Home Leone Limrted
Home Leone
Report and Financial Ststements
for the year
1 May 2024 to 30 April 2025
Charity no: 1158211
Company no: 8974510
Park House
Botley Road
Bishops Waltham
Southampton S032 1 DR

Home Leone Limited
Contents
Pages
Legal and Administrative Information
Report of the Trustees
Report of the Independent Examiners
Statement of Financial Activities
Balan￿ Sheet
10
Cash Flow Statement
Notes Forming Part ofthe Financial Ststements
12-20

Home Leone Limrted
al and Administrative Inforniation
Constitution
Home Leone is a cornpany limited by guarantee and a registered chaiity govemed by
its Memorandum and Arttcles of Association. Charity number. 1158211. Company
number. 8974510.
Directors and Trustees
The directors of the charitable cornpany (hereafter referred to as Yhe chaiity,) are Èts
trustees for the purposes of chartty law and throughout this report are collectively
referred to as the trustees. The trustees serving during the period and Sin￿ the
period end were as follows:
Mr N Hyde MBE
Dr R Massey
Ms C Pither (resigned 31 January 2025)
Dr C Thursfield
Mr D Fletcher
Mr C Brecht
Mr D Ingram
New trustees are appointed by a majority ballot of the existing trustees. The induction
and training programme for new trustees comprises a detailed discussion and
orientation by the Chainnan. Each new trustee confinns their agreement with the
founding charity documents and agrees what contribution they expect to make.
Chairman and Company Secretary
Nigel Hyde
Senior staff
Clive Thursfield
Sahr Ndomhina
Registered office
Park House, Botley Road, Bishops Waltham, Southampton, S032 1 DR
Principal bankers
Lloyds Bank PLC
UBS
Independent examiner
A J Bennewith FCA, FCPA, FFA, FFfA DChA, FRSA,
Bennewith 2018 Limited
Upper Ground Floor. 18 Famham Road, Guildford, GU14X4
Solicitors
spen￿rs SoliGitors, Spire WalK Derby Road, Chesterfield, S40 2WG

Home Leone Limited
Directors Report for the Year Ended 30 April 2025
The directors, who also act as trustees, present their report with the financial statements of the
charity for the year ended 30 April 2025. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Staternent of Recommended practi￿ applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015} and the
charity's Memorandum and Articles of Association. The accounts have been prepared in
accordan￿ with the accounting policies on pages 13 to14.
Purpose and Aims
Vision
To see thousands of people enabled to exit slums and living in quality homes in vibrant
sustainable communities.
Mission
To establish a robust and inclusive relocation initiattve, we aim to foster seven foundational
elements encompassing sustainable, holistic, and affordable living. These pillars comprise low-
cost housing, livelihood development. education, healthcare, reliable power, water accessibility,
and sanitation facilities. Woven through these efforts is a commitment to personal development
and training, empowering beneficiaries to fully seize their opportunities. Our ultimate aspiration
is to inspire the ￿pliCation of this model on a global scale, creating lasting positive change in
communities worldwide.
Values
Injustice persists as people endure lives in slums. battling ill health and premature mortalty. At
Home Leone, we believe in the Staffish principle, where each individual we assist signifies a
meaningful change. Our goal is not only to offer immediate aid but to set an example, fostering
lives worthy of emulation among our staff. We prioritise personal groW(h. aiming to cultivate
integrity, empathy, and understanding among beneficiaries, supporters, participants, and staff.
Sustainability remains at the core of our endeavours. ensuring that every action taken endures,
benefiting communities for the long term. We operate with utmost transparency, being
accountable to all stakeholders for our strategies, finances, methodologies, and the impact we
achieve.
Our ethos draws inspiration from the story of the little boy on the beach. tirelessly throwing
starfish back into the sea. Despite the overwhelming odds, we know that every effort counts. We
strive, like the boy, to transfomi lives one by one. Through countless small acts of kindness, we
aim to alleviate the suffertng of those in some of the world's most impoverished regions,
believing that these actions collecttvely create a substsntial and impactful difference.
Purpose
The charity's putpose and aims are set out in it's Objects included in the Company's
Memorandum of Associat'on being:
(a) The relief of poverty, sickness and distress throughout the world.

Home Leone Limited
(b) The prornotion for the benefrt of the public of urban or rural regeneration in areas of social
and economic deprivation (and in particular in Africa) by all or any of the following means:
(i)
the provision of housing for those who are in conditions of need and the
improvement of housing in the public sector or in charitable ownership provided
that such power shall not extend to relieving any local authoiities or other bodies
of a statutory duty to provide or improve housing.
the relief of financial hardship"
the relief of unemployment"
the advan￿ment of education, training or retraining, particularly among
unemployed people, and providing unemployed people with work experience"
the provision of financial assistan￿, technical assistance or business advi￿ or
consultancy in order to provide training and employment charitable need through
(iv)
(v)
(vi)
(vii)
in setting up their own businesses or develop current ones"
the creation of training and employment opportunities by the provision of
workspa￿. buildings, andlor land for use on favourable tenns;
the maintenan￿, improvement or provision of public amenities"
the provision of recreational facilities for the public at large or those who by
reason of their youth, age, infirmity or disablement, financial hardship or social
and economic circUmstan￿s. have need of such facilities;
the protection or conservation of the environment,
the provision of public health facilities" such other means as may from time to
time be detennined subject to the prior written consent of the Chanty
Commissioners for England and Wales."
(viii)
(ix)
(x)
(xi)
(c) Other such charitable purposes that are not within paragraphs (a) and (b) but are recognised
as charitable purposes and may reasonably be regarded as analogous to, or within the spirit
of, any purposes falling within either paragraph (a) and (b).
How our work delivers our aims
The past year has probably been the Most difficult since inception. A number of residents
became violent and uncooperative. Despfte our best endeavours the court will not make a
decision, largely because of pol￿.cal inteprfentions. This was exa￿rbated when the local head
man and chief of police. violently took over a significant part of our land. They then sold it to
many individuals. Defending the land meant we could not progress new mission developments
and cost considerable fvnds. Through prayer and intervention of the Brrtish High Cornmissioner
we recovered our land but this has been at significant cost.
All that said, we were able to start our new Offi￿ and training block and complete the Vocational
training building ready to start that education inrtiative in January 2026. Wth the attack on our
land we were not ￿rtain the charity could survive in its present form so felt, with integrity, we
could not raise significant investment and donations until it was recovered. This meant income
reduced this year. though we are gratefvl to all who stood with us during this difficult time.
Despite these challenges, we have continued an amazing work at Destiny Gra￿ Academy and
helped many residents, slum dwellers and those in the wider Newton area.
Key milestones have been achieved:
Engaging in ongoing dialogues with govemment officials. intemational business
representatives, and global development communities to advocate our vision and the
effective soluttons being implemented to combat the dire conditions of slum living.

Home Leone Limited
Delivering a relocation strategy and conceptualising a prototype village layout,
encornpassing the seven fundamentsl pillars outlined above. Destiny Village, now home
to over 300 residents, airns to accommodate the relocation of more than 2,000
individuals.
Inaugurating prfrprimary. primary and secondary schools, presently catering to over 450
students from nursery to year 9. The school now has 15 classrooms, plus the first two for
year 10 where we are COn￿ntrating on vocational training.
Accomplishing the construction of 72 Iow-COSt homes. eight warehouses, numerous
stores and shops. a connecting bridge from the village to the road, and engineering a
water system connecting to the underlying aquifer. This system serves the entire village
and neighbouring communities.
Our medical facilty. the "Clinic in a Can." hosted both local din1￿ and international
medical practitioners and developed our triage and pathway service. We are now funded
to build a village medical facilty which will address mother and baby, dentistry and
phannaceutical needs for the wider population of around 5,000 people. Due to the
challenges noted above, we have not yet started this project.
A solar fami comprising 200 panels has been installed and operated with the assistance
of overseas partners.
We have established a brick-making factory, water-bagging factory, wood and metal
fabrication and construction operations.
Sustaining corporate, universty, and communty partnerships, welcoming numerous
groups to Sierra Leone. Participants have reported invaluable leaming experiences, and
we anticipate expanding these engagements in the years ahead.
Principal areas of work
Home Leone's work is primarily based in Sierra Leone. We have a support office in the UK and
recently closed our USA 501 (C)3.
Financial Review
Principal funding sources
To ensure the sustainabilty of our organisation amidst these unp￿edented challenges, our
directors implemented prudent cost-cutting measures and other strategic actions.
Our funding primarily stemmed from various individuals and foundations, crucial for supporting
infrastructure development and sustaining our operations. Additionally, the invaluable
contributions of senior leaders who volunteered their SeNi￿S have been instrumental. We
express our heartfelt gratttude to each individual who has played a role in realising our vision.
In the aftermath of the pandemic, corporate social responsibilty prograrns curtailed travel.
resulting in limited team contributions again this year. Nonetheless, we had the privilege of
collaborating wtth tsvo teams.
Our charity persists in its commitment to being efficiently managed, and ensuring that donor
contributions represent ex￿lIent value for money.
Investment policy
Home Leone prioritises the utilisation of tts donation incorne to swtftly progress toward its
objectives. aligning spending with logistical feasibilty. Any surplus funds are prudently
managed by placing them on deposit, seeking the most favourable interest rates attainable in
the market. while ensuring the security of these funds remains paramount.

Home Leone Limited
Reserves policy
Home Leone has a policy to hold 2 months unrestricted expenditure in reserve. This remains
a challenge as the desire to press on with the opportunities to assist the world's poorest calls
for greater reSoUr￿s. With the defen￿ of our land, it has left us asset rich but cash poor. This
means we still have some work to see that the charity can athieve the reSoUr￿S ne￿SSary to
fulfil this desired policy.
Plans for Future Periods
The complexits.es of the legal system in Sierra Leone. combined with the challenges of
conducting business and the attempted misappropriation of our land and buildings, have
prompted the trustees to reflect deeply on what can realistically be achieved going forward.
Since the year*nd, we have taken a significant step by recruiting a group of highly respected
Sierra Leonean leaders and forming a local trustee board. These indTviduals hold influential
positions within the nation, and we are delighted lo benefft from their insight and guidance.
With strong local leadership in place, we are renewing our commitment to securing
transformative fund1ng-res0ur￿S capable of creating meaningful and lasting change for Sierra
Leone's impoverished communities. Our goal is to obtain substanbal financial support to deliver
a range of essential developments: more homes, thriving businesses, enhanced sports and
healthcare facilities, and additional classrooms. Furthemiore, we aim to raise funds to sustain
the operational costs of schools and healthcare services until the village enterprises become
fully self-SLrfficient.
Innovation ￿MaInS at the heart of our efftirts. We have introduced new designs, including our
first two-story house and high-qualty two-bedroom homes for two intemational partners. Our
educational infrastructure is also expanding, with plans for additional classrooms to support our
new vocational training programs-offering lrfe-changing opportunities for young people.
The trustees extend heartfeft gratitude to our dedicated staff and residents. Their commitment
and sacrifice in pursuing this vitsl vision cannot be overstated. These remarkable individuals,
performing extraordinary work in challenging conditions, continue to inspire us all with their
silience and unwavering dedication.
Structure, Governance and Management
Governing document
The organisation is a company limited by guarantee, incorporated on 2 April 2014 and
registered as a charty on 12 August 2014. The cornpany was established under a
Memorandum of Association which established ts objects and powers. In the event of the
company being wound up its members are required to contribute an amount not exceeding £10.
On 26 April 2019, an updated Memorandum and Artides was adopted, following a review of
operations and plans.
Recruitment and appoinknent of directors
The directors set the course and have established the organisation priorities. Now it has a firm
foundation and is set for major growth and delNery. We aim to appoint additional trustees, with
appropriate skill and contributions in the forthcoming financial year.

Home Leone Limited
Strategy and policies
Home Leone has established and adopted a comprehensive set of governan￿ and operational
policies designed to suit an organisats-on of rts size. scope. and mission. These govemance
structures and key policies are considered robust and appropriate for our current objectives and
scale.
Our strategy is guided by a dear, well-defined plan rooted in an organic business model. To
ensure financial transparency and accountabilrty, management accounts are prepared on a
regular basis. Budgetary data is consistently reviewed and updated, with actual costs for the
model village closely monrtored against forecasts-an essential discipline in an environment of
significant inflation.
Risk management
The trustees regularly review the major strategic, operational, and financial risks to which the
charity is exposed. We confim that robust systems and controls are in place to identify. assess.
and manage these risks effectively. Regular reports are produced to enable timely action and
ensure that mitigation strategies remain appropriate and effective.
In addition, comprehensive risk assessments have been implemented across all operational
locations. These assessments cover key areas such as health and safety, safeguarding,
financial controls. govemance, and operational continuty. Special consideration is given to the
welfare of volunteers travelling with the organisation, with detailed protocols in place to
minimise risks associated with travel, accommodation, and on-th&ground activities.
Key Risk Areas and Mitigation Measures:
Financial Risk: Ongoing monitoring of cash flow and expenditure against budget
forecasts, supported by regular management accounts and scenario planning to
address inflationary pressures and funding variabilty.
Legal and Regulatory Compliance: Continuous review of local and intemational legal
requirements, supported by local trustee leadership and legal advisors to safeguard
assets and operations.
Operational Risk: Implementation of detailed health and safety procedures, volunteer
guidelines, and contingency planning to manage risks at the village and project sites.
Reputational Risk: Strong governan￿ policies, ethical guidelines, and transparent
reporting to maintain trust among donors. partners, and stakeholders.
Security and Safeguarding: Comprehensive safeguarding policies, staff training, and
monitoring frameworks to ensure the protection of children, vulnerable adults, and all
team members.
The trustees remain committed to maintaining a culture of proactive risk management to protect
the charity's mission and the comrnunities we sev￿.
Statement of trustees. responsÈbilities
The trustees are responsible for preparing the Report of the Trustees and the financial
statements in accordan￿ with applicable law and United Kingdom Generally Accepted
Accounting Practi￿.

Home Leone Lirnited
The law applicable to charities in England and Wales, the Charities Act 2011 and the Charity
(Accounts and Reports) Regulations 2008 require the trustees to prepare financial staternents
for each finanGial year which give a true and fair view of the state of affairs of the charity and of
the incoming resources and application of resour￿. including the income and expenditure. of
the charsty for that period. In preparing those financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently"
obSer￿e the methods and principles in that Charity SORP;
make judgements and estimates that are reasonable and prudent"
prepare the financial statements on the going concern basis unless ¥t is inappropriate to
presume that the chanty will conts.nue in business.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any tirne the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011 and the Charity
(Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the
assets of the chanty and hence for tsking reasonable steps for the prevention and detection of
fraud and other irregularities.
Statement as to Disclosure of Information to Independent Examlners
So far as the trustees are aware, there is no relevant information (as defined by Section 418 of
the Companies Act 2006) of which the charitable companys independent examiners are
unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in
order to make them aware of any information and to establish that the chantable company's
independent examiners are aware of the informats"on.
Independent Examiners
AJ Bennewith Limited, the Chaiitys Independent Exarniners wtll be proposed to stay in post for
the 2025126 financial year.
Approved by the Trustees and signed on their behalf by
Nlgel Hyde
23 Novernber 2025

Home Leone Limited
Independent Examinerfs Report to the Trustees of Home Leone LiTnited
I report to the charity trustees on my examination of the accounts of the Home Leone
Limited (the charity) for the year ended 30 April 2025.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the accounts
in accordan￿ with the requirements of the Chartties Act 2011 (Ihe ACV).
I report in respect of my examination of the charitjes accounts carried out under
section 145 of the Act and in carying out my examination I have followed all
applicable Directions given by the Charity Comrnission under section 145(5)(b) of the
Act.
Independent examinerfs statement
Since your chaiity's gross income exceeded £250,000 your examiner rnust be a
mernber of a listed body. I can confirm that l am qualified to undertake the
examination because l am a registered mernber of Institute of Chartered Accountants
of England and Wales which is one of the listed bodies
I have completed my examination. I confinn that no material 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 chaiity as required by section 130 of the
Act; or
the accounts do not accord with those records," or
the accounts do not comply with the applicable requirements concerning the form and
content of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other
than any requirernent 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.
A J Bennewith FCA, FCPA, FFA, FFfA, FIPA DChA, FRSA
I nstitute of Chartered Accountants of England and Wales
Upper Ground Floor
18 Famham Road,
Guildford,
GU14XA
23 November 2025

Home Leone Limited
Statement of Financial Activities
for the period 1 May 2024 to 30 April 2025
Incoming resources
Unrestricted Restricted Total Funds Total Funds
Funds 2025
Funds
2025
2024
2025
Notes
Voluntary Income
Sponsorships and
donations
Gifts in kind
Internally generated
income
Investment income
214,577
124,164
338,741
288,207
12,069
75,061
963
75,061
963
85,954
Total incoming resources
290,601
124,164
414,765
386,236
Resources expended
Cost of generating
voluntary income
Charitable activty
Governan￿ activty
5,900
5,900
9,931
231,110
4,492
110,435
341,545
4,492
379,440
10,145
Total resources expended
241,502
110.435
351,937
399,516
Net incomingl(outgoing)
resources before
transfers
49,099
13.729
62,828
{13,280)
Transfers betrNeen funds
Total funds brought
foEward
15
702.065
67,751
769.816
783,096
Total funds carried
forward
15
751,164
81,480
832,644
769.816
Revaluation Reserve
786 361
786 361
793 196
Total Funds
1.537.525
81,480
1,619.005
1,563,012
All gains and losses in the year are included above.
The Statement of Financial Activities also complies with the requirements for an Income and
Expenditure Account under the Companies Act 2006.
The notes on pages 12 to 20 fomi part of these financial statements
10

Home Leone Limited
Balance Sheet at 30 April 2025
2025
2025
2024
2024
Notes
Tangible assets
1,636,701
1,642,021
Current assets
Work in Progress
Stock
Debtors
Cash at bank and in hand
54,674
13,904
23.916
54.506
41,091
7,493
22,476
53,349
10
147,000
124,409
Creditors: amounts falling
due within one year
12
(84,779)
(120,234)
Net current assetsl
{liabilities)
62.221
4,175
Creditors: amounts falling
due in more than one year
13
(79,917)
(83,184)
1619,005
1563,012
Reserves
Unrestricted funds
Restricted funds
Revaluats'on Reservé
15
15
15
751,164
81,480
786,361
1619,005
702.065
67,751
793,196
1,663,012
The charitable company is entided to exemption from audit under Sertion 477 of the Companies
Act 2006 for the year ended 30 April 2025. The rnembers have not required the charitable
company to obtain an audit of its financial statements for the year ended 30 April 2025 in
accordance with Section 476 of the Companies Act 2006.The trustees acknowledge their
responsibilrties for.
(a) ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006-, and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of
Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees on 23 November 2025 and
were signed on its behalf by:
Nigel Hyde
The notes on paoes 12 to 20 form part of these financial statements
11

Home Leone Limited
Statement of Cash Flows for the Year Ended 30 April 2025
Cash Flows from Operating Activitses
Note
2025
2024
Net (Outgoing)Ilncoming Resour￿$
62,828
(13.280}
Adjustments for.
Depreciation of Fixed assets
GainslLosses in Disposal of Fixed Assels
Revaluation Reduction
Increase in VVIP and other current assets
Increase in Stocks
Increase in Debtors
Decreaselincrease in Creditors falling due in less than
one year
Decrease in Creditors falling due in more than one
year
23,832
36,847
(6,835)
(13,583}
(6,411)
(1,440)
(35,455)
68,765
58,558
15
(31,094}
(4,231}
(7,358)
21,153
10
11
12
13
Net Cash from Operating Activitses
Cash Flows From Investing ActNities
Purchase of Tangible Fixed assets
(55,359)
(28,110)
Net Cash from Investing Activities
Cash Flows From Financing Activities
Net increasel (decrease) In rAsh and cash
equivalents
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
1,157
7,932
Cash and Cash Equlvalents comprise
Cash at Bank and in Hand
The notes on pages 12 to 20 form part of these financial statements
12

Home Leone Limited
Notes Forming Part of the Financial Statements for the year ended 30
April 2025
1. Principal accounting policies
Basis of preparation of accounts
The chanty's financial statements. as a public benefft entty under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charitles preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard 102, and the
Charities Act 2011.
The financial statements have been prepared on the historical cost basis.
Incoming resources
Income Recognition
Income is recognised. when the charity has entitlement to the income, it is probable that the
income will be received, and the amount can be rneasured reliably.
Donations and Grants
Income from donations and grants is recognised, when re￿1Vable, except in the following
circumstances".
Vhere donors specify that funds must be used in future accounting periods, the income
is deferred until those periods.
Where conditions must be fulfilled before the charity becomes entitled to the income, the
income is defeffed and recognised only when the conditions have been met.
Sponsorship or donations relating to trips or activities occurring in a future accounting
period are deferred until the relevant event takes pla￿.
Trading Activities
A core elernent of Home Leone's vision is to develop enterprises that create livelihood
opportunities and employment within the village. Income from these trading activities is
recognised at the point of sale.
Resource expended
Expenditure Recognition
Expenditure is recognised on an accrual basis and is reported inclusive of any irrecoverable
VAT. All costs are allocated to the single charitable activity undertaken by the organisation, as
the charity's work is directed towards achieving tts primary objective.
Cost of generating voluntary income
These include those costs incurred with third parties in the UK who promote fund raising, including
events.
13

Home Leone Limited
Governance activity
These represent costs incurred in managing the charity, its organisational adrninistration and
Complian￿ with constitutional and statutory requirements.
Gifts in kind
The gtfts will be recorded at rnarket value at the time of receip( unless otherwise specified. INhere
the market value is dtfficult to aS￿rtain they will be recorded at the cost of the item to the donor.
or in the case of goods that are expected to be sold, the estimated resale value after deducting
the cost to sell the goods. In the case of donated seplices the value will be the rep1a￿rnent cost
of that service. the amount that the chanty would pay in the open market for an ajtemative item
that would provide a benefit to the charity equivalent to the donated item.
If it is impractical to measure the fair value of goods donated for resale or rf the costs of valuation
outweigh the benefft to users of the accounts, the donated goods will be recognised when they
are sold. The fair value of a gift will be reduced by the cost of:
Removing any restriction before the asset can be used or sold.
Any distributs.on costs, if the goods are to be distributed freely.
The contribution of general volunteers is not be recorded in the accounts.
1.7 Tangible r￿ed assets
Assets intended for continuing use by the charity are caprtalised provided their cost exceeds
£1 ,000. The net book value shovm at the balance sheet dates are stated at cost less depreciation
and provision for impainnent in value. Depreciation is provided on tangible fixed assets at the
following rates per annum so as to write off each asset over its estimated useful working life:
Freehold Land
- Not depreciated and revalued at 30 April 2024
Buildings
Not depreciated and revalued at 30 April 2024
Enterprise Assets
- 3 years straight line
Office Equipment
3 year5 straight line
Motor Vehicles
3 years straight line
All land and buildings. apart from the school. are revalued on an annual basis by a person within
the charity who has knowledge of the relevant property market. A separate revaluation reserve is
shown wtthin the funds analysis on the balance sheet. The revaluation gainllosses is recognised
as 'Gainsllosses on the revaluation of fixed assets, within the Statement of Financial Activity.
Revaluation losses will be recognised as an expense in the relevant expenditure heading of the
Statement of Financial Activity rf they do not offset any previous revaluation gain. Any gain on
disposal over the carying amount will be recognised in 'Othef income V￿thin the Statement of
Financial Activity.
As the land and buildings revaluation is reviewed each year these assets are not depreciated.
The residual value of the school is in excess of the cost of acquiring it, so is not being depreciated.
Work in Progress
Work in Progress comprises partly completed buildings_ It is based on the cost to the end of the
year that has been spent to get each building to that current state of completion. Vvhen complete
and commissioned, the cost of the construction of each building is transfe￿ed to fixed assets.
14

Home Leone Limited
Stock
Stock comprises bricks, water bag materials, fvel and cement and are valued at the lower of cost
and net realisable value.
1.10 Fund accounting
Funds held by the charity are either.
Unrestricted funds." These are funds which can be used in accordance with the
charitable objects at the discretion of the trustees.
Resti7¢ted funds.. These are funds that can only be used for particular restricted
purposes within the objects of the charity. Restrictions arise when specffied by the donor
or when funds are raised for particular restricted purposes.
1.11 Foreign currencies
Transactions in foreign currenaes are translated at rates prevailing at the date of transaction.
Balances held at a period end denominated in a foreign cu￿encY are translated at the rate
prevailing at the period end.
1.12 Invesknents
When addrtional funds are available for investment these are placed on a bank deposit having
regard to retums and security.
1.13 Finan¢ial Instruments
The charity principaSly has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments (induding debtors and creditors) are initially
recognised at transaction value and subsequently measured at their settlement value.
2. Legal status
The company is limited by guarantee. The maximum contribution required by members of the
company is an amount not exceeding £1 in the event of the company being wound up. Under
the Memorandum and Artides of Association, any surplus of assets over liabilities on viinding-
up cannot, under any Gircumstances, be distributed to the trustees, but shall be given or
transferred to some other charity or charities with similar objects to those of Home Leone.
3. Internally Generated Income
A core pillar of Home Leone's vision is to build enterprises to enable the village to create
livelihood opportunities and employment This year saw income from these activities including,
brick making, a garage, a water bagging plan( construth"on, metal and wood fabrication.
4. Net incoming resources
The net incoming resources are stated after charging:
2025
2024
Independent Examiners, remuneratson
Depreciation - owned assets
Directors, emolurnents and other beneffts
3,300
23,832
3,000
5,507
68,765
3,000
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Home Leone Limited
5. Charity's Activities Costs
Direct
costs
202S
Support costs
2025
(See note 6)
Total
2025
Total
2024
Help and Development
341,545
10,392
351,937
399,516
6. Supportcosts
Management
2025
Finance
2025
Governance costs
2025
Total
2025
Total
2024
Help and
Development
5,900
4,492
10,392
20,076
7. Transfer between Funds
In 2025, Home Leone made no transfers between funds. In 2024. £3,000 was transferred from
restricted funds to unrestricted as a donor waived the restriction.
8. Tangible Fixed Assets
Land and Business
Buildings
Assets
Office Overseas
Equipment
Motor
Vehicles
Total
Cost
At 1 May 2024
Additions
Disposals
36.848
At 30 April 2025 1,671.886
1,653,890 116,049
22,189
515
6.050
16,654
59,732
1,851,860
55,359
66,381
59.732 1,840,838
23,483
92,566
Depreciation
At 1 May 2024
Charge for year
Disposals
29,664
7,229
112,577
2,664
19,905
1,900
6,051
47,693
12.039
209,839
23,832
29.534
At 30 April 2025
91,758
59.732
204 137
Net book value
At 30 April 2025 1.634.993
808
900
1,636,701
At 30 April 2024
1,624,226
3,472
2,284
12,039
1,642.021
The land is held by Home Leone, a chanty based in Sierra Leone in trust for Home Leone in the
UK.
16

Home Leone Limited
On 30 April 2024, the trustees reviewed its policies conceming land and buildings. In the light
of significant inflation. they decided to revalue them at that date. There are no reliable external
professionals who are qualified to provide an independent valuation. The trustees therefore
assessed the value based on sales prices of land and buildings in the Newton, Sierra Leone,
location at that date.
9. Work in Progress
2025
2024
Housing
Other Buildings
15.362
41,091
54,674
41,091
'Destiny Village. is being developed and will contain, commercial, residential and social
infrastructure. Once each building is completed, it is capitslised as Fixed Assets
Buildings.
10.Stock
2025
2024
Bricks
Water Factory_-..
13,292
519
6.446
877
11. Debtors
2024
Other debtors
Prepayments
21,716
760
22,476
232
23,916
12. Creditors: amounts falling due within one year
2025
2024
Sundry Creditors
Accruals
Deferred Revenue
Loan on Chicken Farm
Loan from Directors
26.008
9,221
7,500
36,750
84,779
27,000
48,250
120.234
To assist the cash flow and maintain the building momentum, directors lent £36,750 (2024 -
£48.250) to Home Leone. It carrtes no interest and is available for a period of up to 3 years.
13. Creditors: amounts falling due in more than one year
2025
Solar Power Lease
79,917
Home Leone entered a 20-year lease on charitable terrns to facilitate a first solar farm in
Destiny.
17

Home Leone Limited
14. Analysis of Net Assets between Funds
Revaluation
Reserve
2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total
2025
Tangible Fixed Assets
Current Assets
Creditors= amounts falling due
within one year
Creditors= amounts falling due
in more than one year
Total Net Assets
786.361
850.340
65,520
1,636,701
147,000
81,480
(84,779)
(84,779)
79,917
751,164
79,91
1,619,005
786,361
81.480
Revaluation Unrestricted Restricted
Reserve
Funds
Funds
2024
2024
2024
Total
2024
Tangible Fixed Assets
Cu￿ent Assets
Creditors: amounts falling due
within one year
Creditors: amounts falling due
in more than one year
Total Net Assets
793,196
848.825
56,658
1,642,021
124,409
67.751
(120,234)
(120,234)
793,196
702,065
67,751
1,563,012
15. Restricted and Unrestricted Funds
The income funds of the charity include restricted and unrestricted fvnds comprising the
following unexpended balances of donations, grants and other incoming reSoUr￿S to be
applied for these purposes:
Current Year
Brought
forward
Expenditure Transfers
fO￿ard
Restricted Funds
Land and Homes
Staff Members
Containers
Sierra Leone Help
Funds
Education Fund
Healthcare Fund
School Buildings
village
Development
Total restricted
Funds
Unrestrlcted Fund
United Kingdom
8.000
1,855
25,000
18.191
(18,235)
(346)
3,000
2,654
37
10,157
300
6,370
52.488
2,870
15,665
(6,241)
166
(3,000)
(3,170)
{41,722j
21.208
137
67.751
3,580
(1,121)
{110,435)
2,596
81,480
702.065
290.601
(241.502)
751,164
Revaluation Reserve
793,196
1.563,012
6,835
(358.772)
786,361
1,619,005
414.765
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Home Leone Limited
Previous Year
Brought
forward
Income
Éxpenditure Transfers
forward
Restricted Funds
Land and Hornes
Staff Members
Teams
Sierra Leone Help
Funds
Education Fund
Healthcare Fund
School Buildings
Village
Development
Total Restricted
Funds
Unrestricted Fund
United Kingdom
Revaluation
Reserve
25,592
3.746
3.000
1,961
{17,592)
(12,785)
(14,734)
(19,206)
10.894
14.734
17.282
(3,000) _
37
42,515
2,997
37,500
1,082
(34.949)
(3,122)
(27,985)
(1,257)
425
37.750
312
300
47,265
137
75,377
(131,630)
{3,OOOj
67,751
707,719
259,231
(267.885)
702,065
793,196
793,196
783,096
1,179,431
(399.515)
1,563,012
Restricted funds are held for the following purposes:
Land and Buildings in Sierra Leone
Allocated to acquire land and buildings fulfilling
Home Leone's vision
Income and expenditu￿ for staff raising their own
support
Income and expenditure given for the purpose of
sending gifts in kind in containers from the UK to
Sierra Leone
Income and expenditu￿ in tsking corporate teams
overseas
Income set aside to assist with crisis situations our
staff come across
Income and expenditure for students in whom
Home Leone is investing
Funds raised to develop Home Leones healthcare
initiatives
Funds raised to build schools
Funds raised for Destiny Village infrastructure and
environmental projects
For income and expenditure artsing from Home
Leone projects from the UK
Staff Members
Containers
Sierra Leone Help Funds
Education Fund
Healthcare Fund
School Buildings
Village Development
United Kingdorn
19

Home Leone Lirnited
16. Related party disclosures
Related paty transactions not recorded elsewhere include the following. The charity is
controlled by the trUSt￿s. £3.000 was paid in salary to one trustee during the period
(2024 - £3,000). Two Trustees expenses were partially covered by the chartty during
the year amounted to £8.220 (2024 - £5,864). These expenses reflected flig hts, visas
and other travel costs enabling the trUSt￿S to fulfil their roles as volunteers. Trustee's
donations more than cover the expenses and salary for which they are reimbursed and
paid.
The trustee paid a salary was Nigel Hyde and his payment is authorised under the
charity's Memorandum and Articles and confirmed in writtng by the Charity
Commissioners in May 2019. He received no pension nor any other beneffts of any
kind. No benefft was paid in respect of his role as a trustee.
Trustee donations totalled £58,949 for the year.
17.Staff Costs
The charity had two (2024: five) UK eMploy￿S engaged in charitable activities during
the period. No employee re￿iVed remuneration exceeding £60,000.
2025
2024
Gross wages
Employerfs NIC
Employer's pension contributions
15,000
40,983
1,383
15,000
42,366
20