Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Company Number 07979812
Charity Number 1151572
ANNUAL REPORT &
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
pg.1

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Contents
For the year ended 31 March 2025
Page
Legal and Administrative information
Trustees AnnuaL Report
Independent Examination Report
10-11
Statement of financial activities
12
Balance sheet
13
Notes forming part of financial statements
14-23
pg.2

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Legal and Administrative information
For the year ended 31 March 2025
Registered company number
07979812
Registered charity number
1151572
Registered address
33 Brook Road
Rayleigh
Essex
SS6 7KJ
Trustees up to 25 Feb 2025
B Chapman
G Chapman
RFOX
H Prentice
M Ward
Wward
Trustees from Feb 25
Elaine Heyworth
Mark Branch
Dominic Micklewright
Company secretary
R Fox (up to Feb 2025) Beverleywhittaker (Feb 251
Bankers
HSBC
48 High Street
Rayleigh
Essex
SS6 7JH
Independent Examiners
Saffery LLP
10 Wellington Place
Leeds
LS14AP
pg.3

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Trustees Annual Report
For the year ended 31 March 2025
The trustees (who are also Directors for the purposes of the Companies Act) present their
annual report together with the financial statements of the company for the 1 April 2024 to 31
March 2025 reporting period. The trustees confirm that the Annual Report and financial
statements of the company complywith the current statutory requirements, the requirements
of the company's governing document and the provisions of the Statement of Recommended
Practice {SORPI, applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Effective 1
January 20191 as amended by update bulletin 1.
Objectives & Activities for the period
Policies and Objectives
In setting objectives and planning for activities the trustees have given due consideration to
general guidance by the Charity Commission relating to public benefit.
The charity's objectives are:
11) To develop the capacity and skills of the members of the socially and economically
disadvantaged community of Essex in such a waythat they are better abLe to help
identify and help meet their needs and to participate more fully in society.
(2) The relief of financial hardship among people living or working in Essex by providing such
persons with goodslservices which they could not otherwise afford through lack of
means.
Activities for achieving objectives
Hopeworx carried out 3 main activities to meet our objectives in the year:
Running 8 furniture re-use project
Supply of emergency food packs
Channelling surplus food to other charities and organisations in the area
The activities have continued post year-end within The Saint Vincent de Paul Society (England &
Wales}. All of these projects operate through the valuable contribution made by 6 volunteers
with 2805 hours clocked up in the year (2024-4120).
Volunteering opportunities are provided to support and empowerthe volunteers to help them
gain confidence, experience and skills to enable them to enter or re-enter the workplace.
pg.4

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Trustees Annual Report
For the year ended 31 March 2025
Main activities undertaken to furtherthe charity's purposes for the public benefit
The public benefit from on-going activities included:
Running of a furniture re-use project, meeting needs by providing affordable furniture
and appLiances to those in the local area and reducing18ndfiLI
Supply of Emergency Food Packs, meetingthe needs of those in crisis with food poverty
Providing surplus food to other charities and organisations, for these charities to meet their
charitable purposes through the provision of this food and to avoid excess waste or landfill
Volunteers
The role of volunteers within Hopeworx is crucial in that the project would not be viable without
them. With 280512024-41201 hours in this year, it has enabled us to achieve our objectives.
Volunteers cover all areas from sales desk, cleaning, furniture repairs, assisting with warehouse
duties and assisting with deliveries.
Volunteers come from all walks of life and include retired, long-term unemployed, those with
mild mental health issues and anyone who has time to spare and wants to give back some time
to society.
Our aim is to help volunteers meet their full potential and overcome any issues they may have
with confidence or anything else to enable them to enter the market place and find employment
in the future.
Achievements and performance
a. Key financial performance indicators are as follows:
Percentage of the number of special invoices (free of charge, discounted or supplied to Essex
County Council) against the number of invoices in a month was 16.34 % compared to 15.11 Oh in
2024.
Percentage of the value of speciaL invoices against the total of invoices in a month was 41.17 %
compared to 40.04 % in 2024.
Sales per working day was £926.73 compared to £874 in 2024.
pg.5

## **Hopeworx** 

## **Trustees Annual Report** 

## **For the year ended 31 March 2025** 

77.14% in 2024. 

• Volunteer hours as a percentage of sta� hour in month 27.3%, compared to 42.22% in 2024. 

compared to 65.35% in 2024. 

## **b. Review of activities** 

Hopeworx provides Emergency Food Packs to anyone in crisis for whatever reason. These are provided by referrals from social organisations and other churches. Post pandemic the demand continues for these packs.  This year we provided 722 packs feeding 2231 people for up to a week, compared to 530 packs feeding 1,590 people in 2024. 

The higher demand remains in place. Donations of food and money continue to mainly meet the demands. Grants have also been awarded to us to help with the additional costs of providing this service. 

Hopeworx continues to collect surplus food from 4 supermarkets and 1 fast food retailer. This food is collected and distributed to various charities and organisations in the area who come and collect this food. It is also used for the Emergency Food Packs where appropriate. 

Hopeworx has continued the Reuse centre in Rayleigh where furniture and electrical appliances are provided to the general public to buy or are sold at a discounted price to those on certain benefits and given away free of charge to those who find themselves in crisis. The Hopeworx Essential Living Partnership Fund (HELP Fund) is a designated fund for meeting the needs of those who have exhausted all means of providing furniture for themselves and need assistance. This is done through referrals from other organisations or churches. 

pg. 6 



Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Trustees Annual Report
For the year ended 31 March 2025
Financial review
a. Going concern
The Charity's assets and liabilities were donated to The Saint Vincent de Paul Society (England
and Wales) on 1 April 2025 and therefore these accounts have been prepared on a basis other
than going concern. No materi8L adjustments arose as a result of ceasing to apply the going
concern basis.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association on 7 March 2012.
The company is constituted under a Memorandum of Association dated 7 March 2012 and is a
registered charity number 1151572.
The principal object of the company is to provide relief of need within the community.
b. Method of appointment or election of Trustees
The management of the company is the responsibility of the trustees who are elected and co-
opted under the terms of the Articles of Association.
c. Organisational structure and decision making
ALI policy decisions are made bythe trustees with day-to-day operational decisions made by the
employed Project Manager.
Plans for future periods
a. Future developments
At a trustees meeting in October 2024 the trustees discussed the future of Hopeworx and their
ongoing roles as some of the trustees were looking to retire in 2025. They expressed a desire to
hand the charity, including all its assets and activities over to an organisation with the same
ethos as them and they identified a potential organisation they felt would be a good fit. This
organisation was the St Vincent de Paul Society (England & Wales) (also known as the SVP).
already a registered charity under registration number 1053992 and a company limited by
guarantee under 3174679.
pg.7

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Trustees Annual Report
For the year ended 31 March 2025
Hopeworxthen approached the SVP 2nd discussions commenced about transferring all assets
over to the charity in the newfinancial year of 2025. The SVP sought legal advice and took a
proposal to their Board of Trustees in November 2024, which was duly approved. A letter of
commitment was sent to Hopeworx in December 2024, setting out the SVP'S intentions to
merge the operations of Hopeworx and to continue to operate the Hopeworx projects in the
same manner and with the same employee team and volunteers. In terms of the structure of
the merger. it was proposed that:
the current trustees of Hopeworx, appointthree trustees of SVP 8S trustees of Hopeworx;
the current trustees of Hopeworx wouLd then step down.
the new trustees of Hopeworx would continue to operate Hopeworx within its current
structure.
the newtrustees of Hopeworx. would then engage with the SVP in a restructure, bywhich,
the assets and undertakings operated by Hopeworx would transfer to the SVP corporate
the current Hopeworx corporate entity would remain registered at both Companies
House and the Charity Commission for England and Wales, but as a dormant entity, for
the following reasons:
to ensure no other entity is registered in the name Hopeworx.
o to ensure that any legacies which have been included in Wills where the
individuals are still livingwill pass to Hopeworx and subsequently to SVP.
SVP WILI continue to operate the undertaking currently known as Hopeworxwithin the SVP
Essex operations.
any assets transferred from Hopeworx to SVP WILL be treated as restricted funds. within
the current objects of Hopeworx, i.e. they will only be used for the charitable purposes in
Essex and will not be used within the wider SVP;
any new assets created by Hopeworx will be available for use within the wider SVP.
however. SVP will continue to use these as far as possible in respect of the seNices to the
community in Essex;
SVP will register a trade mark for"Hopeworx" for the activities undertaken to protect the
name and to ensure that the name can be used in the future.
SVP will operate the Hopeworx services as St Vincent de Paul Society Hopeworx for a minim
of three years following the transfer.All of the above was agreed by the trustees and all
preparatory work was completed on the 31 March 2025, with the exception of the trade mark
registration which is yet to be completed. The new trustees who took over from the exiting
trustee on 25 February 2025 are listed below:
Elaine Heyworth
Mark Branch
Dominic Micklewright
pg.8

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Trustees Annual Report
For the year ended 31 March 2025
Trustees, responsibilities statement
The trustees (who are also directors of Hopeworx for the purposes of company law} are
responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of the
charitable company for that period. In preparing these financial statements, the trustees are
required to:
select suitable accounting policies and then applythem consistently"
observe the methods and principles in the Charities SORP IFRS102}'
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed. subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that are sufficient to show
and explain the charitable company's transactions and disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
This report was approved by the trustees, on (insert date) and signed on their behalf by:
Skjned by..
A787B5447BFD47D..
Signed
Mark Branch, Trustee
Date:
27 January 2026
pg.9

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Independent Examiners Report
For the year ended 31 March 2025
Independent examiner's report to the trustees of Hopeworx
I report to the charity trustees on my examination of the accounts of the Company for the year
ended 31 March 2025.
Respective responsibilities of trustees and examiner
As the charity's trustees of the Company (and also its directors for the purposes of company
lawl you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under section 145 of the Charities Act
2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the
Charity Commission under section 14515) (b) of the 2011 Act.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity
and a comparison of the accounts presented with those records. It aLso includes consideration
of any unusual items or disclosures in the accounts. and seeking explanations from you as
trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit and consequently no opinion is given as to whether
the accounts present a'true and fair view. and the report is limited to those matters set out in
the statement below.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l a member of the Institute of Chartered Accountants (England and
Wales} which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the
2006 Act. or
2. the accounts do not accord with those records: or
pg. 10

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Independent Examiners Report
For the year ended 31 March 2025
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a'true and fairview, which is not a matter
considered as part of an independent examination- or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102).
Other matters
We draw attention to note 1 of the financial statements which describes how the Charity has
transferred its operations to the Saint Vincent de Paul Society (Eng￿nd and Wales} subsequent
to the year end, and as such the Trustees do not consider it to be appropriate to adopt the going
concern basis of accounting in preparing the financial statements. Accordingly. the financial
statements have been prepared on a basis other than going concern as described in note 1.
I have no concerns and have come across no other matters in connection with the examination
to which attention should be drawn in this report in order to enabLe a proper understanding of
the accounts to be reached.
Signed:
28 January 2026
Name: SallyAppleton
Institute of Chartered Accountants (England 2nd Wales)
Saffery LLP
10 Wellington Place
Leeds
LS14AP
pg.11

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Statement of Financial Activities
For the year ended 31 March 2025
Unrestiicted
Fund
Restricted
Fund
Designated
Fund
2025
Total
2024
Total
Note
Incomingresources
Incomlng resouresyrom generated funds
Donations and legacies
Charitable activities
Investment incotne
5,941
281,365
5,782
5,941
288,875
6,047
300.863
6,851
274,378
4,204
285.433
7.510
266
Total Incomlng resources
7.510
Resources expènded
Charitable aciiviiies
Totsl resources expended
288,982
288.982
7,510
7.510
575
575
297,067
297,067
289,247
289,247
Net incominglloutgoingi resources
before other recognlsed galnsllosses
4.106
13,8141
Profit on sale of assets
2,929
Nèt movemÈnt in funds
4.1(
13091
18861
Totslfunds brought lo￿ard
329,465
14.126
343,591
344,477
Totslfunds carrled fon¥ard
17
333.571
13,817
347.388
343.591
The notes on pages 14 to 23 form part of these accounts.
pg. 12

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Balance Sheet
For the year ended 31 March 2025
2025
2024
Notes
Flxed assets
io
44,078
57,701
Current assets
Stocks
Debtors
Cash at bank and in hand
Totalcurrent assets
li
12
10.179
9.816
286.057
306.052
8.968
3.667
277.626
290.261
Credltors- amounts falllngdue
wlthln oneyear
13
12,7441
14,3721
Net current assetsllliabilitiesl
303.309
285,890
Totalassets Less current liabilities
347.388
343,591
Total net assets
347,388
343.591
Capitaland reserve5
Unrestricted funds
14&15
333.571
329,465
Restricted fLJnds
Designated funds
13.818
14.126
Totalfunds
347.388
343.591
For the year ended 31 March 2025 the company was entitled to exemption from audit under
section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476
ofthe Companies Act 2006.
The directors acknowledge their responsibility for complyingwith the requirements of the Act
with respect to accounting records and their preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to small companies regime.
The directors declare that they have approved the accounts above.
SWA￿d ty..
Signed:
Mark Branch, Trustee
A787e$4478F047D..
Date:
27 January 2026
pg. 13

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
General information
Hopeworx is a charitable company, limited by guarantee, registered in England and Wales. Its
principle off ice address is 33 Brook Road, Rayleigh, Essex, SS6 7XJ.
Accounting policies
2.1 Basis of the preparation of the accounts
The financial statements have been prepared in accordance with the Charities SORP (FRS
1021 Accounting and Reporting by Charities: Statement of Recommended Practise applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 2019), the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
Hopeworx meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost ortrans8ction value unless otherwise stated in the
relevant accounting policy.
Going Concern
The Charity's assets and liabilities were donated to The Saint Vincent de Paul Society {England
and Wales) on 1 April 2025 and therefore these accounts have been prepared on a basis other
than going concern. No material adjustments arose as a result of ceasing to apply the going
concern basis.
Cash flow
The financial statements do not include a cash flow statement because the charity. as
a smalL reporting entity, is exempt from the requirement to prepare such a statement
under Financial Reporting Standard 1 "Cash flow statements"
2.2 Income
All income is recognised once the company has entitlement to the income. it is probable that
the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement. the
probability of receipt and the ability to estimate with sufficient accuracy the amount
receivable. Evidence of entitlement to a legacy exists when the company has sufficient
evidence that a gift has been left to them (through knowledge of the existence of a valid will
and the death of the benefactor) and the executor is satisfied that the property in question
WIIL not be required to satisfy claims in the estate. Receipt of 2 legacy must be recognised
when it is probable that it will be received and the fair value of the amount receivable. which
will generally be the expected cash amount to be distributed to the company, can be reliably
measured.
pg. 14

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
2. Accounting policies (continued)
Grants are included in the Statement of FinancialActivities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is
shown in the relevant funds on the Balance Sheet. Where income is received in advance of
entitlement of receipt, its recognition is deferred and included in creditors as deferred
income. Where entitlement occurs before income is received. the income is accrued.
Gifts in kind donated for distribution are included at valuation and recognised as income
when they are distributed to the projects. Gifts donated for resale are included as income
when they are sold.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant
is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods
have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is
classified by activlty. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single
activity are apportioned between those activities on a basis consistent with the use of
resources. Central staff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion otthe asset's use.
Expenditure on raising funds includes all expenditure incurred bythe company to raise funds
for its charitable purposes and includes costs of all fundraising activities events and non-
charitabletrading.
Expenditure on charitable activities is incurred on directLy undertakingthe activities which
further the company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where
the offer is conditional, such grants being recognised as expenditure when the conditions
attaching are fulfilled. Grants offered subject to conditions which have bot been met at the
year end are noted as a commitment, but not accrued as expenditure.
All expenditure is net of VAT as the charity is registered for VAT.
pg. 15

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
2. Accounting policies (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the company. this is normally upon notification of the interest paid
or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £50 or more are capitalised and recognised when future
economic benefits are probable and the cost of value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any
accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its
intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual
value over their estimated useful lives.
Depreciation is provided on the following bases:
Short-term leasehold property- Straight line overthe term of the lease
Motor vehicles- 20¥0 Straight line
Fixtures and fittings- 25% straight line
Office Equipment- 33% straight line
2.6 Stocks
Stock relates to bought-in goods and is valued at the lower of cost and net realisable value
after making due allowance for obsolete and slow-moving stocks.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after anytrade discount
offered. Prepayments are valued at the amount prepaid net of anytrade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a
short maturity of three months or Less from the date of acquisition or opening of the
deposit or similar account.
2.9 Liabilities and provision
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of
a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably.
pg. 16

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
2. Accounting policies (continued)
Liabilities are recognised at the amountthat the company anticipates it will pay to settle the
debt or the amount it has received as advanced payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material, the provision is based on the present
value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific
to the liability. The unwinding of the discount is recognised in the Statement of Financial
Activities as a finance cost.
2.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as
basic financial instruments. Basic financial instruments are initially recognised at
transaction value and subsequently measured at their settlement value with the exception
of bank loans which are subsequently measured at amortised cost usingthe effective
interest method.
2.11 Employee benefits and Pensions
The cost of short-term employee benefits are recognised as a liability and an expense. The
company operates a defined contribution pension scheme and the pension charge
represents the amounts payable by the company to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the company and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the
Trustees for particular purposes. The aim and use of each designated fund is set out
in the notes to the financial statements.
Investment income, gains and losses are aLlocated to the appropriate fund.
Restricted income funds are those donated for use in 8 particular are8 orfor specific
purposes, the use of which is restricted to that area or purpose.
pg. 17

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
3. Incomi￿troM donatlonsand legacles
UNestricted
Funds
Restricted
Funds
Desi￿ated
Funds
Total
2025
Total
2024
Generaldonation5
Giftaid reciairned
5,818
123
5.941
5,818
123
5,941
308
6,851
2024
6.851
6,851
4. Incomefrom charltable act[￿tIeS
Umesiylcied
Funds
Re￿￿¢re
Funds
Deslgn*ed
Funds
T￿aL
2025
Trfal
2024
Recycled items sales
Grants
281.365
281.365
7.510
288,875
266.973
7.405
274,378
7.510
7,510
2Bi,365
2024
266.973
274378
5. Investment Income
Unrestricted
Funds
Restricted
Funds
Designated
Funds
TotaL
2025
Total
2024
Localca5h
5,782
5.782
266
6,047
6.047
4,204
4204
266
2024
262
4204
6. Analysisof expenditure bya￿1¥111es
Activities
undertaken
Grant
fundingof
activities
Support
Costs
Total
directly
2025
Funds
2025
2025
Recycled itsms
278.681
278,681
575
575
17,811
17,811
297,067
297,067
pg. 18

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
6. Analysis of expenditure by activities (continued)
Unrestricted
Funds
Restricted
Funds
Designated
Funds
Total
2025
Total
2024
Analysi$ of direci costs
Staff training
Wages
Rentand rates
Insurance
ghtand heat
Motor and traveLiingexpenses
Printingstalioneryand advert15ing
Telephone
Computer costs
Website costs
Legaland professionalfees
Repairs and maintenance
Sundryexpenses
Purchases & InstaLiaiion fees
300
137.863
38.￿7
300
137,863
40,400
180
140,611
38,449
1.403
7,129
4,666
1.627
3,047
1,919
2,144
856
,207
5,479
1.627
3.047
1.919
2,144
856
2,658
1,569
1,883
935
2,737
4,029
64,851
3,210
278,681
3,423
4,308
62,656
2,548
275,793
4.029
58.744
3.210
271,171
6.107
Staff & volunteerwellare
7,510
Total
2025
Total
2024
Analysi$ of supportcosts
Depreciation
Bankcharges
Goveinance costs
13,623
3,409
779
17.811
8,305
3,092
501
11.898
7. Independent examiner's remuneration
The independent examiner's remuneration amountsto an independent examiner fee of £l.000 includingvAT12024:
£5001.
pg. 19

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
B. Staff costs
Total
2025
Total
2024
Wage5and salaries
Socialsecurityc05ts
Contribution to defined cantributioncontritKrtion schemes
130.252
4,162
3.449
137,863
132,967
4,556
3,088
140,611
The average numberofpers0nsempl0￿d byihe companyduringthe yearwas as foll(Ms:
2024
No.
Management
Administration
LoElStIcs
No employee received remunerakn.on amounts.ngto morethan £60.0￿ in ertheryear.
Therewa50ne rnember ofkeymanagementinthe re￿r￿[l￿perI0d. this emttye earneda totslofg29.77812024: 231.9671
9. Trustees. remuneration and expenses
Duringthe year. notrustees recewed any remunerationor otherbenelits12024: £NILI
Duiingthe year ended 31 March2025. notrusleeexpenses have been incurred12024= £NILI
10. TanObLefixed assets
ShLWt-temi
leasehold
Motor
vehlcies
Fixtures and
ttlngs
Olfice
Equlpmem
property
Trfal
Cosi orvalu*ion
At l Apri12024
Aditions
Disposals
Al 31 March2025
21.444
57.089
7.316
8,992
94.841
57,089
7,316
8,992
94,841
Depreclatlon
At l Apri12024
Charge lor the year
Disposals
Al 31 March2025
18.034
912
5.842
11.400
5.142
8,122
404
37.140
13.623
17.242
8,526
50,763
Net bookvalue
At31 March 2025
39.847
1.267
44,078
At31 March 2024
3.410
51.248
2.174
870
57.701
pg. 20

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
11. Stock
2025
2024
Finished goods and goodslor resale
10.179
10,179
8.968
12. Debiors
2025
2024
Duewlthln oneyear
Trade debtors
Prepayments and accrued income
7,676
2.140
9.81$
1,714
1,893
3,667
13. Creditors: Amouritsfalbngduewithin oneyear
2025
2024
Trade creditors
Other taxation and socialsecurity
Accurats and deferred incorne
83
1.660
1.000
1744
3.206
667
4,372
Statement offunds
Balanceat
0110412024
Balance at
3110312025
Incorne
Expenditure
Transfers
Currentyear
unrestri￿ed funds
Designated funds
H.E.L.P. funds
Totaldesignated fuNIs
14.127
14.127
266
15751
1575
13,818
13.818
Generalfunds
Geneialfunds
329,465
293.088
1288,982
1288.982
333,571
333,sn
Total un[e￿ritted funds
Restrictedfunds
Jeanne Maiie Gunn Tiust
4.000
sio
3,000
7,510
14,0001
15101
3,000
7.510
Neighbourly- ￿dI
EALC- Food support
Total Restrfcted funds
TotalfuThJs
1297.
347,388
pg. 21

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
14. Statement of funds (continued)
BaLanteat
0110412023
Balance at
3110312024
Income
Expendlture
Transfers
Currerf year
Unrestricted funds
Deslgnated bjnds
H.E.L.P. funds
TotaLdeslgJ)ated funds
15.421
15,421
262
262
1,5561
11.5561
14,127
14,126
Generallunds
Generalfunds
329.056
329,056
280.694
1280,2861
280,286
3￿,465
329,465
TotaLunrestricted lunds
Restiicted funds
Jeanne Marie Gunn Trust
Neighbourly- Lidl
Neighbourly- Sainsburys
EALC- Food support
Total Restricted funds
2.000
1.305
500
3,600
7,405
12,0001
11,3051
15001
13,6001
7.4051
TotaLfunds
344477
288.361
1289.2471
343,591
15. Analyslsof net assets between lunds
Unrestricted
Funds
Restricted
Funds
DesI￿ated
Funds
Total
Funds
Current perlod
2025
2025
2025
2025
Tan￿ble fixed assets
Currentas5ets
Creditors (Jue withinoneyear
Total
44.078
292.235
12,7441
44.078
306,052
12,7441
347.387
13,818
13.818
Unrestricted
Funds
Restricted
Designated
Funds
2025
Total
Funds
2025
Fund5
2025
Prior period
Tan￿ble fixed assets
Curientasset5
Creditois due wilhinonesEar
Total
57.701
276.135
14,3721
S7.701
290,261
14,3721
343.591
14,126
14126
16. Pension cornmitments
The pension operates 2 defined contributions pension scheme. The assersofihe scheme are held separarelyfrom those ofthe company in
an independenriyadministered fund. The pension charge represents coniribuiions payable bythe companyto Ihefund and amounted 10
£3,44912024-. £3.0881. Coniributionsioialb"ng£NILI2024- £NILlwere payable rothe fundaiihe balance sheerdate and are included in
creditors.
pg. 22

Docusign Envelope ID.. 4781669&F7394749-8E68-D4CD04C66F9F
Hopeworx
Notes to the Financial Statements
For the year ended 31 March 2025
17. OperatI￿leaSe commltments
At31 March 2025 the companyhad commitrnentsto make future minimurn lease payrnents under non-cancellable operating leases asfollo
2025
2024
Not L3terthan lyeai
Laterthan lyeai and notlaler than 5year5
34,460
80,725
115.185
30,594
110,844
1.438
18. Related parttransactlons
Duringthe year. J FOK the wife of the Trustee R Fox. recewed ￿778.24 in remuneration12024.. £31967.43). Charitycornmission con5entto
paythis remuneration has ￿en received
There have been no other related partytransactionsthatrequire disclosure.
19. Post Balance Sheet Events
The Charity's assets and liabilities were donated to The Saint Vincent de Paul Society (England and Wales) on 1
April 2025. The Saint Vincent de Paul Society (England and Wales) now oper8tes the Hopeworx services 88 St
Vincent de Paul Society Hopeworx.
pg. 23