IRIS Accounts Production v25.3.0.601 Other Company accounts True false Pounds 1.4.24 31.3.25 31.3.25 FY P R B Davies D L P Mansell P D Clucas C V Mason G L Newton Estelle Naomi D Proctor FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06614898 2024-03-31 06614898 2025-03-31 06614898 2024-04-01 2025-03-31 06614898 2023-03-31 06614898 2023-04-01 2024-03-31 06614898 2024-03-31 06614898 ns0:CharitableCompanyLimitedByGuarantee 2024-04-01 2025-03-31 06614898 ns15:PoundSterling 2024-04-01 2025-03-31 06614898 ns0:Trustee3 2024-04-01 2025-03-31 06614898 ns0:Trustee1 2024-04-01 2025-03-31 06614898 ns0:Trustee4 2024-04-01 2025-03-31 06614898 ns0:Trustee5 2024-04-01 2025-03-31 06614898 ns0:Trustee6 2024-04-01 2025-03-31 06614898 ns0:Trustee7 2024-04-01 2025-03-31 06614898 ns0:Trustee2 2024-04-01 2025-03-31 06614898 ns11:FRS102 2024-04-01 2025-03-31 06614898 ns11:IndependentExaminationCharity 2024-04-01 2025-03-31 06614898 ns11:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06614898 ns11:FullAccounts 2024-04-01 2025-03-31 06614898 ns11:CharitiesSORP 2024-04-01 2025-03-31 06614898 ns16:EnglandWales 2024-04-01 2025-03-31 06614898 ns11:RegisteredOffice 2024-04-01 2025-03-31 06614898 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 06614898 ns0:Activity8 2024-04-01 2025-03-31 06614898 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 06614898 ns0:Activity8 2023-04-01 2024-03-31 06614898 ns0:Activity9 2024-04-01 2025-03-31 06614898 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 06614898 ns0:Activity9 2023-04-01 2024-03-31 06614898 ns0:Activity10 2024-04-01 2025-03-31 06614898 ns0:Activity10 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 06614898 ns0:Activity10 2023-04-01 2024-03-31 06614898 ns0:TotalRestrictedIncomeFunds 2024-03-31 06614898 ns0:TotalRestrictedIncomeFunds 2025-03-31 06614898 ns10:WithinOneYear ns0:TotalRestrictedIncomeFunds 2025-03-31 06614898 ns10:WithinOneYear 2025-03-31 06614898 ns10:WithinOneYear 2024-03-31 06614898 ns10:AfterOneYear ns0:TotalRestrictedIncomeFunds 2025-03-31 06614898 ns10:AfterOneYear 2025-03-31 06614898 ns10:AfterOneYear 2024-03-31 06614898 ns0:TotalUnrestrictedFunds 2025-03-31 06614898 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-04-01 2025-03-31 06614898 ns10:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 06614898 ns10:MotorVehicles 2024-04-01 2025-03-31 06614898 2 2024-04-01 2025-03-31 06614898 3 2024-04-01 2025-03-31 06614898 1 2024-04-01 2025-03-31 06614898 1 2023-04-01 2024-03-31 06614898 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 06614898 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 06614898 ns0:Activity9 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 06614898 ns0:Activity10 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 06614898 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-03-31 06614898 ns10:FurnitureFittings 2024-03-31 06614898 ns10:MotorVehicles 2024-03-31 06614898 ns10:FurnitureFittings 2024-04-01 2025-03-31 06614898 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2025-03-31 06614898 ns10:FurnitureFittings 2025-03-31 06614898 ns10:MotorVehicles 2025-03-31 06614898 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-03-31 06614898 ns10:FurnitureFittings 2024-03-31 06614898 ns10:MotorVehicles 2024-03-31 06614898 ns10:BetweenOneTwoYears 2025-03-31 06614898 ns10:BetweenOneTwoYears 2024-03-31 06614898 ns10:BetweenTwoFiveYears 2025-03-31 06614898 ns10:BetweenTwoFiveYears 2024-03-31 06614898 ns10:Secured 2025-03-31 06614898 ns10:Secured 2024-03-31 06614898 ns0:TotalUnrestrictedFunds 2024-03-31 06614898 ns0:TotalUnrestrictedFunds 2024-04-01 2025-03-31

REGISTERED COMPANY NUMBER: 06614898 (England and Wales)

REGISTERED CHARITY NUMBER: 1126487

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HOPE 4 (RUGBY) LTD

HOPE 4 (RUGBY) LTD

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

| Page |

Report of the Trustees | 1 |  | to |  | 5

Independent Examiner's Report | 6 |

Statement of Financial Activities | 7 |

Balance Sheet | 8 |  | to |  | 9

Notes to the Financial Statements | 10 |  | to |  | 18

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives

We seek to relieve the plight of homeless and temporarily housed people in Rugby and those who are experiencing food poverty. We operate a number of services to achieve this aim including The Hope Centre and the Rugby Foodbank.

Activities

The Trustees have met at least once every two months over the course of the year. These meetings review progress, inform and take decisions concerning the charity's present and future strategy, review our finances and fundraising activities.

Highlights from the year include:

* |  | Providing 450 Christmas book tokens to children |

* |  | Running a Trussell funded project with Citizens Advice, whereby clients referred to Rugby foodbank can self-refer to a designated Citizens Advice advisor to receive advice on financial management |

* |  | Employing a Trussell funded Support Worker to work with foodbank clients on non-financially regulated activities |

* |  | Providing three courses of six lessons supporting 14 clients for English for Speakers of Other Languages |

* |  | Continuing to have support of both a physical health and a mental health nurse for our clients |

* |  | Providing a National Lottery funded service in the Hope Centre whereby clients can see a clinical psychologist |

* |  | Hosting a bi-monthly visit from University Hospital Coventry and Warwickshire for Hepatitis C screening |

* |  | The commencement of a Trussell funded the Organising and Mobilising Project to understand the need for and dependency on foodbanks in Warwickshire |

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In November we were awarded the King's Award for Voluntary Services. This recognises the role that Hope4 plays in the town and the contribution made to it by our volunteers as well as our staff, who often volunteer with us outside of their working week. The presentation ceremony was held in late May 2025 by the Lord Lieutenant of Warwickshire, with the High Sheriff of Warwickshire, Rugby's MP, the leader of Warwickshire County Council and the Mayor of Rugby attending.

Charitable activities (figures in brackets refer to the 2023/24 for comparison)

All functions of Hope 4 continued to be used extensively by those in need from across Rugby demonstrating the continued need for the services provided.

We have continued with our operating model where our clients hold regular face-to-face meetings with their Key Worker; as well as clients accessing the Centre to use the facilities such as showers, laundry and computers. Over the course of the year:

* |  | We supported 161 (2024 - 190) clients including 77 (2024 - 100) newly referred clients and 29 (2024 - 30) clients returning to our services |

* |  | Clients visited the Hope Centre on 4814 (2024- 3096) occasions and our support to them included 296 for personal laundry, 119 for clothing, 248 for the nurse, 101 clients supported by the clinical psychologist, 1,418 meals, 366 for showers and 637 for use of computers |

As at March 2025, 52 (2024 - 60) clients were being supported by the Hope Centre.

The Rugby Winter Shelter

We did not operate a night shelter in 2024-25.

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Fundraising

The majority of the funding for Hope4 in 2024/25 was provided through a grant from the National Lottery Communities Fund. This is the second year of a four year grant which covers the salaries of our Service Delivery Manager, two Key Workers, utilities costs and a Mental Health professional to work with clients. The funding covered around 60% of our running costs, but will reduce over the next two years. Whilst this brings financial stability, it also necessitates the need for the Board to seek other funding streams and, in particular, promoting the Hope4000 initiative.

Sleep Out to Help Out is now a firm favourite in our calendar and takes place on the last Friday of February. This year we had 48 people participate raising just under £13,000. The event was sponsored this year by Ellis Brooke Estate Agents which covered the costs of banners and the breakfast on the Saturday morning with Fish Plus sponsoring the Friday evening meal for all participants and support staff.

On the back of the success of taking part in the London Landmarks Half Marathon in 2024 we secured 15 places for the 2025 event. We initially filled all 15 places with 13 taking part on the day raising raised just over £9,000.

Hope4000 - we continue to promote our short video showcasing a client's story and our work along with how to be part of the Hope4000 family donating £4 a month. The video has been extensively shared on social media, in local churches and at awareness and fundraising events. By the end of the year we had just under 2,000 Hope4000 donors. We continue to see this as a major fundraising strategy working towards sustainability.

We are also grateful to the support that we have received from:

* |  | Inside Homes who have made a donation for every home they list in the Rugby area. Additionally, in December 2024 they held a collection with their customers which they donated towards the cost of the Christmas Lunch meal for our clients |

* |  | The Coventry Building Society who chose Hope4 as their charity partner for the fourth year running raising funds through their book sales and raffles; with their donation basket bringing in items of clothing and toiletries |

* |  | Reach IT, a local IT solutions company, for providing IT support solutions and mobile phones. |

* |  | Stepnells who provided their resources to refurbish one of our shower cubicles used by our clients |

* |  | Fish Plus who have supported both the Hope Centre and Foodbank throughout the year through their 'Sharing is Caring' pay it forward programme |

* |  | Local churches, schools, community groups, businesses and individuals have also undertaken fundraising activities to raise funds for Hope4 |

RUGBY FOODBANK

Rugby Foodbank is a core service provided by the charity. During the year we supplied 6150 (2024 - 7089) three-day emergency food supplies to people in crisis. This was a 7% decrease on 2023/24. We received 87,435 kgs (98,269 kgs) of donated food from Rugby and the surrounding area and distributed 87,544kgs, (100,998 kgs).

We are grateful to Rugby Borough Council for providing us with the ground floor of The Lawn and Retreat building for use as the foodbank. This is ideally situated in the middle of Rugby and close to the Hope Centre. Whilst we continue to use this building, this remains a short-term arrangement and we continue to seek longer term premises in a suitable location.

We retain a 'Rent Fund' of £100,000 to help cover the anticipated cost of renting a unit on commercial terms.

We received a grant of £8,536 from Rugby Borough Council which was received in April 2025 towards the costs of running the foodbank van; and £6,000 from Warwickshire County Council Hardship Fund for food purchases which are needed when there is shortage of donations of essential items or items which are not donated.

The Foodbank continues to work with Bedworth Rugby and Nuneaton Citizens Advice Bureau (BRANCAB) to provide two financial inclusion workers to work directly with foodbank clients. This is funded by a Trussell grant. Clients needed assistance in areas including benefit and tax credits, housing issues, debt, utilities. In the year 410 (2024 - 459) foodbank clients were referred to BRANCAB for assistance. BRANCAB anticipated that the income gain to these clients could be in the order of £848k if it was realised. Alongside income gains the project also suggests £321k in debt relief if also realised. We have also received funding from Trussell to employ two Support Workers to work with foodbank clients who need extra support that is not of the financially regulated kind, such as PIP applications, attending meetings with clients and being their advocate.

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Organising and Mobilising (OLM) Project

During the year we were awarded a grant from Trussell to undertake throughout Warwickshire the Organising and Mobilising (OLM) Project. The aim of this project was to gain a better understanding of the need for foodbanks across Warwickshire and reduce the dependency upon them.

The project undertook research, surveys, and conversations with foodbank users, to identify the major contributing factors which included council tax debt, and homelessness. We also established a group of foodbank users to share their views and inform our work within the foodbank and with our wider campaigns.

The project also supported our partner Warwickshire foodbanks to engage with their respective MPs on the Essentials Guarantee, helping to amplify the voices of those most affected by poverty across the region.

The Rugby Foodbank

People

The Hope Centre's three Key Workers and administration support along with the Foodbank's Engagement Officer and Support Worker all play a vital role in the detailed daily work assisting clients on their journey out of homelessness and food poverty. Their growing skills sets and links with the wider community work well to ensure clients are helped in the most tailored way possible. Client testimonies bear witness to this.

One of our Key Workers left us during the year to follow her passion for supporting women and families which had grown over her time working with the women at the Hope Centre. Following a recruitment campaign we appointed a replacement who she recommended to us. He brings with him both lived experience and experience of working with individuals who face crisis around substance misuse as one of the leads at the local Narcotics Anonymous group.

We also recruited a new Engagement Officer for the Foodbank. During the period up to an appointment being made, staff and volunteers covered the role.

During the year we recruited a retired accountant to the role of Treasurer. He is also the Treasurer for one of our partner agencies, Futures Unlocked, which is co located at the Hope Centre. He is supported by a part time bookkeeper.

Whilst we continue to recruit for a new company secretary, the remaining Board Members have agreed to undertake the duties of this role between them.

During the year our local Church of England Vicar who was a Board Member with the specific remit for wellbeing and fulfilling the role of chaplain to the Board, staff, volunteers and clients resigned from the Board. He still continues to provide support to the Board, staff, volunteers and clients at the Hope Centre every other week.

FINANCIAL REVIEW

Financial position

Over 2024/2025 the income of Hope 4 (Rugby) Ltd was £470,195. Its expenditure was £373,524. This is split between our different activities as follows:

| Income |  | Expenditure |  | Net Surplus |

Hope Centre |  | 147,092 |  | 88,424 |  | 58,668 |

The Communities Lottery Fund Grant |  | 122,444 |  | 118,587 |  | 3,857 |

Foodbank |  | 79,232 |  | 70,334 |  | 8,898 |

Trussell Financial Inclusion Project |  | 73,834 |  | 60,577 |  | 13,257 |

Trussell Organising and Mobiling Project |  | 47,593 |  | 35,602 |  | 11,991 |

As at the end of March 2025 the charity had £1,032,241 in reserves and assets including the Hope Centre. Of these £49,016 restricted funds. The amount outstanding on our mortgage to purchase the Hope Centre was £40,970. Full accounts are included with this report.

During the year, we repaid £50,000 off our mortgage on the Hope Centre reducing the balance to £40,970. We entered into a mortgage at a fixed rate of 8.16% in July 2024. We are continuing to pay the mortgage at the previous rate which will reduce the balance considerably during the term of the mortgage and should enable us to clear the outstanding balance at the end of the term.

The continued generosity of people across Rugby, supporting churches, other faith communities, schools, organisations, charities and companies allows us to continue our work. This support continues to be incredibly encouraging and is being augmented by a growing number of individuals who make regular donations through the Hope4000 appeal.

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2025

FINANCIAL REVIEW

Reserves policy

The unrestricted funds of £ 983,225 are represented by fixed assets, including the freehold property which is ascribed a value of £350,000 less the associated mortgage of £40,970, together with liquid assets of £672,139.

The trustees are conservative from a financial point of view and so maintain a level of liquid reserves in excess of £118,000 to ensure that sufficient resources are available to cover six months running costs and mortgage repayments.

FUTURE DEVELOPMENTS

The need for the services provided by Hope 4 remains clear and vital to those who are in temporary housing or who experience food poverty in the Rugby area. The charity remains absolutely dependent upon the incredible volunteer support and financial generosity of many to be able to maintain these services.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association and constitutes a limited company.

The company is limited by guarantee, as defined by the Companies Act 2006. All members guarantee an amount not to exceed £10 payable in the event of the company being wound up with a deficiency of net assets. A member's guarantee of £10 continues for twelve months after membership ceases. At 31st March 2025, there were 6 members (2024 - 6).

Recruitment and appointment of new trustees

Trustees may be recommended for appointment by the trustees in consultation with the other Rugby Churches and the Friends and Supporters of Hope 4, or a member and then voted for by the members at a General Meeting.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06614898 (England and Wales)

Registered Charity number

1126487

Registered office

8 Newbold Road

Rugby

Warwickshire

CV21 2LJ

Trustees

D L P Mansell |  | (Chairperson) |  |

E N Calow |  |  | - resigned 9th July 2024 |

J Woodings |  |

P D Clucas |  |

D Proctor |  | (Treasurer) |  | - appointed 14th May 2024 |

Rev P J Morton |  |  | - resigned 14th May 2024 |

Independent Examiner

S G Bolton FCA

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

Lloyds Bank Plc

14 Church Street

Rugby

Warwickshire

CV21 3PL

Website

http://www.hope4.org.uk/

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20th October 2025 and signed on its behalf by:

D L P Mansell - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

Independent examiner's report to the trustees of Hope 4 (Rugby) Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

S G Bolton FCA

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

31st October 2025

HOPE 4 (RUGBY) LTD

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH 2025

| 2025 |  | 2024

| Unrestricted |  | Revaluation |  | Restricted |  | Total |  | Total

| funds |  | reserve |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ | £ |

INCOME AND | ENDOWMENTS FROM |

Donations and legacies | 2 | 208,141 |  | - |  | 252,764 |  | 460,905 |  | 390,228 |

Investment income | 3 | 9,290 |  | - |  | - |  | 9,290 |  | 5,298 |

Total | 217,431 |  | - |  | 252,764 |  | 470,195 |  | 395,526 |

EXPENDITURE ON

Charitable activities | 4

Providing care and support for the homeless | 93,339 |  | - |  | 113,861 |  | 207,200 |  | 183,547 |

Providing a foodbank for those in need | 57,982 |  | - |  | 108,342 |  | 166,324 |  | 118,822 |

Providing winter shelter for the homeless | - |  | - |  | - |  | - |  | 480 |

Total | 151,321 |  | - |  | 222,203 |  | 373,524 |  | 302,849 |

NET INCOME | 66,110 |  | - |  | 30,561 |  | 96,671 |  | 92,677 |

Transfers between funds | 16 | (2,084 | ) | - |  | 2,084 |  | - |  | - |

Net movement in funds | 64,026 |  | - |  | 32,645 |  | 96,671 |  | 92,677 |

RECONCILIATION OF | FUNDS |

Total funds brought forward | 856,667 |  | 65,532 |  | 13,371 |  | 935,570 |  | 842,893 |

TOTAL FUNDS CARRIED FORWARD | 920,693 |  | 65,532 |  | 46,016 |  | 1,032,241 |  | 935,570 |

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

BALANCE SHEET

31ST MARCH 2025

| 2025 |  | 2024

| Unrestricted |  | Revaluation |  | Restricted |  | Total |  | Total

| funds |  | reserve |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 10 | 286,524 |  | 65,532 |  | 1,457 |  | 353,513 |  | 353,929 |

CURRENT ASSETS |

Debtors | 11 | 6,395 |  | - |  | 475 |  | 6,870 |  | 2,698 |

Cash at bank and in hand | 675,194 |  | - |  | 44,254 |  | 719,448 |  | 682,418 |

681,589 |  | - |  | 44,729 |  | 726,318 |  | 685,116 |

CREDITORS |

Amounts falling due within one year |  | 12 | (10,230 | ) | - |  | (170 | ) | (10,400 | ) | (16,832 | )

NET CURRENT ASSETS | 671,359 |  | - |  | 44,559 |  | 715,918 |  | 668,284 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 957,883 |  | 65,532 |  | 46,016 |  | 1,069,431 |  | 1,022,213 |

CREDITORS |

Amounts falling due after more than one year |  | 13 | (37,190 | ) | - |  | - |  | (37,190 | ) | (86,643 | )

NET ASSETS | 920,693 |  | 65,532 |  | 46,016 |  | 1,032,241 |  | 935,570 |

FUNDS | 16

Unrestricted funds | 986,225 |  | 922,199 |

Restricted funds | 46,016 |  | 13,371 |

TOTAL FUNDS | 1,032,241 |  | 935,570 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

HOPE 4 (RUGBY) LTD (REGISTERED NUMBER: 06614898)

BALANCE SHEET - continued

31ST MARCH 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20th October 2025 and were signed on its behalf by:

D L P Mansell - Trustee

D Proctor - Trustee

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

| Income

| All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

| Expenditure

| Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Designated funds are unrestricted funds that have been set aside by the charity for a specific purpose.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

| Significant judgements and estimates

| There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future period.

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | DONATIONS AND LEGACIES

| 2025 |  | 2024

£ | £ |

| Donations | 203,034 |  | 203,395 |  |

| Grants | 257,871 |  | 186,833 |  |

460,905 |  | 390,228 |  |

| The following donations in excess of £3,000 have been received : |  |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Geoffrey Philip Martindale Estate |  | - |  | 4,000 |  |

| Bilton Evangelical Church |  | - |  | 3,000 |  |

| Winwick Wind Farm |  | 8,000 |  | 8,000 |  |

| Trussell Trust Top-Up |  | 6,314 |  | 9,281 |  |

| Anonymous |  | 3,000 |  | - |  |

| H&M Hennes and M B HM |  | 13,355 |  | - |  |

| Grants received, included in the above, are as follows:

| 2025 |  | 2024

£ | £ |

| 29th May 1961 Charitable Trust | 6,000 |  | 6,000 |  |

| Rugby Borough Council | - |  | 8,000 |  |

| Warwickshire County Council | 6,000 |  | 5,733 |  |

| Big Lottery | 122,444 |  | 115,350 |  |

| Amazon Covid Grant | 2,000 |  | - |  |

| Trussell | 121,427 |  | 51,750 |  |

257,871 |  | 186,833 |  |

3. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Deposit account interest | 9,290 |  | 5,298 |  |

4. | CHARITABLE ACTIVITIES COSTS

| Direct costs |  |

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Providing care and support for the homeless |  | 207,200 |  |  | 183,547 |

| Providing a foodbank for those in need |  | 166,324 |  |  | 118,822 |

| Providing winter shelter for the homeless |  | - |  |  | 480 |

|  | 373,524 |  |  | 302,849 |

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

5. | DIRECT COSTS OF CHARITABLE ACTIVITIES

| 2025 |  | 2024

£ | £ |

| Staff costs | 239,642 |  | 186,488 |  |

| Foodbank donation to the Hope Centre towards running costs | 1,800 |  | 1,800 |  |

| Rates and water | 1,375 |  | 755 |  |

| Insurance | 5,483 |  | 3,464 |  |

| Light and heat | 14,699 |  | 13,703 |  |

| Telephone | 676 |  | 494 |  |

| Postage and stationery | 2,013 |  | 1,066 |  |

| Repairs and renewals | 5,072 |  | 3,408 |  |

| Sundries | 8,461 |  | 9,217 |  |

| Food costs | 6,904 |  | 13,700 |  |

| Travelling | 1,524 |  | 289 |  |

| Advertising | - |  | 1,544 |  |

| Training | 77 |  | 1,417 |  |

| Subscriptions | 2,769 |  | 2,543 |  |

| Computer costs | 6,470 |  | 8,045 |  |

| Bank charges | 286 |  | 175 |  |

| Events and promotions costs | 9,832 |  | 10,024 |  |

| Professional fees | 1,716 |  | 1,417 |  |

| Accountancy | 2,856 |  | 2,736 |  |

| Citizens Advice Project | 41,684 |  | 28,158 |  |

| Foodbank expenses | 1,556 |  | 2,056 |  |

| Motor expenses | 2,075 |  | 2,045 |  |

| Book keeping | 3,300 |  | 3,200 |  |

| Mental health service staff | 8,837 |  | - |  |

| Depreciation | 1,170 |  | 1,310 |  |

| Loss on sale of assets | - |  | 480 |  |

| Interest payable and similar charges | 3,247 |  | 3,315 |  |

373,524 |  | 302,849 |  |

6. | NET INCOME/(EXPENDITURE)

| Net income/(expenditure) is stated after charging/(crediting):

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Depreciation - owned assets |  | 1,170 |  |  | 1,310 |

7. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

8. | STAFF COSTS

| The average monthly number of employees during the year was as follows:

| 2025 |  | 2024

| Support staff | 7 |  | 7 |  |

| Administrative staff | 1 |  | 1 |  |

8 |  | 8 |  |

| No employees received emoluments in excess of £60,000.

|  | 2025 |  |  | 2024 |

| £ |  |  | £ |  |

| Wages |  | 217,424 |  |  | 170,842 |

| Employers national insurance |  | 13,850 |  |  | 8,691 |

| Pension costs |  | 8,368 |  |  | 6,955 |

|  | 239,642 |  |  | 186,488 |

9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Revaluation |  | Restricted |  | Total

| funds |  | reserve |  | funds |  | funds

£ | £ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 213,395 |  | - |  | 176,833 |  | 390,228 |

| Investment income | 5,298 |  | - |  | - |  | 5,298 |

| Total | 218,693 |  | - |  | 176,833 |  | 395,526 |

| EXPENDITURE ON

| Charitable activities

| Providing care and support for the homeless | 68,314 |  | - |  | 115,233 |  | 183,547 |

| Providing a foodbank for those in need | 61,326 |  | - |  | 57,496 |  | 118,822 |

| Providing winter shelter for the homeless | 480 |  | - |  | - |  | 480 |

| Total | 130,120 |  | - |  | 172,729 |  | 302,849 |

| NET INCOME | 88,573 |  | - |  | 4,104 |  | 92,677 |

| Transfers between funds | (1,382 | ) | - |  | 1,382 |  | - |

| Net movement in funds | 87,191 |  | - |  | 5,486 |  | 92,677 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 769,476 |  | 65,532 |  | 7,885 |  | 842,893 |

| TOTAL FUNDS CARRIED FORWARD | 856,667 |  | 65,532 |  | 13,371 |  | 935,570 |

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

10. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1st April 2024 | 350,000 |  | 27,027 |  | 7,800 |  | 384,827 |  |

| Additions | - |  | 754 |  | - |  | 754 |  |

| At 31st March 2025 | 350,000 |  | 27,781 |  | 7,800 |  | 385,581 |  |

| DEPRECIATION

| At 1st April 2024 | - |  | 23,346 |  | 7,552 |  | 30,898 |  |

| Charge for year | - |  | 1,108 |  | 62 |  | 1,170 |  |

| At 31st March 2025 | - |  | 24,454 |  | 7,614 |  | 32,068 |  |

| NET BOOK VALUE

| At 31st March 2025 | 350,000 |  | 3,327 |  | 186 |  | 353,513 |  |

| At 31st March 2024 | 350,000 |  | 3,681 |  | 248 |  | 353,929 |  |

| The property was revalued by Howkins and Harrison on 26th March 2019. The original cost of the building is £284,468.

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Gift aid tax recoverable | 5,823 |  | 1,868 |  |

| Prepayments and accrued income | 1,047 |  | 830 |  |

6,870 |  | 2,698 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 14) | 3,780 |  | 8,218 |  |

| Trade creditors | 1,598 |  | 835 |  |

| Social security and other taxes | - |  | 3,207 |  |

| Accrued expenses | 5,022 |  | 4,572 |  |

10,400 |  | 16,832 |  |

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025 | 2024 |

£ | £ |

| Bank loans (see note 14) | 37,190 |  | 86,643 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year on demand:

| Bank loans | 3,780 |  | 8,218 |  |

| Amounts falling between one and two years:

| Bank loans - 1-2 years | 3,906 |  | 9,496 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 12,528 |  | 27,247 |  |

| Amounts falling due in more than five years:

| Repayable by instalments:

| Bank loans more than 5 years | 20,756 |  | 49,900 |  |

15. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 40,970 |  | 94,861 |  |

| The loan is secured by a First Legal Charge over the freehold property, 8 Newbold Road, Rugby.

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

16. | MOVEMENT IN FUNDS

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.24 |  | in funds |  | funds |  | 31.3.25 |

£ | £ | £ | £ |

| Unrestricted funds

| Hope Centre General Fund | 456,778 |  | 58,668 |  | (2,084 | ) | 513,362 |  |

| Rugby foodbank | 299,889 |  | 7,442 |  | - |  | 307,331 |  |

| Foodbank rent fund | 100,000 |  | - |  | - |  | 100,000 |  |

| Revaluation reserve | 65,532 |  | - |  | - |  | 65,532 |  |

922,199 |  | 66,110 |  | (2,084 | ) | 986,225 |  |

| Restricted funds

| Building refurbishment fund | 3,395 |  | - |  | - |  | 3,395 |  |

| Foodbank van expenses | 618 |  | (2,137 | ) | 2,084 |  | 565 |  |

| Cookery Grant | 2,301 |  | (42 | ) | - |  | 2,259 |  |

| BIG Lottery Grant | 943 |  | 3,857 |  | - |  | 4,800 |  |

| Amazon Covid Grant | - |  | 2,000 |  | - |  | 2,000 |  |

| Trussell | 1,556 |  | 13,257 |  | - |  | 14,813 |  |

| WCC | 558 |  | 899 |  | - |  | 1,457 |  |

| Xmas food | 4,000 |  | - |  | - |  | 4,000 |  |

| OLM | - |  | 11,991 |  | - |  | 11,991 |  |

| Peace Together | - |  | 736 |  | - |  | 736 |  |

13,371 |  | 30,561 |  | 2,084 |  | 46,016 |  |

| TOTAL FUNDS | 935,570 |  | 96,671 |  | - |  | 1,032,241 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| Hope Centre General Fund | 147,092 |  | (88,424 | ) | 58,668 |  |

| Rugby foodbank | 70,339 |  | (62,897 | ) | 7,442 |  |

217,431 |  | (151,321 | ) | 66,110 |  |

| Restricted funds

| Foodbank van expenses | - |  | (2,137 | ) | (2,137 | ) |

| Cookery Grant | 38 |  | (80 | ) | (42 | ) |

| BIG Lottery Grant | 122,444 |  | (118,587 | ) | 3,857 |  |

| Amazon Covid Grant | 2,000 |  | - |  | 2,000 |  |

| Trussell | 73,834 |  | (60,577 | ) | 13,257 |  |

| WCC | 6,035 |  | (5,136 | ) | 899 |  |

| OLM | 47,593 |  | (35,602 | ) | 11,991 |  |

| Peace Together | 820 |  | (84 | ) | 736 |  |

252,764 |  | (222,203 | ) | 30,561 |  |

| TOTAL FUNDS | 470,195 |  | (373,524 | ) | 96,671 |  |

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

16. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.23 |  | in funds |  | funds |  | 31.3.24 |

£ | £ | £ | £ |

| Unrestricted funds

| Hope Centre General Fund | 390,621 |  | 67,539 |  | (1,382 | ) | 456,778 |  |

| Rugby foodbank | 278,375 |  | 21,514 |  | - |  | 299,889 |  |

| Rugby winter shelter | 480 |  | (480 | ) | - |  | - |  |

| Foodbank rent fund | 100,000 |  | - |  | - |  | 100,000 |  |

| Revaluation reserve | 65,532 |  | - |  | - |  | 65,532 |  |

835,008 |  | 88,573 |  | (1,382 | ) | 922,199 |  |

| Restricted funds

| Building refurbishment fund | 3,395 |  | - |  | - |  | 3,395 |  |

| Foodbank van expenses | 1,660 |  | (2,127 | ) | 1,085 |  | 618 |  |

| Cookery Grant | 2,830 |  | (529 | ) | - |  | 2,301 |  |

| BIG Lottery Grant | - |  | 646 |  | 297 |  | 943 |  |

| Trussell | - |  | 1,556 |  | - |  | 1,556 |  |

| WCC | - |  | 558 |  | - |  | 558 |  |

| Xmas food | - |  | 4,000 |  | - |  | 4,000 |  |

7,885 |  | 4,104 |  | 1,382 |  | 13,371 |  |

| TOTAL FUNDS | 842,893 |  | 92,677 |  | - |  | 935,570 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| Hope Centre General Fund | 135,853 |  | (68,314 | ) | 67,539 |  |

| Rugby foodbank | 82,840 |  | (61,326 | ) | 21,514 |  |

| Rugby winter shelter | - |  | (480 | ) | (480 | ) |

218,693 |  | (130,120 | ) | 88,573 |  |

| Restricted funds

| Foodbank van expenses | - |  | (2,127 | ) | (2,127 | ) |

| Cookery Grant | - |  | (529 | ) | (529 | ) |

| BIG Lottery Grant | 115,350 |  | (114,704 | ) | 646 |  |

| Trussell | 51,750 |  | (50,194 | ) | 1,556 |  |

| WCC | 5,733 |  | (5,175 | ) | 558 |  |

| Xmas food | 4,000 |  | - |  | 4,000 |  |

176,833 |  | (172,729 | ) | 4,104 |  |

| TOTAL FUNDS | 395,526 |  | (302,849 | ) | 92,677 |  |

HOPE 4 (RUGBY) LTD

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

17. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31st March 2025 (2024 - none).