YHandinHand HANDinHAND ETHIOPIA . ANNUAL REPORT MARCH 2024 The year to March 2024 h&8 been another successful year for HandinHand Ethiopia. The number of childrcn on the sponsorship schcmc is around 245. Financially, HandinHand Ethiopia rcmains in a strong position. Total inconie for the ycar amounted to £42.8?4.09 with total expenditure of £54,9?6.50 giving a planned deficit for the year of £12,102.41. Total funds at the end of the financial year amounted to £20,996.75. With the Ethiopian government now providing free education for all children, and then introducing free school meals for kindergarten and primary school children, the Project has decided tha( every Lhild/¥uard ianlfamily will gct a food supply every month. The sponsorcd childr¢n will continue to receive the full benefit of the monthly £12.50 sponsorship. Any fund5 left over from changes to the food support will be spent on each child and towards pwchasing underwear, clothes and sho¢s. In early 2024 a paymcnt uf £5,500.00 was madc fur thc purLhase of slioes for illl cliildren on the project. Thc TNsieeb plan gradu4111y to wind down the H1dinHand project over the next four y¢ars to 2028. The abovc-mentioned chwigcs within Ethiopia itself mean that the charity's original aims to provide food and an education for children affected by HIV/Aids - are now being fulfilled. In addilional, thc Projcct itsclf was ncvcr mcdnt to bc opcn-cndcd - its aim was dlways to support thc EthiOpiks in that Part of Addis to bccomc sclf-sufficicnt. In total, the Project will have worked in Addis for 20 years by the time 2028 is reached. As a consequence, no new children will bc taken on for sponsorship, but all currcnt children will be catered for until they finish their education andlor tind employment. It is anticipated that sponsors in th¢ UK will continu¢ supporting thcir individual children until they ¢ith¢r fmish school or start work. Plans arc in place to .gupport the staff working on the Project &$ they leave to find new opportunities. There has not been a visit to Addis Ababa by sponsors since October 2018, rnainly duc to covid and increased security conccrns, but rc&Jular contacl is mainlaincd with ihc local workcrs on the project. Report Prepared By . Suzanne Gamble (Chair Of Trustees) 31107124 HandinHand Ethiopia ReEl%tered Ch*rlty Number . 1133055 Reglstered Office . 40 Klngs RuAd, FlltThlek, Bedt'ordsblre,.MK45 1 EL E-mall . infoCa,handinhandethlopia.org
HAND IN HAND ETHK)PIA INC AND EXPENDMJRE STATEMEKf FOR ThE YEAR ENDED 31 PIARCH 2024 Year 31 Marth 2024 Year to 31 March INCOI Child Spon8orshry) 35,ya4.83 36.488.34 8.487.W2 6.840.IXI 1,380.00 5,940.IXI 1.480.00 Othér Donations Sundry In(xJrne Tolal Incorno 42.824J 53.19528 Salarw and Offirx fv4lmini8lration Bank Charg88 9.878.00 111.00 12840.00 279.tY) 0.00 Sundry Expenditure Totsl Exp•ndltur• 1.000.00 64,928AO 69.9XOO EXCESS I DEFEcrr OF INCOME OVER EXPENDITURE 1121IYL41) 33099.16 39811.80 CLOSING BALANCE AT 31103r24 131103123 20998.76 33099.16
HAND IN HAND ETHIOPIA STATEMENT OF ASSEf8 AND UABIUTIES AT 31 MARCH 2024 A8at 31 March 2023 31 March 2024 Barclays CurrentAccx)unt 75 33099.16 UA8IUTIE8 No kn¢yhn liabTI rti88
I hav6 complèted my axam1naiOn. I confinn that no materfal matters have come to my attentlon In connectlon with the examinatlon which giv8s mè cau89 to believe that in any malartal rnspèct: l accountlng record8 wets not kept in acconlanc8 wlth sectlon 130 01 the Act: or I the accounts do not accord wlth the accountlng records I have no ¢on¢om8 and have corne across no other matters In ¢onne¢tlon wlth the examlnatlon to which attentlon should drawn In order to 8n8ble a proper understsndlng of tho accounts to be rnoched. Slgnature: Date.. Name and Address.. Paul 7bll•y 10 Qlad8ton• Clo•• Al•wport Pagnl Bucks MK18 OEU