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← Hope365

2025-10-31-accounts

Company registration number: NI634605 Charity registration number:NIC 104718

Hope365

(A company limited by guarantee) Annual Report and:‘Financial Statements for the Year Ended 31 October 2025

TB Millar & Co Chartered Accountant & Registered Auditor 6 Doagh Road Ballyclare Co Antrim BTI39 9BG

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Hope365

Contents

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|||||| |---|---|---|---|---| |Reference|and|Administrative|Details|1| |Trustees’|Report|2107| |Independent Auditors’|Report|8|to|11| |Statement of Financial|Activities|12|to|13| |Balance|Sheet|14|to|15| |Notes|to the Financial|Statements|16|to 26|

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Hope365

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Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details
Trustees& Directors Stephen Hunter
Christopher Jamison
StephenHamill
Alistair Bennett
CharityRegistrationNumber NIC104718
Company RegistrationNumber NI634605
Thecharityis incorporated inNorthern Ireland.
Registered Office 6DoaghRoad
Ballyclare
Co Antrim
BT39 9BG
Principal Office 73-75Main Street
Ballyclare
Co Antrim
BT39 9AA
Auditor TBMillar & Co
CharteredAccountant& RegisteredAuditor
6DoaghRoad
Ballyclare
Co Antrim
BT399BG

Page 1

Hope365

Trustees’ Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors’ report of the charitable company for the year ended 31 October 2025. The Trustees confirm that they comply with the requirements of the Charities Act (Northern Ireland) 2008, The Charities (Annual Return) Regulations (Northern Ireland) 2015, The Charities (Annual Return) Regulations (Northern Ireland) 2015 and Accounting and Reporting by Charities: Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

THANK YOU

As I look back over the previous 12 months, I am so thankful to God to see what has been accomplished. As it | was our tenth anniversary we embarked on a year of fundraising activities including mud runs, concerts, Sky Dives, Ethiopian Eating Experiences etc ete 1 am incredibly appreciative of all those who got involved and for all the funds which were raised to help enable us to develop different aspects of Hope365 in Shashemene. Without the wholehearted support of so many people we would not have been able to see such progress. Whether through volunteering in one of our shops, taking on fundraising activities, joining our "Shareholder" ‘ scheme, our "One to One" child sponsorship scheme or our new “Nourish to Flourish” scheme, the message is the same: Thank You! Michael Holmes, ChiefExecutive .

STRUCTURE, GOVERNANCE & MANAGEMENT

Hope365 is a registered charity in Northern Ireland (NIC104718) and a fully licensed International NGO (Non-Government Organisation) in Federal Democratic Republic of Ethiopia (3730).

Hope365 is a company limited by guarantee.

Trustees who served during the year were as follows: Alistair Bennett Stephen Hamill Stephen Hunter . Chris Jamison Chief Executive: Michael Holmes .[[Finance]][[Officer:]][[Diane][ Davidson]][[ Davidson]] The trustees are responsible for the overall governance of the charity. The number of trustees shall not be less than three, nor more than seven. -

_[[Finance]][[Officer:]][[Diane][ Davidson]][[ Davidson]]

TRUSTEE SELECTION, APPOINTMENT & COMPETENCE

When a Trustee vacancy exists, the current Trustees will appoint a replacement or additional Trustee.

EXTERNAL INDEPENDENT AUDITORS.

At the Trustees' Meeting on 21 April 2026, TB Millar were re-appointed as external independent auditors for the period 1 November 2025 to 31 October 2026.

Page 2

Hope365

Trustees’ Report

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

RISK MANAGEMENT

Risk is an everyday part of the Charity's normal activity. The Trustees have considered and identified the major risks to which the charity is exposed and having taken appropriate professional advice have been assured that adequate systems and procedures are in place in order to mitigate or manage those risks.

RESERVES POLICY

The Charity does not have a reserves policy.

PENSIONS

The charity operates a defined contribution pension scheme (which meets the requirements of The Pension Regulator as a qualifying workplace pension scheme) for the benefit of its permanent staff and those who are eligible under Auto Enrolment. The assets are administered by insurance companies in personal pension plans and are held independently from those of the charity. Contributions are charged to the Statement of Financial Activities in the period to which they relate.

STATEMENT OF COMPLIANCE»

In setting our activities and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries.

PURPOSES

Hope365’s purpose is to rescue and care for Street kids in Ethiopia. Our aim is to provide for the physical, emotional, spiritual and educational needs of the children. Our intention is to help each child realise they are loved by God and achieve their potential, being well equipped for adult life and making a positive contribution to their local community and country.

There is no harm associated with the purposes.

BENEFICIARIES

The charity's beneficiaries are:

The poorest children and young people of Shashamene in Ethiopia who are homeless and sleeping on the streets of the city.

PRIVATE BENEFIT

The only private benefit arising in the period was the remuneration of those employed to manage and operate the charity both in Northern Ireland and in Ethiopia. This benefit is incidental to and does not outweigh the public benefit.

Page 3

Hope365 Trustees' Report

PUBLIC BENEFIT AND REVIEW OF THE YEAR

During the period, the charity has continued to provide benefits from its activities as follows:

(i) - At Home

To achieve our objectives in Ethiopia we must generate financial support at home. Our range of finance generating schemes currently includes:

« Our "One-to-One" child sponsorship scheme for reunited Street Kids has increased significantly during the year. ;

¢ The new Nourish to Flourish scheme has had an encouraging start.

« We continue to develop new relationships with Primary & Secondary Schools and continue to use our specially developed resources (KS2).

HOW WE ACHIEVE OUR PURPOSE

(ii) - In Ethiopia

Using the funds generated at home we employ Ethiopian staff (currently 12 people in our original project of Transition Centre and Group Homes, along with 23 staff in our "Hope365 Academy" School) to outwork the objectives of our approved projects in Ethiopia, Our status as an International NGO gives us the scope to consider additional strategic projects as we uncover the core needs. In addition, it allows us to ensure that all key staff who will be working closely with the children in our care should be followers of Jesus. Children are accepted into our care regardless of their faith or ethnicity; however, our projects operate in accordance with the example and teaching of Jesus.

We have developed good relationships with local churches in the regions where we work, to maximize the chances of children continuing to grow in their faith. .

The Hope365 Academy continued to operate from excellent rented facilities. This school project offers all important education as well as school dinners to vulnerable boys and girls in Shashemene including many former Steet Kids. This includes the provision of breakfasts for the children to address the problem of children fainting with hunger in the mornings.

Page 4

Hope365

Trustees' Report

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OUR PROJECT: Transition Centre

“Tesfa Manoriya Bota” (Hope Home) is a great facility which has the capacity to sleep up to 20 boys at any one time. All children are referred to us by Shashemene Women’s & Children’s Affairs in conjunction with the local Police Force.

Tesfa Manoriya Bota is central to our project as it acts as the starting point in a journey of hope for street boys. There are two strands to our Project Proposal.

(i) Long term care for Street Kids who have no one able to care for them.

(ii) Reunification of Street Kids with extended family members.

The staff team have come together well throughout the year and have created a very loving environment for all the children, whether long term or shorter term. A variety of techniques including play therapy, drama, art therapy etc. are used by our staff to help unlock the backgrounds to the traumatic stories of each of these individual children. All children have full medical check-ups and enjoy a well-balanced diet, showering facilities and new clean clothes.

Strand 1: Long term care.

When children are referred to us by the local government we assess each individual case to determine the best possible long-term plan for the child. Our staff team includes a psychologist, social worker, counselling staff, nanny’s etc. as well as experienced project managers etc.

GROUP HOMES

Where there are no family links, or where reunification with extended family is not possible, we will form "Group Homes". These replicate as closely as possible a traditional family environment with our specially trained live-in nanny’s and up to approximately ten children. The children all attend school and church and essentially grow together as a family as part of the local community, thereby eliminating any stigma of “institutional care". We currently operate 3 Group Homes and thanks to being able to move into bigger facilities we are now able to care for a total of 35 orphaned children.

The homes have been operating very successfully with all the boys having a very stable environment. We now have access to a new compound and all our Group Homes are located in this compound We have trained and employed house parents to live with, and care for the boys. In line with Ethiopian Government policies the "family" is well integrated into the local. community. The boys are really enjoying this safe, stable environment and are thriving at school. They continue to have psycho-social input from our staff but are remarkably adapted after having spent so long on the streets.

Outside in the garden the boys have been learning about growing various vegetables and how to rotate the planting to maximize yield.

have no one to care for them and so reunification will be impossible. + All have been enrolled in schools in Shashemene where they will receive an excellent education, including at the Hope365 Academy. The boys live in one of our “Group Homes” where they have settled extremely well and still receive e-psychological support from our staff team: All have been verified as being orphans by the relevant Government department (Women & Children’s Affairs). + Given the boys’ circumstances the choice of school was crucial and so we ensure the boy's carers meet weekly with the teachers to ensure their good progress continues ;

Page 5

Hope365

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- Trustees' Report

A new addition this year is a Trauma Care centre called “Joshua’s Treehouse” . In this facility we offer Trauma support and counselling not only to the children in the Group Homes, but also to any pupils from our school - The Hope365 Acamedy. Our intention is to develop this as a centre of excellence so that groups from other regions can visit and learn from our staff. Trauma care is not something which is normally available m Ethiopia.

Strand 2: Re-unification of kids to extended family

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Where appropriate and where a biological family exists, we believe it would be in the child’s best interest to reunite them with blood relatives. However, one major challenge relates to the family’s ability to provide adequately for the child. Many kids are on the streets because families are simply too poor to care for them. One way of helping successfully reunite a child into a family long-term is to come alongside the family and help them. Our “One to One” Child sponsorship program for reunited children, as the name suggests, encourages sponsors to support one specific child and his family with a monthly Direct Debit of £20. This money is used to improve the quality of life not only for the child but also for the family. Typically, we use the funds to provide food and clothing. We also provide educational resources and medical support etc.

With no Social Services in Ethiopia, it is our responsibility to undertake home assessment visits before reuniting a child. We are also responsible for regular follow up visits to ensure the reunification is continuing to be successful. Given the geographical spread of the reunited children, this is a significant challenge.

HOPE ACADEMY

We are delighted with the progress of the Hope365 Academy. This school comprises 11 classrooms for grade students plus a school office. All grade pupils have a distinctive school uniform which they proudly wear. ;

« Around 400 pupils (both boys and girls) aged between 6 and l4yrs are now receiving a good education as well a nutritious hot meal each day. Provision of breakfast has now also been introduced to help the children learn effectively. Reunited Street Kids who live close enough are admitted into the Hope Academy in line with the strict admission criteria developed in conjunction with the local government authorities.

The staff team comprises 23 teachers and support staff. This year we have extended the age range of teaching to Grade 6 for the first time.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

‘Trustees: Stephen Hunter

Christopher Jamison Stephen Hamill Alistair Bennett

Page 6

Hope365

Trustees' Report

Plans for the future

As we plan for the future we have raised sufficient funds to allow us to build 4 new classrooms to extend the education of our pupils to grade 7 (previously grade our highest level was Grade 5) in the Hope365 Academy. We also plan to grow our new Nourish to Flourish Meal sponsorship programme and other monthly subscriptions schemes. Funding is also in place to allow us to build 2 new sets of toilets and also a shower block at the Hope365 Academy so that all pupils will be able to shower weekly as they have no proper washing facilities in their homes. We also have funds in place for the building of a Science lab and Library - both of which are required by the Ethiopian Government before permission is granted to teach Grade 7.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Kip fob—~) — Stephen Hamill Trustee

Page 7

Hope365 Independent Auditor's Report to the Members of Hope365

Opinion

We have audited the financial statements of Hope365 (the 'charity’) for the year ended 31 October 2025, which comprise the Statement of Financial Activities, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. .

Other information

The trustees are responsible for the other information. The other information comprises the information included in. the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Ifwe identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Page 8

Hope365

Independent Auditor's Report to the Members of Hope365

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the (set out on page ), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 9

Hope365

Independent Auditor's Report to the Members of Hope365

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We considered the opportunities and incentives that may exist within the Charity for fraud and identified the greatest potential for fraud in relation to revenue recognition and payment of amounts from the Charity. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override,

We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Companies Act 2006, Charities Act (NI) 2008 and guidance provided by the Charity Commission for Northern Treland.

In addition, we considered provisions of relevant laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity’s ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 10

Hope365

Independent Auditor's Report to the Members of Hope365

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Barry Millaf (Senior Statutory Auditor) For and on behelf of TB Millar & Co, Statutory Auditor | 6 Doagh Road Ballyclare Co Antrim BT39 9BG

21 April 2026

Page 11

Hope365

Statement of Financial Activities for the Year Ended 31 October 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Current Year 2025

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|2025| |Note|£|£|£| |Income|and|Endowments|from:| |Donations|and|legacies|3|144,162|29,152|173,314| |Charitable|activities|4|-|24,292|24,292| |Other trading activities|5|486,354|-|486,354| |Total income|630,516|53,444|683,960| |Expenditure|on:| |Raising|funds|6|(465,524)|-|(465,524)| |Charitable activities|7|(111,628)|(42,402)|(154,030)| |Total expenditure|(577,152)|(42,402)|(619,554)| |Net|income|53,364|11,042|64,406| |Net movement|in|funds|53,364|“41,042|64,406| |Reconciliation|of funds| |Total funds|brought forward|15,373|17,709|33,082| |Total|funds|carried forward|20|68,737|28,751|97,488|

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The notes on pages 16 to 26 form an integral part of these financial statements. Page 12

Hope365

Statement of Financial Activities for the Year Ended 31 October 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Prior Year 2024

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|2024| |Note|£|£|£| |Income|and|Endowments|from:| |Donations and legacies|3|91,389|38,909|130,298| |Charitable activities|4|-|18,348|18,348| |Other trading|activities|5|374,931|-|374,931| |Total income|466,320|57,257|523,577| |Expenditure|on:| |Raising|funds|6|(398,822)|-|(398,822)| |Charitable|activities|q|(79,796)|(64,347)|(144,143)| |Total expenditure|(478,618)|(64,347)|(542,965)| |Net expenditure|(12,298)|(7,090)|(19,388)| |Transfers between|funds|11,000|(11,000)|-| |Net movement in funds|(1,298)|(18,090)|(19,388)| |Reconciliation|of funds| |Total funds brought forward|16,671|35,799|52,470| |Total|funds|carried forward|20|15,373|17,709|33,082|

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All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 20.

The notes on pages 16 to 26 form an integral part of these financial statements. Page 13

Hope365

(Registration number: NI634605) Balance Sheet as at 31 October 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 14 19,92] 9,267
Current assets
Debtors 15 3,914 6,030
Cash atbankand inhand 16 93,282 28,649
97,196 34,679
Creditors: Amounts fallingduewithin oneyear 17 (11,816) (10,864)
Netcurrent assets 85,380 23,815
Total assets less currentliabilities 105,301 33,082
Creditors: Amounts fallingdue aftermore thanoneyear 18 (7,813) -
Netassets 97,488 33,082
Funds ofthe charity:
Restricted income funds
Restrictedfunds 28,751 17,709
Unrestricted income funds
Unrestricted funds 68,737 15,373
Totalfunds 20 97,488 33,082

For the financial year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

:

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 notes on pages 16 to 26 form an integral part of these financial statements. Page 14

Hope365

(Registration number: N1634605) Balance Sheet as at 31 October 2025

The financial statements on pages 12 to 26 were approved by the trustees, and authorised for issue on 21 April 2026 and signed on their behalf by: ing ~i~ Sepia Hawa Trustee

The notes on pages 16 to 26 form an integral part of these financial statements. Page 15

Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

1 Charity status

The charity is limited by guarantee, incorporated in Northern Ireland, 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: 6 Doagh Road Ballyclare Co Antrim BT39 9BG The principal place of business is: 73-75 Main Street Ballyclare Co Antrim BT39 9AA

These financial statements were authorised for issue by the trustees on 21 April 2026.

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.

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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

Hope365 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.

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

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.

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.

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.

Raisingfunds

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

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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.

Tangible fixed assets

Individual fixed assets costing £0.00 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 Depreciation methed and rate
Fixtures& Fittings 25%ReducingBalance
Office Equipment 20% ReducingBalance
MotorVehicles 25%ReducingBalance

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

Foreign exchange

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.

The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).

Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:

1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);

2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and

3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.

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.

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

3 Income from donations and legacies

Unrestricted Unrestricted
funds
General		 Restricted
funds		 Total
2025		 Total
2024
£ £ £ £
Donations and legacies;
Donationsfrom individuals
Giftaidreclaimed
Grants, including capitalgrants;		 111,026
29,136		 25,960
-		 136,986
29,136		 109,787
20,511
Governmentgrants 4,000 3,192 7,192 -
144,162 29,152 173,314 130,298
4 Income from charitable activities
Restricted Total
funds funds
£ £
ChildSponsorship 24,292 24,292
Totalfor2025 24,292 24,292
Totalfor2024 18,348 18,348
5 Incomefrom other trading activities
Unrestricted
funds Total Total
. General 2025 2024
£ £ £
Trading income;
Shop incomefrom saleofdonatedgoods
services		 and 486,354 486,354 374,931
486,354 486,354 374,931

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

6 Expenditure on raising funds

a) Costs of generating donations and legacies

, Unrestricted
Note fands
General
£		 Total
2025
£		 Total
2024
£
Otherdirect costs ofgeneratingvoluntary
income
Allocatedsupport costs		 8 7,092
35,117		 7,092
35,117		 2,215
30,565
42,209 42,209 32,780

b) Costs of trading activities

Unrestricted
Note funds
General
£		 Total
2025
£		 Total
2024
£
Legal fees 2,460 2,460 2,860
Marketingandpublicity 5,144 5,144 6,465
Depreciation, amortisation andothersimilar
costs
Other direct costs ofactivities forgenerating
funds		 8,812
113,821		 8,812
113,821		 3,482
98,146
Allocatedsupport costs 8 293,078 293,078 255,089
423,315 423,315 366,042

7 Expenditure on charitable activities

.
Unrestricted
funds
General		 Restricted
funds		 Total
2025		 Total
2024
£ £ £ £
TMB Centre, HopeAcademy and
GroupHomes 108,478 42,402 150,880 141,143
Governance costs 3,150 - 3,150 3,000
111,628 42,402 154,030 144,143

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

£108,478 (2024 - £76,796) of the above expenditure was attributable to unrestricted funds and £42,402 (2024 - £64,347) to restricted funds.

In addition to the expenditure analysed above, there are also governance costs of £3,150 (2024 - £3,000) which relate directly to charitable activities. See note 8 for further details.

8 Analysis of governance and support costs

Support costs allocated to raising fands

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||||||||| |---|---|---|---|---|---|---|---| |Basis|Finance|Information|Administration|Total|Total| |of|costs|technology|Staff costs|costs|2025|2024| |allocation|£|£|£|£|£|£| |Costs|of generating| |donations|and| |legacies|A|869|923|32,282|1,043|35,117|30,565| |Costs|of trading| |activities|A|7,253|7,703|269,423|8,699|293,078|255,089| |8,122|8,626|301,705|9,742|328,195|285,654|

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|||||| |---|---|---|---|---| |Basis of allocation| |Reference|Method|of aHocation|,|.| |A|Percentage|of staff costs|

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Governance costs

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||||| |---|---|---|---| |Unrestricted| |funds|Total|Total| |General|2025|2024| |£|£|£| |Audit|fees| |Audit of the financial statements|3,150|3,150|3,000| |3,150|3,150|3,000| |9|Net|incoming/outgoing|resources|

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Net incoming/(outgoing) resources for the year include:

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Audit fees|3,150|3,000| |Loss|on|disposal of fixed|assets held for the charity's own|use|2,410|314| |Depreciation|of fixed|assets|;|6,402|3,168|

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Hope365

.

Notes to the Financial Statements for the Year Ended 31 October 2025

10 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.

11 Staff costs

The aggregate payroll costs were as follows:

Wages and salaries: £298,104 (2025), £257,832 (2024)

Pension costs: £3,601 (2025), £2,663 (2024)

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:

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|||| |---|---|---| |2025|2024| |No|No| |Fundraising trading|15|16| |Fundraising and marketing|4|4| |19|20|

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No employee received emoluments of more than £60,000 during the year.

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||||| |---|---|---|---| |12|Auditors'|remuneration| |2025|2024| |£|£| |Audit of the financial|statements|3,150|3,000|

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Tangible fixed assets

14 Tangible fixed assets
Furniture and
equipment Motorvehicles Total
£ £ £
Cost
At November 2024 17,890 12,750
Additions 429 19,995 20,424
Disposals - (8,500) (8,500)
At31 October 2025 18,319 24,245 42,564
Depreciation
At 1 November 2024 12,626 8,747 21,373
Charge forthe year 1,396 5,006 6,402
Eliminated on disposals ~ (5,132) (5,132)
At31 October 2025 14,022 8,621 22,643
Net bookvalue
At31 October 2025 4,297 15,624 19,921
At31 October 2024 5,264 4,003 9,267
15 Debtors
2025 2024
£ £
Prepayments 867 3,073
Otherdebtors 3,047 2,957
pI
16 Cash and cash equivalents
2025 2024
£ £
Cashonhand 4,366 6,909
Cash atbank 88,916 21,740
93,282 28,649

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

17 Creditors: amounts falling due within one year

17 Creditors: amounts falling due withinwithin one year
2025 2024
£ £
Trade creditors 3,498 5,347
Hirepurchaseandfinance leases 3,750 ~
Othertaxation andsocial security 3,913 3,127
VAT (2,496) (2,489)
Other creditors 1 -
Accruals 3,150 4,879
11,816 ___10,864

18 Creditors: amounts falling due after one year

18 Creditors: amounts falling duedue after one year
2025
£
Hire purchaseand financeleases 7,813
19 Obligations under leases and hirepurchase contracts
Thetotal valueoffutureminimum leasepayments was as follows: ;
2025
: £
Withinoneyear (3,750)
Intwo to fiveyears (7,813)
(11,563)

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Hope365

Notes to the Financial Statements for the Year Ended 31 October 2025

20 Funds

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|||||||| |---|---|---|---|---|---|---| |Balance|at|1| |November|Incoming|Resources|Balance|at 31| |:|2024|resources|expended|October 2025| |£|£|£|£| |_|[Unrestricted]|[funds]| |General|15,373|630,516|||(577,152)|68,737| |Restricted|funds|17,709|53,444|(42,402)|28,751| |Total|funds|33,082|683,960|(619,554)|97,488| |Balance|at|1|Balance at| |November|Incoming|Resources|31|October| |2023|resources|expended|Transfers|2024| |£|£|£|£|£| |Unrestricted|funds|‘| |General|16,671|466,320|(478,618)|11,000|15,373| |Restricted|funds|35,799|57,257|(64,347)|(11,000)|17,709| |Total|fends|52,470|523,577|(542,965)|-|33,082| |21|Analysis|of net assets|between|funds| |Unrestricted|Total|funds|at|;| |funds|Restricted|31|October| |General|funds|2025| |£|£|£| |Tangible|fixed assets|19,92]|-|19,921| |Current|assets|68,445|28,751|97,196| |Current|liabilities|(11,816)|-|(11,816)| |Creditors over|1|year|(7,813)|~|(7,813)| |Total net|assets|68,737|28,751|97,488| |Unrestricted|Total funds|at| |funds|Restricted|31|October| |General|funds|2024| |£|£|£| |Tangible fixed|assets|9,267|-|9,267| |Current|assets|16,970|17,709|34,679| |Current|liabilities|(10,864)|-|(10,864)| |Total net|assets|15,373|17,709|33,082|

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