Charlty rg918trallon numbv 1137686 Company Teglstratlon number 07309173 (EThJland and Wal¢ty) HOPE INTO ACTION UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOPE INTO ACTION UK LEGAL AND ADMINISTRATIVE INFORMATION The Reverend Mrs D Tthau (ChaÉr) Mr l G Btllage Mr H J Kettel Mf P J Magrman MrsDJNa m M D Symlngton Mrs A Buchanan MrJ PLee Mr R E VIAghknan (App)inted 10 June 2025) {Appolnted 21 Marth 2025) (App)inted 25 March 2025) 8ecrntary Mr M Oldaker Mr E V4èlker MBE Executlvo t•am Jon Kuhrt, CEO Kat8 Doran-smith. Head of Dellvery & Tralnlng Math Oldaker. Head of Finano & Op8r8tion$ Laura Cuthlll. Head of Franch#$ & Safeguarding Charfty numb•r 1137e88 Company numbv 07309173 R•gtst•vgd offlc• 26 North Slfeel Peterl)orough United Kingdom PE12RA Auditor Az*s Audit Seryices Westpolnt Lynth Wood Peterborough Cambrtdgeshir8 Uniied Kingdorn PE2 6FZ Banker4 Uoyd8 Bank plc 65 High stet Stsmford LinInSh United Kingdom PE9 2AT CAF Bank 25 n9$ HillAvenue West Malllng Kent United Klngdom ME19 4JQ The Coryoperatlve Bank Business Customer Serlces P.0. Box 250 Skelmwsdale gan United Kingdom IM8
HOPE INTO ACTION UK CONTENTS Page Ttu3teeg report Statement of trustees, re$ponslbllStles Indeperthnt audiiofs report 10- 12 ststement of fmanclal activities 13-14 Balano sheet 15-16 Statsment of(8sh 17 Notes to the financial statements 18-35
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report aThJ aUnts br the year ended 31 Marth 2025. The financial statements have been prepared in ac£ordanc£ wth the accounting policies set out in note 1 to the financial statements and compty with the thatilvs governing document. the Cornpanies Act 2006 and "Accounts'ng and Reporting by Chaiitie$.' Statement of Recommended Pra[Ce applt(able to chaTities preparing their accounts in acrA)rdance ryth the FinancAal Reporting StsrKlard applicable in the UK and Republic ol Ileland (FRS 102} (effecawe 1 January 2019).. Objectlves and actlvltles Al year end we had a total of 126 houses in OUT Nelwork. We directty manage the aCmModatIOn in PeteOrOugh. NoThvich, Nottingham and Cambridge. The Test of our Network is run by churthes and organisats.ons who run Hope intoA(aion franchs aosS the county. We exist to empK)wer local churthes lo make a lasting difference #i the lives of people affeded by homelessness. This Teport share$ of our core achievemeFrts and Outco from acrDSS our Nets¥0. as wett as highlighting some of the key iUeS. There is no shortage of challenges when it cornes to housing peopte in the current e(Kexl: higher demand. increasingly complex needs. lundiro pressures and a chronic shortage of mov&on options. But this report is evidence that what we are offering tenants is a nde1 that worts. The combination of generous investors. quality housing. professional support and the friendship of local church communlts'es makes vll>nderful things happen. This is the Hope that we put inlo Actionl The Hope Into Acllon model Hope into Action's model offers both huh quality accommodation and positive lat.0nshipS with the IoG81 cnmmunity through the local churth. 11 is this combination that is transformallve. Our model is based on investors who are willtng to use their savings to purchase houses. We then tum these houses into homes for people who would otherwise homeless by partnering with churches who provtde a welcome. friendship and support for tenants. Hope into Aclion's professional staff look after the legalities. housing management, assessment and beneffii appli(ttons. This combination of support empower5 tenants to achieve their goals. At the core of our woth is a commitment to (m"e both professional excellen and spiritual passion. We are committed to professionalism in how we support tenants. manage accomdali0n and how we steward investments. donalions and our people. Alongside this. we want lo mainlain ow passionate belief in the Iransfomwtive rok that the Chrislian faith ptays. Key achievements in 2024125 We opened 19 new homes across the HIA NeOrk this year. Wle are now operating in 37 diffenI locations across the UK and have opened homes in 4 new franthise locations this year. In 2024125. we housed 489 tenants across our Nelwork. We are enuraged by the positive outcomes for our tenants. Auoss our 9 areas. the positive outcomes mamed broadly SiVI3[ to last year. 6 out of our 9 indicators either improved or stayed the same. Of the 41 tenants who me to us having senred a custodial serten, none relumed to prison. We have never had 8 100% of tenants who have pvIOusly been in ptison not retum to prison. 93% of tenants responding to our survey gave Hi4 an overall rating of'great, or'9Crt)d'. en asked lo describe the HIA experience in 3 words. -safe- was the most common response, which has been the case for 4 yeats. The 2nd most ¢omwThJn SpOnSe wag.ltfe changing" and 3rd was "happy.. From our chuich partner sunw. 95% of them would recommend HIA lo feFknY Christians. 91 % fated the communicatn vrith their Empowerment INorkef as'greav or'good,
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 We have made 2 signikant inveslmgnt in ICT this year, imptementing the fir51 Iwo phases of our EMPOWER system which brings all the administrative elements of our model into a single plafform accessible by our Ernpowem*nt Workers on phones. tablets and laptops. We have also implemented an HR syslem to assisl staff with vwious tssks such as booking leave. bgging appraisals and Moniring attendance. Challenges At our TrLeeS, Sidential event in October 2024. we idenlified financial sustainability as a key challenge. Since then, we have worked on strategic answe to this challenge.. 1) managing voids rnore effectively. 2) developing a new investment model which would deliver a new source of incorne and c} new ways of fundraising. In 2023 we signed a contract with a development company to build 3 units of modular housing in Peterborough following a very generous donation from an individual supporter. Unfortunatety, we had to lemiEiale the contract with our suppliers and we are in the process of seming the land. National and local govemmenl have increased expeclations for Supported Housing providers and this has made the situation more challenging for smaller thurth-based franchises. Safeguarding MaInS a key concern and focus. Safeguarding notifications in 2024125 (k>ubled in our line rnanaged locations compared to last year. See below for more infoatr"on. Tenant Democra hics: Who we housed In 2024125 2024-25 Descriplion t2023-24J We housed 489 people IT from 4861 Adults.. 364 (223 Mare. 141 Female)., Children. 125 (62 Male, 63 Female) 50% classed Ihemselves as Vthile British. On 31st Match 2024. 32°/0 of our houses housed at least one refugee. and 38Qfi of ou tenants were refugees (66% families. 34¥0 singks). 3Yo of tenants cortsidered thernselves lo have a disabilty. ragically. we had 2 deaths of tenants this year. 3 babies were bom to tenants. Summa Indlcator of Outcomes In 2024125 from our 9 Indicato % outcome MO detail 34 tenants (induding children) of 486 remained in Hope into Action properties andlor moved on well. Of the 41 tenants who came lo us havin9 senfed a custodial sentence. none retumed to prison. Thi5 is a first for us. 131 tenants have (had) an unheallhy relationship with drugs and alcohol at move in. 96V/o of those have not become more dependent. have reduced their dependency or became sober. 353 of our tenarrts feK that they had improved or maintained positiv relationships this year. 1. Mainlaining Tenancy 89° [1 from 90YoJ 100% 2. Avoiding criminal Behaviour 3. Managing Dwg and Alcohol Usage n fmm 890A] 4. Improved Social Relationships 9PA IT Yrom 90Yol 43% [1 from 53¥oJ 5. Meaningful use of lime= volunteering & Educabon 156 adult tenants were in education. training or volunteering. 6. Meaningful use of time.. Employment 125 of our adult tenants have been in employment of any kind (zero hours, full and part time conlracls). 23°h Waed more than 16 hours a week for longèr than 3 monlhs. % of adult lenants are unable to work. [= 34°AJ
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7. Flnanclal Management 91% 11 from 74%J 91% [= 91%] 333 tenants, finan(ial siluation was stable or imFKovwig. 8. Mental Health 13 tenants, mental health was stsble tx knproving of the 23 tenants who indicated that they had mentsl heatth needs at stsrt o year or point of referra. 146 tenants engaged In a thurch service. Christian course 0 aty. 60% of tenants asked for or HpIed prayer. 14 tenants were b4)tised or madè son kwid of oynnment to the Christian faith. 15trA of tenants engaged 1th a faith group other than the Christian faith. 9. Faith and Spiribjalty 11 from 55%] T<)tal HouBes Open Vile saw net growth of 11 homes th¢ year. 19 opened 8 thsed. Total Houses Open (cumulative) X40 20 zolo 7011 2012 2013 2014 Z015 1010 ZD17 z8 lo Z020 2021 2022 2024 Location¥ actlve In 202025 Line Managed k)(xtions in Blue (4 F(K*"ons Managed ty HIA UK) Franthises in Red <24) Church Franchises in Green {9) Four new 5ocalions opened th6irfjrst homes this year (Canterbury, County Durham. Diss & Newark) and one closed (c). There are 6 nE4V area franthises in the set4Jp phase (Chapel Homes Corby. Milton Keynes, Northamplon. Soulh Leicestershire. Staffordshire and Teesside) taking our total number of locatnS up to 37.
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Safeguarding In 2024-25 there were a total of 82 in(idents reported across the Hope inlo Action neiwork 12023-24: 69 incidenlsl. see breakdown below. The increase was seen in the 4 lin&managed locations. There were 56 safeguarding conm$ reported {2023-24: 37}. The Increase was all from line-rrranaged locations where the nurY*Jer of safeguarding concerns nK)re than doubled (concems reported across Qther locations actualty decreased ty 3). We balieve there are 2 main expianats.ons for the significant rise in safeguarding Teports from our line managed teams.. We have improved our understanding. accounlabilty and reporting around safeguarding concerns. The needs of tenants have in¢ased and extemal support deueased. Feedback Irom staff on the front4ine noles that other support SeNiS are being cut, leaving our Empowerment Workers to fill the gap. Specialist support for menlal heallh has been reduced and threshokls for social services support have been raised. Key Incident Categories Breakdown in order of Oe¢UfT¢n¢e Anti-social BehawourJViolence (AS81VIO}.' 26 cases (3tYoJ Includes tenant con115. threats. property damage, and nehbOUr complaints Several invotved police inlefvention Continues to be highest category 3rd year wnning. Physical Health (PH).. 13 cases (16%) Various medical condrtion5 requirirKJ hospitalisation Indudes seizures. injurie5. and thronic conditions Ment81 Heatth (MH).. 11 cases (13YoJ Includes suicidal thoughts. relapses, and FTEntal health Cfises Often linked to substance misuse a5 3 secondary category Substance Misuse (SUBS)." 8 cases (I0¥o) Primarily involves drug and alcohol relapse Often linked to other issues like mental heatth or antisooal behaviour Child Pffjlectson (CP)." 8 cases (IC%) Includes concems about ¢hild welfare and inappropriate latIOnshIpS Often involves social services Oiher Cat8goiies." Domestic Violence {DV).' 6 cases (7Qkn) Sexual Abuse {SEX)." 3 Cases {4%) Abandonment IABAN).. 3 cases14%) Staff issues.. 2 cases (2%) Death.. 2 c2ses12%) There 1 report made to the Chaftty Commisston about a serious incident regarding death of a tenant via sui¢i(le al the end of August 2024. The Charity Commlssion stated no further action was required. Our Safeguarding Sub-committee and Trustee Board ¢1Ved an annual reporl on Safeguarding from our Safeguarding Lead. Laura Cuthill with further anatysis and recommendatrons whrth we have taken foAvard.
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Risk Management In February 2025. we completed a fvll revlew of our Risk Register and aw5sed these kay factots as represenbng the key risk areas: 1. Failure to rnise grant in( 2. Failure to grow individual dOrS 3. Lack of response to new Investment model (Isatah Partners) 4. EMPOWER costs escalate beyond budget 5. EMPOWER does not deVer on expecLions 6. Diluilon of our Christian ethos 7. An abuse of powerlsafrguarding failure which damages our repulation 8. A significant dispute With a fran(a)ise partner 9. Serious assaull on staff. volunteer or tenant 10. PetertKJrough team- rnanage of perfornn and local PutiOn 11. PToiecls which distrad from core focus e.g. developffent projects 12. Recwitment: low number of appointable appbcants ftt vacani positions Each of these risks has a number of nmbgating a¢ltons wlith we are eommilled to as an organisati) and acLountable to the Board on. Due to Ihe Importan of financial sustainabrtsty. we have a150 developed a set of Core Sustaiiabilty Indicators (Csls) vthith we pOrt on thEY to the Board and which are discussed at each Board meet•ng. Strategie dlretllon for 202&26 We have o)mmitted to the folowing 3 strategtc objectives and we developed an adion plan based under these headings: 1. OUT line-Fnan3god work will bc an incubator of bt practlce Ensure Friends & Support team for every house . Meet occupancy tsrget of 85% Develop local strategies in each Lity 2. Vle will stre4gthen and growourfrnnchi•e Nèiwo Open 3 new franchises Focu5 on growing houses in current franchises Engage ryth national review of supported housirwj & implement Training refresh & online modules ImplerlI Safeguarding review 3 Fèlthful stewardship of fip.ancey gupportern and people Launch EMPOWER online system Develop & launch Isaiah Partner5 investment scheme Implemenl a refreshed donorioumey New communications strategy & branding revlew Develop new HIA book of stoiies Enhanced pasloral support for staff . New perfomiance management system Commentary to the ftnanclal Infom)ation The Trusteeg with regard to resep•es is to seek to maintain wrestricted funds, other than those designated from time to time lor spectfic purposes, at a level suffi(ient to WOVKle the tharity with enough working capital to carry on its existing actlvities successfully for iwo to four monts. This will enable ts trustees to ensure LThtinuty of 8divitEs and honwr tontractual liabilitEs.
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 T1 TnJslee5 have noted that the curront i•vel of unrnstrithd roserves 15 Within that range at 17 monthg. In the unfortunate event of fundmg levels dropping to dangerous levels then the Trustees would have to consider the sale of one of our houses or r8-mortgage a proFety. Cash balance At year end the cash balan was £752.213 (see balance sheet). This is broken down on note 23 into unreslricted (£444,118) and restrf(Xed (£308,095). There are no rapital comNTrnts as at year erKI. Income and Expenditu The net income for 2025 is £30.139 (2024: net incA)me of £45,603) vthich includes donations of variws restricted funds. Trustees monitor the balan of income from the three primary sour. The total 2024-25 was £2.148,305 (202>24". £1,,949). broken down as follows.. 2023-24 Income 2024-25 Income Granti. r>iBAts. f: 10.985. 24¥E E29'..356. 1396 104 t718.419. 38q £$76.127. 469.B37. 229• We continue to be encouraged by the support of various gfant-gtving bodies. Our CEO has been invited to weak at various inlluential forums. often sharing about our values and Ihe importano of Christian dist#Yliveness for Hope into ActIc. We continue to wort( with extemal agency supwrt for grnnt applications. Individual unrestiicled giving was b)wer for 2024-25 (2023-24 induded some large individual donations). Campatgn held up well including a record-bre8.ng Big Give Christmas Campaign. A number of factors supported higher in(xJme from other areas suth as bank interest and the sale of iwo houses (surplus on sale). Our costs {"dHrilabte activities.) have grown by 12.8% (2024: 9.6%). Thig is explained by key factors,. the H)crease in slaff cosls and computer & sof1wa. The Emrrnr first and se(xJnd phase irylenEntation were completed. with the final Iwo phases due lo conTJlete in 202&26. Assets and Investments Hope into Action UK trNns ils main office and 12 houses used to support tsnants. Two propeTlie$ were sold in 2024 and a fvrther property purchased. This is pafl of a strategic plan lo improve the qualty of our stock In Pelerborough. Fuflher property purchases are being considered in the netw as part of the Isaiah Partners strategy. We are very grateful lo our generous donor Made a slgi¥fi(2llt donalTh)n Seve years ago for woperty. He has kindly agreed Ihat we can reprovision this restricted dO[tiOn for our Isarah Partners fu1. We have used some of this to repay our mortgage {savw)g £14k ot annual interest) and the remainder will be used b purchase property in our ne* to enable churches to house those affected by hornelessness. Wje will add lo this fund by designating further funds and IS in fulure years.
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Thank you: To ¢)ur gupportern and Inv¢5tor• VI are deepty greteful to the 269 Indfvldual donors who give fegul8rly to Hope IntoActiDn. And we thank the almost 400 Investord vthose caprtal has purchased the houses in our Network. And we are hugety gefvI to the fdl(wing gr•nt4naklng trusts who supported our wort $0 generousty during 2024125: . Andrews Charitable Trust B&Q Foundation . Beatrice Laing Trnst Beer Ha15 M8ffM)rial Trust Benefact trust Btshop Radford Trust Chades Hayward Foundation Church Ufban Fund Cinnamon Networf( Hopestead . Howard Foundati Jefusal•m TnJst Julia Rausing Trust Kennard Family Fund (via Norfolk Communty Foundation) . LandAld Mauric£ & Hilda Lalng Trust Mazars Pears Foundatton Portlcu8 Souier Charilablo Trust . The Grace Trust Tfansfomiing Notts Together
HOPE INTO ACTION UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 strUcre, goYernan¢¢ and managoment The charity is a company limited by guarantee and a registered charity govemed by its articles and memorarKlum of association. The Tfustees. who are also the directors lor the purpose of company law. and who seNed during the year and up lo the date of signature of the financial stalements were.. The Reverend Mr5 D fball (Chairl Mr l G Billage Mrs J Hunte Mr H J Kettel Mr P J Magowan Ms R Malhew Mrs D J Nash Mrs M D Symington Mrs A Buchanan MrJPLee Mr R £ Wightman {Re$igned 22 April 20251 (Resigned 11 July 2024} (Appointed 10 June 20251 (Appointed 21 March 2025) (Appointed 25 Marth 20251 The existing Trustees have the power lo appoint new lrnstee5. None of Ihe Twslees has any beneficial interesl in the rnpany. All of Ihe Truslees are mefflbers of the company and guarantee to contribute £1 in the event of a winding up. The trustees. report was approved by the Board of Trustees. The Reverend Mrs D Tidball (Chair) Trustee
HOPE INTO ACTION UK STATEMENT OF TRUSTEES. RESPONSIBILtriES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. vtho are also the dtrectors of Hope Inlo Adion UK for the purpose of company law, are responsFble for preparing the Tstee8, Report 8nd the fjnancial statements in accordance bmih applicable and Uniled Kingdom Accounting Standards {United Kwigdom GeneraltyAc¢epted Accounting Pradicel. Company Law requires the Truslees to prepare finan(ial statements for eath financigl year which give a true and fair view of the 5tste of affairs of tharity and of the ino)ming iesources and application of resources. indwjing Ihe inm and expenditure, ofthe charitable (x)mpany for that year. In preparlng these financial statements, the Trustees are requId to: - sele( suitable accounting FliCIeS and then appty them nsIstently.. - observe the ntlK)ds and principles in the Charittes SORP" - make judgements and esiimates that a reasonable and pnthnt: and - prepare the financial statements on the going concern basis unless it is inappropriate to presu* that the charity will continue in operation. The Trustees are reSpOlbIe for keeping adequate acuunting recA)rds that dk%dose wilh reasonable accJJracy al any tiffle the financial posilion of the charity arKI enable them to eTr$u that the financial statements coThply with the Companies A(a 2006. They are also sponSIb lor safeguarding the assets of the charity and hen for taknng reasonabie steps for the prevention and deteclion offraud and other irwularities.
HOPE INTO ACTION UK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOPE INTOACTION UK Oplnlon We have audited the financial ststements of Hope Into Action UK (the 'chariV) for the year ended 31 March 2025 which comprise the statement of financial acttvrties. the balan sheet. the Statent of cash flows and the notes lo the financial statemenis, including a summary of snIficant accounting policies. The finanaal repcrting framework Ihat has been applied in their preparation is applicable law and Uniled Kingdom AccAntIng Stsndards. including FinarFaal Reporting Standard 102 The Finanal Reporting Standard applicable in the UK and RepUbC of Ireland (United Kingdom Generally ACpIed Accounting Practice). In our opinion, the financial statements: give a true and fair view of the stste of th6 charitable company's affairs as at 31 March 2025 and of its incoming resources and appI[tiOn of resources, for the year then ended.. have been propety prepad in accordance with United Kingdom Generally Accepted Accountrng Practi., and have been prepared in accordance wrlh the requirements of the CompaniesAGt 21Xh%. Basis for opinion We conducled our audit in accordance v•ith International Stsndards on Auditing (UK) {ISAs {UK) and appliG3ble law. Our responsibilrties under those standards are fvrther ¢Jescribed in the Auditoffs Spi)nbIlItieS lor the audit of the financial slatemenls section of our report. We are independent of the thatity in accordan wilh the ethical requiremenls that are relevant to our audit of the ffinancial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other elhi(zl responsibilities in accordan with these requitements. We believe that the audit evidence we have obtained is sufficient and approptiate to provide a basis for our opinion. Conclusions relatlng to goin9 con¢em In auditing the ftnanual statements, we have conduded that the trustees, use of Ihe going concem basis ot accounting in the preparation of tlie financial statements is appropriate. Based on the work we have perf0Md. we have not identified any material unrEvtainlies relating lo events or conditions that, dIviduallY or collectiveFy. may east significant doubt on the charity's abilty to contr.nue as a going (x)n¢em for a period of at least iwelve mnth5 from when the financial $talennts are authorised for issue. OUT responsibilities and the reSFk)nsibilities of the Trustees with respect lo going concem are described in the relevant secAions of this ieporL Other inf0mtIOn The other infomptson comprises the inf0mtion included in the annual report other than the finartial statements and our audilorfs report thereon. The Trustees are responsible for the other infoFrnation contained within the annual reporl. Our opinion on the financial statements does nol cover the other information and we do not expre55 any fomi of assurance conclusion thereon. Our resFX)n5ibilty is to read the other information and. in doing so, con5tder whelher the other information is materialty inconsistent wilh the ffinan¢ial statements or our knowledge obtained in the course of the audit. 01 otherwise appears to be materially misstated. If we identrfy Such material inconsistencies or apparent rnaterial misstatements, we are required lo detemiine whether this gives rise to a malerBI rnisslatement in the financial ststements themselves. Ft. based on the work we have perfomed. we conclude that the is a material misstaterr£nl of this other inforrotion. we are required lo report that fact. We have nothing to report in this regard. rdatters on vthich we are required to report by exception We have nothing to report in resped of the following matters in felation to which Ihe CharilEs (Accounts and Reports) Regulations 2008 fequire us lo 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 sufficient accounling records have not been kept., or the financial slatemenls are not in agieement wilh the accounting records." or we have not recerved all the information and explanations we require for our audFi. 10-
HOPE INTO ACTION UK INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPE INTO ACTION UK Respon51bllities of Trusts As explained more fully in the slalement of trustees. responsibilrties, the Trustees, who are also the direclors of the charity for the purpose of company law, are responsible fof the preparation of the financial statements and for being salisfied that they give a true arKI fair view, and for such Intemal control as the Twstees detem)ine is ne$Sary to enable the preparation of financial slalements that are free from matei?al misstatement, whether due to fraud or error. In preparing the financlal StatenIS, the Trustees are responsible lor assessing the tharty's abilty to continue as a going COnrn, disclosing, as applicable, matters related to going concem and using the going concein ba&s of accounting unless Ihe Trustees either intend to liquidate the Charitable company or to ase operations, or have no realistic allemative bul to do so. Auditovs responsibilities for the audit of the financial statements Vve have been appointed as audttor under section 144 of the Charities Act 2011 and report in acoxdance with the Act and ielevant regulations made or having effect thereunder. A further description of our responsibilitie5 is available on the Financial Reporting Council's websrte at.. https:11 www.frc.org.uklaudiiorsresponsibilities. This des¢ription forn part of our auditoes report. Extent to vthich the audit was considered ¢apable of detecting irregularities. including fraud Iriegularities, including fraud. are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, oUtIed above and on the Finanaal Reporting Council's website. to detecl material misstalements in respect of irregularities. induding fraud. We obtain and update our understanding of the entity, its activities. its control environment, and likety future developments, inclu¢Jing in retation to the legal and regulatory franWO appluble and how the enlty is complying wilh that framework. Based on this understanding, we idenlify and assess Ihe risks of material misstatement of the financial statements, whether due to fraud or error. design and perform audit procedures responsive to those ritsks. and obtain audit eviden that is sufficienl and appropriate lo provtde a basis for our opinion. This [ludeS consideratK)n of the risk of acis by the entity that were contrary to appliczble laws and regulatrons. induding fraud. In response to the risk of irregulaiities and non-compliance laws and regUtiorIs, includirvJ fraud. we designed prOdureS lCh induded: Enquiry of management and those tharged with govemance afound a(knal and potential lrtigalion and claims as well as adual, suspected and alleged fraud-. Reviewing minutes of meetings of those charged with govemance". Assessing the extent of Complian with the law5 and regulations conydered to have a direcl material effect on the financial statements or the operations of the entity Ihrough enquiry and inspection". Reviewing financjal statement disclosures and lesling to supporting documentation lo assess compliance with applicable laws and regulations.. Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriatenes5. evaluating the business rationale of signtficant ttansaclions outside the normal course of business and reviewtng accounting eslimales for indicators of potential bias. BecAuse of the inherent lim¢tations of an audit, there is a rlsk that we will not detect all irregutarilies. including those leading to a material misststement in the financi81 statements or non-compliance with regulation. This risk increases the MIE thal corliance with a law 01 regulation is removed from the events and transactions re)lecled in the financial slalements, as we will be less likely to become aware of instan$ of norkcompliance. The risk of not detecting a material misstalemenl resulting from fraud is higher than for one reSu1ng from error. as fraud may involve collusion, forgery. intentional omissions, misrepresentstions. 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 pOrt is made solely lo the ¢ompany'$ membefs, as a tthy. in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we mighl state to Ihe ccmpany's members those matters we are required to stste to them in an audiiofs report and for no other purpose. To the frjllest extent perrned by law, we do not ap1 OT assume responsibilty to anyone 01[ than the company and the ¢ompanls members as a body, for our audit vrt{. for this pOrt, or for the opinions we have forn. Mr Mark Jackson FCA DChA (Senior Statutory Audltor) for and on behalf of Azets Audit SeNices Chartered Accountants Statutory Auditor Westpoint Lynch Wood Peterborough Cambridgeshire United Ktngdom PE2 6FZ Azets Audtt Services 15 eligiNe for appointment as akKlrtor of the charity by virtue of its elrgibilty for appointment as auditor of a company under 5e<lion 1212 of the Companies Act 20C6. 12-
HOPE INTO ACTION UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current finaneial year Unrestrlcted De8lgnaied Restricted funds funds funds 2025 2025 2025 Total Total 2025 2024 Donations and legacies Charitable adivities Investments Other incon 684.833 931,105 45,428 131,139 355.802 1.040,635 1,071.485 931,105 772.134 45.426 23.546 131.139 39,804 Total Incomp 1.792.503 355.802 2.148.305 1,6,949 Raising funds Charitable actNilies 56.777 1.645,278 56,777 363,349 2,061,389 34,372 1.826.974 52.762 Total resources expended 1,702.055 52.762 363,349 2,118.166 1,861.346 Net Incomlngl{oirfgoing) resource5 before Iransfers 90.448 (52,762) (7.547) 30,139 45,603 Gross transfers belween funds {43.648) 258,044 (214.396} Net incomel{expendiiurE) for the yearf Net movement In funds 46.8(K) 205282 (221.943} 30.139 45.603 Fund balances at 1 April 2024 477,882 1.467.283 547.729 2,492.894 2,447291 Fund balances at 31 March 202S 524,682 1.672.565 325,786 2.523.033 2.492,894 The statement of financial actNilies indudes all gains and losses regned in Ihe year. All income and expenditure derive from continuing acttvitie8. The statement of financial adivities also complies with the requirements for an inrne and expendlture account under Ihe Companles Act 2006. 13-
HOPE INTO ACTION UK STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior finaneial year Unrestrlcted Designated Restricted funds fundg funds 2024 2024 2024 Totsl 2024 Notes Donations and legacies Charitable actrwikn'es Investments Oiher income 763,500 772,134 23,546 39.804 307,965 1,071,465 772,134 23,546 39,804 Totsl in¢orne 1.598.984 307,965 1.906.949 Raising funds Charitable actDJilies 34.372 1,553.597 34,372 1,826.974 28.964 244,413 Total resources expended 1.5B7.969 28.964 244.413 1.861,346 Net incomingl{outgoing) resources before transfers 11.015 {28.9641 63,552 45.603 Gross transfers beiween funds 47.366 (1,264) (46.102) Net incomel(expenditureTr for the yearf Net movèrnent in funds 58,381 (30.228) 17.450 45.603 Fund balances at 1 April 2023 419,501 1.497,511 530.279 2.447.291 Fund balances at 31 March 2024 477.882 1,467.283 547.729 2.492,894 The statement of ffinancial adivities indudes all gains and losses recognised in the year. All income and expendilure derive from conkn"nuing activities. The slalement of financial adivities also complies wrth the requirements for an income and expenditure aco)unt under the Companies Acl 2006. 14-
HOPE INTO ACTION UK BALANCE SHEEr ASAT31 MARCH 2025 Fixed as80ts Intanglble assets Tangible assets 13 14 21.000 1.842.407 1.849.186 1,849,186 1,863.407 Curnnt assets Debtors Cash at bank and in hand 16 129.391 752,213 148,428 899,445 881.804 1.047.873 Credltors: amounts falllng due YAthln one year 17 (167,75n (186,890) 713,847 881.183 Total a••¢ts l•M current Il•bllllle• 2.563.033 2,744.590 Craditorn." amounts falllng du• after moro than on• yr 18 (40.OLM)) (251.898) 2.523.033 2,492,894 Incom• funds Propety Spacific proje$ 73.728 474,001 253,165 325.788 547,729 Designated funds 22 I,67265 1.467283 Other charitable furKIs 524,682 477,882 2,523,033 2.492.894 15-
HOPE INTO ACTION UK BALANCE SHEET (CONTINUED) ASAT31 MARCH 2025 The company is entItl to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 Marth 2025, ahhough an audit has been carried out under secbon 144 oflhe Charities Act2011. ThÈ diretttors acknovledge their SponSIbl11"eS for complying wtlh the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the Pfovisions applicable to companies subject lo the small companies regime. The financial slatements were approved ty the Ix)ard of directors and aulhorised foi issue on are signed on its behalf by.. and The Reverend Mrs D Tidball (Chairl Trustee Company Registration No. 07309173 16-
HOPE INTO ACTION UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2024 Note¥ Cuh fl(MT frvm operatlng actlvltlo8 Cash (absorbed byygeneraled from operab'ons 27 (84,902) 60.048 Inve•llng aclmtles Purchase of intangible ossets Purchase of tangible fixed assets Proceeds i)n disposal of tsngible Ilx8d assets Investment Income received (21,000) {76,622) 126.513 23,546 {237,285) 327,9J5 45,428 Not cash generated from Invè•tlry acllvlties 136,C66 52.437 Flnanclng 4etfvnle• Rep8yment of bank loans (218.396) (8,328) Net cash usod In flnonclng 4ctlvlllo8 (218.396) (8,3281 Not (decr*eVInea$e In cash and cagh ulvalents (147,232) 104.157 Cash and $h equivalents at tsglnnlng of year 795.288 Cash and cash gqulvalgnt8 at end of year 752,213 899,445 17-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Charity Infonnation Hope Into ActKJn UK is a pirvate rnpany limited by guarantee intt)rporated in England and Wales. The registered office is 26 North Street, Peterborough, PE12RA, United Kingdom. 1.1 Accounting Convention The financial statements have been prepared in accordance viith the charivs goveming documen( t CotTwanies Act 2006 and "Accounting and Reporting by Charilies.. Statement of Recommended Practice appliiable to chaTities pParing their accounts in aCCX>rdan wth the Finan(#al Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effectrve 1 January 2019)" The chanty is a Public Benefit Entity as defined ty FRS 102. The financial slatements are prepared in slerling, which is the functional cUencY of the charity. Monetary amounts in these financial statements are founded to the nearest £. The account5 have been prepared on the historical cost convention. The principal acc(MJnting policies adopte(5 are set oijt below. 1.2 Going concern At the lime of approving the financial statements, the Trustees have a reasonable expeclatiDn that the charity has adequate resou[S to continue in operational existence for foieseeable future. Thus the Trustees conlinue to adopt the going concem basis of accounting in pparing the financial statentS. 1.3 Charitsble fund$ Unrestncted funds are available for use at the diseretion of the Trustees in furtheran of their charitable objectives unles5 the frjnds have been desi9nated for olhei purposes. Restricted knftds are subject to sperific condilions by donots as to how they may be used. The purwses and uses of the restrided funds are set out in the notes lo Ihe accounts. 1.4 Income Income is recognised when the chanty is legalty enlided to it after any perf0mnCe condiliDns have been met, the amounts can be measured reliabty, 8nd il is probable thai income will be received. Cash donations are COgniSed on 1P1. Other donations are cOgniSed once the charity ha5 been notified of the donation. unfe55 perfomance conditions vequire deferral of the amount. Income tax reco¥er8bte in lats'on to donations received under GiftAid or deed5 of covenant is recA)gnised at the th'me of the donatron. Legaues are recognised on clpt or othemse if the charity has been notnled of an impendin9 d"stribution, the amounl is known, and receipt is expected. If ihe amount is not known. the legacy is treated as a contingent asset. 18-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 A¢countlng pollcleg {Continued) 1.5 Expendlture Expenditure is regnised once thère is a legal or nStru[Ve obbgats.on to transfer econo¢ benefft lo a third party, il is probable that a transfer of economic benefits will be required in settlpnEnt. and the anUnt of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each ackivty are made up of the total of diwi Gosts and shared rx)sts, induding support costs involved in undertaking each actiwty. Direct costs atlributable to a single activrty a allocated diredty to that activity. Shared cnsts which contribule to more than one activty and support costs vthrL* are not atiributsble to 2 s)gle activity are apportioned between Ihose activtties on a basis consistent with the use of $OUTeS. Central staff costs are allocated on the basis ol time spent. and depreciation charges are allocated on the portion of the assefs use. All reSoUrS expended are ac(x)unted for gross, and in the period in which tlw are incurred. VAT is nol recoverable by the charity and as suth is induded in the relevant costs in the Statement of Financial Aclivitie$. Charitable expendilure MpriseS those sts incurred by the charÉty in Ihe delivery of ils aclivities and services for its beneficiaries. 11 indudes both costs Ihat can be alk)cated diredty to such aclivities and those costs ofan indirect nalure necessary to support them. Governan costs indude those costs associated with meeting the constitutional and ststutory requirements of the chartty. All costs are allocated between the expenditure tegorieS of the Statement of Financial Activities on a basis designed lo refiect use of the resource. 1.6 Intanglble fixed assets other than goodvAII It is the policy of the chanty to wrrte off the costs of software develOpEnt againsl proffts in the year in which il is incurred_ 1.7 Tangible flxed a$8ets Tangible fixed assets measured at cost. net of depciation and any impaimient losses. Deprecialion 15 recognised so as lo wrtle off the cost or valualton of assets less their residual values over their useful lives on the following bases.. Land and buildings Shared ownership properties Equipment Motor vehides 1 % p.a. straight line on buildings 1 % p.a. strawjht line 33% p.a. slraight line 33% p.a. straight line Assets in the course of ¢onstruction are not depreciated. The gain or loss arising on the disposal of an asset Is detennlned as the difference between the sale proceeds and the carying value of the asset. and is re(xignised in net incornel(expendrture> for the year. Shared ownership housM)g properties are included in fixed assets at the percentage of the tharityS share in the ownership. Any paytnent for an increase in Perntage of share is treated a5 an addition. Any payments received for a decrease in share is treated similar to the $81e of property. 19-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢counJng policies (Continued) 1.8 Impainnent of fixed assets Al each reporbng end date. the chaiity reviews the ¢arying amounts of its tangible and inlangibte assets to determine whether there is any indication that tIKJse assets have suffered an impairmeni loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impa$ent loss Irf any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call wth banks, other short-lemi liquid investments wrlti original maturities of three months or less, and bank overdtafts. Bank ovetdrafls are shown within borrowings in current liabilities. 1.10 Financial Instruments The thaiity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Othei Financial Instruments Issues. of FRS 102 to all of its financlal instruments. Finanaal instruments are recognised in the charitys balan sheet vknen Ihe charity bec(Nnes paty to the contractual provis)nS of the instrumenL Financial assets and liabililies awe offset, wth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amount5 and the is an intention to settle on a net basis or to realise the asset and Se the liabilty simuKaneously- Basic financial assets Basic financial assels. which include debtors and cash and bank balan, are initialty measured at transadion wice including transacb.on costs and are subsequenlty carried at amortised cost using the effective interest method unless the atrangemenl constitutes a finanang transadion. where the transaction is measured at the present value of the future receipts diso)unted at a Tnat1(et rate of interest. Financsal assets dassified as receivable within one year are not amoriised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans ate inilialty recognised al transaction Price unless the arrangement constitutes a financing transadion. where the debl instrument is measured at the psellt value of the future reIP1S discounted al a markel rate of inteSt. Financial liabilitses dassifted as payable withfft one year are nol amortised. Debt instruments are subsequently (2rried at affiortised cost, using the effective interest rate method. Trade credilors are obligalions to pay for goods or services Ihat have been acquiTed in the ordinary urse of operations from suppliers. Amounts payable are classified as (rrent liabih'ts'e5 rf payment is due wtthin one year or less. If nol. they are presenled as nowFcurrenl liabilitie5. Trade credilgrs ale recognised initially at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contraclual obligations expire 01 are discharge(l or canlled. 1.11 Employee benefits The cost of any unused holiday entrtlement is recognised in the period in which the employee's servi$ are reived. Terninatn benefjts are recognised immediatety as an expense when the charity is demonstrnbly committed to teryninate the employment of an employee or lo provide temiination benefrts. -20-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Accounting poli¢ioS (Contlnued) 1.12 Retlrement benefrts Payments to defined contribution retiren*nt benefit sthenEs are chafged as an expense as they fall due. Crili¢al accounting esttmates and jvdgements In the application of the Charity's accounlirvj pOIje$. Ihe Trustees are required to make JUdgemts, estimates and assumptions aboul the carying arrKJunt of assels and liabilrties that are not readity apparent from other Sour$. The estimates and aslated assumpts'ons are based on historirAI exppTience and other facto that are considered to be leVant. Actual results may differ from these estimates. The estimates and undetying assumptsons are reviewed on an ongoing basis. Revisions to accounting eslimates are recryjnised in the period in which the estimate is revised where Ihe revision affects ¢mly that period, or in the period of the revision and futu periods where the revision affects both cuent and future penods. Donatlons and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Tota 2025 2024 Donations and gifts Legacies receivable Grants receivable 469.650 20,000 195,183 469.650 60,000 510,985 602,075 31,500 633,575 40.000 315.802 161,425 276,465 437,890 684,833 355,8(r2 1.040.635 763.500 307,965 1,071,465 Donations and gifts Donations from dIVidUalS Churches Corporate donations Other 409,837 52.313 409.837 52,313 565,(Y)5 37,070 565.CN)5 37,070 31,5 31.SLXI 469.650 469,650 602.075 31.500 633.575 Legacies recelvable Legacies received 20,000 40,IMJO 60,000 20,OCrf) 40.000 60.0(KI 21
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legacies (Conllnued) Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Reslrided funds fijnds 2024 2024 Total 2025 2024 Grants receivable Albert Hunl Tmst Andrews Charitable Trust B&Q Foundation B&7trice Laing Trust Beer Hanis Memorial Twst Benefacl Trust Bishop Raith)rd T1 Cambridge Cty Council Charles Hayward Foundalion Church Urban Fund Cinnamon Trust Clothworf(ers Foundatio Daughter5 of Jesus Didymus Charity Garfield Weston Foundation Holead Jerusalem Trust Julia Rausing Trust Landaid Charitable Trust Lighthouse Communty Church Maurice & Hilda Laing Charilable Trust Mazars Charitable Trust Norfolk Community F(wndation Peafs Foundation Porticus Foundation Souter Charitsble Trust The Grace Trusl The Howard Foundation Transfomiing Notls Together 7,000 7,000 76,425 5.000 20,0 58,940 58.940 10.000 20,625 1.500 20,000 2.CK)O 15.tKJO 25.IK)O 46,666 1.(KJO 76.425 10,000 5.000 20,625 20.000 1,500 20,000 2.000 15,000 25.000 46.666 1,000 2.000 20,000 20,000 25.0(K) 25.000 2.000 50,000 200 10,000 50,0(H) 2,000 50,000 2C() 10,000 50,000 5.903 76.000 10.000 10,000 15.000 50.000 75.000 7.860 218 15,000 50,(K)O 75,0 76.000 9.073 9,073 218 20,625 20,625 7,883 1,500 45,iKJO 49.993 20.000 20.OC 7,883 2,956 45.000 7,883 1,500 7,883 2.956 45,0 49,993 45,000 6.000 3.000 4,600 13,575 4.600 13.575 3.450 3.450 195.183 315.802 510,985 161.425 276,465 437.890 Charltable activltles 2025 2024 Provision of housing Franchise income Book sales 876,127 54.005 973 718,419 53.458 257 931,105 772,134
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Invo8tm•n18 2028 2024 Rentsl Incorne Interest rece6vable 3.494 41.932 4,215 19.331 45.426 23,546 Oth¢r In¢om• 2025 2024 Net galn on disposal oftanglbte ed a$ts Other incorne 130.287 39297 507 131,139 Ralslng funds 2026 2024 Costs of generating donation8 and18ga(Ae8 34,372 58.777 34.372 -23-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable acllvttle• 2025 2024 Staff costs Depreclatlon and impaim*nt House renlal and running costs House maintenance and equlpment Franchlslng expenses Volunteer expenses Client support Property refutsi8hfrEnt General rates Bad debt expense 1,164.516 1.033.293 30.070 278.561 17.932 50.270 3,142 4.718 14,785 6.382 26,355 21.355 22,860 32.153 3.625 6.426 130.210 6.814 31.137 1.741.964 1.595.508 SuFQOrt costs (se8 note 9) Governar costs (see note 91 314,025 226,086 5.41Kl 2,(1.389 1,826.974 Analy$h by fund Unreslricted funds - general Designated fvnd$ Restricted funds 1,645,278 1,553.S97 52,762 28,964 363.349 244,413 2,061,389 1.826,974 -24-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢08t8 Support Govemance Support (knmance 2024 Property costs Loan interesi Bank and processing charyos Light and heat Travel and svbsist8nce Pfinting, postage and 8tationery Telephone and fax Computer and softwaro Professional and (xJnsultan¢y o)sts Insurance Refrgshments Sundry expeFs Legal lees Accountsncy f88s Au¢M ftss 14.255 4.761 14,255 4.781 15,105 5.167 15.105 5.167 4.727 4.727 4.564 28.184 2,831 28,554 28.184 26.554 4.907 10.881 172.992 8.727 13,150 58.736 10.881 172.992 13,150 56.736 13.810 14.285 4.074 31.318 3,512 1,955 13,610 14.285 4,074 31.318 3.512 14.581 3.749 11.425 14,581 3.749 11,425 5.845 5.400 5,41XI 314.025 5,400 319.425 Z26,lJ86 231,466 Govem8nco costs r8pre8ents Payts to the auditors of£S,4(KI (2024 £5.41XI) for audtt fees. 10 TnvJtae8 Non8 of the Trustees (or any per8orts eomected with trrn) re¢d any remuneration during the year. Four Trustees <2024- 4) lre reln*urned a total of £865 for travolllng expen8e6 (202¢ £673).
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees Number of employees The average rnonlhty nun*)er of employees during the year was.. 2025 Number 2024 Number Average number of empl¢)yees 41 41 Employment costs 2025 2024 Wages and salaries Social secunty o)sts Other pen510n costs 1.006.453 82.858 75205 897,404 68,733 67.156 1,164.516 1,033.293 Included in wages and salaries above are redundancy payFnents totalhng £Nil12024 - £2.213) and termination payments totslling £Nil (2024- £6.035). The average full trne equivalent number of enwloyees during the yeaf was 30 (2024 - 30). The number of errlOYeeS whose annual remUnet1on was £60.000 or more were.. 2025 2024 Number Number £60,Cth- £69,999 Contributions totalling £4,536 (2024". £Nil) were made to defined ntribUtIOn pension sthemes on behalf of employees whose emoluments exceed £60.(M)O. 12 Taxatlon The charity is exempt from tax on in(x)me and gains falling urithin seth.on 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Ad 1992 to the exient Ihal these are applied to its charitable objects. -26-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 InlAnglblo ilxod 4880ts At 1 AFYIt 2024 and 31 March 2025 21,(K)O Amortloatkln and Impalrmont Al 1 April 2024 Amortisation thargèd for the year 21.000 At 31 March 2025 21,( carrying amount At 31 March 2025 At 31 March 21Y24 21.000 -27-
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HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Dèbtorn 2026 Amount• falllng du• thIn on• yur Tenant and fran(*18e debt Other debtors Prepayments and accrued inwme 104.433 11.869 13.089 76.818 5,127 129.391 148,428 16 Loam and ov•rdraftB 2025 Bank loans 44.000 282.396 Payable wlthln one year Payable after one year 17 18 10.700 251,696 40,0 The long4em loan is se¢%red by tsed thargos over ono of the properties owned by the dwrlty. 17 crlt0. amounta lalllng du• wlthln one y1 2025 2024 Bank loan• Other taxalion and social sec#Jr Deferred Incomè Trade c¥edltor8 Olher credltors Accruals 16 4.OCKI 17,699 54,931 29,891 17,325 43,911 10,700 18,301 27,452 88,117 16,716 19 167.757 166,690 18 Crodltoi¥: amount8 falllng due after Moro than on• year 2026 2024 Bank loans 16 251,696 -29-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Defefred income Deferred income is induded in the financial statements as follows: 2025 2024 Deferred income is induded within: Current liabiltlies 54,931 27,452 Movents in the year. Oeferred income at 1 April 2024 Released from previous peiiods Resources deferred in the year 27,452 (27.452) 54,931 56,213 {56.213) 27,452 Deferred income at 31 Marth 2025 54.931 27.452 20 Retirernent benefit sehemes Defined contribution scheme5 The tharity operates a defined conlributton pension scheme for all qualrfwng employees. The assets of the scheme are held separately from those of the chanty in an independentty admintstered fund. The charye to profit and loss in respect of defined contriblon scheTnes was £75.205 (2024- £67.156). 30-
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restrlcted funds The income funds of the charity indude restricted funds Mls1ng the following unexpended balan$ of donations and grants held on trust for specific purposes: Movement in funds Incoming Resour$ sOr txpendgd B•l•nee at 1 Aprll 2024 Trtmfe Balance at 31 March 2025 Speclal projects Beer Harfis MemoiFal Benefact Tnjst Bishop Radford Trust B&Q Foundation Cambridge City Council Chartes Haywa Foundation Church Urban Fund Cinnamon Trust Didymus Trust Grace Trust Hopestead Howard Foundation Julia Rausing Trust Landaid Charitable Trust Lighthouse Communty Churth Mazars Charftable Trust Norfolk Community Foundation Souter Charitable Trust Transfomiing Notts Together Donation for property (Isaiah Fund) 1.500 20.000 2,000 10,000 15.OCrf) 25.OCK) {1,500) {20.IKIO) {2,0(Kl) {10.000) (15.0) {25,CKKI) {46,666) (1.000) (10.000) (3.000) (15.0001 (4.6(X)) (75.000) {7.860) <218) (7,883) 11,5C(11 {6,000) 113.575) (6,441) (214.3%> 7.502 10,C 3.000 15,Crf)O 4,600 75,(KKJ 7.860 218 7.883 1.500 6,000 13.575 7,502 466.500 245,663 474.002 265,802 {272.243) (214.396) 253,165 Other including core costs Jerusalem Trust Legacies 50.000 40,000 (50,000) (40.0001 90.0 (90,0) Property SEIF 73.728 (1,106) 72,622 73.728 (1,106) 72,622 547.729 355,802 (363,349) (214,396) 325,786 31
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 R•stricted funds {Continuedl There are a number of restTicled funds as outlined above, some of which are for specifi¢ projects, some that cover specific elements of core costs. The two largest fijnds are as follows.. Donation for property - this rel8les to donations received to enable Ihe ¢harity to invest in futher property to be used to house tenanls. This is now known as the Isaiah Fund. The transfer out of this fund represents the settling of a mortgage. SEIF - the funds received were for the purchase of a property by the chaDty. A propety was purchased in 2012 and this fund is now represented by fixed assets, but the fund remains a StrICted fund as the funding 15 Frstentially repayable to SEIF rf there is a future change to the use of the propety or the propety is sold. The restricted legacy was used lo house and support refugee families. 22 Designated funds The income funds of the charity include the foltowing designated funds which have been set aside out of unreslricted funds by the trustees for specific purposes.. Babntè ai Re%bUT& Trnnsle 1 April 2023 expended Balance •t l Aprll 2024 Re$•ur¢•s exnded Trn•t5 Balance •t 31 PA*r¢h 2025 Fixed asset fund 1.497,511 {28.964} (1,264) 1,467,283 (52.7621 258,044 1.672.565 1,497,511 (28,9641 <1,264) 1.467.283 (52,762) 258,044 1.672.565 The fixed asset fund represents the net book value of the property and other fjxed assets that is not represented ty restricted funds. excludin9 the mortgage owing and £60.OLXI (2024- £60,OCKI) investment from unreslricted funds in awrdance wth the charty's resee5 policy. -32-
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HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Opernling lease commltments At the reporting end dale the charity had outstsnding commitments for future minimum lease payments under nOn-¢anlIable operatlng leases. which fall due as follows= 2025 2024 thin one year Beeen and fwe years 109.584 8.156 2.074 98.704 117,740 25 Capital commitments 2025 2024 Al 31 March 2025 the tharity had pital commllrnenls as follows". Contracted for but not provrded in the financial slatemenls.. Acquisilion of property, plant and equipment Acquisrtion of intsngible assets 450,(X)O 14.400 464.41XJ The contract for the aCqu1b0Tr of propety, ptant and equipment included in 2024 was temiinated during the year. 26 Related party tsaniactlo Remuneration of key management personnel The remuneration of key management personnel including pension (J)ntributions is as follows. 2025 2024 Aggregate compensation 191229 165,506 Key man8gement peTronnel represents 4 {2024- 4) members of slaff who form the executive team. Included in expeThliture are the following amounts in respect of nt paid on properties used for the charitys dients. 2025 2024 Property r8nted from children of Mr G Howard {ResFgned 16 November 2023) Property nted frorn Mr G Howard {Resigned 16 November 2023) Property rented from Mr and Mrs E Walker Property rented trom The Reverend Mrs O Tidball 11,400 1,597 4,492 1,919 4.492 2,115
HOPE INTO ACTION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 28 Rèlated party transactlon• (Contlnuod) During thè year the chaffty received donalions totsllng £17,250 (2024- £13.450) frwn Tres. 27 Ca8h generated from op•rdllon8 2025 2024 SuTpkB for the year 30,139 45.803 Atyslnnls for. Inveslment rewgnl8¢d ln StatEnt of )Inanclal actlvllles Gain on •JSsposal of tangible fjxed assets Depredion and ilTP8lmiént of tangible fixed assets (45,426) (130,28n 53,868 (23.546) (39,297) 30.070 Movements in worting Ixpitsl: De¢aSe In debtors IDeryea8e)Ancrea$e In rAeilftor8 Inc¥easel(decrease) In defeffed inc¥)m8 19,037 (19.712) 27.479 11,539 64.440 {28,761) Cash (ab•orW byyg¢n•rat¢d fron7 op•rallon• (64.902) 60,048 28 An•ly•h of ¢h•ng•• In n•t lund• At 1 Api#2024 Gtsh Ilom At31 h1•r¢h 2025 Cash at bank afid In hand 899,445 (147,232) 752,213 (147,232> 752,213 Loans falllng due withln one year Loans falllng due 8fler nre than one year (10.700) (251.696) 6,700 211.696 (4,LK)O) (40,000) 637.049 71.184 708,213 -35-