Charity number: 1157547
FUTURE HOPE (U.K.)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Armstrongwatson.
Accountants, Business & Financial Advisers

FUTURE HOPE (U.K.)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
ststement of cash flows
10
Notes to the financial statements

FUTURE HOPE (U.K.)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Jeremy Ranjan Ghose. Chaimian
Lucinda Jane Tite
John Adrian Franke
Alastair James Bryce
Sudhir Maheshwari
Alexander Michael Livingstone
Charity registered
number
1157547
Principal office
107 Abbotsbury Road
London
W14 8EP
Accountants
Armstrong Watson LLP
Chartered Accountsnts
1 st Floor 24 Blythswood Square
Glasgow
G2 4BG
Page 1

FUTURE HOPE (U.K.)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the financial ststements of the Charity for the period 1
April 2023 to 31 March 2024.
The name of the organisation is Future Hope (U.K.). Future Hope IU.K.) is a Charitable Incorporated
Organisation (CIO). The CIO was formed on 25 April 2014 and was registered wth the Charity Commission on
19 June 2014 with number 1157547. The assets and liabilities of the pr&existing Future Hope (U.K.) Trust
(Registered Charity Number 1001769) were transfe￿ed to Future Hope (U.K.) CIO on 28 January 2015. Future
Hope (U.K.) Trust was struck off the Register of Charities by the Chanty Commission on 1 January 2016 leaving
only the CIO, Future Hope (U.K.) existing. The aims and activities of Future Hope (U.K.), the CIO. remain
unchanged from the previous charity Future Hope {U.K.) Trust, which was entered on the Register of Charities
on 2 February 1991 under the original charitable trust deed.
Governing Document
The Goveming Document of Future Hope (U.K.) is a Constitution registered on 19 June 2014.
Address of registered and principal office
107 Abbotsbury Road
London W14 8EP
Email.. john.franke@futurehope.net
Address of administrative office (for all donations)
107 Abbotsbury Road
London W14 8EP
Email address.. erica@futurehope.net
Website.. www.futurehope.net
For further infomiation - Visit www.futurehope.net
If you would like further infomiation about the activities of Future Hope (U.K.) or would like to make a donation to
help street children, please contact the Administrative Office at the address given above. Future Hope (U.K.)
publishes newsletters periodically which provide details of fundraising activities and of how funds are being
applied to assist street children. All those who have made a donation or Othery￿Se expressed an interest in the
activities of Future Hope {U.K.l automatically receive copies of these newsletters, either a printed copy or on-line
versions subject to the preference selected. If you v¥ish to obtain a print copy of the most recent newsletter,
please send a stamped addressed envelope to FLrture Hope (U.K.) at the Administrative Office address given
above. For on-line newsletters please register at the website.
Supporters of Future Hope
The Trustees are pleased to record their sincere thanks to all those who have contributed to the activities of
Future Hope {U.K.) during the year ended 31 March 2024.
Page 2

FUTURE HOPE (U.K.)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities
Objectives and activities for the public benefit
The principal objectives of FLrture Hope (U.K.) remain directed towards helping underprivileged children
worldwide and in particular the relief of poverty. distress and suffering,. provision of shelter, care, food and
clothing, medical supplies and basic treatment, and the provision of education and training to help the children
develop into self-supporting adults. Future Hope {U.K.) raises public awareness of issues facing street children
through talks given at schools and colleges. social functions and other meetings with current and potential
donors and supporters.
Future Hope {U.K.) considers that the relief and prevention of povety is of public benefft to all.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewng Future Hope (U.K.)'s aims and objectives and in planning future
activities for the year.
Future Hope (U.K.) and its predecessor charities have provided support for over 30 years to Future Hope (India).
Future Hope (India) provides opportunity through its homes, schools, sports and medical programmes for more
than 300 of the most vulnerable children from the streets and slums of Kolkata, India. Future Hope (India)
addresses the individual needs of these children and helps them to become independent, self-supporting
members of society.
The Trustees have made no binding commitment to provide fvnds to Future Hope (India), nor to any other
charitable entity. For the avoidance of doubt, Future Hope (India) is a separate Charitable Trust operating in
India independently of Future Hope (U.K.).
Future Hope Ilndia) is supported by a number of other charitable bodies in addition to Future Hope {U.K.l. These
are located in other countries and are also separate independent organisations unconnected to Future Hope
{U.K.)
Future Hope {U.K.) does not hold any assets in the capacity of Custodian Trustee for other charities.
Page 3

FUTURE HOPE (U.K.)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perfomiance
. Main achievements of the Charity
During 2023124, Future Hope {U.K.) continued to develop its fvndraising activities. Ongoing support from
individual donors, trusts and foundations has been maintained and expanded. Emails, events, visits and face to
face meetings with new and existing supporters maintain relationships and build connections. The regular
Supporters Evening and the Annual Newsletter are particularly impactful. Together these efforts enabled a total
of £684,000 to be raised, which allowed a significant contribution to the operating costs of Future Hope (India).
Remittance5 to India totalled £169,000 during the year.
Two significant media initiatives were instnjmental in raising awareness of Future Hope's activities.. a
collaboration with supporters involved in audio production in the UK led to the creation of a podcast series,
Hope Within The Mango Trees, which allowed Future Hope to share its stories, history, impacts and future plans
in a compelling series. A launch event attended by potential new supporters successfully generated widespread
media attention and the podcast helped reach new audiences. Further publicity was generated through Future
Hope's involvement in the second BBC series of Field of Dreams wth cricket legend Andrew 'Freddie" Flintoff.
The series gave viewers a great insight into Future Hope's work and its importance. Interest was strong at the
time of broadcast while subsequent views on streaming plafft)mis have built on this.
Thirty-seven years on, Future Hope's work remains as crucial as ever, supporting the needs of scarred children
from traumatic backgrounds, wth no parents or with parents who cannot cope, and cases of abuse or serious
medical conditions. Often these children are not in school. Despite advances in education and poverty alleviation
across India, many of the problems that deprived families faced three decades ago persist today. The core
objective remains offering hope and opportunity to these children through comprehensive long-term care.
Guided by its strategic plan, Future Hope India has continued to grow its impact across all areas of work over the
last year through partnerships, expansion, consolidation. and care. They also keep the UN Sustainable
Development Goals in sight, analysing how each of their achievements contributes in a small way towards these
goals. Although competition for jobs in India remains an issue for young people, Future Hope has continued to
build capacity through its collaboration wth generous local partners and has doubled the number of students
gaining improved career prospects through training in its skills centre.
The medium-term goal of building a sustainable school and homes on acquired land in Rajarhat, outside
Kolkata, continues to move forward and it is hoped that construction wll begin during the current year. Funds
ontributed by Future Hope (U.K.) viill be a key element of both the capitsl costs of the project as well as
recurrent operating expenditure. Fundraising is well under way with major supporters and will remain a priority in
the coming year. Successful execution of the project wll be instrumentsl in allowng Future Hope to extend its
reach to many more children in the years ahead.
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 existen￿ for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
Page 4

FUTURE HOPE (U.K.)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Reserves policy
Future Hope {U.K.)'s policy on reserves has previously been to maintain fvnds equivalent to 12 months,
operating costs incurred by Future Hope (India). As at September 2023 this equates to approximately £840,000.
Looking ahead, factors are noteworthy.. as Future Hope (India) diversifies its fvnding base the Trustees
expect that Future Hope (U.K.) wll meet 400h of these operating costs- secondly Future Hope (U.K.) will raise
funding to contribute to the capital costs of a major expansion project being undertaken by Future Hope (India)
and will hold reserves pending any transfers. For ease of identification of funds, any reserves specifically held for
capital expenditure wll be held in a separate bank account.
c. Principal funding
Future Hope IUK)'s strategy is primarily geared towards support for the charitable activities of Future Hope India.
In recent years the Trustees have aimed to maintain financial reserves equivalent to 9-12 months of Future Hope
India's operating expenses. At the close of 202314. based on approximate monthly expenses of £75,000 (a figure
which fluctuates wth the GBPIINR exchange rate given that Future Hope India's costs are incurred in INR)
Future Hope (UK)'s total financial resources of approximately £1.3 million were equivalent to over 17 months.
expenses. The Trustees consider it prudent to keep a portion of these reserves under active management to
enhance retums, while retaining a portion in liquid balances in order to be able to meet any requests for funding
in a timely manner.
Structure, governance and management
a. Constitution
The Charitable Incorporated Organisation (CIO) Future Hope {U.K.) was formed on 25 April 2014 and was
registered on 19 June 2014 with number 1157547. The governing instrument of Future Hope IU.K.} is a
Constitution dated 19 June 2014. The assets and liabilities of the original charity Future Hope (U.K.) Trust were
transferred to Future Hope (U.K.) CIO on 28 January 2015.
b. Methods of appointment or election of Trustees
The charity is overseen by a Board of Trustees vtho meet regulady to monttor the progress of the charity, to
ensure there are proper controls in place. to approve donations for charitable purposes and to agree appropriate
accounting policies (and ensure these are properly applied). investment strategy and reserves policy.
Trustees are appointed by the Board of Trustees as vacancies arise. Trustees are appointed in accordance with
the provisions of the Constitution by a majority vote of the Trustees serving at the time.
c. Organisational structure and decisionwmaking policies
Fundraising, administration and donor stewardship is provided by Timothy Grandage and Erica Grandage,
founders of Future Hope, with support from consultsnts as required with the overall objective of providing
efficient and cost-effective administration. Charitable support payments are made via secure intemet banking
arrangements subject to control and approval mechanisms agreed by the Trustees.
d. Policies adopted for the induction and training of Trustees
The Trustees are encouraged to obtain training as required to enable them to effectively carry out their
responsibilities.
Page 5

FUTURE HOPE (U.K.)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management (continued
8. 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.
Statement of Trustees, responsibilities
The Trustees 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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources. induding its income and expenditure. for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently..
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial ststements-
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose )Mth 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 provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable step5 for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behaK by:
Jeremy Ghose I
Jeremy Ranjan Ghose
Trustee
an 28, 2025 14'.59 GMT)
Date..
2810112025
Page 6

FUTURE HOPE (U.K.)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's report to the Trustees of Future Hope (U.K.) ('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 you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charitys accounts caffied out under section 145 of the 2011 Act and
in carrying out my examination I have foll0v￿d the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the Association of Chartered Certified Accountants. which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102} in
preference to the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understsnd that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord ￿￿th those records.. or
the accounts do not comply wth the applicable requirements conceming 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.
I have no concems 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 Charitys 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 l am required to stste to them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not ac￿pt 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..
Karen Rae (Jan 28, 2025 15..06 GMT)
Karen Rae FCCA
Dated. 2810112025
Armstrong Watson LLP, 1 st Floor. 24 Blythswood Square, Glasgow. G2 4BG
Page 7

FUTURE HOPE (U.K.)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
674,610
9,638
674.610
9,638
576, 590
5, 629
Total income
684.248
684.248
582,219
Expenditure on:
Raising funds
Charitable activities
79,390
183,124
79,390
183,124
62,957
677,919
Total expenditure
262,514
262,514
740, 876
Net incomel(expenditure) before net gainsl(losses)
on investments
Net gainsl{losses) on investments
421,734
16,449
421,734
16,449
(158, 657)
(17,529)
Net movement in funds
438,183
438,183
(176, 186)
Reconciliation of funds:
Total funds brought fO￿ard
Net movement in funds
893,426
438,183
893,426
438.183
1,069,612
(176, 186)
Totsl funds carried forward
1,331,609
1,331,609
893, 426
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 8

FUTURE HOPE (U.K.)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Investments
250,936
231,313
250,936
231,313
Current assets
Debtors
35,220
1.058,513
39,316
627,29T
Cash at bank and in hand
1,093,733
666,613
Creditors.. amounts falling due Y￿thin one
year
10
(13,060)
(4, 500)
Net current assets
1,080,673
662, 113
Total assets less current liabilities
1.331.609
893, 426
Totsl net assets
1,331,609
893, 426
Charity funds
Unrestricted funds
General funds
1,331,609
893,426
Total unrestricted funds
1,331,609
893, 426
Total funds
1,331,609
893, 426
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Jeremy Gho£e
an 28, 2025 14=59 GMT)
Jeremy Ranjan Ghose
Trustee
Date..
2810112025
The notes on pages 11 to 21 form part of these financial statements.
Page 9

FUTURE HOPE (U.K.)
STATEMENT OF CASH FLOVVS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
424,751
(166, 534)
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from sale of investments
9,639
13,359
128,179)
11,646
5, 629
25, 222
(39, 033)
10,939
Purchase of investments
Movement in cash held on investment
Net cash provided by investing activities
6,465
2,757
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning ofthe year
431,216
(163,777)
627,297
791,074
Cash and cash equivalents at the end of the year
1,058,513
627,297
The notes on pages 11 to 21 form part of these financial statements
Page 10

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance wth the Charities SORP (FRS 1021
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) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial ststements have been prepared to give a Irue and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved followng the Charities SORP (FRS 102} published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Future Hope {U.K.) meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless Qtherwse stated in the relevant
accounting policy.
1.2 Going concem
Based on the information available the Trustees are confident that Future Hope (U.K.) will continue to
generate funds for at least 12 months from the date on vthich these financial statements have been
approved allowng it to cover all local costs and to undertake its programme of charitable activity. The
Trustees further note that there are no contractual commitments requiring charitable donations to be
made at any point in the future, and hen￿ have not identified any material uncertainty relating to
going concern and thus continue to adopt the going concem basis of accounting in preparing the
accounts.
1.3 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 re￿1vable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.4 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 raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
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.
Page11

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued)
1.5 Interest receivable
Interest on funds held on deposit is included vthen receivable and the amount can be measured
reliably by the Charity- this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.6 Gift Aid
Where the right to receive Gift Aid has been established, the amount receivable is recognised as
donations and legacy income in the Statement of financial activities.
1.7 Taxation
Tax recoverable on donations re￿iVed under Gift Relief is reported gross ￿en the donation is
received the tax deducted included in debtors until it is recovered from HM Revenue and
Customs.
Future Hope {U.K.) is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act
2010 and therefore it meets the definition of a charitsble trust for UK income tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within &*egories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of
Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to
charitable purposes.
1.8 Inveslments
Fixed asset investments are a fomi of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl{Losses) on
investments, in the Ststement of financial activities.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.10 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.
1.11 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 wll 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.
Page 12

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued)
1.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instnjments 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.
1.13 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
1.14 Fund accounting
General funds are unrestricted fijnds 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.
Investment income, gains and losses are allocated to the appropriate fund.
Page 13

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Donations
Gift aid
643,498
31,112
643,498
31,112
674,610
674,610
Unrestricted
funds
2023
Total
funds
2023
Donations
Gift aid
543, 680
32,910
543, 680
32,910
576, 590
576, 590
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Fundraising costs
Bank and investment management fees
Wages and salaries
National insurance contributions
Pension costs
23,384
2,305
47,766
4,734
1,201
23,384
2,305
47,766
4,734
1,201
79,390
79,390
Page 14

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds (continued)
Unrestricted
funds
2023
Total
funds
2023
Fundraising costs
Bank and investment management fees
Wages and salaries
National insurance contributions
2,227
2, 712
51,929
4, 904
1, 185
2,227
2, 712
51,929
4, 904
1, 185
Pension costs
62,957
62,957
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Expenditure on charitable activities
178,044
5,080
183,124
ActNit￿S
undertaken
directly
2023
Support
costs
2023
Total
runds
2023
Expenditure on charitsble activities
670, 230
T, 689
677,919
Page 15

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2024
Total
runds
2023
Donations to Future Hope {India)
Volunteer expenses
169,664
8,380
656, 000
14,230
178,044
670, 230
Analysis of support costs
Total
funds
2024
Total
funds
2023
Audit fee
Governance and other costs
2, 334
855
400
Accountancy fees
Independent examination fees
2,495
2,185
2, 400
2, 100
5,080
7, 689
Independent examiners remuneration
The independent examinels remuneration amounts to an independent examiner fee of £2,185 (2023
- £2,100), and accountancy services of £2.495 (2023- £2.400).
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
47,766
4,734
1,201
51,929
4, 904
1, 185
53,701
58,018
Page 16

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows..
2024
2023
Employees
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel costs for the year amount to £53,701 (2023- £58,018)
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2023
Additions
231,313
28,179
(13,359)
16,449
(11,646)
Disposals
Revaluations
Transfers between classes
At 31 March 2024
250,936
Net book value
At 31 March 2024
250,936
At 31 March 2023
231,313
Page 17

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Fixed asset investments Icontinued)
Analysis of investment market value at 31 March 2024
2024
2023
UK Equities
Globalloverseas Equities
UK Bond funds
46,264
96.601
41,743
16,801
12,485
13,988
16,048
4,635
44,587
99,278
35, 433
6, 839
4, 588
12,462
9, 329
16,016
Globalloverseas Bond funds
Propety- UK investment fund
Commodities
Other investments
Cash
Total
248.565
228, 532
The following investments represented more than 5% of the total market value of the investments held at
31 March 2024=
2024
2023
Evenlode Income Fund
Baillie Gifford American W1
12,461
14,978
17.286
12,461
13,906
12,631
16,167
12, 184
10,897
12,015
Artemis US Select
IFSL Evenlode
Fidelity UK Moneybuilder Inc
JP Morgan US Equity Income
Cash
13,657
11,430
26, 955
Debtors
2024
2023
Due within one year
Other debtors
35,220
39,316
35,220
39,316
Page 18

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
13,060
4, 500
11. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Gainsl
(Losses
Income Expenditure
Unrestricted funds
General Funds
893,426
684,248
(262,514)
16,449
1,331,609
statement of funds - prior year
Balance at
31 March
2023
Balance at
1 Apnl 2022
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds
1,069,612
582,219
(740, 876)
(17,529)
893, 426
12. Analysis of net assets between funds
Analysis of net assets bet￿￿n funds - current period
Unrestricted
funds
2024
Total
funds
2024
Fixed asset investments
250,936
1,093,733
(13.060}
250,936
1,093,733
(13,060)
Current assets
Creditors due within one year
Total
1,331,609
1,331,609
Page 19

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Analysis of net assets between funds Icontinued)
Analysis of net assets bet￿￿n funds - prior period
Unrestncted
funds
2023
Total
funds
2023
Fixed asset investments
231,313
666,613
(4, 500)
231,313
666,613
(4, 500)
Current assets
Creditors due wthin one year
Total
893, 426
893, 426
13.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net incomelexpenditure for the period (as per Statement of Financial
Activities)
438,183
(176, 186)
Adjustments for:
(Gains)Ilosses on investments
Dividends, interests and rents from investments
Decreasellincrease) in debtors
Increasel{decrease} in creditors
16,449
(9,638)
4,096
8,560
17,528
(5, 629)
(74T)
(1,500)
Net cash provided byl(used in) operating activities
457,650
(166, 534)
14. Analysis of cash and cash equivalents
2024
2023
Cash at bank and in hand
1,058,513
627,297
Totsl cash and cash equivalerrts
1,058,513
627,297
Page 20

FUTURE HOPE (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Analysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
627,297
431,216
1.058,513
16.
Related party transactions
Mr Tim Grandage is the oFfounder and is considered to be key management personnel of Future Hope
(U.K.). Mr Grandage is also the C¢>founder of Future Hope (India). During the year donations of £169,664
(2023.. £656,000) were paid to Future Hope (India).
Volunteer expenses, which are also considered to be related party transactions, comprise £3,449 {2023.'
£4,613) paid to an employee and £4,930 (2023= £9.617) paid to an employee's spouse.
Page 21