## **ITHEMBA HOPE TRUST** **___________________________________** ## **REPORT & ACCOUNTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2020** **___________________________________** ## **ITHEMBA HOPE TRUST** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **LEGAL & ADMINISTRATIVE DETAILS** ADDRESS FOR CORRESPONDENCE 17 Elsenham Street London, SW18 5NU ## GOVERNING DOCUMENT Declaration of Trust dated 24 September 2010 Registered charity number 1137911 TRUSTEES C Tydeman A Watt K Bullough J Ogunseitan BANKERS HSBC plc ## INDEPENDENT EXAMINER Charles Tait Accounting Limited Highbury, 74 Woodside Road, Amersham, ## **INDEX** Page 2 Legal & Administrative Details Pages 3-5 Trustees' Report Page 6 Independent Examiner's Report Page 7 Receipts and Payments Account Page 8 Statement of Assets & Liabilities Page 9 Notes to the Accounts Page 2 ## **ITHEMBA HOPE TRUST** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** The Trustees have pleasure in submitting the Report and Accounts for the year. ## **Objects of the charity** iThemba is a Christian organisation. Its objectivess are designed to support the community, churches and people within the regions it operates. These objectives are as follows: 1) To advance the education of people in Africa, in particular those living in Sweetwaters, South Africa (the area of benefit), through the provision of educational facilities and materials and the provision of grants to other charities or organisations working to advance the education of people living in the area of benefit. 2) To act as a resource for children and young people living in the area of benefit by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: a. advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; - b. advancing education; - c. relieving unemployment; d. providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. 3) Such charitable purposes for the benefit of people living in the area of benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. ## **Government** ## **Structure, Governance and Management** During the past 3 years iThemba Hope Trust has registered as a Trust and as a charity limited by guarantee. The charity was registered on 31st August 2010. The Trustees are still in the process of firming up the trusts internal governance policies. These will be a key focus in the coming financial year. ## **Governing Document** The charity is governed by the Memorandum and Articles of Association. Taken together these documents set out the formal structure and organisation of the Charity, how it generally manages its affairs and how it will comply with the requirements of the Companies Act 1985 as a company limited by guarantee. ## **Review of Activities** In this period, Ithemba Hope Trust UK funded a number of projects that demonstrated its principles of Christian faith supporting local communities including mentoring, running clubs, teen camps and early childhood education programmes. These projects, including building of education establishments have developed the church, and its peoples, relationship with the community and how it demonstrates its commitment to the region of Sweetwater. Page 3 In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission in December 2008. ## **Financial Review** ## **Income** Donations received for the 2019/20 financial year totalled £27,399 - this was (£5,160) less than in 2018/19 £32,559. The main factors for this decrease were the reduced donations from Individuals (£10,556), Gift Aid (£4,875) and Events (£2,541) - as per Note 2. These reductions were partly offset by the additional income received from Trusts (£14,449). The reason for the reduction in Gift Aid was due to the fact that no claim was made in 2019/20. There were also no events that took place in 2019/20 which led to no income being raised in this area. A fundraiser was used by iThemba Projects in South Africa to investigate funding opportunities in the UK for South African projects. This resulted in £14,449 being received from Allan & Nesta Ferguson Charitable Trust. The cost of the fundraiser was about £570 and was covered by the portion of general costs sent as part of the grants to iThemba Projects (see below). ## **Expenditure** In 2019/20 expenditure decreased slighty by (£1,961) to £29,295 from £31,256 in 2018/19. This was mostly related to grants going from £30,000 to £29,000, while direct costs saw a decrease from £1,256 to £295. Grants of £29,000 were made to iThemba Projects in Sweetwaters, South Africa, with the majority going to the following projects: Mentoring (£6,542); Food Gardens (£14,105) and Covid-19 (£3,396). Part of the grants (£3,744) was towards general costs. The Food Gardens project seeks to address both nutritional issues and environmental education of children in Sweetwaters. While the Mentoring project focuses on children mentoring and teenager leadership development. The funds for Covid-19 were, amongst other things, for sustainable nutrition in Sweetwaters due to the issues caused by the pandemic. The direct costs were mainly for the payment of an independent examination (£210) due to the requirement of the Charitable Commission for all charities earning more than £25,000 in the year. The remainder related to bank charges and for online services. ## **Trustees' Responsibilities** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. Page 4 ## **Approval** This report was approved by the trustees on 21/10/2020 and signed on their behalf by: ## AG Watt ---------------------------------Andrew Watt - Treasurer Page 5 ## **ITHEMBA HOPE TRUST** ## **INDEPENDENT EXAMINER'S REPORT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** Independent examiner’s report to the trustees of iThemba HopeTrust I report to the trustees on my examination of the accounts of the iThemba Hope Trust (the Trust) for the year ended 30th September 2020. ## Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. Signed: Name: Charles Tait ACA, Charles Tait Accounting Limited Address: Highbury, 74 Woodside Road, Amersham, Buckinghamshire. HP6 6AN Date 27/10/2020 Page 6 ## **ITHEMBA HOPE TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** ||Notes|Unrestricted|Restricted|**2020**|2019| |---|---|---|---|---|---| |||General|Funds|**£**|£| |**Receipts**|||||| |_Voluntary receipts_|||||| |Grants and gifts received|2|1,841|25,557|**27,399**|27,684| |Tax refunds under Gift Aid||-||**-**|4,875| |_Other receipts_||1,841|25,557|**27,399**|32,559| |Interest received||-|-|**-**|-| |Other||-|-|**-**|-| |Total Receipts||1,841|25,557|**27,399**|32,559| |**Payments**|||||| |_Payments in furtherance of the church's objectives_|||||| |Direct costs|3|295|-|**295**|1,256| |Grants paid|4|3,744|25,256|**29,000**|30,000| |Total Payments||4,039|25,256|**29,295**|31,256| |Net Receipts/(Payments)||(2,198)|302|**(1,896)**|1,303| |before transfers|||||| |Transfers between funds||-|-|**-**|-| |**Net Movement in Funds**||(2,198)|302|**(1,896)**|1,303| |Balances at start of year||3,875|1,131|**5,006**|3,703| |**Balances at 30 September 2020**||1,677|1,433|**3,110**|5,006| The notes on page 9 form part of these accounts Page 7 ## **ITHEMBA HOPE TRUST** ## **STATEMENT OF ASSETS & LIABILITIES** ## **AS AT 30 SEPTEMBER 2020** ## **1. Bank & Cash Balances** |Held at Bank|**2020**
2019
**£**
£
**3,110**
5,006
**3,110**
5,006| |---|---| ## **2. Other Assets & Liabilities** _Assets_ Gift aid tax recovery not yet received (There is about £1,358 outstanding Gift Aid still to be recovered - this is based on the amount of donations from individuals for which the charity has the necessary details) ## _Liabilities_ Unbilled fee for Independent Examination (An independent examination needs to be completed due to the annual income for 2019/20 being over £25,000 - this will be expected to cost £210 based on the previous year) The accounts were approved by the trustees and signed on their behalf on 21/10/2020 by ## AG Watt ------------------------------------------------------------- Andrew Watt - Treasurer The notes on page 9 form part of these accounts Page 8 ## **ITHEMBA HOPE TRUST** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** ## **1. Accounting Policies** The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities. ## **2. Voluntary receipts** |**Source**
Individuals
Gift Aid
Churches
Trusts & foundations
Events
**3. Direct costs**
Support services
Bank charges
Independent examination
Other costs
**4. Grants Paid**
Institutions|**2019**
**2020**
**Variance -**
19,256 8,700
(10,556)
4,875 -
(4,875)
4,000 4,250
250
0 14,449
14,449
4,428 -
(4,428)
32,559
27,399
(5,160)
General
Restricted
**Total**
Total
Funds
Funds
**2020**
2019
£
£
**£**
£
28
-
**28**
1,187
57
-
**57**
-
210
-
**210**
-
-
-
**-**
69
295
-
**295**
1,256
3,744
25,256
**29,000**
30,000
3,744
25,256
**29,000**
30,000| |---|---| The grants to institutions were to iThemba Projects (South Africa). ## **5. Trustees** No amounts were paid or are payable to any trustee or to any person connected to them. ## **6. Movement of Restricted Funds** |**6. Movement of Restricted Funds**
_Project Funds_
Children mentoring and teenager leadership
Food gardens
Kid's camp
Christmas Hamper
Covid-19
Community Centre|**Balance at**
**Balance at**
**Oct 2019**
Receipts
Payments
Transfers
**Sept 2020**
**£**
£
£
£
**£**
**432**
6,885
(6,542)
**775**
**16**14,156
(14,105)
**67**
**375**480
(855)
**-**
**-**50
(50)
**-**
**-**3,936
(3,396)
**541**
**308**50
(308)
**50**
**1,131**25,557
(25,256) -**1,433**| |---|---| Page 9