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← Sub-Saharan Children's Hope Trust

2024-03-31-accounts

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

Registered number: 07556656 Charity number: 1144677

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 17

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Linda Raabe-Marjot, Chair
Henry Chitsenga, Trustee
Judith M Williams, Trustee
Takura Chitsenga, Trustee
Company registered
number
07556656
Charity registered
number
1144677
Registered office
St Edward's Oxford
Woodstock Road
Oxford
Oxfordshire
OX2 7NN
Company secretary
Henry Chitsenga
Chief executive officer
Linda Raabe-Marjot
Accountants
Wellers
8 King Edward Street
Oxford
Oxfordshire
OX1 4HL

Page 1

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The prevention or relief of poverty and financial hardship in Sub-Saharan countries by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to live and generate a sustainable income and be self -sufficient. In particular:

  1. Sponsorship of 13 students through sixth form education at Bumhira High School in Zimbabwe, and a further 5 through University. The Bumhira Project has a single benefactor who has formed The Benjamin Trust fund for this purpose

  2. Supporting specific building and school equipment projects at Nyanga North High School in Zimbabwe

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

  1. The charity has funded 12 students (from disadvantaged backgrounds) through 2 years of 6th form study at Bumhira High School. Every student passed all their A levels which is a fantastic achievement.

  2. We have rented, refurbished and updated two boarding houses one for boys and one for girls who live too far from the school to travel each day.

  3. We have paid for the students uniform, food, stationary, extra tuition/revision sessions, text books, WIFI, laptops and phones toiletries and pocket money.

  4. At Nyanga North, we have financed a container from the UK with donations of books, uniforms, classroom furniture and other educational equipment.

c. Volunteers

The 4 Trustees of the charities as well as all contacts who help us in Zimbabwe are all volunteers who help to identify, support and monitor the educational projects in Zimbabwe.

d. Main activities undertaken to further the Charity's purposes for the public benefit

All the activities of the charity are based in Zimbabwe where all monies are used for the benefit of Zimbabwean young people.

Page 2

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

a. Main achievements of the Charity

Bumhira School

Nyangs North High School (NNHS)

• The container was released and transported to the site. This has been extremely challenging at every step. Bureaucratic challenges at every stage and weather challenges transporting heavy container on dirt roads on steep inclines. These challenges have additional charges and currency fluctuations made these charges even more difficult to predict. However, the container is now in situ on the NNHS site. A real achievement.

b. Review of activities

The Trustees are satisfied that funds have been well used to achieve our objectives and that these have been successfully met despite challenges, in particular with the purchase, shipping and delivery of the container for Nyanga.

The economic / political instability and inflation in Zimbabwe makes budgeting difficult especially for the students’ school and university fees and also in terms of the purchase of materials and equipment to maintain the Bumhira and Nyanga projects.

The strength of our small charity is that Henry Chitsenga travels to Zimbabwe every school holiday to oversee progress of the projects and to oversee and teach the vital revision classes at Bumhira.

Page 3

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

c. Fundraising activities and income generation

The charity has a Just Giving page. Henry Chitsenga posts regular updates about the work of the charity on his Facebook account which generates a lot of interest and income. St Edward’s School/pupils/parents have donated some funds mainly for Nyanga North projects.

Other individuals have given small amounts via standing orders. One generous individual donor is sponsoring the students at Bumhira High School.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Charity has no reserves policy at present. We operate in accordance with a pre-set budget and aim to keep to that so as not to go overdrawn. The cash balance at the end of the year was £3,299 (2023 : £9,909) but this was not viewed as reserve funds. Donations will be requested to fund the costs accrued at the year end.

c. Principal risks and uncertainties

The economic / political instability and hyperinflation in Zimbabwe makes budgeting challenging and unpredictable especially for the students’ school and university fees and also in terms of the purchase of materials and equipment to maintain the Bumhira and Nyanga projects.

d. Principal funding

Apart from one individuals generous sponsorship, few standing orders, occasional donations from other sources, and some fundraising by St Edward's School, the charity does not currently have regular and reliable sources of funding.

Structure, governance and management

a. Constitution

Sub-Saharan Children's Hope Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Page 4

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

There are 4 trustees, 3 of whom are actively involved in all decision making. There is no hierarchy. Two trustees must approve all bank transfers.

d. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

The charity hopes to continue to fund the education of young Zimbabweans through Bumhira High school and through University courses. Numbers will depend on funding in the UK and costs in Zimbabwe. The charity will support the Nyanga secondary school project in a limited way depending on funds available.

Members' liability

The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.

Page 5

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Companies Act 2006. 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.

The trustees confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the charitable company’s auditors are unaware. They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Approved by order of the members of the board of Trustees and signed on their behalf by:

C _________ nda63240DB8C40416...Kaale—Maryot Linda Raabe-Marjot (Chair of Trustees)

Date:

29-01-25

Page 6

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent examiner's report to the Trustees of Sub-Saharan Children's Hope Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed by: 29-01-25 [Duc Signed: CC4B71EC6B1E448...lustiv Dated: Debbie Austin FCCA

Wellers

8 King Edward Street Oxford OX1 4HL

Page 7

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
4
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
25,797
25,797
35,407
35,407
(9,610)
6,909
(9,610)
(2,701)		 Total
funds
2024
£
25,797
25,797
35,407
35,407
(9,610)
6,909
(9,610)
(2,701)		 Total
funds
2023
£
52,064
52,064
48,744
48,744
3,320
3,589
3,320
6,909

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 17 form part of these financial statements.

Page 8

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee) REGISTERED NUMBER: 07556656

BALANCE SHEET AS AT 31 MARCH 2024

2024 2024 2023
Note £ £
Fixed assets
- -
Current assets
Cash at bank and in hand 3,299 9,909
3,299 9,909
Creditors: amounts falling due within one
year 11 (6,000) (3,000)
Net current liabilities / assets (2,701) 6,909
Total net assets (2,701) 6,909
Charity funds
Restricted funds 12 - -
Unrestricted funds 12 (2,701) 6,909
Total funds (2,701) 6,909

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

nda Kaale—Manot _________ C63240DB8C40416... May Linda Raabe-Marjot (Chair of Trustees)

29-01-25 Date:

The notes on pages 10 to 17 form part of these financial statements.

Page 9

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Sub-Saharan Children's Hope Trust is a private company limited by guarantee, incorporated in England and Wales, registration number 07556656. The address of the registered office is St Edward's Oxford, Woodstock Road, Oxford, OX2 7NN.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Sub-Saharan Children's Hope Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.6 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Critical areas of judgment:

There are no key judgements that have a significant effect on the amounts recognised in the financial statements.

Page 11

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from donations and legacies

Unrestricted
funds
2024
£
Donations
25,797
Unrestricted
funds
2023
£
Donations
52,064		 Total
funds
2024
£
25,797
Total
funds
2023
£
52,064

5. Income from other trading activities

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Provision of education, training and healthcare
35,407
Unrestricted
funds
2023
£
Provision of education, training and healthcare
48,744		 Total
2024
£
35,407
Total
2023
£
48,744

Page 12

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities

Provision of education, training and healthcare
Provision of education, training and healthcare		 Activities
undertaken
directly
2024
£
30,107
Activities
undertaken
directly
2023
£
40,889		 Support
costs
2024
£
5,300
Support
costs
2023
£
7,855		 Total
funds
2024
£
35,407
Total
funds
2023
£
48,744

Analysis of direct costs

School and Exam Fees
Boarding costs
Equipment		 Provision of
education,
training and
healthcare
2024
£
17,645
1,470
10,992
30,107		 Total
funds
2024
£
17,645
1,470
10,992
30,107

Page 13

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

School and Exam Fees
Boarding costs
Equipment
Consumables		 Provision of
education,
training and
healthcare
2023
£
9,637
4,442
15,113
11,697
40,889		 Total
funds
2023
£
9,637
4,442
15,113
11,697
40,889

Analysis of support costs

Office expenses
Subscriptions
Governance costs		 Provision of
education,
training and
healthcare
2024
£
2,071
229
3,000
5,300		 Total
funds
2024
£
2,071
229
3,000
5,300

Page 14

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Office expenses
IT software
Subscriptions
Governance costs
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Provision of
education,
training and
healthcare
2023
£
3,897
742
216
3,000
7,855
2024
£
3,000		 Total
funds
2023
£
3,897
742
216
3,000
7,855
2023
£
3,000

8. Independent examiner's remuneration

9. Staff costs

The average number of persons employed by the Charity, excluding directors and trustees, during the year was zero.

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

Page 15

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Trustees' remuneration and expenses (continued)

During the year ended 31 March 2024, expenses totaling £ 26,147 were reimbursed or paid directly to 1 Trustee (2023 - £15,550 to 1 Trustee) . £3,388 (2023 : £2,225) of this total was paid to Henry Chitsenga in respect of his travel and living expenses in Zimbabwe. The remainder covered payments made on behalf of the Charity by Henry Chitsenga in respect of authorised projects during his visits to Zimbabwe.

11. Creditors: Amounts falling due within one year

Accruals and deferred income
Statement of funds
Statement of funds - current year
Unrestricted funds
General Funds - all funds
Statement of funds - prior year
Unrestricted funds
General Funds - all funds		 Balance at 1
April 2023
£
6,909
Balance at
1 April 2022
£
3,589		 Income
£
25,797
Income
£
52,064		 2024
£
6,000
Expenditure
£
(35,407)
Expenditure
£
(48,744)		 2023
£
3,000
Balance at
31 March
2024
£
(2,701)
Balance at
31 March
2023
£
6,909

12. Statement of funds

Page 16

Docusign Envelope ID: 2ED863CF-DBE6-4A9F-8BAB-5557B828AAFC

SUB-SAHARAN CHILDREN'S HOPE TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Current assets
3,299
Creditors due within one year
(6,000)
Total
(2,701)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
£
Current assets
9,909
Creditors due within one year
(3,000)
Total
6,909		 Total
funds
2024
£
3,299
(6,000)
(2,701)
Total
funds
2023
£
9,909
(3,000)
6,909

14. Related party transactions

During the year, a trustee made donations to the charity amounting to £1,184 (2023 : £755).

There were no other related party transactions within the year.

Page 17