HOPE FOR TOMORROW GLOBAL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £11,000 for the year ended 31 March 2024, resulting in a decrease in net assets to £71,000. Per the trustees' report, unrestricted funds stood at £17,000, which is above the stated reserves policy target of £3,100. The charity maintains that it has adequate resources to continue operating as a going concern.
What the accounts disclose
“Our reserves policy is to always have unrestricted funds of no less than 3 months’ UK wages, which currently amounts to £3,100.” — page 14
“was charged £3,075 (2023: £3,100) by Donna Bloomfield, a Trustee, for IT and administrative services. At the balance sheet date, £700 (2023: £nil) was owed to Donna Bloomfield.” — page 25
“received donations totalling £6,195 from related parties (which includes trustees, any other members of key management and anyone closely connected to them). b) paid expenses totalling £3,143 (2023: £4,631) to 2 (2023: 2) trustees in respect of expenses incurred when attending trustee meetings and when visiting Burundi to review grant funded activities. c) was charged £3,075 (2023: £3,100) by Donna Bloomfield, a Trustee, for IT and administrative services. At the balance sheet date, £700 (2023: £nil) was owed to Donna Bloomfield.” — page 25
Trustees
- DONNA BLOOMFIELD
- JEREMY GRAEME THORNTON
- Lois Taylor
- NIGEL RING
- Valerie Morgan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £259k | £247k |
| 31/03/2024 | £261k | £273k |
| 31/03/2023 | £197k | £137k |
| 31/03/2022 | £167k | £191k |
| 31/03/2021 | £104k | £82k |
Common questions
Is HOPE FOR TOMORROW GLOBAL financially healthy?
The accounts state that the charity reported a deficit of £11,000 for the year ended 31 March 2024, resulting in a decrease in net assets to £71,000. Per the trustees' report, unrestricted funds stood at £17,000, which is above the stated reserves policy target of £3,100. The charity maintains that it has adequate resources to continue operating as a going concern. Its FY2024 accounts were independently examined.
Who funds HOPE FOR TOMORROW GLOBAL?
Funders whose own accounts filings name HOPE FOR TOMORROW GLOBAL as a grant recipient include GATEWAY CHURCH SWINDON, HOPE CHURCH ORPINGTON, REDEEMER WORTHING LTD, COLEFAX CHARITABLE TRUST, TRINITY CENTRAL LONDON.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GATEWAY CHURCH SWINDON | FY2023 | £33k |
| GATEWAY CHURCH SWINDON | FY2024 | £15k |
| HOPE CHURCH ORPINGTON | FY2022 | £9k |
| HOPE CHURCH ORPINGTON | FY2021 | £6k |
| GATEWAY CHURCH SWINDON | FY2025 | £3k |
| REDEEMER WORTHING LTD | FY2023 | £1k |
| COLEFAX CHARITABLE TRUST | FY2024 | £1k |
| TRINITY CENTRAL LONDON | FY2023 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALBORADA TRUST | 1 | £200k |
| THE LINBURY TRUST | 1 | £100k |
| THE MILK AND HONEY TRUST | 1 | £62k |
| London Homelessness Foundation | 1 | £25k |
| ICC MISSIONS | 1 | £10k |
| DRAPERS CHARITABLE FUND | 1 | £10k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT JOHN WITH SAINT JAMES, WEST EALING | 1 | £10k |
| THE PARISH OF SAINT PAUL'S HOWELL HILL WITH SAINT BARNABAS EPSOM | 1 | £6k |