Company regIStraOn numbor 03141290 (England and Wales) Charfty rogl$tratlon numbor 1078607 (England and Wales) THE HOPE FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
THE HOPE FOUNDATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P J Wnslone Mr J Keamey Mrs L P SoWeY DrA Knigm Mr G Rodgers Secretary MrJ Keamey Charlty numb•r 1078607 Company number 03141290 Reglsterèd offlce Hope House 1 Grange Road Middlesbrough TS1 5BA Indèpendent examlner AbacusBean Llmlled Level Q Surtees 8usines$ Park Stockton on Tees TS18 3HR Bankers Barclays Bank PIC Unil 1 Centre Mall The Mall Middlesbrough TS12NR
THE HOPE FOUNDATION LIMITED CONTENTS Page Trustees, report IndeFendent examinels report Statement of finanual activities Balance sheet ststemenl of cash flows 10 Notes to the financial statements
THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2025 The Trustees who are also dire¢tors of the charity for the purposes of the Companies Act 2006 present their annual report and financial statements for the year ended 31 July 2025. The fin8nclal statements have been prepared in accordance with the accounting policies set out in note 1 to the financi81 slalemenls and comply wlh thè charty's Memorandum and Articles of Association. the Companles Act 20C6 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland {FRS 1021" (effective l January 20191. Oblèctlves and adlvltleg Purposes and Alms of The Hope Foundallon From the Charities Commission Goveming Documerrt: The advanment of education. the provision of opportunrtles for training, the at1vancemenl of religion and the relief of povety of persons on low income. Char5ty Alms The airn of the chartty18 relieving poverty and helping prowde hope and a purpose for local people. We do this by improving their identification of available opportunilles. ability lo access them and sUPPOrt for them to achieve their goals and targets in a supportive environment. Specific aims include al Raising aspirations, motivation and p8rticipation in social. educational and economic life bl Enabling people lo address barriers including soclal, psychologrcal, person81 and health issues cl Increasing skills and employability dl Encouraging the integration of all sertors of the communlty el Reducing loneliness and isolation fj Supporting people lo progress into work, education or volunteering gl Helping people develop their e£Jnfidence in themselves and their abilities h) Providing volunteering and work experience opportunities i) Working with a wide range of partners to meet individual and Community need Thls helps c*eale a safer and Stronger l¢)cal ¢ommunity, helping address povety. exdusion and disadvantage for Ioc81 residents. PublK benefft In shaping our ObltiveS for the year and planning our aclimties. the trustees have C4)nsidered the Charity Commission's guidance on public bènefit. All work and services we rry oul are for public benefit and the good of our loeal eommunty. They are all lo meet our aims and objectives. Lo¢al SI•t10n Employment and Skllls Bethen the census of 2011 and 2021 the F>opulalion of Middlesbrough has inu8ased ty 4% the 3rd largest rcenlage increase in the North East. 5.3% of the population are unemployed (economically activel across Middlesbrough Compared to 3.7% nationally and 3.90A acfOSS the North Ea$l. The proportion clairning unemployment related benefits was 6.2% in Mah 2024. 29.2% of the population were economically inactive {relld, lsX)king after the home or family being tgmporarily long tem sick and disabled. This is higher than across the North East 24.2% and nationalty 21.2%. Health and Wellbèlng Employment, skills and poverty are important risk factors linked lo health and wellbeing of local residents (Director of Health Report - mental health and emth'onal wellbeing in Middlesbrough 20141151. Loneliness and isolation are 8welal issues. WHO defines mental health as the state of wellbeing in whieh every individual realises his or her own polenlial, can cope wlh the nonnal stresses of lrfe, can work prodijclively and fruittully and is able to make a contribution to their communty. There is a massive rise in mental health needs and drug and alcohol issues locally.
THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2025 Achlovements and performance Sunificant actwitS and 8chvementS against obiectwes Activities, Projocts and Ser¥lces The eharity has continued lo successfully develop ils work, delivering services that make 8 difference in, and as part of. the Middlesbrough and Tees Valley eommunity. By delivering our services we direcily impact identified loca Issues in the 6th most deprived a8 in the country (index of Multiple Deprivalionl. We impact the index categories of Education, $ki115 and training (IMD scores 13.5%), income deprivation IIMD 22.5%), employment deprivation 122.5%). health deprivation and disability113.5%1, barriers to housing and services domain19.3%). Our objectives are.. To continually idenlty local need and facilitate the delivery of appropriate services tg meet that need. We do that through our own delivery, collaboration or signposting to a wde range of partners ensuring we support peoplg appropriately and in a holistic way. . To meet the needs idenlffjed by en8bling local residents to recognise and havg the support they require and know how lo achieve their asp'rations. goals and tsrgels in a safe and supportive environment. Over the year we had an average of 16 employees all on charitable activities. are able to provJe Soryices and activtti'es wth financial support through fundraising, grants, contracts and Service level agreements, as well a5 working partners and volunteers. The organisation continues to work hard to be sustainable and continue lo respond lo the increasing and changing communty needs and funding landscape whith continues lo be particularfy challenging as well as the increased costs of $laff and premises. This year there h85 teen real devpment In work with businesses arKI 'in kind support,. Our current servtceslactivities include but are not limited to.. Mlddlesbrough College The Hope Foundation delivers funclional skills qualifications from enty 1 to level 2 induding Maths, English and IT, alongside life skills around social skills, confidence and employability. Our leaching approach is accessible and provides leaming in a supportive way. The community are able to take up opportunities lo learn in a way that suits them and in a space that suits thom. The majority of this work is funded through TVCA frorn the Adult Skills Budget as a subcontractor of Middlesbrough College. Achlgvements In the yèar Wo successfully adapted OUT delivery model lo an onllne one to meet the changing needs eaused by Covid and the govemment restrictions. Athough thi$ was d*fficull for leamers and staff at the lirne this has resulted in a blended face lo face and online blended model whith has enabled us to provide a much more responsive teachirvJ model and service. The contract was delivered successfully in the year with good outcome$. The key strnngths of the delivery are". A very responsive management and staff team a CuUre of flexibility. wth an abilty to make positive and timely changes. to ensure timely responses to contract and leamer need5. The quality of the leaching, leaming and assessment is very good and leamefs ijo benefft from high expectations, engagement. care, support and motivation from the full stsff team. Device and connectivty support is provided through our device library and furbdit project. Management, systems and presseS and quality standards are excellent wth very gc¥)d reports from exam boards and other external audits. We were able to dislribule devices and engage learners thal were mo$1 digilally exduded with data support provided through the databank and the Good Things Foundation. Furtxllt lrnnamed and rnbrandod In March 2025 to furtI The projecl is tackling digital exclusion and digital inequalty by collecting. refurbishlng and then re distributing eomputers, laptops, phones. lablels, printers and parts. Partnership wlh The Universlty of Tee$side includes the project being based in tho University Launchpad spac8 since October 2022. This is on 8 6 months renewable le8se basis, in an entrepreneurial community helping start- ups and founders of new businesses.
THE HOPE FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Tee¥ Valley Comblned Authorlty UKSPF from Aprll 2025 to March 2026 Furbd has been supported through UKSPF lunds for 1 year to March 2026. This has enabled the continued employment of the Bu$ines5 Development Manager. the technical support officer and a part time marketing officer and volunteer support. The support has also funded the rebrand and re vigw of the web511e to indude the ability lo sell devices to makè the project more sustainable. furbd has built up links wth businesses and stslutory services as donors of redundant equipment. Many local agencies. working with the most vulnerabl8 in society, have en cruited as dlstribLrtors of the devices lo the pegple they are working wlh. Local agencies have been recmited as drop off points including Middlesbrough libr8ries_ Connectivity needs have been supported through the Good Things Foundation and the national dats bank. Natk>nal Lottery Communlty Fund - Reachlng Communltles monies support fvrbd recyding and re distTibuli¢)n of IT to ensure digital inclusion through worf(ing wlh 120+ organisations working with the most vulnerable. The fund employs a Business Development Manager and support worker. The funds came to an eTrJ in March 2025. The project is tacking dlgit81 exclusion and digital inequalty by collecting, refrJrbi8hlng and then re distributing omputers, laptops, phones. lablels, printers and parts Devic8 Llbrary We have fomied a device library which enabtes people to borrow tsblets. lap tops and phones for specifi¢ purposes sh as lo do a course or other time limited actimlies. This is well used. Inf Our contract with Educational Development Trust IEDD énab18S US to deliver through the govemmenys National Careers Servi. The service includes qualty workshops. 1 10 1 appointrnenls and drop in support. This contract is Important in being able to help link local people wth preparing for working lrfe and lo address their barriers, as well as further support into employment, training and volunteering opportunities. The service delivers in Middlesbrough. The eurrent contract has continued lo be delivered successfully. em A lol of our work is lo help progress individuals to where they need to be, to achieve their goal. The employability support includes a CV workshop, work club and cybercafé. Through support wtth basic IT ski115 we help with using the Intemel and applying for jobs and recording job search activity. We have access to quality LMI ILabour Market Intelligence) and good local employer and training delivery knovAedge. This work is supported through parts of the Nalional caree serVe and Middlesbrough College contracts as well as the cybefcafé and volunteer support. The support of volunlogrs is key to the Charity's day to day operations. Volunteers and work experience opportunities are available in all areas of the delivery. This includes administration, reception, bjt support, café supwrt. work club delivery, digitsl skills and acttvities. Volunteers provide added value lo all areas of our work and helps us to be able lo deliver qualty serviees. For some this has proved to prOVe a pathway into employment. We have fomal volunteers with a nurnber of regular days supporting the work th goes on. We also have infomial volunteering opportunrties where people help on an ad hoc basis for example with harKlyman and garden roles Dlgltal Volunteers l our volunleefing usès aspects of IT. From logglng hours lo supporting Feople lo axe$s IT. Partnership wth the College and University has resulted in work experience and internships teing offered. Current placements are for T level students, masters and degree $ludents and level 3 lechnlcal students. The T level students are key lo supporting the furbd contract. In the year we calculated volunteers worked 4,192 hours for the Charty. At a notional cost of £11.70 per hour over the year this equates lo a contribution of £48,331.
THE HOPE FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 JULY2025 Provl Café The café is a safe space for the communty of Hope and Middlesbrough town centre. This is where 1MerS. Staff and friends meet. Activrties tske place in this social space with internet access and accessible spxe for meals and dfop in. The staff are Supportive and they always find lime lo ehat and make people welcome. As il *ats about 35 people there is always a presence and people who come along soon make fn'ends and are able to access support as required. We operate a subsidised kitchen with cheap hom&made nutritious healthy me81s. Many of our client group are on low incomes and the Kitchenlcafé offers affordable meals and drinks and a welojming meeting place. Middlesbrough Mental Health Collè¢ttV8 The formal partnership has continued lo grow with 10 partner voluntary organisations involved as part of the mental health transformation programme. The café and staff support many people with complex mental health and other issues who need a space to go 8n(J 'belong' and be 'seen'. The work is progressing wrth further funding this year. By linkn'ng up services, gnpoSting and informal and formal support people are better served to have their needs mel in lems of mental health support. We havo community navigators through the NHS based in the certre once a week. In ctlvlties and s rrflces that enco ien Cyber Café The cyber café enables people to get a¢5 and support for di9ilal skills. Hope 2 Vlbrk and CV wortshops wlh Ihe focus on finding work take place weekly. Other work indudes lea and tech sessions, support to apply for jobs, how lo use your device and support accessin9 online courses and leaming. Buslness in tho Communlty There has been ongoing support in the year through BITC. This has inclLKled work on the EPC with Hydrock and pro bono wort with Ryders architects on the premises. Centrè for Warnith April 2024 to March 2026 a project work¢ng with the Northern Gas Netsvork is helping people with their utility bills tsckling the eost of Itving and fuel crisis. By helping vulnerable people register on the priority service register and leam about the effects of carbon monoxide and also having access to carbon monoxide alarms residents are supported. Other benefits of the prolect indude healthy eating and the distribution of slow cookèrs. Community Healihy H8arts This project is being headed up by The Hope Foundation with a range of partners on beh81f of midd$brough Council and Public Health. The proFect has been extended lo 2 years to March 2026. This year there have been major improvements lo the premises. This included support through busine88 in the ommunty help with a new front door. They also supported the new windows which weré replaced and supported through support from Esh. IT Intrd$twcturo There have been no significant changes in the year with the Cyber Security plus starKlard maintainwj. We are equipped to be able lo upgrade lo Wndows 11.
THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Flnanclal revlew Overall it w8s a successful yèar with a number of concurrent projects king well delivered and financially resulted in an overall surplus for the year of £17,221 v a deficrt of £24,364 prior year. Total inc(ffie increased £83.849113.8%1 to £692,682 and total expendiiure in¢0$ed £42,264 {6.7%1 to £675,461. The Balance Sheet remains strong with a working capital ratio of 4..1. There are no lon*term liabililles and a Totsl Funds Value of £696,053. Post balance sheet there has been a major reorganisation due to the challenging funding environment. HoFe incurred a deficit of £123.609 for the 5 months lo 31st December 2025 including £49,111 redundancy costs. The services have been reduced lo match current expènditure and Hope lemains in a strong financial pos¢tion and ha8 reserves in excess of 6 month$ current expendlture. ReseNes policy It is the policy of the charity that unrestricted funds which have not been de&'gnaled for a sp8cific use should be maintained al a level eqLTrivalent to six month's expenditute. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they wll be able to continue the tharity's current 8clivilie8 vthile considerakn'on is grvèn to ways in additional funds may be raised. This level of reserve$ has been maintained throughout the year. Rlsk management The trustees have a duty to enIfy and review the risks lo which the charity is expo$ed and to ensure appropriate controls are In pla lo provide aSOnable assurance against fraud and error. The trustees are aware of the poten1181 risks to the charity both financial and otherwise and implements strategS lo control or minimise these risks. Regular revthvs of risks and controls are undertaken. Plans for futurn perlod8 There are continuing funding challenges in the current financlal cllmale. Post b818nee sheet date there has been a major rostruclure due to fundiThJ challenges. Hope House which was the base for a number of services was dosed in November 2025 and a number of the staff made redundant. Hope House is to be pul up for sale and new premise5 sourced for the ongoing furbd part of the Charity. Some of the challenge5 in the year wll be 11 To continue lo addre$¥ digital povety and the needs of the local community in tsmis of digitsl skllls through furbd. 2} To maintsin the fijrbd staff tsam wilh the end of the UKSPF programme In M8r¢h 2026. 31 To find fit for purpose premises for fvrbd and help to develop ils sustainability throwJh the e-commerce plattomi. Including de(licated premlses. 4} New sources of funding are being Continually sought lo ensure adequate lundlng lo maxinise the delwery of our Purposes and Aims to the community. Adequate financial ffsources are held to meet current and future liabilities of the Charty and to fulfil our ReseNes policy. Structure. gov•rnance and management Governlng docum9llt The organisation 1$ a Christian based charitable company limited by guarantee, ineorporaled on the 27 Decemter 1995 and registered as a charity on 15 December 1999. The company was established under 8 Memorandum of Associats'on which establishes the objects and powers of the charitable Company and is governed urKler its Artides ofAs8oaation.
THE HOPE FOUNDATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 The Trustees, who are also the directors for the purpose of Company law, and who served during the year and up to the date of signature of the financial statements were.. Mr P J Wnslone Mr J Keamey Mrs L P Sowerby DrA Knight Mr G Rodgèrs Recnjitment and appoinlment olfruslees The directors of the charitsble company are ils trustees for the Purposes of tharity law and throughout the report are eollectivety referred to as the trustee5. The Iruslees are appointed 8eeording to the constitution of the organisation. One third of the trustees a required to retire from office al each AGM. A retiring Iruslee is eligible for re-election. Ottyanisational slmctu The executive committee met 4 times bets¥een August 2024 and July 2025 to revTew activitie5, consider the financial pos0 and lo decide strategy and procedure8. The chief executive. is respon5ibL9 to and reports lo the Executive Committee. oversees the day to day work of the charity. The Truste ' report was approved by the Board ofTrustee8. Mr J Keamey Trustse Dale..
THE HOPE FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOPE FOUNDATION LIMITED I report to the Trustees on my examination of the financral statements of The Hope Foundatton Limiled Ilhe charity} for the year ended 31 July 2025. Responslbllllles and basls of rgport As the Trustees of the charity land 81s0 ils directors for the purposes of company law), you are responsible for the preparation of the financial statements in atrdance 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 eliglblè for independent examination, I report in respect of my examlnalion of the charity's financial sL*emenls carried out under section 145 of the Charrties Ad 2011. In carrying out my examination I have followed the Direction$ given by the Charlty Commission under section 145{5}(b} of the Chariiies Act2011. Indep&ndent examlnerfs $tstement Since the charity's gross income exceeded £250,000. the irKlependenl examiner musl be a member of a body listed in section 145 of the Charities Act 2017. I confim that l am qualified to undertake the examination because l am a member of the InslitLts of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come lo my attention in nneCtion wth the examination giving me Cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as requlred by section 386 of the Companies Act 2006. the financial Statements do not accord wth those records; or the financial slalemenls do not compty with the accounting requirements of sedion 396 of the Companies Act 2006 other than any requirement that the financial stslemenls give a true and fair view. which 18 not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wth the methods and principFes of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial slalemenls in accordance %Mth tho Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021. I have no concems and have come aeross no other matters in connfjction wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the finanaal statements to be reathed. Bèverley Goodall BA BFP FCA AbacusBean Limited Level Q Surtees Buslness Park Stockton on Tees TS18 3HR Dated.. 29 April 2026
THE HOPE FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JUL Y2025 Unrestrfctod Restrlcted funds funds 2025 2025 Totsl Unrostrfctsd Regtrfcted funds funds 2024 2024 Total 2025 2024 Notes Income and endowmants from: vi Grants and contracts Café income 262.091 46,395 305,022 $67,113 46,395 271,645 45.092 249,572 521,217 45,092 Investments Other income 15,003 64,151 15,003 64,171 8.490 34.034 8,490 34,034 20 Totsl Income 387.640 305,042 692.682 359.261 249,572 608,833 Expenditure on: Charitable activities 398,325 277,136 875,461 392,195 241,002 633,197 Totsl expondllure 398,325 277,136 675,461 392,195 241,002 833,197 Net Incomellexpendlture) (10,685) 27,9C6 17,221 132,934) 8.570 {24.3641 Transfers befvn nds 43.517 (43,5171 Net movement In funds {10,685} 27,9C 17.221 10.583 (34,947) 124,3841 Reconclllatlon of fvnds: Fund balances al 1 August 2024 651,919 26,913 678,832 641.336 61,860 703,196 Fund balances at 31 July 2025 641,234 54,819 69e,053 651,919 26.913 678,832 The statement of financial activliies indudès all gains and losses rettjgnised in the year. All income and expenditure derive frtyn continuing aVeS. The slalemenl of financlal a¢tiV71ies also complles vrilh the requirements for an income and expenditure account untJer the CompaniesAct 2006.
THE HOPE FOUNDATION LIMITED BALANCE SHEET AS AT31 JULY2025 2025 2024 Notgs Flxed assets Tangible assets 12 347,432 359,727 Current assets Stocks Debtors Cash at bank and in hand 13 14 12.491 79,916 487,229 81.388 384.409 465,797 579,636 Cr•dltors: amounts falllng due within one year 15 1117,1761 (260,5311 Net currnnt assets 348,621 319,105 Totsl assets less current Ilabiltties 696,053 678.832 Net assets 696,053 678,832 The funds of the charlty Restricted income fvnds Unrestricted funds 17 54,819 641,234 26,913 651,919 696,053 678.832 The company is entitled to the exemption from the audit requirement conlalned in section 477 of the Companie5 Act 2006. for the year ended 31 July 2025. The directors ackthedge their re8p0ns1bilie$ for comptying wth the requirements of the COmpae3 Act 2006 th resped to accounting records and the preparglion of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordancé wlh section 476. These finaneial stslements have been prepared in atsx>rdance wrth the provisions applicablo to companies subject to the small companies regime. Th¢ fina cia I¥...... lol statements were opproved by the Trustses on ....... Mr J Keamey Trustse Company regi$lralion number 03141290 {England and Wales)
THE HOPE FOUNDATION LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2025 2025 2024 Notes Cash flows from operating actlvltles Cash (absorbed byllgenerated from operations 1107,086) 250,484 lTrvestlng ¥ctlvltle8 Purchase ol tsngible fixed assets Investment ineome received {10,737} 15,1]03 (662} 8.490 Nèt cash gwerated from Invostlng actlvhle8 4,266 7,828 N8t ca$h generated from flnanclng activltigs Net (decreaseylncrnase In Cash and cash ulvalents 1102.8201 258,312 Cash and $h equivalents at beginning of year 487,229 228,917 Cash and cagh equlval•nts at end of ye•r 384.409 487,229 10-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 Aceountlng polS¢108 Charity infom)atlon The Hope Foundation Limited is a private company limited by guarantee incorptsrated in England and Wales. The registered office is Hope House, 1 Grange Road, Middlesbrough. TS1 5BA 1.1 Basls of preparatlon The financial ststemen15 have been prepared in aordanCe whth the Memorandum and Artic5 of Asso¢iab'on, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable lo charf(ies preparing their accounts in accordance with the Financial Reporting Standard appIlble in the UK and Republic of Ireland IFRS 1021" {effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The finandal stslements are prepared in $1oding, which is the fvnctional eJJrrency of the chanty. Monetary amount8 in these financial statements Ire rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accountlng policies adopted are sel oui below. 1.2 Golng concem Al the lime of approving the financial statements, thè Trusl88s have a reasonable eyctation that Ihe charity has adequate resources lo conbnu¢ in operatronal existen¢e for the foresseable lulure. Thus the Trustees continue to adopt the going eoncem basis of accountsng in preparing the financial statements. 1.3 Charitable funds Unrestricted fvnds are available for use 91 the discretion of the Trustees in ftlrtherance of their charitable objectives. Reslriclod fvnds are subjgct lo speclfic conditions by dor18 or grantors 88 to how they may be used. The purposes and uses ol the restricted funds are sel out in the notes to thè financlal stslements. Endowment fuNIs are subject lo speafic eondrtions by donors that the capltsl must be maintained by the harity. 1.4 Income Income is recognised Nthen the charity is legally entitled lo it after any porfomance CondOn5 have been met, the amounts can measured reliably. orKI il is probable that Income will b& received. Cash donations are rgcognised on receipt. Other donations are ree£Jgnised once the charity has been notifpd of the donation, unless performance corbditions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacie$ are recognised on receipt or otheNlse if the charity has been notified of an impending diqtribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Gifts of fixed assets are Included vmlhin donations in the Statement of Finanoal Activities at their estimated m8rkel value and capitalised in the balance sheet. Intsngible income, which comprises donated services, is included in income al a valuation which is an estimate of the financial cost bome where such cost is quantifiable and measurable. No income is rocognised when there is no finanaal cost bome by a third paty. Coronavirus Job Retention Scheme and other Covid support grants are accounted for on an accruals tésis and are included In other in¢ome. 11
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 AccoUnn9 polkles {Conllnued} 1.5 Expgndlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third paty, f( is probable that a transfer of OnOMiC benefits wll be required in Settlement. and the amount of the obligation can be measured retiably. Expenditure is classified by acttvity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each a¢liwty. Direct costs attributat4e to a single 8etivty are allocated directly to that acb'vity. Shared costs which conlrtbule to more than one activity and support costs which are not 8ttribulable lo a single activity are appo.Oned between those activilEs on a basis consistent with the use of resources. Central staff costs are allocatsd on the basis of tim8 spent, 8nd depreciation charges are allocated on the portion of the asset's use. 1.6 Tangiblo fixed assets Tangible fixed as$els are initi'ally measure¢J al cost and subsequently measured at cost or valuation, nel ol depreci81i¢)n and any impairment loss. Depreciation is recognised $0 as lo write off the cost or valuation of as8ets le5S their residual values over their useful live8 on the following ba88S'. Freehold land 8nd buildings Fixtures and fittings CompLrters 2% on cost on buildings 20% on reducing balance 50% on reducing bala9 and 20% on cost The gain or loss arising on the disposal of an as$81 is deleminèd as the difference be¥een the sale proceeds and the carying value of the 8sset, and is recognised in the slalèment of financial activities. 1.7 Impairment of flxgd assets At each reporting end date, the charity reviews the earrying amounts of its langibte assets lo determine whether there is any indication that those assets have suffered an impaimenl toss. If any such indution exists, the recoverable amount of the asset is esb'mated in order lo determine the extent of the impaimient 10$5 {if any). 1.8 stocks Stocks are stsled al the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where appIlble, direct labour costs and those overheads that have been incurred in bringing the stocks to their present locats'on and condition. Items held for distribLrtion at no or rMinal consideration are measured thè lower of replacement cost and eost. Nel realisable value is the eslimaled selling price less all estimated cos15 of completion and co$ts lo t Incurred in marketing, Selling and distribution. 1.9 Cash and cash equlvalents C8sh and cash equivalents indude cash in hand, deposrts held at call with banks, other shOrte liquid investments wth original maturities of three months or les5, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 12-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JUL Y2025 Accountlng pollcies (Contlnuedl 1.10 Flnanclal instrumgnts The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financi81 Instruments Issues. of FRS 102 to all of ils financial instruments. Fin8ncial in8trLtmenls are recognised in the eharitys balance sheet when the tharity becomes party lo the onlractual provision$ of the instrument. Financial assets arKI liabililies are offset, wlh th8 net amounts wesented in the finarKial stments, when there is a legally enforceable right lo set off the recognised amounts and there 1$ an intention lo settle on 8 net basis or lo 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 al amortised cost using the effertive interest method unless the afrangemenl conslilules 8 financing transaction, where the transaction is measured at the present value of the fijlure receipts diso)unled at a market rate of inte$1. Finanaal assets classlfled as re¢eivable wthin one year are not amortised. Basic finan¢lal Ilabilities Basic financial liabilities. induding creditors and bank108ns are initj'ally recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the prgsenl value of the fvlure payments discounted al a market rate of interest. Financial liabilities classified as payable wfthin one year are not amortise¢J. Debt in8trum8nts are subsequently carried at amortised cost, using the effeclwe interest ratg method. Trade uedilors are obligations lo pay for goods or services that have been acquired in the ordinay course ot operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subseqLterfy measured al armrtised cost using the effective interest method. Derecognition of Ilnaneial liabilities Financial liabilities are derecognised when the charity's contractual obligauons expire or are discharg8d or cancelled. 1.11 Employeo bgngflts The cost of any unused holiday entitlement is recognised in thè period in which the empl¢)yee'8 seNice$ are received. Tem)inalion benefits are recognised immediately as an expense when the charty is demonstrably commrttod lo teminate the employment of an employoe or to provide lefminion bgnefils. 1.12 Retlrèmgnt b8nefSts Payments to defined contribubon retirement benefft schemes are charged as an expense as they fall due. 1.13 Voluntary servlco8 In addition lo recorded incomlng resources, the charity received the trenefft of many voluntary hours and unclaimed out of pocket expenses contributed lo by ils supporters. It would impossible to place a value on all these semces and expenses, wilhoul which much of the work undertaken could not be achieved and for which the charity is extremely grateful. 13-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY2025 Critical accountlng estlmates and Judgements In the application of the charity's ace£)unling policies, the Trustees are required to make JudgornlS, estimates and assumptions about the earrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoualed assumptions are based on historical experience and other fadors that are considered to be relevant. Actual resums may differ from these estimates. The eslimales and undertying 8ssumptKJns are revlewed on an ongoing basis. Revisions to accounting estimates are reeognised in the period in %thich the estimate is revised where the revision 8ffecls lY that period, or in the period of the revision and future periods where the revision affects both t)Jrrent and futu pofiods. Income from eharltsble activitl•s Grants andcafé Income contracts 2025 Total Grants andcafé Income contracts 2024 Totsl 2025 2025 2024 2024 Grants and conlracis Ancillary trading inwm8 567.113 7,113 521.217 521,217 46,395 46,395 45,092 45,092 567,113 46.395 613,508 521.217 45,092 566,309 Anaty818 by fund Unreslrictgd funds Restricted funds 262,091 305.022 46,395 308,486 305,022 271,645 249.S72 45,092 316,737 249.572 567.113 46.395 613,508 521,217 45,092 566,309 Income from investments Unrestrfct•d Unrgstrlct funds funds 2026 2024 Interest receivable 15,003 8,490 14-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Othor InGomg Unrnstrlcted Restrict•d funds funds 2025 2026 Total Unrestrfctsd Restrlcled funds fvnd$ 2024 2024 Total 2026 2024 Sundry income Room hire Car park Employment allowance 44,945 7,453 1,253 10,500 20 44,965 7.453 1,253 10,500 25,589 2.005 1.440 5,000 25,589 2,005 64.151 20 64,171 34,034 34,034 Exp8ndlturg on charltabl• actlvltl•s Charftablg Charftabl• expendtturn •xpenditure 2025 2024 Staff eosls Depreciation and impairment Other tharitable expenditure 453,425 23,032 168,246 395,858 29,768 171,046 644,703 596.672 Shar• of support and governance costs {$8• not• 7) Governance 30.758 36.525 675,461 633,197 Analysls by fund Unreslricled fvnds Restricted funds 398,325 277,136 392,195 241,002 675.461 633,197 Support costs allo¢at8d to actlvltlos 2025 2024 Governance costs 30,758 36.525 Analysed b•tween: Charrtable expenditure 30.758 36,525 15-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2025 Net movement In funds 2025 2024 The not movement in funds is stated after chargingllcrediting).. Fees pay8ble to the charity's independent examiner.. - for the independent examination of the charity's finana818tatemenls - for other financial services Depreciation of owned tangible fixed assets 2,640 1,152 23,032 1.458 29,768 Tru$tee$ In the previous financial year, one or more of the trustees has been paid remuneration or has recaved other bonefits from an employment wlh the charity. This remuneration wa$ only received in respect of se$ they provide as employees und&r their contracts of employment and not in respect of their services as Irusle8S. The value of tW8tees' remunerati and other benefits was as follows.. Mrs L P Sowerby Remuneration £Nil12024'. £80n Employer's pension contributions £Nil {2024.' £221 There were no expen$es paid to trustees for the year ended 31 July 2025 nor for the year ended 31 July 2024 10 Employees The average monthty number of employoes during the year was.. 2026 Number 2024 Number Charitable Activities marMent and administration 16 14 Total 17 Employment costs 2026 2024 Wages and salaries Soaal security costs Other pension costs 409.788 45,176 18,803 364,824 33,886 16,642 473,767 41 5,352 There were no employees whose annu81 MUneratIon was more than £60.000. 16-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 10 Employees Icontlnuodl Remuneratlon of key management pernonnel The remuneration of key management personnel was as follows.. 2026 2024 Aggregate compensation 55,122 53,975 11 Taxatlon The charity is exempl from taxation on its actlvili8$ because all ils income is applled for Charitable purposes. 12 Tangibl• flxod a88ets Freehold l•nd Flxlures •nd and bulldlngs flttlngs Comput•rn Totsl Cost Al 1 August 2024 Addittons 557,262 10,737 201,496 68,243 827,001 10,737 Al 31 July 2025 567,999 201.496 68,243 837,738 Depreclatlon and Impalimonl At 1 August 2024 Depreciation charged in the year 229.076 10,779 181,767 3.928 56.431 8.325 467.274 23,032 Al 31 July 2025 239,855 185,695 64,756 490,306 Carrying amount At 31 July 2025 328,144 15,801 3.487 347.432 At 31 July 2024 328.186 19,729 11.812 359,727 13 Stocks 2026 2024 Raw materials and consumables 12,491 17-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 14 Debto 2025 2024 Amounts falling duo wlthln one year- Trade debtors Other debtors Prepayments and accrued income 9.767 13,160 58.461 46.728 359 32,829 81,388 79.916 15 Crèditors: amounts falling due wlthln one year 2025 2024 Other taxation and social security Trade creditors Accruals and deferred income 8,477 3,817 104,882 5.430 12,883 242,218 117,t76 260,531 18 R•tlrgment benth sch•mes 2025 2024 D¢flned contrlbutk+n schemeg Charge to profrt Of loss in r8SP8Ct of defined ¢ontribution schemes 18,803 16.642 The charty operates a defined contribution pension scheme for all qualjfying employees. The a88ets of the scheme are held separately from those of the charity in an independently administered lund. 18-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 17 Restrfcted funds The restricted fvjnds of the eharity comprise the unexpended balances of don*ion$ and grants held on trust subject to specffic condltlons by donors as to how W may be used. At 1 August 2024 Incomlng Resources re8our¢8s expended Transfers At 31 Juty 2026 Tees Valley Business Fund CDCF Nation81 Emergencies Trust Covid 19 Fund Awards forAI (Fun. food and friendship) Good Things Foundation- Everyone Thrives]Make it Cli¢k Awartls forAI (2011 & 20131 Lottery Fund Good Things Foundation- Digital Inclusion Grant 8ig Lottery - Furbd BITC - Porch DWP- Access4Work (Café) Catherine Ccokson Charitable Trust (Café} Community Health Hearts Middlesbrough Mela- MappiNJ Exe¥ase BITC - Furbd DICA- Furbd Newcastle Building So(iety- Hope2Wofk Northem Gas- Centre for Warmth Red Balloons Churth Urban Fund- Tastes Llke Home Wami Space support Esh ConslrucLion- WiThSows 812 18121 1660) 3,263 (730) 2.533 300 (3001 11711 1172) 1,193 17,842 18,014 2,500 (2,5001 146,4101 110,0001 18,050) 46,410 20,000 8,050 10.000 750 41,805 750 141,8051 1,250 4,000 44,500 1985) 14,000) 144,500) 265 5.000 {2,8991 2,101 100,332 2,500 11CiI,3321 (2,500) 4,345 6,1¢JO 20,000 14.210) 16,100} 135 20,000 26,913 305.042 1277,1361 54,819 19.
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y2025 17 Rvtrlctod funds (Continu8d) Prevlous year: At 1 August 2023 Incomlng Rosourceg resources expended Transfers At 31 Juty 2024 Tees Valley Business Fund CDCF National Emergencies Trust Covid 19 Fund Awards forAII (Fun. food and friendship) Good Things Foundation- Everyone ThrivesNake11 Click Access Foundation Awards forAI120131 Awards forAII12011} Big Lottery Fund DWP- Access4Work {Cafel G¢)od Things Foundation- Digital Inclusion Grant Teessid8 University- Participatory Research Fund Northem Gas- Centre for dmth Teesside University- Digital Inclusion Project Big Lottery- Furbdll 2,432 11,8201 812 1,650 {990) 4,113 1850) 3,263 600 33,281 1,404 177 18,203 1300) 133,281) 1138) 179) (1891 {18,9321 31x1 1,266 98 18.014 16.932 8,000 1160) {3,340) 2.500 2,500 12.5001 14.287 114,2871 152.158 55,695 {120,047) 147,629} {32,1111 {8.0661 61,860 249,572 1241,0021 143,5171 26.913 -20-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 17 Restrlet•d funds {Contlnuedl Restrfded Funds Tees Valley Business Fund120201- fijnding towards a new computer nerk. This fund is depretiated in line with the depreciation policy for the asset classes. CDCF National Emergencies Trust Covid 19 Fund {20201- purthase staff laptops to enable staff to work from home during the Covid lockdowns. This fvnd is depreciated in line with the depreciation policy for the asset lasses. Awards for All IFun, food and lriendshipl120201- utilised in October 202110 upgrade and gel the café ready to reopen after Covid. This fund is depieryaled in line with the depreciation policy for the asset das$8s. Go¢xl Things Foundation- Everyone Thriveslmake it click 12020} - fvnding to help improve people's lrfe and work outcomes through the use of digital technology. supply 4 computers and Stsff time. CDCF National Emergenoes Tntst Covid 19 Fund 120201- furthd the development of ww.furbdit.org.uk website lo 1) records the collection of unwanted devices 21 manage the pr¢xess of receiving and recycling devices 3) the distribution of the devices in the community. Middlesbrough Counol COVHI Recovery Grant 120201- $upporting Middlesbrough residents coming OLrt of Awards All (2013) - a capital grant for café and outdoor fumiture and byke bins. This fvnd is depreciated in line wth the depreaation policy for the asset classes. Awards forAII12011}- a grant tthvards development of the cybercafé, reception and café area. B Lottery Fund 120071- a grant to provide and refurbish a new dassroom. purchase new equipment and contribution lo overheads lo support the integration and education project. This funij is depreeialed wth the depreciation pollcy for the asset classes. Northem Gas - Centre for Warmth - helping people wth their Lrtility bills tsckling the cost of Iwing and fv&l crisis. Helping vulnerable people register on the prioThty servlce regisler and learn about the effects of carbon monoxide and also having access lo carbon monoxide alarms residents are supported. Other benefits of the project include heallty eating and the dlstribution of slow cookers. Big Lottery - Furbd - monies support Furt)d recycling and re di$lribLrtion of IT to ensure digital inclusion through working with 120+ organisalions worknng Ihe most vulnerable. BITC - Porth - Grant funding for porch aerations. Catherine C¢)okson Charitable Trust- Grant towards café alteration8. Newca$lle Building Sodety Community Foundation- Grant to fvnd Hope2Work stheme. Red Balloons- Grant to fund craft activities. Church Ufban Fund- Fundlng for Tastes Like Home. evenings featuring food from around the world. Wam Spaee Support- fvnding for Wami Spaces. offering safe, heated envfronment when it 1$ cold outsid¢. Esh Construction- Wind¢)ws- Grant for new windows at Hope House. 21
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 18 Unrnstrlcted funds The unrestricted funds of the charty comprise the unexpended balances of donations and gran18 which are not subject lo specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 August 2024 Incomlng Resourc98 resourcgs èxpendod Transfern At31Ju 2025 General fund8 651.919 387.640 (398,325) 641,234 Prevlous year: At 1 August 2023 Incoming resourtes Rosources exnded Transfers At 31 July 2024 General fvnds 641,336 359,281 {392,195) 43,517 651,919 19 Analysls of net assèts bgtween funds Unrestrict•d funds 2025 R8strfcted funds 2026 Total 2026 At 31 July 202S: Tangible a$sels Current assetsl(liabilities) 315,864 325,370 31.588 23,251 347,432 348,621 641,234 54,819 696,053 UnRstrlctod funds 2024 Restrlctsd fund8 2024 Total 2024 At 31 July 2024: Tangible assets Current assetsllliabililiesl 337,735 314.184 21,992 4,921 359,727 319.105 651,919 26,913 678,832 20 Contlngent Ilabllltles Grants receivable may be repayable In part or in full rf certain conditions associated with the grants are not met. -22-
THE HOPE FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2025 21 Llmltsd by guar•ntse The company does not have share capital, bul every member of the company undertakes to tribUte Such an amount, not exceeding £1, as may be requirgd, to the assets of the company if it should be wound up whilfr they are a member, or wthin one year after they cease as a a membgr, for payment of th6 debts and liabiliti'es of the company contracted before they cease as a member and the $ts, charges and expenses of winding up, and for the adjustment of the fights for the contribLrtories among themselves. Events after the reportlng dats Due to a challenging funding environment. there has been a major reorganisation of the Charity after the balance sheet dale. The charity recorded a deficrt of £123,609 for the 5 months lo 31st December 2025 which included £49,111 in redundancy eL)sls. The chanty's services have been reduced to match curr1 expenditure and the propety al Hope House has been placed on the market. The charity expects to conlinufj to operate through il's Furbd projects and at the time of approving the financial slatemenls, the Trustees have a reasonable expectatson that the charity has adequate resourees to continue in operational existence for th¢ foreseeable future. 23 Related party transactions During the year, Sue Ke8mey, lfe of John Keamey, a trusteg, was paid remuneration in respect of services she provided as CEO under a contract of employment with the charity. Detsils are Covered in note 10 under remuneration of key management pgrsonnel. 24 Cash (absorbed byyggneratsd from opgratlon8 2025 2024 surplU{d8f1CItI for the year 17.221 124,364) Adlustments for: Investment income recognised in statement of financial activities Depreaation and impairmgnt of tangible fixed assets {15.0031 23,032 {8,4901 29.768 Mov•m•nts In kntsrking ¢apltal: Decreasellinueasel in stocks lIn•s8}Ide¢reaSe in debtors IDecre8se}lincrease in creditors 12,491 11,472) (143.3551 {12,4911 29,2 236,825 Cash (absorb8d byygènerated from operatlons 1107,086} 250,484 26 Anaty818 of changes In not funds The tharity had no material debt during the year. -23-