HOPE, UGANDA
Hope Uganda (HUG) is the UK administrative and fundraising arm for Rainbow Hope Centre in Lukaya district of Uganda. The aim of the charity is to build a Children's Centre in order to accommodate, feed and educate children who were homeless and or orphans.
Objects
THE PREVENTION OR RELLIEF OF POVERTY IN THE COUNTRY OF UGANDA BY PROVIDING OR ASSISTING IN THE PROVISION OF GRANTS, ITEMS OR SERVICES, EDUCATION, TRAINING, HEALTHCARE PROJECTS, AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £8,560 at the end of the financial year, representing an increase from the previous year. The trustees note that while income has risen, expenditure has also increased due to rising food costs, leaving only limited contingency funds. The charity's reserves policy is to hold approximately 10 percent of income in reserve.
What the accounts disclose
“Standing Order Donations £13,340.00” — page 16
“HUG believes that it is right and proper to have in the order of approximately 10 percent of the charities income held in reserve as in accordance with the Charities Commission guidance on financial reserves.” — page 20
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
Trustees
- ROY MCVEY FIELDchair
- Lyndsey Field
- NORMA DANIELS
- PETER JOHN HOWARD
- SHARON RICKETTS
- VANESSA JANE CADE-HUGHES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £30k |
| 31/12/2023 | £26k | £27k |
| 31/12/2022 | £28k | £25k |
| 31/12/2021 | £22k | £22k |
| 31/12/2020 | £21k | £22k |
Common questions
Is HOPE, UGANDA financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £8,560 at the end of the financial year, representing an increase from the previous year. The trustees note that while income has risen, expenditure has also increased due to rising food costs, leaving only limited contingency funds. The charity's reserves policy is to hold approximately 10 percent of income in reserve. Its FY2024 accounts were independently examined.