```
REGISTERED COMPANY NUMBER: 04432345 (England and Wales)
REGISTERED CHARITY NUMBER: 1098715
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
for the Year Ended 31 July 2023
```
```
for
```
```
Hope for the Nations Childrens Charity
```
```
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
Hope for the Nations Childrens Charity
```
```
Contents of the Financial Statements
for the Year Ended 31 July 2023
```
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Independent Examiner's Report`**||`5`||
|**`Statement of Financial Activities`**||`6`||
|**`Balance Sheet`**|`7`|`to`|`8`|
|**`Notes to the Financial Statements`**|`9`|`to`|`17`|
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Report of the Trustees for the Year Ended 31 July 2023`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31July2023.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
HopeforTheNationsisanon-governmental,non-politicalorganisationcreatedasacharitablelegalentityin2002. The
Memorandum of Association defines the charity's 'Objects' as being:
```
```
"TorelievepovertyandadvanceeducationwithaChristianethosbytheprovisionoffunds,equipment,training, and
personnel, particularly but not exclusively to those persons living in Africa".
```
```
WhilstHopeForTheNationscarriesoutsomedisasterreliefwork,itconsidersthatthebestmethodofmeeting its
objectivesisthroughlongterminvestmentinthelivesofindividualorphansandwidowsbysponsorship, establishing
children'shomes, feedingprogrammes,education,encouragingself-sufficiencythroughdevelopingmicro enterprises, and
byprovidingasourceofcleanwater,andprovidinghumanitarianaid.Itpartnersincoalitionwithotherswith similar
objectives, in order to maximise the value to beneficiary groups.
```
```
KwattswapisaworkingnameofHopefortheNationsChildren'sCharitywiththepurposeofraisingfundsfor solar
equipment for widows, schools, clinics, hospitals and communities in developing countries.
```
## **`Grantmaking`**
```
Followingrequestsreceivedfor grants,the Chief ExecutiveOfficeris able to agree grantsof up to £5,000.For any amount
in excess of £5,000, the approval of the Board of Trustees is required.
```
```
Page 1
```
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Report of the Trustees for the Year Ended 31 July 2023`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Financial`**
```
The incomeof thecharitydecreasedoverlastyear,being£85,274for2022/23comparedwith£94,632for2021/22, and
resourcesexpendedincreased,being£77,393comparedwith£54,682,resultinginasmallsurplusof£7,881 (2022:
£39,950).
```
## **`Kenya`**
## **`Soweto Hope Bright Future School`**
```
We have continued to provide for the feeding programme and the Baby Care Unit for the benefit of the children.
```
## **`Kolongolo`**
```
Our support for the widows continues with monthly donations.
```
## **`Mukwa`**
```
We continue to help the widows financially on a monthly basis.
```
## **`Hope Transformation Centre and New Life Children's Home, Bungoma`**
```
UndertheleadershipofPatrickSiabutu,theHopeTransformationCentreinspiresmanyKenyanleadersashe manages
and puts to gooduse the landthat we provided.In additionto the ongoingexistingcarpentry,masonryand tailoring skills
training centre the Hope Transformation Centre accommodates a demonstration plot for organic farming and training.
```
## **`Turkana`**
```
JohnLokolicontinuestooverseetheEducationprojectinTurkanawherewesend30childrentosecondaryschool. All
these children have individual sponsors to whom we are very grateful.
```
## **`Malawi`**
```
WearecontinuingoursupportofAhavaMinistriesandGulugufeintheirprojectsthatincludehealthcare, education,
agriculture and sustainable projects.
```
## **`Romania, India and Eswatini`**
```
We continue to send the sponsorship support to these projects and workers.
```
## **`KwattSwap`**
```
KwattSwapisnowanoperatingnameofHFTNwiththeaimtoraisefundsthroughdonationsforthepurpose of
purchasing solar equipment to be sent out to projects that we support.
```
```
20 solar kits have been sent out to widows in Mukwa, Kenya and funds are being raised to purchasea further20 solar kits.
Funds are also being raised to purchase and install a solar bore hole pump in Butiikwa village in Uganda.
```
```
Inpreviousyearsthecharityhadfaceddifficultiesincontinuingwiththeirworkduetolockdownrestrictionswithin the
countries.It still means that no visits to the projectshave been possibleby HFTN directorsand staff, howeverthe 40 solar
kits sent out to Kenya in two batches have now been delivered to the widows.
```
```
Page 2
```
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Report of the Trustees for the Year Ended 31 July 2023`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Whilstthe trusteesconsiderthata generalfundbalanceof £5,000is desired,to ensurethatsupportcosts are covered for
atleast3monthsinadvance,wehaverecognisedthattheremaybetimeswhenthiswillneedtobeflexible,due to
particular financial pressures at particular times.
```
```
At the endof thisfinancialyearthe level of reserveshadincreasedto £116,006(2022:£108,125)andavailablefunds, i.e.
those excluding fixed assets and restricted funds, stood at £106,917 (2022: £98,449).
```
## **`Investment policy and objectives`**
```
UnderthememorandumandArticlesofAssociation,theCharityhasthepowertomakeinvestmentsasthetrustees see
fit.Thetrusteesconsideranyinvestmentsonanindividualbasis,andaredutyboundtoseekappropriate professional
advice before reaching any decision. At the year end the Charity had no invested funds.
```
## **`Volunteers and Supporters`**
```
The charityis very gratefulto all thosewho gave so generouslyof theirtime, talentsand money,bothhere in the UK, and
in Africa. It has only been able to achieve all that it has because of such generosity.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationis charitablecompanylimitedbyguarantee,incorporatedon7 May2002andregisteredas a charity on
23 July 2003.
```
```
ThecompanywasestablishedunderaMemorandumofAssociationwhichestablishedtheobjectsandpowersof the
charitablecompanyandisgovernedunderitsArticlesofAssociation.Intheeventofthecompanybeingwound up
members are required to contribute an amount not exceeding £10.
```
## **`Recruitment and appointment of new trustees`**
```
The directorsof the companyare also charitytrusteesfor the purposeof charitylaw and under the company'sArticles are
knownasmembersoftheManagementCommittee.TheTrusteesareresponsiblefortheadministrationand investment
policy of the Scheme. Trustees are appointed in accordance with the Articles of Association of the Charitable Company.
```
## **`Organisational structure`**
```
Theorganisation,includingtheCEOandthevolunteersworkfromhome,ourregisteredofficebeingArquenHouse 4-6
SpicerStreet,StAlbans,Herts,AL34PQ,fromwhichitcarriesoutitsdirectionofoperations.Thisincludes fundraising,
networking and communications, and its accounts.
```
```
The Boardof Trustees seeks to meet a minimum of four times a year, to review and monitorthe work and management of
the Charity.This body also approves annual budgets and scrutinises policy decisions.
```
```
The boardconsistedof the CEO,threedirectorsandthe CompanySecretary,who is responsiblefor completing statutory
returnson behalfof the Charity.The Financesub-committeeis reportedto monthly,to monitorthe financial management
of the Charity.
```
## **`Wider network`**
```
Hope for the Nations Children's Charity seeks and encourages partnership with others, to enhance the work of the Charity.
OurcoalitionpartnershipsincludeHopefortheNations(Canada,Malawi,Romania,Eswatini),Elim(U.K), Ahava
Ministries, Gulugufe and Ignite Hubs International as well as with church groupings both here and abroad.
```
## **`Risk management`**
```
The Trusteeshave a dutyto identifyandreview the risksto whichHopefor The NationsChildren'sCharityis exposed and
to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
```
```
ThetrusteesactivelyreviewthemajorrisksthattheCharityfacesonaregularbasis.Thetrusteesbelievethatthey have
thesystemsinplacetomitigatetheserisks.Thisincludesmattersofhealthandsafety,wherebytheHealthand Safety
matters will be discussed by the board on occasion.
```
```
Page 3
```
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Report of the Trustees for the Year Ended 31 July 2023`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
04432345 (England and Wales)
```
## **`Registered Charity number`**
```
1098715
```
## **`Registered office`**
```
Arquen House
4-6, Spicer Street
St. Albans
Hertfordshire
AL3 6EY
```
## **`Trustees`**
```
W R Symons
I C Harvey-Smith
K Grover
```
## **`Company Secretary`**
```
Mrs J Dennis
```
## **`Independent Examiner`**
```
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
## **`Chief Executive`**
```
L Dennis
```
## **`Bankers`**
```
National Westminster Bank plc
P O Box 15
Cathedral Square
Peterborough
Cambridgeshire
PE1 1HW
```
```
Approved by order of the board of trustees on 13 March 2024 and signed on its behalf by:
```
```
K Grover - Trustee
```
```
Page 4
```
## **`Independent Examiner's Report to the Trustees of Hope for the Nations Childrens Charity`**
## **`Independent examiner's report to the trustees of Hope for the Nations Childrens Charity ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.
```
## **`Responsibilities and basis of report`**
```
As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
.......................................................
```
```
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Date: .............................................
```
```
Page 5
```
```
Hope for the Nations Childrens Charity
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 July 2023`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`35,498`
`Investment income`
`3`
`41`
**`Total`**
`35,539`
**`EXPENDITURE ON`**
`Raising funds`
`4`
`3,370`
**`Charitable activities`**
`5`
`Overseas support and project costs`
`12,722`
**`Total`**
`16,092`
**`NET INCOME/(EXPENDITURE)`**
`19,447`
**`Transfers between funds`**
`13`
`(11,052)`
**`Net movement in funds`**
`8,395`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`99,175`
**`TOTAL FUNDS CARRIED FORWARD`**
`107,570`|`Restricted`
`funds`
`£`
`49,735`
`-`
`49,735`
`675`
`60,626`
`61,301`
`(11,566)`
`11,052`
`(514)`
`8,950`
`8,436`|`31.7.23`
`Total`
`funds`
`£`
`85,233`
`41`
`85,274`
`4,045`
`73,348`
`77,393`
`7,881`
`-`
`7,881`
`108,125`
`116,006`|`31.7.22`
`Total`
`funds`
`£`
`94,529`
`103`|
|---|---|---|---|
||||`94,632`|
||||`1,553`
`53,129`|
||||`54,682`|
||||`39,950`
`-`|
||||`39,950`
`68,175`|
||||`108,125`|
```
The notes form part of these financial statements
```
```
Page 6
```
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Balance Sheet 31 July 2023`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`10`
`653`
**`CURRENT ASSETS`**
`Debtors`
`11`
`85,427`
`Cash at bank`
`23,945`
`109,372`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
`(2,455)`
**`NET CURRENT ASSETS`**
`106,917`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`107,570`
**`NET ASSETS`**
`107,570`
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`-`
`192`
`8,244`
`8,436`
`-`
`8,436`
`8,436`
`8,436`|`31.7.23`
`Total`
`funds`
`£`
`653`
`85,619`
`32,189`
`117,808`
`(2,455)`
`115,353`
`116,006`
`116,006`
`107,570`
`8,436`
`116,006`|`31.7.22`
`Total`
`funds`
`£`
`726`
`86,920`
`22,639`
`109,559`
`(2,160)`
`107,399`
`108,125`
`108,125`
`99,175`
`8,950`|
|---|---|---|---|
||||`108,125`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 July 2023.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 2023 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 7
```
```
Hope for the Nations Childrens Charity (Registered number: 04432345)
```
## **`Balance Sheet - continued`**
## **`31 July 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13March2024and were
signed on its behalf by:
```
```
K Grover - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements for the Year Ended 31 July 2023`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
- `Fixtures and fittings - 10% on reducing balance`
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 9
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2023`**
|**`2.`**|**`DONATIONS AND LEGACIES`**||||
|---|---|---|---|---|
||||`31.7.23`|`31.7.22`|
||||`£`|`£`|
||`Donations`||`81,241`|`89,563`|
||`Gift aid`||`3,992`|`4,966`|
||||`85,233`|`94,529`|
|**`3.`**|**`INVESTMENT INCOME`**||||
||||`31.7.23`|`31.7.22`|
||||`£`|`£`|
||`Deposit account interest`||`41`|`103`|
|**`4.`**|**`RAISING FUNDS`**||||
||**`Raising donations and legacies`**||||
||||`31.7.23`|`31.7.22`|
||||`£`|`£`|
||`Fundraising and publicity`||`4,045`|`1,553`|
|**`5.`**|**`CHARITABLE ACTIVITIES COSTS`**||||
||||`Support`||
|||`Direct`|`costs (see`||
|||`Costs`|`note 6)`|`Totals`|
|||`£`|`£`|`£`|
||`Overseas support and project costs`|`59,915`|`13,433`|`73,348`|
|**`6.`**|**`SUPPORT COSTS`**||||
||||`Governance`||
|||`Management`|`costs`|`Totals`|
|||`£`|`£`|`£`|
||`Overseas support and project costs`|`11,932`|`1,501`|`13,433`|
```
continued...
```
```
Page 10
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2023`**
## **`6. SUPPORT COSTS - continued`**
```
Support costs, included in the above, are as follows:
```
|**`SUPPORT COSTS - continued`**
`Support costs, included in the above, are as follows:`|||
|---|---|---|
||`31.7.23`|`31.7.22`|
||`Overseas`||
||`support`||
||`and`||
||`project`|`Total`|
||`costs`|`activities`|
||`£`|`£`|
|`Rates and water`|`2,400`|`2,200`|
|`Telephone`|`55`|`52`|
|`Postage and stationery`|`7,433`|`1,974`|
|`Sundries`|`411`|`60`|
|`Motor and travel`|`-`|`14`|
|`IT and computer costs`|`591`|`572`|
|`Depreciation of tangible and heritage assets`|`73`|`84`|
|`Interest payable and similar charges`|`969`|`929`|
|`Accountancy fees`|`1,320`|`1,080`|
|`Trustees' meeting expenses`|`181`|`131`|
||`13,433`|`7,096`|
## **`7. NET INCOME/(EXPENDITURE)`**
```
The net movement in funds is stated after charging the following:
```
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Independent Examiner's remuneration`|`1,320`|`1,080`|
|`Depreciation of tangible fixed assets`|`73`|`84`|
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2023norfortheyear ended
31 July 2022.
```
## **`Trustees' expenses`**
```
During the year, there were trustee meeting expenses of £181. (2022: £131).
```
```
continued...
```
```
Page 11
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`60,434`
`Investment income`
`103`
**`Total`**
`60,537`
**`EXPENDITURE ON`**
`Raising funds`
`1,353`
**`Charitable activities`**
`Overseas support and project costs`
`7,064`
**`Total`**
`8,417`
**`NET INCOME/(EXPENDITURE)`**
`52,120`
**`Transfers between funds`**
`(6,568)`
**`Net movement in funds`**
`45,552`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`53,623`
**`TOTAL FUNDS CARRIED FORWARD`**
`99,175`
**`10.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 August 2022 and 31 July 2023`
**`DEPRECIATION`**
`At 1 August 2022`
`Charge for year`
`At 31 July 2023`
**`NET BOOK VALUE`**
`At 31 July 2023`
`At 31 July 2022`|`Restricted`
`Total`
`funds`
`funds`
`£`
`£`
`34,095`
`94,529`
`-`
`103`
`34,095`
`94,632`
`200`
`1,553`
`46,065`
`53,129`
`46,265`
`54,682`
`(12,170)`
`39,950`
`6,568`
`-`
`(5,602)`
`39,950`
`14,552`
`68,175`
`8,950`
`108,125`
`Fixtures`
`and`
`fittings`
`£`
`1,868`
`1,142`
`73`
`1,215`
`653`
`726`|`Total`
`funds`
`£`
`94,529`
`103`|
|---|---|---|
|||`94,632`|
|||`1,553`
`53,129`|
|||`54,682`|
|||`39,950`
`-`|
|||`39,950`
`68,175`|
|||`108,125`|
```
continued...
```
```
Page 12
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`11.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|---|
|||`31.7.23`|`31.7.22`|
|||`£`|`£`|
||`Other debtors`|`-`|`25,442`|
||`Gift Aid recoverable`|`199`|`386`|
||`Amount due from Hftn Shop Ltd`|`83,691`|`61,092`|
||`Due from Hftn Shop (H & V) Ltd`|`1,729`|`-`|
|||`85,619`|`86,920`|
|**`12.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||`31.7.23`|`31.7.22`|
|||`£`|`£`|
||`Accruals and deferred income`|`2,455`|`2,160`|
```
13.MOVEMENT IN FUNDS
```
|**`Unrestricted funds`**
`General fund`
`HFTN shop- designated`
`HFTN Shop (H & V) Ltd-designated`
**`Restricted funds`**
`Soweto School Feeding fund`
`M-Malawi`
`I-India`
`K-Bungoma`
`K-Elim-Tur`
`K-Mukwa`
`KR-Ol. Kalo`
`R-Romania`
`S-New. Hope`
`Kenya Education`
`Kolongo Widows & School`
`Kilowatt Swap`
`Ahava`
`Gulugufe`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.8.22`
`in funds`
`£`
`£`
`38,082`
`(14,610)`
`61,093`
`32,328`
`-`
`1,729`
`99,175`
`19,447`
`182`
`(162)`
`460`
`183`
`449`
`(2,755)`
`30`
`(377)`
`100`
`(1,760)`
`72`
`(793)`
`-`
`146`
`278`
`(151)`
`1,770`
`200`
`3,166`
`(435)`
`75`
`(278)`
`368`
`835`
`1,878`
`(692)`
`122`
`(5,527)`
`8,950`
`(11,566)`
`108,125`
`7,881`|`Transfers`
`between`
`funds`
`£`
`(1,322)`
`(9,730)`
`-`
`(11,052)`
`107`
`(367)`
`2,577`
`378`
`1,760`
`792`
`(105)`
`(35)`
`(332)`
`(91)`
`314`
`-`
`527`
`5,527`
`11,052`
`-`|`At`
`31.7.23`
`£`
`22,150`
`83,691`
`1,729`|
|---|---|---|---|
||||`107,570`
`127`
`276`
`271`
`31`
`100`
`71`
`41`
`92`
`1,638`
`2,640`
`111`
`1,203`
`1,713`
`122`|
||||`8,436`|
||||`116,006`|
```
continued...
```
```
Page 13
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`1,482`|`(16,092)`|`(14,610)`|
|`HFTN shop- designated`|`32,328`|`-`|`32,328`|
|`HFTN Shop (H & V) Ltd-designated`|`1,729`|`-`|`1,729`|
||`35,539`|`(16,092)`|`19,447`|
|**`Restricted funds`**||||
|`Soweto School Feeding fund`|`1,900`|`(2,062)`|`(162)`|
|`M-Malawi`|`4,056`|`(3,873)`|`183`|
|`I-India`|`-`|`(2,755)`|`(2,755)`|
|`K-Bungoma`|`-`|`(377)`|`(377)`|
|`K-Elim-Tur`|`180`|`(1,940)`|`(1,760)`|
|`K-Mukwa`|`-`|`(793)`|`(793)`|
|`KR-Ol. Kalo`|`5,435`|`(5,289)`|`146`|
|`R-Romania`|`600`|`(751)`|`(151)`|
|`S-New. Hope`|`9,952`|`(9,752)`|`200`|
|`Kenya Education`|`9,208`|`(9,643)`|`(435)`|
|`Kolongo Widows & School`|`1,230`|`(1,508)`|`(278)`|
|`Kilowatt Swap`|`14,114`|`(13,279)`|`835`|
|`Ahava`|`2,160`|`(2,852)`|`(692)`|
|`Gulugufe`|`900`|`(6,427)`|`(5,527)`|
||`49,735`|`(61,301)`|`(11,566)`|
|**`TOTAL FUNDS`**|`85,274`|`(77,393)`|`7,881`|
```
continued...
```
```
Page 14
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`13. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|||`Net`|`Transfers`||
|---|---|---|---|---|
|||`movement`|`between`|`At`|
||`At 1.8.21`|`in funds`|`funds`|`31.7.22`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`14,780`|`19,070`|`4,232`|`38,082`|
|`HFTN shop- designated`|`38,843`|`33,050`|`(10,800)`|`61,093`|
||`53,623`|`52,120`|`(6,568)`|`99,175`|
|**`Restricted funds`**|||||
|`Soweto School Feeding fund`|`179`|`(133)`|`136`|`182`|
|`M-Malawi`|`497`|`360`|`(397)`|`460`|
|`I-India`|`222`|`(2,444)`|`2,671`|`449`|
|`K-Bungoma`|`65`|`(376)`|`341`|`30`|
|`K-Elim-Tur`|`100`|`(1,920)`|`1,920`|`100`|
|`K-Mukwa`|`71`|`(871)`|`872`|`72`|
|`R-Romania`|`2,332`|`(1,983)`|`(71)`|`278`|
|`S-New. Hope`|`1,636`|`867`|`(733)`|`1,770`|
|`Kenya Education`|`8,603`|`(5,661)`|`224`|`3,166`|
|`Kolongo Widows & School`|`68`|`(352)`|`359`|`75`|
|`Kilowatt Swap`|`329`|`39`|`-`|`368`|
|`Ahava`|`434`|`746`|`698`|`1,878`|
|`Gulugufe`|`15`|`(442)`|`549`|`122`|
|`K- the KCP`|`1`|`-`|`(1)`|`-`|
||`14,552`|`(12,170)`|`6,568`|`8,950`|
|**`TOTAL FUNDS`**|`68,175`|`39,950`|`-`|`108,125`|
```
continued...
```
```
Page 15
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`27,487`|`(8,417)`|`19,070`|
|`HFTN shop- designated`|`33,050`|`-`|`33,050`|
||`60,537`|`(8,417)`|`52,120`|
|**`Restricted funds`**||||
|`Soweto School Feeding fund`|`2,076`|`(2,209)`|`(133)`|
|`M-Malawi`|`5,217`|`(4,857)`|`360`|
|`I-India`|`301`|`(2,745)`|`(2,444)`|
|`K-Bungoma`|`375`|`(751)`|`(376)`|
|`K-Elim-Tur`|`180`|`(2,100)`|`(1,920)`|
|`K-Mukwa`|`-`|`(871)`|`(871)`|
|`R-Romania`|`663`|`(2,646)`|`(1,983)`|
|`S-New. Hope`|`12,628`|`(11,761)`|`867`|
|`Kenya Education`|`8,588`|`(14,249)`|`(5,661)`|
|`Kolongo Widows & School`|`480`|`(832)`|`(352)`|
|`Kilowatt Swap`|`307`|`(268)`|`39`|
|`Ahava`|`2,340`|`(1,594)`|`746`|
|`Gulugufe`|`940`|`(1,382)`|`(442)`|
||`34,095`|`(46,265)`|`(12,170)`|
|**`TOTAL FUNDS`**|`94,632`|`(54,682)`|`39,950`|
## **`Unrestricted Funds:`**
```
HFTN Shop fund -designated fund for income from the charity shop in Peterborough.
```
```
HFTN Shop (H & V) Ltd fund- designated fund for income from the charity shop in Ramsey.
```
## **`Restricted Funds:`**
```
I-India - People of the Way-Children's Ministry in India.
```
```
M-Malawi-HopeVillageMalawi,aprojectofHFTNMalawi,incorporatingChildren'sHomes,DayCare Centre,
Clinic,CommunityDevelopment,BabyCentre,FamineRelief,MicroEnterpriseProjects.MissionarySupport funds
are also sent here.
```
```
K- Bungoma- Hope Transformation Centre- Community Development Project.
```
```
K- Mukwa- Mukwa Widows Support, Kenya.
```
```
KR Ol.-Kalo- Restricted fund for Ol Kalo, Kenya- Village Borehole Project.
```
```
R- Romania- Firm Foundations, Romania- providing medical care to vulnerable children.
```
```
S-New. Hope- New Hope Centre, Swaziland- orphanage.
```
```
K- The KCP- The Kenyan Children's Project- Street Children Ministry.
```
```
Soweto- incorporates Hope and Bright Future School & Baby Feeding Project.
```
```
KolongoloWidowsandSchool-forthesupportofwidowswithfoodsupplementsandagriculturaltraining and
materialsandforthesupportofa feedingprogrammeforchildrenattendingKolongoloSchool.Bothprojects are
located in Kolongolo, West Kenya.
```
```
continued...
```
```
Page 16
```
```
Hope for the Nations Childrens Charity
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2023`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Kenya Education-for the fundingof secondaryand furthereducationfor selected vulnerablechildrenfrom various
Hope for the Nations partnered projects in Kenya.
```
```
KwattSwap-recordsthefundingreceivedandpaidoutinrespectoftheKilowattSwapcampaign.KwattSwapis a
workingname for Hope for the NationsinCharityCommissionrecords and is a fundraisingtool for the purchase of
renewableenergy productswhich are sent to vulnerablepeople,hospitalsand schoolsin the developing world.We
askpeopletoreducetheamountofdirtyenergytheyuseanddonatethemonetaryvalueoftheirsaving to
purchase clean energy kits for those in need.
```
```
Ahava- Ahava Ministries - Providing a clinic, health, hygiene and nutrition education, agricultural projects.
Gulugufe-Gulugufe Malawi - Permaculture training and community development.
```
## **`14. OTHER FINANCIAL COMMITMENTS`**
## **`Operating lease commitments`**
```
ThecharityhassignedaleaserelatingtoshoppremisesinPeterborough,inrespectofHftnShopLtd.At the
balancesheetdate,thecharityhadthefollowingfutureminimumleasepaymentsunder non-cancellable
operating leases for each of the following periods:
```
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Due within one year`|`9,600`|`9,600`|
|`Due between one and five years`|`38,400`|`38,400`|
|`Due after more than five years`|`18,400`|`28,000`|
## **`15. RELATED PARTY DISCLOSURES`**
## **`Key management personnel remuneration`**
```
No remuneration was paid to key management personnel in either 2022 or 2023.
```
## **`Related party transactions`**
```
Onetrustee,WillSymons,is alsoa trusteeofNehemiahConstruction.A fullprovisionwasmadeagainstthe debt
of £30,000due from NehemiahConstructionin the 2017 accounts.No moneyhas been receivedin respectof this
loan in either 2022 or 2023.
```
```
LDennisasCEOisconsideredtobearelatedparty.Duringtheyearhereceivedexpensesof£2,400forUse of
HomeasOffice(2022:£2,200)andacompanyofwhichheandhiswifearedirectors,BrightRiverLtd, received
£1,271 in fundraising commission payments from the Charity (2022:£nil).
```
```
Page 17
```