HANDS OF HOPE FOUNDATION
Our main focus is on assisting vulnerable adults by facilitating means that will enable them integrate in the communities. The foundation provides housing and educational support, information, advice, training and advocacy on dealing with the ongoing effects of homelessness and unemployment issues, food provision when required. The charity also supports African Orphanage homes where necessary.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net loss of £9,761 for the year ended 27 February 2025, with total incoming resources decreasing to £41,725. Per the trustees' report, unrestricted reserves stood at £4,253, which the trustees noted were needed to cover day-to-day administration and support costs. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts did not comply with applicable requirements.
What the accounts disclose
“Unrestricted funds are needed to cover the day-to-day administration and support costs of the charity, and also to have restricted reserves or designated funds available for specific projects.”
Trustees
- ALEXANDER BABUDOHchair
- ADEOLA OGUNADE
- Aderonke Phillips
- Blessing Odebode
- Elizabeth Smith-Mensah Mrs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 27/02/2025 | £42k | £51k |
| 27/02/2024 | £66k | £75k |
| 27/02/2023 | £58k | £49k |
| 27/02/2022 | £56k | £51k |
| 27/02/2021 | £23k | £8k |
Common questions
Is HANDS OF HOPE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net loss of £9,761 for the year ended 27 February 2025, with total incoming resources decreasing to £41,725. Per the trustees' report, unrestricted reserves stood at £4,253, which the trustees noted were needed to cover day-to-day administration and support costs. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts did not comply with applicable requirements. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 01/03/2024 | £20k | Above Crisis Van and Food |
| The National Lottery Community Fund | 18/12/2020 | £10k | Hands of Hope Foundation BAME Food Support |