Annual Trustee Report and Financial Statements
2022
Legal and Administrative
Charity Name
Holy’s Home for Children
Address
Flat 1, 17 The Sidings Cowes Isle of Wight PO31 7FY
Telephone number
+233 (0)55 433 4778
hello@holyshome.org
Website
www.holyshome.org
Organisation type
Registered with the Charity Commission in England and Wales as a Charitable Incorporated Organisation (CIO) on 14 April 2016. Charity number: 1166541
Trustees
James Deacon (Chair) Nathaniel Lamptey Deborah Deacon
Where the charity operates
Ghana
Trustees Report
Governance
Holy’s Home for Children is a Foundation Charitable Incorporated Organisation with a governing Constitution dated 14 April 2016. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.
Those in charge of the directing, controlling and managing of the charity on a day-to-day basis are the trustees. Each of the founding trustees at time of registration were appointed for a term of three years, any new trustees must be appointed by a resolution passed at an official trustee meeting of the charity.
The work of the charity in Ghana is managed by Eric Acheampong and a team of local Ghanaians, both in consultation and construction of the home and its surroundings.
Objectives
The purpose of the charity as stated in the Constitution (14 April 2016) is:
For the public benefit, the relief of poverty of orphaned children in Ghana by building and operating an orphanage that provides safe accommodation, nutrition, emotional and practical support to the children who live there, enabling them to fulfil their potential.
The work of the charity is guided by the belief that every child deserves to live in a safe and supportive home where education play’s the primary role, without becoming separated from the community in which they live.
Holy’s has four main objectives:
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Provide a safe and supportive home for children orphaned by parental death or abandonment, through the construction of a financially self-sustainable children’s home
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Create a home environment that enables children to fulfil their full potential, without removing them from their local traditions, communities and extended families
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To support the local community by providing employment with work needed to run the home and its surroundings
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To provide clean and safe drinking water at an affordable cost for the nearby towns and villages
The pure water project is the key to ensuring the home becomes financially self-sustainable. Taken from a bore hole, water will be purified and packaged on-site, then sold to the surrounding towns and villages. As well as providing a more competitive solution to clean
drinking water, this income will enable the home to support itself without the need for voluntary help from overseas. This both empowers the local community and ensures that the charity has the strength to continue achieving its objectives in the future.
The trustees confirm that the charity was dormant throughout the financial year. No fundraising or charitable activities were undertaken. The charity received no income and incurred no expenditure during the period. The trustees continue to keep the charity under review.
Signed on behalf of all trustees
_______ James Deacon
Statement of Financial Activities for the year ended 31 December 2021
2021 |
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| Holy's Home for Children CharityNo 1166541 Annual accounts for theperiod Period start date To Period end 01-Jan-21 date 31-Dec-21 |
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| Section A Statement of financial activities Recommended categories by activity Incoming resources (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Total Resources expended (Note 6) Expenditure on: Raising funds Charitable activities Separate material item of expense Other Total Net income/(expenditure) before investment gains/(losses) Net gains/(losses) on investments Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Note s funds funds funds Total funds funds Restricted Unrestricted income Endowment Prior year £ £ £ £ £ F01 F02 F03 F04 F05 S01 0 - - 0 0 S02 - - - - - S03 - - - - - S04 - - - - S05 - - - - - S06 - - - - - S07 0 - - 0 0 S08 - - - - - S09 0 - - 0 0 S10 - - - - - S11 - - - - - S12 0 - - 0 0 S13- 0 - - - 0 0 S14 - - - - - S15- 0 - - - 0 0 S16 - - - - - S17 - - - - - S18 - - - - - S19 - - - - - S20- 0 - - - 0 0 S21 0 - - 0 0 S22 0 - - 0 0 |
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| - 0 - - - 0 0 - - - - - - - - - - - - - - - - - - - - - 0 - - - 0 0 0 - - 0 0 0 - - 0 0 |
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
The charity constitutes a public benefit entity as defined by FRS 102.
Charitable activities that form the Expended Resources within the Statement of Financial Activity are online transfers of donations held in the UK with the charity bank account at Barclays, 100 Fenchurch St, London EC3M 5JD. The Charity currently uses remittance service WorldRemit to transfer funds to persons carrying out activities in Ghana.
The trustees agree that matters relating to depreciation, assets, risk assessment and liability will be independently examined following the completion of construction.