Company regIStra￿On 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 SoWe￿Y
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 advan￿ment 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 Obl￿tiveS 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 Ma￿h 2024. 29.2% of the population were economically inactive
{rell￿d, 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 actwit￿S and 8ch￿vementS 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 a￿8 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 prov*Je 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 $laff and premises. This year there h85 teen real dev*pment In work
with businesses arKI 'in kind support,.
Our current servtceslactivities include but are not limited to..
Mlddlesbrough College
The Hope Foundation delivers funclional skills qualifications from enty 1 to level 2 induding Maths, English and IT,
alongside life skills around social skills, confidence and employability. Our leaching approach is accessible and
provides leaming in a supportive way. The community are able to take up opportunities lo learn in a way that suits
them and in a space that suits thom. The majority of this work is funded through TVCA frorn the Adult Skills Budget
as a subcontractor of Middlesbrough College.
Achlgvements In the yèar
Wo successfully adapted OUT delivery model lo an onllne one to meet the changing needs eaused by Covid and the
govemment restrictions. Athough thi$ 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 Cu￿Ure 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 pr￿esseS 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$1 digilally exduded with data support
provided through the databank and the Good Things Foundation.
Furtxllt lrnnamed and rnbrandod In March 2025 to fu￿rtI
The projecl is tackling digital exclusion and digital inequalty by collecting. refurbishlng and then re distributing
eomputers, laptops, phones. lablels, printers and parts.
Partnership wlh The Universlty of Tee$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
s￿h 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￿ serV￿e 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 prOV￿e 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 a*xe$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 1￿MerS. 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$ed and to ensure appropriate
controls are In pla￿ lo provide ￿aSOnable assurance against fraud and error.
The trustees are aware of the poten1181 risks to the charity both financial and otherwise and implements strateg￿S lo
control or minimise these risks. Regular revthvs of risks and controls are undertaken.
Plans for futurn perlod8
There are continuing funding challenges in the current financlal cllmale.
Post b818nee sheet date there has been a major rostruclure due to fundiThJ challenges. Hope House which was the
base for a number of services was dosed in November 2025 and a number of the staff made redundant. Hope
House is to be pul up for sale and new premise5 sourced for the ongoing furbd part of the Charity.
Some of the challenge5 in the year wll be
11 To continue lo addre$¥ 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
pos￿0￿ 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 at￿rdance 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 befv￿n
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 a￿V￿eS.
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 ack￿th￿edge their re8p0ns1bil￿ie$ for comptying wth the requirements of the COmpa￿e3 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 a￿ordanCe whth the Memorandum and Artic￿5 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 appIl￿ble 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 $1oding, which is the fvnctional eJJrrency of the chanty. Monetary
amount8 in these financial statements Ire rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accountlng
policies adopted are sel oui below.
1.2 Golng concem
Al the lime of approving the financial statements, thè Trusl88s have a reasonable eyctation that Ihe charity
has adequate resources lo conbnu¢ in operatronal existen¢e for the foresseable lulure. Thus the Trustees
continue to adopt the going eoncem basis of accountsng in preparing the financial statements.
1.3 Charitable funds
Unrestricted fvnds are available for use 91 the discretion of the Trustees in ftlrtherance of their charitable
objectives.
Reslriclod fvnds are subjgct lo speclfic conditions by dor￿18 or grantors 88 to how they may be used. The
purposes and uses ol the restricted funds are sel out in the notes to thè financlal stslements.
Endowment fuNIs are subject lo speafic eondrtions by donors that the capltsl must be maintained by the
harity.
1.4 Income
Income is recognised Nthen the charity is legally entitled lo it after any porfomance Cond￿On5 have been met,
the amounts can ￿ measured reliably. orKI il is probable that Income will b& received.
Cash donations are rgcognised on receipt. Other donations are ree£Jgnised once the charity has been notifpd
of the donation, unless performance corbditions require deferral of the amount. Income lax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
Legacie$ 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
AccoUn￿n9 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 O￿nOMiC 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 dIr￿t 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 bala￿9 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$5 {if any).
1.8 stocks
Stocks are stsled al the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where appIl￿ble, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present locats'on and condition. Items held for distribLrtion at no or
r￿Minal consideration are measured thè lower of replacement cost and eost.
Nel realisable value is the eslimaled selling price less all estimated cos15 of completion and co$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 shOr￿te￿ 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 st*ments, 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 lefmin*ion 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 Judgorn￿lS,
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
mar￿Ment 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 ne￿rk. 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 a￿erations.
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
ex￿nded
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 curr￿1
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, l￿fe 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-