REGISTERED COIMPANY NUMBER.. 06614898 (England and Wales) RF.GISTERED CHARJTY IYUMBER: 1126487 REPORT OF THE TRUSTEES AN'D FINANCIAL STATEMF.NTS FOR THE YEAR EN'DED JIST MARCH 2025 FOR HOPE 4 (RUGBY) LTD Atkin50n Finch & Co Chanered Accountants Ceniral Chainbers 45-47 Albert Sireet Warnbi¢kshire CV?12SG HOPE 4 {RUGBYI LTD CONTENTS OF THE FIP4AfiCIAL STATEMF.NTS FOR THE YEAR ENDEDJIST MARCH 2075 Page Reporl of ihe Trustees Independent Exomlner's Report Staternenl of Fln4nclal Actlvltles B*lAnce Shtt¢ Noies to the Fln#nelal Statememls 10 10 18 HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898) REPORT OF TIIE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The tru51¢¢$ who are also direclor5 ofthe charity for Ihe purposes of the Companie5 Act 2006. present their report ivith the financial sialeinenis of lh¢ Charity for rh¢ ￿'tar ended 31 si Nlar¢h 20?5. Th¢ irusic¢s have adopted the provisions ol- Accoun(ing and Reporting by Charities.. Sraierneni of Recommended PrJcii¢¥ 8pplicable io charities preparing their accounis in accordance iwiih the Financial Reporting Standard applicable in tlie UK and Republic of Ir¢li1nd (FRS 10?) (effective l Januarv 2019). OBJECTIVES AND ACTIVITIES Objectiv¢$ We seek io relieve the plight of homeles5 and iemporarilv housed people in Rugb), and Ihose M'ho are experiencing food poverry. We operaie a nuinb¢r of s¢r¥i¢¢s lu achieve rhis aim includinD The Hope Centre and (he Rugby Foodbank. A¢tivlties The Trusiees have met ai leasi once every two monihs over lh¢ course of the year. These meeiings review progre55, infom and lak¢ d¢cisions concernin8 ihe Charity's present and future strate&v. revieiv our finances and fundraising activities. Hibphlights Irom the y¢ar include.. Providing 450 Christmas book iokens to children Running a Trussell fund¢d projeLt ¥￿Ilh Citizens Advice. whercby clienis referr¢d io Rugby foodbank can 5elf-ref¢r io a designal¢d Citiiens Advice advisor to receive advice on financial maTragemeni Employing a Trussell fvnded Support Worker io work wilh Inodbank clients on non-financially re8ulaled activiri¢s Providing ihree course5 of six lessons sUPPOrting 14 clients for English for.8peakeT5 of Other Languages Coniinuing to have suppon of boih a physilal health and a mcnial hcalih nurse lor our clients Providing a National Lotlery funded service in the Hope Centre whereby cli¢nis can See a clinical psj'chologisi Hosting a bi-monthl}' visit froni Universi(y Hospital Ci>ventrv and W'arwickshire for I lepatitis C scr¢¢ning The eomm¢ncemeni of o Tru5sell fuiided Ihe Organi$ing and Mobili5ing Proj¢¢i io understand ihe need for and depend¢n¢y on foodbanks in Warwi¢kshire ACHIEVEMEP*TS AND PERFORMANCE Charitable aetii.Ities In Nokember ￿e were awarded th¢ King's Award for Voluniary Services. This reco8niscs the role thai Hope4 plays in lh¢ iown and The contribution made io il by our volunieers S Ii'ell as oor staff, who oftLn volunteer iviih us outside or their working week. The presentation ceremony wa5 held in lare Ma). 20?5 by the Lord l.ieutenant of Warw iLkshire, viih the High Sheriff of Warwi¢kshire. Rugby 5 MP. Ihe leadeT of Wanvick.%hirc County Council and the Mayor of Rugby attending. Charitabl¢ a¢liviries Ifigures in brackets reler lo ihe ?0?3124 for comparisi)n) All functions of Hope 4 continued io be used extcnsively by ihos¢ in need from across Rugby demonstratins the Lontinued need for the services provided. We haN'e continued ivith our operaiin¥ m¢)del wh¢re our client5 hold resFular face-IO•face meL¢inbTS with tliLiT Key Worker,. as well as Clients accessin¥ ihe Centre ID US¢ tlie faciliiies SULh as sho%vcrs. laundry and Computers. Over ihe course of ihe year.. We supported 16112024 - 190) clients iiicluding 77 (?024 - 100) neivly refe￿ed cli¢nis and 29 (2024 30) Llients reiurnirt¥ io our 5ervi¢es Clients visited the Hope Cenire on 48141?024- J096) 0cL￿10n5 and our support to Ihem included ?96 for personal laundry. 119 for clothing. 248 for the nurse. 10 l ¢liei115 5UPPOrted by ihe clinical psychologisi, 1.418 meals. 366 for sho¥4'ers and 637 lor use of compuiers A5 at March 2025. .52120?4 . 601 Clients were being supported b). Ihe Hope Centre. The Rugbv Winter Shelter We did not operate a nibhi shelter in 2024-25. Page I HOPE 4 (RUCBY) LTD (REGISTERED NUMBER.. 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023 ACHIEVEMENTS AYD PERFORMANCE Fundr4ising The majoriry of the ￿ndIng for Hope4 in 2024125 was provided through a grani from the Naiional Lottery Communities Fund. This 15 Ihe 5e¢ond year of a four year grani which covers th¢ salaries of our Servi¢e Deliv¢ry fvlanager, Iwo Ke) Workers, utilities cosis and a Mental Health prof¢stsional to H'ork with clients The fijnding covered around 60010 of our ruvning cos15, bui will reduc¢ over the nexr two ye2r5. Whilst rhis bring5 financial stability, it also ne¢es$iiaies the ne¢d for the Board to seek other funding streams and, in parti¢ular. promoring rhe Ilope4000 iniiiative. Sleep Out io Ilelp Oui 15 now a lim) ra￿.OUr￿le in our calendar and take5 place on the lasi Frida). of February. This sear we had 48 people panicipaie raising jusi undeT £13,000. The eveni was sponsored this year by Ellis Brooke E51ai¢ Agents which covered the costs of banners and ihe breakfast on Ihe Saiurdav niomin¥ wilh Fish Plus %ponsoring the Friday evening neal for all panicipants and suppon siaff. On the back of ihe succe55 of iaking P¢in in Ihe London Landmarks HAlf Manihon in 2024 ¥1'e secured 15 places for the 20?5 ¢veni. We iniiially filled all 15 pla¢¢s with l i taking part on rlie day raising rdised just ovcr £9,00Q. Hope4000 - we conrinue to promoie our short vid¢0 showcasing a clieni's 5torv and our work aloii8 Wlth ho￿ to be part of Ihe Hope4000 family donatins £4 a rnonth. The video has bcen extensively shared on S￿la1 media, in local churclies and ai am'areness and tundraising evenis. By the end of rhe year we had just und¢r ? 000 Hope4000 donors. We coniinue to s¢e iliis a5 a major fundraisin¥ slraleg). w'orking tom'ards sustainabiliry. We are also grateful (o the support ihar we have received trom.. Inside Hoin¢s who have Inade a donaiion for eiery home they lisi in ihe Rugby area. Additionally, in D li foNard pro8ramine Local Lhurches, schools. communit>. groups, businesses and individuals have also undenoken fundraising aciiviiies fo rai.se funds for Hope4 RUCBY FOODBA Tr4K Rugby Fvodbank is a Core service provided by the chariiy. During ihe year we supplied 615(Tr120?4 - 7089) three-day L'mergency food supplieb lo people in crisis. This was a 7D/o decrease on 2023P4. We received 87,435 kg5 (98.269 k¥s} of donated lood from Ru8b)' the Surrounding area and di51ributed 87.$44kg5.1100,998 kgs). W¢ are ¥rateful lo Ru8by Borough Council for providing us iviih Ihe spround floor of Th¢ l.awn and Ret￿81 building lor use as the foodbank. This 15 ideally siiuated in ihe middle of Rugb). and close io the Hope Cenire. Whilst M'c continue lo use this building. Ihi5 remains a shon-iem arrdngement and w¢ coniinue to seek. longer terni pr¢n)i5es in a suiiable location. We retain a 'Rent Fund, of £100.000 io help cov¢r ihe antlclpoied cost of renting a unit on ¢ommercial temis. We r¢¢eiv¢d a grani of £8,536 from RLigby Borough Council which was re¢¢ived in April 2025 toward5 ihe costs or running the foodbank van., and £6.000 fron) Wan4'ickbhir¢ Cuunty Council Hardship Fund for lood purchases ￿h1¢h are needed when there i.s shorfa¥e of donaiions ol-ess¢niial iteills or iiems ii'hich are not donaicd. The Foodbank continues to work with B¢dwonh Rugby and Nuneaion Ciiizen) Advice Bur¢au {BRANC.ABI to provide two financial sn¢lu5i0n woikerb lo w'ork directly H'ith foodbank clienis. This 15 funded b). a Tru5sell grant. Clients needed assisiance in areas ?n¢luding benefit and tax credits, liousing issuc5. debt. uiiliiies, Iii the year 410 (?0?4 459 foodbank Clienis were rel¢rred io BRANCAB for assisiance. BRANCAB anticipatcd that the in¢ome gain ro these clients could be in thc ordeT of £848k il. il ibas realised. Alonosid¢ income gTains ihe project al.so suggests £3? I k in debi relief if also realised. ￿le have also received tunding troni Truss¢ll to emplo), Iwo Support Workcrs to i%ork wirh foodbank clients uho need extra suppon that 15 not ol. the financiallfv regulated kind. such as PIP applications. attending meeiin(p5 with clienis and being iheir advocate. HOPE 4 {RLIGBY) LTD IRF.GISTERED NUMBER: 06614898) REPORT OF THE TRUSTEF.S FOR THE I'F.AR ENDEDJIST MARCH 2025 ACHIEI'EMENTS AND PERFORM.4NCE Oroani5ing and Mobilising (OLNI) Project During ihe y¢ar ive were aH'ard¢d a grani from Trussell io undertake Ihroughout Warwickshire the Organi5ing and Mobilising {OLMI Project. The aim of ihis projeci was to gain a betier understanding of rhe need l.or foodbanks across Warwickshire and reduce the dependency upon rhem. The project undertook research, SUTve>s, and conversarions with foodbank users, io idenLify the major coi)Iribuiing facrors which included council tax debi, and hornelessness. We also esiablished a group of foodbank user5 to share their views und inforn) our work within (he foodbank and with our wider Caiiipaigns. The PToJecr also supported Liur partner Wan%'ickshire foodbanks io engage wilh Iheir respective MPS on ille Esseniia15 Guoraniee. helping to amplify Ihe voices of ihose mosi affected by poverty across (he region. The Rugb). Foodbank People The Hope Cenlr¢'5 three Key Workers and administration support alona with The Foodbank s Engagement OtTi¢er and Support Worker all play a vital role in the detailed daily ivork a4sistin￿ clients on their joumeN oui of homelessness and foc>d poverty. Their growing skills sets and links itriih Ihe ivider commLinity work well io ensure clienls are helped in che most iailored way possible. Cli¢ni testiinonies bear witness to this. On¢ of our Key Workers left us during the year to follow her passion for 5upponin8 women and tamili¢s which h8d grown over her lime working wilh ihe ivomen ai ihe Hop¢ Cenlre. Follow'inby a recruitmeni campaign we appoinred a replaccnicni ivho she recommended to us. He brin85 willi hiin boih lived e.Np¥ri¢nce and e%perien¢e of workins with individuals ivho face crisis around subsian¢e misuse as one of lh¢ leads ai the local Narcoii¢s Anonynious group. We also recruited a n¢w Engagement Officer for ihe Foodbank. During the period up to an appoinrmeni being mad¢. sialy and voluiiteers covered (he rol¢. During Ihe year we TCCTUlted a r¢iired a¢couniant 10 the role of Treasurer. He is also The Treasurer for one of our panner ag¢n¢i¢s. Futures Unlocked. which is co located ai the I lope Cenlre. He is siipported bw a pan lime bookkeeper. Whils1 we coniiiiue io Tecruii fvr a neiy conipan), s¢¢reiary', the remaining Board fvlembers have agreed 10 undertake the dulles of this role beiwecn Ih¢in. During ihe year our lo¢al Church of England Vicar who was li Board Membvr iviih Ihe specific remit for i%'ellbeiiig and fulfilling (he role of ¢haplain tu thL Board. siafl.. volunteers nd Clients resigned from ihe Board. He Still continu¢$ to provid¢ 5uppon io Ihe Board. staff, volunieers and Clienis ai ihe Hope Cenir¢ every other week. FINANCIAL REVIEW Financial position Over 202412025 the in¢ome of Hope 4 (Rugby) Lid ivas £470,195. Its exp¢ndiiiirL' was £)73.524. This is split beiween our diflerent aclivities as follows.. coiiie ¢nditur 88.4?4 118,587 70,334 60,577 35.602 Nei Su 58.668 3.857 8.898 li,257 11.991 Hope Centre The Communities Lottery Fund Cirani Foodbank Trus5ell P inancial Inclusion Project Trussell Organi5ing and Mobiling Project 147,092 12?.444 79,? j2 7i,834 47,593 As ai the end of Mar¢h ?025 ihe chariry had £1,03?.241 in reserve5 and asse15 including the Hope Cenlre. Of these £49.016 resTricted fund5. The ainouni oui.%¢undinLF on our Inortgage to purch&se the Hope Centre was £40.970. Full accounts are in¢luded with ihi5 report. Durin&F Ihc year. i%'e repaid £50,000 off our mortgage (In (he Hope Centre reducing th¢ balanLe 10 £40.970. We eni¢red inio a mortgage ai a fi.xed rate of 8.16ts/0 in Jul), ?024. We ar< continiiing lo paw Ihe Inonga¥e ai the previoiis rate ivhicli will reduce the balance considerablv durino the tenn of the monuage and should enable us io clear the outsiandins balance ai the end of the temi. The continued gener05iTr of people across Rugby. supporting ¢hurLhe5, oiher faiih communities, schools, organistltions, charities and eompanies allows us lo continue our work, Thi8 suppon continues (o be incrediblv encoura&iing and is being augmenied by a growing number of individuals w.ho ii)ake reoular donalions through ihe Hope4000 appeal. Page 3 HOPE 4 IRUGBYI LTD (REGISTERED ￿U￿1BER.. 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST fvIARCH 2025 FINANCIAL REVIEW Reserve$ policy The unrestricied funds of £ 983.225 are represented by fixed assets, including the freehold propeny ￿'hich is ascribed a value of £350.000 less ihe associaied mongage of £40,970. together wi¢h liquid a55els of £672,139. The trusi¢es are conservative from a financial point of view and 50 maintain a l¢vel of liquid reserves in excess of £118.000 to ensure that sufficient r#sources are available to cover si.x nionihs running costs and mortgage repayments. FUTURE DEN'ELOPMENTS The need for rhe services provided by Hope 4 remains clear and viial to ihose who are in iemporary housing or who experience food poverty in the Rugby ar¢.i. The ¢harii!' r¢main5 absolutel> dependLnt upon the incredible volunteer 5uppon and financial generosity of many to b¢ abl¢ lo maintain these Services. STRUCTURE, GOVERNAYI CE AND MANAGEMENT Governing documenl The charity is controlled by lis governinb docuinent, the Memorandum and Articles of Associaiion and constitules a limiied company. The Company is liiniied bv guardntee. as defined by the Companies Act 2006. All memb¢r$ ¥uarantce an aii)ounl nni io exceed £ l O P¢iyable in the ev¢nt of Ili¢ LLimpany beiniP wound up Wilh a defi¢i¢ncy of net Q55ets. A membcr's guaraniee of £ l O ¢oniinue5 for N¢lve Inonihs aftei. m¢mbership ceases. Ai i Isi March ?0?5, there were 6 meiy)bers (2024 6). Recruitmenl and Mppointment of new Iru51etS Trusre¢s may be recommeiid¢d for dppoiiilineni by ihe in151ee5 in consulraiion wilh ihe oiher Rugby Churches and Ihe Friends and Supporters ot Hope 4. or a ni¢mb¢r and Ihen votcd for by Ihe membeTS at a General Meeting. REFERENCE AND ADMIYI ISTRATIVE DETAILS ReRistcred Compan J number 06614898 ILn8land and W'ale5) Registered Charlty number 11?6487 Registered offl¢e 8 N¢wbuld Road wa￿￿'i(k5hirC CV212LJ Trustees D L P Mansell E N Calow J Woodinss P D Clucas D Pro¢tor Rev P J Morton Ichaitpersonl resigned 9111 Julv ?0?4 {Treasurer) appoinied 14th fvlav 2024 r¢ii&rned 14th fvla), ?0?4 Independent ExAmlner S G Bolton FCA Atkinson Fin¥h & C Chan¢red Arcountan15 Central Chambers 45-47 Albert Str¢ei Rugbv Wurwickshire CV212SG HOPE 4 (RUGBY} LTD (REGISTERED NUMBER: 06614898) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AIND ADfvIINISTRATIVE DETAILS Bankers Lloyds Bank Pl 14 Chur¢h Street Rugby Warnvickshi CV213PL Website http'.,'Iwwi%..horK4.org ukl Thi$ report has been prepar¢d in aLcordaTrce M'iih Ihc special provisions of Pan 15 of the Companies Act 7006 relating io small companies. Approved by order ofihe board of truslees on d signed its behaifby.. ans¢ll --l-rusiee Page i INDEPENDENT EXAMIIYER'S REPORT TO THF. TRUSTEES OF HOPE 4 (RUGBY) LTD (REC.ISTF.RF.D NUMBER: 06614898) Independent ei&rniTrer's report to the trustees of Hope 4 (Rugby) Ltd ('the Company.) I r¢port io the ¢harily trustees on my examination of the accounis of the Company for (he year ended 31 si March 2025. Responsibllities ond basis of report As thc chariry's Irusiees of the Compan>. laiid also lis dir¢ccor5 for thc purpoies of company law) you are responsible for the preparation of th¢ accounls in accordance with Ih¢ requirements of the Companies Aci ?006 ('the 2006 Aci'l. Having saiisfied myself ihal the ac¢oun¢s ofihe Company are noi required to be avdiied under Parr 16 of the ?006 Aci and are eligTible for independeni examinaiion, I report in r¢spcct of my cxaininalion ofytsur ¢hdrity'5 accoun15 as carried out under Seciion 145 of the Chariiie5 Act 2011 {'Ihe ?0 I l Act,). In carrNins oui mv exarnination I haN'e folloived lh¢ Dir¢ctions &yiven by ihe Chariry Comi)iission under Se¢iion 145(5) (b) of the 201 I Aci. Independtlll eyaminer's stjlemcnt Since your chariiy's gross income e.¥ceedLd £250,000 your examiner musi be a meirber of a lisied bodv. I can coThfirm Ihat l am qualified io undenake ihe examination b¢¢ause l am a member of the Insiiiuie of Chartered Accountanrs in England and Wales, whi¢h is one of Ihe listed bodies. I have completed my examinlltion. I confirm thai no Inaiiers have come lo my aitcnlion in connection wilh ih¢ e¥aminalion 8iving me cause lo believe.. accouniing records w'eTe not kept in respeci of the Cumpany as required by Section 386 of ihe 2006 Aci; or the uccounts do not a¢¢ord wilh those records: or Ihe accounts do noi comply 1% ill) Ihe ac¢ounlin¥ requirements ol. Seciion 396 Of rhe 2006 Ail orher Than hny requirernent that the accounts give a true arid fair view which is noi a marLer Considered as part ol. an independcnt e.¥aininaiitsn' or the accounts hav¢ not be¢n prepared in accordanc¢ i¥iih the meihods and principles ot Ihe Stateineni of Recomm¢nd¢d Praciice lor aeeounling and rcportin¥ bi charili¢s (applicable to chariii¢s preparing Iheir accounis in accordance with Ihe Finai)¢ial Rcponing Siandard applicable in the UK and Republic of Ireland (FRS 10?)). I have no concems and hav¢ ¢ome across no other maii¢rs in connection with ihe examination to ￿hICh aii¢niion should be drawn in this report in ordeT to enable a proper understanding ol'the aLcounls lo b¢ r¢iiched. S G Bolron FCA Aikinson Finch & Co Chanered Accoun(an15 Central Chainb¢rs 4547 Alb¢n Sireei Rusjbj Warwickshire CV!I ?SG Dale.. HOPE 4 (RUGBY) LTD STATEMENT OF FINANClplL ACTIVITIES FOR THE I'EAR ENDED31ST MARCH 202) 2025 Total funds ?024 Total fund5 Unresiricted funds R¢valuation reserve Re5tri¢ied tunds Notes IIYCOME AND ENDOWMENTS FRO.M Donaiions and legaci¢s 208.141 2.42.764 460.905 390,2?8 Inv¢s¢menr income 9,290 9.29(J Total 217,431 252,764 470.195 395,526 EXPENDITURE ON Charlt¥ble ac(ivilie5 Providin8 care and support for the huinele55 Providing a foodbank for those in need Providin8 wincer shelier for the homeless 93,339 113,861 207.201) 183.547 57,982 108,342 166.324 118,8?2 480 Total 151,321 222.203 J73.524 302.849 NET INCOME Transfers beiween funds 66,110 {2.0841 JO,fj61 2,084 96,671 92,677 Nel movement in funds 64,n26 32.645 90,671 RECONCILIATION OF Toral funds brought forward 856.667 13.371 935,570 842,893 TOTAL FUNDS CARRIED FORWARD 9211.693 46.016 1.032,241 935,570 The not¢s fo￿ pan ofrhese financial statements Page 7 HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898) BALANCE SHEET 31ST,MARCH 202$ 2025 Tol#l funds 2024 Toial funds Unrestricted funds Revaluaiion r¢5¢rve Restricied nds Notes FIXED ASSETS Tangible ass¢ls 10 286.524 65,532 1.457 353.513 35i,929 CURRENT ASSETS Debiors Cash ai bank and in hand 6JS15 675,194 475 44.254 6,1170 719.4411 2,698 68?.418 681,589 44,729 726,J18 685.116 CREDITORS Arnoun(s falling due iviihin one wear (10.230) (170) 110,4()0) 116.83?} NET CURRENT ASSETS 671.359 715,918 668.?84 TOTAL AS.SETS LESS CURRF.NT LIABILITIE 947,883 46.016 .069.431 1.02??13 CRF.DITORS Ainoiiiiis falling due after more than oiie year 137,190) 137.190) 186,64i} ET ASSETS 92n,69J 4(Tr,016 .032,241 935.570 FU,YDS Unrestricted funds Resiricied funds 16 986.225 46.016 922,199 13,371 TOTAL FUNDS ,032,241 935,570 The charitable coinpanv is eniitled to e.xemption from audit uiider S¢¢iion 477 of tlie Compi2nie$ Aci 2006 for thc v¢ar ended 31 si March ?025. The members have noi required the cvmpany to obtain an audii of lis financial siaten)¢nis for the vear ended 315t March 202.5 in a¢¢ordance witli Section 476 of tli¢ Companies Aci 2n06. Th¢ trustce5 acknowledge their r¢5pon5ibilitics for (a) ensiiring that the Lharilable company keeps accouniing records ilial coinply wilh Sections 386 and 387 of the Companies Act 2006 and pr¢parin? financial Slatemeni.4 which give a true and fair view of the siaie of affilirs ol- the charilable compan), as ai the end of each financial year and of its su￿lUS or deficit lor ¢#¢h fiiiancial year in accordance %wiih the requirements of Se¢¢ions 394 and i95 and whicli vilieTwise Lomply with Ehe requireinents of thc Companie5 Aci 21Tr06 relating 10 financial stareinenis. so far ds applicable io ihi, rhariiable compan).. Ib) The not¢8 forni pan of ihese Iinaii¢ial staieinents Page 8 conrinued. HOPE 4 (RUGBV) LTD (REGISTERED NUfvIBER: 06614898) BALANCE SHEET- continued 31ST MARCH 2024 These financial siaieTnents have been prepared in ac¢ordanc¢ wilh ihe provisions applicable to charitable companies subject to the STnall companies reuime. The financi siaternents were approved by the Board of Trusiees and auihorised for wer¢ signed on its behalf b>.. issue on P Mansell Trusiee Proclor- Trusiee The note5 fomi part of these financial Statements Page 9 HOPE 4 {RUGBV) LTD r40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH 2025 ACCOLTNTING POLICIES Basi$ of preparin2 the financial slal¢men15 The financial 51aiemen15 of rhe charitable conipany, which is a public benefii enli￿ under FRS 102. have been prepared in accordan¢¢ with the Chaiitie5 SORP (FRS I O?) 'Accounting and Reponing by Charities.. Siaiemeni of Recoi?)mend¢d Practice applicable to chariiies preparing th¢ir accounts in accordance ivith Ihe Financial Reponiiig Siandard appli¢able in the UK and Repiiblic of Ireland {FRS 10?) {effe¢rive l January 2019),, Financial Reporting Siandard 10? 'The Finai)¢ial Reponing Siandard applicable in rhe UK and Republic of Ireland, and the Companies Aet ?006. 'fhe financial staternent5 have been prepared under the historical cosl convention, as modilied b>. rhe revaluation of certain ussets. Income All income is included in rhe Stdtemeni of Financial Activitie5 Ivhen (he eharity is leoall>' entirl¢d lo the income and (he amouni Can be quaniified %%iih redsonable accuracy. Eipendliure Expendirure is accouni¢d for on an aciruals basis and has been cla55lticd under headin8s rhat aggre8ai¢ all cost relaied iu (he cat¢¥ory. Where costs cannot be direcily attribuied lo particular headings thev have been allocaied 10 actlV111¢5 on a basis consisieni with the use of resourc¢s. Tangible filed assets Depr¢Liaiion is provided ai Ihe following annual raies in order to write off each asset over lis esiimated uselul life. Freehold propeny Fixtures and fiflinuTS Motor vehi¢le5 not provided ?5 /0 on reducing> balance ?5O/y on reducin& balance Taijtion I'he charity is ex¢mpi frum corporation lax on 115 chariiable activities. Fund accounting Unrestricted funds can be used in a¢¢ordance ￿'11h Ihe charitabl¢ obJectiv¢s ai IhL discreiion of the irusie¢s. Designaied funds are unrestricted funds ihat have been gci aside by rhe charily for a specilic purpose. Restricled lund% can only be 11s¢d lor particuliir restricted purposes iviihin Ihe objeeiq of the Lharity. RestTiciions arise when 5pecifivd b). the donor or when fund5 are raiscd for particular purpii4e%. Hire purchA5e and l¢¥$ing commliments Renta15 paid und¢r operaiing lease5 are cliarged to lh¢ Sialein¢ni ol F inancial Aclivities on a Slraighi line basis over ihe period of ihe lease. Pension costs and other post-retiremenl benefits The charitable company operates a defiiied cuntribuiion pension s¢herne. Coi)Iribulions paj'able io the ¢harilable coinpany's p¢nsion schem¢ are cliaTbN¥d to ihL' Siatemenl of Financial Activilies in the period to which Ihey relate. SignifiLBnl judgement5 and e51irnnle$ There are no significani judgements that hav¢ a maierial ¢lTect on th¢ a¢coiints nor an!. aceoiintin¥ ¢siima1¢5 thai have a high risk of callsing a material adjusiinent in a fuiure period. Page 10 continued... HOPE 4 (RUGBY) LTD NOTF.S TO THE FINANCIAL STATETrIF.NTS- contlnued FOR THE YEAR ENDED JIST MARCH 2025 DOIYATIONS AND LEGACIES 2025 70?4 Donations Granig 20J.034 ?57,871 ?03.395 186,833 460.905 390,228 The follow'ing donations in e.¥cess of £J,000 have been rec¢ived 20?4 Geoffrey Philip Martindal¢ Esiare Billon Cvangelicdl Church Winwi¢k Wind Fann Trussell Trust Top-up Anonvmous H&M Henncs and M B HM 4.000 3.000 ,000 9.281 8.000 6,314 3,000 Granis receiv¢d. inLluded in the above. are as follows.. 2025 20?4 29th May 1961 Charitable Trus1 Rugby Borough Council Warwick5hire County Council Big Lotrery Aixazon Covid Grani Trnssell 6,000 6.000 ,oou 5.733 15,350 6.000 122,444 2,000 121.427 51,750 257,871 186,833 INVESTMENT INCOME 2025 2024 Deposit account inieresi 9,290 5,298 CHARITABLE ACTIVITIES COSTS Dirc¢l costs 2025 20?4 Providin8 care and support for the hoineless Providing u foodbank. for Iliose in need Providin¥ ￿.Inter shelier for Ihe homeless 207.200 166.324 18i.547 18.822 48 373,524 30?,849 Pa(tre I I coniiiiued... HOPE 4 (RUGBY) LTD NOTES TO THE FINANCI.4L STATEMENTS- continued FOR THE YF.AR ENDED 31ST MARCH 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff Costs Foodbank donation to the Hop¢ Cenire towards running ¢osis Raies and water Insurance Light and heal Telephan¢ Postabie and 5talionery Repairs and renewals Sundri¢5 Food Costs Trav¢lling Advenisin8 Trdining Subscription5 Computer Costs Bank charges Events and promorions costs Professional fee5 Accountancy Ciiizens Advice Project Fvodbank ¢xpenses Motor expenses Book keeping Mental healil? service siaff Depreiidti(Trn Loss on sale of a55e15 Inleresi paygble and similar Charges 239,642 1,800 lJ75 5,483 14,099 676 2.013 5,072 8.461 6.904 .514 186,488 1.800 755 3.464 13.7()J 494 1.066 3,408 9.217 13,700 ?89 1.544 1.417 77 2.769 6.470 286 9.832 1,716 2,856 41,684 1,556 2,075 JJoo 8,837 1,170 8.045 17.$ 10,024 1.417 28.158 2,056 2.045 1.310 480 3,31.$ 3,247 373,524 30? 849 NET INCOIME/(EXPENDITUR£I Net incomelle.xpcndiiurcl is sialed after churginglicrediiin 2025 20?4 Deprecialion - owncd assets 1,170 TRUSTEF.S' RF.MUNERATION AND BENEFITS There were no trusiee5' remuneraiion or oiher benef115 for the year ended 31st March ?0?5 nor for the year ended 31 st March 2024. Trustte$' expense5 There wer¢ no Irusiee5' expense5 paid for Ihe year ended 31st N1arch 2025 nor for the year ended 31 st March 2024. Paoe 12 continued.. HOPE 4 IRL'GBY) LTD ,WOTES TO THE FI)Af4CIAL ST,4TEMENTS- eontlnucd FOR THE YF.AR ENDED 31ST MARCH 20?- STAFF COSTS The average monthly number of employe¢s during the }'ear was tts follow5.. 2025 20?4 Support staly Administracive 51aff No ¢mployees received emolument5 in ¢xc¢ss of £60.000. 2025 ?0?4 Wage5 Emplo}'ers naiional insuranc¢ Pension costs 217,424 13.850 8.368 170.842 8.691 6,955 239,642 186.488 COMPARATIVES FOR THE STATE￿IENT OF FI￿ANCIAL ACTIVITIF.S LJnr¢striLted Revaluation lunds reserve Restricted funds Toral fund5 INCOME AND ENDow￿lF.NTs FROM Donations and legacies 21i.395 176.833 390.?28 Invesimeni income 5.298 5.298 Total ?18.693 176.83) 395.5?6 EXPENDITURE ON Charitable actii.liie$ Providing care and suppon for the homele55 Providing a foodbank for ¢h05¥ in need Providing ￿.Inter 5helier for th¢ homel¢ss 68,)14 61.376 48() 115,?33 57,496 183,547 118,82? 480 Total 130.1?0 172,7?9 30? 849 NET INCOME Transfer5 between funiJ$ 88.573 (l.j8? 4,104 1.382 92.677 Nct move meTrl in funds 87.191 5.486 92.677 RECOYCILIATION OF FUIYDS Total fund5 broughi forward 709,476 65.532 7,885 84? 893 TOTAL Fuf4DS CARRIED FORWARD 856.667 65,53? Page 13 continued... HOPE 4 (RUGBY) LTD NOTES TO THE FINANCIAL STATEMEI%TS- continued FOR THE YEAR ENDED31ST MARCH 2025 10. TAIYGIBLE FIXED ASSETS Fixiures and fiiiings Freehold property Moior vehicles Totals COST Ai I st April 20?4 Addiiiong 350.000 27.027 754 7,8t)O 384,827 Al 31 s( March ?025 350,000 27.781 7,800 385,-fj81 DEPRECIATION Ai I si April 20?4 Charge for year 23.346 1.108 30,898 1,170 62 Ai 31 si Mar¢h ?0?5 24.454 7,614 J2,068 NET BOOK VALUE At 31 si Mdrch ?0?5 J50,000 3.327 186 353,413 Ai 31 st March 2024 )50.000 3,681 248 35 j.9?9 Th¥ property was revulued by Howkins and Harrison on 26Th Nlarch ?019. The original ¢ost of Ihe building is £284,468. DEBTORS: AMOUNTS FALLING DUE W'ITHIN ONF. YEAR 2025 20?4 Gift aid ta.¥ recDverable Pr¢paymenls ai)d accrued income .5,823 1.047 1.868 830 6,870 CREDITORS: A￿lOUNT5 FALLING t)UE WITHIN ONE YEAR 2025 ?0?4 Bank loans and overdraft5 (see nolc 14) Trade crediiors Social security and o¢her tax¢5 ALcrued ¢xp¢nscs 3,780 I,S98 8.218 831 3.707 4,577 S,022 10.400 16.832 Paue 14 coniinued... HOPE 4 (RUC.BI') LTD NOTES TO THE FIINAINCIAI. STATEMENTS- continued FOR THE YEAR ENDED 315T I¥IARCH 2025 13. CREDITORS: AMOUNT5 FALLIIYG DUE AFTER NI 10RE THAN ONF. YEAR 2025 70?4 Bank loans (see note 141 37.190 86.643 14. LOANS An analysis of ihe n)aturity of loans is giv#n below: 2025 2024 Amounts falling due witl?in one year on demand.. Bdnk loans 3.78U 8,218 Amounts falling b¢tween one and two years.. Bli nk loans . 1.2 y¢ars 3.906 9.496 A Tnounls fallinij due beiween rwo and live years.. Bank loans 2-5 y¢arb 12.528 27.247 Amounts falling due in more than live years.. Repayable b). instalmenis.. Bank loans more than 5 y¢ai's 20,756 49.900 Is. SECURED DEBTS 'rhe lollow ing secured debis are in¢luded wiihin crcdiiors.. ?0?4 Bank loans 40,970 94,861 l-he loan 15 s¢cured b>, a Fir51 Le¥al Chur¥e over ihe tr¢ehold properti,. 8 Neivbold Road. Rugby. Pa(*e I S COlllinu¢d... HOPE 4 {RUGBY) LTD IYOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED31ST MARCH 20?5 16. fvIOVEMENT IN FL'NDS Nei mov¢meni in fund5 Transfers betiveen runds Ai 31.i.25 Ai 1.4.24 Unrestricted fund5 Hope Cenire General Fund Rugby foodbank Foodbank" renl fund Revoluacion reserve 456,778 299,889 i 00.000 58,668 7.442 (2,084) 513.362 307,331 i 00,000 922,199 66.110 12.084} 986,225 Resiricted funds 13uilding refurbishmeni fund Foodbank van exp¢ns¢s Cookery. Granr BIG LotteT>' Grani Amazon Covid Grani Trussell wcc Xma5 food VLM Peace Toyeiher 3,395 618 2,301 1)43 3J95 565 2,259 4,800 2,000 14,813 .457 4,000 1,991 736 12.lJ7) 142) 2,084 2,000 13.247 899 558 4,000 11,991 736 13.J71 2,084 46.016 TOTAL FUNDS 9J¥.q7U 96,671 1.032,241 Nei Inovemeni in funds. included in (he above are as follows.. Incoining resoiirc¢s ResoLirces e.¥pend¢d M4)v¢men¢ in fund5 Unrcstritled funds Hope Cenire General Fund Rugb) foodbank 147,09? 70aJ9 1118,424) (62.897) 58,668 7.442 217,431 Ilql.321) 66,110 Restricted fund5 Foodbank van expenses Coukery Grani BIG LotteT>' Grant Amazon Covid Cirant Trussell wcc OLM Peace Together (2.137) (8(1) 1118,4871 (2.137) {42) 3,847 2.000 13.257 899 11,991 736 38 122.444 2.000 73,834 6,035 47,593 820 160,577) (4,136) (J5,602) (84) 252.704 (222,203) 30.561 TOTAL FUNDS 470.195 {373,5?4} 96.671 PJg¥ 16 continued... HOPE 4 (RUGB Y) LTD NOTES TO THE FIN.4NCIAL STATENI IENTS- continued FOR THE YEAR ENDED31ST MARCH 2025 16. MOVEMEIYT IN FUNDS- continued Comparatives for movcmenl in funds Nei movement in fLSnds Trdnsfers heiween funds Ai 31.3.24 At 1.4.2j Unreslrict¢d funds Hope Cenire General Fund Rugby foodbank Rugb>' liinter shelter Foodbank Teni fund Revaluaiion ieserve )90.6?1 278,375 480 i 00.000 6.5,53? 11.38?) 456.778 ?99,889 i 00,000 65.53 ? 83$ 008 88.573 (1.38?) 92? 199 Restrlcied funds Building refurbi%hmeni fuiid Foodbank" tran eip¢nses Cookerv Granr BIG Loriery Grant TNssell wcc Xinas food 3.395 618 2,301 94) 1.556 558 4,000 1.660 (? 1?7) {5?9) 646 1.556 558 4.1)00 1.085 ?97 7.885 4,104 1,382 13.371 TOTAL FUNDS 842.893 9?,677 93.S,$70 Comparative nel movemeni in fuiids, included in rh¢ above are as lollows.. InLomin resources Resuur¢¢s ¢xpended Movement in fund5 Unr¢siricled funds Hope Cenire Gcneral Fund Rublb!. foodbank Rii¥by winter shelier 13$ 85j 82.840 (68,i14) {61.)261 1480) 67.53() 21,514 14801 218,693 Restricted funds Fvvdbank van expense5 Cook'eTr Grant BIG Loit¢ry Grani Trnssell wcc Xmas food 1130,120) 8¥.573 1? 1271 {5?91 (114.7¢)4) {50.1941 (5,175) (? 1?7) 1S?91 646 1.556 858 4.000 115.350 51.750 5.733 4.000 176.833 1172.7291 4.104 TOTAL FUNDS 395, j?6 130? 849) Paoe 17 Lontinued.. HOPE 4 (RUGBY) LTD NOTES TO THE Flf4ANCI.4L STATEMENTS- continued FOR THE YEAR ETr4DEDJIST MARCH 2025 RELATED PARTY DJ5CLOSURES There were no r¢laied pany transactions for ilie y¢ar ended 31 si March ?Q?5 (?024 - none). Page 18