SOURCE OF HOPE LIMITED
Latest income
£154k
Latest spending
£161k
Registered
2018
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net surplus of £9,088 for the year ended 31 December 2023, with total unrestricted funds increasing to £20,339. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Reserves policy: three to six months of planned expenditure (held: £20k)
“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
Per its FY2023 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 10808150
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?
The accounts state that the charity reported a net surplus of £9,088 for the year ended 31 December 2023, with total unrestricted funds increasing to £20,339. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 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 |
| GATEWAY CHURCH SWINDON | 1 | £51k |
| HOPE CHURCH ORPINGTON | 1 | £15k |
| THE THOMAS WALL TRUST | 1 | £5k |
| GOODNEWS AID | 1 | £2k |
| COLEFAX CHARITABLE TRUST | 1 | £1k |
| REDEEMER WORTHING LTD | 1 | £1k |