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 2025
for
Hope for the Nations Childrens Charity
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Hope for the Nations Childrens Charity
Contents of the Financial Statements for the Year Ended 31 July 2025
|
|
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 |
18 |
Detailed Statement of Financial Activities |
|
19 |
|
Hope for the Nations Childrens Charity
Report of the Trustees for the Year Ended 31 July 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31July2025.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.
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
Report of the Trustees for the Year Ended 31 July 2025
ACHIEVEMENTS AND PERFORMANCE
Financial
Thecharity'sincomeexperiencedadeclinecomparedtothepreviousyear,totalling£63,802for2024/25,down from
£74,630in2023/24.Meanwhile,thecharity'sexpenditurealsoreduced,amountingto£35,769comparedto£56,568 in
the previous year. This resulted in a surplus of £28,033 compared with the previous year's surplus of £18,062.
Thisyearsawsignificantchangesintherunningandoversightofthecharity.On31December2024LesDennis stepped
downasCEOasdidJackieDennisasthesecretary.AtthesametimeIainHarvey-Smithresignedasatrusteeon 31
December2024followedbyYeyeIkennaon31March2025,thoughLesSaunderswasappointedasatrusteeon1 April
2025.
Les SaundersvisitsKenyaonceor twicea yearin the same areasthatthe charityhas operatedfor manyyearsand knows
mostofthepeoplethatwehavebeenworkingwith.Hebringsahugeamountofexperiencewhichwebelievewill be
invaluable for the charity.
As a result,the charityhas had to regroup.A numberof the Kenya projectshave been put largelyon holdpendinga more
detailed review as well as visits by the trustees.
Kwattswapand the Malawi projectsare also on hold, requiringinputfrom Les Dennis to progressthings.The plan is to use
the funds for solar projects. £2,723 was invested earlier in the year on developing the Kwattswap website.
The following projects have continued:
KenyaEducation:Thisisanareathatwecontinuetosupport,reallyappreciatingthatitmakessuchadifferenceto the
children. £2,264 was given in September 2024 and £5,488 in January 2025.
Bungoma:£1,029waspaidinMay2025fortheschoolforfencing,classroomfurnitureandthetoiletblock.Weare in
contact with Patrick Siabuta regarding additional work there.
Mukwa: Funds are being put aside to be used for future solar projects.
India, Eswatini and Romania continue to be supported.
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 £162,101(2024:£134,068)andavailablefunds, i.e.
those excluding fixed assets and restricted funds, stood at £130,865 (2024: £118,255).
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.
Page 2
Hope for the Nations Childrens Charity
Report of the Trustees for the Year Ended 31 July 2025
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
TheBoardofTrustees,whichconsistsofthethreedirectors,seekstomeetfourtimesayeartoreviewandmonitor the
work and management of the Charity. This body also approves annual budgets and scrutinises policy decisions.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04432345 (England and Wales)
Registered Charity number
1098715
Registered office
71-73, Mayors Walk
Peterborough
Cambridgeshire
PE3 6EX
Trustees
W R Symons
I C Harvey-Smith (resigned 31.12.24)
K A Grover
Y O Ikenna (resigned 31.3.25)
L M Saunders (appointed 1.4.25)
Page 3
Hope for the Nations Childrens Charity
Report of the Trustees for the Year Ended 31 July 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Chief Executive
L Dennis (resigned 31.12.24)
Company Secretary
Mrs J Dennis (resigned 31.12.24)
Bankers
National Westminster Bank plc
P O Box 15
Cathedral Square
Peterborough
Cambridgeshire
PE1 1HW
Approved by order of the board of trustees on 25 March 2026 and signed on its behalf by:
K A 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 2025.
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
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
31 March 2026
Page 5
Hope for the Nations Childrens Charity
Statement of Financial Activities
for the Year Ended 31 July 2025
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
35,526
Investment income
3
81
Total
35,607
EXPENDITURE ON
Raising funds
4
478
Charitable activities
5
Overseas support and project costs
5,387
Total
5,865
NET INCOME/(EXPENDITURE)
29,742
Transfers between funds
13
(17,720)
Net movement in funds
12,022
RECONCILIATION OF FUNDS
Total funds brought forward
118,843
TOTAL FUNDS CARRIED FORWARD
130,865 |
Restricted
funds
£
28,195
-
28,195
545
29,359
29,904
(1,709)
17,720
16,011
15,225
31,236 |
31.7.25
Total
funds
£
63,721
81
63,802
1,023
34,746
35,769
28,033
-
28,033
134,068
162,101 |
31.7.24
Total
funds
£
74,556
74 |
|
|
|
74,630 |
|
|
|
783
55,785 |
|
|
|
56,568 |
|
|
|
18,062
- |
|
|
|
18,062
116,006 |
|
|
|
134,068 |
The notes form part of these financial statements
Page 6
Hope for the Nations Childrens Charity
Balance Sheet
31 July 2025
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
-
CURRENT ASSETS
Debtors
11
116,108
Cash at bank
15,957
132,065
CREDITORS
Amounts falling due within one year
12
(1,200)
NET CURRENT ASSETS
130,865
TOTAL ASSETS LESS CURRENT LIABILITIES
130,865
NET ASSETS
130,865
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
256
30,980
31,236
-
31,236
31,236
31,236 |
31.7.25
Total
funds
£
-
116,364
46,937
163,301
(1,200)
162,101
162,101
162,101
130,865
31,236
162,101 |
31.7.24
Total
funds
£
588
104,962
29,839
134,801
(1,321)
133,480
134,068
134,068
118,843
15,225 |
|
|
|
134,068 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 July 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 2025 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
Balance Sheet - continued 31 July 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon25March2026and were
signed on its behalf by:
K A 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 2025
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 2025
2. |
DONATIONS AND LEGACIES |
|
|
|
|
|
|
31.7.25 |
31.7.24 |
|
|
|
£ |
£ |
|
Donations |
|
60,356 |
70,402 |
|
Gift aid |
|
3,365 |
4,154 |
|
|
|
63,721 |
74,556 |
3. |
INVESTMENT INCOME |
|
|
|
|
|
|
31.7.25 |
31.7.24 |
|
|
|
£ |
£ |
|
Deposit account interest |
|
81 |
74 |
4. |
RAISING FUNDS |
|
|
|
|
Raising donations and legacies |
|
|
|
|
|
|
31.7.25 |
31.7.24 |
|
|
|
£ |
£ |
|
Fundraising and publicity |
|
1,023 |
783 |
5. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
Support |
|
|
|
Direct |
costs (see |
|
|
|
Costs |
note 6) |
Totals |
|
|
£ |
£ |
£ |
|
Overseas support and project costs |
26,523 |
8,223 |
34,746 |
6. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Management |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Overseas support and project costs |
5,953 |
2,270 |
8,223 |
continued...
Page 10
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued
for the Year Ended 31 July 2025
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
31.7.25
31.7.24
Overseas
support
and
project
Total
costs
activities
£
£
Rates and water
1,000
2,400
Telephone
-
131
Postage and stationery
-
702
Sundries
96
72
Motor and travel
-
4,370
Loss on disposal -fixed assets
588
-
IT and computer costs
950
810
Branding costs
2,723
2,800
Depreciation of tangible and heritage assets
-
65
Interest payable and similar charges
596
966
Accountancy fees
2,040
1,440
Trustees' meeting expenses
230
892
8,223
14,648
NET INCOME/(EXPENDITURE)
The net movement in funds is stated after charging the following: |
31.7.25
31.7.24
Overseas
support
and
project
Total
costs
activities
£
£
Rates and water
1,000
2,400
Telephone
-
131
Postage and stationery
-
702
Sundries
96
72
Motor and travel
-
4,370
Loss on disposal -fixed assets
588
-
IT and computer costs
950
810
Branding costs
2,723
2,800
Depreciation of tangible and heritage assets
-
65
Interest payable and similar charges
596
966
Accountancy fees
2,040
1,440
Trustees' meeting expenses
230
892
8,223
14,648
NET INCOME/(EXPENDITURE)
The net movement in funds is stated after charging the following: |
31.7.25
31.7.24
Overseas
support
and
project
Total
costs
activities
£
£
Rates and water
1,000
2,400
Telephone
-
131
Postage and stationery
-
702
Sundries
96
72
Motor and travel
-
4,370
Loss on disposal -fixed assets
588
-
IT and computer costs
950
810
Branding costs
2,723
2,800
Depreciation of tangible and heritage assets
-
65
Interest payable and similar charges
596
966
Accountancy fees
2,040
1,440
Trustees' meeting expenses
230
892
8,223
14,648
NET INCOME/(EXPENDITURE)
The net movement in funds is stated after charging the following: |
|
2025 |
2024 |
|
£ |
£ |
Independent Examiner's remuneration |
1,200 |
1,440 |
Depreciation of tangible fixed assets |
- |
65 |
Loss on disposal of fixed assets |
588 |
- |
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2025norfortheyear ended
31 July 2024.
continued...
Page 11
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
8. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
During the year, there were trustee meeting expenses of £230 (2024: £892).
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
38,415
Investment income
74
Total
38,489
EXPENDITURE ON
Raising funds
727
Charitable activities
Overseas support and project costs
16,415
Total
17,142
NET INCOME/(EXPENDITURE)
21,347
Transfers between funds
(10,074)
Net movement in funds
11,273
RECONCILIATION OF FUNDS
Total funds brought forward
107,570
TOTAL FUNDS CARRIED FORWARD
118,843 |
Restricted
funds
£
36,141
-
36,141
56
39,370
39,426
(3,285)
10,074
6,789
8,436
15,225 |
Total
funds
£
74,556
74 |
|
|
74,630 |
|
|
783
55,785 |
|
|
56,568 |
|
|
18,062
- |
|
|
18,062
116,006 |
|
|
134,068 |
continued...
Page 12
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
10. TANGIBLE FIXED ASSETS
COST
At 1 August 2024
Disposals
At 31 July 2025
DEPRECIATION
At 1 August 2024
Eliminated on disposal
At 31 July 2025
NET BOOK VALUE
At 31 July 2025
At 31 July 2024
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift Aid recoverable
Amount due from Hftn Shop Ltd
Due from Hftn Shop (H & V) Ltd |
31.7.25
£
271
94,819
21,274
116,364 |
Fixtures
and
fittings
£
1,868
(1,868)
-
1,280
(1,280)
-
-
588
31.7.24
£
235
102,482
2,245
104,962 |
|
|
|
continued...
Page 13
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
HFTN shop- designated
HFTN Shop (H & V) Ltd-designated
Restricted funds
Soweto School Feeding fund
Malawi
India
Bungoma
Elim-Turkana
Mukwa
Romania
Soweto-New Hope Centre
Kenya Education
Kolongo Widows & School
Kilowatt Swap
Ahava
Gulugufe
Mukwa Widows Solar Project
TOTAL FUNDS |
Net
movement
At 1.8.24
in funds
£
£
10,033
(4,764)
106,565
15,477
2,245
19,029
118,843
29,742
15
64
2,446
1,566
453
(3,996)
-
(1,729)
-
(1,015)
-
(1,051)
113
600
998
1,943
2,509
(4,415)
-
(92)
4,738
3,716
2,930
1,800
523
900
500
-
15,225
(1,709)
134,068
28,033 |
31.7.25
£
1,200
Transfers
between
funds
£
5,420
(23,140)
-
(17,720)
502
(155)
3,900
3,300
2,059
3,250
(60)
(470)
2,656
469
(710)
(181)
(90)
3,250
17,720
- |
31.7.24
£
1,321
At
31.7.25
£
10,689
98,902
21,274 |
|
|
|
130,865
581
3,857
357
1,571
1,044
2,199
653
2,471
750
377
7,744
4,549
1,333
3,750 |
|
|
|
31,236 |
|
|
|
162,101 |
continued...
Page 14
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
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 |
1,101 |
(5,865) |
(4,764) |
HFTN shop- designated |
15,477 |
- |
15,477 |
HFTN Shop (H & V) Ltd-designated |
19,029 |
- |
19,029 |
|
35,607 |
(5,865) |
29,742 |
Restricted funds |
|
|
|
Soweto School Feeding fund |
975 |
(911) |
64 |
Malawi |
1,566 |
- |
1,566 |
India |
- |
(3,996) |
(3,996) |
Bungoma |
- |
(1,729) |
(1,729) |
Elim-Turkana |
210 |
(1,225) |
(1,015) |
Mukwa |
- |
(1,051) |
(1,051) |
Romania |
600 |
- |
600 |
Soweto-New Hope Centre |
11,190 |
(9,247) |
1,943 |
Kenya Education |
3,338 |
(7,753) |
(4,415) |
Kolongo Widows & School |
520 |
(612) |
(92) |
Kilowatt Swap |
7,096 |
(3,380) |
3,716 |
Ahava |
1,800 |
- |
1,800 |
Gulugufe |
900 |
- |
900 |
|
28,195 |
(29,904) |
(1,709) |
TOTAL FUNDS |
63,802 |
(35,769) |
28,033 |
continued...
Page 15
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
HFTN shop- designated
HFTN Shop (H & V) Ltd-designated
Restricted funds
Soweto School Feeding fund
Malawi
India
Bungoma
Elim-Turkana
Mukwa
Ol Kalo
Romania
Soweto-New Hope Centre
Kenya Education
Kolongo Widows & School
Kilowatt Swap
Ahava
Gulugufe
Mukwa Widows Solar Project
TOTAL FUNDS |
Net
movement
At 1.8.23
in funds
£
£
22,150
(15,473)
83,691
36,304
1,729
516
107,570
21,347
127
(2,078)
276
2,202
271
(2,855)
31
(607)
100
(1,935)
71
(1,177)
41
(87)
92
47
1,638
(58)
2,640
(329)
111
(530)
1,203
3,918
1,713
449
122
(245)
-
-
8,436
(3,285)
116,006
18,062 |
Transfers
between
funds
£
3,356
(13,430)
-
(10,074)
1,966
(32)
3,037
576
1,835
1,106
46
(26)
(582)
198
419
(383)
768
646
500
10,074
- |
At
31.7.24
£
10,033
106,565
2,245 |
|
|
|
118,843
15
2,446
453
-
-
-
-
113
998
2,509
-
4,738
2,930
523
500 |
|
|
|
15,225 |
|
|
|
134,068 |
continued...
Page 16
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
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 |
1,669 |
(17,142) |
(15,473) |
HFTN shop- designated |
36,304 |
- |
36,304 |
HFTN Shop (H & V) Ltd-designated |
516 |
- |
516 |
|
38,489 |
(17,142) |
21,347 |
Restricted funds |
|
|
|
Soweto School Feeding fund |
1,325 |
(3,403) |
(2,078) |
Malawi |
3,151 |
(949) |
2,202 |
India |
- |
(2,855) |
(2,855) |
Bungoma |
- |
(607) |
(607) |
Elim-Turkana |
165 |
(2,100) |
(1,935) |
Mukwa |
- |
(1,177) |
(1,177) |
Ol Kalo |
813 |
(900) |
(87) |
Romania |
575 |
(528) |
47 |
Soweto-New Hope Centre |
10,335 |
(10,393) |
(58) |
Kenya Education |
8,004 |
(8,333) |
(329) |
Kolongo Widows & School |
440 |
(970) |
(530) |
Kilowatt Swap |
8,273 |
(4,355) |
3,918 |
Ahava |
2,160 |
(1,711) |
449 |
Gulugufe |
900 |
(1,145) |
(245) |
|
36,141 |
(39,426) |
(3,285) |
TOTAL FUNDS |
74,630 |
(56,568) |
18,062 |
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:
India - People of the Way-Children's Ministry in India.
Malawi-HopeVillageMalawi,a projectofHFTNMalawi,incorporatingChildren'sHomes,DayCareCentre, Clinic,
CommunityDevelopment,BabyCentre,FamineRelief,MicroEnterpriseProjects.MissionarySupportfunds are
also sent here.
Bungoma- Hope Transformation Centre- Community Development Project.
Mukwa- Mukwa Widows Support, Kenya.
Ol Kalo- Restricted fund for Ol Kalo, Kenya- Village Borehole Project.
Romania- Firm Foundations, Romania- providing medical care to vulnerable children.
Soweto-New Hope Centre- New Hope Centre, Swaziland- orphanage.
Soweto- incorporates Hope and Bright Future School & Baby Feeding Project.
KolongoloWidowsandSchool-forthesupportofwidowswithfoodsupplementsandagriculturaltraining and
materialsandforthesupportofa feedingprogrammeforchildrenattendingKolongoloSchool.Bothprojects are
located in Kolongolo, West Kenya.
continued...
Page 17
Hope for the Nations Childrens Charity
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
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:
|
2025 |
2024 |
|
£ |
£ |
Due within one year |
9,600 |
9,600 |
Due between one and five years |
37,600 |
38,400 |
Due after more than five years |
- |
8.800 |
15. RELATED PARTY DISCLOSURES
Key management personnel remuneration
No remuneration was paid to key management personnel in either 2024 or 2025.
Related party transactions
Onetrustee,WillSymons,is alsoa trusteeofNehemiahConstruction.A fullprovisionwasmadeagainstthe debt
of£30,000duefromNehemiahConstructioninthe2017accounts,reducedbyrepaymentstotalling£2,000 in
subsequent years.The balance of £28,000 outstanding at 31 July 2025 has been gifted to Nehemiah Construction.
LDennisasCEOuntil31December2024isconsideredtobearelatedparty.Duringtheperiodhe received
expenses of £1,000 for Use of Home as Office (2024: £2,400) and a companyof which he and his wife are directors,
Bright River Ltd, received £423 in fundraising commission payments from the Charity (2024:£36).
BrandgelizeLtd,acompanyofwhichYIkennaisadirector,receivedpaymentsof£2,363inrespectof branding
payments for the period 1 August 2024 to her date of resignation on 31 March 2025 (2024: £2,800).
Asdisclosedinnote11,Debtors,£94,819(2024:£102,482)wasowedbyHftnShopLtdand£21,274 (2024:
£2,245)wasowedbyHftnShop(H&V)Ltd.Twoofthetrusteesofthecharity,WRSymonsandKGrover, are
directors of both of these companies.
Page 18
Hope for the Nations Childrens Charity
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising and publicity
Charitable activities
Project costs and sponsorship
Support costs
Management
Rates and water
Telephone
Postage and stationery
Sundries
Motor and travel
Loss on disposal -fixed assets
IT and computer costs
Branding costs
Fixtures and fittings
Bank interest & charges
Governance costs
Accountancy fees
Trustees' meeting expenses
Total resources expended
Net income |
Detailed Statement of Financial Activities
for the Year Ended 31 July 2025
31.7.25
31.7.24
£
£
60,356
70,402
3,365
4,154
63,721
74,556
81
74
63,802
74,630
1,023
783
26,523
41,137
1,000
2,400
-
131
-
702
96
72
-
4,370
588
-
950
810
2,723
2,800
-
65
596
966
5,953
12,316
2,040
1,440
230
892
2,270
2,332
35,769
56,568
28,033
18,062 |
Detailed Statement of Financial Activities
for the Year Ended 31 July 2025
31.7.25
31.7.24
£
£
60,356
70,402
3,365
4,154
63,721
74,556
81
74
63,802
74,630
1,023
783
26,523
41,137
1,000
2,400
-
131
-
702
96
72
-
4,370
588
-
950
810
2,723
2,800
-
65
596
966
5,953
12,316
2,040
1,440
230
892
2,270
2,332
35,769
56,568
28,033
18,062 |
|
|
|
|
|
74,556
74 |
|
|
74,630
783
41,137
2,400
131
702
72
4,370
-
810
2,800
65
966 |
|
|
12,316
1,440
892 |
|
|
2,332 |
|
|
56,568 |
|
|
18,062 |
This page does not form part of the statutory financial statements
Page 19