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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
Page 5
## **OHP Trust**
## **Trustees' Report**
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## _**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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## **`Signatures`**
## **`mrmichaelroche78@gmail.com`**
```
28/05/2026, 15:11:24 BST
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```
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```
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```
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