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← Hope 08 Ltd

2024-12-31-accounts

HOPE 08 Ltd

Limited by guarantee and not having a share capital TRUSTEES' REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024

Hope 08 Ltd (limited by guarantee and not having a share capital)

Company number 05801431 Charity number 1116005 2 Fournier Street

London

E1 6QE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Laurence Singlehurst (Chair) Mark Greenwood David Oludoyi Andrew Kilby – resigned 23[rd] October 2024 Pauline Mack Rev Nigel Coles President Roy Crowne Executive Director Rachel Jordan-Wolf Registered Office 2 Fournier Street London E1 6QE Governing Document

Hope 08 Ltd is governed by its Memorandum and Articles of Association dated 29th April 2006. No amendments have been made to date.

Hope is a charitable company limited by guarantee and was incorporated on 29th April 2006.

Bankers Unity Trust Bank Nine Brindley Place Birmingham B1 2HB Independent Examiner Simon GC Towers FCA Clifford Towers The Hall Priory Hill Rugby Road Wolston CV8 3FZ Registered Charity No. 1116005 Company No. 05801431 Incorporated in England & Wales.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

Contents

Cover 1
Legal and administrative information 2
Contents 3
Trustees' Report 4-8
Independent Examiners Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Accounts 12-17

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Hope 08 Ltd (limited by guarantee and not having a share capital)

TRUSTEES' REPORT FOR THE YEAR ENDED 31st DECEMBER 2024

The Trustees present their report and the financial statements of the charity for the year ended 31st DECEMBER 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

1. TRUSTEES OF THE CHARITY

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year were as below

Laurence Singlehurst (Chair) Mark Greenwood David Oludoyi Andrew Kilby – resigned 23[rd] October 2024 Pauline Mack Rev Nigel Coles

2. OBJECTIVES AND ACTIVITIES

The principal object of the charity is to advance the Christian faith in the UK and overseas.

The aim of HOPE is to encourage the diverse range of churches across the United Kingdom to engage in word and action community mission amongst the 65 million residents.

The ongoing work is intensified to build around the Christian calendar and to communicate the Gospel of Jesus Christ through word and actions, creating a lasting legacy of both physical and spiritual change in individual lives and communities.

The work of Hope is being financed by a large number of personal supporters and Trusts who have a particular interest in the success of mission. In addition the mainstream churches are supporting the work financially both locally and at national level. While fundraising is important it is the aim of Hope to keep the central office small and administratively efficient.

The Trustees would like to thank all the people who have joined in again by giving sacrificially to Hope both financially prayerfully and physically. Special mention needs to be given to all the thousands of volunteers around the nation who are again rising to the challenge of embedding mission in our communities.

3. PUBLIC BENEFIT STATEMENT

When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion.

4. Hope Together 2024 End of Year Report

2024 was an extraordinary year for Hope Together. We fulfilled our vision to equip, encourage, envision, and enable evangelism across the UK. The team delivered another outstanding year of impact, achieving results well beyond our size and spreading the good news nationwide. In 2024, Hope Together distributed 201,709 resources and connected with mission minded leaders and evangelists across the UK through a wide range of initiatives.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

Hope Together Distribution, Activity, and Engagement Statistics:

Talking Jesus Research in 2024

The Talking Jesus research, first published in 2022, continues to shape how we think about faith in the UK and where evangelism opportunities lie. It underpins the development of our resources, ensuring they’re not only beautiful to receive but genuinely useful and lasting. The impact goes beyond Hope Together: in addition to the hundreds of digitally downloaded reports, in 2024, 2,743 printed reports were received by those looking to turn the findings into practical, local solutions. By year-end, we were talking with other national partners about updating and expanding the research for 2025–2027.

Talking Jesus Course

The Talking Jesus Course remains a practical, welcoming way to help local churches equip everyone to speak about Jesus in the everyday contexts. This year, the accompanying workbook helped 1,974 people deepen their understanding and application. An updated film version has been well received and continues to embed this important research at the local level.

Talking Jesus: Healed Restored

Our Healed/Restored handout, inspired by Isaiah 64:8, is a bright, encouraging resource reminding us that we are the clay and God is the potter, healing and restoring us with his loving hands. It proved popular used alongside the Talking Jesus course and as a standalone resource, with 3,920 distributed in 2024.

Talking Toddlers

The Talking Toddlers Webinar continued to run termly, equipping toddler-group leaders to make the most of the missional opportunities in this age group and with their parents. We’re exploring plans to revisit the 2019 research in 2025, recognising the strategic potential of mission to this demographic.

Great Gospel Giveaway

In November 2024, we set a bold aim: to place 30,000 Gospels in the hands of non-Christians across the UK through local churches by the end of 2025. The campaign leaned into the Talking Jesus findings—about one in three non-Christians who talk with a Christian want to learn more about Jesus or encounter Him, and the figure rises to nearly one in two for younger generations. It was also noted that 47% of Christians in the Finding Jesus research said Bible reading helped bring them to

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Hope 08 Ltd (limited by guarantee and not having a share capital)

faith. By the end of 2024, we’d helped churches distribute 4,572 Gospels. In November the campaign sort to raise funds to help us with the 2025 vision.

Special Gift and Community Customised Gospels

To widen the Gospel’s reach, we began planning a special addition the Gospel of John for the 80th anniversary of WWII that was coming at the beginning of 2025. Hope specialises in turning cultural moments into missional moments and could see that this opportunity could be exciting. We also began to investigate city-collaboration initiatives to customise the IWitness Gospel of Mark with local imagery, making it feel familiar and special to recipients. To plan to work with London Mission week that is coming in 2025.

God’s Big Story Series

Happyland continues the journey from Talking Toddlers, providing fresh mission resources for children aged 0–4. In 2024, 13,395 God’s Big Story books were distributed to families, toddlers’ groups, and other children’s groups across the UK, alongside related titles, animations, and songs. Two new titles were added to the collection as it grows to assist this vital area of outreach.

ALIVE film Series

Launched in April 2024, the ALIVE series explores the resurrection accounts with creative storytelling and contemporary testimonies, showing how meeting the risen Jesus can transform lives today. Over 487 groups took part in the launch. A leaders’ guide, Sunday sermon notes, and a more indepth book supported deeper engagement.

The project also partnered with The Way UK to develop a youth strand, with in-house resources for children as well. Feedback has been positive, and some new believers credit the series with their journey of faith. We’re excited to build on this success in 2025 and beyond. Hope Together also produced an eye-catching newspaper that churches used to promote the series giving out 40,735 copies in Easter 2024.

Christmas at Hope Together 2024

As with ALIVE and Easter, Hope Together prioritized outreach resources for Christmas, a key moment in the Christian calendar.

Gift of Christmas

First released in 2023 and authored by Dr Rachel Jordan-Wolf, Gift of Christmas explores the truths and traditions of the season. In 2024, we distributed 6,157 Gift of Christmas books. We expanded the resource suite with two Christmas card options, sending 1,850 cards to friends and family using the same illustrations.

Lego Christmas Cards and Lego Trail Sheets

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Hope 08 Ltd (limited by guarantee and not having a share capital)

In collaboration with Go Chatter, we produced Lego Christmas cards linked to the Go Chatter Lego Nativity film, aiming to engage younger generations. We’re continuing to grow this partnership past Christmas 2024 and into 2025.

HOPE for All Christmas Magazine

Over 83,400 copies of our 2024 HOPE for All Christmas magazine were distributed through services, posted to doorsteps, or included in gift bags. The refreshed design, moving stories, and celebrity testimonies make this a much-loved, staple resource for churches during the festive season.

Amplify

Hope Together’s Amplify project continued to empower more than 100 young evangelists, offering mentoring and coaching to help them start new outreach in their own contexts. Many are reaching out in schools, with inspiring stories that keep Amplify growing year after year.

OIKOS App

Our partnership with Every Home for Christ continued to bear fruit in 2024. The OIKOS app helps people pray for their streets and engage with their communities. Over the course of the year, the app was used in over 715 places, with more than 31,500 streets prayed for and 4,995 homes reached.

Conclusion

Hope Together continues to prove that a small, focused team can achieve outsized impact across the UK. We prioritise agility and collaboration, staying lean to respond quickly and to maximise missional opportunities. Partnership is a core part of our mission. By partnering with churches, organisations, and communities, we extend our reach and reinforce our impact. Our ongoing mission is to equip and encourage as many believers and churches as possible to live out the vision to see Everyone, Everywhere Know Jesus.

5. STRUCTURE, GOVERNANCE AND MANAGEMENT

The board administers the charity and meets at least two times per year. Trustees are required to stand down in rotation as specified in the Memorandum and Articles of Association.

I am pleased to report that the Directors/Trustees and members of the Leadership Team met formally six times during 2024, to develop the ongoing vision and strategy for Hope 08 Ltd.

6. FINANCIAL REVIEW (INCLUDING RESERVES POLICY)

The Charity had a deficit for the year of £2,024 (2023 - deficit £4,759). Its unrestricted reserves stood at £ 151,381 (2023 £233,053) at the year-end. Its designated reserves stood at £137,451 (2023 £57,803) at the year-end.

The trustees recognise that 12 months operating costs would be ideal on an ongoing basis and have achieved that. However, the nature of the charity is faith based and we expect full provision for our needs, but equally are wise about correct stewardship of God's money. That said, the Trustees are pleased to report that sufficient funds have been provided and a surplus can be carried forward into 2024 to create a secure financial base.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

7. RISK STATEMENT

Systems of internal control, designed to provide reasonable assurance against material misstatement or loss, include:

In addition, the trustees have a risk management strategy and register, which comprises:

8. TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of HOPE 08 Limited for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

9. APPROVAL

The report was approved by the trustees and signed on their behalf on 29[th] September 2025

Laurence Singlehurst -Chair

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Hope 08 Ltd (limited by guarantee and not having a share capital)

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HOPE 08 LTD

I report on the accounts of the company for the year ended 31st December 2024, which are set out in the attached statements.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the

accounts to be reached.

$G¢cor>

Simon GC Towers Clifford Towers

The Hall

Priory Hill Rugby Road Wolston CV8 3FZ

29 September 2025

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Hope 08 Ltd (limited by guarantee and not having a share capital)

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

FOR THE YEAR ENDED 31st DECEMBER 2024

Note
Income and endowments
Organisations
Individual Supporters
Individual Churches
Personal Supporters
Trusts
Ministry gifts and other donations
Gift Aid
Revelation Trust
British Youth for Christ
Hope Publishing Limited
2
Every Home for Christ
Sundry Income
Royalties
Legacy
Interest
Total income and endowments
Expenditure on
Employment costs
4
Charitable activities
3
Independent Examiners Fee
3
Total expenditure
Net income/(expenditure)
Transfers between funds
Movement in funds for the year
Balances brought forward 1stJanuary
2023
Balances carried forward at 31st
DECEMBER 2024		 Designated
Funds
Unrestricted
Funds
Total
2024
Total
2023
£
£
£
£
-
6,000
6,000
19,994
-
3,459
3,459
52,204
-
3,483
3,483
7,173
-
9,090
9,090
10,800
71,000
52,500
123,500
69,000
1,100
26,921
28,021
6,198
-
-
-
6,338
-
-
6,338
-
-
-
-
10,000
-
75,253
75,253
155,267
177,455
746
-
-
-
1,856
1,197
31
-
5,140
179,311
1,943
31
-
5,140
158,859
2,636
288
14,624
3,666
250,301
191,268
441,569
513,193
38,780 155,683
194,463
219,976
131,873 114,257
246,130
294,976
-
3,000
3,000
3,000
170,653 272,940
443,593
517,952
79,648
-
(81,672)
-
(2,024)
-
(4,759)
-
79,648(81,672)
(2,024)
(4,759)
57,803
233,053
290,856
295,615
137,451
151,381
288,832
290,856

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

BALANCE SHEET

AS AT 31st DECEMBER 2024

2024 2023 2023
£ £
Fixed assets
Current assets
Debtors 5 21,496 17,359
Cash at bank 7 290,788 329,605
Petty Cash 7 1 1 1
312,285 346,965
Liabilities
Creditors: amounts falling due 6 23,453 56,109 56,109
within one year 288,832 290,856
Net current assets 288,832 290,856
Total assets less current liabilities 288,832 290,856
The funds of the charity:
Unrestricted funds
Designated funds		 8
8		 151,381
137,451
~~—-~—s\~~		 233,053
57,803
~~LJ~~
288,832 290,856

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

• The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the Trustees on 29[th] September 2025, and signed on their behalf

Laurence Singlehurst -Chair Trustee

Company number 058014

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Hope 08 Ltd (limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st DECEMBER 2024

1. Summary of significant accounting policies

General information and basis of preparation

Hope 08 Limited is a company limited by guarantee incorporated in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are to advance the Christian faith in the UK and overseas.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement because it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Voluntary gifts and donations are included in the statement of financial activities when received, gift aid donation and the tax are accounted for when received and provision made for tax unclaimed at the year end.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st DECEMBER 2024

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the headings as set out in note 2.Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Tangible fixed assets

The trustees have reviewed the accounting policy for fixed assets and consider that the capitalisation level is set at £5,000. Other assets purchased are taken at cost in the year of acquisition and no provision is made for depreciation.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st DECEMBER 2024

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. Hope Publishing

During 2017 Hope 08 Limited set up a subsidiary Hope Publishing Limited (a Company Limited by Guarantee). Hope 08 is the guarantor for the shares and has the sole right to appoint the Board of Directors. Hope Publishing Ltd. Is a trading subsidiary and has taken over the production and publishing of books and magazines on behalf of Hope 08 Ltd. Hope Publishing has pledged to donate any surplus it makes to Hope 08 Ltd.

The results of Hope Publishing are not consolidated with Hope 08 Ltd. as the Directors consider that their inclusion are not material for the purpose of giving a true and fair view.

3. Charitable Activities
Travel expenses Train
Travel expenses Car
Expenses, Accom, Entertainment
Consultancy Fees
Rent Rates Utilities Insurance
Telephones & Mobile phones
Stationary & Office Costs
Refreshments
Postage and Emailing Costs
Comms & Web Development
Production Cost Resources
Publicity Material
Bank charges
Meetings & Forums
Professional Services
Project Costs
Grants to Hope Publishing
Hope Ireland
Shine your light Campaign
Volunteer Expenses
Grant to Evangelical Alliance
Ministry gifts and honoraria
Office Maintenance
Sundry costs		 Designated
funds
£
General
funds
£
Total
2024
£
Total
2023
£
2,304
4,797
7,101
12,651
1,507
1,176
2,683
8,537
38,861
487
39,348
33,014
27,790 41,228
69,018
113,109
-
6,239
6,239
5,797
-
553
553
1,684
-
6,026
6,026
3,669
-
1,036
1,036
2,308
633
561
1,194
1,111
1,242
7,983
9,225
7,425
56,003
6,221
62,224
51,450
10
2,331
2,341
2,258
73
180
253
304
308
1,165
1,473
478
144
9,024
9,168
8,676
-
-
132
65
26,500
-
65
26,500
132
15
3,958
-
1,000
-
1,000
-
54
-
400
-
-
1,684
54
0
2,084
1,022
2,000
1,800
1,413
-
1,413
-
-
-
-
616
131,873
117,257
249,130
261,882

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Hope 08 Ltd (limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st DECEMBER 2024

4. Employment costs

.
Employment costs
Total 2024 Total 2023
£ £
Wages & Salaries 172,684 193,718
Employer NI Contribution 12,868 14,725
Pensions 8,911 11,323
Training - 210
194,463 219,976

At the year end the staff team comprised of 4 fulltime and 2 part time staff with consultancy support. Employees are eligible for a defined contribution pension to which the organisation contributes up to 8% of gross salary. Nest is the recommended pension scheme for employees and some employees have opted out of the pension scheme.

No employees received total employee benefits (excluding employer pension costs) of more than £60,000 in the year.

Trustees - None of the trustees (or any persons connected with them) received any remuneration or expenses during the year.

5. Debtors

. Debtors
Total 2024 Total 2023
£ £
Income tax recoverable (Gift Aid) 2,589 2,558
Amounts owed by Subsidiary: Hope Publishing Limited 7,330 7,260
Other Debtors 9,232 5,307
Prepayments 2,345 2,2234
21,496 17,359
.Creditors: amounts falling due within one year
Total 2024 Total 2023
£ £
Trade creditors 5,915 5,477
Amounts owed to Subsidiary: Hope Publishing Limited 12,271 33,707
Other creditors 1,588 1,269
Accruals & deferred income 557 10,189
Taxation and social security 3,122 5,467
23,453 56,109
  1. Creditors: amounts falling due within one year

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Hope 08 Ltd (limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS -FOR THE YEAR ENDED 31st DECEMBER 2024

7. Cash Balance at 31st DECEMBER 2024

Total 2023 Total 2023 Total 2024
£ £
Bank 290,788 329,602
Petty Cash 1 1
290,789 329,603
8. Analysis of net assets between funds
Current Current Total Total
Assets Liabilities 2024 2023
£ £ £ £
Fund balances of 31st DECEMBER 2024
Are represented by
Designated funds 137,451 - 137,451 57,803
Unrestricted funds 174,834 23,453 151,381 233,053
----------- ------------- ----------- -----------
312,285 23,453 288,832 290,856
Reconciliation of movement in funds Balance
Incoming
Outgoing		 Transfers
Balance
31/12/23
Resources
Resources		 31/12/24
£ £ £ £
£
Designated funds 57,803
250,301
170,653		 -
137,451
Unrestricted funds 233,053
191,268
272,940		 - 151,381
Total funds 290,856
441,569
443,593		 - 288,832
Balance
Incoming		 Outgoing Transfers Balance
Designated funds 31/12/23 Resources Resources 31/12/2024
£ £ £ £ £
Every Home for Christ 50,314 178,200 129,834 - 98,680
Amplify 7,489 72,100 40,818 - 38,771
57,803 250,300 170,652 - 137,451

Designated funds are for the following purposes:

Every Home for Christ (EHFC) grants funds to HOPE Together to fulfil their vision through the work of Hope Together: " Carrying Christ to everyone, everywhere, in every generation. "

Amplify – money given to cover the costs of the evangelism training program for young people.

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Hope 08 Ltd (limited by guarantee and not having a share capital)

9. Controlling party

The Trustees control the company.

17