Charity registration number.. 102698 Hope 4 U Foundation Annual Report and Financial Siatements for the Year Ended 31 Dcccmber 2024 Thomas Oliver and Associates Limit¢d Certified Public Accnuntant l Moygashcl Mi115 Park Dungannon Co Tyrone BT717DH Hope 4 U Foundation Contents (continued) Reference and Administrative Details Truste¢s' Report 2to5 Statement of Trustees, Responsibilities Indep¢ndeni Examinels Repon Staiement of Financial Activities 8109 Balance Sheel 10 Notes io the Financial Statemenis 11 to 21 Hope 4 U Foundation Reference and Administrative Details Trustees Mr Colin Cooper Mrs Linda McLaughlin Mrs Lorna Jameson Mr Len Keys Mr Fred Maxw'ell Mrs Flelcn Morrow 102698 CbaTity Registration Number Principal Offiet Courthouse Clogher 49 Main Strcet Clogh¢r Co 1)rone B T76 OAA Independent ExamiDer Thomas Oliver and Associates Limited Certified Public Ae¢ouniarti l Moyg85hel Mills Park Dungannon Cts Tyrone BT717DH Page I Hope 4 U Foundation Trustees, Report The truste¢s present the annual report together with thc financial siatem¢nts of the ¢harity for th¢ year ended 31 De¢etnber 2024. Objectives and activities Objecls and aimy The obj¢¢ts of ihe Foundation are as set out in the tNst deed..- I Assisting people (without prejudice io any) Ivho are in need or are sunering hardship because ol. their soci81. personal or economic Circumstances including (though not by ¥vay of limitation) throuoh the provisions of social care, such ￿ advice. counselling and childcare the provision or use of items of b2sic necessity Ihe provision of help and advice w persons in need in relalion to d¢bi and personal financial m￿lageMent, i¥eifar¢ bcnetiis. accommodation and homelessncss and similar matters. pr()moting the preservatitsn and protection of health and particularlv (though not by way tsf limitarionl lo provide adi'i¢e and education into the dangers of dn]g, alcohol or other substance addiction or abuse promoting the rehabilitation of persons affeLled bv dwg, alLohol or other sub5tanLe addiction or abuse relieving persons who are experiencing mental or emotional suffering and ro relieve distress &850¢iated thereivith, including by means of proi'iding advice. counsel, zssistance and support to such persons the provision of spiritual help. support , advice, education. personal praver and encouragement in relation lo any of the above or otherwise. 2 The advancement of the Christian faith including { though not b)1 the way of limitation) through the provision of places of ii'orship 3 The provision of recrea¢ional and wrnmunity facilities in the interests of social welfaxe and cohesion Page 2 Hope 4 U Foundation Trustees, Report (continued) Public benefit The foundaiion operates 8 communitj, c.hristian Outreach Centre b&sed in the old C.ourthous¢ building in C.logher, serving the ctsmmuniti, of ihe ii'iller Cloghcr Valley area. Our Lore ailivilies during the year M'ere Providing a community meeting place M,here locais can Tel￿, enjoy tood and social engagement. in a coffee shop enkironment Providing M'elfare services through the provision of cooked meals at significanily reduced prices io individualslfamilies in limes of crisis and in 5¥vei'e financial need. Providing free food to individualsltamilies in particular times of crisis or need. Hosiing a fortnightly men's bible studv and fellowship group ProvidinE a space for young adults (18 +1 to so¢ialise in an environmcnt free from alcohol or drugs Providing a free parenl and ioddler group, a club for primary School ehildren and a group for relirees Providing pastora] car¢ (and onward retcrral lor professional helplcounselling ivhere appropriatel lor those suffering from drug and alcohol abuse. relaiionship breakdown, anxietv, depression and Suicidal thoughts The provision of free tood/vou¢hers to individualsltamilies in need conlinucd io be a very important aspect of the charity's ¥vork. The 'cost of living crisis, rcplaced covid as the key contributory, factor to financial hardship The ¢oftec shop continued to prove a vital neutral space lor the locgl community. both in ternls ot some￿,here to socialise and 8150 acting as an access paint to the other se￿1]ceS the charity providcs. Price rises in the ¢offee shop vere kept io a minimum and the associated costs Ki¢re absorbed bj, Ihe chariry in an effort io continue 10 provide reasonably priced food for the local community. 'I'his wa5 a deliberate decision by the trustees: as increased prices in thc coff¢¢ shop would have prcvcnted some I"amilics trom bringing their children in, Ivhich in turn increases so¢ial isolation, mental health issues etc Poge 3 Hope 4 U Foundation Trustees, Report (eoDtinued) The benefjciaries and how they benefited from the Core activities{￿ listed abov¢) The community meeting spacelcoffee shop ivas open on Thursdays and Fridays, and in addiiion ir was Inanned for a minimuin of a further two da>'s per il'eek which enabled the ¢oiiJinunity to access the oiher services. It Lontinues to be used ab a social meeting place by ihe eniire community irrespeLliv¢ of group. gender, social starus or religious background. There is seating capacitv for approx. io people. It ¢oniinu¢s to provide the older generation in the lo¢al rural community ivith a neutra] meeiing plac¢ ivhere they ¢an meet up ivith neighbours and friends in a relaxed alm05phere. During the year free food and ftsod vou¢hcrs io the ￿a]￿e of appr()x. £ 18.000 wa5 distributed to families in need in the local community. The demand for the in-house professional ¥ounselling servic¢ remained high. We had two full), train¢d & accrcdited ¢ounsellors see p¢ople by appoin¢mcnt tor a tull day every iveek. Recipients lol. all ages) received help iviih issues such as addictions, ankiety. depression, relationship breakdo1￿ and loss. The charity receives counselling referrals through a number of agencies as ihe waiting ti￿eS are only a fraciion of those in the NHS. A number of different s¢hools{froTn both seclors) Irfer children to the counsellors The group f4)r retirec5 continues to grow, w'iLh a consi51eni attttndanLe of ii-60 ci.'ery month. from all sections of the communitv. The free 3-course lunch ensures thai those who live alone get a nuirititsU5 m¢al, as many of them admit to not cooking much when the). live alone. The short prograrnme afiernvards helps inforn them of important practical issues such as hotne & fire security. maintaining pliysical & mental health etc. The use ot a community bus from Q4 onivards opened up the opportunitv for those with limited mobility or with no tr￿spOrt to attend. This has been a valuable addiiional service particularly for ihose in more rematc rural areas Ai Chrisimis: the charity distributed apprnx. 5a free hampers in the cnmmunity, f()eu.5ing (>n the elderly, the isolaied or those struggling with wider -life issues,. Some of these were in Irsponse to referrals from local Social Workers. A number of speLial comrnunity events were hosted during th¢ year, this included a free family fun night and the now annual pre-christmas event. These cvents attracted over 500 pcople from the local community and the fact that everything iva5 free ivas greatly appreciated by parents Mih(I were already feeling ihe impact of the 'cost of living crisis,. Folloyving the suc¢e55 of the addi¢t&on course in Q4 2023 a Further 10 M'eek coursc for those stNggling 'ith alcohol and drug addiction ￿'8S hosted during the vear. This provided practical help in identifying, undersLinding and fighting addictÉon. Restriction5 OR who could benefit There were no restriciion5 as to who could berL¢fit from the charity's servi¢e5 during the year. Promotion of the ommunitv food prograrrjme w&s obi'iou51y targeted t014'asdb loiv¢r income families and those in a55ociated financial nced. however ihere were no resirictions ￿ to who ¢ould benetit. Mitigation re harni flowing from Charity's purposes Our staff are tralned and moniiored against the food hygiene standards as documented in the 'Safe Catering Plan, publish¢d by the Food Standards Agency. This miligales dny poteniial M'hich could arise from the provision of tood to the public as part ot the Foundation'5 PUIPOscs. Our adhcren¢e To these standards is also monitored by the local Environmental I lealth Dept. Our current food hygiene raiing giv¢n by Environmental l-lealth follom'ing our last inspeotion ivas a '5- the high¢5t rating available. Page 4 Elope 4 L,, Ftsundation Trustee5' Report {coIitinued) Pris'ate benefii Llnt of rhe [rU￿￿¢S. Lell Kis> pro%'ide5 m3nap¢rn¢nT cLinsiiliiln¢v scn'ic¢5 10 lh¢ found2tion on a s¢if-emploi'¢d basis, and b¢¥ause he 1> supponil'e of rhe obj¥Cli%'¢S of the eharilk. he p.'ovides his S¢ri'ic I'ilal iu Ihe loundalion beino able 10 2e1iiLve it's objtllTie5. He ljas approx. ?O%'rs Nqaii", '4lll¢lll LIp￿rIenc¢ in N'arious scnior roles ii'iih a hiryli streei ¢ianL. mic iervices h¢ proN Ides for rh¢ foJndaiion i.4cliidLS.' d3% ro dk¥ nianaLiminl o! itaff. pa% roll. slock tt)ntrol. ordering upplies. m2nd£ing maint¢nan¢e ol. Iho biJilding &, equipincni. 7¢ dheienc¢ to lood safeTh, & LnK'Eronminial he" 5rand￿rds. and ¢nsiiring all local auihortN &. rerTulaiorn' rLguiremen15 ar¢ adhifbd 10. Xonc of thc ifJsp¢¥S receii"¢ ali). Tcniuncration for Ihe dischar&ic of¢heir duties as Irusi¢es. Cornpliance wilh ihe Commi55ioo's gutdanct on publit bt#efii In settinn our objeciiv¢s and planniiig our aiiil'ilies for ihe ¥'¥ar cndin41 i I si r)ccember ?O?J. Ihe inisie¢$ ha￿¢ ￿1Ven arLful ionsider&ilion lu In¢ Chdrit} Commission for XorthLrn Ireland's nuidancc on public bLttcfit lo ensure lh¢ .l¢lll'Tfics h¢ll.¢ hclped 10 achi¥i'¢ Ili¢ ¢hariTh s PUI'PQSi> aiid pi(>i'ide a b£nefii ro thL ben¢ficiari¢s Tn¢ annu￿?1 r¥POrt was apprutr'¢d b!. the Efusiles ofilie cliartil" on l? OLiob¢r ?O?i and sIgned on lis b¢half ￿.: r l.en ke TrllsiLe TriJ5t¢¢ Ilope 4 L:. foundation Statement of Trus¢ees' Respunsibililies Th¢ inisiees aTL responsibl¢ for pr¢parint lh¢ inisteE5' repon and ihe linin￿121 siaiements in aecordanc¢ iiith tije L.nii￿d Kingdom ..IcLouniinfT SiandArds ILnti¢d kinbjdom G¢neralli' Accepted .4c&ouniin? Prnciic¥l and applicabl¢ laii r¢&uldliviis. The lam, applicable 10 chariiies r¢quir¢s th¢ iruslLcs 10 P-,¢Pl4 rc financial Stateménts fnr each IinJD.fl411 }'ear whiih gil-e a In:¢ and fair i'iei4' of Th¥ 5r31e ol alt'airs of the ch.:I'jni ol. thc iniiiiiiintt resourcc5 aiia appli¥aTiOli of re50uriis ofthe iharii* for Ihai pericd. In prtp&rinr> these fiii.InLial siaiemLnt.4, Ihe tru51ees are required io.. %¢IL%l suiiabl¢ Jccouniiriii > poliric5 and Ihcn appl!. Ih¢tll ￿on￿lS1¥nilk. obserk¢ Ilie meihods and tirinciples in In¢ CliarT[l¥￿ SORP.. niake judff¢mLnis lln￿ ¢511triaies Ihai ore rea5011able ana prud¢ni.' 5Laie ￿.he[her applicable accountint si&ndards h2¥e b¢¥n folloi%'ed. subjeci 10 ani n)aicrial depaTturcs di5clos¢d and elp￿ained in InL fin2n¢iul si2itinop.i%'. and prepare Ihe linancial siai4nieni> on thL ￿0)ng coiiccrii basxs unless li is snappropridic io presume th2E the charii%- 4111 continuc in busine45. 'Ihe Iru51Le5 are respoI?sible for keeping propir aLiOUliiinQ rccords Ihknql disclo&e 1% IEI) reLsonabl¢ accuracy ai time ihe financ1￿￿1 PO%ilion o(:h¢ ¢hirin' and enabli Ih¢m 10 tinsiire :hp.r IhL financial sialcffttnis ronipl!. Ib'ith ihe ChJriries .4¢1 {Xlonh¢rn IrLlandl ty008. Ihe appliLabl. Ch4rilie$ 1.4¢¢uunis and Repon.s) Rts"u121ions. and the Pro￿151￿￿# of rhe COliSiilu(i0i1. 'fh¢ rrdsici5 are also responsible for 5af¢ftuJrdino Ilie qkn5Si15 of Ilie LhariiN' and hLnc lor iak-tiig iea>onab5e sieps for Ihc Prc￿¢￿tion and d¥i¢¥(ion Llt. fraud and oih¢r irrcgulaTilirs. ThL Ifu51iLS #re rcspoiisibll for Ili¥ llidiniendn¢4 and Inle￿ riTh of ihe corpordte and finon¢i31 infom31ion .'neluKlcd on t17￿ iliari13EJlL compan1 5 I1.cb5iie_ Lc2151arion goi-cniinE ilie pr¢paTaLion and di$5cmin41ion of finaneial siaieineiiÉS m3¥ dificr frotn l¥"islariDn in oili¥', 4pproN'ed bl. ￿lL IrEISI¢¢s oi (he ehariil. on ?? Oriober I0* % und siTrned (lii 115 b¢haifbi": Ir LLII Kc .1 I'usioe Ir Fred Maxu'ell TnisieL Hope 4 U Foundation Independent Examiller's Report to the trustees of Hope 4 U Foundation repon to the trustees on my examinaiion of rhe ac¢ounts of Hope 4 U Foundation for the year ended i l Dec¢mber 2024. Responsibilities and basis of report A5 the charity's tnjstees of Hope 4 U Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act {Northem Ir¢landl 2008. It is my responsibility lo examine the accounts under section 65 of the Charities A¢t folloiv the procedures laid in thc generkl Directions given by the Commission under section 6i(9)Ib) of the Charilitt& Acl state wh¢ther particular matt¢rs have Come to my attention Basis of independent examiner's report I have examined your eharity accounts as required under scction 6) of the Charities Aci and rny examination ivas carried out in accordan¢e iviih the general directions givei) by the Chai'ities Commission for Northern Ircland under section 65191(b) of the Ch#rities ACL My trxamination included the revieiv of the accouniing records kept by the charity and a comparison ot the accounts pres¢nted ii'ith those records. It 2150 included consideration of any unusual items or disclosures in the a¢¢ounts, and seeking explanations from you as ¢hariiy trustees concerning arty such matter5. My rol¢ is to ￿ate whether any material mallers hav¢ come to my ait¢niions giving me cause ro believe-. l That accounting records were not kep¢ in accordance ivith section 63 of the Charities A¢1 2 That the a¢counts do not accord ivith those accounting r¢¢ords i That the accounts do not comply with the accounting requirements of the Charities Act 4 Thai there is further infonnation n¢eded foT a prLiper underslanding of the accounls io be rea¢hed. ItthdepeDdent examlner's statement I have ¢ompleted my examination 2nd hav¢ no concems in respect of the matters (I I to (41 listed aboN'e and. in connection iviih Ihe folloiving Directions ol- the Charity Commission for hTonhern Ireland. I have found no matters Ihai require draiying io your allcntion. omas Oljiller and Associaies Limiled C¢rtified Public Accountant l Moyga5hel Mills Park Dunglie Ihe no¥¢S on paoes 1 l EO ? I romi ift iiiiL'.ril p.In o? fI￿a￿¢v&1 siaiLm¥nL%. Hope 4 U Foundatio Notes to the Financial Statements for the Year Ended 31 December 2024 l Aecounting p(>licie5 Statement of complianee The linancial statemcnts havc been prepared in accordance il'ith Ac¢ounting and Reporting by Chariiie5.' Siaicmcni of Re¢ommended Practice applicable io charities preparing their accounts in accordan¢e with the Financial Reponing Standard applicable in the UK and Republic of Iieland (FRS 102) leffeciive l Januar). 201 il - (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} and the Charities Act (Nonhem Irulandl 2008. Basis of preparation Hope 4 U Foundation meets the definition of a public benefjt entity under FRS 102. The accounts (financial Slatem¢nt51 hdve been prepared under the historical cost convention ivith items recognised ai cost or transa¢iion value unlcss otheThvisc staicd in the relevani noicls) to these account5. Going coRcern Tlie trustees consider that there are no material uncertainties about the charity's ability to ¢ontinue a5 a going concem. Intome arjd endowmeDts VoluntarJ' income including donations, gifts. legacies and grant5 ihat provide ¢ore funding or are of a treneral nature l5 recognised ivhen tl)e charity has entitlemeni to the income. it is probable that the income will be received and the amount ean be ￿easured with sufficienl relidbilily. Donoieons qnd legacles Donations and legacies are recognised on a receivable basis iyhen receipt is probablc and Ihc amount can be reliably measured. Grunl.g receivttble Cirants are recogni5ed ivhen the charity has an entitlement to the funds and any conditions linked to the grants hai'e been mei. Where performanc¢ conditions are attach¢d io the grani and are }'el 10 be mel, lh¢ incom¢ is recogni5ed as a liabilitv and in¢ludcd on ihe balanc¢ shcct as deferred incomc to b¢ rcleased. JNvesrment ineome Dividends are recognised once the dividend has been declared and notification has b¢en r¢¢eived of the dividend due. Expellditure All e.¥pcnditure is recognised once thcr¢ is a legal or constructive obligation to that expenditure. it is probable Stttlement is required and the amount caft be measured reliably. All cosis are allocated lo the applicable eNpenditure heading thai aggregate similar eosis to that fjategory. Where costs cannot be direcily anributed to particular headings th¥y hai'e be¢n allocdlvd on J basis conslstenl iviih the us¥ of r¢50urLes. w'ith Lenlral starr cosis allocated on lh¢ basis of time spcnt. and dcpreciation chargcs allocated on the portion of th¢ a55Ct's usc. Othcr suppon cosis are allocated b&s¢d on the spread of staff COSES. Page 11 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (Continued) Rftisirtgfund.Y These are cost5 incurrcd in attracting voluntary income, the management of investments and those incurred in Irading aciivilies thai raise fund5. Governance eosts These include th¢ costs attributable to the ¢hariiv's complianee ii'ith constitutional and statutory r4uir¢ment5, including audit, strategic managemeni and tru51ees meetings and reimbursed ¢xpenses. Tkxatio The charity. is considered to pass the tests Sei out in Parngraph I Schedule 6 of the Pinance A¢t 2010 and theretore il meets th¢ definition of a ¢haritable company for UK corporation lax purposes. Accordingly, the charity is poleniially exempt from taxation in respeci of income or capital gains received M'ithin categories cokered by Chapl¢r 3 Part I I of th¢ Corporaiion Ta¥ ALt 2010 or Section 256 of th¢ T&xation of Chargeable Gains Act 1992, to the extent that such income or gains are applied cxclusii'ely to ¢haritabl¢ purposes. Tangible fixed %$5ets Individual fixed ￿se[S costing £liO.00 or more are initially recorded at cosL less any subsequenl accumts12ted depr¢¢iation and subsequent accumulaied impdirment losses. Depreciatlon #nd amorti5ation Depreciation is provided on tangible fixed a%sets so as 10 wriie off the or valuation, les.% any estimat¢d residual value. over Iheii. expected usefijl economic lite as folloivs.. Stock Siock is valucd ai thc loiier ot cost and es(irnatcd selling price less ¢osts to complete and sell. atter due regard tor obsolete and slou, moving stocks. Cost is deterniined using the first-in, first-oui {FIFO). Trade debtors Trade debtors ar¢ amounts due fr(>m customers for nerchandise sold or services perforrned in th¢ ordinary course of business. Trade debtors are recognised initiall). at the transaction price. They ar¢ subsequently measured at amortised cost uying the effective intercyt meihod, less provision for impairment. A provision for thc impairmeni of trade debtors is established when there is obje¢tive evidence that the charity will not be able to ¢ollect all amounts due according EO the original iern)s of the receivables. Ca$h and ea5h equivalents Cash and ¢ash equii'alent5 Comprise cash on hand and call deposi15. and other short-tenn highly liquid investments thai are readily convertible to a known amount ol-cash and are subje¢i to an insigniticant risk of change in value. Pa8e 12 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Trade creditors are obligdtions 10 pay for goods or services Lhai have been a¢quired in the ordinury course of business from suppliers. Accounts payable ar¢ classili¢d as current liabiliiies it ihe does noi have an uncondilional righi. at the end of the reporting period, to defer settlemeni of the creditor tor at least ttvelve months atier Ilie reporting date. If there s an unconditional right to defer settlement for at least twelve months after the reportin2 date, they are presented as ncln-current liabilities. are recognised initially at the transaciion price and subsequently measured at amortis¢d cost using the effective interest Ineihod. Borrowings Inierest-beallng borroivings are initially recorded at tair value, net ol. transaction costs. Interest-bearing bo￿0%￿.1ngS are subsequently Ca￿led at arnorti.led cost. M'ith the ditference between the proceeds: net ol'tran8a¢tion cctr.%tg, and the amouni due on redemption being r¢cognis¢d as a charge lo the Stsliement of Financial Aciivities over the period or Ihe relevant borrowing. Intere.%t expense is recognTs¢d on the ba818 af the effective Interest method and is included in interest payable and similar charges. Borrowings are classified as curreni liabilities unless the charity has an unconditional right to defer settlement of ihe liabilitv for at least N'elv¢ months after the reporting da￿. Fund structure Unrcstri¢tcd income fund5 are general fijnds that are available tor use ai the tru51ees discreiion in furthcrdnc¢ of the objectives of the charity. Resiricted in¢om¢ funds are those donated lor use in a particular area or for specific purposes, thc use of M,hich is restricted to ihat area or purpose. 2 Income from donAtions and legacies Unrestrfftcted fund5 General Total funds Donations and legacie5,' Donations trom individuals Gift aid reclaimed GranLS, including capital grants- Grant5 from other ¢hai'ities 116,459 12.622 116.4)9 12.622 2,250 2.250 Tt>tal for 2024 Total for 2023 301,934 301.934 Page 13 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 3 Income from other trading activities UNrestrieted funds General Restricted funds Total funds Trading incom¢; Coffte Shop sales Other incorne from other trading actlvilies Totsl for2024 26.582 26. j8? i 0.000 10,000 i 0,000 36,582 Totsi ror 2023 21,689 12,5?5 i4.214 4 Jllve5tment income Unrestricted fund5 General Tot¥1 funds Interest receivable and similar incom¢', Int¢rest receivable on bank dcposits Total lor 2024 3,162 3,162 3,162 i,162 5 Other incotue Unrestrieted rund5 Gen¢Tal Total funds Totsl for 2023 752 752 Page 14 Hope 4 U Foundation Notes to the Financial Statements lor the Year Ended 31 December 2024 (continued) 6 Expenditure oll ralsing fvnds a) Costs of trading activities Unrestricted funds Ge￿eral Restricted funds Tot¥1 funds Ivote Costs of gotsds sold Marketing and publicity DepreciaLion: amortisaLiun and other similar e05ts Other d1￿cE costs of activities for generating funds Total for 2024 20.400 9,281 20,346 43,655 ?0.400 9,?81 20,)46 54.283 9).682 10,628 104.310 Total for 2023 81.491 13.104 94.595 7 Expenditure on eharitable activities Unrestriet¢d funds General Total funds Note Governance costs 1.468 1,468 Total for 2023 1.378 1.378 Page 15 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 8 Aualysis of governance and support ¢0sts Governance ¢05ts Ullrestrieted funds General Tot*1 funds Independent eyaminer fees Examination ol-the financial st&temenis Legal fees 864 604 864 6Q4 Total for 2024 1.468 1,468 Total for 2023 1,378 1,378 9 Net illcomingloutgoing resources Net (outgoing)/incoming resources for the y¢ar include.. 2024 2023 Depreciation of fjxed as5¢1S 20.346 21.997 10 Trustees remuneration and ¢xpenses No tru51ees, nor any persons connecied with them: have r¢¢eived any remuneration trom Ihe charity during the year. No trustees have received any reimbursed expenses or any other benefits fron the charity during the vear. I I St#ff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wag¢s and salaries Other staff costs 43.873 21.)08 24.526 67,li9 65.381 No employee re¢¢ived emolurnenis ofmore than £60,000 during the vear Page 16 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 12 Independent exa]niner's remuneratio 2024 2023 Exdmination of the financial statements 864 570 13 Taxation The ¢harity is a registered chariti, and is therefore exempt from taxation. 14 Txngible fixed asset$ L¥od and building5 Furniture and equipment Total Cost At l January 2024 Additions 436.997 43.568 729 480,565 729 At 31 December 2024 436,997 44,297 481,294 Depreeiation At l January 2a24 Charge tor the year At 31 December 2024 128,797 17.480 25,037 15i,834 ?0,346 146,277 27.903 174.180 Net book valu¢ At 31 December 2024 290.720 16,394 307,114 At 31 December 2023 308,200 18,531 J26.731 15 Stock 2024 2023 Siocks 405 45tp 16 Debtors 2024 2023 Other debtors 46,515 6,034 Page17 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 17 Cash and eAsh equivalents 2024 2023 Cash on hand C￿h ai bank 550 l i6,863 566 ?08.467 li7.413 ?09.033 18 Creditors: amounts falling due within one yexr 2024 2023 Bank loans Trade creditors Other loans Oiher taxalion and Social security Other creditors A¢¢ruals 7,986 7,321 25.000 1914} 264 1.140 1.727 318 672 12,035 19 Creditors: amounts falllng due #fter one year 2024 2023 Bank loans 3.889 Page 18 Hope 4 U FoundatlOD Notes to the Financial Statements for the Year Ended 31 December 2024 (CODtinued) 20 Funds Bal3)nce at 31 December Balante at January 2024 Incomlog resources Resources expended 2024 Unre5tritted fllnd5 eneral 496.757 161,07) {162,309) 495.i23 Restricted fund5 628 10,000 {10.6?8) TotAI fllnds 497,385 171.075 1172.9i7) 495.523 Balance at I January 2023 Balance at 31 D¢ternber 2023 Incoming resourees Resource5 expettded UDTestri¢ted funds General )20.6iO 324.375 (148,2iOI 496.755 Re5tri¢ted fund5 1,207 12,525 (13,104) 628 Tot81 funds 321,8i7 336,900 161.3i41 497,383 Page 19 Hope 4 U Foundation Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 21 Analysis of net assets between fund$ Unrestricted funds General Total funds at 31 Decejnber 2024 Tangible fixed &%sets Current assets Current liabilities Crcdiiors ovcr l year Total nel ass¢ls 307,114 204.333 112,03)) 13,889) 307.114 204.333 112,035) 13,8891 495.523 495.523 Unrestricted fuDd5 General Total fund5 at 31 December 2023 Tangible lixed asset5 CurrenL asseis Current liabilities Creditors over l year Total net w¢ts 326,731 3?6.731 11 215,517 (32.8111 112.0?4) 215.517 132.8111 112.054) 497,)83 497,38) Page 20 Hope 4 U Foundation Noles to the Financial Statements for the Year Ended 31 December 2024 (continued) 22 Analysis of net fund$ At31 Dccember 2024 At l January 2024 FinaneiDg cash fitsws Cash at bank and in hand 209,OJ3 151,6201 157.413 Net debt 209,033 (51,6201 157.413 Page21