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← Hope Housing (Bradford) Ltd

2025-05-31-accounts

Hope Housing (Bradford) LTD

Charity number 1132349

A company limited by guarantee number 06911577

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Annual Report and Financial Statements

for the year ended 31 May 2025

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WYCAS |
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Hope Housing (Bradford) LTD

Annual Report and Financial Statements for the year ended 31 May 2025

Contents Page
Trustees’ report 2to 5
Examiner's report 6
Statement offinancial activities 7
Balance sheet 8
Statement of cash flows 9
Notestotheaccounts 10to17

Prepared by West Yorkshire Community Accountancy Service ClO

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1

Hope Housing (Bradford) LTD Trustees’ report for the year ended 31 May 2025

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial yearand up to and including the date The trustees during the financial yearand up to and including the date the reportwas approved were:
Name Position Dates
Lara Oyedele Chair Resigned 16 September 2025
Priya Patel
Nadine Osujji :
Yvonne Falowo
Noel Kershaw Resigned 12 November 2024
Sofia Campbell Appointed 25 July2025
Charitynumber 1132349 Registered in England and Wales
Company number 06911577 Registered in England and Wales
Registered and principal address Bankers
Millside House The Co-operative bank
131 Grattan Road 6 Tyrrel Street
Bradford Bradford
BD12HS BD11RJ

Registered in England and Wales Registered in England and Wales

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Independent examiner Simon Bostrom FCIE West Yorkshire Community Accountancy Service ClO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 20 May 2009. it is governed by a memorandum and articles of association as amended by special resolution on 18 October 2010 and further amended on 21 January 2018 and 5 March 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.

Method of recruitment and appointment of trustees

The members of the charity may by ordinary resolution appoint a person who is willing to act as a trustee. Appointments to the board must always be made such that a majority of members will hold a Christian faith.

Hope Housing (Bradford) LTD Trustees’ report (continued) for the year ended 31 May 2025

Objectives and activities

The charity's objects

To reduce homelessness in such ways as maybe thought fit within the context of Christian values and practice, based on the biblical mandate to love our neighbour as ourselves;

To support, advise and accommodate the homeless and inadequately housed in partnership with local churches and other organisations and individuals as the trustees from time to time may think fit; To fulfil other purposes which are exclusively charitable according to the faw of England and Wales that are connected with the charitable work of the charity;

The charity's main activities

Our work with people experiencing homelessness in Bradford has continued to comprise a range of activities as follows:

Advice, support and advocacy for people who are homeless or at risk of homelessness, including those with no recourse to public funds.

Supported accommodation, delivered through our supported tenancies.

Recovery-focused support for clients facing homelessness alongside substance misuse, and mental or physical health challenges.

Strong partnerships with statutory services, voluntary organisations and churches to ensure coordinated support.

Volunteer training and opportunities, enabling local people to contribute to our work.

Managing the Millside Centre, including its enterprise initiatives and activity programmes.

We receive referrals from hostels, police, day shelters, drug and alcohol services, outreach and probation teams. We are well-respected across Bradford and have a proven track record of effective support and partnership working.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit published by the Charity Commission. ,

Achievements and performance

Our primary beneficiaries remain people experiencing homelessness with multiple and complex needs, including migrants, refugees and asylum seekers, individuals in mental health crisis, and those affected by substance misuse.

Over the past year, 94 volunteers supported our work, helping ensure beneficiaries could access a warm, safe space, essentials, food, advice, and holistic support. Through our services, people have accessed specialist help, reduced harmful behaviours, built supportive networks, and improved their ability to manage their home, health and finances. We have also supported individuals into education, training and employment, and helped them access appropriate mental health services.

In the last 12 months, we delivered over 4,300 hours of direct support, made 132 specialist referrals, and 150 people took part in events, trips and celebrations.

From Outcome Star assessments (Feb 2025) with housing support clients:

64% are taking positive steps with drug and alcohol misuse

58% show increased motivation

55% have stronger social networks and use their time more positively

52% are better able to manage their household and finances

3

Hope Housing (Bradford) LTD Trustees’ report (continued) for the year ended 31 May 2025

Achievements and performance continued

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93% feel happier, more confident, have better mental health and new skills

in March 2025, we purchased the Millside Centre, enabling future expansion, development of social enterprise, emergency accommodation, and increased provision for clients and the wider Bradford community.

Leadership & Staff: Phil Marshal resigned from the role of Chief Executive Officer in December 2024 from which time our Chair of trustees took on additional responsibilities until James Travis was appointed Chief Executive in September 2025. Millside Centre staff were TUPE from Reach Beyond into our employment in April 2025.

Plans for the future

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Hope Housing's main focus for the next year will be to ensure that the new team is delivering a quality service for clients and centre users alike. There are currently no strategic plans to deliver new services or activities.

Financial review

The net income for the year was £149,485, including net income of £207,571 on unrestricted funds and net expenditure of £58,086 on restricted funds after transfers.

Reserves policy

The Trustees have established as a matter of policy that the aim of the charity is to have reserves that represent three months operating costs of the charity. Based on current annual expenditure for the year that would require a reserve of approximately £151,200 in unrestricted funds.

The charity's free reserves are arrived at by starting with the total net assets £481,082 less restricted funds £51,215 less tangible fixed assets £479,070. This produces a negative figure (£49,203). However this includes the long term liabilities (mortgage) of £146,373. The charity's unrestricted net current assets were £97,170, this was effectively the charity's working capital.

The charity has implemented a review of current income and expenditure that has already increased income and reduced costs. The appointment of a new Property manager in the autumn of 2025 has led to a further review of client related income that will result in a significant increase in income in early 2026. This should enable the charity to both cover existing costs and build reserves as the next priority.

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Hope Housing (Bradford) LTD Trustees’ report (continued) for the year ended 31 May 2025

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Statement of trustees’ responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

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

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

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

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on A AD... 2026 Signed:a (Trustee) Name: NMadine..OS4ys.

5

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Hope Housing (Bradford) LTD Independent examiner's report to the trustees of Hope Housing _ (Bradford) LTD

| report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 May 2025, which are set out on pages 7 to 17.

Responsibilities and basis of report

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

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

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must bea fellow of a body

listed in section 145 of the 2011 Act.

1 confirm that | am qualified to undertake the examination because | am a fellow of ACIE which is one of the listed bodies.

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

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

Signed: i tn nein Name: Simon Bostrom FCIE

18/02/2026

West Yorkshire Community Accountancy Service ClO

Stringer House 34 Lupton Street ; Leeds LS10 2QW

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Hope Housing (Bradford) LTD

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 May 2025

Notes
2025 2025 2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Income from:
Donations and legacies (2) 60,142 447,122 507,264 251,195
Charitable activities (3) 429,392 - 429,392 419,682
Other income 16,984 - 16,984 17,357
Bank interest 1,560 - 1,560 1,579
Total income 508,078 447,122 955,200 689,813
Expenditure on:
Charitable activities (4) 529,991 275,724 805,715 631,771
Total expenditure 529,991 275,724 805,715 631,771
Net gains/(losses) on investments = - - -
Netincome /(expenditure) (21,913) 171,398 149,485 58,042
Transfers between funds (5) 229,484 (229,484) - -
Netmovement in funds 207,571 (58,086) 149,485 58,042
Fund balances broughtforward 222,296 109,301 331,597 273,555
Fundbalancescarriedforward (5) 429,867 51,215 481,082 331,597

All incoming resources and resources expended derive from continuing activities.

Hope Housing (Bradford) LTD Hope Housing (Bradford) LTD
Balance sheet
as at 31 May 2025 2025 2025 2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Fixed assets
Tangible assets (6) 479,070" : 479,070 69,604
Total fixed assets 479,070 - 479,070 69,604
Current assets
Debtorsand prepayments (7) 62,461 - 62,461 65,052
Cash at bank and in hand (8) 77,275 51,215 128,490 202,214
Total current assets 139,736 51,215 190,951 267,266
Current liabilities:
amounts falling due within one year
Creditors and accruals (9) 42,566 - 42,566 5,273
Total current liabilities 42,566 - 42,566 5,273
Net current assets/ (liabilities) 97,170 51,215 148,385 261,993
Total assets less current liabilities 576,240 51,215 627,455 331,597
Creditors: amounts falling due afterone year (10) 146,373 - 146,373 -
Netassets 429,867 51,215 481,082 331,597
Funds ,
Unrestricted funds 429,867 - 429,867 222,296
Restricted funds - 51,215 51,215 109,301
Totalfunds 429,867 51,215 481,082 331,597

For the year ending 31 May 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on Jaw Sa, wilO2h, sionea NYA (Trustee)

Name: Nadine OSUy.

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Hope Housing (Bradford) LTD Statement of cash flows for the year ended 31 May 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities:| |Net cash|provided|by (used|in)|operating|activities|340,590|34,426| |Cash|flows|from|investing|activities:| |Interest|1,560|1,579| |Purchase|of tangible|fixed|assets|(415,874)|(4,406)| |Net cash|provided|by (used|in)|investing|activities|(414,314)|(2,827)| |Change|in|cash|and|cash|equivalents|in|the|reporting|period|(73,724)|31,599| |Cash|and|cash|equivalents|at the|beginning|of the|reporting|period|202,214|170,615| |Cash|and|cash|equivalents|at the end|of the|reporting|period|128,490|202,214| |Reconciliation|of net movement|in funds to|net cash flow|2025|2024| |from|operating|activities| |£|£| |Net movement|in|funds|for the|reporting|period|(as|per|the|149,485|58,042| |statement|of financial|activities)| |Adjustments|for:| |Depreciation|charges|6,408|5,369| |Dividends|and|interest|from|investments|(1,560)|(1,579)| |(Increase)|/ decrease|in|debtors|2,591|(31,161)| |Increase|/ (decrease)|in|creditors|183,666|3,755| |Net cash|provided|by (used|in)|operating|activities|340,590|34,426| |Analysis|of cash and cash|equivalents|2025|2024| |£|£| |Cash|in|hand|3|-| |Notice|deposits|(less than|30|days)|128,487|202,214| |Total|cash|and|cash equivalents.|128,490|202,214|

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Hope Housing (Bradford) LTD Notes to the accounts for the year ended 31 May 2025

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

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Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale. Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Expenditure and liabilities

Expenditure is recognised on an accrual basis asa liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Leashold property: over the life of the lease or 50 years, whichever is the shorter. Project and office equipment: over 4 years

Pensions

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The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

10

Hope Housing (Bradford) LTD

Notes to the accounts for the year ended 31 May 2025

1 Accounting policies continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

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Hope Housing (Bradford) LTD

Notes to the accounts continued for the year ended 31 May 2025

2 Donations and legacies 2025 2025 2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Access Reach Fund - 9,000 9,000 -
ACTS 435 - 1,030 1,030 1,345
Benefact Trust - 11,900 11,900 11,900
Bernard Sunley Foundation - 50,000 50,000 -
Bradford College 500 - 500 -
Deli Fresh Ltd - 25,000 25,000 25,000
HenrySmith Charity - 70,000 70,000 70,000
incommunities Ltd - 650 650 -
Laing FamilyTrust - 25,000 25,000 -
Leeds Building Society - 25,000 25,000 - ,
National LotteryCommunityFund (NLCF) - 61,653 61,653 31,976
Santander - 150 150 -
Souter Charitable Trust - 3,000 3,000 -
Sovereign Healthcare 3,000 - 3,000 -
The Charity Bank - 75,000 75,000 -
The Church Urban Fund - 28,948 28,948 18,702
The ClothWorkers Fund - 50,000 50,000 -
York University Grants - 10,791 10,791 39,496
BUPA - - - 500
GarfieldWeston Foundation - -" - 16,500
Royal Mail Charity - - - 900
Otherdonations inc gift aid 56,642 - 56,642 34,876
. 60,142 447,122 507,264 251,195
3 Charitable activities income 2025 2025 2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Rentand service charges 429,392 - 429,392 419,682
429,392 - 429,392 419,682

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Hope Housing (Bradford) LTD Notes to the accounts continued for the year ended 31 May 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |4|Charitable|activities|expenditure|2025|2025|2025|2024| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |Salaries|NI|and|pensions|88,578|247,596|336,174|272,043| |Staff|travel|1,447|1,540|2,987|4,644| |Volunteer expenses|1,029|340|1,369|41| |Training|3,267|698|3,965|4,888| |Beneficiaries|housing|support|costs|298,450|1,325|299,775|245,449| |Beneficiaries|subsistence|costs|7,593|982|.|8,575|5,471| |Office|and|administration|23,354|3,151|26,505|9,925| |Phone|and|postage|5,086|78|5,164|1,986| |Insurance|3,704|831|4,535|1,627| |Payroll,|HR|and|recruitment|2,459|-|2,459|1,666| |Legal,|professional|and|consultancy|37,296|735|38,031|14,491| |Office|rent and|room|hire|13,202|5,803|19,005|8,679| |Repairs|and|renewals|33,390|9,347|42,737|41,794| |Independent|examination|2,400|-|2,400|1,518| |Fundraising|costs|1,015|-|283|1,298|1,461| |Trips,|events|and|activities|629|1,047|1,676|2,821| |Depreciation|6,408|-|6,408|.|5,369| |Bad|debts|-|-|-|2,248.| |Advertising|and|publicity|448|581|1,029|5,650| |Bank|charges|and|interest|236|1,387|1,623|-|;| |529,991|275,724|805,715|631,771| |4a_|Staff|costs|and|numbers|2025|2024| |£|£| |Gross|salaries|314,974|251,611| |Social|security|costs|21,904|20,677| |Employment allowance|(7,844)|(5,979)| |Pensions|7,140|5,734| |336,174|272,043|

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The average number of employees during the year was 12.2, being an average of 11.4 full time equivalent (2024: 11.6, 0 FTE). There were no employees with emoluments above £60,000.

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Defined|contribution|pension|scheme|2025|2024| |£|£| |Costs|of the|scheme|to|the|charity for the|year|7,140|5,734| |Amount|of any|contributions|outstanding|at|the|year end|1,333|-| |Amount|of any|contributions|prepaid|at|the|year|end|-|-|

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Hope Housing (Bradford) LTD Notes to the accounts continued for the year ended 31 May 2025

5 Restricted funds Balance b/f Incoming Outgoing Transfers Balance c/f
£ £ £ £ £
Access Reach Fund - 9,000 7,676 - 1,324
Benefact Trust 11,900 11,900 23,800 - -
Incommunities Ltd - 650 435 - 215
NLCF - 20,000 6,528 - 13,472
Millside Building Fund 4,484 225,000 - (229,484) -
Morrisons Foundation 23,640 - - - 23,640
The Church Urban Fund - 400 400 - -
ACTS435 243 1,030 300 - 973
DeliFresh Ltd - 25,000 25,000 - -
Garfield Weston 6,500 - 6,500 - -
HenrySmith 41,841 70,000 111,844 - -
Donations for ITsystem 833 - 55 - 778
NLCF 10,106 41,653 40,946 - 10,813
Church Urban Fund 2,655 28,548 31,203 - -
Santander - 150 150 - -
SirGeorge Martin Trust 484 - 484 - -
Souter Charitable Trust - 3,000 3,000 - -
York University 6,615 10,791 17,406 - -
109,301 447,122 275,724 (229,484) 51,215

Fund name Access Reach Fund Benefact Trust Incommunities Ltd NLCF

Millside Building Fund

Morrisons Foundation

The Church Urban Fund ACTS 435 DeliFresh Ltd Garfield Weston , Henry Smith Donations for IT system NLCF Church Urban Fund Santander Sir George Martin Trust

Purpose of restriction

Towards equipment purchases for the Millside Centre. Towards core costs for the Millside Centre. Towards the Job Club project costs. Funding towards a Community Connector outreach programme - connecting the charity to the wider community. Donations from various people towards the purchase of the Millside Centre. The transfer relates to the purchase of the property in the year. Towards the cost of converting a room at the Millside Community Centre into a temporary accommodation flat. Towards the costs of a support worker. Towards client support costs. Towards the charity's core costs. Towards the charity's core costs. Towards the charity's core costs. Donations from Bishop Radford fund and individuals towards IT licences. Towards the Community Connector costs. Towards Positive Pathways Worker costs. Towards expenses for volunteers. Towards starter packs and Millside centre costs.

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Hope Housing (Bradford) LTD Notes to the accounts continued for the year ended 31 May 2025

6 Tangible assets Freehold Leasehold Projectand Total
property property office
Cost £ £ £ £
At 1 June2024 - 69,609 18,767 88,376
Additions 408,150 - 7,724 415,874
At 31 May2025 408,150 69,609 26,491 504,250
Depreciation
At 1 June 2024 - 4,722 14,050 18,772
Charge foryear 1,361 1,092 3,955 6,408
At 31 May2025 1,361 5,814 18,005 25,180
Net bookvalue .
At 31 May2025 406,789 63,795 8,486 479,070
At 31 May2024 - 64,887 — 4,717 69,604
7 Debtors and prepayments 2025 2024
, £ £
Debtors 48,490 42,282
Prepayments , 12,665 8,327
Accrued income . - 13,843
Otherdebtors 1,306 600
62,461 65,052
8 Cash at bank and in hand 2025 2024
£ £
Cash at bank 128,487 202,214
Cash in hand 3 -
, 128,490 202,214
9 Creditors and accruals 2025 2024
£ £
Bank loans and overdrafts 1,948 -
Creditors ~ 28,690 150
Accruals 8,413 1,518
Taxation and social security 1,946 3,605
Other creditors 1,569 -
: 42,566 5,273
10 Creditors: amounts falling due afterone year 2025 2024
£ £
Bank loans and overdrafts © 146,373 -
oe 146,373 -

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Hope Housing (Bradford) LTD Notes to the accounts continued for the year ended 31 May 2025

11 Related party transactions

Trustee expenses

During the year one trustee was paid a total of £232 in respect of travel (previous year: Enil).

Trustee remuneration and benefits

Lara Oyedele is a Director of Lara Homes Ltd. Lara Homes Ltd raised invoices for £15,000 consultancy in 2024/25 (previous year £nil) of which £5,000 was unpaid at year end.

Payments were made with Charity Commission approval.

Remuneration and benefits received by key management personnel

The total employee benefits received by key management personnel were £89,994 (previous year: £72,813).

Other related party transactions

Noel Kershaw is a Director of Delifresh Ltd. Delifresh donated £25,000 in 2024/25 (previous year £nil).

Other trustees donated £394.

Lara Oyedele is a Director of SVH Inc. SVH Inc. raised invoices for £1,260 (previous year Enil).

12 Operating leases

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12 Operating leases
Expected future minimum lease payments overthe remaining life ofthe 2025 2024
lease, analysed into the period in which the commitment falls due:
£ £
Within one year 138,538 198,653
In the second to fifth years inclusive 170,812 223,301
Over five years from the balance sheetdate 22,853 -
332,203 421,953
13 Support costs 2025
Total
cost
Support cost type £
Governance ' 32,387
Finance 13,312
information technology 32,804
Human resources 35,864
General management and office costs 55,802
Consulatancy 22,756
192,925

Support costs are costs incurred to facilitate an activity. Unlike direct costs, which result directly from undertaking the activity, support costs do not change directly as a result of the activity undertaken. Support costs include the central or regional office functions, such as governance, general management, payroll administration, budgeting and accounting, . information technology, human resources and finance.

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Hope Housing (Bradford) LTD Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) | for the year ended 31 May 2025

2025 2024 2025 2024 2025 2024
Unrestricted Unrestricted Restricted Restricted Total ~
Total
funds funds funds funds funds funds
£ £ £ £ £ £
income
Donations and legacies
Charitable activities
Otherincome
Bank interest		 60,142
429,392
16,984
1,560		 31,924
419,682
17,357
1,579		 447,122
-
-
-		 219,271
-
-
-		 507 264
429,392
16,984
1,560		 251,195
419,682
17,357
1,579
Total income 508,078 470,542 447,122 219,271 955,200 689,813
Expenditure
Charitable activities		 529,991 476,191 275,724 155,580 805,715 631,771
Totalexpenditure 529,991 476,191 275,724 155,580 805,715 631,771
Netincome /(expenditure)
Transfers between funds
Netmovement infunds		 (21,913)
229,484
207,571		 (5,649)
-
(5,649)		 . 171,398
(229,484)
(58,086)		 63,691
-
63,691		 149,485
-
149,485		 58,042
-
58,042
Fund balances broughtforward 222,296 227,945 109,301 45,610 331,597 273,555
Fundbalancescarriedforward 429,867 222,296 51,215 109,301 481,082 331,597

17