Registered Number: 06552033 (England and Wales)
HOPE THROUGH ACTION (A Company Limited by Guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Index to Financial Statements For the Year Ended 5 April 2022
| Page | |
|---|---|
| Company Information | 1 |
| Trustees’ Report | 2 - 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 13 |
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Company Information For the Year Ended 5 April 2022
| TRUSTEES: | P J Bland |
|---|---|
| P R Thompson | |
| S Randall | |
| J H Erasmus | |
| SECRETARY: | Oakwood Corporate Secretary Limited |
| REGISTERED OFFICE: | 15 Grassfield Way |
| Knutsford | |
| Cheshire | |
| WA16 9AF | |
| CHARITY NUMBER: | 1125698 |
| REGISTERED NUMBER: | 06552033 |
| ACCOUNTANTS: | RSM UK Tax and Accounting Limited |
| One City Place | |
| Queens Road | |
| Chester | |
| Cheshire | |
| CH1 3BQ | |
| INDEPENDENT EXAMINER: | RSM UK Tax and Accounting Limited |
| One City Place | |
| Queens Road | |
| Chester | |
| Cheshire | |
| CH1 3BQ | |
| BANKERS: | CAF Bank Limited |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent | |
| ME19 4JQ |
1
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Trustees’ Report for the Year Ended 5 April 2022
The Trustees submit their report and unaudited financial statements for the year ended 5 April 2022.
Legal and administrative information set out on page 1 forms part of this report.
Trustees
The Trustees who served during the year and to the date of this report were:
P J Bland P R Thompson S Randall J H Erasmus (appointed 22 March 2022)
Structure, Governance and Management
The organisation is a charitable company limited by guarantee (06552033), incorporated on 1 April 2008 and registered as a charity (1125698) on 3 September 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The day to day running of the charity is managed by the trustees.
Recruitment and Appointment
The directors of the company are also charity trustees for the purposes of charity law. Trustees are appointed by a resolution of the trustees passed at a special meeting. The minimum number of trustees is 3. Trustees are skilled to carry out their duties and responsibilities. If, however, further training is required then it will be provided.
Principal Objectives and Activities of the Charity
The company’s objects and principal activities are:
-
Through advancing education, relieving poverty and sickness and preserving and protecting the good health of people in Africa (and in particular, but not exclusively, in South Africa).
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Advancing in life and relieving the needs of young people by:
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Providing an indoor stadium(s) and playing fields primarily (although not exclusively) to help enable young people in the area of benefit to break out of the cycle of poverty, ill health, crime, drug abuse and marginalisation.
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The provision of other recreational and leisure time activities provided in the interests of social welfare, designed to improve their conditions of life.
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Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
Public benefit
The trustees confirm that they have referred to the guidance contained in the charity commission’s general guidance in public benefit when reviewing the trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.
Grant making policy
-
Grants will only be made from the funds of Hope Through Action (HTA) to organisations whose objectives align with those of HTA;
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Occasionally it will be appropriate to make grants to individuals for specific project/activities. Any such grants will only be paid into recognised bank accounts and for defined purposes;
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Grants will not be made to political parties or to individuals for political purposes;
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Wherever possible feedback should be requested and provided from the recipient to demonstrate, evidentially, the outcomes achieved against those agreed prior to the grant being made.
2
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Trustees’ Report for the Year Ended 5 April 2022
Achievements and Performance
In this period the charity has raised a total of £160,630, and has expenses amounting to £93,921, of which £86,440 was granted to the Hope Through Action Foundation (SA) a Section 21 company based in South Africa. A formal Memorandum of Understanding has been established between the charity and the foundation in South Africa. This South African based organisation is the legal owner of facilities built in order to achieve the objectives of the charity.
The grants made towards the work in South Africa have enabled significant progress to be made in bringing about positive change in the lives of young people and their community.
The foundation in South Africa now operates, either directly or via partners, three community sports centres and two schools. The construction of a Learning Development Centre was completed this year and is being equipped with computers, teaching aids, books and other materials. The communities in which the charity have the privilege of working are becoming increasingly violent and unsafe places for children and young people. The centres are safe havens for young people to develop and grow.
The charity is conscious of its responsibilities to protect the children and young people with whom the charity, and partners, work. The charity has therefore continued to review its safeguarding policies and procedures.
The Trustees of the foundation continue to work with SCORE (Sports Coaching Outreach) as a local partner to run the centres and deliver the six key programmes i.e. health, welfare, education, leadership, business development and sports excellence. Programmes in the centres are aimed at helping young people develop physically, emotionally, intellectually and spiritually.
The COVID pandemic created many challenges for the communities in which we work with an increase of isolation, anxiety, violence, and abuse. Many children and young people have lost a significant period of formal education. We have partnered with Western Cape Education and local NGOs to develop and implement the @HomeLearning Programme. This is designed to support learners both at school, and in their homes, through structured interventions by trained “inters”. The interns are young people who have completed their formal education but have not yet gone onto employment or further education. We took the lead partner role in a pilot programme which has now been extended to include several schools across the region.
Our centres and schools are now fully open after the pandemic and we continue to keep in touch with many vulnerable young people and their families.
The grants made from Hope Through Action have ensured that the objectives of the charity continue to be met.
There are both common and independent trustees in these two organisations to ensure appropriate governance and risk management.
The Trustees wish to recognise the contribution made by volunteers in helping to achieve the charities objectives.
Financial Review
There were net incoming resources for the year of £66,709 (2021: £2,251) with retained funds of £76,730 (2021: £10,021) at the year end. The net income increased in the year due to increased donations received, however there was a reduction in expenditure as due to the Covid-19 pandemic halting any trips to visit South Africa over the last two years, there was a tail off of planned expenditure resulting in lower costs incurred in 2022. The debtor balance of £9,025 (2021: £9,038) represents the gift aid debtor that the Charity had claimed but not yet received for donations made to them in the year. The cash at bank and in hand figure remained steady at year end of £72,745 (2021: £7,234). The creditors balance of £5,040 (2021: £6,251) represents accrued accountancy and independent examination fees not yet paid.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The main risk to the charity would be a reduction in donations received.
3
HOPE THROUGH AcfEON (A CompaDy Limit¢d by Guarnlltse) Trustcu, Report for the Year Ettded S Aprll 2022 Reseryes Pollty The trlee8 consider that the most appropriate l¢v¢l of free reserves in th¢ long tenn is £5.IK)O. The res¢rv¢s held at the balance sh¢¢t d¢ are sufficient at present to ellable the charity to o¢hi¢ve its objectives. Cbarltles Futhrt Developments The fows for the Trustees in th¢ next p¢riod is to secure suffi¢ient fund5 to Sustain the lon8 terni operntion of the South African aetivities and to allow the local tearn to respond to new challenges and commutiity needs. It is not ¢nvisaged that there will b¢ the requirem¢nt for signifJ¢ant ¢apits] fIding &s the approach is to concentrate on buildiDg effectiv¢ develOptt programme8 at the existing fa¢ilitie5. Tru5tees' ResponbIll*l¢S The trust¢f5 (who are a]so directors of Hope Through Action for th¢ purp)ses of company Jaw} are respon$ibl¢ for preparing the Trustees, Report alld the finarlcial stst¢ments in accordatlce with applicabl¢ law 8lld United Kingdom A¢¢ouniing Stalldards IUnit¢d Kingdo]n Generally Accepted Accoujting Pra¢tirt). CompaDy jaw requires the tntsÈees to prepare financial sta¢ements for each financial year wh2¢h give a true and fair view of the state of affairs of th¢ ¢h&ritable company and of th¢ incoming resources and application of resoufces. including the ineome atml expenditure. of the cbaritable company for that peri. In w¢parin8 these fmaneia statemeots, th¢ trustees arezequired to: sel¢¢t 5Uitabl¢ accountin8 policies th¢D apply them consistently. obsetvt the methods aud priDciples io the Chatities SORP. make jud8m¢nts and ¢5tinMt¢s that are reasonable and pnthn¢' St whether applÉcable accoulltitig standards h4ve b¢en followed. subjectto sny material depart di5G105ed and explained in th¢ fi]w)¢tal 5t4lrEn¢nW and pr¢p the financial statements oll the going ¢onrern basis vnle&s it is inappropriate to presume tbai th¢ charitable company will continu¢ in busiAtsS. The tru8tee5 ar¢Tesponsible for keeping proper accounting records that disclose with reasollable accurdcy at any time the financial posititsll of the cbaEitsble cornpany and ¢nabl¢ th lo ell5u ttmt tbe fiDancial statements comply with the CoJxhpani¢5 Act 2006. Thcy are also respot)sible foE 5&feguardFng the 855¢ts of the eharitsble company attd henc¢ foi tskiug reasonable steps for tbe pr¢v¢ntion ond d¢t¢ctiott of fraud and other iEregularitie& The8¢ a¢¢owIts pr¢pared in accordallce with the provisions app}ible to ¢omp&tii¢5' 5ubje¢t to the 5nJall companies, regime. ON BEHALF OF THE BOARD P J Blattd Date: .
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOPE THROUGH ACTION
I report to the trustees on my examination of the financial statements of Hope Through Action (‘the company’) for the year ended 5 April 2022, which are set out on pages 6 to 13.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anna Spencer-Gray
Name: Anna Spencer-Gray
Name of applicable listed body: The Institute of Chartered Accountants in England and Wales
Relevant professional qualification or body: Chartered Accountant
ON BEHALF OF RSM UK TAX AND ACCOUNTING LIMITED
Chartered Accountants One City Place Queens Road Chester Cheshire CH1 3BQ 24/01/23 Date: …………………
5
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 5 April 2022
| Unrestricted Restricted | Unrestricted Restricted | Total |
Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS: | |||||
| Donations and legacies | 3 | 148,414 | 12,216 | 160,630 | 123,446 |
| Investment Income | - | - |
- | 1 |
|
| __ | __ | __ | __ | ||
| TOTAL INCOME | 148,414 | 12,216 | 160,630 | 123,447 | |
| __ | __ | __ | __ | ||
| EXPENDITURE | |||||
| Expenditure on Charitable Activities | |||||
| Grants for the Provision of Sports Facilities | 4 | 81,765 | 12,156 | 93,921 | 121,196 |
| __ | __ | __ | __ | ||
| TOTAL EXPENDITURE | 81,765 | 12,156 | 93,921 | 121,196 | |
| __ | __ | __ | __ | ||
| INCOME BEFORE TRANSFERS | 66,649 | 60 | 66,709 | 2,251 | |
| TRANSFERS | 60 | (60) | - | - |
|
| __ | __ | __ | __ | ||
| NET MOVEMENT IN FUNDS | |||||
| FOR THE YEAR | 66,709 | - | 66,709 | 2,251 | |
| TOTAL FUNDS BROUGHT FORWARD | 10,021 | - | 10,021 | 7,770 | |
| __ | __ | __ | __ | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD |
12 | 76,730 | - | 76,730 | 10,021 |
| ======= | ======= | ======= | ======= |
The company has no recognised gains or losses other than as stated in the Statement of Financial Activities.
6
HOPE THROUGH ACTION (A Company Llmiled by GuArantee) Bllxnce Sheet as at 5 April 2022 Reglstered Numb¢r: IJ6552O33 (England AThd Wxies) 2022 2021 Notes Current Assets Debtors Cash at bank and in hand io 9,025 72.745 9,038 7234 Totsl eurrellt *ssets 81,770 16,272 Credfttors: Amounts falling due within one year li (5,040) (6,251) Net Current Assets 76.730 10,021 Total Assets Les8 Current IAabfiiitles 76,730 10.021 CHARITABLE FUI4DS R¢$tsi¢t¢d Funds U1¢StrIcted Funds 12 12 76,730 10,021 TOTAL FUNDS 76,730 10,021 Forthe yearettdeit 5 Awl 2022 thecompanywasentitled to ¢x¢mptionfromotsditund¢rS¢¥tion477 ofthecornpames Act 2006 relating to small eompaDieg. The members bav¢ uot requir the company to obtain att audit of its finatictal stAte1Trttts for th¢ y¢#r rnded 5 April 2022 in a¢cord8nce with Section476. The diTectors acknowledge thetr responsibi]ities for complyin8 with the requitr of the A¢t with resF¢Ct to ac¢ounting recor& and the preparation of fJtw)ciai stai¢m¢nts. These accounts are prepared in aceorthce with tht provisions applicable to ¢omp2nies' subject to the compani¢s' rewie. The financial statements w¢r¢ appwv¢d by th¢ TTU5t¢% andthOriS¢d for is5¢ on. . . on their behalf by: .. and w¢xe 818tted P J Bland Direetor
HOPE THROUGH ACTION
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
1. Accounting Policies
The following accounting policies have been applied consistently regarding items considered material to the accounts.
a) Company information
Hope Through Action is a private company limited by guarantee incorporated in England and Wales. The registered office is 15 Grassfield Way, Knutsford, Cheshire, WA16 9AF.
b) Accounting convention
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Hope Through Action meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
c) Going concern basis of preparation
The Trustees have considered transactions that are anticipated to take place in the foreseeable future and have concluded that no additional financial resources will be required. On this basis the Trustees have concluded that adopting the going concern basis of accounting in preparing the annual financial statements is appropriate. The Trustees will only commit to expenditure when the funds are available to do so.
d) Incoming resources
Donations
Donations are credited to the statement of financial activities once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value can be measured with sufficient reliability. Income from events are credited to the statement of financial activities at the time the event takes place and income is certain.
Interest receivable
Interest received is credited to the statement of financial activities when received.
8
HOPE THROUGH ACTION
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
1. Accounting Policies – continued
e) Resources expended
- Resources expended are included in the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Expenditure on charitable activities includes grants made and a proportion of overhead and support costs.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity. Grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Charity.
Governance costs are related to the governance of the charity, such as trustees’ expenses.
f) Fund accounting
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Funds held by the charity are either:
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Unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the trustees;
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Restricted funds which can only be used for a particular restricted purpose within the
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charitable objectives. The nature and purpose of each restricted fund is included in note 12 to the financial statements.
g) Foreign currencies
- Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the statement of financial activities.
h) Donations in Kind
The charity received support from many organisations throughout the year. The trustees believe that the value of this support is not quantifiable and measurable or material to disclose within the accounts.
i) Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102, in full, to all of its financial instruments.
Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument and are offset only when the Charity currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
j) Financial assets
Other debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.
9
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
k) Financial liabilities
Financial instruments are classified as liabilities according to the substance of the contractual arrangements entered into.
Other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
2. Critical accounting estimates and judgements
The trustees believe that estimates and assumptions do not have a significant risk of causing a material difference to the carrying amounts of assets and liabilities within the next financial year.
3. Donations
| 3. | Donations | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total |
Total | |||||
| Funds | Funds | 2022 | 2021 | |||||
| £ | £ | £ | £ | |||||
| Donations | 139,272 | 11,612 | 150,884 | 112,489 | ||||
| Gift aid | 9,142 | 604 | 9,746 | 10,957 | ||||
| __ | __ | __ | __ | |||||
| 148,414 | 12,216 | 160,630 | 123,446 | |||||
| ======= | ======= | ======= | ======= | |||||
| Of the £123,446 received | in 2021 £22,891 was restricted and £100,555 was | unrestricted. | ||||||
| 4. | Analysis of expenditure | on charitable activities | ||||||
| Grant funded | Support Costs | Total | Total | |||||
| Activities | (Note | 5) | 2022 | 2021 | ||||
| Unrestricted Restricted Unrestricted | Restricted | |||||||
| £ £ |
£ | £ | £ | £ | ||||
| Charitable Activities: | ||||||||
| Grants for the Provision | 74,500 12,156 | 3,641 | - | 90,297 | 118,280 | |||
| of Sporting Facilities | ||||||||
| Governance costs |
- - | 3,624 | - | 3,624 | 2,916 | |||
| _ _ | _ _ | _ _ | ||||||
| 74,500 12,156 | 7,265 | - | 93,921 121,196 |
|||||
| ======= ======= | ======= ======= | ======= ======= |
The charity undertakes its charitable activities through making all grants to Hope Through Action Foundation, a Section 21 charitable company registered in South Africa.
Of the £121,196 expensed in 2021 £20,101 was restricted and £101,095 was unrestricted.
10
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
5. Support Cost Breakdown by Activity
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Charitable|Total|Total|
|Activities|Governance|2022|2021|
|Unrestricted Restricted|
|£|£|£|£|£|
|Website design and evaluation 571 - - 571 511|
|Management 255 -|962 1,217|1,029|
|Finance 2,815|- 2,662 5,477 4,236|
|_|_ _ _ __|
|3,641|-|3,624|7,265|5,776|
|=======|======= ======= ======= =======|
----- End of picture text -----
6. Net expenditure for the year is stated after charging:
----- Start of picture text -----
|||
|---|---|
|Total|Total|
|2022|2021|
|£|£|
|Independent examiners fee 2,640|2,460|
|Accountancy 2,400|1,380|
|_|_|
|5,040|3,840|
----- End of picture text -----
7. Trustees’ remuneration and expenses
The Trustees received no remuneration in the period.
Included within support costs, is an amount of £571 (2021: £531) relating to £Nil (2021: £20) on travel expenses, £144 (2021: £169) on subscriptions and £427 (2021: £342) on website charges, which were incurred by one trustee as part of their role as charity trustees.
8. Staff Numbers and Costs
The charity has no employees and no staff costs were incurred during the year (2021: £Nil).
9. Taxation
The charity is exempt from tax on income and gains falling within Part 11 of the Corporation Taxes Act 2010 or section 256 of the Taxation of Charitable Gains Act 1992 to the extent that these are applied to its charitable objects.
11
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
10. Debtors
| 10. | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Gift Aid | 9,025 | 9,038 | |
| _ | __ | ||
| 9,025 | 9,038 | ||
| ======= | ======= | ||
| 11. | Creditors amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals | 5,040 | 6,251 | |
| Other creditors | - | - | |
| _ | __ | ||
| 5,040 | 6,251 | ||
| ======= | ====== |
12. Analysis of Charitable Funds
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| 05.04.21 | Income | Expenditure | Transfers | 05.04.22 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | - | 12,216 | (12,156) | (60) | - |
| Unrestricted Funds | 10,021 | 148,414 | (81,765) | 60 | 76,730 |
| __ | __ | __ | __ | __ | |
| Total Funds | 10,021 | 160,630 | (93,921) | - | 76,730 |
| ======= | ======= | ======= | ======= | ======= | |
| Balance at | Balance at | ||||
| 05.04.20 | Income | Expenditure | Transfers | 05.04.21 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | - | 20,123 | (20,101) | (22) | - |
| Unrestricted Funds | 7,770 | 103,324 | (101,095) | 22 | 10,021 |
| __ | __ | __ | __ | __ | |
| Total Funds | 7,770 | 123,447 | (121,196) | - | 10,021 |
| ======= | ======= | ======= | ======= | ======= |
Restricted Funds relate to donations held in respect of the Nompumelelo, Sponsor a child and other small projects.
The transfer between funds of £60 is in relation to overspends on restricted funds (2021: £22).
12
HOPE THROUGH ACTION (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 5 April 2022
13. Analysis of Assets Between Funds
| Unrestricted | Restricted | ||
|---|---|---|---|
| Funds | Funds | Total | |
| At 5 April 2022 | £ | £ | £ |
| Current Assets | 81,770 | - |
81,770 |
| Current Liabilities | (5,040) | - | (5,040) |
| __ | __ | __ | |
| Total Net Assets | 76,730 | - | 76,730 |
| ======= | ======= | ======= | |
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| At 5 April 2021 | £ | £ | £ |
| Current Assets | 16,272 | - |
16,272 |
| Current Liabilities | (6,251) | - | (6,251) |
| __ | __ | __ | |
| Total Net Assets | 10,021 | - | 10,021 |
| ======= | ======= | ====== |
14. Guarantee Company and Liability of Members
Hope Through Action is a company limited by guarantee and therefore does not have any share capital.
The liability of members is limited. In the event of the company being wound up during a member’s period of membership or within 12 months afterwards, an amount not exceeding £1 will be required towards the costs of dissolution and the liabilities incurred by the Charity before the membership ceased. There were 4 members at the balance sheet date.
15. Financial Period
These financial statements cover the year ended 5 April 2022. The Trustees have selected 5 April as the most appropriate date for preparing financial statements.
16. Related Party Transactions
Hope Through Action Foundation, a charitable company registered in South Africa, is related to the Charity through Mr P J Bland, who is a Trustees of both charities. During the year the Charity made grants to Hope Through Action Foundation of £86,440 (2021: £118,050). No balances remain outstanding at 5 April 2022 (2021: £Nil).
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