NEW HOPE FOR CHILDREN TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity No: 1124015
NEW HOPE FOR CHILDREN CONTENTS Trustees, Report 3-10 Independent Examiner's Report Statement of Financial Activities 12 Balance Sheet 13 Notes to the Accounts 14
NEW HOPE FOR CHILDREN TRUSTEES, REPORT for the year ended 31 December 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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). OBJECTIVES & ACTIVITIES The Objects of the Trust are to raise and receive monetary and non-monetary donations to help higFh risk children, with particular focus io support the work of Children's Vision International Incorporated in Bogota, Colombia, South America. The aims of the trust are to provide support in furthering the following objects ("Ihe objects") for the benefit of children, in particular but not exclusively those residing temporarily or pernianently in Bogota, Colombia: (a) The relief of sickness and the preservation and proiection of health of children andlor tlieir families, including by assistin&y in the provision of rnedicines, clinics and healthcare workers; (b) Tlie relief of financial hardship by makinb grants of money for providin&y or payin for iteins , services or facilities such as food, cloihin&y and bedding. (c) The advancement of the education, including by providing and assisting in the provision of facilities, equipment and teachers; (d) To help homeless and orphaned children by providing funding for accommodation, carers and runnin&i orphanabies; (e} To provide for the relief of children who are sick or disadvantaged by reason of their social or economic circumstances by the provision of holidays, outings and other recreational and leisure activities provided in the interests of social welfare and des1}ed to improve their conditions of life. During the year under review, donations amounting to £199,981 (2023 £153. 747), were made to Children's Vision International Inc.: (CVII) in Bogota, Colombia and a further £9,600, (2023 £9.600}, was paid in support fees to the Richard D. Sanderson in his role as General Director in Colombia and Principal Ambassador in reporting back to the charity sponsors in the UK and Ireland Public benefit The Charity Commission has set out general principles to be used in assessing the public benefit of UK charities. To ensure it meets these principles, the Trust must be able to demonstrate that its work benefits the public or a section of the public, that people on low incomes are able to benefit, and that any private benefit is incidental. In exercising their powers and duties, the trustees have given due consideration to the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE Review of Charitable Activities The Trustees consider that the perfonnance of the trust in its testimony within Colombia and beyond to have been satisfactory again this year as the iinpact of the work amongst children and their families has been maintained and further enhanced. The trustees wish to place on record their grateful thanks to all who have so faithfully supported the work of the charity throUoUt the year. FINANCIAL REVIEW Financial Position The accounts for the year ended 31 December 2024 are presented to comply, as far as possible, with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing tlieir accounis in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. sl Total expenditure includinbj donations amounted to £2J5,576 compared to £170,956 in 2023 which meant that the net deficit for the year amounted to £35,025 compared to a net surplus of £12,531 in 2023. At 31, December 2024, the reserves of the charity amounted to £12,820 (2023 - £47,845) Principal Funding Sources New Flope for Children's principal sources of funds are from many and varied churches: groups, and individuals and during the year amounted to £180,551 (with applicable tax retiinds from recoverable gift aid) (2023 - £183,487) New Hope for Children achieved its objectives in ternis of supporting to the maximum level possible the work of Children's Vision in Bog)ota, Colombia. Total costs IncUed accounted for 3.320/0 of our income. The Main Activities for the Year During 2024 New Hope for Children has been able to support Children's Vision, Bogyota through grants to support the following asp¢cts which were of public benefit to the children and adults in Colombia supported by the foundation. In undertaking these activities, the trustecs have had regard to the guidance issued by the Charity Commission on public benefit., l. The relief of poverty and the provision of a home- Supporting the provision of four established children's homes for children in h]l-risk situations. To break the immediate cffects of poverty through helping provide (and develop) a home, food and caring staff, clothing, protection and support. (Approx. 110 children helped constantly throughoul the year). Richard Sanderson was provided with support fees both for his work as General Director in Bogota, and also within the UK and Ireland as principal ambassador in raising awareness and financial support for the charity by giving talks and reports of the activities and impact of the work in Colombia.
- Providing an Education. Supporting the provision of a school in Colombia. Helping make a provision for teaching staff, and therefore an education to break the cyclc of poverty that has been seen in generations of the families of each child (Approx. 160 children helped continuously. ) Education from nursery through to the end of High School. Specific bryanis were given towards further and higher education, benefitting four young adults in accordance with the donor's instructions. Deuteronomy House Project. Funds were granted towards the purchase in August 2024, and remodelling of the fifth Children's Vision home called Dcutcroiiomy House which will be completed during 2025. The house will provide a loving and caring home for approx. 25 boys between the ages of 7 to 12 years old. All will come from situations of extreme poverty. Funds granted for sections l and 2: £186,571 (please note that this includes a provision for wages, utility bills and food that is shared between the homes and the school and also contributed towards caring for those who are sick through the provision of nurses). The total includes £9,087 in specific funds for Higher and Further Education Scholarships, in accordance with the donors wishes. £68,566 was anted for the purchase and remodellinLy of the new Deuieroiiomy House for boys. Also included, th th there was £70.00 &iranted to provide &Fifts for the students from l O and I I ade who completed the "Skills for the Workplace" and "Advanced Skills for the Workplace" courses. There was also a specific gTrant byiven towards art activities for £167.00 in accordance with the donors wish. In addition, support fees provided to Richard Sanderson were £9,600.
- The relief of poverty. New Hope for Children gave grants for the purchase of food for the homes and school (noted in l & 2 above). This will have included food packs for the families of the children helped in Colombia, in addition to many other persons from situations of extreme poverty. Provision of transport through specific grants to help with petrol and diesel and vehicle maintenance costs. Transport was of benefit in providing logistical help for recreational, health and support activities. Also, for humanitarian aid brigades helping thousands of people. And the transport of buildin materials for the project reported in (1 & 2) above. Funds granted for transport: £5,500
- The relief of poverty. Specific antS were given for gifts for the children in accordance with donor instructions. Funds granted: £450 for gifts for the children.
- Caring for those who are sick. Helping to provide the nursing and Professional Support staff for the children (approx. 160 children interniittently throughout the year).
- IT Support. Two specific antS were awarded in accordance with the donors wishes that helped several different areas of Children's Vision and indirectly is of public benefit. Good IT systems allow for the efficient use of staff time and is a vital support
for all the foundations administrative and educational procedures, also providing for the security of information. Funds Granted: £6,500.00 total. Of this, £3,500.00 was for the purchase of a l year subscription to obligatory mediLal reporting software for the new medical unit, and the purcliase of 4 new laptop coinputers on which the software was installed, also the purchase of a UPS power supply module and voltage protector for the school computer suite. Please nole ilial of this £1, 175. 00 of ihefunds relaling to ihe laptop computers were redislribuled w'iih the donor '.s agreeniei?I lo categories J and 2 as a di/fei"enl donor (not through New Hopc.for Children) had also given.for the pui"chase o]'tlie same compiiters. A second grant of £3,000.00 was given for improvements to the school, homes and Blessings Building intemet systems, allowing for the purchase of cloud gateway control units, faster internet switches, and the rewiring of the internet system between properties. This allowed for the reduction in internet service provider bills and the improvemeni of cybersecurity. 7. UK Volunteers. Two teams of volunteers visiied from the UK to Children's Vision in Bogota. The first was to guide and teach the "Skills for the Workplace" and "Advanced Skills for the Workplace" courses. The second was a volunteer electrical team who rewired the new Deuteronomy House for boys. In accordance with the donors wishes, funds were Lanted for the food and lodging? costs for these volunteers. Funds Granted: £960,00 The ioial of funds anted for the public benefit from New Hope for Children to Children's Vision in Bo&iota durin&) 2024 was £199,981. Strategies of the Trust All grants were given in accordance to the instructions of the donors and within the aims and objectives set out in the governing document. New Hope for Children raises through its donors J OOO/o of the funds for the grants it gives and does not receive funds from any type of social investment programme. We would like to thank all of the volunteers who have helped raise support and awareness in many areas of the UK - mainly in Southern and Northeastern England, Northern Ireland, the Midlands and Scotland, including organising and/or publicising fundraising events, opening opportunities and invitations for presentations and in general raising awareness of the work in Colombia. As these people are groups and individuals from other organisations, it is not possible to provide an accurate calculation of the time and resources invested by each personlgroup. To thank those who have supported our work as volunteers in the UK, in tenns of offering help with activities such as printing infonnation, copyingy of promotional videos, promoting the work on social media platfornis, IT support, organising speaking opportunities and for the
work of the trustees in running New Hope for Children. The number of hours invested would be approximately 65 hours per month. In addition, to recognise the help of all those who volunteered at Children's Vision International Inc. in BogTOta through New Hope for Children. During 2024 this totalled 4 p¢ople who visited for 5 days and 4 people who visited for 14 days. New Hope for Children's principal sources of funds are from many and varied churches, groups, and individuals. New Hope has maintained its digital options for those who wish to obtain updates of the charities work in that way. Significance of Achievements During 2024 New Hope t.or Children has been able to support Children's Vision, Bogota through granis to support the following aspects which were of public benefit mainly to the children and in some part to adults in Colombia supported by the foundation: Children's Homes. Providing grants for wages towards well trained care staff workingi in the homes, To provide a caring Christian family environinent where children have stability, love and professional support. They are helped to overcome their fainily difticulties and receive healing to both physical and emotional hurts. To develop into stable adults who know that they have the support of a family. 2, Humanitarian Aid - Support also for the humanitarian aid programme where thousands of needy families are helped with donations of clothes, shoes, baby packs, blankets and many other articles. Approximately 1,800 families helped durin&Y 2024. 3. Education. Providing grants towards wages for well trained teachers working in the school. To help each child develop the knowledge and skills that will help break the cycle of poverty in generations of their families. To enable each child to have a stable future and prepare them for life as a responsible adult. Specific grants were given towards higher education, benefitting four young adults in accordance with the donor's instructions, 4. Hunger Relief. Helping provide 900 meals and snacks a day to children that were suffering from malnutrition. To provide good nutrition which is reflected in the growth of each child, good healthy defences against illness and the best possibility to nction well and optimise their learning. In addition, the provision of food to give hunger relief to needy mountain communities. 5. Medical Care. Provision of a nurse for the medical care of the Children's Vision children, and the obligatory approved software needed for the new medical unit. 6. Deuteronomy House. Funds granted towards the construction and remodeling of th Children's Vision's 5 children s home. A special house for boys between the ages
of 7 to 12. They will have the opportunity to OW up in a safe, caring and loving home where all their basic needs and much more will be provided for. 7. Utilities. Gas, Water, Electric, Telephone. Helping provide the basic needs for four children's homes and a school. 8. Transport and Vehicles. Grants for transportation costs. The vehicles are used for the transportation of the children for medical appointments, outings and educational purposes. Also, used for the transportation of donations that helped over 1,800 families around the city and beyond within the territory of Colombia. In addition, for the transportation of building materials purchased for the building project mentioned in (6). 9. IT improvements. Two antS for the significant improvement of the internet and IT infraslructure in the school, five children's homes and Blessings Building. l O. Gifts. Individual gifts made by sponsors for their sponsored children. Investment policy and performance The trustees choose to retain all sury)lus funds in liquid forni as cash at bank and to not make any longer-tenn investments to facilitate the easy transfer of nceded funds to Bob)ota. Reserves Policy The Trustees recognise the need to establish and maintain a level of reserves that enables financial stability, that meets the requirements of working capital and cushions against fluctuations of income levels and in the financial perforn)ance of the Trust. At 31. December 2024, the reserves of the charity amounted to £12,820 {2023 £47845), although this reserve includes specific grants awaiting allocation. The charity was unable to maintain the same reserve levels of 2023 due to the increased pressure to provide for the needs of the Children's Vision population, and the building purchase and remodeling. The trustees hope that some amount of reserves can be recovered in 2025. The trustees have no uncertainties in regard to the charity not continuing as a going concern. STRUCTURE, GOVERNANCE & MANAGEMENT Constitution The Charity was fomed under a Trust Deed dated 2 April 2008 and is governed by that Trust Deed. The charity is constituted as an unincory)orated charity. Recruitment & Appointment of Trustees Mr Richard D Sanderson and Miss Margaret R. Swift were founder trustees and the remainder of trustees were appointed by resolution of the trustees. Any future trustees will be appointed by resolution of the trustees.
Induction and Training of Trustees The process of induction and training of any ncw Trnstees would be under the personal guidance and supervision of the existing Trustees. At the time of induction, each trustee accepts and adopts the relevant trustee protocols Organisational Structure and Hoiv Decisions are Made The governance of the charity is by regular trustee meetings of which a ininimum of two are held each year. The day to day administration within the UK is undertaken by Mrs Christine M. Hodgson who acts as the charity Co-ordinator and Mr. David Hodgson who acts as Treasurer. Mr Richard D Sanderson, in addition to his role as trustee, acts as the General Director in Colombia and Principal Ambassador in reporting back to ihe Lharity sponsors in the UK and Ireland. Related Parties The administration of the Trust is undertaken autonomously, althougFh it works in support of the activities of Children's Vision Inteniational Inc, (CVII) which owns children's homes and a school in Bogiota, Colombia. Risk Assessment The Trustees recogynise their responsibilities and are committed to minimise all the risks that the Trust Inay face. The major risks to which the charity is exposed are identified by the Trustees in tenns of both probability and potential risk and are reviewed re&wlarly together with systems and procedures to manage those risks. The major risk of the Trust is that of ensuring that there is a continued flow of incomingi funds to continue to support the commitments of the charity in providing finance to help high risk children with particular focus on the work of CVII in Colombia. REFERENCE & ADMINISTRATION DETAILS Registration Number The Charity Commission registration number is 1124015 Address The contact address of the Charity is:. 71 Howard Street, North Shields, Tyne and Wear, NE30 IAF Trustees The trustees who served during the year and in office at the date of this report were as follows:_ Mr, Richard Douglas Sanderson, (Chair) Mrs. Christine Mary Hodgson, (Vice Chair) Miss Margaret Ruth Swift, (Secretary) Mr. David Hodgson, (Treasurer)
Trustee Changes All trustees have been in post throughout the year and there have been no changes in appointments during the period. Secretary Miss Margaret Swift has acted as Secretary throughout the year. Bankers Barclays Bank Plc, 49-51 Northumberland Street, Newcastle, Tyne and Wear, NE17AF Independent Examiner Nicholas J. Liley, BSc(Hons) FCA Chartered Accountant, 43 Burnside Road, Newcastle upon Tyne, NE3 2DU STATEMENT OF TRUSTEES, RESPONSIBILITIES Trustees 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 Accountingi Practice). The law applicable to charities in En&iland and Wales, the Charities Act 2011 and 2022, Charity (accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which gFive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparin those tinancial statements, the trustees are required to l ) select suitable accounting policies and apply them consistently. 2) observe the methods and principles in the Charity SORP. 3) make judgements and estimates that are reasonable and prudent; 4) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation. Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and 2022, and the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and h¢nce for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 10th October 2025 and sign¢d on its behalf by: RICHARD DOUGLAS SANDERSON Ichairl DAVID HODGSON [Treasurer] 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW HOPE FOR CHILDREN for the year ended 31 December 2024 I report to ihe charity trustees on my examinalion of the accounts of N¢w Hope for Children for the year ended 31 December 2024. Responsibilities and basis of report As ihe charily trnslees of the Trust, you are responsible for the preparation of the accounts in accordance with the requiremenls of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried oul under section 145 of the 2011 Acl and in carying out my examination I have followed all applicable Directions given by the Charity Commission under section 145{5}(b) of tlie Act. Independent examiner's statement The charity's gjross income exceeded £250.000 aiid l am qualified to undertake tlie examination by being) a qualified member of tlie Institute of Chartered Accounts in England and Wales. I have completed my examinalion. I confinn that no material matters have come lo my altention in connection with ilie examination which gFives me Cause to believe that, in any material respect: l. the accountinby records were not kept in accordance with section 130 of the Charites Act; or 2. the accounis did not accord with the accountingi records. or 3. the accounts did not comply with the applicable requirements concerning the forni and content of accounts set oul in the Charities (Accouiits and Reports) Regyulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an indep¢iident examinalion. 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. NICHOLAS J. LILEY, BSc(Hons), FCA Chartered Accountant 43 Burnside Road Newcastle upon Tyne NE3 2DU
NEW HOPE FOR CHILDREN sTATEMNT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 Year to.11 December 2024 Yegr to 31 December 2023 Unrestricted Restricted Tolal Unrestricted Restrlcted Total Funds Funds Funds Funds INCOME Donations ReLeived 157,256 8,680 165.936 126,809 42.121 168.930 Gift Aid R¢L'ovcrablc 13,820 795 14.615 11.797 2.760 14.557 Total Recelpt5 £ 171076 £ 180 551 £1.18 600 £44 881 £18J 487 EXPENDITURE Grants 10 CVII 147,4¥8 52.493 199.981 151,885 1,863 153,747 Suppon Fec ).600 1).600 9.600 9,600 Triivel Expenses 3.645 3,645 5.470 5.470 In.suranLL 599 599 582 582 Sundry Exp¢nsLs 135 135 Telcphon¢ 255 255 267 267 Compul¢r Expcnscs Pr()fLSSI()llÉil Feeg 401 401 265 2()5 270 270 Advertising & Publiiity 44 44 56 56 Bank Charge 353 353 505 505 Just Giving Fees 428 428 329 329 Total Pa)'ments 16.108.1 £ 52493 £215 576 169 094 £ 170 956 Net ineome 7.994 {43,018) (35.025) (30,487) 43,018 12,531 Funds Brought FOr'ard 4.602 43,243 47.845 35.089 225 35314 Funds Carrled ForwArd 225 £ 12820 £43 243 £ 47,845 The notes on page 14 forni part of these accounts 12
NEW HOPE FOR CHILDREN BALANCE SHEET as at 31 December 2024 ASSETS 2024 202.1 Cash Funds Charity Bank A¢¢ouni - Blirclays Bank UnreslriLied Funds 10,300 179 Resiri¢ied Fund 225 43,243 Endowment Funds Total CAsh Funds 10,525 43,422 Debtors Gift Aid Tax RLLoverablc £ 2,295 4.424 LIABILITIES CrLxlitors Total Funds Slgned, on behalf of all the Trustees:. RICHARD D SANDERSON DAVID HODGSON (Chair) (Tre05urer) Date of approval: 10th October 2025 The notes on page 14 forni part of these accounts IJ
NEW HOPE FOR CHILDREN NOTES TO THE ACCOUNTS Note l.- ACCOUNTING POLICIES (a) Basis of preparation The finaiicial slatements of the charity, which is a public benefit enlity under FRS 102, have been prepared in accordance wilh ihe Charities SORP (FRS102) "Accounting and Reporling by Charilies.. Statemenl of Recommended Praclice applicable to charities preparing iheir accounts in accordance wilh Ihe Financial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS102) effective l January 2015" Financial Reporting Siandard 102 "The Financial Reporting, Siandard applicable in the UK and Republic of Ireland" and the Charilies Act 201 l and 2022. The financial stalements have been prepared under Il)e historical cost convention. (b) Income recognition All income is recognised once the charity has entitlement lo the income, it is probable Ihal the income will be received, and the income receivable can be measured reliably. Donations are recoglnised when the charity has received the donation, or the charity has been nolified in writing of both the amount and settlement dale. The finai)cAal stalcments have beL'n prepared in accordance wilh ihe Stalemenls of Recominended Practice.. AccountingTr and Reporting by Charities (SORP 2005) issued in March 2005 and applicable UK Accountingv Standards and the Charities Act 2011 and 2022. (c) Expenditure Liabilities are recognised as expendilure as soon as ihere is a legal or conslruclive oblig)ation cominitting the cliarily lo thal expenditure, il is probable iliat a transfer of economic benefits will be required in seltlement and the amount of Ihe obligFation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classifled under headliigs and aggregate all cost related lo the calegory. Where costs cannot be directly atlributable lo particular headings they have been allocated to activities on a basis consistent with the use of the resources. (d) TAxation The charity is exempt from tax on ils charitable activities (e) Realised gains and losses There has been no realised gains or losses on inveslments during ihe year. Note 2- REMUNERATION No remuneralion has been paid to any of the Iruslees in their capacity as trustees. However, the sum of £9,600 has been paid as a support fee to Richard D. Sanderson in his role as the General Director in Colombia and Principal Ambassador in reporting back to the charity sponsors in the UK and Ireland.