PROJECT HOPE, UNITED KINGDOM
Financial health, per its FY2024 accounts
The accounts state that the charity held total reserves of £22,159, with unrestricted reserves of £7,582, which the trustees acknowledge are less than three months of operating costs. The trustees report that the charity is reliant on continued donor support and has exercised close control of expenditure to ensure commitments are met in the short term. While the charity operates with low reserves and a low fixed cost structure, it acknowledges the risks associated with fluctuating income and is committed to building reserves to ensure services are maintained.
What the accounts disclose
“Unrestricted reserves are currently less than three months of operating costs and the trustees are looking to build the unrestricted funds of the charity to enable continued development of their charitable activities.”
“During the year, the charity received donations totalling £30,000 from Lista Makimson Cannon (2023: £50,000), one of the trustees, via Southampton Row Trust Limited trading as CAF American Donor Fund.” — page 20
Funders the charity credits
- Big Lottery Fund
Trustees
- D H Jamie Heath
- DAME AMELIA CHILCOTT FAWCETT
- KEITH THOMSON
- LISTA MAKIMSON CANNON
- R Gareth Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 29/06/2025 | £176k | £177k |
| 29/06/2024 | £193k | £185k |
| 29/06/2023 | £134k | £154k |
| 29/06/2022 | £122k | £133k |
| 29/06/2021 | £156k | £131k |
Common questions
Is PROJECT HOPE, UNITED KINGDOM financially healthy?
The accounts state that the charity held total reserves of £22,159, with unrestricted reserves of £7,582, which the trustees acknowledge are less than three months of operating costs. The trustees report that the charity is reliant on continued donor support and has exercised close control of expenditure to ensure commitments are met in the short term. While the charity operates with low reserves and a low fixed cost structure, it acknowledges the risks associated with fluctuating income and is committed to building reserves to ensure services are maintained. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALBORADA TRUST | 1 | £200k |
| THE LINBURY TRUST | 1 | £100k |
| THE BURDETT TRUST FOR NURSING | 1 | £97k |
| H C D MEMORIAL FUND | 1 | £40k |
| BESSELS GREEN BAPTIST CHURCH | 1 | £27k |
| London Homelessness Foundation | 1 | £25k |
| ICC MISSIONS | 1 | £10k |
| DRAPERS CHARITABLE FUND | 1 | £10k |