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2024-12-31-accounts

MANY HOPES UK

A Charitable Incorporated Organisation

TRUSTEES’ ANNUAL REPORT

31 December 2024

TRUSTEES’ ANNUAL REPORT

Section 1 – Legal and Administrative Information

Charity name: also known as:

Many Hopes UK MANY HOPES

Charity Commission reg. no.:

1193700

For the financial year starting: and ending:

1 January 2024 31 December 2024

Charity’s principal address:

5 Red House Lane, Bristol, BS9 3RY

The Charity’s Governing Document: The charity is constituted as a Charitable Incorporated Organisation with governing documents dated 15 February 2021

Trustees as at 31 December 2021: David Gordon Scott Alice Nani Scott (Chair) Victoria Hannah Thompson Anoushka Rayner Thomas Keown

Professional Advisers

Bankers: Triodos Bank, Deanery Rd, Bristol BS1 5AS

The financial statements have been prepared in accordance with the Charities Act 1993.

Section 2 – Structure, governance and management

Trustees and Governance

The Board of Trustees currently consists of five Trustees. As planned, the charity board has expanded, providing a wider range of independence and skills. Gordon Leslie Scott has resigned whilst Thomas Keown and Anoushka Rayner joined the board in February 2024.

Management

The Trustees are all responsible for the management of the Charity and each Trustee is on the Board that manages the affairs of the Charity. A chairperson is elected annually at the AGM of the Charity.

On appointment new Trustees are given a copy of the Trust Deed and a copy of the Charity’s latest report and statement of accounts. A register of the name and address of each Trustee and the dates on which their terms of office begin and end is kept by the Trustees.

All Trustees give their time freely and have not received any benefit in money or in kind from the Charity except that the Trustees are insured against claims or the costs of defence to a criminal prosecution brought against them as charity Trustees.

Objectives and Activities for the public benefit

The Objects of the charity are specified in the Trust deed as follows:

‘The relief of poverty, sickness and distress, the preservation and protection of good health and advancement of education among orphaned, abused, impoverished or enslaved children and adults by such means and in such parts of the world as the trustees shall determine.’

The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.

Section 3 – Activities and Achievements

We worked closely with Many Hopes, a charity in the USA. We have looked in depth into their policies related to searching, establishing and long term supporting partner organisations located in various different countries. The trustees decided that the most efficient way to make use of the funds we raise is to give grants to Many Hopes, thus enabling them to provide additional support to their partners on the ground.

Many Hopes UK provided grants in a total of £182,150, which contributed towards the following activities.

BOLIVIA

261 Children served

35 children rescued from living on the streets or from abuse

190 Children equipped with the education and care needed to thrive

36 Children enrolled in university or trade school

Rescue

Equip

Launch

GHANA

1882 Children served

235 children rescued from trafficking and slavery

1615 Children equipped with the education and care needed to thrive

32 Children enrolled in university or trade school

Rescue

Equip

Launch

GUATEMALA

Rescue

Equip

Launch

KENYA

609 Children served

244 children rescued from sexual abuse, abandonment, or extreme poverty

304 Children equipped with the education and care needed to thrive

Rescue

Equip

Launch

MALAWI

451 Children served

11 Children rescued from abandonment after being orphaned

405 Children equipped with the education and care needed to thrive

Rescue

Equip

Launch

PERU

22 girls who have survived sexual abuse (rape, forced prostitution, incest).

We are in year 4 of the “Opening Roads” program, a pilot program for young women who are post-high school. Opening Roads provides ongoing personal and professional mentoring and helps provide the support needed for survivors to finish high school and step into independence in employment, entrepreneurship, or college.

Section 4 – Policies

Reserves policy: In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The trustees propose to maintain the charity’s reserves at a level which is at least equivalent to six months operational expenditure in the light of likely funding streams.

Investment policy: The Charity’s reserves are currently held on deposit at our bankers, Triodos Bank.

Section 5 – Financial Statements

The charity’s expenditure exceeded income this year as funds carried forward from the previous year were used to support activities.

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Section 6 – Signature and Declaration

Declaration:

I declare, in my capacity of charity trustee, that the Trustees have approved the report above and have authorised me to sign it on their behalf.

David Scott

15/10/2024 Date