**Hope Centre Dundee SCIO SC052010** **Annual Report & Financial Statements For the Financial Year ended** **30[th] September 2025** ## **ANNUAL REPORT & FINANCIAL STATEMENTS FOR** THE YEAR ENDED 30[TH] SEPTEMBER 2025_______________________________________________ |**CONTENTS_**________________________________________________________________________|**CONTENTS_**________________________________________________________________________| |---|---| |Trustees’ Annual Report …………………………………………………………|3-7| |Independent Examiner’s Report …………………………………………….|8| |Statement of Receipts & Payments ……………………………………………|9| |Statement of Balances ……………………………………………………………|10| |Notes to the Financial Statements ……………………………………………….|11| 2 ## **TRUSTEE’S ANNUAL REPORT FOR** THE YEAR ENDED 30[TH] SEPTEMBER 2025______________________________________________ The Trustees present their report and financial statements together with the Independent Examiner’s report for the year ended 30[TH] September 2025. |**REFERENCE AND ADMINISTRATIVE DETAILS**_____________________________________________|**REFERENCE AND ADMINISTRATIVE DETAILS**_____________________________________________| |---|---| |**Charity Name**|Hope Centre Dundee SCIO| |**Scottish Charity Number**|SC0520108| |**HMRC Charities Ref No**|ST05259| |**Principal Address**|234 Balunie Avenue| ||Dundee| ||DD4 8TJ| |**Current Trustees**|Michael Holloway| ||Martin Brown| ||Akinwunmi Sorinmade (resigned| ||16.8.2024)| ||Mandi Davies (appointed 16.8.2024)| |**Bankers**|Virgin Money| ||154-158 Kensington Street| ||London| ||W8 7RL| |**Independent Examiner**|Peter Hall| ||Peter Hall Finance & Accounting Solutions| ||Dunfermline, Fife.| ||_Fellow Certified Public Accountant_| 3 ## **TRUSTEES’ ANNUAL REPORT FOR** THE YEAR ENDED 30[TH] SEPTEMBER 2025_______________________________________________ ## **STRUCTURE GOVERNANCE AND MANAGEMENT__________________________________________** ## **Governing Document** The Trust is administered in accordance with the terms of the Trust Deed. The charity is a Scottish Charitable Incorporated Organisation and the purposes and administration arrangements are set out in its constitution. The Charity is registered with the “Office of Scottish Charity Regulator” as a SCIO (Scottish Charitable Incorporated Organisation). Registration was approved on 15[th] September 2022. ## **Appointment of Trustees** The trustees were those appointed on the establishment of the trust. Appointment and removal is in accordance with the Trust Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others. ## **Risk Assessment** The trustees have considered the major risks faced by Hope Centre Dundee SCIO and have reviewed the procedures in place designed to manage these risks. In particular, policies and procedures are in place for the protection of children and vulnerable adults. **OBJECTS AND ACTIVITIES_____________________________________________________________** The purpose of the charity is the advancement of religion; provision of assistance to those in need through age, ill-health, disability, financial hardship or another disadvantage. ## **ACHIEVEMENTS & PERFORMANCE___________________________________________________** During the year ended 30 September 2025, Hope Centre Dundee SCIO continued to develop its core mission of Christian outreach and practical support for people in need within the Dundee community. The Trustees focused on strengthening the charity’s foundations, maintaining consistent outreach activity, and ensuring that support was delivered in a responsible and sustainable manner. A key aspect of the charity’s work during the year was its ongoing outreach to vulnerable and marginalised individuals. Through regular engagement, the charity provided food and essential supplies to those experiencing hardship, helping to meet immediate needs while also offering compassion, encouragement, and pastoral support rooted in the Christian faith. This practical assistance remained central to the charity’s purpose and was delivered consistently throughout the year. Trustees observed that regular outreach and food provision contributed to increased engagement and trust among those supported, with a number of individuals returning consistently and seeking further pastoral or practical support. The charity continued to build meaningful relationships with individuals accessing support. Outreach activity was not limited to the provision of food alone but also sought to offer dignity, hope, and connection, recognising the wider emotional and spiritual needs of those being helped. Trustees consider this relational approach to be a defining feature of the charity’s work and a key measure of its effectiveness. 4 Alongside direct outreach, the Trustees devoted time during the year to reviewing and strengthening governance, safeguarding, and operational readiness. Progress was made in developing policies and procedures to support future growth, including consideration of regulatory requirements and partnership opportunities. While some planned initiatives were deliberately paused to ensure the charity was adequately prepared, the Trustees regard this as a positive and prudent decision that reflects responsible stewardship. The charity also continued to raise awareness of its activities within the local community and church networks, resulting in increased voluntary income compared with the prior year. This growth in donations demonstrates growing confidence in the charity’s work and provides encouragement for further development. Overall, the Trustees believe that the charity made steady and meaningful progress during the year. While remaining modest in scale, Hope Centre Dundee SCIO has continued to fulfil its charitable objects through faithful Christian outreach, the provision of food and support to those in need, and careful preparation for future expansion of its activities when resources allow. These activities directly supported the charity’s objects by advancing the Christian faith and relieving hardship. 5 ## **TRUSTEE’S ANNUAL REPORT for** **THE YEAR ENDED 30[th] September 2025** _______________________________________________ ## **FINANCIAL REVIEW** ## Overview This financial year represents the charity’s third year of financial activity since the opening of its bank account in December 2022. The accounts for the year ended 30 September 2025 have been prepared on a receipts and payments basis in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity continued to rely primarily on voluntary income during the year, with donations forming the main source of receipts. Total income for the year amounted to £3,584 (2024: £804), reflecting a significant increase in supporter engagement and fundraising activity. Total payments for the year were £4,690 (2024: £5,683). Expenditure was lower than the prior year, with no large capital purchases undertaken during the year, following the acquisition of a bus in the previous period. As a result, the charity recorded a deficit for the year of £1,106 (2024: deficit £4,879). The Trustees consider the deficit for the year to be manageable in the context of available reserves and do not believe it indicates any underlying financial weakness in the charity’s operations. ## Income Income during the year comprised donations of £3,479, together with minor receipts from cashback and refunds. The increase in income compared with the previous year reflects improved fundraising activity and growing awareness of the charity’s work within the community. ## Expenditure Expenditure during the year was primarily related to the charity’s outreach and operational activities. Key areas of spend included: - ✓ Supplies and consumables to support outreach work - ✓ Vehicle-related costs, including running and maintenance expenses - ✓ Insurance and security costs - ✓ Professional and legal fees - ✓ General office and administrative expenses The overall reduction in expenditure compared with the prior year reflects the absence of oneoff capital expenditure incurred in 2024 and careful cost control by the Trustees. ## Reserves and Financial Position At 30 September 2025, the charity held total funds of £3,692 (2024: £4,798), all of which were unrestricted. These funds are held entirely as cash at bank. The Trustees consider this level of reserves to be appropriate for the current scale of the charity’s activities, while recognising the need to continue building reserves over time to support future development and financial sustainability. 6 ## **Reserves Policy** The Trustees have reviewed the charity’s reserves in light of its current scale, regular expenditure, and reliance on voluntary income. At present, the charity does not have long-term contractual commitments or paid staff and operates on a modest cost base. The Trustees therefore consider that maintaining unrestricted reserves sufficient to meet shortterm operational costs and unforeseen expenditure is appropriate at this stage of the charity’s development. Reserves are held to manage cash-flow fluctuations, meet essential running costs, and provide limited resilience should income reduce unexpectedly. The reserves position is reviewed at least annually and will be reconsidered as the charity’s activities expand or financial commitments increase. **RISK_____________________________________________________________** The Trustees have also considered operational risks including data protection and cybersecurity and have taken proportionate steps to ensure that personal information is handled securely. ## **FUTURE PLANS** The Trustees remain committed to prudent financial management while seeking to expand the charity’s income base through donations and potential grant funding. Future plans are dependent on the availability of volunteers and sustainable funding, and the Trustees will continue to balance ambition with financial prudence. **APPROVAL_________________________________________________________________________** This report was approved by the trustees on 22[nd] June 2026 and signed on their behalf by: **Michael Holloway** Trustee - Chair 7 ## **INDEPENDENT EXAMINER’S REPORT for** **THE YEAR ENDED 30[th] September 2025__** _____________________________________________ ## **Independent Examiner’s Report to the Trustees of Hope Centre Dundee SCIO** I report on the accounts of the charity for the year ended 31 September 2025, which are set out on pages 9 to 10. ## **Respective responsibilities of Trustees and Examiner** 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 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”). The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent Examiner’s Statement** In connection with my examination, no matter came to 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 2005 Act and Regulation 4 of the 2006 Regulations, and - to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 24[th] June 2026 ## **Peter Hall, FCPA MCSI** Peter Hall Finance & Accounting Solutions Dunfermline, Fife _Fellow Certified Public Accountant_ 8 ## **STATEMENT OF RECEIPTS & PAYMENTS** for YEAR ENDED 30TH SEPTEMBER 2025_______________________________________________ |**Receipts**
Cashback
Donations
Refunds
**Payments**
Bus Purchase
Hire
Honorarium
Insurance
Kitchen
Legal & Professional
Literature & Resources
Office
Postage & Carriage
Repairs & Maintenance
Security
Supplies
Travel
Vehicle
**Surplus/(Deficit) for year**|**2024**
2024
**£**
£
**12**
24
**3,479**
780
**97**
**3,584**
804
3,750
**184**
**100**
**1,022**
718
**51**
625
**65**
**122**
**54**
228
**642**
**60**
51
**1,006**
310
**309**
**1,075**
**4,690**
5,683
**(1,106)**
(4,879)| |---|---| All funds are unrestricted 9 ## **STATEMENT OF BALANCES as at** 30[th] September 2025___________________________________________________________ |**Funds Reconciliation**
Restricted
Unrestricted
Balance as at 30thSeptember 2024
4,798
Surplus/(Deficit) for year
(1,106)
**Balance as at 30th September 2025**
3,692|**2025**
2024
**2025**
**2024**
4,798
9,677
(1,106)
(4,879)
**3,692**
**4,798**| |---|---| |**Bank & Cash Balances**
Cash at Bank
Cash in Hand|**3,692**
4,798
**0**
0| |---|---| ||**3,692**
4,798| All funds are unrestricted These accounts were approved by the trustees on 22[nd] June 2026 and signed on their behalf by:- **Michael Holloway** Trustee - Chair 10 ## **NOTES TO THE FINANCIAL STATEMENTS** for THE YEAR ENDED 30[th] September 2024 _______________________________________________ ## **1. Basis of Preparation** These accounts have been prepared on the receipts & payments basis in accordance with: (a) The Charities and Trustee Investment (Scotland) Act 2005 (b) The Charities Accounts (Scotland) Regulations 2006 (as amended) No changes have been made to the basis of preparation or to the figures for the previous year. ## **2. Fund Accounting** (a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity. (b) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes. Currently the charity’s funds are all unrestricted. ## **3. Taxation** (a) The charity is not liable to corporation tax or capital gains tax on its charitable activities. (b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged. ## **4. Trustee remuneration** No remuneration was paid to trustees during the year. ## **5. Trustee expenses** No expenses were reimbursed to the trustees during the year. ## **6. Transactions related parties** None 11