**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 2021** ## **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 - 19| ## **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 2021** ## **Trustees** Dr. M Hall, Trustee (resigned 13 March 2021) Dr. R. C. Crouch, Trustee Dr. F.H.N. Hussain, Chair Mrs N L Ogunsanya, Trustee Dr J Heyworth, Trustee ## **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 M Landergan 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 2021** The Trustees present their annual report together with the financial statements of the company for the 1 July 2020 to 30 June 2021. 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** HOPE 4 the World’s objectives are primarily medical and educational. The focus is on training indigenous teachers 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** IThe Covid pandemic hit the world in March 2020 and HOPE did not escape its effects. 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 postponed. The provisional plan at the end of the financial year was to recommence the practical training after one year in March 2022. The annual 2-week teacher training course which is normally delivered in the October half term was also a casualty of the lockdown as Thailand did not allow foreign visitors at all. In this financial year, we have received £55,497 in incoming resources, of which £50,205 where restricted funds and £5,292 were unrestricted funds. Total expenditure was £30,645, of which £25,068 was from our restricted funds and £5,577 was expended from unrestricted funds. Our net surplus for the year was thus £24,852. Our reserves at the financial year end stood at £53,249 of which £51,772 is held in restricted funds and £1,477 in unrestricted funds. The total restricted reserve available for the projects related to education in Burma totalled £51,202 and restricted funds for medical work is £279. 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. Page 2 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2021** ## **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 of £1,477. 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 2021/22. 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 2021 the Unrestricted Funds stood at £1,477 (2020 £1,762) the desired level of £1,394, being 3 months expenditure (2020 £1,422.) ## **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. ## **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. Page 3 ## **HOPE 4 THE WORLD** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2021** ## **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). By 1st January 2021 it became clear that it was very unlikely that we would be able to restart the 20-week practical training which Batch 8 students had missed. The graduates from August batch 8 will be deployed to needy areas when the practical training is completed. In the last 10 years we have trained 182 medics. There are 32 students still waiting to graduate (Batch 8.) The 4 week Continuing Medical Education (CME) has been postponed again and we hope to recommence in 2022, COVID permitting. We anticipate continuing and developing our teacher training programme in 2021/22 and we have found a very suitable potential education lead who is retiring and has expressed an interest. In order to meet the financial challenge we will continue with the expectation that our medical trainers and teacher trainers will cover their own expenses. Fundraising activities remained suspended as there was so much uncertainty over the pandemic. 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 24 February 2022 and signed on their behalf by: ## **Dr. F.H.N. Hussain, Chair** Page 4 ## **HOPE 4 THE WORLD** ## **(A company limited by guarantee)** ## **TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 JUNE 2021** 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 2021** ## **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 2021. 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: 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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: 24 February 2022 P M Landergan FCA. For Landergan & Co Ltd 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 2021** |**Note**
**INCOME FROM:**
Donations and legacies
2
Investments
3
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
Charitable activities
5
**TOTAL EXPENDITURE**
6
**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**
**2021**
**£**
**2021**
**£**
**50,205**
**5,292**
**-**
**-**
**50,205**
**5,292**
**-**
**216**
**25,068**
**5,361**
**25,068**
**5,577**
**25,137**
**(285)**
**25,137**
**(285)**
**26,635**
**1,762**
**51,772**
**1,477**|**Total**
**funds**
**2021**
**£**
**55,497**
**-**
**55,497**
**216**
**30,429**
**30,645**
**24,852**
**24,852**
**28,397**
**53,249**|_Total_
_funds_
_2020_
_£_
_62,651_
_2_
_62,653_
_216_
_64,172_
_64,388_
_(1,735)_
_(1,735)_
_30,132_
_28,397_| |---|---|---|---| The notes on pages 9 to 19 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 2021** |**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**|**2021**
**£**
**£**
**558**
**4,072**
**50,199**
**54,271**
**(1,580)**
**52,691**
**53,249**
**51,772**
**1,477**
**53,249**|_2020_
_£_
_£_
_52_
_2,412_
_27,513_
_29,925_
_(1,580)_
_28,345_
_28,397_
_26,635_
_1,762_
_28,397_|_2020_
_£_
_£_
_52_
_2,412_
_27,513_
_29,925_
_(1,580)_
_28,345_
_28,397_
_26,635_
_1,762_
_28,397_| |---|---|---|---| ||||_28,397_| ||||_26,635_
_1,762_| ||||_28,397_| 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 24 February 2022 and signed on their behalf, by: ## **Dr. F.H.N. Hussain, Chair** The notes on pages 9 to 19 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 2021** ## **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 2021** ## **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 2021** ## **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 2021** ## **2. INCOME FROM DONATIONS AND LEGACIES** |Donations
Grants
Total donations and legacies
_Total 2020_
**INVESTMENT INCOME**
Investment income - funds on Bank Deposit
_Total 2020_
**SUPPORT COSTS**
Training
Website maintenance
Equipment scrapped
Bank charges
Wages and salaries
Depreciation
_Total 2020_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**50,205**
**5,292**
**-**
**-**
**50,205**
**5,292**
_57,347_
_5,304_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**-**
_-_
_2_
**Overseas**
**operations**
**UK support**
**£**
**£**
**25,770**
**-**
**-**
**152**
**-**
**52**
**68**
**142**
**-**
**3,126**
**-**
**279**
**25,838**
**3,751**
_59,996_
_3,384_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**50,205**
**5,292**
**-**
**-**
**50,205**
**5,292**
_57,347_
_5,304_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**-**
_-_
_2_
**Overseas**
**operations**
**UK support**
**£**
**£**
**25,770**
**-**
**-**
**152**
**-**
**52**
**68**
**142**
**-**
**3,126**
**-**
**279**
**25,838**
**3,751**
_59,996_
_3,384_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**50,205**
**5,292**
**-**
**-**
**50,205**
**5,292**
_57,347_
_5,304_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**-**
_-_
_2_
**Overseas**
**operations**
**UK support**
**£**
**£**
**25,770**
**-**
**-**
**152**
**-**
**52**
**68**
**142**
**-**
**3,126**
**-**
**279**
**25,838**
**3,751**
_59,996_
_3,384_|**Total**
**funds**
**2021**
**£**
**55,497**
**-**
**55,497**
_62,651_
**Total**
**funds**
**2021**
**£**
**-**
_2_
**Total**
**2021**
**£**
**25,770**
**152**
**52**
**210**
**3,126**
**279**
**29,589**
_63,380_|_Total_
_funds_
_2020_
_£_
_55,376_
_7,275_| |---|---|---|---|---|---| ||||||| ||||||| ||||||_62,651_| ||||||_Total_
_funds_
_2020_
_£_
_2_| ||||||_Total_
_2020_
_£_
_59,843_
_275_
_-_
_363_
_2,880_
_19_
_63,380_| ||||||| |||_59,996_|||| **3. INVESTMENT INCOME** ## **4. SUPPORT COSTS** The basis of allocation is specific to the fund charged with the cost, no costs are apportioned. Page 12 ## **HOPE 4 THE WORLD** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **5. GOVERNANCE COSTS** |**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
Independent examiners' fees
**-**
**840**
**ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
**Staff costs**
**Depreciation**
**Other costs**
**2021**
**£**
**2021**
**£**
**2021**
**£**
Expenditure on raising
voluntary income
**-**
**-**
**216**
**Costs of raising funds**
**-**
**-**
**216**
Oversea operations
**-**
**-**
**25,838**
UK Support
**3,126**
**279**
**346**
**Charitable activities**
**3,126**
**279**
**26,184**
**Expenditure on**
**governance**
**-**
**-**
**840**
**3,126**
**279**
**27,240**
_Total 2020_
_2,880_
_19_
_61,489_|**Total**
**funds**
**2021**
**£**
**840**
**Total**
**2021**
**£**
**216**
**216**
**25,838**
**3,751**
**29,589**
**840**
**30,645**
_64,388_|_Total_
_funds_
_2020_
_£_
_792_| |---|---|---| |||_Total_
_2020_
_£_
_216_
_216_| |||_59,996_
_3,384_
_63,380_| |||_792_
_64,388_| |||| ## **6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE** ## **7. NET INCOME/(EXPENDITURE)** This is stated after charging: ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Depreciation of tangible fixed assets:||| |- owned by the charity|**279**|_19_| |Independent Examiners fees|**840**|_792_| During the period, no Trustees received any remuneration or any benefits in kind. During the year, no Trustees received any benefits in kind (2020 - £NIL). During the period, no expenses were reimbursed which resulted in the trustees receiving a benefit in kind. Page 13 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **8. EXAMINER'S FEE** The Independent Examiner's remuneration amounts to a fee of £ 840 (2020 - £ 792). - - Page 14 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **9. STAFF COSTS** Staff costs were as follows: **2021** _2020_ **£** _£_ Wages and salaries **3,126** _2,880_ The average number of persons employed by the company during the year was as follows: **2021** _2020_ **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. ## **10. RELATED PARTY TRANSACTIONS** During the year ended 30 June 2021 donations from Trustees were £7,375 (2020 - £11,000) Page 15 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **11. TANGIBLE FIXED ASSETS** |**Cost**
At 1 July 2020
Additions
Disposals
At 30 June 2021
**Depreciation**
At 1 July 2020
Charge for the year
On disposals
At 30 June 2021
**Net book value**
At 30 June 2021
_At 30 June 2020_
**12.**
**DEBTORS**
Tax recoverable
**13.**
**CREDITORS: Amounts falling due within one year**
Accruals and deferred income|**Office**
**equipment**
**£**
**894**
**(894)**
**-**
**-**
**861**
**-**
**(861)**
**-**
**-**
_33_



|**Office**
**equipment**
**£**
**894**
**(894)**
**-**
**-**
**861**
**-**
**(861)**
**-**
**-**
_33_



|**Computer**
**equipment**
**£**
**1,467**
**837**
**(1,467)**
**837**
**1,448**
**279**
**(1,448)**
**279**
**558**
_19_
**2021**
**£**
**4,072**
**2021**
**£**
**1,580**|**Total**
**£**
**2,361**
**(57)**
**(1,467)**
**837**
**2,309**
**279**
**(2,309)**
**279**
**558**
_52_
_2020_
_£_
_2,412_
_2020_
_£_
_1,580_| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||
||| Page 16 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **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
Total of funds|**Brought**
**Forward**
**£**
**372**
**1,390**
**1,762**
**945**
**291**
**23,481**
**279**
**1,328**
**311**
**26,635**
**28,397**|**Income**

**£**
**-**
**5,292**
**5,292**
**150**
**-**
**19,969**
**-**
**-**
**30,086**
**50,205**
**55,497**|**Expenditure**
**Balance at**
**30 June 2021**
**£**
**£**
**(51)**
**321**
**(5,526)**
**1,156**
**(5,577)**
**1,477**
**-**
**1,095**
**-**
**291**
**(2,017)**
**41,433**
**-**
**279**
**-**
**1,328**
**(23,051)**
**7,346**
**(25,068)**
**51,772**
**(30,645)**
**53,249**| |---|---|---|---| Page 17 **HOPE 4 THE WORLD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **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 2019_
_£_
_5,652_
_1,765_
_795_
_291_
_15,753_
_279_
_4,164_
_311_
_1,122_
_22,715_|_Income_
_£_
_-_
_5,306_
_150_
_-_
_57,154_
_-_
_43_
_-_
_-_
_57,347_|_Expenditure_
_£_
_(280)_
_(4,112)_
_-_
_-_
_(57,117)_
_-_
_(2,879)_
_-_
_-_
_(59,996)_|_Transfers_
_in/out_
_Balance at 30_
_June 2020_
_£_
_£_
_(5,000)_
_372_
_(1,569)_
_1,390_
_-_
_945_
_-_
_291_
_7,691_
_23,481_
_-_
_279_
_-_
_1,328_
_-_
_311_
_(1,122)_
_-_
_6,569_
_26,635_| |---|---|---|---|---| ## **SUMMARY OF FUNDS - CURRENT YEAR** |Designated funds
General funds
Restricted funds|**Brought**
**Forward**
**£**
**372**
**1,390**
**1,762**
**26,635**
**28,397**|**Income**
**Expenditure**
**Balance at**
**30 June 2021**
**£**
**£**
**£**
**-**
**(51)**
**321**
**5,292**
**(5,526)**
**1,156**
**5,292**
**(5,577)**
**1,477**
**50,205**
**(25,068)**
**51,772**
**55,497**
**(30,645)**
**53,249**| |---|---|---| Page 18 **(A company limited by guarantee)** ## **HOPE 4 THE WORLD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** ## **14. STATEMENT OF FUNDS (continued) SUMMARY OF FUNDS - PRIOR YEAR** |Designated funds
General funds
Restricted funds|_Balance at_
_1 July 2019_
_£_
_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_| |---|---|---|---| ## **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**
**2021**
**£**
**-**
**51,772**
**-**
**51,772**
_Restricted_
_funds_
_2020_
_£_
_-_
_26,635_
_-_
_26,635_|**Unrestricted**
**funds**
**2021**
**£**
**558**
**2,499**
**(1,580)**
**1,477**
_Unrestricted_
_funds_
_2020_
_£_
_52_
_3,290_
_(1,580)_
_1,762_|**Total**
**funds**
**2021**
**£**
**558**
**54,271**
**(1,580)**
**53,249**
_Total_
_funds_
_2020_
_£_
_52_
_29,925_
_(1,580)_
_28,397_| |---|---|---|---|---| |||||| Page 19 HOPE 4 THE WORLD IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Page 20