliveries, or creating connections and positive engagement with the vulnerable and isolated. I have done so to demonstrate how HOPE continues to be agile in spotting and then striving to meet local need across the community, for all ages and circumstances. I remain very proud to be the Patron of HOPE. I am confident that many in Bromyard and further afield will join me in expressing my genuine gratitude and admiration for each and every member of the staff team, and all that they do. The Rt Hon Sir Andrew McFarlane Page 3
H.O.P.E. for Children and Their Families Limited Report of the Trustees (Including Directors Report) For the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. H.O.P.E. for Children and Their Families Limited is a charitable company limited by guarantee, incorporated on 18 June 1999 and registered as a charity on 8 September 1999. The company is established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. Members of the charitable company guarantee to contribute an amount not exceeding €10 to the assets of the charitable company in the event of winding up. Recruitment and appointment of new trustees The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. The Charity provides Trustees with an induction in accordance with the Governance and Recruitment documents which follow Charity Commission guidance on roles and responsibilities of Charity Trustees. All trustees receive an induction pack. Organisational structure The day to day management of the charitable company is undertaken by Sarah Eardley, Chief Executive Officer. Meetings of the trustees are held 4 times a year when matters concerning the charity are discussed. Remuneration of key management personnel is reviewed annually in accordance with policy and contractual terms and conditions. Related parties Some of the directors are also directors of H.O.P.E Enterprises Limited and H.O.P.E for Children and Their Families is also a director of H.O.P.E Enterprises Limited, a company which generates funds for community projects. Details of the transactions between them are noted in the accounts. Page 4
H.O.P.E. for Children and Their Families Limited Report of the Trustees (Including Directors Report) For the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03791772 (England and Wales Registered Charity number 1077336 Registered office Hope Family Centre, Hereford Road, Bromyard, Herefordshire HR7 4QU Trustees Mrs S J Kelly Ms G D Tait Dr J Stevens Mr A Berry Ms A Moore Mrs S Handley Ms J Adam Early Years Education Mentor (retired) Dental Surgeon (retired) (resigned 13/11/24) NHS Director (retired) (appointed 17/07/2024) Chief Executive Officer Ms S. Eardiey Independent Examiners Kendall Wadley LLP Granta Lodge, 71 Graham Road, Malvern WR14 2JS Bankers Lloyds Bank plc 9 Corn Square, Leominster HR6 8LT STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the directors of H.O.P.E For Children And Their Families Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to • select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; • make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irrerularities. Independent Examiners: Kendall Wadley LLP will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on November 19th 2025 and signed on its behalf by: Sarah 7. Kelly Mrs S J Kelly - Trustee Page 5
H.O.P.E. for Children and Their Families Limited Report of the Independent Examiner to the Trustees of H.O.P.E for Children and their Families Limited I report to the charity trustees on my examination of the financial statements of HOPE for Children and Their Families Limited (the charity) for the year ended 31 March 2025 which are set out on pages 7-16. Responsibilities and basis of report As the charity trustees, of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 act and are eligible for independent examination, I report in respect of my examination of your company's accounts carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accounts in England and Wales(ICAEW) 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: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. 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 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; 4. 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Elizabeth Needham ACA CTA (VAT) Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS Page 6
Income and Endowments from Donations and Legacies Charitable activities Support for children and their families Other trading activities Investment Income H.O.P.E. for Children and Their Families Limited Statement of Financial Activities for the year ended 31 March 2025 (incorporating the income and expenditure account) Notes 2 3 4 5 Unrestricted Funds 6,218 436,823 87,816 10,858 541,715 Restricted Funds - 108,678 Expenditure on Raising funds Charitable activities Support for children and their families Total Net Income/(Expenditure) 7 544,806 544,831 (3,116) 108,678 - 129,193 129,193 (20,515) 2025 Total Funds 6,218 545,501 87,816 10,858 650,393 25 673,999 674,024 (23,631) Reconciliation of Funds Total Funds brought forward Total Funds carried forward Continuing Operations All income and expenditure has arisen from continuing activities Page 7 2024 Total Funds (Note 11) 10,649 534,373 92,906 5,945 643,873 20 648,201 648,221 (4,348)
H.O.P.E. for Children and Their Families Limited Balance Sheet At 31st March 2025 Unrestricted Funds Restricted Funds 2025 Total Funds Fixed Assets Tangible Assets Notes 12 167,570 317,935 485,505 Current Assets Debtors Current Asset investments Cash at bank and in hand 13 14 27,175 169,339 61,622 : 48,527 27,175 169,339 110,149 258,136 48,527 306,663 Creditors Amounts falling due within one year 15 (24,641) (24,641) Net current assets 233,495 48,527 282,022 Total Assets less current liabilities 401,065 366,462 767,527 Net Assets 401,065 366,462 767,527 Funds Unrestricted Restricted 16 401,065 366,462 401,065 366,462 Total Funds 401,065 366,462 767,527 2024 Total Funds 495,697 29,001 162,748 131,219 322,968 (27,507) 295,461 791,158 791,158 404,181 386,977 791,158 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. 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 March 2025. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements 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 resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements were approved by the Board of Trustees on 19th November 2025 and were signed on its behalf by: sarah J. Kelly Mrs S J Kelly -Trustee Company Registration No. 03791772 Page 8
Cashflows from Operating activities Cash absorbed by operations Net Cash used in operating activities Cashflows from investing activities: Purchase of tangible fixed assets Interest Received Net cash (provided by) used in investing activities Change in cash and cash equivalents in the reporting period H.O.P.E. for Children and Their Families Limited Cash Flow Statement for the year ended 31 March 2025 2025 20,572 - 20,572 4,766 10,858 6,092 - - - 14,480 Cash and cash equivalents at the beginning of the reporting period 293,967 Cash and cash equivalents at the end of the reporting period 279,487 Cash and cash equivalents consists of: Cash at bank and in hand Short term deposits Cash and cash equivalents at the end of the reporting period 110,149 169,339 279,488 Reconciliation of net expenditure to net cash flow from Operating activities 2025 23,631 Net expenditure for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges investment income received recognised in - (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash provided by (used in) operating : - Page 9 14,958 10,858 1,825 2,866 20,572 2024 8,757 8,757 8,831 5,211 3,620 5,137 288,830 293,967 131,219 162,748 293,967 2024 4,348 15,008 5,211 1,160 4,468 8,757
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 319 March 2025 Company Information H.O.P.E for Children and Their Families Limited is a private company limited by guarantee incorporated in England and Wales (company number: 03791772) and a charity registered in England and Wales (charity number: 1077336). The address of the registered office is: The Hope Centre, Hereford Road, Bromyard, England, HR7 4QU 1. Accounting Policies Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standar applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest f. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from the government and other grants, whether 'capital" grants or 'revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Expenditure Liabilties are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Freehold property Equipment Furniture & fittings - 2% on cost - 20% on cost - 20% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Page 10
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 31s March 2025 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the directors for particular purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. Financial instruments The charity has elected to apply the provisions of Section 11 Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction. Financial liabilities classified as payable within one year are not amortised. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods Page 11
2. Donations and Legacies Donations 3. Income from Charitable Activities Grants Fees receivable Government Grants Sure Start Early Years Nursery Education Funding Herefordshire Council Funding Other National Lottery CAFCASS Support Grant RIN Grant Other Grants Garfield Weston Eveson Trust 4. Other Trading Activities Café Sales Other Income 5. Investment Income Investment Income 6. Raising Funds Raising donations and legacies Fundraising costs 7. Charitable Activities costs Support for children and their families 315 March 2024 H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 315 March 2025 2025 Unrestricted = Activity Support for children and their families Support for children and their families = = = 6,218 2025 216,468 220,355 436,823 173,691 1,850 927 25,000 15,000 216,468 2025 46,195 41,621 87,816 2025 10,858 2025 25 = 2025 Restricted 2025 108,678 108,678 2,256 103,922 2,500 108,678 2025 : 2025 2025 Direct Costs 671,634 645,255 Page 12 2025 Total 6,218 2025 325,146 220,355 545,501 175,947 1,850 927 103,922 2,500 . 25,000 15,000 325,146 2025 46,195 41,621 87,816 2025 10,358 2025 25 Support costs (see note 8) 2,365 2,941 Totals € 2024 10,649 2024 292,893 241,480 534,373 28,249 85,318 4,638 2,034 168,160 2,500 1,994 292,893 2024 44,513 48,393 92,906 2024 5,945 2024 20 673,999 648,196
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 315 March 2025 8. Support Costs Support for children and their families 315 March 2024 Support costs included in the above are as follows Finance 765 581 Bank Charges over accrual for independent examination in prior year Independent Examiners remuneration for independent examination Governance Costs 1,600 2,360 2025 Support for children and their families 765 (200) 1,800 2,365 Totals 2,365 2,941 2024 Support for children and their families 581 360 2,000 2,941 9. Trustees Remuneration and Benefits There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024 Trustees' expenses 1 trustee (2024 -Nil) was reimbursed expenses totalling f60 (2024 - Nil) relating to professionall subscriptions. 10. Staff Costs Wages & Salaries Social Security Costs Pension Costs The average monthly number of employees during the year was as follows: Full Time equivalent Headcount Remuneration of key management personnel Total for the year No employees received emoluments in excess of £60,000. 2025 480,281 30,378 8,433 519,092 2024 462,140 26,624 7,822 496,586 2025 22 27 2025 198.028 2024 19 29 2024 186,375 Page 13
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 315 March 2025 11. Comparatives for the Statement of Financial Activities Income and Endowments from Donations and Legacies Charitable activities Support for children and their families Other trading activities Investment Income Total Expenditure on Raising funds Charitable activities Support for children and their families Total Net Expenditure Reconciliation of Funds Total Funds brought forward Total Funds carried forward Represented by: Tangible fixed assets Net current assets 2024 Unrestricted Funds 10,649 363,713 92,906 5,945 473,213 20 497,452 497,472 (24,259) 428,440 404,181 165,096 239,085 404,181 12. Tangible Fixed Assets COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 Freehold Property 705,602 4,766 710,368 218,265 12,931 231,196 479,172 487,337 Included in cost or valuation of land and buildings is freehold land of £61,417 (2024 £61,417) which is not depreciated. 82,531 82,531 78,641 865 79,506 3,025 3,890 Page 14 2024 Restricted Funds - 170,660 : 170,660 - 150,749 150,749 19,911 367,066 386,977 330,601 56,376 386,977 22,140 1,162 3,308 4,470 2024 Total Funds 10,649 534,373 92,906 5,945 643,873 20 648,201 648,221 (4,348) 795,506 791,158 495,697 295,461 791,158 Totals 810,273 4,766 815,039 314,576 14,958 485,505 495,697
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 31 March 2025 13. Debtors: Amounts falling due within one year Trade debtors Other debtors Prepayments and accrued income 14. Current asset investments Cash equivalents on deposit 15. Creditors: amounts falling due within one year Trade Creditors Social security and other taxes Other creditors Accruals and deferred income 16. Movement in funds Unrestricted Funds General Funds Restricted Funds Grants for new building Ground Source Heat Pump CAFCASS Support Grant EYPP National Lottery: Restoring Resilience Together The National Lottery Community Fund: Reaching Communities/Partnerships Restricted funds are held for the following purposes At 01/04/2024 = = 404,181 303,941 26,660 56,376 386,977 791,158 Incoming Resources 541.715 2,500 2,256 103,922 108,678 650,393 Grants for new building & Ground Source Heat pump: for construction of facilities and to meet subsequent depreciation charges. CAFCASS: for the support of the Contact centre, providing staff and resources to assist non-resident parents maintain contact with children National Lottery grants: for support to the local communit EYPP: Herefordshire Council grants for staff time and equipment to support children with identified needs in Early Years 2025 7,375 3,400 16,400 27.175 2025 169,339.00 169,339.00 2025 7,609 6,697 5,715 4,620 24,641 Resources Expended (544,831) (11,986) (680) (2,500) (2,256) (56,376) (55,395) (129,193) (674,024) Page 15 2024 8,074 312 20,615 29,001 2024 162,748.00 162,748.00 2024 11,875 5,036 4,896 5,700 27.507 At 31/03/2025 401,065 291,955 25,980 : 48,527 366,462 767,527
H.O.P.E. for Children and Their Families Limited Notes to the Financial Statements for the year ended 315 March 2025 Comparatives for Movement in funds Comparatives for Movement in funds Unrestricted Funds General Funds Restricted Funds Grants for new building Ground Source Heat Pump CAFCASS Support Grant National Lottery: Restoring Resilience Together = At 01/04/2023 428,440.00 315,927.00 27,340.00 2,500.00 21,299.00 367,066.00 795,506.00 Incoming Resources 447,213.00 2,500.00 168,160.00 170,660.00 643,873.00 Resources Expended 497,472.00 - 11,986.00 680.00 5,000.00 133,083.00 - 150,749.00 - 648,221.00 At 31/03/2024 404,181.00 303,941.00 26,660.00 56,376.00 386,977.00 791,158.00 = 17. Contingent Liabilities The first building cost of £500,610 has been included in the accounts. This was funded by grants from SureStart and the European Union to the charitable company in partnership with Hereford County Council. The grants were paid to Hereford County Council and there is an agreement with the Council that if the charity does not provide day care and family support from the site for 50 years commencing April 2006, they will have to repay the grants. The amount repayable reduces proportionately over this 50-year period. 18. Related Party Disclosures £245 was received in April 2018 by Hope Enterprises Ltd, which amount is owed to the charity and remains outstanding at 31st March 2025(2024 £245). During the year HOPE for Children and their Families Limited paid £34 of professional fees on behalf of Hope Enterprises Ltd (2024 - Enil). Page 16