Cotnpani. ReRlStered ) umber: 39334?0 Charitt, Reui5tered N'umber: ID813 CFL4IN OF HOPE TRL'STEES, REPORT FtNXNCI.IL STA TEIIENTS FOR THE YEAR E.NDING 315T.WCH 2024 CIIAP4 OF HOPE T.4BLE OF COITEJTS CH.4tN OF HOPE TRLSTEES REPORT ...........--....................-..-.-~.-...-..._._-......-...-.......-....-1- 12 TRUSTEES RESPOI%'SIBILITtES..............................................................- ...... ....... 13 IYDEPEYDEYT ALry)ITOR'S REPORTTO THE TRusfEES OF CHAIIY OF HorE....................... 14- 17 ST.4TEMEYT OF FIi.4NCI.4L ACT￿mEs ....-.-.-.-.-...........--._.._... .18 BAL￿NCE SHEET....-._._.........--...~.........-....--................ _..._............_........_.._._.......__...19 STATEIIE)ry OF CASH FLOWS...-.-.--.-.--.........---.....--..-..-.--.-........--..--......................20 L OTES TO THE Fih'AINCbKL STATE}￿￿Ts ............-.--.....-....-.-.--...-.-....---.-.....................21- 32 CH.4LN OF HOPE CH.41I' OF HOPE TRL:STEE5 REPORT FOR THE YEAR ENDLNG 31Si IIARCH ?0?4 The Trustees are pleased to prc5enl their report. tooether ivith th¢ financial 5tateinents. tor the year endillg 31 larch 2024. The linancial staltyments comply iviih eurrcnt sfaturory requiremenis includiii(r Il)c special proi.'isions iElattng io companies iubject to the small companie5 iegime within part l i of the Conipanies Act 2006. tlie rneinorandum and Articles ot Assoeiaiion and tbc Statement of Recommended Practice - Accountino and Reporting by Charities IFRS 1021. LEG.4L .￿D￿[IN1STRAT[VE SLTMINL4RY Nature of governing iustrument ChaRn of Hope is a Company Limited by Guaraniee. Reoistration Number 393)4?O and a Regisiered Cbarity.. Number 1081 J84. The Charity was established as a Tn￿t in 1996 al￿ was then incorporated as a Company Limited by Guaraniee in F¥b￿ary )000. It is ooverned by its Memorandum and Arnicles ot As"sociatioii. President Prot-e5sor Sir ma￿di Yacoub OE¥l FRS Honorary Vice Presidents Princess Esmerelda of Belgium Countess Noemi f¥laronc Cit Irs Shertnc Saiviris Mrs Dina Nassil Trnstees and Direetor5 Dr lan Gavin Wri2ht- Chairnian Professor Vicior T￿n￿- Vice ChaiF L r Jason Edel Profcssor Vibeke Hjortdal Dr Alan Magcc 15 Mi aura O'callaghan Louise Pctry (resigned I st April ?023) tr arc Walden-Loiv¢ (appointed 2?Dd Febtuary 2024) Professor Sir fvla.trdi Yacoub OM FRS The tru5te¢s and the principal officers are sllpported by a number of sub comTnittces and groups. details of vhich can be found on ihe charity's website. SafvFllarding Group Irs Mo O'Reilly- Reiired social iVOTker and Head of PlaceTtMts at BAAF Ms ￿laUra O'Callaghan- Cardia¢ nurse and Lcad Safeguardints Twstee Ms Lucy 055ack- Director of Operations and Head of Govern2nee Ms Enllna Scanlan - CEO Ms Lisa Yacoub- Rivanda and Follow up co ordinator Celebrity .4mbassAdors Is Ale.xandra Butke Ir Omid Djalili Ir Chn"s Eubank Jnr Mr Rupert Everett J s Kimberley Gamer Mrs Fiona Haivthotlle I s Ulrika Johnson Ms Felicity Kendal Mr & Mrs Robert Pircs Ir Colin Salmon CH.4tY OF HOPE CIL4IN OF HOPE TRLSTEES REPORT (COJ'TLNLTD) FOR THE YEAR EIJ)II'G 3151 .TrL4RC.H 2024 LEG.4L .￿ND .4DhllYISTIL4TTr￿ SL ThL4RY {COINTlINLED) Chief ETecutive Officer- ￿1155 Emma Scanlan Registered Office5 The Office GTOUP I LyTiC Square Harnmersmith 60NB Charlty Bankers Lloyds Bank plc King5 Road Chelsea Loiidon SWJ Naiwesl Bank plc 183b Kings Road Chelsea London SWJ SEB Nationryvidc Nationivide Buildino Society Kings Park Road Moulion Park Auditors Ioore (South) LLP Chartered Accountants Suire J. Second Floor Friary Court l3-? l High Street Guildford Surrey GU13DG Legal Advisors Russell-cooke LLP 2 Puthey Hill London Swli 6AB Seddons 5 Portman Square London WIH6NT CH.4IN OF HOPE CH.ItN OF HOPE TRLSTEES REPORT (COK[[¥L￿D) FOR THE YEAR ENDING 31SI 11.4RCH ?11?4 C&L4IUTI' ORJECTS a) The reli¢fof iickne5s and io preSc￿e and PToiect thc hcalih of people_ in particiilar but noi cxclusivelv. children trotn abroad. a￿1 b) To tllrther iu¢h other exclusively chartiable purposes aeLording io thc lau. of England and Wales as thc Trusiees in their ab501utc discretion from lime lo time detcrTninc. PL'BLIC BENEFrr The tmsiees Confirffl thdt the target beneficiary oroup is within Public Benefit as the servi¢es are ultI￿atc1Y aimed ar any pati￿t5 Ivbo do Doi bave access ￿ healthcare for free in the countries Iliey are based. We have rcfcTh¢d to the Chartty Commlssion's genaal fwuidance on Public Benetit ivhen reviewing our aims and objectives and in planning our future activitics. fn particular. the board ot ttusteC5 consider how planned activities will contribute to ihe aitns and objcctive5 they have set. IISSION ST.￿TE￿lE1yr To develop sustai1￿ble clinical and ￿searCh cardiac centres tor treatment of children and young people with bean disease kll Countries whcrc facilities for suc.h trearmenrs are unavailablc. While tbts primary objective ts undeThva}'. patients in need from thcse and othcr countries may be brought lo thc tiK or otlier centres approved by Chain of Hope thr such treatments. OBJECTIVES ￿l'D AcrivrrTES Ir is estimated that 15 million cknldren die or are cripplcd annually by potentially ￿alab]e or preventable cardiac diseases. Chain ot Hope aims io address ihe surgical incquality ol Ihese cardiac children around the world. As pall of ihis ooal. CILain of Hope is assisiing ivith ihe c5tablishmeDt of cardiac services and facililics in Coulltties Ivhere th¢y do not exist. The Lharity has 4 matn activi11￿. To conduct surgical and medical teachin￿ mTr5sions thai undettsk¢ clos¢d and open-heart surgery childt¢n and offer a range of out-pati¢nl ser¥'ices. To provide teachintr and train¥ng for cardiac and associated healthca￿ workers wiibin the coulltries ivhe Chain of Hope 15 helping 10 ¢reat¢ sustainable cardiac seryices for childrcn. 3. To assist witb the development of infrastructure by providing equipm¢nL advising on Services aTkd helping to build capacity. 4. To orgaiiise and sponsor treatment for child￿￿ througb thc charity's International Child Referral Programme (ICRP). Iminediate success is measured by ihe number of missions orwised and the number of children treated in a rew)rtin(v period. Long rern) impact 15 mea5uied by how manv cases and of what complexiry ihe -local. teams Ivhom ive support aroulld the world have conducted. .4CHIEVETrJENTS AIJ'D PERFORhlAINCE Durin£ The year our hard-WOTking staff and volunteers managed to pcrtotm a total of 384 complex ¢ardia pioccihjres. The majoritv of paiients were treaied during ihe I S Ircatnienr and 1rdinin￿ missions ivhi¢l) we put ioeether and mobilised durinu tbe fmancial year. Otlier patients were reached thiough our sustainabiliry pio.utaiTllne ivhere lye continue ro sUPPOrt the developmcnt ofiardiac centres by providing vital equipn]clli at supplies io the local hcalthcare professionals in the Lountri¢s. to cllable them to carry out procedures locally and autonomously. .4 ￿la] of 26 paiients ivere treaied through our emergency iran%fer prograTnTnc. the International Child Ret"erral prO￿a￿me. CILILN OF HOPE CH.41J OF HOPE TRLSTEES REPORT (CONTIN.LED) FOR THE YEAR ENDING 3151 }1.4RCH ?0?4 The folloiving seerion dctails how the chariry achi¢ved this and the other actlvllies that ￿¢re sel as ooals and objectives ai the beginniijg ol IhL financial year. Procedures rformed Diiect Nli5SiOI]S 206 Local Ethio ia fvIis51011 24 Local L anda Grant Aswan Heart Centre Susiainabili 107 International Child Referral 26 TOTAL Achievements a ain5t ob"e¢tives $¢t for the vear 2023124 Jgmglca We aimed to send hyo (?) volullteer illterventional catheter teams to support the treatment of hventv (20) eases: We acmally managed io successfully tnobilise thre¢ {3) catheier training learns io Jamaica during the fitmncial year as ivc Tesponded to the need to trdin thc local tcam in dIa￿ostIC ¢atheieri5atlOD. DurtntTr these three catheter volunteer DliSSiOnS a roral of 16 children bad interventional procedures (o cotrcct their heart det.ec￿ and a lothl of 10 dia￿oStieS were conducted as meniorship t.or the local Cardiolo￿ tearn in Jamaica at ihe BUStanian￿ hospital for childrcn so thai they can do procedures oll Ihcir oivn for the futur¢. In ?018 a paedialric c￿heter lalx)ratory ivas donated by Chain of Hope and partn¢rs to the hospiial in order to enablc Ihese procedur We aimed to send SIT (6) volunteer 5ur(vical teams to support the trealnLent of forty (40) cases: We maDaoed to Su￿essfUllY tnobilise three (3) surgical mission& Thvo 12) of ivhich were small iiitensive care teams sent to support the local paediatric caTdiac surDcon to do cases as P#rt of QUT goal to help create a local auto￿0¥￿0uS pacdiattic cardiac service. Overall the three surgical support missions collectivety treated ?4 children in Jamaica in need of open heart surgery. The number of these surgical support missions iyere less than planned due to the planncd fiJnding source being removed al short Dotice for this tinancial year. We aitThed to 5UPPOrt the mana%ement Tyitb renumeraflon: We continued lo support the managerneni ot Chain of Hope Jamaica and the programme co-ordinator's renumeration so ihai ikncy ivere able io conlinue to co ordinate in coming trainitjg and ireaEm¢nt missions as well as conttnue to sup￿rt the developmeni of a local paedialric cardiac service. In addition. Ive ￿nded the TeJnun¢raiion of contracted aLYounlant serviccs. Ethio We aimed to provlde vltal Supplies for the loc￿ ieam at the Ethiopill Cardiac Centre to treat thirty (30) cases: We seni wtal cardiac suroical consunmbles for the local team lo treat ?4 children bwffering from heart disease during ihis financial year. We almed to send one 5urgic41 volunteer mi&5ion team to a5515t the local team ivith ten (l O) case5: We achieved the mobilisntion of one suroical mission led by Dr Hasnat Khan from Basildon Ullivet5ity Hospital INHS Twsr. who opciatcd on LIJD t18) Patien￿ suiyering from Lomplex hei1fl dcfecls. CII.4Th OF UOPE CEL4L) OF HOPE TRI"STF.ES REPORT {CONTI¥LTrD) FOR THE YE.4R ENIDLNG 31St.￿[.&RCH ?0?4 Ive aimed to sertd one {1) inlerventional catheter Iolullteer ￿￿5510￿ team to a5515t tbe local team with ten {10) cases. Sadly ive had ro Laiicel this mission due io untoreseen circuin5taETrces. Ive aimed to selld one coinbin¢d surgical and inten'entiooal eatheter Yolunteer mission to assist the loc21 team ivith fifteen (1 S) cases- Sadly, Ive had lo cllnLel ihis mission one iveek before due to unfores¢en circumstances. Ive to support the Cardiac Centre Ethiopia with £36k of equipment: We supported the Cardiac Cenire Ethiopia by l-acilitatin£ ihe donaiion ot- mcdical equipment valued at £1 JO.000. We aitned to proiqde one combined surgieal interventionol catheter voluoteer team vtsit to #ssist the local team iiith seventeen (17) cases: We mobiltsed leading int¢[￿c￿tional catherisaiion CardiologisT. Protessor Shakeel Quereshi to conduct ?3 correc11￿e procedure5 ID children at the Lganda Heart IDstilulc ILTrIl> in Kampala. This iiys our first mission conducted ￿Ince fhe Coiiid-19 pandcmic and the trearment and cxchange ot knoiYledf4e during this i'islt was hi¢yhly ivelcomed by ihe Cardiology tram at LJHI. Addiiionally, we linancially supported a surgical mi&siOll to the L'(Jp nda Heart Institutc ivhich succe&sfully treated nine (9) paitents suffering from life thr¢atenin￿ hean disease in NoveTnber ?023, led by Gift ol Life Cardiologist Dr Craig Sable. We aim lo conlribute to a Glft of LIf￿R0¢ary grant to allow the loeal team to purcb95e devtces to treat ttvenh-.five (2S) cgses.. We contributed io the Gift of LitelRotary grdnt which enabled the local sur(Tical team ai UHI 10 operntc ? I childrcll. Refll ro eet We aimed to eDnduet six (6) missions to Jordan to support the treatment of the refugee5 children from war torn countrie5 as well 95 lo¢al palients: Sadly. due to the initial period of the Israel-Gaza war one mi&sion to Jordan io trcat children in the region ivas cancellcrL however ive did successfully mobilise a ioial ol five (5) missions to Jordan. treaiing a total of 47 patients through conducting a total of 49 procedu￿. Thre¢ tJ]i&sions ivere led by Prot"essor Tsang, Head of Cardiac Surgery at Great Omiond Street and COH Trustee to Ihe Jordan University Hospilal. The remaining ttvo missions iycre led by Dr Mark TurrcntÈnc of Reilly Children s Hobpltal: Tndianapolis M,hose parthetship we atE extremely gratetiil for. Dominican R ublic We aimed to partner iyith Gift of Life to support one mlsslon to the Dominican Republlc". Two missions ii'ere iUCCeS5fully mobilised to Ihe Dominicall Republic in pattnershTrp M'ill) Gift ot Life conducting a lolul of -16 procedures collectively. Thc r￿s[ ivas in June ?02J and wa5 led both by surgeon Rodrioo Soto who operaied on l O patient ill Ibis r￿St mission, togeiher wilh lead inierveniional ardiolooisi Dr John Breinholt ivho conducted nine 19) corrective inte￿entional procedures and thtcc 13) diaguostic procedures. Thc 5ccond mission was in Fcbruary ?024. led once again by Gift of Life ￿1rge0ll Dr Rodrigo Solo who Ireaied ien I l O) patients ivith congeniial heart disrasc and six 16) bv Interventional CardiologTrst Dr ohn Breinbolt. OF HOPE CEL41N OF HOPE TRLSTEES REPORT (CONTLN'LED) FOR THE E.)4DLNC 31Jt .NIARCH ?0?4 Kosovo Ive airned to p￿rther iiith Gift of Life to support ont mi55ion to Kosovo: We successfvlly aLhicvcd Ilu"s in November ?0?3 ivhcn we partneied ivith Gift of LifL and a ￿arn trom Albany Hospital Neiv York io condllci a mission to Pris(tn4 Kosovo ro conduct 2) procedures. Tctl I l O} ol tliese procedures conducted by pacdiatric Cdrdiac >urgeon Dr Neil Devejian. were open heart Sur￿er1e5. nine 191 ii'ere iniervenrional catheteTS and rhree 11) wcrc dIa￿OstiC catheters pcrformed by illterveniional cardiologis1 Dr John Bteittholt. Rwand8 We 4imed to facilitate nursino tralning placements for 10 Rivandan nur5e5: Wc succe5sfiLlly achieTr'ed ihis Iraining placement lor l O nurse5 from Rivanda for Iheir first year of training in paediairic cardiac intensive care ai the Asivan Heart Ccntte. E?ryPt. Chian of Hope fijnded their trans￿rt. accomm(thtion. Stipe[￿ and tuition fees. Gambia We aimed to facilltate aD echo Clin￿ in the Ggmbla to folloiv up on patients treated bv COH: We mobilised tivo mefflbcr5 of Chain of Ho￿. our Trustee and Cardiologist Dr Alan Niaoee togethcr %viih our ICRP Inanagcr, hfls Caiilin Steinke to 5crccn arÉd follow w) 4) Pklticnts in GaTnbia in fvlay 2023. ICRP We aimed to transfer 24 p8tlent5 overseas for tregtment through the ICRP: We tran5fcrred and treated a tottl of 26 patient through the ICRP programll￿. some ot which ivere extremely complex emergency cases which required medical escorts. Fundraisin We aimed to hold the Gala Bsll again this year alld al￿ to raise a minimum of £l.i7m: We sllccosst.ully o￿an15Cd our ?0?4 Gala Ball and raised a toial o( £1.6Tnillion thi.s financial ycar reaching our thrget. We llirned to ￿ntinue to illcrease our fundr4lsin£ outside of the Gala and alm to rni5e 2 totgl of £998k: We raised a total of £749.(X)O outside of the Gala Ball during the last financial year. Grant Giving The charity uives ￿an1$ where ihis is a good way of achieving its objectives by providing Drat]t fundinu to or(Fanisations with purposes and aittLS SÈtnilar to our own charity aims. We utilise giving agreements which incotporale stringenl conditions on the use of funds or rcsources and Ihese agrecmcnts Stipulate reporting requirements to ensure that the wlee uses the ￿t￿lS for tbe cotreet charitable purEK)ses. DuTing ihc yw, l? ordnts ivffe madc by Chain oft Hope. Four grauts ivere made ￿ Chain of Hope Jamaica. £39:019 toivards ihe balary of Ihc Fundraisin￿ Manager and advninislrator and contribution to cxtcrnal Finan¢¢ support. One grant ivas tnade lo the Asivan Heart Centre for £103.i66 for the treatment of 18 Egyptian children. Five .Ivranis Nvere made to Gift of Life International. being one 10 support mi&%ions in Kosolro, £li.i62. two For the Uganda Heart Institute. £JJ.J87 and £1 1.79) and hyo ivere mad¢ for Dominican Republic. £15,898 and £23.i86 10 sponsor 5uTuerie5 and catheterisations. Tivo grants were made to Jordan Universiry Hospital for surgical tttattneni ofrefitgee patients. one for.£1.9?? al￿ one t.or £9:568. CH.4tY OF HOPF_ CH.1￿ OF HOPE TRLSTEES REPORT (co:YrtSUED) FOR THE YEAR ETrU)tNG 3171 IL4RCH ?0?4 Future Plans for ?lJ241?5 Oi'erseas erations Ob"ectives for the vear Y0241?02i Jamaica We aim to send lh￿¢ {3) volutlteer surgical support Inicnsive Care U'nil teavns to swiport ihe rreatsncnt of Thvenry-one (I I I ca Ive aTm to send three (3) volunteer interveniional ¢&ihet¢r ieams 10 supiKirt tl)e trcatment of nventy- seven l?7) cases Nve aim io send one { I I full surgical mission Team to 5UPPOrt the trvdtn￿nl of ( l O) ca5C5 Wc aitn to re-establish a registered cardiac ICL nursintr training programme We aim io facilitate a perfusion trdining placement for one perfusionist We aim to continue to support the marmgemenl of Chain of Hope Jamaica s wnuneration Wc aim to 5UPPOrt the Jamaica Childtcn's Heart Centre i*tth equipment Eo the i'alue ot £20.000 Ethio We aim to provtde vital supplics for the local team at the Ethiopia Catdiac Centre to treat Ihirry (30) ases We al￿ to set￿ one (l ) Surgical voluntrer mi&sion team lo assist thc l(Kal r&qm with ￿[1 (10) cases We aim ro send one ( l) interventioTral caththr volunteet mission tedni to assist the local ieam with fifteen (15) cases Wc aitn to iUPFrtirt the CaTdiac Centre Ethiopia with £20.(KK) of equiptneot anda Wc aim to send iJn¢ {] ) inlervencional catheier volunteer mission team io assist thc local tedm i¥ith rifteen I li) cases We aim to send one (l ) surgical volunteer mission ieavtt to assist the local tean) with Icn 110) cases Jordan Pro'ect We aim to conduct five (5) mi55ions to Jotdall to 5UTWt the treatmenl of the refuoees and ehildrcn from ivar torn countries as ivell as local wdticnts. Tanzania We aim lo sclld one ( l) surgical volunteer mission ieam io assist ihe local team with (en { l O) c&scs. Bolivia Ve aiffl to partner ivith Gifi of Life Ill￿￿10n81 to siipiKJrt tti'o (2) missions io Bolivia Dominican Re ublic We aim to partner iviih Gift of Lite International io support two (?) missions ro the Dominican Republic Riyanda Wc aim ro coniinue ti]ndin¥ the sccond year ot training placeMetEts foi teD (10) Rwandan nurses We aim to tund per￿slo￿ Eraining plaeemcnts for thtEe (J) perfusionists CFL4LN. OF HOPE TRLSTEES iiEPORT (COIN'Tli¥UED) FOR THE YEAR EN4DI)TG 315t }IARCH 2024 Fundraisln Ob ective5 To raise over £1.6million at Ihe Gala Ball To rdise over £91 i.3iO outside of Ball To research. develop and implemcni three year fjjndino tsroivth plan tor ?025-?8. STRUCTURE. GOTrIlL¥￿jCE TrIAIN.4GETrtEryT Trustee Board (Trustees are lisced in the Letral aDd Administrative Summ¥rv) The board ol" twste¢s is responsible lor the governance and financial n￿oeMent of the chariry. We hold four Ix)ard meeting5 cach year and convene extra meetings ivbere necessary during the year. Trnsfres decide and agree policy and approve a framework for the charity's delivery of aciivitie& Day 10 day Ttkanagement is delcaatcd to the Chief Executive OtTic¢r. T￿Stee5 are subject to re-appoinlvnenl every four yeats and in receni vears Ihe Nflemorandum and Articles were amended so thai ihe charity no lonuer requires an AGM ro be hcld to propose atld appoint n￿¥ t￿￿tee5. Noninaiions a￿ made at ttU5tcc tncetings alld are con5id¢red Care￿1]Y. Ttwsiee posilions are ad￿'ertIse{L a￿d external reeruilmeut is ellcollraged fr>r good prdciice and io kncreasc thc cTistinu network of the charity. During ihe tinancial vear, onc of our Board membe15 and Treasurcr. Louise Perry also resigned frorn the boatd. Louise wab replaced in the latter part of the rtnancial year by fvlr fvlarc IValden-Loive a certified Lhdrtcrcd accouniani IACCA) who has also worked in leadershTP and fflanagcmcnt roles within both finance and insurance. Nlarc joins the board with a wealth of knowled￿¢ which is use￿1 for the chariry's financial management and risk manageTnCnt. Personnel Follo￿,)ng on from rebuilding our capa¢ity Post pandemic during the last financial year, wc have continued to recn]il team memixrs to be able io Éncrease activity. Ovcr the financial year we recruited a fi￿her No neiv m¢mbers of staff aud etnployed thvo t¢mporJry members of staff io assisi (he Gala Ball. Pav scal¢s (Itr ivorkcd out according to management or administration levels ivithin ihc organisation, with consideration givcu to perfornwice revieiv and len￿h of 5crvice. Perforn)ance revI￿V$ are conducied antlually. bui objectives ate rcviewed on an on-going basis through the year. The Chief Executive Officer's performance and rernuncration are reviewed annually by thc Cbairtnan and Treasurer. The5¢ a￿ benChm￿k£d against charitable orgallisaliolls of a similar Size and Compl￿lty using a sthndard benchma￿Ing tool within the chariry sector. Risk Committee The Risk Commillee is a sub_committee of the tnwee board sd up to &55c&s thc charity's risks. the best ways of mitioating th¢m and monitoring progtess on ihi& Ii is comprised of our le￿￿1 Trnstee who acts as Chair. our treasurer. Ihe CEO. thc Director of Operaiions. and ihrcc oEhcr t￿￿tee5. one surgeoo on¢ cardiologisl and our safeguarding Truslee. MoTe recently the risk comfflittee has iiivited a new member 10 join ivho is not a TTh￿[ee but a volunieer of the chariry ivho works in patient safetv. Tbe Risk Committre reviJv and UEMIate policies and recommend thcm to the trustees for approval. Material tisks are Considered on a rolling basis by Ihe boaTd. The Risk Committee also Monito￿ potenhal serious incidents and provides a regular rerM)rt on th￿ to the board loi Eheit consideratio CH.4IN OF TTOPE CH.ILTh OF HOPE TRLSTEES REPORT (CONTLNLED) FOR THE YE.4R ENDING 315t }l.IRCH 2024 Finanee Group The Financc Group. led by the Treasur¢r and comprised of ihe CEO and thc Fil￿nce N4lanager meei monthly 10 ITtonitor and [￿'le￿￿- financial processes. procedures and policies. the manauement accollnrs and tlie recordin and usa(Fe ot resiricied fvnds recei￿ed by the charity. Financial risk is5ucs fdL5td 3re bn)uJt to the Risk Cotnmittcc alld iheii the Trusiee Board as llLcessary. Gala Ball Fundraising Committee The Gala Ball Cornmittcc is chaired by Mrs Sheriiie Saiviris. tOOLther iviih k'iLe-ChaiTS ￿[r5 Dina Roushdi. fvl Matia Sukkar and Mr.s Cherine Helmy. The Committcc has li mem￿r5 in ioial ivho havr t¥iven their time to help rais¢ thc fi￿d5 needed for this much celebratcd annual ￿'en1. Con)mittee members are responsiblc for obtaiiiing the livc and silent auciion prizcs nccdcd tor this evenr. Their hard woTk and Co[￿￿CtIOnS enable the cliarity to 4(r tlier hioJ end luxury ttems for the ￿ctIOnS. Thc Gala was a gredt success ovcrall alld was sponsored by global wealth management firni. Azura, along iviih other corporate and individual sponsors. The evenino includcd higb profile entertainment from J055 Stone and E.ryptian Soprano Fatma Said. A total of £1.6 million was rdi5ed ii,hich was a good ouicome triven the cost of living crisis and middle eastern confiict. ledical Committee The hledical Commiltee is comprised of cardiologists and suriTeons from differeni hospfttals includiiig Great Ortnoiid Street Hospiial for Sick Childrell, Royal Brompton and Harefield NHS Trust. Ev¢lina London Children's Hospithl. The Hari¢y Street Clinic. The Medical Committee meets monthly to revirnv medical fileg of patierjts iyho are applyints for medical treathient ihrough Chain of Hope. 115 remit 15 to advise the ttustees on medi¢al poliry and oversee the srnooth medical managcment of the chaTity'S JCRP. This Conimittee was jointly chaired during this financial period by Profe&8or Sir Sliak￿l Qureshi. Dr Alan Magre and Dr Rodney Fra[￿lin. .Mission Commlttee The Mission Committee was created durÉng rhe last f￿anCIal yedr to help support the staff with both ihe vetting ot i'olunteers as well a5 putting Eo£eiher the composiiioD of medtcal ieams for each and every niission or (raining visii. This uroup aims 10 ensure ihe corrcct skill mix would be sent to ihc right missionltraining visit. The ￿Mi¢ of ihc ML i&5ion Committee also includes reviewing ihe medical volunteer applicaiion proce5& ideniifying aims and objectives for missionltrainin& and reviewing the perfoTTnaT]cc of tbe medical teams. The Cotntnittce is provided a debriet on each mi&8ion and ensures that all issues and incidenrs are raised and reported appropriaiely: and subscqucntly escalated at risk meetings and if 1￿Cessary. at Trustee level. The imission Committcc is chaired by Cardiac iNuTse and T[￿￿tec of Chain of Hope, fvlauta O'Callag1￿1 and aims to act as an adi'isory group to review. evaluate and monitor all overseas aciivitics perfornied by medical voluntecr tcams. Retrieval Panel The reirieval pan¢1 ivas Cstablished prior to ihis financial ycar wilh the al[￿ ol-supportin¥ Ihe Medical commiltee wilh advising oli all patien1>* requiring mcdical assTStance during ￿nS1-Cr to one of the charity 5 partncr hospiials. Thc pancl is chaired by Consultant Pacdiatric Cardiac Intensiv1￿ froiii Birniingham Children's Hospital. Dr Intikhab Zathrallah and advises on (hc managemen( of paiients bcforc and during fiiJt or road iran5fcr a5 ivell helpino lo adiwise on 5uitsble medical and nursing esco￿5 according ro the Lomplexit! of the parieni's Londiuon. CEL￿5 OF HOPE CH.41) OF HOPE TRLSTEES RE'PORT {COlI TIlL￿D} FOR THE YE.4R EN'DINC 31st NL4RCH YO?4 Safeguarding Group The Safeguarding Group ivas esrablislied dunno ?017 10 discuss all safeguardints issues rniscd. discuss prcvcntatii'c measure5 required to proiect beneficiarics. slaiT and volunteets and to plan the impleineiitation of the safeguarding policy across ihe charity's activities and iviih ils panners. The IFroup is cbaircd by our lead safeguardin2 Tn￿lee fvlaura O'callaghan alld attended by ￿10 O'R¢illy retired social ivorker alld safe.ouarding advisor. Ihc CEO. Ihc Director of Operations and rhe hlanagcr of ICRP. This (proup meets re(wlarl}' io discuss iateguarding i55ue5 and the colltillued implementation of Ihe safeguardillg training aiid review. Host Famllv Approval Pgnel lo O. Reilly also chalrs ihis independenily Yecruited panel of protessionalsiadiTlsors wliich review the charity's applications froTll PTospeclive carers volunieering to care for a child and relaiive durin2 his or her stay in Ihe UK. This process is in line ivith "bcst prdctice . This gmup met during th¢ finallcial ycar to ieview a host farnily's as5es5tnent who helped care for our only UK paiien( during ihis tinancial year. .4tnba5sadors Chain of Hope has a group of .4mbassadors ivho can N)resenr ihe charity at public events for ￿ndraisin￿ and publie relaiions purposes. Thcsc Ambassadors have been listed in the Lcgal and.Idmillisttative section of ihis report. Volunteers Thc charity is highly dependent on very skilled and dedicated volunteers ivho deliver our charitabl¥ operations as well as our fundraising. events and aciivTtics. We recoonise thai the donaiion of rime and expertise to tbe charity is a hugc cornponenl ot all ihe work ive carry out alld a latge amounl ol-tirne liaising ivith our volunteers is ¢ss¢ntial to the success of the charity. Medical voluntecrs represent a lar￿e part of the eifts in kind calcuLated in accounts. Partners and Collaboration Collaboratioll a￿d coordinaiion ivith other Ni GOS in the countrie5 wherE we work is important to Chain of Hope. We ivork wilh partner hospitals around Ihe world to Iielp provide the hit*hesr quality c2re to childreD with heart disease as ivell as support NGOS and hospiLals in thc dcvclopjnent ot Sustainable cardiac services. We partner ii'ith Tht oiving organisarions such as Gift of Life Intetnaiional and Rotary Fow)daiion, as well &$ medical charities and medical instiNtions globally. ensuring that we are providing thc very besi expertise ivhilst not duplicalitis etyorts. Fundrgising Code and Practice ChaiD of Hope is reuistered ivith the fundraising standards [egula￿￿ and is ¢ommitied to the standards set out in the Code of Fundraisin£ PraLtice. Chain of Hope moniioTS lis compliance iviih the siandards set out in thc Code throuo its reoular Incom¢ Group meeiing wl)ich is hcld biivccklv to ensure that all admiiiistration pertaining io good fimdraising praciicc is catTicd our. Code requiremenrb also torni part olour fundraiser trdinino Chain of Hope operates a fairly broad portfolio of timdraisino from organis1￿¥ futLdr&i5itig isEiits. to ll￿jOr doiior fi3ndrai5ing, Trusi tlllidraisiiig. coinniuniry fundraising and a sm211 arnuunt of fundrdisiii(p wiihin di£*ital ma￿ering and appeals. 10 CH.UY OF HOPE CHAIN4 OF HOPE TRiiSTEEs REPORT (CONTt¥LI' D) FOR THE I￿.￿R ENDP4G 3151 IIARCH ?0)4 Oui overnll ￿ndraiSin￿ slrate_gy is reviewed by our Board ol- TTUStecs in exercise of their dlltics under CC20 Charity commis.sion ouidancc. Thcy together with our Risk Couunittcc u]onitor si.(Fniticant risks aiid eii&irc Ihey are bein(v properly addresse& .4ny complainis are al80 rcported to and revI￿Ved by our Risk Comtnittee. Fuiidraising on our behalf- We monilor all fijndraising on our behalf and ensure i( complies with our 'Third Party Fundraising Pr)licy and ottler relevant policies. All partELC￿lps iyith Commercial Pdnners comply ivith a commercial participators agreemeni. Cornplaints.. We have recetved llo complaTnts durin(F the year 2023-24 and lye bav¢ tLOt ￿ceiVed any complainrs from the fimdraisint larch ?0?4 ivhich coiiiprisc thc Statemenl of Financial Aciii'ifi¢& Balance Sbeet. Siatemeni of Casti Floivs and notes to die financial staiements. includino a summary of siuJificant accounring policics. The tu)aTicial reporting Iramcivork that bas been applied ill thcii ptqmrdlion 15 applicable laiv aiid L"'ni(ed Kiiiedoi Aicouiiiing Siandards. including Financial Rqjonino Srandanl 102 Thc Fitwicial Reportiiig Standatd applicable in the UK and Republic of Irelund (United Kinodom Generally .4ccepied .4ccouniino Practice). In our opiiiion lh¢ linancial Stat¢￿ellts.- give a truc and fair view of the Stale of the charitable company's atTairs as at 31 st March ?0?4. and of its incotning resources and application of resources. includin£ its incoinc and expenditure. tor Ihe year then have been properly preparcd in accordance with L'.nited KIn.wdO￿ Generdlly Accepted Accoullting Prncii¢¢' have been prcp3rcd in acconlance with the requircvnents of the Companies Act 2006 and Cbarities Act 2011. Bgsis for opinion We conducted our audit in accordance with Intcrnatiof￿I Standards on Auditing (UK) (ISAS (UKI) and appli¢able law. Our tC5ponsibÈliiÈe5 under thos¢ swidards fvllher described in thc Auditor's responsibilitie5 for rhe audit of thc fiiiancial statements section ot our rcport. Ive are independenl of thc chatttsble company in accordance with the ethical requirements that are relevani to our audii of ihe financial statements in the UK. including Ehe FRC'S Ethical Standard. and we have fijlfillcd our other ethical responsibilities ill accordance wilh these requiren￿n[s. We bclicvc that the audit evidence we have obthined is sutTieient aiid appropriate lo provide a basi5 for our opinion. Conclusions relAting to going ¢on¢ern In auditing the tinancial stateTncn15. wc have ci>ncluded thai the tnjstecs. use of the going concem basis ol accounttng in the prepardtion of ihe financial siaiemenrs is approprtatc. Bas¢d on Ihc woik we have ￿￿o￿le￿, we have not identified any material utKertainiies ￿lating to CVCDts or condTfions that. individually or colleclivcly. may cast si￿1ficant doubt on thc charitable company's ability to continuc as & going concern for a peri(xl of ai least twelve months from when the financial statements are authorised for issue. Our rcsponsibilities and rhe responsibilities of truste&8 wtth respcct to going concern are described in ihe rclcvant section5 Ot this report. Other iDformation The orher inforniation cornpr￿ the infomiation tncluded in the trustees annual report. other Ihan the finallcial statemenls and our auditor's re￿rt thereon. The Trustees are resp)nsible for the other infonnation Lontained IvitbiD the anDual repon. Our opillioll on thc financial statements does Thot cover the oiher intormution and. ¢xcepi io the extent oth¢r¥Yise expliciily sthted in our report. Ive do noi express any forni of assurance conclusion the￿on. Our respoiisibility is lo read Ihe other int"Otmation aniL Ill doinu so. consider iyhether the other intonndtioll is malerially iiiconsistent wilh Ihe finat]cial Staten￿nts or our knoivledge obiaincd in the course of Ihc audiL 01 otheni'ise appears to be Malcri￿lY tDiSStated. If ive ideiitify iucb maierial inconsisieneies or appareni n￿[erial misslaiements. Ive are required io deierniine ivheiher this LTriVCS rise to a material misslateTtEcnt in the f￿anCIal statements themselves. If. based on the iVOTk ive have perfonned. Ive conclude that the￿ is a material misbtalement ot Ihis orher inforn)ation. Ive are required to rcport Ihat fact. We have nothing io rcpon In Ihis r¢gaTd. CILIIN" OF HQPF. IN4DEPE,NDEN4T ALDITOR'S REPORT TO THE TRLSTEES OF CH.4Th OF HOPE (eonrinued) FOR THE YEAR ENDING 31*1 11.4RCH ?074 IIatter5 on which we are rtqulr¢d to report bi. eTception Ire have noihino 10 report in re5PCCt ot the tolloivino matters in Iclation to which the Charities 1.4ccounls alld Reports) Regulations 2008 require us 10 report 10 you if. in our opinion: the infomiatioll Uivcn in the Trusiees Annual Report is illconsisteni Èn any material respeci iviih ihe ri))ancial imiements. or Ihe charithblc company has not kept adcquatc accouniino records. or the financial slaiement>• are not in agrecTnent ivith the accounting reL'ords and rcturns: or we bave noi received all ihc information and ixplanaiions li'e requiTcd for our audit. Respollsibilities oftrustees As explained morc fidly ui thc tr￿stee5. responsibilities slatemcni sd out on page l i. the trustees (who are also the directors of th¢ charitable company for rhe purposcs of company laiv) are ffsp0Th5ible for the preparation of th¢ linancial statcmeut5 and for being satisfied thai they oive a ttue and fair vieiv, and for such iniernal control as Ihe trustees deierniine is necessary to enable thc preparation of financial statements that are free from Fnatetial tt1155ÉatemenL ivhether due to traud 01 ctroi. tn prq)aring the financia] statements, the Iru5tees ate re5ponsibl¢ for assessing Ibe charitable company's abiliry to coniinue as a going concern. disclosin& as applicable. maEiers rclatcd to uoinu concern and USiTJg th¢ going conccrn basis of accouniing unlcss the trustees either IDI¢[￿ to liquidatc the cbariTable company or to cease opeTations, 01 have no realistic altcrnative but ro do so. Auditor's responsibilities for tbe audlt of the financial statements Thc trustees have elected for the financial 5tatctneDts to be audited in accordauce ivith the Chariiies A¢t 2011 rather than the Companies Act ?006. Accordin(Fly iipe have been appointed Is auditors under section 144 of the ChaTities Act ?01 l and report in accordance witb tegulatio1￿ made under section li4 of Ibal ACL Our objectives arc to obtsin re&sonable as5urnn¢e about ivhether the financial ststemenls as a ivhole are free from material missratClll¢llL wheibei due to fraud or error. and ￿ issue an audiior's rq)ort tbat illcludes our opinion. Reasonablc assurance is a high l¢vel of assurance but És not a ouarAnt¢¢ that au audit conducted in accordance with ISA5 IUK) Iviu alivays detect a material mtssthtement when ii exists. Misstarcmenis can ari¥e from fraud or em)r and are considered mat¢rial it-. individually or in the aotwreoate. thcy could reasonably be expected to influen¢¢ th¢ ccollotnic decisions ofusers takell on the basis of ihese IinancTal statcmcnts. A further description of out responsibilities for the audil of the financial bTaiements is located on tbe Financial Re￿rting Council's website at: I￿￿v.￿e.0rg.uka￿ditors[espollSIbIIilIe5. This description fotfll5 part of our auditor's report. [rreoularities, including fraud, are instat]trs of ii0n-comp1ian￿ ivbth laiv.s and regulations. We design procedures in line ivitt] our responsibilities. ouilined alx)ve. to detect material misstaterncDts in respect ot irregulariiies. including fraud. The ex￿nt to which our procedures are capable ot ddecting irrcgularities. including traud is detailed bclow. ExplaDation as to what extent the audit was eonsidered txpable Dr detecting iTregularities, lllcluding fraud The objectivcs of our audit in respect of frau( are= to identity and assess the tisks of material misstatement of the financia15tatemeDts due to frall￿- to obtain sufficient appropriate audii evidence re￿ardIng rhe assessed ri5k5 ol Enaterial miss(aiemeni due fo fraud. throuoh desi.4ning and implcmentin4 appropriate response5 to tliose 115SCssed risks; and io respond appropriaiely 10 insthnees of fraud or suspecred fraud identified durIll￿ the audit. However. rhe priinary responsibiliry tor rhe preveation and detection ot fraud rests iviili boil) managemeni and those Lharged iviih goiiemance olthe LharitAble cixnpany. 15 CHAtY OF HOPE I.NDEPEj￿E}ry AL￿, ITOR'S REPORT TO THE TRCSTEES OF CHAtN OF HOPE (continued) FOR THE VTAR EN￿1￿c 31st NL4RCH ?0?4 Our approacli ivas as folloivs.. Tl)e enL?aoeineni partner selecicd stsff tor the audir ivho had prior knoi4.ledue of Ihe client and who had the rquiied coinpetence and bkills w be able io idcniifv or reco.(kDise non-compliance with laws and regulatfons_ We asscs5cd the risk of irreoulariii¢s as part ofoui audii planning. and ongoing reVI￿v. ineludine tliose due 10 frau¢ management Ove￿ide Tras identified as a si¥nificant fraud risk. This is due io tlie ability to bypass controls Ihrough inappropriate expenditur¢ an41 accounting policies adopted. Some incomc Tcceived i5 restricted in its use and a significani risk ivas identitied regarding the Lorrcct lassiticats.on ol income be￿etn restrictcd and unrestricted funds and that the expenditure against this inc0￿C iva5 in line ivith any specified restrictions. The entity receives gifted medical procedures. the ¢orrect inclusion of ivhich within in thc accouniino records ivas identificd as a sigmficani risk- to rhc audiL there is a risk ass￿l￿ted M'ith CQllLplelene5s of income and associaied apcllditure. The risk asS￿lated ivith £ll5UTiDg tbat the level of iwmce cover held by the charity is adequate was also identified as a significant risk. dlle ts) disclosu￿ of provisions and contingent liabilitie5. We obtained an undcrstanding of the le.tsal and Tcgulat(Ky Tequirements applicabl¢ to the chatity and ive considered the m05t sigllificant to be Chariies Act ?01 l. Ihe ChariLy SORP. UK financial reporting sthndards as issllcd by thc Financial Reporting Council and UK Taxatton legiblation. considered hoiv the charitable cotnpany complies with these requiremenis by dis¢us5i0ns with Tuanagemeni and those charoed with govemance. We inquired of management and th(Fse charged with tsOVCTnance &s to any known instrncEs of Don- compliancc or suspec(ed non-compliance ivith laws and ￿gUlatiOns. Consideration was also ￿ade or the internal controls in plaee to miti¥ate the identified risks. We as5¢55cd the control enipironTn¢nL documen(tng the systems. controls and proce&ses adopted. The audTt approach incorpordted a combination of controls where apptoptiate, aDalylical revieii, and sUbS￿ni1Yr PToccdure5 tnvolving tests of transacuons and balanccs. Any irre.tFulariiies noted WCTC discussed with man30emenr 2nd addilional corroborative evideiice iva5 obtaitled as required. To address the risk of fraud thmugh maDageTncnt override we-. p¢rforni¢d analytical procedures to idenkn.fy any unusual or uncxpected relationships: tested journal ¢ntrÉes io identify any unusual transactions. tested i(ems of expcnditurc to ensure that Ihey We￿ valid and approprlate; assessed ivhether judgemenis and ￿umptiO11s made ID delerniining rhe accountiDO estimates ive indica(ive of potential bias- reviewed Ibe dj'selosures within ihe financial staiements 10 ensure tbey meei the requirements of Ihc accounting s(andards and rclcvallt leuwlatioD. 16 CH.4IN OF HOPE tNDEPENDEYf.4UDITOR'S REPORT TO THE TRLSTEES OF CILilJN OF HOPE (continued) FOR THE YEAR ENDINC lis¥ LItARCH 2024 In response to the classification ofincome between te51rict¢d and unresiricied wc-. aJo eed a sample of illcome recorded in the nominal ledger to source documenwtion to ensure restrictions were conectty identificd. agreed a sa￿pIe of &xpenses incurred to ensure ihat they had been allocated to the appropriate fun(L' obtained 4nd revieiyed ￿nd analysis workings ￿ ensure that the calculations were corrfft and agreed to the accounting records. In response to tbe ti5k of irylaTities with regards to recogniiion ofincome greed a sample of operatioos from mediol tCkUD to calculations provided. agreeints the calcu]atioiL and obtained clients gifts in kind cal¢ulation and agreed the b￿15 of calcularion. In tCSPOllse to the risk of irregulaTilies ¥vith • to provisi(ms and conlingent itabilities we: reviewed insurance cover documentation: and viewed ￿]llutes and corrwndencc ivith third parti¢5. There are inhcrent limitations in our audit I￿￿edurES d¢5cribed ai)ove. The more removed that laws and regulations are from Imallcial transactions. the likely it is ibal we would IxcoTnc aW￿e of non-compliance. Auditiiig siandards also limit th¢ audit procedure5 requtted to identify non-complianc¢ with laws and regulations to enquiry of the directors and other nmnagement and the inspection of regulatory and legdl cotre5pondence. if atetial missTaternents that arise due to fraud can be Iwder ￿ detec( than that arise from error as they Enay involve deliberatc COtLce&lmellt or collusion. Use of our report This report is made solely to the charity's tTUStee5. as a body. in accordanee wilh part 4 of the Charities (Accounts and Reports) ReguIation5 2008. Our audil ivork has been undertaken SD that we might stalc lo the cbarifable company's tnlstees those maNcr5 we are ieqllired to stale to them in an auditor's ttport and for no other purpose. To the fullest exlent pennitted by law. we do noi accepi or assume responsibility to allyone other than the charirAble company and ihe charitable company's ItU5tee5 as a body. for our audit work. for this report. or for the opinions we have forme Suite 3, Second Floor Friary Court 13-21 High Street Guildford s￿[￿Y GU13DG M(yye (sdL) Moore (Souih) LLP Statutory Auditor Moore (South) LLP is eligiblc to au as an audiior in terms of section 1212 of the Companies Act 2006. CH.41) OF HOPE StatemeDt of financial activities ancorporatints ￿ income of eipenditure #¢count) For the vear ended 31sE Nlarch ?024 ?023 TDlal L"nrestricted Restricted Total Note Income frotll: Donations at]d legacies Other trading activilies Investment incom¢ 916.007 4)8.498 74J13 2.58j.l ?9 3,499,136 458.498 74J13 4.4S4.i38 5i6.i42 11.650 Total ill¢ome 448.818 2 >83 129 4 031.947 i.Oi2.7JO ETpenditure on: Raising fulld5 Charttable 2criviiie5: OYer5ea5 .Ictivities Intcrnational Child tieferrdl ProgramTnC 731.184 731.184 763.i14 2.69&68i 644J99 2.60",.822 i36,758 48.026 596.373 Total expendithre 818 29 3,253.D39 4,071,268 3.908.094 Yet ineome l (eipenditure) before other recoqiised gains and l(bsses 630,i89 669.910 39.321) 1.144.636 Net iTrlovenient in funds 630589 (669.910) {39J21) I,IW636 Recollciliation of funds: Total funds broiight fmvard 1,904.447 1.866.886 3.771.3J3 2.626.697 Total funds carried foThard 2.i3i,036 196 976 3 732.012 3 771333 All of the above results are derived from continllino activtties. There were no orher recogniscd (yains or losses other than those statcd above. The notes on pao£s 21- 32 tom) part of thcse fillaDcial statements. 18 CIL4LN OF HOPE Balance Sheet -45 at 31I1 _Ilarch ?0?4 20?4 2024 2023 2023 Fiyed assets". Taiigible assets io 8,i7i 4.616 Current assets: Debtors Cash at bank and in hand li 2￿.)07 J.813.823 4.014.OiO )55.J98 3,79?,637 4.l48.0)5 Llabilltle5.' Creditors: amounts falling dlle ivithin oue year 12 ?90.593) 381318) et Current assets 3 723,437 3,766.717 Total assets less current liabilities 3,732.01? 3.771,333 Total net assets 3.732 Ol2 3.771.333 Funds Restricted funds Unrestri¢t¢d fi￿ds- General tiinds Total unrestTÈci¢d fviids 14 1,196.976 1.866,886 14 2.535.036 2.535.036 1,904 447 Total funds 3,732.lJ12 3,771.33J The tinancial statements have been prepared in accordarjcc with the special provisions for s￿￿[1 cotnpanies under Part 15 of the companie5.lct ?006. For the year ending 31bt arch 2024 the company ivas enlitled lo exemption from audit under scction 477 of Ihe Comp3nie5 Act ?IN16 relatino to srnall compantes. Hoivcvci. au audit is requiTed in accordance i￿1[h section 144 of the Charitics Xct 2011_ Directors. responsibiliTies: Tbe members have not rcquitcd rhe comp2ny 10 obiain an audit of its accounts for the yfJT in question in accordance wilh section 476. - The direcior5 ackoowledge Their resp)nsibiliiics for cotDplyin2 with rhe requ)￿ments of the Act with respect lo accounting iecord5 and ihe PTewarati(M of the accounts. .4ppioved by the m￿l￿S on . signcd on their bebalf by: DrlaDC Chgirnlgll Wrtght Company Reuistration no. 393342fr The notes on pages 21- 32 torm pan ot the ttnancial statements. 19 CII.IIN4 OF HOPE Statemen¢ olcash FloThs For the l'ear ended 31￿ ￿TarCh 2024 2024 ?D?4 20?3 2023 et eash (used in) I provÈded bv operating activities 16 14i.2211 999.343 Cash from investing activities: Interebl received Paymenrs to acqiiire fixed assets 11.6iO 11.130) (7.906) Yet eash used in finxncing artivities 10.5?0 Change ili fdsli and cash equivalent in the year ?1.186 1.009,863 Cash and cash equivalcnt at the be￿nn]nO of the year J.79?,6j7 2.7S2.774 Cash and cash equivalent at the end of the year 1*13,823 3.792,637 Cash cash equivalent COllS15ts Of: Cash at bank and in hand Short teirn deposi ).81 J,82J 2.?9? 637 l.)00,000 Cash and cash equivalent at 31st iTrlarch ?024 3 813 823 J.799 637 CH.4P4 OF HOPF. oles to The Fillallcial Statements For the vear ended 31Si l12rch 20?4 1) .4eeollnting pollcles a) Companv StaÉu5 The company is 2 company listed by ouaraniee aiid has no sh￿C capital. The company is domiciled and incorporated iii Enuland and Wa]es. The membeTS of ihc companv are the Trustees naillcd on pa(ye l. In the eveni of ihe company bein(T iyound up. an}. liability in respeci of tlic guarantcc is limited to Ll per Inctnbcr ot the company. The address of the reoisiered oiTice is trivcn on page ? of these financial slatetncnts. The naru￿ of the Ch￿ity'S opctations and principal activiiies are explained in the TnJste¢s Rcport. b) Basis for preparation The linancial siatemcnts bave been prepaTed in accordance with Accouniing aiid Rcponing by Charkties". Sialement of Recommended Prnctiee applicable lo chariiies preparin¥ ihcir accounts in accordance ivith thc Financial RetM)rting Standard applicable iu ihe L.'K and R¢public of Ireland (FRS 102), Ch&"ilics Act 2011 and the Companieb Act 2006. The financial itatemenls are prepared in Sterlin￿ wliich is the fun￿lonal Cu￿EncY and have been roundcd to the neaiest pound. The financial staiements have been prepared under the hiS￿rIcal c05t convention. The charitable company meets the detinition of a public bLTefit eniity under FRS 102. Assets and liabilities are initially Iccogtllsed at historical cost or IranSacU4￿ value unless oiher¥vis¢ stated in the relevant accounting policy or Dote. c) Going concern Thc finaucial statements have been prepared on & going eoncern basis as Ihe lrnstees believe that no material uncertainties exisi. The trnstecs havc considered Ihe level of ti￿d5 held and the expecLed level of income and cypciiditure tor the l? month5 frDm &uih0ri5ing these financial stalemcnts. The budgeied income and expenditure in addition lo exisiing reserves is suifIcient to fimd ihe charities ￿tllre operations and for the cliarity to be considered a going concern. d) Income Gifis. donations and income trom other Irading activities a￿ reco￿lISed when the chariry has received Ihc funds and any perfomlance coiidit10115 attached to the income have bccn tnct. Other income, including Eax recoverable from Gift Aid is CTcdit¢d on an accrnals basis. Gifts and donations include amouDts received ai ￿ndraising ¢venis and general gifts. Legacies accounied for at thc carlier of: - the date on ivhich the chariry is aware ihat probat¢ l)as been grdnled. the estatc has been fInalised and notificaiion has been made by the ¢x¢cutorfs) io the charity that distributTon will be made. or - when a disthbutTOll is made from the esraie Rcccipt of a lega¢y. in ivhole or part, is only considered probable ivhen the amount can be measured reliably, and d?¢ charity ha5 been noÈified of the ¢xe¢utors lil￿ntion (o make a disiribution. Where leoacies have been notified to the charity. or the clmriry 15 aivare of Ehe ￿ntIng ot probate, and crileria for ineoine recogniTion have nor been met. Ihcn thc Iycy is treated as a ¢oniingent asset and disclosed if material. CEL4LN OF HOPE Yotes ro Tbe Financial Statements For the vear ended 3151 ￿l￿rth 2024 l > Accountin[¥ policies (continlled) e) DonThtion of gilts. services and facilities Donared PTof¢s5ional 5crvices and donated taciliiies are recogiiised as income i&hen Ihe chdrity has control Over the item or received the service. any" condiliolls a55ociated ivith the donation have beell me(. the receipi of economic b￿etIt troTn thc usc by the charity ot" the item is probablc that cconotnic benefil Lan be measured rclTably. lu accordaDce ivith rhe Chariiieb SORP (FRS 102). volunteer time (other than that off¥red tn IhL capaciry of a medical profcssional) is not tccognised so refer to Ihe trusiees. atmual report tor more infonnation about their coniribuiion. On receipt. donated ojfts, professional serviccs al￿ doDated facilities ll￿ recog]iised on tbe basis ol" the value ol Ihe 10 Ihe charity ivhich is the amount the charity ivould have bcen ivilliELU to pay to obtain services or facilities ol equivalLni economic benefii on the opcn Ttiarkct. a correspondino amouni is tIECn recognised in ￿pendIture in the period ot"receipt. No value is ￿1ven to the donations which are trtven for sllbsequent auction as prizes at events dll¢ to dIffiL￿Ity. in many cascs. of cstablisliing a fair value of the donaiion. Interest receivable Interc5t on tiinds held on dew)sit is included Ivhcn Trceivable and the atnouni can ￿ ineasured reliably by the chartty: this is nomially upon notification of thc interest paid or payable by the bank. ¥) Fulld accounting Unrestricted fund5 are available 10 spclld on activtties that fvrther any of the putvoses of charity. Desiona￿d funds are unrestrictcd fund5 of the chan.ry which th¢ tn]stees have dccided at theit discretion to sel aside to use for a Sp￿lf1¢ PUTpose. Reslricted fimds are (lonations ivhich the donor bas specified are to be 501ely ￿￿ed tor particular areas of thc cbatiry's WO￿ or l-or sp¢¢ih¢ projects being ulldenaken by the charity. h) Eipenditllre and irrecoi'erable V.4T Expenditure is rcroglli5cd once thete ts a legal or con5tnictive obligation to make a payment to a tliird party. it is probablc that settlernent iviLI be required. and thc amoLUtt of the obligation Can be Ineasured reliably. Expenditure is cl&ssified under tb¢ l-ollmvin¥ activity hcadings: Costs of raisints fi]nds comprise of tr&ding costs aDd the costs incurred by ihc Ch￿tkIble Comp￿lY in inducing third parties to make voluntary contributions to ir. as iipell as the cost of any activi(te5 Fith a li￿draiSIng puo)ose. Expendimre on charitable activities includes The costs of dclivcring scrvices. exhiTryitions and oiber educational aciiviiies undertaken 10 fithh¢r the pury)ow ofthe charity and their associated support osts. Other eX￿]diture rcpr¢sents thosc iictns not falling into any other heading. Irrecovcrablc VAT is chatued as a cost against the activity tor ivbich the expendithre ivJs incu￿ed. i) Allocation of support costs Support c(Ists are those func(ions ihat are esseniial to thc ii'ork of the charitv bui do noi directly Iclate to Ch￿itable activities. Support cosis iiiclude back o￿lCe costs, finance. personnel, payroll and ¢Fovernance cosis ivhich support thc rbarity's piograttllnes alld acuvities. These costs have been allocated be￿Veer[ COSI ot- ￿lsIng fi￿dS atmj expenditure on charÈtable activitie5. Thc bases on ivbich support costs have been allocated are set out tn noie 6_ j) Operatillo le8ses Rental Charg￿ arc charged on a straiuht line basis over rlie temi of ihe lease. ?? CH.41N OF HOPE .Notes to The Tr inantial Statement5 For the vear ended 31￿ Ilareh ?0?4 l) Accounting polieies (eondllued) k) Tangible fi¥ed assets Iiein5 of equipmeiit are capitalibed wliere ihe purchase price exceeds È 1.000. Deprcciaiion is provided ai rates calculated ro doivn thc c05t of each a55et to its ¢stimaied residual value over ils expected usetul life. Thc deprcciation rates in use are as folloivs= Fi.xmres ond fillings Computer equipment ledtcal equipment 25% l) Debf4Jrs Trade and otber debtors are recognised at ihc scttlement amount dlle after any irnde di5COUTIt offered. PiepaymeDts ate valued at ihe amount prepaid nel of any irade discounis due. m) Cash at bank and in hand Cash at bank and cash in hand includes cash and short tcnn hiEwbly liquid investments with a short matutity of three months or less from rhe date of acquisition or openino of the deposit or similar account. ) Creditors and provisions Creditors and proipisions arc reCo￿lsed Twhere the chariry has a PTC5Cnt obligation te5ulting trom a past event thai will probably rcsult in the IraDsteT of fvnds to a third party and tbe arnount due to settle thc obligation oan be measured or L4timated reitably. Crediiors and provisions are nomully recognised at thcir settlement amount after alloiving for any ttade discounts d￿. o) Flnan¢lal Instruments The Lharity only financial assels al￿ financial liabilities ol a kind thai qualify as basic financtal insiruments. Basic financial instruments are initially recognised at transaction value and subsequently casurcd at thcir settlement vallle. p) Pellsions Thc charity contTibutes to a defEncd rontributioll SChell￿ on behalf of Its employecs. The assels of the scheme are held separ21ely from those of thc company in an independently admini5t¢rcd fimd. The pension cost charged lo the Ststcmeni of Financial Activities reptrsents ihe avnount in the accot]nting period. Foreign currency Forcign CUTrcncy transactions are initially recogniscd by applying to the toreign Currency amount the sp)i exchange rdte beThveen ihe fi￿￿lonal CUTrcncy and the foreign cllrrency at the date of thc transaction. lonetary a&%ets and liabiliiies denominaied in a toreign currency a( the balance shee( dale arc translated usTng ibc closino rate. r) Taxation The charity is an exempi chariiy wiihin thc rneaning of schedllle 3 of the CharitiC5 Act 2011 and is considered to pass Ihe tests set out in paragraphl Schedule 6 Finance Act 2010 and therefore li meers rl)e detiniiion ot a lhaiitable COTnpany foi UK corpordlion lax purposes. cii.4t¥ OF HOPE otes to The Finauciai Sta¢emenfS For the lear ended 3151 Trllrch ?11?4 l) Accounting policies (Continued) s) Judgement ke). Sources of e5tirnation uneerlaints. tn the applicatioll ot Ihe ¢hatitablc cotnpanV5 accouniiii£ policy. the Trnsiees are required to make jud(remenis. estimatcs and ￿umptIOnS aboui Ihe carrying atnounl of assets and liabiliiies that al'e not readily appareni from other sources. The cstimates arLd associated assumptions are based Oll historical ciperiellce and other factors that are considered lo be rel￿￿11t. AC￿al results may diffcr frotn these estirnate5. Tbe estimate5 and underlwng akSUtnptiOD5 are reviewed on an ongoing basis. Revisions 10 accountmg estimates are recognised in the period in ivhich ihe cstimate 15 revised ivhere rhe revision atTects both current a17d fuuwe pcriods. assessing the inclusion of se￿iceS provided io the chariry as gifts in kind iviihin these t-￿ancial siaremenrs. thc trustee5 have asse&sed the valuation of ihe5e gifis in kind through review of fhe costs of such serviccs undcr stsndard procedures. The￿ ju￿￿c￿ents are the lighi of tlie activity being undertaken based on management aSs￿ments. ?) Detailed comparatives for the statefflellt of finRnci&I a£tivitics ?023 Lnre51ricled 2023 Restricted 2023 Tot81 Income from: Donations and leg2Ci¢S Otl)er trading aCti￿li1CS Investhient income Total income 718,207 i56.542 11.650 1.286.399 i.766.331 4,484.iJ8 556,i42 11.6iO 5.052,7JO J.766.J31 Expenditure on: Raising funds Overseas activi(ies International child refeThal pmgramn Total expenditure 76i.514 21.460 234.173 1.019,147 763,514 2,607,822 536,758 3 908,094 2,586,362 302,58) ? 888,947 Net movement in fund$ 267252 877.384 1,144,636 Total fiuids broughi fonvard Total lunds ¢arri¢d forward .6J7.19i 1.904,447 989,i02 1.866.886 2.626,697 3,771 J33 CH.4Th OF HOPE YoTes to The Financial Ststements For the vear euded 3 lyl Ilarch 7074 3) Income from donailon5 and leuacies ?024 Total 2023 Total LDrestricted Restricted Gifts Donaied bervices Leuacies 900.05 I l i.956 2,OIMY 007 2.>83,129 988.569 1.594,560 1.888.620 1.608.516 2.000 3 499 136 ?.670_??9 1.814,309 91 4.484.i)8 4) Income from other trAd6ng a¢lfvities 2024 Tot41 2023 Total Ullrestricted Re5trtcted Fundraising Event 4)8.498 458.498 556.54? Income from investments 2023 Total Unrestritted Restricted Total Bank interest 74.313 74.313 11.6iO 6) Analysi5 of expenditure Basis of allocJtlOD C(KSt of rdising fim activitie5 ICRP 2024 Total 2023 Total Direci I Headcounr Direct Direct SiatTeosts Direct cos GraT]ts tnade Grnnts written- back Supw>rt costs ?30.?30 41 i.J98 202.366 2.167.824 ?54.JOI 161.991 422.1108 594.?87 3,005230 254JOI 466,689 3.356,193 65.688 Direct Headcounl (177.901) 197,425 85.5)6 71.194 217.150 Total expenditure 2023124 731,184 2095,685 644J99 4,071268 3,908 094 Total expenditure 2022123 763.i14 2.607,822 536.7i8 3.908.094 2,1 li,850 Of the ioial expenditure, £818,2?9 ￿'aS made from unrestrtcted fimds (2023: .£1,019.147). £i.?SJ.OJ9 made rrom restricted funds (20?3. £?.888.947). Included in overscas activities direct costs is £Nil12023: £150.046) that the Trustees have committed at rhe year end undeT a iMOL' for the Inining of Rwanda nuT5es in .4sThwL. Wbere cosrs cannot bc dircctly attributed to a FYarticulaT aclivity. a headcounl tneihod ol'apporlionmenl is used. Included ivithtn supp)rt costs are tsovernance cosis of £72.kn7 (?0?)".' £i6.878). ?5 CH.41N OF HOPE otes to The Financial Statements For the vear ended 3 15¢ IIarch 2074 6) .4nalvsis of eTpenditure (etsntinued) During rhe year 12 graiits weTE made by Chdin of Hope. Four orants werc tnadc to Chain ofr- Hope Jamaica. £?9.996 towards the salao ol" the Dircctoi. £6.164 towards th¢ saltiry of Ihe programme co-ordinator and contribution of i2.8)9 10 exteTnal Finance support. On¢ grdiit was madc to the Asivan H¢an Centre. £ IOJ,i66 for (he treatrnent of 18 Egyplian ehildre]i. FI￿.e .ordnts wcre niade to Gift of Life IllternalÈonal. beinq one to support missions Èn Kosovo. £1 i.j6? tsvo for thc b'ganda Heart Institule. £3J,387 and £l1.793 and hvo were ukadc foi Domtnican Republic. £1 i.898 and £?J. j86 10 sponbor JiirtTiries and caiheierisations. Ti¥0 ￿antS iver¢ made to Jordan LiiiN'ct5ity Hospital for surgical treatmeni of remgee paiient& oJ)e for £1.9?? and one for £9.i68. Last year the balan¢¢ of tlK granr awarded in respccl of thc consmiaion of the Rwanda H05Pital. £177.901. iyas Ivritten back. 7) Net (QTpenditure) / ineorne for the year This is slat¢d after Charging ;. (crediting): 2024 ?023 Operating Icase rcnfals: Propery Other equipmenr t)epreciation Auditor's remunerdiion: Audit fees Accountancy services Forcign exchange l Jins) 1105ses 51,840 2.)30 3.947 30,132 964 4.5)3 12.582 2.11? (1 ?92) I i.ioo 4.77? 27,715 Forcign exchanae differences are shown in the SOFA with the related item of income or expenditure in ?O?- and 2024. 8) Analys15 of stsff costs and C￿pI0vee beNefits 2024 2023 Salaries and wagcs Tfflnporary Staff Social security ¢osts Employer's contribullon io defined conttibutioti pension schemes Work permit costs 522,621 7.016 50,226 14,724 38i,i54 28.)74 37,966 11,459 594.i87 466,689 The followino number of ernploY￿S received employee benefits (excluding employer pension) dun.ng the year in excess of £60.000: 2024 2023 £60.000 - £69,999 i70.000 - £79.999 ?6 CFL41N OF HOPE Notes to The FiELancial Statements For the vear ended 315f Ilarch 2024 8) Analysis of staff cost5 and e￿p10vee benefits (continued) Staff Numbers The a￿erage number of employccs during ibe year was as folloivs: 2024 INO. 2023 Raising fijndb" Chaiirable activitics Support Governance 15 13 9) Trustee and key manauerneut remuneration aDd eXpe￿SeS The total amouni of employee benefits includino pension ¢ontributions of key managemeni pcrsonnel w&5 £85,075 {?023= £80,866). The Charity trnstees ive￿ not pald nor did they receive ally other beT]efits from employment with the Tru51 (?02i £ryill. Durtng the year 3 (2023: ?) Trustees ma(k don*ions iotalLmg £4.174 (?O?i: £70). An Insurance policy in respec( of Trt￿lee Profc5sional It￿emniry has beell taken Out for the year ended ) I larch 2024, ai a cixst of £672 (?0? J= £672). 10) T#ngilJlc fLied assets tures and fittings Computer equipllLeDt ledicll equipment Total C05t Ai ihe start ot-lhe yrdr Additions in year Disp05als At thc end of the ytrdr 1.073 19,307 1?.814 5.ioo 133,194 7,906 5,605 135,495 (5,605) 1.073 18.314 Depreciation At the start of Ehe yeAr Eliminated on disposal Char(ye tor the year Ai thc end of the year .073 17.080 (i.605) 110,425 128,>78 (5,605) 2.216 117.641 1.073 126,920 i et book value .45 at 3 1st iTrlarch 2024 ?.902 S.673 As at I st April ?0? j ?,297 ?.389 4,616 All of the above assets are used for chariiable purpose5. CFLiL) OF HOPE otes to The Financial 5fatement5 For the l'ear ended 3151 Nlircb 2024 I l) Debtors 20?3 Otb¢r debtOTS Prepayineiits .4ccrucd income 7.727 l5?.480 40.0(M) 200.?0~, jl.9j? ?74.7)6 355.398 12) Creditors: Amount5 falling due within one year 2024 20?3 Tradc creditor5 Gtants payable Other creditors Accruals Other tax and social security 64,411 l4.601 i3,229 l iO.046 7.600 156.J63 14,080 381.318 159.454 l6.722 290.i93 Includcd in other and social security is £2.987 I?023: £2.264) rclating to the ￿nSIOn creditor at the year end. 13) Operating Leases Total future rninimutn leabe paymcnts under non-cancellable operaling leases a￿ as tolloiv: Less than l yepdr Propertv 31st ).lar£h ?024 Propertv 315t fvlarch 2023 Equipment 31st Ni larch 2024 Equipment 31st lareh 2023 88.)60 1,138 28 CH.iLN' OF HOPE o¢e5 to Tbe Finaneial Sratements For the vear elldtd 31it Nlar¢h 2024 14) ,Ilovement in Funds Donali0Ths tnade to Chain of Hope iirill in SOTnc circutnslances ha*e specitic restriciionb attached by Ihe doiior. whereby the fvnds can only bc uscd for a tspecitic purpose. In such circumstance5 the funds received are deemed io be resiricied in nature. It is Ihe practice ot ihe charity Eo utilisc restricted tunds as the piilliary soutce of tiiTiding ivhere possible. supplemei)liiie aciivitics with unrestricted fvnds ivhcre rcstrictcd funiLs have bee cxhau5ted. to ensure tnaximum operational delivery and to ensure thai Ihe obJeCti￿-eS of tbe chan.ry are met. -45 At 31st Asat 1st April 2073 Total b und Ineoming resources Outgoing resour¢e5 2024 Total Restricted funds: Coiinrry Related 0￿r5e￿￿ Aeiivities AsEvan I 141,i93 2)0.84i iO.000 2.000 180.i54 i3,750 (191.447) (l i9.979) (iO.000) 3,896 309,836 Asivan 2 Ethiopia Missions a￿1 DevelopArMt Fund Jamaica Hardware Equipment Fund Rivanda The Gambia Uganda Other 2.000 1805)4 i40 10.918 3,274 i40 10.918 2.393 881 Internationol Child Reférrol Progrnninie Child Funding 116.142 336.843 (452.985) PH Fund A￿.000 (41KI.000) ,.Vedieal EquipmeNt ledical Equtpment I Medica] Equ3pment ? ?67.)73 3).788 5.139 272,712 42J03 6.515 Geiieral Overneas.IIi&fions & Developiiient TraininE Ukraine I lills and Reeves Charitable TnLSt 4D2.675 20.000 0.407 1.840.628 100.0 (1,998.767) 244536 120,ODO 6,407 5,0(M) 15.000) Total restrirted funds 1,866.886 2083,129 3 253,039) ,196.976 GellerAI Fund5 ,795.863 1.448.818 (818.229) 2:42@452 Unrealised exchange gain5 Total unrestricted funds 108.i84 1.904.447 108,i84 2.535.036 1,448,818 (818,229) Total funds J.771.333 4.031,947 4.071.26 3.732,012 CH.4DI OF HOPE Notes to The Finallcial Statements For the vear ended 3 15tr.Nlarcb ?0?4 14) Nlovernent in Funds (cO￿tinUed} Restrtcted tunds in rhe year relaie io: Country Related Overseas Aetli'itles- Restricted to medical ￿ti￿nty ill a spccific country- The .4sivan l TS restricted ￿ ivork at Ihe .4sivan Heart Cenire. The .4bwan ? fi]nd is resrricred io ihe trcatmcnt ot E?wÉian children at the Aswall Hcart Ccntre. The Ethiopia Iissions and Dei'elopmeni fimd is restsic*d to the Lost of an overscas mission in Ethiopia. The Jamaica I tlmd is resthcred to thc fimding of a cardiac care manager as Chaill of Hope JarDaica. The Jamaica ? fi￿d is restiicied io use on a cardiac catheier mission tor the Bustamanie Hospital in Jamaica. Tbe Jamaica Hardware equipmeni fvnd is restrictcd to the cos1 Ot hardwa￿ equipment for the Bustamante Hospital Jan￿Eca. The Nlills and Rceves ChariTable Tnjst is restrictcd 10 thc treafmeni of Syrian ￿fvgee patients. International Chlld Referral Programme: liestricted ro mcdical intetYetLtions on overseas pati¢nts carried out by UK and overseab hospitals. The PH Fund is ￿StrICted to thc trcatmeni lor children with heart di5casc globally. Iledical Equipmellt for mission use: Restricted to the purchase of specific medical cquipment. TELe ledical Equipmcnt I fund is restricted to Ihe p￿rchase ot mcdical bardThryre equipment. Thc L￿[ediCal Equipment 2 fund is ￿51￿cted to thc purchase of tnedical equipmeni or cardiac consumables. Overseas Missions & Developll￿nt: Restricied ￿ ov¢rseas missions but noi allocated to a speeific county. The Rwanda fvnd is restricted tO￿¥8rdS thc c5tablishment of the Rmranda Heart Carc & Research Foundation. The Gambia fund is rc5trictcd to the treatment or screeniwg of Gatnbian children. Tbe Uganda fimd is ffstricted towards to the Irealmeni or scming of Ugandan children. Thc Training tund was created for trdining healthcarc professionals in the countri¢5 WC SUPPOrt. The Ukraine tiind ivas collcctcd Ebtough an appeal for equipment consumables for Ukraine. 30 CH.It¥ OF HOPE otes to-fhe Financial Statements For the vear ended 31Trl Ilarch 2074 14) Illovement in Funds (continued) 20221J? Comparatii'es -4s at 315t ,￿[ArC 2023 Total Fund A5 at 1st April 20?2 Tolal Fllnd Incoming resources & g&ins Out¢Joing resources Transfers Restricted funds: Coiinty Related Over5eos Acftviriés AsThvan I Asivan ? Ethiopia i￿17ssIOnS and Developrnent Fund Jamaiea Jamaica ? Jamaica Hxrdwarc Equipment Fund Rivanda Uganda Othcr ?9.8 j8 13i.41i l i8.776 147.0411 ( l i4.966) 141 j93 230,843 50.000 50,1100 (10,2601 (25.000) 25,000 2.000 5.000 2,000 180.?i4 10.918 2J93 175.ii4 10.918 1.718 675 Inteynqftoiiql Child Referral Prograixme Child Funding 418.727 1302.i8i) 116.142 PH Fund 400.IM)O 400,000 ,VÈdieal Equipmeryt Medical Equipment I ledical Equipment ? 298.138 4.?01 16 3j,l?5 130.581 > { l.ii8) 267573 35,788 General Overseay,Vi55ions & Developnient Traitling Ukraine 473.994 2.420.961 20.(M)O 6.6)7 (2,492.280) 402,67> 20,000 6.407 1250) Total restrlcted funds 989.502 3 766,331 2,888,94 1,866.886 General Fullds 1528,61 I 1 ?86.399 (1.019.147) L.795.863 Unrealised exchange gains Total unrestricted funds 108,584 ,6J7 195 108,584 1,904,447 1386,399 ,019 147 Total funds ?.626.697 5.052,730 3,908.094 3,771J33 31 CH.4Th' OF HOPE otes to The Finallcixl Statement5 For the vear eDded 31" _Nlarcb 2024 li) .Inalvsis of net assets betsTr"een lunds LArestricted Restricted Total Fixed Abset5 Cash and current invesffticnts Other current J&sets (liabilities) Total 2.90? 1.512,498 l9,6)7 ? j3) 037 8.)75 3.813.823 {90:J86) 3.732,012 1.301.32i (I 10.0?31 1.196,975 2022123 Comparatives L.nreslrieted Restrirted Total Fixed Assets Cash and current invastments Other Current a&scts (liabilities) Tots 2.227 1.814.859 87,361 1.90L447 2J89 1.977.778 I lJ.?S I 1.866.886 4,616 3,792.637 (2 j,9?0) 33 16) Reconciliation of net income / (expenditsre) to net cash flo￿ from oper•tillg activitle$ 2024 20?3 Yet (expenditure) l Ancome for the reportiag period (as per the statement of fiDaDcial activities) Deprcciakn'on Interesi, reni dnd diN'idcnds from investments Decrease (Increase) in debtors (Decrease) , Increase in credTtI)TS L et cash (us¢d in) I provided bv operating artivities 139.321) 3.947 (74.313) li),191 .725) (4) ??1) 1.144.636 4.)53 (11.650) (171,976) 999.343 17) Related partv transactions A dauohter of one of thc Trus￿ is employed by the charity urukr tILC sa￿e tertns and conditions as all other employees. Chain ot Hope is a cOr￿rate board member Ot" Cbain ol Hope Jamaica. During ihe year Chaill of Hope made (Frants to Chain of Hope Jamaica toivards the Finance support costs and salary costs of the Diieclor, Programme Co-ordinatoi and exlernal finance support amounting io £i9.019 [202￿.23.. £31.719). As ￿ the year end Chain of Hope Jamaica owed £Nil (?0221 J? . £9.079) to the charity. Pmtessor Sir fvlagdi Yacoub is a Trusi¢¢ of the Magdi Yacoub Heart Foundatron and Chain of Hope. During the year payments ivere made io the imttgdi Yacoub Heart Foundation amounttng to i67.000 (?0?2, ?3: £51.999} in rcspect of the treatment ol" Lhildrcn undcr thc IDtetnatiollal Child Referral Programme, £1 I I ?71 towards Ihe training of Rivandan nurses and £103.)66 tor suroicat treatsneni of 18 E_￿Trtiall children. 1164,449 of consumable equipment ivas 5upplicd io the A￿VaN Heart Centre 1202212) £253.856). The Abwan Heart Centre is managed by (he ML agdi Yacoub Heart Foundaiion. Ai the year clld Chain ol Hope owed ihe imagdi Yacoub Heart Foundaiion L17.129 (20221?3: £19.487).