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2024-09-30-accounts

Charity registration number NIC108191 (Northern Ireland) Company registration number NI664431

PROVIDING HOPE AND LIGHT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

PROVIDING HOPE AND LIGHT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Stewart Mr A Hays Dr S Campbell Charity number (Northern Ireland) NIC108191 Company number NI664431 Registered office 35b Main Street Ballyclare Co Antrim BT39 9AA Independent examiner GMcG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Bankers Ulster Bank Limited 4th Floor 11-16 Donegall Square East Belfast BT1 5UB

PROVIDING HOPE AND LIGHT

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 19

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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) (effective 1 January 2019)".

Objectives and activities

The charity's objects are:

  1. The relief of those in need by reason of financial hardship or other disadvantage, in particular those who are victims and survivors of human trafficking and slavery.

  2. The advancement of human rights by the prevention and reduction of all forms of human trafficking and slavery (including, but not limited to sexual exploitation, forced labour, domestic servitude and organ harvesting); and to protect and provide assistance and support to victims and survivors of human trafficking and slavery, and also to individuals who want to exit prostitution, by any exclusively charitable means including (but not limited to) all or any of the following: (a) providing practical support and assistance and temporary and permanent refuge; (b) providing exit strategies for those who wish to exit prostitution; (c) offering rehabilitation services including access to advice, counselling, therapy, healthcare, support and social befriending to the victims and survivors of human trafficking and slavery and those seeking to exit prostitution; (d) raising awareness of the causes and effects of human trafficking and slavery and in particular the means of preventing and reducing same, and the consequences for and needs of victims/survivors; (e) supporting those affected by human trafficking and slavery by the purchase of goods made by those persons in particular overseas.

Activities in furtherance of these objects include:

  1. Trading in jewellery made by victims and survivors of human trafficking and individuals who want to exit prostitution.

  2. Speaking at public and private events on the issues of human trafficking and slavery.

  3. Grant making to help achieve the objects through approved partner organisations and individuals.

  4. Active raising of awareness through the charity’s website and social media channels.

  5. Jewellery making classes through which stories and experiences can be shared in order to raise awareness of the issues of human trafficking and slavery.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Grant making policy

A grant making policy has been adopted in furtherance of these objects.

The charity does not invite applications for grants. When gifts are made to external organisations, the following criteria are taken into consideration:

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Achievements and performance

Significant activities and achievements against objectives

(1)Trading in Jewellery:

Access to safe, stable work is essential for women seeking to break free from exploitation and build a future of independence and dignity. By purchasing jewellery, scarves, and bags from partner organisations across Asia, the charity helps create meaningful employment for women and girls—especially those at risk of, or escaping from, the sex industry. These ethical trade partnerships enable women in rural communities to form small cooperatives and earn a sustainable income, reducing vulnerability to trafficking and abuse. Safe work offers not only financial security but also the chance for holistic healing, self-worth, and long-term restoration. Every jewellery purchase becomes a symbol of freedom and hope. During the year ended 30 September 2024, jewellery sales totalling £53,906 helped the charity continue supporting women in choosing dignified employment over exploitation— empowering them to build lives of independence, not dependence.

Jewellery sales generated a surplus for the charity, allowing grant making and further support by purchasing jewellery from the various projects that contributed towards its charitable objects. A large proportion of sales took place during speaking engagements, with a store pop up also occasionally opening. A number of volunteers were recruited to assist with sales and order fulfilment. The charity also continued partnerships with five stores who are stocking its products.

(2) Speaking engagements: The work of the charity and the issues of human trafficking and slavery were presented at 49 meetings and events over the course of the year, with jewellery sales taking place alongside. It is estimated that over 2,000 people were presented to. The work was also featured in external magazines, helping to raise further awareness of the charity and its objectives.

(3) Grant making: By the end of the period, partnerships were in place across 6 countries in Asia and 11 separate projects. Most partnerships primarily involved the purchase of jewellery and other items produced by victims and survivors of human trafficking and slavery and those seeking to exit prostitution. However, grants and donations totalling £45k were made during the year, in furtherance of the charity’s objects. This represents an increase on the previous year. Grants were used to support women and their children, to enable further production of jewellery in a safe working environment with a fair wage, and to also to relieve poverty through the distribution of food, and other essential items. One main focus projects were to fully support a drop in centre in Myanmar alongside the distribution of rapid HIV tests. Also to provide funding for a safe house in Bangkok. This was very successful and continues to enable a safe place for women who would otherwise be in very vulnerable positions. Hope for a baby continued to be supported as the need arose. Grants also continued to supported outreach into red-light districts; counselling and vocational programs; and anti-trafficking awareness classes.

(4) Website and Social Media:

Over the past year, our ministry website has developed significantly, providing supporters with clearer insight into our various projects and the impact of their support. The updated site not only shares inspiring stories and updates from our work but also makes it easier than ever to donate. With a new integrated donation system, supporters can give more efficiently—with Gift Aid automatically recorded when applicable. The addition of a shop section also connects visitors directly to ethical products that support our mission, blending ministry and marketplace in one accessible platform.

The charity’s Facebook and Instagram channels have continued to remain active, highlighting needs and marketing jewellery on a regular basis. A focus was made on more reporting of ministry achievements through this channel. The charity’s weekly / bimonthly Shopify email mailing list audience continues to grow, with over 1,000 recipients receiving jewellery news, offers and information on the projects. Our Mailchimp recipients grew to over 2,200 and they also receive news of the ministry, prayer points and needs from our project partners. More regular updates through Mailchimp were sent out this year keeping donators informed.

This year our social media platform has grown in reach and numbers. Through collaboration with others, we have been able to deliver the message and vision of our work to a wider audience. This continues to be supported by a new part-time social media officer.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Achievements and performance (continued)

(5) Markets and pop-up events: 16 took place over the course of the year, providing an informal setting in which to not only sell products but also to awareness of the issues of human trafficking, slavery and prostitution through discussion with individuals. Collaborations also took place with two other anti-trafficking organisations as well as with four other business and charity collaborations.

(6) We proudly launched our Songsa Wedding Collection, where each piece celebrates love, resilience, and the artistry of survivors of human trafficking. By introducing this elegant, meaningful range, we’re reaching a wider audience connecting with brides, couples, and wedding communities who share our values. This collection not only marks life’s most cherished moments but also raises vital awareness, inviting more people to be part of the story of restoration and hope.

(7) We are delighted to have supported the development of a new safe house in Bangkok, a critical project offering secure accommodation and vital support for women recovering from trafficking and exploitation. While rescue is a crucial first step, true recovery is only possible with consistent emotional and mental care. This shelter, which now houses nine women, provides a safe and nurturing environment where survivors can begin the journey toward healing. Our funding will also enable the expansion of essential trauma counselling services—ensuring that women who would otherwise be without access to specialised care receive the support they need to rebuild their lives with dignity and hope.

(8) In response to a 200% rise in survival sex among women and girls in Myanmar driven by economic collapse and widespread trafficking we were delighted fully fund a drop-in centre in Shan State. These centres offer a safe space where women and girls can access humanitarian aid, health care, trauma counselling, and emotional support. Many who come have experienced severe exploitation and abuse, and the drop-in centre provides a crucial first step toward safety and recovery.

The centre also offers practical, life-changing vocational training such as hair and beauty, sewing, nail art, gardening, financial literacy, and small business skills. With these tools, women are able to rebuild their lives, reduce symptoms of trauma, and gain the confidence and skills needed to find safe employment or start their own enterprises. It is not just funding a building, it’s restoring futures and giving women and girls the opportunity to thrive.

(9) Our commitment to supporting women in red-light districts has also continued. As in previous years we helped fund a Valentine’s outreach in Pattaya, Thailand an area known for high levels of exploitation. During this outreach, 1,500 care bags were distributed to women working in the red-light district, offering not just essentials but also a message of dignity and hope. In addition, support provided funding for bedding and vital resources for traumainformed counselling in the church area of Soi Six, one of Pattaya’s most impacted streets. These efforts are creating real change bringing compassion, practical help, and a pathway to restoration in places that need it most.

(10) Our prevention and awareness programs have continued to make a meaningful impact across several regions. In Pakistan, the Pads for Pakistan initiative reached marginalised women in unreached areas—not only providing dignity through hygiene products but also sharing the gospel. It was especially powerful to see women from various groups here come together to help make the pads, creating a sense of community and raising awareness of the need. In Chiang Mai, we continued supporting rural communities by providing sewing machines, giving women the tools for safe, dignified work and long-term, sustainable income—key in preventing trafficking. We’ve also been able to support university students through small education grants, helping young women who would otherwise be unable to afford higher education pursue their studies and secure a better future.

(11) Support for our ongoing Hope for a Baby appeal continued throughout the year. Funding has secured the safety of several babies who would have otherwise been abandoned or sold. These precious lives have been lovingly placed into Christian families, where they are safe, cared for, and given the chance to thrive. The initiative also provides essentials such as nappies, formula, and clothing, along with support for any medical needs for both mother and baby. In addition, mothers receive counselling and emotional care, empowering them to make lifeaffirming choices.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Achievements and performance (continued)

(12) It was a joy to organise a special event for our supporters this year, a chance to recap the incredible impact, share updates on the work being done, and most importantly, express our heartfelt appreciation. Bringing everyone together allowed us to reflect on the lives that have been changed and the hope that’s been restored. It was also a true blessing to take time to visit Asia and reconnect with our partners across the region. Seeing firsthand the impact of the work and understanding the ongoing needs was incredibly valuable. These visits not only strengthened existing relationships but also helped to build deeper connections and collaboration, ensuring that together we can continue to make a lasting difference in the lives of vulnerable women and girls.

Financial review

The results are set out on pages 8 to 19.

During the year, the charity received donations and grants totalling £93,433 (2023 - £77,532). The charity made sales of jewellery amounting to £53,906 (2023 - £58,880) and net income for the year was £12,838 (2023 - £37,133).

At 30 September 2024 the charity had total funds of £132,183 (2023 - £119,345), which includes free reserves of £106,837 (2023 - £109,494).

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been achieved by the balance sheet date.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee that was incorporated under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Stewart

Mr A Hays

Dr S Campbell

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The charity is governed by the Trustees who meet every month.

Responsibility for day to day management of the charity is delegated to Mrs L Rainey.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Small companies exemption

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

Gordon Stewart Gordon Stewart (Jun 27, 2025 15:55 GMT+1)

.............................. Mr G Stewart Trustee

Jun 27, 2025 Date: .............................................

PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

I report on the financial statements of the charity for the year ended 30 September 2024, which are set out on pages 8 to 19.

Responsibilities and basis of report

As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Independent examiner's statement

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

PROVIDING HOPE AND LIGHT

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF PROVIDING HOPE AND LIGHT

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Mr Nigel Moore FCA GMcG BELFAST

Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Dated: ......................... Jun 29, 2025

PROVIDING HOPE AND LIGHT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
65,999
27,434
Charitable activities
3
53,906
-
Total income
119,905
27,434
Expenditure on:
Charitable activities
4
112,099
22,402
Total expenditure
112,099
22,402
Net income
7,806
5,032
Transfers between
funds
-
-
Net movement in
funds
6
7,806
5,032
Reconciliation of funds:
Fund balances at 1 October
2023
110,145
9,200
Fund balances at 30
September 2024
117,951
14,232		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
93,433
57,699
19,833
53,906
58,880
-
147,339
116,579
19,833
134,501
84,064
15,215
134,501
84,064
15,215
12,838
32,515
4,618
-
(3,156)
3,156
12,838
29,359
7,774
119,345
80,786
1,426
132,183
110,145
9,200		 Total
2023
£
77,532
58,880
136,412
99,279
99,279
37,133
-
37,133
82,212
119,345

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PROVIDING HOPE AND LIGHT

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
17,911
702
116,597
135,210
(3,839)		 £
812
131,371
132,183
14,232
117,951
132,183		 2023
£
16,885
1,521
102,858
121,264
(2,570)		 £
651
118,694
119,345
9,200
110,145
119,345

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Jun 27, 2025

The financial statements were approved by the trustees on .........................

Gordon Stewart

. ~~.............................~~ Gordon Stewart (Jun 27, 2025 15:55 GMT+1) Mr G Stewart Trustee

Company registration number NI664431 (Northern Ireland)

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

Providing Hope and Light is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 35b Main Street, Ballyclare, Co Antrim, BT39 9AA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from the sale of jewellery is recognised at the point of sale.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Website 33% per annum

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies (Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% per annum Computers 33% per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
56,999
16,934
Grants
9,000
10,500
65,999
27,434
Grants
Ardbarron Trust
6,000
-
TBF Thompson
-
10,000
Barnabas Trust
-
-
CAF
-
-
House of Vicryn
3,000
-
Souter Trust
-
-
Goodnews Evangelical
Mission
-
-
World Day of Prayer
-
-
The Grace Trust
500
-
Other
(500)
500
9,000
10,500		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
73,933
34,341
9,833
19,500
23,358
10,000
93,433
57,699
19,833
6,000
5,000
-
10,000
-
10,000
-
2,000
-
-
1,000
-
3,000
3,000
-
-
5,000
-
-
5,000
-
-
2,358
-
500
-
-
-
-
-
19,500
23,358
10,000		 Total
2023
£
44,174
33,358
77,532
5,000
10,000
2,000
1,000
3,000
5,000
5,000
2,358
-
-
33,358

3 Income from charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Sales of jewellery 53,906 58,880
Analysis by fund
Unrestricted funds 53,906 58,880

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

4 Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 64,906 51,381
Depreciation and impairment 414 2,256
Safe work - jewellery purchases to support projects 25,178 16,272
Donations 22,154 19,263
Postage and stationery 2,958 2,193
Travel expenses 1,732 (488)
Computer expenses 1,907 144
Advertising, social media and video 2,394 -
Other expenditure 4,936 592
126,579 91,613
Share of support and governance costs (see note 5)
Support 7,549 7,546
Governance 373 120
134,501 99,279
Analysis by fund
Unrestricted funds 112,099 84,064
Restricted funds 22,402 15,215
134,501 99,279
Support costs allocated to activities
2024 2023
£ £
Bank charges 145 969
Insurance 913 866
Rent 5,910 5,160
Heat and light 581 551
Governance costs 373 120
7,922 7,666
Analysed between:
Charitable activities 7,922 7,666

5 Support costs allocated to activities

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 415 547
Amortisation of intangible assets - 1,710

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2024 2023
Number Number
3 2
Employment costs 2024 2023
£ £
Wages and salaries 61,528 48,003
Other pension costs 3,378 3,378
64,906 51,381
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024 2023
£ £
Aggregate compensation 47,193 42,230

9 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

10
Tangible fixed assets
Fixtures and
fittings
Computers
£
£
Cost
At 1 October 2023
1,318
885
Additions
-
575
At 30 September 2024
1,318
1,460
Depreciation and impairment
At 1 October 2023
684
867
Depreciation charged in the year
316
99
At 30 September 2024
1,000
966
Carrying amount
At 30 September 2024
318
494
At 30 September 2023
633
18
11
Stocks
2024
£
Finished goods and goods for resale
17,911
12
Debtors
2024
Amounts falling due within one year:
£
Other debtors
189
Prepayments and accrued income
513
702
13
Creditors: amounts falling due within one year
2024
£
Other taxation and social security
2,164
Other creditors
925
Accruals and deferred income
750
3,839		 Total
£
2,203
575
2,778
1,551
415
1,966
812
651
2023
£
16,885
2023
£
816
705
1,521
2023
£
895
925
750
2,570

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 3,378 3,378

The charity contributes to defined contribution pension schemes for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
TBF Thompson 9,200 10,000 (9,600) - 9,600
Hope for a Baby - 9,874 (5,242) - 4,632
Numbered to Named - 6,905 (6,905) - -
Bangkok Outreach - 155 (155) - -
Red Light - 500 (500) - -
9,200 27,434 (22,402) - 14,232
Previous year: At 1 October Incoming Resources Transfers At 30
2022 resources expended September
2023
£ £ £ £ £
Pakistan appeal - 180 (180) - -
Hope House/Hope for a Baby 1,426 9,653 (14,235) 3,156 -
TBF Thompson - 10,000 (800) - 9,200
1,426 19,833 (15,215) 3,156 9,200

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 October
2023
Incoming
resources
Resources
expended
Transfers
At 30
September
2024
£
£
£
£
£
110,145
119,905
(112,099)
-
117,951
October
2022
Incoming
resources
Resources
expended
Transfers
At 30
September
2023
£
£
£
£
£
80,786
116,579
(84,064)
(3,156)
110,145

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 September 2024:
Tangible assets
812
-
Current assets/(liabilities)
117,139
14,232
117,951
14,232
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 30 September 2023:
Tangible assets
651
-
Current assets/(liabilities)
109,494
9,200
110,145
9,200		 Total
2024
£
812
131,371
132,183
Total
2023
£
651
118,694
119,345

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

18 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024 2023 £ £

19 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

Providing Hope & Light 2024 Final Draft

Final Audit Report 2025-06-29

Created: 2025-06-27 By: Nigel Moore (mooren@gmcgca.com) Status: Signed Transaction ID: CBJCHBCAABAAfizZn2mLEQ_mxq-FFUE6DnQwDElpIhb-

"Providing Hope & Light 2024 Final Draft" History

Document created by Nigel Moore (mooren@gmcgca.com)

2025-06-27 - 12:10:29 PM GMT

Document emailed to stewart.gordon@sky.com for signature

2025-06-27 - 12:11:26 PM GMT

Email viewed by stewart.gordon@sky.com

2025-06-27 - 2:26:16 PM GMT

Signer stewart.gordon@sky.com entered name at signing as Gordon Stewart 2025-06-27 - 2:54:58 PM GMT

Document e-signed by Gordon Stewart (stewart.gordon@sky.com) Signature Date: 2025-06-27 - 2:55:00 PM GMT - Time Source: server

Document emailed to Nigel Moore (mooren@gmcgca.com) for signature 2025-06-27 - 2:55:04 PM GMT

Email viewed by Nigel Moore (mooren@gmcgca.com) 2025-06-29 - 9:15:53 PM GMT

Document e-signed by Nigel Moore (mooren@gmcgca.com) Signature Date: 2025-06-29 - 9:16:46 PM GMT - Time Source: server

Agreement completed.

2025-06-29 - 9:16:46 PM GMT