**Charity Registration No. 1133284** **Company Registration No. 06877535 (England and Wales)** ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** **----- Start of picture text -----**
10 Bridge Street
Christchurch
Dorset
BH23 1EF
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**HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **CONTENTS** ||**Page**| |---|---| |Trustee report|1 - 6| |Independent auditor's report|7 - 11| |Statement of fnancial actvites|12| |Balance sheet|13| |Statement of cash fows|14| |Notes to the fnancial statements|15 - 33| **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Chief Executve Ofcer**|Mrs. J Bert| |---|---| |**Trustees**|Mr. G Underhill| ||Mrs. S Harvey| ||Mr J Adams| ||Ms C Gillingham| ||Mr G Hannam| ||Mr C Jamieson| ||Ms L Orchard| |**Charity number**|1133284| |**Company number**|06877535| |**Registered ofce**|10 St Swithuns Road South| ||Bournemouth| ||Dorset| ||United Kingdom| ||BH1 3RQ| |**Auditor**|TC Group| ||10 Bridge Street| ||Christchurch| ||Dorset| ||BH23 1EF| ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees present their annual report and financial statements for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”. ## **Public Benefit Statement** The Board of Trustees are satisfied that they have fully complied with the duty in section 4 of 2011 Charities Act to have due regard to public benefit guidance issued by the Charity Commission, and that the mission, aims and activities of Hope Housing, Training and Support Ltd meet with these criteria. ## **Objectives and activities** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and Performance** ## **Residents Supported through the year** During 2024, Hope Housing housed 192 residents. We have successfully moved on into independent living over a quarter of these residents. Over half of these residents have been awarded PIP. Improving an individual’s finances and supporting their structure and purpose enables the resident to sustain a long tenancy that allows them to work on themselves and build a better future. Hope Housing offers the following support to all residents: - Experienced qualified support team, delivering unique support model. - Health and Well Being Coach to monitor health issues weekly. - Supporting residents to access the correct benefits. - Weekly counselling service - Weekly Personal Development workshops - Weekly group activities (bingo, quiz, walk and talk, bike project, - cookery classes, life skills singing lessons and art) - Weekly football team/training - Weekly volunteer and educational workshop - 10 for 10 move-on scheme supporting residents financially to move on into independent living. - - Volunteering opportunities, soap making and charity shop and maintenance. - Supporting learning needs with ‘Read Easy’ weekly - Weekly food donations from Pret, Waitrose and Aldi. - - Food bank vouchers, clothing vouchers, shoe vouchers. Our evidence shows that the amount of relapse evictions continues to decrease from the last year. The number of residents that volunteer and have structure has increased. This would explain why our relapse evictions are less because more residents have structure, giving them purpose. This reflects well on the support team as it shows they are focusing on giving the resident a purpose, building on the resident’s self-worth and self-esteem. - 1 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ Less residents left Hope Housing during this year compared to last. Improving residents benefit status and applying for PIP, has also had a positive impact. Residents can sustain their tenancy financially and stay in their accommodation longer. The support team need to continue with their focus being to assess the resident’s financial situation and support structure and purpose. ## **Clients Needs** We have residents with very complex needs hence the need for good support in a way which suits the needs of the individuals. One or more of our residents suffers from the following conditions, Anxiety, PTSD, Bipolar, Psychosis, Suicidal thoughts, Cancer, High Cholesterol, Epilepsy, Asthma, Emotional unstable personality disorder, ADHD & DVT, COPD, leg Ulcers & DVT, Heart Disease, Arthritis, Autism, Gambling Addiction, Drug Addiction, Alcoholism, Aspergers, Dyslexia/Dyspraxia, Schizophrenia, Poor Vision, Chronic Pancreatitis, Hearing Impairment, diabetes, Brain injuries or HIV Positive. We sign post clients to the local partners who assist with Mental health and drug and alcohol abuse. We also make sure they are receiving the correct benefits and help them with applications and attending interviews and appointments. We look at the benefits of the resident receiving Counselling through Hope Housing or through specific facilities like Cruse, Bereavement, Stars or Steps to wellbeing. ## **Funding** We raised £207k for 2024 compared with (£165k 2024) from some very generous trusts and donations to pay for the person-centred support we give to all our residents through many different initiatives and projects. Hope also benefits from a CIC called Hope and More which runs a Charity shop based in Southbourne of which all profits go towards the support of residents. We also give free £20 vouchers to residents and local community agents in the area to allow vulnerable persons to buy clothes for free in the shop. The CIC also includes Hope Soap which is sold online and through market stalls with the principal of buyonegiveonesoap meaning every bar sold means a bar is donated to our partners such as our local foodbank in the area providing toiletries to those in need. Our efforts to produce our own income helps us match fund projects with funders and gives social awareness to what we do in the community. ## **Financial improvements in 2024** After securing a 3 year grant from the National Lottery in 2023 and several 2 year small grants we entered 2024 with a guaranteed £110k. ## **Events** During 2024 we celebrated Hope Housing’s 15th Year Anniversary Open Day. We also took some residents to Helsinki in November to research how they have conquered homelessness, visiting the Y Project and several other sites. Clint Taylor ran the London Marathon raising funds for Hope Housing. The Footprints project came and provided extra craft lessons for our female residents. Sen4 team came and volunteered with soap making and maintaining our gardens, as well as the Mandelez International sales team. We had radio and media coverage with the BBC. The Director of services launched a monthly Podcast interviewing members of the community. Celebrated Halloween and Christmas with events and Christmas presents for the residents. - 2 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **The Soap Kitchen** The soap kitchen is busy, busy, busy. We have been fortunate to have been picked as one of the New Forest Show’ We have increased to 7 retail outlets now stocking our soap and hope to add to this more in 2025 as we think this is the future for our Soap. We have also attended Craft Fairs in Romsey, Salisbury, Lymington and Ferndown and Highcliffe Craft Festival. All profits from this venture go towards supporting residents and providing a bar of soap to vulnerable adults across Dorset in need of toiletries. We have developed our range and are looking for a location to provide Soap making courses. ## **Corporate and community Partnerships** We have been concentrating on more corporate partnerships in 2024/25 and hoping to work more with local businesses in our area to help them understand the needs of our residents and the good influences they can make both for us and their business and staff. We work in partnership with the Bournemouth, Christchurch and Poole Council Homelessness Partnership and its 56 members alongside Homelands the prince of Wales Homeless prevention Charity. Our corporate connections have thrived in 2024/25 with more companies getting involved in volunteering or raising funds through events and more corporate funding through funding applications has been received. ## **Financial review** Incoming resources for the year were £1,604,420 (2023 - £1,458,077) and resources expended were £1,505,706 (2023 - £1,457,056), resulting in a surplus for the year of £98,714 (2023 - £1,021). ## **Reserves policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will beable to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The trustees consider that the ideal level of reserves would be £75,656. Hope’s Reserves for 31/12/2024 were £398,238 of which unrestricted was £121,382. - 3 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Risk Management** The Trustees have a risk management strategy which comprises: - An annual review of the principal risks and uncertainties that the Charity face. - The establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and - The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has identified that financial sustainability is the major financial risk for charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison of bank transactions, and active management of trade debtors and creditors balances to ensure sufficient working capital by the Charity. Attention has also been focussed on non-financial risks such arising from fire, health and safety, staff training and IT Systems. These risks are managed by ensuring accreditations are up to date, having robust policies and procedures through our ISO9001 quality system and regular training of staff in these operational areas. ## **Objectves for 2025** To continue to maintain consistency and improve the service we provide wherever possible. Keeping staff trained on the latest theories and facilities out there to help our residents. To continue to encourage and motivate our residents to work towards regaining control of their lives and to making positive changes towards independent living and a healthier lifestyle. To continue to build on relationships with our local community so that we can help each other to make a better future for residents. To continue to liaise with external agencies with a view to offering new Training and Further Education opportunities. To instigate a refurbishment plan in 2024/2025 on some properties to make them more environmentally friendly and cost efficient while making changes to help residents have a great stay in our properties with the facilities they need. To continue to listen to our residents and improve the service we provide by one-to-one interview, anonymous surveys and our residential panel who represent the residents’ views. - 4 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **TRUSTEE REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Structure, governance and management** The charity is a company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr. G Underhill Mrs. S Harvey Mr J Adams Ms C Gillingham Mr G Hannam Mr C Jamieson Ms L Orchard All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. Under our ISO9001 quality standard work all our HR policies and procedures along with Trustees welcome packs and trustee training has been audited. Hopes Support costs are not funded by the Local Government and has to be paid for by Donations. Hope has had all its job descriptions reviewed and pay levels adjusted accordingly inline with market rates. This has caused an increase in wages of 5% in January 2023 and 4% in 2024 and all staff are on the living wage or above. We are aware of the cost-of-living crisis and are monitoring this closely with our staff to help anyone who may get into financial difficulty during this period. Trustees feel this will now offer us stability in staff and a prominence in the local market place when recruiting in the future. We have had 2 new staff, 3 left, one was a part-time role which another member of staff took on. One replaced in January 2025. Hope works across Bournemouth and Poole within thirteen properties and 94 beds available to vulnerable adults from 18 years to 65 years of age. Hope liaises with all the local charities and organisations providing services relating to our residents to provide individual tailor-made support packages. Hope also to liaise with the local Prison services, probation and treatment centres although these are not necessarily in Bournemouth and Poole as they cover the Dorset, Devon and Cornwall area. - 5 - Draft Flftand)I Ststement5 at 30 Sept•)*er2025 at 14JITrAJ HOPE HOUSING, TRAIIIING AND SUPPORT LTD TRusfEt REPOAT{INCWDING DIRErnRS' AEPORY) {CONTINUEDI FOR 711EYEAR ENDED31 Dec£AIoERZOZ4 Statsm•nt olTrusts¢ re$ponth1￿1•1 The truytees, are a15D the directors of Hope Hou51n& Tralnlnl And Support Ltd for the purpose ol company law are resp¢)nslble for prep8rln8 the Trustee Report and the fi￿n(l41 ststements In at¢OTdance wlth •ppllr4ble law and ljnltéd Ktnqdorn Ac(outhllnB Standards Iunlted Kln8dom Generally kcepted Puountlni Company Law requlre$ the trusteas to prepare flnandal statements for eath thnan¢lal year whlch Blve a true nd hlr vlew of th8 Statè of affalrs of the charlty and of the Incornlw re$￿jr¢es gnd ippllcatton of rn$our￿, Inclurfln8the kncome and e%Fendlture, of the charftabl¢ company for thgtyear. In preparlni these flnanclal Statements, the vustÈes are requlred to,. - select sultible i¢¢ountln8 pollcles Ind thin Hppfythem ￿n11tten1￿. . obs•rve the method5 Ind pthdplqs In thp Charllles SORP; . m4k¢lud8•mgnts ind •stlm8tes that •r¢ rebsona￿e and prudent,. st¥te whether appllc4bl¢ accountln8 Standards h*¢ been folIowe4 sublert to #ry matsrtal dI￿rtUreS dlsclosed and explaln8d In the finandal ststements; Jnd preparn the finandal Statements on the Kolni ¢oncem basls vnless It Is In4pproprlate to P￿sum8 that the charty wlll contlnue In operntlon. Thi trustees are ￿SpOnsIble for keepln8 èdequbte accountlng r¢coTds thatdls¢loJe wlth rn4soMbl• •c¢ur•ty •t any tlme the flnandal poslU¢n of the char￿Y ond enable them to ensure that the flnanclal statements compty wlth the Companles Act 21106. Thty are alsty respons1b￿ for $8feguardlng the assets of the charlty and hen¢e forta￿D9 reasomble steps forthe pr¢venllon and dgtectlon of fraud and other Irr•8ularlll?s, Ixthre of Infomiadon ts •udltor In so f4r as the tNStees3re aware,, there Is no relevant audlt Snlomi4tlon ol whl¢h the charltable comp•nl$ 4udltor Is unaware; and the trustees have 18ken all steps that they ou8ht to have la*en to make thernsel￿ aware of any relevant audlt Informatlon and to establlsh that the audltor Is aware of that Informallon. TheTrustee reportW8s approved bythe Bo•rd of Trustee& G Vnderhlll Datsd;W.....s& -, >*zS ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE MEMBERS OF HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **Opinion** We have audited the financial statements of Hope Housing, Training And Support Ltd (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). - In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. - - - 7 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE MEMBERS OF HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of our audit: - the information given in the Trustee report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and - the directors' report included within the Trustee report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustee report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustee report and from the requirement to prepare a strategic report. ## **Responsibilities of trustees** As explained more fully in the statement of Trustee responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. - 8 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE MEMBERS OF HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **Auditor's responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: - 9 - ## **HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE MEMBERS OF HOPE HOUSING, TRAINING AND SUPPORT LTD** ## **Extent to which the audit was considered capable of detecting irregularities, including fraud** The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows: - We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with the trustees and other management (as required by auditing standards), and discussed with the trustees and other management the policies and procedures regarding compliance with laws and regulations; - We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102, Companies Act 2006 and the Charities Act 2011) and the relevant charity regulations in the UK; - We considered the nature of the industry, the control environment and the charity's performance; - � We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit; - We considered the procedures and controls that the charity has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council’s website at: htps:// www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilites-for-audit/Descripton-of-auditors-responsibilites-for-audit.aspx. This description forms part of our auditor’s report. - 10 - HOPE HOUSING, TRAINING AND SUPPORT LTD INOEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE MEMBER5 OF HOPE HOUSING. TRAINING AND SUPPORT LTD Use of our report Thi5 report Is made solely to the charltable company's members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertakèn $0 that we mlght state to the ¢harltable company's members those matters we are requlred to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or a55ume responslblllty to anyone other than the challtable company and the charltable company's member$ as a body, for our audlt work. for thls report, or for the oplnions we have formed. Lucy Fller FCA (Senlor St*utory Audltorl for and on behalf of TC Group Statutory Audltor Office.. Chrlst¢hyrch 30 September 2025 11 HOPE HOUSING,TrAININGANDSUPPORT LTD ATEMENTOF FINANcIALA￿1v￿IES INCLUDING INCOME AND EXPENDITURE ACCOUI FOR THE YEAR ENDED31 DECEMBER2024 Unrestrirted Restricted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Notes Intome from.. Donations and grants Charitable athvities 3,335 1.397.561 203,524 206,859 1.397.561 29,802 1.293,002 135,273 165,075 1.293.002 Total Income 1.400.896 203.524 1.604.420 1.322.804 135,273 1.458,077 Charitable activities 1,363,739 141.967 1,505,706 1.369,912 87.145 1.457,056 Net Incomln8 resources before transfers 37,157 61,557 98,714 147,1081 48,128 1,021 Gr055 transfers between fund5 863 18631 5,590 15.5901 Net Income for the yearl Net rnovement In funds 38,020 60,694 98,714 141,5181 42,538 1,021 Fund balances at I January 2024 198.CQ8 101.516 299.524 239,526 58.978 298,503 Fund balantès at 31 Detember 2024 236.028 162.210 398.238 198.L 101.516 299.524 The statement of linancial activities includes all 8ains and10s5es reco8nised in the year. The statement of frnancial achvities include5 all 8ains and Io55es reco8nised in the year. All income and expenditure derive from continuing activities. The statement of tinancial acriviti.es also complies wilh the requirements for an income and expendr(ure atcount under the Companies Act 2006. 12- Draft Financlal Ststements at 30 September 2025 al I4:50￿3 HOPE NOU￿NG, TRAiNING AND SUPPORT LTD BALANCE SHEEr ASAT31 DECEMBER 2024 2023 Axed assets Tan8lble assets 494.890 503,558 Cuirent assets Stocks Debtors sh ai bank and In hand io 126,976 188,886 94,699 104,720 320,862 199,419 Crethows: amounts falllry wlthln t year 1247,0741 1210,2331 N¢t tyrr¢rt assÈt4Ul•bllltlèsl 73.788 110,8141 Totsl wets Itss turrent Il*bblltles 568.678 492,744 Èdltovs: amourti l#lllnK dut aft•r than year 13 1170,4401 1193,2201 N¢t IM¢ts 398.238 299,524 The lunds olthe th¥TIty Restrlcted Income funds Unrestrlcted fund5 162.210 236,028 101,516 198,008 17 398.238 299,524 The nn8ncial 5tatement5 werE approved tty the trustees on... G Underhill Comparry regfistration nUM￿r0687753s (England and Wales) 13- HOPE HOUSING,TrAININGANDSUPPORT LTD ATEMENT OF CASH FLOWS FOR THE YEAR ENDED31 DECEMBER2024 2024 2023 Notés Cash flows from operatlng actSvltles Cash generated from operations 22 139.850 130.882 Investtng artlvltlès Purchase of tangible lixed assets Proceeds from disposal ol tangible fixed assets 134,4901 129,7591 875 Net cash used In InvesdnB ath¥ltles 133,6151 129,7591 Flnancln8 actlvltles Repayment of borrowin8S Repayment of bank loans Payment of hnance leases obliga￿on$ 111.1511 110,9181 140.9261 110,2061 11651 Net cash used In flnantlng actlvltles 122.0691 151,2971 Net Incr•as• In cash and cash equlvalents 84.166 49,826 Cash and cash equivalents at be8inning ol year 104,720 54,894 Cash and cash equlvalents at end ol year 188,886 104,720 14- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED31 DECEMBER2024 Accountln8 pollcles Charlty Informatlon Hope Housing. Training And Support Lid is a charitable company limited by guarantee incorporated in England and Wales. The re8lStered oflice is 10 St Swithuns Road South. Bournemouth. Dorset. BHI 3RQ. United Kingdom. 1.1 Accountfjn8 conventfjon The hnantial statements have been prepared in accordance with the charity's Èovernine document, the Companies Act 2006 and -Aecounring and ReporDng by Charities.. Siatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021- las amended for accountin8 periods commencin8 from l January 20161. The charity is a Public Benefit Entity as delined by FRS 102. The accounts are prepared in sterlin8. which is the functional currenry of the charity. Monetary amounts in these linancial statements are rounded to the nearest pound. The accounts have been prepared under the historical cost conventlon. The principal accountlng pollcles adopted are set out below. 1.2 Golng concern To date the charlty has received flnancial support from DK8 Leaslng Limlted In the form of an Interest free, unsecured loan, which the charity has used to invest in its hxed assets and fund its charitable actpjities. The trustees have received assurances from OK8 Leasing Limited that they will not seek repayment olthe loan if it would be detrimental to the ability of the charity to conts'nue to operate. The continuin8 operations ol the charity are expected to generate positive cashflows and hence with the continued support from DK8 Leasing Limited, the trustees are satisfied that the charity will have suflicient resources to continue to q)erate for the foreseeable future. Accordingly the trustees continue to apply the 80in8 concern assumption in the preparation of these linancial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to Specific conditions by donors as to how they may be used. The purpvses and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incomlng resources Income Is recognised when the charity is le8ally entitled to it after any performance conditions h&e been met, the amounts can be measured reliably. and it is probable that income will be received. 15- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 Accounting policies Icontinuedl Income from charitable activities ￿lateS to renial incomes receivable on the provision of accommodakn.on tts residents in furtherance of the charity's objects. Fees and grants for service provision are accounted for on the basis of the amount receivable lor the year with income recognised in the year in which this supply is made. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notilied of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Resources expended Expenditure 15 recognised once ihere 15 a le8al or con5trurtive obli8ation to transfer econornic benelit to third party, it is probable that a transfer of e¢onomi¢ benefits will be required in settlement, and the amount of the obligation ¢an be measured reliably. Expenditure is classifi.ed by activity. The cosis of each 3cn.vity are made up of the total of direct costs and shared costs. including support cosis involved in undertaking each activity. Dirett costs attributaLle to a single activity are allocated directly to that activity. Shared costs which contribute to more than one acttvity and support costs which are not attribuiable to a single athvily are apportioned between those aCtivi￿e5 on a basis consistent with the use ol resources. Central staff costs are allocated on the basis of timespent, and depreciation charges are allocated on the portion of the asset's use. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activthes and services for its beneliciaries. It includes both costs that can be allocated directly to such activkn'es and those costs of an indirect nature necessary to support them. All expenditure is reco8nised once there is 3 le8al or constructive obli8ation to the expenditure, it is probable settlement is required and the amount can be measured reliably. All cost5 are allocated to the applicable expenditure heading ihat ag8re8ate similar costs lo that calegory. Where costs cannot be directly attributed to particular headin8S they have been allocated on a basis consistent with the use of re%)urces, with central staff costs allocated on the basis ol time spent. and depreciation charges allocated on the portion ol the asset'5 use. Other support cost5 are allocated based on the spread of staff costs. All resources expended are inclusive of irretover3ble VAT. 16- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 Accounting policies Icontinuedl 1.6 Tanglble flxed assets Individual fixed assets with a life expectancy of 3 years or more and of a capital nature. are initially recorded at cost. less any subsequent accumulaled depreciation and Subsequent accufflulated impairment105se5. Depreciation is provided on tangible lixed assets so 3$ to write off the cost of valuation, less any estimated residual value, over their expected useful economic life as follows.. 24 Library Road Outdoor Classroom & Office Fixtures. Fittings & Equipment Motor Vehicles New offi¢e Refurb l(KJ years straight line 10 years strai8ht line basis 3 year5 Straight line ba515 4 years straight line basis 25 years straight line basis 10 years straiBht line 1.7 Stock5 Stocks are stated at the lower of cost and estimated sellin8 price less costs to complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringin8 the stocks to their present location and condition. Items held lor distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated sellin8 price less all estimated Costs of completion and costs tc* be incurred in marketing, selling and disiribution. 1.8 Cash and cash egulvalents Cash and cash equivalents ¢omprise cash on hand and ¢all deposils, and other short.term highly liquid investments that are readily conver￿bIe to a known amount ol cash and ale subject to an insignifitant risk of change in value. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. ol FRS 102 to all of its th"nancial insirumenis. 8askflnonclala$5ets Trade debtors. loans and other receivables that have lixed or determinable payrnents that are mt quoted in an active market are classilied as 'loans and receivables,. Loans and receivables are measured at amortised cost usin8 the effective interest method, less any impairment. Interest is recognised by applyin8 the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. 17- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 Accounting policies Icontinuedl BaskJlnunclal Ilubllllles Trade creditors. loans and other payables thai have fixed or determinable payments that are not quoted in an active market are classified as 'loans and payables.. Loans and payables are measured at amortised cost using the effective interest method, less any impairment. Interest is recognised by apptying the effective interest rate, except for short-term payables when the recognition of interest would be immaterial. 1.10 Employee benelits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terrnination benefits are recogni5ed immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefit5. 1.11 Rètlfèmènt benèllts Payments to defined contributr'on retirernent benefit scheme5 are charged a5 an expense as they fall due. Rentals payable under opeiattng leases are charged in the ststement of hnantlal at￿Vi￿eS on a stralght Ilne basis over the lease term. Crltl¢al a¢¢ounfjn8 ¢StlmatÈs and judgèmènts In the applIca￿On of the charity's accoUn￿ng policies. the trustees are required to makè judgements, estimates and assumptions about the cairying amouni of assets and liabilities that are not readily apparent from other sources. The estlmates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may vary from these estimates. The estimates and underlyin8 assumptions are reviewed on an ongoin8 basis. Revisions to accounting estimates are recognised in the period in which the estimate is r￿lSe￿ where the revision affects o)ly that period, or in the period of the revision and future periods where the ￿lsiOn affects both current and future periods. The trustees have considered whether there are any critical judgements required in the preparation of these accounts and have concluded that there are none requirin8 disclosure. 18- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 Income from donatlons and legacles Unrestrfcted Restricted funds funds 2024 2024 Total Unrestrirted RestrScted funds funds 2023 2023 Total 2024 2023 Donations and gifts 3,335 203,524 2[￿,859 29,802 135,273 165,075 Income from charftable actlvStle5 Unrestrlcted funds UnrestrScted funds 2024 2023 Rental income 1,397,561 1,293,IX12 19- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 5Charitsble activities Total 2024 Total 2023 Staff cost5 Depreciation Rental expense Rates Light and heat Equiprnent repairs and renewals General maintenance 410.556 42.414 668.924 39.128 86.332 10,178 58.780 33,293 5.982 25.721 18.225 3.509 7.823 10.755 4,002 3.638 9,274 18.653 15,2791 10.847 27,726 10.955 414.206 41,882 603.423 26,003 95.348 7,039 65,099 24.642 8,2S9 19.997 13,721 4.908 683 10.473 2,034 3.675 15,773 18,652 20,704 11.567 37.689 9.065 48 2,167 Insurance Prlnting. postage and stationery Subscriptions Telephone Cleanin8 Advertising Accountancy lees Le8al and professional Consultancy fees Travel and Subsistence Breakfast club for residents Bad debt provision Loan interest Project expenses Sundry HP interest Bank charges Loss on disposal ol tixed assets 3.798 472 1.505.706 1,457.057 Analysls by fund Unrestricted fund5 Restricted funds 1,363,739 141.967 1,369,912 87.145 1,505,706 1,457,057 -20- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 Trustees None of the trustees lor any persons connected with them) received any remuneration, reimbursement of expenditure or benefits from the charity during the year. No donations were made to the charity from any of the trustees during the year. The Trustees deem themselves as the only key management personnel within the charitv. Employees The avera8e monthly number of employee5 durin8 the year wa5-. 2024 Numbèr 2023 Number 18 18 Ernployment Costs 2024 2023 Wages and salaries Sotial security costs Other pension costs 370,140 30.851 5,926 369,933 25.514 8,696 406,917 404,143 No employee received emoluments of more than £60,iK(I durin8 the current or the previous year. There were no employees whose annual remuneration was morè ihan £60,CW. RemunÈratlon of key management pèrsonnèl The remuneration of key management personnel w35 as follows= 2024 2023 Aggregate compensats.on 47.120 40.768 Taxation The charity is exempt from taxation on its attivities because all its income is applied for charitable purposes. 21- mo or> tyo Ln ry> 0*0 HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 10 Debtors 2024 2023 Amounts fallln8 due wlthln one year: Accounts receivable Other debtors Prepayments and accrued incorne 47,238 8,198 71,540 20,781 10,084 63,834 126,976 94,699 Included in prepayment5 and accrued income is accrued income of £197.503 which relates to donation5 awarded and recogoni5ed in the year endin8 31 December 2024, with monies not received until after year end. 11 Stocks 2024 2023 Finished goods and 8tstsds for resale 5.IXIO 12 Credltors: amounts fallln8 due wlthSn one year 2024 202a Notes Bank loan- mortgage Other loans- DKB Leasing Limiied Other taxation and social security Accounts payable Other creditors Accruals and deferred income 14 14 10,918 12,OCK) 19,019 61,309 89,697 54,131 10,207 12.000 22,336 45,8S6 68,753 51,081 247,074 210,233 The bank loan is secured against the property owned by the charity. -23- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 13 Credltors: amounts fallln8 due after more than one year 2024 2023 Notes Bank loan - mortgage Other loans- DKB Leasing Limited 14 60,107 110,333 71,736 121.484 14 170,440 193,220 The bank loan is secured against the property owned by the charilv. 14 Loans and overdrafts 2024 2023 Bank loan5- mortBaBe Other loans 71,025 122,333 81,943 133,484 193.358 215,427 Payable within one year Payable after one year 22.918 170,440 22.207 193,220 Bank and other loans on which security has been Biven by the Charity totalled £71,02512023- £81.9431. The mort8a8e loan is repayable over IS years from December 2014 to November 2029 by monthly instalments and carries an annual interest rate of 4.5%. Durin8 the year endin8 31 December 2024, a loan agreement was entered into with DKB Leasin8 Limited. The repayment terms have resulted in EIIO,333 bein8 reco8nised as due over more than one year12023 £121,484). Annual interest of 3% is bein8 charged on this loan. -24- ID (o O ¢D C¥ CTr O C4) Ln 0 Ln 0￿0 ty r* m A o Lrt Ln Ln v U¥ 0 * Ln r4 ry rytr C £ VJ c wo c>c LL £ v ffj o r￿ o I g4111 1 HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 16 Ret5￿ment benefit schemes 2024 2023 Defined contributlon sthemes Charge to profit or loss in respect of defined contribution schemes 5,926 8,696 The charity operates a delined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 17 Unrestrirted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and 8rantor5 as to how ihey may be used. These include designated funds whi¢h have been set aside out of unrestri¢ted funds by the trustees for specific purptyses. At ljanuary 2024 Incomln8 resources Resources expended Transfers At31 December 2024 General funds 198.¢J)8 1.4CiI.896 11.363.7391 863 236,028 Prevlous year: At ljanuary 2023 Incomlng resour¢es Re50urces exp¢nd¢d Transfers At31 Dètèrnber 2023 General funds 239.526 1.322.804 11.369.9121 5.590 198.008 18 Analys5$ of net assets between funds Unrestrlcted funds 2024 RestYl¢ted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assets1lliabilitiesl Lon8 term liabilities 494,890 188.4221 1170,4401 494,890 73.788 1170,4401 162.210 236,028 162,210 398,238 HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 18 Analysis of net assets between funds Icontinuedl Unrestrlrted funds 2023 RestrlctÈd funds 2023 Total 2023 At 31 December 2023: Tangible assets Current as5et511liabilitiesl Long term liabilities 503.558 1112.3301 1193.2201 503,558 110.8141 1193,2201 101.516 198,¢J)8 101,516 299,524 19 Flnanclal commltmentS• 8uarantees and iontlngent Ilabllltles The Talbot Trust has a proportlonal charge over the property at 24 Library Road Poole. In the event that thè property is either sold or no longer used for its chaiitable purpose an amount would be owed to the Talbot Trust ai a value proporttonal to the contributfon the Tiust made to the purchase 0124 Library Road Ibeing £55.000 01 £242.2371. 20 Operatln8 lease commltments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operatin8 leases, which fall due as follows.. 2024 2023 Withln one year Between two and five years 677.493 1,915,033 240.487 223,494 2,592,526 463,981 Durin8 the year £668,92412023- £603,422) of lease payments were reco8nised a5 an expense. 31- HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 21 Related party transacilons The CEO of the charity is a director and person of significanl control of DKB Leasing Limited. DKB Leasing Limited established the charity in 2(￿ to enable supported hou5in8 to continue after the loss of sw)ported people funding. During the year the charity paid rent totalling £636.85712023 - £571.6021 to DK8 Leasing Limited. During the year the Charity received £nil12023- £nill in unrestricted donations Irom DKB Leasing Limited. At the year end the charity owed DKB Leasing Limited £155.75612023 £169,653). of this £28,63212023 £28.6321 was within accruals. This amount has atcrued over a period sinte conception through differing rent payments to enable the charity to support its core running costs and has increased during the year. Part of the future development plans for the charity is to formalise a repayment plan. The CEO of the charity is also a directof and person of significant control of Hope & More Communf(y Interest Company. Hope & More Community Interest Company was established in 2019 to support and make more profitable several community projects in the area, to involve more volunteers and to enable more community mernbers to benelit from their facilities. Durin8 the year the charity received £nil 12023 - £4,1041 in unrestricted donations from Hope & More Community Interest Companv. 22 Cash generated from operndons 2024 2023 Surplus for the year 98,714 1,020 Adjustmènts for.. Depreciation and impairment of tangible lixed assets 42,384 41,882 Movements in workin8 Capltal: Ilncreasel in stocks Ilncrea5el/decrease in debtors Increase in creditors 15,LXKJI 132,2771 36.029 39,083 48.897 Cash generated from opernttons 139.850 130.882 HOPE HOUSING,TrAININGANDSUPPORT LTD NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED31 DECEMBER2024 23 Analysls of changes In net Idebtllfunds AtiJaThuary 1024 Cashkn At 31 De￿mber 2024 Cash at bank and in hand 104,720 84,166 188,886 Loan5 falling due within one year Loans falling due after more than one year 122.2071 1193.2201 17111 22,780 122.9181 1170.4401 1110,7071 106,235 14,4721