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2022-12-31-accounts

Charity no. 1153897

Hope for Life Katanga Report and Unaudited Financial Statements

31 December 2022

Hope for Life Katanga

Reference and administrative details

For theyear ended 31 December 2022 For theyear ended 31 December 2022
Charity number 1153897
Registered office 50 Westway
Nailsea
Bristol
BS48 2NB
Trustees The trustees who served during the year and up to the date of this
report were as follows:
Mark Walters - Chair
Megan Walters - Co-Founder
Joshua Mutebe - Co-Founder
Chris Boddy
Laura Harris
Chris Collier - Secretary (resigned 8 October 2022)
Laura Richards - Treasurer
Uganda Director Francis Nkurunziza
Co-Founders Joshua Mutebe
Moses Ssempebwa
Megan Walters
Mark Walters
Bankers Lloyds TSB
Ariel House
2138 Coventry Road
Birmingham
B26 3JW
Independent examiner Jonathan Evans
96 Cairns Road
Redland
Bristol
BS6 7TG

1

Hope for Life Katanga

Report of the trustees

For the year ended 31 December 2022

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

Hope for Life Katanga is a UK registered charity, which has a constitution as its governing document. Trustees are appointed at general meetings by a majority vote of existing trustees. The trustees of the charity ensure that the work of Hope for Life Katanga is carrying out its stated aims and objectives, is compliant with charity and local law, and is financially sustainable. The board of trustees have three sub-groups to support these functions: Vision & Strategy, Audit & Risk, Events & Fundraising.

Hope for Life Katanga is a registered Community Based Organisation, with the Kampala City Council Authority, which sees the voices and participation of the community play an important role in the design and implementation of projects towards the charity’s aims and objectives. The charity’s operations are headed up by the charity’s Director, with direct support from the charity’s co-founders, who together form the Vision & Strategy sub-group.

Objectives

The objectives of Hope for Life Katanga are to enable families, in Uganda, to realise their potential towards living a self-sufficient life, free from living in conditions of poverty.

In 2022, we have worked towards these objectives by:

Public benefit

The programmes we run allow us to provide routes out of poverty for some of the most vulnerable people in Katanga. As trustees of Hope for Life Katanga, we are satisfied that our programmes provide a sufficient level of benefit to ensure compliance with the guidance on public benefit issued by the Charity Commission.

Activities and achievements

Our progress towards these objectives is described below:

a) Educating children (5-15 years old), to increase their future potential of earning a sustainable income.

Primary and Secondary schooling provide each child with a foundation they will carry into their future. Not only are students able to grow in knowledge in traditional subjects but schooling encourages each child to develop their confidence and competence in an array of practical, soft and social skills necessary for family life and in preparation for work after school.

During 2022, we have facilitated a sponsorship programme for 55 children (41 in primary and 14 in secondary) in 31 different schools in Uganda. Six P.7 students took their Primary Leavers Exams and graduated in December 2022, progressing to secondary school, and two students graduated from their S.4 exams and have elected to join vocational training beginning January 2023. All students have seen improvements in their academic performance and character development including:

2

Hope for Life Katanga

Report of the trustees

For the year ended 31 December 2022

“My journey with Hope for Life started around 2015, when my mum has no school fees. I met Hope for Life, they took me to Buganda Road [Primary School], where I started my Primary 2, up to now I am in Senior 2. Being part of Hope for Life has helped me in the way that they have taught me how to control myself by counselling me. My dream is to become an Engineer. I’m focusing on my education by reading books and focusing on subjects that Engineers are likely to do.” Tadeo

“Hope for Life is a good foundation, they have helped me to go to school, to have a good life, they have helped me to be creative.” Godfrey

“Hope for Life is helping me in education, giving us some food. It is important for a girl to go to school, to learn about sanitation and her body. I go to school to learn hard so I can get a better future. My dreams are to grow up and become a doctor.” Precious

“I joined Hope for Life Katanga in 2013, they supported me, and I was taken to Buganda Road Primary School, after there I joined secondary, and I completed my Senior 4. I passed very well with good grades and later I joined an institute, and I am now doing vocational training in Fashion and Design.

After completing it, I’m looking forward to getting a job, ready to get money for my future and for my betterment. With the support of Hope for Life Katanga, I’m now skilled in tailoring. I love to make different types of fashions and designs for people, such that they can look very smart. I thank Hope for Life Katanga for the good support which they have given us. May God bless them and may it last long.” Zaina

"Each and every [student] has a big hope and this is all through the sponsorship they are offering through Hope for Life. I am very grateful that they have bought hope and have changed the lives of these people in Katanga.” Rebecca, Teacher, Hope for Life

b) Equipping young adults (15-25) and parents, through vocational education, training and support, towards earning a self-sufficient income.

Vocational training provides individuals with the practical skills needed to generate an increased income and support their wider family. This programme provides a next step for those who have progressed through our Primary and Secondary School, as well as providing opportunities for young mothers with little previous education, so that they can generate an income to support their own children’s education.

During 2022, we have supported 37 young adults in vocational training. 11 students studied in our inhouse programme for a year in preparation for gaining scholarships to local vocational training colleges. For those with little previous education, we provide an additional year of training, focusing on soft skills (self-discipline, confidence/self-esteem, respect, self-discovery, making life decisions), health and hygiene, basic literacy (reading, writing), entrepreneurship, and training in hairdressing.

3

Hope for Life Katanga

Report of the trustees

For the year ended 31 December 2022

At the end of the first year, the young women take more pride in their health, hygiene and appearance, they are punctual for their lessons, showing they are interested in learning and are committed to achieving their goals, and have increased their confidence and social skills. With the guidance of the mentors on our team, they have been able to better understand themselves, their abilities and passions, helping them to make choices about their training and careers.

We also provided scholarship opportunities for 26 students to attend vocational institutes (7) or apprenticeships with local artisans (19), training in Hairdressing, Fashion & Design, Nursery Teaching and Nursing. 16 of the 26 women completed their training and graduated from their exams in December 2022 (10 students will take exams in December 2023).

Since 2017, 28 young women have graduated from their chosen training after receiving a scholarship from HFL. Of the 28, 23 are generating an income to support themselves and their family, 2 are not yet in work, and 3 women have lost contact after moving suddenly, following the covid outbreak, to their family villages.

This year we have continued our work providing vocational support and mentorship to the parents and carers of 75 families, including finance management classes and business guidance.

“Before joining Hope for Life I was very stubborn to my parents and I never trusted myself with doing anything, like skilled things. I now like working; I can get anything I want because I work. I used to undermine people before meeting the counsellors of Hope for Life but now I at least respect everyone I meet. I am planning to go forward with my studies and go for a degree in Fashion and Design” Eron

“Today I’m here to thank Hope for Life for what they have done for me, I really appreciate them, they have really done a good job in my life. I got to know Hope for Life in 2018 I finished my senior 4 in 2017 and I stayed home for some good months because I had no other options. There was no money to continue with my studies.

I got a chance, I met good people, loving family, they taught me a lot of things: they taught me hairdressing, that was for 5-6 months, they taught me hygiene, taught me associating with people, giving people respect, even respecting myself. After there I went to campus for Catering and Hotel Management.

As of now I am a Waitress in one of the biggest 5-star hotels in Kampala, Uganda. I have gained experience from the hotel where I’m working, I’m meeting different people, I’ve got different opportunities. I am living an independent life, I can afford my needs and I’m helping my young ones who are not studying. I took them back to school, that is because of Hope for Life. If it wasn’t for Hope for Life, I wouldn’t be here in this great way I am now. Rhoda

“Hope for Life have helped sponsor my education at Gayaza Vocational and Technical College. When I completed my studies, I could not find jobs. Hope for Life further supported me by providing me with a sewing machine. I am using the skills I learnt during my training.

I joined Hope for Life without any skill but through their support, I am now equipped and self-reliant. I now have my own sewing machine and I am self-employed. I now work and earn my own money, which I use to meet my needs without relying much on my parents. I can now take care of myself. I want to thank Hope for Life for the programmes they run because they have benefited many girls like myself.” Serena

4

Hope for Life Katanga

Report of the trustees

For the year ended 31 December 2022

"With the years I’ve worked with these girls I have seen girls going back to formal schooling, we now have graduates who have just graduated from YMCA, we have one who is a secretary now, one doing Catering in a 5-star hotel in Uganda – from a girl from a slum to that place, that is a step up. I’ve seen girls who couldn’t even talk but now they are verbal, they talk they dance, their life has changed. I’ve seen the young mothers thinking that maybe they should give away the kid, now they can’t dream of that.

I’m saying this from the bottom of my heart, for me, teaching and changing someone’s life, it is more meaningful and I’m so proud to be part of Hope for Life” Maureen, Teacher, Hope for Life

c) Preventing ill-health impacting education, training and employment opportunities, through healthcare education, guidance and treatment.

In 2020-21, our health support was focused on providing food and hygiene relief packages, in response to the Covid outbreak and resulting loss or severe reduction of household income. During 2022, we phased out our direct food provision, and returned our attention to supporting families to generate an income to support their family's education, health care and nutrition needs. We continued to provide hand sanitizer and masks to those we worked with through the year.

Our primary health care service this year has been to identify and work alongside some of the more vulnerable individuals and families during the pandemic through individual counselling and healthcare support. Notably, we have supported one family with housing, after being evicted during Covid, and providing funding for the mother to receive testing and medication to treat serious liver damage brought on by alcoholism. Financial support is only offered in certain situations and after careful consideration; 5 individuals received health funding from HFL through 2022.

A core component of the vocational training we provide to young women (age 15-20) is health education, primarily menstrual health, sex education, good nutrition and hygiene.

We want to thank all the businesses, NGOs, Trusts, churches and individuals who have supported the work of Hope for Life Katanga through 2022.

Financial review

Total income for the period was £34,048 (2021: £50,476). This was a decrease of 32% on the prior year, after some exceptional one-off donations were received in 2021 for our Covid-19 response and to support our vocational training programme. Income for 2022 is in line with income from the preCovid period.

Total expenditure was £52,577 (2021: £37,283) with the greatest increase in school and vocational training fees as schools re-opened post-pandemic. We also invested in our strategic development, working with our staff, beneficiaries and local community leaders to ensure our programmes continue to deliver the most impact.

Total funds held at 31 December 2022 are £16,777 (2021: £35,306), of which £11,402 (2021: £21,025) are held in restricted funds and £5,375 (2021: £14,281) in unrestricted funds.

Reserves policy

The trustees continue to review Hope for Life Katanga’s need for reserves in line with the guidance issued by the Charity Commission and have adopted a policy to set aside funds of approximately three months core running costs, which is estimated to be £3.8k.

5

Hope for Life Katanga

Report of the trustees

For the year ended 31 December 2022

The approval of a majority of trustees is required before the reserve fund can be used for any purpose and it may only be used in the case of an emergency, or to prevent an emergency occurring. An emergency can be considered as any event that would cause the staff or beneficiaries of Hope for Life Katanga to face life altering or life-threatening circumstances.

As at 31 December 2022 the balance of the reserve fund (including amounts held in other cash accounts) was £3.8k (2021: £3.8k).

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on 11 September 2023 and signed on their behalf by

Mark Walters - Chair

6

Independent examiner's report

To the trustees of

Hope for Life Katanga

I report to the trustees on my examination of the accounts of Hope for Life Katanga (the Trust) for the year ended 31 December 2022, which are set out on pages 8 to 19.

Responsibilities and basis of report

As trustees of the charity 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 charity’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:

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.

Date: 23 September 2023

Jonathan Evans 96 Cairns Road Redland Bristol BS6 7TG

7

Hope for Life Katanga

Statement of financial activities

For the year ended 31 December 2022

Restricted
Unrestricted
Note
£
£
Income from:
Donations
3
20,552
13,493
Investments
-
3
Total income
20,552
13,496
Expenditure on:
Raising funds
-
121
Charitable activities
39,612
12,844
Total expenditure
4
39,612
12,965
Net income / (expenditure)
(19,060)
531
Transfers between funds
9,437
(9,437)
Net movement in funds
5
(9,623)
(8,906)
Reconciliation of funds:
Total funds brought forward
21,025
14,281
Total funds carried forward
11,402
5,375		 2022
Total
£
34,045
3
34,048
121
52,456
52,577
(18,529)
-
(18,529)
35,306
16,777		 2021
Total
£
50,472
4
50,476
394
36,889
37,283
13,193
-
13,193
22,113
35,306

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the accounts.

8

Hope for Life Katanga

Balance sheet

As at 31 December 2022

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
10
Net current assets
Net assets
Funds
12
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
2,377
15,164
17,541
864		 2022
£
100
16,677
16,777
11,402
5,375
16,777		 2021
£
100
5,522
29,684
35,206
-
35,206
35,306
21,025
14,281
35,306

Approved by the trustees on 11 September 2023 and signed on their behalf by

Mark Walters - Chair

9

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Hope for Life Katanga 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 note(s).

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees consider this to be appropriate having regard to the current level of unrestricted reserves and the ongoing support of regular donors.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest received or receivable by the bank.

10

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies (continued)

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Freehold land and buildings Held at residual value, not depreciated. Computer equipment 3 years Furniture 4 years

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash 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.

k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) 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 recognised at amortised cost using the effective interest method.

11

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

1. Accounting policies (continued)

m) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

n) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

2. Prior period comparatives

Income from:
Donations
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds		 Restricted
£
34,225
-
34,225
-
28,633
28,633
5,592
1,197
6,789		 £
16,247
4
16,251
394
8,256
8,650
7,601
(1,197)
6,404
Unrestricted		 2021
Total
£
50,472
4
50,476
394
36,889
37,283
13,193
-
13,193

12

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

3. Income from donations

Income from donations
Planned monthly giving
One-off donations
Grants from Trusts and Foundations
Donations from churches
Gift aid
Total donations
Prior period comparative
Planned monthly giving
One-off donations
Grants from Trusts and Foundations
Donations from churches
Gift aid
Total donations		 Restricted
£
14,965
587
5,000
-
-
20,552
Restricted
£
15,490
12,735
6,000
-
-
34,225		 £
5,875
1,990
-
1,235
4,393
13,493
£
5,495
3,737
-
1,493
5,522
16,247
Unrestricted
Unrestricted		 2022
Total
£
20,840
2,577
5,000
1,235
4,393
34,045
2021
Total
£
20,985
16,472
6,000
1,493
5,522
50,472

4. Total expenditure

Direct costs in Uganda:
Salaries
Staff training
School fees
Other education costs (food, resources and travel)
College scholarship costs
Medical equipment and supplies
Community support
Core running costs (fuel, utilities, internet, reg fees)
Building maintenance
Strategy workshop costs
Other costs
Support and fundraising costs in the UK:
Fundraising costs
Website and software
Total expenditure		 Raising
funds
£
-
-
-
-
-
-
-
-
-
-
-
121
-
121		 Charitable
activities
£
11,401
50
15,393
2,808
13,036
1,712
681
2,670
1,278
2,081
887
-
459
52,456		 2022
Total
£
11,401
50
15,393
2,808
13,036
1,712
681
2,670
1,278
2,081
887
121
459
52,577

13

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

4. Total expenditure (continued) Prior period comparative

Total expenditure (continued)
Prior period comparative
Direct costs in Uganda:
Salaries
Staff training and retreat
School fees
Other education costs (food and resources)
College scholarship costs
Medical equipment and supplies
Community support (including Covid food packages)
Core running costs (fuel, utilities, internet)
Monitoring and evaluation consultancy work
Other costs
Support and fundraising costs in the UK:
Fundraising costs
Website and software
Foreign exchange losses
Total expenditure		 Raising
funds
£
-
-
-
-
-
-
-
-
-
-
394
-
-
394		 Charitable
activities
£
11,897
1,151
4,401
2,859
7,761
559
4,092
1,698
1,018
1,062
-
385
6
36,889		 2021
Total
£
11,897
1,151
4,401
2,859
7,761
559
4,092
1,698
1,018
1,062
394
385
6
37,283

14

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

5. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses		 2022
£
Nil
Nil
Nil		 2021
£
Nil
Nil
Nil

6. Staff costs and numbers

Staff costs were as follows:

Salaries and wages 2022
£
11,401		 2021
£
11,897

No employee earned more than £60,000 during the year.

The key management personnel of the charity are deemed to be the trustees. No trustees received remuneration or reimbursed expenses.

Average head count 2022
No.
6.00		 2021
No.
8.00

7. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

15

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

8. Tangible fixed assets

Cost
At 1 January 2022
Additions in year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
9.
Debtors
Gift aid recoverable
Prepayments
10. Creditors : amounts due within 1 year
Other creditors		 Freehold
land and
buildings
£
3,022
-
3,022
2,922
-
2,922
100
100		 Furniture
and
equipment
£
2,062
-
2,062
2,062
-
2,062
-
-
2022
£
1,513
864
2,377
2022
£
864		 Total
£
5,084
-
5,084
4,984
-
4,984
100
100
2021
£
5,522
-
5,522
2021
£
-

16

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

11. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2022
Prior period comparative
Tangible fixed assets
Current assets
Net assets at 31 December 2021		 £
-
11,402
-
11,402
£
-
21,025
21,025
Restricted
funds
Restricted
funds		 £
100
6,139
(864)
5,375
£
100
14,181
14,281
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
100
17,541
(864)
16,777
Total
funds
£
100
35,206
35,306

17

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

12. Movements in funds

Restricted funds
Education: sponsor a child
Education: general
Education: college scholarship
Health
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
January
2022
£
13,395
7,324
306
-
21,025
14,281
14,281
35,306		 Income
£
14,285
3,880
1,590
797
20,552
13,496
13,496
34,048		 £
(16,278)
(3,904)
(16,804)
(2,626)
(39,612)
(12,965)
(12,965)
(52,577)
Expenditure		 £
-
(7,300)
14,908
1,829
9,437
(9,437)
(9,437)
-
Transfers
between
funds		 £
11,402
-
-
-
At 31
December
2022
11,402
5,375
5,375
16,777

Purposes of restricted funds

Sponsor a child

This fund pays for school fees and related costs, e.g. uniforms, for children in formal schooling.

General education

This fund is to pay for other education costs such as learning materials, staff time, and travel and communication costs to visit beneficiaries on the programme.

College scholarship

This fund pays for tuition fees, salary costs and other costs of the college scholarship and vocational training programmes.

Health

This fund provides community support and emergency health care.

Transfers between funds

The surplus generated on general education has been utilised to cover the unfunded costs of running the college scholarship programme. The transfers from general funds in to healthcare and college scholarship are to top up the remaining overspends on these funds.

18

Hope for Life Katanga

Notes to the financial statements

For the year ended 31 December 2022

12. Movements in funds (continued)

Prior period comparative

Restricted funds
Education: sponsor a child
Education: general
Education: college scholarship
Health and Covid relief
Livelihoods: programmes
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
January
2021
£
8,273
5,963
-
-
-
14,236
7,877
7,877
22,113		 Income
£
12,105
4,150
11,440
4,500
2,030
34,225
16,251
16,251
50,476		 £
(6,983)
(2,789)
(11,134)
(4,978)
(2,749)
(28,633)
(8,650)
(8,650)
(37,283)
Expenditure		 £
-
-
-
478
719
1,197
(1,197)
(1,197)
-
Transfers
between
funds		 £
13,395
7,324
306
-
-
At 31
December
2021
21,025
14,281
14,281
35,306

13. Related party transactions

There were no related party transactions in the current or prior reporting period.

19