CHARITY REGISTRATION NUMBER: SC000987
The Hope Trust
Financial Statements
31 December 2024
GIBSON MCKERRELL BURROWS LIMITED
Chanered Accouniants & Siatutory Auditor
28 Ru(lanU Square
Edinburgh
EH1211W

The Hope Trust
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent auditor's report to the members
Siarement of financial aciivities
Statement of financial position
Nole.s to thc financial stdicments
10
The following pages do not form part of the fjnancial statements
De(ailed statement of financial aetivilies
18
Notes to the detailed slalemenl of financial activiiies
19

The Hope Trust
Tru5tees' Annual Report
Year ended JI Decembtr 2024
The trus[e￿% prcient thcir TCPOrt and the financial statements of the charity for the year en(kd
31 DLLcmber ?024.
Reference and admlnlstratlTre detalls
Regtstcred (haritv name
The Tlopc Trust
Chgrity registr4tion number
SC000987
Principal office
Glenorchy House
2n Ilninn street
F.dinhiirgh
EHI ILR
The trustees
Charity setretary
Audilor
Gibson McKerrell Burrows Limitcd
Chartcrcd Accountants & Sthtutory Auditor
28 Rutland Square
Edinburgh
EHI 2BW
Bankers
Bank of ScDtland
I l F.aTI Grcy Street
Edinburgh
EH3 YBN
Structure? goi'ernance and mang%ement
Thc Trust, whi¥h is 4 rcrvgiiiscd charity i(I SiuLldJiJ (ClidJ"jty R¢¥isU'dtii)11 Nuiiibrr SC(K)Q9117), Ib
opcratcd undcr ili¢ rul¢s i)f lis frust Dccd d<llLd 21 April 1890 wid il% 8uppl¢m¢iiÈary DLLd of Trusi
d(Itcd 13 ajid 14 f¢bruary 2019. ThL itEan(Igtrinen( uf Lh< Trust Ib tIiL fL"bponsibili¢y of iliL Irus(eets whu
are clccted dnd co-optcd under trms ol. Ihe Trust Decd.
The Trust illcomc derives from Invegimenis. m.hich are managed by independ¢nr stockbrokLrs.
Th¢ Trust docs not produLe fomiLI c&8hflo￿. tnrecast£ nr hiidgyei pmjeciiLJn% hill Ihe Ini.slLes Clo￿lY
monitor income and expendillire Ihroiighout tlie year.

The Hope Trust
Trustees Annual Report Icojrlijrutd)
Year ended 31 December 2024
Structure. goi'ernance and manaRement (Luntinmedl
The Irustees meet twi￿ annually to discuss the ongoing pcrfonnancc of the Trusi. Grants and donations
are deÉern)ined by the levels ot'income and the amount ol. lunds available.
The TrusV.s reseryes have been built up over a nurnber of years and are ai a level ihe iNsiees are
coml-onable with and which allow the Trust to fund projects and mdke donations ag and when they see
fil.
The IrusteLs have direLted Ihdt no Trnsl lunds shi)uld be invested in Companies inK'olved in the
produLlion or manufaLiure of drukFs, &lcuhol Dr l￿man]ents.
The trustee% regularly r¢iri¢W any ri%ks to which th£ Tru%t a￿ScI.￿ may bc ¢xrK>sed.
ObjeetiN'e$ and 9¢tlvltles
The prinLipal dLtivities of the Trusi are (al advanLing (he Lau5e of t¢mperdnLe through the promoiion of
temperance w'ork and ihe combatting af all l()mi4 01. 4ub.%tdn¢c abu%¢ and Ib} prom()ting' Rttfornied
thcftlogy and RLlomiLd church life c%pccially in Scoiland and lh¢ .%ocial [ni￿S1on of charitic4 wilh
historical or cont¢mporary links to the Reformed tradition, con5idcrcd in its diverse fomis.
Achlevements and perform4nce
The prinLiPdl aLli￿l[leS of the Tn￿1 durin¥ the year continued to be that of providing financial support
ot. tcmpcrancc work and to combar drug and alcohol abuse and to promoie (he Refomcd Eradiiion. In
particular, the Trust funds il number of pi)gt-¥rddual¢ students iii lh¢ R¢fomi¢d trddition within the
Schuols ut. Divinity at Scottt5h bnivcr5iiies and makes grants lu all divinity siudents at Scott15h
UnivcrsiiiLs who arc candidatcs for ministry in thL Church of Scotland, the Free Church of Scotland and
thc Unilcd Rcfornied Church.
Thc Trust its lundingy a two year pan-time post-docioral fellow%hip whi¢h ¢ommen¢ed in Sepiember
2024 at the University ofAbLrd¢Ln.
Financial Teiie
The value of listed investments Inc￿a$¢d by 2.6 /&. while investment income fell by 0.6O/D in comparison
with ihe previous year.
Plans for future periods
The Tnjst is ¢ommittcd to providing financial assistance io enable six minisicr5 from the Rcfornied
tradition its participaic in a thrcc-year course arranLILd through Edinburgh University wilh Piitsburgh
Thcological SctninaTr'. whiLh will commence in June 2025.
The tru4tee.% will continue to support temperancc work and Combat drug and alcohol abu8c and promote
the Reforn)ul tradition in tcrnls of the Trust DLed.

The Hope Trust
Tru51ees' Annual Report I¢￿&￿￿Te￿j
Year ended 31 Dectniber 2024
Plans for future periods ¢LDAtinuedi
The Trust will continue io tiind a nwnber of Ph.D. students in the Relonned tradition and to Jnake grants
lo all di￿.inIty smdents ai Scotiish Universiiies who are candidates tor minisiry In ihe Church ol Scotland,
Ihc frcc ChurLh ol- *oiland and Ihc Uniled RcfoTmcd church.
'I"hc rrusties will tUWKi a new full-timL doc(oral fellom'ship with a student ai a Scottish UnivLrsiiy afier
IhL LonLlusion of thL prcvious posl-doLlural lillowship.
Trustces, rtspvnsibili¢ies Statement
The trustees arc rcspontsible for preparing the trustees, rcport and the fin2llLial gtaiements in JLLordanee
with applicablc law and United KIDgdom Ac¢ouniing Standards (Unl￿d Kingdom Generally Accepted
Aciounting Pru¢ti¢¢!.
The law applicable to charitieq in Scotland requiTe4 ihc chariry truqtee$ io prcpaTC financial .qtatements
for each year whiLh gile a truc and tair vicw nt the statc of affdiT% of the charity and nt'thc ircthming
resources and application of resources. ofthe Lharity tor that period
In prcparing these find￿1￿[ sidt¢ments. the trustces are rcquircd to..
selcct suilable accounting policies and thcn apply them consistcntl)"
IA)seTh'e ihe meihods and principles In th¢ appliLable CharitiLs SORP,.
make judgment5. and aLcountill¥ eslimates ihat are reasonable and prudeni.
Idle ￿h¢iher <ypIiLdblc Ll( ALLvuiilinÈ Siandaids liavr be¢ii follow¢d. subjLcI to any matLrial
paiiurcs ditsLlustd and Cxplained in lh¢ finanLl411 stdLetngntS."
prcpare the fin&nc5al statements on ihe going ¢on¢em basts unlesi it ig Inappropria￿ ¢0 presume
thot the chariry will continue In busine5S.
The twqiees are re8pnn4ihle far keeping adequate 2ccountinLF reiA)rLls thai are %ufficienl tn .show and
explain the charity's transactinns and diqeln%e with reaqnnahlc accuraey ai anv (ime ihe financial position
of thc charity. and CDablc ihcm lo cnsiire rhal the financial siatcmLntS i(Itnply with the L httrilieg and
Trusiees Ini'Lstm¢n(s (SLOtldndl ALt 2005. thi Charity Accounts (Scotland) Rcgulations 2(K)6. and thc
provisiLlnS of the Twgt Deed. They are also regwnsible for sdfeBuardin8 the a4sets of the charitv and
hel￿e for takinbtr reasonable Ste￿ for ihe prevention at)d dete¢tion Df fraud and other irreuularities.
Thc Iruslccs, annual rcport was apprui'cd on 30 July 2025 and sign¢d on behalf of the board of trustecs
by..

The Hope Trust
Independent Auditor's Report to ¢he Members of The Hope Trust
Year ended 31 December 2024
Opinlun
Wc have auditcd th¢ financial stdLem¢nis of The Hope Trust {thc 'chariiy') for ihe }'ear ended
31 J)ecembcr 2024, which cotnprisc the statement ol. linancial aciiviiies, sthicm¢nt of f5nancial position
and the related noies, including a summarv of sigmificanl aLcoimling poliLies. The finanLial rcporting
fiatn¢w()rk Ihai has been applied in rheir preparation is applicablc law dnd Uniied Kingdom ALcouniing
Standard%, including FRS 102, the binancial Reporring Standard applicabl¢ in the UK and Republic of
trcland {Unitcd KingdonTr Generally AcLepied ALLounting Practiccl.
In our opinion the financial siatemeDts-
giv¢ a true fair view of the sthie of the charity's ¢iffairs as ai 31 tkLember 2024 of its
incoming rc50urccs and application of res¢)ur¢es: including its income and cxpenditurc, for the year
then ended.,
have becn propcrly pr¢p&red in accordance M*ith Unl￿d Kingdom Generally ALccpt¢d ALcouniing
PTacticc:
have been prepared in accordance wilh the requircmcnts of th¢ Charities and Trusiee Invcsimcnt
IScotland} Aci 2005 and regulation 8 of Ihc Charitics Accounts (Scotlandl Regulations 2006 (a5
am¢nd¢dl.
Bgsis for opinion
We conductcd our audit in accordancc ￿'1[h Internaiional s￿ndard4 on Auditing (UK) IISAS IUK)) and
applicable la￿.. Our responsibilitics undcr those standard5 aTC furth¢r dLsLribed in the auditor's
responsibilities for IhL audit of thL finanLial statemenis section of our report. We ar¢ indcpcndeni of the
charity in aicordance wilh the eihiLal requirement5 thdl are relevant 10 our audit of th¢ tinanci21
statLnicnls in thc UK, Jn¥luding Ihc FRL % Ethi¢dl Siandard. and we have fuifillLd our othLr ethical
rcsponsibilities in accordancc with Ihcse rcquircJncnts. Wc bcliLk'¢ ihai LhL audii evidence we ha￿¢
obtained is sufficienr and appropriate to provide a basis for our opinion.
Contlu51ons relatlllg to golng concern
In audiiingy thL finanLial statL'mcnts. we havc conLludcd that thc trustCCS' Usc of thc guing Loncern bdsis
of accounring in Ihe prLparaiion of the finanLial statements is appropridle.
Based on the work w¢ have p¢rfornJed, we hav¢ noi ideniilied any marerial unLLrtainiies rclaiing to
ci'¢nts ur Londilions ihat, Individually or collLLtivcly. may casl si¥nifiLant doubl i)n th¢ Lharily'% dbiliiy
to continue as a going concern for a period of at least twelve monihs from when the financial statcmenis
arL auihoriscd for issue.
Our responsibilities and the re8pon8ibilities of the mi8tees with re.8pect to going Loncern are d&4cribed
in thc rclcvani sections of this repon.

The Hope Trust
Independent Auditor's Report to the Members of The Hope Trust (r¢p#il*s¢ed)
Year ended 31 December 2024
Other information
The oiher inforniation ci)mpri5es thc infonnation includcd in thc annual report. other than (he financial
statements and OUT auditor's rery)n therean. The tn5Stees are responsible lor the other inforniation. Our
opiniun on the financial slaiLillLnls does nut covLr thL othcr inlorJnat20n and. exccpt to thc cx(Lni
oih¢rwise explicitly slated in our report. we do noi express any fonn ot assurancL LunLIubion Ihercon.
In connection with our audii of the financial stalLmcnts. our r¢sponsibility is to redd ihe oiher
infi)rn)a(i()n and, in d()ingi so. consider wheiher Ihe other information is rndterially inconsistcnt with th¢
financial .qtalemeniq or our knaw'ledge obiained in Ihe audii or othenvise appears to bc matcrially
misstatcd. It. wc idcntits. such matcrial inconqis(cnLies or apparLni matcrial mi.5gtaiemcnts, wc arc
rLquired to d¢t<rtnine ￿.h¢ther ther¢ is a maleiial inissl4ltement in ihe financial scatcmcnts or a matcrial
misstaiemenl of the other informalion. If. based on thc work w¢ have ￿r1￿mIe& wc LonLlude Lhat there
18 a maierial missthiemeni ot-this other inlomation, we are required to r¢purt that fact.
We have nothing to reporl in this rcgard.
latters on Th'hich we are required to report by exception
In the lighi of Ihe kn0￿.1edgL and understanding of rhe charitv and its environment obtsincd in ihc COUTse
of the audit, we have not identified material missiatements in (he trustees, repon.
Wc ha￿'C noihing to rLpon in re.gpcci of ihc lollowing mattcrs in rclatiun lo which the Charilie4 ALLounts
{Scoilandl RLg¥ulations 2006 las amLndLd) rLquirLs lls to report to you if, in our opinion..
Ihe inforniaiion gii'en in ihe ttustees, r¥port iq inLonsisten( in any n)alerial respect ￿'1[h the financial
statements: or
dequate accouniing records have not been kept: or
Lhe linancial slalemenls are not in agreemeni with the accounting reLords and reiurns.. or
we hafv¢ noi received all the information and cxplanaTiOllq wc require for our audit.
Responsibililies of trustees
As cxplaincd more fully in the trusiees, res]Kinsibilities stdiemeni. tbe trustees are responsible for the
pi¢paralion ol'the financial siatements and for being satisfied thai (hey give a true and fair view, and for
such iniemal control as the irnsiees deiern)ine 1% neLe%%ary Lo enable ihe preparation of financial
tatcmcnl% that aTC frce from maicrial misstatemcnt. MihcthLr duc lo fraud ur Lrror.
In preparing ihe financial qtat¢m¢nt4, Ihe tru.%tccs arc rc8pon5iblc for asscssing ihc charity's ability to
coniinuc as a going conLcm, dibLlis9ing. a5 applicablc. R)attcrs rclated to going concLm and using the
going concern basis ol- aLLouniing unless the tnEst¢cs cither intend to liquidate the charity or to cease
operatinns. or have no r<dli5tic alt<mative but to do 40.

The Hope Trust
Independent Auditor's Report to the Ilembers of The Hope Trust
Year ended 31 December 2024
Auditor's Tesponsibillties for the audit of the financial slatements
Our objectives are to obtain reasonable assurance about whether thc finanLial stit¢m¢ntS' Ls a wh()le are
free from material missialemeni, whether due to fraud or error. and to i.8￿u¢ an auditor's rcport that
includ¢5 1)ur opinion. k¢a￿onable as%utance IS il hig*h levLI ol- assurance, bui is not a guarantcc that an
audit LonduLled in accordanLe with ISAS IL..K) will always d¢t¢LI a liidtcridl missUteIneni wlien il exists.
Mi.s.sratements can arise from traud or erroT and arc con5idcred mat¢rial if. individually 01 in ihe
aggregaie. thLy could rLasonably bL expccied to influcnce ihe cconolnic dcci%ion8 of u8crs lakcn on Ih¢
basis of Il)esc financial sialLmLnts.
Irrcgularitics, including fraud. arc in.%tanccs ol. noft-c(&mplianc¢ u'iih 12wg and regulations. We design
proccdurcs in line with our rcsponsibiliiies, outlincd aboi'c. to dctcci malcrial missi£ltcmLnrs in respLCt
of irtebFuldiities. inLludinb Irdud. The extent to whiLh our procedures arc capablc of detecting
irrLgularitics, including fraud is d¢Liilcd below:
at the planning slagTe. ￿'e gained an undcr5tanding of thc Icgal rcgulatory framework applicable
10 the Lharity and considered ihe Tisks of acts by ihe Lharity which w¢r¢ contrar). tu the applicable
la￿,.9 and rL'gulaiionq;
we dis¢ll%s¢d amongst thc ¢ngaL*ement team the identified laws and regulalions and rcmaincd alert
to any indscatiuns ol'non-compliance.
during thc audit. wc tocuscd on areas ot law% and re&?uldiiuns that Lould reasonably bL expected to
hai'c a matcrial effcct on thc financial statctncnts thr()ugh disLusgions ￿'1th trusteLS reviLw of
minutes of tNsiees' meetings in the year. We also considercd Ihosc oth¢r18ws and re¥ulaiiDns that
have a direct impaLI on the preparation of financial staiemenrs:
w¢ inquir¢d ot thc trust¢¢8 whethcr they have knowledgye of atty aLtual. suspcctLd or allcgcd fraud:
e discussed dmongst ihe engagemen( ieam ihe risk of fraud suLh opporturhiiie4 for frduduleni
manipulation of financial siatements.
Because of the inherent limitations of an audit. therc is a risk thdt wc will not dcteLt all irregularities.
including those leading to a maierial misstaiemeni in ihc financial siatCTnenis ur non-¢umpliance with
rcgulation. 'I'his risk incrc&qes ihe morc ihai compliancc with a law or rcgulaiion i.% rcmovcd trom (he
Ll'en￿ dnd trdnsaclions reflLLted in the finanLial slJtLmcnis. as wc will bc Icss likcly to bccoIne aware
of ins14inLes of non-complianLe. The risk i5 also ¥redier rebiarding irrebjularilies OCLurring due 10 fraud
rather than error, as fraud ini'olveq inteniional concealmeni. forgery. collusion. omission or
mi4reprcscntation.
As part of an audii in accordance wilh ISAS (UK). we exercise professional judgment and maintain
profc55ional 5CCPticism throughout ihc audit. Wc algo..
Iden(ify dnd dS5esS the risks of matcrial misstatement of the fJnanLial ststemenis. whether due io
fraud or error. design and perforni audil piocedure% re4p()n4ive lo those ri4ks, and obiain audit
cvidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detcciing a material missiatement resulting Irom Iraud is higher than tor ()ne resuliing from error,
as traud may inwolire eollusion, torBCry. intcntional omt8si0￿S, misr¢ptes¢ntations, or the override
of inlLrndl Lontrol.
Obtain an iinderstanding ot'inlernal ¢ontrol rclcvanl to thc audit in ordcr tn dc.8igTJ audit proccdurcs
that are appropriaiL in IhL cirLun15tances. but not for the purpose ol. expressing an opinion on the
¢ffcctivcncss of the intemal Lontrol.

The Hope Trust
Independent Auditor's Report to the Members ol. The Hope Trust fcYillrliiNéYI)
Year ellded 31 Decembey 2(b24
F.VdluiitL tIIL dPI)riJi)ri£ilLlTrttSb uf llLLuunliiig puliLiL% uy¢d uiid LIIL I'L(1SUll&ibl¢iiLs& (If acb()uiitiiig
¢sliJndt¢S dnd i'¢la(td di&Llu%ur¥s i￿4￿￿ by th¥ li'u%lc¢s.
C.oncludc on Ihc appi'opi'ialciiess (¥f Iliu ti'uslcLs' U%L of tlie going coD￿r￿ basis Df accounting and,
based on the audit evidLnce ubtained, whether a iiiaterial uncertdinty Lxists ielatcd to events L)i'
conditions that may cast significant doubt on rhe Lliarity'.s ability to continuo as a going concern.
If wc c(Incliid¢ th&t a mLttCTiJI unccrtainty cxists, wc ai'c rcquir¢d to draw attLntion tn ow. auditor's
rcport lo Ihc rclalcd disc10.￿ures 113 Ilic Iiiiancial slalcincntg or, if'such disclosurc8 are inadequatc,
lo In(Idity our opiniiin. Oui. Loncliibions ai'L basLd on IhL audit cvidenbc obtainLd up to the dalL ol-
oui- auditor's repoit. HowLver, future cvLnts or Loiiditioiis ii)ay cause thc charity to cca8L to
continue ab d byoing conceni.
Evaluate th¢ ove1?11 pr¢%Lntation, s¢TUCtui'e and caiilLnl Df Ilic financial stdteiiients, includingy the
disclosurcs, dnd whether tlie fiE)ancial stateinenls repiEserJt the utiderlykllbF ts"knsactions and events
in a manlier that acliiev¢s flliT prcscntation.
W¢ comiknunicale Kvith Ih()se chai'ged with govemaiice rLyLiarding, dmong other matters, the plAt￿¢d
scow and timing ol. thc audit and signiticant audit findings, including any sigllificant deficiencies in
inlciiial coiiliDI tliat we idcntily during our udit.
Use of our I'¢port
This rcport is niade solely to the Lharity's mcmbcrs, as a body, in accorddDCC with Rcgulation 10 of Ib
Lhariti¢.E Accourtt% {8coiland) R¢gulations 211116 tiTncndcdl. ()ur audit work has bccD undcituken so
Iliat wc Iniglit.8liilc In tlic cliarity'% nicmbcr.% t110.sty niattcr.s wc arc r¢qLiircd to $lalL to thcm in an auditor's
rcp()i't diid f(Ir iitl iithci. purpo%¢. T(} th¢ fulle%1 cxtLJII IJLI'niit(Ld by Idw, IVL do not &lLLLPt c)r a.%suiiic
I'cspoi)sibility to aiiyonc otlier tl)an tlie Lharity dnd Ilic charity's iiieinb¢rs as a budy, for oui. audit work,
for this repori, or toi" tlie upinioi)s we hAve fom1ed.
I,or <iiid on bbli(Ilt Lll.
CJibsoii MLKLI'ILII Buri'uwy Limitcd
C'.Iiai'tci'¢d acbiJuiilaiil.% & Sialutory Auditor
28 Ruil4iiJ Squdrty
Ediiiburgh
EHI 2BW
30 July 2025

The Hope Trust
Statement of Financial Activities
Ve4r ended 31 December 2024
21124
Unrestricted
funds Total funds Total funds
2023
Income and endowments
Ini'LbtniLni IllLOTJ)L
276.533
276.533
278.316
Total income
276,533
276.533
27R,316
Expenditure
Expenditure on charirable activities
Totxl expenditure
Net incomel(expenditure) before gainsl(lossesl on
ini'estmettts
(288,9321 (288,9321 (236.548)
1288.932) (288,9.121 (236.548)
(12.399)
(12,399)
41,7611
Nei gain&'llosses1 on investments
2Q6,25X
206,258
164.554
Net in¢ornel{expenditure) and nel moNement in funds
193.859
193.859
206.322
Reconciliation of fund5
Total fund% brought forward
Total fund5 carried fuTM'*rd
7,554,?86
7.554,286
7.347.964
7,748.145
7.748.145
7,554,286
The statcmcni of financial activitics includcs all gains And losses reeognised in the year.
All incotne and expendill￿e derive from continuing actii'ities.
All fijnds are unresiricted in na(ure.
The •ott$ 011 P#8e$ 10 io 16 form part of these fingneial 51*ttmtThts.

The Hope Trust
Statement of Finan¢i&l Position
31 December 2024
2024
2023
Trqole
Flyed assets
Invesuncnts
li
7,533.209
7.342,027
Current assets
C&sh ai bank and in hand
3U3.697
255.1$74
Credilor5- arnounts falling due
iihin one vear
12
88.761
43.615
Yet current assets
214.936
212.259
Total assets less current liAbilities
7,7414,145
7,554,286
Net a159ets
7,748,145
7,554,286
FuThds of ihe charlty
Unreslric￿d funds
7.7414,145
7,554.286
Tot#1 eh#rity futtdA
13
7,748,145
7,554.286
These tinancial Sli1temcnis were dppr(ii'¢d by Ihc board of tTu8¢ces and Ruthnrigcd for issuc on 30 July
?02f. aiid arc si
n¥d uii behalf of ihL board b
The Thoit5 Pllg￿ l• to 16 rom part of these 5tstcments.

The Hope Trust
Notes to the Financigl .Stgtements
Year ended JI December 2024
General iTbformation
The charity is a public benefit enrity and a registered charity in Scotland and is unin¢orporaled.
The addregs of the principal office is Glenorchy House, 20 Union Street. Edinburgh. EH13LR.
Statement of compliance
These financikl statements hkve bccn prcparcd in compliancc with FRS 102, 'Thc FindnLial
R<p()rtinkY Standard appliLablc in the UK and ihL Republic of ITeland', Accounting and Reponin
by Charities.. Siatcmcnt of Recommcndcd Practicc applicable to chariiie.s preparing rheir accounts
in accordancc ￿'1th thc Financial Rcporting Siandard applicable in Ihc UK and RLpubliL of Ircland
IFRS 1021 leffeLtiv¢ l Janu(uy 20191. Ichdrities SORP IFRS 10211, the Companies ALI 20U6 and
Ihe Chariiics and Trusice Investmenl Iscoildndi Act 2005 and the Charits, Accuunis Iscuilandl
Rcgulaiionq ?006 {a8 amcndedl. Thc chariiy con%tilutLs a publiL bencfii Lniity a% dLfincd by FRS
102.
Aecountlng policSes
Basis of preparation
The financiAI 5tateinents have bccn preparcd on thc historical cost basis. as modified by thc
rei'aludtion ol- c¢rtain financial asscrs and liabiliiiLS and invLstmLni propLniLS tlleasured ai fair
valuc through income or expenditure.
The tinancial statements ar¢ pr¢parcd in 5t¢rling, which is the functsonal currcT)cy of ihc cnlity.
Guln% concern
There are no matcri#l uncertaintie5 about the charity's abiliry to continue.
DlsclosuTe exemptions
Thc cniity saiislies the ctiteria of being a qualsfying entity as dclincd in FRS 102. As such.
dvantagc has b¢cn iaken of the following disLlosute exempiions aV￿l￿ble und¢r Pdrd&Frdph 1.12
uf FRS IUI:
lal No casl) flow s￿Lement hag bcen PrCs¢nt￿ for thL Lharity.
(bl DisLlosures in respeLI uf financial instrument5 have not been presented.
Judgements and key source5 of estim¥tion vncertaintt.
Thc prcparation of the financial gtatem¢nt% rcquircs managcmenE to makc judgcmcnts. estimatcs
and assumptions that affcct the atnounts rcponed. These ¢stimate_s and judgTcmcn15 arc continually
revic￿.Ld and dre based on experience and uih¢r faLt()rb, inLluding expcciaiions uf luture events
that ar¢ bcliLvcd to bL reasondble under thc Liicumstanccs.
Fund accounting
Thc charity has both capi(al and revcnuL funds, all of which are unrestricted in nature.
iu

The Hope Trust
Notes to the Flnanelal Stattments (¢wsfvoMedJ
Year ended 31 December 2024
Accounting policies (c4pntsn¥eAf)
Incoming resources
Incoming resourccs are included in lh¢ period in which thcy arc rcccivablc. which is when the
chariiy beLomes eniitled tu the rcsource.
Resourees expended
All expenditur¢ is includcd on an accnials basis and is recogniqed whLn there is a legal or
constnjctii'c i)bligalion to pay for cxpcnditure. All cosls hdve bLen directly uttributcd to onc ol'th¢
funLtional caiegToTies ofresources expended in the Stal¢mcnl ol- Financial ALlivitics. The Trust 15
not rcgisiLrcd for VAT and acLordinbily expenditure is .%hO￿.n gFroqg of irrLcovcrablL VAT.
Expenditure is alla¢atcd bet￿.¢¢n cxpcnsc hcadings on a dircct COSI basi5.
Inve5tmeDt5
Listed ini'estments are includcd in the account5 at their cU￿ent market value on the balanLe sheel
date. Other fJx¢d assct invcslments arc included ai Ihe mosi recently obtained markei i'dludtion.
Impairment of fixed assets
A review for indicators of itnpairmcnt is Ca￿led out at each reporting date, with the recoverable
amouni being <8timgted ￿'here such indicators exisi. Where the carrying* value exLeeds the
recoverable amount, the assLt Is impaired accordingly. Prior impaimients are reviewed for
possible re￿.erSa[ di edch reponing ddle.
For the purpos¢5 of impaimicnt tLsiing, when i( is nut pussible lo esliniate th< rcLI)vLrablc amount
of an individual assct. an es(imaie is mdd¢ Df tl)c IcLoi'crablc am()unt of the C￿h-generallng unit
tD whiuh ihe ￿Se1 belongs. The c&qh-generatinLi unit 14 the smallcsi identifiable group of &gseis that
includcs Ihc a.*ser and gLncrat¢g cagh inflows that largcly indcpcndent of Ihc cash inflows from
othcr assets or groups ol-ass¢tS.

The Hope Trust
Notes to the Financigl Statements (¢'ovrfMHedi
Year ended 31 December 2024
AccDuntin% policies
Flnanclal Instruments
A financial assct or a finanLldl liability is rec(Ignised only when the entity becomes a paty to the
Lontractual proi'isions of the instrument.
Basic fllhanLiai instnmienis are initldlly r¢¢ogFni5ed at the amouni receivable or payabl¢ including
any r¢l2ted tran%aLtion custs, unl¢s5 the arrangTcmcnt constitulc5 a finanLing' transaclion, ￿,her¢ it
is rttogni8¢d at thc pr¢.%ent value of ihe tuture payments discounted at a market rate of inierest for
a similar dcbi instrumcnl.
Current asscts and currcnt liabilitie.% arc subscqucntly mc&%urcd ai lh¢ ¢a%h or oihcr con%idcration
cxpcctcd to bc paid or rcccivcd and not discounicd.
Where investment.s in shares or preference sharLs are publicly traded or their fair value can
ih¢rwis¢ bc mca%urcd rcliably, thc invc%tmcnt is sub5Lqu¢nily me￿$ured ai fair value ￿,1￿7 changes
in lair value recognised in income and cxpcnditurc. All othcr such invcstm¢nis are subsequently
mcasurcd al cost less impaimiLni.
Financial assets that arc tllC2surcd at cost or amortiscd cost arc rcvicw¢d tor ubjcctive cvidcnce of
impairment ai thc cnd ol- cach rcporting datc. If thLfL IS objLCliI'C cvid¥ncc ol. Impairmcnl, an
impaim)cni108s is rccognised under ihe appropriaie heading in the statemeni of financial acti￿￿tIcS
in ￿hleh the iniiial gain was rccognisLd.
Any r¢vcnkils of iTnpiiinncnt arc rccugylliscd iinmLdiatcly. lo thL cxtcnl that thc rci'Lrsal di)es noi
re8ult in d catryingr am()uni ol'ihc Iinancial 41ssci that CXLe¢d& whai ihc c8tryin&F amvuni would have
b¢en had the impairment not previousl). been recognised.
Investment Ineome
Unresiricted Total Funds Unrestricted Total Funds
Funds
2024
2023
Income from listed invesunenis
Blink int¢rcst rcLLivablc
270.499
6.034
270.499
6.034
274.102
4.214
274,102
4,214
?76,533
276,533
278,316
?78.316
l2-

The Hope Trust
ilotes to the Finanelal .Statement5 IconliMwÉafJ
Year ended 31 Deeember 2024
ExpenditUTe on charitable activitie5 by fund type
Unre5trictcd Total Funds Unresiricted Total Funds
2024
Funds
2023
To promote teinperance and to ¢ombdt
all forni.% 014ubsianL¢ ttbus¢
Ti) promoic the Reforn)cd tradition
Suppon costs
74,000
143.()72
71,260
74,000
143.679
71,260
62.500
104.386
69.662
104,3116
69,662
288.932
288,932
236,548
236.548
Expendlture on eharlt4ble actlvities by actiTrit)' type
Activiiies
undenaken
dircctly Support costs.
Total funds
2024
Total fund
2023
To promote tempernncc and to Gombal
all fornis ol-substincc abuse
-ro promot¢ thc Rclomicd tradition
Goi'cTnanL¢ Lusts
74.0()O
143.672
74.000
143,672
71.260
62.500
104.386
69,662
71,260
217.672
71.260
288,Y32
236.548
Support costs
Support costs Total 2024 Total 2023
Finance cO￿t
Goi'Lmance costs
Management fees
Oiher LOSES
27.065
5,400
36,000
2,795
27.065
5.400
36,000
2.795
25,586
5.400
36,000
2,676
71,260
71.260
69.662
Net (losses)Igains on In*estmentS
Unrcstrictcd Total Funds Unresiricied Total Funds
Funds
21124
Funds
2023
Gainslllosgeq) on investment assets
206,258
706.258
164,554
164,554
13-

The Hope Trust
Notes to the Flnancial Statements
Year ended 31 December 2024
Auditors, remuner#tion
2024
2023
Fees pa)'abl¢ for thc &udit of thc financial statements
5,400
5.400
10. Trustee remuneration and expenses
Trustee exp¢nq¢q totalling £1,600 {2023 £1.600) were paid to 5 trustces during the year {2023 -
6 trnstces). Thcsc cxpenscs rclatc to subsistcnce incurrcd.
I l. llli'e5tments
Llsted
Invesiments
C05t or vAluation
At l January 2024
Additions
Disposals
Other moi'ements
7.342.027
626.175
1642,0841
207.091
At 31 December 2024
7.533.209
Itllpairment
At l Janu&rv 2024 and 31 December 2024
Carrying xmnunt
At 31 December 2024
7.533.209
At 31 D¢c¢tnb¢r 2023
7.342,027
All investment.4 shown abovc are hcld a( valuation.
Flnancial assets held at fair i'alue
LiS￿d invcstm¢nts at fair value comprised..
2024
2023
UK Quoted fixed inieresl securities
UK Quoted shares
Non-UK Quotcd sharcs
Other UK sccurities
551.866
2,352,709
4.244.644
3%_3,9911
5M),448
2,578.478
3.797.664
405.437
7.533.209
7.342,027
The fair k'dllle of invesiments is their markei value at the year end.
14-

The Hope Trust
Yotes to the Financial Statements (conlrRutdJ
Year ended 31 De¢ember 2024
12. Creditors: amounts falling due within one year
21124
2023
AcLruals and def¢rred incomc
88.761
43.615
13. An41ysls of eharii#ble fund5
Unrestr5cted funds
At31
Gains and December
losses
21124
At l January
2024
Incomc Expcnditurc
R¢vcnuc fund
Capital tund
222.122
7.332.164
276.533
{261,8671
127,065)
236.788
7.511.357
206,158
7.554,286
276.533
{288,9.121
206.258
7.748.145
At31
D¢Lember
2023
At l January
2023
Gains and
losscs
Income Expenditure
Revenue fund
Capiul fund
154,768
7.191.196
278.316
1210,962)
125.586)
222,122
7,332.164
164.554
7.347,964
278.316
(236,548)
164.554
7,554.286
14. Analvsis of net assets between funds
Unrc5trictcd Total Funds
Funds
2024
Investmenis
Currcnt asscis
Crcditors less than l year
Net assets
7,53.3,209
7,531,209
3113,697
(88,761)
188,761)
7,748.145
7,748.145
UnresiriLted Total Fun(ts
2023
Invcstmcnis
Current assets
Crediiors le4% ihan l ycar
Net #s$ets
7,342.027
255.X74
143.615)
7,554,286
7.342,027
255,874
143,6151
7.554.286
Is

The Hope Trust
Notes to thc Financial Statements
Year endcd 31 December 2024
15. Related parlÉes
The Tmsi in¢urred managcmcni cxpenses of £36.000 {2U23 £3h,1111111 wilh Drummond Miller
LLP. £18.000 1?0?3 _ £18,0(J)I remained outsianding al ihe year end dale.
IS %¥Lfridry uf The Hope Trusi and a Senior Managing Paralegal wilh
Drummund Millcr LLP.
Du¥in¥ thc year, the Trnsi provid¢d a grant of £4.000 12023 £3,(K)01 to Aberdecn C¢nir¢ for
Priiic%fi?nl Thcoloryi,.
Is a truslee of The Hope TrLLSt 2nd one of the founders of Aberdeen Centre
lur I)rul￿￿t￿lI I IiiL)Iu&J.
During the year. the proi'ided grani.% tijtslling £Nil12O21- 14.nnn) lo the PitLsburgh Theology
Seminary joint programmc. In &%%nLialion with Fdinhurgh lJnii'erqity.
% d rru5tee of The Hope Trust and the Professor of Bible and Literature and
Priniii)al i)l-NL'i¥ l.iillLkll Wlthin Edinburgh Universiry.
Durinu thc l'ear. the TNSI proK'ided a gran¢ cif £3.000 {1023 _ £3.000) to Theology in Scotland.
Is a trustee ot The Hope Trusi and Ihe Chair of the Editorial Board of
Duiing ili¥ lh¥ Trusl pruvided d o1.£3,0(M) (2023 - £Nill to ihe 3ril HawiLk Bdiialion of
Lhe Giilts, BrigTJi dc.
1% a truste¢ of Th¢ Hop¢ Trust and thc Minister ftsr Ilawtck.. Wilton Parish
ChurLh. w'hiih is Ihc Church of Ihat baltalion.
UTing the s'ear. the Trust prok'ided a grant uf £1,000 (2023 _ £1,000) to the Handsel Trust_
is a trustee of The Hope Trnst and a tnLStcc for the Handsel Twst.
16

The Hope Trust
Management Informatlon
Year ended 31 December 2024
The following pages do not form part of the fjnancigl ststements.
17

The Hope Trust
Detailed Statement of Financial ActiTrities
Year ended 31 December 2024
21)24
2023
Income and endoThment5
Investment inctsme
Income from listcd Ini".estments
Bank inicrc%t rcccii'able
170.499
6.034
274,102
4.214
Total income
276,533
278.316
Expenditure
ExpcnditurL' on chlrliable activities
OthLr donatiiins cxcccding £25.111)O cach
John Hope Scholarship
Student granis
Pi)4t-doctoral fellowship
Scottish Refonnation So¢idy
Pri7CS
Donations
Pitisburbh ThtologiLal Semindry birdnt5
Aberdeen Ccntrc lur Protestan( Theulugy grant
Future With Hope Conterence
74,OIK>
3,750
27,000
38.044
2.580
2.4UU
64.500
62,5(K>
2,500
3X,000
17,706
2,580
2.600
34,000
4.000
-i.(M)O
4.onn
1.39X
217,672
166,1486
CJovernan<e Costs
Druinniond Miller LLP nianagcmcni fees and outlays
Audii le¥
Portloli() management fee$
Tru8ieL Lxpcnscs
Othcr cxpcnsLS I (income) irlcluding InSur￿¢t
36,000
5,400
27,064
1,600
,195
36,000
5,400
25,5FI(I
1,600
1,076
71.260
69,662
Total expenditUTe
2x8.932
236.548
Net income/{expenditure) before gainsl(lus$es) on investments
112,3991
41,7fi8
Net xains1{losses) on Investments
Ctrain%i(lossesl on ini'estmeni asset
206,258
164,554
Net incomellexpenditure)
193,859
206.322
18-

The Hope Trust
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
21123
Expenditure on charitable actlvltles
To promote temperartce snd to combat all forms of substance abuse
Aciivitie.¥ undertoken direetl
Jlasgow StrL¥t P&I510rs
CCAST Hibhland
Edinburgh City Mission
Edinburgh & Lothian Council on Alcohol
Addictian Rccovcry Centr¢ KiTkintilloch
Cdirns Counselling
Aberdeen Str¢¢t Pastors
H()pe Church Roy.qton
Junction 12
Edinburbyh Young Carers
New Team
Scoiiish AILohi)I Counselling
Streei ConneLt
YMCA Bell%hill
Christian Aid- Middle East Crisis Appeal
Th¢ Shcd Projeci
Flarbour Ayrshire
Riverside Community Trust
LAYC
Church Atmy IDundee Cenrrc of Mission)
OLher donations nor exL¢cding £2,00012023 - L2,11001 each
3.000
5.000
5,000
2.000
2,UOO
3.0110
.3.U(Ml
3,000
3,000
3,000
3,000
3.000
5,000
5,500
3,000
3,000
4,500
3,000
3,000
3,000
2.000
25.000
5.000
3,000
3,IlUO
2,500
2,500
?0.000
?,O(M)
12.50n}
74.000
62.500
19-

The Hope Trust
Notes to the Detailed Staternent of FlnAn¢i91 Activities
Year ended 31 December 2024
2024
F.xpeTtditure on charitable activities
To prumote ihe ReformL.d tradltion
ALllI'ilies underioken direcilj,
Jtshn Hope Scholarship
Student gyrdnts
Posi-docloral tellowship
SLOttish Relorniation Society
PIiA¢5
Future With 14ope Confercnce
Pittsburgh Theological Seminary grants
Fresh Stdrt
Hebridcs Alpha Projcct
Church Ser¥'iLC Socicty
Scolrish Cliurch ThLological Society
Boy5 BribTfd dc- Gldsgow
Boys Brigdd¢- Paisley
The Haven Kilmalcolm
Simpson Flousc- C rossrLach
Girls Brigade 3rd HdWILk
Scottish Church History Society
Aberde¢n Ccnire for Prntcstani Thcology grani
ThL Barn Project (St Manin's Mcmorial Church)
Quiet Waiers
Thcology in SCotl￿d
Other donaiiorEs nor ex¢c¢ding £2,00012023 - £2.000) each
3,750
27.000
38,044
2,580
2.400
1,398
2.500
38.000
17,706
2,580
2,600
4,0(M)
5,000
15,000
3.000
3.000
4.000
3.000
3,1100
3,000
15,IlUI)
3.000
2,500
4.000
2,500
2.5UO
3.000
5.000
3.000
2,000
2,Iinn
3.000
J,000
11.000
143,672
104.386
Total expenditure on charitable activities
217,672
166,8%6
20-