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2023-06-30-accounts

for children HOPE FOR CHILDREN . Annual Report & Financial Statements For the Year Ended W"., 30 June 2023 Charity Number: 1161729 - Company number: 9553484 *

Report of the Trustees: year ended 30 June 2023

Contents Page
Objectives & Activities for the Public Benefit 2
Programme Highlights 4
Monitoring Achievement 12
Fundraising 13
Financial Review 15
Strategy & Plans for the Future 16
Structure, Governance & Management 17
Reference & Administrative Information 18
Statement of Trustee’s Responsibilities 19
Independent Examiner’s Report 20
Statement of Financial Activities 21
Balance Sheet 22
Statement of Cash Flows 23
Notes to the Financial Statements 24

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Report of the Trustees: year ended 30 June 2023

Report of the Trustees of Hope for Children for the period ended 30[th] June 2023

The Trustees are pleased to present their annual report and the independently examined financial statements for the year starting 1 July 2022 and ending 30 June 2023.

The Trustees of Hope for Children confirm that the financial statements herein comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

In 1994, Hope for Children was founded and established as an unincorporated association (charity number 1041258). In June 2017 Trustees completed the process for Hope for Children to become an incorporated charitable organisation with a new charity number 1161729 (as part of their continued commitment to providing the best level of governance and accountability for the organisation).

Charitable Objectives and Activities for the Public Benefit

Hope for Children is an international development charity that passionately believes in a world where every child has a happy childhood that prepares them for a positive future. Hope for Children creates opportunities for overlooked, vulnerable and exploited children living in extreme poverty by improving their access to education and healthcare whilst empowering their families through sustainable livelihoods initiatives to support and provide for their own children.

Hope for Children’s impact is only possible through the generous support of individuals and organisations including institutional funders, charitable trusts, university students and private companies to financially support the delivery of programmes and operational costs.

Hope for Children’s current strategic priorities are:

  1. Raise awareness of children’s rights

Children’s rights are at the heart of everything that Hope for Children does. We believe that positive, long-term change is achievable when children and the communities they live in, understand, embrace and actively promote the rights of children.

2. Enable children to access education

Hope for Children believes that education is one of the most powerful ways to lift children out of poverty, reduce inequalities, provide protection from exploitation and abuse; offering improved opportunities for a better future.

3. Enhance access to health care and support

Some of the world’s children experience further disadvantage due to the multiple barriers they face during childhood. Hope for Children is committed to supporting children, who in addition to abject poverty, also have to contend with disabilities, illness and the impact of caring for parents affected by disease such as HIV/AIDs.

4. Enabling families to secure sustainable livelihoods

Enabling families to create sustainable livelihoods is a growing priority for the Charity. The families that Hope for Children work with deserve to live in dignity and security; they tell us that they want to care and provide for their own families. Hope for Children believes that enabling families to prosper and take control of their own future has a far-reaching impact not only on their children’s lives but on their confidence and self-esteem.

  1. Enable marginalised children to access opportunities Issues such as poverty, abuse, exploitation and lack of access to services/opportunities are exacerbated for women, girls, those with special needs/illness and/or from specific ethnic/religious groups. Hope for Children is a non-political, non-sectarian organisation and is committed to promoting opportunities for the most marginalised children and young people in the multiple countries where we work. Lack of access and poor-quality education and healthcare have serious consequences for groups at risk of social exclusion. Our goal is to help influence long-term, widespread changes in the attitudes and beliefs of the communities in which we work about gender, disability, illness and any other discriminatory factors that exacerbate inequity.

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Report of the Trustees: year ended 30 June 2023

Hope for Children’s strategic priorities and programme of work are in line with the Objects of the Charity as set out in our governing documents – ‘for the benefit of children, young people and their families primarily living in developing countries and, in particular but without limiting the foregoing, to relieve the poverty and sickness, advance the education and protect the good health of such persons’. The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, in planning future activities.

The Trustees are pleased to report that the Charity continues to deliver significant impact against its strategic priorities. Progress against the strategy and the environments we operate in are regularly reviewed to ensure that Hope for Children’s strategy continues to be relevant and impactful, fully supporting its charitable objectives and delivering public benefit.

Review of Achievements and Performance

Hope for Children continues to excel in delivering quality and impactful programmes that make a real difference to the lives of the children we serve. Impact is our priority; along with rigorous safeguarding. We are proud to deliver a diverse portfolio of projects across the world that respond in tailored ways to the needs of children and their families. We do not operate a one size fits all approach to programme design and implementation - instead, working closely with local people and specialist partners to develop robust education, health, livelihoods and child-rights projects that meet local needs and develop individual/family/community capacity. The charity has supported in-country partners to maintain programmes where safe and feasible at all times. This year we focused on increased in-country investment to ensure more children were supported whilst decreasing our reserves that were temporary inflated with a significant legacy.

Project Implementation

Hope for Children implements and manages projects directly and in partnership with local, not-for-profit CommunityBased Organisations (CBOs) and Non-Governmental Organisations (NGOs) who are uniquely positioned to be the catalyst for long-term meaningful change. In 2022/23 we directly implemented our programme of work in Uganda and continued or developed new partnerships to deliver our charitable objectives in the UK, Kenya, India, Sri Lanka and the Philippines.

Working with and developing the capacity of our grassroots partners is a key strategy for Hope for Children recognising that they are uniquely positioned to understand the issues, context and to implement, innovate and deliver change sustainably for children and their communities. Hope for Children proactively identified partners and works with them to plan, design, budget, project and contract manage programmes for effective implementation and delivery. Hope for Children’s grants policy is to deliver our programme of work through grants to these partner organisations (for project costs, capital expenditure, equipment, salary and operational costs) with agreements which typically last at least 12 months in duration and include formal monitoring reporting and financial accounting requirements.

Hope for Children values its partners’ local knowledge, expertise and vision for long-lasting change across the communities. Partnerships are based on equality, integrity, transparency, accountability and the sharing of best practice. Our rigorous partner selection process and capacity building approach supporting them to develop good governance, operational, financial and child safeguarding policies and practices.

The Charity does not accept unsolicited funding applications and does not provide partnership grants to:

During the next accounting year we will fully implement our new Programmes processes and tools. Hope for Children is very much looking forward to launching this later in 2023.

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Report of the Trustees: year ended 30 June 2023

Highlights of the Charity’s achievements over the past year include:

India:

Over the past five years, Hope for Children have partnered with Modern Architects for Rural India (MARI) to implement our Achieving WASH for Rights to Education (AWARE) programme. Reaching children throughout the Jangoan District of Telangana State in India, AWARE is focused on tackling barriers to education by providing adequate access to water, sanitation, and hygiene resources in education settings.

In 2022 we worked with MARI to extend the programme into its third phase to support 3 more High Schools in the Jangoan district. This brings the total number of schools with improved water, sanitation and hygiene (WASH) facilities to 45, with a further 225 children directly benefitting from the programme this year.

The project outcome:

This project has been delivered by our community-based partner MARI, a leading non-governmental organisation (NGO) in Telangana. MARI provide a range of programmes designed to help people improve their living standards.

The outcome of the AWARE programme is improving the availability and accessibility of water, sanitation and hygiene (WASH) facilities to support better educational achievement.

This outcome is guided by three key objectives:

Improving WASH knowledge and behaviour amongst children in schools:

WASH interventions focusing on improving behavioural change are crucial to enable school children not only to pay full attention in class, but also lead a healthy lifestyle – both education and health are basic child rights.

Providing communities with the skills and resources to keep well-maintained WASH facilities:

WASH awareness Clubs were formed in all three of the project focus high schools. The clubs, run by the school communities, are a chance for the students to actively engage with resources and information about toilet usage, handwashing, personal hygiene and menstrual hygiene. These clubs have been very important to the sustainability of the project, ensuring that WASH knowledge continues to be absorbed and disseminated throughout the community. Further, at the Village and School level, WASH task force teams have been formed to organise further training and to address the WASH needs of their children in the project focus schools. Supporting the students and WASH Clubs, specialist training sessions on Menstrual Hygiene Management have been conducted for adolescent girls, to promote the usage of safe absorbents and safe disposal in the new WASH facilities. Members of Vanaparthy High School have shared information about WASH behaviours in a meeting organised at village level.

Developing learning-sharing opportunities to showcase work for replication:

The project implementation has generated valuable learning, and MARI has now developed special expertise in planning and implementing multi-stakeholder led interventions for improving WASH facilities in schools. In this past year, MARI have organised two major public awareness campaigns on WASH behaviour at Jeedikal and Vanaparthy village councils, expanding the reach of this work beyond the schools and into the heart of the communities.

We want to congratulate MARI on all their accomplishments this year. Well done MARI!

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Report of the Trustees: year ended 30 June 2023

KENYA:

In this past reporting year, Hope for Children continued to support two Early Childhood Development Centres (ECDCs) in Kisumu, Kenya, in partnership with our brilliant local partner CIVS (Kenya). Ensuring quality social and educational development for disadvantaged and vulnerable children aged 2-5, the two ECDCs are an important part of their communities. Across the ECD centres, a total of 190 children are provided with a nutritious meals including breakfast and lunch during each school day. The average class attendance rate for both kindergartens observed over the 2022/23 period is over 90%. This is an incredible success!

Kolunga Primary School

In addition to supporting the two ECDCs, during the past year Hope for Children were able to extend our support to the local feeder primary school for our Ahero ECDC. From the beginning of the school year, CIVS facilitated a school lunch programme for over 230 children at the primary school. Without this programme the pupils would not have breakfast or lunch and only a simple meal of rice in the evening. We are glad to report that the health, nutrition and educational achievement of students at the school has improved as a result of the feeding programme. This will be further monitored in the coming year.

Classroom Construction and Renovation:

In 2022, Hope for Children supported the construction of a new learning block at Kolunga primary school in Ahero; consisting of two new classrooms and a head-teacher’s office. Previously, the school dealt with severe overcrowding in classrooms, which greatly impacted pupils’ ability to learn. As a result of the new two-classroom block, the school has been able to comfortably accommodate 90 children into the new classrooms.

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Report of the Trustees: year ended 30 June 2023

Hope also supported the refurbishment of several other classrooms for primary age children. The school was built in the 1950s by British missionaries and has seen no investment or maintenance since.

Figure 1 Left: Classroom block before

Figure 2 Above: Classroom block after

In addition, Hope for Children also supported the furnishing of the new learning block providing:

We are thrilled with the impact that the new classrooms along with desks and chairs have achieved. Congratulations and thank you to CIVS for all the incredible work you have accomplished this year.

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Report of the Trustees: year ended 30 June 2023

PHILIPPINES:

This year Hope for Children were able to continue our support of partners in the Philippines, the Pangarap Foundation and their Paliparan Community Development Program. Each year we support the Pangarap Foundation to hold their annual Sports Festival, engaging children and young people aged 10-20 in social and physical wellness through sports and games.

This past Sports Festival hosted at total of 172 children across 2 days of activity. Providing a safe environment, encouraging coaches and mentors, sports equipment and nutritious food and drink throughout the two-day festival, the festival provided enjoyment and learning for both the young people that participated as well as the adults that helped to organise the activity. The Sports Festival gave them the opportunity to meet new people and make new friendship, breaking out of the isolation many of these low income and underprivileged families face. The participants were able to develop a sense of self-belonging and confidence through activity, supporting their development of good relationships in the neighbourhood and establishing notions of trust and teamwork.

SRI LANKA

During this year we continued to support four vital projects being delivered in Sri Lanka, partnering with a range of small community-based organisations in the capital Columbo, rural Nuwara-Eliya and Batticaloa. Hope for Children has continued to focus its services on children living in the most disadvantaged communities in urban and rural Sri Lanka.

Our Partners and Projects:

In the midst of Sri Lanka’s ongoing economic crisis, the value of these four projects cannot be understated. In May 2023, Hope for Children CEO Julie Davis visited our Sri Lanka projects to engage with the important work undertaken, how we can continue to support our valuable partners and celebrate these critical, positive outcomes for children. Julie is pictured above with children from MENCAFEP.

Children at MENCAFEP starting their day with movement and song in the sunshine supported by a truly committed staff team.

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Report of the Trustees: year ended 30 June 2023

LANKA PLUS: The Living Positively Project:

Facilitated by our local partner Lanka Plus, the Living Positively Project provides financial support in the form of bursaries to children affected by HIV/AIDS. The children supported through this project come from extremely deprived families and communities. Most of these children only have one parent (or none) and are being cared for by a relative; many are elderly and are unable to be the daily wage earners, leaving their families with no stable source of income. The bursaries that we deliver help support the children’s health, nutrition and educational needs, giving them the chance to have a healthy and happy childhood. Between 2022 and 2023, a total of 66 children were supported with these bursaries: including 26 HIV+ children. As a result of the Living Positively Project, a great number of children have successfully gone on to complete their education and pursue employment or tertiary/vocational education.

Ceylon School for the Blind:

Over the past year Hope for Children have continued to support a school for blind children situated in Columbo. Students are admitted according to their needs and come from across the island to receive this specialist education. The causes of their blindness are various, and many of the children have complex special needs. A total of 95 children attend the school, 91 of whom are boarders.

Through our partnership and our Hope funded co-ordinator, the school have been able to facilitate a number of recreational activities such as swimming lessons, chess, carom, guitar, playroom, and an audio centre. Children from the adjoining deaf school also take advantage of the swimming pool.

In this past year, the school have also introduced a number of new vocational training classes such as Candle Making, an Authorship Course, Sewing for the Blind, Home Gardening, Piano Tuning/Mechanics, Braille Writer Repair and Call Centre Operation.

In conjunction with the school’s tailored academic curriculum, the extra recreational and vocational opportunities that Hope for Children support contribute to a holistic education that leads students onto successful further education and employment opportunities.

Sudarshana Pre-School:

Ceylon School of the Blind Cricket Team

Managed by our local partners Moratuwa Social Services Society (MSSS) with support from Hope for Children, the aim of the pre-school programme is to support the children of families living in poverty by providing them with preschool education, meals and opportunities to develop their social skills.

Instilling positive values, the pupils of this preschool are afforded invaluable early-childhood development and emotional growth. Children come from low income and poorly educated families living nearby, many experiencing one or more of a complex number of issues including debt, drug abuse, sex work, criminality, and imprisonment of a family member. Attending the pre-school enables the children to engage in healthy experiences and relationships which will positively inform their development.

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Report of the Trustees: year ended 30 June 2023

In the midst of Sri Lanka’s economic crisis in 2022, many parents faced challenges in providing a balanced nutritional meal. Through the nursery each child was provided with a snack and a glass of milk every day. As of January 2023, the nursery was able to upgrade this snack to a mid-day meal, ensuring that each child would have a minimum of 1 nutritious meal per day.

Parents were delighted to speak with our CEO on her visit in May 2023. They expressed how important they consider education to be and how they appreciated the opportunity for their chidlren to attend nursery regularly.

MENCAFEP – Educare for the Disabled

Our local partner MENCAFEP is an organisation that supports children with disabilities, providing a nurturing environment for children who would otherwise be at risk of abandonment or exploitation. In the past year MENCAFEP supported 120 children , providing a wide range of support catering for many different special needs. The organisation has facilities in both Nuwara Eliya and Batticaloa, working with children and families from across the island. This is supplemented with community satellite provision in isolated rural areas where travel to a centre is not possible. MENCAFEP work closely with local education & social services; some staff are based at Batticaloa site. MENCAFEP is also partnering with local schools to develop integrated provision where children with disabilities are still able to experience inclusive education.

Mencafep Special Education Needs Students being cheeky in the library.

With the support of Hope for Children, MENCAFEP has been able to continue investing in the specialist resources and facilities needed to maintain their unique facilities. During 2022 – 2023 the organisation was able to operate several specialist units including: an Inclusive Pre-School, Special Educational Resource Centres, Family Respite Care Centre, Sheltered Workshop/Vocational Training Unit and Profoundly Disabled Unit.

Further, they have also expanded their work beyond the facilities in Nuwara Eliya and Batticaloa reaching even more families through their Home Visit and Outreach Work Unit.

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Report of the Trustees: year ended 30 June 2023

UGANDA:

Our dedicated Hope for Children team based in Uganda deliver an intensive programme of support for children and families living in Namuwongo, a slum on the outskirts of Kampala. Working with the community to identify and protect the needs of Namuwongo’s most vulnerable children, our team deliver four core projects.

Our priority children are:

Walk 2 School:

Established almost 15 years ago to ensure children got to school safely,

from 2022 to 2023 the Walk 2 School (W2S) project has supported 103 children by providing school uniforms, equipment and school fees as well as counselling, practical support for emergency basic needs (e.g. food, rent, healthcare), vocational training, and maternal health education.

As a consequence of extreme poverty, many of these children had been forced to sacrifice their education and their childhoods to support their families. By working to alleviate these pressures, the W2S project has enabled child heads of household to return to education and begin to redefine their own futures.

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Report of the Trustees: year ended 30 June 2023

Girls United:

Building confidence and positive relationships through football-based play, the Girls United project brings adolescent girls together to gain sexual and reproductive health knowledge. In addition to teaching the facts of sexual health, the project also empowers them to care about their own health & well-being and be confident in accessing locally available services. Over the past year 85 young girls have joined the team, forming friendships that provide comfort and relief in the face of extreme adversities. These girls are not enrolled in schools and struggle with daily life and the challenges it presents.

Trauma and Wellness:

Football Practice for the Girls United Team

Serving many of the children that come to Hope for Children through other projects, the Trauma and Wellness programme supports some of Namuwongo’s most vulnerable children dealing with unimaginable trauma. Working in partnership with the local hospital, we are able to connect at-risk children with mental health professionals. In addition to providing counselling, the team also support the children throughout their therapeutic sessions, helping them to deal with issues that negatively impact their wellbeing and ensuring there are no barriers to them continuing to access mental health support. 282 children and young people have been directly helped by the programme.

Street Business School:

This past year, Hope for Children have successfully delivered the fourth iteration of our Street Business School (SBS) Programme. Providing training, practical skills and mentorship, the Street Business School programme supports unemployed and low-earning individuals (particularly women) to develop their entrepreneurial skills and help them to gain financial independence. Hope endeavours to support sustainable family life with dignity.

From this cohort, 13 males and 28 females completed their training and graduated from the SBS in December 2022.

Shortly after completing the training, the majority of graduates had successfully started a new business, expanded their current business or opened a complementary business.

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Report of the Trustees: year ended 30 June 2023

UK:

In 2022-2023 Hope for Children continued our ongoing collaboration with our UK partner Home-Start Knowsley, who provide support to children and families living in poverty within the in Knowsley local authority in Merseyside. As a result of the books provided through The Dolly Parton Imagination Library, the Home-Start team have been able to enhance the service they already provide to vulnerable families.

This year Hope for Children and Home-Start have provided a total of 2,078 books to 410 children.

Encouraging reading within families, the recipients of these books have benefitted from developed literacy skills as well as emotional and social enrichment thanks to the quality time spent sharing stories with their families.

“The Dolly Parton Imagination Library is amazing. It is an enhancement to the service we provide to vulnerable families in the Knowsley area. Volunteers and staff are able to encourage reading within families utilising the books that are provided”.

Helen Bushell-Honnor, Perinatal Support Worker: Home-Start Knowsley

Both my kids absolutely love the scheme. They look forward to the beginning of the month and reading the envelope to find out whose is whose book. We then sit together and read both. This has massively helped with story time as my youngest just wanted to turn the pages now she sits listens and asks questions just like my eldest does. I think my son will be devastated when he turns 5 as only in a few months’ time he’s deffo going to miss his monthly delivery. I’d just like to say a massive thank you I think this is a wonderful scheme.

Parent, Knowsley Dolly Parton Imagination Library

MONITORING ACHIEVEMENT

Hope for Children is committed to the continued strengthening of its Monitoring, Evaluation, Accountability and Learning (MEAL) processes to ensure the efficient management of its activities and effective reporting on outputs, outcomes, reach and impact of these activities. The Charity utilises the MEAL cycle at every stage of project development, implementation and post-project planning. The Charity works through a theory of change model; develops Logistical Frameworks (logframe) for all its programmatic work to plan for and demonstrate the link between a project/programme’s activities (outputs) and achieving the intended results (outcomes). The outputs and outcomes form the key MEAL questions and indicators to evidence the progress and change Hope for Children make through their work. The Charity deems children and adults as ‘reached’ if they benefitted from Hope for Children’s intervention regardless of the extent/size of the benefit received – for instance the provision of a school uniform, receipt of micro-credit and membership of a children's club. The Charity recognises that children and adults reached by their programmes might not be experiencing a change or lasting impact on their lives, therefore reach will always be ‘wider’ than impact .

Beneficiaries: July 2022 – June 2023

----- Start of picture text -----
Country Beneficiaries
Kenya 466
Uganda 761
India 225
Sri Lanka 311
UK 410
Philippines 260
TOTAL 2433
----- End of picture text -----

In this accounting period 2433 children and adults directly benefitted from Hope for Children’s interventions/activities. The success and impact that the Charity has had on the lives of overlooked, vulnerable and exploited children is entirely down to the relentless support of Hope for Children’s team of staff, trustees, donors, fundraisers, corporate supporters, volunteers and partners who always go the extra mile to make a difference. Hope for Children is immensely grateful for this continued commitment and love of our mission.

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Report of the Trustees: year ended 30 June 2023

Fundraising

It has been a busy year for our amazing Team Hope fundraisers! We’ve had two London Marathons, one Marathon des Sables (one of the hottest yet!), many student fundraising treks and challenges, and a successful Christmas Big Give campaign that funded the building of a primary school classroom in Kenya. We are blown away by the efforts our fundraisers have gone to this year and their incredible generosity in giving so much time and energy to supporting Hope for Children.

Student fundraising has really bounced back following a few tough years during the pandemic, and we are so pleased to see so many students grow into amazing fundraisers and brilliant advocates of Hope for Children. A huge well done to all of them, with a special mention to our student fundraisers in Cardiff who took on a Skydive or a Three Peaks challenge this year. Despite not having an established RAG, they did an incredible job of fundraising and a few of the fundraisers have now set up a RAG (Raise and Give) society at Cardiff University! We are so impressed by the way they have got stuck in and become committed student fundraisers and loyal Hope for Children supporters.

We have been delighted to continue our partnership with student charity challenge provider Endeavours Adventures and see students taking part in skydives and a range of trekking challenges, including UK Three Peaks, Machu Picchu and Jordan: Dana to Petra. We’re looking forward to another year of growth for our student fundraising!

Our Big Give Christmas Challenge was once again a huge success! Following a brilliant campaign in 2021, our aim was to raise £10,000 to build a classroom for Kolunga Primary School. Over the campaign week donations were doubled thanks to our pledgers, including Media I.M, and our charity champion, The Reed Foundation. We raised an amazing £10,007 which has built a new classroom for the school!

Previously, 76 children were being taught in one small classroom. The children can now safely, happily and healthily learn, sitting side-by-side in a classroom with good ventilation, with spacing and room to move. As we have built the classroom, the Kenyan Government has provided and funded a new teacher for the class. We are so grateful to our supporters who donated to the campaign, as well as our pledgers, Media I.M and the Sunny Bunnies, and our charity champion, The Reed Foundation.

London Marathon

For the first time ever, we had two separate London Marathon races across the 22/23 reporting year. The dedication and commitment from this year’s runners has been totally inspiring. In total our teams raised an astonishing £50,270.54. Thank you so much to each and every one of our runners, as well as to all amazing supporters who donated.

Huge congratulations!

October 2022 Runners:

Ricky (Pictured opposite in his magnificent Gruffalo costume), our beautiful mother daughter team - Yasmin & Jane, Matt, Jenna, Louise, Rachel, Robert, James, Tom, Nav, Mae, Kara, Alexandra, Jez, George and Nolan.

April 2023 runners:

Kevin, Claire, Jason, Chris, John, Ricky, Xinyu and Yaz.

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Report of the Trustees: year ended 30 June 2023

Marathon des Sables

We are continually amazed at the dedication and determination shown by our fundraisers who take on the Marathon des Sables, known as the “toughest footrace on Earth”. We had a brilliant team this year who went above and beyond with their fundraising and raised double the amount raised in 2022!

A special mention goes to Charlie MacKenzie who raised over £13,000 through his fun, creative fundraising events such as a horse racing night and a bingo evening. We loved watching his progress in the desert, particularly the dance routines he would do for the livecam at the end of every stage (including the macarena). This year was one of the hottest on record and Team Hope did incredibly well; collectively fundraising almost £62,000!

Tent 91 in the Sahara Left to right: Alan, Laurence, Dan, James, James’ friend, Marco

Left to Right: Alan, Charlie, Dan, Laurence, Marco, Lloyd

Awards

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Report of the Trustees: year ended 30 June 2023

Yasmin and Jane Brand: Winner of ’Team Hope Award’

We are very pleased to award Yasmin and Jane Brand the Team Hope Award for their outstanding fundraising achievement this past year. When Yasmin and Jane ran the London Marathon in October for Hope for Children, they raised a whopping total £7,758!

Lauren Gregory: Winner of the ’Ann Parsons Memorial Trophy’

We were delighted to award the Ann Parsons Memorial Trophy to Lauren Gregory, a Hope for Children ambassador, Team Hope MdS mentor and long-term supporter of Hope for Children. Lauren has previously done some amazing fundraising for Hope for Children, but this year was recognised for being so fundamental in making the MdS a success and supporting our MdS fundraisers.

Corporate & Trusts Support

Thank you to all the Corporates, Trusts and Foundations large and small for your support; it has helped us drive long term change for overlooked, vulnerable and exploited children living in extreme poverty. We look to expand our partnerships in the coming year. You all have our immense gratitude:

FINANCIAL REVIEW

Income

The significant impact that we are able to facilitate is only possible thanks to the generous and committed support of our donors, fundraisers, volunteers, corporate partners, charitable trusts and institutional funders. The total income for the year was £466,309. Fundraising continues to be extremely difficult in the challenging economic climate we are operating within. A significant contribution is derived from student challenges and sponsored events such as the London Marathon.

We have also retained £380,716 (unrestricted £366,924) to ensure we are more than able to meet the Charity’s reserves policy. This considerable reserve has been partially utilised during 22-23 on various projects; other funds are allocated to new projects in 2023 - 2024.

Expenditure

The total resources expended during the year were £590,716. We have spent £421,722 on charitable activities in supported projects across the world and profoundly impact the lives of over 2433 children and families . As planned charitable expenditure increased this year; we implemented a project-plan to maximise the impact of our legacies from the previous financial period.

We spent £168,994 on all other fundraising, operating and infrastructure costs. £102,266 was spent on raising funds, an increase compared to prior years. £66,736 out of total spent in raising funds, was directly attributable to delivering challenges and other fundraising events costs - i.e. such as marathon entry fees, flights, challenge operating costs, event venue hire, etc. A further £13,792 has been retained in restricted funds for commitments to existing charitable activities in the coming year.

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Report of the Trustees: year ended 30 June 2023

Reserves policy

Hope for Children is committed to using its funds for charitable purposes within a reasonable period of time and for those funds not to be retained as capital. The Charity recognises that the needs of children are immediate, and it, therefore, aims to use donor’s funds as soon as is possible. This is balanced against the need for prudent management of the Charity, ensuring sufficient resources are retained to support ongoing commitments, capital for growth and a financial buffer for unexpected variances to the budget. To this end, the Board regularly examines the short and longterm needs and the commitments of Hope for Children and has formulated a reserves policy to meet those needs. Trustees are committed to generating sufficient reserves to support current organisational activities, planned growth and to meet the following requirements:

To this end, Hope for Children aims to maintain unrestricted reserves equivalent to six months’ salaries, overheads, committed fundraising costs and committed unrestricted project expenditure, less six months guaranteed income. The level of unrestricted funds at year end was £366,924; this is sufficient to meet the Charity’s reserves policy target of £140,000. A further sum of £13,792 was carried forward as restricted reserves to be spent as specified by the donors. The total funds of the Charity at the year-end were £380,716. On this basis, the Trustees are of the view that the Charity is a going concern because it continues to be able to meet its obligations as they fall due; on the basis of expected activity during the current year to 30 June 2024 and by reference to initial plans for 2024-25, we have evaluated that H4C will continue to be able to meet its obligations for at least that foreseeable future.

Hope for Children’s reserves have been inflated over the previous accounting period; trustees and staff have implemented plans to dramatically increase charitable expenditure in this and the next financial period. The charity benefitted from an extraordinary legacy, in excess of £200,000; this was received in May 2022. New projects and activity could not start immediately; our portfolio of pipeline projects was initiated from July 2022 to ensure that all funds more than our reserves policy are deployed in priority areas reflecting our mission. We will deepen and expand our work in Uganda, Kenya, India, Sri Lanka, the Philippines and the UK. We will always remain alert to other areas of need. This will continue as we maximise the impact of our donors generosity.

Investment policy

Hope for Children’s policy is to invest funds that are not required for immediate use in a mixture of short-term and medium-term low risk interest bearing bank deposit accounts, primarily with CAF bank (wholly owned subsidiary of the Charities Aid Foundation) and Metro Bank. Both are regulated by the Financial Services Authority. We do not hold endowment funds. Investments in the named accounts continue to remain secure; however, yield is negligible.

Risk management

The Trustees and senior staff identify and review the major risks to which they believe the Charity is exposed to, particularly those related to programmes, finance, fundraising and child safeguarding, on an on-going basis; and work to ensure that appropriate controls are in place to provide reasonable assurance against fraud, negligence, carelessness and error. Risks are discussed at regular Trustee meetings, and a comprehensive risk register is maintained and reviewed annually by members of the Board of Trustees.

Hope for Children also works closely with its partners to deliver an appropriately risk-managed portfolio of activities whilst recognising that some of the work delivered through very small CBOs will naturally have a higher risk profile.

STRATEGY & PLANS FOR THE FUTURE

Hope for Children continues to strive to provide and enable effective interventions to some of the world’s most overlooked, vulnerable and exploited children – our mission is to be focused on providing for those whom the larger organisations cannot; the welfare of every child matters to us. To this end, over the coming year, the organisation will be conducting a strategic review to ensure its programmes remain relevant, impactful and offer donors good value for money. The future remains positive for Hope for Children; the charity is emerging from the pandemic in a stronger more agile position in which to flourish.

16

Report of the Trustees: year ended 30 June 2023

Key objectives for the Charity include, to:

The Trustees are confident that the Charity’s future strategy will provide an effective template for organisational stability, growth and delivering ever greater levels of impact to the children and families we support.

STRUCTURE, GOVERNANCE & MANAGEMENT

Hope for Children is a charitable company, incorporated at Companies House on 21 April 2015 and registered with the Charity Commission on 19 May 2015, with a new Memorandum of Association and Articles of Association.

Trustees had been aware for some time that the Charity’s legal structure, as an unincorporated association, was no longer appropriate for the size and scope of the organisation. Thus, the Trustees passed a resolution to ‘incorporate’ by establishing a new charitable company with similar charitable purposes as Hope for Children (unincorporated charity no. 1041258) and to transfer all of the assets and liabilities to the new incorporated entity – Hope for Children (Registered Charity no. 1161729 and Registered Company no. 09553484). The transfer of assets took place at midnight on 30 June 2017.

Directors and Trustees

The Directors of the charitable company (the Charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving during the accounting period, and on the date the report was approved, were:

  1. Helen McMillan

  2. Amanda Neylon

Chair re-appointed AGM 8.12.22

Co-opted 1.2.22

  1. Iain Smith Re-elected 1.2.22

  2. Emilie Giles Re-elected 8.12.22

  3. Adrian May

Vice-Chair re-appointed 8.12.22

  1. Jenny Phillips Re-elected 2022

  2. Julian Skeens Co-opted 1.2.22

  3. Dee Jethwa Appointed 1.2.22

  4. Tekeste Ghebray Tekie Appointed 1.2.22

  5. Jason Wollington Co-opted 27.6.23

  6. Abby Grewal

Resigned 24.8.22

  1. Geoff Cordell Resigned 31.12.22

  2. Lauren Gregory Resigned 27.6.23 14. Zeta Sear Appointed 19.7.23

17

Report of the Trustees: year ended 30 June 2023

Recruitment and appointment of new Trustees

As per the Memorandum of Association and Articles of Association, there shall be a minimum of 3 Trustees and a maximum of 10 Trustees (with 2 supplementary co-opted places at Board discretion). Trustees shall be elected by the Members at the Charity’s Annual General Meeting for a three-year term of office. Retiring Trustees may seek re-election at the end of their term of office, with no limit on the number of consecutive terms of office for which a Trustee may seek re-election. If at any time the number of Trustees falls below the maximum number of Trustees permitted, the Executive Committee may, by resolution passed by a majority of the Trustees of the Charity, co-opt up to two people as Trustees – provided that any such co-opted Trustee shall only hold office until the next Annual General Meeting of the Charity, at which he or she may stand for election.

All Trustees are selected through an open recruitment process, undergoing two interviews with the Chair, other Trustees and the Chief Executive. Trustees are selected based on the skills, experience and expertise they can bring to the charity in areas of governance, accounting, risk management, HR, law, children’s rights and international development.

Induction and training of new Trustees

New Trustees receive a half day induction to prepare them for their duties. Moreover, all Trustees undertake regular training and charity update sessions during away days held twice a year. The aim of the sessions are to ensure that Trustees have an up-to-date knowledge of key areas of the charity’s activities including financial and governance issues, HR, child safeguarding, risk management, programmes and partners.

Organisational structure & staff remuneration

Hope for Children is governed by a Board of Trustees that takes overall responsibility for its work and delegates day to day management decision making to the Chief Executive, with appropriate consultation with the Chair and Treasurer where necessary. Wider issues are taken to the appropriate Committees, of which there are three, and the full Board. The Chief Executive relies on the staff, volunteers, interns, advisors and stakeholders to support the effective running of the organisation.

All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 6 to the accounts. Trustees are required to disclose all relevant interests and register them with the Chief Executive in accordance with the Charity’s Conflict of Interest policy and withdraw from decisions where a conflict of interest arises.

The salary of Hope for Children’s Chief Executive is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the Charity and its commitment to keeping costs low, the Trustees consider that a multiple of up to 3 times the median average salary for UK employees is appropriate for this role; but at this time is not exercised as Hope still recovers from the pandemic years. The remuneration is also benchmarked with international development charities of a similar annual turnover and activity to ensure that the remuneration set is fair and aligned to that paid for a similar role. All salaries are reviewed annually, as per the organisational remuneration policy, and any increase is based on the cost of living increase over the last 12 months and will give consideration to the Consumer Price index movement for the previous year to 30 June. This salary increase is applied to all members of staff and is determined by the Trustees.

REFERENCE & ADMINISTRATIVE INFORMATION

Founder Dr Robert Parsons OBE Chief Executive Julie Davis (from 2.3.2020) Charity Number 1161729 (previously unincorporated charity no. 1041258) Company Number 9553484 Registered Office c/o CAD, 48 High Street, Hemel Hempstead, Hertfordshire, HP1 3AF Independent Examiners Godfrey Wilson Limited, 5th Floor, Mariner House, 62 Prince Street, Bristol BS1 4QD Principal Bankers CAF Bank Ltd, Kings Hill, West Malling, Kent, ME19 4TA Solicitors IBB Law, Capital Court, 30 Windsor Street, Uxbridge, Middlesex, UB8 1AB

18

Report of the Trustees: year ended 30 June 2023

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

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

Company law 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 of the income and expenditure of the charity for that period. 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 Companies Act 2006. 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 charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The Trustees are members of the Charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the Charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the Executive Committee of Trustees on 24 October 2023 and signed on their behalf by:

Helen McMillan

Helen McMillan

Chair of Board of Trustees

19

Independent examiner's report

To the trustees of

Hope For Children

I report to the trustees on my examination of the accounts of Hope For Children (the charitable company) for the year ended 30 June 2023, which are set out on pages 21 to 36.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner’s statement

Since the charitable company’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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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.

Alison Godfrey

Date: 26 October 2023 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

20

Hope For Children

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 June 2023

Restricted
Note
£
Income from:
Donations and legacies
3
48,340
Other trading activities
-
Investment income
-
Total income
48,340
Expenditure on:
Raising funds
-
Charitable activities
65,613
Total expenditure
5
65,613
Net income / (expenditure)
6
(17,273)
Transfers between funds
-
Net movement in funds
(17,273)
Reconciliation of funds:
Total funds brought forward
31,065
Total funds carried forward
13,792		 Unrestricted
£
412,623
3,525
1,821
417,969
168,994
356,109
525,103
(107,134)
-
(107,134)
474,058
366,924		 2023
Total
£
460,963
3,525
1,821
466,309
168,994
421,722
590,716
(124,407)
-
(124,407)
505,123
380,716		 2022
Total
£
631,113
1,398
157
632,668
146,520
259,757
406,277
226,391
-
226,391
278,732
505,123

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 13 to the accounts.

21

Hope For Children

Balance sheet

As at 30 June 2023

----- Start of picture text -----
2023 2022
Note £ £ £
Current assets
Debtors 10 86,242 5,359
Cash at bank and in hand 324,837 535,662
411,079 541,021
Liabilities
Creditors: amounts falling due within 1 year 11 (30,363) (35,898)
Net assets and net current assets 12 380,716 505,123
Funds 13
Restricted funds 13,792 31,065
Unrestricted funds:
General funds 366,924 474,058
Total charity funds 380,716 505,123
----- End of picture text -----

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 24 October 2023 and signed on their behalf by

Helen McMillan

Helen McMillan - Trustee

22

Hope For Children

Statement of cash flows

For the year ended 30 June 2023

Cash used in operating activities:
Net movement in funds
Adjustments for:
Dividends, interest and rents from investments
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by / (used in) investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
(124,407)
(1,821)
(80,883)
(5,535)
(212,646)
1,821
1,821
(210,825)
535,662
324,837		 2022
£
226,391
(157)
17,695
(12,469)
231,460
157
157
231,617
304,045
535,662

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

23

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

1. Accounting policies

a) Basis of preparation

Hope For Children 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.

b) Subsidiary undertaking

c) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item 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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

24

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

1. Accounting policies (continued)

d) Income

Challenge event income is recognised as a donation on receipt as unconditional entitlement is met on receipt.

Income from other fundraising activities is accounted for in the financial year in which the event takes place. Income is deferred as appropriate.

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 paid or payable by the bank.

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.

Costs of raising funds consists of fundraising expenses, payroll giving commission, challenge costs, costs of goods sold, and costs of fundraising events. Expenditure for fundraising events is accounted for in the financial year in which the event takes place and is deferred as appropriate at year end. At the balance sheet date, the charity makes an accrual for challenge events expenditure of the total costs of each place booked on a future challenge at the time when the participant has raised sufficient costs to cover the costs of their place.

Charitable activities comprises all the expenditure directly related to meeting the objectives of the charity. It includes grants made, governance costs and an apportionment of support costs.

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

25

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

1. Accounting policies (continued)

h) Allocation of support and governance costs

2023 2022
Raising funds 38.5% 41.6%
Charitable activities 61.5% 58.4%

i) 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.

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) 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.

k) 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.

l) 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.

m) Financial instruments

The charitable company 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.

n) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

26

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

1. Accounting policies (continued)

o) 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. Exchange differences are taken to the Statement of Financial Activities.

p) 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.

The key source of estimation or uncertainty that has a significant effect on the amounts recognised in the financial statements is accrued legacy income, which is included within debtors - see note 1(d) above.

2. Statement of financial activities: prior year comparatives

Income from:
Donations and legacies
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds		 Restricted
£
£
74,500
556,613
-
1,398
-
157
74,500
558,168
-
146,520
61,514
198,243
61,514
344,763
12,986
213,405
2,700
(2,700)
15,686
210,705
Unrestricted		 2022
Total
£
631,113
1,398
157
632,668
146,520
259,757
406,277
226,391
-
226,391

27

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

3. Donations and legacies

Donations
Legacies
Grants
Challenges
Membership subscriptions
Total donations and legacies
Prior period comparative:
Donations
Legacies
Grants
Challenges
Membership subscriptions
Total donations and legacies		 Restricted
£
£
23,240
165,448
-
66,165
25,100
2,150
-
178,630
-
230
48,340
412,623
Restricted
£
£
29,516
197,308
-
211,008
44,984
-
-
148,027
-
270
74,500
556,613
Unrestricted
Unrestricted		 2023
Total
£
188,688
66,165
27,250
178,630
230
460,963
2022
Total
£
226,824
211,008
44,984
148,027
270
631,113

4. Government grants

The charitable company received no government grants during the current or prior year.

28

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

5.
Total expenditure
Staff costs (note 7)
Grants payable (note 8)
Other direct programme costs
Challenge event costs
Fundraising expenses
Printing and stationery
Office premises costs
Insurance
Consultancy
Sundry expenses
Independent examination
Legal and professional fees
Sub-total
Allocation of support costs
Allocation of governance costs
Total expenditure		 Raising funds
£
-
-
-
66,736
10,330
-
-
-
25,200
-
-
-
102,266
66,728
-
168,994		 Charitable
activities
£
-
294,630
6,178
-
-
-
-
-
10,870
-
-
-
311,678
106,744
3,300
421,722		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
3,300
-
3,300
-
(3,300)
-		 Support costs
£
132,935
-
-
-
-
417
17,932
1,615
-
5,558
-
15,015
173,472
(173,472)
-
-		 2023 Total
£
132,935
294,630
6,178
66,736
10,330
417
17,932
1,615
36,070
5,558
3,300
15,015
590,716
-
-
590,716

29

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

5.
Total expenditure
Prior year comparative
Staff costs (note 7)
Grants payable (note 8)
Other direct programme costs
Challenge event costs
Fundraising expenses
Printing and stationery
Office premises costs
Insurance
Consultancy
Sundry expenses
Independent examination
Legal and professional fees
Sub-total
Allocation of support costs
Allocation of governance costs
Total expenditure		 Raising funds
£
-
-
-
69,900
8,402
-
-
-
-
-
-
-
78,302
68,218
-
146,520		 Charitable
activities
£
-
151,493
9,686
-
-
-
-
-
-
-
-
-
161,179
95,578
3,000
259,757		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
3,000
-
3,000
-
(3,000)
-		 Support costs
£
124,942
-
-
-
-
178
15,219
1,624
325
2,982
-
18,526
163,796
(163,796)
-
-		 2022 Total
£
124,942
151,493
9,686
69,900
8,402
178
15,219
1,624
325
2,982
3,000
18,526
406,277
-
-
406,277

30

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

6. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (incl VAT)		 2023
£
Nil
Nil
3,000		 2022
£
Nil
Nil
3,000

7. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2023
£
122,833
6,456
3,646
132,935		 2022
£
115,138
6,349
3,455
124,942

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

The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer and Finance Officer / Manager. The total employee benefits of the key management personnel were £76,339 (2022: £71,460).

Average head count 2023
No.
6		 2022
No.
6

31

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

8. Grants payable

Hope for Children Uganda
RAINS - Ghana
MARI - India
CVIS - Kenya
Lanka Plus
School for the Blind
MENCAFEP
Moratuwa Social Service Society
Dollywood Foundation UK
Other recipients of non-material institutional grants		 2023
£
189,666
-
9,637
72,293
2,708
4,698
8,969
1,040
5,219
400
294,630		 2022
£
109,624
2,700
19,458
10,123
4,472
-
-
-
-
5,116
151,493

All grants payable in the current and prior periods were payable to institutions.

9. Taxation

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

10. Debtors

Trade debtors
Prepayments
Grants receivable
Accrued income
Creditors : amounts due within 1 year
Accruals
Other creditors		 2023
£
10,000
3,786
6,000
66,456
86,242
2023
£
29,929
434
30,363		 2022
£
-
4,584
-
775
5,359
2022
£
35,320
578
35,898

11. Creditors : amounts due within 1 year

32

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

12. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 30 June 2023
Prior period comparative
Current assets
Current liabilities
Net assets at 30 June 2022		 £
13,792
-
13,792
£
31,065
-
31,065
Restricted
funds
Restricted
funds		 £
397,287
(30,363)
366,924
£
509,956
(35,898)
474,058
Unrestricted
funds
Unrestricted
funds		 Total
funds
£
411,079
(30,363)
380,716
Total funds
£
541,021
(35,898)
505,123

33

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

13. Movements in funds

Restricted funds
India
Kenya
Nepal
Philippines
Sri Lanka
Uganda
UK CASPeR Knowsley
Other countries
Total restricted funds
Unrestricted funds
General funds
Total funds		 At 1 July
2022
£
5,551
10,897
41
1,150
-
207
8,791
4,428
31,065
474,058
505,123		 Income
£
-
13,589
-
1,070
1,050
24,631
8,000
-
48,340
417,969
466,309		 £
(5,551)
(24,486)
(41)
-
(1,050)
(24,838)
(5,219)
(4,428)
(65,613)
(525,103)
(590,716)
Expenditure		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-		 £
-
-
-
2,220
-
-
11,572
-
13,792
366,924
380,716
At 30 June
2023

Purposes of restricted funds

India

To support our work in India:

Kenya

We work with our partner CIVS (Kenya):

Nepal

We remain in discussions with our partners in Nepal to re-invigorate our work.

34

Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

13. Movements in funds (continued) Purposes of restricted funds (continued)

Philippines

Our work in the Philippines:

Sri Lanka

Our work in the Sri Lanka:

Uganda

We continue to have a dedicated Hope team located in Kampala servicing the needs of the Namuwongo community. This includes:

UK CASPeR Knowsley

This focuses activity in the Merseyside area in the northwest. The project responds to the increased need for young children to experience focused resources to nurture their communication and language skills. This is an exciting progression for the Hope for Children team. Autumn 2022 saw the first tranche of children recruited. We are delighted with the expansion to a total of 2,078 books and 410 children.

Other countries

To deliver projects that support our programmatic themes of education, healthcare, child rights and livelihoods.

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Hope For Children

Notes to the financial statements

For the year ended 30 June 2023

13. Movements in funds (continued)

Prior period comparative
Restricted funds
Ghana
India
Kenya
Nepal
Philippines
Uganda
UK CASPeR Knowsley
Asia
Other countries
Total restricted funds
Unrestricted funds
General funds
Total funds		 At 1 July
2021
£
-
6,700
-
42
1,522
-
615
2,072
4,428
15,379
263,353
278,732		 Income
£
-
23,963
21,020
1,934
1,300
17,987
8,176
120
-
74,500
558,168
632,668		 £
(2,700)
(25,112)
(10,123)
(1,935)
(1,672)
(17,780)
-
(2,192)
-
(61,514)
(344,763)
(406,277)
Expenditure		 Transfers
between
funds
£
2,700
-
-
-
-
-
-
-
2,700
(2,700)
-		 £
-
5,551
10,897
41
1,150
207
8,791
-
4,428
31,065
474,058
505,123
At 30 June
2022

14. Related party transactions

There were no related party transactions during the year (2022: none).

36