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2023-06-30-accounts

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 2023

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 2023

Trustees

Dr. R. C. Crouch, Trustee Dr. F.H.N. Hussain, Chair Mrs N L Ogunsanya, Trustee Dr J Heyworth, Trustee Dr R Richards, 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 2023

The Trustees present their annual report together with the financial statements of the company for the 1 July 2022 to 30 June 2023. 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

In this financial year, we received incoming resources of £67,216 of which restricted funds of £61,235 and £5,981 were unrestricted funds.

Total expenditure was £54,888, of which £49,830 was from our restricted funds and £5,058 was expended from unrestricted funds.

Our net surplus for the year was thus £12,238

Our reserves at 30 June stood at £49,809 of which £47,074 is in restricted funds for work in Burma and £2,735 in unrestricted funds after transferring a closed trivial restricted fund balance of £291 to the general fund, which leaves us in a healthy position.

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 of £2,735. 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

Page 2

HOPE 4 THE WORLD

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2023

a project is undertaken whilst still awaiting the receipt of funds).

At 30 June 2023 the Unrestricted Funds stood at £2,735 (2022 £1,521) against the required level of £1,265 (2022 £1,391 so the reserve are sufficient

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 2023

PLANS FOR THE FUTURE

a. Future developments

The military coup was Feb 2021, and the Karen Tribe has been ravaged by drones and bombing. The devastation is not restricted to the Karen as the Chin and Karenni tribes have also been badly affected. The CEO was able to go to the graduation ceremony of Batch 8 (who never graduated because of Covid) and Batch 9, which was held in Mae Sot to develop a new cohort of trainers. The miliary government continues to bomb and destroy Karen villages creating many more Internally Displaced People (IDPs). They have been weakened in recent months. KDHW continues to seek to deliver the correct number and type of health workers required for the Karen State. The Director of KDHW has been replaced by an unelected colleague following the death of Eh Kalu in Feb 2022. To June 2022 we have trained 251 (Batch 10 was 24 students. We are looking forward to starting Batch 11 training in Jan 2024, which the expectation of doing Batch 12 in 2025

The charity currently trains in a refugee camp 5 hours south of Mae Sot.(Thailand) As a result ast year the charity bought a new car to help with transportation.

It is anticipated that we will recommence training in January 2024 and pick up the pieces of our training programme.

It would only be fair to say that it has been a struggle over the last 2 years, but the Karen people struggle much more than we do.

This report was approved by the Trustees, on 20 March 2024 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 2023

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:

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 2023

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 2023.

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: P M Landergan

Dated: 20 March 2024

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 2023

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
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
2023
£
2023
£
61,235
5,973
-
8
61,235
5,981
-
504
49,830
4,554
49,830
5,058
11,405
923
(291)
291
11,114
1,214
11,114
1,214
35,960
1,521
47,074
2,735		 Total
funds
2023
£
67,208
8
67,216
504
54,384
54,888
12,328
-
12,328
12,328
37,481
49,809		 Total
funds
2022
£
17,906
-
17,906
264
33,410
33,674
(15,768)
-
(15,768)
(15,768)
53,249
37,481

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 2023

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		 2023
£
£
186
8,985
41,418
50,403
(780)
49,623
49,809
47,074
2,735
49,809		 2022
£
£
279
1,880
36,942
38,822
(1,620)
37,202
37,481
35,960
1,521
37,481		 2022
£
£
279
1,880
36,942
38,822
(1,620)
37,202
37,481
35,960
1,521
37,481
37,481
35,960
1,521
37,481

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 20 March 2024 and signed on their behalf, by:

Dr. F.H.N. Hussain, Chair

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 2023

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 1. 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.

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.

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.

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.

Page 9

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES (continued)

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 2023

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:

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 2023

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Total 2022
INVESTMENT INCOME
Investment income - funds on Bank Deposit
SUPPORT COSTS
Training
Humanitarian Relief
Website maintenance
Insurance
Bank charges
Wages and salaries
Depreciation
Total 2022		 Restricted
funds
Unrestricted
funds
2023
£
2023
£
61,235
5,973
12,295
5,611
Restricted
funds
Unrestricted
funds
2023
£
2023
£
-
8
Overseas
operations
UK support
£
£
-
-
48,426
-
-
167
1,234
-
170
133
-
3,381
93
-
49,923
3,681
28,107
4,316		 Total
funds
2023
£
67,208
17,906
Total
funds
2023
£
8
Total
2023
£
-
48,426
167
1,234
303
3,381
93
53,604
32,423		 Total
funds
2022
£
17,906
Total
funds
2022
£
-
Total
2022
£
15,871
11,560
30
1,215
236
3,232
279
32,423

3. INVESTMENT INCOME

4. SUPPORT COSTS

During the year ended 30 June 2023, the company incurred the following Governance costs:

£ NIL (2022 - £NIL) included within the table above in respect of Restricted.

£ NIL (2022 - £NIL) included within the table above in respect of Unrestricted.

The basis of allocation is specific to the fund charged with the cost, no costs are apportioned.

Page 12

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

5. GOVERNANCE COSTS

Restricted
funds
Unrestricted
funds
2023
£
2023
£
Independent examiners' fees
-
780
Sundry expenses
-
-
-
780
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs
Depreciation
Other costs
2023
£
2023
£
2023
£
Expenditure on raising
voluntary income
-
-
504
Costs of raising funds
-
-
504
Oversea operations
-
93
49,830
UK Support
3,381
-
300
Charitable activities
3,381
93
50,130
Expenditure on
governance
-
-
780
3,381
93
51,414
Total 2022
3,232
279
30,163		 Total
funds
2023
£
780
-
780
Total
2023
£
504
504
49,923
3,681
53,604
780
54,888
33,674		 Total
funds
2022
£
780
207
987
Total
2022
£
264
264
28,107
4,316
32,423
987
33,674

6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

Page 13

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

2023 2022
£ £
Depreciation of tangible fixed assets:
- owned by the charity 93 279
Independent Examiners fees - 780

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.

8. EXAMINER'S FEE

Page 14

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

9. STAFF COSTS

Staff costs were as follows:

2023 2022
£ £
Wages and salaries 3,381 3,232

The average number of persons employed by the company during the year was as follows:

2023 2022 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 2023 donations from Trustees were £Please confirm(include Wives) (2021 - £4,000)

11. TANGIBLE FIXED ASSETS

Cost
At 1 July 2022 and 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022		 Computer
equipment
£
837
558
93
651
186
279

Page 15

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

12. DEBTORS

----- Start of picture text -----
2023 2022
£ £
Tax recoverable 8,985 1,880
CREDITORS: Amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 780 1,620
----- End of picture text -----

13. CREDITORS: Amounts falling due within one year

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Unrestricted funds
General Funds - all funds
Restricted funds
Support a School
Borneo Medical Fund
Burma Medical Fund
Support a Medic
Burma Education
Burma General
Total of funds		 Brought
Forward
£
1,521
1,215
291
32,847
279
1,328
-
35,960
37,481		 Income

£
5,981
150
-
58,185
-
1,000
1,900
61,235
67,216		 Expenditure
£
(5,058)
(1,275)
-
(46,404)
-
(2,151)
-
(49,830)
(54,888)		 Transfers
in/out
Balance at
30 June 2023
£
£
291
2,735
(90)
-
(291)
-
279
44,907
(279)
-
90
267
-
1,900
(291)
47,074
-
49,809

Page 16

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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		 Balance at
1 July 2021
£
321
1,156
1,095
291
41,433
279
1,328
7,346
51,772		 Income
£
-
5,611
120
-
11,375
-
-
800
12,295		 Expenditure
£
-
(5,567)
-
-
(19,961)
-
-
(8,146)
(28,107)		 Transfers
in/out
Balance at 30
June 2022
£
£
(321)
-
321
1,521
-
1,215
-
291
-
32,847
-
279
-
1,328
-
-
-
35,960

SUMMARY OF FUNDS - CURRENT YEAR

General funds
Restricted funds		 Brought
Forward
£
1,521
1,521
35,960
37,481		 Income
Expenditure
£
£
5,981
(5,058)
5,981
(5,058)
61,235
(49,830)
67,216
(54,888)		 Transfers
in/out
Balance at
30 June 2023
£
£
291
2,735
291
2,735
(291)
47,074
-
49,809

Page 17

(A company limited by guarantee)

HOPE 4 THE WORLD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

14. STATEMENT OF FUNDS (continued) SUMMARY OF FUNDS - PRIOR YEAR

Designated funds
General funds
Restricted funds		 Balance at
1 July 2021
£
321
1,156
1,477
51,772
53,249		 Income
Expenditure
£
£
-
-
5,611
(5,567)
5,611
(5,567)
12,295
(28,107)
17,906
(33,674)		 Transfers
in/out
Balance at 30
June 2022
£
£
(321)
-
321
1,521
-
1,521
-
35,960
-
37,481

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
2023
£
-
47,074
-
47,074
Restricted
funds
2022
£
-
35,960
-
35,960		 Unrestricted
funds
2023
£
186
3,329
(780)
2,735
Unrestricted
funds
2022
£
279
2,862
(1,620)
1,521		 Total
funds
2023
£
186
50,403
(780)
49,809
Total
funds
2022
£
279
38,822
(1,620)
37,481

16. Conduit Funding

During the year to 30 June 2022 £1,000 was received from a donor to support a US Charity DNAConnect and at the year end no funds were held.

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HOPE 4 THE WORLD IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Page19