Registered Company Number: 4346286 Re ort of the Trustees and Dlrectors and Financial Statements for the ar ended 31 Marth 2025 Ho e Intemational Develo ment en
Ho e International Develo ment en Index to the Financial Statements for the ear ended 31 March 2025 Pa Company Information Report of the Trustees and Directors Independent Examinerfs Report Statement of Financial Actiwties Balance Sheet Notes to the Financial Statements 8-12
e Intemational Develo ment en Com Information for the ear ended 31 March 2025 an Directors and Trustees: R S Amistrong C M Poulson D M Newport S L Paton B K Tesissa Secretary: C M Poulson Registered Office". 125 West Hill Road Wandsworth London SW18 5HN Registered Company Number. 4346286 Registered Charity Number: 1094573 Bankers: The Co-operative Bank P.0. Box 250 Skelmersdale WN86wr Independent Examiner: J Howard FCA Azets UK 2 Floor. Regis House 45 King William Street London EC4R 9AN
Ho Internatlonal Develo ment Re ort of the Trustees for the ar ended 31 March 2025 en The trustees who are also directors of the chartty for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2015). OBJEcfivES AND AcnvmES FOR THE PUBUC BENEFrr Objectives and aims The objettives of the charity are as follows= HOPE International Development Agency UK works with communities in extreme poverty to bring comprehensive transformation. We provide access to clean water - an essential basic resource- equip and empower men. women and children. with training in sanitation and hygiene; and strengthen livelihoods through women's self-help groups, and environmental protection and food security measures. Significant Artivlties 2024125 This has been another successftjl year of fundraisin& thanks to the commitment of our dedicated supporters and the generosity of numerous Trusts and Foundations. Once again. our income has exceeded that of previous years. for which we are immensely grateful. In addition. a favourable exchange rate has meant that funds raised in the UK have gone further, enabling greater impact on the ground. Although inflation continues to present challenges for our colleagues in Ethiopia. their careful planning and resource management have allowed HOPE UK to fund more projects than in previous years. This is of great significan, reftecting our growing impatt as we work with an increasing number of communities in remote areas of southern Ethiopia. In 2024125, HOPE UK raised £184.130 and was able to fullyfund a new water. sanitation. livelihood skills, and environmental protection project in the community of Tsito Tife in the Gofa Zone of the South Ethiopia Regional State {approximately 280 miles from the capital Addis Ababa). At the same time. HOPE UK secured the fijnding required for the Garo Korpha project, which is due to commence in April 2025. More specifically, this year HOPE UK transferred £50,000 to HOPE Ethiopia for the Tsito Tife project and a further £855 for Garo Korpha. An additional £60,000 in restricted donations was raised for these two projects, and a further £27.000 in unrestricted funds, which Trustees decided to designate for these projects. These fundswere notyet required by HOPE Ethiopia, resultingin a largerthan usual end ofyearbalance of restricted funds. ready to be transferred as these projects progres5. The 18-month Tsito fife projett began in April 2024 in partnership with the local government. This duration allows sufficient time for hygiene behaviour changes to become embedded and for the full health, educational, and economic benefits of clean water access to be realised. In October 2024, 1,632 men, wornen, and children gained access to clean. local water following the completion of the water system. As planned, the local community played a major role in providing labourfortransportin8 materials and digging the4.8 km pipeline from the newly capped spring to the reservoir and ten new water points. Despite some delays caused by heavy rainfall, HOPE staff adapted schedules efficiently. By the project's completion, all key activities had been delivered, including= health. hygiene. and sanitation education for 1,643 community members- basic entrepreneurial training for eight groups of 20 women: agricultural productivity training for 220 households; and environmental protection and climate resilience education. FinancÉal Breakdown In 2024125, HOPE UK'S total income increased 6.6% on the previous year, largely due to several unexpected one-off donations. alongside successful participation in the Bi Give Christmas Cam
Giving Tuesday appeal. These campaigns attract match-fundin& providing an additional incentive for supporter giving. Together, they raised £57.837137% of our total income). A further £84,960 {41% of our income) was secured from ten Trusts and Foundations. two of which funded HOPE'S work for the first time. Over £6,60015% of our income) was impressively raised by a Bristol primary School through their fourth Run for H20 event. We remain deeply thankful to our 34 regular monthly donors (contributing to 17% of income) and to the churches that continue to support our mission. Corporate giving declined this year (contributing less than 1% of income). For the first time HOPE UK receive interests on cash savings, following the opening of an interest-bearing account. Our non-grant expenditure remained modest at £8.500, representing just 5.4Yo of total donations. Overall. 2024125 has been another highly successful year of fundraising and grant making. enabling HOPE UK to deliver transformational development projects across southem Ethiopia and to expand its reach to more communities in need. FINANCIAL REVIEW Reserves policy The Trustees have reviewed the reserves of the charity. The truste& policy is to maintain reserves at the minimum level needed to meet known expenditure commitments in the next three months. in order to maximise the grants made to HOPE overseas. The trustees consider that the current level of reseNes in the unrestricted and restricted funds is adequate for this purpose. All other funds raised by the organisation are transferred to HOPE partners overseas (principally in Ethiopial, a5 funds allow. usually twice a year but with additional ad hoc transfers as required. Printipal funding sources The vast majority of funding during the period was donations from individuals and organisations. A small amount wa5 received from the sale of Eift cards. sTrucruRE, GOVERNANCE AND MANAGEMErir Governlng document The charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantee. as defined by the Companies Att 2006. Recruitment and appointment of new trustees n/a
Ho e International Develo ment ort of the Trustees ar ended 31 Marth 2025 for the Related parties The objectives of the charity are consistent with those of its partner organisation, Hope International Development Agency (Canadal. and there is a considerable degree of interdependence between the two charities. As the Head Office for Hope as a whole. the Canada office is responsible for oversight and governance of the Ethiopia portfolio which is wholly managed and run by Hope International Development Agency Ethiopia. Hope International Development Agency Ethiopia is registered with the Ethiopian government as an official non-government organisation. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Ho Internatlonal Develo ment Re ort of the Trustees for the ear ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DEfAIiS Registered Company number 4346286 (England and Wales) Registered Chartty number 1094573 Reglstered offi 125 West Hill Road Wandsworth London SW18 5HN Trustees R S Armstrong C M Poulson D M Newport S L Paton B K Tesi55a Company Secretary Mrs C M Poulson Statement of trusteeg responsibilities The trustees (who are also directors of the charitable company for the purposes of company law) are responsiblefor preparingtheTrustees' Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prattice). Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2015 IFRS 102)," make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularitie5. This report has been prepared in accordance with the Statement of Recommended Practice- 'AccountinE and Reportin8 by Charities. and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller entities. Approved by the Board and signed on its behalf: ON BEHALF OF THE 80ARD: R S Armstrong -Trustee and Chair Date-.
Inde ndent Examinerfs Re rt to the Trustees of Ho e International Develo ment en I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your compan*s accounts as carried out under settion 145 of the Charities Act 20111'the 2011 ACY). In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 14515){bl of the 2011 Art. Independent examiner's statement I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered s part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. John Howard FCA Chartered Accountant Azets UK nd 2 Floor. Regis House 45 King William Street London EC4R 9AN Date:
Ho e Intemational Develo ment en ststement of Financial Activities Includin Income and E for the ar ended 31 March 2025 enditure Account Note Unrestricted Funds Restritted Funds Total 2025 Total 2024 Incomin8 Resources Voluntary Income: Donations. grants and legaaes Events and initiatives Gift aid Interest receivable 36,438 79.480 55.308 5.326 115.918 55,308 12,507 397 157.808 5.522 9.389 7,181 397 Total incomin8 resources 44,016 140,114 184.130 172,719 Resources Expended Raising Funds 8,495 800 11.193 Charitable artivities: Grants to HOPE projects Governance costs 51,653 51,653 160,200 13 Total resources expended 8.529 51,658 60.187 171.406 Net {outgolng)/lncoming resource5 before transfers 35.487 88,456 123.943 1,313 Transfers 130,351) 30.351 Net (outgoing)/lncomlng resources after transfers 5.136 118,807 123.943 1,313 Total funds brought forward 5,926 1.125 7,051 5.738 Total funds carrled forward 11.062 119,932 130,994 7,051 The notes fomi part of these financial statements
Ho e International Develo ment Balance Sheet as at 31 March 2025 an number-4346286 At 31 March At 31 March 2025 2024 Notes Current assets Stock Debtors Cash at bank 7.517 124,061 6.427 1,308 131.578 Current Ilabilities Other creditors 7,736 685 Net Current assets and Net assets 130.994 7,051 Income Funds Restricted funds Unrestricted funds 12 12 119,932 11.062 1,125 5,926 130.994 7,051 The company is entitled to exemption from audit under section 477 of the Companies Act 2Crf)6 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with sertion 476 of the Companies Act 2006. The director5 acknowledge their responsibilities for- al Ensuring that the company keeps accounting records which comply wrth section 386 and 387 of the companies Act 2006 and b) Preparing financial statements which give a true and fair view of the statement of affairs of the company as at the end of each financial year and of its surplu5 or deficit for each financial year in accordance with the requirements of section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatingto financial Statements. so far a5 applicable to the company. The financial statements have been prepared in accordance with the special provisions of Part 15 of Companies Act 2006 relating to small companies. The financial statements were approved by the Boards of Trustees on 21st November 2025 and were signed on its behalf by= Armstrong- Chair and Trustee The notes form part of these financial statements
Ho International Develo ment en Notes to the Financial Statements for the ar ended 31 March 2025 Accounting Pollcles (a) General information and basis of preparation Hope International Development Agency is a company limited by guarantee in the United Kingdom. The address of the registered office is given in the charity information on page l of these financial statements. The nature of the charitvs operations and principal activitie5 are set out on page 2. The charitable company constitutes a public benefit entity as defined by FRS 102. The financial Statements have been prepared in accordance with Accounting and Reporting by Charitie5". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021. The Charities Act 2011. the Companies Act 2016 and UKGenerallyAccepted Practice as it applies from l January 2015. The financial statements are prepared on a going conrn basis under the htorICal cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation to these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. There has been no change to the accounting policies {valuation rules and methods of accounting) since last year. (b) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. {c} Incoming resources All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Donations and legacies are recognised in the financial statements when the charity is convinced that there is entitlement to the income, there is certainty of receipt and the amount in question is measurable. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Ho e International Develo ment en Notes to the Financial Statements for the ear ended 31 March 2025 Accounting Policies- continued (d) Resources expended Expenditure is recognised when a liability is incurred. Grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary income. Charitable activities include expenditure associated with the projects SUPPOrted by the charity and include both the direct costs and support costs relating to these attivities. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. {e) Stock Stocks are stated at the lower of cost and net realisable value. {fj Debtors Other debtors are recognised at the settlement amount due. {g) Cash at bank and In harKI Cash at bank and cash in hand indude5 cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisttion or opening of the deposit or similar account. (h) Credltors Creditors are recognised when there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Other ¢reditor5 and accruals are recognised at their settlement amount (i) Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transattion value and subsequently measured at their settlement value. (i) Foreign currencies Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. (i) Judgements and key sour5 of estimation uncertainty In the application of the charitys accounting policies, the trustees are required to make judgernents, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoin£ basis. Revisions to accounting estimated are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
Ho International Develo ment en Notes to the Financial Statements for the ar ended 31 March 2025 Voluntsry income Unrestricted Funds Re5trirted Funds 2025 Total 2024 Totsl Committed Iregularl giving Donations, grants & legacies 17,671 18,767 1,089 78,391 18.760 97.158 20.534 137.274 Events and initiatives= Christmas Carols Christmas Decorations Run for H20 Giving Tuesday Big Give Gift Cards 129 129 167 6.622 7.716 6.622 7,716 40,000 5.150 96 Gift aid Interest receivable 7,181 397 5,326 12,507 397 9,389 44.016 140,114 184,130 172,719 Raising Funds 2025 2024 Fundraising C05tS Administration Postin& printing and reproduction Travel and Subsisten costs Training 1,404 8,123 90 1.551 25 6.749 100 8.500 11,193 Restricted costs included in the above re travel to Ethiopia Travel to Ethlopia Administration costs for Mynmar 1,295 1,295
Ho e Internatt<>nal Develo ment en Notes to the Financial Statements for the ear ended 31 March 2025 Details of Charitable Activities 2025 2024 Grant funding HOPE Ethiopia HOPE Myanmar Bank charge5 50.960 I60,C0 93 200 51.653 160,200 Grant Funding 2024/25 Re5trirted Unrestricted Total HOPE Ethiopia HOPE Myanmar 39.258 6(JJ 11.702 50,960 600 39.858 11,702 51.560 Grant Funding 2023124 Restricted Unrestricted Total HOPE Ethiopia HOPE Myanmar 122.683 37,317 160,000 122.683 37.317 160,000 Grant payable The charitable attivities are undertaken on behalf of the charity by partner organisations. The grants sentto Hope Ethiopia were used to fund clean watersupplies and their management, promotion of safe sanitation and hygiene prattice, establishment and support to women's self-help groups, as well as environmental protection and food security activities amongst communities in Southern Ethiopi3. This included a grant of £960 for a laptop to support the aforementioned attivities. All Hope's activities in Ethiopia are done in full consultation and partnership with the district authorities on the basis of a signed Memorandum of Understanding. Governance Costs 2025 2024 Companies House fees 13 13 Azets UK very kindly provide their services without charge. In 2024125 and 2023/24. all of the govemance costs related to unrestricted expenditure.
Ho e International Develo ment Notes to the Financial Statements for the ear ended 31 Marth 2025 en Stock 2025 2024 Goods for resale Debtors 2025 2024 Other debtors Interest receivable 7.120 397 6,427 7.517 6,427 Creditors due within one year 2025 2024 Other creditors 685 685 io. Trustee< remuneration and expenses No Trustees received nor waived any remuneration during the year (2024/25: £nil). They are entitled to claim expense5 for attending meetings and duties direttly related to their duties as trustee. In 2024125 £nil12023124 £nil) was claimed by trustees in relation to travel expenses. ii. Related Party There are no related party transactions during the period (2024125- £nil}
e International Develo ment Notes to the Financial Statements for the ear ended 31 March 2025 en 12. Movement in funds for the year Opening Balance Incomin8 Resources Resources ended Closing Balance Transfer Hope InYI- Myanmar Hope Int'l- Cambodia Hope Inyl - Ethiopia 650 425 50 1650) 425 118,857 139,514 (51.008) 30.351 Total Restricted Funds 1,125 140,114 (51,658) 30,351 119,932 Unrestricted funds 5,926 44.016 {8,529) (30.351) 11.062 Total Funds 7.051 184,130 (60.187) 130,994 12a. Movement in funds for the prior year Opening Balance Incoming Resources Resources nded Closing Balan Transfer Hope InYI- Myanmar Hope InVI- Cambodia Hope InVI - Ethiopia 50 650 425 50 425 131,190 1161,4951 30,355 Total Restrirted Funds 132.215 1161,4951 30.355 1,125 Unrestricted funds 5,688 40.504 {9,911} 130.355) 5,926 Total Funds 5,738 172.719 (171.406) 7,051 Please note that there has been a correttion ofthe allocation of incoming resources allocated to Hope InYI- Myanmar with £425 being transferred to Cambodia and £50 to Ethiopia.