SOURCE OF HOPE LIMITED
The objects of the charity is to prevent or relieve poverty in any part of the wider world, to support orphans and displaced people by providing grants, the possibility of an education, and necessary items, and to work with other organisations or Charities whose goal is the same.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £6,688 for the year, reducing total unrestricted funds from £20,339 to £13,651. The trustees note that the charity is dependent upon unpaid volunteers and serve without remuneration. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Charity aims to hold reserves at any given time to be able to meet three to six months of planned expenditure and is expecting to reach this aim in the near future.” — page 5
Corporate structure
- Registered company of the charity Companies House 10808150
Company officers (Companies House)
- ZAK, Peter Stefan on trustee list
- BARRETT, Steven on trustee list
- TAYLOR, Janet Susan on trustee list
- PARKER, John Robert on trustee list
- TAYLOR, Duncan on trustee list
Trustees
- DUNCAN TAYLOR
- JOHN ROBERT PARKER
- Janet Susan Taylor
- Peter Stefan Zak
- Steven Barrett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £154k | £161k |
| 31/12/2023 | £138k | £128k |
| 31/12/2022 | £198k | £191k |
| 31/12/2021 | £60k | £71k |
| 31/12/2020 | £64k | £68k |
Common questions
Is SOURCE OF HOPE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £6,688 for the year, reducing total unrestricted funds from £20,339 to £13,651. The trustees note that the charity is dependent upon unpaid volunteers and serve without remuneration. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Who funds SOURCE OF HOPE LIMITED?
Funders whose own accounts filings name SOURCE OF HOPE LIMITED as a grant recipient include SEEDFIELD TRUST, THE ARCHER TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SEEDFIELD TRUST | FY2024 | £3k | |
| SEEDFIELD TRUST | FY2023 | £3k | |
| THE ARCHER TRUST | FY2024 | £2k | |
| SEEDFIELD TRUST | FY2025 | £2k | |
| SEEDFIELD TRUST | FY2021 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALBORADA TRUST | 1 | £235k |
| THE LINBURY TRUST | 1 | £150k |
| GATEWAY CHURCH SWINDON | 1 | £99k |
| REGIONS BEYOND UK | 1 | £45k |
| TRINITY CENTRAL LONDON | 1 | £20k |
| HOPE CHURCH ORPINGTON | 1 | £15k |
| THE THOMAS WALL TRUST | 1 | £10k |
| REDEEMER WORTHING LTD | 1 | £3k |
Charities like this
- HOPE FOR MANKIND
- HOPE FOR THE YOUNG LIMITED
- HOPE FOUNDATION HELPING THE HELPLESS
- GIFT OF HOPE TRUST LTD
- THE HOPE CHARITY
- SPRING OF HOPE UK LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOURCE OF HOPE LIMITED | £154k | — | 0 | unclear | — | no doubt |
| HOPE FOR MANKIND | £1.2m | — | 0 | unclear | — | no doubt |
| HOPE FOR THE YOUNG LIMITED | £537k | — | 0 | unclear | 4.0% | no doubt |
| HOPE FOUNDATION HELPING THE HELPLESS | £254k | — | 0 | unclear | — | no doubt |
| GIFT OF HOPE TRUST LTD | £77k | — | 0 | unclear | — | no doubt |
| THE HOPE CHARITY | £187k | — | 0 | below | — | noted |