Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 Charity r•gistration numb•r 1183264 (England and Wal•$l HOUNSLOW'S PROMISE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Malhotra (Chairl A D Fiaser {We Chairl- retired on 3110112025 S Devarashety (Treasurer) A Rides J FTOSt CBE Charlty numbgr 1183264 Prlnelpal addr•s$ Cranford Communty College High Slreet Hounslow TW5 9PD Ind•p•ndènt •xamln•r Indra Gin Makesworth Audrt Seryices Limrted Unrt 101. First Floor Ceryante5 House 9 Headstone Road HawTOW HA1 IPD
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE CONTENTS Pag• Trustees, report Independent examinerfs report Statement of financial acb'viti'es 818nce sheet Nol¥s to th¥ fin8n¢ial $18lemenl$ 10- 15
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial ststements have been prepared in accordance vAth the 8ccounb.ng poliryes sel out in note 1 to the financial statements and cornply with the Chari5 goveming document, the CharTties Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ifeland" and the Charities SORP "Pttounting and Reporting by Chanties. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021..
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activities Summary ol the purposes of the charlty To advance in life and help young people in Hounslow for public benefft by providing inforrnation, advice and as51Stance. programmes. actwitie5 and other 511PPOrt to develop.. 81 their skills, capacitiès and eapabilitiès to èn8L4è thèm to parlicipaté in soaèty as indepèndent, mature and responsible individuals-, Ibl their education to prepa Ihem for entry io any occupaiion. trade or profession on leaving ary educational establishment.. 1¢) their physical and rnenlal Welbeing.. and, Idl their civic responsibilty and volunteerin9. To develop the capaaty and skills for public benefft of the diverse members of the communrties of Hounslow. particularly those communities which are under•rivileged. in such a w8y that they are better able to identify, and help meet, their needs and 10 parI.pate more in 8otyety. Maln aetlvltl88 The main initialNes for Hounslow's Promise for this year induded delivering our.. 1. Conne¢t*d Futures- Young Leaders Programme 2. Skills for Suc¢e$s Programmes 3. The Hounslow Christmas Proj¢¢t 4. Safe Place to Study Programmes S. Masterclasses 1.The Connected Future Young L6ad8rs Programmè méèts all four of the charity's purposès. Thi$ progfamms targèted young P8opI8 agèd 16 to 17 based at schools in the London Borough of Hounslow. The programme began in November 2023 and run through to June 2024, wth partjcipation from 10 students across two schools. Vve successfully launched the next cohort of Connected Futu$.. Young Leaders programme in November 2024 for 7 young people. The tailored programme induded ernployabilty and lrfe skills workshops. a menloring programme. and masterclasses. The activities undertaken in the year included recrurtmenl a¢bvitie5 and application process lor community rnenlors designing materials m8tching rnenlors and menlees. developing masterda5se5 and developing bespoke training interv8ntlgns by our inhouse team. 2. The Skllls for Success Programme The Skills for Success Programme was designed and delNered to 22 young people aged beeen 16 and 24 who wanted to improve their chances of gaining meaninglvl employment. The Skills lor Success programme covered 3 topics across 4 workshops and ran from 17 February 2024- 22 February 2024. The programme included workshops on communications skills, Mindset & Motivation, job search techniques, CV writing and interview skills at an accessible location. During these workshops. young people had the opportunity to put their knowledge in practice suth as drafting a CV. mock interyiew5 and presenting on a topic of their choice. It is designed to support individuals facing unemployment or barriers to work by equipping them with the confidence and mindset needed to succeed in today's job market. The Programme is delNered in an encouraging. sUPPOrtive environment that focuses on empowering young people to recognise their strengths. set re81istic goa& and take m8aningful steps towards sustainable employment.
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3. The Hounslow Chrisknas Project The Hounslow Christm8s Project has worked through busine55es. individual donations. Hounslow Educ8tion Partnership and Reach Foundation in Femham to lundraise lo WTaP and delivei gifts from the community to children from disadvantaged backgrounds. Volunteers were involved in running the project which saw over 2500 gifts delivered for children to 40 schools acfOSS ihe Hounslow. 4. The Safe Place to Study Programme ISPSPI The Safe Place lo Study Pro9ramme ISPSPI w85 a pilot initiats've that ran from the 30th April 2024 to 29th May 2024 for year 11,12 and 13 students at a sd)ool in the Borough ol Hounslow. Many of the young people we support live in crowded homes, share bedrooms or may even lack intemel connection. Our sale spaces to study programme was introduced to remove these barriers so sludents can focus on leaming wrthout disrupts)n. Thè aim of this programme is to provide a safe place for youn9 ppIe lo $tut1y with the l¥amlng rg$our¢e$ to improve their chances of achieving better fesums in Iheir exams. 5. Ma8t•rela88•8 Masterdasses were deliVed al the Okl Bailey and Hovse of Parfiament lo students from years 11 to 13 in schools across the borough. There were 22 students from S schools across Hounslow who participated at the Ohl Bailey Masterda5S Wrth Old Bailey Judge Anuja Dhir. At the Parfiament Masterclass, we were joined by 40 sludents from five schools across the borough of Houn510w. These events gave beneficiaries an insight inlo how these inslilulions work and the opportunity to discover the different Caer opportunities available. Young people were given the opportunty to netsvork with voU$ professionals as part of the Maslerclass. 6. End Chlld Poverty Co8lltlon and Oth•r P8rtn•rn ounslow's Promise has worked alongside the End Child Povety Coalilion and other partners throughout the year, 10 18¢kle th& root causes of poverty and inequalty affeIng ¢hildren and young people in th& UK. Through this partnèrship, we advocatè lor fairer policiès, raise awareness ol the impact of poverty tsn eduealion and lifè ch8nce$, and amplify the voices of families in our communty. By combinin9 local actson wrth natK)no1 campaigning, we hav& aimed to ensure that every child in Hounslow can thrive. regar¢Jless of their background. Public benefit All trustees havè rèa¢J and understood the guidance issued by the Charty Commission on public benefit and hav6 regard to public beneffit guides P81, P82 and PB3 when making deasions they are rek¥ant to. Volunteers Contribution made by volunteers We have been supported by volunteers wth relevant experience Ihrough every slage of our work. Over 15 mentors were recrurted and trained dvring Ihis period. Discussion and proposal to set-up Teachers Advisory Board. We pl8n the establishment of a Youth Advisory Board.
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomance Significant activities and achievements againsl objectives Main a¢hiev?ments of the charity The main achievements lor Hounslow's Promise over the year was the roll out ol our programmes which led us to engage with 213 young people and 15 mentors. The charity also engaged wth more schools. community groups and national organisations. 11 The feedb8ck from the beneficiarie5 on the Connected Futures students fell.. Young Leaders programme showed th8t Better prepared to make career l education choices. Their semosleem and confidence had improved. Felt more confident in participating an(J leading teams Better prepared lo deliver presentations and sit interviews. They had developed their lrfe skills and fell better prepared for life after school I college. 21 Th& Skills for SU5$ Programm& wa$ dgli¥&red lo 6 cohort$ ov&r three days to 28 benefiaarfes. Th& foedba¢k from studénts was very positivè. F¥edback showèd.. Students were confidenl in vmting Cvs. and cover lelters Gained skills in structuring and answering o)mpetenr&based question Iwritten and orall. Felt more confident and prepared to sit job interviews. They improved their job search techniques. 31Th& Hounslow Chri$lm88 Project with support from Hounskiw's Pfomise saw over 25 gifts for children from poorèr famlll8s In 40 schools auoss the borough wrth heartf•K thanks r8c•ivèd from schools and young peoplè alike. 41 The Safe Places to Sbjdy Programm8 {SPSPI was lOted at a secondary school in Hounslow. Over Ihe 14 sessions held on Tuesday. Wednesday and Thursday a totsl 01126 attended, averaging 9 each day. Duriig the 4 Saturday session5 the turnout was rnuch higher tolalling 104 slvdenls attending. averaging 26 per day. SPSP had signifioanl posilive impacl on sludents. ability lo concentrate and revise effectivety. Students retM)rted improved focu¥ and produ¢livty with an overall 92% of students rating Ihe ptOgramTh* 5atssf8¢tJon as excellent Sl The Masterdass al The Old Bailey Maslerdass.. Provided insighl into the juslirE system, induding courtroom proceedings and roles %4thhin Ihe judiciary. 22 benefiriawies from 5 schools attended. The Masterdass gave students a firsthand undeTslanding of the justice system. its workings. and career opportunities within the legal field. Through observation of courtroom proceedings and direct engagement with a sitting judge. students were exposed to the roles. responsibilibes. and thallenges tsd by professionals in the judicial system. Some feedback from student5 who altended the Masterdass included.. The live courtroom se10n8 were fascinaliiWIRey prowded 1 in8Aght into how the justice systenl funGtJons. HeaiFng the ju(Iges cafy6rjoumey duiing the Q&A was hwltrtymottvèts.ng èndprèeticèl for my aspirations. LeèmNng how all the drfletsntfteS in the covrtnx)m collabotste to Iyeliverjustice was veryinfonnatNve.
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Houses of Partiamenl Masterdass.. Offered an immersive exploraknon of padiamentary operations, leadership. and govemment. 40 beneficiaries from 5 schools attended. The Houses of Partiamenl rnaslerclass provided students with the opportunity to leam about the various roles and responsibilities within the parfiamentary system. The event also emphasised the importance of communication. collaboration. and le8der5hip in politics. showcasing how societsl issues are addre$5ed and policies are cleated. student5 The M8sterrJa5s offefed transfr)rmative leaming experiences. achieving ts objectives of educating 8nd inspiring students about potential career palhways in law and polit. Somè fèÈdbad( Irom the studènts who attended Ihè Masterdas$ indude.. .1 found il useful lo leam about the day lo day offpartiament and the experi8nc8s of being 8n MP.. 'The Tourprovided an 8xc8llent inswhl inlo the dynamic nalure ofdaityoperats'ons in the House of Commons.. 'H8ving different Opportunities and finthng Inf0m?a1 and details nol easily available.. Flnanclal revlew R•vl•w of th• eharlty's financlal poswon The finances continue to be on a firmer position as demonstrated by increased business engagements and our programme activities. Going concem The Trustees have no concems about the charity fA)ntinuing as a going fA)nr. ReseThes policy Reserves are held for the following reasons continuity of business and support lor medium and long tem development plans. The Trustees. currenl policy is to hold three months running costs as a minimum reserve so as to be able to respond to changes in circumslances and adapt as needed. This policy is also kept under annual review with advice as lo whether lo increase Teseryes from the three month fflinimum as our activity increases. Amount of rès•rv•• h•ld At the balance sheet date, the tharty held free reserves of £28.SS3. Prlnclpal lundlng sources Individual and business donations through the Patrons and Felh)ws schemes. Bid writing to grant giving bodies induding local auihority Govemment deparlments, trusts and grants. Majorrisks Prlnclpal rlsks faclng the charfty Increasing the re¢ruitrnenl and training of volunleers and menlors to keep up with the increased rdl out of programme5. Ability to connect and engage with schools to reach students due to n$traine(l resources of school. As a resutt, we are looking at different routes of rnrtigaling this. by looking at dffterenl way of delivering programme5 delivering such a5 delering them at weekends in the cornrnunrty. Sustaining corporate fundraising Ihrough challenging economic circumslances. To address this risk. we are re8ching out to a wder r8nge of businesses induding through invibng to events and through information evenings.
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The charty is a charitable incorporated organisab.on (CIO) as set out in rts consb"tub"on dated 3 May 2019. The trustees who served during the year and up to the date of signabjre of the finanual statements were.. S M81holi S Devarashetty A Ridès J Frost A Fraser (Retired 31 January 20251 Recruitment and appointment ollrustees Trustees are recrulted from tAe local communty or mr¢ where they bring ext&mal experlenc4 and expertlsè in areas relevant lo the charity objects. In 8electing indNiduals for appoinlment as charity trustees. they musl have gard to the job descripts'on which includes skills, knowledge and experience needed forthe effective administration of Ihe CIO. Org8ni$8lion81 $tru¢lure We work closely wlh the London Borough of Hounslow. the West London Chamber ol Commerce, the Hounslow Education Partnership and wrth local business. community groups and and charitsble organisations. We have also been a part of the national Youth Employmenl Group wrth other ¢harities working with young people. Relationship with r6lat6d parties We have develo links with the End Chlld Povety Coalition and Youih EMoYMnI Group. The Iru$lees' report was gpproved by thè Board of Tru$t¥e$. S Devarashetty Tru8te• 10 January 2026
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOUNSLOWS PROMISE I report to the trustees on my examination of the finanoal statements of Hounslows Promise Ithe chartyl for the year ended 31 March 2025. Responsibilitl8s and basis ol report As the trustees of the charty you are responsible for ihe preparation of the financjal statements in ac£ordance with the requirements of the Charffies Act 2011. I report in respect of my ex8minab.on of the charity's financi81 staleThnts c8rried out under section 145 of the Chaiities Act 2011. In CaIng out my examination I have followed thè Directions given by the Charity Commission under section 14515llbl ol the Charitses Act 2011. Independent examine8 Statement Your attention is drawn tts thè fact that the ¢haity ha$ ppa lh& finanoal stslem&nl$ in a¢¢ordan¢& wth the relevant version of the Statement ol Recommended Pract applicable to charities preparing their finanaal statements in accordance wlh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charilies.. Statement of Recommended Practice issued on 1 April 2005 which is ferred to in the extant gUlationS but has now been withdrawn. l understand that this has been done in order for the financial statements lo provide a true and fair view in accordance with UK Generally Accepted Attounting Pr8di¢tr. I have completed my examination. I confirm that no matters have ¢om to my att&ntlon In ConnecOn wlth thè examination giving me cause to believe thal in any malerial respect.. accounting records were not kept in respect ol the chaty as required by section 130 of the Ch8rrtie$ Act 2011. the financial statements do not accord wrth Ihose records.. or the fin8naal $18ltsmenl$ do not compty wlh the applicable r•quir¢ments ¢on¢&ming the lom and ¢onlenl of rin8nci81 statemènts set out in thè Charitis (Accounts and Reportsl Regulations 2008 olhei than any requirement that the financial statements give a true and lair ¥w. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter8 in connection wth ihe examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. DoGuSn•dty. 'ri 5N31FAEQBBYDI. Indra Glrl Ind•p•ndènt Ex#min8r Makesworth Audit Service5 Limited Unit 101, First Floor Cervantes House &9 Headstone Road Harrow HA1 1PD Dated.. 10 January 2026
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 untricted funds 2025 Unrestricted funds 2024 Notes Income from: Donations and legacies 56,232 73,301 Total Income 56,232 73,301 Expendlture on.. Charitable activities 47,851 70,474 Total expendltur• 47,851 70,474 Net Income and movement In lund• 8,381 2,827 Reconclllatlon ol funds: Fund balances at 1 April 2024 20,172 17,34S Fund balance8 at 31 March 2025 28,553 20,172 The statement ol financial activrties includes al gains and losses reco9nised In ihe y6ar. All Income and expendlture derive frorn continuing activities.
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notès Current assets Deblois Cash at bank and in hand 10 2.641 30.884 7.034 24.645 33.525 31.879 Cr•dltors'. amounts falllng du• vAthln one year 11 {4.972} 111,5071 Net current assets 28.553 20,172 The lunds of the charSty Unrestri¢led funds 12 28.553 20,172 28,553 20,172 The financial 8tslemenls were approved by the Iruslees M 10 January 2026 S Devarashetty Tru•ts•
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity inforrnation Hounslow's Promise is a charrtable incorporated organisal¥)n whose prinupal address is Cranford Community College. High Street. Hounslow. TWS 9PD. 1.1 8asiB of preparation The financial statements have been prepared in accordance wth ihe charity's governing document, the Charities Act 2011. FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounling and Reporbng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in the UK and Repubhc ol Ireland {FRS 1021" The thaiity is a Public 8enefit Entity 85 defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP lor charities not to prepare a statent of cash flows. The financial statements h8ve departed Irom the Charities IAccounts and Reports) Regulations 2(8 onty lo the exlenl required lo provide 8 true and fair view. This departure has invofved following the Slalemenl of Rècommended Practic6 lor chantS apptying FRS 102 rather than the version ol thè Statement ol Recommended Practice which 1$ refe(red to in the Regulabons but which has $ln¢e been wlthdrawn. The financial statements are prepa in steding, which is the funCtn81 currenry of the charity. Monetary arnounts in these financjal statements are rounded to the nea81 £. The financial ststements have been prepared under the historical cost convenb'on. Imodified to include the r¥valu8lion ol Imhold properti&$ and lo indude inveslment properties artd ¢&rtain financial instwmenls al fair valuel. The prin¢ipal a¢¢ounbn9 policie$ adopl¢d are oul below. 1.2 Golng conc•m Al the time ol approving the fin8n¢ial $18iements. the tru$tee$ h8¥& a re8$on8ble expec¢8lion th81 th& charity has adequatè resources lo ¢onlinu$ in operational existence for thè fore$èeablè future. Thu$ th& Iwst$&$ continuè to adopt the 90ing concem basis ol accountin9 in preparing the finanaal statèments. 1.3 Chpdtable funds Unrestricted funds are available for use al the discreiion ol the trustees in furtherance of their charitable objectives. Restricted funds are subject to speufic condrtions by donors or grantors as to how they may be used. The purposes and uses ol the restricted lunds are set out in the notes to the finanaal statements. Endowment funds are subject to specik conditions by donors that the capital must be maintained by the charity. 1.4 Incomè Income is COgnised when the charity is legalty enlitled to it after any perfomiance condilions have been rnet. thè arnount5 can rneasured reliabty, and tt 15 probable that income will be rec8ivÈd. Cash donations are recognised on receipt. Other donations are recognised once the charity has been noty'fied of the donation. unless perfOance conditions require deferral of the amount. Income tax recoverable in relation to donations receNed under 01 deeds of covenant is iecognised 8t the tirne of the donation. Lega¢ie5 8re recognised on receipt or OtheSe rf the tharity has been notified of an impending dtributiOn. the arnount is known. and receipl is expected. If the amounl is not known. Ihe leg8Cy IS tre8ted a5 8 contin9ent a55et. 10-
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢coun¢ing policies (Continuedl 1.5 Expendlture Expenditure is rewgnised once there is a legal or construdive obligation to transfer eoonornic benefit lo a third party, it 15 probabl8 that a transfer of ewnomiG benefits will be required in settlernent, and the arnount of the obligation can be measured reliably. Expenditu is classified ty aclivty. The costs of each aclwity a made up of the total of dIrt costs and shad costs. induding support costs invofved in undertaking each activity. Direct costs attributable to a single activity 8re allocated directy to that activty. Sh8red c05t5 whth contsibute lo rnore than one activity 8nd support Costs which arè ntst attributable to a single activty are apptsrtioned between those activrt*s on a basis consistent with the use ol resources. Central staff costs are allo¢aled on the basis of lime spent, and depreciation charges are allocated on the portion of the assèfs use. 1.6 Co$h and ¢a$h squlval•nts Cash and cash equivalents indude cash in hand. deposils held al call with banks, other short-terrn liquid investrnents vthh original maturities of three monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabilrties. 1.7 Flnan¢lal In•trum•nts The charity has elected to apply the provisions ol Section 11 'Basic FinJnrAal Instruments, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of it5 finanri81 instrumenls. Flnancial instruments ar¢ re¢ognis&d in the ¢hanty's balance sheet when lh& ¢hathy bMe$ patty lo th& ¢ontractual provisions of the instrument. Financial assets and liabilit$ are offset. wilh the net amounts pSented in the financial statemenls, when there is a legally enforceable right to set off Ihe recognised amounts and there is an intention to settle on a net b8515 or to reali5e Ihe asset and 5elUe Ihe liability simullaneou5ty. B•$l¢ finan¢lal o$sets Basic finanrial assets. whth indude deblors and cash and bank balance6, are inilially measured at tr8nsaclion price induding transaction costs and are subsequentty carried al amorts'sed cost Using the effective interest method unless the arran9emenl con51ilules 8 ffinancin9 tr8ns8clion. where the Ir8ns8clion is measured at the present value ol the lulure receipts discountèd at a market ratè of interest. Fin8naal assèts classified as receivable thin one yeai ale not amortisèd. Baslc financial liabillties 8asic financial liabilities, irndudin9 cr6ditors and bank loans ar8 initsalty rècognised at tr8ns8dion price unless the arrangement constrtutes a financjng transaction. vthere the debt Instrument is measured at the present value of the future payments discounted al a market rate of inteiest. Finanoal liabilths classified as payable wrthin one year are not amortised. Debt instruments are svbsequentty carried at amortised cosl. using the effective Inte$t rate method. Trade ¢redit(Irs are obligations to pay for good$ or $wvi¢es that havè bèen acquired in the ordinary couise of operations from suppliers. Amounts payable are classthed as current liabilities rf payment is due wrthin one year or less. If not, they are presente¢J as non-current liabilib"es. Trade creditors are recognised initially at transactH)n price and subsequentty measured at amortised cost using the effeciNe interest Method. Derecognition of financial liabilities Financial liabilrties are derecognised vthen Ihe charity's contractual obligations expire or are discharged or cancelled. 11
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢coun¢ing policies (Continuedl 1.8 Employee beneffts The cost of any unused holiday entNlement is recognised in the period in vthich the employee'5 servws are received. Termination beneffts are recognised immediatety as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide lemiinalion benefits. Critical accounting e¥timates and judgements In the 8pplic8lion of the charity's 8ccounlin9 policie5. the Iruslees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other sources. The estimates and assouated assumptions are based on historical experience and other faCtS that are considered lo be relevant. Actual resutts may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing b8515. Revisions lo accounting estimates are recognised in the period in which the estimale is revised where the revision affects ¢lY that period, or in the period ol the vIsion and future penods wheo the revision affects txjth current and futur& periods. Incom• from donatlon8 and l•gael•8 Unreotrfcted fund• 2025 Unr8Btrlcted fund8 2024 Donations and grfts 56,232 73,301 Charltable actlvltle8 Unrestrlcted Unregtrlcted funds fund8 2025 2024 Staff eosts Laptops donated Computer and software Sundry eKpen5es 42,486 36,195 16.451 499 8.700 2.147 44.633 61,845 Share of support costs Isee note 51 Share of governance costs (see note 51 2.985 233 3.952 4,677 47.851 70.474 12-
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Govemance costs costs 2025 Support Governance costs costs 2024 Payroll administratson Printing and stationery Insurance Stsff training 3.952 3,952 2.020 565 400 2.020 565 Independent examination fee Legal and professional Accountan 53 3,287 40 1,350 3,287 40 1,350 180 2.985 233 3.218 3.952 4,677 8,629 N•t mov•meni In fund$ 2025 2024 The nel movement in funds is slalet1 aft&r ¢har9ingllrth1itin91: Fees payable for th8 indap8nd8nl examination of lh• charivs finandal staternenls 53 3,287 Tru8t••8 None of the trustees lor any persons CneCted them) received any muneratIon or benefits from the charity during Ihe year. Employ¢•$ Th8 avèra9è monthty number ol èmployees during the year was: 2025 Numbèr 2024 Numbèr Employment eosts 2025 2024 Wages and salaries Other pension costs 41,505 35,356 839 42.486 36,195 There were no employees whose annual rernuneralion was more than £60.1)00. 13-
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Taxation The chanty is exempt from tsxation on its activibes bause all rts income is appld for charitsble purposes. 10 Dèbtorn 2025 2024 Amounts lalllng du• wlthln on• yèar: Other debtors 2,641 7,034 11 Cr•dltor8'. amounts lalllng du• wlthln on• yèar 2025 2024 Other tsxation and social security Othèr credrtors Accruals and deferred income 191 2,000 2.781 178 6,805 4.524 4,972 11,507 12 Unreotrlcted fundo The unstriCted funds 01 the ¢harity ¢ompris& the Untrne b•l•n¢ss of donation$ and grants which ¥r• not subj6ct lo specific conditions by donors and 9rantofs as to how thèy may bè us$d. Thèse includè designated funds which have been set asK1e out 91 unrestricled funds by the trustees for sp¢¢ifi¢ purpose$. At 1 Aprll 2024 Incomlng resource8 Resources At 31 March expended 2025 General funds 20.172 56,232 147,8511 28,553 Prèvious yèar: At 1 April 2023 Ineoming resources R••ourc•• At 31 March expended 2024 General funds 17.345 73.301 170.4741 20,172 13 Analysls of nèt ass•ts betw••n funds Unrestricted funds 2025 At 31 March 202S'. Current assetsllliabiltties) 28,553 28,553 14-
Docusign Envelope ID." ED2999CC-5E774110-9AF8-AECDgC222767 HOUNSLOW'S PROMISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analy¥i¥ of net assets betwegn funds (Continuedl Unrestrlcted fund$ 2024 At 31 March 2024.. Current assetsllliabilitiesl 20,172 20,172 Unre8trScted fund8 The unreslrided funds of the tharrty comprise the unexpended balances of donations and gr8nl$ which are not subject to specific condibons by donors and 9rantors as to how they may be used. These Indude designated funds which have been set aside out ol unrestricted funds by Ihe trustees for specific purposes. 14 R•loi¢d porty tron8•¢llon• There were no disdosable related party transactions during the year12024- none). 15-