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2025-09-30-accounts

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

PROVIDING HOPE AND LIGHT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 47 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 - 7
Independent examiner's report 8 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 21

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their annual report and financial statements for the year ended 30 September 2025.

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 2025

Achievements and performance

Significant activities and achievements against objectives

Providing Hope and Light exists to prevent human trafficking and exploitation by providing vulnerable women and children with opportunities for safety, restoration and long-term independence.

Throughout the year, the charity continued to fulfil its charitable objects through ethical trading, grant making, awareness raising, education and partnerships with trusted organisations working directly with vulnerable communities affected by trafficking, exploitation and extreme poverty.

Ethical trading remains central to the charity’s mission. Through the purchase and sale of handcrafted jewellery, scarves, bags and homeware from partner organisations across Asia, Providing Hope and Light creates sustainable employment opportunities for women who are vulnerable to, or recovering from, human trafficking, sexual exploitation and poverty.

These purchases provide fair wages, safe working environments and opportunities for women to develop vocational skills, reducing vulnerability to exploitation while enabling them to support themselves and their families with dignity.

During the year, the charity continued purchasing products from ethical employment projects supporting over 200 women. Income generated through jewellery and product sales enabled the charity to continue supporting partner projects while also providing grants towards programmes that directly further the charity’s objectives.

Trading therefore continues to serve both as a sustainable source of income and as a practical means of preventing exploitation by creating safe employment opportunities.

A significant milestone during the year was the opening of Providing Hope and Light’s first permanent retail premises in Ballyclare. Previously operating primarily through speaking engagements, online sales, conferences and temporary pop-up shops, the new premises have enabled the charity to establish a consistent community presence.

The shop provides a platform to sell ethical products, raise awareness of modern slavery and engage the local community in the charity’s work. The premises also include a dedicated community space which provides opportunities for events, women’s groups, church gatherings, educational sessions and awareness activities.

Trustees believe this development represents an important investment in the long-term sustainability of the charity by increasing public engagement, strengthening supporter relationships and creating opportunities to generate sustainable unrestricted income.

Trading continued through the retail shop, online store, church meetings, conferences, fundraising events and retail partnerships. Volunteers remained an essential part of operations, supporting retail activities, stock management, customer engagement and order fulfilment. Additional part-time staffing also strengthened administration, retail operations and future development.

Overview of Impact

During the year, Providing Hope and Light continued strengthening partnerships across Asia, supporting initiatives focused on preventing trafficking, protecting vulnerable women and children and creating opportunities for long-term restoration.

Key areas of impact included:

Safe Employment

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Grant Making and International Partnerships

Grant making remained a significant part of the charity’s activities throughout the year.

Providing Hope and Light continued working alongside trusted Christian partners who demonstrate strong local knowledge, accountability and a shared commitment to protecting vulnerable women and children.

Funding provided by the charity supported programmes including safe accommodation, trauma care, vocational training, education, humanitarian assistance, community outreach and support for vulnerable mothers and babies.

Trustees remain committed to ensuring that overseas grants are used effectively and responsibly. Regular communication, financial reporting and project visits provide opportunities to monitor funded programmes, strengthen relationships with partners and evaluate impact.

During the year, trustees visited several projects across Asia, including communities in Pakistan. These visits enabled trustees to gain first-hand understanding of the challenges faced by vulnerable communities and helped inform future funding decisions.

International Programmes

– Myanmar and Thailand Hope for a Baby

Providing Hope and Light continued supporting the Hope for a Baby programme, which provides practical support for vulnerable mothers facing crisis pregnancies and ensures babies at risk of abandonment or trafficking are placed into safe and loving Christian homes.

During the year, two further babies, Daniel and Moses, were safely placed into loving Christian homes, bringing the total number of babies supported through the programme in Myanmar to eleven.

These babies are now safe, cared for and thriving within secure family environments.

Funding also supported the establishment of a new baby home in Thailand through the charity’s trusted project partners. This home has been set up to provide care for up to fifteen abandoned or at-risk babies, alongside support for vulnerable mothers.

Providing Hope and Light contributed towards essential equipment, furnishings and practical resources required to establish the home and support its ongoing work.

The charity also provided funding towards the safe release and repatriation of twelve Ethiopian nationals who had been rescued from scam compounds in Myanmar. Support contributed towards safe flights and practical assistance, enabling those rescued to return home following their release.

Red Light Outreach – Thailand

Providing Hope and Light continued supporting frontline work with women affected by sexual exploitation and trafficking in Thailand.

Funding enabled renewed support for a safe house in Bangkok providing accommodation, practical assistance and trauma-informed care for trafficked foreign women who are unable to work legally while awaiting legal processes.

In Pattaya, the annual Valentine’s outreach reached approximately 1,500 women working within areas associated with sexual exploitation. Alongside practical care packages, women were offered ongoing support including pastoral care, counselling, discipleship and opportunities for vocational development.

Trustees were encouraged to see continued engagement with the programme, including women choosing to pursue new lives away from exploitation, baptisms and ongoing discipleship opportunities.

Funding also supported one vulnerable young woman to attend discipleship training, providing an opportunity for spiritual growth, restoration and future development.

Partner organisations continued delivering life-skills training, trauma support, English language learning, vocational preparation and practical assistance to help women move towards sustainable independence.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Pakistan

During the year, Providing Hope and Light expanded its work in Pakistan through trusted local partners, focusing on families trapped in bonded labour within the country’s brick kiln industry.

Across Pakistan, many families remain trapped in cycles of debt bondage, often working in extremely difficult conditions to repay loans that can continue across generations. Children born into these circumstances frequently have limited access to education and few opportunities to escape poverty and exploitation.

Following initial engagement with partners, trustees travelled to Pakistan to see the situation first-hand, meet families affected by bonded labour and better understand the challenges faced by these communities. This visit helped shape the development of the Free a Family project, an initiative focused on helping families gain freedom from bonded labour while providing practical support to rebuild their lives with dignity and independence.

During the year, six families were freed from brick-factory slavery through this programme. The process involved careful negotiation with factory owners, addressing outstanding debts, supporting safe resettlement and providing ongoing assistance to help families establish sustainable futures.

Families have received support including housing, education for children, opportunities to establish microbusinesses and ongoing pastoral care. Trustees witnessed first-hand the importance of addressing both immediate needs and the wider causes that contribute to exploitation, including poverty, lack of opportunity and limited access to education.

Alongside longer-term freedom projects, Providing Hope and Light continued responding to practical needs within vulnerable communities through Pads for Pakistan, providing reusable sanitary products and dignity support for women and girls in rural areas who often lack access to basic menstrual care. Providing Hope and Light also established the Hope + Light Beauty Salon in Pakistan as a vocational training initiative for vulnerable young women.

The salon was created to provide professional training in areas including hairdressing, beauty treatments, nails and wellness services. During the year, the project supported seven young women, with a Christian mentor employed to provide ongoing training, encouragement and guidance throughout the programme.

Trustees believe that vocational initiatives such as the beauty salon play an important role in reducing vulnerability to exploitation by providing practical skills, confidence and pathways towards sustainable employment. The salon represents not only a training facility but a place where young women can experience dignity, encouragement and hope for the future.

Vietnam

Providing Hope and Light continued developing its partnership in Vietnam, supporting vulnerable women through safe employment opportunities, skills development and practical support.

During the year, the project grew from supporting two women to five women, including three minors who are now safe within the programme.

Through ethical employment opportunities, women are able to develop practical skills, earn a fair income and experience the stability of a safe working environment. The project continues to provide a pathway towards greater independence and reduces vulnerability to exploitation.

The charity has also been developing links with a baby home supporting young mothers and expectant girls, recognising the importance of protecting both vulnerable women and children at risk.

Trustees remain encouraged by the progress of this partnership and the opportunities created through safe employment, support and long-term investment in vulnerable women.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Other International Support and Humanitarian Assistance

Alongside specific programmes in Myanmar, Thailand, Pakistan and Vietnam, Providing Hope and Light continued supporting trusted partners working with vulnerable women and children facing exploitation, poverty and trafficking risks.

Funding provided during the year enabled partners to respond to a variety of needs, including emergency assistance, safe accommodation, education, family support, vocational training and community-based prevention initiatives.

The charity continues to prioritise long-term solutions that address the root causes of exploitation, recognising that poverty, lack of education, family vulnerability and limited employment opportunities can increase the risk of trafficking.

Through ethical trading, grant making and partnership, Providing Hope and Light seeks to provide opportunities for individuals and communities to move towards safety, stability and independence.

Awareness, Education and Community Engagement

Raising awareness of human trafficking and exploitation remains an important part of Providing Hope and Light’s charitable activities.

Throughout the year, the charity continued engaging churches, schools, community groups and supporters through talks, meetings, events and fundraising activities. These opportunities help educate communities about modern slavery, encourage ethical consumer choices and inspire individuals to take action.

The charity believes that prevention begins with awareness and that informed communities are better equipped to recognise vulnerability and respond with compassion.

The opening of the Ballyclare premises has provided a valuable new platform for community engagement, enabling the charity to host events, share stories of transformation and create opportunities for meaningful conversations around trafficking, exploitation and social responsibility.

The charity also continued developing its schools programme, focusing on themes including identity, online safety and exploitation prevention. Trustees believe education plays a vital role in equipping young people with knowledge and awareness to help protect themselves and others.

Financial review

The results are set out on pages 8 to 19.

During the year, the charity received donations and grants totalling £145,859 (2024 - £93,433). The charity made sales of jewellery amounting to £63,924 (2024 - £53,906) and net income for the year was £30,137 (2024 - £12,838).

At 30 September 2025 the charity had total funds of £162,320 (2024 - £132,183), which includes free reserves of £154,420 (2024 - £106,837).

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.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Fundraising and Financial Sustainability

Providing Hope and Light continued to receive generous support from individuals, churches, trusts and grantmaking organisations throughout the year.

This funding enabled the charity to continue its international programmes while investing in sustainable income generation through ethical trading.

The charity remains committed to responsible stewardship of all resources entrusted to it. Trustees carefully monitor expenditure to ensure funds are used effectively and directly support the charity’s objects.

Grant funding is allocated based on identified needs, partner accountability and the potential for lasting impact.

The growth of the retail operation represents an important step towards increasing unrestricted income and reducing reliance on donations alone. Trustees remain focused on developing a sustainable model where ethical trading can increasingly contribute towards programme costs while continuing to provide safe employment opportunities for vulnerable women.

Plans for future periods

As Providing Hope and Light continues to grow, trustees remain committed to the charity’s vision of preventing human trafficking and exploitation by creating opportunities for safety, restoration and long-term independence.

The year ahead will focus on strengthening existing partnerships, developing sustainable employment opportunities, expanding awareness and ensuring that every resource entrusted to the charity continues to bring meaningful and lasting impact.

Trustees are grateful for the continued support of donors, volunteers, churches, partners and supporters who make this work possible.

Through trusted partnerships and collective effort, Providing Hope and Light will continue working towards a future where vulnerable women and children are protected, valued and given the opportunity to flourish.

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.

PROVIDING HOPE AND LIGHT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Governance and Organisational Development

During the year, Providing Hope and Light continued strengthening its organisational structures to support future growth.

Trustees reviewed policies, procedures and operational practices to ensure that the charity continues to operate effectively, safely and in accordance with good governance principles.

The charity continued developing its staff and volunteer structures, recognising the importance of appropriate support, accountability and clear responsibilities as the organisation grows.

Additional part-time staffing strengthened retail operations, administration and community engagement, while volunteers continued to provide invaluable support across many areas of the charity’s activities.

Trustees continue to ensure that safeguarding, financial accountability, risk management and responsible partnership remain central to all areas of the charity’s work.

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.

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.

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

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 2025, which are set out on pages 10 to 21.

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: 31 July 2026

PROVIDING HOPE AND LIGHT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
100,085
45,774
Charitable activities
3
63,924
-
Investments
4
1,092
-
Total income
165,101
45,774
Expenditure on:
Charitable activities
5
120,732
60,006
Total expenditure
120,732
60,006
Net income/(expenditure) and
movement in funds
44,369
(14,232)
Reconciliation of funds:
Fund balances at 1 October
2024
117,951
14,232
Fund balances at 30
September 2025
162,320
-		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
145,859
65,999
27,434
63,924
53,906
-
1,092
-
-
210,875
119,905
27,434
180,738
112,099
22,402
180,738
112,099
22,402
30,137
7,806
5,032
132,183
110,145
9,200
162,320
117,951
14,232		 Total
2024
£
93,433
53,906
-
147,339
134,501
134,501
12,838
119,345
132,183

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 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
16
Unrestricted funds
17		 2025
£
18,124
2,796
144,322
165,242
(10,822)		 £
7,900
154,420
162,320
-
162,320
162,320		 2024
£
17,911
702
116,597
135,210
(3,839)		 £
812
131,371
132,183
14,232
117,951
132,183

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 2025.

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.

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

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

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

Charity information

Providing Hope and Light is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 47 Main Street, Ballyclare, Co Antrim, BT39 9AA.

1.1 Basis of preparation

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 2025

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 2025

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 2025

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
100,085
32,774
Grants
-
13,000
100,085
45,774
Grants
Ardbarron Trust
-
13,000
TBF Thompson
-
-
House of Vicryn
-
-
The Grace Trust
-
-
-
13,000		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
132,859
56,999
16,934
13,000
9,000
10,500
145,859
65,999
27,434
13,000
6,000
-
-
-
10,000
-
3,000
-
-
-
500
13,000
9,000
10,500		 Total
2024
£
73,933
19,500
93,433
6,000
10,000
3,000
500
19,500

3 Income from charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Sales of jewellery 63,924 53,906
Analysis by fund
Unrestricted funds 63,924 53,906

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,092 -

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

5 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 68,715 64,906
Depreciation and impairment 416 414
Safe work - jewellery purchases to support projects 13,280 25,178
Donations 56,457 22,154
Postage and stationery 4,038 2,958
Travel expenses 13,863 1,732
Computer expenses 1,519 1,907
Advertising, social media and video - 2,394
Other expenditure 6,602 4,936
Pakistan beauty salon 6,000 -
170,890 126,579
Share of support and governance costs (see note 6)
Support 8,030 7,549
Governance 1,818 373
180,738 134,501
Analysis by fund
Unrestricted funds 120,732 112,099
Restricted funds 60,006 22,402
180,738 134,501
Support costs allocated to activities
2025 2024
£ £
Bank charges - 145
Insurance 721 913
Rent 6,750 5,910
Heat and light 559 581
Governance costs 1,818 373
9,848 7,922
Analysed between:
Charitable activities 9,848 7,922

6 Support costs allocated to activities

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 416 415

8 Trustees

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

9 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
Number Number
3 3
Employment costs 2025 2024
£ £
Wages and salaries 62,026 61,528
Social security costs 3,543 -
Other pension costs 3,146 3,378
68,715 64,906
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:
2025 2024
£ £
Aggregate compensation 47,060 47,193

10 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 2025

11
Tangible fixed assets
Fixtures and
fittings
Computers
£
£
Cost
At 1 October 2024
1,318
1,460
Additions
7,503
-
At 30 September 2025
8,821
1,460
Depreciation and impairment
At 1 October 2024
1,000
965
Depreciation charged in the year
224
192
At 30 September 2025
1,224
1,157
Carrying amount
At 30 September 2025
7,597
303
At 30 September 2024
318
494
12
Stocks
2025
£
Finished goods and goods for resale
18,124
13
Debtors
2025
Amounts falling due within one year:
£
Other debtors
189
Prepayments and accrued income
2,607
2,796
14
Creditors: amounts falling due within one year
2025
£
Other taxation and social security
4,038
Other creditors
925
Accruals and deferred income
5,859
10,822		 Total
£
2,778
7,503
10,281
1,965
416
2,381
7,900
812
2024
£
17,911
2024
£
189
513
702
2024
£
2,164
925
750
3,839

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 3,146 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.

16 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 At 30
2024 resources expended September
2025
£ £ £ £
Free family - 23,110 (23,110) -
Ardbarron Trust - 13,000 (13,000) -
Earthquake appeal - 4,985 (4,985) -
Hope House/Hope for a Baby 4,632 4,224 (8,856) -
TBF Thompson 9,600 - (9,600) -
Bangkok Outreach - 455 (455) -
14,232 45,774 (60,006) -
Previous year: At 1 October Incoming Resources 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

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

17 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
Analysis of net assets between funds
At 30 September 2025:
Tangible assets
Current assets/(liabilities)
At 30 September 2024:
Tangible assets
Current assets/(liabilities)		 October
2024
Incoming
resources
Resources
expended
At 30
September
2025
£
£
£
£
117,951
165,101
(120,732)
162,320
October
2023
Incoming
resources
Resources
expended
At 30
September
2024
£
£
£
£
110,145
119,905
(112,099)
117,951
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
7,900
-
7,900
154,420
-
154,420
162,320
-
162,320
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
812
-
812
117,139
14,232
131,371
117,951
14,232
132,183

18 Analysis of net assets between funds

PROVIDING HOPE AND LIGHT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

19 Operating lease commitments

Lessee

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:
2025 2024
£ £
Within one year 20,900 -

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).