DREAMS FOR HOPE C-,? Pr, EJ4- r.. . ## **DREAMS FOR HOPE** **Annual Report and Financial Statements For the Year Ending December 2025** **Dreams For Hope** **1 Gainsborough Place, Cobham KT11 2DP** **T: 0770 3259701** **E: jamesvizzini@dreamsforhope.com** **https://www.facebook.com/DreamsforHope/ Registered Charity No. 1209935** ## **DREAMS FOR HOPE** ## **Annual Report and Financial Statements for the Year Ending December 2025** ## **Overview** Dreams For Hope exists to address ‘bed poverty’ by ensuring that children and young people who do not have a bed of their own are provided with a safe and suitable place to sleep. Throughout the reporting period, trustees have remained focused on ensuring that the charity delivers this support e�iciently, equitably, and in line with its charitable objectives. ## **Delivery and Outputs** During 2025, Dreams For Hope delivered **64 beds** to children and young people experiencing bed poverty. This exceeded the original delivery target of **50 beds** , reflecting both increased operational capacities, rising demand for the charity’s services, and a greater than expected funding round that brought in almost £25,000 in grants and donations. Trustees note that demand for support has continued to grow, driven by increased awareness of bed poverty among professionals and community organisations. In response, the charity has strengthened its delivery model and partnerships to ensure children are supported promptly and appropriately. We made the di�icult but necessary decision to move from beds produced by a local community volunteer organisation to purchasing beds from retail suppliers. This change has given us greater control over supply, ensured consistent quality, and made assembly significantly easier. Crucially, it has removed previous volume constraints; in the third quarter alone we delivered 27 beds, almost half of our total deliveries for the year. ## **How Our Project Prevents Poverty in the Longer Term** While our charity provides an immediate, practical response to families experiencing hardship, the impact of giving a child a bed extends far beyond meeting an urgent need. By ensuring that every child has a safe, comfortable place to sleep, we help create the stability required for long-term progress and resilience. A proper night’s sleep directly supports a child’s physical and emotional wellbeing, which in turn improves school readiness, attendance, and concentration. Children who are well rested are more able to learn, participate fully in education, and build the foundations for future opportunity breaking cycles of disadvantage over time. are an una�ordable expense for many households, and by removing this cost, families can redirect scarce income towards food, utilities, and other essentials, decreasing the likelihood of debt or crisis escalation. Our work strengthens home routines, reduces overcrowding, and increases safety and hygiene in the home, all of which contributes to a more stable living environment. This stability helps families engage more e�ectively with wider support services, maintain employment or training, and avoid further hardship. In this way, our project delivers immediate relief while also contributing to long-term poverty prevention through improved wellbeing, educational outcomes, family stability, and reduced financial pressure. ## **Geographic Expansion and Partnerships** At the start of 2025, Dreams For Hope operated across three boroughs in Surrey: Elmbridge, Spelthorne and Runnymede. During the reporting period, trustees approved an expansion of activity to three additional Surrey boroughs, Epsom & Ewell, Mole Valley and Reigate & Banstead, enabling the charity to reach a significantly wider group of families in need. This growth has been supported by an expansion of community referral partners, which include: - Local family support organisations - Schools and education settings - Other charities - Volunteer and community groups These partnerships have improved referral quality, reduced duplication of support, and ensured that beds are provided to those with the greatest need. ## **Performance Against Plans** The charity’s performance during the period exceeded initial expectations. Trustees consider the delivery of 64 beds against a target of 50 to demonstrate strong operational management, e�ective use of resources, and a clear understanding of local need. Based on current demand, partnerships, and delivery capacity, trustees have agreed to a delivery target of at least **120 beds** for the coming year subject to funding and operational conditions. ## **Funding** To achieve this target, the Trustees agreed that a minimum of £26,000 is required for the coming year. To date, we have commitments of £3750 and are confident that The National Lottery Community Fund, which awarded us £10,500 in 2025, will again provide a similar level of support in recognition of our strong delivery record. We are realistic, yet confident, that the remaining funds will be secured as we continue to broaden our engagement with potential grant funders. ## **Governance and Oversight** Trustees have actively monitored delivery, expansion, and demand throughout the period. Particular attention has been given to ensuring that growth has been managed responsibly and that the charity remains focused on its core purpose. The charity is overseen by a board of four Trustees, all of whom have undergone induction training and a structured interview process to ensure they possess the necessary qualities, skills, and knowledge. These board members are volunteers from diverse backgrounds and receive ongoing specialised training as needed. Day-to-day management is handled by the Founding Trustees, Jim and Naheed Vizzini, supported by the board. Trustees are responsible for reviewing and mitigating risks through preventative controls and corrective actions. Regular assessments of operating strengths and weaknesses are conducted, and risk management is incorporated into Board meetings and yearly reviews. charitable objectives and is well positioned to deliver further impact in the coming year. ## **Chair’s Statement** This year has been one of remarkable achievement and tireless commitment to our mission of supporting the increasing number of families reaching out for help. In conjunction with our community partners, our charity work strives to ensure every child and young person has a bed of their own. We have seen an incredible increase in the number of charities and local organisations we network with, and building these relationships is enhancing our profile and extending our reach throughout Surrey. We are very fortunate to have the support of Surrey County Council, and the outstanding team in Community Partnership who have provided a gateway to many of the relationships we enjoy with family support organisations, schools and local charities who share our vision. I am especially grateful to our Trustees who are committed to our mission and have given invaluable time and guidance in our quest to alleviate bed poverty. And to all our grant providers, we thank you for placing your trust in our ability to deliver on our mission. Your support is never taken for granted and is received with gratitude and thanks. ## **Grant Providers and Donors** who continue to champion our work. Their support reflects confidence in the impact and quality of our charity work: Elmbridge Borough Council National Lottery Community Fund Community Fund Surrey – The Green Shoots Fund The Co-operative Bank CSVA Saputo-Dairy Crest West Byfleet Golf Club Our Lady of Lourdes Catholic Church, New Southgate Derek and Lucy Dightmaker ## **Board of Trustees** Naheed Vizzini Appointed September 2024, Chair James Vizzini Appointed September 2024, Treasurer Ed Rios Appointed September 2025 George Dibble Appointed November 2025 ## **Independent Examination** an independent examination as the income for the year is less than £25,000. Approved by the Trustee Directors on 26 January 2026 and signed on their behalf by **N Vizzini Trustee and Chair** ## _**Dreams For Hope Annual Report and Financial Statements to December 31, 2025**_ **Statement of Financial Activities (including Income and Expenditure Account) For the Period September 9, 2024 to December 31, 2025** |**_Incoming Resources_**
Grants Income
Donations
Fund Raising
Interest Income
**Total Income**
**_Resources Expended_**
Direct Charitable Costs
Beds, Bedding and Other Supplies
Transportation
Volunteer Expenses
Total Direct Charitable Costs
Marketing Costs
Logo
Supplies
Postage
Total Marketing Costs|Notes
2
3||Unrestricted Funds
£
925
1,425
41
107
**2,498**
-
-
468
468
49
200
10
259|Restricted Funds
£
21,950
-
-
-
**21,950**
12,641
1,314
-
13,955
-
-
-
-||Dec 2025
£
22,875
1,425
41
107
**24,448**
12,641
1,314
468
14,423
49
200
10
259||Sep 2024
£
-
-
-
-| |---|---|---|---|---|---|---|---|---| |||||||||**-**| |||||||||-
-
-
-| |||||||||| |||||||||-
-
-
-| |||||||||| |Admin and Support Costs
Website Domain Registration
DBS Checks
ICO Registration
Public Liability Insurance
Total Admin and Support Costs
**Total Resources Expended**
**_Net Transfer To / (From) Reserves_**
**_Total Funds at 09 September 2024_**
**_Total Funds at Financial Year End_**|46
67
52
145
310
**1,037**
1,461
-
**1,461**|-
-
-
-
-
**13,955**
7,995
-
**7,995**|46
67
52
145
310
**14,992**
9,456
-
**9,456**|-
-
-
-
-| |---|---|---|---|---| |||||**-**| |||||-
-
**-**| ## **Balance Sheet As at December 31, 2025** **----- Start of picture text -----**
Notes Dec 2025 Sep 2024
£ £
Current Assets
Inventory 4 4,747 -
Cash in Hand at Bank 4,709 -
Total Current Assets 9,456 -
Current Liabilities
- -
Total Current Liabilities - -
Net Assets 9,456 -
Unrestricted Funds
General Reserve 1,461 -
Restricted Funds
General Reserve 7,995
Total Funds 9,456 -
**----- End of picture text -----**
The Trustees are satisfied that the Charity is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The Trustees acknowledge their responsibilities: - the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 477, - the trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts, - these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. These financial statements were approved by the members of the Trustee Board on 23rd December 2025 and are signed on their behalf: ## J Vizzini ## _**Trustee Treasurer**_ For and on Behalf of the Trustees **For the Period September 9, 2024 to December 31, 2025** ## **Notes to the Financial Statements** ## _**1 ACCOUNTING POLICIES**_ ## **Accounting Convention** These financial statements have been prepared in accordance with the Statement Recommended Practice: Accounting and Reporting by Charities (SORP 2015) and applicable UK Accounting Standards and the Charities Act 2011. They have been drawn up on the historical cost accounting basis. ## **Resources Expended** Resources expended are accounted for on a cash basis. ## **General Reserve** It is the policy of the Charity that unrestricted reserves should not be allowed to fall below £1000, the equivalent of the cost of five (5) beds. As deliveries are made fortnightly, of between four to five beds, the reserve policy affords the charity the ability to address up to five beds in the event of immediate/emergency demand. ## **Funding Policy** This fund arises from grants or donations given to the charity where the donor specifies the use to which the funds may be put. We are therefore required by law to comply with the donor’s wishes in the use of these funds. ## _**2 INCOME**_ |**_INCOME_**||||| |---|---|---|---|---| ||**Unrestricted**||**Restricted**|**Total**| ||**Funds**||**Funds**|**Funds**| ||**2025**||**2025**|**2025**| ||**£**||**£**|**£**| |**Grant Income**||||| |Elmbridge Borough Council Cost of Living Fund 3||-|2,500|2,500| |Elmbridge Borough Council Partnership Fund||-|2,250|2,250| |National Lottery Community Fund||-|10,500|10,500| |Community Fund Surrey (Green Shoots Fund)||-|3,700|3,700| |The Co-operative Bank Customer Donation Fund||925|-|925| |CSVA Surrey Downs CYP Cost of Living Support Fund||-|3,000|3,000| |**Total Grant Income**|**925**|**21,950**|**22,875**|| |---|---|---|---|---| |**Donations - Corporate and Community**|1,425|-|1,425|| |**Fundraising Activities**|41|-|41|| |**Total Donations and Fundraising**|**1,466**|**-**|**1,466**|| |**Bank Interest**|**107**|**-**|**107**|| |**_TOTAL INCOME_**|**_2,498_**|**_21,950_**|**_24,448_**|| |**_VOLUNTEER EXPENSES_**||||| |Mileage reimbursement for using personal vehicles||||| |for bed deliveries (mileage traveled at 45p per mile)|**_468_**|**-**|**468**|| |**_INVENTORY_**||||| |Includes bed frames, mattresses, bedding and||||| |sleepwear|**_4,747_**|**-**|**4,747**|| |**_RESTRICTED FUNDS_**|Balance|Income|Expenditure|Balance| ||09 Sep 2024|||31 Dec 2025| |Elmbridge Borough Council Cost of Living Fund 3|-|2,500|2,500|-| |Elmbridge Borough Council Partnership Fund|-|2,250|2,250|-| |National Lottery Community Fund|-|10,500|5,505|4,995| |Community Fund Surrey (Green Shoots Fund)|-|3,700|3,700|-| |CSVA Surrey Downs CYP Cost of Living Support Fund|-|3,000|-|3,000| ||-|-|-|-| ||**-**|**21,950**|**13,955**|**7,995**| ## _**3 VOLUNTEER EXPENSES**_ ## _**4 INVENTORY**_ ## _**5 RESTRICTED FUNDS**_ ## _**6 PAYMENTS TO TRUSTEES**_ Any payments to trustees related to reimbursement of expenses incurred on behalf of the charity.