Hope Home Trust
Report and Financial Statements
Year ended 31 December 2024
Charity number: 1126415
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Reference and Administrative information
Trustees
A Bousfield, Chair H Shires, Treasurer P Martin
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 2024
The Trustees present their annual report for the year ended 31st December 2024 under the Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.
Structure, Governance and Management
Governing document
The charity is governed by its Trust deed dated 7th October 2008.
Organisation
A board of trustees of up to 5 members, who meet regularly and administer the charity.
Objectives and activities
To advance in life and relieve the needs of orphaned children in Tanzania through the provision of homes, education and Christian care. In particular, we aim to support the work of Hope Home, Moshi, Tanzania.
Achievements and performance
The trustees consider the profit achieved on ordinary activities before taxation to be particularly satisfactory 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 administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
Grant making policy
This year the Charity awarded grants in excess of £56,009, all from unrestricted funds.
Plans for future periods
To continue to fund the day-to-day running of the children’s home and the education of nursery and primary school children living on site.
To fund the on-site day-care centre including grants to meet the shortfall to subsidise lowincome families.
To support some needs of the older children in secondary and tertiary education.
Accounting and reporting responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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The law applicable to charities 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 application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 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 prevention and detection of fraud and other irregularities.
Chairman’s Report
In the goodness of God, since 2008 the Trust continues to advance in life and relieve the needs of orphaned children in Tanzania through the provision of homes, education and Christian care. At the end of 2024, Esta, David & Eva and their staff at KITAA Hope Home Children’s Home, are working with 31 children with the support of grants we have made and up to 50 in Day Care Nursery.
Donations of £50,813 led to an income of the year of £59,123, taking into account additional gift aid, fundraising efforts and bank interest. Grants of £56,010 were made of a total expenses of £56.070. This represents an increase of income and expenditure and a surplus of £3,053 compared to the previous year’s deficit of £2,599. Declared operational costs of the Trust amount to 0.1% and this is covered by donations from the Trustees.
The Trust met in January, February, August, September and November 2024. 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. Quarterly reports from Kitaa Daycare outline news, income, expenditure and attendance.
A trip to Moshi took place in February with 6 of our supporters and 2 trustees, and some of these raised money through a sponsored run, the Kilimanjaro 5k and Kilimanjaro halfmarathon. A coffee morning fundraiser was hosted by a trustee in June, and a plant morning fundraiser by a supporter. With gratitude to all our supporters the challenging undertaking of financial provision for Kitaa Home & Education, and Kitaa Daycare continues to be manageable.
We started to use Mailchimp for our quarterly newsletters. Four newsletters were produced in 2024. The Spring edition celebrated the successful trip to Moshi. The Summer edition shared news of potential future University students. In the Autumn issue we celebrated educational achievements. And in the Winter edition thanked our supporters for all they are helping us achieve.
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In the coming year we will review our policies and agreements in place with Hope Home to report to Charities Commission.
At our AGM in August, Andy, Helen and Pippa were reappointed as trustees. I thank them and our kind accountant for all their hard work in 2024.
Approved by the trustees on 08.07.2025
Signed on their behalf by:
A Bousfield
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 2024
I report on the accounts which are set out below
Respective responsibilities of the Trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. 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 matters set out in the statement below.
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 cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
These accounts were prepared and signed by:
L Hughes
L Hughes, S J Pickup & Co., 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 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Incoming receipts | ||
| Donations | 50,813 | 32,893 |
| Fundraising | 3,447 | 729 |
| Interest | 36 | 31 |
| Gift Aid | 4,827 | 4,496 |
| ––––––– | ––––––– | |
| Total Receipts | 59,123 | 36,869 |
| ––––––– | ––––––– | |
| Expenditure | ||
| Administration Costs | 60 | 60 |
| Schooling and Transport | 20,529 | 17,473 |
| Children & Staff Maintenance and Food | 34,481 | 22,215 |
| Grants for Managers | 1,000 | 1,000 |
| ––––––– | ––––––– | |
| Total expenditure | 56,070 | 44,714 |
| ––––––– | ––––––– | |
| Surplus / (Deficit) for the year | 3,053 | (2,599) |
| ––––––– | ––––––– |
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HOPE HOME TRUST
BALANCE SHEET
AT 31ST DECEMBER 2024
| Monetary assets Current assets Bank Accounts Net current assets Total assets less current liabilities Net assets General Fund: Balance brought forward Surplus / (Deficit) for the Year Total funds at 31 December 2023 |
2024 £ £ 11,799 –––––– 11,799 –––––– 11,799 –––––– 11,799 –––––– 11,799 –––––– 8,746 3,053 11,799 –––––– 11,799 –––––– |
2023 £ £ 8,746 –––––– 8,746 –––––– 8,746 –––––– 8,746 –––––– 8,746 –––––– 11,345 (2,599) 8,746 –––––– 8,746 –––––– |
|---|---|---|
Approved by the trustees on 08.07.2025 and signed on their behalf:
A Bousfield
A Bousfield, Chair of Trustees
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