FINDING HOPE: DIRECTORS’ REPORT FOR 2020-21
The Trustees present their report and financial statements for the year ended 05 April 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objects are to prevent and/or relief of poverty of children worldwide, in particular but not exclusively by providing grants, items and services to individuals in need and other organisations working to prevent or relieve childhood poverty, such assistance to be
provided within Christian ethos.
The Trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission and believe that the objectives and activities of the trust are for the public benefit.
Structure, governance and management
The charity is a company limited by guarantee, incorporated on 7[th] May 2019, and is governed by its Memorandum and Articles of Association. The accountability for the governance of the charity rests with the Board of Trustees that meets regularly to monitor the activities of the charity, develop policy and plans and take operational decisions.
New Trustees with suitable gifts and experience are appointed at the discretion of the existing Trustees. Appropriate induction and training procedures are followed. None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute up to £1 in the event of a winding up.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr Jack McGettigan Mrs Samantha McGettigan Mrs Priscilla Pearce
Statement of Trustees' responsibilities
The Trustees, who are also the directors of FINDING HOPE for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and
expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.
Activities during 2020/2021
- None
Review of marketing activities
- None
Financial review
Total incoming resources were £0 with expenditure of £0 giving a net inflow of resources of £0. During the year the charity received an unrestricted legacy of £0 and longstanding debts of £0 were written off. Net assets remain at £0 presently.
Reserves Policy
The Board of Trustees has established a policy whereby free reserves held by the charity should be maintained at a minimum of £0.
Risk Management
The Board of Trustees maintains a plan to address the risks to which a small charity operating with no or few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.
Plans for 2021/2022
The plans for the forthcoming year include:
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Fundraising events to attract donations to send to Finding Hope house in Romania. Open a bank account to receive regular donations to provide funding for the children associated with Finding Hope.
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Running marketing campaigns to attract new donors.
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Conducting a full review by the Board of the charity’s strategy and future development plan.
In planning future activities, the Board of Trustees has had regard to the guidance on public benefit issued by the Charity Commission in December 2008.
The Trustees' report was approved by the Board of Trustees.
Samantha McGettigan
Chair of Trustees Date.. 2810112023
Trustees’ Annual Report for the period
From Period start date 06 April 2020 To 05 April 2021 Period end date
Charity name: FINDING HOPE
Charity registration number: 1183287
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The prevention and/or relief of poverty of children worldwide, in particular but not exclusively by providing grants, items and services to individuals in need and other organisations working to prevent or relieve childhood poverty, such assistance to be provided within Christian ethos. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
No income or expense incurred for this accounting period. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees are in receipt of the guidance issues by the Charity Commission. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference None Para 1.38 Policy on grant making None Para 1.38 Policy on social investment including program related investment
None Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference None Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | None |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | None |
| Investment performance against objectives |
Para 1.41 | None |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | 0.00 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | 0.00 |
| Reasons for holding zero reserves |
Para 1.22 | No activity due to time available. |
| Details of fund materially in deficit |
Para 1.24 | 0.00 |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Opportunities to raise funds. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | None |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | None |
| A description of the principal risks facing the charity |
Para 1.46 | None |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
None | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | No new appointed trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
----- Start of picture text -----
Charity name FINDING HOPE
Other name the charity uses
Registered charity number 1183287
Charity’s principal address 13 Hawthorn Close
Takeley
CM22 6SD
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Samantha
1
McGettigan
2 Jack McGettigan
3 Priscilla Pearce
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Samantha McGettigan Position (eg Secretary, Secretary Chair, etc) Date 28/01/2023