HOPE FOR COMMUNITIES
Latest income
£105k
Latest spending
£113k
Registered
2018
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £65,541 were held at the end of the financial year, which exceeded the trustees' policy target of three months' running costs. The charity reported total income of £111,670 and total expenditure of £70,301, resulting in a net surplus for the period.
What the accounts disclose
Reserves policy: three months of the charities running costs (held: £66k)
“The trustees have agreed to hold three months of the charities running costs in reserve.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- ANDREW DAVID MCCOLLOUGHchair
- Abey Varghese Philip
- Alison Ruth Nicholson
- JOHN DOUGLAS HENRY GREENWAY
- Michael Alexander Ross Channon
- Phillip Andrew Gray
- SARAH ANNE LOUISE HARRIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £105k | £113k |
| 31/03/2024 | £112k | £70k |
| 31/03/2023 | £65k | £54k |
| 31/03/2022 | £16k | £19k |
| 31/03/2021 | £32k | £25k |
Common questions
Is HOPE FOR COMMUNITIES financially healthy?
The accounts state that unrestricted reserves of £65,541 were held at the end of the financial year, which exceeded the trustees' policy target of three months' running costs. The charity reported total income of £111,670 and total expenditure of £70,301, resulting in a net surplus for the period. 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 |
| GATEWAY CHURCH SWINDON | 1 | £51k |
| London Homelessness Foundation | 1 | £25k |
| HOPE CHURCH ORPINGTON | 1 | £15k |
| ICC MISSIONS | 1 | £10k |
| DRAPERS CHARITABLE FUND | 1 | £10k |
| THE THOMAS WALL TRUST | 1 | £5k |