Company Registration No. 06040760 (England and Wales)
Charity Registration No. 1119653
HOPE (PORTSMOUTH)
(A Company limited by guarantee)
TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Hope (Portsmouth)
Contents of the Financial Ststements
For the year ended 31 March 2025
Charity Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
ststement of Cash Flows
Notes to the Financial Ststements
9-18

Hope (Portsmouth)
Charity Information
For the year ended 31 March 2025
WORKING NAMES OF CHARrrY:
Hope Church
TRusfEES:
Alastair lones (Chair)
Martin Back
Lauren Chappell (appointed 13 July 2025)
Catherine Gray
Janneke Klos (appointed 13 July 2025)
James MacPherson
Paul Hutchings (resigned 13 July 2025)
Emma Brough (resigned 13 July 2025
COMPANY SECREfARY:
Lauren Chappell (appointed 13 July 2025)
Emma Brough (resigned 13 July 2025)
REGISTERED OFFICE:
The Kings Church
Somers Road
Southsea
Hampshire
P05 4QA
REGISTERED NUMBER..
06040760 (England & Wales)
REGISTERED CHARrrY NUMBER:
1119653
INDEPENDENT EXAMINER:
Marcus Cridland BA(Hons) FCA
Scott Vevers Ltd
Chartered Accountants & Registered Auditors
65 East street
Bridport
Dorset
DT6 3LB
PRINCIPAL BANKERS:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Hope (Portsmouth)
Trustees. Report
For the year ended 31 March 2025
The trustees who are also direttors of the charity for the purposes of the Companies Att present their report
together with the financial statements of the charity for the year ended 31 March 2025. They are also
prepared to meet the requirements for a directors, report and accounts for Companies Act purposes.
The accounts have been prepared in accordance with the accounting policies set out in the notes to the
accounts and comply with the charity's governing document, applicable law and the requirements of
Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing
their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102).
Objectives and Activities and achievements for Public Benefit
The Church adopted the model Memorandum and Articles of Association for local Assemblies of God
churches. Its objectives are:
the advan￿rnent of the Christian Faith
the relief of sickness and financial hardship
the advancement of education
These are achieved by running a church and foodbank hub, based in the Somerstown area of
Portsmouth.
The Church continues its unwavering commitment to serve both its congregation and the wider
community. Over the past year, the church has focused on our key mission: We exist tr) know, and
make known, the restorative love of Jesus. The church has undertaken significant inltiatives that
reflett its ongoing mission to transform lives through faith, community, and outreach. The youth and
children's ministries grow in number as we continue to reach out to the local community and open
our doors to those around us.
We continued our vision framework of focusing on Presence, Transformation, and Mission. This vision
continues to be the foundation of our ministry and led to initiatives such as rebranding our foodbank
to 'Hope Hub,, expanding our support from giving out food parcels to include agency support in our
foodbank sessions and having dedicated staff present to meet the needs of those who attend.
Community Outreach and Support..
Outreach efforts remain focused on addressing critical needs within Portsmouth, particularly through
the Hope Hub which includes Portsmouth Foodbank. We moved to a more sustainable model of
operating, no longer tsking self-referrals. The 'Circle of Support, program finished but we continue
to provide wider support in our Hope Hub sessions, partnering with local and national agencies to
provide financial and mental health support, and including energy suppliers, for example, who can
work with those affetted by rising energy costs.
Changing to the Hope Hub enables us to broaden the service we provide outside of foodbank-
dedicated sessions. We initiated Hope Café, a weekly drop-in for those wanting more connection in
a group setting. The group share stories with each other of life struggles and answered prayer and
learn MO￿ about the Christian faith.
The refreshed Hope Hub has strengthened community connection, boosting engagement with Hope
Cafe, kids, attivities, Sunday church, and partnerships across the city, while maintaining a regular
voice in the Tackling Poverty Forum. Recent campaigning work has expanded the core ServI￿-USer
group and brought local representatives and residents together to address key community issues.
The Foodbank has secured multiple grants, increased its presence at community events, and is
preparing to support a new subsidised-travel initiative led by the local council. Additional staff
capacity has been arranged to lead ROC Mentoring, and the new Tackling Poverty Coordinator
already connected with the community-is considered a welcome and timely appointment.

Hope (Portsmouth)
Trustees, Report
For the year ended 31 March 2025
Children, Youth, and Family Ministries,.
We continue in our commitment to local children, families, and youth by providing multiple
opportunities for engagement. Weekly programs have continued to flourish, with a Youth Band and
Eden (our Friday night youth group) growing in numbers and impatt. The winter term was highly
positive, with our young people re-engaging well in their programmes and engaging thoughtfully
with key topics.
We also saw a significant increase in young people from the local community-met through Eden
beginning to attend Sunday services regularlyi as well as participating in other programs. Youth
Alpha launched stronglyi Wlth many Eden participants staying on for sessions. Overdll, our spaces
have been well used by young people from across Southsea who are eager to learn more about God
and grow in relationship with Him.
Looking Ahead:
Building on our rebranding of the Hope Hub, the Intention is to rename the church from Kings Church
to Hope Church, at the beginning of the next flnancial year. We believe this will provide a holistic
approach to all our attivities in the church and in the community, as well as highlighting our focus
of bringing hope to our community and our city.
We are excited to see the continued growth of the HOPE Hub, further integration of our community
ministries, new opportunities to serve our congregation and city, as we seek to see lives transformed
by the love of Jesus.
Financial Review
The statement of financial attivities shows net outgoing resources of £24,648 (2024 net incoming
resources of £147,445). Total reserves at 31 March 2025 stood at £1,025,841 (2024 - £1,050,489),
including £651,250 (2024 - £701,445) restritted funds.
Re
The trustees have established a poliLry whereby the unrestricted funds not committed or invested in
tangible fixed assets ('the f￿e reserves? held by the charity should be I month of the resources
expended, which equates to approximately £25,000 in general funds. At this level, the trustees feel
that they would be able to continue the current activities of the charity in the event of a significant
drop in funding. The current level of free reserves is £177,327 (2024 - £79,261).
Structure, Governan￿ and Management
Hope (Portsmouth) is a charitable company limited by guarantee, incorporated on 3rd January 2007
and registered as a charity on 14th June 2007. The organisation was formerly a charitable trust by
the same name and the company took responsibility of its activities on 1st April 2008. The company
was established under a Memorandum of Association which established the objects and powers of
the charitable company and is governed under its Articles of Assoaation. In the event of the company
being wound up members are required to contrrbute an amount not exceeding £10.
The trustees (members of the church council) who seNed during the year are listed on page l. New
members are appointed from the membership of the church by the existing church council.
Trustee induttion an
New trustee directors are introduced to the operations of the organisation and are given information
on the responsibilities of being a trustee and director as well as copies of the charitsble company's
Memorandum and Articles of Association. Training is provided to trustee directors when required.
Or
anisational Structure
The trustees delegate the day to day running of the church to a senior leadership team consisting
of the lead pastr)r, who acts as chairman and other church leaders.

Hope (Portsmouth)
Trustees, Report
For the year ended 31 March 2025
ststement of Trustees, Responsibilities
Company law requires the trustees to prepare financial statements for each financial year which give
a true and fair view of the stste of affair5 of the charity and of the financial attivities of the charity
for that period. In preparing those financial statements, the trustees are required to:
select suitsble accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting stsndards have been followed, subjett to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Companies Act 2006, They are also responsible for ensuring
that the company maintains an adequate system of internal control designed to provide reasonable
assurance that assets are safeguarded against loss or unauthorised use and to prevent and detect
fraud and other irregularities.
Inde
endent Examiner
Marcus Cridland, of Scott Vevers Ltd has expressed his willingness to continue in office and a proposal
ft)r his re-appointment wlll be made at the Annual General Meeting.
This report has been prepared in accordan￿ with the small companies regime under the Companies
Act 2006.
On Behalf of The Board
Alastair Jones
Trustee/Chair
Date:

Hope (Portsmouth)
Independent Examiner's Report to the Trustees
For the year ended 31 March 2025
I report on the accounts of the company for the year ended 31 March 2025, which are set out on
pages 6 to 18.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purpjses of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Att 2006 Cthe 2006 ACY).
Having satisfied myself that the accounts of the company are not required to be audlted 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 settion 145 of the Charities Act 2011
('the 2011 Attj. In carrying out my examination I have followed the Directions given by the Charity
Commission under settion 145(5) (b) of the 2011 Att.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attentlon in connection
with the examination giving me cause to believe that in any material respect:
Accounting records were not kept in respect of the company as required by settion 386 of
the 2006 Att; or
The accounts do not accord with those records. or
The accounts do not comply with the accountlng 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
The accounts have not been prepared in a￿OrdanCe with the methods and principles of the
Statement of Recommended Prattice 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 connectlon wlth the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Marcus Cridland BA (Hons) FCA
Scott Vevers Ltd
Chartered Accountants & Registered Audltors
65 East Str￿t
Bridport
Dorset
DT6 3LB
Date:
..i.i.l.(Ll.L

Hope (Portsmouth)
Statement of Financial Activities (including Income and Expenditure Account)
For the year ended 31 March 2025
Total
Funds
2025
Total
Funds
2024
Unrestricted Restricted
Funds
Funds
Note
Income
Income and endowments from:
Donations and legacies
Charitable attivities
Other trading activities
Envestment income
Total income
Expenditure on:
Charitable attivities
Totsl expenditure
Net income before transfers
Transfers
Gross transfers between funds
Net movements in funds
Reconciliation of funds
Total funds brought forward
Totsl funds carried forward
192,966
1,241
122,431
2,333
318,971
283,865
476,831
1,241
122,431
9,401
609,904
494,426
35,510
119,153
6,674
655,763
7,068
290,933
312,352
312,352
6,619
322,200
322,200
(31,267)
634,552
634,552
(24,648)
508,318
508,318
147,445
18,928
25,547
(18,928)
(50,195)
(24,648)
147,445
349,044
701,445
1,050,489
1,025,841
903,044
374,591
651,250
1,050,489
All incoming resources and resour￿5 expended derive from continuing activities.
The church has no recognised gains or losses for the year other than the results above.
The notes on pages 9 to 18 form an integral part of these financial statements.

Company No. 06040760
Hope (Portsmouth)
Balance Sheet at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
16
1,297,051
1,235,040
17
19,659
370,230
389,889
19,983
471,400
491,383
Creditors: Amounts falling due within one
year
Net current assets
Total assets less current Ilabilitles
Creditors: Amount5 falling due after more
than one year
Net assets
18
(14,103)
(26,991)
375,786
1,672,837
464,392
1,699,432
19
(646,996)
(648,943)
1,025,841
1,050,489
The funds of the charity:
Restricted funds
21
651,250
374,591
701,445
349,044
Unrestrlcted funds
21
Total charity funds
1,025,841
1,050,489
For the financial year ended 31 March 2025, the charity was entitled to exemption from audit under settion
477(1) of the Companies Act 2006. and no notice has been deposited under section 476(1) requesting an
audit. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records
which comply with section 386 of the Act and preparing accounts which give a true and fair view of the state
of affairs of the charity as at the end of the year and of its income and expenditure for the financial year in
accordance with the requirements of section 394 and which othemise comply with the Companies Act 2006,
so far as applicable to the charity.
The financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime under the Companies Act 2006.
Approved by the Board on
i.IL.15
and signed on its behalf by:
Alastair Jones
Trustee
Lauren C
Trustee
pell
The notes on pages 9 to 18 form an integral part of these financial statements.

Hope (Portsmouth)
statement of Cash Flows as at 31 March 2025
Note
2025
2024
Net cash flow from operating activities
26
(19,124)
154,706
Cash flow from Investing activitie5
Payments to acquire tangible fixed assets
Interest received
(91,447)
(27,354)
Net cash flow from investing activities
(82,046)
(20,680)
Net (decrease) l increase in cash and cash equivalents
(101,170)
134,026
Cash and cash equivalents at l April 2024
471,400
337,374
Cash and cash equivalents at 31 March 2025
370 230
471,400
The notes on pages 9 to 18 form an integral part of these financial statements.

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
l General information
Hope (Portsmouth) is a company, limited by guarantee, incorporated in England and Wales under the
Companies Act 2006 and Charities Act 2011. The address of the registered office is provided in Reference
and Administrative Details. Details of the charity's operations are provided in the Report of the Trustees.
2 Accountlng policles
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial ststements have been
prepared on a going concern basis under the historical cost convention and in accordance with Accounting
and Reportlng 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), (Charities SORP 2019 (FRS 102)), the Companies Act 2006 and the Charities Act 2011.
Accounting convention
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 month5 from authorising these financial ststements. The budgeted income
and expenditure is sufficient with the level of reseNes for the charity to be able to continue as a going
concern.
Fund accounting pollcy
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
furtheran￿ of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
Income
Voluntary income includlng donations and grants that provlde core funding or are of a general nature is
recognlsed where there is entitlement, certainty of receipt and the amount can be quantified with
reasonable accuracy.
Income from tax reclaims are included in the statement of financial activities at the same time as the gift
to which they relate.
Income derived from events is recognised as earned (that is, as the related goods or services are
provided).
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services
are provided) under contract or where entitlement to grant funding is subject to specific performance
conditions. Grant income included in this category provides funding to support programme activities and is
recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient
reliability.
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources,
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of
trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
2 Accounting policies (continued)
Fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tsngible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Furniture and equipment
20 % straight line basis
Building Improvements
over 25 years
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of
Financial Activities as they become payable in accordan￿ with the rules of the scheme,
Operating leases
Rentals payable under operating leases are charged in the profit and loss account on a straight line basls
over the lease term.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contrattual
provisions of the instrument.
Flnancial liabilities and equity instruments are classified according to the SUbStsn￿ of the contractual
arrangement entered into. An equity instrument is any contratt that evidences a residual interest in the
assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs),
except for those financial assets classified as at fair value through profit or loss, which are initially
measured at fair value (which is normally the transaction price excluding transaction costs), unless the
arrangement constitutes a financing transattions. If an arrangement constitutes a financing transaction,
the financial asset or financial liability is measured at the present value of the future payments discounted
at a market rate of interest for similar debt instruments.
Financial assets and liabilities are only offset in the statement of financial positlon when, and only when
there exists a legally enforceable right to set off the recognised amounts and the charity intends either to
settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the
financial asset expire or are settled, b) the charity transfers to another party substsntially all of the risks
and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not
all, significant risks and rewards of ownershlp, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contratt is discharged,
cancelled or expires.
io

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
Donations and legacies
un￿strICted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Committed giving
Gift Aid tax reclaimed
Trussell Trust
Groundwork
HIWCF
Portsmouth City
Council
National Lottery
Community Fund
Southern Coop
Community Fund
Other grants
119,667
24,544
104,978
26,421
109,315
16,667
76,402
139,432
16,926
124,594
228,982
41,211
76,402
45,908
7,000
244,410
43,347
124,594
45,908
7,000
3,000
3,000
2,847
73,931
17,000
76,778
17,000
58,500
58,500
1,900
1,900
550
283,865
1,675
363,027
550
476,831
1,675
494,426
192,966
131,399
4 Income from charitable activities
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Community projects
Circle of support
Food bank
32,606
855
33,461
32,606
855
33,461
Church runnlng
Income from projects
and events
1,241
2,049
1,241
2,049
2,049
33,461
1,241
35,510
5 Other trading activities
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Rental income
Renewable Heat
In￿ntiVe income
105,496
109,519
105,496
109,519
11,226
9,634
11,226
9,634
other income -
expenses recharged
5,709
5,709
122,431
119 153
122,431
119,153
6 Investment income
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Interest on cash
deposits
2,333
2,934
7,068
3,740
9,401
6,674
li

Hope (Portsmouth)
Note5 to the Financial Statements
For the year ended 31 March 2025
Expenditure on charitable activities
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Staff costs (Note 13)
Direct costs (Note 8)
Support costs (Note
9)
132,108
34,224
112,196
28,063
116,386
166,226
96,010
109,927
248,494
200,450
208,206
137,990
107,870
90,236
39,588
53,683
147,458
143,919
Gifts and donations
(Note 10)
38,150
18,203
38,150
18,203
312,352
248,698
322,200
259,620
634,552
508,318
8 Direct costs
un￿strICted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Actlvities undertaken
directly
Funding costs incurred
Youth and children
30,104
23,497
158,132
100,462
188,236
123,959
8,094
9,465
8,094
9,465
4,566
137 990
28,063
166,226
109 927
200,450
9 Support costs
Unrestricted Funds
2025
2024
Restrlcted Funds
2025
2024
Total Funds
2025
2024
Establishment costs
Equipment
Office expenses
Notor and travel
expenses
Interest payable
Depreciation
Governance c
Independent
examiner's fee
55,334
191
5,159
42,467
1,217
7,189
4,890
838
2,463
4,102
3,428
6,226
60,224
1,029
7,622
46,569
4,645
13,415
474
670
2,737
2,522
3,211
3,192
25,942
18,431
16,971
19,106
17,600
11,005
26,400
11,005
43,542
29,436
43,371
30,111
2,339
2,616
55
2,394
2,616
107 870
147,458
143,919
12

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
10 Gifts and donations
2025
2024
Recipient
24-7 Prayer
AOG
Asociacion Christiana
Mr & Mrs Butler
Care for the Family
Church Mission Society
Compassion UK
Faith In Football
Family Church
Freedom Church
Fusion
Scripture Union
Shake The Nations
St Luke & St Peter PCC
Stewardshlp
Street Pastors
Women Without Roofs
Other Gifts
Activity
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
Overseas and Home Mission
800
200
3,000
3,000
6,075
800
6,100
704
1,580
120
10,080
1,400
800
100
1,000
530
772
6,980
309
1,500
480
240
1,400
420
1,200
3,600
360
1,500
11 Trustees, remuneration and expenses
The following amounts were paid to Trustees and their close families for ministerial and administrative
duties in accordance with the Articles of Association:
Salary
2025
Hospitslity & travel
2025
2024
Reimbursed expenses
2025
2024
2024
James MacPherson
14,100
11,123
No trustee or person related or connected to them received any remuneration in respect of their services
as a trustee from the charity during the year. One trustee received expense claim reimbursements of £840
(2024 £1,156) during the year. Other related party transactions are detailed in Note 25.
55
12 Net income
Net income is stated after charging..
2025
2024
Depreciation of tangible fixed assets
Independent examiner's fee
29,436
2,394
30,111
2,616
13

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
13 Employees. remuneration
The average number of persons employed by the charity (including trustees) during the year was as
follows:
2025
No
9.22
2024
No
5.29
Charitable activities
The average number of staff employed (Headcount)
15
12
The aggregate payroll costs of these persons were as follows..
2025
2024
Wages and salaries
Social security
Pension contributions
238,702
10,231
193,607
11,707
252,680
208,206
No employee received emoluments of more than £60,000 during the year (2024 - None).
14 Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The assets of the scheme are administered by
trustees in a fund independent from those of the charity. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £3,747 (2024 - £2,892).
15 Taxation
As a registered charity, the company is exempt from income and corporation tax as all of its income has
been applied for charitsble purposes.
16 Fixed Assets
Flxtures,
Freehold
fittings
land and
and
buildings equipment
Motor
vehicles
Total
Cost
At l April 2024
Additions
As at 31 March 2025
Depreciatlon
At l April 2024
Charge for the year
As at 31 March 2025
Net book value
As at 31 March 2025
As at 31 March 2024
1,407,429
91,447
1498 876
38,969
38,584
1,484,982
91,447
1576 429
184,508
26,218
210 726
37,989
433
38,422
27,445
2,785
30,230
249,942
29,436
279 378
1,288,150
1,222,921
547
980
8,354
11,139
1,297,051
1,235,040
14

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
17 Debtors
2025
2024
Operational debtors
Other debtors
4,917
14,742
19,659
5,915
14,068
19,983
18 Creditors: Amounts falling due within one year
2025
2024
Bank loans and overdrafts
Taxation and social security
Other creditors and accruals
Kingdom Bank Ltd Mortgage
7,473
3,116
3,514
18,006
3,400
5,585
26,991
19 Creditors: Amounts falling due after more than one year
2025
2024
other creditors
Kingdom Bank Ltd Mortgage
646,996
648,943
Included in creditors are the following amounts due after more than 5 years:
2025
2024
After more than five years by instslments
610,847
565,547
The mortgage is secured on the freehold property owned by the charlty, representlng 730/0 of net book
value. The advance is repayable over 30 years from 2019 and interest is being charged at 3.5 % above
bank base rate.
20 Members, liability
The charity is a private company limited by guarantee and consequently does not have share capital. Each
of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in
the event of liquidation.
15

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
21 Analysis of funds
At31
March
2025
At l April Incoming Resources
2024 resources
expended Transfers
Unrestricted Funds
Designated Funds
Renewables fund
Covid recovery fund
General Funds
Unrestricted income fund
221,983
47,800
(72,519)
149,464
47,800
79,261
349,044
318,971
318,971
(312,352)
312 352
91,447
177,327
374 591
Restricted Funds
Food bank
Hope Circle of Support (You Trust)
Refurbishments - Somers Rd
Refurbishments - Elm Grove
523,395
19,700
147,712
10,638
701445
290,933
(300,287)
(10,908)
(9,232)
(1,773)
322,200
(18,928)
495,113
8,792
138,480
8,865
651250
290,933
Total Funds
1,050,489
609,904
634,552
1,025 841
At31
March
2024
At l April Incoming Resour￿5
2023 r￿oUrceS expended fransfe
Designated Funds
Renewables fund
Covid recovery fvnd
General Funds
Unrestricted income fund
249,336
47,800
(27,353)
221,983
47,800
255 535
255 535
248,698)
248,698)
342 207
Restricted Funds
Food bank
Hope Circle of Support (You Trust)
Refvrbishments - Somers Rd
Refvrbishments - Eln7 Gmve
376,203
15,279
156,944
367,622
(220,430)
(28 185)
[9,232)
523,395
19,700
147,712
10,638
701445
560 837
400 228
259,620
rotsl Funds
903,044
655,763
508 318
1,050,489
The church runs a foodbank which is part of a nationwide ne￿Ork of foodbanks, in partnership with The
Trussell Trust. It provides three days, nutritionally balanced emergency food and support to local people in
crisis who are referred by agencies and other organisations.
Monies are given for various specific church projects during the year both locally and overseas.
The refurbishments funds represent specific grants and donations received to fund expenditure which a
being matched against depreciation charged.
16

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
22 Net assets by fund
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Total Funds
2025
2024
Tangible assets
Current assets
Creditors: Amounts
falling due within one
year
Creditors: Amounts
falling due after more
than one year
Net assets
654,593
381,097
553,295
471,683
642,458
8,792
681,745
19,700
1,297,051
389,889
1,235,040
491,383
(14,103)
(26,991)
(14,103)
(26,991)
(646,996) (648,943)
(646,996) (648,943)
374,591
349,044
651,250
701,445
1025,841
1,050,489
23 Financial instruments
Categorisation of financial instruments
2025
2024
Financial assets that are debt instrument measured at amortlsed cost
378,414
482,255
Financial liabilities measured at amortised cost
661,099
675,934
Items of income, expensei gains or losses
The total interest income for financial assets not measured at fair value through profit or loss is £9,401
(2024 - £6,674).
24 Gross obligations under operating leasing agreements
At the year end the church had future minimum lease commitments as follows:
2025
2024
Not later than l year
Later than l year and not later than 5 years
1,077
1,077
25 Related party transactions
Donations totalling £23,486 were made to the charity by 6 trustees during the year.
During the year Alastair Jones and Emma Brough, trustees, rented Offi￿ space from the charity for £237
(2024 - £214). These transactions were at open market value.
James MacPherson's (trustee) wife Abigail MacPherson was employed during the year and her salary is
included in Note 13. James MacPherson abstained from any decisions related to her employment.
During the year, Chris Brough (husband of trustee Emma Brough) was paid £1,589 (2024 - £973) for
plumbing work and expenses.
17

Hope (Portsmouth)
Notes to the Financial Statements
For the year ended 31 March 2025
26 Reconciliation of net income l (expenditure) to net cash flow from operating activities
2025
2024
Net movement for the year
Interest retrivable
Depreciation and impairment of tangible fixed assets
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash flow from operating activities
(24,648)
(9,401)
29,436
324
(14,835)
(19,124
147,445
(6,674)
30,111
(8,816)
(7,360)
154,706
18