COMPANY REGISTRATION NUMBER: N1622198 CHARITY REGISTRATION NUMBER: 100154 Hope and a Future Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 D C CORR AND COMPANY Chartered accouiitarits 29B Main Street Randalstown County Antrim BT413AB
Hope and a Future Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Directors, annual report (incorporating the directorfs report) Independent examinerfs rèport to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 10
Hope and a Future Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 Thg diroclors, who gro also thè dirgctors for the purposes of cornpany l¥w, pro¥•nt thoir r•port and th• unaudited financial slalemen*s of the charity for the year ended 31 March 2025. Reference and administrdtive details Registered charity name Hope and a Future Charity gistratiOn number 1LK)154 Company registration numbÈr N1622198 Principal office and registered 7 New Street office Randalslown County Antrim DT41 3Ar The directors Mrs C Keenan Mr W Pollock Mrs M Blair Mr J Mccabe Mr6 Y Scullion (Appointed 13 January 20251 (Appointed 13 January 20251 (Appointed 13 January 2025} Independent examiner Demiot Corr 2QR M2in 8trg.p.t Randalslown County Antrim BT413AB Structurc. govcrnance and mana9omcnt Hope and a Future is a Company limrte(J ty guaraniee and as suth r( does not have share capital. Every director bn9 a member of the ExeaTtrve Committee undertakes to contribute to the assets of the Company, in the event of the same being wound up while he is a member, or within one year after he ceases io be a member, for paymeni of debis and liat)ilrties of Ihe Company con1rae[l before he ceases to be a member. 2nd of the cnsts. charges and expenses of winding up. and for the adjustment of rights of the contributors among themsetves. such amount a8 may be required not exi1[19 £1.00. The Company is registered wrth HM Revenue and Customs as a charitable body for taxation purposes IHMRC Charty Number XT79101. The Company was incorporated on 8 January 2014 and its governing instruments are the Memorandum and Artides of A33wation. The addre33 of the Company's f¢egistered Offi, which is also lls principal a¢¢ress, is shown on page 1.
Hope and a Future Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) {conliniJod) Year ended 31 March 2025 Obj•¢tiv•$ and •ctivities Hope and a Future is a small Northein Ireland diarity based in Randalslown, Couiily Anlririi. The charity was initiated by local couple Kevin and Christine Keenan following a trip to the town of Shashemene in the south of Ethiopia in 20(. Thpy werp movéd by thp high lèvp.l of KX)Vérty And th lack of education for some of the poorest children. Many of these children worked from as young as 54 ye¢llS uf ¢ige vi ITldde d livirig by be99in9 Oll the slreet5. The Hope and a Future Charity was fomied in 2007 and is overseen by a committee of local people frorn Randal-town and Antrim. Thc initial aim at thc start wa- to provide education for some of the poorest children in the town of Shashemene in South Elhiopia, 200 kms from Addis Ababa. From a very small beginning of a small rented building wtih 150 children the charity has grown over the pa£t 12 years to the extent that in 2019 support was boin9 provided for EchoolÉ with up to 500 children. The first sthool was purpose built and provides education for children 8yrs to 16yrs. This school is called "School for Humantty" and (Jjrrentiy provides e¢Jucaiion Yor up to 4cKJ cnildren. A second school called Tesfa had around 100 children attendina of age 5-7 years. The decision was made to lo caase the second school in Juno 2019 and the children would be transferrgd into the first school as places became available. Frotn September 2019 the Charity was maintaining the School for Humanty with 4UU children. All childron wgre provided with school unrforms and for many of th• children it is their main items of lothing. Each Child reIveS a nourishing meal each day whiGh greatly help5 the health of the children but this also presents a challenge due to increasing costs ot toodslutts. Lhildren also are provioed with ngw qhopq whpn rg.qiiirpd aq wp.112% mp.dir21 trp.almg.nt when nerEssary. All teacherg and support ¥laff are employed from the Ial area and the charity up to Junc 2020 wcrc cmploying more than 50 50 staff a5 teacher5, cook5, deaner5, adrnin, stores and tnanagetnent. In 2015 the Hope and a Future charity began lo plan towards building a Therapeutic Centre for children with 3 Disabilrty and a Youth Centre in Shashemene. Al that time Ihere was very litt18 provision for children with a Disabilrty with many of these children living in i301ation in their 8hack houses. They have no access to educaiion. therapeuuc InieNeniions, heallhcare or opportunf(les for socialisation with their peers. Constru¢lion of this new building was compleled in 2019 From 2015 the Cherity began to gather Disability equipment into store facilities Gonnectcd to thc Chamty shop outlets wllh the alm of senolng a Sea Conlainer loaded wth Ihi5 equipment from N. l. inlo Ethiopia and on to the new building in Shashemene. Arrangement was made for the Container to loavè N. l. in September 2019, laden with the equipment which had been gathered up over the previous years. The container arrived at its destination in Ethiopia in November 2019. In the years from the beginning of the Charity. teams of volunteers from N. Ireland have travelled to Ethioptg to provide direct SUPF)Ort >nd encouragement for all ongoing projetAs. These trips are generally 10 to 14 day8 duration. The la31 trip was ID November 2023 8nd four people visited the variou5 p(ojeGts in Ethiopia and biou9hl bath g(MJd piogres5 report.
Hope and a Future Company Limited by Guarantee Directors. Annual Report (Incorporatrng the Directorfs Report) (Confinid) Year ended 31 March 2025 Athi@v@m@ntS 2nd pp.rfrJrni#nce In oeplember 2019 there vvas a fomial opening of the ncw Youth Centre in Ethiopia. alleiided by Local Authority including the Mayor and also represenlalives from N. Ireland The Youth centre on the upper flnnr woiild provide local children w¢th somewhèrè to meèt 2nd gotig1i#e_ They would have atxess to a library and a place lo study and complete homework. During 2019, due to increasing expense of maintalning ihe school wfth Mslng cosis lor food, salaries eic, there were delays in achieving full operation of the Disabilty Centre and Youth Centre. Al this time the Chanty Commtttee We looking at ways to reduce the finanal burden. The fiiianGial siluatioii iiil¢iibifi¥d iii MiifLlI 2020 wlierl Coiun¢ltlQn5 rame into N. Iteland brittging the Iirsl Lockdown when our shops had to close and the main source of income ceased. By June 2020 any reserve finance was depleted and deusion was made to teminate our finance input to the Sthool -till in Lockdown with for Humanity an¢J to the DiAbilty and Youth Ccntrc. At thi- timc thc Charity was- Iiu iriLuiiiE ciiid ritj ieseive finan to rnainlain Piojett5. Letter5 were wtttten lo Authorilie5 in Ethiopia explaininq Ihe Charity Position and givinq the Projects over to their administration. Followin9 Iha first Lockdown the Charity Bhops reopened in July 2020 and income began to be restored bul slill willi liiiiilaliviis lu Ilie uiiguiriy C(Jvid 19 P¢iiideriiiL. Iii July 2020, Illib Clidiily beqan to send finance support to two smaller SChIS in the same region of Elhiopia.. The Charity finance position remained very low during the Covid threat in the country and there was a second Lockdown from Dec 2020 til April 2021.our shops were dosed for this time. Following the second Lovi¢ lockdown our shops reopeneo In Apnl 2021 and began to restore income for Charity funds. In the months following Charity support was restored lo the School for Humanity and also 5UPPOrt continued for a second school callad 'Mululalam'. Tha School for Humanity continue8 to have 400 Children and the Mululalem school also has up to 4¢XS children so in total our Charity is providing educaiion for 6tKI children and also provinaalrties for more than 50 Stsff across the Mo schools. Many of the students from School for Humanty have prcded into higher levels of Education and may proceed Inio University Educalion which will bnng good prospects of &mploymenl and future finance support for their families. Since the summer of 2021, thanks trj steady income from our Charity shops. y have maintaine(I regular momhly finance payments to Ihe s¢h¢)ols in Ethp1a. We also SLlPPOrt a Deaf communty of around 40 families with monthly finance as their disgbility lirnits thcir cmployment potential.we el¥0 support 8 communty of people whose adults have lepro8y, buypuiliiiy £111 Ayiilulluie piogiarntne to encourage self sufficiency in the future. The Deaf gvp and Leprosy group INe in the same region as our schools in Ethiopia. In gddi(ion to our projocts in Ethiopia. tho Charity also aims to support sm311 local naad$ in our local Area of N. Ireland. This indudes single parent families. tnigranl families. people on low incomes and others with disabilty, aOOictions andlor mental health Issues. At present lime the Ghanty may support people exw.rip.nring slrg.qq diip to National penoMIC downtum Oiir Charity shops have t)rne popular social lOlOnS where people find friendship and encouragement. Our Charty 3h¢ps 3erve mainly ftandalstown and Antrim and surrounuing regions. Many of our volunleer staff speak of the personal benefit of engaging in worthwhile work and escape from isolalion and loneliness. We also èneourage involvement of people who may have disabilty or mental health issues and this is therapeutic for individual heath.
Hope and a Future Company Limited by Guarantee Directors, Annual Report (Incorporating the Directorfs Report) (contsnu@d) Year ended 31 March 2025 Finanei41 r•vi•w Tlie yE<ai fiii¢afiQil posltion were consiijwed sali5faclory. The dlrectors expeu ihai Income io increase in Ihe year to 31 March 2025 and this will be maintained for Ihe foreseeable rture. The Slalement of Financial Activities shows a net decrease in Unrestricted Funds of £12,766 and a no change to the Restricted funds. The Company had Total Charrty Funds of £116.404 at 31 Mardi 2025. Small company provi$ion6 Thls repon has been prepared in accordance wrth the provisions applirAble lo companies entitled to the small companies exemptinn. The director8, annual report was approved on 18 June 2025 and signed on behalf of the board of Iruslees Oy.. Mrs C Keenan Director
Hope and a Future Company Limited by Guarantse Independent Examinerfs Report to the Directors of Hope and a Future Year ended 31 March 2025 report to the diractors on my axamination of the financial statements of Hope and a Futurc {'Ihc charily'l for the year ended 31 March 2025. Responsibilities and basis of report As the directors of the company (and also ils directors for the purposes of company law) you are responsible lor the preparation of ihe finaiioal sLale111Ib ill t¥[J<1LE With the requiretnent5 of charities Aci (Nonnem Ireland} 2UUiS (the .2008 Act.) and the Companies Act 2CQ6 ('the 2006 A¢l'). You are satisfied that the ac(x)unls of the company are not required by charity or company law lo be audited and havg chosan ingtgad to have an independent examination. Hciviny sa115fied tnyseif Ihat Ihe accounis of Ihe company are not required to L)e audAed under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carying out my examination I have followed the geneial DireGlions given by Ilie Clidllty Cornrlli55i0n foi Northem Irei3n¢ under SelOn 6blY)Ibl of the 2008 A¢t. Indopendent examÉn•rf$ statgmont Siiice Ilie ulidiily'b gTOS5 inwme exceeded £250,000 your examiner must be a member of a tr)oUy Iisled In section 65 of the 2008 Act. I confirm thal l am qualified to undertake the examination because l am a member of Chartp.rg.rl ArtoiJnt3nts Ireland. which is one of the listed bodies. I have completed my examination. I confimi that no matters have [le lu riiy tJllention in connectio wrth my examination giving me ¢ause to believe that in any matenal respecl: accounting records were not kept in respect of tha tharity as required by section 386 of thc 2006 Act,. or the financial stalements do not accord with those records.. or th• financial $talements do not mPlY with the a¢¢ounting requirements of seGtion 39G of the 2006 Act other than dliy iequiiement that the accounts glve a 'irue and fair view whith is not a matter considered as part of an independent examination- or thg. fin2ncial statements have rnt been ppared in accordance with the methods and principlcs of the Statement of Recommended Practi for aGGounting and repoiliwig by Iicirities applicable to charhles preparing their accounis In accordance wrth the Financial Reportinq Standard applicable in the UK and Republic of Ireland IFRS 102) I confirm that there are no other matters lo which your attention shoukl be drawn to enable a proper understanding of11)¥ <lLLDunls to be rea Derinol Cvii Independent Examiner 298 Matn Street Randalstown Couniy Antrim BT413AB
Hope and a Future Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Totsl funds 2024 Unrestricled funds Totsl funds Income and endonents r)anations and Ipgaries Other trading activities Total incomc 6.125 348,613 6,125 348,613 341,503 354,738 354,738 342,503 Expenditure ExperidiluTe on Gharitable activitie5 367.504 367.504 370,261 Total expendlture 367.504 367,5U4 J7U,2b1 Net expendlture and net movement in fund$ {12.766) (12.7661 127.758) RÈconciliation of funds Total funds brought forward Total funds carried fop•rdrd 121.102 8.068 129,170 156.928 108.336 8,068 116,404 129,170 The statement of finan¢ral activities indudes all gains and losses reujgriibed in Ihe year. All income and expendrture derive from continuing activthes. The not¢# on pages 10 to 17 fr*rm part of these financial statewnents.
Hope and a Future Company Limited by Guarantee ststement of Financial Position 31 March 2025 2025 2024 Fixed assets Tangible fixed assets 13 128,129 139,526 Current assets StOCKS Debtors Cash al bank and in hand 14 15 2,698 1.832 2,749 2,726 6,528 33,570 7,279 42.824 CrEditor5: arnounts falling due wlthln one year Net Gurrent Ilabllhles 16 19.004 41,576 (11,7251 116,404 1,248 Total assets less curreni Ilabllltles 14U,774 Creditors: amounts falling due after more than onc year 17 11,604 Net asaets 116,404 129,170 Fui)ds uf the rharity Kestricled lunds Unrestricted funds 8.068 108.336 8.068 121,102 Total charity funds 18 116.404 129,170 For the yoar anding 31 March 2025 the chanty was entied to exemption from audit under 3ection 477 of the Cotnpanies Act 2006 iel<iliiiy lu bwnall Companies. Directors, responsibilities: The members have not required the company to obtain an audil of its fiiwiiLidl btdternen15 for Ihe year In question in aCcOr¢Yan wrth sethon 47b" Thè directors acknowledge their rpsponsibilitios for complying wilh the qUirements of thc Act with respect to accounting records and the preparation of ffinancial statenients. These financial slatements have been prepared in attordan with the provisions applicable to companies subjed to the small rnmpxnie.s' reoimÈ The statement of financial position continues on the following page. Thg notes on pageo 10 to 17 tomi part of these finanGtal statemerts.
Hope and a Future Company Limited by Guarantee Statement of Financial Position (continu8dJ 31 March 2025 Thp.gp. financial s13temenls wère approved by the board of trustees and authortsed for issue on 18 June 2025, and are signed on behalf of the board by= Mrs C Keenan Director Th• on pag96 10 to 17 forni part 0fth financial $tatsmentG.
Hope and a Future Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operallng actsvits'es Net expenditure 112,766) {27,758) Adjustments for. Depreclatlon of tangible fixed a$SS Accrued lincomellexpenses 11.397 {1.0311 11,553 1.378 Changes in.. 8iu6ks Trade and other debtors Trade and other creditors 26 4.696 19.0341 16.7101 16,7101 (1,496) (1.58n 10,263 17,64n (7,64n Cgsh generated frDm 0ratIonS Net cash used in operating activities Cash floTrA* from investing adivitie¥ Purchase of tangible asseis Net Ga5h used in investing actmltes (4,863) (4,863) Cash flows from financing activrties Proceeds from borrowings Nel G3sh used in finan(ing atttivtli (24.1111 (24.1111 (17.9)2) (17.9)2) N•t docr•as• in cash and ¢a8h oquivalènts Cash and Gash equivalents at beginning of ypar Cash and Gasli equivalents at end of year (30,8211 33,570 130,412) 63,982 2.749 33,570 Thè notss on pages 10 to 17 lomi part ol these financial statements.
Hope and a Future Company Limited by Guarantee Notes to the Financial Statemènts Year ended 31 March 2025 GÈnoral information The Gharty is a public LÉnefft entty and a private o)nipaiiy lirnited by 9uaiarilee, I¥ylblEi¥d iii Northern Ireland and a registered charity in Northem Ireland. The address of the regislered office is 7 New Street. Randalstown. County Antrim. BT41 3AF. Statement of compliance These financial statements have been prepared in compliance with FRS 102. The Financial Rppt)rting qt2ndArd applicable in the UK and the Republic of Ireland,. the Statement of Rccommcnded Practice applicable to charities preparing their accounts in aGcordanGe with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 102) (Chanlies SORP IFRS 102)) and the Companies Act 2006. A¢¢ounting policie3 Basis of preparat.ion The finanrial qt2lp_me.nls have been prepared on the historical cost basis, as modified by the valuation of ccrtain financial a8sel8 and liabilities and investment properties measured at fair Viilue Iliwvuyh incoTne or expendtture. The financial statements are prÈparpd in slp.rling. which is the fiinctional currency of the entty. Going concern There are no malerial unc£rtainties about the charity's abilty lo continue. Judggmontg and kéy ¢outcgE of estimation uncertainty The preparation of the financlal $iements requires management io make iu¢Jgemenls, estimates and assumptions that affe(X the amounts reported. These estimates and judgements arp. rnntiniJ>lly re.viewed and are based on experience and other fgctors, induding axpgclations of fulurc cvcnts that a believed to be reasonable under the cirGumStans. Fund accounts'ng Unrestricted funds >r• avaiiabla for uso at thè discretion of the trUee. lo furthcr any of the charty's purposes. Designated funds are unrestricted funds earniarked by the dirÈctor frjr partirJil8r fvrture projed or commitment. RebliiLted funds are subjecteil to restrlciions on their expendrture Oedared by tne Uonor or through the terms of an appeal. and fall into one of two sub4asses: restricted income funds or Èndowmgnt fiJnd 10
Hope and a Future Company Limited by Guarantee Not@s to the Financial Statements {eonlpntsedJ Year ended 31 March 2025 Aeeounting polici•s (eontsnu) Incoming resources l incoming soUrceS are induded in the statement of finanaal activities when entitlement has passed lo the charity.. it is probable that the ecnnomic beneffts associated with the transaction Y4ill flow to the charity and the amount Gan be reliably measured. The following speofiG policie¥ are applieu lo particular categones ot Income". income from donations or grants is recognised when the 1$ eviden¢¢ of entitlement to the gift, reIpt is probable aiid ils aiiiouiil can be IiiediTruied ieliably. legacy in¢ome is recognised when reIpl is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical 10 measure reliabty, In which case the value Is Uerweu from the cost to the Oonor or the estimated resale v8luÈ_ Donated faulities and gervices are recognised in th accounts when received rf the value Gan be reliably measured. No amounts are induded for the Goiiliibulioii of geiièial voluiileeis. invrne from cJ)ntracts for thÈ gupply of servicÈs is rÉgn1Sed wrth the delivery of the contraded 8ervi¢e. Thi8 is dassified as unrestricted funds unle33 there is a contractual requirement for It 10 be speni on a panicular purpose and retumed rf unspent, in whlch case it may be regarded as reslncted R•8our¢g¢ oxpgndgd Expendttuie 15 recogllised on an accruals basls as a Ilablllty Is Incurrecf. Expendf(ure IncltJdes any VAT which cannot be fvlly recovered. and is classified under headings of the statement of finanetal aelsvitiès to which il relates: expenditure on raising fvnds indudes the costs of all fijndralslng actlvllles, events, non-charitable trading activities. and the sale of donated goc*Js. expenditure on charitable activtties indudes all costs incurred by a charity in undertaking actlvftles Ihat Iunher its charitable aims for the benefrt of its beneficiaries, induding ihose support Costs and costs relating to the govemance of the chanty apportioned to charitable activities. Olher expenotture Includes all expenditure Ihai is neither related to raising funds for Ihe charity nor part of its exrenditure on charitable activilies. All costs are allocated to expenditure eotegories refiectin9 the use of the rcsourcc. Dircct costs 8111 ibuliibl¢ Iu <1 biJiyle clLrtivity are allocated diiectly to that activtty. Shated cx)sls are apporttoned between the actNities Ihey contribute to on a reasonable. juslifiable and consislent basis. Tangiblo as80ts Tangible asseis are initialty recorded ai cost, and subsequentty slated at cosl less any accumulated depreuation and impaiment losses_ Any tangible assets e2rriÈd at rp.v3liJp.d amounts are recorded at the fair value at the date of revoluation less any UbsCquent acGUtnulated depieoatioii ajid subs¥qwiil <alTIU1Ied ilwlpciiiiwienl losses. 11
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements {tOilij Year ended 31 March 2025 Accounting poliei• (e¢)nbhu•dJ Tan9ible assets (conunueuj An increase in the carrying amount of an asset as a result of a rev21iAation. iq rPrA)gn1.d in othpr recognised gains and losses, unless it reverses a charge for impairment that has previously been iect44iiLbetl as ¥Apewidiluie willii¥i the statement of finan(ial activities. A decrease in Ihe catrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, exp1 to which il offsets any previous revaluation gain, in which case the loss is shown wilhin other recogni8ed 9ain8 and losses on the statement of financtal aGtivitie3. Depreciation Depreciation is ealculaled 50 as to wrtte off the cost or valuation of an asset, I$ its rIdual value, over the u3eful economsc lrfe of that asse as follows.. k5uildings Fixtures and fittings Motor vehicles Equipmenl 4 /0 Straight line ?OO/o Strgioht line 20% slrai9ht line 2iY/o slraigm Ilne ImpaimiÈnt of fixed assets A review for indicators of impairnient is carried out at eaGh reporting date. with the coVerable amount being estimated where such in(Jicaiors exisi. Where ihe carying value exceeds the recoverable amount. the asset is impaired accordingly. Prior ImpaientS are also reviewed for possible reversal at each reporbng date. Fvr Lh¢ yuiptAseb vf impdirment testing, when il 15 not P055ible to e51imale the reverable amount of an indNidual asset. an estimate is made of the recoverable amount of the e2qh_gpnergtino iinit to which the asset belongs. The cash-generating unit is the smallest identifiable 9roup of a33el3 that indudes the asset and generate5 Gash inflows that largely independent of the cash Inflows from other asseis or groups of assets. Fnr impairment testing of gtMt*vill. the goodwill acquired in a business combination is. from tha acquisition dale, allocated to each of the Sh-general1ng untts that are expected to benefrt from the synergies of the comblnaiion. IrrespeaNe of wheiher other asseis or liabiillies of the charity are assigned to those units. Stoeks SlIKks are measured at the tower of cost and estimaied selling price less costs to complete and sell. Cost indudes all cosls of purchase. costs of conversion and other costs incurred in bringing the stock to its present location and condrtion. Financial instrumeiits A financial asset or a financial liabilify is recnonisÈd onty whpn thp. th2Tify becfjmes g paty to the eonlractual provisions of the inEITumenL Baslc flnand31 Insinjmems a inrtialty recogniseil ai the amount receivable or payable induding any related transaction costs. 12
Hope and a Future Company Limited by Guarantee Notes to the Financial Statemènts Year ended 31 March 2025 Aeeounting policies {eontinu•d) FinanGial instrumeiits {conunueaJ Current assets and ajrrent liabilrties are subseqilg.ntty mp.siJred at the Cash or othèr consideration expected to be paid or receNed and not discounted. Debt Inslrumems are subsequenuy measured * amonised Cost. Where investments in %harp.8 Arp. piJblirJy traded or their fair value can otheThvise be measured reliably. the investment IS )ubCquel1t1Y measured at fair value with changes in fair value reGognised iii incoiii¢ orid expendilure. All othei sh inveslments are subsequently measurea at cost less impairment. Other financial instruments, including derlvativos, are inÉtialty recognised at fair value, unless payment for an asset 1$ deferred beyond nomal business tefflis or fiiianctxl al a rcile ul iiileiest thai Is not a markei rate, in which case Ihe assel Is measured al the present value of the future payments discounted at a market ratp nf inlp_rp.st for g similar debt instrument_ Other financial instruments are subsequenlty measured al fdir value, wtth any changes recognised in the statement of financial activrties. wrth the exception of hedging instruments in a designated hedging rÈlationqhip. Financial a$set3 that are measured al Gost or amortised cost are reviewed for objeclive ¢videii of irnpaitTnerrt at the end ol each reporting dae. If ihere is obiectsve evidence ot Impaimient. an impairment loss is recognised under the appropriale heading in the statement of financial adivi11g.8 in which the initial gain was recognised. For all equty instruments gardleSS ol siyiiiflLdW?, dnd olher financial assets Ihat are in¢Yividually significant, these are assessed individually for impairment. Other financial assels are either assessed individually or grniiped on the basis of similar credit risk characteristicg. Any reversa15 of impairment are re(x)9nised iiriiriedialely, lo the extent that the reversal does noi result in a carying amounl ot the financial asset that exceeds what the carrying amount would have been had thÈ impaimip.nt not previously been reeognised. Limited by guarantee Tne company is a company limited by quarantee and il does not have a share capttal. Every director being a member of thg Exocutivo ComrnTttee undertakv to contribute to the assets of the Company. in the event of the Same being wouiid uy wliile he is a rnember. or wtthln one year after he ceases io be a member. for payment ol debts and liabilrties of Ihe Company contracted before he aSe$ to be a member. and of the cnstq. rth3rge% and expensès of winding up, and for the adjustment of rights of the contributions among Ihomselves, suth amount as may be required not exceeding £1.00. Donations and legacies Unrestricted Totsl Funds u11rSld Total Funds Funds 2025 Funds 2024 Grants Grants 8,125 1.000 13
Hope and a Future Company Limited by Guarantee Notes to the Financial Statem@ntS {r•nkniwd) Year ended 31 March 2025 Othor tradino activtties Uiireslriiled Total Funds Uiii¥stsiLiE(l Totiql Fund5 Funds 2025 Funds 2024 Grft Aid Donations Charity shop income Recycling receipts 615 39,373 300,883 632 615 39.373 300,883 632 41,482 304,491 2,276 41,482 304.491 2,276 348.613 348.613 341,603 341,503 Expendtture on charitsble aclivities by fund type Unrestncte(l Total Funds Unrestrt¢ted Total Funds Fiinds 2025 Funds 2024 Charitable expendiluie Support costs 58,452 309,052 58.452 309.052 77.774 292.487 77,774 292.487 367.504 367.504 370.261 370.261 Expenditurè on charitable activities by activity type A¢tivitie3 undertaken direcuy Support Total funds costs 2025 Totsi funu 2024 Charitable expenditure Govemance cosis 58,452 309,052 77,774 292,487 3(P3.052 56,452 309,052 367.504 370,261 Net expenditure Net expenditure is stated after chargingl{crediting): 2025 2024 Depreciation of tangible fixed 2ssets 11.397 11,553 10. Ind•p•ndont oxamination fees 2025 2024 Fees payable to tho indepondont examiner for.. Independent exaniination of Uie filialal blaleiiiviiis Olher finanual services 8TJ 2.725 3.600 875 2.725 3.600 14
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements (eontsnu*d) Year ended 31 March 2025 11. Staff costs The total slaff costs and eniployee benefits foi Ihe repJlin9 p&iod ale aiicilybed db ftjlluws." 2025 2024 Wages and salaries 227,061 190,681 The average head count of employees during the year wa5 13 (2024.. 15). The average number ol full-time equivalent employees durinq the year is analysed as follows.. 2025 No. 2024 Nuiriber uf sltiff - Management Number of staff - Sur)port Staff 11 12 13 15 No employee received employee benefits of more than £60.000 durina the ye2r12024.. Nil) 12. Trustee remuneration and expense? No Trustees received remuneration or other benefits from the Company. 13. Tangible fixed assets Land and Flxiures and buildings fittings Molor vehides Equipment Tot31 Cost At 1 Aprll 2024 and 31 March 2025 208.2C6 18.430 2.087 232,527 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 76,IC 0,328 2,246 5G1 13,114 2,376 1,535 132 93,001 11,397 84,434 2,807 15,490 1.667 104,398 Carrying awnount At 31 March 2025 123,772 132.1th) 997 2.940 420 128.129 139.526 At 31 March 2024 1.558 5.316 552 14. Stocks 2025 2024 Raw materials and consumables 2,698 2.726 15
Hope and a Future Company Limited by Guarantee Notes to the Financial Statements iconliftue Year ended 31 March 2025 15. Debtovs 2025 2024 Prep8ymp.nt8 ArrnBed income Other debtors 338 1.494 2,223 4,305 1,832 6,528 16. Creditorn: amounts falling due within one year 2025 2024 Bank loans and overdrafts Trade creditors Accruals and dp.fp.rre.d inefjme Social security and other taxe$ Other uediLoib 7,026 3.520 900 2,977 4,581 19,S33 3.662 1,931 5,4G2 10,988 19,004 41,576 17. Credltors: arnounts falling due after more than one year 2025 2024 Bdnk loans and overdrafts 11,604 18. Analysis of charitable funds Unre3tri¢ted funds At 31 March 20 26 At 1 April 2024 Income Exponditura Geneial luiidb 121,102 354,738 (367.>04} 108.336 At 31 March 20 24 At 1 April 2023 Incotne Expendilure General funds 148.86A) 342.503 (370.2611 121,102 16
Hope and a Future Company Limited by Guarantee Notes to thè Financial Statements iconlinuedj Year ended 31 March 2025 18. An2lyig of charitsbl• fund8 i¢ontsutd) Restricted fund¥ At 31 March 20 25 At 1 April 2024 Income Expenditure ResIned Funu i 8,(8 8,068 At 31 March 20 24 At l April 2023 Income Expendiiure Restrided Fund 1 8,C68 19. Analysis of changes in net dobt At At 1 Apr 2024 Cash flows 31 Mar 2025 Gash at bank and in hand Debt due within one year Debt due after one year 33.Jf70 {19.533) {11.604) 2.433 (30,821) 12,507 11,804 2,749 {7.026) 16,7101 {4,277) 17