Charlty rnglstration number 11411534 (England and Wal•s) Company regijtratloft numb•r 07490362 ACTIVE HOPE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Eiaiahope ac ive .org LIFE . FAITH . ADVENTURE • xeinadin ACTIVE HOPE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru•ts•• FLA K Curiis J G Curlii S M Flatton R H Hug￿3 G R Palrner A L Shields LDR IAppokrt8d 1 January 20241 {Appoint8d 18Awl 2024) Charlty numb•r IEn9land •nd Wal•¥l 1140534 Company nurn￿r 07490 R•gl•t•rnd olk• S pa￿jb￿fflfr Close Applèton Warrirb3t Cheshirè knd•p•nd•nt •Mmln•r X•kn•Jln N¢Nlh W•sl Lththod 2 Hdllafds Court Chosl•r Buwnes# Cho$l¢r Cheshire CH4 Solkliorn Flona 8nK* & Co J￿Il¥e Houoo 3 Grapp8nhall Ro•d Stockton Hoath WarriThJlon Chesh VIA4 2AH ACTIVE HOPE LIMITED CONTENTS Pag• TnJstees' report Independgnt examlnefs report statement of finan¢lal acaivEti9S Balanca ¥heel Notos to the finan(yal statÈmonls 8-16 ACTIVE HOPE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 The trusteos prasent th￿r amual and ffinarKlal stateM￿ts fr)r Y￿ énded 31 Odober 2Q4. The financ4al ststemenls have beèn prepared in aeo)rdance wilh the a¢)>wnting pokns sat out in note 1 to the fin8nual st*èmÈnts and compty with the d￿ntday res¥Jenlial. Thè thilthen wll ￿ led Ihrotryh Careful￿ slructvrèd actiwt*$ dèsigned to devèlop positwe seW-imag8. make new fr￿d$, beeLwe rrKJrè seff-￿are and Telurn to school with renewed detemiinab.on to succeed and learn. In adthtb)n. al ￿ heart ofthe ￿&￿enb"al expefiènc8ActNe Hope dass assemblies, sharing God's l¢we in a ¢tynamic and relevant way. The ¢xrtdoor actNitie5 that tha thiklren would take part in could include diM￿"r9. Irwntain biknThJ. orienièering. archery, raft building and k2yaking. In addition to Ihese acbmties, all thildren wdl often have tha opportunty to Car￿ in tents. The p￿gramme for eath group w0￿d ba tailorèd to meet the sperific needs of the chiktren in that dass. Thts proiect is supported ty a team of catering voluntéers vtho provhje all the rneals whilst on ￿. IAÈ wère dèlighted lo have an extremety busy summer inlo Aulumn 2024. Tr stsbdty of tho secoThJ year of tha seasonal rental ol thè srte we ttsè for these le￿den11a1 eXp￿nCeS from May to September re￿ty helped our work to grow. Thi5 gave us the 8ecurity to expand our offer SVPFKJrting more chikjren in this way. A possible stepping stone to a luturè whers we have our space to these projects from. The assembty Iheme ￿nb"nu&S to be .1 can do all things through Chrtsi who strengthens mè'_ setbThJ the thaleng6 of tumitig I canys into I can's. Over 51)J c￿ldrèn ben8rllted Irom our Urban Adventu￿ Propct this yèar. r Wam)ar - Provhlos with 2-day opporttsnty in tr* w￿ter when many groups normally wouldn't be outside. DJLI is based at our Urban A(fvenlur8 Base in the SIAILE Iha chikYr•n have breakfast then cook wikj bread on a fire and complete team buikling thties. D￿2 4$ based in woodland building dèns aFKJ playing garnes. the childran enjoy a chippy ￿nch in Ihe wrx)ds. We womde l*eces, walerproots, hats, gloves, wdfies and welty srKks to ensure th* thè chikjren cao Ènjoy their day no matter what the weather. Th8 prop shares a class assembty based around the feedirvj of Ihe 5.C(rf) and how God can do l￿dIb￿ when give everythlrg we habE. Tr¥s year ov•r400 thildren took part in otrt ￿nter￿&￿￿ Proia(a. Which - Works on schwl grouTrts over 4 haf days. E&h s•5s*)n with a wholè dass to encourage teamwork. positive communtstion, knadership skils, (a)operalb)n and tèaThiNk It uses team buijd games and aclivities abn9side orienteerir*J and adven￿r0 h"n6s. Eath Se￿On has a dass assem￿ delNered in an eThJaging ant1 nlerddTve vrdy leaving the thikaren with 4 simple tru￿￿ God m•Je them - God kTh)ws them-Gcty lovès them - God wants us to fol¢yw hm. O¥pr thiklren 14qve laknn part in Ihe Whith Way Ncw Propct th year. ACTIVE HOPE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢hieYemgnts over th? ye•r The big achievement of Ihis year was a smssfil staff f8uuil￿DI phase. employed a great team of young Junioi InslnJ¢tors to train and de¥elop in how we work. They have already had a positi￿ Impacl on our work and will help us lo devdop OUT capaity over Coming years. Thew VLthusia5m to leaffl and how they support o groups Is wonderful to see. The expansion and Ilextbihty of the was cru(yyl for our next fow yèws. After tha disruption of co￿d. Ad￿1bJre Acadèmy W ts￿k to ha¥iThJ a weekeNI avAy in Wale$ this year. M was wonderfijl to haw a c£rfnplel&, a bt of hwd work wen¢ into re4$tsblshiwJ il aThJ the c*ddren thFived in th9 ¢¥perience. This year was the se¢>)nd year of ow seasorral rental of the resNJenli81 Sp￿ we use. It was very suc£essful. Ihg slabilty of hawng our equspmenl there and the routine ol how we work helped to develop the new stsff quickty. 11 feh more like ouc own spac* this year as we were able lo Pwso￿ls9 it with our (Y•vn branding helping it to feel more like home for us. Swèral grants allu*ed ￿ equiThnt to ble￿ ow Glant sknd up P•J[l￿bOaTd5 arvj o mobilp 1ry4V ropes c#)urso being Ihg realty biy Over thè year an)urKI 1.6￿ th￿rgn be￿ frorn work We have sdbx4s on a wailiThJ bst wantiwj to be part of our work. Financial review We (x)nlinued to sg& ￿althY ir#xme over the yewwilh ir￿orne of£263.470. thi5 fiJNJirvJ enabk5 US to serve many children and make a real dIfferer￿ in their INes. It is encoufagiro lo see this from a raThJe of SOUT￿ from indivhluals, churches and a nUrnte￿ of drlfefent grant knnders. This allcws us to keep costs low for schools cwcial aim al limes of infftasing o)sts. As a boafd we eThleavour to ensurg thal we maintain sufficient r￿erVeS to cover 3 months outgoings. The L*)ard recerves regular financaal updates at èach meeting. We contirhug to thank God for Hi5 provision and are keen to Continue lo trust Him for proyisK*n forActNo Hop8 whle being good stewards of tha rnsourc*swo ha￿ been tAe5sed with. Prfnclpal rfsks and unc•rlainti•*. The Board recognizes the many waned risks and diffi(xJllies inherent ¥￿￿￿ working with thildren and young peopl&. We have in place our Safeguarding PolKy wh•* is revwed annualty. We also wort dosety wrth ActNrties Industry Mutual IAIMI whKh provides our pU￿1¢191￿.1ty (>ver aThJ aSsisla￿ should need arise in incident management thfough Pharos. Ac4Ne Hope 8Lso hokls anAALA I￿en￿ whth enables Lts lo mountaineer and use Jarge expanses of waterfor our water sports •thv6bes. We have aL80 agre￿ Covid protocots best prncllxs wilh ow sd￿￿1 (J)nneckns reman ¥iglant b k¢ep them relevant and appFowiate. 11 is the poky of the tharity that ￿TeStsK￿ed funds whith have not been dgs¥Jnaled for a speofic use should b• maintsinad at a level equNalenl lo between three and six month's expenditurg. The twstees considèr Ihal rese￿¥ al thi$ levèl will ensure that. in Ihe event of 8 Si9nikanl drop in fijnding, th8y be ab￿ lo continue the charrvs ent *ivities whle ￿nSideration is given lo ￿y$ in whith ￿lthna1 fvThJs may be raised. This level of reseNes ha$ been maintaThd throughout the yew. Plans for futurn periods Our main wiorty fow 2025 is lo train and r*ase our team irrto leading our projects. Enabling our teaffl to achieve this wll diive up our cap• and help us to support rrwjre thildren and young people. also want to deveh)p our supportw base. ¥o￿nteer IC￿ team nUMte￿ a￿1 fundrwsing I supM)rter events. Our lOng4e￿ vis*)n remains to own larNI frjr (zmyng a c*ntre for our groups lo stay In. This would glve our work even greater s8curity aThl b8nefft h￿d[ed5 more ehthlron and youThJ peopbe. ACTIVE HOPE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 ocfoBER 2024 Structur•p gov•rnan¢o and man*gwnent AdNe Hop8 is a small Christhan charity found8d in Apth 2Cth. It Vm fbCLvpoial8d on 12 Janu•ry 2011 arml re9islered as a charity on 22 Fébruary 2011. Tho chanty is a ¢c*Mpany Iwnrted by guarantee aNI has no share capital. It Is govemed by Its Mwnorandum 0fA8soual￿. Th• trust8•s, vtho are aL30 th¢ dir8Ctorn for thtr purpose of tY*)Vby law. ¥wJ sepml during the year up to Ihe ¢late of signature ol Iho fingndd statements ww•." F LAvery (Appclnled 1 Jarwary 2024) K Curtis J G Curtl$ S M Hatton R H Hugh*i G R Palmer A L Shields R Bruce L D Rc#J•rs (Raslgned 1 J•nuary 2024) (Apwnl¢d 18 April 2024) Appolntm•nt or •l•ctlon of tru•lw• All the Irusle&s give their time }nlUnta￿ty ¥*J rec4he ￿ benth frtyn fv dlarty. Tntyteos ar• s•1g¢#ed by t t￿$1*79 tNsl•os. R•l*t•d4•rty and Tru•ts• DI•¢1￿ul•• None of the Iru31ees has any boneficial inleresl kn th• c4xnpany.M ofth• tsus¢w8 Momb￿ oftha •ny and guarantee kn contrfbul& £1 In the event ol a up. During the yoar, Ih•r8 warn no rtlal¢&paty trans•￿tin8 bthegn ts trustees and fv chanty. No trusloo or any person conne¢t•d with th•m rtt•iwd Why T0￿￿ne￿Iltin. b•Mfft8. or rnimbuTrThnl of¢wA￿S from tha charity. Oryanhatlonal •tructuw• charty's Board ol Truste83 ￿rnPri#•S 8 th•ctors, vtho 8r• I8t&d 8bo¥•, and 15 SUPPOrted by Advisors as and whgn required. The Board Is primarity r•spon￿ble for Ihe dgv¢lopm•nt and direction of tho charity with day lo day operatKJn5 undertakgn by Ihe stall team led by the Lh'rectof of Operation$ and lounder, Dan Curtis. He Is a qualffied tgach8r and the Charity's senior instr(KAor. The other Instr￿￿¥ arg all quaIrf￿d in outdoor actNrfies. Tho truslg08' rnWtw48 apwo¥8d by IM 8o¥d olTnuleo5. TThsto• 3Aprfl 2025 ACTIVE HOPE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACTIVE HOPE LIMITED I report to the truslees on ffly exam￿all)n of th• finw4ial slatemenls of Pdtrfe Fknpe Limtted (the charity) for year gnded 31 October 2024. R￿pon•1b1l100* *nd ba•1* ol report A$ the truste¢s of the charity (and also ts dWectO￿ lor Ihe purp￿ of company lawl. you aw r¢sponsiblo frjr th• preparation of the finan*>al slatemants awJrdaThx t￿lh th• wuwgmonts ofthe Comp8nthAct 2Cth. H9￿n9 sati$fi¢d mys•ll that Ihe financial Slalements of the charity are not required lo bg auditod undoi P8rt 16 01 Ihe Companies Ad 20C6 and afe eligib￿ for irtdeFendent examination. I repNt in fespect of my èxamination of thg charity's financial $lalement$ ¢arried out undèr section 145 of the Charitie5Ad 2011. In cafrying oul my axaminallon I have followed thè Directions giv￿ by the Charty Commi$$K￿ undor s•¢lion 145(5)Ib) ofth8 Chaiilb89Act 2011. Ind¢pend•rtt examln•rfs $tat•ment Since the charity'$ gross incom8 ex¢eeded £250,CIXI. tr• Ind•p•ndenl wamwr must b• • m•mb•r ol o body Il•l•d In section 145 of the Charities Aci 2011. 1 confirm that l am qualif*d lo undertake th8 ￿mination because l am a membor of ICAEW. whKh18 one ofth• hl*J btsdies. I hav8 compknted my •xam6nolion. I confinn no mgtt0rn hm 0￿• lo my attenlkni kn conn•Lknn wlth th• examinalion gNin9 me cause to be&e¥e that in any Mat￿la1 respecl.. 4¢gJunting records w•r• ￿1 kopt in rn8ped of th8 charty ￿ r•qLlrnd by Jecllon 386 of th• Cornpanl•• Acl 20C6. the flnancJo1 stAl•m•nl8 do rvjl ac4x>Td wlth IhD8• rKord•.' or th& fina￿81 slalement5 do not cornpty with the acthunbng requirem8nts L)f se¢lion 396 of the Companies Acl 2Cth olhar than any requirement thal the financial stal¢monts glve a tn￿ and falf ￿$W, whiL* Is not a matt•r considered as part of an independent examinalion.. or the financial slalernents have nol ba￿ pr•p8r•d In xtordarKe wllh th• methods and prfndples ol th Stslemenl of Recommended Pr&aice for accountirwj and reporting by chanb.es applicablg lo charities Pfgparing Ih•ir financial slalements kn accordanc• wllh lh• Reporllng Slandard aPp￿cable In thè UK and Rgpubll¢ ol Ireknd IFRS 102). I have no con¢oms and haNp ￿rne ac¥os$ nc+ mattets i) ts)rmectk)n wtth tho exarnSnation lo whlth attèntion Should b• dmln In thls report In ord8r to •nabl• a Pfop¢r undewBlaThJing of tho fingwal stat•m•nls to b• reached. Stophanie Baker BA{Honsl ACA Xeinadin North We4t Umit•d 2 HillIa￿S Court Chester BusThss Pa Ch8Stèr Cheshiro CH4 9QP 3 April 202S ACTIVE HOPE LIMITED STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Unrn¥trktsd RMtrlct•d fund• fund• 2024 2024 Totsl Unmtrlct•d R••trlGt•d funds fund¥ 2023 2023 Totsl 2024 2023 Ilot•• In¢om• and •ndowrn•nl• Ivom: Donations and legaci8s Charitable activitie¥ Other trading acliM Other income 42,399 99,796 42.399 219298 48,830 101,402 48,830 239,822 119.$02 138.420 Tolal Incom• 143. 119,502 263,470 151.421 138,420 289,841 Exp•ndltur• on: Rai3ing funds Charitsbh aoti¥th8 2.188 187,183 2,186 81.3CKI 288,483 1.969 271.820 156.714 115.108 Totsl •xp•ndltyr• 189,369 81.3(M> 270,869 158.883 115.106 273,789 M•t In¢om•ll•xp•ndltur•) (45,401) 38.202 (T,199) (7262) 23.314 18.052 TrI￿1•r5 bO￿￿Tr fvnds 21.814 121,8141 N•t mov•m•nl In fvndg (23.58TJ 16.388 1.199) 23.314 16,052 R•conclll*tlon ol fundB: Fund balw¢8s al 1 NOVem￿r 2023 186,232 23.314 189,$46 173.494 173.494 Fund b*tsn¢w •t 31 Octob•r 2024 142.645 39.7￿1 182.347 186.232 23.314 189,546 Tha stalttmfjnt offfinanrAa a¢￿￿118$ inrlth al gkn ¥ThJ k)5￿ rgrrw150d ygar.M Incomo and ex￿ndIt￿r• d•th from £￿tinU￿￿ ￿*¥it￿& $ts1oment of financlal aclivitie8 akno c*yrwles wlh Iho reqU[en￿nts for an •¥p•nditure aco)unt urmler the CompanlesAct 20C*. ACTIVE HOPE LIMITED BAIANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Fix•d ••¥ets Tangible assets 13 32,914 Current atsets Debtors Cash al bank and in hand 14 4,426 153.498 4,532 154.587 157,W24 159.119 Cr•ditor4: •mounts falling due wlthln one yaai (1.672) 12.48T) Net current assets 15S,252 156.632 Totsl 45s0ts less curr•nt Ilabllitlos 182,347 189,546 Th• funds ofth• charity Reslricled inwme fijnds Unreslricaed fijnds 39.702 142.645 23,314 186.232 17 182.347 189.546 The company is entttted lo Ihe exemptson from thè a￿lit rgquvement ¢))ntained in s8(knn 477 of the Companies Act 20L￿. for the year ènded 31 Odober 2024. The directors acknowledge their resportsibimies for c￿l￿n9 wrth the r•quirements of the Companie5 Act 20C with resped to accounting re¢ords Ihe preparation offmanoal statements. The members have rKJt r•quirgJ the ccrfnpany to obl•n an of its fina￿ State￿￿ts knr the year in question In accordance with section 476. These finanaal slatements have been pr8p*wJ kn acoNtsnc* wilh tho p￿￿S1)n5 ap￿Kable to ￿mpanieS subiect to the smaN ￿mpanIeS regThe. The finawal statements werg approved by Ihe INst8gS fm 2025 K Curtis Tnmtse Company reglstrabon rwjinber 074W I￿18￿j aThJ Wales) ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 ocfoBER 2024 Accountlng polkl•• Ch•rity Infonnation Actrye Hope Limited is a private ¢ompany lirThl8d by guarantee In￿rpOraled In En*rnl and V*dl&s. Th re9islèrèd office Is S Pangt(Jume Ch)se. App￿tOn, Warringt¢)n. Ctteshife. WM 5FU. 1.1 Accountlng ¢onv•ntlon Th¢ firtancial slatemènts hava been prep*ed kn a¢tsydanr* wilh th8 chanlls giveming document. the Companies Act 2(N)6. FRS 102 'The Financial Rep)rbng Standard appIl￿ble in the UK and Republic of Ireland. and the Chanbes SORP -Accounling and Reporti'ng by Chanties.. Stslemenl of Recommend•d Practice applicable to charrties preparing their accounts in accordance wrth the Financkal Reportr"ng Siandard •pplicable In Ihe UK ar￿ R¢public ol Iteland (FRS 102)". Tho chanty Pubk Benefft Entity as defin8d by FRS 102. Th• ¢h8rity ho¥ tak•n •dv•nl•g• ol th• the SORP for thwllhs not to Woparn a slatofflènl of The finar￿￿OI stal•m•nts arn prepared in sterlng. vthith 6 tha lUndKX)￿ of th• chaiity. Monètary amounts in th¥so financ#Jl staterr￿ts are round￿ lo th• n•or•st Th• finan¢lal $tat•mènts haNY be•n wop•rod the hlstryiL* c05t ￿Me￿lOn. Tr p￿￿pAI ac%ounting poli¢lo8 •Jop¢gd aro set out 1.2 Golng eonc•rn Al Ihe lime of approN4n9 thg ffflancial slal•m8nts, t￿ trust¢e$ have a reascffiablo axpectthn that the charlty has adequate resource$ lo conlinue in operalKJnal extslenct fof the foraseeable lulure. Thus thè truste8$ conb'nue lo adopt thg g￿n9 wic*rn basis ofacuuniryi in wepar¥w the fjnanGial slatements. 1.3 Charltablo fund• Vnrestricted ftmds arn wJllabJo for u$8 at ol th? Injstms kn fvrlhernnce ol tPolr chjritablg obj8Ctive5. Reslrlthd funds are subjttt to spedk ￿￿1&1￿)nS by or grantOTr 8$ lo they may be used. The purposes aThJ usos olthe restrt￿￿ fur￿5 arg s•t ¢xrt in the notes to th• ffin3￿ statements. 1A Incom• Income is rewn1$9d when the tharity 15 legalty enlrtled to rt after any perfornanco cgndillons have been Thl. the amounts can be moasured reliabty. aTra tt Is Pfobable that inrA)me I￿11 be iecolwd. Cash donations are recognised on feceipl. Olher dona￿n9 are wnised onc8 Ihe charity has been notiffiod of the donation, unless perfOn1ban￿ Cond￿On$ iequire defeThal of the amunl. Income tax recoverab18 in relallon to dM8llon¥ re￿￿4￿d Grfihid or deeds of (xminanl Is r•cowbthl at tho time of the donalkn. Donated servlc•s and falxrrtles are recD3ntsed as vthgn Ihg chaffti has ojntrol over the ilem. any ndilions 8ssocl*ed the th)nated item have been met. the receipt of ec4Jnomlc benefft from Ihe use by the charity of tho itém ra probable and Ihal ec4nom* b0￿fit can be measurgd wlrabty On receipt, donaiod Services and faalitse¥ 8rn r8eognis￿ on thè b3¥is of the ¥81ue ofthè 9fft to the charity which is amount the charity would have been willing lo pay to oblwn seMc8s or f*ilths of equNal8nl econom￿ benefil on th• open m4rkg1: a co￿05pOnd1r￿ arnount 15 then recognisgd in expendituro in tha p8rKJd of rK*ipl. ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ountkng poll¢h• Ictsnlln￿d) 1.5 Exp•rtdlbJrn Expenditur& Is rwnised once there 18 a kngal or ctsnstruCti￿ obthgation to transfer economic benefft lo third party, it is prtsbab￿ that a transfer of e￿n0￿* b*￿fil$ r•quired in $8tt18manl, and the amount of Ihe obligation ean b• m•owred rtrliably. Exper￿1bjre is dassified by xbifyty. Tho costs ol exh admty are rnada up of the total of direct costs and shared ctss15, including support o)sts inVo￿ed ￿ undèrtaknng eath actmty. Direct ￿SIS attribulablè lo a sing aclivity affj allocaled d¥ecty to that actmty. Shared c£Jsts whKh contribute to more than one act￿lty and support ts)sts 4¥hl¢h aro not amributable lo a singte aciNity are apportioned betsveen those actmtltts on a basls LYJnsislenl with thè us• ol resources. Cenlral staff costs are alo¢aled on ts ba3is ol time sp8nt. and dopreualton chargès ar• 8lo¢•l•d w the prytion of th? a83•1'8 u￿. 1.6 Tanglbl• Ilx•d iu•t• T•n9ible fixed assets are inllialty measur•d 8t +>xt M￿SUr1d at c¢sl or ￿l￿at￿n. n•t of deprociabon and any impawmonl ￿>5￿. DePre￿allOn Is recognised so as to wrt• off lh• ¢x>•t or Val￿ of assets lem r•8ldual valu•s ov•r th• useful lives on the folknwng bas￿.. Equlpm•nt 33.3% redL*lrw bal**• The gain or kJ$s aris¥w on the dwposa ofan amel Is delennined as the drfyerence be￿e•n th• prwd¥ and tho carying valuo ol the ￿￿01, and li r•¢ognis•d tho $1•1gment of actMtt•s. 1.7 Imp•lnn•nt of flx•d aM•l• Al e#¢h roporiing and dal•, th• dwrity r•vi••n th• (*Tr￿ng aff4)urts of tts t•tvJlbkn •M8t• lo d•t•rn)In• whelh•r Iherg is any indication Ihat those assets have suffered an impairmènt Its$$. If any such indication exists, the rocovetaue amount ol tho a￿1 estimat￿ m order to d8tarrThng ext￿1 of tha imp8inMr loss Irf any). IA C••h •nd cash •qulvahThts Cash and cash equNaknts inthd8 cash in haThJ. *osrfs l￿d al ￿11 wilh banks. other $hort-term I￿4￿￿1 inveslmenls wllh original matUrit￿S ol three rn￿thS or IKS. ￿ bank ovefdrafts. Bank overdrafts are shown within boryowlr4Js ￿ current liabilrties. 1.9 FIMn¢l•l In•truffl•nts The charity ha5 eleded lo appty It￿ prowsiorts of Sed*)n 11 '8aslc FInan￿al Instruments, arKI Sectk)n 12 'other FinanrAal InslNm•nts Issugs. of FRS 102 to am ol rts finwal tr￿tr￿￿ents. Flnancaal inslrum¢nl$ aro r•c49nised kn tho baknx •hMI 1*h￿ tho chath ￿Mme1 party to tho conlractual PrO￿$10n$ of th• InslNmont. FinarKxal assets and liabl￿*8$ wo offsot. with tho nat amounls the financ4al st•t•mgnts, when the￿ is a legalty enfoiceablo right to sel off the recognised amounts aThl thew is an intenthin lo s8tt59 on a net basis or lo realise ihe asset and setue the liabilty simUlW￿jS￿Y. Bask financlal assets Basic finanual 8$sgts, whic* wKhJde detrto￿ cash and bank balanow. are inthalty ffloasured al transadion pri(x Induding tranS￿lI0n LY)sls and afa $ubsequenlty Ca￿led al amorts'5ed cost Lbsing the effective Interesl Method un￿sS the arrangement consblute$ a finanrAng transaction. where the Iransadion bs measured at the presonl value ol the future receipts discounted al a rna￿e1 rate of inlerosL Finanoal a55ets dassif￿d as I￿pAI)le wllhkn ong year ar• r￿t an￿rI1$•d. ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Ac¢ountlng pollGI•• ICoDllnu•d) aask flnanclal Ilablllfj•s Basic financial liabiliti8s. indud1￿ crgditoT3 and bank loans are knitialty r8cogni$èd at transaclion pric8 Lmlass the a￿angernent constitLttes a finantyng transadKJn, where the debt instrument is measurad at tha prasgnt value of the fvture paym&nt$ discx)unted at a martot rnte of interest. Ftr4Thial liablttios dasslfigd as payable wfthin one year are not amortlsed. Dgbl knstrumenls are subsewtty CaTlod at onKwbsed c¢st. the elled1￿ *&er¥$l rats mèthod. Trade creditors a￿ Obl￿alKIn5 to pay for goods or thal been acqulred In the ordinary course of op&ralion3 from suppliers. Afflounts payable are das5rf*d as ￿rrent Ilabililies il payment is due within one y•¥r or less. 11 not, they are presented as rffi4uThenl liabilrfies. Trado credilors are fee4gnised 1rw1i￿ty •¢ tranSa￿lon pr￿ and 3ubsequenty m•awred al amorttsed co$1 u&ng the $ffectibt interest m&thod. Derncognlllon olfln•nclalllablllll•s Flnancial liabilrtios aro d•recogni8ed w￿Tr th• dwW• 9)ntr￿￿1 ￿pIrt or aro dlKhorgod or C8nc*llod. 1.10 Employ•• b•n•fft* The o)sl of any ￿U36d PwJlkJay env1￿￿￿￿1$ pthknd li •mpkny••'s serl￿ a Tomilnation bènefits are rwnis•d irNn•dht•ty 0$ ￿ •xpen8• wh•n th& chiity 18 d•mon8trably c¥)mmiitad to temilnaltt thè 8mploymenl of an erWoyw or to provkh tomiinollon ￿n0￿$. Crltk•l •CGounllrvJ Mtlmit•• and ludg•nwts In lh8 ap￿tatIon ollhè thèrws &￿u￿1{ng pJlka8s, th& tntslees arn rnqulred lo makè judg8m•nts. 98lim8les and assumptions about the caryirvJ amounl of assets and liabihli&s Ihat afe not readity appafgnl from olheT sourc8s. The estimatos and asswaled as5umptNJns are bas8d on hL$10n¢al exporien(* and othor laG*o￿ Ihat are ¢on51d•r•d to be relevant. Actual r￿JIt$ may differ from Ihe$8 e81imates. The •s1Smatgs and urm18rt￿Thj assump1K￿$ arn rnvitr￿ on an oNJowvJ basbs. Re¥lsSons to actounllnp •slimalgs af¢ rgwnised in the p8riod in which the estimate 1$ rebised where thg fo￿510n aff9Cts only that period, or li the period of th¢ w3*Jn and fulurg pgriod8 wher? the reviry•)n affects both currgnl and luturn period8. Inwn• from doMtlon• and b•g1¢10• Unr••trlct•d Unmtrfcted fvnds lunds 2024 2023 L)onations ond 9ft8 Other 42,399 48,478 352 42.399 48.830 10- ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 como from chvllabl• acllviti Unrn¥trict•d RMtri¢l•d fund* lund• 2024 2024 Tol•l Unrp*trlctsd Rutrlcted fund* funds 2023 2023 Tol*l 24 2023 Outdoor educ•tlon Sale of goods Perfornanc* related grants 84.141 84.141 81.614 81,814 15,855 119.51Y2 135.157 19,788 138,420 158.206 99.796 119.502 219298 101.402 138.420 239.822 Incom• from oth•r lladlng •¢tJvlll•• Unrn•trletsd U•vMtrlct•d fund• fund• 2024 2023 Fundrnl8ltyJ •want8 Oth•r In¢on Unrn•trl¢l•d Unmtrfct•d lund$ fvnd• 2024 2023 Bank intw•st 1.109 EXp•nd1￿rn on rnl•lng fvnd• Unr•strlct•d UnrnBtrl¢t•d funds funds 2024 2023 Fundrnknlng and publkty Other hJrKlraisirwJ o)sts 2,186 11 ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Expondlturn on ¢harlt4bh a¢llvlll•• Outdoor Edu¢atlon 2024 Outdoor Edu¢•tloA 2023 Dlr•ct costs Staff tt)sts Deprocialion ar￿ impaiment C8ntr8 hira and fees Food and supplie$ Subcontractors Gift aid tax movement 89,817 16,210 24.428 9.452 11.338 12,853 23,220 8,494 10.840 1.199 118.K 151.243 Sharn of•upport and gov•m•nc• ¢o•ts l•M not• 9 Support Govemanc4 147,964 1.613 118.953 1.624 268.483 271.820 Anaty•l• by lund Unr8stricted fiJnds Restricted fvnds 187,183 81,300 156.714 115,11 288.483 271,820 Support C￿tr allo¢•t•d to •cth*ltl•• 2024 2023 Stsff costs Office costs Equipment hirt and rnainlènar Motor gxpenyes Insurance Subscriptions Training and slaf dothing Professional fee5 and bank cha Independent examiners faes 97.404 12.313 87,993 8,245 24.462 4,888 2,599 5.353 29.659 4,427 2,748 4.493 1,613 1.624 149.577 120,577 Ana￿•d betw••n: Ouidoor EdU￿tIOn 149,577 120.577 12- ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 NO￿ of the truste8s (or any pernons cornodod wilh them) received any remuneration or b8neffts Irom the tharity during the year. 11 Employees The averag8 monlhly numi*r ofgmpby¢es thJirwJ the yaar w88: 2024 Numbof 2023 Numbor Employm•ntcosts 2024 2023 Wages arwj salaries 159,704 157.810 Rernunerdtlon of key manag•m*nt personn The key rnanagemenl personnel of the charity ￿MpriSe the trusl88s, thè head of operations and the prO1￿t manger. The remu￿rat￿)n of key mawement r¥on￿l was as folltr*s: 2024 2023 AgJreg*e 0)mpe￿at￿ 60.378 12 Taxatlon The L*aity is exempt froffl taxalhjn on its *i¥ilJes b￿aUSe al its rKx)m8 is apFl￿d for¢haritabl8 purrK)8es. 13- ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICOKllNUED FOR THE YEAR ENDED 31 ocfoBER 2024 13 Tanglbl• f￿•d *•Mt• Co•t Al 1 Novembw 2023 Additions 131.866 6,034 At 31 Oclob•r 2024 137.900 Doprnclatbon and 5mpalm￿nt Al 1 Novèmbfjf 2023 Depreciab'on tharged In th• year 98.952 12.853 At 31 Odober 2024 111,805 C•rylng amount Al 31 October 2024 26,095 At 31 Odobgr 2023 32.914 14 D•btor• 2024 2023 Amounts f•lkng du• wlthln on• y••r. Oih8r debto 4,426 4,532 16 Cr•dttorn: •mounl• lalllng du• T*lthln on• y••r 2024 2023 Other tax•tlon and •odal securfty 1,8n 2,487 14- ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 16 Restri¢tsd fund5 The restri¢ted Iw)ds of the ￿￿Tty ¢orryi5e the unexpeFKleO bala￿eS 01 aThJ grants hekl on Ir subjed to spe￿￿ ￿ndIt￿)￿S by thJnry5 as to Iw tlw may bè used. Atf In¢omlng R•sour¢es Mov•mbor rn#ouYt•s 0x￿nd 2023 TAnsf•rn At 31 OCto￿r 2024 Mountain bike fund Adventure acadèmy ILmd Advenlts￿ days fund Urban advenlum fund Mentoring fund La￿der￿a￿ trust fund Joseph rankfur¥J 10.169 11.64S 110,1691 (11.645) 24.5￿• 1.112 19,[ 37.3C(I 25,OC(J 115C(I 24.590 2,612 119,C¥X)) 137,3CX)) (12.SW) (12.5(Kl) 12.500 23.314 119.502 (81.3LKI) (21,814) 39.702 Prnvlow year. A11 In¢omlng Rwurcos Ilo¥•mb•r r•soureu •xpènd•d 2022 Transf•ra At 31 October 2023 Mountain Bike Fund Adventure Acadèmy Fund Adventure Days Fund u￿an Adventurg FLmd Mentoring Fund The Lauderdal8 Tnjst Fwxl Th8 Jos8ph Rank FuThJ 13.700 16.420 13.531) (4.775) 10,169 11,645 19.(h)O 37.31)0 {19,OlJ)I 137,3WI 138,OCQ) (12,5(rf)) 12,500 138,420 (115,1C 23,314 Mounlain Bthe Fund - fvnds the purchase of mtxffit￿n bike8 for the tharity. This lur¥J is reduced arfflualy by the deprecation charye of the mountain bikes. Adventure Acadomy Fwld . to the of the *Afveft￿ A¢ademy. K￿duv￿ ¢ampslle fees and stsff costs. Urban Advenlure F￿￿. to sUp￿rt the of the UtsIAtt4erth wop(a. irKkn*rYJ c*mp5itg fees. Mentoring Fund. funthThJ t￿Wards mnthfy staff (Thts. The Lau¢Jerdale Tntsl Fund - to enable the recruitment and d8vebpmenl of Ihre& additional in5twctors to crease the number of classes and s¢*oc4s irb¥ob4ed to expkn￿ the Christian Faith. The Joseph Ra￿ FuThl. fundwJ towards n￿nIlty staff costs. -15- ACTIVE HOPE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 17 UTrrn¥trlct•d fund¥ Tho unrestricted lurthjs of th8 cl￿rity c4Jmprl8• the U￿Xpended balances of don•￿n$ and grnnts whl¢h ar• nol subject to spècific condrtions by donors and graniors as to hc¢* they may be used. These Indudo do8ignat•d fvnds which ha￿ b￿n sel ashje out of fund$ by th• Irust&85 for Spec￿ purposol. A11 Incomlng R•8ourco# Nov•mb•r r•￿￿re•¥ •xp•nd•d 2023 Tr•n•f•rn At 31 Octo￿r 2024 Gen•ral funds 186232 143.988 (189.369) 21.814 142.845 Pr•vk+u• y••r: Incomlng RMour¢ Nov•mb•r rn•oure •xp•nd•d 2022 TraMl•r• At31 O¢tob•r ¥J23 General funds 173.494 151.421 (158.8831 1e6232 18 An•ty•lB of n•tau•l• b•tw••n fund• Unrn•trl¢l•d R••trfcl•d lunds fund• 2024 2024 Totsl 2024 At 31 O¢tob•r 2024: Tangibl• a$$•ts Curr•nt assetsI￿abiIthI) 26,095 156.252 116.$50 39,702 142.64S 182.347 Unr••trl¢t•d RMtrlct•d lund• lund• 2023 2023 Totsl 2023 At 31 O¢tob•r 2023: Tangible assets Current a$Sots1(￿¥bIlth3) 22.745 143.487 10,189 13.145 32.914 156,632 188,232 23.314 189,548 19 R•lat•d party tr*n•a¢tion• During th8 year, the Charity emph)yed a fflembgr of staff who is a rola1p￿ of Iruslees. Thls èmF￿enI Is ryJnduct8d on nom)al commerci* terms based on similar em￿OyeeS in their roles. 18-