Company registration number: 08272357
Charity registration number: 1152491
Expectations (UK)
{A Company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 September 2024

Expectations (UK)
Contents
Reference and Administrative Detsils
Strategic Report
2to3
Trustees, Report
4t013
Independent Examtner's Report
14
Statement of Financial Activities
15to 16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financial Statements
191029

Expectations (UK)
Reference and Administrative Details
Ch8rity Registrition Number
1152491
Company ReEiStration Number
08272357
The charity is incorporated in England.
Registered Offlce
Suit¢ 323
The JewelLery Business Centre
95 Spencer Street
Bimingham
West Midlands
B186DA
Page I

Expectations (UK)
Strategic Report for the Year Ended 30 September 21)24
The trLlStees, who are directors for the purposes of company law, present their strategic report for the year ended
30 September 2024. in compliance with s414C of the Companies Act 2006.
Achievements and performance
The Trustees have identified Key Perforniance Indicators that will be monitored. These will include, not
exclusively-
Voids
Rent collection
Personal contribution ¢olleclion
Satisfactory complaint resolution
Tenants supported to maintain their accommodatton
Tenants siipported to obtain suitable move on accommodation
- Tenants accessing Primary Hcalth Care servi¢es
- Tenants achieving training and education related outCOTne5
The following Committees have been appointed by the board:
- Finance Comrniltee
- Blisiness Development and Management Committee
Safeguarding and Qiiality Committee
- Resident5 and Neighbourhood Foru
These Committees appointed by the Board focus on specific areas and take infornled decisions within tbe
framework of delegated auihotity. and make specific recommendations to the Board on matters in their areas.
All decisions and recommendations of the committees arc placed before the Board for infomiation or for
approval.
To enable better and more focused attention on the affairs of thc organisation. the board delegates particular
maltcrs to the committees of the board set up for the purpose. Collllnittees review items in great detail bcforc it
is placed before the Board for its consideration. These committees prepare the groundwork for decision making
and report at the subsequent board meeting.
Quality Assurance
The trLiStees aim to develop and Implement appropriate mechanisms of quality control and assurance based on
the Charity's Key Perfortnance Indicators. This will include building upon inforniation gcncratcd by previous
reports, specific areas will incliide..
Identifying tenant support needs
Establishing whether tenants needs have been met
Effectiveness of tcnant risk tnanagement
Financial revie
The Income and Expenditure for the year is sel out on page fourteen of the financial ststements.
Diiring the twelve month period ending 30 September 2024 the Charity had a total housing income of
£1.043,042 and total expenditure of £1,001,585 which resulted in a 5uTplus of £41,457. Management accounts
are produced and reviewed moThthly by the Finance Comtllittee and all debts are up to date.
Page 2

Expectations (UIQ
Strategic Report for the Year Ended 30 September 2024
Policy on reserves
The trustees, reserve5 policy is to manage the reserv¢s Tn such a way as to have sufficient funds available for the
orderly winding up of the company wiihout liability Should its fu￿re income be in such doubt that this is the
only credible course of action.
IHvesthienkpolicy and objectives
The trustees, policy is to invest operaling funds in easy access and relatively low risk bank aeeounts should free
cash flow start to filter through however the main objective is to re-invesl in operational growth.
We are also working lo raise funds and grants for the Charity going forward.
The strategic report was approved by the I￿￿teeS of the charity on 31 March 2025 and signed on ils behalf by..
r Munawar Hussain
Trustee
Page 3

Expectations (UK)
Trustees, Report
The trnstees, who are directors for the purposes of company law, present the annual report together with the
financial statements and auditors, report of the Charitsble company for the year ended 30 September 2024.
Objectives and activities
Objecls and dinis
Throughout the year the objectives of tbe Charity are the relief of those in need. in particular (without prejudice
to the gcnciality) through the provision of and assistance with social housing, acwnunodation and assistance to
help house people who are in need of such housing by reason of..
• Age,.
Disability.
Handicap (whether physical or mental). or
Sickness,. and
To providc accomrnodation, support provision and a5SlStance to help people who are homeless, many of who
have beeT) leading chaotic lifestyles often incliiding drug and or alcohol misuse. sustained mental health Issues
or have been and out of the Criminal justice system.
Revieiv of development, #etivities and achievements
Expeclalions (UK) were founded in 2013 with a view to helping transform the lives of those in need through
helping them with supported housing. We wanted to hold the hands of our beneficiaries tlirough the first hurdle
of supported housing and then help them lo map and enact on their transforn]ation. We have helped hundreds if
not thousands of our guests move through this transforniation and it IS something that we are immensely proud
This howevcr hasn't been achieved easily- we have faced sotne major challenges along the way. Most recently
the organisation has been through a massive transfonnation process with the implementation of refreslied and
new policies, procedures and processes. A new culturc ha5 been adapted within the organisation to offer
etth&nccd scrvic¢s. improve ways of working. implementing new PToc¢sse5. working with the local council and
the RSH to meet our resid¢nts needs and requiretllents as a Social landlord.
Expeclatiolls (UK) current Business Plan is active and we are working closely with our providers to achieve our
growth targets set out for the next 3 years. TkLiS will increase our exempt accommodation and our general needs
portfolio.
Wc have also worked closely with the Regulator OF Social Housing for a number of years and now we are in a
position of fiill compliancy with Ihe regulaiory standard5. We requested the RSH to remove the regulatory
notice issiied in ?019 and provided a Voluntary Undertaking (VU) for the next 3 years. This was successfully
accepted by the RSH and our regulatory notice wa5 removed on the l 8th Deceinber 2024.
The VU is broken down into 3 phases and we have successfully completed phase l. We are working lo complete
phase 2 and we are Confident that all phases will be completed successfully.
Page 4

Expeetations (UK)
Trustees, Report
Market Summary
Homelessness in Binningham. has seen a major increase in recent yeaTs, reflecting broader national trends. In
the 2022123 financial year, 6,212 households approached Binningham City Council as homelcss or threatened
with homelessness, marking a 14.3 /0 rise from the prevTrous year.
As of July 2024, approximately 5,850 households were residing in temporary accommodation. with an
additional 24,452 households seeking more suitable housing through the Housing Register. An estimated 8,470
housebolds were "sofa surfitLg' as of January 2024. and on any given night, about 36 individuals were sleeping
rough in the city.
The West Midlands region, encompassing Birniingham. reported 26,420 individuals living in temporary
accommodation as of June 2024, equating to one in cvery 21 I people. This figure is higher than the national
average, with England seeing one in 160 people homeless.
A significant factor contributing to homelessness in Bimiingham is the acute shortage of affordable housing. In
2023, research by Crisis and Zoopla indicated ihat only 3.28/0 of two-bedri)om properties and 1.79% of
three-bedroom properties in Birmingham were available at rents covered by Local Housing Allowance (LHA)
rates. This hlghlights the cballenges low-income households lace in securing affordable accommodation.
In response lo the escalating crisis, Birniingham City Council has developed the "Homelessness & Rough
Sleeping Prevention Strategy 2024-2029." This strategy outlines key priorities and actions lo address
homelessness over th¢ next five years. emphasising prevention. support. And the provision of affordable
housing.
Despite these effort5, the financial strain on local authorities remains substantial. In 2022-23, local authorities in
England spent over £1.6 billion on temporary accommodation. with proje¢tion5 indicating a rise to around £2.]
billion in 2023-24. Bimiingham City Council. facing significant budget deficils, has been compelled to make
dI￿s¢U11 decisions, including the sale of over 700 homes initially built for the Comtnonwealth Games athletes,
village at a loss exceeding £3(K) million.
The homelessness situation in Bim]ingbam is complex of rising demand. limited affordable housing supply. and
financial constraints on local authorities. Addressing this multifaceted issue requires sustained efforts, strategic
planning, and collaboration among various stakeholders to ensuTe thai wlnerable populations receive the
support and housing they need towards reducing homel¢s5n¢ss rates in Birniingham.
The Regulator of Social Housing report on Sector Risk Profile 2020 published in November 2020 has
highlightcd the need for specific responsibilities surrounding increased stock quality standaFds and
accoiintability to tenants. The regulator has also stated thal the sector faces a growing range of compeling
internal and external pressures which will dcmand strategic control and decision-making. The needs of current
tenants must be balanced with future d¢mands; choices must be made between essential ongoing investment in
the exisling housing stock and contributing to new supply.
Birmingham City Council. local MP'S and residents of Bimiingham have expressed their concerns for badly run
supported accommodation. which has resulted in Crime, drugs and anli-social behaviour in the local are2S.
Registered Social Landlords have the responsibility in making sure the properties used for supported
accommodation meet the decent home standard, all HMO regulaiions are in place and HHSRS guidance is
followed but unfortunalely this has not been completed by a handfiil of RSL'S.
Page 5

Expectations (UK)
Trustees, Report
Both data sets demonstrate the need to for supported housing within Birnlingham. At Expectations, we work
with single adults and provide them with both support and accommodation in the hope tbat they can move
fonvard in their lives.
FinanciAI Summary
Expectations (UK) has now consolidated its financials in the last 12 months improving on the levels of control
from 2023. The balance sheet and net asset value has progress with an increas¢ of £230,765 to £272,222 to
September 2024.
Our rnain sources of income are generated from our housing activity. and this has continued with a good level of
consistency in 202312024. We have rediiced the amount of debtors owed to the company along with rediictions
in trade creditors and provision due lo better financial management.
Our Vision
To live in a world where individuals in need can access to support to transfomi their lives so we can live in a
stronger more community
Our Mission
Provide services that arc about more than just providing a bed lor the night. We want to provide a safe place to
stay while yoii get support to move on with your life.
Our Values
Cl￿tOMer - We want all of our services lo be centred on our customers. helping them lo take the next step,
however big or small.
- Community - we want to create a peaceful and harnionies environment that encourages growth for everyone
llltegrity - We want to develop and rebuild tbrnsl with all of our Stakeholders
Innovation - we want to ensure that we are always finding new ways of learning from others. Ifwe can be Ihe
besl we can deltver the best outcomes for our beneficiaries.
Strategy 2023124 - 2038139 Business Plan
- Ciistomer Engagement Strategy
Risk Management Policy
- Performance Management
Eqiiality Strategy
- Financial Strategy & Procuremcnt
Developrnent Plan
- HR Strategy
Asset Managernent
- New BiLsiness models and options
Value for money
Page 6

Expectations (UK)
Trustees, Report
Our strategy will be delivered through a robust business plan which we will ensure it allows ihe organisation lo
deliver against ils ambitious targets. The organi5ations processes have bcen redrafted to ensure that they ale fit
for purpose and help to drive our ambition. We have also implemented a robust governance stnL¢ture in order to
focus more on our bcn¢fi¢iaries.
How we will drive our direction through our people
Executive KPI'S
CEO board report5 & perfomiancc objectives
Team & Manager Objectives
Individual Objectives
Expectations {UK) ability lo help thos¢ in need is llot only dependent on the robustness of the organisation itself
but also on the talent we have in the organisatioTh. We want to drive the whole team to deliver against the
strategic prioritl¢s over the next five years.
Achieving Regulatory Standards
The Trustees of Expectations {UK) are responsible for ensuring that the Charity achieves the outeomes required
in the Regulatory Standards framework for Registered Providers of Social Housing. We also work to meet the
reqiiÉrements of the Wesl Midlands Regional offender Ilousing Protocol.
Along with the requtrements for good governance and financial viability and controls. the trustees have acted lo
put systems in place to ensure that the Charity demonstrates value for moThey, sets renls in accordance with the
Rent Standard and achieved the consumer standards.
The approach to, and achievement of tbese this year is summarised as:
Value for Money
Expectations (UK) are gathering baseline infonnation to inforni an initial value for money perfonnance
assessment so as to be able to m¢asure and report on year on year improvements.
We are establishing arrangements to work with tenanls to identify and deliver relevant value for money
outcomes.
Rent StandgTd
We have reviewed our rcnt settings for all our pr()perties by working with external consultanls, who have
provided new rent settings, which are in line with the Rent Standard for soctal housing.
The new rent 5etliDg5 have been applied to all our propertÈes with the help of the local council. We are still
working to review our services provided to ensure these s￿ViCeS are value for nioney and lo reduce our rent
settings further if possible.
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Expectations (UK)
Trustees, Report
Involvement & Empowerment
Effective methods of involving a transient tenant population with consultation have included establishing
residents meetings lo consult on areas of service Ihal require improvetnellt. We aTe developitlg njechanisms lo
involve tenants in scrutiny. which will be an integral part of the development of our strategy for tenant
involvement and engagement. Where possible, suggestions to itnprove services. ID particular catering, have been
implemented to meet a wide rdnge of dietary requirements.
Equality and Diversity
The Tnislees bave adopted an appropriate Equaltty and Diversity policy and are developing procedures to
embed the principles of equality and a positive approach lo diversffity across the orgaDisation.
Home Standard
Quality of A¢¢ommodatio
Previously, all Properties held licences lo ensure compliance with standards for managing Houses in Multiple
Occupation. We have worked with our advisors and tenants to improve the safety of the buildings.
We have created a Quality conlrol Framework to ensure all our properties are compliant wiih Ihe HMO
reglilations, decent homes standards and HHSRS frameworks. Regular inspections are completed lo highltghi
repairs and to ensure our propertics mect the quality standards.
Repair maintenance
The Charity has a repairs aTJd maintenance team and has procedures to ensure all repairs rcportcd are cotnpleted
to appropriate timescales and 'righi first time,.
Tenancy Standard
Alloeations
Expectations (UK) has worked with strategic partners lo provide housing Ihal fits with local slralegies and
priorities and lo allocate accomTnodalion fairly and transparently, only excluding applicants who pose loo great
a risk to themselves. staff or other tenants to be safely managed in shared accommodation.
Tenure
Properties are let using supporting licence agreements as the trustees feel thi5 enablcs Expcctations (UK) to
make the best possible use of the properties in meeling the aims of the organisation and meeting local needs.
Neighbourhood Management
Our staff works with tenants to maintain shared areas and exteriors to a high standard. Tenants have offered to
undertake management and development of gardenlcourtyard area5 and are being encourdged and supported to
do so.
We are developing a partnership with a local community projects to provide actives for residents in the fomi of
therapeutic support to aid residents r￿0Very from substance misuse.
Page 9

Expectations (UK)
Trustees, Report
Expectations (UK) management also attend meetings with lo¢al organisations, such as Aston and Perry Ba
Neighbourhood Forum. and the Homeless Fornm to ensure we are an integral part of the community and to
address any concerns the community may have with our projecl.
LOCAI co-operation
We recognise the importance of effective parinership working lo cnsure Ihat we can meet the holistic needs of
our tenants, safeguard and protect vulnerable tenants, avoid duplication of services, and remain strategically
relevant, well_connected and accountable to stakeholders.
Achieving Regulatory Standards
The Truslees and executive has working to ensure strong partnerships aTrdngetnents and good working
relationships are built with the local authority. statutory Services and voluntory and community agencies and in
particular with Ibe police and probation service.
Antisocial behaviour
A major success has been in working coTJ5tructively with security and support staff and police partners to tackle
anti-social behaviour by and towards tenants. This has particularly included contributing to a reduction in retail
crime, alcohol relalcd crime and disorder and the supply of illegal drugs in the local vicinity.
Expectations (UK) have si￿ed a Sharing of Infornialion Agreement with West Midlands Police to ensure thai
we knowthave the appropriate residents in our properties and are not a risk to the local community.
Public benefil
The trnstees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard lo the public benefit guidance published by the Charity Commission for England and Wales.
Social investmentpolicies
The Charity has subscribed lo software to enable the Ixwd to gather baseline infornlation and monitor and
report on the social value, impacts and return on investment for beneficiaries and ￿nderS as service develop.
Expectations (UK) has a commitment to local employmenl and the development of skills, with a staff StruC￿re
based on 10 full-time posts. crime reduction and reduced fear of crime among the wider community. a general
tranche of savings to the public purse, nol only through reducing the costs resulting from criminal activities, but
taking on roles often assigned. al far greater cost. to probation services.
Page 9

Expectations (UK)
Trustees. Report
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows..
Trustees=
Mr Mohammed Tufail Dawood
Mr Hadar Zaman
Mr Ashley Plummer
Mrs Goiisia Parveen
Mr Munawar Hussain
Mr Kaiser Lone
Structure? governance and managemellt
Natiire ofgoverning document
The charity is controlled by ils governing document, a deed of trnsl. aDd CODstithtes a limit¢d company, limited
by guarantee. as defined by the Companies Act 2006.
Expectations (UK) is a company limited by guaranlee, incorporated on 29 October ?012 and is registered as a
Charity with the Charity Commission from 19 Jltne 2013. The Charity comrnenced activities on 23 September
2013.
The Charity also registcred a5 a housing provider wilh the Homes & Comtnunilies Agency (HCA) from 16
September 2013.
The Charity's governing docuuient. th¢ Memorandum and Articles of Association. was adopted on 13
September 2013.
Membership of the company is open to anyone over the age of sixteen with the minimum number of members
restricted lo three and maximum is restricted to fifteen
Recriiitiiienl and appoinlnienl of Irus¢ees
Ordinarily, Tnistees are appointed by Tnembers at the Annual General Meeting. Additional trustees tnay be
co-opted between AGMS. The minimum number of trustees is restricted to thrtt and the maximum is restri¢l¢d
to fifteen.
Inductioii aiid traiiiing of iriistees
Following appoinlmenl, new trustees are inlroduccd lo their role and given copies of the governing document
and a guide to the policies and procediires adopted by the Charity. A number of publications frovn the Charity
Commission are also provided including the guidance on charities and public benefit and on tlie advancement of
religion for the public benefil. This ensiires that new trustees are aware of the scope of their responsibilities
under the Charities Act.
Organisalional slpiiclure
The board of trustees meet quarterly to review the progress and activities of the Charity. Once a year trnstees
review and approve a five year bUsines￿strategiC development plan and the budgets for tlie following year.
Meetings have been held quartely as we work with the Regulator of Social Housing to address the regulatory
notices, which were issued previously in 2016 12019.
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Expectations (UK)
Trustees, Report
Orgnnisa¢ional structure
The board of trustees meet quarterly to review the progress and activities of the Charity. Once a year trustees
review and approve a five year busine5slstrat¢gi¢ developmenl plan and th¢ budgets for the following year.
Meetings have been held quartely as we WO￿ with the Regulator of Social Housing to address the regulatory
notsces, whlch were issued previously in 2016 12019.
Statement of trttstees, responsibilities
The trustees (who are also Ihe dire¢tors of Expectations (UK) for the purposes of company law) are responsible
for preparing the tDJstees' report and the financial statements in ac¢ordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS
102 The Financial ReportÈng Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare fu]ancial statcments for each financial year. Under company law
the trustees must not approve the flnancial statements unl¢ss they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of reSoU￿es,
including ils income and expenditure. of the charitable company for thal period. In preparing these Iinancial
statements. the trustees are required to..
select suitable accounting poli¢ies and apply them consistently.
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent.
slate whether applicable accounling standards, cotnprising FRS 102 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 business.
The trustees are responsible for keeping pioper accounting records that can disclose with reasonable accuracy at
any lime the financial position of the chariiable company and enablc them lo ensure that the financial statements
comply with the Companies Act ?006. They are also responsible for safeguarding the assets of the charitable
ompany and hence for tsking reasonablc Steps for the prevenlion and detection of fraud and other irregularities.
The trustee5 are responsible for the maint¢nan¢e and integrity of the corwjrdte and financial information
included on the charitable company's web5Lte. Legislation governing the preparation and dissemination of
financial stst¢mentS Enay differ from legislation in other jurisdictions.
Di$¢losure of information to auditor
Each trustee has taken steps that they ought to have Liken as a trustee in order to make themselves aware of any
relevant audit infonnation and to establish thai the charity's auditor is aware of thal infonTJation. The lrnstees
confirm that Ihcrc is no relevant infomiation that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 31 March 2025 and signed on its behalf by..
Mr Munawar Hussain
Trustee
Pagell

Expectations (UK)
Kndependent Examiner's Report to the trustees of Expectations (UK) ('the Company,)
report to the Charity trnstees on my examination of the accounts of the Company for the year ended 30
September 2024.
Responsibilities and basis of report
As the charity's trustees of Ihe Company (and also its direclors for the purposes of company law) you are
responsible for the preparation of the accoiints in accordance with the requirevnents of the Companies Act 2(K)6
('thc 2006 Act,).
Having saltsfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Acl and are eligible foi independent examination, I report in resp¢ct of my examination of your charity's
accounts as carried out undcr section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner's statement
Since the Company's gros5 incon]e exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a mcmber
of CGMA, which is one of the li5t¢d bodies.
I have completed my ¢xamination. I confllm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kepl in respect of Expectations (UK) as required by section 386 of the 2006
Act., or
2. the accol￿ts do not accord with tbose record5- or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any reqiiirement that the accounls ￿ve a 'lrue and fair view, which is nol a maltcr considered as part of ali
indcpcndent examination. or
4. the accoun15 have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to chaiities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the cxamination to wliich attention
shoiild be drawn in this report in order to enable a proper underslanding of the accounts to be reached.
Paresh Bodhani
CGMA
31 March 2025
Page 12

Expectations (UK)
Statement of Financial Activities for the Year Ended 30 September 2024
{Including Income and Expenditure Account and Statement of Total Recogni5ed Gains
and Losses)
Unreslricted
funds
Total
2024
Note
Income and Endowments from:
Donations and legacies
1,043,042
1.043,042
Total income
1.043,042
1,043.042
Expenditure on:
Raising funds
Charitable activities
(1,081)
1000.504
(1.081)
1,000,504
Totsl expenditure
1.001.585
1001585
Net income
41,457
Net movement in funds
41,457
41,457
Reconciliation of funds
Total thnds brought forward
230,765
230,765
Total ￿ndS carried fonvard
14
272,222
272,222
Unrestricted
funds
Total
2023
Note
Income and Ettdowments from:
Donations and legacies
861.460
861,460
Total income
861.460
861,460
Expenditure on:
Raising ￿ndS
Charitable activities
(18,673)
837 416
(18,673)
837,416
Total expenditure
856,089
856.089
Nel income
5,371
5.371
Net movement in funds
5,371
5.371
Reeonciliation of lunds
Total funds brought forward
225.394
225 394
Total funds carried forward
14
230,765
230,765
The notes on pages 17 to 27 form an inlegral part of these financial statements.
Page 13

Expectations (UK)
Statement of Financial Activities for the Year Ended 30 September 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
General
Total
2024
Note
Income 2nd Endowment5 from:
Donations and legacies
1,043.042
1,043,042
Total Income
1.043,042
1,043,042
Expendlture on:
Raising funds
Charitable activities
(1,081)
1.000,504
(1,081)
1,000,504
Total Expenditure
1001,585
1001585
Net income
41,457
41,457
Nel movement Tn fiinds
41,457
41,457
Reconciliation of funds
Total funds brought forward
230,765
230.765
Total ￿ndS carried forward
14
272.222
272 222
All of the charity's activities dcrivc from continuing operntions during the above two periods.
The funds breakdown for 2023 15 shown in note 14.
The notes on pages 17 to 27 fomi an integral part of these financial statements.
Pag¢ 14

Expectations (UK)
(Registration number: 08272357)
Balance Sheet as at 30 September 2024
2024
2023
ote
Fixed assets
Tangible assets
Inveslments
35.387
67,856
103,243
44,456
67,856
112,312
Current g5set5
Debtors
Cash at bank and in hand
10
107,285
103,343
210,628
69,633
59,918
129.551
Creditors: Amounts falling due Ivithin one yegr
12
41.649
11,098
Net current assets
168,979
118453
Net assets
272,222
230,765
Funds of the charity:
Unrestritted Intome funds
Unr¢5tricted fi￿dS
272 922
230,765
Total funds
14
272,222
230,765
For the financial year ending 30 September 2024 the charity was entiiled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Dire¢tors' responsibilities..
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge thetr responsibililies for eomplying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These financial slatemenls have been prepared in accordance with the special provisions relating to companies
subject to thc small companies regime within Part 15 of the Cornpanies Act 2006.
The finan¢ial statements on pages 15 to 29 were approved by the trnstees. and authorised for issue on 31 March
2025 and signed on their behalf by:
Mr Munawar Hu5sain
Trustee
The notes on pages 17 10 27 forn) an integral part of these financial statements.
Page 15

Expectations (UK)
Statement of Cash Flows for the Year Ended 30 September 2024
2024
2023
Note
Cash floivs from oper*¢ing activities
Net ¢a5h income
41.457
5,371
Adjustments to cash floivs from non-¢ash items
Deprccialion
11,997
50,786
Working capital adjustments
Increase in debtors
io
(37,652)
30.551
(9,871)
9,274
Increa5e/{decrease) in creditors
12
Nel cash flows from operating activilies
43,685
Cash flojvs from investing activities
Piirchase of tangible fixed assets
Purchase of investments
(260)
(5,417)
67,856
Net cash flows from investing activities
260
73,273
Net increas¢l(decrease} in casb cash equivalents
43,4?5
(75,0501
Cash and cash eqiLivalents at l October
59,918
134,968
Cash and cash equivalents al 30 September
103,343
59,918
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 17 to 27 fonn an integrnl part of these financial statements.
Page 16

Expectations {UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
I Charity status
The charity is limited by guarantee. incorporaied in Englan￿ and ¢onsequently does not have share capital. Each
of the trustees is liable to contribute an amount not excttding £Nil towards the assets of the charity in the event
of liquidation.
The address of its registered oifice is-
Suite 323
The Jewellery Business Centre
95 Spen¢er Street
Birmingham
West Midlands
B186DA
These financial statements were authorised for issue by the trustees on 31 March 2025.
2 Accounting policies
Summary of significant #ccounting policies and key accounting estimates
The principal accounting poltcies applied in the preparation of these financial statements are set oul below.
These policies hav¢ been consistently applied to all ihe years presented. unless otherwise stated.
Statement of eompliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statcment of Recommended Practice (applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in thc UK and Republic of Ireland (FRS 102)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparation
Expectations (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Going concern
The trustees ¢onsider that theie are no material uncertainties about the charity's ability to continue as a going
concern nor any significant areas of uncertainly that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of the income receivable can be tncasured reliably.
Page 17

Expeetations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligalion to that expenditure. it is probable
settlement is required and the amount can be measured r¢liably. All costs are allocated to the applicable
expenditure heading that aggregaie sivnilar costs to that category. Where costs cannot be dÉrectly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with ceiitral staff
costs allocated on the basis of time spent. and depreciation charges allocaled on the portion of Ihc asset'5 Use.
Other siipport costs are allocaled based on the SPTead of staff costs.
Raisingfunds
These are eosis lilcu￿ed in attracting voluntary income. the management of investments and those incurred in
trading activities that raise fuiids.
Charitable aL'livilies
Charitable expendi￿re comprises those cos15 incurred by the charity in the delivery of its activities and services
for ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nattire necessary to siipport them.
Support costs
Support costs incliide central fiinctions and have been allocated to activity cost categories on a basis consistent
with the use of resources, for example. allocating property Costs by floor areas, or per capita. staff costs by the
time spent and other costs by their usage.
Taxatio
The charity is considered lo pass the tests set out in Paragraph I Scbcdule 6 of the Finance Act 2010 aiid
Iherefore il meets the definition of a charitable company for UK cotporation tax purposes. Accordingly, the
charity is polentially excmpt froin taxation in respect of income or capital gains received within categories
covered by Chaplei 3 Part I l of the Corporation Tax Acl 2010 or Section 256 of the Taxalion of Chargeable
Gains Act 1992, to the extent that siich in¢ome or gains are applied exclusively to charitable piirposes.
Tangible fixed assets
Individual fixed assets costing £1 00.00 or more are initially recorded at cost. less any subsequent accumulated
depreciatioii and siibsequent accumulated impainnent losses.
Depreciation and 4mortisation
Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated
residual value, over their expe¢ted useful economic life as follows-.
Asset clll5$
Plant and machinery
Coniputer equipment
Fixtures & fittings
Depreciation method and rate
250/0 on reducing balance
200/0 on straighi line
20 /0 on reducing balatkce
Investment properties
Investment property is carried at fair value, derived from the current market prices for comparable real estste
delerniined annually by external valuers. The v&lueTS use observable market prices, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit
or loss.
Page 18

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Trade debtors
Trade debtors are amowits due from customers for merchandise sold or services perfornied in the ordinary
course of business.
Trade debtors are recognised inilially at the transaction price. They are subsequently measured at amortised cosl
using the effective interest method, less provision for irnpairtnent. A provision for the impairnient of trade
debtors is established when there is objective evidence that the charity will noi be able to collect all amounts due
according to the original ternis of the receivables.
Cosh and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and otber short-terni highly liquid
investmellts th&t are readily convertible to a known amount of casb and are sUbJ￿t to an insignificant risk of
change in value.
Trade creditors
Trade creditors are obligations to pay for gi)IK15 or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabillties if the charity does not have an
unconditional right, at ihe end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting dat¢, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effcctive interest method.
Borrowings
Interest_b¢aring borrowings are initially recorded at fair value, nei of transaction Costs. Interest-bearing
borrowings are subsequently carried at arnortised cost. with the diffcrence between the proceeds. net of
transaction costs, and the amouni due on redemption being recognised as a charge to ihe Statement of Financial
Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effectiv¢ interest method and is included in interest payable
and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of
the liability for at least twelve months after the reFM)rting date.
Page 19

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Foreign exchange
Transactions in foreign curr¢n¢ies are recorded al the rate of exchange al the date of the Iransaclion. Monetary
assets and liabilities denominated in foreign ¢urren¢ies at the balance sheet date aTe reported al the rates of
exchange prevailing al that date.
The results of overseas operdtions are translated at the average rates of exchange during the period and their
balance shcc15 al the rates ruling at the balance sheet date. Exchange differences arising on translation of the
opening net assets and results of ovcrseas operations are reported in other comprchen5ive income and
accumulated in equity (attributed lo non4ontrolling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in tbe period in whi¢h they
arise except for..
l ) exchange differences on transactions entered into lo hedge certain foreign currency risks (see above).
2) exchange differences arising on gains or losses on non-monelary items which are recognised in other
comprehensive income. and
3) in the case of the consolidated financial slalements. exchange differences on monetary items receivable from
or payable to a foreign operation for which settlemenl is neither planned nor likely lo occur (therefore fom)ing
part of the net investment in Ihe foreign operation), which are recognised in other cotnprehensive income and
reported linder eqiiity.
Fund structure
Unrestricted income fiinds are general funds that are available for use ai Ihe trustees discretion in fiirtheran¢e of
the objectives of the charity.
Financial instrument5
Classification
Ftnancial assets and financial liabilities are recognised when the charity becomes a party to Ilie contractual
provisions of the instrument.
Finaiicial liabilities and equity instruments are classified according to the substance ol the conlractual
arrangements cnlered into. An equity instrument is any contract that evidences a residual inlerest in the assets of
the eharily after deducling all of ils liabililies.
Page 20

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Recognition and nieasurenient
All financial assets and liabilities are initially measured al transaction price (including transaction costs), except
for those financial a5s¢ls ¢lassified as at fair value through profit or loss. which are initially measured at fair
value (which As nonnally the transaction price excluding transaction c05ts), unless the arrangem¢nt ¢on5titutes a
financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial
liability is measured ai the present valu¢ of the future payments discounted at a market rate of interest for a
similar debt insttumenl.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there
exists a legally enforccable right to set off the recognised amounts and the charity intends either to settle on a
nel basis, or to realise the asset and settle the liability simultaneously.
Financial assets are dere¢ognised when and only when a) the contractual rights to the cash flows from the
financial asset expire or are settled, b) the charity trnnsfers to another party substantially all of the risks and
rewards of ownership of the financial asset, or c) the charity. despite having retained some. but not all,
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, can¢¢lled
or expires.
Page21

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Debi instruments
Debt ins¢rnments which meet the following conditions are subsequently measured at amortised cost using the
cffective interest method..
(a) The contractual return to thc holdcr is (i) a fixed aTnount- (li) a positive fixed rate or a positive variable rate.
or (iii) a combination of a positive or a negative fixed rdte and a positive variable rate.
(b) The contract may provide for repaymenf5 of the principal or the return lo the holder (biit not both) to be
linked to a single relevant observable index of general prtce inflation of the currency in which the debi
instrurnent is denominated, provided such links are not Icveraged.
{c) The contract may provide for a delem)inable vartation of the return to the holder during the life of the
instrument, provided that (i) the new rate satisfies eondition {a) and the variation is not contingent on fiiture
events other than ( l) a change of a contractual variable rate. (2) to protect the holder against credit deterioratio
of the issuer. (3) changes in levies applied by a eentral bank or arising from changes in relevant taxation or law;
or (li) the new rate is a market rale of inlerest and satisfies condilion (a).
(d) There is no contracttial provision that could. by its tern￿. result in the holder losing tbe principal amount or
any inlerest attributable to the cuffent period or prior perii)ds.
(e} COntractt￿l provisions that perniit the issuer to prepay a debt instrument or perniit the holder to put it back to
the i55uer before maturity are not conlingenl on future event5. Other than to protect the holder against the credil
deterioration of the issuer or a change in control of the issuer, or to prote¢t the holder or issuer against changes
in levies applied by a cenlial bank OT arising from changes in relevant taxation or law.
(D Contracttial provisions may pemil the extension of the tertn of the debt instrument. provided that the retum
to the holder and any other Contrac￿al provisions applicable during the extended terni satisfy the conditions of
paragraphs (a) to (c).
Debt insthiments that are classified as payable or reccivable within one year on initi21 recognition and which
meet the above conditions are measured at Ihc UDdiscounted amount of the cash or otber consideration expected
to be paid or received, net of impaimient.
With the exception of some hedging instrunients. otber debt instrumenls not meeting these conditiolls are
measured al fair value through profit or loss.
Commitments to make and receive loans which meet th¢ conditions mentioned above are measured at cost
(which may be nil) Icss impairnienl.
Inves¢Nients
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares
are piiblicly Iraded or their fair value is reliably measurable) are nieasured at fair value througb prolit or loss.
Where fair value cannot be measured reliably, investments are measured at Cost less impairnienl.
Investments in 5ub5idiaries and associates are measured al cost less impairment. For investments in subsidiaries
acquired for consideration including Ihc is5uc of shares qualifying for merger relief, cost is measured by
reference lo the nominal value of the shares issued pliis fair value of other consideration. Any premium is
ignored.
Page 22

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Derivalivefinancial inslrumenls
The charity uses derivative financial instrumcnts to reduce exposure to foreign exchange risk and interest rate
movem¢nts. The charity does not hold or issue derivative financial instruments for speculative puvposes.
Derivatives are initially recognised ai fair value at the date a derivative contract is entered into and are
subsequently remeasured to their fair value at each reporting dale. The resulting gain or loss is recognised in
statement of financial activities immediately unless the derivative is designated and effective as a hedging
instrument, in which event the ttming of the recognition ill statetnent of financial activitAes depends on the
nature of the hedge relatiotiship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoled pric¢s
are iinavailable, the pric¢ of a recent traDsaction for an identical asset provides evidence of fair value as long as
there ba5 not been a signtfi¢ant change in economic circumstances or a significant lapse of time stnce the
transaction took place. If the market is not active and recent transactions of an identical asset on their own are
not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
Unrestricted
funds
General
Total
funds
Regular giving and capital donations
1,043.042
1,043,042
Total for 2024
1,043,042
1043,042
Total for 2023
861,460
861.460
4 Expenditure on raising fund5
Costs of trading activities
Unrestricted
funds
General
Total
funds
Iyote
Other direct costs of activities for generating funds
1,081
1,081
TotAI for 2024
1,081
1.081
Total for 2023
18.673
18,673
Page 23

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
5 Net incomingloutgoing resources
Net incoming resouwes for the year include=
2024
2023
Operating leases - plant and machincry
Depreciation of fixed assets
3.360
9,329
3,339
11,997
6 Trustees remuneration and expenses
No ttuslees, nor any persons connected with them. have received any remuncration from the charity during the
year.
7 Taxation
The Charity is a registered charity and is therefore exempl from taxation.
8 Tangible fLxed assets
Furniture and
equipment
Total
Cost
Ai l October 2023
Additions
123,282
260
123.282
260
At 30 September 2024
123,542
123.542
Depreciation
Ai l October 2023
Charge for the year
78.826
9,329
78,826
9,329
At 30 September 2024
88,155
88,155
Net book value
AI 30 Septemb¢r 2024
35,387
35,387
AI 30 September 2023
44,456
44,456
9 Fixed asset investment5
2024
2023
Investment properties
67.856
67,856
Page 24

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
Investment properties
Investment
properties
Cost or Valuotion
Ai l October 2023
67.856
Provision
At 30 September 2024
Net book value
At 30 Septernber 2024
67,856
At 30 September 2023
There bas been no valuation of investment property by an independent valuer.
67,856
10 Debtors
2024
2023
Trade debtors
86,814
20,471
107,285
45.069
24.564
69.633
Prepayments
I I Cash and Cash equivalents
2024
2023
Cash on hand
Cash at bank
605
605
59,313
102,738
103,343
12 Creditors: amount5 fallEng due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
A¢crua15
8,209
6,624
668
26,148
41,649
5,459
4,941
698
11,098
Page ?5

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
13 Pension and other Schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The peD5ion c05t charge for the year represents
coutributions payable by the charity to Ihc scheme and amounted lo £Nil (2023 - £Nil).
14 Funds
Balance at I
October 2023
Incoming
resourees
Resources
expended
Balance at 30
Septetnber 2024
Unrestricted funds
General
230,765
1.043,042
1,001,585
272.222
Balance at I
Oetober 2022
Incoming
resources
Resources
expellded
Bglance at 30
September 2023
Unrestricted funds
General
?25,394
861,460
856,089)
230,765
15 Analysis of net #55ets behveen lunds
Unrestricted Total funds at 30
(unds
September
General
2024
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
35,387
67,856
210.628
41,649
35,387
67,856
210.628
41,649
Total net assets
272,222
272,222
Unrestricted Total fund5 at 30
funds
September
Genergl
2023
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
44,456
67,856
129,551
11.098
44.456
67,856
129,551
11,098
Total net assets
230.765
230.765
Page 26

Expectations (UK)
Notes to the Financial Statements for the Year Ended 30 September 2024
16 Analysis of net funds
At l October At 30 September
2023
2024
Cash at bank and in hand
59,918
Net debt
59,918
59.918
At l October At 30 September
2022
2023
Cash at bank and in hand
134.968
134.968
Net debt
134.968
134968
17 Related party transactions
There were no related party transaetions in the year.
Page 27

Expectations (UK)
Statement of Financial Activities by fund for the Year Ended 30 September 2024
Unrestricted Funds
Total
Total
Unrestricted Unreslricted
Funds
Funds
2024
2023
Incolne and Endowments from:
Donations and legacies
1,043,042
861,460
Total income
1.043,042
861.460
Expenditure on:
Raising funds
Charitable activities
(1,081)
1.000,504
(18,673)
837,416
Total expenditure
1.001.585
856,089
Net income
41,457
5.371
Net movement in funds
41,457
5,371
Reconciliation of funds
Total ￿Thd$ brought forward
230,765
225,394
Total funds carried forward
272,222
230,765
This page does not forni part of tlie statutory finan¢ial statements.
Page 28

Expectations (UK)
Detailed Statement of Financial Activities for the Year Ended 30 September 2024
Total
2024
Total
2023
Income and Endowments from:
Donations and legacies (analysed below)
1,043,042
861460
Total income
1.043,042
861.460
Expenditure on:
Raising fund5 (analyscd below)
Charitable activities (analysed below)
(1,081)
1,000,504
(18,673)
837,416
Total expenditure
1.001,585
856.089
Net income
41.457
5,371
Net movement in fi￿dS
41,457
5,371
Reconciliation of funds
Total funds brought forward
230,765
225,394
Total funds carried foTrvard
272,222
230,765
This page does not forni part of the statutory financial statements.
Page 29

Expectations (UK)
Detailed Statement of Financial Activities for the Year Ended 30 September 2024
Total
2024
Total
2023
Donations apirf legacies
Committed giving
1043,042
1043 042
861,460
861.460
Raisinglunds
Building repairs
1,081)
{1,081)
18.673
(18,673}
Charitable aLlivilie5
Wages and salaries
Staff NIC {En]ployers)
Staff pensions (Defined contribution) - pension scheme I
Subcontract cosl
Staff training
HO Wages/Oth¢r People Costs
Rent and rates
Light. heat and power
Insurance
(208.074)
(20,889}
(1.945)
(7,868)
(259)
(106,831)
(389,231)
(78.810)
(22.346)
(43,318)
(1.836}
(1.155)
{192)
{1.442)
(1,425)
(11,562)
(17,165)
(191,626)
(17,450)
{2,098)
(11.592)
(104.212)
(282,445)
{42,860)
{16,517}
(68,386)
{1,535)
(3,203)
(237)
(773)
(1,699)
{11,272}
{14,8801
(2681
(6531
{482)
(11,172)
15,994)
(35,462)
(603)
Repairs and maintenance
Telephone and f8X
Computer softtvare and maintenance costs
Printing, Postage and stationery
Trade subscriptions
Hire of plant and machinery (Operating leases)
Cleaning
Travel and 511bsistence
Advertising
PromolioThal expenses
Ciistomer entertaining (disallowable for tax)
Accountancy fees
Solicitors fces
Legal and professional fees
Bank charges
Bank inlercst payable
Depreciation of plant and tnachinery
Depreciation of fixtures and fittings
Depreciation of office equipment
(723)
{11,190)
(64,2791
(590)
(45)
(52)
(8,550)
727)
1,000.504
{69)
(11,108}
{820)
{837,416
This page does noi forn] part OF the slatulory financial slalements.
Page 30