COMPANY REGISTRATION NUMBER.. 11177569 CHARITY REGISTRATION NUMBER: 1179132 Lending Hope Limited Company Limited by Guarantee Unaudited Financial Statements 31 January 2025 BRINDLEY LD TEIN LIMITED Chartered accountants 103 High street Waltham Cross EN8 7AN Lending Hope Limited Company Limited by Guarantee Financial Slatemenls Year ended 31 January 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure accounll Statement of financial position Statement of cash flows Notes to the financial statements Lending Hope Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reporl) Year ended 31 January 2025 The Iruslees, who are also the directors lor the purposes ol company law, present their report and the unaudited financial statements ol the charity for the year ended 31 January 2025. Referen¢e and admlnl$tratlve detalls Reglstered charlty name Lending Hope Limited Charlty reglstratlon number 1179132 Company registration number 11177569 Principal office and registered 67 Forburg Road office London N166HR England The trustees Mr N. Kahan Mr H. Barminka Mr B. Schwartz Mr M. Friedman (Resigned 23 September 20241 (Appointed 23 September 20241 Independent examiner Charles Goldstein FCA 103 High street Waltham Cross EN8 7AN Strueturey governanee and rnanagement The charity is conslituled under a trust deed dated 19 February 2018. 11 is a registered charity. number 1179132. Recruilmenl and appointment ol new trustees would be in line with the Memorandum and Articles ol Association and with the consent of the trustees. The criteria sel lor the suitable candidate would b8 someone who is sensitive lo the needs and demands ol the organisalion. All major decisions are taken collectively by the Iruslees and all the Iruslees give ol their lime freely. The trustees are unpaid and details ol any related party transactions are disclosed as applicable in the notes lo the accounts. The arrangements lor setting the pay of the charity's employees are the sole domain of the trustees. Lending Hope Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reporl) (¢onUnued) Year ended 31 January 2025 Objectives and activities The charills objectives are the following.. lo promote the education, including social and physical training, ol people with special needs under the age of 25 years in the United Kingdom in such ways as the charity Iruslees see lil, including by.. awarding such persons scholarships, maintenance allowances or grants tenable al any school, university, college or inslilulion ol higher education,. providing their education, including the study ol music or other arts, lo undertake travel in furtherance ol that education or to prepare lorv entry lo any occupation, trade or profession on leaving any educational eslablishmenl. the advancement of education. the relief ol poverty. the advancemenl of such olher objects as we are for the benefit of the public and are charitable according to the laws of England and Wales. Achievements and performance During the year the eharily eonlinued to function to the satisfaction of the Trustees 2nd the Trustees arè satisfied with ils increasè in funds during the year. As part ol their duties. the Trustees are constantly reviewing the level ol services provided. and are prepared to introduce any improvements that are deemed necessary. Financial review Income from donations during the year has decreased lo £109,929 12024.. £396,535), however the charity reports an increased surplus lor the year of £15,55612024'. Surplus £11,337). The trustees are determined to keep within bLJdgel and continue lo examine ways lo increase income as well as savings in costs. Reserves policy The charity retains reserves lo ensure it has sullicienl funds lo meet immediate and anlicipaled adminislralive costs. Small ¢ompany provlslons This report has been prepared in accordance with the provisions applicable to companies enlilled lo the small companies exemption. Lending Hope Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reporl) (¢onUnued) Year ended 31 January 2025 The trustees, annual report was approved on 25 November 2025 and signed on behalf of the board ol Iruslees by.. Mr H. Barminka Trustee Lending Hope Limited Company Limited by Guarantee Independent Examiner's Report lo the Trustees of Lending Hope Limited Year ended 31 January 2025 I report to the trustees on my examination ol the financial statements ol Lending Hope Limited I'lhe charily'l lor the year ended 31 January 2025. Respon$lbllltles and bas1$ of report As the trustees ol the company land also its directors for the purposes ol company lawl you are responsible lor the preparation of the financial slalemenls in accordan￿ with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts ol the company are not required to be audited under Part 16 ol the 2006 Act and are eligible for independent examination, I report in respect of my examination ol the charity s accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my allenlion in connection with the examination giving me cause to believe= accounting records were not kept in respe¢l ol the ¢harity as required by section 386 01 the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and lair, view which is not a matter considered as part ol an independent examination., or the financial statements have not been prepared in accordance with the methods and principles ol the Statement ol Recommended Practice lor accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding ol the accounts lo be reached. Charles Goldstein FCA Independent Examiner 103 High street Waltham Cross EN8 7AN 25 November 2025 Lending Hope Limited Company Limited by Guarantee Stalement of Financial Aclivilies (including income and expenditure accounl) Year ended 31 January 2025 2025 Restricted funds Total tunds Total funds 2024 Unreslricled funds Note Income and endowments Donations and legacies Other income 109,929 109,929 396,535 20,884 Total income 109,929 109,929 417,419 Expenditure Expenditure on charitable activities Total expenditure 94,373 94,373 406,082 94,373 94,373 406,082 Net Income and net movement In funds 15,556 15,556 11,337 Reconciliation of funds Total funds brought forward Total funds carried forward 94,868 5,207 100,075 88,738 110,424 5,207 115,631 100,075 The statement ol financial activities includes all gains and losses recognised in the year. All income and expenditLJre derive from continuing aclivilies. Th• notes on pagas 8 to 15 form part of thasè flnanclal statomènts. Lending Hope Limited Company Limited by Guarantee Stalement ol Financial Position 31 January 2025 2025 2024 Note Fixed assets Tangible fixed assets 13 166,134 166,134 Current a$set$ Cash at bank and in hand 18,075 21,213 Credltors: amounts falllng due wlthln one year Net current Ilabllltles 14 19,411 38,105 1,336 16,892 Total as$et$ less Current Ilabllltles 164,798 149,242 Credltors: amounts falllng due after more than one year Net as$ets 15 49,167 49,167 115,631 100,075 Funds of the charity Restricted funds Unreslricled funds 5,207 110,424 5,207 94,868 Total charity funds 16 115,631 100,075 For the year ending 31 January 2025 the charity was entitled lo exemption from audit under section 477 01 the Companies Act 2006 relating lo small companies. Directors, responsibilities.. The members have not required the company lo obtain an audit ol ils financial slalemenls lor the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements ol the Act with respect to accounting records and the preparation ol financial stalemenls. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. These financial statements were approved by the board ol trustees and authorised lor issue on 25 November 2025, and are signed on behalf ol the board by.. Barminka Trustee Th• notes on pagas 8 to 15 form part of thasè flnanclal statomènts. Lending Hope Limited Company Limited by Guarantee Stalement ol Cash Flows Year ended 31 January 2025 2025 2024 Cash flows from operating activities Nel income 15,556 11,337 Adjustments for.. Interest payable and similar charges Loss on disposal ol heritage assets Accrued income 128 1,722 3,040 11,9201 Changes in.. Trade and other creditors 116,7741 13,0101 144,1641 128,0651 Cash generated from operations Interest paid Nel cash used in operating activities 11281 13,1381 11,7221 129,7871 Cash flows from investing activities Proceeds from sale ol tangible assets Proceeds from sale of heritage assets Nel cash from investing activities 21,040 13,0401 18,000 Net decrease in cash and cash equivalents Cash and cash equivalents at beginning ot year Cash and cash equivalents at end of year 13,1381 21,213 111,7871 33,000 18,075 21,213 Th• notes on pagas 8 to 15 form part of thasè flnanclal statomènts. Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2025 General information The charity is a public benefit enlily and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address ol the registered office is 67 Forburg Road, London, N16 6HR, England. Statement of ¢ompllan¢e These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcles Basis of preparation The financial statements have been prepared on the hislori¢al ¢osl basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at lair value through in¢ome or expenditure. The financial statements are prepared in sterling, which is the functional currency of the enlrfty. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation ol the financial slalemenls requires management lo make judgements. eslimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, including expectations of lulure events that are believed lo be reasonable under the circumstances. Fund a¢¢ounting Unreslricled funds are available lor use at the discretion ol the trustees lo further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the Iruslees lor particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 ¢ounting policies (¢onllnued) In¢omlng resour¢e$ All incoming resources are included in the statement ol financial activities when entillemenl has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories ol income- income from donations or grants is recognised when there is evidence of enlitlemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the lair value of the goods Ljnless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution ol general volunteers. income from contracts lor the supply ol services is recognised with the delivery ol the contracted service. This is classified as unreslricled funds unless there is a contractual requirement lor il lo be spent on a particular purpose and returned il unspent, in which case il may be regarded as reslricled. Resour¢e$ expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the slalement of financial activities lo which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities inclLJde8 all costs incurred by a charity in undertaking activities that further ils charitablè aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to eharilable activities. other expenditure includes all expenditure that is neither related to raising funds lor the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use ol the resource. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble a$sets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 ¢ounting policies (¢onllnued) Tanglble a$setS {¢ontln4ted? An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge lor impairment that has previously been recognised as expenditure within the slalemenl ol financial aclivilies. A decrease in the carrying amount of an asset as a result ol revaluation, is recognised in other recognised gains and losses, except to which it ollsels any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as lo write olf the cost or valuation ol an asset, less ils residual value, over the useful economic life ol that asset as follows.. Molor Vehicles 20 /¢ Straight line Impairment of fixed assets A review lor indicators of impairment is carried out al each reporting dale. with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recovèrable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor tx)sgible reversal at each reporting date. For the purposes of impairment testing, when il is not possible lo estimate the recoverable amount ol an individual asset, an estimate is made ol the recoverable amount ol the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each ol the cash-generaling units that are expected to benefit from the synergies ol the combination, irrespective ol whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the conlraclual provisions ol the inslrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cosl. 10 Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 ¢ounting policies (¢onllnued) Flnan¢lal Instruments {¢ontlnued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in lair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial inslrumenls, including derivatives, are initially recognised al lair value, unless payment lor an asset is deferred beyond normal business terms or financed at a rale ol interest that is not a market rate, in which case the asset is measured al the present value ol the future payments discounted at a market rale ol interest lor a similar debi inslrumenl. Other financial instruments are subsequently measured at lair value, with any changes recognised in the statement of financial aclivilies, with the exception ol hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence ol impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless ol significance, and other financial assets that are individually significant, these are assessed individually lor impairment. Other financial assels are either assessed individually or grouped on the basis ol similar credit risk characteristics. Any reversals ol impairment are recogni8ed immediately, lo the extent that the reversal does not result in a carrying amount ol thè financial asset that exceèds what the carrying amount would have been had the impairment not previously been reeognised. Limited by guarantee Lending Hope Limited is a company limited by guarantee and accordingly does not have a share capital. Every member ol the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets ol the charitable company in the event of il being wound up while he or she is a member. or within one year aller he or she ceases to be a member. Donations and legacies Unrestricted Funds Restricted Totsl Funds Funds 2025 Donatlons Donations 109,929 109,929 11 Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 Donations and legacies (¢onUnued) Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations 391,327 5,207 396,535 Other income Unrestricted Total Funds Unrestricted Tolal Funds Funds 2025 Funds 2024 Other income 20,884 20,884 Expenditure on charitable activities by fund type Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Charitable activities Support costs 92,693 1,680 92,693 1,680 402,572 3,509 402,572 3,510 94,373 94,373 406,081 406,082 Expendlture on charltable actlvltles by a¢tlvlty type Activities undertaken directly Support costs Totsl funds 2025 Total fund 2024 Charitable activities Governan￿ costs 92,693 92,693 1,680 402,572 3,510 1,680 92,693 1,680 94,373 406,082 Net income Nel income is stated aller chargingllcreditingl.. 2025 2024 Loss on disposal ol heritage assets 3,040 10. Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination ol the financial statements 1,680 1,800 12 Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 11. Staff costs The total stall costs and employee benefits for the reporting period are analysed as follows- 2025 2024 Wages and salaries 36,886 The average head count ol employees during the year was Nil12024'. 91. The average number of full-lime equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Administrative slaff No employee received employee benefits of more than £60,000 during the year12024.. Nill. 12. Trustee remuneration and expenses There were no Iruslees. remuneration or other benefits for the year ended 31 January 2025. There were no Iruslees. expenses paid lor the year ended 31 January 2025. 13. Tangible tixed assets Motor vehicles Cost At 1 February 2024 and 31 January 2025 DeP￿ClatIon At 1 February 2024 and 31 January 2025 Carrying amount At 31 January 2025 Al 31 January 2024 173,400 7,266 166,134 166,134 14. Credltors: amounts falllng due wlthln one year 2025 2024 Accruals and deferred income Other creditors 1,680 17,731 19,411 3,600 34,505 38,105 13 Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 15. C￿dItorS. amounts falling due after more than one year 2025 2024 Bank loans and overdrafts 49,167 49,167 16. Analysis of charitable funds Unrestricted funds Al 1 February 20 24 At 31 January 2 025 Income Expenditure General ILJnds 94,868 109,929 194,3731 110,424 Al 1 February 20 23 Al 31 January 20 24 Income Expenditure General funds 88,738 412,211 1406,0811 94,868 Restricted funds Al 1 February 20 24 At 31 January 2 025 Income Expenditure Restricted Fund 1 5,207 5,207 Al 1 February 20 23 Al 31 January 20 24 Income Expenditure Restricted Fund 1 5,207 5,207 14 Lending Hope Limited Company Limited by Guarantee Notes to the Financial Statements (¢t)ntlnued? Year ended 31 January 2025 17. Analysis of net assets between funds Unreslricled Funds Reslricled Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 166,134 12,868 119,4111 149,1671 110,424 166,134 18,075 119,4111 149,1671 115,631 5,207 5,207 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 166,134 16,006 138,1051 149,1671 94,868 166,134 21,213 138,1051 149,1671 100,075 5,207 5,207 18. Analysis of changes in net debt At Al 1 Feb 2024 Cash flows 31 Jan 2025 Cash at bank and in hand Debt due aller one year 21,213 149,1671 127,9541 13,1381 18,075 149,1671 131,0921 13,1381 15