2022-07-31-accounts

Charity registrntion number 1078607 Company reglstratk>n number 03141290 (England and Wales) THE HOPE FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

THE HOPE FOUNDATION LIMITED LEGAL AND ADlJtINISTRATIVE INFORMATION Mr P J IAfjnslone Mr J Keamey mtsLPSo￿t DrA Knight Mr G R(yJgers {Apry)inted 22 Marth 20221 Chlof Exocutfve Mrs S Keamey Secretary Mr J Keamey Charlty number 1078607 Company nurnbor 031412 Registered office Hcpe Hc￿e 1 Grange Ro* Middlesbrough TS1 SBA Independent examlner DaviesTracey Swan House Teesdale Business Park Stockton on Tees TS17 6BP Bankers Bardays Bank p Unit 1 Centre Mall The Mall Middlesbrough TS12NR

THE HOPE FOUNDATION LIMITED CONTENTS Independent examinerfs repcwt ststement of financial •*vibes 10 Balance sheet 11 Statement of cash IIchV5 12 Notes to the financ￿1 ￿rnents 13-24

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2022 Th8 trustees present their annual rewrt and ffin￿￿￿ stat￿ents for the year ended 31 July 2022. The finana81 slatements have been prepared in actordanee with the a¢￿Unting polic¥e$ set out in note 1 to the finanaal ststements and comply ¥￿th the charitys m￿Orandum and Artide8 of AssocAation, the Companies Act 2006 and 'Ar£ounting and ReF(JrtiThJ ty Charities.. Statement of Recommended Practice appli¢able lo charitie preparing thr aecounts in accordance with the Financi￿ Re￿tIng Standard applicabte in the UK and Republic of Ireland (FRS 1021. {effective 1 January 20191. Oblecttves and actlvltles Purposes and Alms of The Hope Foundatlon From the Charities commi￿￿ GovemirKJ Do(JJmert The advancemont of education, thg provision of opPor￿nItIeS trairriThJ, the advancement of religion and the relief of povety of persons on low income. CharityAlms The aim of the charity is reIieving FK)verty and helping provide hope and a purpose for local people. We do this by improving th￿r identification of available oprxxtunthes, abilty to access them arKI supp)rt for them to ¥hiev8 their goals and t￿ets in a supportNe enwronment SpeufJG aims indude raising as￿ratiOnS, motivation and partI￿pation in scoal. educationa and economic life enabling peO￿e to address barr￿rS induding socia. psycMogul, personal and health ]SSL￿s increasing skills and employabilty encouraging the integration of all s8rtors of the C￿￿MUnty redwng loneliness and isolation Supporting people to progress inlo w￿. edU￿tion cf vdunteering Helyng people develop ￿"r confidence in themsefves arhl their abiliiies Prowding volunteering and wottt eXWien￿ opwrtunities Working with a wide range of pathers to meet individual and C¥)mmunty need b) h) This helps cr8at8 a saf8r and strcryer local communty, h8lpirwJ athJr8SS F4)V8ty, exdLEsion and disa0￿nIaga for local residents. This year has been part[￿JIarfY challenging due not only ccffling out of Cowd but also the $thation Vdith fuel and tood povety. Thè oryanisation has shovm its fl￿bilIty and resilien¢8 in adapting and rèsponding to local naad and the finanaal situation. ￿ have continued to achieve our aims adapb.ng our woth and methods of del￿ery to continue to meel the Challenging and ¢hangirYJ b¢al neèj in a very drffi¢ult e¢onomt dimale. Publi¢ benefit In shaping our objectives for the year and planning our ath￿es. the truslees have considered the Charity Commission's guidan￿ on put4ic benefft. Al ork and ser￿￿ we carry out are for public benefft and the good of our local o)mmunity. They are all to meet our aims and obJ￿￿ves.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 JULY2022 Local Sltuatlon Employment and Skllls The ￿nsuS data shows that 29.9% of Middlesbrough residents have no qualifications against the rest of England 122.7%) V￿th 18.5% hawng an NVQ 4 or htgher against the national average 27.2%. 7.8% of local peoFAe have never worked against the nati¢Thl average of 4.4% with 31.1% of Ioc21 residents In full time wotk, compared to 38.SOA nationally. None penworw households no vthers are 28.3% against the national average rf 16.1 %. 16.8% of working age people in Middlesbrough are INing ￿ a limth.ng long-lemi illness against the national average of 13%. Health and Wellbelng Employment, sknlls and p)verty are imrwtant risk factors linked to health and wellbeing of Ioc31 re&dents (Director of Heatth Report - mental heahh and emotional wdlbeing in Middlesbrough 20141151. Loneliness and isolaion are issues. WHO defines mental heatth as the state of wellbeing in which every irKlividual realises his or her own potentl81, can cope wth the rKJrnial stresses of life. can work productivety and frutifully and is alye to make a contribution to ther communty.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Achlevements and perforniancg Actlvltles. Projects and se￿Ces The charity has continued to successfvlly devdop its worK ddivering Sery￿e8 that make a difference in, and as part of, the Middlesbrough communty. By deliverirhJ ¢)ur services we directy impact identified local Is$￿ in the 6th most deprived area in the county (index of Multi Deprivation). We impact the index categories of Education. skills and training (IMD score5 13.5%), income dewvation {IMD 22.5%). eM￿0YrneTrt deprivatK)n (22.5%). health deprivation and disability (13.5%). barriers to housing and SeN￿S domain {9.3%}. Our objectives are to continually identty local need arKI facalrtate the delivery of appropriate seNces to meet that need. do Ihat through our own ddivery, eolL8borab"on or swposthg to a wde range of partners ensuring we support people approprtately and in a h(Ais"c Wdy. to meet the needs identified by enabling k)eal ￿SKIents to ￿eth3n1$e and have the support they require and know how to achieve their aspirations. goals and targets in a safe and supwtve environment. Over the yearwe had an average of 12 em￿oYeeS working on the tharitable activtbes. We are able to provide these activities vAth financial support through tradtts'onal fundraigThJ, grants, contracts and service level agreements, as well as working with partners and volunteers. The organisalion continues to work hard to be sustainable and continue to respond lo the irKreasing and changing community needs and funding landscape which contnues to be particularly challenging as well as the increased costs of slaff aTrJ F¥gmises. Our current servIce￿aCtI￿tieS indude are not limited to: 11 Mlddlesbrough College The H¢¥e Foundation delNer5 funct[On￿ skills qualtficatons from enty 1 to level 2 induding Maths. Englisfi and IT. alongsKle lrfe skills around sorAal skills, ci)nfidence and ern￿oya￿lity. Our teaching approach k8 accessible and provides leaming in a supportive way. The community are abk to take up opportunities to legm in a way that suits them and in a space that suits them. The rna1￿1ty of this work is funde(I through TVCA from tho Adu￿ Skills Budget as a subcontracaor of Middlesbrough Colleg Achlevements In the year We successfully adapted our detivery modd to be a Wd of fa￿ to face and online to meet the thanging needs caused by Covid and the govemment restrictions. Although thi5 was drfficult for leamers and staff at the time this model has eont.nued and has enabled u5 to provide a much more resp￿&Ve teathing modet and servsce. delivered 301 courses in the academic year. Th& key strengths of the delivery ar8 Very responsive staff team ￿th a cajtture of fflexibllty to make po80b.ve and tomdy changes to ensure 9ood responses to C￿traI￿ and leamer needs. This was shchwn the move to online and blended delNery. Th? quality of tho tsathirtg, ieaming and a$S￿M￿ s wy 9¢￿1 ond lewws (k) b￿afft from high axpeclations, engagement, care, support and mottvation from the full staff team. This induded findirMJ devices aThJ data so that learners were able to conts'nue their leaming during l¢xkdovm. Management. 5y5tems and prc(es5e5 aTrJ qualrty starthrds are excdl*rt with vwy goc•J reports from exam boards and extemal audts. We have changed our exam tx)ard for the next ￿adeMiC year.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 1) use of In n and Good Thlngs Foundation We were able to distribute devic￿ and wuage learne￿ that V•ere most digI￿lY exduded wrth data support provided through the databank. NHS Project In March 22 we started a project working wth the NHS frlolgate practi￿) to deliver a Survey to ithntify the barriers for people using the online se￿￿ offered 1hrc￿gh the GP. A staff member WOTking 2.5 days a week to collect and analyse the data as well as Support paiients lo leam to use the NHS for example to cider prescriptiorts and have online consujtatffis. Furbdlt This project has gone strength to strength li this year as spwific staff have bèen employed to WC￿ on the project wM.fvrbd"rt.org.uk After suecessfully accessing support from the Communlty Fund have 1.5 slaff now to devdop this computer recycling and distribution project and employ a Business Development Manager. The projed is tacking digital eXdu$i￿ arKI digital irwualrty by collecting, refurbishing and then distributing computers, phones labtels. printers. A new partnership vAth The Untvergty of Tee￿de has resul￿ in fijrbdrt moving into the Launchpal which is an entrepreneuria] communty helpiry start ups and fcyjnders of new bu￿nesses. 0ovl¢e Llbrary We have formed a de￿ce lilxary which enables peOe to ￿[roW tsNets, lap tops and phones for specific purposes s￿h 88 to do a cwrse ￿ ¢)thertime limited &tivibes. This is VAI UWJ. miatlo Our contract wlh Educational Development Trust (EDT) ermbles us to delNer thro￿ the govemmenys National Careels ser￿￿. The service includes qualty workshops. 1 to 1 appointrnerrts and drop in support. This wntract is Important in being able lo help link locJ people preparing for workiro lrfe arKI to address th8ir barriers, as well as fvrther support into employment. trwning and vdunteering opportuntiies. The Servi￿ delNers in Middlesbrough and in Grangetown to local residents. The contraci has been renewed in the year. In this contract staff provided Servi￿ in drfyerenl ways due to covid and this has ￿ntinUed wth ddivery although mostty back kn lo face some is also delIve￿d over the phone. nts closer to Ini and vol A lot of our work is to help progress indiwduals lo vthere they need to be. lo ac*ieve Iti￿r goal. The employabilty support includes a CV workshop, woth club and wbercafé. Through 5UPWrt wth ba&c IT sknlls we heb with using the intemet and applying for jobs and recordirg job searth acbvtty. ￿ have access to qualty LMI (Labour Market In1611igencel and g)od local em￿￿0yer and training ddivery kn￿￿e(Ige. This V￿rk is supported through part5 of the National Careers serm￿ and MMjdlesbro￿h Colkge contracts as V￿11 as Ihe cybercafé and volunteer support. In thè year, from the people we have supportad these are the posltlv• progresslon outcomes. On average leamers completed more than 2 cotffses with us 18% moved into employment 2% moved into volunteering 1% into HE and 19% into FE We work %wth a wide range of ￿anISationS and the majority of our leamers continue to ¥￿Tk with other agencie8 for more CoM￿eX Ilfe kssues while still workiThJ us. We are often part of a long joumey.

THE HOPE FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 The support of volunteers 1$ key to the Charity's day to day opefaticffls. Volunteers and work ex￿enCe opportunibes are available in all areas of the delivery. This indude5 administration, reception, lutor support, café support. work club delivery. dvjital skills and acbwb"es. Volunteers PrO￿de aclded value to all areas of our work and helps us to be able lo deliver quality servi￿. Fof g)me this has prOV￿j to provide a pathway into employment. We have fornial volunteers V￿th a number of reguLar days supporting the work that goes on. We also have infom￿1 volunteering OPPDrtunibes where peOe help on an ad hoc basis for exam1￿8 with handyman and garden roles In the year we calculated volunteers WOTked 1.180 hcyjrs for the Charity. At a notional cost of £7.83 and £8.21 per hour this equates to a contribubon of approximatety £9,500. t encoura rtici on and reduce lon8liness and isolatlon The Lottery sUpp￿e￿ Agelng Better Mlddlesbrough {A8M) pmject 0)M￿eted after 7 years in Marth 2022. The project ha5 been workn.ng to reduce loneliness and isolab.on for people over 50 +. Of the seven stsff employed we were abje to inLyJrporate 3 into our current Over the year we have developed more social aCtiV￿eS through the volunteer support. Wth Support through Middlasbrough Councll and Darllngton Bulldlng Soclety we have been able to set up groups and provide tea and wffee as well as meals to help make a difference for peoFde struggling. We have also sel up a 'Snug' through private fundrai￿ng to prowde a warm space to hdp pewe are having difficulties paying their bills. Activities occur weekly and indude crafts. Bingo, a coffee moming. tea and teCh￿￿0￿Y drop in. board games, (Viz and record dub. These are mosty delivered by vc4urrteeT5 With staff SUFpNL Cyber Café The café is key for the communty of Hope and Middlesbrough tw ￿ntre. This is Wh￿ learners, staff and friends meet. Activthes tske ￿ace in this soaal spa￿ ￿ internet access and accesSi￿e space for meals and drop in. The staff are supportive and they a￿VaYS fin(J b.me lo that and make peop￿ wdcome. As it seats about 35 people Ihere is always a weserKe and people who come along soon make frterKls and are able to access support as required. We operate a subsidised kitchen with cheap home-made nutn"kn"ous healthy meaLs. Many of our dient group are on iw incomes and the Kitthenlcafé offws affordable m&qls and drinks arKJ a welr>)ming meeting place. There have been fiJrther general improvements to the building and intemally to the premises in the year to better facilitate how the building is used to meet I￿al negj. This indudes the new'snug, wrth soft fvmishings and a library. Jd We replaced the Ser￿ In INS ¢)Jrrent year.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Financial revie The Income streams thanged materially in this year. The Signifi￿nI ABM program finally completed in March 2022 after 7 years wth the result that Restrthd Incp)ming resources decx8ased by £131.471 {38.2%) on the prewous year. Unrestricted funds increased by £8,697 (3%) bul the makeup wa5 rn￿h changed. the easing of Covid restrictions in the year, Grants aThJ contracts increased by £51,750126.4%1, the café r￿pened in November 2021 contributiNJ £20.167 funds but other irtcome was markedly down by £63.017 (66.5%). The main reasons for the signffi(8nt reduction in Other Income were the COVKI supp)rt grants and insuTan( daim monies r￿1Ved in the previous year which totslkd £80,848 compared wrth £5.168 in the (#Jrrent year. Overall Total income tJec￿aSed by £122,774 {19.3%) Total resour￿ expended also changed materially in this year in response lo the changing income streams. Restricted funds expenditure d8cx&ased by £110.815 {32.1%) as theABM program costs ceased in March 2022. Unrestricted funds expenditure increased by £54.258 {22.5%) due to the café running msts being ircurred from November 2021 and an increase in wages eosts as 3 staff transterred frc4n the ABM program to UnTeslricted fund athwties from the 1stApril 2022. The movement in funds for the year wa5 a sm811 In￿ase in Unrestricted funds of £5,473 ￿ a decrease in Restricted funds of £22.278 whth was a satisfacltry OUt(￿me in a chaI￿nging year. The baiance sheet remains wdl geared wlh fixed assets at £417.882 with no lialylibes and the worknng capital ratio is 13..1 with net ￿rrent assets of £284.641 which meets the Chanty's policy on reserves of 6 months expenditure. Total frjnds al the balar￿8 sheet date were £702.523 (2021 . £719.328). Risk management The trustees have a duty to identify and revitrw the TÉsks to which the charity is exp)sed and to ensure appropri818 Jnlrols are in pe to provide reasonable as9jrydr￿ aganst ftaud arKI error. Th8 trustees are aware of the wten11￿ risks to the charity both finanaal and otherwse aTrJ implements strategies to eontrol or mirnmise these risks. Reg￿ar reviews of iisks and controls are undertaken.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Plan$ for future periods The end of Ihe ABM seven year prcigct rl March 2022 is a ianJe decrease in fvnding for the orgaThsation and the very $L￿e$s￿j1 work that has been carried OUL There are a￿vayS furnling challenges in a changirrfJ wodd. but we are (￿nfident that we wll be able to sustsin our activities and the support of lo¢￿ Feople. Our ￿nfidence is based on a ￿tIlent staff team wth a proven Irack record of ddivery who have contsnuaily. over many years. responded in a timdy and effective way to meet Ic￿1 need. Hnanoalty the cl￿rty is thng wthich all¢JWS US to urKlerpin ¢xr acbvity e￿tive￿ Some of the ChaI￿ge$ in the yearwll be 1) To conlinue to develop our hybrKI model of teathing and le￿Ir￿j delivery Supp￿ by the Adult Education Budget as a subeontraeior of Middlesbrwh Col. wll consolidate our deltvery in this year ensure we have exoll￿t achievement and retention rates to put us in a stroThJ posibon for frJrther funding. 2) To continue to address (Jigrtal KN)verty arKI the needs of the loc￿ communtty in terms of digital sknlls. 31 To provide $C￿al acb¥￿.es to hdp p&We th regard to mental health arKI h)neliness and isolatTh. This V•tJ linkn'ng in with lh& social prescribers and other such refeNal age￿les. 4) To continue to address fc(¥J and fvel ￿)vety to meet commuijty need. New Sources of funthng are being ¢wtinuJly sought lo ensure adequate fiJnding to M￿mise the dolivery of our Purposes and Aims to the communty. AdeqL￿e finanad resources are held to meet current aThJ future liabilities of the Charity and to fulfil cyjr Reserves policy. Structure> governance and management Governirtg document The organisats.on is a Christian based c)aritable company limrted by guarantee. Ir￿rpc￿ated on the 27 December 1995 and registered as a c*)arity on 15 December 1999. The company was established und8r a M8morandum of Association whith established the objeds and PV4ver5 of the charitable company arKI is governed under its Artides of Association. Recruilment and appointrnent of new tn The directors of the charrtable company are its tru5tee5 forthe purF￿SeS of chanty law and thrDughout the report are colle¢tivety ￿ferred to as the trustees. Mr P J Wnstone Mr J Keamey Mrs L P Sowerby DrA Knight Mr G Rodgers {Appoinled 22 March 2022} The trustees are appointed according to the conslrtthn of the organisab"on. One third of the tnjstees are requSrwJ to retire from office at eachAGM. A retiring trustee is ekn"gible for f&dethon. A new trustee Gavin Roduers ￿ds apwinted in the year. Organlsational structure The executive committse met 4 times belween August 2021 and Juty 2022 to revthy artiv￿e8. consider the financial positson to decide strategy arKI procedures. The thief executive, who is re¥pon¥il)le lo arKI reFQrts to the Exeortive Committee, oversees ts day to day work of the charity. In the year there were a further 11 staff positsons and 30 volunteers who assst with the proviston of services and •JmirMstratton.

THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 This report has been prepared in acctydarKe wrth the special provi%ons of Part 15 of the Companies Aci 2006 relating lo small companies. The trustees, report approved by the Board ofTrustees. Mr J Keamey Thistee 22 February 2023

THE HOPE FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOPE FOUNDATION LIMITED I reKKJrt lo the trustees on my examination of the financial slatements of The Hope Foundation Limted (the thartyl for the year ended 31 July 2022. Responslbllltles and basls of report As the trustees of the charity land also its directors for the FwrpO￿ of ￿)rnpany lawl you are re4￿nsible for the preparation of the financial statemerrts in aCC(￿danCe with the reqiirements of the compan￿ Acl 20C6 (the 20C6 Having satisfied myself that the finan￿al sLements of the charity 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 the charity's financial ststements carried out under Secti￿ 145 of the Chanties Act 2011 (the 2011 Act). In carying out my examirtalion I have fc4lowed all the apFAicabie Diredions given by the Charrty Commission under section 145(5}(b) of the 2011 Act. Independent examlnerfs ststemert Since the charity's gross income exceeded £250.000 your examiner musl t a member of a body listed in section 145 of the 2011 Act. I confinn that l am qualified to underlake the examinati￿ because l am a member of , which 18 one of the listed bodies. I have completed my examination. l Confirm that no matter5 have Lyjme to my attention in connection with the examination giving me cause to believe that in any Materi￿ re5pecL accounting records were not kept in respect of the charity as fequired by seth.on 386 of the 2006 Act" or the financial statements do not accord IpAth those records.. the financial ststements do not com￿Y with the accounting wuirements of section 396 of the 2006 Act other than any requirement that the accounts give a true arnj fair vie is IN)t a matter considered as part of an ir)dependent examin'on,' or the finanaal Statements have not been prepar&J in accordan￿ wtth the methods and princ]￿e$ of the ststement of Recommended Prath.￿ for a(xounb"ng arKI reporb.ng by charities applicable to charities preparing their accounts in accordance ￿th the Financial Reporb"ng Standard applicable in the UK ar(1 Rgpublic of Ireiand {FRS 1021. I have no concems and have c￿e ac¥oss no Ot￿￿ matth in g)nneth"¢)n examination to v•hi¢h attention should be drawn in this report in order to ena￿e a proper uThJerstsndiThJ of the finanoal statements to be reached. Christopher N&Asham ICAEW Davies Tracey Chartered Accountants and Business Advtsers Swan House Weslpoint Road Teesdale Business Park Stockton on Tees TS17 6BP Dated.. 22 February 2023

THE HOPE FOUNDATION LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 JULY2022 Totsl Unrgstrtded Restricted funds funds 2021 2021 Total funds 2022 funds 2022 2022 2021 Notes Grants and contracts Café income Investments Other irKome 248.036 20.167 1,535 31.687 212.663 460.699 20.167 1.535 31.687 1￿.286 124 1,614 94.704 344.134 540,420 124 1,614 94.704 Total incorne 301.425 212.663 514.088 292,728 344.134 636.862 Charitable aclivib'es 295,740 234,941 530.681 241.482 345.756 587,238 other 10 212 212 Total resources expended 295.952 234.941 530.893 241.482 345,756 587,238 N9t rnovement in funds 5.473 (22,278} (16.8051 51.246 (1,6221 49,624 Fund balances at 1 August 2021 649.168 70,160 719.328 597.922 71,782 669,704 Fund balances at 31 July 2022 654.641 47.882 702.523 649.168 70,160 719.328 The statement of financial acliwti.es Ir￿udeS all gains and losses rwnised in th8 year. All income aThJ expenditure derive from ¢x)ntinuing xtt¥itEs. The statement of financial actsthes also compltes with the requirements for an inccthe and expendlture account underthe CompaniesAct 2006. 10-

THE HOPE FOUNDATION LIMITED BALANCE SHEET ASAT31 JULY2022 2022 2021 Flxe(l assots Tangible assets 11 417.882 418,343 Current assgts Debtors Cash at bank and in hand 12 66.871 242,425 73.7&S 315,733 309.296 389.489 Creditors: amounts falling due wlthln one year 13 (24.655) (88.$04} Net cxjrrent assets 284.641 300,985 Total assats less current liabilities 71r2.523 719.328 Income funds Restricted fvnds Unresthded funds 14 47,882 654.641 70.160 649.168 702,523 719.328 The company is entitled to the exempb'¢)n fr(wn the aLvJit wiirement contained fft Section 477 of the Companies AGt 2006. forthe year ended 31 Juty 2022. The directors at*nowledg& th8ir resw)nsiixltties for fJ)mplwng with the requiremerts of the Comparies Act 2006 Spect to a￿Unting rec￿dS and the preparation offinancial S&￿eMents. The members have not required the ceffipany to obtain an audit of its finanual statements forthe year in question in accordance wth secbon 476. These finan￿al statements have been prepargj in accor￿ provisions apF4iozble to Com￿leS subject to the small companies regime. The financial statemants were approv￿ by the Trustees on 22 February 2023 Mr J Keamey Trustee Company regtstrdtlon number 03141290 11

THE HOPE FOUNDATION LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2022 2022 2021 Cash floY•3 from operating actlvltles Cash labsort>ed by)Igenerated from operations 18 (41.695) I￿eStIng actlvitles Purthase of tangib￿ fixed assets Proceeds from disposal of tangiNe ftxed assets Investsnent income received (33.3441 {6.4981 196 1.535 1,614 Net cash used in investing actmtles (31.6131 {4,8841 Net ush used In flnanclng actfvities Net dKrgasg in cash and cash •quivalents (T3,3081 {1,9181 Cash arKI cash equivajents at Winning of year 315,733 317,651 Cash and cash oqulvalents at end of y•ar 242.425 315.733 12-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2022 AGcounUng polkles Charity infommtion The Hope Foundation Limited is a private company limited by guarantee incorporated in England and Wath. The registered office i8 H¢)pe House, 1 Grange Road. mIdd￿brOUgh. TS15BA. 1.1 Accountlng ￿nventIon The financial statements have be￿ prepared in accJ)rdano woth the charitys MemoraThJum and ArtIC￿ of Assctiation. the Companies Act 2006. FRS 102 'The Finan￿￿ Reporb"ng Standard appliCat￿e in the UK and Republic of Ireland" I'FRS 102.1 and the Chariknes SORP "Accounting and Reporbng by Charities: Statement of Recommended Pr￿ce applicable to chariiies preparing their accounts in accordan( wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). leffectThie 1 January 20191. The charity is a Public Benefft Entty as defined by FRS 102. The finandal statements are prepared in sterling. is the functional cJJrrency of the chanty. Monetary amounts in these finanual stslements are rounded to the rarest The financial statements have teen prer•&l urKler the htstorlc£l ¢X￿ ccthrention. The prfnapal accounthg policies adopted are set out t￿ow. 1.2 Going concern At the time of approving the finanoal ststsmerrts. the trustees have a reasonable exption that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus th8 trL￿t88S continue lo adopt the going COn￿M basis of a¢countiThJ in preparing the finan(ial atements. 1.3 Charitable fund$ Unreslr]cted funds are avastabie for use at the discrtion the trustees in ffiJrtherdn￿ of ther eharitabl8 objethes. Restrthd fwKls are Subl￿t to (￿dItionS by as to hThv they may be used. The purFo¥e$ uses of the restslcied funds are set out in the r)otes to the statements. End¢)wment fvnd$ ar8 subjec to spgofic conditions by don¢ys that th8 ¢aprta] must be matntaingd by thg charity. 1.4 Income Income is re¢ognise<l %then the ctwity is legalty enbyed to tt after any perfomiance Cond￿t)n$ have Len met, the amoun15 can be measured relbably. and it i8 probable that income will be rtt￿ved. Cash donations are recognised on recapt. Other donations are reCOgn￿ed once the chanty has been notifi8d of the dcrtation, unless perfomiance c#)nditbons require deferrdl of the amounL Income recoverable in relation to donth.ons received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognis&J on receipt or otfowse rf the charity has teen notified of an IM￿￿dIng distribution. the amount is known. and receipt is expetted. If the amount is not knovm. the legacy is treated as a contingent asseL Gifts of fixed a55et5 are ￿￿1￿ donations in the Statemerrt of F5nanckal Activities at their estimated market value and cayklised irt the balants sheet. Intangib￿ irthme, vthith Comprises donated sejvkes, Is included in income at a valuati¢xt is an estim*e of the finar￿1 cost borne where such cost is quantifiable aml measurable. No income is recognised vthen there is no financial cosl bome ty a third party. Coronavirus Job Retention Scheme and other Covid w grnnts are arxounted for on an ac(guais basis and are induded in other Thicome. 13-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Accountlng pollcl&s (Continued) 1.5 Expendlturo Expenditure is recognised once there is a legal or COr￿e obfigalion to transfer economic benefit to a third paty, it is probable that a transfer of 6roncrfnic benefits V•ryll be required in setuemenl, ar￿ thg amount of the obligabon can be measured reliab￿. Expenditure is dassfied by actiwty. The cosls of each acbvrty are made up of the total of di￿ costs and shared costs, including support costs invofved in undertaking each activity. Direct costs attributatrje to a single aclivity are allocated direthy lo that aL"wty. Shared cosls ￿lch contiibute to more than one actvity and support costs whith are not attn"bLrtable to a singk adivty are apFortioned between those activitEs on a ba51S consistent with the use of resources. Centrd staff costs are alk¢ated on ts basis of time spent. and depreaalion charges are allccated on the wb'on of the asseys use. 1.6 Tanglble fixed assets Tangible fixed assets are inibalty measured at Cost and subsequentty measured at cost cff valuakn. net of depreaation and any impairment losses. DepreC￿￿on is rectsjnised $0 as to ￿lie off the cost or vaiualirm of assets less r8SKlual values over their useful lives on the foll¢)wing ba$8S'. Freehold land and ￿lIdIngS F]xtures and fittings c￿pU 2% on tX)st ¢)n buildings 20% on reducing balan 50% on redu¢irvJ balance JKI 20% on cost The gain or loss arising on th8 dispos￿ of an asset is detemiined as the difference befv￿n the sale proceods and the carrying v8lu& of the asset. and ts recoynised in the ststemeTrt of finanaal activities. 1.7 Cash and cash equlvalents Cash and eash equivalents indude cash in hand. depx)sits hdd at call with banks. other short-temi liquid investments with original maturrbes of three months or less, and bank overdrafts. Bank overdrafts are shown wthin ￿rroW7￿JS in cajrrerrt Ik8tilities. 1.8 Financial instrnments The charity has elected to apply the provisions of Section 11 'Basic Finanual InstTuments' and Section 12 'other Financial Instrunents Issues. of FRS 102 to all of ts finaThial instruments. Flnanci81 instruments are recognised in the chaTtVs balance sheet when the chty becomes party to the eonlractual provisions of the instrumert Financial assets and liabilthes are offset. amwrts presented in the financtal statements. %then there is a legally enfo￿able right to set off the recognised amounts and there 15 an intentTon to settle on a net basls or to realise the asset and settle the lialilty wmullanery. B￿C financlalassets Basic finanual assets, which indude debtors and eash and bank balances, are inrbally measured at transaction Pri￿ including tranSa￿lOn and are subsequenrfy carried at amortised cost using the effective interest method unless the arrangemeTrt ￿n$b"luteS a finanoro transaction, where the transathon Is measured at the presenl vaue of the ftrture r￿ipts discounted at a market rate of interest. Financfjal assets ctassffied as receivabk Y￿thin one year a￿ not amortised. 14-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 A¢¢ountlng pollcles Icontlnuedl Basic flnanclal Ilablllties Basic financAal liabilities. induding creditors and bank loans ￿ inthlty reeognis&J at transaction price unl8SS the arrangement constitutes a financiNJ transaction. Yknere the debt instrument is measured at the present value of the future payments dIS￿unted at a market rale of interesL FuwncAal liabilities d8￿fied a5 payable W￿lIn year are not amortised. Debt Instruments are subsequenty ￿￿led at amortised cos( u￿r￿j th& affectiv& interest rale method. Trade creditors are oblig"¢Ms to pay for gLX)ds or servi￿5 that have been acquired in th& ordinwy course of operat￿n$ from suppliers. Amounts payable are dassffied as current liabilities if payment is due wtthin one year or less. If not, they are presented as non-wrrent liaknltti"es. Trade uedilors a￿ reccyjnised lnrtia1￿ at transaction pri￿ and SLbbsequenYy measured at amortised cost using the eflectsve interest Ththod. Dergcognltlon of flnancialliabilhles Finanual liabilities are dereccgnisejj when the tharitys contracttJ* ctligab0￿ ewre ￿ are discharged or cancelled. 1.9 Empbyee bènèfits The cost of any Unus￿ holiday entiuwnent is recognised in the in ￿lch the employee's services are Temiination ￿nefftS are recognised immediatety as an expertsse ￿then the charity is demonstrabty committed to tem)inate the emtyoyment of an ￿plOyee ￿ to provide terrnina￿n b￿efitS. 1.10 Retirement benefits Payments to defined contribution reliremenl ￿efft S￿Me$ are d)arged as an expense as tw fall due. 1.11 Voluntsry serrflces In addili¢)n lo re￿rded incoming resour￿ the charsty received the benefit of many voluntary hours and unclaimed out of pocket expenses contributed by its yjpporters. It would be impossible to place a value on all these services and expenses, wthout which much of the vKYk undertaken ¢￿jId not be achieved arKI fci which the charity is extremety grateful. 15-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Charftsble acllvitles Total Grants Café i￿Orne Total 2022 2022 2021 2021 Grants and contracts Café In￿Me 460,699 460,699 20,167 540.420 540.420 124 20.167 124 460.699 20.167 480.866 540,420 124 540,544 Anatysis by fund Unrestricted funds Restricted funds 248.036 212.663 20.167 268,203 212.663 196.286 344.134 124 196.410 344.134 460.699 20,167 480.866 540.420 124 540,544 Investments Unrestricted Unrestri¢Xed fund$ fiJnds 2022 2021 Interest ￿￿¥a￿a 1.535 1.614 Other income Unrestricted Unrestricted funds 2022 2021 Insurance daim$ Sundry ineome Covid supwrt Room hire Car park other income 4.155 18,016 1.013 2,223 1.280 5,000 34,456 9.160 46,392 696 4,000 31.687 94,704 16-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 JULY2022 Charltablo a¢tl¥tti8s Charitable ChaTitable Expendlture Expendlture 2022 2021 Staff costs Depre¢iation and impairmerrt other tharitable expenditure 338.444 33,397 130.857 372,309 31,986 153,087 502.698 557,382 Share of govemance costs (see note 6) 27,983 29,856 530.681 587.238 Analysi5 by fund Unrestricted funds Restri¢frd funds 295,740 234.941 241,482 345.756 530.681 587,238 Support Gosts Support Governance costs 2022 2021 Staff cosls Accountancy fees Legal fees 18.755 3.781 18,755 3.761 5.467 18,828 3,561 7,487 27.983 27,983 29,856 Analysed be￿een Charit*e a(#ivitses 27,983 27.983 29,856 Governance costs indudes payments to the 1]￿dent Examiners of £2,75012021- £2,700). Net movement in funds 2022 2021 Net movement in funds is 5tsted after C￿￿1n￿lI￿edibngI Deprectation of owned tangible fixed assets Loss on disposal of tangib￿ fixed assets 33.397 212 31,986 17-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Trustgqs One or m(xe ofthe trustees has been paKI remuneration or has received Oth￿ benefits from an employment with the charrty. This remunerth.on is (fftty rewved in respect of seNces they prowde as employoes under their contracts of employment arKI not in respect of their serysces as trustees. The value of tTL￿tee8. remuneration and other b8nefits was as folkm.. Mrg L P Sowerby Remuneration £10.39512021 . £9.404) Employorfs pen￿On contribubons £312 {2021 . £2821 There were no ewses paid to trustees for the Ye￿ end8d 31 Juty 2022 rtor for the year ended 31 Ju 2021. Employe The average monthly number ofemF4oyees (kniThJ the yearwas.. 2022 Number 2021 Number Charitable actwitie5 Managgment and administration 13 15 Total 16 18 Employment costs 2022 2021 Wages aTrJ salaries SorAal security costs Other pensi¢)n wsts 319,217 23.927 14,055 349,997 26.171 14,969 357,199 391.137 There were no employees whose annual remuneratk)n was more than £60.0￿. 10 Other Unrastricted funds Total 2022 2021 Net Ioss ¢Xt dlswsal of tsngible fixed assets 212 212 18-

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 11 Tangible fixed assèts buildir Cost At 1 August 2021 Addition$ Disp¢)sals 542.649 14.614 199.993 6.494 (3.534) 796,706 33.344 13,534} 12,236 At 31 Juty 2022 557.263 202,953 66,300 826,518 Depreclatlon and Impalrn*nt Al 1 August 2021 Depreuats"on charged in the year Eliminated in respect of disFosaJs 193.752 12.745 168,242 7,472 (3.126) 16,369 13,180 378,363 33.397 13,126) At 31 July 2022 2C6.497 172.588 29,549 408.634 Canylng amount At 31 July 2022 350.7e 30.365 36,751 417.882 At 31 July 2021 348.897 31,751 37,695 418,343 12 Debtors 2022 2021 Amounts falllng due wlthln one year. Trade debtcfs other debtcxs Prepayments and accrued income 49,375 9,434 8.062 34,929 34,615 4.212 66.871 73.756 13 CredltOTS: amounts falllng due wllhln one year 2022 2021 other taxation and soual security Trade creditors Other creditors Accruals and deferred income 4.744 5.866 2.179 11.866 6.837 4,957 10 76.700 24,655 88,504 19-

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THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY2022 15 Anatysls of net assets between funds T¢Aal Unrestricted Restrlcted funds fijnds 2021 2021 Totsl funds 2022 funds 2022 2022 2021 Fund balances at 31 July 2022 are represented by". Tangible assets Current assetsllliabiltbes) 344.408 310.233 73.474 (25.592) 417.882 284.641 339.354 309.814 78,989 (8.829) 418,343 300,985 654.641 47.882 702.523 649.168 70,160 719,328 16 Flnanclal commltmgnts. guarantses and conllngent Ilabllltles Grants receivable may be rePaya￿e wi part or in full rf eertain ctThJrtions a$s￿at￿ with the grants are not met. 17 Rolatfjd party transadlons Remuneratton of key managernent personnol The remuneration of key management personnd is a5 foltovts. 2022 2021 Aggregate compensthc 49,029 50.804 18 Cash generated from operntions 2022 2021 {Defi(atysurpus for the year (16,8051 49,624 Adlusbnents for. Investment income recognised in statement of financial xtsvibes Loss on disposal of tangible fixed assets Depreciation and impaimient of tangible fixed assets {1,5351 212 33.397 11,614) 31,986 Movements in VKJth"NJ ￿P1￿1. De¢reasellincTeasel in debtor5 (Decrease) in c¥e(Irt￿S 6.885 (63.849) {10,488) (66.542) Cash (absorbed byygeneratsd from operattons {41,695) 19 Analysls of changes In net fvnds The tharrty had no debt during the y&8r.

THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 20 Share capital The o)mpany does not have share wtal, evw member of the u)mpany undertakes to ¢￿tribUte such an amount. not exceeding £1. as may be required to the assets of the company if it should be wound up while h8 is a memkr or witriin one year after he ￿Se$ as a member for Pa￿￿ent of the debts and liabilites of the company eontracted before he ceases as a memtr*r and the costs charges and expenses of wirKJing up and for the adjustment of the rights for the contributories among themselves. -24-

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