## **HOPE AND RESTORATION** Registered Charity and Company Limited by Guarantee ## **Financial Statements** **For the year ended** ## **31[ST] AUGUST 2025** Company number: 06680061 (England and Wales) Charity number: 1158452 1 ## **HOPE AND RESTORATION** **Year Ended 31[st] August 2025** **Company registration number** : 06680061 **Charity registration number** : 1158452 ## **Principal address:** 134 Charlton Road London N9 8EU ## **Directors and Trustees:** Rev. Francis Adu Margaret Thorli Sarah Conteh Shika Larnyo ## **Governing document** The Company Charity is governed by its memorandum and articles of association. ## **Bankers: -** Lloyds Bank ## **Accountant** : TACTS Accountant 61 Fountains Crescent London N14 6BD 2 ## **HOPE AND RESTOTATION** ## **REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD** ## **31[ST] AUGUST 2025** |**Contents**

Trustees Report
Independent Examiner’s report
Income & Expenditure
Balance Sheet

Note to the accounts|**Pages**

4 - 7
8
9
10
11-14| |---|---| 3 **Hope and Restoration: For the Year Ended 31[st] August 2025** ## **Trustees Report** The trustees are pleased to present their annual report for the year ended 31st August 2025, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2015). ## **Governance, Structure and Management** Hope and Restoration is a Company Charity with company number 6680061 governed by its Memorandum and Articles of Association. These are wholly based on the Memorandum and Articles of Association of the charity, which is registered with the Charity Commission (number 1158452). New Directors and Trustees are appointed by a resolution of the Directors passed at a special meeting of the Directors. Officers of the charity (Chairperson, Vice-Chairperson, Treasurer and Secretary) are elected by members at the Annual General Meeting and inducted by fellow Directors and Trustees and the Co-ordinator. The overall management of finance is the responsibility of all the Trustees acting on the recommendations of the Chairman, the Treasurer and the Secretary and the advice of the Coordinator. The Trustees form the Management Committee, which meets at least quarterly. ## **CHARITABLE OBJECTS:** 1. TO PROMOTE THE RELIEF OF UNEMPLOYMENT FOR THE PUBLIC BENEFIT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE WITH WORK PLACEMENTS, JOB SEARCHES, JOB APPLICATION, CV WRITING, EMPLOYMENT SUPPORT AND AFTER-CARE 2. TO PROMOTE THE RELIEF OF POVERTY AMONG ECONOMICALLY AND/OR SOCIALLY DISADVANTAGED PEOPLE MAINLY BUT NOT LIMITED TO LONE PARENTS, YOUNG PEOPLE NOT IN EDUCATION, EMPLOYMENT OR TRAINING (NEET), JOB SEEKERS, LOW INCOME EARNERS AND THOSE WITH LITTLE OR NO QUALIFICATIONS ("THE BENEFICIARIES") THROUGH THE PROVISION OF EDUCATION, TRAINING AND EMPLOYMENT SUPPORT TO ENABLE THESE INDIVIDUALS SEEK SUSTAINABLE EMPLOYMENT OR SELF EMPLOYMENT AND BECOME SELF-SUFFICIENT. 3. TO OTHERWISE ADVANCE EDUCATION AND TRAINING FOR THE BENEFICIARIES, OR THE WIDER PUBLIC AS MAY BE DETERMINED, THROUGH THE PROVISION OF ACCREDITED COURSES TO INCREASE THEIR SKILLS, KNOWLEDGE, ABILITIES AND CONFIDENCE. ## . **Our Volunteers** Hope and Restoration is deeply rooted in the community and relies significantly on voluntary support. During the year, 2 dedicated volunteers supported the organisation’s ongoing activities. The Trustees extend their sincere gratitude for their commitment, loyalty, and valuable contributions. 4 ## **Objectives and Aims** The charity’s primary objective is to support and improve the lives of disadvantaged individuals by equipping them with the skills, confidence, and opportunities needed to thrive. ## **Public Benefit** The Trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. ## **Risk Management** The Trustees have established a comprehensive risk management strategy which includes: - An annual review of principal risks and uncertainties - The development of policies, systems, and procedures to mitigate identified risks - • The implementation of measures to manage and minimise the impact of risks should they arise Risks are continuously monitored, reported to the Trustees, and addressed through appropriate action. ## **Activities** The organisation’s core activities focus on delivering skills development workshops, employment support, and work placement opportunities for unemployed individuals, job seekers, low-skilled individuals, and those not in education, employment, or training (NEET). These programmes are designed to build confidence, skills, and personal awareness, enabling progression into employment, self-employment, or further education. Programmes delivered include: - Certificate in Classroom Assistant - Personal Development Workshops - Business Enterprise Awareness - Employability Skills Training - Financial Management Training - One-to-One Mentoring Support - Start-Up Business Guidance - Certificate in Enterprise Mentoring The organisation successfully delivered all activities during the year, supported by funding from Enfield Voluntary Action TPI Grant and the London Community Foundation. 5 ## **Key Achievements and Performance** The past 12 months to 31st August 2025 have been another strong and productive year for the organisation. The charity successfully met its aims and objectives, achieving, and in many cases exceeding, its project targets. Funding received played a critical role in sustaining operations and expanding reach to more disadvantaged individuals and communities. During 2024-2025, the organisation received funding from Awards for All to support 90 beneficiaries through: - Cost-of-living crisis support - Financial management and resilience training - Emergency coaching and mentoring for anxiety and stress - Assistance with welfare benefits forms for non-English speakers - Guidance on energy costs and independent payments - Provision of refreshments and travel expenses to encourage participation ## Additionally, the **Teaching Assistant and Business Start-Up Skills Training** **Programme** supported 90 single fathers, men, lone parents, and women aged 50+, equipping them with the skills to gain employment, register businesses, and pursue self-employment opportunities. The Work Placement Scheme continued to perform strongly, exceeding targets and strengthening partnerships with local employers, contributing to wider community development. These achievements reflect the dedication and collaborative efforts of the Board, management, staff, volunteers, funders, and partners. ## **Financial Review** Income for the period was £29,503 (2023-24: £5,024). After expenditure, a surplus of £16,350 was recorded (2023-24: -£4,634). ## **Future Plans** The organisation will continue to focus on fundraising to support its programmes and respond to identified community needs. Future priorities include: - Expanding fundraising strategies - Securing contracts for programmes such as The Shane Project partnership. - • Delivering additional capacity-building and training initiatives through diverse funding streams 6 ## **Statement of Directors’ and Trustees’ Responsibilities** Under the Companies Act 2006, Directors are required to prepare financial statements that give a true and fair view of the organisation’s financial position and performance. They are also responsible for maintaining accurate accounting records and ensuring the charity operates effectively. Charity Trustees, also known as Directors, Board Members, or Committee Members, hold ultimate responsibility for ensuring the organisation is: - Properly governed - Financially sustainable - Effectively managed - Delivering on its charitable objectives ## **Acknowledgement** On behalf of the Board, we extend our sincere thanks to the management team, staff, and volunteers of Hope and Restoration for their dedication and hard work. We also express our gratitude to our funders and partners, whose continued support enables us to sustain and grow our impact within the community. ## _**On behalf of the board of trustees and directors:**_ Sarah Conteh (Secretary) Date: 30/03/2026 7 ## **Independent examiner’s report to the trustees of Hope and Restoration** I report on the accounts of the company for the year ended 31[st] August 2025, which are set out on pages 9 to 14. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. ## It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the - Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with 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 the 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** In connection with my examination, no matter has come to my attention to indicate that: • accounting records have not been kept in accordance with section 386 of the Companies Act 2006; - the accounts do not accord with such records: • where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102) - any matter which the examiner believes should be drawn to the attention of the reader - to gain a proper understanding of the accounts. ## Tacts Accountant Date: 30/03/2026 Chartered Certified Accountant TACTS Accountant, 61 Fountains Crescent, London, N14 6BD 8 ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**HOPE AND RESTORATION**||||||||||| ||**STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD**|||||**ENDED 31 AUGUST 2025**|||||| ||**INCOMING RESOURCES**
Donations
**Incoming resources from charitable activities**
National Lottery Community Fund
School For Social Enterprise
London Borough of Enfield
**Income from services**
**Other income**
**TOTAL INCOMING RESOURCES**
**RESOUCES EXPENDED**
**Expenses in Charitable Activities**
Salary Costs
Sessional Workers
Rent and Venue Hire
Refreshments
Website Development
Training Costs
Volunteers and Travel Expenses
Publicity and promotions
Equipment and IT Support
Beneficiary Allowance and Materials
Insurance
Office expenses
Professional fees
**TOTAL RESOUCES EXPENDED**
Net Incomings and Outgoings Resources
**BALANCE BROUGHT FORWARD**
**TOTAL FUNDS CARRIED FORWARD**||**Unrestricted**
**Funds**
£
1,424
-
-
1,500
6,589
-
**9,513**
-
2,900
1,500
283
-
1,704
467
68
715
345
291
1,195
-
**9,469**
44
**44**|||**Restricted**
**Funds**
£
-
19,990
-
-
-
-
**19,990**
768
1,801
-
-
63
57
-
-
331
-
-
64
600
**3,684**
16,306
**-**|||**Total**
**Funds**
**2025**
£
**1,424**
**19,990**
**-**
**1,500**
**6,589**
**-**|**Total**
**Funds**
**2024**
£
1,810
-
700
1,500
976
38|| ||||||||||||| ||||||||||||| ||||||||||**29,503**||**5,024**| ||||||||||**768**
**4,701**
**1,500**
**283**
**63**
**1,761**
**467**
**68**
**1,046**
**345**
**291**
**1,259**
**600**||4,750
289
1,500
290
301
683
5
55
-
236
461
838
250| ||||||||||**13,153**||**9,658**| ||||||||||**16,350**|(4,634)|| ||||||||||**44**|**4,678**|| ||||||||||||| |||||**88**|||**16,306**||**16,394 **|**44**|| The statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities. (The notes attached form part of these financial statements.) 9 ## **HOPE AND RESTORATION** ||**BALANCE SHEET AS AT 31st**|**AUGUST 2025**|**AUGUST 2025**|||| |---|---|---|---|---|---|---| ||**Fixed Assets**
**Current Assets:**
Debtors
Cash at Bank and In Hand
**Current Liabilities:**
**Creditors:**
Amount falling due within one year:
Accruals & Creditors
**Net Assets**
**As Represented By**
Unrestricted Fund
Restricted Fund
**Total Funds**|Notes
(9)
(7)
(8)
(5)|£
**2025**
**FUNDS**
-
-
16,994
600
**16,394 **
88
16,306
**16,394 **||£
**2024**
**FUNDS**
-
-
294
250|| ||||||**44**|| ||||||44
-|| ||||||**44**|| The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The accounts were approved by the Directors on 30/03/2026 and signed on their behalf by: ………………………......... ………………………………. Sarah Conteh Margaret Thorli Secretary and Trustee Director and Trustee 10 **HOPE AND RESTORATION Year Ended 31[st ] August 2025** ## **Notes to the accounts** ## 1.1 **Accounting convention** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## a) Basis of preparation The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Hope and Restoration meet the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## b) Preparation of the accounts on a going concern basis The Charity trustees are of the view that measures taken subsequent to the year-end to reduce operating costs and successful in applying for continuation funding have secured the immediate future of the Charity for the next 12 to 18 months and that on this basis the charity is a going concern. ## 1.2 **Fund structure** - Fund accounting unrestricted funds are available to spend on activities that further any of the purposes of charity particular areas of the charity’s work. The charity did not have any designated funds in this financial year. ## 1.3 **Incoming resources** - All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. ## 1.4 **Resources expended** - Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT as the Charity is exempt from registration for VAT and therefore is reported as part of the expenditure to which it relates. ## 1.5 **Tangible fixed assets and depreciation** - Depreciation is provided to write off the cost, of all fixed assets over their expected - Useful life. - No Fixed assets in this financial year ## 1.6 **Cash Flow Statement** The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small. 11 ## **2. Taxation** Hope and Restoration is a registered charity and is not liable for corporation tax on its income under section 505 of the Income and Corporation Taxes Act 1988 to the extent that it is applied to its charitable activities. ## **3. Support Cost** Allocation of support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, and governance costs which support the Charity activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 11. - **4** . Hope and Restoration is a registered charity and company limited by guarantee without a share capital. ## **5. Restricted Fund Analysis** |National Lottery Com. Fund
**Total Funds**|**Balance at 1st**
**September**
**2024**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at 31st**
**August 2025**
**£**
**£**
**£**
**£**
-
19,990
3,684
**16,306**| |---|---| ||**-**
**19,990**
**3,684**
**16,306**| **Purpose of restricted fund** : To provide Educational, capacity building training and employability support for beneficiaries. ## **6. Staff Costs** |Wages and Salaries|**2025**
**£**
1,536
1,536|**2024**
**£**
4,750| |---|---|---| |||4,750| The total numbers of employees were 1 (Part-time) in this year. None of the employees received emoluments in excess of £60,000 in the year or the previous year. Director/trustee was paid a remuneration of £1,536 during this financial year for specialised work. Number of self-employed workers were 1. ## **7. Debtors** |**Debtors**
Other debtors
**. Creditors & Accrual**
Professional Fees
**Total Creditors and Accruals**||**2025**
**£**
-
**2025**
**£**
600
**600**||**2024**
**£**
-
**2024**
**£**
250| |---|---|---|---|---| |||||| |||||| |||||**250**| ## **8. Creditors & Accrual** 12 ## **9. Tangible Fixed Assets** |**9. Tangible Fixed Assets**|| |---|---| ||**Equipment**| ||**£**| |**At Cost**|1,099| ||**1,099**| |**Depreciation:**|| |At 1 September 2023|1,099| |Charge for the year|-| |At 31 August 2025|1,099| |**NET BOOK VALUE**|| |At 31 August 2025|-| |At 30 August 2024|-| |**10. Charitable Expenditure**|| |**At Cost**
**Depreciation:**
At 1 September 2023
Charge for the year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 30 August 2024
**10. Charitable Expenditure**|**At Cost**
**Depreciation:**
At 1 September 2023
Charge for the year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 30 August 2024
**10. Charitable Expenditure**|**At Cost**
**Depreciation:**
At 1 September 2023
Charge for the year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 30 August 2024
**10. Charitable Expenditure**|**At Cost**
**Depreciation:**
At 1 September 2023
Charge for the year
At 31 August 2025
**NET BOOK VALUE**
At 31 August 2025
At 30 August 2024
**10. Charitable Expenditure**|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099|**Equipment**
**£**
1,099| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||**1,099**|||||||||| |||||1,099
-|||||||||| |||||1,099|||||||||| |||||-|||||||||| |||||-|||||||||| ||||||||||||||| |**Expenses in Charitable Activities**
Salary Costs
Sessional Workers
Rent and Venue Hire
Refreshments
Website Development
Training Costs
Volunteers abd Travel Expenses
Publicity and promotions
Equipment and IT Support
Beneficiary Allowance and Materials
Insurance
Office expenses
Professional fees
**TOTAL RESOUCES EXPENDED**
**11. Support and Governance Costs**
Insurance
Office expenses
Professional fees
**Total Support & Governance**||||||**Restricted**
**Funds**
£
1,536
1,033
-
-
63
57
-
-
331
-
-
64
600
**3,684 **
**Governance**
**£**
291
-
600
**891**|||**Total**
**Funds**
**2025**
£
**1,536**
**3,933**
**1,500**
**283**
**63**
**1,761**
**467**
**68**
**1,046**
**345**
**291**
**1,259**
**600**|||**Total**
**Funds**
**2024**
£
4,750
289
1,500
290
301
683
5
55
-
236
461
838
250|| ||||||||||||||| ||||||||||||||| |||||||||||**13,153**|||**9,658**| ||||||||||||**Total**
**£**
**291**
**1,259**
**600**
**2,150**||| |||**1,259**|||||**891**||||||| 13