Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
CHARITY REGISTRATION NUMBER: SC046076
Hope Hub SCIO
Unaudited Financial Statements
For the year ended
31 December 2025
I.A.STEWART & CO
Chartered Accountants The Mechanics Workshop New Lanark ML11 9DB
Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Trustees' Annual Report
Year ended 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
Reference and administrative details
| Registered charity name | Hope Hub SCIO | |
|---|---|---|
| Charity registration number | SC046076 | |
| Principal office | 183A Carlisle Road | |
| Blackwood | ||
| ML11 9AT | ||
| South Lanarkshire | ||
| The trustees | Gary Clough | |
| Claire Foster | ||
| Sharon Glasgow | ||
| Trevor Hadley | ||
| Donna Kelly | ||
| Malcolm Kelly | (Resigned 3 February 2026) | |
| Kenneth Neilson | (Appointed 19 March 2026) | |
| Peter Simpson | ||
| Key management personnel | ||
| Chair | Peter Simpson | |
| Secretary | Clare Foster | |
| Treasurer | Malcolm Kelly | (Resigned 3 February 2026) |
| Treasurer | Kenneth Neilson | (Appointed 19 March 2026) |
| Bankers | Royal Bank of Scotland | |
| 88 High Street | ||
| Lanark | ||
| ML11 7ET | ||
| Virgin Money | ||
| 7 Gold Street | ||
| Northampton | ||
| NN1 1EN | ||
| Solicitors | Davidson & Shirley | |
| 11 Hope Street | ||
| Lanark | ||
| ML11 7ND | ||
| Independent examiner | Louise Watson | |
| Member of the Institute of Chartered Accountants of Scotland | ||
| I A Stewart & Co | ||
| The Mechanics Workshop | ||
| New Lanark | ||
| ML11 9DB |
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Trustees' Annual Report (continued)
Year ended 31 December 2025
Structure, governance and management
Governing document
The charity is a Scottish Charitable Incorporated Organisation. It has adopted the SCVO model SCIO constitution as its governing document.
Trustee recruitment and appointment
At each AGM all charity trustees elected/appointed under clauses 57, 58, 59 and 60 of the Constitution shall retire from office but can then be eligible for re-election unless they advise otherwise. Attending members may elect any attending member in compliance with these clauses.
Objectives and activities
Charitable purposes
The organisation's purposes are to advance religion and to build and manage a Christian Church with Community facilities and actively encourage statutory and third sector organisations and members of the community to use these facilities.
Objectives and activities to achieve objectives
-
Advancement of citizenship or community development - to provide access to essential services to support the vulnerable, elderly, children, youth and families experiencing inequalities or discrimination.
-
Advancement of religion - provision of new open space for public worship of local Hope Church (Blackwood and Kirkmuirhill) and access to meeting rooms for Church group activities.
-
Provision or organisation of activities/facilities, with the object of improving life conditions for the wider community - prospects are still alive for a Mother and Toddlers Group in the future.
Youth and elderly meetings are to be developed in liaison with statutory and third sector organisations to provide services and support groups to meet the community needs.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Trustees' Annual Report (continued)
Year ended 31 December 2025
Achievements and performance
Finding and developing our property
In September 2016 the charity became the owner of the former care home at 183A Carlisle Road Blackwood.
Planning permission and a building warrant were obtained for a solar panel array. This commenced in 2025 and will be completed in 2026. This will make the building as close to zero carbon as possible.
A community garden was built during 2022. This allows Church members, users of the building and the public to use this quiet area. Work was completed in 2023 including involving school children with fruit tree planting. Work continues with the garden team and a gazebo was constructed to give some shelter in the garden when the weather is poor.
The Trustees have continued to give many hours of their own time to ensure the property remains at a high level of decor and repair. The Trustees are very grateful for the assistance of all members who have helped in any capacity.
The Charity updates its website on a regular basis with fundraising news and how we are journeying on.
Using our property
The premises are now being used by various groups:
In service day After School Club Hope Church for worship, bible study, church activities and committee meetings Velocity Dance School Come Paint with Us, and craft class in the afternoons Alcoholics Anonymous Healthy Valleys - various activities 7-2-9 (1st year high school) School in-service day club 18 to 30 Group Professional counselling/bereavement counselling Coalburn Silver Band for community social events, practising etc. Hope Drop-in and Warm Place Gardening Club Friendship Circle Open days Mens Group
We look forward to continuing our relationship with these groups and to growing use by the community.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Trustees' Annual Report (continued)
Year ended 31 December 2025
Financial review
Total income for the year amounted to £89,730 (2024: £61,666). Expenditure for the year amounted to £56,442 (2024: £50,058). The year ended with a surplus of £33,288 (2024: £11,608). The result for the year added to the balance of funds brought forward brings the unrestricted funds balance to £763,718 (2024: £730,430).
Grants totalling £49,201 (2024: £19,724) were received to purchase fixed assets and an additional £6,425 (2024: £4,144) has been paid for fixed assets in the year and transferred into the Fixed Asset designated fund in order to separate funds tied up in fixed assets from those available for the running of the charity. The Fixed Asset fund stands at £751,366 (2024: £716,828) at the year end.
A designated Garden fund has been established to show the financial impact of this element of our activities. The fund has a balance of £501 (2024: £6,681) at the year-end. £5,725 was transferred to the fixed assets fund to reflect the spend on fixed assets for the garden during the year.
There are no restricted funds at the year-end (2024: £nil)
Reserves policy
The General fund shows a surplus of £11,851 at 31 December 2025 (2024: £6,921).
The Trustees manage the cash balances carefully to ensure there are sufficient funds in place for planned expenditure. The Trustees anticipate building reserves to cover a set period of normal running costs in the future, but will concentrate on ensuring there are sufficient funds to meet ongoing costs at present.
Plans for future periods
Many of our activities continue with new users coming on board and we are now using the building on a daily basis.
Trustees will continue to engage with people and organisations wishing to use the premises throughout 2026 and beyond.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Trustees' Annual Report (continued)
Year ended 31 December 2025
Statement of responsibilities of the trustees
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources of the company for that period. In preparing these financial statements, the trustees are required to:
· select suitable accounting policies and then apply them consistently;
· observe the methods and principles in the Charities SORP;
· make judgements and accounting estimates that are reasonable and prudent;
· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the company's constitution. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on 11 May 2026 and signed on behalf of the board of trustees by:
Peter Simpson Trustee
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Independent Examiner's Report to the Trustees of Hope Hub SCIO
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of Hope Hub SCIO ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms 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) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for my work, for this report, or for the opinions I have formed.
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
-
accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Louise Watson Member of the Institute of Chartered Accountants of Scotland Independent Examiner
I A Stewart & Co The Mechanics Workshop New Lanark ML11 9DB
11 May 2026
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 57,777 | 57,777 | 29,738 |
| Charitable activities | 5 | 21,273 | 21,273 | 22,190 |
| Other trading activities | 6 | 10,578 | 10,578 | 9,671 |
| Investment income | 7 | 102 | 102 | 67 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 89,730 | 89,730 | 61,666 | |
| ============================ | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | 56,442 | 56,442 | 50,058 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 56,442 | 56,442 | 50,058 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | 33,288 | 33,288 | 11,608 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 730,430 | 730,430 | 718,822 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 763,718 | 763,718 | 730,430 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Statement of Financial Position
31 December 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 13 | 751,366 | 716,828 | |
| Current assets | ||||
| Debtors | 14 | 1,559 | 101 | |
| Cash at bank and in hand | 21,145 | 16,018 | ||
| ---------------------------- | ---------------------------- | |||
| 22,704 | 16,119 | |||
| Creditors: amounts falling due within one year | 15 | 10,352 | 2,517 | |
| ---------------------------- | ---------------------------- | |||
| Net current assets | 12,352 | 13,602 | ||
| -------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 763,718 | 730,430 | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 763,718 | 730,430 | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Unrestricted funds | 763,718 | 730,430 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 17 | 763,718 ================================ |
730,430 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 11 May 2026, and are signed on behalf of the board by:
Peter Simpson Trustee
Kenneth Neilson Trustee
The notes on pages 9 to 15 form part of these financial statements.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 183A Carlisle Road, Blackwood, South Lanarkshire, ML11 9AT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Hope Hub SCIO enjoys the support of its members and those of Hope Church (Kirkmuirhill & Blackwood). The trustees have no reason to suspect that this support will not continue for the foreseeable future therefore these accounts have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
The trustees are of the opinion that there are no matters of significant judgements, estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the next financial year.
Taxation
The SCIO is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.
Designated funds are unrestricted funds earmarked by the trustees for specific purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
-
Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
-
Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market.
-
Investment income is included when receivable.
-
Income from charitable trading activity is accounted for when earned.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
-
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
-
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 3% reducing balance Fixtures and fittings - 20% reducing balance Equipment - 25 to 40% reducing balance
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Member donations | 1,530 | 1,530 | 1,075 | 1,075 |
| Grants | ||||
| Grants receivable | 4,870 | 4,870 | 28,663 | 28,663 |
| Government grant income | 51,377 | 51,377 | – | – |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 57,777 ============================ |
57,777 ============================ |
29,738 ============================ |
29,738 ============================ |
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income from charitable activities | 18,075 | 18,075 | 19,340 | 19,340 |
| Garden income and donations | 3,198 | 3,198 | 2,850 | 2,850 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 21,273 | 21,273 | 22,190 | 22,190 | |
| ============================ | ============================ | ============================ | ============================ |
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Income from fundraising | 198 | 198 | 288 | 288 |
| Other income from use of premises | 10,380 | 10,380 | 9,383 | 9,383 |
| ---------------------------- | ---------------------------- | ----------------------- | ----------------------- | |
| 10,578 ============================ |
10,578 ============================ |
9,671 ======================= |
9,671 ======================= |
7. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 102 | 102 | 67 | 67 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Hope Hub activities | 54,592 | 54,592 | 48,288 | 48,288 |
| Support costs | 1,850 | 1,850 | 1,770 | 1,770 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 56,442 | 56,442 | 50,058 | 50,058 | |
| ============================ | ============================ | ============================ | ============================ |
8. Expenditure on charitable activities by fund type
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Hope Hub activities | 54,592 | – | 54,592 | 48,288 |
| Governance costs | – | 1,850 | 1,850 | 1,770 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 54,592 | 1,850 | 56,442 | 50,058 | |
| ============================ | ======================= | ============================ | ============================ | |
| Costs are analysed as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Activity purchases | 5,592 | 6,032 | ||
| Water rates | 100 | – | ||
| Light and heat | 8,757 | 6,682 | ||
| Insurance | 3,418 | 2,944 | ||
| Repairs and maintenance | 5,510 | 2,516 | ||
| Cleaning | 8,779 | 6,713 | ||
| Telephone | 704 | 335 | ||
| Computer | 468 | 694 | ||
| Subscriptions | 47 | 35 | ||
| Sundry | 124 | 119 | ||
| Depreciation | 21,088 | 22,087 | ||
| Bank charges | 5 | 131 | ||
| Independent examination fee | 1,850 | 1,770 | ||
| ---------------------------- | ---------------------------- | |||
| 56,442 ============================ |
50,058 ============================ |
10. Employees
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees in the year.
No trustee expenses have been incurred in the year.
12. Contributions made by volunteers
Hope Hub SCIO benefits greatly from the involvement and enthusiastic support of its volunteers who give their time and talents willingly for the benefit of the charity. In accordance with accounting standards, the economic contribution of general volunteers is not measured in the accounts.
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
13. Tangible fixed assets
| Land and | Fixtures and | |||
|---|---|---|---|---|
| buildings | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 Jan 2025 | 709,762 | 41,169 | 55,201 | 806,132 |
| Additions | 54,574 | – | 1,052 | 55,626 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| At 31 Dec 2025 | 764,336 | 41,169 | 56,253 | 861,758 |
| ================================ | ============================ | ============================ | ================================ | |
| Depreciation | ||||
| At 1 Jan 2025 | 46,000 | 18,059 | 25,245 | 89,304 |
| Charge for the year | 8,892 | 4,621 | 7,575 | 21,088 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| At 31 Dec 2025 | 54,892 | 22,680 | 32,820 | 110,392 |
| ================================ | ============================ | ============================ | ================================ | |
| Carrying amount | ||||
| At 31 Dec 2025 | 709,444 | 18,489 | 23,433 | 751,366 |
| ================================ | ============================ | ============================ | ================================ | |
| At 31 Dec 2024 | 663,762 | 23,110 | 29,956 | 716,828 |
| ================================ | ============================ | ============================ | ================================ | |
| Debtors | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade debtors | 640 | – | ||
| Prepayments and accrued income | 919 | 101 | ||
| ----------------------- | -------------- | |||
| 1,559 | 101 | |||
| ======================= | ============== | |||
| Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 6,506 | – | ||
| Accruals | 3,846 | 2,517 | ||
| ---------------------------- | ----------------------- | |||
| 10,352 ============================ |
2,517 ======================= |
14. Debtors
15. Creditors: amounts falling due within one year
16. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 51,377 | – |
| ============================ | ============== |
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Docusign Envelope ID: BA1956D5-4DE2-8FAF-804E-07E9EA3A4E1A
Hope Hub SCIO
Notes to the Financial Statements (continued)
Year ended 31 December 2025
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Jan 2025 | Income | Expenditure | Transfers | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | |
| General funds | 6,921 | 37,302 | (31,672) | (700) | 11,851 |
| Fixed Asset fund | 716,828 | 49,201 | (21,080) | 6,425 | 751,366 |
| Garden fund | 6,681 | 3,227 | (3,682) | (5,725) | 501 |
| -------------------------------- | ---------------------------- | ---------------------------- | ----------------------- | -------------------------------- | |
| 730,430 | 89,730 | (56,442) | – | 763,718 | |
| ================================ | ============================ | ============================ | ======================= | ================================ | |
| At | At | ||||
| 1 Jan 2024 | Income | Expenditure | Transfers | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 3,775 | 33,012 | (24,760) | (5,106) | 6,921 |
| Fixed Asset fund | 715,047 | 19,724 | (22,087) | 4,144 | 716,828 |
| Garden fund | – | 8,930 | (3,211) | 962 | 6,681 |
| -------------------------------- | ---------------------------- | ---------------------------- | ----------------------- | -------------------------------- | |
| 718,822 | 61,666 | (50,058) | – | 730,430 | |
| ================================ | ============================ | ============================ | ======================= | ================================ |
Fixed assets costs have been transferred to the designated Fixed Asset fund. Depreciation is charged to this fund. The balance on the fund allows the charity to identify funds tied up in fixed assets.
A Garden fund has been established to show the financial impact of this activity.
General funds are available to meet day to day expenditure.
18. Analysis of net assets between funds
Net assets are held in unrestricted funds at the year end, and the comparative year, as set out in the Statement of Financial Position.
19. Related parties
The members of Hope Church (Kirkmuirhill & Blackwood) (the Church) formed Hope Hub SCIO to run the church based community centre. The Church has given £18,000 (2024: £18,000) for the use of the premises in the year.
The Church's and Hope Hub's Membership have agreed that a quarter of the building would be used for the manse. No charge is made for this arrangement.
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