| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| FOR |
| GIFT OF HOPE TRUST LTD. |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2025 |
| FOR |
| GIFT OF HOPE TRUST LTD. |
| GIFT OF HOPE TRUST LTD. |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Cash Flow Statement | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
| GIFT OF HOPE TRUST LTD. (REGISTERED NUMBER: 03885635) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 November 2025 |
| 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 30 November 2025. 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 |
| The charity is constituted as a company limited by guarantee on 29th November 1999 and is therefore governed by the memorandum and articles of association. The charity's object and its principal activity is to be that of relief of poverty, sickness and distress amongst children and adults in India and elsewhere in particular by providing and assisting in the provision of clothing, books, food, medical supplies and sweet water wells. The charity is organised so that trustees meet regularly to manage affairs. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| The charity provides free meals, medicines and educational needs to the needy. |
| FINANCIAL REVIEW |
| The statement of financial activities shows a surplus of £580,088 (2024 : £635,950.) |
| FUTURE PLANS |
| Continued efforts will be made to provide medical services for poor and visitation to rural villages, employment of doctor and drilling holes for water supply in rural villages. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| TRUSTEES' RESPONSIBILITY STATEMENT |
| The trustees (who are also the directors of Gift Of Hope Trust Ltd. for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
| GIFT OF HOPE TRUST LTD. (REGISTERED NUMBER: 03885635) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 November 2025 |
| TRUSTEES' RESPONSIBILITY STATEMENT - continued |
| Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). |
| Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charities SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| Approved by order of the board of trustees on |
| GIFT OF HOPE TRUST LTD. |
| STATEMENT OF FINANCIAL ACTIVITIES |
| for the Year Ended 30 November 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds | 3 |
| Charitable activities | 4 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 635,950 |
| GIFT OF HOPE TRUST LTD. (REGISTERED NUMBER: 03885635) |
| BALANCE SHEET |
| 30 November 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 635,950 |
| TOTAL FUNDS | 635,950 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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. |
| 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 |
| GIFT OF HOPE TRUST LTD. |
| CASH FLOW STATEMENT |
| for the Year Ended 30 November 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | (55,359 | ) | 555,747 |
| Net cash (used in)/provided by operating activities | (55,359 | ) | 555,747 |
| Change in cash and cash equivalents in the reporting period |
(55,359 |
) |
555,747 |
| Cash and cash equivalents at the beginning of the reporting period |
637,108 |
81,361 |
| Cash and cash equivalents at the end of the reporting period |
581,749 |
637,108 |
| GIFT OF HOPE TRUST LTD. |
| NOTES TO THE CASH FLOW STATEMENT |
| for the Year Ended 30 November 2025 |
| 1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
(56,049 |
) |
555,364 |
| Adjustments for: |
| Increase in creditors | 690 | 383 |
| Net cash (used in)/provided by operations | (55,359 | ) | 555,747 |
| 2. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.12.24 | Cash flow | At 30.11.25 |
| £ | £ | £ |
| Net cash |
| Cash at bank | 637,108 | (55,359 | ) | 581,749 |
| 637,108 | (55,359 | ) | 581,749 |
| Total | 637,108 | (55,359 | ) | 581,749 |
| GIFT OF HOPE TRUST LTD. |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2025 |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| 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. |
| 2. | DONATIONS AND LEGACIES |
| 2025 | 2024 |
| £ | £ |
| Donations |
| Gift aid |
| GIFT OF HOPE TRUST LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2025 |
| 3. | RAISING FUNDS |
| Raising donations and legacies |
| 2025 | 2024 |
| £ | £ |
| Support costs |
| 4. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| activities |
| (see note |
| 5) |
| £ |
| Donations to charity | 128,344 |
| 5. | GRANTS PAYABLE |
| 2025 | 2024 |
| £ | £ |
| Donations to charity | 128,344 | 61,572 |
| 6. | SUPPORT COSTS |
| Governance |
| Other | costs | Totals |
| £ | £ | £ |
| Raising donations and legacies | 1,029 | 3,967 | 4,996 |
| 7. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024. |
| Trustees' expenses |
| During the year, trustees' travelling expenses of £2,271 were paid by the charity. No expense were paid for in the year ended 30 November 2024. |
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| funds |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| GIFT OF HOPE TRUST LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2025 |
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted |
| funds |
| £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 635,950 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 10. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.12.24 | in funds | 30.11.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 635,950 | (56,049 | ) | 579,901 |
| TOTAL FUNDS | (56,049 | ) | 579,901 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 77,291 | (133,340 | ) | (56,049 | ) |
| TOTAL FUNDS | ( |
) | (56,049 | ) |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.12.23 | in funds | 30.11.24 |
| £ | £ | £ |
| Unrestricted funds | 80,586 | 555,364 | 635,950 |
| TOTAL FUNDS | 80,586 | 555,364 | 635,950 |
| GIFT OF HOPE TRUST LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2025 |
| 10. | 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 | 619,817 | (64,453 | ) | 555,364 |
| TOTAL FUNDS | 619,817 | (64,453 | ) | 555,364 |
| 11. | RELATED PARTY DISCLOSURES |
| 12. | SHARE CAPITAL |
| The company is limited by guarantee limited to £1 per member. |