2024-03-31-accounts

Chaflty r•ghtr•tlan numb•r 1137686 Company r•ql•tr•llon number 07309173 (England and Wal•s) HOPE INTO ACTION UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HOPE INTO ACTION UK LEGAL AND ADMINISTrATIVE INFORMAnON Tru•t•o8 The Reverend Mr3 D TKlbaH (Chalr) Mr l G Billage Mrs J Hunte Mr H J Kettel Mr P J Magowan Ms R Mathew Mrs D J Nash Mrn M D Smilh (Appolnted 16 July 2023) (Aprx)inted 20 November 2023) Secr•tary Mr M Oldaker Ambauador Mr E Walker MBE Exe¢ullv• t•am Jon Kuhrt, CEO Kate Dor8n-Smith, Hgad of Net Mark Oldaker, H8ad of Opgratlons Dee Midgley. Head of Supporter Rdatky Charfty numb•r 1137686 Company numb•r 07309173 R•gl•t•r•d offlc• 26 North Street P8terborough United Kingdom PE12RA Audltor Azets Audtt Serylce8 W88lpolnt Potertjorough Cambrldg8shlre Unlted Klngdom PE2 6FZ B•nk•rn Uoyds Bank plc 85 Hlgh Street Slamft)rd LIn￿lnshiro Unlted Klngdom PE9 2AT CAF Bank 25 Klngs HRI Av8nUO West Malllng K•nl Unlt8d Klngdom ME19 4JQ The Ctroperatlv8 Bank Busln8ss Customer ServFces P.0. Box 250 Skolmersdalo Wyn Unlt8d langdom WN8 6wr

HOPE INTO ACTION UK CONTENTS Truste8s' report statement of tiust88s' responsibilitles Independent auditofs rer4)rt 10-12 Statement of financial aclivities 13-14 Balanca sheet 15-16 stst•mant of ca8h IIow8 17 Notes to the financial stalements 18-34

HOPE INTOACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and ac￿nts for the year erKled 31 Marth 2024. Th8 financial statements hav8 be8n prepared in accordanc8 wilh the accountiThJ policies set out in note 1 to the financial ststements arKJ ￿mplY with the d￿rI￿S governing document. the Companies Act 2006 and "Accounting and Rtiporting by Chariti8s: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporung Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)". Objectlves and actfvlllos Hope into Action began in petert￿rOUgh in 2010 when our founder Ed Walker MBE used his own money to purchase our first house. Tha charity rernains based in Petethrwgh at Hope Centre. We now have a network of 114 houses. We dire( manage the a(4>)mmLKl8tion in Petert)orough. Norwich. Nottingham and Cambridg8. The rest of our NetthY1￿ is Nn by thurches and organisations who run Hope into Action franchises across the CAwnty. The Hope into Actlon modol Hope into Action is a unique response to the injuice and tragedy of homelessness. Our model offers both offer high quallty accommodation and posktlv8 r8latlonships wlth ￿ local community Ihrough the local church. It is this coml)ination that is transformative. Our mc*y81 Is based on irr￿StorS who are willing to use their savings to purchas8 houses. We then tum these houses into homes for people would otherwise be homeless by partnering with churches who provide ￿￿1¢OMe. frlendshlp and support for tenants. Hope into Action's professional staff look after the legalities. housing management. assessment and benefit applicalion& This combination of support empowers tenants to achieve their goals. At the core of our work is a comrnitrr￿nt to cxvnbine both professional excellen￿ and splritual passlon. We are commltted to professlon81itAn In how we support tenants, manage acc4mmodation and how we steward Snvestrnents, donatlons and our peopte. Ajongskle thls, we want to malntaln our passlonate bellef In the transfomative role that th• Christian faith plays. Hoadllne achl•vemonts from 2023ra4 New houses In the 2023-24 financyol year. we opgned 17 houses ￿lCh t￿k our net total nurnber of house$ to 112 by the end of Marth 2024. nchise en During 2023-24 we opened houses In 5 franchlse localions. uccessfij The departure of a founder 1$ 8 key moment In the Ilfe of any organlsatlon. We are pleased to say that the handover from Ed Walker to Jon Kuhrt, who started as the new CEO in January 2023 has been Successful. After thorough handover. Ed stepped back from any managem8nt or govemanc8 rol8 but contlnues to be In touch, offering wnnectlons arKJ support and meets regularly on an infomial basis with Jon. Black Coun Areas franchise This franchi$9 had baen brought into HIA UK to offer support while tt weathered som8 challeng88. W8 are pleased to say that the operation was successfully Yranchised ouv to bècome ils own charity in April 2023. Whilst challenges remain, local team have W0￿ed hard and are continuing their positive trajectory.

HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Annual Confer8nce 2024: Em wered In March 2024. we held our Annual Conference at Kingsgate Church. Peterb(mugh. Over 430 people booked in and Natalie Williams. CEO of Jubilee+. was our keynote speaker. We had over 50 delegates attend our investment seminar which has led to a number of new investrnent opportunities. We also launched our Easter Appeal which was successful in raising £24.000 to support 4 new franchise5. Challonges Devel ment 'ect Petsrt)orou In 2023 we signed a contract with a development company to build 3 units of modular housing in P8tert)orough following a very generous donation from an individual supporter. Unfortunatsly. prcgress of this project has been subject to significant delays and we are evaluating how to mve forward. Fire dama to During the year we experienced a wious fire in one of our properties caused by a tenant using candles in breach of his tenancy agreement. Fortunately. no one was seriousty injured but the property was substantially damaged and has had to be significantly re-built. We commissioned a full review of the circumstances which led to thè fire and the relevant sutFcommtttees discussed this report. The Board then agreed an action plan to folk)w up on areas of improvement and review highlighted by the report. Perfomianco in 2023-24 New nchises ned During 2023-24 w8 opened franchises in 5 new IL￿a￿OnS in Belfast. Beverley. Bromley. South Belfast and Warrlngton. Aongside this. our franchises in Lincoln and Oundle dosed. Thls means that by 31st March 2024. HIA is working In 35 locations a(*oss the county. eni 17 homes opened in the financial year 2023-24 vthich Is the largest number of houses that hava opened In any one year. Jongslde thls. 6 homes dosed whith meant a net growth of 11 homes. Theso c108ures were mostly due to Investors reaching the end of a 5 year cycle and not re-Inv8sting. or projects ck)sing due to lack of capa¢4ty within the partner Church. 2 more hwses have already opened in the 2023-24 year and there are at least 20 more in the pipellne. Houses Open by Year ioi 77 80 60 55 41 40 30 18 21 20 TLITAL No. Ho.J<er

HOPE INTOACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Houses opened and closed by year 2tr cr.atsi 4w5e5 ytsr Fe""?sr Summary of tenant outcom•s The point of all our vA)rk is transfonnation In the life of our tenants and our churches. Onc8 again, we are very encouraged by outcomes achieved by our tenants with the support of staff. church partners and franchisees. t¢ome 023-24 022-23J 86 from 4121 Demographics 339 (205 Male, hildren: 147 (76 Male. 71 Female) % dassed themselves as Whlte British. At 311t March 2024, 3% of our hwsos housed at least one refugee, and 38% of ou •n8nts were refugee$, mostly familias. 0% of tenants consld8red th8ms8lves to have a dI￿bIlIty. 37 tenants, Ir￿UdIng chlldren. from 486 remalned in Hope in properties andlor moved on well. 9 tenants have prevrously served a custodial sentence. O ose. 94% did not rebjm to prtson. 134 Female)., aintalning Tenancy v fnwn 93%J riminal Behaviour from 92%] 9% 89%] rug and Alcohol Usage 133 tenants have (had) an unhealthy relationship with drugs an Icohol at move in. 89% of those have not become mo ependenL have reduced their dependency or became sober. of our tenants felt that they had improved or maintaine ltiv• relationshlps th18 year. ocial Relationships from 88%] eanlngful use of tlme: olunteerin9, Tralnlng ducation 178 adult tenants were In ¢du¢a15on, tralnlng or voluntserlng. fmm 32%] eaningtul us8 of tim8: mploym8nt 116 of our adult tenants have been in empkjyment of any kind zerD houts. full and part time contracis). 4% worked moTe than 16 hours a week for longer than nths. 2Y• of adult tenants are unable to work. v from 37%] inancial Management 4% vfrom 81%] 51 tenants. financi￿ situation was 5tsble or irnproving. ntal Health 1% v from 92%] 181 tenants. mental health was stable or improving of the 19 nts who indicated that Ihey had mental heath needs at sta year or p)int of referral. ere was 1 death (In h05Pital) arKI 4 babies born to tenants.

HOPE INTOACTION UK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 aith and Spiritualty 187 tenants engaged in a church serrfice, Christian course a vity. 90A of tenants asked for or accepted prayer. 16 tenants were baptised or made some knnd of commitrnent e Christian faith. 1￿ of tenants engaged with a faith gr￿1P other than th hristian faith. . signrfies increase from last year l = signifies same resutt I v signtfies drop from last year This is a summary of how these outcomes relate to previous years. Summary of Annual Outcoines by Financial Year Illli,I •Ju-'X Ar8as of In 2024-25 organisationally we are wioritising quicker responses to tsnants getting into arrears and quick8r re- tenanting of void r00rn5. This is in ￿pOnSe to the growing demand on our seNices and the downward trend in tenant financial managemenL Risk In 2024 we compl8t8d a full review of our Risk Registor and have assessed these key factors as representing lh8 key risk araas. 1. Unsuccessfvl grant fundlng would lead to a defidt and non<ompllanc8 with reseNes policy 2. Inefféctlve management of voids leads to a deficit compromising reserves 3. A case of abuselmishandling of P￿rI complainv poor safeguardlng which lead8 to 8 scandal which could damage reputstion 4. Ineffective managem8nt of houses leadlng to below stsndard or non4ompllant properties 5. Lack of growth in regular donors 6. Closurè of franchises and houses leading to lack of growlh 7. Inability to re¢ruit key staff redU￿S eff8cbveness of work 8. Loss of properties due to investor ending lease 9. Inability to source properties within investor expectations 10. Losing the Chrislian distinctiveness would o)mpromise the cfft vision and mt&81{￿ of to mobilise Christian faith. prayer. inveslments. donath￿S and volunteering 11. Ineffective management of 8fTears18ads to a defic4t compromising reserves 12. Breakdown of church Friendship & Support groups reduces outcomes

HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Each of these risks has a number of mitigating actions which we are (x￿mItted to as an Organisation. We have grouped our Key Perfom)anc8 Indkxtors (KPI) whith we Teport on at each Board meellng alongsid8 8ach risk so that we monitor dosely those actions and performances whith m05t dosety align to our risk. Sa Safeguarding ￿ntinUeS to be ￿l￿Sed a(xoss Ihe organisation. This Y￿ has seen us introduce a new online training systern for all staff to accoss to ensure they can always access training lo the approprfat8 Standard. This Is supported by safeguarding workshops for frontline staff lo give them the OppO￿nty for peer leaming and support and ensure they are up to date wilh ￿rrent Folid8s and procèdures. We continue to monitor all incrdents and safeguardThry o)ncèms a(xoss lh8 Hope into action Network. In 2023- 24, there were a total of 69 incidents reported and 37 safeguarding con(xns reported. Thls Is the 8xad same number as last year for in(Iderts and an irmase of 2 safeguardiThJ concems. There was an increase In Incident re[￿S received from franchisees over the year {from 8 last year to 24 thls year). Regular refresher training ha5 bwxked to raise awareness wilh Franchises on the need to report incFdents and this has been refi9(knl tn the numb8r received. We plan to continue raising awaronoss with franchises and naw staff throughout the year training and regular communication. The most common reason for submittirwJ a safeguarding report was Dome51ic Violence. The most common category of incadent report was ASBfviolenrA. In response to this, the N8tWOTk team will research whether Ihere's any appropriate training or speakers may be able to upskill Ews in these areas. During Ihe year. 12 referrals were made to sodal servi￿. thts induded referrals for adults and chlldr8n. Only one report W83 made to the Charity Commission. and this was rolatgd to ttbg fire damage at one of our hou8es which is detaited above. Stratoglc dlrgctlon for 20225 We hav8 eA)mmltted to the followlng 3 strategic obiecbves and ￿ developed an action plan based under these headings: 1. Our Iln•ryfflanag•d WO￿ wlll b• •n Incubator of b••t pra¢tl¢•. Our work in our 4 line-managed locallons {P8terborwh. NOTh￿th. Cartirklg8 and Nottlngham) wlll emtKxly tho practr¢e we want to se8 auoss our whole nelwork. 2. Wo wlll strengthen and grow our franchl8• N•twor W8 want to grow the network significanty but also strgngth8n it Ihrough darifying 8xp8Ctations. addr8ssing fragilty and fo(xssing grthylh on areas whern ther8 Is adequate capaaty. 3. Falthlul st•wardshlp of flnancu, suppwtsrs and p•opl•. Ensure our finan￿8, h￿$88. 8Upp￿terS and peoF48 are 81yportl, valuod and Investsd In as well as po￿]ble.

HOPE INTO ACTION UK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review Reserves The Trustees, policy with regard to reserves is to seek to maintain unrestricted funds. other than those designated from time to time for spe(>fic purposes. at a level sufficient to provide the charity with enough workirsg capital to carry on its existing activttes successfully for Iwo to four months. Thi5 will enable the trustees to ensure continuity of activities and honour contractual liabilities. The Trustees have noted that the current level of unrestrided reserves is within that range at 3.6 months In the unfortunate event of funding levèls dropping to dangerous levels then the Trustees V•K>uld have to consider the sale of one of our houses or Trmortgage a property. Cash balance Al year end the cash balance was £899.445 (see balance sheet). This is broken down on note 23 inlo unrestricted {£397.994) and restricted (£501,451). This cash balance shoukl be understood with nots 25 which states that Hope into Action have £464.000 of capital commitmants as at y8ar ￿. Income and Expenditurn The net income for 2024 is £62.445 (2023: outgoing funds of £72.429) which includes donations of various restricted funds. TTUStees monitor the balance of income from the Ihree primary sources. The total for 2023-24 was £1,906.949 (2022-23: £1.628.615). broken down as follt)WS: 2024 Income 2023 Income e* £109 418. 7Bb ou)er. £185.635, 10 Grants, £354,853. 22qb Grerjts £437 890. 23fy0 £565 005 299D Housing. £718.419. 38 In¢Jwiduals £522.Y41 3240 Hou51119 £641403. 3940 A new Head of SupFther Relations t{￿k over in October 2023 and. cornbined with the worf( of our interim postholder, a number of successful grant applications were made. The team continue to work with external agancy support and a register of grant targets has been comp18ted for 2024-25. Individual unrestricted givlng was also higher for 2023-24 du8 to %)me large individual donations. It has baen a difficult year for regular donations as the cost of living has led to some reductions. Campaign income held up well. A number of factors supported higher income from other areas suth as bank interest the sale of a house (surplus on sala) and a Corporate restricted donation to buy land.

HOPE INTO ACTION UK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our costs ('charitable actiwti8s") hav8 grown by 8.7°kn (2023: 9%). This can be almost entirely explained by the increase in staff costs and maintenance: a number of properties have required signrficant work after longer tenancies. The other notable increasè was in 1ho cost of bursaries provided to tenants to get into 8rnployment {13Pkn Increase to £18.557}. Assets and Invostmerrts Hope into Adion UK owns its main of[￿8 and 13 houses used lo support tenarrts. One propety was sold In 2023 and t¥VO further properties are ￿[TrentlY for sale. This is part of a strategic plan tt) improve the quality of our stock in Peterborough. To counterbalanlx this further wop8rty purchases are belng conslder8d as ￿11 Ihe development project in P8terborough. As an organisation we en¢ourag8 indivtduals and churches to share their wealth with people affected by poverty by investing in homes for people who are homdess. It is important we are able to model this approach. This financial year we have contributed £10.000 to the purchase of land for the development project referenced above and hav8 subsldls8d the budg8t for this proiecL We **re also blessed to receive a gift of a £20.OIJO Share in property managed by one of our Franchi58s (refere￿ in last yearfs financial report). Conclusion We are deeply grateful to all our donors and supporters for partnerlng us In work and for our trustees who provide rigorous overslgm of how our resources are used. This ca)mmitment was ex8mplifred by Antony Bames who sadly passed away in October 2023. Antony was erudite and dear wtth hls Input and left Hope into Action in a stronger place after his untimely passing. Antony not onty served as a trustee but was a donor and an investor. Amazingty. within a month of his passing. 3 new houses were opened becAUSO of his support and they continue to house those have been homeless through the support ol hls wrfe. Caragh.

HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structur•i govemanco and management The charity is a company limited by guarantee and a registered thaiity govemed by its aitides and memorandum of assoCia￿ft. The Trustees, who are also the directors for the purpose of compary law. and who served during the year and up to the date of signature of the financial ststements were: The Rèvèrend Mrs O Tidball (Chair) MrAJ W Bafnes Mr l G Billage Mr G Howard Mrs J Hunte Mr H J Kettel Mr P J Magowan Ms R Mathew Mrs D J Nash Mrs M D Smith (Resigned 27 October 2023) (Resigned 16 November 2023) {Appointed 16 July 2023) {Appointed 20 November 2023) The existing Trustees have tho Fthver to appoint new trustees. None of the Trustees has any benefiual interest in the company. All of the Tfustees ar8 members of the company and guarantee to contribut8 £1 in the event of a winding up. Th8 trustees, report was approved ty the Board of Trustees. The Reverend Mrs D Tidbau (Chalr) Trustee

HOPE INTOACTION UK STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directOT5 of Hope Into Adton UK for the purpose of c¥xnpany law. are responslble for preparing the Trnst68s' R8POrt and the finandal statements in accordance with applirable law and United lfjngdom Accounting Stsndards (United lfjngdom GeneraltyAccepted Accounting Practice). Company Liw requires the Trustees to wepare finan(aal statern￿ for each financial year which give a true and fair view of the state of affairs of th8 tharity and of the in(x)miffj TesourLW and applitation of resourc8s. including the Income and expenditure. of charltabla company for that yoar. In preparing th￿8 financaal statements, th8 Trustaes ar8 r8quir8d to: - select suitable accounting wlKies and then ap￿ th8m umsist8nty. - observe the methods and principks in the CharTlies SORP: - make judgements and estimates that are reasonable arKI prudent - stale wh8th8r applicatAe UK Accounting Standards have been foll(Mad. subi8Ct to any material departure5 disclosed and explained in the finarK¥al ststements: and - prepare th8 financial statemants on tho going COn￿M basi5 unless il is inappropriato to pr8sum8 that the charity V•ill ￿ntInUe in operation. The Trustees are responsible for keepTng adequate accwnling re(x)rds that disclose wilh reasonable accuracy at any time the financlal posltlon of the chartty and enable them to ensure that the financlal statements comply with the Companie8 Act 2006. They are also re5ponsiblg for safeguerding thg assets of the charity and hence for taking r&qsonable steps for the Pr￿￿nt￿In and detedion of fraud and other irregularities.

HOPE INTO ACTION UK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOPE INTO ACTION UK Opinion We have audited the financial statements of Hope Into Action UK {the 'charity') for the year ended 31 Mafch 2024 which comprise the statement of financial activÈties. the balance sheet, the statemerit of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting frarnework thal has been applied in their preparation is applicable law and Untted 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 al 31 March 2024 and of its incoming resources and application of resources. for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wtth the requirements of the Companies Acl 2006. Basis for opinion We conducted our audit in accordan￿ with International Standards on Auditing {UKI {ISAs {UK) and applicable law. Our responsibilities under those standards are further described in the Auditoffs ￿Sponsibl11t1es for the audit of the financial slatements section of our report. Vve are independent of Ihe 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 responsibiltlies in accordance wtlh these requirements. We believe Ihal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In audiling the finanaal stalements, we have conduded that the truslees. use of the going concern basis of accounting in the preparation of the financial statements is appropriale. Based on the work we have performed, we have not identified any material uncertainties relating to events or condilions that, individually or collectiveSy, may cast significant doubt on the Charity's ability lo ¢onlinue as a going concern for a period of al least twelve monlhs from when Ihe financial statements are authorised for issue, Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant se¢tions of this report. Other inforniation The other information comprises the information included in the annual report other than the finanGial statements and our auditorfs reporl thereon. The Trustees are responsible for the other information containèd within the annual report. Our opinion on the financial statements does not cover the other information and we do nol express any form of assurance conclusion thereon. Our responsibility 15 lo read the other information and. in doing so. consider whether the other information is materially inconsistent with the finanaal slalements or our knowledge obtained in the Gourse of the audit. or othe￿ise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we ¢on¢lude that there is a malerial misslalernenl of this other infomiation, we are required to report thal fact. We have nolhing to report in this regard. Matters on which we are required to report by exception We have nolhing to report in respect of the following matters in relalion to which the Charities {Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees, report., or sufficienl accounting records have not been kept: or the financial statements are not in agreement with the accounting records.. or we have not received all the information and explanations we require for our audit. 10-

HOPE INTO ACTION UK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE INTO ACTION UK Responsibilities of Trustees As explained more fvlly in the statement of trustees. 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 intemal control as the Trustees determine is ne￿$sary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In prepafing the financial statements. the Trustees are responsible for assessing the charity's ability to continue as a going concern, disdosing. as applicable. matters related to going concem 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 allemattve bul to do so. Auditorfs responsrbilities for the audtt of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and feport in accordance with Ihe Act and relevant regulations made or havirTrg effect thereunder. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-.11 www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditorfs report. Extent to which the audit was considered capable of detecting irregularilies, including fraud Irregularities, induding fraud. are instances of n0￿MplianCe wilh laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect malerial misstatements in respect of irregularities. induding fraud. We obtain and update our understanding of the enlity. its acliwties. its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding. we identfy and assess the risks of fflaterial misstatement of the financial slalements, whether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entty that were contrary to appli¢able laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with govemance around actual and potential liligation and claims as well as actual, suspected and alleged fraud- Reviewing minutes of meetings of those charged with govemance., Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection-, Reviewing financial statement disdosures and testing to supporting documentation to assess compliance with applicable laws and regulations-, Performing audit work over the rtsk of management bias and override of controls. induding testing of journal entries and other adjustments for appropriateness. evaluating the business rationale of signifi¢ant transactions outside the normal Course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, in¢luding those leading to a malenal misstatement in the financial Statements or non•compliance wilh iegulalion. This risk increases the more that compliance wtth a law or regulation is removed from the events and transactions reflected in the financial slalements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher th2n for one resulting frorn error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 11

HOPE INTO ACTION UK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE INTO ACTION UK This report is made solely to the company's members. as a body. in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company s members those matters we are required to stale to them in an audttorfs report and for no other purpose. To the fullest extenl permitted by law, we do not accept or assume responsibility lo anyone other than the company and the company'5 members as a body, for our audit Work, for this report. or for the opinions we have fonned. Mr Mark Jackson FCA DChA (Senior Statutory Audltor) for and on behalf of Azets Audit Services Chartered Ac¢ountsnts Statutory Auditor Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ A2ets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment a5 auditor of a company vnder section 1212 of the Companies Acl 2006. 12-

HOPE INTO ACTION UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted Designated Restricted funds funds funds 2024 2024 2024 Total Total 2024 2023 Notes Income and endowments from: Donation5 and legacies Charitable activities Investments Othei income 763,500 772,134 23.546 39.804 307,965 1,071,465 772,134 23,546 39,804 927,558 692,493 8,564 Total income 1,598.984 307.965 1,906,949 1,628,615 Ex enditure on: Raising funds Charitable actimties 34.372 1.553,597 34.372 1.826.974 33,955 1,667,089 28.964 244.413 Total resources expended 1,587,969 28,964 244,413 1,861,346 1,701,044 Net incomingl(outgoingl resources before tran8fer8 11.015 (28,964) 63.552 45.603 (72.429) Gross transfers be￿een funds 47.366 (1.264} (46.102) Net Incomellexpenditure} for the y+arl Net movomont in funds 58.381 {30.2281 17.450 45,603 172,429) Fund balances at 1 April 2023 419,501 1,497,511 530,279 2,447.291 2,519,720 Fund balances at 31 March 2024 477.882 1.467.283 547,729 2,492,894 2.447,291 The statement ol financial activities includes all gains and losses recognised in the year. All income 2nd expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 13-

HOPE INTO ACTION UK STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestrlcted Deslgnatod Restrfcted funds funds funds 2023 2023 2023 Total 2023 Income and endowmonts from". Donations and lega￿e$ Charitab[8 activities Investments 795.735 692.493 131.823 927.558 692,493 8,564 Total Income 1.496.792 131.823 1.628.615 ndlturn on: Raising funds Charitabte adivÉties 33,955 1.667,089 1.462.797 31.116 173.176 Total resourcos expended 1.496.752 31.116 173.176 1.701.044 Net Incomin￿{QUtg0Ing) resourcès before transfers {31.116) (41.353) (72,429) Gross transfars bebween funds (9.785) 9.785 Not In¢0m￿(•xp0nd1Iur0) for tho yearl Net movemant In funds (9.745) (21,331) (41.353) {72,429) Fund balances at 1 Nprfl 2022 429.246 1,518.842 571,632 2,519,720 Fund balancos at 31 March 2023 419.501 1,497.511 530,279 2.447,291 The stslement of financial acbvibès includes ail gains and losses recognised in the year. All income and expenditur8 derive from contlnuiry acbvibgs. The ststèment of financial aclivitles also complles with the requlrements for an In￿rne and axpendlture account under the Companies Acl 2006. 14-

HOPE INTO ACTION UK BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Flx•d as80ts Intangible assets Tangible assets 13 14 21,000 1,842.407 1.883.072 1.863.407 1.883,072 Currnnt a88•ts Debtor5 Cash at bank and In hand 15 148,428 159.966 795,288 1.047.873 955.254 Crqdltorn: •rnount8 f4lllng du• wlthln 17 (166.690) (131,011) Nel (JJrrnnl assets 881,183 824.243 Total assots loss currnnt Ilabllft 2,744,590 2.707.315 Crndltors: amounts f•lllng du• aftar morn than one y•ar 18 (251,696) (260,024) N•t •u•t• 2,492,894 2,447,291 Incom• lund• Property Speclllc projects n,728 474.001 74,834 455,445 19 547.729 530,279 Des59nated fundB 1,487.283 1.497.511 Oth•r charftabk funds 477.882 419,501 2,492,894 2,447,291 15-

HOPE INTOACTION UK BALANCE SHEET (CONTINUED) ASAT31 MARCH 2024 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 Marth 2024. although an audit has been carried out under section 144 of the Charities Act2011. The directors acknowtedge their responsibilittes for comptytng with the requirements of the Companies Act 21J06 with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the board of directors and auihorised for issue on ... are signed on its behalf by: and The Reverend Mrs D TKlball (Chair) Trustee Company Registration No. 073091n 16-

HOPE INTO ACTION UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2023 Cash generated froml{ab8orbed by) operdtknns (92,834) Investlng actlvlllos Pur¢ha$e of intangible assets Purchas8 of tanglbl8 fixed assets Proceeds on disposal of tsngible lixed assets Investment Income received (21,000) {76.622) 126.513 (794) N•t g•n•rat•d from Invmtlng acllvhlos 52.437 7,770 Flnanclng actMtI•4 Repayment of bank loan5 (8.328) (8.990} Not cash uud In flnanclng actlvltl•s (8.328) {8.990) N•t In¢r•as•I(d•cY￿•) In ¢a•h and ¢uh •qulval•nts 104,157 (94.054) CKh and cash oqulvahnts at boglnnlrYJ ol year 795,288 889.342 Cuh and •qulval•nts ￿ •nd •1 y••r 899,445 795.288 17-

HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charlty Inforrnatlon Hope Into Aclion UK is a private company limited by guarantee ino)rporated in England and Wales. The registered offic8 is 26 North StreeL PetertKJrough. PE12RA. United lfjngdom. 1.1 Accountlng conventlon The financial statements have b6en prepared in accordance wilh the charitys goveming document. th Companies Act 2CM36 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) (effeGtive 1 January 2019).. The charity is a Public Benefit Entity as defined by FRS 102. The financial ststements are prepared in sterling. whith is th8 functional currenvrf of the chanty. Monetary amounts in these financial statements are rourKJed to the nearest £. The accounts have been prepared on the historical (￿t convenlion. The prinripal a(￿Unting policies adopted are set out below. 12 Going concern At the time of approving the financial statements. the Trustees have a reasonabFe expectation that the charity has adequate resources to continue in operational existence for the foreseeable fijture. Thus the Trustees continue to adopt the going concem basi$ of aco)unting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of th8 Tnjstees in furtheranc8 of their charitabl8 oblectlves unless the funds have been desi9nated for other purposes. Restrlcted funds are subJe¢t lo speclfic conditlons by donors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the accounts. IA Income Income is recognised when the charity is legally entiued to it after any performance conditions have b6en meL the amounts can be measured reliably. and it És probable that incorne will be receNed. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is re¢ognised at the tlm8 of the donation. L8gacles are recognlsed on recelpt or otherwlse ff the ¢harfty has been notffied of an Impendlng distrlbutlon, the amount Is known, and receipt Is expected. If the amount 1$ not known. the legacy is treated as ¢ontlngent asset. 18-

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expendlture EXper￿lture is recognised on(x there is a legal or ￿nstrUctive Obligati(￿ to transfer economic ben8fft to a third party. it is proba￿8 that a transfer of economic beneffts will be required in settlemenL and the amount of the obligation can be measured reliably. Expenditure Is dassified by activty. Tho costs of each aG*r4ity are made up of the total of direct (x)sts and shared costs, induding support costs inv¢)Ived in undertaking eath activity. Direct costs attributab18 to a single acbvity are allocated directly to that acbwty. Shared costs whith Contribute to more than one activity and support costs which are not attributable to a single actswty are apportioned between those athvities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spenL and depreeiatlon charges are allocated on the rnrtion of Ihe asseys use. Att r8sourc8s expended ar8 accounted for gross. and in the p8riod in which they are incurred. VAT is not recoverable by the charity and as such is induded in the relevant Costs in the Statemènl of Financial Actiwties. Charitable expenditUTB comprises those costs incurr8d by the chaiity in the delrvery of its activities and services for its beneficiaries. It indudes both u)sts that Can be allocated direclly to such adrvities and thc costs of an indirect nature necessary to support Iharn. Governan￿ costs indude those C¢￿ associated wilh meeting the consti￿nal and statutory requirements of the charity. All costs are allocated between the expendiiure categories of the Statement of Finan(yal Activities on a basts designed tt> rellect use of the r8sourc8. 1.6 Intanglbl• fix•d oth•r than goodwlll SolfvAr8 costs rela￿ng to long term developmont wolects are caplta1180d to tho extsnt that tho long tomi value to tho charlty of the pmlect can be demonstrated. Amortisation Is recognlsed so as to vKite off the ￿$t or valualion of assets less thwr residual values over thelr useful lives on the followlng bases: Sofhvare 20% p.a. straight line 1.7 Tanglblo fixod assets Tangible fixed assets are m8asurnd at net of depreciation and ary impairnwit k)sses. Depro¢latlon Is recognl8ed 80 as to wylle off the cost or valuatlon of assotslgss thelr ro$5dual values over thelr uselul Ilves on the followlng bases: Land and bulldings Shared ownership properties Equipment Motor vèhides 1% p.a. straight line on bulldirvJs 1% p.a. straight Ilne 33% p.a. straight line 33% p.a. straight line Assets in the course of construction are not depre(aaled. The gain or loss arisirwj on the disposal of an asset is detennin8d as the différenc8 betwe8n the sale proceeds arKI the canying value of th8 ass8L and is recngnised in net incomel(expenditure) for the year. Shared ownership housing pmperlies are induded in f￿ed assets at the percentage of the charitys share in the ownership. Any payment for an increase tn percentage of share is treated as an addition. Any payments received for a decrease in share is treated similar to the sale of prop8rty. 19-

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policlos {Continued) 1.8 Impairment of fixed assets At eath reporting end date. the charity revie￿ the carrying amounts of its tsngible and intangible assets to determin8 whether thère is any indication that those assets hav8 suffered an impainnent loss. If any such indication exists, the recoverable amount of the asset is estimated in ord8r to determin8 the extent of th8 impainrent loss (rf any). 1.9 Cash and cash equfvalents Cash and cash equivalènts include cash in hand. deposts held at call with banks. other 5hort-tèm7 liquid imiesknents with Origin￿ maturities of three months or less. and bank overdrats. Bank overdrafts are shown thin borrowings in current liabilities. 1.10 ￿nancIal Inslrum•nts The charity has elected to apply the provisions of Section 11 'Basic Financial In5twm8nts' and Section 12 'Other Financial InstNmÈnts Issues. of FRS 102 to all of ils financial instruments. Financial instruments are rècognised in the charitys balance sheet wh8n the charlty becomes party to the contractual provisions of the instrum8nL Financial assets and liabilities are offseL wtth Ihe net amounts presented in the financial statements. when th8re is a legally enfofceable right to set off the re￿gnised amounts and there is an intention to setue on a net basis or to ￿alise the a&8et and setde the liabilty simultaneousty. Baslc Ilnanclal ass•ts Basic finandal assets, whlch in(4ud8 debtors and cash and bank balanc8s, ar8 initially m8asured at transactton Pfice In¢luding transadlon costs and are subsequ8ntly caThied at amortised cost using the effectfve interest method unle&8 the arrangement conslitutes a financing tran￿ctiOn, where the transaction18 measured at the present value of the fulure receipts dlscounted at a market rate of interest. Flnanclal assets dassified as receivabte within one year are not amortised. B•w¢ flnanclal Ilabilitl•s Basic financial liabilities, induding creditors and bank loans are initlally recognised at transacuon pricè unless the arrangement constitutes a financing transadion. where the debt instrument is measured at the present value of the future receipts discounted at a market rate of int8resL Financial liabililies classmed as payab18 within one year are not amortised. Debt instruments are sub8equ8nty carried at amorlised cosc using the effedlve interest rate method. Trade creditors are obllgations to pay for goods or ser¥lces that have been 8cqulr8d In the ordlnary course of operations Irom suppliers. Amounts payable 8re dassif￿d as current liabilitles if payment Is due within one year Of less. If not, they aro presented as non-current liabllities. Trade creditors are recognised Initially at transaction price and subsequenlly m8asured at amortlsed cost uslng the effethe Interest method. Dere¢ognRlon offlnan¢l•l liabllltles Financial liabilities ar8 dere(x)gnised when the dwri￿S contractual obli9ations 8xpir8 or are discharged or cancelled. 1.11 Employee benefbts The cost of any unused holiday entitlement is recognised in the period in which the ernployee's serrfkces are Termination benefits are recognised immediately as an expense when the charity is demnstrably comrnitt6d to terminate the emplo￿neD1 of an employee or to provide termination benefits. -20-

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.12 Rotlremont beneffts Payments to defined conlnbutii)n retirernent benefft schemes are charged as an expense as they fall due. Crltical accounung estlmatss and Judg8monts In the application of the thaTitrfs ac(x)unting policies. the Twstees are required to make judgements. estimates and assumptions about the carrying amount of ass8ts and liabiliti8s that are not readily apparent from other sources. The estimates and associated assumptions are based on historica5 experien(* and other factors Ihat are wnsidered to be relevant. Actual results may differ from thèse estimates. The estirnates and underfying assumptions are reviewed on an ongoing basis. Revtsions to accounting ests'mates are recognised in th8 period in which the estimate is revised whore th8 revision affects only that period. or in the period of the reMsion arKI future periods where the revision affects both ujrrent and fijture periods. Donatlons and legades Unrostrlcted Restricted Total Unrestricted Restricted funds funds funds funds 2024 2024 2023 2023 Total 2024 2023 Donatrons and glfts Grants receivable 602.075 161,425 31,500 633,575 276,465 437,890 572.705 223,030 572,705 131,823 354,853 763.500 307,965 1.071.465 795.735 131,823 927,558 Donatlom and glfts Donattons from indfviduals Churches Other 565,1)05 37.070 565,005 37,070 31.500 522.941 49,764 522,941 49.764 31.500 602.075 31.500 633.575 572.705 572.705 -21

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies (Continued) Unrestrictod Restrictsd funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Grants roceivable bert Hunt Trust Andrews Charitable Trust B&Q Foundation Beatrice Hankey Foundation Beatrice Laing Trust Beer Harris Memorial Trust Benefact Trust Big Lottery Funding Cambridgeshire Communty Fund Charles Hayward Foundation Cinnamon Trust Clothworkers Foundation Cornerstone DaughteTS of Jesus Didymus Charity Garfield Weston Foundation Hopestead Jerusalem Tw8t Landaid Charitable Trust Lighthouse Communlty Church Madellan Foundation Maurice & Hilda Laing Charitable Trust Mazars Charitable TNst Mirembe Charitable Trust Norfolk Community Foundation Paul Bassham Trust Pears Foundation Porticus Foundatlon St Baranabas Church The Howard Foundallon The Mercers, Company The Rowney Trust Vardy Foundation 7.000 7,000 72,050 76.425 76.425 72.050 2,500 2,500 17,750 2,171 20.000 20.000 2,000 20.000 17.750 2.000 20.000 2.171 10.470 10.470 1,678 1.678 25.000 2.000 50.000 25.000 2.000 50,000 10,000 10,000 200 200 10,000 10,oIXI 50,000 50,000 5.903 5,903 76.000 76,000 9,073 9,073 10.000 10.000 6.607 3,240 6,607 3,240 2,000 47,027 2.000 47,027 20.000 20.000 7,883 17.750 17.750 480 480 2.956 2.000 2,000 45,000 45.000 2.11x1 45,000 45.000 45.000 45,000 2.100 3,450 3.450 32.530 32,530 15,000 2,500 15,000 161.425 276.465 437,890 223.030 131,823 354,853

HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable a¢lfvlli08 2024 2023 Provlsion of housing FranchFS8 income Book sales 718.419 53.458 257 841.403 50.763 327 772.134 692.493 2024 2023 Rentsl Incxjme Interest recelvable 4.215 19,331 4.252 4,312 23,546 8,$64 Oth•r Incom• 2024 2023 Net galn on dWI oftsnglble fixad a8s818 Othar Income 39.297 507 39.804 Ral•lng lund• 2024 2023 Fundralsln and bllcl Costs of generaling donations and legaci88 34.372 33,955 34,372 33,955 -23-

HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitabl• actmlles 2024 2023 Staff ¢osts Depreciation and impalrrnenl House rentsi and running costs House maintenance and equiprrMt Franchising exFenses Volunteer expenses Client support Propety rnfurbishm8nt General rates Bad debt expense Books 1,033,293 30,070 278.$61 17.932 50.270 3.142 4,718 144,785 6,382 26.355 972,794 32.222 261.034 11.995 55,458 4,124 7,122 93,533 9,657 30,365 70 1,595,508 1.478.374 Support ￿sts (see rK)ts 9) Govornance costs (see nota 9) 226.066 5.400 183,315 S.400 1.826.974 1,667.089 An•lysl• by fund Unro8trlcted funds - g•n•ral Deslgnat8d furKIs Re8tri¢tsd funds 1,553.597 1,462,797 28,964 31,116 244,413 173,176 1.826,974 1.667.089 -24-

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs 2024Support Governance 2023 Propety costs Loan interest Bank and prO￿sir￿j tharges Light and heat Travel and subsistence Printing. postsge and StatFon8ry Telephone and fax Computer and softsyare Professional and consuRancy costs Insurance Refreshments Sundry exp8ns8S Legal fees Accountancy fees Audit fees 15,105 5.167 15.105 5.167 17,792 2.663 17.792 2.663 5.040 2,831 26.554 5.040 2.831 26.554 3.033 3,033 2.084 20.898 20.898 8.727 13.150 56.736 4.800 12.500 57.860 4.800 12.500 57,860 13.150 56.736 55.094 14.581 3,749 11.425 55,094 14.581 3.749 11.425 23.945 15.537 3.605 14.524 2.986 23,945 15,537 3,605 14.524 2,986 1,088 5.400 2.062 2.062 5.400 5.400 226.066 231.466 183.315 5.400 188,715 Governance costs represents payments to Ihe audltorn of £5,400 (202& £5,400) for audlt fees. 10 Tru8t••• Nono of the Trustees (or any persons connected with them) rKaiv8d any rnmuneration durlng the year. Four Trustees {2023 - 2) were reimI￿rStd a total of £573 for travelling expenses {2023- £513).

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Number of employees The average monthly number of employees during the year was: 2024 Number 2023 Number Average number of employees 41 41 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 897,404 68.733 67,156 842.649 66.146 63.999 1.033.293 972.794 Included in wages and salaries above are redundancy payments totalling £2.213 {2023- £Nil) and t8rn1ination payments totslling £6.035 (2023- £Nil). The averag8 full time equivalent number of employees duriThJ the year was 30 (2023- 30). There were no employees whose annual remuneration was £60.000 or more. 12 Taxatlon The charlty is exempt from tax on In￿Me and gains falllng wlthin sectlon 505 of th8 Taxes Act 1988 or section 252 of the Taxation of Chargeabl8 Gains Act 1992 to the extent that these are applied to its charitable objects. 13 Intangible Ilxed assots Softwarn Cost At 1 Aprfl 2023 Additions 21,000 At 31 March 2024 21,000 Amortisation and impalrmont At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 21,000 At 31 March 2023 -26-

IN ¢D If• 4 O 0> fD

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 D•btors 2024 2023 Amounts falllng due wlthln one year. Tenant and franchlse debt Other debtors Prepayments arKI accfued Income 66,483 76,818 5,127 66,247 63,835 29,884 148,428 159,966 16 Loan¥ and overdrafts 2024 2023 Bank loans 262.396 270,724 Paya1￿8 wlthin one year Payable after one year 14 15 10,700 251.696 10,700 260,024 The lo￿terni loan8 afa Secured by fixed charges over fv8 of the prop8rti8s owned by th8 charity. 17 Cr•dftor8: Imounts lalllng du• wlthln on• y•ar 2024 2023 Not•• 8ank108ns other taxation and 8oclal securlty Deferred income Trade credltors Othèr creditors Accruals 16 10,700 18,301 27,452 88,117 16.716 5.404 10,700 17,188 56,213 9,899 21,374 15,639 19 166,690 131.011 18 Crndltorn: amounts f•lllng du• aft•r mor• than on• y•ar 2024 2023 No¢•• Bank loans 251.698 260,024 -28-

HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Dof•rr•d incom• Deferred income is induded in Ihe financial statements as folows: 2024 2023 Deferred income Is induded within: Current liabilities 27,452 56.213 Movemenis in the year: Deferred income at 1 Aprfl 2023 Released from prevk)us pertods Rosourcos deferred In th8 year 56,213 {56.213) 27.452 (7.000) 56,213 Doforred Income at 31 March 2024 27,452 56,213 20 R•tlrnmont bon•fft schmgs D•fln•d contrfbullon •ch•m The charity operatss o defined contribution penaion 8cherM for all quallfyir¥J emplt)yeeg. Tho ass•ts of th• schemo are held separately from those of tho charfty in an Indeperthty administered fund. The charge to profft and1018 In respect of definod 0￿Ul10n 8themo8 w £67,156 (2023 - £83,999).

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restricted funds The incom8 funds of the charity indudo restricted funds c4Jmprising the following unexpended balances of donations and grants hekl on trust for specifiG purposes: Movement In funds Balance at 1 Incomlng Resourcos April 2023 ruources exponded Transfer5 Balance at 31 March 2024 SpKlal ProJ¢Gts bart Hunt Trust Beer Harris Memorial Trust Benefact Trust B&Q Foundation Chartes Hayward FourKlation C1nnaw￿n Trust Daughter5 of Jesus Didymus Trust Garfield Weston Foundation Hopeslead Howard Foundation Landaid Chairtable Trust Mazars Charitsble Trust Noffolk Community FoundatKJn Donation for property 7.oijo (7.000) (2.000) (20.000) {5.000) (25.000) {2.000) <200) {10.000) {50.000) (5.903) (3.450) (9.073) (7.883) (2.956) (16.842) 20.000 25,000 2.000 200 10.000 7.502 7,502 5.903 3,450 9.073 7.883 2.956 81.500 447.943 (46.101) 466.500 455.445 231.965 {167.307) (46,101) 474,002 Oth•r Includlng ¢or• costs Jerusalem Trust 76.000 176.000) 76.0(Kl (76.1)00) Property SEIF 74.834 (1.106) 73,728 74.834 (1.106) 73,728 Total 530.279 307,965 (244.413) (46,101) 547,729 There are a nurnbef of restrlcted funds as ouuined abov8, some of whlch are for speofic projocts. some that ¢over specific elements of core costs. Tho Iwo largest funds are as follows: Donation for property- this relates to donations received to enabl8 th8 charlty to invest in further property to b8 used to hou58 tenants. The transfer out of rnstricted furKls represent purchase of fixed assets which are shovm in the designated fixed asset fund. SEIF- the funds received were for the purchase of a propety by the charity. A pmpety was purchased in 2012 and this fund is now represented by fixed assets. but the furMI remain5 a restricted fund as the funding is potentially repayable to SEIF rf there is a fuknre change to Ihe use of the property or the property is sold.

HOPE INTOACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Doslgnated funds Th8 Incom8 funds of the charfty IThd￿ th8 fcllfming d8sigrthd funds whlch have bean set aside out of unrestricted funds by the trustees for speufic wrposes: B•l*n¢• •t 1 Aprtl 2022 1 AprN 2023 31 M•rch 2D24 Rx•d 4s8Ot fijnd 1.518.842 (31,116) 9.785 1.497.511 (28.964) (1,264) 1,467,283 1,518,842 (31.116) 9.785 1,497,511 (28,964) (1,264) 1,467,283 The fixed assot fvrtd represents the net book value of the property and other fix￿ assets that is not represented by restricted funds, oxduding the £60.000 (2023- £40.000) investment from unrestricted funds In accordanc8 wlth the thari￿s res￿￿8 policy. 31-

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HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Operaling laas• commitments At the rewrting end date the charity had outstsndI￿ commknwits for futsw8 minimum lease payments under norKancellabl8 OP8rating leases, which fall due as folkyws: 2024 2023 Within one year Beiween two and fve yews 109.584 8.156 99.444 10.091 117.740 109.535 25 Capital commitinonts 2024 2023 At 31 March 2024 the i*arity had capiw commitm8nts as folkms: Contracted for but not provided in the financial statements: Acquisitson of propety. plant and equipment Acquisilion of intsngible assets 450,000 14.400 464.400 26 Relal•d party tran•actlon• R•mun•ratlon ol k•y m•nag•m•nt p•rnonno1 The remuneration of key management personnel Indudlffj pen81on contrlbutlons18 as follows. 2024 2023 Aggregat8 compensation 165,506 158,113 Key management personnel represents 4 (2023- 4) mombors of staff forni the execLrtlve t8am. Included In expgndtture aro the fdlowlng amounts In respert of rnnt pald on prop8rt1os u8ed for tha eharlty8 dl•nts. 2024 2023 Property rented from chlldren of Mr G H(Y￿ard Property rented from Mr G Howard Prop8ty rented from Mr and Mrs E Walker Property rented from The Reverend Mrs D Tmlball 11.400 1.sg7 4.492 1.919 11.400 1,597 5.437 1,919 During the year the charity received donations tolalling £13,450 (2023 - £15.900) frorn Trustees.

HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 27 Cash g•narat•d from oparatlons 2024 2023 Surplusl(dell¢lt) for the year 45,603 172,429) Adjustments for. Investment income recognts8d in Statem￿ of financial activib8s Gain on disposal of tangible fixad assets Depreciation and Impainnent of langlbje f￿1 &%8ets {23.546) (39,297) 30.070 (8,564) 32.222 Movements in worklng capftal: Decreasel(in(*ease) in debtors Incr￿￿oI(decrea￿) In creditors (Dacr8a$eyincrease in deferred income 11.539 64,440 (28.781) (76,779) {16.4971 49,213 Cuh generated froml(absorbod by) 0￿rntIonS (92,834) 28 Analy•l• of ¢hang•8 In n•t funds At 1 WI 2023 C••h kn Al 31 M•rch 2024 Cash at bank and in hand 795,288 104,157 899,445 795,288 104.157 899.445 Loan8 falllng du• wlthln one y•ar Loan8 falllng due after mor• than cTh y￿r (10,700) (260,024) (10.700) (251,696) 8,328 524.564 112,485 637.(M9