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2022-12-31-accounts

Hope Home Trust

Report and Financial Statements

Year ended 31 December 2022

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 2022

The Trustees present their annual report for the year ended 31st December 2022 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 £44,633, 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 2022, Esta, David & Eva and their staff at KITAA Hope Home Children’s Home, are working with 30 children with the support of grants we have made and 50 children in Day Care.

General dona6ons of £30,564 led to an income of the year of £36,869, taking into account gim aid, other fundraising and bank interest, and grants of £44,633 were made of a total expenses of £44,714. This represents an increase in grants as Kitaa Daycare costs are now borne by the Trust. Opera6ons costs of the Trust amount to 0.2% and this is covered by dona6ons from the Trustees.

The Trust met in July, September and November 2022. Monthly reports came in from Kitaa outlining spending and general news, enabling the Trust to make adjustments to budget and provision of special and seasonal needs.

With gra6tude to all our supporters the challenging undertaking of financial provision for Day Care has been successful, and remains a challenge going forward.

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

Three newsle\ers were produced in 2022. The March edi6on updated supporters with news of the Trustees visit to Moshi in February 2022. The Summer edi6on celebrated A level

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successes and good school reports. In December we focussed on educa6on and the visits that take place to family members to support the long term grounding of the children.

Approved by the trustees on 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 2022

2022
2021
£
£
Incoming receipts
Dona6ons
Fundraising
Interest
Gim Aid
–
Total Receipts
30,564
20,954
67
894
262
-
5,976
5,840
––––––
–––––––
36,869
27,688
–––––––
–––––––
Expenditure
Administra6on Costs
Gims and expenses for children
Schooling and Transport
Children & Staf Maintenance and Food
Grants for Managers
–
Total expenditure
–
Defcit for the year
81
136
931
-
16,649
16,352
25,960
26,557
1,093
-
––––––
–––––––
44,714
43,045
––––––
–––––––
(7,845)
(15,357)
–––––––
–––––––

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HOPE HOME TRUST

BALANCE SHEET

AT 31ST DECEMBER 2022

2022
2021
£
£
£
£		 2022
2021
£
£
£
£		 2022
2021
£
£
£
£
Monetary assets
Current assets
Bank Accounts
11,345
––––––
11,345
––––––
19,190
––––––
19,190
––––––
Net current assets
Total assets less current
liabiliEes
Net assets		 11,345
––––––
11,345
––––––
11,345
––––––		 19,190
––––––
19,190
––––––
19,190
––––––
General Fund:
Balance brought forward
Defcit for the Year		 19,190
(7,845)		 34,547
(15,357)
Total funds ––––––
11,345
––––––		 ––––––
19,190
––––––

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Approved by the trustees on and signed on their behalf:

A Bousfield

A Bousfield, Chair of Trustees

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