2023-03-31-accounts - Chain Of Hope

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					2023	2022
			Unrestricted	Restricted	Total	Total
		iVote			8
Income from:
Donations and legacies			718,207	3,766,331	4,484,538	2,048,042
Other trading activities			556,542		556,542	26,322
Investment income			11,650		11,650	236
Other						11,587
Total income			1386,399	3,766331	5,052,730	2,086,187
Expenditure on:
Raising funds			763,514		763,514	330,370
Charitable activities:
Overseas Activities			21,460	2,586,362	2,607)822	1,309,371
International Child Referral Programme			234,173	302,585	536&75S	476,109
Total expeaditure			,4 9 4	2.888.94	3,908,094	2,115.850
Net income/(expenditure)	before
other recognised gains and	losses		267,252	877,384	1,144,636	(29,663)
Net gains / (losses)						(29,085)
Net Meveiuent in fnnds			267)252	S77,384	1,144,636	(58,748}
Reconciliatiea offunds:			1,637,195	989,502	2,626,697	2,685,445
Total funds brought for)vard
Total funds carried forward			1,904,447	1,866,886	3,771433	2,626,697

				Note	2023	2023	2023 f.	2022 8	2022I
Fixed assets:
Tangible assets							4,616		8,039
Curreot assets:
Debtors				12	355,398		183,422
Cash at bank and in		hand			3,792,637		2,782,774
					4,148,035		2,966,196
Liabilities:
Creditors: amounts		falling	due within one
year					~381.3	8	347,538
Net cur re at assets							3,766,717		2,618,658
Total assets less curreot			liabilities				3,771433		2,626,697
Total net assets							3,771433		2,626,697
Funds				15
Restricted funds							1,866,886		989,502
Unrestricted funds:
General funds					1984447		1,637,195
Total unrestricted	funds						1,904,447		1,637,195
Total funds							3,921479		2,626,697
The financial statements			have been prepared	in accordance		with	the special provisions	for small	companies
under Part 15ofthe		Companies Act 2006.

			CHAIN OF HOPE	CHAIN OF HOPE
			Statement	ofCash Flows
		For	the year ended 3faMarch		2023
			Note	2023	2023	2022	2022
							f
Net cash (osed in) operatiog activities			17		999,343		(91,342)
Cash flows from investing		activities:
Interest received				11,650		236
Payments to acquire fixed	assets			(1,130)		(5,136)
Net cash used in flnancing		activities			10,520		(4,900)
Change in cash and cash equivalent in the year					1,009,863		(96,242)
Cash and cash equivalent	at the beginning ofthe
year					2,782,774		2,879,016
Cash and cash equivalent		atthe end ofthe
year					3,792,637		2,782,774
Cash and cash equivalent		consists of:
Cash at bank snd in hand					2792,637		1,782,698
Short term deposits					1,500,000		1,000,076
Cash and cash equivalent		at31stMarsh 2023			3,792,637		2.782,774

I)	CHAIN OF HOPE Notes toThe Financial Statements For the year ended 31n IVIarch 2023 Accounting policies
a)	Company Status
	The company is a company listed by guarantee and hss no share capital. The company is domiciled and
	incorporated in England and Wales. The members ofthe company are the Trustees named on page l. In the event ofthe company being wound up, any liability in respect ofthe guarantee is limited to Xl per member ofthe company. The address ofthe registered ofilce is given on page 2 ofthese financial statements. The nature ofthe charity's operations and principal activities are explained in the Trustees Report.
b)	Basis for preparation
	The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the
	Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS 102),Charities Act 2011 and the Companies Act 2006.
	The financial statements are prepared in sterling which is the functional currency and have been rounded to
	the nearest pound.
	The financial statements have been prepared under the historical cost convention.
	The charitable company meets the definition ofapublic benefit entity under FRS 102.Assets and liabilities
	are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
	accounting policy or note.
c)	Going concern
	The financial statements have been prepared on a going concern basis as the trustees believe that no
	material uncertainties exist. The trustees have considered the level offunds held and the expected level of income and expenditure for the 12 months from authorising these financial statements. The budgeted income and expenditure in addition to existing reserves is sufficient to fund the charities future operations and for the charity to be considered agoing concern.
d)	Income
	Gifis, donations and income froin other trading activities are recognised when the charity has received the
	funds and any performance conditions attached to the income have been met. Other income, including tax recoverable fmm Gifi Aid is credited on an accrual's basis.
	Gant income relating to the Government Coronavirus Iob Retention Scheme is recognised under the accrual model in line with stafi costs and is included in other income.
	Gifis and donations include amounts received at fundraising events and general gifis.
	Legacies are accounted for at the earlier of:
	- the date on which the chmity is aware that probate has been granted.
	—the estate has been finalised and notihcation has been made by the executor(s) to the charity that a distribution ivill be made; or
	—when adistribution is made from the estate
	Receipt of a legacy, in whole or part, is only considered pmbable when the amount can be measured
	reliably, and the charity has been notified ofthe executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware ofthe granting ofprobate, and criteria for income
	recognition have not been met, then the legacy is treated as acontingent asset and disclosed ifmaterial.

			2022	2022	2022
			Unrestricted	Restricted	Total
Income from:
Donations and legacies			739,959	1,308,083	2,048,042
Other trading activities			9,822	16,500	26,322
Investment income			236		236
Other income			11,587		11,587
Total income			761,604	1.324,583	2,086,187
Expenditure on:
Raising funds			330,370		330,370
Overseas activities				1,309,371	1,309,371
International child	referral programme			476,109	476,109
Total expenditure			330,370	1,785,480	2,115,850
Net income/(expenditure)		before other
recegnised gains and losses Other gains			431,234 ~e9.0u	(460,897)	(29,663) (29,085)
Net movemeat in	funds		402,149	(460,897)	(58,748)
Transfer between	funds		(124,983)	124,983
Total funds brought	forward		1,360.029	1,325,416	2,685,445
Total funds carried forward			1.637,195	989,502	2,626,697

3)	Income	fr	o	m	donations and le	gacies
												2023	2022
							Unrestricted			Restricted		Total	Total
Gids							716,945			1,953,284		2,670,229	1,111,031
Donated services								1,262		1,813	047	1814309	937011
							718v207			3,766,331		4,484,538	2,048,042
4)	Income	from			other trading activities
												2023	2022
							Unrestricted			Restricted		Total	Total
												8
Fundraising		Event					556,542					556,542	26,322
5)	Income	from			investments
												2023	2022
							Unrestricted			Restricted		Total	Total
Bank interest								11,650				11,650	236
6)	Other Income
												2023	2022
							Unrestrirted			Restricted		Total	Total
Coronavirus		Job		Retention Scheme									11,587
7) Analysis		of		expenditure
					Basis of allocation	Cost of raising funds f.		Overseas activities			ICRP	2023Totalf	2022 Total
					Direct /
Statfcosts					Headcount		234,086		135,519		97,084	466,689	369,487
Direct costs					Direct		425,802	2,530,916			399,475	3,356,193	1,549,151
Grants	made				Direct				65,688			65,688	68,884
Grants	written-
back					Direct			(177,901)				(177,901)
Support	costs				Headcount		103,626		53,600		40,199	197,425	128,328
Total expenditure				2022/23			763,514	2,607,822			536,758	3,908,094	2,115,850
Total expenditure				2021/22			330,370	1,309,371			476.109	2.115.850	2,075,835
Ofthe total expenditure, fi,019,147						was	made &om unrestricted			funds	(2022:f330,370),f2,888,947		was made
from	restricted		funds (2022:fl,785,480).

8) Net Income / (expendit	8) Net Income / (expendit	ure) for the year
This is stated atter charging		/ (crediting):		2022
Operating lease	rentals:
Property			30,132
Other equipment			964	328
Depreciation			4,553	8,434
Auditor's remuneration:
Audit fees			11,100	10,200
Accountancy	services		4,772	4,074
Foreign exchange losses / (gains)			2,7715	29,085

						2023	2022
						8
Salaries and wage-						385,554	308,001
Temporary Staff						28,574	22,673
Social security costs						37,966	29,011
Employer's contribution	to defined contribution		pension	schemes		11,459	9,801
Work permit costs						3,136
						466,689	369,486
The following number	ofemployees	received	employee	benefits (excluding	employer	pension) during the year
in excess off60,000:
						2023	2022
						No.	No.
660,000-869,999						I	I
f./0,000-f79,999

The averag	e number ofemployees during the year was	as follows:
		2023	2022
		No.	No.
Raising funds		5	2
Charitable	activities	5	4
Support		2	2
Governance		I	I
		13

11)Tangible fixed assets
		Fixtures	Computer	Medical
		and fittings	equipment	equipment	Total
Cost
At the start ofthe year		27,817	28,071	148,537	204,425
Additions in year Disposals At the end ofthe year	~(26.744 1,073		1,130 ~9,I(94 19,307	~35.723 112,814	1,130 ~72,361 133,194
Depreciation
At the start ofthe year		27,817	25,403	143,166	196,386
Eliminated on disposal Charge for the year At the end ofthe year	~(26,744 1,073		1,571 ~9,894 17,080	2,982 ~(35,723 110,425	4,553 ~72261 128,578
Net book value
As at 31stMarch 2023			2,227	2,389	4,616
As at 1stApril 2022			2,668	5,371	8,039
All ofthe above assets are used for charitable		purposes.

12) Debtors
			2023f	2022
Other debtors			28,710	16,102
Prepayments			51,952	82,663
Accrued income			274.736	84,655
			355.398	183,422
13) Creditors: Amounts	falling due within	one year
			2023f	2022 f
Trade creditors			53,229	57,759
Grants payable			150,046	177,901
Other creditors			7,600	12,768
Accruals			156,363	89,763
Other tax and social security			14,080	9,347
			381,318	347,538

Property	Property	Equipment	Equipment
31stMarch	31stMarsh	31stMarch	31stMarch
2023	2022	2023	2022
88,560		1,138	328

exhausted, to en	sure maxim	um o	perational deliver	y and to ensure	that the objectives	ofthe charity a	re met.
							As at31st
			As at 1st	Incoming			March
			April 2022	resources	Outgoing		2023
			Total Fund	& gains	resources	Transfers	Total Fund
Restricted fundst
Country Related Overseas Activities
Aswan I			29,858	158,776	(47,041)		141,593
Aswan 2			135,415	250,394	(154,966)		230,843
Ethiopia Missions	and
Development (840)Fund 017				50,000			50,000
Jamaica I			10,260		(10,260)
Jamaica 2			25,000		(25,000)
Jamaica Hardware	Equipment	Fund		2,000			2,000
Rwanda				5,000	175,554		180,554
Uganda			10,918				10,918
Other			1,718	675			2,393
fnternarional Child ReJerrat
Programme
Child Funding				418,727	(302,585)		I16,142
PH Fund				400,000			400,000
3}fedicatRitaipment
htedical Equipment	I		298,138	16	(30,581)		267,573
Medical Equipment	2		4,201	33,125	(1,538)		35,788
General Overseas hlissions &
Development			473,994	2,420,961	(2,492,280)		402,675
Training				20,000			20&000
Ukraine				6,657	(250)		6,407
Total restricted funds			989,502	3,766,331	(2,888,947}		1,866,886
General Funds			1,528,611	1,286,399	(1.019.147}		1,795,863
Unrealised exchange gains Total ua restricted funds			108,584 &.83 .&9	389399	~1.&89,		108,584 1,904,447
Total funds			2,626,697	5,052,730	(3,908,094)		3,771333

						As at31st
		As at 1st	Incoming			March
		April 2021	resources	Outgoing		2022
		TotalFund f	hh gains	resources	Transfers f.	Total Fund K
Restricted funds:
Counuy Related Overseos Actnitiet
Aswsn 1		144,853	6,852	(121,847)		29,858
Aswan 2			219,913	(84,498)		135,415
Jamaica 1		64,839		(29,579)	(25,000)	IDQ60
Jamaica 2					25,000	25,00{I
Uganda			16,540	(5,622)		IDES
Other		1,268	450			I,'718
lnternotionul Child	Referru!
Programme
Child Funding		74,194	276,932	(476,109)	124,983
Refugee Children		252	15,000	(15252)
Medical Equipment
Medical Equipment	1	309,838	(500)	(11,200)		298,138
Medical Equipment	2	43380	3,972	(43,051)		4,201
General Overseas Missions R
Development		686,892	785,424	(998,322)		473,994
Total restricted funds		1,325,416	1424,5S3	(1,787,4SD)	124D83	989,502
Geoeral Fuads		1,222,360	761 604	(330370)	(124983)	ly528 611
Unrealised exchange	gains	137,669		(29085)		108484
Total uorestricted	funds	1,360,029	761,604	(359,455)	(124,983)	1,637,195
Total funds		2,685,445	2,086,187	(2,144,935)		2,626,697

16) Aaalysis ofne	t assets	between funds
			Unrestricted				Restricted	Total
					f
Fixed Assets						2,227	2,389	4,616
Cash and current investments					1,814,859		1,997,778	3,792,637
Other current assets	/ (liabilities)					87,361	(113,281)	124,126
Total					1,904,447		1,866,886	3,921,379
2021/22 Comparatives
			Unrestricted				Restricted	Total
					f
Fixed Assets						2,668	5,371	8,039
Cash and current investments Other current assets / (liabilities) Total					1,583,395 31,132 13637,195		1,199,379 2,782,774 ~2)3248) ~)64 116) 989,502 2,626,697
17) Reconciliation	ofnet	income/(expenditure)			to	net cash	flow from operating activities
							2023	2022
Net income / (expenditure)		for the reporting		period
(as per the statement offinancial activities)							1,144,636	(58,748)
Depreciation							4,553	8,434
Interest, rent and dividends		&om investments					(11,650)	(236)
Increase in debtors							(171,976)	(76,541)
(Decrease)/Increase	in creditors						33,780	35,749
Net cash provided	by / (used in) operating		activities				999,343	(91,342)