Charity regi¥tr4tign Thnber 1183771 IEngland and Wal0$1 HOPESPRING ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
HOPESPRING LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms Lobs &)tt ChikeJe Ok Myra Herbwt Dr Durwrf 8isset Charity regl8tratlon 1183771 Prlncipal address 10 Sea Ro•d $1 SUN1erTr TY SR2 9HA Auditor Robson Lad1erA(Uwll5 Limited Fernwl House Femwttsy Road JeSmol N**castk upon Tyne Tyne and England NE2 1TJ Banker% Ljoyds Bank 5¢ Fawcett Slr8at Sunderland Tyne aj SR1 1SF
HOPESPRING CONTENTS Trustees. report Independent auditorfs rewt Statement OffaOI adiwl 9-10 B&L8nce sheet Statemgnt of cash flrA¥s 12 Notes to the ffftènual Statet$ 13-22
HOPESPRING TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trusteès present their annual rewjrt afKI fin¢1 stalemerts ts the year end 31 August 2025. The fingncial stslemenls have Kwa11 ¥th the arUnb.ng 018$ Set out bn note 1 to t fiala1 statements and corrply ¥nlh ltr£ charills governg dwjment, the Charities Acl 2011 and "AcGIKJnling and RepKrtirg by charitS.. Statement ol ReCommervj Pradice aFW'catAe lo charilies weparing Ih&r a¢eounis in accordance th Ihe Finanoal ReFrt)rtiftg Standard UK and Republc of Irdand IFRS 1021. leffective 1 Jary 2019)_ Objectlvets and a¢tivslles 1411sglon StatÈment Hopespring work5 Ihrough)ut Tyne aTrJ Wear seeking to 5e¥ve th¢ various e(bxational. physral and rnenlal he8tth rdS ol the Ycng and f•nilies in our reg. Wth a .ghty c(Mnmitted tewn of trained stall and lull-tiff volunteèrs, wè rmmle Sup[ G4re lor somo of th8 mst vutrwabk peopk in society thQh ow peop based interventions. Princlpal Oble¢ts The principal 0.eCtS of the charrty •re as lollm.. 1. For the psNic bonefft. Ihe provisim of educatw)n in p¥lar. but not exdu&vdy. by provKling SGIKK>Is children aged 11 to 16 who in partKular. but not exdusNety lor tho¥e e dewned to be vulnerable and emotionallyl behaviourly comp. who are at risk ol. or have afèady n. exduded from school or from altemative provisions in the North Easl of EroLaThJ and sh ots pwts ol the Unrted Kinydom as the truslee5 May from time to time think frt. 2. For the publc benefrt. the prevention an01 relef of peo WIKJ S In w)drtk)ns of need. hardship oi dtstress In Uniled KgdoM by kvovmjg in pw11181 bul noi èxckJsNefy, svppjrted accomrTh)dation vansitminal suPpcl tor mdNiduals l&ivry Ihe care of Ihe I1 aurty. In fulfblment of th8 prfnclpal obts thè following activiti•B ar• dOrtakÈn. 1 Therapeutic schods lor the nKJsl VLdnerat4e aryj em01K)rlyrtjehaVthrnl comFlÈx young Pa)1 are al risk of, or have al•dY Iwn. Èxcluded from sch or frrAn thw"r allernati¥e pro¥i5ion. 2. Re¥identkel 18mity assessm)I centre for f" ies needirMJ partal cwAy asSesSntS 3. SuFPOrt for we expernced y¢JuTr3 people tranSnry to W¥jekdent Ipling. 4. Christmas gifts for c8re(I for cM(gn in SunderfvJ. 5. EduGats'onal and mental heallh progre$ lor YOU peop and f8mliès.
HOPESPRING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2025 Achlevemen¢8 and perforniance Hopespring Education has continued to de¥eSop and expaThJ its pr(MSh?n, working dosely wr(h Local Authorit3. schools. agencies ar parkner organisations a(yoss th& N(xth East and beyond to meet Ihe ed$ of yLyJng peOe vAth cOmpX and often lTrg5tanthng barr($ io educati. This year. have worked cklsety 1 Local Autkn"ty in preparation lor the opentng of ow second Htspespring Newcastle camws. whth ¢1 lo welcome your4J peor4e duriThJ the 2025-26 academic year Th develoFxnent will iwvease Gapa¢ty rosS ow Ther8t SclKds lo 60 ytyJng peo. en31Th) us to support morè chddren and s)Éopk &rtsas tho iity of Newcas118 aTrJ the regk)n. Ajongside this growth. we havè continued to stiengthen (Mjr outdoKY an(1 fwe5t 1Km)I prov). Th'5 has included workiru wtth local communities tc delop a community aikAmeN. W"Ch young peorAe hdp to creale and shape from the growd up This work bJikls on our coMnMent to PlQVKhry rTarNngful. praclKal and #[apeUtiC arnIng opp(Mtunibes in outdoor a1 natulal TOnts. We Gonlinue lo s¥Jnth(anl and trartsformatNe oulcornes f the yomg people in our care. mY of have 8XrIenCed k)ng-term èxCkn$k from education. swthcant personal •fversity and onpng conwexty in their lives. For I18e your¥J people, ow wovide rrKJre than education akne. they oller a safe. supporiive and therapeullc loundab.on from whih young F)p c8n trfin lo re-engage. heal. gr atKI both aGademKaly and personalty This was refécled in end.of.year and graduatK)n evening. Whe the Mayor of Sunderland attended to congratulate our young people and present their awards Hoposprir#J was honoured to be one of Ihe Mayor s hos¢n chaith'es duriThJ hL% term of office. arKI preser£ recognised both Ihe admevements of our youro people and the inpact of the wt)ViSi(m. Now in 115 Second year ol operation, Rachel Hwse hè$ contYKJ to wryk in pwtnership with Local AUthOre5 and the CoL¥ts across th¥ regth to delivef highqualrty panI assessmenls within our reshIentl family cent. The pmvisKJn offeis a safe and StrLtured envirnI In whth batrj.es devèlcfj and thrive Ihrowjhout the 12-week as8essmenl process, while SUpting parents to establish and stll91hen attachment The seNice has eontinued to deliver sunilicanl outcornes. inclvJ"ng transfomwlive progro5& for many of ow la¥nils. rch CJrin9 the year. H¢espnng was honcJred to be selected as one of the rthosen Chari1$ ol the Mayor ol SundewlarKI, Cllr Ehthesham Haque 8Te grateful for the Mayor's support. induding the rarye of fundraising events k)sted throughout the year in of HopespnTh3'9 wrxk. These (x)ntributions havè hèld sioniftafivy lo lurttEr strengthen the suFyort we are th lo offer lo the th"Idr&), yOLry F¢0¢ and tsrnili¢s we ¥ery8. INe have continued our support lo Sunderlatwj's Next Steps team. PlQVKJing n exGes5 ot 80kg of food and essentrdl items lo assi51 care-experienced young people transitthing into H)depÈndÈni living Don8t)ns induded fresh pro(lJce. heahhy ready meals, C[Vt stspks, try1¢¥ and key househobj items lo help them settle inlo their new m¢s. sderf8nd (Ing to the geneiosity of oui partners. donors, stall and vdunteer5 the annual Christmas appeal suppNted cared- for aLT05S Sdeand wrth over ec(J hvJlFquality gift5. m addition lo dtstribJtin9 more than 250 Christmas hampèrs io famik*s.
HOPESPRING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Flnancial review The year en(Ing 31st of Augu51 2025 mwked the fifih year of ad1Ve3 Undertak wilh the organisatKJnal slrucluie of Hope5pmg The combined adi¥"e$ ol Charity hag resulled in an income of £2.414.764 expendituro of £2.OTT.889 1&3dw to a of £336,875. IrKome ir)to HLpeSng has n.U$ lo iryeasè. pa"CUlartY witti fv yeAf With Rtte1 House teir@ fully e$tabh"shed And th8 irkyease in spaces al ojr s¢3. The total income from Grants and tknati¢4ts (ted lo £10.589 during the year. The yovisKJn of gaTrts and da)nS duriThJ the year has aga SUpted Ihe Chity's stror¥J finanoal kx>$rtion to Carry oul rts ¢rationS and irbv86t in frJturÈ acbviies agaDs1 signrfKwl uncertainties caused by Ihe pandemic At th8 y8ar end Ihe Unrest19 fiJ¥J5 werg £674,681 tt restsKte(I funds we £Nil. Golng Concern The Trnstees are Satisf thal lh8 Charty ts a gOg (k) knu44 of any wrtain$ regarding the or91$all07S ability to Gonknie Lyratw as a 90ing Goncem. Major Rlsks The truslees haye ossessed the majw tisk5 lo whith the charity ts exFowJ. a1 srè sth"sd t systems are in place to mth.gate expowre to the w rtsks. Plan¥ for fLrtwe perio(Is Following conbnu¢d requests io expand ¢Jur ¢ducab"on prowgon. we t¢w4ards estishing new Hope3pring Educa11 e$ in the areas of grèatesl need Tyre & Weaf. Resgrv• Pollcy The Ttustees and Manayement Team have de¥dod the reserve3 lcY to ass1 n strategic p18nning anoj considering how new proiecls ry a¢tivAI'es be fvnded This k8 used when ieviewing the finanual year and to it)lorm the budgei O¢eSS in CongderKl of balae IMthJets cx rf r8ser¥85 need io be drawn down or built up. The Charty's rexrve also informs Ihe Ixxlget aTrJ managemenl FyCs by idenbfy'¢ng ary unr1nty fvtuie WlCLyne slreawrLS and forecasting ahe&J lor the forfho)mwvJ fve years. The anrwnl hetsj in reserves ij 3130 monitored by the Trustees and Leaijership Team dLWWYJ Ihe ccJrse ol the y¢ar as part ol the (arrty's bucbjè processes The Truslee5 have adopted a resEYves poly wh.th they eonsKJer appropriat8 to maintain ath'vitiÈs ol the charity in case of unfofeseen C4¢um$tar8 or a diop #i Ing. 1. Tg hold an unrestr"¢ted Iwds balance Ihol has a value of no less than 3 nnthS and no mre than 6 wnDnlhs WMin9 Costs. 2. To desgnale apWOple fLvk1 vaue rTed Charty to meet a of trtUal oblNatK)ns in the èvent it was requirod lo shut ¢S)wn. 3. To invest excess unrèstrIed funds inlo new existing chariiat4e i¥iles to furtheT enhan¢¢ Ihe StCe provision delivered. Use of unfe¥lncted funds is lo carrie(J oKrt C) 8 wlty and ne8ds asse$srnÈnt. 4. Rgstricled furKts lo b6 SFrt in the ihne frame and n the mannw ouilmed by Ihe fvnder cr the donor. FoHowing thè financ401 year li is the Boards irtenthyi to increase ve1 d SelveS in hne wrth the gr¥th and increase in Inco and expelu exp1 in the PfOVN)us yew lli cdèr lo hav8 a sUrtab cotxingency for Y uThfO seen orojmstances
HOPESPRING TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 structure. govwnanc• and managèm•nt Hopfspring is a Chartsbk Incorporaled Organisation. The governance of the Charity 15 OVÈtsèèn by thè trusleès ol whh there must be a minimwn of three nMibers on Ihe board at or lime per ihe ojnstitution. The lo day runniTrJ of the or91$all)n i8 dekgated to Ihe executive m•nt le. Truslee's meelings are hekl fegLAarfy ihrou9t•xrt Ihe y¢ar to gve overs4ght d¥ttl#)n to the Chwity. Under the requirements of the conthtLrtK)n. in aLlrtion io the Sthiutemy rthiers of app(x"nlmeni, a now Trustee may te appointed by a resoluti¢)n ol the Tru8tees passed by a m4'0rity ol the Tiuslees Ihe IiryE beirvJ. Public BenefFt ststement The Trugte6s have referred to the Charity CommissKJn's general guNlarth PLlJic benefft when rewewing I OrgaThsalions &ms and actsvilies. The Tiustees are Satssd Ihai ihe athilies and aims ol the Chanty meet the guidanGe of Pubhc Benefft oull1¢J by the C(xnrTMS5ion The trustees who swve(l ¢Jurig yew and tsp to dale 01sA8bJ ol Ihe finan¢i81 slalwnents were.. Ms Loi5 Gott Or Chikezie Okike Or Myra Herbert Dr Joanne Ounnett Or Rat1 Bisset Statsment of trustees. resw)nglblMUes The Irvslees are responwble lor preparirvJ the Truslees, Retmyt and Ihe finarKwI statetnent5 in W)rdan wrth appliCae law 8TrY United Kirrtjdorn AccwrtirrfJ Standwds (Unrt Gerw8ly At£erAed A¢1111¥j practi). The law ap[AlcAb to tharth.es in England and w@$ fequeg the tmstees to preparo fmanaal stateDnts ts each financial year whLh gve a true and fair ol ihe ste ol affrs of the dwrty and of Ihe ioMing resources appIatn ol [[Ge$ of cknairty f(w thal y In prepafing tse finanual statemeNS. the Iruslees are required to". - select sultae aCCn11ng pclicies atKJ then apply (wslentfy". obseive the inelhods a1 principles in the Charities SORP.. - rnake Jiidgefflonls and estirnales th are rea50natAe and prudent". - State whethef apph"cable toUntsng slandards have teen folk¥&. subpct to any maierial departu9 dis¢k)sed and explained in the an(jaI siatemerts. and prepare Ihe finCial statentS on Ihe goiNJ crAwn b•#is Ltnless it is inapwoFNiate to pSU* Ihat the charity wil continue in operation. The InJstees are respOnSe lor keepw suffwil 8ccounbThJ {ecC that disdose Mth sOnable accuracy al any tlme tr financial po9t1 of Ihe thanty and enable to ensure that the financval slalements comply %th I Charities Aci 2011 Ihe Charity (Acccxtnis and Rewrtsi Regula1$ 2(XJ8 and Ihe provIsnS of the Iru5t deed They are also reskK)nwble ft)r 5afeguatiliw assels ol the £lwity afKI hee kn taking 839ts1¢ ¥i¥ps for prevention and dèlèciion of fraud and irreguLqiJtes.
HOPESPRING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees. Tewrt was ap0j by the Board of Twstee& Ms Lois Gott Trustee Date.. JLlli 20. ?0?6
HOPESPRING INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOPESPRING Opinion We have aLFdited the nCKl stalemerrts of Hopespn"ng {thè 'charityl for the year ended 31 AugLtst 2025 whith comprise the Stateryt ol finCl aciNrties. the balar sheet. Ihe statement of cash flows and rotes to the financial statemenls, Including xcovnb.no txAiues The finanual reporting Iramework thal has been appld in their preparation is apable law and Uniled Krylom A(x(wling Siand¥ds, including Financial Reporting Standard 102 The FIF1&11 Rgpothng St4ndalll awhlcaljle in Ihe UK and Republic of Iland (Uniied Kingdom Generalty Accepted Actt)unb"rtg pra). In our opini. the financial stateMt5. give a true and fair VEW ol the slate ol Ihe affan as at 31 August 2U25 oThJ ol its iicaniNJ resources and applitatth of SourCes. lor the ye8r then ended: have b¢&n w0Y pfepared in accdar iih Unrted Kyyhjm Genefally Accepled Accountin9 Prad1. army have b88n pared in a¢cDrdance wth the ChontsesA¢t 2011. 8asi¥ for opinion Wè condLted ow audit in accordance wrth Intemabonal Standards cm AIng IUKI IISAS IUKII and applub law Ouf rèspms1trflrtS Ihose Sdd5 are lurthw descrthd m the Au£h'tor& SpOn&'1.es (Df thop aiidil ol Ilie fiiioricial slaternenls section ol report. We we ¥Yep8ndent ol the charity in Aydare %%ith thè èlhicAI requirements that are Idevanl lo cw audrt of the finla1 stalwenis in the UK. indudry the FRC'S Ethical Standard, and we h3ve fulfil our other ethK>l res[191.s in aCCordce wilh these iequiietnents We believe ihat the audrt evidence we have ot1alr0 is SUlfne arml approte to a ba¥is for our opinion. Conclusions relats.ng to going coneèm In alling the [Mala1 stalemtsnts, we have c((Vay Ihat trustees, use of gong ¢oftm b8&s 01 accounting in the preparation ol tre finanual ststemenis is 4)prwate. Bas8d on the work we have Irmed. we have not Jdentw #ny matsrial UnrtaIne$ relatng to event$ or 0nditn$ Ihal, 1ndivU1Y Qf collectvely. may cast sunffKant dbI on the charity's ablity to ujnlinue as a going concein lor a peiK)d of al least months frc4n when the finan(ial Statents are authori5¢d frjr issue. Our responsbilrties and the responsibthiies of the trIBle wth respect to conwn are de5cI)ed in the relevant sections of this report. Other information The olhef information e¢)mprises Ihe mfofmatb)n induded in Ihe annual rewt other Ihan the finala1 statements and our audrtorfs Teport tre[e The tfuslees are fesky)nSib lor Ihe other infomiation contained wrthin Ihe annual report. OLsr opinKm cffi the financial siatements does nol cover the other infomaticx) and wè do not Èxpress 8ny ft)mi of assurance r4)ndusion Ihereon. Our respS.11ty Is lo &d the other informathjn aThl. In doing 50, consider whethei the other 1nfoTmali 1$ merwlty KnSIsteI wrth finala1 5tsternents (x kedge obt8ined in the CQUfSe ol the auth"l. or othernise apar$ lo be materially misstaled. If we kyentfy sh material inconsistenc$ r apparent rnal¢wial misstatements. we are requred to delermine whether Ih¢s gves rise lo a matefk?I misslalenwii in the fin8nci41 stalemellls theMsee$. If. based the work we have perfortned. we rI)ndle that there is malerial mis51aternent ol this otheF InfCaI. we are ra(yced to lep Ihai iact. We have nolhing lo repwt in "$ regard. Matters on which wè are requlred to report by exception We have nothing to report In respect of Ihe lotlowry matters in relat to ¥thith the Charrts (Attaunts and Reports) RelatIonS 2W8 requires us to report lo you rf, in w OP19". the inlormalw g¥en in fina81 statements is incon%sleni in any material respeci with the Irusle85' rep)rt." sufficienl acc¢JJnlir¥J records have ry)t ten kept", the financial statements are in a9ment wlh the accc*Miry reo)rds, or we have not receNed all Ihe infcfmation and expknalions we requwe lor ow
HOPESPRING INDEPENDEKf AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPESPRING Rg¥ponsibilities of trLNt••s As explained rnore fulty in the statement of trustees. reswr)sib'lth'es, the tylislees are re$ponsn)le lor Ihe preparation ol the fina1¥ slatemenls IDr bw'ng sa115fwl that they grye 8 true and fair yeW. and fof such internal eonlrol as the Iwslees detemwnè is nécessary to enabk the preparats.on ol fiwcial slatemenls that are free from materia mis51atement, whether due to frwd Of rC. In weparing finCl statements. the 1ruSt are resp¢)nSe lor assessing charity's ability to wnbrNJe as 8 gThr#J concèm. th"s¢losiThJ. as appIe. matters reLaled loi going n¢ern using thè goig CnCr basis ol accwntw unlos$ ihe tswstee8 ini¢nd to cease (werations. or have no Tealistic altem8tive bLrt to do 80 Auditorf8 résponsibiliti•8 for th• #udtt of th• financi 3t¥tments We have been appointed as &Jditc urKler seclKffi 144 of the Charities Ad 2011 and reFQrt in acCordCe with th¢ Act and relevant wuLgtwJns made or hawng effeci there4m(r. Jr objecliiies afe to obtain rea$¢able assurance about the fMwKial statwnwts 8s a are freè from material mi55talement. whelhef due to fraLvJ ty error, and to issue wi audilorfs rert thal incbjdes our opinKIn. ReaSon0e assurance is a h3 level of assuranco bul is nol a guarantee that an audrt conducted in occordan¢e rith ISAS (UK} w41 aayS delecl a materi?1 mstateM when (( ex55ts. mt$81ernents can sE from fraud or erTOT and We cS¥JeTed material rf, uKlidIY or aggregate. they coulcl reasonabty be expected lo IrbfveKe the ec0¢ decisiS of usérs lak8n on the basis ol these financial statements. Irregularilies. induding fraud. 8re inStsn$ ol non-comphancè th l&vs and regulati$ desiyfi prdureS in line wrth our resPsIbIlities. ouuined abe. io delecl matenal rn1351atements in resrt of irregularibes. induding fraud. The extent to wce(knre5 are (apabbe of dele¢b"NJ I(fearit$, Ij"n9 fraud. is detailed bel¢Jw". The risk ol material misstatemeni dl to error or frJd has been a55essed in coniunth.on with how Intèrnal ntrOl$ may mrtigale any such risk. These CtrCAS are iwewed a$ part ofthè auth"t by performing systems walkthrol3hs to ensure Ihey ale operating eltectNely. (Xher sUbSn"¥e iesw is performed w all materi81 balarKes aThJ th8refore instances of shtyjkl identsf of COndered as insignificant. The laws and regulats.ons whth are consxlered to be sgnrfanl to the er)lrty telale to health and safety and Safeguarding. Oiscusslons are hekj wilh managenI lo thIerme whether why eacheS have OCCUfred as well a5 legal expeThthIU being suub'nised for any ev11¢ on nonwiice. The audit w•$ CC•iseTed capable of elify1j irrWailTes to the extent of SubSt? testing p¢r)rmed nd from th'scus5N)ns wrth mW•J)en1. A lurlh¢r descript'on of our responsitslrts is avaiLaL48 on Financial ReFX)rting cnCl s website at., http5'.11 www.fvc.0tg.uklauthtsrespOftbIJth.es. Thts desuptKMI fomis part ofour aLtho¢s report. Other matters Your attertlion i8 drawn lo fad Ihat the charity ha• Frfepar&J finawal 3tatemeniS in accord wth-AcuJunting nd ReFQrting by charit5.. Statewnent of Rec¢)mmended Pracb( appficabbÈ io charities preparing their accounts in 8cwrdance ¥wth the F4wnoal Rew)n0 Standard aFfAie in Ihe UK and RepU1C of Irdand IFRS 1021" las 8menrtedl In preference to Ihe Accountsng and Rertg by Charrties". Slalwnent of Re(omrrendad PraC1e issued on 1 April 2005 whth is retsr to in Ihe extant regulabons trtrt has been wthdrawn. This has bEen done in ordor fDf the financial stalwTrt lo lje a and lair vTrew in ))[danc8 with ojrrent Generally Accepted AccountiryJ Pfadb¢e. U$e of our report This rèport is made solety to the charity's INslees, a5 a t. with P 4 of Charitlos IAccounts and Reports) Regulations 2008. audrt work has been undertaken so Ihat we mighl state lo lhe d)arity's truslee5 those matters we are re4Uife(I lo state to l)em in an auditor's report and lor no ottser PL5rpose. To Ihe fullest extent perrnitied by law. we do not accept or assurfie sponbI1ty lo anyone othtr than thè charity and charity s trustee5 as a IKYJY, lor ow audjt Wk. lor IIMS report or f(K the Cy'nn& we have formed.
HOPESPRING INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOPESPRING Micha•l T Moran BA FCA Isènlor Statutory Audltort For and on behalfof Rob$ L•therAccoL¥)ianls LM11&. Sl8bJtory AUdL¥ Fernwood House FvmwoJ Road Jesmnd Newcast upon Tyne Tyne and Wtrar NE2 ITJ Engnd Dale.. Robson Laider Accounlants LIrTh1 is ely.ble for appc¥ntment as audrtoc ol thè tharity by wrknje of rt6 elybility for appointwnenl as auditor of a COfTV8ny ¢Jndw sec117 1212 01 the Corryani Acl 2CQ6,
HOPESPRING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Current financial year Unreslrl¢l•(I Restrletsd fund$ 2025 Total Total 2025 2025 2024 Notes Income and end¢)wmenls from: Donalions a1 legaoes Charrtable adi¥ilJes In¥è4mènts Cthef income 5,$89 2.395, 10.589 2,395.%3 17.804 1.825,507 2,304 8,820 Total income 2.409.764 2.414,764 1,854,435 Expendlturt on: Charitable acliviti'es 2.072.889 2,077,889 1.787.332 Totsl expenditurp 2.072.889 2,077.889 1.787,332 Not income and movemont in fund# 336,875 336.875 67.103 R•conclllatlon of ld$. Fund at 1 Septembèr 2024 337.8C 337.8C6 270.703 Fund balance$ 4t 31 August 2025 674.681 674.681 337.8C6 The statement ol finanaal actit8 #ll gains h>sse3 re()y•¥j in the year. and expendttwe dtrrwe frc¥n conlnJin9 athvitw.
HOPESPRING STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Prlor financial y•ar Unre>trlcted fund$ 2024 Restricted funds 2024 Totsl 2024 otès IKome and gndowm•nts frem: Donations and legaaes Charitable activi15 Investments Other inrA)me IS.804 1.825.507 2.304 8.820 17.804 1.825.S07 8.820 Total Income 1.852.435 1,854.435 Expendlture on: CharItae aclivil 1.763.074 24,258 1,787.332 T¢)tal expendltur9 1.763.074 24.258 1,787.332 Net incomellexpenditurel and movement in fwd 89,361 122.2581 67.103 Rèeonclliation of funds.. Fund balan$ at 1 September 2023 248.445 22,258 270.703 Fund balan¢eo at 31 AugU8t 2024 337, 337.8Ce 10
HOPESPRING BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Flx•d a88•ts Tanb assets 13 82.118 88,307 Currnnt a#¥¢ts Deblors Cash at bank and in hand 14 180.293 527.751 135.982 374.754 708.050 510.736 Creditorn: amounts falling due Tmthin one year 16 1115.48n r255,2211 Net currgnt 592.563 255,515 Total ass•ts less curr•nt liabilitt•s 674.661 343,822 Credltots: amourf$ f4lllng due after mor• than on• y•ai IT 16,016) Net a$$ets 674.681 337.808 The funda of crity Unreslncted fijnrts 21 674.681 337,808 674.681 337,806 Jun ?6. 2026 The finan(yal 8lalwrvrts were akyov¢d by the trust¢e$ ¢)n ......................... Ms Lc*s Gott Truste¢
HOPESPRING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2025 202S 2024 Cajtt flowF from opu¥ating activiii Csh generated frcffl operalMM)S 178. 114.047 Invèstlng aetivltses Purchase ol tangible fixed Inveslmenl ir£ornè rèceNed (11.955) 123.5801 N?t ush u9ed In In¥estlvJ actbvltles (9.34n 121,2761 Finan¢ing activities Rèpaymeni ol bank loans (16.038) 111,4641 Not ¢8sh u9ed In flnandng a¢Uvlll¢s (16,036} {11,4641 Net Increa in cash ar cash equlvalents 152.997 81.307 Cash and cash equiv3n1S ai beginnry ofyear 374,754 293,447 Cash and cash oqulv•l•nt8 at ol yg•r 527,751 374.754 12-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng p¢cleS Charity infomiatlon Hopeswing 15 a Charrtable Iniywated 1>yanK¥. The Reg"steced offi is 10 Sea t. SwKl¢fland. SR2 9HA 1.1 Basis of prnparation The financial statements have been prepared in aco)Tdan(• wilh the goveming ¢SJcumenl, Ihe Charrties Act 2011. FRS 102"The FinarTrgal Standard applicate in UK Republic of Iland. and the Charities SORP 'Ac¢(AmiirJ RerKxliNJ by Charth"es." Slat8ment of RecAnmended Pradi applicable to thaities preparng their accounts in Kcordan witt) Lhe FInarla1 Rep¢xting Standard aF1able in UK *KI Repubk of Ireld IFRS I>". The statemenls are prepwed in sterfsrvJ. vhbidb is the lUb.0nl curTency of ihe tharty. Mgrthry amounts in finonu81 slalements are ¥ouNJed lo Ihe rest £. The financial slateThnts havo bn prep¥ed the historal cost convention T Printyp accoLnting polir4es a(ksPted are set out tekmt. 1.2 Going coneern Al the time ol 4Jpro¥irMJ the finanLial statements. the Iwstees have a reasonab expectation that Iho charity has adequate resOurS io eonlintje In opef8tiJnal existefKe for the foreseeable fvtL¥e. Thus trustees conliwe lo Ihe n9 ¢orwn of¥KUnknrNj in the Iinanual slaloment5. 1.3 Charitsble funds Unreslncted hJTrJs are a¥•labl? for use at Ihe disuelth ol the truslees in Iwlherae ol Iheir tharitsb obJ'eLtives. Resln"cted are subiecl to Ipeth ctindil•Jns ty don0 Of grantor5 as lo h(yN they rnJy Lr used. The purpxjses and uses ol the iesltided funos set in the to the ffftoncd #alemts. t.4 Incom• IoMe is rec&Jnised when the ¢JritY is legtY entitled to rt after any perfarKe cOndOn$ have been met, Ihe amJntS can be measured rd'abty. a1 Il probth Ihal irtome wdl be receNed. All voluntary Income frcffi Supporters are iecfjgntsed as (knathjns are lul. a$socialed gift aKI reeeivable in the Stalemenl of FInCk71 AclNrties. Granls where èntrtlèment is not co}rtnal on Ihe ddr4ery of 5Feufic rfornn by Ihe charity are recognised when the charity uTKolI1Y enblled lo the g[t. Im)me r85wrc05 from chantat4e Iradry as lelwj of the lIdj are accounted for when are ¢knwn up las Ihe point of enbtkmenti. tX)naled serYKes and flitieS are itILM ai Ihe v#Je to the tharity vthere thi¥ ¢8n be quanlified aryj the (tIcl is maleik4 to the (QrIts Gfts in Kind a accounted lor at a reasonth 851imate of yue lo the chBrrty or the 8irrf)iwil aclu8ly reali5ed. Vdunteertirr¢. valLTre ofvoluntsry Sukwrt ts the work of the chaiity is not Tr)1 in the èceounis bul is described in the accounts. Inveslmert irK0 is TlU(led in the whon 13.
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Ac¢ountlng polleles Iconb'nuedl 1.$ Expenditu Expendrture is recognised 0e there i8 a legal ov Wrtry1¥e obgat to transfer economi¢ inefit lo a Ihird party, rt is probable that a transfer of econrn¢ benefits will t ièquired in settlement. and the arTrJunt ol Ihe obligalion can be nasured reliabty EXnd[lUre i& classified by activrty. The costs ol eh acbvty are nllde up of the total of diTt costs and shared c0518. includmg SUPPDrt costs iftvofved w) undertakirvJ eacb aclNrty Dire costs attribulae lo 8 ngle aclivily ale allolzled diredy to Ihat actrwty. Shared cosls whith tontrtsjte to morè than one aclk¥ity aDd support costs which are rK)l atlributable to a siNJle aciwity we apted been those aetivits C a bas consistent wilh the use ol re50ufGes. Central staff costs are allocated on the basis of lie spent. and depreGration c¥arges are located rm) thè rA%1tM ol thè assels use. 1.6 Tanglble fixed assets Tangible fixed assets are miliatly nasured * cost and $uentlY ryEaswed al cost or vatsjabon, nel ol depreciation and any inwaifflwl losses. Depreciation is r8cogThsed so as lo wnte off the cost LY ¥alualM of assets 53 t¥T r¢spJual values over their useful ljves on Ihe lolowin9 ba5es-. Leasehold Improvements Fixtures and fittings Computers Molor VeheS 1¢>25% 5travJht lir 25¥fj straighl line 25% straighl line 25% slragm line The gain or bss ansin9 on the dtspK)sal of an asset Is dele[Kd as the (fterenGe b¢lwe¢n the Sa proceeds and the carryitYJ value ol Ihe asset. arKI is rec(w"sed in the statemenl of tnan¢i81 adsviliès. 1.7 Impairment of fixod asse¢¥ At each reFxJrtir¥J dale. the tharity rewews the carrywvJ arrwrts pl its assets lo determine whether theTe 15 any IndiGion that Ihose assels have suffered an impwrmeal 1055. 11 any such Indralion e$t5, the recoverable 8fflount ol the assel is c¥der to determine Iho extènt ol the impa¥menl boss lif anyl. 1.8 Cash and ca8h •quiv8lents Cash and cash equwalents rndude cash in IKKJ, deposits hekl at (al thith banks. other short-temi hquid investments wth ortgnal maturibes ol Ihrèè monlhs or *ss. and overdrafts. Bank ovcsdrnfts we shown within borrIngS In current IIrtIeS. 1.9 Taxatlon The charity Ss exempl frcxn tax on Ihe bas of Is charitatdè 8CXivitièS. 1.10 R•tirement benefits Paymenls to defined contr1)utK reb"rerrn1 benefft schen$ we chwpj as an expense as tsll due. 1.11 Loases Renlal charges payth un(ler 0rating leases we eharged fffj a strawl Ine basis. 14-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 lrtome from donatlons and lega¢Oes Unrestslcled Restricted fLmds fiwd¥ 2025 2025 Totsl Unrwstrictsd Restrlcted funds fundB 2024 2024 T¢tsl 2025 2024 Don*ion¥ and gffts Grants 5.589 15.804 15.804 10.589 15,804 17.804 Grnnts Food and care pkage support giant Oiher 2,0(X) 2,OC() Donated goods and services DuiiThJ the cw¥ent finan(¥al y¢8r. Hopespring has recep$ £3.273 of regular don8tK)ll3. ond raller from one-oll donabons. No assets have been donated to the chanty Ihis yew, Incomo Irom charltable actlviti Unr•stricted Unrn8trfcted funds funds 2025 2024 Charitsbl• actlvllles Placen1 end referral incon 2.395,3 1,825,507 Incom• from InvlMart Unrg$trlctèd Unr•strictod furKIs fund8 2025 2024 Inlergst rewvajle 15-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Othgr ineomè Unrèstrlcied Unrestricted fund8 2025 2024 Other income Volunteer rental irme Insuran¢è cL4im 430 676 7.714 8.620 ExndItUre on charitab[• activities Charitablo CharStabl• expendilure expenditure 2025 2024 DiTtsCt costs Staff costs DeprealK and mpwInI Other staff costs Building and prerntsgs D¢rect aclivity eosts IT a1 Compvter 1,627,212 18,144 1.324.501 17.179 38.498 224.727 59.091 15.082 203,698 57.604 34,057 1,965,C63 1.679.078 Share of support and govemance costs Isee noio 71 Stsppc Governanee 4.891 87,935 10.144 8,110 2,077,889 1.787.332 Analysis by fund Unrestricted funds Restricted lur%ts 2.072.889 1.763.074 24.2Sg 2.077.889 1.787.332 16-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (COPUINUED FOR THE YEAR ENDED 31 AUGUST 2025 Support eogts allocated to a¢tlvllfies 2025 2024 Adminlstration costs G(Ivemarte costs 4,891 87,935 10.144 98.110 92.826 108,254 Anoly#èd bth4een'. Charhtsbk oxpeThJrture 92.826 108,254 2025 2024 Gov•manc• ¢ots eomwlse: Audrt lees Legal and professKwl Bank inlefe31. 8,240 91.301 569 82,188 247 87.935 98,110 Met mov8m•nt In lundo 2025 2024 The net rnovement in lunds s181ed allw ¢haotyntylcredthngl". Fees paYae the 3udil of the chwitl8 fli8la1 slatenth5 Depreciab'on Df cwned tangible fixed assets 6,240 17,179 18.144 Trustees Two trusle¢s TeMuated for their th Tthin Ihe ¢h8nty, dertak in 8ccordwce th fv charity's governing ¢Jxunenl and with approprugle &rthorISat. The nnrats}n was for thw'r fdes a% employee or conStant lo the charity noi lor roles as trustees. L Gott received £48,736 an¢J £2 J)5 pensbj) I))ntrtxrtffi (WL4'. £49. pnsk)n contr*JunI. C¥ J Dunn rewved E3C¥J.12024". £3.3CO) No otherlrusleej re¢•ved renwneration othw befieffts frtyn employment wilh the charty. )ne ol the truslees inwred Y expenses fft Ihe currenl OT wwxdiry y¢4r. 10 Employee$ The erage nnIhty Thwnber ol pknYees duriThJ the year was" 2025 Numbgr 2024 Number Empk)yees 17
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 Employees Iconunuedl Employment cosis 2025 2024 Wa9es and sa'eS Soaal secuity $t$ Other nSIon costs 1.397,170 136.527 93.515 1.149,848 95.737 78.916 1,627.212 1.324,X$1 Key management personnel The charity considers ils key managnt persLyN to be Ihe Executive He8dleaclr &nd (ialions Finance Lead. Tr tolal ems)knyee berts rec4Ned by key Mana9eTrnt were £95.87012024.. £86.4941. There no empbyee5 wISe annual remunerat w85 more than £.c. 11 Volunteers The charity benefits grealy Irom volunlary contr1tlS of twne mow. It V6 es'mated that the charty benefited froffl ov¢r fj, ¥Trtary h>srs. Th¢ rna tyjfk irf this bme Is conifibuted frc¥n 5 volunteers These ¥olunleers give time Iow8rds areas sud) as but )1 exdusr4ety ftjndraistng, the nJnnr4J of Hopespnrg aciivities and •JmiThstralion. 12 T•xalion The chwty is exempi from laxalion on rt al tt$ income is for ch¥tsb purposes. 13 Tangib fixod ass•ts L¢¥8ehoSd FI¥4 •nO Cwpul•rB Toial v•hi¢l•s Cost At 1 SeptemLw 2024 Adth"IK)ns 118.C68 18.6751 6,879 21. 17, 16,630 162.903 11.955 At 31 August 2025 109.393 6.879 21.996 174.858 Depreciation arKI itnpairmgnt At 1 September 2024 Depreciation charged in the year 41.033 10.235 6,663 81 21. 32 74.5 18.144 At 31 Augusi 2025 51.268 6.744 21.932 12. 92.740 Carrying #mounl At 31 Avgusi 2025 58.125 135 23.794 82,118 At 31 Augu* 2024 75.035 217 95 12. 88.307 18-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 D•btoY8 2025 2024 Amounts falling dutr within one year. Trade debtors Prepayments and accrued irth 158.612 21.687 134.782 1,200 180299 135.982 15 Loans and ov•rdraft8 202S 2024 eank loans 16,036 payab within orÉ year Payab after one y 10,020 6.016 16 Crg1Sitors: falllng due within one year 2025 2024 Nots¥ Barbk 19gll Olher taxalion and %K4al sewrty Delerred incow Trade ryeditors othèr ttalrtors AGuuats 15 10,020 22,720 183,310 26,246 6.685 8,240 18 36,423 115.487 255,221 17 Credtors.. •mounts falling du• •ft•r morn than one yethr 2025 2024 Bank loans 1S 6,016 18 D•f•rred bnc¢)me 2025 2Q24 Other deferred incoff 183,310 19-
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2025 18 Deferred Income Ictsntlnuèdl 202S 2024 Deferred incom¢ is included wAhin: Cur¥enl Ik9bilities 183.310 Movements in the year. Dèferred income al 1 September 2tr24 Reased from pre¥iCAts wiods Resour deferred In the y¢ar 183,310 {1.310) 87.334 187,3341 183.310 Defetted income al 31 A12025 183.310 19 Retir•m•nt benefit $¢htmes 2025 2024 Delinoql contribution schemes Charge to profrt or loss in respecl ofdefined CLYribut schernes 93.515 78,916 The charrty operates a defy)ed ¢(X)trib(rtO pension scherre lor all waifying 8mrJoyees. The assets of the scheme are hekl separately from Ihose ol the charity In an independenlly adrninislered fl. Restri¢t¢d fvnds The reslrKted lunds ol ihe tharty CDmwse unexpeThJeiS balarKes of doNal1$ aThJ grènts hek1 on trust $ubJed to specific co"t)S by donor$ as to they rr•y be used. At1 Incoming Restsurcès At 31 August S•ptwnb•r tssources expend 2025 2024 Christrnas Ap81 5.000 {5.0001 Pr•ViOL year: At1 Incoming Septwnber resourc•8 2023 Resourfjety At 31 August expendéd 2024 EducalK)n Hub Christmas Appeal 22.259 122,2581 (2.000) 22.2S9 124,258)
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2025 Re$trict•d funds {Continuedl EdUCaon Hub Funds and donations red arky restrthd br the set and rLwYJing ofthe ngw e(lJcaln hub based in lh¢ whal was Kings Road Chldren's Hclne. Chrlstmas Appeal Funds and dorot3 TeNed tricted Imm 2024 and 2025 Christmas Apted to raise ¥noney for chr1m35 g'fts lor the (Wed Of chkn and Chfists8 hampers for car8 experneed youtYJ peop* Sunderland. 21 Unresthcted lunds The Unrestre fuThts ot the charity comw'se Ihe lXpended bala[e5 ol donation¥ grants whh are not subiect lo specthc coThJliws by dono[5 granl¢ys 05 to how they may be used. These include designated funds whth ha¥e bÈert sèt asth otsl of LInreslOd lunds by Ihe Irustees lor $perif purposes. In¢omlng S•ptgmbor r9¥oU 2024 Resour6 At 31 Auwst •xpended 2025 General funds 337.806 2.409.764 (2.072.889) 874.681 Pfevloug year. At1 Incomlng ReJow¢e$ At 31 AUgt Septembw f•sourcw •xp•nde 2024 2023 Genèra fur#1s 248.445 1.852.435 11,763,0741 337,806 22 Operating lease comm•lm?nts L•asee At the reportiThJ end date Ihe tharity had oulstsnong tsyThThtmnts for hrture nwninxKn lease payrn8ntS Llnder non-cartellable g)eraling aSes. whh fall due as folo4b3" 2025 2024 Wrthin one ye Befv4eell and fve yea 52.848 365.756 54,054 460.160 418.e 514,214 23 Related party transaction 21
HOPESPRING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 23 Related rtY transactlons Icontlnuèdl Dursng the year ts charity received wKome ol £nil 121Y24.. £1CK)l pad £nl 12024.. £4.7041 to Beth5han North Easl Or Tim Dumett ts the Chair of eethshan North East. Ck Twn DUrtt F the SPDuse of Dr Joanne Dunnett. a Trustee of Hcysymg. Dr Tim Dunnelt. the Spouse ol Iruslee Dr J08nne tknnett. was 1 £7.200 12024". £4.8WI ts provM'ng piofèssional cOnsLY and staff tra3 serv5.. 24 Ca8h gener•tsd frorn operntio 2025 2024 Surplus lor the year 336.875 67.103 Adjustments for: Investrnent cOMe recogrx8ed in Stal¢ml actwiis Depre¢wtK)n and inyairmenl of tangib fixed assels 12.6081 18.144 12.304) 17,179 Movwnon¢$ in working ¢pitsI: Ilncrèasel in debiors Incrèasè In L¥editors IDecreasellirease in ¢ferd Ineon 144.3171 53. 1183.3101 181.7361 17.829 95.976 Cash generated from operntlons 178.380 114,047 25 Analy$ls of changes In not fvjnds At 1 S•pl•rnb•r 2024 Cash ftrrtj At 31 August 2028 Cash at bank aThJ in hand 374.7Y 152,997 527,751 LoaDs flirwJ due within year Loans Ilij due after moce than or year 110.0201 16.016) 10.020 6.016 358.718 169.033 527,751