Charity numb•r: 1203S40 SUMMER HYPE CIO UNAUDITED TRU8TEES' REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 30 8EPTEMBER 2025
8UMMER HYPE CIO CONTENTS Refèr• and AdmInl•tra• D•tslh of th• Ch•rKy, Its Tru•tsu and Advl••r• Tnwte••' R•port Ind•p•nd•nt Examln•f• R•port 8tat•m•nt of Flnan¢lol A¢llvlll Balanc• 8h8•t Nots• to th• Flnancl418tat•m•nl• 9-15
SUMMER HYPE CIO REFERENCE AND ADMINISTIiATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trust• Dr Emm8 MItLelm8n, Chair Laura Katsn, Trusteè Mala CohenvLa$k, Trustee Manya Ev8rnley. Tru8166 Paul Clarkg, Truslee lappoinled 9 Sept8mb6r 20251 Molty Mlttelman, Trustee (appointed 9 Seplgmbgr 20251 Charlty r•gl*tsr•d numb•r 1203540 Prlnclp•l offlc• 101 Nèw Cavendlsh Street London W1W6XH Ind•p6ndont •xamln•r HoTriS & Trotter LLP Chartared Accountant 101 New Cavendish Street 1st Fbor South London W1W6XH Page 1
SUIMAER HYPE CIO TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Twstees psent their annual report together wlth Iha ffnancSal slatements of Summar Hype for the period from 1 October 202410 30 Septèmber 2025. obj•ct0s and actlvltl•• Polkl•• and obJ•ctlve• In sotting obJeclives and planning for 8cliviti8s. tho Trustees have glven due conslderallon lo general 9uidanc8 publishod by tho Chadty Commisslon relallng to public benefit, Includlng the 9uk(ance 'Publlc beneltl: runnlng harfty IPB21'. b. Chwlty'• obi•GtIv•• Thé Chadty's mlsslon 18 to boost ts opportunllle8 arKI fulum of young pgople from Hackney through thè translomiallve expgrlence of resldentlal youth camp and youth laadgrshlp Iralnlng. Our lallor8d and Vaed programme supports young people lo grow In confid8nce. bulld reslllence, ambluon and the porsonal rosources lo overcJme challenges wlthin Ihglr liv8$ In a Safe and nurturfn9 8nvlronment. The rèllef of chlldren and young peopl8 who are In neod by reason of thelr youth, Iln8n¢6al hardshlp, soci81 oxclusion. oxporiencg of belng kioked after by a local aulhorily, or othèr dlsadvanlagas by the provlslon of JeNl¢es Ihal a} Increasg access to new and 8nrtchlng experlences that promote the d8vel¢)pmenl of new sklll8-, bl prowde practsc81 support. advice or guldance.. and cl support Ih8m to dèvelop 8ellvconfidenc8, rèsillenca. amblllon and the personal r&8ource$ lo overMme challèng88 withln thelr Ilves. In particular, but not oxclu8lvely. we wlll provlde dl 8 variety of r89idenlial holldays for young peopl8,- and el leadershlp Iralnlng programmo for dlsadvanlagod young peopl¢ lo becomo youth lead6rs. Achlovem•nts and perform•nc• . MaSn ¢hlev•m•nts ot the Charlty Durlng the y8ar, the charfty reGelved donallons of £50,57612024.' £26,813). all of whlch were unrestrlcted. Theso donallons wgre used lo run 8 tsuc¢es8ful Summer camp during the year. Tho cost of runnlng Ih88e camp8 w&s £21,188 (2024.- £17.679}. Flnanclal r•vlèw . Golng ¢on¢•m After rnaking oppropriate enquiries, Ihe Truslges hav8 a re8sonabie expoclalion that the Charity has adequate rasources lo continue in operational existence for the foreseeable future. For thi5 reason, they continue lo adopt the going concem basis in preparing th8 financial statemenls. Further detalls regarding the 8doptlon of tha going ¢Onrrn basls can be found in the accounting policies. Page 2
SUMMER HYPE CIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 b. Ro¥orv•• pollcy The balance of und18trlbuted resources a8 at 30 Septembw 2025 totall8d £36,938 {2024', £8,383). Any urwjbtrlbutod In¢om• during the year will bo usod on lutur• prol8cts. The reserve8 at the end of Ihe year war8 £36,93812024: £8.383) vthith18 8pIIt between £36,729 (2024: £7,750) unreStClad fijnds and £209 {2024.' £633} re81rlcted funds. SITU¢tur•p gov•rnanc• •nd manag•m•nt •. Con•titutloTh Summèr Hyp• CIO is a r8gistared charlty, numbor 1203540, and18 conslitutod under a Constitulon. Tho Charlty Is a Charitable Incory)oraled Organlsation. b. M•lh¢d• of appolnlm•nt or •l•ctlon ol Tru$t• The management of the Charityls tho rgsponslblllty ol the TnJstsg$ WI ar• elected and c4wted under th• termB of the Constllullon. 4)art from the firnl trustees. gvery trustee must b8 appolnlad by a ro8olullon pasfjed al a propfrrly conven•d meollng of the charlty IriJ8109B. ¢. Flnancl•l rl#k man•g•m•nt The Trustees have a¥s9d tha major rfsks io whlch the Charlty 1$ exp)$ed, In parCUlar Ih05e related lo th6 operatlons ond finances of tho Charlty, and are 8aU8fl8d that systoms and proceduros are In place to mtlbgate exposure lo the major rtsks. Pagg 3
SUPAMER HYPE CIO TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Statsm•nt of Tru8tsèi' re8ponslbllltlo¥ The Trust8es ar8 r68ponslble for prepadng tha Tru$to0$' Report and the fln8nclal slal8ments in aets)rdance with applICab law and United Kingdom AcGounting Standards Iuniled Klnodom Generally Accepted Accounting Practlc8). Tho law appllc8ble to ¢harltl88 In England & Wales ffjquires the Trust5 to preparè finandal statements for each financlal whlch glve a true and falr vlew of the state of affalrs of the Charlty and of Its Incomlng resource8 and application ol reSoUrs. Includlng Its In¢om8 and expendlture, for that perlod. In preparlng th8$e flnan¢lal stataments. the Trustees are requlrad lo.. Select sultabl6 ac¢ounng pollcjes and then apply them consl8lently,' (Js8rve the m6thod8 and prlnclples of the Charities SORP {FRS 1021-, make judgments and oc¢ounllng e811m8188 that are reasonable and prudent. stst8 wh8th8r appllcable UK Ac£ounUng Standard5 IFRS 102) have en followgd. 4ubJect lo any malerlal departuras dlsc108ed and oxplAlnod In the financial 8latements', prepar8 the ffnancial 8tatemonl$ on the golng eoncem ba818 unlè88 It18 Inapproprfale to pra8ume that the Charity wlll continue in busln08$. Thg TNstees are responslble for keeplng adequate accountlng rèeords that are suffTdenl to show and explaln th8 Charfly's transadon8 8nd disthe wlth reasonable acrjjracy at 8ny tlme the trlnanclal posltion of the Charty and enable Ih8m lo ensure that the financlal 3tatemonl8 comply wllh th8 Charities Act 2011. tho Charity IAccounls and Report8) Rggulatlon8 2008 and the provislons of the Con•tltulon. They are al80 re8PODsible for salègurding the a$3el$ of the Charlty and h8nce for tsklng reasonable 8teps lor the prevenllon and delectlon of fraud and other Irr8gulorltte8. Approved by order of th8 momber8 of the board of Trustees and 81gned on thglr behaw by.. Manya E rsl•y Dale.. /?/0 7/oc K Page 4
SUMMER HYPE CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 3EPTEMBER 2025 IndepeDd•nt Examln• Report to th• Tru•ts• of Summer Hype CIO (Ihe Charr l Teport lo the charfty Trustees on my examlnatlon of th6 accounts of the Chartty for the year ended 30 Saplember 2025. R••pon•lblllths and Bsl• of R•port A8 Ihe Trusl8e5 of tha Charlty you ar8 wsponsiblo for the preparallon of tho accounts in a¢rdanc@ wlth the ulr8ments ol the Ch8rltle8 Act 2011 ('th0 2011 Art). I report In re6P8Ct of my examlnauon ol the Chadvs accounts carrfed out under secuon 145 ofth$ 2011 Act and In carrying out my examination I have followed the appllcablo Dlrectlons 9lv8n by the Charlty Commlsslon under section 145151{bl ol the 2011 ACL Ind•p•nd•nt ex•mln•f• Stat•m•nt Your attentlon 1$ drawn to the fact that the Charlty ha8 prepar•d th• 8¢eount8 In acccd8nee vlth Accounung and Reporting by Charltles: Slalement of Recommandod Practlc8 appllcable to charltlès preparfng thalr accounts In acaordanc8 wlth th8 FlnanGial Reporlng Standard appllcable in the UK and Rgpublic of Iréland IFRS 1021 In prefer8nC8 to the Accoun15ng and R8ports'n9 by Chartlios.. Ststemant of Recommendad Practicé 188uod on 1 Aprll 2005 whlch 18 r•f•rr•d to In tha axtanl r•gul8tlon$ but haj b•en wllhdrawn. l understand that thls has boon done In ordor lor the ow)unl$ to provldg a Irug ond falr vlgw In accordance wlth the Generally Accepted A¢¢ounting Pr8cUoe effed've for reportlng perlods beginnlng ¢)n or aftar 1 January 2015. I have compl81gd my examlnallon. I confflrm that no matters h8ve come to my attenlon In connactk)n vlth tho axamlnalion gNlng me caus8 to b8ltev8 that In any matorlal r¢spocl.' a¢¢ountlng record8 werg not kopt In respecl of the Chartty a8 requlred by section 130 01 th9 2011 Aci. or the accounts do not accord with th08e records., or Ihe accounts do not comply wlth the appllcablo requlrements ¢onc8mlng the form and conlent Of accounts 8el out In the Chariligs (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 9Ne a 'tNe and fail vléw which 18 not a matter consldergd as part of an Independent examination. I have concem8 and havo ¢ome acros5 no other mattgrs In conneclkin wllh tho examlnalion to which attention should be drawn in this report In ordor to gnablg a proper understsnding of the accounts lo b8 reached. Page 5
SUMMER HYPE CIO INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Thls raport Is made $018iy to thè Ch#rtys Trustees, as a body, In accordanc8 wlth Part 4 of Ihe Chariles {Aowunts and Reports) Regulatlons 2¢8. My work ha8 been undertaken so that I mlghl state lo the Charity's Trustees those mattgrs l am requlred lo stst8 lo them in an Independent Examinerfs R8POrt and for rK) Other PUTpose. To the fullest extent p8rmStted by law. I do not accept or assume re$pon$lbllity to anyone oth8r than thè Charity 8nd the Charivs Truste85 as a body, for my WO or for this report. Jamte Taylor Harfs & Trotter LLP 101 New C8vendl8h Street 1st Fkr South London W1W6XH Dated.. 4410 ¥ t26 Page 6
SUMMER HYPE CIO STATEMENT OF FWANCIAL ACTMTIES FOR ThE YEAR ENDED 30 SEPTEAIBER 2025 R•strlct•d Unr••lrfct•d fund• fvnds Total funds Total funds Pertod end8d 30 S•pt•mb•r 30 S•ptsmb•r 30 S•pt•mb•r 30 Septwnber 2025 2025 2025 2024 Not• Incom• from". Oonallons and legacles 50,578 50,578 26.873 Total Incom• 30,576 50,576 26,813 Exp•ndltur• on: Ch8rltsble activllles: Prole¢l runnlng costs Govem8n¢o ¢08ts 424 20,762 835 21,186 17,679 751 Totsl •xp•ndltur• 21,597 22,021 18,430 N•t mov•m•nt In fund• 1424) 28,979 28,555 8,383 R•con¢lll*tlon of fundB'. Total fund8 brought forward Nel mov8m•nl In fiJnd8 833 14241 7,750 28,979 8,383 28.555 8.383 Totsl fund• G•rrled forward 209 36,729 36.938 8,383 The Statement of Flnandal Athltlos IrKludes all galn8 and1088e8 recogn18ed In the year. The nolos on pag88 9 to 15 forni part of thesè fln8n¢l81 stat6m•nl8. Page 7
SUMMER HYPE CIO BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Cufrnnt v•ts Cash 8t bank and In hand 36,938 8.383 36,938 8,383 N•t curr•nt a8¥•t• 36.938 8.383 Total augts1o•• curr•rrt Ilabllltl•• 36,938 8,383 To¢•1 n•t a•••ts 36.938 8,383 Ch•rlty fund Re81ricted fund8 Unreatrfctsd fund$ 209 34729 833 7,750 Totsl lund• 36,938 8,383 The ffinancial 8tst¢m•nl8 w8r8 approved and authorlsod for Issue by Ihe Trustso8 and 81gn8d on tholr behalf by.. Many• Ev•rnl•y Date.. /2/0 7/&6 The nolei on pages 910 15 form part of th858 finandal 8tstam8nls. P8ge 8
SUMMER HYPE CIO NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 30 SEPTEMBER 2025 Genor•l infom)atlon Summer Hype is 8 Chafitable Incorporated Or9anisation which is a registered d)arity in Erland and Walès. chailty reglstration number 1203540. A¢countlng pollcl•i 2.1 Bail• of pr•paratlon ot flnanclal $tat•m•nt• Tho financlal 8talomonts h8v8 been prepar8d In accordance wllh the Charities SORP {FRS 102) - Accounfjng arHI Reporting by Ch8rllles'. Statement of Recommended Practice 8pplicablè to charfties preparlng Ihelr accounts In accordanco wlth the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Flnan¢lal Rgportlng Standard appllcable In the UK and Republlc of Ireland (FRS 1021 and the Chadtl88 Act 2011. The flnanclal statements have been prepar8d to glv8 8 'lruo and falrf vl8w ond 118vo departod from the Charits'8$ IAGcounts and R6port8} Regulations 2008 only to tha 8xt8nt roqulrod to provldo a Irue and f81¢ vlew, This departurè has involved followlng the Charitios SORP IFRS 102} publSshed In October 2019 rathgT Ihan the Accounting and Réporting by Chariti8s'. St8temant of R8commonded Pracllce offectlve from 1 Apdl 2005 whlch ha$ 8lncé begn wllhdrawn. Summer Hypg CIO meets the deflnition of a publSc bgneflt entlty under FRS 102. Assets and Ilabllllles ar8 Inlllally recognised At hlslorical cost or Iransadlon vahje unless otherwise staled in the relevant accountlng pc41cy. 2.2 Incom• All In¢om• Is recognised once the Charrty ha8 8nlltl8m8nt to tha Inc4)me, It is probabl8 that tha Income wlll be re¢6lvod and the amount of In¢oma re¢elvabl8 can be measured reliably. 2.3 Exp•ndltur• Exp8ndllure 18 recognl$ed onco Ihere Is a legal or construcllve obllgatl¢)n to tran8fgr gconoml¢ bonefft to 8 third paty. it Is probable that a transfer of economic benefits wlll be requlred In 8gttlemenl and the amount of the obligation can be rneasured rellably. Expgnditure Is classifffjd by a¢livty. The costs of eath activily are made up of the total ol dffect co$1$ and shared Costs, Including support costs involved In undert8klng each activity. Direct costs attributsble to 8 singlo 8¢tlvity are allocated directly to ihal activity. Shared costs whSch contribute to more than one activity and support costs which are not attdbulable lo a 8lngle ac15vity are apportloned between those activities o basis consislenl with the use of resourc88. Central $laff ¢osts are allo¢aled on the bas18 of tlma spent, and depreciation charge8 allocated on th& portion of the a$s81'8 u88. Expenditure on charllable activitie5 is incurred on dlreclty undertakSng the acllvltles whlch further the Charlty's oblectiv¢s, as well 8s any associated support costs. All expendblure Is Inclusive of Irrecoverable VAT. 2A Cash at bank and In hand Cash at bank and in hand includes Gosh and short-tsmi highly liquid Investments with a short maturity of three months or 188$ from th& dale of acquisition or opening of the deposit or similar aCu1. Page 9
SUMMER HYPE CK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng poll¢lo1 {contlnuod) 2.5 Fln•n¢lal Instrum•nts Tha Charlty onty has fvnanolal assets and nar18• labllllle$ ol a kd Ihat quallfy a$ b88lc financl81 instwm8nts. Basic financlal Instruments are inltially recognis8d al transactlon value and subsequenlty measurod at their selllemenl value with the exception ol bank loans whlch are 8ubsèquently m8a8ured al amorti8ed cost Ltsing the affoctlvè intBiasl rnethod. 2.6 Fund a¢¢ountlng Genor81 lund8 arg unr88tr1cled fLtnd8 thl¢h ar¢ avollable lor use 81 the dlscreuon of the Trusl88s in furtheranc• of the gen8ral oblectlve8 of the Ch8dty and whlch have not been deslgnated ft)r other purpo809. Restrlctad fvnds ore funds whlch ar8 to be used in accord8nGe with spedfic restri¢tlons Imposod by nor8 or whlch have been raised by Ihg Charity for PBrticulgr purposes. The costs of ralsing and admlnl8todng such fund8 are charged agalnst the sp8GifiG fund. The alm and use of each rgslrict8d fund18 88t out In tha not08 to th• flnanclal s1otem&nl6. Income fr¢)rn don•tlons and l•gacl•g R•8trlctsd LlnrnJtrlGt•d fund• fund• Tgt•l fun¢• 30 30 30 S•pt•rnb•r S•pI•mr S•ptsmb•r 2015 2025 2025 Donatton8 50,576 50,576 Tolal 2025 50,576 50.576 R8strfcted Unre8tflcted funds fvnds PgiyGd Period endad ond8d 30 30 September Seplember 2024 2024 Tot funds Penod endod 30 Septftmb&r 2024 Donations 4.133 22,680 26,8t3 Total 2024 4,133 22.880 26,813 Page 10
SUMMER HYPE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 8EPTEMBER 2025 Anatysls of expendhur• on Gharltabl• actlvltlgs Swnm•ry by fund ty R••trfctsd Unr•¥trlet•d fundi fund• Total 30 30 S•pt•mb•r 8•pl•mber S•w•mb•r 2025 2025 2025 Expen$$s 424 21,597 22,021 Total 2025 424 21,597 22,021 Roslntcl8d Unrnstiiclod funds funds Total P8rtod Period P•rlod endgd ended ended 30 30 30 September S&pt8mber September 2024 2024 2024 Expen8es 3.500 14,930 18.430 Total 2024 14.930 78.430 An•tyil• ol •xp•ndhur• by •¢tlvlll Project runnlng Gov•manco eosts ¢ost• Total funds 30 30 30 SgPt•mbor Septembw S•ptsmb•r 2025 2025 202S E¥pgnse$ 21,186 835 22.021 Total 2025 21,186 835 22,021 Page11
SUMMER HYPE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analys1* of •xpendltur• by actIvIa$ {Gontlnu•d) Profv ninning Govem8llCa ¢os¢s costs Portod onded Total funds ended ended 30 S•pt8mb6r S8plembèr Sept8mb•r 2024 2024 2024 Expenses 17,6T9 751 18,430 Tot812024 t7,679 751 18,430 Anaty•l• of Gov•rnance ¢o•ts Total funds Exp•M 30 30 8•pt•rnb•r S•pt•mb•r 2025 2025 Insurance Prof65slonal feeg Momber8hlp f•gS 686 35 114 114 T¢>tal 2025 835 835 Tryst•••' remun•r•tlon and •xp•ns•J During Ihè year, no Trustees reGefved any remuneration or other banefils (2024- £NIL). During the year ond8d 30 Saplomber 2025, no Truste8 expens8¥ have been incurred (2024- £NIL). Page 12
SUMMER HYPE CIO NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 30 SEPTEMBER 2025 statement of fvnds Stat•ment of funds - curr¢nl y•ar Blanc• at 30 8•ptsmbor 2025 B•l•n¢• 011 Octob•r 2024 Incomo Expendltur• Vnr•¥trlctsd fund• General Funds- all fund$ 7,750 50,576 {21,S97) 36.729 R••trf¢tod fund• Roslrlctgd Fund8- all lund8 (4241 209 Total of lund• 8,383 00.576 122,0211 36.938 8t•tsm•nt of lund• - prfor y•ar 8al8nce 81 30 September 2024 Income Expendllu Unre•trfct•d fund¥ General Fund8 - all fvnd 22.680 (14,930) 7, 750 R••trlctod fund• Re5Cted Fund8- all funds 4,133 (3,500) 633 Total ol funds 26,813 (18,430) 8,383 Page 13
SUMMER HYPE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 summary offvnds Summary of funds- Gurr•nt year 8alanc• at BalanG• at 1 Odob•r 2024 S•pt•mb•r 2025 Incom• £xp•ndllure General funds Reslrlcled fund8 7.700 633 50.576 (21,397) {4241 36,729 209 8,383 50,576 122,021) 36,938 Summ•ry of fund• . prfor y•ar 8818nc• at 30 September 2024 Incom8 Expenditur• Gener81 fund8 Restrlcled fvnd8 22,680 4,133 (14.930) (3,5tXI) 7.750 633 26,813 (18.430) 8,383 Page 14
8UMMER HYPE CIO MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analy818 d net •ssot• between fund• Analysls of assets b•twotrn funds- ¢urrnnt y•ar R•strlct•d Unre8trlctsd fund• funds 2025 202S Total funds 2025 Curmnt 9s$8ts 38,729 31938 Total 209 36.729 30,938 Analy•l• of n•t a4••t• b•lw••n fund• - prlor y•or Restrlcted Unre¥tricled funds lunds 2024 2024 Tolal funds 2024 Current 8888ts 7, 750 8,383 Total 7, T50 8,383 Page 15