**Charity registration number 1193007 (England and Wales)**
**Company registration number 12735495**
## **REBUILD WITH HOPE FOUNDATION**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **REBUILD WITH HOPE FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr S P Simpson||
|---|---|---|
||Mrs I J Brooks||
||Ms N Smith|(Appointed 12 December|
|||2024)|
|**Charity number (England and Wales)**|1193007||
|**Company number**|12735495||
|**Registered office**|15-21 Library Street||
||Wigan||
||WN1 1NN||
|**Auditor**|Xeinadin Audit Limited||
||46 Hamilton Square||
||Birkenhead||
||Wirral||
||Merseyside||
||CH41 5AR||
|**Solicitors**|Stone King LLP||
||Boundary House||
||91 Charterhouse Street||
||London||
||EC1M 6HR||
## **REBUILD WITH HOPE FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Statement of trustees' responsibilities|8|
|Independent auditor's report|9 - 11|
|Statement of financial activities|12|
|Balance sheet|13|
|Statement of cash flows|14|
|Notes to the financial statements|15 - 26|
## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2025**_
The trustees present their annual report and financial statements for the year ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
The objects of the charity are for the public benefit in the United Kingdom:
- To Promote social inclusion of prisoners and ex-offenders and assist them to integrate into society;
- To promote the rehabilitation and education of prisoners and ex-offenders, and the reduction of reoffending, particular without limitation by providing or enabling training and job opportunities;
- To relieve the needs of prisoners and ex-offenders who are suffering the effects of unemployment, financial hardship, ill health or disability.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## _Activities_
We are:
- Providing employment and training and support for people with multiple barriers to work
- Working with the hardest cohort to place ex-offenders
- Running the largest standalone charity shops in the UK
- Working across greater Manchester, Merseyside and North Wales
The success that matters, a brief case study:
- Steve M had been out of prison 2 years.
- 200 job applications
- Only 4 interviews, none successful
- Only 1 reply with the reason why – his offence!
- He was effectively still in prison.
- Referred to us by Probation he started working for us on 16hrs a week.
- He couldn’t look people in the eye, found it hard to communicate.
- Moved to full time and after 2 years with us was responsible for
- in-store merchandising and was proudly showing visitors and senior management alike his sales presentation ideas.
- Totally transformed individual and has now left us for a better paid more senior job elsewhere.
Quote from a serving prisoner on our training programme:
## _**"Every single person on that team wanted me to succeed, and I felt it"**_
- 1 -
## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Achievements and performance**
## _Significant activities and achievements against objectives_
In this reporting year of August 2024 to July 25 we are delighted with our wins in providing an environment in which we can support some of the toughest cohorts in need: ex-offenders and long term unemployed.
We are not signposting, we actually employ people, train them educate them and open their minds and talents to opportunities which previously they believed were unattainable.
As a charity established in 2020 we were born in the teeth of the Covid pandemic and only started operating fully in 2022, we are still new. To arrive at July 2025, the end of 3 years of hard work with 80 full time staff and more than 100 volunteers it has been an intense period of rapid growth.
We are running the largest standalone charity shops in the UK providing quality goods at very cheap prices helping communities most in need through this cost of living crisis.
As one of the biggest disposal routes in the UK for unsold stock from high street retailers our environmental credentials are significant: we are reducing waste, reducing landfill and lowering carbon emissions.
With such rapid growth comes the need for emergency measures to manage. It has meant constantly refining the management structure and resources and working to keep costs under control.
This reporting year has seen the impact of a new national minimum wage rise and the National Insurance hike which has been a +£150K cost to the charity.
It has been a year marked by both challenge and opportunity as we strengthened our presence in Wigan and established a firm footing in Wrexham.
Following our unexpected departure from the Debenhams retail site, we responded at pace by expanding into the former TK Maxx unit in the same shopping centre and, in October 2024, securing the former Wilkinson store, a significant retail presence on the high street in Wigan. This transition not only ensured continuity but enabled us to evolve our delivery model and broaden our reach.
In Wrexham, the Hub launched in June 2024 and has progressed steadily despite initial mobilisation challenges. These early operational issues have largely been resolved, and the site is increasingly embedding itself within the local community. Funding secured through the local authority has enabled the development of a community café and Warm Space offer. While there have been delays in implementation, the foundations are now in place for this to become a valuable community asset.
In May 2025 we opened our 3rd large store, a 12,000 sq ft store in Shopping City, Runcorn. We also took a smaller unit opposite the main store which we use just for selling Children’s and babies clothing. Runcorn is a economically deprived area and our offer of good quality cheap clothing, footwear, underwear and Homeware is a boost to the local community. We have been able to recruit an excellent local store manager and we have a good group of local volunteers embedded in the community.
_School Uniform Project Gains National TV Coverage_
In June 2025 we ran our £1.00 school uniform project again – all items £1.00.
This is a considerable to help to a family’s budget. It is well known how expensive school uniform had become a hot issue politically.
It is a measure of the success of this project that we were featured on the nation wide BBC One Show.
The by product of being able to buy schoolwear so cheaply is that the family can then afford to send money on other activities - an outing to the swimming baths or the zoo which otherwise would not have been affordable.
We were able to support over 900 families.
The project has only been made possible through the generous donation of stock from Remade With Hope and we have already secured the same agreement from Remade to repeat the project again in 2026.
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## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Partnerships**
## _**Cycle Project**_
Our partnership with The Cycle Project launched last year continues to deliver strong social and environmental impact. Cycle repair and servicing centres are now operational at both the Earlestown store and the Wigan Hub, attracting interest from local authorities keen to explore wider collaboration.
Increased donations from the public and FCC have enabled us to expand access to affordable bicycles, directly supporting individuals and families facing financial hardship. Alongside this, cycle repair and e-bike maintenance training has become a highly engaging element of our programme offer. These sessions not only build practical, green skills but also support mental wellbeing and open up employment pathways, reinforcing the link between sustainability and rehabilitation.
## _**FCC**_
Through regular weekly deliveries from FCC, we have processed and repurposed over 12,000 donated items in the past year, including furniture, electrical goods, books, and household items.
Beyond environmental impact, this activity underpins a significant element of our training model. Participants gain hands-on experience in sorting, cleaning, repair, and retail within a live working environment. Electrical items are also sent to partner prisons across the North West, where individuals in custody develop technical skills in diagnostics, repair, and PAT testing. This end-to-end process exemplifies our commitment to sustainability, skills development, and rehabilitation.
## _**Rhubarb Street**_
Our partnership with Rhubarb Street has strengthened our ability to respond to the cost-of-living crisis. By providing essential household goods and pet care products at significantly reduced prices, we are supporting a broader demographic within the community.
This expanded product offering has increased footfall across our sites and created additional opportunities for engagement. The partnership now extends across multiple retail locations, enhancing both reach and impact.
## _**GGMS**_
We have established a relationship with the corporate furniture and office furniture company GGMS. They are dedicated to recycling and re-purposing used office and hotel furniture to reduce landfill.
We have received 4 trailers of donated stock from GGMS, over 3,000 items.
We have been able to use the furniture for our own expanding offices and one to one meeting rooms. We have also been able to donate furniture to local Scout Groups, Colleges and Community Centres.
## _**Remade with Hope**_
Remade with Hope remains our most significant strategic partner and a cornerstone of our financial sustainability. Their ongoing provision of clothing, footwear, and homeware supports both our community sales events and retail operations.
The consignment-based model for our flagship stores enables us to generate income without upfront stock costs, preserving cash flow and supporting organisational independence. In addition, our continued collaboration within their prison workshops creates a clear progression pathway for individuals to transition from custody into our programmes, supporting long-term reintegration.
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## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Building Opportunities Programmes**
## _**Prison programme**_
During 2025, we undertook a strategic review of our prison-based programmes to improve responsiveness to individual needs and accelerate employment outcomes.
Key developments include:
- A refined training curriculum tailored to varying ability levels and learning styles
- Introduction of an initial “MOT-style” assessment to identify immediate needs and priorities
- Restructuring of programme delivery, with core training concentrated within the first four weeks
- Earlier progression into external work placements under a “test before you invest” model
This approach aligns with our broader employment pathway, enabling employers to assess candidates in real working environments while reducing risk.
To support this shift, our team has increased engagement with partner establishments, including regular prison visits, candidate interviews, and relationship-building within Remade with Hope workshops.
We have strengthened progression pathways through employer partnerships, including SB Skills and Flannery, improving access to sustainable employment.
Through these partnerships, participants are able to access a wide range of accredited, industry-relevant training aligned to real employment opportunities. This includes Health and Safety Level 2, Forklift Truck and Power Pump Truck training delivered by SB Skills, plant machinery training and engineering apprenticeship pathways through Flannery, and Bicycle Maintenance Level 2 through Cycle Project UK.
In addition, we support participants to achieve core employability qualifications such as CSCS cards, PAT Testing certification, Food Hygiene Level 2, Manual Handling, and Maths and English Level 2.
To date, over 150 individuals have gained qualifications through our provision. This training directly supports progression into employment, with participants moving into roles across construction, warehousing, engineering and bicycle repair, as well as specialist work such as PAT testing. Delivery is flexible and responsive, taking place in custody, on ROTL, and in the community, and is wrapped with mentoring, structure and direct links to employers to ensure training leads to real opportunities rather than standalone accreditation.
## _**Refugee Programme**_
During the latter part of the reporting period we were commissioned by GMCA and Wigan Council to deliver a refugee programme as part of the alliance. Although we are in very early stages we have already seen some positive results.
- 36 participants engaged (19 refugees, 12 asylum seekers and others with protected status)
- Participants represent 17 nationalities and 16 languages
- 6 employability workshops, 4 volunteering workshops and 7 practical “Build a Bike” sessions delivered
- 6 participants have completed the programme and received bicycles, supporting access to work and services
- 23 participants identified work experience as the primary barrier to employment, shaping targeted delivery
## _**UKSPF -WEA**_
This programme is delivered through the grant received in 2024, further funding was received in 2025 which allowed us to continue delivering targeted, employment-focused sessions supporting individuals who are furthest from the job market, building confidence, developing soft skills, and moving them closer to meaningful volunteering and employment opportunities. We were targeted to work with 72 individuals and 8 months into the programme we had exceeded that target.
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## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## _**Volunteers.**_
Volunteers remain integral to the delivery of our mission. Their contribution enables us to extend our reach, reduce operational costs, and maintain a high level of support across all programmes.
While we experienced a slight reduction in independent volunteers this year, we have strengthened partnerships with support agencies to provide structured volunteering opportunities for individuals who benefit from engagement. We have also continued to facilitate corporate volunteering and work closely with Probation Services to deliver community payback opportunities.
We are incredibly grateful to the 239 volunteers who have given their time and support, contributing a remarkable 19,329 hours to help drive our work forward and create meaningful opportunities for others.
## **Grants**
During 2025, RBWH secured funding across multiple streams to support programme delivery and organisational capacity, including:
- £50,345 to continue delivery of the Building Opportunities Programme
- £33,000 from GMCA and Wigan Council to support the Refugee Alliance programme
- £43,434 to fund a seconded Alliance Lead role
- £25,000 final tranche from Lloyds Foundation
- £67,500 from Wrexham Council
This funding has supported both programme expansion and the development of new delivery areas, while maintaining organisational sustainability.
## **Financial review**
Incoming resources during the year amounted to £3,944,035 (2024 £3,081,700) and expenditure of £4,347,467 (2024 £2,933,503) giving a deficit for the year of £403,432 (2024 surplus £148,197). Funds carried forward amounted to deficit £246,552 (2024 surplus £156,880).
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Currently this policy is not yet met., but plans are in place to achieve this level.
At the year end, the charity held free reserves of deficit £316,337 (2024: surplus of £122,870). The reduction in free reserves reflects the deficit due to significant costs in the year.
The trustees continue to monitor the reserves position against the charity’s reserves policy to ensure that sufficient funds are maintained to support the charity’s ongoing activities and commitments.
## _Funds in deficit_
At the year end, the charity’s unrestricted general fund was in deficit by £258,929. This arose following a year of significant operational growth, including new store openings, relocation costs, increased staffing and overhead costs, together with the impact of the charity’s move into leased premises.
The trustees are actively monitoring the position and have taken steps to reduce the deficit, including improved monthly management reporting, site-level profitability reviews, closer control over expenditure and supplier payment terms, and securing additional grant funding post year end. Post year-end trading has improved, and the trustees expect the deficit to reduce over the next financial period through continued trading performance, secured funding and ongoing cost control
## _Major risks_
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Plans for future periods**
Looking ahead, the organisation will focus on strategic growth across key regions and partnerships. This includes expanding our footprint in Wrexham through the development of our community hub and café, alongside establishing a stronger presence in Runcorn.
In Wigan, we will deepen partnerships with local businesses, including the introduction of structured sponsorship packages to engage more employers and organisations in our work. We will also continue to strengthen our position within the justice landscape by building relationships with local authorities and probation services, while working towards securing commissioned contracts. This includes progressing opportunities with the Greater Manchester Combined Authority (GMCA), such as the delivery of the wellbeing contract in Wigan as a partner of Big Life through the GMIRS framework.
Having established a strong foundation and ensured the charity’s sustainability, we are now actively diversifying our funding model. With over £200,000 in grant funding already secured this year, we are confident in our ability to at least double this figure in the coming year.
## **Structure, governance and management**
The charity is a company limited by guarantee and governed by its Memorandum and Articles of Association dated 10 July 2020.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Ms V Blakeman (Retired 21 May 2025) Mr A M Potts (Resigned 19 March 2026) Mr S P Simpson Mrs I J Brooks Ms N Smith (Appointed 12 December 2024)
## _Recruitment and appointment of trustees_
All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Trustees are recruited and appointed in line with the guidance provided by the Charity Commission, ensuring transparency, integrity, and alignment with our mission.
Over the next 12 months, we plan to appoint an additional Trustee who will bring valuable expertise to support the continued growth and strategic development of the organisation. This appointment will expand our Board to five Trustees.
## _Organisational structure_
The trustees delegate day-to-day operational responsibility to the CEO, Louise Atherton. Louise is supported by a senior management team with expertise spanning custodial services, employability, retail, partnerships, and case management. This team oversees a range of operational staff, including programme delivery, employer engagement, retail support and case workers Together, they ensure that beneficiaries receive coordinated, wraparound support throughout their journey toward personal success, social reintegration and progression to employment.
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## **REBUILD WITH HOPE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## _Remuneration policy_
The remuneration of the CEO and senior leadership team is set and reviewed by the Board of Trustees using independent benchmarking data where appropriate. Decisions are documented in Board minutes and reviewed annually.
Remuneration details for the CEO and senior staff earning above £60,000 are disclosed in the annual report in line with Charity Commission requirements. RBWH is committed to openness with stakeholders regarding how charitable funds are used, including remuneration practices.
In accordance with Charity Commission guidance, Trustees do not receive remuneration for their role. Out-of-pocket expenses incurred during the course of their duties may be reimbursed, subject to submission of valid receipts and pre-agreed limits.
This policy is reviewed annually by the Board of Trustees and updated as necessary to remain compliant with relevant legislation, best practice, and the evolving needs of the organisation.
## **Auditor**
In accordance with the company's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of the company will be put at a General Meeting.
## **Disclosure of information to auditor**
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
Mr S P Simpson Mrs I J Brooks **Trustee Trustee** 5 June 2026
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## **REBUILD WITH HOPE FOUNDATION**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
The trustees, who are also the directors of Rebuild with Hope Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## **REBUILD WITH HOPE FOUNDATION**
## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REBUILD WITH HOPE FOUNDATION**
## **Opinion**
We have audited the financial statements of Rebuild with Hope Foundation (the ‘charity’) for the year ended 31 July 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 July 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
- the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
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## **REBUILD WITH HOPE FOUNDATION**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REBUILD WITH HOPE FOUNDATION**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
- We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of charity sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, data protection, anti-bribery, employment and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management team and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of noncompliance throughout the audit.
We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management team as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
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## **REBUILD WITH HOPE FOUNDATION**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF REBUILD WITH HOPE FOUNDATION**
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and relevant regulators.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Helen Furlong FCCA (Senior Statutory Auditor)**
For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants 46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR 15 June 2026
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## **REBUILD WITH HOPE FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
578,115
110,486
Charitable activities
**4**
3,250,027
-
Other trading activities
**5**
1,342
-
Investments
**6**
4,065
-
**Total income**
3,833,549
110,486
**Expenditure on:**
Charitable activities
**7**
4,290,722
51,736
Other expenditure
**12**
5,009
-
**Total expenditure**
4,295,731
51,736
**Net income/(expenditure)**
(462,182)
58,750
Transfers between
funds
53,267
(53,267)
**Net movement in**
**funds**
**9**
(408,915)
5,483
**Reconciliation of funds:**
Fund balances at 1 August
2024
149,986
6,894
**Fund balances at 31 July**
**2025**
(258,929)
12,377|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
688,601
973,561
18,300
3,250,027
2,087,742
-
1,342
-
-
4,065
2,097
-
3,944,035
3,063,400
18,300
4,342,458
2,922,097
11,406
5,009
-
-
4,347,467
2,922,097
11,406
(403,432)
141,303
6,894
-
-
-
(403,432)
141,303
6,894
156,880
8,683
-
(246,552)
149,986
6,894|**Total**
**2024**
**£**
991,861
2,087,742
-
2,097|
|---|---|---|
|||3,081,700|
|||2,933,503
-|
|||2,933,503|
|||148,197
-|
|||148,197
8,683|
|||156,880|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 12 -
## **REBUILD WITH HOPE FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 JULY 2025**_
|**2025**
**2024**
**Notes**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**14**
57,408
**Current assets**
Debtors
**15**
18,119
10,363
Cash at bank and in hand
218,205
273,773
236,324
284,136
**Creditors: amounts falling due within**
**one year**
**16**
(540,284)
(154,372)
**Net current (liabilities)/assets**
(303,960)
**Total assets less current liabilities**
(246,552)
**The funds of the charity**
Restricted income funds
**19**
12,377
Unrestricted funds
**20**
(258,929)
(246,552)|**£**
27,116
129,764|
|---|---|
||156,880|
||6,894
149,986|
||156,880|
The financial statements were approved by the trustees on 5 June 2026
|Mr S P Simpson|Mrs I J Brooks|
|---|---|
|**Trustee**|**Trustee**|
Company registration number 12735495 (England and Wales)
- 13 -
## **REBUILD WITH HOPE FOUNDATION**
## **STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**24**
**Investing activities**
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
**Net cash used in investing activities**
**Net cash generated from financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
(50,720)
4,375
4,065|**£**
(13,288)
(42,280)
-
(55,568)
273,773
218,205|**2024**
**£**
(5,597)
-
2,097|**£**
266,863
(3,500)
-
263,363
10,410
273,773|
|---|---|---|---|---|
- 14 -
**REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
## **Charity information**
Rebuild with Hope Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 15-21 Library Street, Wigan, WN1 1NN.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have assessed the charity’s ability to continue as a going concern for at least 12 months from the date of approval. In making this assessment, the trustees have considered the charity’s year-end financial position, post year-end trading, cash resources, creditor position, secured grant funding and continued supplier support. The charity reported a deficit for the year and had net current liabilities at the balance sheet date; however, post year-end management accounts show an improved trading position, with a year-to-date surplus reported to March 2026 and positive cash balances maintained.
The trustees have also considered confirmed future funding, including National Lottery and Big Life grant funding, together with the continued support of the charity’s key supplier, Remade With Hope Limited, which has confirmed ongoing stock supply and extended payment terms. While the trustees recognise that the charity remains dependent on continued trading performance, timely receipt of grant funding and ongoing supplier support, they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 15 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
|Plant and equipment|10% on cost|
|---|---|
|Fixtures and fittings|10% on cost|
|Computers|33% on cost|
|Motor vehicles|20% on cost|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 16 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 17 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
146,195
-
Grants
34,920
110,486
Donated goods and
services
397,000
-
578,115
110,486
**Grants**
Greater Manchester
Combined Authority
-
27,450
Lloyds Foundation
25,000
-
Wrexham County BC
-
65,857
Wigan MBC (Alliance
Coordinator)
-
7,239
Workers Education
Association
-
7,190
Wigan MBC (Refugees)
-
2,750
Other
9,920
-
34,920
110,486|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
146,195
70,000
-
145,406
53,561
18,300
397,000
850,000
-
688,601
973,561
18,300
27,450
-
18,300
25,000
50,000
-
65,857
-
-
7,239
-
-
7,190
-
-
2,750
-
-
9,920
3,561
-
145,406
53,561
18,300|**Total**
**2024**
**£**
70,000
71,861
850,000|
|---|---|---|
|||991,861|
|||18,300
50,000
-
-
-
-
3,561|
|||71,861|
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Clothing sales**|||
|Shop sales|3,180,588|2,065,070|
|Labour recharged|69,439|22,672|
||3,250,027|2,087,742|
- 18 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **5 Income from other trading activities**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Non-charitable trading activities|1,342|-|
|**6**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|4,065|2,097|
|**7**|**Expenditure on charitable activities**|||
|||**Clothing**|**Clothing**|
|||**sales**|**sales**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|1,915,957|964,542|
||Depreciation and impairment|11,044|7,099|
||Cost of goods sold|1,200,896|674,756|
||Premises costs|765,505|1,081,799|
||Other costs|337,569|131,100|
|||4,230,971|2,859,296|
||**Share of support and governance costs (see note 8)**|||
||Support|100,292|63,931|
||Governance|11,195|10,276|
|||4,342,458|2,933,503|
||**Analysis by fund**|||
||Unrestricted funds|4,290,722|2,922,097|
||Restricted funds|51,736|11,406|
|||4,342,458|2,933,503|
- 19 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **8 Support costs allocated to activities**
|Staff costs
Bank charges
Accountancy & payroll fees
Legal fees
Governance costs
**Analysed between:**
Clothing sales
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's auditor:
- for the audit of the charity's financial statements
- for other financial services
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets|**2025**
**£**
56,981
35,360
7,951
-
11,195
111,487
111,487
**2025**
**£**
9,500
3,000
11,044
5,009|**2024**
**£**
50,727
3,823
7,966
1,415
10,276|
|---|---|---|
|||74,207|
|||74,207|
|||**2024**
**£**
9,150
3,000
7,099
-|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**Number**
99
**2025**
**£**
1,783,519
130,456
58,963
1,972,938|**2024**
**Number**
51|
|---|---|---|
|||**2024**
**£**
927,176
67,779
20,314|
|||1,015,269|
- 20 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**11**|**Employees**||**(Continued)**|
|---|---|---|---|
||The number of employees whose annual remuneration was more than £60,000|||
||is as follows:|||
|||**2025**|**2024**|
|||**Number**|**Number**|
||£80,001 - £90,000|1|1|
||**Remuneration of key management personnel**|||
||The remuneration of key management personnel, including employers pension|||
||contributions, was as follows:|||
|||**2025**|**2024**|
|||**£**|**£**|
||Aggregate compensation|294,846|168,654|
|**12**|**Other expenditure**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Net loss on disposal of tangible fixed assets|5,009|-|
|**13**|**Taxation**|||
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 21 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
|**14**
**Tangible fixed assets**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 August 2024
4,030
1,692
6,630
Additions
-
35,004
15,715
Disposals
-
-
-
At 31 July 2025
4,030
36,696
22,345
**Depreciation and impairment**
At 1 August 2024
940
380
1,274
Depreciation charged in the year
403
2,360
5,067
Eliminated in respect of disposals
-
-
-
At 31 July 2025
1,343
2,740
6,341
**Carrying amount**
At 31 July 2025
2,687
33,956
16,004
At 31 July 2024
3,090
1,312
5,356
**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**16**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**17**
Trade creditors
Other creditors
Accruals|**Motor**
**vehicles**
**£**
27,985
-
(15,000)
12,985
10,627
3,213
(5,616)
8,224
4,761
17,358
**2025**
**£**
378
10,673
7,068
18,119
**2025**
**£**
59,802
79,386
222,538
11,234
167,324
540,284|**Total**
**£**
40,337
50,719
(15,000)
76,056
13,221
11,043
(5,616)
18,648
57,408
27,116
**2024**
**£**
-
-
10,363
10,363
**2024**
**£**
109,661
-
12,028
20,683
12,000
154,372|
|---|---|---|
- 22 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**17**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 August 2024
Resources deferred in the year
Deferred income at 31 July 2025
**18**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
79,386
**2025**
**£**
79,386
-
79,386
79,386
**2025**
**£**
58,963|**2024**
**£**
-|
|---|---|---|
|||**2024**
**£**
-|
|||-
-|
|||-|
|||**2024**
**£**
20,314|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1 August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|---|---|---|---|---|---|---|
|||**2024**|**resources**|**expended**||**2025**|
|||**£**|**£**|**£**|**£**|**£**|
|||-|-|-|-|-|
|Greater Manchester Combined|||||||
|Authority||6,894|27,450|(21,967)|-|12,377|
|Wigan MBC (Alliance|||||||
|Coordinator)||-|7,239|(7,239)|-|-|
|Workers Education Association||-|7,190|(7,190)|-|-|
|Wigan MBC (Refugees)||-|2,750|(2,750)|-|-|
|Wrexhan BC||-|65,857|(12,590)|(53,267)|-|
|||6,894|110,486|(51,736)|(53,267)|12,377|
- 23 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_
|**19**|**Restricted funds**|||||**(Continued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|||**2023**|**resources**|**expended**||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
||Greater Manchester Combined||||||
||Authority|-|18,300|(11,406)|-|6,894|
## **GMCA Community Grants**
We are proud to have received a Community Grant from Greater Manchester Combined Authority (GMCA), totalling £47,750, with £27,450 received during this period (£18,300 2024). This grant was to deliver targeted, employment-focused sessions supporting individuals who are furthest from the job market—building confidence, developing soft skills, and moving them closer to meaningful volunteering and employment opportunities.
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1 August**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
149,986
3,833,549
(4,295,731)
**Previous year:**
**At 1 August**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
8,683
3,063,400
(2,922,097)|**Transfers**
**At 31 July**
**2025**
**£**
**£**
53,267
(258,929)
**Transfers**
**At 31 July**
**2024**
**£**
**£**
-
149,986|
|---|---|
## **21 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 July 2025:**
Tangible assets
57,408
-
Current assets/(liabilities)
(316,337)
12,377
(258,929)
12,377|**Total**
**2025**
**£**
57,408
(303,960)
(246,552)|
|---|---|
- 24 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**21**|**Analysis of net assets between funds**|||**(Continued)**|
|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
||**At 31 July 2024:**||||
||Tangible assets|27,116|-|27,116|
||Current assets/(liabilities)|122,870|6,894|129,764|
|||149,986|6,894|156,880|
## **22 Operating lease commitments**
## **Lessee**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years
In over five years|**2025**
**£**
127,814
159,108
61,500
348,422|**2024**
**£**
106,174
170,837
79,500|
|---|---|---|
|||356,511|
## **23 Related party transactions**
During the period the charity had an outstanding loan of £Nil (2024 £16,985) from Mr A Potts, a trustee of the charity. The loan was agreed to be written off as a donation to the charity.
Remade with Hope Limited, a company that Mr A Potts is materially interested in, sold goods to the value of £1,050,872 (2024 £600,031) to the charity and donated stock with the value of £118,333 (2024 £70,000). The transactions were made at arm's length.
The Company also provided services to Rebuild with Hope Foundation amounting to £Nil (2024 £15,648).
- 25 -
## **REBUILD WITH HOPE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**24**
**Cash (absorbed by)/generated from operations**
**2025**
**£**
(Deficit)/surplus for the year
(403,432)
**Adjustments for:**
Investment income recognised in statement of financial activities
(4,065)
Loss on disposal of tangible fixed assets
5,009
Depreciation and impairment of tangible fixed assets
11,044
**Movements in working capital:**
(Increase)/decrease in stocks
-
(Increase)/decrease in debtors
(7,756)
Increase in creditors
306,526
Increase in deferred income
79,386
**Cash (absorbed by)/generated from operations**
(13,288)|**2024**
**£**
148,197
(2,097)
-
7,099
102,900
3,997
6,767
-
266,863|
|---|---|
## **25 Analysis of changes in net funds**
The charity had no material debt during the year.
- 26 -