Registered number: 6291331 Charity number: 1120879
HOPE 4 THE WORLD (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
HOPE 4 THE WORLD
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Trustees' responsibilities statement | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 18 |
HOPE 4 THE WORLD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2020
Trustees
Dr. M Hall, Chair Dr. R. C. Crouch, Trustee Dr. F.H.N. Hussain, Trustee Prof. P R McCrone, Trustee (resigned 18 June 2019) Mrs N L Ogunsanya (appointed 23 May 2020) Dr J Heyworth (appointed 25 June 2020)
Company registered number
6291331
Charity registered number
1120879
Registered office
Meadowside, 2 Church Road, Keston, Kent, BR2 6HT
Company secretary
Dr F.H.N. Hussain
Chief executive officer
Dr. S F Nash
Independent Examiner
P R Willans BSc. FCA, 26 Burney Street, London, SE10 8EX
Bankers
HSBC., 149 Rushy Green, Catford, London, SE6 4BQ
Page 1
HOPE 4 THE WORLD
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2020
The Trustees present their annual report together with the financial statements of the company for the 1 July 2019 to 30 June 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required
OBJECTIVES AND ACTIVITIES
a. Policies and objectives
Our objectives are primarily medical and educational. The focus is on training indigenous Teachers and Educationalists, and Emergency Medical Practitioners. These two objectives are considered by the Charity to further Public Benefit. Details of activities are included within the Review of activities.
ACHIEVEMENTS AND PERFORMANCE
a. KEY FINANCIAL PERFORMANCE INDICATORS
The key indicators relate to matching of funding to specific projects identified by the charity as being important and relating to Public Benefit. Administration costs are kept to a minimum.
b. Review of activities
In the financial year 2019/20 we ran the ninth 26 week Medic training programme starting in August 2019 and ending in March 2020. We were very fortunate that trainers were able and willing to go and complete the theory component of the course which ended on 13th March just before the COVID lockdown. The students had a 2 week break and by the end of that holiday the border between Thailand and Burma had closed so they were not able to return and the 20-week practical training had to be postponed. Level 1, which is taught by our local Karen Training team followed by a 2 week English course to help the students speak better and understand medical terminology was done in Mae Sot, Thailand. Level 2 and Level 3 were conducted in Mae La Camp hospital. The class was 32 this year which is a good class size. The 4 week CME course (Continuing Medical Education) class for 20 students who have previously completed medical training was due to start in January 2020 but in the light of the impending travel restrictions this was suspended. The provisional plan was put in place to recommence training in 2021.
We continue to enjoy the support of > 40 volunteer medical health professionals to deliver our medical training programmes. In financial terms this equates to approximately 1,800 hours of time or £50,000 in money. We are grateful for the continued commitment of volunteers towards fulfilling the goals of the charity. All the medical staff covered their own travel expenses, local transport and hotel bills totalling £30,000.
We also delivered another 2 week teacher training on the Thai / Burma border in a secure location, which was delivered by 2 experienced teachers.
In this financial year, we have received £39,357 in incoming resources, of which £35,975 where restricted funds and £3,382 were unrestricted funds.
Total expenditure was £36,497, of which £31,366 was from our restricted funds and £5,131 was expended from unrestricted funds.
Our net surplus for the year was thus £2,860.
Our reserves at the financial year end stood at £30,132 of which £22,715 is held in restricted funds and £7,417 were held in unrestricted funds.
Page 2
HOPE 4 THE WORLD (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2020
The total restricted reserve available for the projects related to education in Burma totalled £21,023 and restricted funds for medical work is £1,401. We also currently hold £291 in the Borneo Medical Fund.
c. Investment policy
The company has a long term policy for the investment of funds. Any surplus funds arising from time to time will be held in Bank Deposit Accounts which allow easy access to the funds if required.
FINANCIAL REVIEW
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Despite the COVID crisis it is our expectation that we will complete the practical training and restart CME training in 2021. The trustees have considered the impact of Coronavirus of the company's operations as a whole and are of the belief that the company remains a going concern.
b. Reserves policy
The company endeavours to maintain a reserves policy whereby funds equivalent to three months Administration expenses are held within bank accounts. In addition reserves will be transferred from the general fund to ensure that any restricted fund does not produce a deficit, except in cases where such a deficit is expected to be a temporary shortfall (such as when a project is undertaken whilst still awaiting the receipt of funds).
At 30 June 2020 the Unrestricted Funds stood at £1,762 (2019 - £7,417) which is greater than the required level of £1,422 (2019 - £1,082).
STRUCTURE, GOVERNANCE AND FINANCE
a. Constitution
The company is a charitable company limited by guarantee and was set up by a Memorandum of Association on 25 June 2007 .
The company's constitution is under a Memorandum of Association dated 25 June 2007 and the company is a registered charity number 1120879.
The principal objectives of the company are as follows:-
To advance education by such means as the Trustees may consider appropriate, including by means of establishing and operating any educational establishment or establishments in Burma, Thailand, Indonesia, and in such other parts of the world as the Trustees may from time to time think fit.
To alleviate poverty and financial hardship by any such means as the Trustees may consider appropriate, including the provision of expertise, training and funding for establishing micro-enterprise in any of the said locations and in such other parts of the world as the Trustees from time to time may think fit.
The trustees consider that the above objectives are for public benefit.
b. Method of appointment or election of trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Under terms set out in the Articles of Association, at each Annual General Meeting, one third of the trustees retire from office and being eligible may offer themselves for re-election.
Page 3
HOPE 4 THE WORLD (A company limited by guarantee)
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2020
c. Organisational structure and decision making
The Trustees meet twice a year and the CEO reports to them on the activities and financial status of the charity.
d. Risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the overseas operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
PLANS FOR THE FUTURE
a. Future developments
The Karen Department of Health and Welfare (KDHW) is progressing the ‘Roadmap of Training’ as they seek to deliver the correct number and type of health workers required for the Karen State. Very sadly the Director of KDHW died on 7th Feb 2020. There is currently an interim Director until elections will be held by the Karen National Union (KNU). The graduates from August batch 9 will be deployed to needy areas when the practical training can be completed. In the last 9 years we have trained 182 medics. The 4 week Continuing Medical Education (CME) will recommence in 2021, COVID permitting The teacher training inside Burma will not happen in the coming year but we hope that the training in Thailand will be possible depending on COVID travel restrictions. We anticipate continuing and developing our teacher training programme in 2020/21 and we are currently seeking to find new trainers.
In order to meet the financial challenge this puts before us we will continue with the expectation that our medical trainers and teacher trainers will cover their own expenses.
Fundraising activities have also been suspended temporarily as this is a difficult time in the charity sector. We anticipate that the 4 donors who give very significant donations will continue to give ‘one off’ gifts which gives us confidence for the future.
Volunteers continue to take initiative in individual fund raising efforts which will raise small but significant amounts towards the costs of running the training courses.
This report was approved by the Trustees, on 13 March 2021 and signed on their behalf by:
Dr. F.H.N. Hussain, Trustee
Page 4
HOPE 4 THE WORLD
(A company limited by guarantee)
TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2020
The Trustees (who are also directors of Hope 4 the World for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
HOPE 4 THE WORLD (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE 4 THE WORLD (the 'company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2020.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:Peter R Willans
Dated: 13 March 2021
P.R.Willans B.Sc.(hons) FCA.
26 Burney Street London SE10 8EX
Page 6
HOPE 4 THE WORLD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2020
| Note INCOME FROM: Donations and legacies 2 Other trading activities 3 Investments 4 TOTAL INCOME EXPENDITURE ON: Raising funds Charitable activities 6 TOTAL EXPENDITURE 7 NET INCOME / (EXPENDITURE) BEFORE TRANSFERS Transfers between Funds 14 NET INCOME / (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Restricted funds Unrestricted funds 2020 £ 2020 £ 57,347 5,304 - - - 2 57,347 5,306 - 216 59,996 4,176 59,996 4,392 (2,649) 914 6,569 (6,569) 3,920 (5,655) 3,920 (5,655) 22,715 7,417 26,635 1,762 |
Total funds 2020 £ 62,651 - 2 62,653 216 64,172 64,388 (1,735) - (1,735) (1,735) 30,132 28,397 |
Total funds 2019 £ 38,233 1,122 2 |
|---|---|---|---|
| 39,357 | |||
| 966 35,531 |
|||
| 36,497 | |||
| 2,860 - |
|||
| 2,860 2,860 27,272 |
|||
| 30,132 |
The notes on pages 9 to 18 form part of these financial statements.
Page 7
HOPE 4 THE WORLD
(A company limited by guarantee) REGISTERED NUMBER: 6291331
BALANCE SHEET AS AT 30 JUNE 2020
| Note FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS:amounts falling due within one year 13 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Restricted funds 14 Unrestricted funds 14 TOTAL FUNDS |
2020 £ £ 52 2,412 27,513 29,925 (1,580) 28,345 28,397 26,635 1,762 28,397 |
2019 £ £ 71 2,596 29,045 31,641 (1,580) 30,061 30,132 22,715 7,417 30,132 |
2019 £ £ 71 2,596 29,045 31,641 (1,580) 30,061 30,132 22,715 7,417 30,132 |
|---|---|---|---|
| 30,132 | |||
| 22,715 7,417 |
|||
| 30,132 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 13 March 2021 and signed on their behalf, by:
Dr. F.H.N. Hussain, Trustee
The notes on pages 9 to 18 form part of these financial statements.
Page 8
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Hope 4 the World meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page . In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES (continued)
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
Page 10
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES (continued)
1.6 Tangible fixed assets and depreciation
All assets costing more than £100 are capitalised.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
- Office equipment 25.0% reducing balance - Computer equipment 33.3% reducing balance
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.11 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
HOPE 4 THE WORLD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
2. INCOME FROM DONATIONS AND LEGACIES
| Donations Grants Total donations and legacies Total 2019 |
Restricted funds Unrestricted funds 2020 £ 2020 £ 50,347 5,029 7,000 275 57,347 5,304 34,853 3,380 |
Total funds 2020 £ 55,376 7,275 62,651 38,233 |
Total funds 2019 £ 35,395 2,838 |
|---|---|---|---|
| 38,233 | |||
3. FUNDRAISING INCOME
| Card sales Total 2019 INVESTMENT INCOME Investment income - funds on Bank Deposit Total 2019 |
Restricted funds Unrestricted funds 2020 £ 2020 £ - - - - 1,122 - Restricted funds Unrestricted funds 2020 £ 2020 £ - 2 - 2 |
Total funds 2020 £ - - 1,122 Total funds 2020 £ 2 2 |
Total funds 2019 £ 1,122 1,122 |
|---|---|---|---|
| Total funds 2019 £ 2 |
|||
4. INVESTMENT INCOME
Page 12
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
5. SUPPORT COSTS
| Training Website maintenance Travelling Bank charges Wages and salaries Depreciation Total 2019 |
Overseas operations £ 59,843 - - 153 - - 59,996 31,366 |
UK support £ - 275 - 210 2,880 19 3,384 3,520 |
Total 2020 £ 59,843 275 - 363 2,880 19 63,380 34,886 |
Total 2019 £ 30,473 30 1,357 296 2,704 26 34,886 |
|---|---|---|---|---|
The basis of allocation is specific to the fund charged with the cost, no costs are apportioned.
6. GOVERNANCE COSTS
| GOVERNANCE COSTS | ||||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| funds | funds | funds | funds | |
| 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Independent examiners' fees | - | 792 | 792 | 645 |
Page 13
HOPE 4 THE WORLD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
7. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
| Expenditure on raising voluntary income Costs of raising funds Oversea operations UK Support Charitable activities Expenditure on governance Total 2019 |
Staff costs Depreciation Other costs 2020 £ 2020 £ 2020 £ - - 216 - - 216 - - 59,996 2,880 19 485 2,880 19 60,481 - - 792 2,880 19 61,489 2,704 26 33,767 |
Total 2020 £ 216 216 59,996 3,384 63,380 792 64,388 36,497 |
Total 2019 £ 966 966 |
|---|---|---|---|
| 31,366 3,520 34,886 |
|||
| 645 36,497 |
|||
8. NET INCOME/(EXPENDITURE)
This is stated after charging:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets: | ||
| - owned by the charity | 19 | 26 |
| Independent Examiners fees | 792 | 840 |
During the period, no Trustees received any remuneration or any benefits in kind. During the year, no Trustees received any benefits in kind (2019 - £NIL).
During the period, no expenses were reimbursed which resulted in the trustees receiving a benefit in kind.
9. EXAMINER'S FEE
The Independent Examiner's remuneration amounts to a fee of £ 792 (2019 - £ 840).
Page 14
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
10. STAFF COSTS
Staff costs were as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 2,880 | 2,704 |
The average number of persons employed by the company during the year was as follows:
2020 2019 No. No. Administration 1 1
No employee received remuneration amounting to more than £60,000 in either year.
The employee worked part time for the company. The costs of employment were made by a partner charity who administered the payroll scheme of the person concerned and charged the appropriate costs to the company.
11. TANGIBLE FIXED ASSETS
| Cost At 1 July 2019 and 30 June 2020 Depreciation At 1 July 2019 Charge for the year At 30 June 2020 Net book value At 30 June 2020 At 30 June 2019 |
Office equipment £ 894 851 10 861 33 43 |
Computer equipment £ 1,467 1,439 9 1,448 19 28 |
Total £ 2,361 |
|---|---|---|---|
| 2,290 19 |
|||
| 2,309 | |||
| 52 | |||
| 71 |
12. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Tax recoverable | 2,412 | 2,596 |
Page 15
HOPE 4 THE WORLD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
13. CREDITORS: Amounts falling due within one year
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,580 | 1,580 |
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| Designated funds Development Fund General funds General Funds - all funds Total Unrestricted funds Restricted funds Support a School Borneo Medical Fund Burma Medical Fund Support a Medic Burma Education Burma General Medical Training Total of funds |
Brought Forward £ 5,652 1,765 7,417 795 291 15,753 279 4,164 311 1,122 22,715 30,132 |
Income £ - 5,306 5,306 150 - 57,154 - 43 - - 57,347 62,653 |
Expenditure £ (280) (4,112) (4,392) - - (57,117) - (2,879) - - (59,996) (64,388) |
Transfers in/out Balance at 30 June 2020 £ £ (5,000) 372 (1,569) 1,390 (6,569) 1,762 - 945 - 291 7,691 23,481 - 279 - 1,328 - 311 (1,122) - 6,569 26,635 - 28,397 |
|---|---|---|---|---|
Page 16
(A company limited by guarantee)
HOPE 4 THE WORLD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
14. STATEMENT OF FUNDS (continued)
STATEMENT OF FUNDS - PRIOR YEAR
| Development Fund General Funds - all funds Restricted funds Support a School Borneo Medical Fund Burma Medical Fund Support a Medic Burma Education Burma General Medical Training |
Balance at 1 July 2018 £ 5,643 3,523 660 291 15,082 279 1,483 311 - 18,106 |
Income £ 785 2,597 135 - 32,037 - 2,681 - 1,122 35,975 |
Expenditure Balance at 30 June 2019 £ £ (776) 5,652 (4,355) 1,765 - 795 - 291 (31,366) 15,753 - 279 - 4,164 - 311 - 1,122 (31,366) 22,715 |
|---|---|---|---|
SUMMARY OF FUNDS - CURRENT YEAR
| Designated funds General funds Restricted funds |
Brought Forward £ 5,652 1,765 7,417 22,715 30,132 |
Income Expenditure £ £ - (280) 5,306 (4,112) 5,306 (4,392) 57,347 (59,996) 62,653 (64,388) |
Transfers in/out Balance at 30 June 2020 £ £ (5,000) 372 (1,569) 1,390 (6,569) 1,762 6,569 26,635 - 28,397 |
|---|---|---|---|
Page 17
HOPE 4 THE WORLD (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
14. STATEMENT OF FUNDS (continued) SUMMARY OF FUNDS - PRIOR YEAR
| Designated funds General funds Restricted funds |
Balance at 1 July 2018 £ 5,643 3,523 9,166 18,106 27,272 |
Income Expenditure Balance at 30 June 2019 £ £ £ 785 (776) 5,652 2,597 (4,355) 1,765 3,382 (5,131) 7,417 35,975 (31,366) 22,715 39,357 (36,497) 30,132 |
|---|---|---|
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
| Tangible fixed assets Current assets Creditors due within one year ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Tangible fixed assets Current assets Creditors due within one year |
Restricted funds 2020 £ - 26,635 - 26,635 Restricted funds 2019 £ - 22,715 - 22,715 |
Unrestricted funds 2020 £ 52 3,290 (1,580) 1,762 Unrestricted funds 2019 £ 71 8,926 (1,580) 7,417 |
Total funds 2020 £ 52 29,925 (1,580) 28,397 Total funds 2019 £ 71 31,641 (1,580) 30,132 |
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HOPE 4 THE WORLD IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020 Page19