##
|REFERENCE Al'1D ADiYIINISTRATIVE|INFOR/EIATICN||
|---|---|---|
|TRUSTEES' ANNUAL
REPORT|||
|WHO WE ARE||P.2|
|WHAT WE DO||P.2|
|HOW WE DO IT||P.8|
|FUTURE PLANS||P.9|
|WHAT WE HAVE ACHIEVED
IN 2021/22||P.10|
|HOW WE RAISE MONEY||P.14|
|REVIEW OF 2021/22 FINANCIAL|POSITION AND FUNDRAISING ACTIVITIES|P. 15|
|STRUCTURE, GOVERNANCE
&|MANAGEMENT|P.17|
|INDEPENDENT
AUDITORS' REPORT||P. 20|
|STATEMENT GF FINANCIAL
ACTIVITIES|||
|STATEMENT OF FINANCIAL
POSITION||P. 25|
|STATEMENT OF CASH Fl OWS|||
|NOTES TQ THE FINANCIAl
STATEMENTS||P. 27|
##
|CHAR!|i Y NUMBER.|i Y NUMBER.|1079385||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|COMPANY||NUMBER:|03926278||||||||
|TRUSTEES:|||Mr A Mills —Chair||||||||
||||Mr M Adams
(resigned||||and|re-elected 11'"October||2021)|
||||Ms C Chapman||||||||
||||Mr A Gosling||||||||
||||Mrs R Madeiros-Mhende||||||||
||||Mr P McQuade|MBE|||||||
||||Mr P Wall MBE (resigned and re-elected 11'"October 2021)
Mrs W Wall MBE (resigned
and re-elected 11'"October 2021)||||||||
|COMPANY||SECRETARY:|Mrs C Kennedy||||||||
|PRINCIPAL||AND|||||||||
|REGISTERED OFFICE;|||Unit 123,Edinburgh|||House|||||
||||170 Kennington|Lane|||||||
||||London||||||||
||||SE115DP||||||||
|AUDITORS:|||Hawsons
Chartered|||Accountants|||and Registered|Auditors|
||||Jubilee House||||||||
||||32 Duncan Close||||||||
||||Moulton
Park||||||||
||||Northampton||||||||
||||NN3 6WL||||||||
|BANKERS:|||The Co-operative||Bank||||||
||||1 Balloon Street||||||||
||||Manchester||||||||
||||M60 4EP||||||||
|SOLICITORSi'|||Clifford Chance||||||||
||||10Upper Bank|Street|||||||
||||London||||||||
||||E145JJ||||||||
##
##
##
##
##
|ANPPCAN|Kenya|MPC Blantyre||Cheka Sana||ACET Gulu|'|SAZimbabwe|
|---|---|---|---|---|---|---|---|---|
|CDN Nakuru||MPC Nkhoma|[|FANISI|i|ACET Mbale||Simukai|
|Undugu||||ZACA||Oasis Mbale|||
||||||.|Oasis Pader|||
|||||||RIDE|||
|||||||SA Uganda|||
##
##
##
##
##
##
##
##
##
##
|VIJESEEHOPE|REPORT OF THE TRUSTEES OF WESEEHOPE FOR THE YEAR ENDED 30™JUNE 2022|REPORT OF THE TRUSTEES OF WESEEHOPE FOR THE YEAR ENDED 30™JUNE 2022||'i
i|I
r,|
|---|---|---|---|---|---|
||||||I'|
|||||'N|53|
|||||HOPE||
|Loss ofkey|staff|I Country managers
knowledge
and responsibilities
shared||||
|||Programme
knowledge
and data shared and documented||in||
|||UK and Africa||||
|||Fundraising
and key relationship
responsibilities
shared||||
|||Systems and strategies
documented||||
|Fundraising||Clear fundraising
strategy
and income goals developed||||
|||Ambassador
Programme
strengthened||||
|||Dedicated
channel-focused
fundraising
staff approach|taken|||
|||. Income pipeline
diversified
and supporter
base increased||||
|||Capacity and supporter
engagement
experience added|to|||
|||team||||
|Dependency|on major|: Major dependencies
identified
with sensitivity
analysis||||
|income donors||Adequate
reserves
policy implemented||||
|||Diversification
and broader supporter base included
in||||
|||fundraising
strategy||||
|Foreign currency||Consider forward
contracts for payments
to in-country|partners|||
|||' and consultant
expenses||||
|International
fundraising|offices|Licencing
and Service Level Agreement
(SLA) contracts
' place||in||
|||Formal legal registration
process followed||||
|||Formal reporting
in place to ensure that fundraising
objectives||||
|||are in line with the UK||||
|Reputational|risk in|Cloud-based
file storage system,
CRM database
and||||
|UK||accounting
package
with individual
password
protected||||
|||access in place||||
|||External support
in place for IT issues, upgrades
and||||
|||cybersecurity||||
|||Regular backups of data on all plafforms
scheduled
to||||
|||mitigate data loss||||
|||Regular briefings to team on fraud awareness
occurring||||
|Reputational
Africa|risk in|Live financial
audits carried out where COVID restrictions
' Clear guidelines,
documentation
and receipts process in||allow
place||
|||Separate dedicated
bank accounts
required
for WeSeeHope||||
|||funds||||
|||Training
and technical advice provided
for in-Country
partners||||
|Safeguarding||Safeguarding,
child protectioil
and whistleblowing
policies||||
|||' reviewed
and in place||||
|||Culture of recognising
risk encouraged||||
|||Safeguarding
addressed
during
monitoring
visits||||
|Travel and health||Risk assessments,
detailed
planning
and briefing for all trips||||
|||Foreign Office and in-country
partner guidance
followed
' Waiver form in place for all travellers||||
|||Travel, health
and life insurance
in place for employees||||
|||Adherence
to vaccination
protocols required||||
##
##
##
##
##
##
##
##
##
||||Unrestncted|Restricted|Total|Tots!|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
|||Note||f|2022
f|2021
f|
|Income|||||||
|Donations
and|legacies|3|893,Z97|41,046|934,343|718,271|
|Invesbnent
income||4|12,445||12,445|15,880|
|Total income|||905,742|41,046|946,788|734,151|
|Expenditure|||||||
|Casts of raising|funds|6|338,476||338,476|370,983|
|Expenditure
on|chantable
activities|7|846,347|63,023|909,370|790.745|
|Total expentfiture|||1 184823|63,023|1247$46|1 161,728|
|(Loss)!gain on investm entassets|||(101,112)||(101,112)|189,647|
|Net expenditure|for the year||~300)Rl|~2)077|~402170)|~237030)|
|Reconciliation|offunds||||||
|Total funds brought
forward|||1,056,955|26,063|1,083,018|1,320,948|
|Total funds cerned forward|||67676Z|4,086|680,848|1,083,018|
##
||||||2022|2rgi|
|---|---|---|---|---|---|---|
|||||Note|6|9|
|Fixed assets|||||||
|Tangible assets||||10|1,530|3,879|
|Investments||||11|610,210|1,006,636|
||||||611,740|1,010,515|
|Current assets|||||||
|Debtors|||||27,646|41,090|
|Cash at bank|and|in|hand||71,619|78,334|
||||||99,265|119,424|
|Liabilities|||||||
|Creditors: Amounts|||falling due within|13|(30,157)|(46,921)|
|one year|||||||
|Net current|assets||||69,108|72.503|
|Net assets|||||680,848|1,083,018|
|The funds ofthe||charity|||||
|Restricted
income||funds||14|4,086|26,063|
|Unrestricted|income||funds|15|676,762|1,056,955|
|Total charity|funds|||15|680,848|1,083,018|
##
||||2022|2021|
|---|---|---|---|---|
|||Note|E|E|
|Net cash used in operating
activiTies||16|( 306,899)|( 382.408)|
|Cash flow from invesbng
acfivigies|||||
|Purchase oftangible assets||10|(780)||
|Proceeds
from disposal
oftangible assets|||930||
|Purchase
of fixed asset investments||11|(62,758)|(4&3,848)|
|Proceeds
from disposal
offixed asset investments||11|369,365|406,193|
|Net cash movement
in investments||11|(11,294)|301,636|
|Interest received|||34|12|
|Dividends
received|||12.647|15,742|
|Investment
management
fees paid|||(7,960)|(9,723)|
|Net cash provided
by invesbng
activities|||300,184|230,012|
|Net decrease
in cash and cash equivaients|||(6,715)|(152,396)|
|Cash and cash equivalents
at the beginning|ofthe year||78,334|230.730|
|Cash and cash equivalents
at the end of|the year||71,619|78,334|
|Cash and cash equivalents
consi sin of:|||||
|Cash at bank and
in hand|||71,619|78,334|
##
##
##
##
##
##
##
##
##
##
##
|||||202'I|
|---|---|---|---|---|
|Gross incoming
resources|||946,788|734,151|
|Charitable
activities|||(909,370)|(790,745)|
|Cost of raising funds|||(338,476)|(370,983)|
|(Losses) Igains on|investment|assets|(101,112)|189,647|
|Net outgoing resources|||(402,170)|(237,930)|
|Total funds
brought|forward||1,083,018|1,320,948|
|Total funds carried|forward||680,848|1,083,018|
|Represented
by:|||||
|Restricted
income funds|||4,086|26,063|
|Unrestricted
income|funds||676,762|1,056,955|
||||680,848|1,083,018|
##
|||2022|2021|
|---|---|---|---|
|||E|E|
|Unrestricted||||
|Individuals||491,835|371,639|
|Corporate donors||373,984|226,652|
|Community|groups|4,478|750|
|Trusts and Foundations||23000|73000|
|||893,297|672,041|
|Restricted||||
|Individuals||8,428|8,356|
|Corporate donors||8,740|11,778|
|Community|groups||498|
|Trusts and Foundations||23878|25598|
|||41,046|46,230|
|||||202 I|
|---|---|---|---|---|
|Listed|and unlisted|investments|12,411|15,867|
|Bank|interest receivable||34|13|
||||12,445|15,880|
##
||||A&Ines!ad to|A&Ines!ad to||||||
|---|---|---|---|---|---|---|---|---|---|
||||C atttable||Coals ol||Oo'i|tT'an"||
||||acravl(Ies|tais|I'|funJ||||
|Governance||||||||||
|Audit|||3,603|||4,972|||8,575|
|Legal and professional||fees|123|||170|||293|
|Support costs (Note|5)||2,808|||3876|||6.884|
|Travel and subsistence|||71|||97|||168|
|Wages and national|insurance||19,930|||27.5'IO|||47,440|
||||26,535|||36,625|||63,160|
|Suppolt coals||||||||||
|Bank charges|||1,013|||653||126|1,792|
|Depreciation|||721|||995||193|1,909|
|Finance|||552|||762||148|1 462|
|Foreign exchange|||(51)|||(71)||(14)|(136)|
|General oflice|||13,573|||11,960||2,319|27,852|
|IT|||2,182|||3.011||584|5,777|
|Premises|||13,113|||17,166||3.328|33,607|
||||31,103|||34,476||6.684|72,263|
##
|||||Unrestricted|Restricted|Total F!inds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|||
|||||||2022|2021|
|||||||E||
|Bank charges||||2,670||2,670|2,421|
|Other promotional||activities||27,364||27,364|10,099|
|Printing
and|design|||5264||5,264|1,032|
|Postage and stationery||||14||14|22|
|Governance|costs|(Note|5)|36,625||36,625|36,576|
|Support costs (Note 5)||||34,476||34,476|46,881|
|Travel and|subsistence|||191||191|65|
|Wages and|national
insurance|||217,768||217,768|247,500|
|Investment|management||fees|7,960||7,960|9,723|
|Other fund|raising|costs||6.144||6.144|16,664|
|||||338,476||338,476|370,983|
||||||(
|
|---|---|---|---|---|---|
|7
I XP NDITURE CFI CHARiTiABLF||AC rIVITIES|||sr.
HOPE|
|||Unrestricted|Res!ncted|Total Funds|Tenet Funds|
|||Funds|Funds|||
||||||2021|
||||||E|
|ACET, Uganda||59,800||59,800|43,858|
|ACET VIP, Uganda||15,579||15,579|10,922|
|ANPPCAN,
Kenya||36,979|516|37.495|34,040|
|ANPPCAN
VIP, Kenya||14,120||14,120|12,037|
|Bicycle Fund|||||2,639|
|CDN Nakuru,
Kenya
Cheka Sana, Tanzania||11,362
27,841|6,203
144|17,565
27,985|22,265
23,364|
|Child Headed
Households
CWPS, Zimbabwe|Programme|29,560
7,056||29,560
7,056|12,150
35,942|
|Fanisi, Tanzania
orna,||6,548||6,548||
|Goat Fund|||||1,226|
|Infrastructure||31,688||31,688|2,046|
|Knowledge
exchange||1.265||1,265||
|MPC Blantyre,
Malawi||39,476|17,339|56,815|44.437|
|MPC Blantyre VIP, Malawi||2,100|8,319|10,419|10,958|
|MPC Nkh
Iulalawi
Oasis Mbale, Uganda||2,794
16,009||2,794
16,009|5,479
12,175|
|Oasis Pader. Uganda
Oasis Capacity Building, Uganda||13,294
9,413||13,294
9,413|19,175|
|PASADA. Tanzania||4,910||4,910|13,991|
|RIDE, Uganda||40,919||40,919|18,712|
|RIDE VIP, Uganda||14,464||14,464|5,232|
|Salvation
Army, Uganda||17,752|484|18,236|15,972|
|Salvation
Army, Zimbabwe||7,897||7,897|10,728|
|Simukai,
Zimbabwe||26,318|2,400|28,718|27,429|
|Undugu,
Kenya||18,589|17,600|36,189|30,390|
|ZACA, Zanzibar||19,165|10,018|29,183|27,012|
|Other VIP various||77,205||77205|74850|
|||552,103||615126|517,029|
|Grants to individuals||||||
|Scholarships||120||120||
|Monitoring
and evaluation||||||
|Wages and
Nl||164,438||164,438|145,337|
|Travel costs
Other direct costs
Governance
costs (note 5)||9,835
62,213
26.535||9,835
62,213
26,535|3,767
61,546
24.125|
|Support costs (note 5)||31.103||31.103|37.373|
|||846,347|63,023|909,370|790,745|
|WESEEHOPE|NOTES TO THE FINANCIAL|NOTES TO THE FINANCIAL|NOTES TO THE FINANCIAL|STATEMENTS|STATEMENTS|STATEMENTS|FOR THE|YEAR|ENDED 30™
JUNE 2022|ENDED 30™
JUNE 2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||wt 3-r|
|8
NET EXPENDITUR|||FDR THE|YEAR||||||HOPE|
|||||||||||20" I|
|This is stated after charging:|||||||||||
|Auditors'
remuneration:|||||||||||
|Audit fee|||||||||8,575|8,022|
|Accountancy,|taxation|and|other services||||||1,136|960|
|Depreciation|on owned|assets|||||||1.909|2,389|
|9.
STAI=F|COSTS||||||||||
||||||||||2022|2021|
|Wages and|salaries||||||||362,983|373,630|
|Social security costs|||||||||37,230|34,492|
|Pension costs|||||||||29,433|29,206|
||||||||||429,646|437,328|
|The average|monthly head||count ofemployees|||during|the year|was:|||
||||||||||2022|2021|
||||||||||No.|No.|
|Full time equivalent||||||||||10|
|The number|ofemployees||whose employee||benefits||amounted|to over F60,000||in the year was:|
||||||||||2022|2021|
||||||||||No.|No.|
|F80,001 - c90,000|||||||||||
|870,001 - E80,000|||||||||||
|iU
TANGiBLE FIXED AESETE|iU
TANGiBLE FIXED AESETE|iU
TANGiBLE FIXED AESETE|||'E 3.3
HOPE|
|---|---|---|---|---|---|
||||0QiTi Q ' ltc:||.Qtsl|
||||I:qu!Qill Pnt|Eti ui p ment||
|||||E||
|Cost||||||
|At 1st July 2021|||34,414|18,443|52,857|
|Additions|||780||780|
|Disposals
At 30th June 2022|||35,194|( 2,140)
16,303|( 2,140)
51,497|
|Depreciation||||||
|At 1st July 2021|||33,506|15,472|48,978|
|Charge for the year
On disposal
At 30th June 2022|||1,168
34,674|741
~t920
15,293|1,909
( 920)
49,967|
|Net BookValue||||||
|At 30th June 2022|||520|1,010|1,530|
|At 30th June 2021||||2,971|3,879|
|F'
Etl AS=F|lihlVES IiyiEI'I iE|||||
|Valuation||||||
|Opening
balance|||1,006,636|1,040,970||
|Additions
at cost|||62,758|483.848||
|Book cost adjustments|||617|270||
|Disposal proceeds|||( 369,365)|( 406,193)||
|Net realised
investment
gains|||69,796|79,069||
|Net unrealised
investment||(losses)l gains|( 171,526)|110,308||
|Net cash movement
Market value at 30th|in investments
June||11,294
610,210|~(3D1,636
1,006,636||
|The investments
are|made|up as follows:||||
|UK equities|||173,610|295,739||
|Overseas
equities|||319,932|541,609||
|UK fixed interest
and|gilts||23,740|66,553||
|Others|||92,928|102,735||
|Total|||610,210|1,006,636||
##
|||2022|2;)21f|
|---|---|---|---|
|Other debtors||9,389|15,905|
|Prepaym|ents|10,729|10,906|
|Accrued|income|7,528|14,279|
|||27,646|41,090|
##
|13.CREDITORS: ALMOUKITS FALLING D|UE WITHIN
ON YEAR||
|---|---|---|
||2022f|2021|
|Other taxation and social security|10,107|10,065|
|Other creditors|1,441|3,145|
|Accruals|18,609|33,711|
||30,157|46,921|
##
|14.STAt EIYIENT OF FUNDS||||||
|---|---|---|---|---|---|
||At 1st|Income|Expenditure|Other losses|At 30th|
||July 2021||||June 2022|
||E|E|E|E|E|
|Unresiricted|1,056,955|905,742|(1,184,823)|( 101,112)|676,762|
|Charitable
acgvities||||||
|ANPPCAN,
Kenya
CDN Nakuru,
Kenya||516
7,333|(516)
(6,203)||1.130|
|Cheka Sana, Tanzama|||(144)|||
|MPC Blantyre,
Malawi||17,339|(17,339)|||
|MPC Blantyre VIP, Malawi|8,319||(8,319)|||
|Salvation
Army, Uganda||484|(484)|||
|Simukai,
Zimbabwe||2,400|(2,400)|||
|Undugu,
Kenya|17,600||(17,600)|||
|ZACA, Zanzibar||12,974|(10,018)||2,958|
|Other VIP various||||||
|Restricted|26,063|41,046|(63,023)||4,086|
|Toad Funds|1,083,018|946,788|(1,247,846)|( 101,112)|680,848|
##
||At '1st|Income|Exgenc!iture|Dither gains|At 30th|
|---|---|---|---|---|---|
||July 2020||||Jime 2021|
|0nrestricted|6|||6|6
.058.|
|Charitable
activities||||||
|ACET VIP, Uganda
ANPPCAN.
Kenya
ANPPCAN
VIP, Kenya
Bicycle Fund
CDN Nakuru,
Kenya
Cheka Sana, Tanzania
Child headed
households
Goat Fund
MPC Blantyre,
Malawi
klPC Blaotyre VIP, Malawi
MPC Nkhoioa,
Malawi
Oasis Mbafe, Uganda
PASADA. Tanzania
RIDE VIP, Uganda
Salvation
Army, Uganda
Simukai, Zsubabwe
Undugu,
Kenya
ZACA, Zanzibar
Other VIP various
Resetcted|3.519
1,168
23,508
1,060
19,277
14,819
47,990
13550
124891|516
498
2,333
7,000
15,240
1.750
1,486
292
4,515
2,600
10,000
46.230|(3,519)
(516)
(498)
(1,168)
(2,333)
(23,364)
(7,000)
(1,060I
(15,240)
(10,958)
(1,750)
(1,486)
(292)
(4,515)
(14,819)
(2,600)
(30,390)
(10,000)
(13,550)
(145,058)||8.319
17,600|
|Total Funds|1.320948|734 151|(1,161,728)|189617|1083,018|
##
|15.ANALYSIS OF THE CHARITY'S|NET ASSETS BET|WEFN FLINDS|(CONTINUE|
|---|---|---|---|
||Pesrricsed|General|Total|
||funds|fundsf||
|Fund balance at 30th June 2021||||
|Represented
by:||||
|Tangible fixed assets
Investments||3,879
1,006,636|3,879
1,006,636|
|Net current assets|26,063|46,440|72,503|
||26,063|1,056,955|1.083,018|
|||||2021f|
|---|---|---|---|---|
|Net income||(402,170)|(237,930)||
|Depreciation
of tangible assets||1,909||2,389|
|Investment
income||(12,445)||(15,880)|
|Net tosses/(gains)
on investment|assets|109,072|(179,924)||
|Realised loss on fixed asset disposal||290|||
|Working
capital rnovemenis:|||||
|- decrease/(increase)
in debtors
- (decrease)/increase
in creditors||13,209
~16266,||34,185
14,752|
|Cash flow used in operating|activities|~2366,M6|i 362.6263||
||||2022
f|2021
f|
|---|---|---|---|---|
|Total|payments|due:|||
|Within|one year||37,375|35,836|
|Within|two to five years|||37,375|
||||37,375|73,211|
##
##