2025-05-31-accounts - Vita New Hope

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REGISTERED COMPANY NUMBER: 06241692 (England and Wales) REGISTERED CHARITY NUMBER: 1122262

| AccountantsChartered

Report of the Trustees and

Audited Financial Statements for the Year Ended 31 May 2025

for

Vita New Hope Ltd

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Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 BAA

BPU Limited Chartered Accountants Statutory Auditor Radnor House Greenwood Close Cardiff Gate Business Park CF23 8AA

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| bpu Chartered Accountants is @ trading name of BPU Ltd Company Number 3723948 Registered in Wa'es

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Contents of the Financial Statements for the Year Ended 31 May 2025

Vita New Hope Ltd

ies

		Page	Page
Report of the Trustees	1	to	5
Report ofthe IndependentAuditors	6	to	9
Statement of Financial Activities		10
Balance Sheet	11	to	12
Notes to the Financial Statements	13	to	19
DetailedStatementofFinancialActivities		20

Vita New Hope Ltd

Report of the Trustees

for the Year Ended 31 May 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Maximisation of support to the developing world in order to achieve the goals set out in the mission statement.

Mission statement:

The relief of the sick/poor living in the developing world in particular Africa. This is to be achieved either generally or individually through the provision of grants, goods or services in particular, but not limited to the provision of education, purification of water and medical aid.

Report of the Trustees for the Year Ended 31 May 2025

Vita New Hope Ltd

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Income

Restricted Income of £34,500 (2024: £145,000) was received from UK Foundations and other sources as follows:

sources as follows:
	2025	2024
	£	£
EA Foundation Jephcott Charitable Trust Foundation	5,000 17,000	45,000 -
Peter Strebbings Memorial Charity	10,000	-
Carmello Pignatelli Foundation	2,500	-
Corporate donations	-	100000
	34,500	145,000

All income contributed to the Vita Green Impact Fund (VGIF) programme. The fund was established in May 2023 under the management of FinanCarbon (FCI) Limited, with Vita (RTI) as the project developer. Vita (RTI) raises additional funding to co-finance the programme, working alongside its group entities Vita New Hope and Vita US Inc. The fund's programme incorporates: - Cookstoves - providing people with clean, fuel-efficient cookstoves, where Vita works with women to make and distribute cookstoves using local materials. Vita uses a Community Led Total Stoves approach, which empowers rural communities to eliminate traditional cooking methods through collective behaviour change. - Safewater - repairing waterpoints in Ethiopia and Eritrea, providing people with safe water, working closely with local Water, Sanitation and Hygiene Committees, which, with training, help ensure sustainability and long-term ownership. Strong emphasis is placed on women's participation in water management, recognising their vital role as primary water users. Of the 516 Wash Committees set up so far, 90% have at least 40% women's participation against a regional average of 10%. - Forestry - targeting small plots of degraded land under community or farmer management. Using initial capital raised of €6.6m and grants being raised by the Vita group of €2.25m, the VGIF Programme aims to impact 1.3 million people, saving up to 300,000t CO2 per annum. The funds raised by Vita New Hope contribute to this €2.25m.

Expenditure

During the year, £95,000 (2024: £110,000) was transferred to Vita (RTI) and spent in line with the donor conditions.

Vita New Hope Ltd

Report of the Trustees for the Year Ended 31 May 2025

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Impact

In summary, the programme impact is as follows:

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |388,000|People|gained|access|to|clean|water|and|improved|cookstoves| |150,000|Tonnes|of CO2|saved| |137,000|Tonnes|of wood|from|cleaner|cooking| |290,000|Euros|Income|generated|by women-led|stove|co-operatives|

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The cumulative impact to 31 March 2025 is as follows:

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Safe Water|Clean|Cooking|Climate Action|Forestry| |290,000|people|have| |235,000|people|have|access|to|improved|150,000 tonnes|of|250ha|prepared|for| |access|to|safe|water|cookstoves|CO2|saved|planting| |2m|hours|fetching|21m|hours|fetching| |water|by women|and|firewood|by women|200,000 tonnes|of|1.2m|seedlings| |girls|saved|and|girls|saved|wood|saved|produced| |380,000|euros| |generated|by|women's| |co-operatives| |Over|13,000| |households|are|now| |members|of|Rural| |Saving|&|Loans| |Associations|

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FINANCIAL REVIEW Financial position There is a deficit for the year of £56,143 (2024 - surplus £31,141).

Total funds carried forward were £27,000 (2024 - £83,143), which includes £27,000 (2024 - £87,500) restricted fund and £Nil (2024 - £(4,357)) unrestricted fund carried forward. Reserves policy The charity continues to endeavour to increase and safeguard its income in order to finance the objectives of the charity. To ensure adequate reserves are in place to fulfil the charity's objectives significant emphasis has been placed on controlling costs. This will remain in place for the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing 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 Act 2006.

Vita New Hope Ltd

Report of the Trustees for the Year Ended 31 May 2025

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Related parties The charity works closely with Vita (RTI) for their work in Africa. During last year Vita (RTI) became the sole member of Vita New Hope Ltd.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06241692 (England and Wales)

Registered Charity number 1122262

Registered office Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA

Trustees

P F Lindsay C H George (resigned 4/6/2025) R McCabe Director (appointed 1/1/2025) A Flatt Director (appointed 1/1/2025)

Company Secretaries

P F Lindsay

Auditors BPU Limited:Chartered Accountants Statutory Auditor Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Vita New Hope Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Vita New Hope Ltd

Report of the Trustees

for the Year Ended 31 May 2025

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STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 that period. In preparing those 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: - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 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 irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Approved by order of the board of trustees on NOS %.9Sand signed on its behalf by: = (bo

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Report of the Independent Auditors to the Trustees of Vita New Hope Ltd | WeOpinionhave audited. the financial. . statements of Vita. New Hope Ltd (the ‘charitable. company') for the year ended 31 May 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United | Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting — Practice). | In our opinion the financial statements: |

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give a true and fair view of the state of the charitable company's affairs as at 31 May 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial — statements section of our report. We are independent of the charitable company in cieseaieauisie accordance with the ethical requirements that are relevant to our audit of the Qos cate Business Park financial statements in the UK, including the FRC's Ethical Standard, and we have aoe cro3 gan fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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bpu Chartered Accountants is Q trading name of BPU Ltd Company Number 3723948

A list of directors is availatie from the tegistered office above

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Report of the Independent Auditors to the Trustees of Vita New Hope Ltd

bpu TheOthertrustees informationare responsible for the other information. The other information | ptAccountants comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, | except to the extent otherwise explicitly stated in our report, we do not express any | form of assurance conclusion thereon. | In connection with our audit of the financial statements, our responsibility is to read © the other information and, in doing so, consider whether the other information is | materially inconsistent with the financial statements or our knowledge obtained in | the audit or otherwise appears to be materially misstated. If we identify such | material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that | there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities | (Accounts and Reports) Regulations 2008 requires us to report to you if, in our | sereiaeeuns Opinion. : ‘ 7 . . . : Greenwood Close - the information given in the Report of the Trustees is inconsistent in any material Goji Gate Business Pork respect with the financial statements; or Cardiff CF23 8AA - the charitable company has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and | returns; or - we have not received all the information and explanations we require for our audit. Responsibilities of trustees | As explained more fully in the Statement of Trustees' Responsibilities, the trustees | (who are also the directors of the charitable company for the purposes of company — law) are responsible for the preparation of the financial statements and for being | satisfied that they give a true and fair view, and for such internal control as the | trustees determine is necessary to enable the preparation of financial statements | that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Report of the Independent Auditors to the Trustees of Vita New Hope Ltd

Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. | The extent to which our procedures are capable of detecting irregularities, including | fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risks of acts by the | charity that were contrary to applicable laws and regulations, including fraud. We | designed audit procedures to respond to the risk, recognising that the risk of not | Serdhee bere detecting a material misstatement due to fraud is higher than the risk of not Eiconweast bless detecting one resulting from error, as fraud may involve deliberate concealment. GardiitGate Rises Park The laws and regulations; that we determined. were most significantoo. to the charity; | Cardiff CF23 8AA were the Companies Act 2006 and Charities Act 2011. | We obtained an understanding of how the charity is complying with those laws and | regulations by making enquiries of the management and those charged with | governance, and corroborated these enquiries through our review of legal and | professional spend for the year. We assessed the susceptibility of the charity's financial:statements to material | misstatement, including how fraud might occur. We addressed the risk of management override of internal controls and assessed the effectiveness of the controls that management has in place to prevent and detect fraud, including testing | of manual journals and evaluating the assumptions and judgements made by | management in its significant accounting estimates. | A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

bpu Chartered Accountants is O trading name of BPU Ltd Company Number 3723948 Reg'steted in Wales.

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Report of the Independent Auditors to the Trustees of Vita New Hope Ltd

Use of our report This report is made solely to the charitable company's trustees, as a body, in | | CharteredAccountants accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. | Our audit work has been undertaken so that we might state to the charitable | company's trustees those matters we are required to state to them in an auditors’ | report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and | the charitable company's trustees as a body, for our audit work, for this report, or for | the opinions we have formed. | BPU Limited | Chartered Accountants | Statutory Auditor Auditor | Eligible to act as an auditor in terms of Section Section 1212 of the the Companies Act 2006 Radnor House | Greenwood Close Cardiff Gate Business Park Cardiff | CF23 8AA 8AA fu | Radnor House ; ») A)WembeyvWembeyv 202SsSs | Greenwood Close Date: oo. cccccccccseceeeesseeeeeestenees cccccccccseceeeesseeeeeestenees | eeianricate susmaceten: | Cardiff CF23 8AA

Chartered Accountants Statutory Auditor Auditor Eligible to act as an auditor in terms of Section Section 1212 of the the Companies Act 2006 Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA 8AA fu ; ») A)WembeyvWembeyv 202SsSs Date: oo. cccccccccseceeeesseeeeeestenees cccccccccseceeeesseeeeeestenees

of investment business activities by

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| Compony Number 3723948 i Reg stered in Wales. | A list of ditectors is avaiable from the registered office above

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Vita New Hope Ltd

Statement of Financial Activities for the Year Ended 31 May 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		6,844	34,500	41,344	145,000
Investment income	2	492	-	492	1,492
Total		7,336	34,500	41,836	146,492
EXPENDITURE ON
Charitable activities
Support costs		2,979	95,000	97,979	115,071
NET INCOME/(EXPENDITURE)		4,357	(60,500)	(56,143)	31,421
RECONCILIATION OF FUNDS
Total funds brought forward		(4,357)	87,500	83,143	51,722
TOTALFUNDSCARRIEDFORWARD		-	27,000	27,000	83,143

The notes form part of these financial statements

Vita New Hope Ltd

Balance Sheet

31 May 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	7	6,892	-	6,892	276
Cash at bank		-	27,000	27,000	87,500
		6,892	27,000	33,892	87,776
CREDITORS
Amounts falling due within one year	8	(6,892)	-	(6,892)	(4,633)
NETCURRENTASSETS		-	27,000	27,000	83,143
TOTAL ASSETS LESS CURRENT
LIABILITIES		-	27,000	27,000	83,143
NETASSETS		-	27,000	27,000	83,143
FUNDS	10
Unrestricted funds:
General fund				-	(4,357)
Restricted funds:
Vita Green Impact Fund				27,000	87,500
TOTALFUNDS				27,000	83,143

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

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
(6) 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.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

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Vita New Hope Ltd

Balance Sheet - continued 31 May 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

ThgiD Nosfinancial statements2S...wereand wereapproved signedby on theits behalfBoard by:of Trustees and authorised for issue on PFeae a

The notes form part of these financial statements

Vita New Hope Ltd

Notes to the Financial Statements for the Year Ended 31 May 2025

1. | ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of lreland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% straight line

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.

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

Vita New Hope Ltd

_ ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

INVESTMENT INCOME

2.	INVESTMENT INCOME
			2025	2024
			£	£
	Deposit account interest	:	492	1,492
3.	NETINCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Auditors’ remuneration	2,500	2,400
Otheroperatingleases	-	600

4. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Vita New Hope Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
		£	£	£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	-	145,000	145,000
	Investment income	1,492	-	1,492
	Total	1,492	145,000	146,492
	EXPENDITURE ON
	Charitable activities
	Support costs	5,071	110,000	115,071
	NET INCOME/(EXPENDITURE)	(3,579)	35,000	31,421
	RECONCILIATION OF FUNDS
	Total funds brought forward	(778)	52,500	51,722
	TOTAL FUNDS CARRIED
	FORWARD	(4,357)	87,500	83,143
6.	TANGIBLE FIXED ASSETS
				Computer
				equipment
				£
	COST
	At 1 June 2024 and 31 May 2025			2,728
	DEPRECIATION
	At 1 June 2024 and 31 May 2025			2,728
	NET BOOK VALUE
	At 31 May 2025			-
	At31May2024			-

Vita New Hope Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2025	2024
			£	£
	Amounts owed by group undertakings		6,844	-
	Prepayments		48	276
			6,892	276
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2025	2024
			£	£
	Bank loans and overdrafts (see note 9)		2,320	481
	Trade creditors		1	1
	Accrued expenses		4,571	4,151
			6,892	4,633
9.	LOANS
	An analysis ofthe maturity of loans is given below:
			2025	2024
			£	£
	Amounts falling due within one year on demand:
	Bank overdrafts		2,320	481
10.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1/6/24	in funds	31/5/25
		£	£	£
	Unrestricted funds
	General fund	(4,357)	4,357	-
	Restricted funds
	Vita Green Impact Fund	87,500	(60,500)	27,000
	TOTALFUNDS	83,143	(56,143)	27,000

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

Vita New Hope Ltd

10. 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	7,336	(2,979)	4,357
Restricted funds
Vita Green Impact Fund	34,500	(95,000)	(60,500)
TOTAL FUNDS	41,836	(97,979)	(56,143)
Comparatives for movement in funds
		Net
		movement	At
	At 1/6/23	in funds	31/5/24
	£	£	£
Unrestricted funds
General fund	(778)	(3,579)	(4,357)
Restricted funds
Vita Green Impact Fund	52,500	35,000	87,500
TOTAL FUNDS	51,722	31,421	83,143
Comparative net movement in funds, included in the above are as		follows:
	Incoming	Resources	Movement
	resources ra	expended __ £	in funds £
Unrestricted funds
General fund	1,492	(5,071)	(3,579)
Restricted funds
Vita Green Impact Fund	145,000	(110,000)	35,000
TOTALFUNDS	146,492	(115,071)	31,421

Vita New Hope Ltd

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

10. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1/6/23	in funds	31/5/25
	£	£	£
Unrestricted funds
General fund	(778)	778	-
Restricted funds
Vita Green Impact Fund	52,500	(25,500)	27,000
TOTALFUNDS	51,722	(24,722)	27,000

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended _	in funds
	i	£	£
Unrestricted funds
General fund	8,828	(8,050)	778
Restricted funds
Vita Green Impact Fund	179,500	(205,000)	(25,500)
TOTALFUNDS	188,328	(213,050)	(24,722)

Restricted Funds

Vita Green Impact Fund - this represents carbon offset monies and donations received from Peter Stebbings Memorial Charity, the Carmello Pignatelli Foundation, the EA Foundation and the Jephcott Charitable Trust Foundation to invest in climate smart communities in Africa and for projects that result in the lowering of carbon dioxide emissions into the atmosphere and providing people with safe water.

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

Vita New Hope Ltd

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2025.

12. ULTIMATE CONTROLLING PARTY

Vita New Hope Limited is a subsidiary undertaking of Vita (RTI), which is the ultimate parent company, incorporated in Ireland.

Copies of the financial statements of Vita (RTI) can be obtained from Companies Registration Office, Bloom House, Gloucester Street Lower, PO Box 12858, Dublin 1.