REGISTERED COMPANY NUMBER: 09814006 (England and Wales) REGisfERED CHARITY NUMBER: 1170214 BREAD OF HOPE Report of the Trustees and Financial Statements for the period l January 2025 to 31 December 2025 A14 'AEVRSGG0* 1W0212026 COMPANIES HOUSE
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REPORT OF THE TRUSTEES For the Period l January 2025 to 31 December 2025 It is my pleasure to present the 2025 Trustees Annual Report and Accounts for Bread of Hope. Most of the core activities of the charity conts'nued throughout 2025, including a monthly meeting with a group of workers in their 30,5 and a fortnightly Monday evening discipleship group. It was also great to see the charity back on the streets of London in 2025, delivering three "@Work" seminars following a hiatus in 2024, which served as a catalyst for further refinement of the course booklets. The charity also conkn'nued its participation in a project distributh'ng Christian literature on West London, further contributing to the charity's object to advance the Christian Faith. The charity also printed a new booklet called "Bread of Hope" which will support the delivery of courses In future periods. The charlty continued deepening its partnership with Westbourne Park Baptist Church and the Westbourne Park Food Pantry which the Baptist Church runs. In 2025 the charity increased its financial support for the pantry for the fourth year running to £4,500 and continued assisting the pantry in person for one day a month. The pantry benefitted an e5tirnated 380 households and recorded a 30% increase in shoppers. The charity also made a smaller donation of £2,871 to London Emmanuel Pantry- Harrow Road, a project of Ernmanuel Church, Harrow Road. Income dipped and expenditure rose slightly in 2025, compared to 2024. Funding has, however. remained stable, and a healthy surplus was sth'll recorded at year-end. During 2025 the charity conducted a marketing review. spending severdl months UpdanE its website, producing two short videos for social media and ensuring image licenses were up to date. The future remalns bright for the charlty In 2026 and beyond. In additlon to its normal acVi.es and donations, it plans to continue field-testing the Bread of Hope booklet and, in order to mitigate risk, it will keep seeking to increase the number of monthly as opposed to "lump-sum" donors. We contlnue to thank God for HIS provlslon, for allowing the vitsl work of Bread of Hope to continue and for opening new doors and opportunities for future 8rowth. T Bolster
Governlng Document Bread of Hope is a private company limited by guarantee, incorporated on 7 October 2015 (98140061 and regtstered with the Charity Commission on 14 November 2016 {1170214). The company was estydblished under a Memorandum of Association which estsblished the objects and powers of the charitable company and is governed under its articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. b. Recruttment and Appolntment of Dlrectors and Trustees The directors of the charitable company are its trustees for the purposes of charity law and are collectively referred to as the directors. Directors are appointed at board meetings, and are required to slgn the statement of faith. At every other AGM one director Is required to resign and rnay not stand for more than three consecutive terms. All members of the board give their time voluntsrilv and receive no benefits or expenses from the charity. All the trustees are familiar with the work of the charity. The workings and financial standin8 of the charity will be explained to any new appointee by the Chairperson and Executive Officer. c. Organlsational Structure The trustees meet perlodically to administer the charity. They are drawn from a variety of professional backgrounds relevant to the work of the charity and are responsible for the strategic directs'on and policy of the charity. Jon Horne is responsible for the day to day work of the charity, and is employed on a part-time basis as Executive Officer {Lay Chaplain). d. Rlsk Management The trustees have a responsibility to identify, assess and manage risks. This is done periodicallv during and befv4een board meetings. Financial controls are reviewed annually. A red-amber-green review of the finances and a declaration of conflict of Interest5 begin every board meeting. Reflection on risks may give rise to written policy. Such policies include: safeguarding; health and Safety; whistleblowing; complaints; data protection; and anti-bribery.
e. Reference and Admlnlstrative Detalls Charity Name Charity Registratt'on Number Company Registration Number Bread of Hope 1170214 9814006 Registered Office and Principal Office 7 Fazeley Court Elmfield Way London W93UF ectors and Trustees rimothy Knlght Andrew Nunn Tom Bolster (Chairperson) Gavin Walles 7 October 2015 7 October 2015 28 September 2017 28 September 2017 Jonathan Horne 7 October 2015 Jonathan Horne l June 2017 Solicitors £llls-Fermor & Negus 2 Devonshire Avenue Beeston Nottingham NG9 IBS Barclays 8ank
a. Aims and Objerts The objects of the charity are restricted to the advancement of the Christian Faith and to the relief of financial hardship. The charity aims: to meet its object of the advancement of the Christian Faith by distributing literature about the Christian Faith; and by providing support including (but not limited to) encouragement and training to workers. and to meet its object of the relief of financial hardship by providing reurCeS for the relief of sald hardship to charities whose object- or one of whose objects- is also the relief of fi'nancial hardship. b. En5urlng our work dellvers our alms The trustees have had regard to the guidance issued by the Charity Commission on public benefit. Charity policy dictates that before undertaking any activity, the following questions must be satr'sfi'ed: "does the activity meet one of the objects of the charity? Whom does the activity benefit?. "What benefit does it bring?" Activities are then reviewed throughout the year using these three same questions. The aims by which the charity Meets its objects are reviewed annuallv. c. The focus of our work The provision of resource5 to Charle5 whose object- or one of whose objects- Is also the rellef of ftnancial hardship: • The distribution of literature about the Christian Faith; and The development land delivery) of resources to encourage and support workers. a. Who used and benefited from our servlces Food Pantrles The charity SUPPOrts Westbourne Park Food Pantry, which is a project of Westbourne Park 8aptist Church (charity: 1143988). The pantry is a practical expression of the church's vi5i0n to 'love God and love people,. During the period, 12 of the stsff/volunteer team were members or regular attendees of the church, and pantry members were invited to events at the church. The pantry is also a franchise of Your Local Pantry whose values- dignity, choice, and hope- are embodied in the experience, support, and conversation members enjoy when they attend the pantry. During the period, The Warm Welcome Café ran alongside the pantry until March before reopenlng in November. Thls provided opportunities over coffee or lunch to nurture relationshlps and offer 5UPPOrt to members in different areas of life. It is not unusual for members to integrate into other projects and events run by the Church or Westbourne Park Family Centre (charity: 1085070), which is hosted by the Church. Pantry members: • are referred by the North Paddington Food Bank, Social Services. the NHS (Health Visitors), local schools, and word of mouth; live or work in or on the borders of Westminster (borough on. and • have access to £225 worth of food each week. including fresh fruit, fish. and vegetsbles (as available) all for a small weekly subscription of £5.
During the period: the pantry delivered 50 {2024: 50) sessions from 10.30 to 17.00 every Thursday, closing for one week in January (for cleaning) and on Christmas Day Iwhich fell on a Thursday). the number of registered members (on the Your Local Pantry portal) was 30312024." 312), of whom 297 (2024: 297) were active; and members shopped 6.056 {2024: 6,056) times (weekly, alternate weekly or monthly attendances) with an estimated 20.623 (2024: 20,623) household members benefiting. Specifically, the Charity: made one grant of £4,000 and another of £500 {2024: £4,000). These grants have been used towards the monthly running costs of the pantry. has been collecting empty egg boxes from residents who neighbour the registered office. The pantry can then use these to distribute eggs sourced from a wholesaler, which come in large boxes. 103 boxes were supplied in the period12024: 160). assisted the pantry in person by welcoming individuals in the pantry queue every other Thursday morning. This entails listening to and building relationships with members, and being intentional about spiritual conversath'ons. The Pantry reports, 'This has been helpful in building relationships with people, and gaining information from members on areas that they fi'nd challenging and which could be improved., The charity also supports London Emmanuel Pantry- Harrow Road. which is a project of Emmanuel Church, Harrow Road (church code: 6230411, and also a franchise of Your Local Pantry, aimin8 to provide £21H25 worth of food each week for a £5 subscription. Pantry members mainly live in the Queens Park and Harrow Road wards of Westminster (borough on, with a small number from nelghbouring Wll and W2 wards as well as Other W9 addresses in the adjacent Maida Vale ward. • A proportion of members are in Iow-income employment, often receiving housing benefit to help with their housing costs. The largest proportfon of members are on Unlversal Credit or living upon the state pension, or are In receipt of some of the different disability benefits (representing 12% of households). During the period: • by December, the estimated number of shoppers per week was 170 {2024: 130). • Members shopped 7,337 times (April to Decernber 2024: 4,107) wlth an estimated 380 (April to Oecember 2024: 260) households benefitting. Specifically, the charity: recelved £2,871.48 from The Bonk of America to allocate as a grant to the pantry (2024: £5.032.71). 'The grant was used again towards the costs of the food we purchase each week., Moreover, it is not guaranteed that the pantry will receive the same level of council funding in the next period as it did in the present period. Therefore, grants received from The Bonk of America via 8read of Hope make 'a real difference with giving us the confidence to keep allowing new Members to join and for us to retain the level of weekly shopping that we operate at present., Courses The charity facilitates a range of courses: • ForgNeness@Work explores what it means to invite worthiness in the face of perceived wrongdoing. This helps to nurture connection between people. • Witness@Work helps participants to articulate the hope that the resurrection of Jesus brings to the everyday. • Worship@Work challenges participants to approach their own work as worship, and thereby play part in God's plan to put the world to rights. • Stress@Work seeks to complement stress management with spiritual formation, so that participants can better weather emotions, becoming a blessing to others in the process.
A full Forgiveness@Work seminar was delivered in April, and an abridged version in May. Material that spliced Witness@Work and Worship@Work was delivered at a church men's weekend in May. And an abridged version of Wltness@Work was run in September. The abridged Witness@Work seminar coincided with the publication of a new booklet Bread of Hope, which introduces the Christian Faith through the resurrertion. During the period all booklets used on all courses were revised. Meetlngs The charity facilitated a fortnightly meeting (via Zooml where resources to encourage and support workers from a range of sectors were delivered. (Notsbly, the group also includes a number of current and former church leaders, both lay and ordained.) Resources included: a bespoke series entitled Faith and Psychoanalytic Thought. Thinkers considered were: Melanie Klein; Andrew Morrison; and Karen O'Donnell. • a bespoke series entitled Atonement and Mission. Thlnkers considered were: C.S. Lewis. Ched Myers; Vincent Donovan. Michael Stroope; Ivan Illich; and Francis Spufford. During this series all seven Breod of Hope booklets used in the @ Work courses were presented and discussed. Also, a paper on marriage was published by the Gospel Coalition journal Themelios. This was derived from a discussion the group {above) had had about marriage in 2024. The charlty facilitated monthty meetings wlth a group of workers (from a range of sectors) In their 31Ys. Monthly meetings alternated between reflecting on pressing workplace issues and Timothy Gombis, book The Drama of Ephesians. One-to-one meetlngs continued during the period, albeit these addressed ad hoc needs rather than literature about the Christian Faith. Evangellsm The abridged Witness@Work seminar led to 3 ConversaOnS. 2 with one individual; and I wlth 4. Dlstrlbution The charity distrlbuted Ilterature about the Christian Faith on the streets of West London. Durlng ten hours spread over six weeks the charity distributed 2 New Testaments and Initiated 2 conversations about the Christlan Faith. And while distributing copies of the Gospel of John later in the year, there was I wnversation with 2 individuals about Jesus. b. What was the impact? The impact of these act?vities will be measured from the next perlod onwards. Policy allows for both occasional "ad hoc" volunteers and volunteers who commit to more than 30 hours each work. No volunteers were engaged in the period.
a. Flnanclal Revlew During the period the charity received incorne from donations of £66,45012024: £70.756I, and total income of £66,801 (2024: £72.484). The total costs for the period were £64.257 {2024.. £63,417). This leaves a net surplus for the period of £2,544 (2024: £9,067). b. Reserves Pollcy The charity's policy is to ensure that there are sufficient funds to cover three months of staff salaries. This exclusively meets the objects of the charity. In practice, however, fvnds have been kept in reserve Sufficient to cover six months of stsff salary as well as overheads incurred durlng those months. Again, this is to exclusively meet the objects of the charity; and it allows the charity more time to raise funds should income decrease. This prdctice is also intended to become policy during the next period. During the current period, £31,682.40 was typically retained in the General Fund as a six-month reserve (2024: £28,032.40). This accounts for £31,682.40 of £39,305 cash at bank on the balance sheet. The charity will continue to: support Westbourne Park Food Pantry by making grants, and by assisting in persorb; • support London Emmanuel Pantry- Harrow Road, by making grants, and by being on hand to asslst in person. • develop land deliver) resources to encourage and support workers. • facilitate monthly and fortnightly meetings to support and encourage workers from various sectors, using (amongst other things) bespoke courses on faith and politics, liberation theology, and embodied spirituality; facilitate one-to-one meetings with individuals; • distribute literature about the Christian Faith on the streets of West London. and • experiment with relational evangelism in West London. The charity will also: run Witness@Work seminars in order to continue field-te5tlng the Bread of Hope booklet. In order to mitigate risk, the charity will keep seeking to increase the number of monthly donors (whose giving is somewhat predictable), and therefore come to rely less on occasional "lump-sum" donors {whose giving is less predictable).
The trustees (who are also dirertors of Bread of Hope for the. purposes of company law) are responsible for preparing the Trustees, Annual Report and the fi.nancial statements. The financial statements have been prepared in accordance with Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102). The fi'rst transition to these Reporting Stsndards took place on 1st November 2016. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the Income and expenditure. of the charitable company for that period. In preparing these financlal ststements, the trustees are required to: • select suitable accounting policies and then apply them consistently; • observe the methods and principles in the Charities SORP; • make judgments and estimates that are reasonable and prudent; • state whether applicable UK Accounting Stsndards have been followed; and prepare the fi'nancial statements on the going concern basls unless it Is Inappropriate to presume that the charitsble company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitsble company and enable thern to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charltable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the Maintenance and integrity of the corporate and financial information included on the charitable cornpany's website. Legislation in the United Kingdom governing the preparatlon and dissemlnatlon of financial statements may dlffer from legislation in other jufisdictlons: By order of the board T Bolster Chairperson Date Ll.02. L6
srATEMENT OF FINANCIAL AcrivmES Bread of Hope For the year ended 31 December 2025 Notes Unrestrlrted funds 2025 Unrestrlcted funds 2024 INCOME ANO ENDOWMENfs FROM: Donations and legacies Other 66,450 350 70,756 1,728 72,484 Total 66,801 EXPENDITURE ON: Ralslng funds Communication with donors 1,739 862 Charltsble actlvltles Staff costs 46,903 ,221 7,371 45,802 5,709 9,533 1,511 63,417 Running and operati'ng costs Grants made Other Total resources expended 64,234 NET INCOME / (EXPENDITURE) 2,566 9.067 Net movement In funds 2,566 9,067 Reconclllation of funds: Totsl funds brought forward Total funds carrled forward 36,678 39,244 27,611 36,678 The notes on page$ 11 to 13 form part of these financial statements.
BALANCE SHEEr Bread of Hope As at 31 December 2025 Notes 31 Dec 2025 310ec 2024 FIXED ASSETS Tangible assets Totsi fixed assets CURRENf ASSErs Cash at bank 39,305 37,515 Totsi current assets 39,305 37.515 LIABIUTIES Creditors: Amounts falling due within one year (61) 1837) NET ASSErs 39,244 36,678 Unrestrlcted funds 39,244 36,678 TOTAL CHARITY FUNDS 39,244 36,678 The charitable company is entitled to exemption from audit under Section 477 of the Companie5 Act 2006 for the period ended 31 December 2025. The members have not required the charitable company to obtain an audrt of it5 financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companles Act 2006. The trustees acknowledge their responslbillties for.. la) ensuring that the charitable cornpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and Ib) preparing financial ststernents which give a true and falr view of the state of affairs of the charitable cornpany as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial ststernents, so far as applicable to the charitsble company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relats'ng to small charitable companies and with the Financial Reporting Stsndard 102. The financial statements were approved by the Board of Trustees on ..Q.9.:.Q..7.. ..36and signed on its behalf by: Tru tee The notes on pages 11 to 13 form part of these financial ststements. 10
NOTES TO THE FINANCIAL STATEMENTS Bread of Hope for the Period l January 2025 to 31 December 2025 I. ACCOUNTING POUCIES Accountln8 Convention The financial statements have been prepared in accordance with historical cost convention and with the accounting policies set out below. The financial statements compty 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 (FRS102). The first transition to these Reporting Stsndards took place on 1st November 2016. b. Income and endowments All incorne and endowments are included in the staternent of financial activities when the charitv has entitlement to the funds, certainty of receipt and the amount can be measured with suffi'cient reliability. G Expendlture 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 acts'vitr'es on a basi5 consistent with the use of resources. d. ReCognIon of Uabllltfes Liabilities are recognised when an obligation arises to transfer economic benefits as a result of past transactions or events. e. Reserves Pollcy The policy of the charity is to distribute reserves in accordance with the objects of the charity whilst ensuring that there are sufficient funds to cover cashflow requirements relating to committed expenditure such as salary payments. Typically, thls meant retsining £28,032.40 in the General Fund untll September, and therb £31,682.40 thereafter. f. Funds The charity holds general funds that are unrestricted. These are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. g. Taxation The charity is exempt from corporation tax on Its charitsble activities. The charity is not registered for VAT either and accordingly, all of its expenditure is recorded inclusive of VAT incurred. 2. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the period ended 31 December 2025. There were no trustees, expenses paid for the period ended 31 December 2025. 3. INCOME AND ENDOWMENTS °Other" is composed of £350 credit from the bank. 11
- STAFF COSTS The average number of persons employed by the charity during the period for support work was one. The staff costs were: Unrestrirted funds 2025 Wages and salaries Social security costs Pension costs 33,970 6,655 5,620 659 Administrdtion fee Total 46,903 No employee earned more than £60,000. Salary does not reflect position in the organisation. Rather, it reflects a conviction that staff lifestyle should not detract from public benefit. Salary is set so that staff may pursue the objects of the charity for the public benefit unhindered by both substandard living {which might affect performance) and excess (thereby appropriating funds that should otherwise benefit the public). This balance also reflects the Christian ethos of the Charity: 'give me neither poverty nor riches, but give me only my daily bread. Otherwise, I may have too much and disown you and say, 'Who is the Lord?" Or I may become poor and steal, and so dishonour the name of my God, {Proverbs 30.8-9]. Furthermore, the same salary scale Is applicable to all staff, albeit allowlng for adjustments like location: the minimum salary for stsff based in London is the London Living Wage. but for stsff based elsewhere in the UK the minimum salary is the National Living Wage. Policy dictates that salary Is revlewed annually, which affords an opportunity to compare the salary scale with other organi5ati.ons in the sector.
- RUNNING AND OPERATING COSTS Unrestrlcted funds 2025 Equipment Governance 751 903 Media 675 Office 2,532 1,322 1,429 . 608 Other Print Publicity Total 8,221 12
In the previous period, "Running and Operating costs included "Literature" "Literature. has been amalgamated with audio and video expenditure; and recategorised as "Media". This is to give clearer account of these costs. Also, in the previous perind, "Running and Operating costs" did not include Print" and "Publicity . Publicity" includes the production required for charity Christmas cards, event postcards, and promotional emails and videos (eg. images, audlo, online services like Mailchirnp, print, envelopes. etc.) "Print" includes the print production of materials that further the objects of the charity. Again, this is to give a clearer account of these costs. -Equipment" includes computer hardware, software, and online services (non-marketlng, eg. Sync). The charity operates a de minimis poliry for equipment. Equipment with a historical cost of less than £200 is not subject to depreciation. 6. GRANTS MADE Analysls Grants to Institutions Grants to Indlvlduals Support cost Total Institution: Westbourne Park Baptist Church Icharity: 11439881, project: Westbourne Park Food 4,500 4,51XI Institution: Emmanuel Harrow Road {church code: 623041). project: Emmanuel Food Pantry- Harrow Road. Total 2,871 2,871 7,371 7.371 The objects of Westbourne Park Baptist Church {charity: 1143988) are 'the advancement of the Christian Faith . and other charitsble purposes in the United Kingdom ' The work of Westbourne Park Food Pantry coincides with the charity's object for the rellef of fi'nancial hardship. Emmanuel Harrow Road (church code: 623041) is a charity for the purposes of the Charities Act 2011. The work of Emmanuel Food Pantry- Harrow Road coincides with the charity's object for the rellef of financlal hardship. Both Westbourne Park Food Pantry and Emmanuel Harrow Road also satisfy the charity's grant- making policy that grants be made "with particular focus on" Greater London.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES Bread of Hope I report to the trustees on my examination of the accounts of the charitable company for the year ended 31A Decernber 2025. Responslblllties and basls of report As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 ('the 2011 Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlsslon under section 145(5)(b) of the Act. Independent emamlners ststement I have completed my examination. I confirm that no matters have come to my attentr'on in connection with the eKaminats'on giving me cause to believe that in any mat8rial rerpcct: l. accounting records were not kept in respect of the Charity as requlred by section 130 of the 2011 Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requlrements concernlng 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 eyamination. 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 understsnding of the accounts to be reached. Signed: Dated.. 14 January 2026 Kolade Andrew Alli ACMA The ARK Financial Management Consultsnts Ltd 10 Gatcombe Gardens West End Hampshire 5018 3NA 14
Bread of Hope s of the Financial S for the Pe nua 2025 to 31 December 2 Page Report of the Trustees Ito7 Trustees. Responsibilitfe5 ststement of Financial Activities 8alance Sheet io Notes to the Financial Statements Ilto13 Independent Examiner's Report to the Trustees 14 15