Way of Hope Foundation.
Charity Number 1015557
Trustees Annual Report (TAR) Year Ended 30 April 2022
INTRODUCTION
The Way of Hope Foundation is a UK registered charity which raises funds in the UK to support the work of its partner organisation, also called Way of Hope Foundation which is based in Budapest and who work among orphaned children and other disadvantaged youngsters in Hungary and Ukraine by contributing to their moral and social welfare and general wellbeing through teaching and the giving of practical help and support where possible.
THE REPORT
This Trustees report relates solely to the work of the UK registered charity which is to collect and send funds to support the work in Hungary and Ukraine.
THE TRUSTEES
There are currently two trustees: Mr Paul Clark and Mr James Dunn. A third trustee, Dr John Birch, passed away in August 2021.
Action is being taken to recruit a further two trustees with the expectation of appointing them during the current financial year (22/23)
ASSETS/ LIABILITIES
The Charity has no tangible assets (eg cars; buildings ; equipment etc. )
None of the Trustees have received any compensation (fees/expenses or any other benefits) from the Charity for the work they have undertaken on its behalf during 2021/22
FINANCES
A certified set of accounts has been drawn up for the financial year 21/22 and is submitted with this report.
Income : The income for the year ended 30 April 22 (£41064) is significantly greater than would normally be expected. This is due to the response to the Humanitarian aid appeal relating to the refugee crisis driven by the war in Ukraine.
Sources of income were:
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Regular monthly donations from sponsors
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One off Ad Hoc gifts from churches and individuals
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Occasional giving through the JustGiving platform
Expenditure : these arise from:
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Monthly subscription to JustGiving
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Bank Charges arising from transfer of funds to Way of Hope (Hungary)
The remaining funds were sent to Way of Hope (Hungary) in furtherance of their work in Eastern Europe
The trustees confirm that the present means of supporting the work of Way of Hope Hungary will continue.
J Dunn (Chair of Trustees)
THE WAY OF HOPE REGISTERED CHARITY: 1015557
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30th APRIL 2022
| Income Donations 01/05/2021 Current A/c Excess Income over expenditure |
£ Expenditure £ 41063.84 Just Giving Fees 216.00 Bank Charges 18.75 Way of Hope Hungary 33000.00 Excess income over expenditure 7829.09 41063.84 41063.84 BALANCE SHEET AS AT 30th APRIL 2022 2488.76 30/04/2022 Current A/c 10317.85 7829.09 10317.85 10317.85 |
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Prepared from the books and records of our client and certified to be in accordance therewith
25 Wells Street Stuart Armstrong & Co (Scunthorpe) Limited Scunthorpe Accountants & Taxation Consultants North Lincolnshire DN15 6HL 12th October 2022
THE WAY OF HOPE
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30th APRIL 2022
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE WAY OF HOPE
I report to the trustees on my examination of the Income and Expenditure Account of the charity for the year ended 30[th] April 2022.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rachel Gravina MAAT For and on behalf of: Stuart Armstrong & Co ( Scunthorpe ) Limited Accountants and Taxation Consultants 25 Wells Street SCUNTHORPE North Lincolnshire DN15 6HL
12[th] October 2022