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REGISTERED COMPANY NUMBER: 04432345 (England and Wales)
REGISTERED CHARITY NUMBER: 1098715













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Hope for the Nations Childrens Charity

Hope for the Nations Childrens Charity






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 18

Hope for the Nations Childrens Charity (Registered number: 04432345)

Report of the Trustees
for the Year Ended 31 July 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Hope for The Nations is a non-governmental, non-political organisation created as a charitable legal entity in 2002. The Memorandum of Association defines the charity's 'Objects' as being:

"To relieve poverty and advance education with a Christian ethos by the provision of funds, equipment, training, and personnel, particularly but not exclusively to those persons living in Africa".

Whilst Hope For The Nations carries out some disaster relief work, it considers that the best method of meeting its objectives is through long term investment in the lives of individual orphans and widows by sponsorship, establishing children's homes, feeding programmes, education, encouraging self-sufficiency through developing micro enterprises, and by providing a source of clean water, and providing humanitarian aid. It partners in coalition with others with similar objectives, in order to maximise the value to beneficiary groups.

Kwattswap is a working name of Hope for the Nations Children's Charity with the purpose of raising funds for solar equipment for widows, schools, clinics, hospitals and communities in developing countries.

Grantmaking
Following requests received for grants, the Chief Executive Officer is able to agree grants of up to £5,000. For any amount in excess of £5,000, the approval of the Board of Trustees is required.


Hope for the Nations Childrens Charity (Registered number: 04432345)

Report of the Trustees
for the Year Ended 31 July 2023

ACHIEVEMENT AND PERFORMANCE
Financial
The income of the charity decreased over last year, being £85,274 for 2022/23 compared with £94,632 for 2021/22, and resources expended increased, being £77,393 compared with £54,682, resulting in a small surplus of £7,881 (2022: £39,950).

Kenya

Soweto Hope Bright Future School
We have continued to provide for the feeding programme and the Baby Care Unit for the benefit of the children.

Kolongolo
Our support for the widows continues with monthly donations.

Mukwa
We continue to help the widows financially on a monthly basis.

Hope Transformation Centre and New Life Children's Home, Bungoma
Under the leadership of Patrick Siabutu, the Hope Transformation Centre inspires many Kenyan leaders as he manages and puts to good use the land that we provided. In addition to the ongoing existing carpentry, masonry and tailoring skills training centre the Hope Transformation Centre accommodates a demonstration plot for organic farming and training.

Turkana
John Lokoli continues to oversee the Education project in Turkana where we send 30 children to secondary school. All these children have individual sponsors to whom we are very grateful.

Malawi
We are continuing our support of Ahava Ministries and Gulugufe in their projects that include health care, education, agriculture and sustainable projects.

Romania, India and Eswatini
We continue to send the sponsorship support to these projects and workers.

KwattSwap
KwattSwap is now an operating name of HFTN with the aim to raise funds through donations for the purpose of purchasing solar equipment to be sent out to projects that we support.
20 solar kits have been sent out to widows in Mukwa, Kenya and funds are being raised to purchase a further 20 solar kits. Funds are also being raised to purchase and install a solar bore hole pump in Butiikwa village in Uganda.

In previous years the charity had faced difficulties in continuing with their work due to lockdown restrictions within the countries. It still means that no visits to the projects have been possible by HFTN directors and staff, however the 40 solar kits sent out to Kenya in two batches have now been delivered to the widows.


Hope for the Nations Childrens Charity (Registered number: 04432345)

Report of the Trustees
for the Year Ended 31 July 2023

FINANCIAL REVIEW
Reserves policy
Whilst the trustees consider that a general fund balance of £5,000 is desired, to ensure that support costs are covered for at least 3 months in advance, we have recognised that there may be times when this will need to be flexible, due to particular financial pressures at particular times.
At the end of this financial year the level of reserves had increased to £116,006 (2022: £108,125) and available funds, i.e. those excluding fixed assets and restricted funds, stood at £106,917 (2022: £98,449).

Investment policy and objectives
Under the memorandum and Articles of Association, the Charity has the power to make investments as the trustees see fit. The trustees consider any investments on an individual basis, and are duty bound to seek appropriate professional advice before reaching any decision. At the year end the Charity had no invested funds.

Volunteers and Supporters
The charity is very grateful to all those who gave so generously of their time, talents and money, both here in the UK, and in Africa. It has only been able to achieve all that it has because of such generosity.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is charitable company limited by guarantee, incorporated on 7 May 2002 and registered as a charity on 23 July 2003.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. The Trustees are responsible for the administration and investment policy of the Scheme. Trustees are appointed in accordance with the Articles of Association of the Charitable Company.

Organisational structure
The organisation, including the CEO and the volunteers work from home, our registered office being Arquen House 4-6 Spicer Street, St Albans, Herts, AL3 4PQ, from which it carries out its direction of operations. This includes fundraising, networking and communications, and its accounts.
The Board of Trustees seeks to meet a minimum of four times a year, to review and monitor the work and management of the Charity.This body also approves annual budgets and scrutinises policy decisions.
The board consisted of the CEO, three directors and the Company Secretary, who is responsible for completing statutory returns on behalf of the Charity. The Finance sub-committee is reported to monthly, to monitor the financial management of the Charity.

Wider network
Hope for the Nations Children's Charity seeks and encourages partnership with others, to enhance the work of the Charity.
Our coalition partnerships include Hope for the Nations (Canada, Malawi, Romania, Eswatini), Elim (U.K), Ahava Ministries, Gulugufe and Ignite Hubs International as well as with church groupings both here and abroad.

Risk management
The Trustees have a duty to identify and review the risks to which Hope for The Nations Children's Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees actively review the major risks that the Charity faces on a regular basis. The trustees believe that they have the systems in place to mitigate these risks. This includes matters of health and safety, whereby the Health and Safety matters will be discussed by the board on occasion.


Hope for the Nations Childrens Charity (Registered number: 04432345)

Report of the Trustees
for the Year Ended 31 July 2023

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04432345 (England and Wales)

Registered Charity number
1098715

Registered office
Arquen House
4-6, Spicer Street
St. Albans
Hertfordshire
AL3 6EY

Trustees
W R Symons
I C Harvey-Smith
K Grover

Company Secretary
Mrs J Dennis

Independent Examiner
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Chief Executive
L Dennis

Bankers
National Westminster Bank plc
P O Box 15
Cathedral Square
Peterborough
Cambridgeshire
PE1 1HW

Approved by order of the board of trustees on 13 March 2024 and signed on its behalf by:





K Grover - Trustee

Independent Examiner's Report to the Trustees of
Hope for the Nations Childrens Charity

Independent examiner's report to the trustees of Hope for the Nations Childrens Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.

Responsibilities and basis of report
As the charity's trustees of the 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 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 your charity'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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








.......................................................

A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Date: .............................................

Hope for the Nations Childrens Charity

Statement of Financial Activities
for the Year Ended 31 July 2023

31.7.23 31.7.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 35,498 49,735 85,233 94,529

Investment income 3 41 - 41 103
Total 35,539 49,735 85,274 94,632

EXPENDITURE ON
Raising funds 4 3,370 675 4,045 1,553

Charitable activities 5
Overseas support and project costs 12,722 60,626 73,348 53,129
Total 16,092 61,301 77,393 54,682

NET INCOME/(EXPENDITURE) 19,447 (11,566 ) 7,881 39,950
Transfers between funds 13 (11,052 ) 11,052 - -
Net movement in funds 8,395 (514 ) 7,881 39,950

RECONCILIATION OF FUNDS
Total funds brought forward 99,175 8,950 108,125 68,175

TOTAL FUNDS CARRIED FORWARD 107,570 8,436 116,006 108,125

Hope for the Nations Childrens Charity (Registered number: 04432345)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 653 - 653 726

CURRENT ASSETS
Debtors 11 85,427 192 85,619 86,920
Cash at bank 23,945 8,244 32,189 22,639
109,372 8,436 117,808 109,559

CREDITORS
Amounts falling due within one year 12 (2,455 ) - (2,455 ) (2,160 )

NET CURRENT ASSETS 106,917 8,436 115,353 107,399

TOTAL ASSETS LESS CURRENT LIABILITIES 107,570 8,436 116,006 108,125

NET ASSETS 107,570 8,436 116,006 108,125
FUNDS 13
Unrestricted funds 107,570 99,175
Restricted funds 8,436 8,950
TOTAL FUNDS 116,006 108,125

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Hope for the Nations Childrens Charity (Registered number: 04432345)

Balance Sheet - continued
31 July 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 March 2024 and were signed on its behalf by:





K Grover - Trustee

Hope for the Nations Childrens Charity

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 10% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. DONATIONS AND LEGACIES
31.7.23 31.7.22
£    £   
Donations 81,241 89,563
Gift aid 3,992 4,966
85,233 94,529

3. INVESTMENT INCOME
31.7.23 31.7.22
£    £   
Deposit account interest 41 103

4. RAISING FUNDS

Raising donations and legacies
31.7.23 31.7.22
£    £   
Fundraising and publicity 4,045 1,553

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Overseas support and project costs 59,915 13,433 73,348

6. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Overseas support and project costs 11,932 1,501 13,433


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
31.7.23 31.7.22
Overseas
support
and
project Total
costs activities
£    £   
Rates and water 2,400 2,200
Telephone 55 52
Postage and stationery 7,433 1,974
Sundries 411 60
Motor and travel - 14
IT and computer costs 591 572
Depreciation of tangible and heritage assets 73 84
Interest payable and similar charges 969 929
Accountancy fees 1,320 1,080
Trustees' meeting expenses 181 131
13,433 7,096

7. NET INCOME/(EXPENDITURE)

The net movement in funds is stated after charging the following:


2023 2022
£ £
Independent Examiner's remuneration 1,320 1,080
Depreciation of tangible fixed assets 73 84

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

During the year, there were trustee meeting expenses of £181. (2022: £131).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 60,434 34,095 94,529

Investment income 103 - 103
Total 60,537 34,095 94,632

EXPENDITURE ON
Raising funds 1,353 200 1,553

Charitable activities
Overseas support and project costs 7,064 46,065 53,129
Total 8,417 46,265 54,682

NET INCOME/(EXPENDITURE) 52,120 (12,170 ) 39,950
Transfers between funds (6,568 ) 6,568 -
Net movement in funds 45,552 (5,602 ) 39,950

RECONCILIATION OF FUNDS
Total funds brought forward 53,623 14,552 68,175

TOTAL FUNDS CARRIED FORWARD 99,175 8,950 108,125


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 and 31 July 2023 1,868
DEPRECIATION
At 1 August 2022 1,142
Charge for year 73
At 31 July 2023 1,215
NET BOOK VALUE
At 31 July 2023 653
At 31 July 2022 726

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 25,442
Gift Aid recoverable 199 386
Amount due from Hftn Shop Ltd 83,691 61,092
Due from Hftn Shop (H & V) Ltd 1,729 -
85,619 86,920

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Accruals and deferred income 2,455 2,160


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.22 in funds funds 31.7.23
£    £    £    £   
Unrestricted funds
General fund 38,082 (14,610 ) (1,322 ) 22,150
HFTN shop- designated 61,093 32,328 (9,730 ) 83,691
HFTN Shop (H & V) Ltd-designated - 1,729 - 1,729
99,175 19,447 (11,052 ) 107,570
Restricted funds
Soweto School Feeding fund 182 (162 ) 107 127
M-Malawi 460 183 (367 ) 276
I-India 449 (2,755 ) 2,577 271
K-Bungoma 30 (377 ) 378 31
K-Elim-Tur 100 (1,760 ) 1,760 100
K-Mukwa 72 (793 ) 792 71
KR-Ol. Kalo - 146 (105 ) 41
R-Romania 278 (151 ) (35 ) 92
S-New. Hope 1,770 200 (332 ) 1,638
Kenya Education 3,166 (435 ) (91 ) 2,640
Kolongo Widows & School 75 (278 ) 314 111
Kilowatt Swap 368 835 - 1,203
Ahava 1,878 (692 ) 527 1,713
Gulugufe 122 (5,527 ) 5,527 122
8,950 (11,566 ) 11,052 8,436
TOTAL FUNDS 108,125 7,881 - 116,006

Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,482 (16,092 ) (14,610 )
HFTN shop- designated 32,328 - 32,328
HFTN Shop (H & V) Ltd-designated 1,729 - 1,729
35,539 (16,092 ) 19,447
Restricted funds
Soweto School Feeding fund 1,900 (2,062 ) (162 )
M-Malawi 4,056 (3,873 ) 183
I-India - (2,755 ) (2,755 )
K-Bungoma - (377 ) (377 )
K-Elim-Tur 180 (1,940 ) (1,760 )
K-Mukwa - (793 ) (793 )
KR-Ol. Kalo 5,435 (5,289 ) 146
R-Romania 600 (751 ) (151 )
S-New. Hope 9,952 (9,752 ) 200
Kenya Education 9,208 (9,643 ) (435 )
Kolongo Widows & School 1,230 (1,508 ) (278 )
Kilowatt Swap 14,114 (13,279 ) 835
Ahava 2,160 (2,852 ) (692 )
Gulugufe 900 (6,427 ) (5,527 )
49,735 (61,301 ) (11,566 )
TOTAL FUNDS 85,274 (77,393 ) 7,881


Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.8.21 in funds funds 31.7.22
£    £    £    £   
Unrestricted funds
General fund 14,780 19,070 4,232 38,082
HFTN shop- designated 38,843 33,050 (10,800 ) 61,093
53,623 52,120 (6,568 ) 99,175
Restricted funds
Soweto School Feeding fund 179 (133 ) 136 182
M-Malawi 497 360 (397 ) 460
I-India 222 (2,444 ) 2,671 449
K-Bungoma 65 (376 ) 341 30
K-Elim-Tur 100 (1,920 ) 1,920 100
K-Mukwa 71 (871 ) 872 72
R-Romania 2,332 (1,983 ) (71 ) 278
S-New. Hope 1,636 867 (733 ) 1,770
Kenya Education 8,603 (5,661 ) 224 3,166
Kolongo Widows & School 68 (352 ) 359 75
Kilowatt Swap 329 39 - 368
Ahava 434 746 698 1,878
Gulugufe 15 (442 ) 549 122
K- the KCP 1 - (1 ) -
14,552 (12,170 ) 6,568 8,950
TOTAL FUNDS 68,175 39,950 - 108,125

Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 27,487 (8,417 ) 19,070
HFTN shop- designated 33,050 - 33,050
60,537 (8,417 ) 52,120
Restricted funds
Soweto School Feeding fund 2,076 (2,209 ) (133 )
M-Malawi 5,217 (4,857 ) 360
I-India 301 (2,745 ) (2,444 )
K-Bungoma 375 (751 ) (376 )
K-Elim-Tur 180 (2,100 ) (1,920 )
K-Mukwa - (871 ) (871 )
R-Romania 663 (2,646 ) (1,983 )
S-New. Hope 12,628 (11,761 ) 867
Kenya Education 8,588 (14,249 ) (5,661 )
Kolongo Widows & School 480 (832 ) (352 )
Kilowatt Swap 307 (268 ) 39
Ahava 2,340 (1,594 ) 746
Gulugufe 940 (1,382 ) (442 )
34,095 (46,265 ) (12,170 )
TOTAL FUNDS 94,632 (54,682 ) 39,950

Unrestricted Funds:
HFTN Shop fund -designated fund for income from the charity shop in Peterborough.
HFTN Shop (H & V) Ltd fund- designated fund for income from the charity shop in Ramsey.

Restricted Funds:
I-India - People of the Way-Children's Ministry in India.
M- Malawi- Hope Village Malawi, a project of HFTN Malawi, incorporating Children's Homes, Day Care Centre, Clinic, Community Development, Baby Centre, Famine Relief, Micro Enterprise Projects. Missionary Support funds are also sent here.
K- Bungoma- Hope Transformation Centre- Community Development Project.
K- Mukwa- Mukwa Widows Support, Kenya.
KR Ol.-Kalo- Restricted fund for Ol Kalo, Kenya- Village Borehole Project.
R- Romania- Firm Foundations, Romania- providing medical care to vulnerable children.
S-New. Hope- New Hope Centre, Swaziland- orphanage.
K- The KCP- The Kenyan Children's Project- Street Children Ministry.
Soweto- incorporates Hope and Bright Future School & Baby Feeding Project.
Kolongolo Widows and School- for the support of widows with food supplements and agricultural training and materials and for the support of a feeding programme for children attending Kolongolo School. Both projects are located in Kolongolo, West Kenya.

Hope for the Nations Childrens Charity

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. MOVEMENT IN FUNDS - continued

Kenya Education- for the funding of secondary and further education for selected vulnerable children from various Hope for the Nations partnered projects in Kenya.
KwattSwap- records the funding received and paid out in respect of the Kilowatt Swap campaign. KwattSwap is a working name for Hope for the Nations in Charity Commission records and is a fundraising tool for the purchase of renewable energy products which are sent to vulnerable people, hospitals and schools in the developing world.We ask people to reduce the amount of dirty energy they use and donate the monetary value of their saving to purchase clean energy kits for those in need.
Ahava- Ahava Ministries - Providing a clinic, health, hygiene and nutrition education, agricultural projects.
Gulugufe-Gulugufe Malawi - Permaculture training and community development.

14. OTHER FINANCIAL COMMITMENTS

Operating lease commitments
The charity has signed a lease relating to shop premises in Peterborough, in respect of Hftn Shop Ltd. At the balance sheet date, the charity had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

2023 2022
£ £
Due within one year 9,600 9,600
Due between one and five years 38,400 38,400
Due after more than five years 18,400 28,000

15. RELATED PARTY DISCLOSURES

Key management personnel remuneration

No remuneration was paid to key management personnel in either 2022 or 2023.

Related party transactions

One trustee, Will Symons, is also a trustee of Nehemiah Construction. A full provision was made against the debt of £30,000 due from Nehemiah Construction in the 2017 accounts. No money has been received in respect of this loan in either 2022 or 2023.

L Dennis as CEO is considered to be a related party. During the year he received expenses of £2,400 for Use of Home as Office (2022: £2,200) and a company of which he and his wife are directors, Bright River Ltd, received £1,271 in fundraising commission payments from the Charity (2022:£nil).