Charlty registration number SC0417701Scotland) HOPE KITCHEN SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOPE KITCHEN SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trusloe8 (Appointed 28 November 2024) Charfty reglstratlon Scotland SC041770
HOPE KITCHEN SCIO CONTENTS Page Trustees, report Independent examinef's report statement of financial activities Balance sheet 10 Notes to the financial statements
HOPE KITCHEN SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment {Scotland} Act 2005. the Charities Accounts (Scollandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 IFRS 102)" Objectives and activities The charity's purposes are: the advancement of citizenship and community development. the relief of those in need by reason of age, ill health, disability, financial hardship or other disadvanlages, ensuring that vulnerable people with alcohol, drug and mental health problems in Oban. Argyll are not excluded by their particular circumstances in terms of social welfare and are given opportunities for support. to provide opportunities for support, food, shelter and friendship which are not nessarilY available through mainstream structures to people with alcohol, drug and mental health problems in Oban. We aim to treat everyone with respect and sensitivity, fecognising the unique value and dignity of each person. Our core va5ues are.. Compassion Integrity Respect Acceplance Encouragement Public benefil The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the charity should undertake.
HOPE KITCHEN SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Green Shoots The Green Shoots community garden has been running for over 10 years and continues to thrive in the new location below Dunollie Castle. The garden relocated from Glencruitten Woods to Dunollie in November 2023. In under 18 months the team, made up of mostly volunteers, has transformed a jungle of brambles and giant weeds and created a beautiful, productive and diverse garden. Volunteers have very much been part of the creative process of designing and implementing a beautfful productive garden from scratch. Now much of the infrastructure - which includes a chicken coop, growing beds, equipment storage, the re-loacted yurt and a new outdoor Cooking area is in place more of the community are able to tske part in creative, horticultural, constructional and other practical and environmental activities. The garden is used daily by individuals and groups, as well as holding regular open days. Monday.. Construction group who having completed the amazing outdoor kitchen area, continue to design and landscape areas of the garden as well as build birdboxes . raised beds etc. This group is encouraging those who are more interested in wood work, and working with tools than horticulture. (Average attendance of 6 people). Tuesday.. The garden stays open until 7pm. Volunteers carry out a range of horticultural and maintenance activities, and now there is a workshop tool maintenance and construction aclivities continue. Wednesday. Open Space and volunteering Open Spa group offers a range of therapeutic creative green woodworking and craft activities utilising natural materials . A meal is shared and cooked by participants. People also come to the garden to continue with their own projects as well as general volunteering. (Average of 10 to 25 volunteers, including visitors}.Thursdays.' Volunteering. Many groups also visit on a Tuesday and Thursday to enjoy the space and socialise. The yurt is regularly booked out throughout the week for small groups to get together. (Average of 10 to 25 volunteers, including VItors) , Fridays.. Oban High School group plus visitors {Average of 6 - 12 people} Open Garden Saturdays are held every month from April through to September. 35 people attended April's open day. The Apple day last September saw 200 plus visitorsl participants. These days give the wider community a reason to visit the garden and experience the benefits of being outdoors. The garden welcomes a variety of groups to enjoy the space including music groups, cooking groups, and a variety of environmental workshop. We work closely with Community Mental Health team as well as local charib'es. Many people coming to the garden do so with support with a view to participating independently. Many people who struggle in more formal or indoor settings find the garden a place where they can make connections with other people, feel safe. valued, gain confidence and thrive. Re Store Re_store. 'more than a charity shop,, opened in March 2024 in Oban with Hope Kitchen as the lead FArtner. The Re Store shop is in a high street location that was empty for five years prior. The shop has improved the look of the Main Street, and has become a hive of activity. Re Store operates as a secon&hand shop while also serving as a community hub and events space in the town. It runs workshops on waste reduction. encourages circular economy practices, and supports local businesses and charities through various initiatives. By offering a diverse range of reasons to visit and keeping prices affordable, Re_stofe attracts a broad cross- section of the community-both those who choose to shop sustainably and those who rely on its affordability. This local spending not only generates revenue for community projects but also boosts footfall traffic to nearby high street shops, fostering community pride and eco-consciousness. The shop primarily repurposes and recycles donated items, including books, clothing, and household goods. Additionally, it facilitates a rescued food project aimed at minimizing food waste. While Hope Kitchen has extensive experience with food banks, this initiative focuses on reducing landfill waste and creating an open, collaborative system for food sharing There has been a 58Q/o reduction in foodbank use since the Rescued Food area opened in June 2024 and it brings a steady income stream with customers generally paying a suggested £2 per bag donation. A small workshop space supports minor repairs and "make do and mend" sessions, with crafters successfully running three workshops per week to help visitors repair clothing and texliles Re Store's awardwinning themed window displays are a fantastic visual community signposting tool. It promotes local and national events and local partner organisations through its window displays.
HOPE KITCHEN SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perforniance Significant activities and aChVementS against objectives This year, as with every year, we are always really encouraged by the support of funders, donors, volunteers and our local community who ensure that we can keep on providing a service for the community of Oban, Lorn and the Isles. Our core funders are The National Lottery CommLFnity Fund and Awards ForAII, The Robertson Trust, The People's Health Trust, Scottish Power, HSCP Alcohol and Drug Partnership, Scottish Government's Investing in Communilies Fund and the Community Mental Health and Wellbeing Fund. In addition to this we have received smaller grants from Neighbourly, the Common Good Fund, Argyll and Bute Council, Arnold Clark, Oban Common Good Fund, 8id40ban, Celtic Football Club and The Wood Foundation. Over the course of the year we have received around £225,000 in grant funding. Over £50,000 has been donated by people who regularly give to the organsation, in addition to this we have, through service user donations raised another £10,000. The Re Store shop has generated, in its first year, £190,000 approximately for use by Hope Kitchen and other local charities, to improve the lives of those in our local community. As well as the amazing amount of clothes and household ilems donated at Re_store, the food donated for the food bank and the fundraising events organized by the community over 80 volunteers have been an invaluable resource for the ongoing development of the service. Foolfall and Volunteer Hours April 2024- March 2025 Volunteer Hours 4160 2447 890 1672 5670 624 15463 Fooffall New Hope Café Green Shoots Rescued Food - Re Store ' Workshopsl Craft Events- Re Store ' Re_store Shop Trustee and Steering Groups Total 9077 2315 2967 542 53000 122 68023 Rescued Food and Workshops started in June 2024 and so Ihese figures are based on 8 months. In November 2023 Hope Kitchen took over the lease of a shop and in March 2024 the shop was opened to the public as a charity shop, rescued food shop and a clothing repair workshop Re Store "more than a charity shop" has quickly established its self as a vital and well loved new addition to the community. Not only s it a place to get affordable items it has become a place where people come and experience community- It is a great exanple of the value of collaborative working. In November 2024 Re_store's innovative practice was recognized as it won Scottish Power's Innovalion Award This award came with an additional £10,000. In June 2024 the Green Shoots Team was recognized by Argyll and Bute TSI as the Volunteer Team of the year. This is because of their great resilience in adapting to the change of Green Shoots Garden from Glencruitten to Dunollie. This took an immense amount of work and involved finding really inventive and novel ways of moving all the equipment and many of the plants. The Winter Feslival in November 2024 gave Hope Kitchen a chance to show case the work of all of the participants in the organisation. Participants made lanterns and took part in the procession, the New Hope craft group and the Re_store workshops made and sold items at the craft fair, ran winter workshops at Re Store and we held wreath making workshops al Green Shoots and New Hope. In December our Christmas Tree was runner up in the yearly St Conan's Christmas Tree Festival. This was a joint project including all three services. Over the Christmas season we gave out Christmas gifts to over 500 people through our Christmas Gift scheme both in and around Oban and orb Mull. We were able lo take our volunteers out for a spe¢ial Christmas meal and We were also open throughout the festive season with 35 people enjoying Christmas Day with us.
HOPE KITCHEN SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In March the staff team and trustees had a development day, facilitated by Argyll and Bute's communily development worker, where we reflected on what we are doing well and want to do more of and areas for development. We also reviewed the current needs of our community and the areas we could have an impact on. This was a really fruitful day and a lot of the outcomes have fed into our new business plan. In March we, along with our collective partners, hosted and facilitated a partner event where we explored what a healthy and wealthy Oban could Ii)ok like. We also provided a community meal, made from rescued food for 180 people and then had a great celebration with a fashion show, using local people as models with our oldest model being 90 years old All the clothes came from or were made at Re_store. It was a really good showcase of sustainable fashion and a great way to engage with our community. In April one of our volunteers with lived experience of drug and alcohol issues successfully gained a plament on the Scottish Drugs Forum's training programme for people in recovery to become drug and alcohol workers. He is completing his placement at With You and is the driving force behind the new Recovery Community plans. We have had three films made that showcase our work. Fashion show Re Store Fashion Show 2025 Hope Kitchen Hope Kitchen Re Store Re Store - More than a charity shop in Oban, Scotland New Hope Café The New Hope Café is open six days a week, offering a vegan homemade soup. plus a daily special of toasties, jacket potatoes, sandwiches or similar. It also hosts an evening meal every Tuesday and Friday. Where possible ingredients used to prepare the food come from surplus food donations from local supermarket partners including Tesco, M&S Food, Bookers, Lidl and Aldi. The café service each day is run by one member of the staff team, and 2-3 volunteers. Activities are also offered every afternoon once lunch service has finished. These include.. Faith fellowship group - which is open to people of all faiths and no faith. Craft group - a lively group where different guided craft activities are available each week, with creations to take home. or be featured as some part of the Community's work, writers group- an encouraging group supporting individual's personal writing from short stories to poetry, Talks@2 - Guest speakers are regularly invited along to present on topics of interest. Music group an afternoon of music-making, for anyone of any abilities, and for those who want to come along and watch and singalong. In addition, regular quizzes, bingo and karaoke sessions are hosted at the ¢afé and online. A team of staff. volunteers and service users also heads out Mice a month to litter-pick along the local shoreline in Oban, encouraging people to engage in keeping their environment clean, whilst meeting new people and being active outdoors. Hope Kitchen also has been running regular cooking courses over the last year to encourage attendees to enjoy cooking, and to cook more regularly for themselves using cost-effective recipes. This has developed into a weekly community dinner where those attending contribute towards making the dinner, and then eat together family style. A food parcel service is for anyone experiencing financial difficulties, it accepts self-referrals or referrals from local organisations. Grocery donations are gratefully received from the public, organisations such as local churches and via donation baskets in Tesco, Lidl and Aldi. Financial review 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 month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, 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 maintained throughout the year.
HOPE KITCHEN SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods Future Plans The Re_store shop has become, very quickly a vital part of the Oban landscape and through the Scottish Land Fund and the neTrMy established Oban and Dislrict Development Trust IODDT), there is a possibility the community could buy the shop and then hold it as an asset for the community- Hope Kitchen would then lease the building from the ODDT. The ODDT promises to be a really useful resource for Hope Kitchen to support long term plans. We plan to develop the rescued food service so that the use of the food bank is further reduced. At Re Store we also plan to offer a wider range of workshops and offer them at the weekend and in the evenings so that families and people who work in the week can access them. At Green Sht)ots we plan to open our outdoor cooking space and have that as a great community space to help people to be able to cook food directly from the garden with an aim to promote healthy, sustainable eating and to give people a chance to improve their skills. We aim to inslall a composting toilet and create an actessible area of the garden with an indoor growing area and better pathways. Moving to Dunollie has given us a great opportunity lo run evenls in collaboration yth the Dunollie Trust and créate more opportunities for Ihe local community to access, learn from and enjoy a local land mark. As a partnership of organisations within the CCC we hope to share our learning with other areas and to help olher organisatiolls and localities lo be able to benefit from our approath of collaboration not competition. In May we plan to hold a Celebration of Recovery with a concert in the Station Square and this will be the launch of the new Recovery Community in Oban which will be a peer to peer support group in Oban meeting a vita need especially for people who have experienced problematic drug use. We are also developing our advisory group for Hope lQtchen by amalgarnating our New Hope and Green Shoots groups and advertising for new members lo ensure that our decision making and strategic development focuses on the views and ideas of Ihose who use the service and the wider comrnunity. We plan to, with the closure of the Argyll Wellbeing Hub, to work with some ol their volunteers to look to continue some of the servi$ that they provide, as their closure could impact on the opportunities for people with mental health issues to get help and support. The garden could be a really good space for some of the sessions, as could New Hope and we would seek to continue the walks as the positsve impact of walking is well evidenced. This would be done in collaboration with other organisations. With the increase in community sentences issued through the courts Hope Kitchen is going lo be building on its relationship with the criminal justice team to offer more placements to people on unpaid work placements. especially people for whom the squad is un5Ultable. This is due lo the excellenl outcomes we have had as an organisation supporting some of the more vulnerable offenders to complete their sentences successfully. Over the past year we have been able to provide. through the shared prosperity fund, a placement for someone who has been unemployed for over a year. We plan to continue to offer more placements for more people and extend this through sourcing olher funding to be able to provide more long term unemployed people to benefit, as the feed back has been, due to our nurturing approach, that we have helped to remove barriers for people who have not worked for a long lime to achieve employment This year has been a very busy and fruirful year and again the tharrty has received a lot of supp(xt to help people towards reaching their potential and flourish Structure. governance and management The charity is a company limited by guarantee . The trustees who served during the year and up to the date of signature of the financial stalements were.. {Resigned 25 September 20241 {Resigned 25 September 20241 (Resigned 25 September 20241 (Appointed 28 November 20241
HOPE KITCHEN SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recnjitment and appointment of tnistees 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. Relationship with wider netwo Service Partners Hope Kitchen is fortunate to work closely, and in collaboration with many local organisations and without this approach we would not be able to provide such a breadth of support to some of the most disadvantaged groups in our community. The Connecting Communities Collective (CCC) partnership is in its third year and continues to gather like-minded community groups to work together, in partnership, to pool resources, work collectively on projects, realise synergies and avoid duplication of effort on a local level. Our most recent funding request in 2023 to the Community Led Local Development Fund, has stemmed from this collective effort. April 2024 marked the second year of this funding. The focus is on developing and offering health and wellbeing programmes and events for community members, especially those experiencing hardship associated with access to food, fuel poverty and mental health., continuing dialogues with wider partners in order to identify strengths and gaps., and work together with wider partners to address these gaps and expand on our shared efforts to serve our communities. Hope Kitchen's Partners at the core of the Collective are Healthy Options, ALIEnergy, Youth Café and Atlantis Leisure. Other local organisations that Hope Kitchen works closely with include. Carr Gomm, Home-start Lorn, Job Centre Plus, Link and Connect-Developing Potential, offer those with poor mentsl health, support with various reSoUrs, Live Argyll-community Learning, Mecopp, a specialist service working with Gypsyffravellers, NHS Community Mental Health Team. North Argyll Carers Centre, Oban High School's Support and Guidance Departments, WeAre With You and Scottish Families affected by Alcohol and Drugs. Hope Kitchen also sits on the health and wellbeing neork. In addition the service manager of Hope Kitchen is also the co- chair of the Alcohol and Drug Forum which brings together statutory and non-statutory agencies to formulate a local approach to drug and alcohol issues in the area. This has helped to highlight some emerging issues and work together to have a meaningful impact. This year Hope Kitchen has run an awareness campaign to promote alcohol and drug recovery in Oban Lorn and the Isles. This has included training sessions, an article in the Oban rimes featuring the anonymised recovery journey of one of our volunteers, a leaflet and an online resource for people to be able to know how to get help. A steering group of people wilh lived experience wa5 also established to start a Recovery Community. They visited other recovery communities and met on a weekly basis to form relationships and to plan the community.
HOPE KITCHEN SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Volunteers Volunteers are the life blood of Hope They not only help to keep the services running they are fvjl of amazing ideas and have a lol of gifts and skills they contribute to the community. Volunleer Snapshol has been part of the New Hope Café family since April 2023, joining us through the Positive Destinations pragramme. Since then, she's been volunteering twice a week and what a difference she's made! With her catering background from Argyll College, she's a real asset in the kitchen, helping prepare and serve meals. making desserts, and keeping everything running smoothly. was recently awarded Young Volunteer of the Year 2025 8t the TSI Volunteer of the YearAwards. Bul it's nol just her skills that shin&-it's her spirit. Naomi brings energy, honesty, and a great sense of humour to every shift. She's kind, especially viith those who need a little extra help, and she'5 always ready to pitch in, even with the less glamorous 'ob Over time, we've seen grow in confidence and take on more responsibility, including helping out with the food bank. De5Plte facing some tough personal challenges, she's remained a positive and reliable presence. She's a brilliant example of how volunteerinfvespecially when supported by programmes like Posilive Destinalions-can be a two-way street, offering real growth and connection for bolh the individual and the communty This year we asked our volunteers about the impact that volunteering has. Here are a few of the responses. "Volunteering helped me to feel more Gonfident about myself and helped me oul of my anxiety." .1 feel I have valuable skills thal I can share. °The first day I started I was nervous and scared and both Catriona and Rachel werè very helpful 8nd reassunng and made it a lot easier for me, now I go in and get on with it." One of the most benefiaal elements of our volunteering prc¥Jramme is how easy rt is for people to develop from being a partiCiP8nt in Hope to then becoming a volunteer. The trustees, re ort was a proved by the Board of Tfustees. 22 December 2025
HOPE KITCHEN SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE KITCHEN SCIO I report on the financial statements of the charity for the year ended 31 March 2025, which are sd out on pages 9 to 19. Respective r85ponsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the term$ of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(cl of the Charities Accounts {Scollandl Regulations 2006 does not apply. It Is my responsibility to examine the financial stalements as required under section 44(1)(c) of the Chanties and Tnjstee Investrnent {Scotland) Act 2005 and to state whether particular matter5 have come to my attention. Basls of independent examiner's statement My examination is carried out in accordance wrth Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a Comparis¢ of the financial statements presented with those records. It also Includes consideration of any unusual rtems or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial siatements. Independent examiner's statement In the course of my examination, no matter has come lo my attention 1. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investrnent (Scotland) Act 2005 and Regulation 4 of the Charities Accounts {S¢olland) Regulations 2006, and to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached 22 Oecember 2025
HOPE KITCHEN SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities Investments 73,506 156,967 2,137 214,708 288,214 156,967 2,137 43,785 6,358 206,950 250,735 6,358 Total income 232,610 214,708 447,318 50.143 206,950 257,093 Expenditure on: Raising funds Charitable activities 2,578 78,703 1,020 273,160 3.598 351,863 1,340 103.204 4,779 183,431 6,119 286,635 Total expendlture 81.281 274,180 355,461 104,544 188,210 292,754 Net incomel{expenditure) 151,329 (59,472) 91,857 (54,401 } 18,740 (35,661) Transfers behyeen funds (11,321) 11,321 Net movement in funds 151,329 (59,472) 91,857 (65,722) 30,061 (35.661) Reconciliation of funds". Fund balances at 1 April 2024 86.961 74,672 161,633 152,683 44,611 197,294 Fund balances at 31 March 2025 238.290 15,200 253,490 86,961 74,672 161,633 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
HOPE KITCHEN SCIO BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 11 21,076 17,170 Current assets Debtors Cash at bank and in hand 12 3,952 234,374 3,952 148.383 238.326 152,335 Credltors: amounts falllng due wlthln one year 13 (5,912) (7,872) Net current assets 232,414 144,463 Total assets less current liabillties 253,490 161,633 The funds of the charity Restricleé income funds Unrestricted funds 14 15 15,200 238,290 74,672 86,961 253,490 181,633 The financial statemenls We approved by the trustees on 22 December 2025 Trustee 10-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Charity Informatlon Hope Kitchen SCIO is a INSERT CONSTITUTIONAL DETAIL. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document. the Charities and Truslee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charilies SORP "Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. 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 lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unreslricted funds are available for use at the discretion of the trustees in furtherance of their charitsble 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. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 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. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donalion, unless performan 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. Legacies are recognised on receipt or olherwise if the charity has been notified of an impending dtstribution, the amount is known, and receipt is expected If the amount is nol known, the legacy is treated as a contingent asset. 11
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued 1.5 Expenditu 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 Expenditure is classified by activity. The costs of each activity are made up of the total of dir&t costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those actJvitES on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 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.. Plant and equipment Motor vehicles 150kn on reducing balance 25% on reducing balance 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 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 lif any). 1.8 Cash and cash equlvalents 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. 1.9 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 iransaction, 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. 12-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued} Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the P sent 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 ordin*y 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 deCogniSed when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entillement 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 teminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donatlons and legacies Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Donations and gifts Grants 58,006 15,500 5.450 209,258 63,456 224,758 39,785 4,000 2,542 204,408 42,327 208,408 73,506 214,708 288,214 43,785 206,950 250,735 Income from other tradlng actlvltles Unrestrlcted Unr8Strlcted funds funds 2025 2024 Fundraising events 156,967 6,358 13-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 2,137 Expenditure on raising funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Fundralslng and publicity Other fundraising costs 2.578 1.020 3,598 1,340 4,779 6,119 14
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Heading
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2025 Headlng
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2024 Direct Costs Staff costs Depreciation and impaiment Food Costs Insurance Light & Heat Telephone Sundries Rent Repairs & Renewals Travel Office Costs Training Workshops Capital & Equipment Freelance 224,996 4,642 153,783 9,687 11,449 3,705 6,631 1,522 2.038 16,461 8.297 5.086 1,614 979 49,518 6,871 2,259 15,844 3,079 21,850 30,200 9.320 2,055 2,466 972 11,945 12.000 341,628 277.641 Share of support and governance costs (see note ) Governance 10,235 8,994 351,863 286,635 Analysis by fund Unrestricted funds Restricted funds 78,703 273,160 103,204 183,431 351,863 286,635 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(creditingl'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1,900 4,642 1,900 9,687 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 15-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Managers &Assistants 12 Employment costs 2025 2024 Wages and salaries Other pension costs 212,033 12,963 148.479 5,304 224,996 153,783 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11 Tanglble fixed assets Plant and equipment Motor vehiclos Total Cost At 1 April 2024 Additions 15.822 8.548 11,035 26,857 8,548 At 31 March 2025 24,370 11,035 35,405 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 4,858 3,091 4,829 1,551 9,687 4,642 At 31 March 2025 7.949 6,380 14,329 Carrying amount At 31 March 2025 16,421 4,655 21,076 At 31 March 2024 10.964 6.208 17,170 Investment properties rented to another group entity have been accounted for using the cost model. The carrying value of these investment properties included within tsngible fixed assets is £XXXX12024 - £XXXX). 16-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Debtors 2025 2024 Amounts falling due within one year: Trade debtors 3,952 3,952 13 Creditors.. amounts falllng due within one year 2025 2024 Notes Bank overdrafts Other taxation and social security Accruals and deferred income 153 (2,113) 7,872 7,872 5,912 7,872 14 Restrfcted 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 Aprll 2024 Incoming resources Resources expended Transfers At 31 March 2025 Restricted Funds 74,872 214.708 (274,180) 15,200 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Restricted Funds 44.611 206,950 {188.210) 11,321 74,672 17-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 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 Aprll 2024 Incomlng Resources resources expended Transfers At 31 March 2025 General Fund Charity Shop Neighbourly Sainsbury Wood Foundation Music Fund Arnold Clark Scottish Power Reserves 74,254 (13,543) 1,000 2,500 (1,250) 221,380 (78,751) 11,300) (230) 216,883 {14,843) 1,000 2,500 {1,250) 230 1.000 10,000 (1,0001 10,000 24,000 24,000 86.961 232,610 {81,281) 238,290 Previous year: At 1 April 2023 Incoming resources Resources expendèd Transfers At 31 March 2024 General Fund Charity Shop Neighbourly Sainsbury Wood Foundation Music Fund General Reserve 128,683 44,495 660 1,500 2,500 988 (87,6031 (14.2031 1500} {11,321J 74,254 (13,5431 1.000 2,500 (1,250) 24,000 (2,238) 24,000 152,683 50,143 (104,544) (11,321) 86,961 16 Analysis of net assets between funds Unrestricted funds 2025 Restrfcted funds 2025 Total 2025 At 31 March 2025: Tangible assels Current assetsl{liabilities) 8,923 229,367 12.153 3,047 21,076 232,414 238,290 15,200 253.490 18-
HOPE KITCHEN SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analysis of net assets between funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 31 March 2024". Tangible assets Current assetsl{liabilities) 11,216 75.745 5.954 68,718 17,170 144,463 86.961 74,672 161,833 17 Related party transactions There were no disclosable related party transactions during the year (2024 - none). 19-