CONNECTIONS OF HOPE FOUNDATION
Will be grant making to certain types of charitable organisations within the scope of its objectives.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement of funds of (31,015) GBP, resulting in total unrestricted funds decreasing from 34,744 GBP to 3,728 GBP. The trustees confirm that the charity remains a going concern with sufficient capacity to continue activities, despite noting that the broader economic climate posed challenges. The charity has not yet built formal reserves but is developing a policy to maintain three months of operating costs.
What the accounts disclose
“Donations and legacies 156,400”
“At present, the Foundation has not yet built formal reserves. However, the Trustees have been actively developing a reserves policy during 2024. The aim is to ensure that reserves equivalent to at least three months of operating costs are maintained on an ongoing basis.” — page 5
Trustees
- Dr Saeed Ata Alghadiechair
- Abdul Hakeem Montague
- Salah Mohamed El Hassan Taifoor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £156k | £187k |
| 31/12/2023 | £178k | £142k |
| 31/12/2022 | £129k | £136k |
| 31/12/2021 | £26k | £20k |
| 31/12/2020 | £0 | £0 |
Common questions
Is CONNECTIONS OF HOPE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement of funds of (31,015) GBP, resulting in total unrestricted funds decreasing from 34,744 GBP to 3,728 GBP. The trustees confirm that the charity remains a going concern with sufficient capacity to continue activities, despite noting that the broader economic climate posed challenges. The charity has not yet built formal reserves but is developing a policy to maintain three months of operating costs. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £110k |
| SIR JEREMIAH COLMAN GIFT TRUST | 1 | £26k |
| JOHN ELLERMAN FOUNDATION | 1 | £25k |
| THE ORP FOUNDATION | 1 | £10k |
| POLDEN PUCKHAM CHARITABLE FOUNDATION | 1 | £10k |
| THE NEUMARK FOUNDATION | 1 | £6k |
| W F SOUTHALL TRUST | 1 | £5k |
| THE REISNER CHARITABLE FOUNDATION LTD | 1 | £5k |
Charities like this
- HOPE COMMUNITY FOUNDATION
- HOPE FOUNDATION HELPING THE HELPLESS
- HOPE FOR THE FUTURE
- HOPE FOR MANKIND
- GRAFF FOUNDATION
- The Framlingham Foundation Trust T/A The Ed Sheeran Suffolk Music Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CONNECTIONS OF HOPE FOUNDATION | £156k | — | 0 | below | — | no doubt |
| HOPE COMMUNITY FOUNDATION | £398k | — | 0 | below | — | material uncertainty |
| HOPE FOUNDATION HELPING THE HELPLESS | £254k | — | 0 | unclear | — | no doubt |
| HOPE FOR THE FUTURE | £422k | — | 0 | above | — | no doubt |
| HOPE FOR MANKIND | £1.2m | — | 0 | unclear | — | no doubt |
| GRAFF FOUNDATION | £1.4m | — | 0 | above | — | no doubt |