HOPE FOR THE YOUNG LIMITED (A company limited by guarantee and not having a share capithl) Report FimAncial Statements Year Ended: 31 Mareh 2025 Company Number: 06540167 Charity Number: 1127017 INDEX 2. Legal aud Admini8trative Detail 3-10. Report of the Directors 11. statem¢t of Finaneial AetiV4ties 12. Balgnce Sheet 13-21. Note8 to the Accounts 22-23. Independent Examiner's Report
HOPE FOR THE YOUNG LIMITED LEGAL AND ADMINISTRATWE DETAILS for the year ended 31 Mah 2025 Company Number 06540167 Ch*rity Number 1127017 The Board of D1CtorS Dr Kavnran SAEDI Mr Jafar OMID Dr Catherine Louise STREET Mr Michael Edwin ATKtNSON Ms Niki KALYVIDES Company Seeret4ry Mr Mahmoud Mostsfavi Registered Offi¢e 85-87 Bayham Street, Camden, London NW I OAG B4llker8 Lloyds Bank PIC
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIRECTORS ror the year ended 31 March 2025 The Directors present their rew)rt and th¢ accounts for the year ended 31 March 2025. The aUnts have ken prepared in accordance witli the accounting policies set out in note I to die counts and coinply with the Charities Act 2011 and "Accounting and reporting by Charities: Ststement of Remmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable itt the UK and Republic of Ireland (FRS 102) {effectiv¢ I January 2015)" Status The organisation is a charitable company limited by guarantee, incorpordted oli 19 March 2008 and regist¢red as a charity on 2 D¢cember 2008. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is 8overn¢d under its Articles of Association. Hope for the Young's mission: The charity aims to r¢move th¢ obstscl¢s to young refu8ees and asylum-se¢kers' ¢du¢ation and well- being throu mentoring, advocacy. and financial support. Summory ofihe objeas ofihe charily sel in governing docume Hopeforthe Young's objects ore.. l. The relief of financial hardship amoiig peopl¢ living or working in the developing countries and the United Kingdom by pmviding such persons with goods and seivi¢es wliich they could not otherwise afford tlirough lack of means. 2. The relief of financial hardship, eith¢r generally or individually, of ]xople living iii the d¢veloping countries and the United Kingdom by inaking grants of money for providing or paying for itetrts, servi¢¢5 andlor facilities. 3. The relief of the sick andlor poor living in the developing countries and the United Kingdom ¢ither generally or individually through the provision of grdnty goods or servi¢es. Oyerview Over the past year. Hope for the Young was proud to stand alongside young people seeking sanctuary as they worked to rebuild their lives in the UK and pursue their goals. Through our uniqu¢ blend of one- tone m¢ntoring, advocacy. a]id financial support, we continu¢d to remove key barrier5 to ¢ducation, w¢ll-bein& and integration, eii&bling young people to feel saler, less isolated, and better equipped to reach their potsntial. Demand for our services increased sigiiificantly over the y¢ar, reflecting the growitig ¢hallenges fa¢ed ty young refugees and asylum-seekers. Despite this pressure. we were able to support more young people than in any previous year. expanding both the reach and the depth of our support.
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIRECTORS for the year ended 31 March 2025 (continued) The year was marked by risfftng housing insecurity. mental health pressures, and growing f¢ar associated with a rise in anti-migrant rhetoric and protests across the UK. In response, we increased advocacy suppor¢ strengthened safeguarding and risk managemenl )d adapted our services to ensure the safety of young people, staff, and voluiiteers. Alongside our core work, we deepened youth participation, built Stronger s¢ctor partnerships, and dev¢loped a n¢w two-year strategy informed by an independent evaliiation, which confirnied the strength of our model and guided improvements to service quality and outcomes for young people. Despit¢ the ohallenges, young people show¢d reinarkable r¢silience and made meaningful progress throughout the year. Their achievements graduating and se¢urinE their first jobs from passing exnS and forming Iiew friendships to show what is possible when young people are given the opportunities, resources, and support they need to thrive. This was made possible by the dedicatioii and professionalism of our staff team and volunteer mentors, and our committ¢d partners and funders. We are deeply ateful to all the individuals and organisatlolls who have eontribL]ted to our work this year, and above all to the young people whose strength. courage, and ambition iiispire eve[?1n8 we Publfit Benefit In planning the charity's activities. the trustses have had due r¢gard to the guidance on public benefit published by th¢ Charity Commission and have considercd how planned activities Contribute to the charity's aims and objectives. The twstees oonfimi that tliey have complied with their duties under the Charities Act 2011 in this regard. The achievements and activities outlined iii this report demonstrate the public benefit arising from the charity's activities. Achievement and Performance The Mentoring Programme The Mentoring Programme continued to match refugee and asyluin-seeking young people &ged l@25 with trained voluntser mentors who provided personalised. on¢-tTrone support. Mentor-mentee pairs met for 2-3 hours each week in local cafes, libraries, aiid community spaLes. Relalionsl)ips are d¢signed to last SAX months, though due to young people's complex needs, tim¢frames retnained fl¢xible. Mentors supported youn8 people to improve their English, build confidence, reduce isolatlOi1, acc¢ss services. and join youth groups and sports clubs lo feel more connect¢d to their communities. Returning to ¢ducation ranained one of the most common goals. Mentors helped young people explore options, reSeah colleges and universities. attend open days, compl¢t¢ applications, and prepa for intervi¢ws. Over the past year, we supported 177 mentoring relationship8. up from 136 the previous ytt. Among those who completed mentoring, 840/0 reported increased confidence, 84• /0 improved their English. 85°/0 progressed in ¢ducati07J, ai)d 89/0 said mentoring helped them feel less loiiely. 700/0
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIRECTORS for the year ended 31 March 2025 (eontinued) said their mentor helped them access new opwrtunities and services, 89 /0 felt mentoring had been "very gd, and 100 /0 would recommend the progr8mm¢. ' She didn ljusl rnentor me, she cknnged my life... she mad¢ me believe in Tnyself when Icouldn k. ' Mentee Our diverse pool of trained volunteer mentots is central to making strong matches based on sh&red Interes experiences and goals. Referrals increased from 216 to 229. including 65 self-referrAI8, and we recruited 91 new mentors, bringing the total to 167. We delivered 7 induction trainings and 3 workshops on ESOL, trauma-infomied practice and univ¢rsity pathways, with an average rating of 4.815. M¢tttors were support¢d throu8h regular supervision, trdinin& and check-ins. 98 /0 felt well supported, 83 /0 felt they made a real difference, and 980/0 would recommcnd tnentoring to others. Responding to young people's and mentors. requests for more opportunities to ¢onnect, we organised four social evellts and our youth-led Annual Celebration. We also doubled total mentoring hours to 3J.54 and ¢xtended our reach into outer-London boroughs. Next year. we will focus on refining and enhancing the programme to ensure an even greater user experience for all involved. Grants and AdvocAcy Programme The Grants and Advoca¢y Programme ¢omplemenls our M¢iitoring Programme by addressing the financial and systemic barrietE that young p¢opl¢ with inse¢ure immigration status face, supporting thein to access and complete further 2nd higher education through targeted bursarics and tailored adVoCy. These grants are critical because young people with insecure immigration status eannot access student finance or legally work to fund their studi¢s, making this support essential for pursuiiig education. For the academic year ending August 2024, w¢ distributed £63,132 to 29 young people in graJ)ts of up to £4,500 towards tuition, exam fees, ITansport, and study costs. A further 39 small grants under £500. totalling £5,477, were awarded internally to young people on our programmes for one-off items such as exam fees. transport, and course materials. These grants enabled young people to pursue a wid¢ range of ¢ours¢s, including Architecture, Art & Design, Business, Ch¢mi¢al Engineering, Journalism, Law, Nursing, Media Studies, Medicine, Mechanical Engineering, Psychology, Soeial Work, and more. All larg¢-gt2nt recipients received th¢ check-ift meetings with our Grallts and Advocacy Programme Manag¢r, with additional sessions offered as n¢eded. Support ¢overed careers guidan¢e, UCAS applications. personal stateinents, and prdctical adva¢Y. including r¢feffals for housing support. winter clothing, food vou¢hers, and access to essential servic¢s. Out¢om¢s remained exceptionally strong.. IOOi/bo said they ¢ould access support wh¢ii needed. 921/b. were helped to access new opportunities. 92&/0 felt supportcd to pursue longy_term goals. 96 % reported increased knowledge of their rights. l(Mlf/+• felt more optimisti¢ about their future. and 96 /0
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIRECTORS for the year ended 31 Mareh 2025 (eontinutd) felt more connected to peers facing similar challenges. At the time of r¢portin& 100 % had either passed their academic year or were continuing their studies. "Receiving ihe grani became a beacon ofhope in w life. Grantee Throughout the year, we delivered two workshops, including & Welcome Meeting for new grantees and a session for tn¢dical students led by a former grantee now working as ali NHS junior doctor. Our Annual Celebration brought grantees from across the UK together to connect and celebrate their achievements. In the following 2024-25 academic y¢ar, we have received 212 appliea¢iolls and pledged a furth¢r 71 grants totalling £62,612. Our priority is to expand st8tTing capacity to grow this vital service alongside our Mentoring Pr()gramme and ensure young p¢ople seeking sanctuary receive the persot]alised support they need to suc¢¢ed. Youth-led Approach This year, Hope for the Young Qontinued to strengthen the tnvolvemeiit of young peopl¢ and those with lived experience across our programmes and decision-making processes. We began implementing our new Youth Ambassador Programmt, d¢sign¢d to provide structured opportunities for young people to contributs insigh( support organisational planning, and develop leadership skills. Following an application and interview process, 20 AJJJb4ssadors were appointed aiid welcomed at our launch event in April 2025. Young people played an active rol¢ throughout the organisation. They joined staff and volunteer recruittnent panels, co-delivered mentor training sessions, and sUPPOrted activiti¢s across communicatioi)s, administrntion, fui)draisiii& and finance. A team of 10 young people also helped to design and d¢liver our Annual Celebratlon. A group of eight young people co-produced a wel¢ome film for new menlets. Contribuling to plannin s¢ript writing, diting* and perforniing. Tli¢ film premiered during Refugee Week and now fornis part of our induction materials. For the third consecutive year, our grant-making panels included At least two former grantees, whose experience provided valuable insight and strengthened the quality and fairness of decisiort-making. We also maintain¢d our commitment that at least 400/0 of external communicatiolls feature the voices of young peopl¢. These opportunities enabled participants to build confid¢nce, communication skills. and experience relevant to future education and employment. Next year, we will Coiitinue developing the Ambassador Pmgramm¢ and ensure young people's perspectives remain ¢entral to strategy, service design and delivery.
HOPE FOR THE YOUNG LIMITED REPORT OFTHE DIRECTORS for the year ended 31 March 2025 (continued) Partnership and Outreach Over the past year. Hop¢ for the Young received referrals from over 70 organisations, includiiig the Refugee Council, British Red Cross, and Migrants Organise. Our holistic support model and strong outcomes conttnue to be recognised and valued by partner agencie5 across the sector. We strengthened relationships with local businesses and volunteer centres to expand our volunl¢er base and ¢ollaborated with GPS, community groups. law firms, educational institutions, and specialist charities to provide coordinated, wrap-around support. Through partnerships With organisatioiis such as Screenshare UK. Trussell Trust, Wrap-up London, Refugee Education UK, Breadwinn¢rs. Refugees at Hom¢. and Fre¢dom from Torture, young people were SLlPPOrted to acttss laptops, foodb)k5, wam) clothing, and additional education, employmen¢ housing, and meiital-health support. ' I Ik7ve noticed theyfeel more connecled io London and are beller ablg to overcome difficultias especially when comparedio oiheryoungpeople who dory't receive ihAs .¥upport." Referrer Referrals from lo¢al authorities and Children's services increased significantly. We coiitinued our contracts with Haringey. Newham, and Richmond & Kingston Councils, d¢livering mentoring to young unaccompani¢d refugees and asylum-seekers in their boroughs. Hope for the Young also remained an a¢tive memter of key national and regional networks supporting refugees and people seeking asylum. Thes¢ include the Refugee and Migrant Children's Consortium {RMCC), advocating for the rights of refugee children. the Young Refugee Collective, improving opportunities foryoung refijgees in London; and the IMIX communications ¥roup, working to influeiice public narratives on migration. We also maintain¢d membership in Ilie Experts by Expertence (EbE) Employment Initiative. promoting ¢quilable wruitm¢nL and th¢ Asylum Siipport Advice Network (ASAN) to share best practic¢ on asylum support issues. External Evaluation 2024. Hope for theyoung ¢ommission¢d an independent mixed-methcKi evaluation of our Mentoring. GrwTrts. and Advocacy services to assess our effectiveness and identify areas for learning and improvement. Drawing on interviews, focus groups. surveys, and analysis of monitoring data, the evaluation highlighted the distinctive value of our model, noting that'no oiher organigalion offers ihis combination o f supporifor young usylwn seeker3. and refvgees... delivered in a humane, responsive. persvnalisedandcaring way." Th¢ report found strong evidenc¢ of positiv¢ outc4)mes for young people, including increased self_ confidence, improved understanding of rights, and greater stability in accessing essential services. It also r¢cognised that our re5wnsiveness and agility come from fftany years of developing our model. ¢ombined with the knowledge, exp¢riettc¢. and creativity of staff and trustees. This was refl¢¢ted in the high regard expressed by young people. referr¢rs, and mentor5. The evaluation also provided constructive recommendations, including strengthening long-tem) outcome tracking and follow-up support. Th¢se reeommendations are now being ¢mbedded within our
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIRECTORS for the year ended 31 March 2025 (continued) 2025-27 stegy, ensuring continued cfrproduotion of services with young people and d¢eper impact across London and the UK. Looking Ahead At the ¢nd of the reporting period, Hope for the Young had developed a new strategic plan for 2025- 27, setting an ambitious direction for the organisation. Our strategy focused on three priorities.. Impn¥ving serylc¢ quality by increasing capacity in mentoring and grants. streamlining internal processes. improving user experience, and furt])¢r embedding youth participation and lived experience in de¢ision-makin8. Expanding advocacy alld grant provision through diversified and targeted funding streams, additional funding rounds, and the redesign of advocacy services to provide more holistic, longer-temi support. stngthenIng organisational sustainability by enhancing monitoring and evaluatioll frameworks, iiivesting in staff and volunteer development. and diversifying income to reduce reliance on short-temi funding and increas¢ long-terni resilience. These priorities r¢fle¢t our commitrfteiit to d¢livering responsive, liigh-quality support to young people seeking sanctuary, while maintaining organisational stability. Update Since the Reporting Period Sinc¢ the end of the reporting period, th¢ extemal operating environment has become significantly inore challenging. Political polarisation and increased ai)ti-migrant rhetori¢ ]d protests have Coincided with tigjitening funthaising landscape, and w¢ were not successful in securing funding from some major applications. In addition. several multi-year grants are due to end in early 2026, inereasing financial uncertainty. As a resulL we have noi been able to progress all areas of our Slrategy at the pace originally planned. Our focus during this period has been on protccting service quality. safeguarding vultterable young people, and ¢llsuring that future growth is sustainable. Due to high waiting lists for both mentoring and grants, we are prioritising the continuation of Core frontline services while efullY managing expenditur¢. In addressing these risks, we have also strengthened internal systems and governance, including enhanced financial plallning and scenario modelling tighter cost controls, and more frequenl strategi¢ oversight by trustees. These measures ¢nsur¢ resources att directed where they will have the greatest impact and maintain our wsition as a tnJst¢d and reliable partner. We remain comtnitted to the Ion8-term goals of our strategy and continue to adapt our delivery plans to ensure Hope for the Young remains sustainable and responsive to the needs of young peopl¢. Finanelal Review In the year ended 31 March 2025. Hope for the Young recorded total in¢ome of £537,381 (2024.. £600,847), of which 66% (£352.151) was r¢stri¢ted funding. The majority of income (780/01 £421,491) was generat¢d from grdnt-making trusts, foundalions, and contract funding.
HOPE FOR THE YOUNG LIMITED REPORT OF IHE DIRECTORS for the year ended 31 March 2025 (continued) Total expenditure for the year was £572.002. reflecting continued investment in service delivery, safeguarding, and organisational capa¢ity. The charity continued to prioritise the dtversifi¢ation of income streams to strengthen organisational resilience and reduce reliance on any single sour¢e of funding. During the year, 20 % of total income was generated through individuals, corporate partners. and community fundraising activity, demonstrating steady growth in unrestricted and flexible income. Hope for the Young closed the financial year with net asset5 of £339,745 and unrestricted res¢rv¢s of £312,300. Unrestri¢ted reserves represent approximately 6.5 months of op¢rating costs, in line with the minimum requiremeiit set by our reserves policy target. In tl)e current difFicult funding climate, trustees are mindful of the need to sustain this level of financial cushion to prote¢l our service delivery. and the need to continue diversifying and growing income str¢ams. Truste¢s continue to monitor [ancial perforniatTrce closely through regular management accounts, casliflow forecasting, and sc¢nario plantiing to ensure the organisation remains financially sustainable and abl¢ to meet its obligations. Risk Revlew The trnsts¢s regularly review the prtncipal risks facing Hope for the Young and maintain a live risk register, monitored at each truste¢ meeting. Systems are in place to mitigate th¢se risks and protect bodi the organis&tion and the young people we support. Key risks include.. Safeguarding: Risks to young peopl¢ are mitigatcd through enhanced DBS chwks, regular safeguarding trainliig for staff, volunteers, and trustees, clear reporting frameworks, and poli¢ies addressing mental health and vulnerability. Finallci&l Sustsinability: Reliance on short-temt funding is managed through a¢tiv¢ fundraisin& income diversificatioii, rigorous budget monitoring, and maintaining unrestrict¢d reserves in line with our policy. Staff wellbeing: Frontline roles Are emotionally demandin& so staff are supported through re8ular supervision, flexible workin& wellbeing initiatives. and professional development opportunities to manage workloads and preveilt burnout. Operational and goverllance risks: Infrastructure, scrvice quality. and stratcgic oversight at safeguarded through investment in cloud-lmsed systems. governance revi¢ws. skills audits, and ongoing policy updates. External envrronment: Emerging threttts, such a5 anti-migrant rheroric or prot¢sts. are addressed through risk assessments, enhanc security, staff training? and liaison witli relevant authorities. These measures help the trustees maintAin oversighL safeguard staff and young people, and supw)rt the charity's continued effectiv¢ness and resilience.
HOPE FOR THE YOUNG LIMITED REPORT OF THE DIREcfoRS for the year ended 31 March 2025 (continued) Reserves Policy It is the policy of Hope for the Young to hold at least 6 months, rnnning costs in unrestricted reserves that have not yet been comTnitted or designated for any particular purpose. The directors have set aside these reserves in orderto protect the future of the ¢haritable Company from the eff15 of atty unforeseei) variatioiis in its income streams as part of a policy of good financial management practice. The directors hav¢ set the level of these reserv¢s after undertaking a thorough assessment of the Charitable company's ne¢ds. Appointmen¢ of D1CtorS Under theArticles of Associatioii, m¢tnbership shall be open to anyone the directors, by a Inajority vote, agree will further the aims of the charity. Trustée Indudion Tralning All new trustees r¢ceive a structured induction covering charity governance. safeguarding restK)nsibilities, financial oversight, and strat¢gic priorities. Ongoiiig training and dev¢lopment are encourag¢d to ensure the b08rd remains effective and appropriately skilled. Responsibllities of the trustees Company law requires the trustees to prepare fiiian¢ial statements for each financial year, which give a true and fair view of the state of the affairs of the charitsbl¢ company as at the balance sheet dat¢ and of its incoming resources and applicalion of resources. including income and expenditure, for th¢ financial year. In pr¢paring those financial statementy the truste¢s should follow st practice atEd.. Select suitable &ceounting policies and then apply them consistently. Make judgements and estimates that are reasonable and priident. and Prepare tli¢ fii)ancial statements on the goii)g concern basis unless it is Inappropriate to assum¢ that the e4)mpany will continue on that basis. The Irustees acknowledge their responsibililies for ensuring that the company keeps accounting records whi¢li comply with se¢tion 386 of die A¢t and for preparing financial statements which give a Iru¢ and fair view of the state of affairs of the company as at the end of the financial year and if its pmfit or loss for the financial year in ac¢ordai)¢e with the requiremenls of section 394 and 395 and which otherwise Cotnply with the requiremenls of the Companies Act 2006 relating to accounts, so far as applicable to the company. The triistees are also responsible for safeguarding the a8sets of th¢ charitable ¢ompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Dr Kamran Saedi Dircctor Date.. 15 December 2025
HOPE FOR THE YOUNG LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025 Unrestricted Funds Restricted Funds Notes Total 2025 Totsl 2024 Income from: Donations and legacies 173,994 352,151 526,145 594,494 Interest Received 11,236 11,236 6J53 Total ineome 185230 352 151 537 81 Expenditure on: Raising funds 31.475 31,475 24.078 ChaTitable activities 114,283 426,244 540,526 417,759 Total expenditure 114,283 457 719 Net Ancome for the year 70947 (105068) (34,621) 159,008 Transfers between funds Net movement in funds 70,947 (105,568) {34,621) 159,008 Brought fonvard 241,353 133,013 374,366 215,358 Tolal at 31 Mareh 2025 312JOO 339,745 There were no other recognised gains or losses other than included in the statement of financiaI activities. The attached notes forni part of thes¢ financial statemeiits.
HOPE FOR THE YOUNG LIMITED BALANCE SHEET for the year ended 31 Mareh 2025 Notes 2025 2024 Current assets Debtors 36J66 23,968 Cash at bank and in band Ig 310,669 355,963 Creditors: anjounts fa]ling due within one year 7290 Net current assets 339,745 374J66 Total assets less current liabilities 339 745 374 366 Funds Capital and reserves Restricted funds Unrestrict¢d funds 9a 27,445 312JOO 133,013 241,353 Total funds 339,745 374J66 For the fAnancial year ended 31 March 2025 the company wa5 entitled to exemptioii from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the stat¢ of affairs of the company as at the end of the financial year and if its profit or loss for the financial y&qr in accordance with ihe requirements of section 394 and 395 and which otherwise comply thith the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These fJnan¢ial statements have been prepared in a¢cordan¢e with the special provisions relating to sma]I companies within Part 15 of the Companies Act 2006. The financial statements were appToved by thc board and signed on its behalf by.. Dr Kamran Saedi Director Date: 15 December 2025
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 March 2025 Accounting policies Basis of preparation The financial ststements have beeT] p.-epllred in accordance with Accounting and Reporting by Charities: Statement of Re¢ommended Practice applicable to charities preparing their accouiits in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102) 8nd the Companies Act 2006. The charitable company meets the definitioii of a public benefit entity under FRS 102. Assels and liabilities a initially recognised at historical cost or transaction value unless othenvise stated in the relevant ac¢ounting policy or note. Going coDeern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consid¢r that there are any sources of estimation uncertainty at the r¢porting dats that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting peri(yJ. Income Donations income is recognised when the charity lias entitlement to the funds, any performan¢e conditions attached to the income have been meL it is probable that the income will be r¢ceived and that the amount can be measured reliably. Income from government and other grants, whetlier 'capital' grants or 'revenu¢' grants, is recognised when the charity has entitlement to the funds, any perforniance condition5 atta¢hed to the grants have been me¢ it is probable that the income will be received and the amount can be measured reliably and is not deferred. Incom¢ received in advance for the provision of specified service is d¢fetYed until the criteria for incom¢ recognition are met. On re¢eipt, donated giftsj prof¢ssional services and donated facilities ar¢ recogttised 011 the basis of the value of the gift to the charity which is the amount the charity would hav¢ been willing to pay to obtain services or facilities of equival¢nt economic benefit on the open market- a corresponding amount is then ognised in expenditure in the period of receipt. Fund acc4)unting Unrestrictsd funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for particular ar¢as of the charity's work or for specific projeots being undertaken by ihe charity. Designated funds are unrestricted funds ¢arniarked by the Managctn¢nt Committee for parti¢ular purposes. Expenditure All ¢xpenditure is cOunted for on an accruals basis and has t¢¢n classified under the related activity. The expenditure comprises direct exp¢nditure including direct staff cost attributable, and allocated support cost. Support costs represent Central operational overheads such as Finance, Human Resources, Insuranc¢, Inforniation Technology, and central oifice costs, and the costs of governTng th¢ organisation. Support costs are all(Kated to activities on the basis of resource usag¢ aiid/or the most appropriate measure of how such resources are used.
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 Mareh 2025 (continued) Expenditure on raistng ndS are those costs incurred in attracting donations and legacies. Charitabl¢ activities include grants payable and expenditure assoeiated with the provision of service to the beneficiaries and stakeholders of the Charity, and covers both direct cost and allo¢ated support cost relating to thes¢ activities. Grants payable are accounted for when approved and wh¢n the intended recipient has either received the funds or been infornied of th¢ decisioii to make tlie grant and have satisfied all related conditions. Grants approved but t70t paid at th¢ end of the financial year are accrued for. Grants where the ben¢fJciary has not been infomied or has to meet Ceriain ¢onditions before tlie grant is rel&ised are not accrued for but noted as financial commitments in die notes to the accounts. Debtors Trade and other debtors are r¢co8nised &t the settleinent atnount due after any trade discount offered. Prepayments are valued at the Ount pr¢paid nct of any trade discounts due. Grant income a¢cruals ar¢ valued at the amount claim&ble against the grallt coinmiltnent at balan¢¢ sheet dat¢. Cash at bank And in hand Cash at bank and Cash in hand includ¢s cash and short tem highly lfftquid investments with a short maturity of thre¢ months or less (¢xcept for fixed interest bank deposits which can have a duration of up to 12 months) from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result iii the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlemeiit amount after allowing for any trade discounts diie. Pensio9 The charity operates a contributory pension scheme. It is a defined coiitribution scheme and contributions ar¢ charged in thc stateJn¢nl of financial tIvItieS a5 tli¢y accrue. Critieal aceounling estima'tes and jvdgments In the application of the ¢harity's ae¢ountlllE policies, the trustees are r¢quired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Th¢ estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlyingi assumptions are r¢view¢d on an ongoing basis. Revisions lo accounting estimats5 are recognised in the period in whi¢h the estimate is revised where the revision affects only that perii)d, or in the period of the revision and future peri(ds where the revision affects iK>th ¢urr¢nt and futur¢ periods. B&$lc fingneial assets Basie financial assets, which includ¢ debtors and cash and bank balances, are initiaIly measured at transaction price including transa¢tioii ¢osts and are subsequ¢ntly carried at amortised cost using the effective intsrest method unl¢ss the arrangement Constitutes a financiiig transaction, wlier¢ the
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 Mareh 2025 (continued) transaction is measured atth¢ present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised. Basic financial liabilities Basic finan¢iai liabilittes. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt iiistrument is measured at the pres¢nt value of the future receipts discounted at a market rate of interest. Financial liabilities ¢lassified as payable within one year are not amortis¢d. Debt instn]ments are subsequently carried at amortised cost, usiiig the effective interest Tate method. Trad¢ creditors are obligations lo pay for goods or services that have been acquired iJt the ordinary course of operdtions from suppliers. Amounts payable aTt lassified as current liabilities if payment is due withiii one year or less. If noL they are presented as non-current liabilities. Trade Creditors arc r¢cognised initially at transaction price and subsequently measured at amortised cost using the eff¢ctiv¢ interest method. Dereeognition of finaneial liabilities Finan¢iaI liabilities are d¢CogniSed when the charity's contractual obligations expire or are discharged or cancelled.
HOPE FOR THE YOUNG LIMtTED NOTES TO THE ACCOUNTS for the year ended 31 March 2025 (continued) 2. Ineome from Donations uestrICted 2025 Tot41 Restricted 2024 Total Don&tioLs Individ] GivitE Corporate CorrAnurllty Events Grancs and Contracts Achteving for Clllldren Ajborada Trust Barratt FouNlation Belron Ronnie L)r Clwitable Foutxlation Bell101 FowKlation CAF K¢yston¢ Fund Cherry pa1Y Foundation City Bridge FodatiOn for Hunyn Ne Garfiled Weston Foundation Haringey Council Hellry Stnith Clwity Hugh SyrnTh8 Ch&ritable TrLBt JL Chritsble Foundation KFC Youth Fowyjation tmlon ChkS Refugee F)d National LA>ttery- Reaching Communitte$ Greater ndon Authority- Prop¢1 t£ith Trust The Linblry Tnt LDThJon Borougj of N¢wIMm The tondon Commwllty FOdatJ¢)n The SoL*r Charitabl¢ TrLSt ThonTras Wall Trust 25.165 1,640 57,848 25,105 11.640 67,848 20,963 5.973 54,209 i o.(N)o 33,492 33.492 23,968 30,(K>O i o,(M)o lo,0 4.285 14,000 34.340 34040 45.000 40,0(kO 290 41,200 100 41200 loo 20,01)0 7.600 I200 20,000 7,600 12,500 7,600 25.000 i 0.000 2,383 3,000 1,000 105,064 84.766 750 129,969 103.602 750 129,909 103,602 50.000 46,993 10,(KkO 5,938 5,938 2.000 5,000 2,000 5,000 15,000 5,0(K) 15,000 173,994 352,151 52&145 594.494
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 March 2025 (continued) 3. Expenditure Anatysis Cb9ritAble #ct*vitie$ Cost of R8isi Gr8nts Advocary Mentoring 2025 2024 Salary costs PrOarrMe Costs Bursaries Sw)port Costs Salary Costg Consulting atKt Prokssional Fees tsl and Web Developly Fi]4nce aThJ Payroll Insurance Office atNJ IT FutKlraisiT OttKr 20,582 664 275,956 65,544 67.669 5.432 67.542 364207 71.640 67J42 280,851 43.846 67,376 3,567 4,932 282 4,860 963 27,261 3,567 1,644 282 1,620 321 9,087 7,133 6,577 627 479 1,284 36J47 111.166 15,555 1.518 1,673 4,350 .185 23.654 1.829 63 10,166 383J64 IS7 163 572.002 441.838 4. Employees Nwnber of Stsff 2025 2024 No. 10 10 Enwloym¢nt Costs 2025 2024 Wages and salaries Social $e¢urity costs pension costs 333,300 28,702 8,187 269,088 20.868 2YO,406 One member of staff rec¢ived r¢tnuneration of more than £60,000 in this year (2024- none). The total employee benefits including pension contributions of the key management persoiinel were £8,187 {2024.. £6,450). During the year th¢re were £0 (2024: £0) made in redundancy paym¢nts. 5. Trustee Remuneration The charity truste¢s were not paid or r¢¢eived any other benefits from employment with the charity (2024.. £nil) The charity trustees received £nil in expenses in th¢ year (2024.. £nil). No charity trust¢e received payment for professional or other services supplied to the charity (2024.. £nil). 6. Taxation The charity is a r¢gister¢d charity and no provision for taxation is consid¢red necessary.
HOPE FOR THK YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 March 2025 (continued) 7. Debtors 2025 2024 A¢Crd ]ncow 23,968 23,968 36 8. Creditors: Amounts falling due within one year 2025 2024 Aged creditors Arual5 S82S 3,852 7,809 9a. Movement in Funds - 2025 Asai I Awil 2024 Incomel Expenditwt GaitLg I lJ)sse5 Asat31 Mrrh 2125 TTansf¢T UnreStted fynth.. (iettral fimds 241 J52 185.230 114,283 312299 241 J52 114283 Movtmpnts iti PU- 2025 Restricted fuDti%: A¢hi¢ving for ChTldren AlWAda Trwi Cherry Family FouThlation City BTidge Fowth8tion FU for HuDwnNeed HIng¢Y COW11 Henry Cknity KFC Youth Fournl&tion inndon ChurcFs RefiEee National Lthry- Co[[lliticS Gr kn)tthnAthrily- Propel TTh¢ Lill>,TruSI The tondon Boivughof Ncwham Sout¢r Charitabl¢ Trust IFK>rnas Wall TnLqi O&rr Re$tri¢ted DonHtiotss 312,299 33.492 33,492 14,733 38,785 41,235 14,733 38,785 35 41.200 7,600 11500 7.0 12,500 3.000 750 133,502 113,664 34,645 5,938 2.000 5.776 750 129.969 101,602 28,681 12.358 34.645 25.148 2,296 5,938 2,000 5,000 10.ooo 352.ISI 776 133012 4.$7.718 Total 3744
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOtllYTS for the year ended 31 Mareh 2025 (continued) 9b. Movement in Funds- 2024 Asall April 2023 Inwmel Ex11e l Losses Ag¥t31 Mah 2024 Tratsfer UNrestrired f. Cjenttral fithd$ 137.631 104,165 444 241 J.12 137ffj31 1041&4 444 241112 moventS in Fu- 2024 Restricted find%'. Achieving For Children Alborad& TnLS¢ 8¢m*lOngF(>wats0n Ch¢rry farrily FoudatIO Cily Bridge Fouryfation FthMI for Need Hari118ey C0ClI Hetjry Strrith Qiarity London c.hurches R¢rt¥¢ Fth National Louery- Aw9rd8 for All Nlltional Lottery- Rea¢hi]ECo]rrities New Philanlltropy NPC Post¢{¢ Soth¢ty.fnI The c11dhood trLtst The Great¢r kn)ndonAuthority. Pryl Th¢ i£ith Trust IAnbwy TL ioiKlon BoroiEh ofNewhm Ld0 Conmjnity FONIOn Th)Thas Wall IrLLSt w¢1 NeWh1SrrII Grarrts Prowa 23.968 30,000 I4,() 45.0 40.0(MJ 290 ,968 15.267 14.000 14.025 40,209 290 7,610 35.717 I,O(KJ 9,562 76.383 15,1)00 15,541 2,5UO 71408 5.0 17.690 46,W3 10,000 6.128 5,577 14,733 7010 244 35 10,717 25,U(M) 9.42 105,064 2&681 15,100 J5,S41 2,5(Kl 84.766 5.000 50,(SDO 46,993 10.000 5,0(K) 2J35 34ffj4S 776 525 49 441 IJJ 012 'rotal Full 441838 374J64
HOPE FOR THE YOUNG LIMITED NOTES TO THE ACCOUNTS for the year ended 31 March 2025 {continued) 10. Purpose of Restricted Funds Achieving f¥rchd- finlglow?rdS tlr mentori Progranx in RickrnI a1 Kijywn won llwncs Ali¥btsda TnLSt_ fill18 iowards the Grants Advooacy prOgran FodItIon- 1ngtOwards GraTs aT¥J Advocacy Progran Cherry F¥nwty Tr0widatio- fiuKfing towards Gr8ts Advocacy Pran City Bridge I,Trundatton- fiIngtoWards salaries ov¢rlth ofth¢ Mentoring PrOanr FUNI forHumn Need- lo srenton bur.%aricg HariJ¥ey CouKil. fiKling towards the provision of mentorin8 lo sw)porty)wE urnCWMplled r¢fiys and as)4unFseekers in H¢nry Smith Charity- ftndIngWards Ilr nNJning ¢05ty of tht Menknring Pro kTri Ythuth rioui0D- fiJnifTTg l(Jwards Mentoring PTtsm chu& Refugee Fund_ dingfor travel cards, f)d. toilctrieé and clothing for destit lgaSY11Tr$eekeT$ NatiDr41 knttery- AwaNb f(krAII. towards the rLUJni¢OSts of Mertoring Prograt[ne Nati(kl Lottery- Reachi CommuThities- filingtowardS core costs. at¥J salaries foi &r MentoringProrn in South LOj0n New PhÉlaDthmpy NPC- fiing tOW3ras rac11)E finala1 rd$hip Postto(k Society I'w¥t- flg towards M¢tttoringCootdiTMltor'5 salary in North Lotknn child1K Trll5t- fi18)Wards yothigrxople ler 18 swrrf)rt¢d byttr Grants and Advockw Prtskramn Ihe Gre2teri•Thloll Authority- Propel- ]ng is to e%paThJ and improve wn the (klivery of Hok for yoW'S Mentoring Progra1 Tl I1¥h Tru$t- fillmtingtowords expBnsionoflhe GrBtts aNI Advocacy ProgranllT Th¢ Llthbury Tnk%- FU1¥ WardS the Core work of Hope for thc YOWE ]lL118 tk Me]]toringaT)J GrarA5 and Advocaty ThE Btsroh of Newh&m- fwM1irgtowards th provision of nEntOritr SUPFrf)rty)illE r¢Ws asylumllseekers i Th¢ LO10 CommuNty bDuLthtion. futm11 to re8rOr TO the Imdiate inyaLts of tFr cOstr-ITVig crisls The sotr CknritalAt Truyt- fvrylins towards Ik Mentoring ProwaTnr TIK>mas WAII Trust- finJingtoward8 MenEorIng1kn8rani.8 ¢xpew5 Wel¢ome INtwhamSmk Crnnts fimdingrowards provisioRof nntoritJgto $wwrtY0rtfij&Tr5 aryi asylunF 5eek¢rs tn Newlu Ila, Analysis of net assets behveen funds - 2025 Fixed Ass¢ts Cyrrent Assets Inve$tmert8 CLrr¢nt Liabilities Total Unrestritted fund8: General funds Restricted funds: Others Tolal 319,590 {7,290} 312,300 27,445 339,745 347,035 Ilb. Anatysis of net assets between funds - 2024 Fixed Assets Current Assets Current Liabilities Invesbnents Total Unrestricted fimds: General fvThA5 Restricted fuThAs: Odrs Total 246.919 (5.565) 241.353 133.013 133,013 37
HOPE FOR THE YOUNG LIMITED INDEPENDENTEXAMINER'S REPORTTOTHETRUSTEES OF HOPE FOR THE YOUNG LIMITED I report on the accounts of the ¢harty for the year end¢d 31 March 2025, which are sel out on pages I I to 20. Respe¢tivt responsibilities oftrustees examiner The charity's trnstees are r¢sw)nsible for ihe preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an indendent examination is needed. It is my responsibility to= (i) ¢xamine the ac¢ounts under section 145 of the 2011 Acl. (li) to follow the procedures laid down in the generdl Directions given by th¢ Charity Commission under seetion 145{5)(b) of the 2011 Act. and (iii) to state whether particular matters have come to my attention. Ba8is of Independent examiner's rnport My examination was carried out in accordance with the general DitionS given by the Charity Commission. An examination includes a review of th¢ accoutIng records kept by the charity and a comparison of the accouiits presented with those records. It also includes consideration of any uiiusual items or dis¢losur¢s in tlie accounts and seeking explanations from you as Irust¢es Concerning any such matters. The procedures undertaken do not provide all thc evidence that would be required in an audit nd consequently no opinion is given as to whether the accounts present a 'lrue and fair view. and the report is limited to those matters set out in the next ststsment. Independent examlner's statement Your attention is drawn to the fact that th¢ charity has prepared accounts in accordance with Ac¢ounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has not been withdrawn. understand that this has t*en done in order for the accounts to provide a trne and fair view in accordance with Generally Accepted AoUl1t1J)g Practic¢ effective for reporting periods beginning on or after l January 2015. In connection with my examination, no other matter ¢xcept that referred to in the previous paragraph has come to my attention.. (a) which gives me reasonable cause to b¢lieve that in any material r¢spe¢t the requ1ments= (i) to keep accounting r¢cords in accordance with se¢lion 130 of the 2011 Act,. and
(li) to prepare a0llnts which cOrd with the accounting records, and comply with the &ccounting requirements of the 2011 Act. have not been m¢t or (b) to which, in my opitTrion, attention should be drnwn in order lo enable a proper undetst8nding of the accounts to be reached. Saeed Noury MAAT Membership number.. 10200024 22 Conduit Place, London. W2 IHS Date: 15 Decemb¢r 2025