REGISTERED CHARITY NUMBER: 1151846
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for Highway Hope
Raise Chartered Accountants Trimble House 9 Bold Street Warrington WA1 1DN
Highway Hope
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Highway Hope
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Annual Report:
The Trustees of Highway Hope have the pleasure of presenting their report for the period ended 31st December, 2024
Highway Hope is a Registered Charity with Registration Number 1151846 and a Registered office at No. 1 Matthews lane, Manchester, M12 4QW
The Board of Board of Trustees
Rev Joseph Solademi - Chair Mr Michael Afolabi - Vice Chair Ms Modupe Adediran - Treasurer Ms Pauline Limen - Secretary Ms Janet Dagiloke- PRO
Highway hope aims and objectives
Highway Hope's vision is to transform lives, empower and support residents within the community.
Our mission is to improve the health and well-being of our community through a range of multi-purpose services for families, young children, young adults, learning opportunities, catering and room hire, events for social inclusion, volunteering and general services.
Our Social Impact are recorded as follows:
Relief of Poverty and Hardship Encouraging community cohesion and engagement Reducing social isolation Advancing Education and Training Young People's activities Advancing Mission and Christian Education Improving health and well-being Increasing employability
Achievements and Performance
The relief of poverty and hardship
Food Bank:
Our Food Bank distributed food to over 80 families each month at 2 locations, namely the Matthews Lane and the Stockport locations. We registered with Bakuet and obtain adequate tonnes of food every month, which are bagged up weekly by our volunteers. The families we support are referred or can self-refer.
The food bank holds every Tuesday at Stockport and every Tuesday and Thursday at Matthews lane
Free Community & Social Cafe :
Our cafe runs from 10am - 4pm, Mondays to Fridays. Free meals are served to any and every hungry person who walks into the cafe during the opening hours. The cafe attends to an average of about 10-20 people daily. In 2023, we received a social investment towards our café, and we have now upgraded our café into a social enterprise café with our volunteers motivated because they see their work directly contributing to a social mission and skill development as well as strengthening community ties.
Highway Hope General Store :
Our general store is now based at 28-30 Princes Street, Stockport, servicing hundreds of local residents with free or affordable furniture, thereby tackling furniture poverty. Our shops are open Mondays- Saturdays (10am-5pm) .
These shops offer a range of donated and recycled items at discounted prices to local communities, providing affordable clothing, toys, and household goods/furniture. We also tackle furniture poverty and offer valuable skills and work experience to volunteers/ long term unemployed.
Community cohesion and engagement
Social Nights -We encourage community cohesion through our Thursday evening social nights with varying social activities aimed at encouraging social connectedness among community members from different ethnic and religious backgrounds. During this weekly program, participants are exposed to different competitive activities, whereby the winners go home with prizes. Meals are served for free during this program. The program has contributed immensely to peaceful co-existence among members from diverse ethnic and religious backgrounds in the community. We record a weekly attendance of an average of 10-20 attendees.
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Highway Hope
Report of the Trustees for the Year Ended 31 December 2024
Advancing Education and Training:
Highway Hope educational support for KS2, KS3 & KS4 school year students. We support over 200 young children from various mainstream schools with an aim of adding value to their academic performance. This holds every Saturday between 10am-6pm. We run a partnership with MEaP (Making Education a Priority), a consortium of community organisations that have joined forces with the intention of sharing resources across their communities. Although the consortium works in a variety of ways in its communities, it is committed to the strategic linking of initiatives around education, health, wellbeing and employment that can work in concert as primary drivers in the regeneration of the communities the consortium serves
Advancing Mission and Christian Education
We support missions abroad in Nigeria, Botswana and Uganda through the provision of health care facilities in the remote areas of Africa.
Improving health and wellbeing
We run health awareness days in the UK and are a registered organisation with the Caribbean and African health Network
Review:
The trustees of Highway Hope review the aims, objective and activities of the charity every year. The review looks at what we have achieved and the outcomes of our work over the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people it has set out to help. The review ensures that the aims, objectives and activities remain focused on their purposes.
We have referred to the guidance of the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning our future activities. In particular, the Trustees have considered how the planned activities will contribute to the aims and objectives they have set.
How our services deliver public benefit
The Trustees have considered the new obligations of the Charities Act 2006. We are satisfied that Highway Hope complies with the Act and with section 4 of the Act concerning 'public benefit' guidance issued by the Charity Commission.
The past year has been successful: we have:
Key Achievements in 2024
Scale of Support & Reach
The charity supports over 300 community members each month, particularly those dealing with homelessness, poverty, or social isolation.
It runs programmes that reach more than 150 children through its educational initiatives.
Food & Basic Needs Provision
The food bank, discount food shop, and charity shop work together to relieve poverty. For instance, they donate around 300 food parcels per month.
The charity shop also recycles pre-loved goods, helping with both sustainability and affordability for people in need.
Educational & Skills Programmes
Highway Hope runs a Supplementary School for children in school years 3-9, offering group and one-to-one tuition, both in person and online, aligned with the national curriculum.
Other learning programmes include IT/digital skills ("digitally inclusive club"), sewing & dressmaking, and music school.
Young People's Project
Highway Hope delivers Youth empowerment activities to over 100 young people in terms of skill development, learning practical skills such as communication, leadership, teamwork, and problem-solving. Helping to gain technical or vocational skills useful for employment and increasing confidence and self-esteem. We have been able to train 2 of our volunteers as youth workers
Community Spaces & Social Inclusion
Operates a free Community Café and hosts social nights with meals & guest speakers, which provide a social hub, reducing isolation and bringing together people from diverse backgrounds.
Runs community gardening to support people in growing their own food.
Volunteer Engagement & Organisational Growth
The organisation depends heavily on volunteers: about 70 volunteers in addition to paid staff.
Operating from multiple sites and expanding its services (charity shop, food bank, educational programmes, etc.) to meet diverse community needs.
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Highway Hope
Report of the Trustees for the Year Ended 31 December 2024
Financial Activity & Legitimacy
Highway hopes financial performance for the year ended 31 December 2024 shows a deficit of £370 in comparison to last year with a surplus of £2,226. Total reserves at year end are £103,780 and is made up of £103,030 restricted funds and £750 of unrestricted funds. Our total income for the year ended 31 December 2024 was £496,490 an increase of £119,864 from previous year £376,626.
The Reserve Policy.
The board of trustees of Highway Hope discussed the following factors in arriving at their reserves policy:
• Reserves will be maintained at a level which ensures that Highway Hope’s organisation's core activity can continue during a period of unforeseen difficulty.
• A proportion of these reserves will be maintained in a readily realisable form.
• Two months running costs in cash reserves in case of a major problem (£20k) The unrestricted reserves currently exceed this level, however the projects revenue has been earmarked for utilisation of these funds.
- The trustees will review this policy on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1151846
Principal address
1 Matthews Lane Manchester M12 4QW
Trustees
Ms D Adediran AIMLT ; MT M Afolabi BSC ; MSC P DIP; PSCH EDU; PGCE J Dagiloke R J Solademi
Independent Examiner
Raise Chartered Accountants Trimble House 9 Bold Street Warrington WA1 1DN
Approved by order of the board of trustees on 31 October 2025 and signed on its behalf by:
M Afolabi BSC ; MSC - Trustee
Page 3
Independent Examiner's Report to the Trustees of Highway Hope
Independent examiner's report to the trustees of Highway Hope
I report to the charity trustees on my examination of the accounts of Highway Hope (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Su Rai
Raise
Chartered Accountants Trimble House
9 Bold Street
Warrington WA1 1DN
31 October 2025
Page 4
Highway Hope
for the Year Ended 31 December 2024
Statement of Financial Activities
| U Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities Food bank and Community food store Supplementary education Free community and social cafe Furniture store Charity store Community outreach Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities Food bank and Community food store Supplementary education Free community and social cafe Furniture store Charity store Charitable giving Community outreach Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
nrestricted fund £ 2,015 - 189,674 - 142,629 11,516 20,374 44,893 411,101 2 155,211 60,518 43,699 45,474 46,390 37,718 20,979 409,991 1,110 101,920 103,030 |
3 Restricted fund £ - 1,000 47,389 - - - 37,000 - 85,389 - 1,000 3,980 - - - - 81,889 86,869 (1,480) 2,230 750 |
1.12.24 3 Total funds £ 2,015 1,000 237,063 - 142,629 11,516 57,374 44,893 496,490 2 156,211 64,498 43,699 45,474 46,390 37,718 102,868 496,860 (370) 104,150 103,780 |
1.12.23 Total funds £ 4,763 - 143,142 26,500 101,516 41,477 42,413 16,815 |
|---|---|---|---|---|
| 376,626 | ||||
| (2) 50,983 94,826 42,384 75,015 42,417 1,927 66,850 |
||||
| 374,400 | ||||
| 2,226 101,924 |
||||
| 104,150 |
The notes form part of these financial statements
Page 5
Highway Hope
Balance Sheet 31 December 2024
| U Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
nrestricted fund £ 271,996 - 5,372 5,372 (4,017) 1,355 273,351 (170,321) 103,030 |
3 Restricted fund £ - - 750 750 - 750 750 - 750 |
1.12.24 3 Total funds £ 271,996 - 6,122 6,122 (4,017) 2,105 274,101 (170,321) 103,780 103,030 750 103,780 |
1.12.23 Total funds £ 273,024 1,500 7,226 |
|---|---|---|---|---|
| 8,726 (365) |
||||
| 8,361 | ||||
| 281,385 (177,235) |
||||
| 104,150 | ||||
| 101,920 2,230 |
||||
| 104,150 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2025 and were signed on its behalf by:
M Afolabi BSC ; MSC - Trustee
The notes form part of these financial statements
Page 6
Highway Hope
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - | 33% on cost |
|---|---|---|
| Motor vehicles | - | 20% on cost |
| Computer equipment | - | 20% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
3.
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Donations | 2,015 | 4,763 |
| INVESTMENT INCOME | ||
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Rents received | 44,893 | 16,815 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no payments of trustees remuneration of other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| U INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Supplementary education Free community and social cafe Furniture store Charity store Community outreach Investment income Total |
nrestricted fund £ 4,763 115,412 26,500 101,516 41,477 34,663 16,815 341,146 |
Restricted fund £ - 27,730 - - - 7,750 - 35,480 |
Total funds £ 4,763 143,142 26,500 101,516 41,477 42,413 16,815 |
|---|---|---|---|
| 376,626 |
continued...
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Highway Hope
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| EXPENDITURE ON Raising funds Charitable activities Food bank and Community food store Supplementary education Free community and social cafe Furniture store Charity store Charitable giving Community outreach Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 January 2024 Additions Disposals At 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year Eliminated on disposal At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 7. DEBTORS: AMOUNTS FALLING DUE W Other debtors 8. CREDITORS: AMOUNTS FALLING DUE Taxation and social security Other creditors |
Freehold property £ 268,269 - - 268,269 - - - - 268,269 268,269 ITHIN ONE YEAR WITHIN ONE YEA |
Fixtures and fittings £ 26,220 848 - 27,068 25,850 291 - 26,141 927 370 R |
U v |
nrestricted Restricted fund fund £ £ (2) - 39,158 11,825 84,620 10,206 42,384 - 75,015 - 41,665 752 1,927 - 54,755 12,095 339,522 34,878 1,624 602 100,296 1,628 101,920 2,230 Motor Computer ehicles equipment £ £ 14,250 20,087 3,500 - - (2,230) 17,750 17,857 12,800 17,152 2,150 2,935 - (2,230) 14,950 17,857 2,800 - 1,450 2,935 31.12.24 3 £ - 31.12.24 3 £ 1,319 2,698 4,017 |
Total funds £ (2) 50,983 94,826 42,384 75,015 42,417 1,927 66,850 374,400 2,226 101,924 104,150 Totals £ 328,826 4,348 (2,230) 330,944 55,802 5,376 (2,230) 58,948 271,996 273,024 1.12.23 £ 1,500 1.12.23 £ 181 184 365 |
Total funds £ |
|---|---|---|---|---|---|---|
| (2) 50,983 94,826 42,384 75,015 42,417 1,927 66,850 |
||||||
| 374,400 | ||||||
| 2,226 101,924 |
||||||
| 104,150 | ||||||
continued...
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Highway Hope
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 3 Bank loans (see note 10) Other creditors 10. LOANS An analysis of the maturity of loans is given below: 3 Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due in more than five years: Repayable otherwise than by instalments: Bank loans more 5 yrs non-inst 11. SECURED DEBTS The following secured debts are included within creditors: 3 Bank loans |
1.12.24 3 £ 154,180 16,141 170,321 1.12.24 3 £ 15,873 138,307 1.12.24 3 £ 154,180 |
1.12.23 £ 155,131 22,104 |
|---|---|---|
| 177,235 | ||
| 1.12.23 £ - |
||
| 155,131 | ||
| 1.12.23 £ 155,131 |
The charity has a 20 year bank loan with Natwest. This is secured by a first legal charge on the property 2b-4 Lees Street, Openshaw, M11 1WH. The interest rate applicable to the loan is 3% above Bank of England.
12. MOVEMENT IN FUNDS
Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Net movement At 1.1.24 in funds 3 £ £ 101,920 1,110 2,230 (1,480) 104,150 (370) Incoming Resources M resources expended £ £ 411,101 (409,991) 85,389 (86,869) 496,490 (496,860) |
At 1.12.24 £ 103,030 750 |
|---|---|---|
| 103,780 | ||
| ovement in funds £ 1,110 (1,480) |
||
| (370) |
continued...
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Highway Hope
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Net movement At 1.1.23 in funds 3 £ £ 100,296 1,624 1,628 602 101,924 2,226 Incoming Resources M resources expended £ £ 341,146 (339,522) 35,480 (34,878) 376,626 (374,400) |
At 1.12.23 £ 101,920 2,230 |
|---|---|---|
| 104,150 | ||
| ovement in funds £ 1,624 602 |
||
| 2,226 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 nor for the year ended 31 December 2023.
14. RESTRICTED FUNDS
The charity received restricted funds this year and utilised the these funds in the year.
15. MOVEMENT IN FUNDS
| Brought | Incoming | Resources | ||
|---|---|---|---|---|
| Restricted funds | Forward | resources | expended | Carried forward |
| Manchester City Council (YYP Partnership Project) | 0 | £30,888.71 | £30,888.71 | 0 |
| UK Youth (Digital Club) | 0 | £5,000.00 | £5,000.00 | 0 |
| Bauer Radio (Help for disadvantaged children) | 0 | £2,000.00 | £2,000.00 | 0 |
| Forever Manchester ( Summer holiday sessions and | ||||
| electricity support) | 0 | £12,500.00 | £12,500.00 | 0 |
| MEaP (Virtual Assist Project) | £2,230.00 | £2,230.00 | 0 | |
| GMCVO ( Cost of living support grant) | 0 | £35,000.00 | £35,000.00 | £750.00 |
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