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2025-08-30-accounts

Company registration number: 14319680 Charity registration number: 1201891

OHP Trust

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2025

Wortham Jaques Limited Chartered Accountants and Business Advisors 130a High Street, Crediton, Devon EX17 3LQ

OHP Trust

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Notes to the Financial Statements 11 to 27

OHP Trust

Reference and Administrative Details

Trustees Naomi Clarke James Harrison Thomas Kinsella Michael Roche Reverend Piotr Wygnaski Charity Registration Number 1201891 Company Registration Number 14319680 The charity is incorporated in England and Wales. Registered Office C/o Wortham Jaques Ltd 130A High Street Crediton Devon EX17 3LQ Independent Examiner Wortham Jaques Limited Chartered Accountants and Business Advisors 130a High Street, Crediton, Devon EX17 3LQ

Page 1

OHP Trust

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2025.

Objectives and activities

Objects and aims

The charity's purposes as set out in the objects contained in the company's memorandum of association are the advance of the Christian religion mainly but not exclusively, through creativity, spirit filled worship and promoting the growth of the Christian community within emerging generations through music that is rooted in Christian values and other means.

The aim of our charity is to play a role in calling humanity back to worship God alone, believing through this all people can experience true freedom, joy and life to the full. We particularly aim to address the issue of the lack of investment in the creation of new art, music, and worship for the purpose of lifting people’s hearts, souls and minds to Christ. Alongside this, we want to equip people to lead in their local contexts (e.g. in their parishes, local communities and networks).

Objectives, strategies and activities

The Charity’s principal activity is the advancement of religion by running an online worship Academy, hosting workshops in schools and parishes, running in person events that are open to all and primarily, but not exclusively, serve young adults between the ages of 18 – 35. Through the trading subsidiary, One Hope Project Music Ltd, OHP Trust invests in producing and/or distributing Christian art and music and other resources to enlighten others about the Christian faith.

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. Prior to becoming a charity, OHP Trust was run as a Club and Society under the name One Hope Project and this continues to be the working name of the charity. The company was originally registered under the name One Hope Project but was amended to OHP Trust to distinguish from other charities. The organisation has developed the principal activities mentioned above as well as; communicated the new structure to supporters, key volunteers and donors; updated information on all accounts and developed the sustainable financial strategy for the charity.

Page 2

OHP Trust

Trustees' Report

Public benefit

We developed the One Hope Project Worship Academy to equip Catholics to lead music and worship in their normal contexts, which are mainly parishes. The Academy is an online worship school that provides formation, teaching, spiritual mentoring and practical management for students.

Public Access: The OHP Academy and events, both online and in person, are open to all. We suggest that those who are able to, cover their Academy fee or ticket to our event. However, so that no one is prevented from participating due to personal financial circumstances we offer subsidised Academy places and subsidise and/or free event tickets to those who cannot afford to pay towards their place.

The participants of the Academy benefit through teaching, faith development, skill development, mentorship and leadership training. Through their subsequent renewed involvement in their churches, the members of their churches are also beneficiaries. The OHP Academy not only equips the participants with valuable musical skills for personally developing their musicianship, but also gives teaching on key leadership skills. The result of which sees the graduates better equipped to serve their local communities, which is also a key message of the OHP Academy.

Many people who attend the OHP Academy and OHP events find a new boldness to serve their local community by serving their church by voluntary activity. Accordingly, the activities of One Hope Project are very much focused upon benefitting the public at large by encouraging individuals to be leaders in their local contexts and communities.

Personal Benefits: The trustees have also considered whether any personal benefits are more than incidental and are satisfied that there are no such personal benefits.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

OHP Trust

Trustees' Report

Achievements and performance

During the 2024/2025 financial year, OHP Trust undertook a number of significant activities in support of its charitable mission and objectives.

In January 2025, the charity hosted its largest gathering of community members and volunteers to date. Key volunteers came together for a weekend focused on reviewing the charity’s mission and values, discussing and planning upcoming projects, and spending time building relationships and encouraging one another in faith. Following this gathering, 35 young adults committed to being involved with OHP throughout 2025.

In March 2025, 24 participants successfully graduated from the OHP Academy. This was the second year of delivering the OHP Academy using bespoke teaching sessions produced and filmed by the charity, which participants viewed in their own time before joining online discussion sessions to explore the material together. This format continued to receive very positive feedback from participants. With the increase in Academy participants, the charity engaged and trained more mentors to meet with the participants throughout the course. This group of mentors came from the group of key volunteers and friends of the charity with mentoring experience. We opened applications and began promoting the next OHP Academy cohort in May 2025.

In March 2025, One Hope Project was involved in leading music and worship at Flame, the largest Catholic youth event in the UK, hosted by CYMFed. The event welcomed over 11,000 young people, accompanied by teachers, chaplains, and youth leaders.

In addition to this event, One Hope Project partnered with several third-party organisations to provide music and worship at their events, including Divine Renovation, Celebrate Festival, Joel’s Bar, Alpha International at its Leadership Conference, and WeBelieve Festival. Alongside these larger events, the charity also visited a number of Catholic parishes across the UK, leading music, prayer, and worship sessions.

Throughout the year, the charity also visited four schools, where it was invited to deliver assemblies, teach and share music, and encourage pupils and staff. Across these visits, the charity engaged with more than 3,500 pupils and staff members, supporting the ethos of the schools through faith-based presentations, singing, and worship sessions. Feedback from both staff and pupils was highly positive. School visits remained an important aspect of the charity’s mission and aligned closely with its charitable purpose

Financial review

Income for the period totalled £117,107 (2024: £91,581) with £86,693 (2024: £45,221) received as unrestricted funds and a total of £30,414 (2024: £46,360) as restricted funds; £20,000 National Manager’s salary, £7,000 to support the Academy programme, £2,700 for Academy Bursaries and £714 donations towards the January Gathering event costs.

Expenditure totalled £110,526 (2024: £73,582) during the period.

The overall surplus for the year was £6,581 (2024: £17,999).

The charity’s reserves at the year end totalled £39,433 (2024: £32,852), of which is £33,409 is restricted. The total cash held in the bank at the year end was £32,947 (2024: £50,810).

Policy on reserves

It is widely accepted that a charity should hold at least 3 months of unrestricted reserves to protect the charity for cyclical variations in income. The trustees are satisfied that the charity's reserves are at a suitable level.

Page 4

OHP Trust

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Naomi Clarke James Harrison Thomas Kinsella Michael Roche Reverend Piotr Wygnaski

Structure, governance and management

Nature of governing document

The charity constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 22 August 2022 and registered as a charity on 9th February 2023. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Recruitment and appointment of trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are also members of the company.

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

All members give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.

Statement of trustees' responsibilities

The trustees (who are also the directors of OHP Trust for the purposes 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

Page 5

OHP Trust

Trustees' Report

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

28/05/2026

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

M. Roche

......................................... signed on 28/05/2026, 15:11:24 BST Michael Roche Trustee

Page 6

OHP Trust

Independent Examiner's Report to the trustees of OHP Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of OHP Trust as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Charlotte Chapman Gibbs BFP FCA Wortham Jaques Limited Chartered Accountants and Business Advisors

130a High Street, Crediton, Devon EX17 3LQ

Date:............................. 29 May 2026

Page 7

OHP Trust

Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19
Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
26,391
59,666
411
225
86,693
(2,974)
(73,354)
(76,328)
10,365
10,365
23,044
33,409
Unrestricted
funds
£
27,732
17,355
134
45,221
(2,739)
(34,291)
(37,030)
8,191
8,191
14,853
23,044		 Restricted
funds
£
20,714
9,700
-
-
30,414
(4,667)
(29,531)
(34,198)
(3,784)
(3,784)
9,808
6,024
Restricted
funds
£
20,528
25,832
-
46,360
(3,333)
(33,219)
(36,552)
9,808
9,808
-
9,808		 Total
2025
£
47,105
69,366
411
225
117,107
(7,641)
(102,885)
(110,526)
6,581
6,581
32,852
39,433
Total
2024
£
48,260
43,187
134
91,581
(6,072)
(67,510)
(73,582)
17,999
17,999
14,853
32,852

The notes on pages 11 to 27 form an integral part of these financial statements. Page 8

OHP Trust

Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19.

The notes on pages 11 to 27 form an integral part of these financial statements. Page 9

28/05/2026

OHP Trust

(Registration number: 14319680) Balance Sheet as at 31 August 2025

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
19		 2025
£
1,450
1
1,451
11,151
32,947
44,098
(6,116)
37,982
39,433
6,024
33,409
39,433		 2024
£
-
1
1
5,458
50,810
56,268
(23,417)
32,851
32,852
9,808
23,044
32,852

For the financial year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 8 to 27 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

M. Roche

~~.........................................~~ Michael Roche signed on 28/05/2026, 15:11:24 BST Trustee

The notes on pages 11 to 27 form an integral part of these financial statements. Page 10

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: C/o Wortham Jaques Ltd 130A High Street Crediton Devon EX17 3LQ

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

OHP Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 11

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 12

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Tangible fixed assets

Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Office equipment

Depreciation method and rate 25% reducing balance basis

Research and development

Research and development expenditure is written off as incurred.

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 13

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Page 14

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Donations from community groups
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
16,396
6,260
3,735
-
26,391
27,732		 Restricted
funds
£
714
-
-
20,000
20,714
20,528		 Total
funds
£
17,110
6,260
3,735
20,000
47,105
48,260
4
Income from charitable activities
Academy
Events, Parishes and Schools
Total for 2025
Total for 2024
5
Investment income
Interest receivable and similar income;
Interest receivable on loans to related parties
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
23,270
36,396
59,666
17,355		 Restricted
funds
£
9,700
-
9,700
25,832
Unrestricted
funds
General
£
411
411
134		 Total
funds
£
32,970
36,396
69,366
43,187
Total
funds
£
411
411
134

Page 15

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

6 Expenditure on raising funds

a) Costs of generating donations and legacies

Note
Staff Costs
Allocated support costs
8
Total for 2025
Total for 2024
Costs of generating donations and legacies
Total for 2025
Total for 2024
7
Expenditure on charitable activities
Note
Academy
Community and volunteers
Events, Parishes and Schools
Depreciation, amortisation and other
similar costs
Staff costs
Allocated support costs
8
Governance costs
8
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
2,506
468
2,974
2,739
Shared costs
£
7,173
7,173
5,715
Unrestricted
funds
General
£
13,695
2,083
29,428
387
22,151
3,529
2,081
73,354
34,291		 Restricted
funds
£
4,667
-
4,667
3,333
Allocated
support costs
£
468
468
357
Restricted
funds
£
3,676
714
-
-
25,141
-
-
29,531
33,219		 Total
funds
£
7,173
468
7,641
6,072
Total
costs
£
7,641
7,641
6,072
Total
funds
£
17,371
2,797
29,428
387
47,292
3,529
2,081
102,885
67,510

Page 16

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Academy
Community and volunteers
Events, Parishes and Schools
Total for 2025
Total for 2024		 Activity
undertaken
directly
£
35,972
2,797
29,428
68,197
35,685		 Activity
support costs
£
13,104
3,918
15,585
32,607
25,609		 Total
expenditure
£
49,076
6,715
45,013
100,804
61,294

In addition to the expenditure analysed above, there are also governance costs of £2,081 (2024 - £6,216) which relate directly to charitable activities. See note 8 for further details.

8 Analysis of governance and support costs

Raising funds expenditure

Costs of generating donations and legacies

Basis of allocation
Wages and salaries
Staff pension costs
Staff training
B
Travelling
B
Printing, post and stationery
B
Advertising
B
Legal & professional fees
B
Bank charges
B
Depreciation
B
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
2,333
173
44
148
2
18
70
89
97
2,974
2,739		 Restricted
funds
£
4,667
-
-
-
-
-
-
-
-
4,667
3,333		 Total
funds
£
7,000
173
44
148
2
18
70
89
97
7,641
6,072

Page 17

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Charitable activities expenditure

Basis of allocation
Academy programme costs
Community gathering
Event costs, including churches
and schools
Wages and salaries
A
Staff pension costs
A
Sundry expenses
B
Independent Examiners' fee
Staff training
B
Travelling
B
Computer repairs and maintenence B
Printing, post and stationery
B
Advertising
B
Insurance
B
Legal and professional fees
B
Bank charges
B
Depreciation of tangible assets
B
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
14,671
2,083
29,428
19,345
1,138
124
1,860
176
1,332
730
20
333
389
278
368
387
72,662
34,291		 Restricted
funds
£
2,700
714
-
26,809
-
-
-
-
-
-
-
-
-
-
-
-
30,223
33,219		 Total
funds
£
17,371
2,797
29,428
46,154
1,138
124
1,860
176
1,332
730
20
333
389
278
368
387
102,885
67,510

Page 18

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Support costs allocated to raising funds

Basis of allocation
Costs of generating donations and legacies A & B
Total for 2025
Total for 2024
Support costs allocated to charitable activities
Basis of allocation
Academy
A & B
Events, Parishes and Schools
A & B
Communuity and volunteers
A & B
Total for 2025
Total for 2024		 Finance costs
£
89
89
61
Finance
costs
£
179
89
-
268
182		 Staff costs
£
Administration
costs
£
Premises costs
including
depreciation
£
Other support
costs
£
7,217
92
97
146
7,217
92
97
146
5,715
214
-
82
Information
technology
£
Staff costs
£
Administration
costs
£
Premises
costs
including
depreciation
£
Other
support
costs
£
657
10,825
557
145
741
73
14,433
351
194
445
-
3,608
113
48
148
730
28,866
1,021
387
1,334
222
22,861
1,606
-
738		 Staff costs
£
Administration
costs
£
Premises costs
including
depreciation
£
Other support
costs
£
7,217
92
97
146
7,217
92
97
146
5,715
214
-
82
Information
technology
£
Staff costs
£
Administration
costs
£
Premises
costs
including
depreciation
£
Other
support
costs
£
657
10,825
557
145
741
73
14,433
351
194
445
-
3,608
113
48
148
730
28,866
1,021
387
1,334
222
22,861
1,606
-
738		 Total
funds
£
7,641
7,641
6,072
Total
funds
£
13,104
15,585
3,917
1,334 32,606
738 25,609

Basis of allocation

Reference Method of allocation A Staff time B Use of resources

Page 19

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Governance costs

Independent examiner fees
Examination of the financial statements
Other governance costs
Total for 2025
Total for 2024		 Unrestricted
funds
General
£
1,860
221
2,081
5,850		 Restricted
funds
£
-
-
-
366		 Total
funds
£
1,860
221
2,081
6,216

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
53,327
-
1,138
54,465		 2024
£
35,001
926
745
36,672

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

National manager
Academy		 2025
No
1
2
3		 2024
No
1
2
3

No employee received emoluments of more than £60,000 during the year.

Page 20

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

11 Independent examiner's remuneration
2025 2024
£ £
Examination of the financial statements 1,860 1,920

Page 21

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Tangible fixed assets

Cost
Additions
At 31 August 2025
Depreciation
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
14 Fixed asset investments
Shares in group undertakings and participating interests
Shares in group undertakings and participating interests
Cost
Additions
At 31 August 2025
Net book value
At 31 August 2025		 Furniture and
equipment
£
1,934
1,934
484
484
1,450
2025
£
1
Subsidiary
undertakings
£
1
1
1		 Furniture and
equipment
£
1,934
1,934
484
484
1,450
2025
£
1
Subsidiary
undertakings
£
1
1
1		 Total
£
1,934
1,934
484
484
1,450
2024
£
1
1,934
484
484
1,450
2025
£
1
Subsidiary
undertakings
£
1
Total
£
1
1
1
1
1

Details of undertakings

Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:

Page 22

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Country of Proportion of voting rights Proportion of voting rights Principal
Undertaking incorporation Holding and shares held activity
2025 2024
Subsidiary undertakings
OHP Project Music
Limited Music
C/o Wortham Jaques Ltd,
130a High Street,		 England and Wales Ordinary
shares		 100% 100% production
and release of
Crediton, Devon, EX17 music.
3LQ

Page 23

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

Subsidiaries

The profit for the financial period of OHP Project Music Limited was £3,943 (2024 - £(466)) and the aggregate amount of capital and reserves at the end of the period was £3,478 (2024 - £(465)).

15 Debtors

Trade debtors
Due from group undertakings
Prepayments
Accrued income
16 Cash and cash equivalents
Cash at bank
17 Creditors: amounts falling due within one year
Due to group undertakings
Other taxation and social security
Other creditors
Accruals
Deferred income
Deferred income at 1 September 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 2025
£
5,251
5,000
356
544
11,151
2025
£
32,947
2025
£
3,281
1,347
168
1,320
-
6,116
2025
£
20,000
-
(20,000)
-		 2024
£
-
5,000
324
134
5,458
2024
£
50,810
2024
£
-
2,158
-
1,259
20,000
23,417
2024
£
-
20,000
-
20,000

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £965 (2024 - £626).

Page 24

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

19 Funds
Unrestricted funds
General
Unrestricted funds
Restricted funds
Academy Bursary Fund
Smaller donations under £5,000
National Manager's Salary
Academy programme
Total funds
Unrestricted funds
General
Unrestricted funds
Restricted funds
Smaller donations under £5,000
National Manager's Salary
Academy programme
Total funds		 Balance at 1
September
2024
£
23,044
-
-
3,333
6,475
9,808
32,852
Balance at 1
September
2023
£
14,853
-
-
-
-
14,853		 Incoming
resources
£
86,693
2,700
714
20,000
7,000
30,414
117,107
Incoming
resources
£
45,221
528
20,000
25,832
46,360
91,581		 Resources
expended
£
(76,328)
(2,700)
(714)
(23,333)
(7,451)
(34,198)
(110,526)
Resources
expended
£
(37,030)
(528)
(16,667)
(19,357)
(36,552)
(73,582)		 Balance at 31
August 2025
£
33,409
-
-
-
6,024
6,024
39,433
Balance at 31
August 2024
£
23,044
-
3,333
6,475
9,808
32,852

Page 25

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

The specific purposes for which the funds are to be applied are as follows:

Smaller donations under £5,000 - Aggregate, restricted donations and the corresponding expenditure.

National Manager Salary - Grant received from the Sisters of the Holy Cross towards the salary of the National Manager for 1 year.

Academy programme - Grant received from Kristos Media to fund the employment of an Academy Manager/Director.

Bursary Fund - £2,700 was received for the Academy Bursary Fund. Bursarys are awarded from this fund to reduce the cost of places at the Academy.

20 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
1,450
1
38,766
(6,116)
34,101
Unrestricted
funds
General
£
1
46,460
(23,417)
23,044		 Restricted
funds
£
-
-
5,332
-
5,332
Restricted
funds
£
-
9,808
-
9,808		 Total funds at
31 August
2025
£
1,450
1
44,098
(6,116)
39,433
Total funds at
31 August
2024
£
1
56,268
(23,417)
32,852

Page 26

OHP Trust

Notes to the Financial Statements for the Year Ended 31 August 2025

21 Analysis of net funds

21 Analysis of net funds
Cash at bank and in hand
Debt due within one year
Net funds
Cash at bank and in hand
Debt due within one year
Net funds		 At 1
September
2024
£
50,810
(23,417)
27,393
At 1
September
2023
£
19,303
(4,451)
14,852		 Financing cash
flows
£
(17,863)
16,632
(1,231)
Financing cash
flows
£
31,507
(18,966)
12,541		 At 31 August
2025
£
32,947
(6,785)
26,162
At 31 August
2024
£
50,810
(23,417)
27,393

22 Related party transactions

During the year the charity made the following related party transactions:

One Hope Project Music Ltd

(Wholly owned trading subsidiary)

In 2024 the OHP Trust made a loan to One Hope Project Music Ltd of £5,000. This loan is repayable on demand and bears interest at 8% APR. Interest accrued during this year totalled £411 (2024: £134). At the balance sheet date the amount due from One Hope Project Music Ltd was £2,263 (2024 - £5,134).

Page 27 

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