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2021-12-31-accounts

Hope Home Trust

Report and Financial Statements

Year ended 31 December 2021

Charity number: 1126415

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Reference and AdministraEve informaEon

Trustees

A Bousfield, Chair H Shires, Treasurer P Mar6n

Registered Office

28 Highview Way, Brighton. BN1 8WS

Accountants

S J Pickup & Co., Chartered Accountants, Long Acre, Milton Street, Polegate. BN26 5RW

Bankers

CAF Bank Limited, 25 Kings Hill Ave, Kings Hill, West Malling ME19 4JQ

Contents

Trustees' report Independent Examiner’s Report Income and Expenditure Balance sheet

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HOPE HOME TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

The Trustees present their annual report for the year ended 31st December 2021 under the Chari6es Act 2011, together with the financial statements for the year, and confirm that the la\er comply with the requirements of the Act, the Trust Deed and the Chari6es SORP 2005.

Structure, Governance and Management

Governing document

The charity is governed by its Trust deed dated 7th October 2008.

OrganisaEon

A board of trustees of up to 5 members, who meet regularly and administer the charity.

ObjecEves and acEviEes

To advance in life and relieve the needs of orphaned children in Tanzania through the provision of homes, educa6on and Chris6an care. In par6cular, we aim to support the work of Hope Home, Moshi, Tanzania.

Achievements and performance

The trustees consider the profit achieved on ordinary ac6vi6es before taxa6on to be par6cularly sa6sfactory given the current economic climate.

Financial review

Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administra6on and support costs and to respond to emergency applica6ons for grants which arise from 6me to 6me. Unrestricted funds were maintained at this level throughout the year.

Grant making policy

This year the Charity awarded grants in excess of £42,910, all from unrestricted funds.

Plans for future periods

To con6nue to fund the day-to-day running of the children’s home and the educa6on of nursery and primary school children living on site.

To fund the on-site day-care centre including grants to meet the shoreall to subsidise lowincome families.

To support some needs of the older children in secondary educa6on.

AccounEng and reporEng responsibiliEes

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accoun6ng Standards (United Kingdom Generally Accepted Accoun6ng Prac6ce).

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The law applicable to chari6es in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applica6on of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accoun6ng records which disclose with reasonable accuracy at any 6me the financial posi6on of the charity and enable them to ensure that the financial statements comply with the Chari6es Act 2011, the Charity (Accounts and Reports) Regula6ons 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven6on and detec6on of fraud and other irregulari6es.

Chairman’s Report

In the goodness of God, since 2008 the Trust con6nues to advance in life and relieve the needs of orphaned children in Tanzania through the provision of homes, educa6on and Chris6an care. At the end of 2021, Esta, David & Eva and their staff at KITAA Hope Home Children’s Home, are working with 29 children with the support of grants we have made and 50 in Day Care.

General dona6ons of £20,954 were supplemented by some addi6onal fundraising leading to us achieving an income on the year of £27,840, when gim aid recovery comes into account and grants of £42,909 were made. This is unusually high - normally 4 grants a year are made, but this report includes a some grants that belong to a different year.

The Trust met in September and October 2021. Monthly reports came in from Kitaa outlining spending and general news, enabling adjustments to budget and provision of special and seasonal needs.

We noted this year with the re6rement of a financial partner to Kitaa Hope Home that future funding for the Day Care centre would need to be found or for it to be closed. We undertook to cover the ini6al costs of this going into Spring 2022 to be reviewed at our visit in February 2022. The financial implica6on of this could be significant for Hope Home Trust.

At our AGM in September Andy, Helen and Pippa were reappointed as trustees.

Three newsle\ers were produced in 2021. The Summer edi6on spoke of life in the new

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primary school Moshi Academy. The Autumn edi6on celebrated the achievement of our first pupil to complete A levels. In December we focussed on educa6on and the changes 2022 would bring to many students.

Approved by the trustees on 14/07/2022 signed on their behalf by: A Bousfield, Chair of Trustees

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HOPE HOME TRUST FOR THE YEAR ENDED 31ST DECEMBER 2020

I report on the accounts which are set out below

RespecEve responsibiliEes of the Trustees and examiner

The trustees are responsible for the prepara6on of the accounts. The trustees consider that an audit is not required for this year under sec6on 144(2) of the Chari6es Act 2011 (the 2011 Act) and that an independent examina6on is needed. It is my responsibility to:

Examine the accounts under sec6on 145 of the 2011 Act; follow the procedures laid down in the general direc6ons given by the Charity Commission (under sec6on 145(5)(b) of the 2011 Act); and state whether par6cular ma\ers have come to my a\en6on.

Basis of independent examiner's report

My examina6on was carried out in accordance with the General Direc6ons given by the Charity Commission. An examina6on includes a review of the accoun6ng records kept by the charity and a comparison of the accounts presented with those records. It also includes considera6on of any unusual items or disclosures in the accounts, and seeking explana6ons from you as trustees concerning any such ma\ers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those ma\ers set out in the statement below.

Independent examiner's statement

I have completed my examina6on. I confirm that no material ma\ers have come to my a\en6on in connec6on with the examina6on giving me cause to believe that in any material respect:

  1. accoun6ng records were not kept in respect of the charity as required by sec6on 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari6es (Accounts and Reports) Regula6ons 2008 other than any requirement that the accounts give a 'true and fair view' which is not a ma\er considered as part of an independent examina6on.

These accounts were prepared and signed by:

L Hughes

L Hughes, S J Pickup & Co.,

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Chartered Accountants, Long Acre, Milton Street, Polegate. BN26 5RW

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HOPE HOME TRUST

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31ST DECEMBER 2021

2021
£		 2020
£
Incoming receipts
Dona6ons
Legacy
Fundraising
Bank Interest
Gim Aid
Total Receipts
20,954
-
894
-
5,840
–––––––
27,688
–––––––		 20,141
32,957
777
-
1,864
–––––––
55,739
–––––––
Expenditure
Administra6on Costs
Schooling and Transport
Children & Staf Maintenance and Food
Total expenditure
Surplus / (Defcit) for the year
130
16,352
26,557
–––––––
43,045
–––––––
(15,357)
–––––––		 130
10,661
11,569
–––––––
22,360
–––––––
33,379
–––––––

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HOPE HOME TRUST

BALANCE SHEET

AT 31ST DECEMBER 2021

2021
2020
£
£
£
£		 2021
2020
£
£
£
£		 2021
2020
£
£
£
£
Monetary assets
Current assets
Bank Accounts
19,190
––––––
19,190
––––––
34,547
––––––
34,547
––––––
Net current assets
Total assets less current
liabiliEes
Net assets		 19,190
––––––
19,190
––––––
19,190
––––––		 34,547
––––––
34,547
––––––
34,547
––––––
General Fund:
Balance brought forward
Surplus / (Defcit) for the Year		 34,547
(15,357)		 1,168
(33,379)
Total funds at 31st December
2021		 34,547
––––––
19,190		 1,168
––––––
34,547

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––––––

––––––

Approved by the trustees on 14/7/2022 and signed on their behalf:

A Bousfield

A Bousfield, Chair of Trustees

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