ELBA HOPE FOUNDATION
Our work in the United Kingdom centers on community empowerment, education, and sustainable development. At the heart of our mission also lies a steadfast commitment to sustainable progress and better futures for Africans and the African Diaspora through the interconnected tools of agriculture, conservation, and youth advocacy.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted funds in deficit of £577,527, resulting from a net loss of £529,928 against income of £208,989. The trustees report that this deficit reflects a strategic phase of investment and note that the charity relies on a confirmed pipeline of pledged grants and support from a connected company to continue operating for the foreseeable future.
What the accounts disclose
“At 31 December 2024 the Charity’s funds are in deficit by £577,527, which are all unrestricted. It is the policy of the trustees to retain sufficient unrestricted funds which, in their judgement, will mitigate the short-term effect of income volatility and retain funds to generate sufficient income to meet current and future operational activities of the charity. Formal policy will be agreed by the trustees in due course.” — page 6
“The Trustees are confident that Elba Hope Foundation remains a going concern. While the current year-end position shows a deficit, this reflects a temporary and strategic phase of investment in new high-impact programmes launched during the year. These initiatives required significant upfront commitments, but they are already generating strong donor interest and are expected to secure substantial future funding. The Foundation have a confirmed pipeline of pledged grants and major gifts scheduled for receipt in the next fiscal year. Additionally, they have planned public fundraising initiatives and events to broaden their income base and create sustainable, recurring revenue streams as well as appointing dedicated fundraisers in 2025 to expand income generation. The trustees have overseen a review of operational expenditure and implemented cost controls. In addition to the above, IE7 Ltd, a company under common control, has committed to supporting pledged grants and operations until sufficient outside fundraising is secured, ensuring that all obligations are fully backed.” — page 6
“Included in Amounts owed to group companies is £682,931 (2023: £170,722), which was received from connected companies, IE7 Ltd and IE7 Holdings Ltd of which I Elba a trustee of Elba Hope Foundation is the director.” — page 15
“Included in Amounts owed to group companies is £31,871 (2023: £nil) which was owed to connected charity Elba Hope Foundation Inc, of which I Elba a trustee of Elba Hope Foundation is a trustee.” — page 15
“Included in Amounts owed to group companies is £682,931 (2023: £170,722), which was received from connected companies, IE7 Ltd and IE7 Holdings Ltd of which I Elba a trustee of Elba Hope Foundation is the director.” — page 15
“Included in Amounts owed to group companies is £31,871 (2023: £nil) which was owed to connected charity Elba Hope Foundation Inc, of which I Elba a trustee of Elba Hope Foundation is a trustee.” — page 15
Trustees
- Idris Akuna Elba OBEchair
- Maryam Egal
- Roger Glenister Charteris
- Sabrina Dhowre Elba
- Susan Benjamin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £209k | £739k |
| 31/12/2023 | £302k | £350k |
Common questions
Is ELBA HOPE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with unrestricted funds in deficit of £577,527, resulting from a net loss of £529,928 against income of £208,989. The trustees report that this deficit reflects a strategic phase of investment and note that the charity relies on a confirmed pipeline of pledged grants and support from a connected company to continue operating for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 1 | £861k |
| THE SENECA TRUST | 1 | £700k |
| ST. JAMES'S PLACE CHARITABLE FOUNDATION | 1 | £250k |
| Boodles Charitable Trust | 1 | £137k |
| THE BREADSTICKS FOUNDATION | 1 | £123k |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | 1 | £110k |
| GATEWAY CHURCH SWINDON | 1 | £99k |
| THE SCHRODER FOUNDATION | 1 | £90k |
Charities like this
- HOPE COMMUNITY FOUNDATION
- HOPE FOR THE FUTURE
- HOPE FOR TOMORROW GLOBAL
- PROJECT HOPE, UNITED KINGDOM
- H.O.P.E
- HOPE THROUGH ACTION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ELBA HOPE FOUNDATION | £209k | — | 0 | below | — | noted |
| HOPE COMMUNITY FOUNDATION | £398k | — | 0 | below | — | material uncertainty |
| HOPE FOR THE FUTURE | £422k | — | 0 | above | — | no doubt |
| HOPE FOR TOMORROW GLOBAL | £259k | — | 0 | above | — | no doubt |
| PROJECT HOPE, UNITED KINGDOM | £176k | — | 0 | below | — | noted |
| H.O.P.E | £176k | — | 0 | unclear | — | no doubt |