Charity Registered number 1140824
HOPE
Unaudited Accounts
31 July 2024
HOPE
Report and accounts Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees' report | 2 -3 |
| Independent Examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 -9 |
HOPE
Charity Information
Charity Number 1140824 Business & Registered Adress Hope for Pakistan 232 Bredhurst Road Gillingham, Kent ME8 0RG Trustees Malik Zubair Noman Ahmed Osama Zubair Accountants Amstor Accountants Ltd 15 Leopold Street Birmingham B12 0UP
1
HOPE Trustees Report
The trustees present their report and accounts for the year ended 31 July 2024. The trustees who served during the year and up to the date of this report are set out on page 2.
Structure, governance and management.
The organization is a charitable entity and registered as a charity on 18 August 2013.
There are three trustees. There is a President, General Secretary and Treasurer.
Appointment of new trustees
A new trustee may be appointed for two years duration by a resolution of the Trustees Recorded in the minutes and signed by the new trustee.
Objectives and activities Objects
- Working to alleviate poverty and suffering by providing medical, financial and humanitarian assistance to the needy.
Objectives for this year
The main objectives for the year were to continue in accordance with the objectives and raise funds by collections and donations to enable achievement of aforementioned objectives.
Activities
The Charity’s activities were in line with the furtherance of its objectives, in particular funds were collected to continue with the furtherance of the poverty relief activities.
Future objectives
The Charity hopes to raise more funds to furtherance of its objectives.
Achievements and performance
The main achievements of the Charity during this year were to continue successfully with its main activities in the furtherance of its objectives.
The Charity managed to raise a good amount of money. There is no borrowing from the community or banks and there is a surplus .
2
HOPE Trustees Report
Financial review
The Charity had a good year in terms of donations collected from the members and the community.
The Charity has regular donors plus a few single donations. It is envisaged that this regular funding will continue for the foreseeable future.
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. In preparing these financial statements the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgments and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008, the charity’s governing document and the requirements of SORP. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Mr M Zubair Trustee
3
HOPE Independent Examiners' Report
Independent Examiners' Report to the Board of Directors on the unaudited accounts of HOPE
Examiner’s Report to the Trustees of HOPE.
I report on the accounts of the charity for the year ended 31 JULY 2024 which are set out on pages 05 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities. The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
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to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding
Amstor Accountants Ltd Accountants & Statutory Auditors
15 Leopold Street High Gate FK Birmingham Farhan Khatri FCCA B12 0UP
27 May 2025
4
HOPE
Statement of Financial Activities for the year ended 31 July 2024
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds All Funds | All Funds | |||
| Notes | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| Income Resources | |||||
| I) General Income | 1 | 59,575 | 0 | 59,575 | 71,441 |
| Total Incoming Resources | 59,575 | 0 | 59,575 | 71,441 | |
| Resources expended | |||||
| I) Donations | 50,898 | 50,898 | 56,101 | ||
| ii) other direct charitable expenditure | 2 | 247 | 0 | 247 | 336 |
| iii) Management & admin of Charity | 3 | 1,267 | 0 | 1,267 | 1,207 |
| Total resources expended | 52,412 | 0 | 52,412 | 57,644 | |
| Net Incoming Resources | 7,163 | 0 | 7,163 | 13,797 | |
| Net Movement in Funds | |||||
| Funds balance brought forward | |||||
| as at 1 August 2023 | 45,102 | 0 | 45,102 | 31,305 | |
| Funds balance carried forward as | |||||
| at 31 July 2024 | 52,265 | 0 | 52,265 | 45,102 |
5
HOPE
Balance Sheet as at 31 July 2024
| Notes Current assets Cash at bank and in hand 5 Liabilities: amounts falling due within one year 6 Net current assets Net assets Represented by: Net Incoming Resources Funds balance brought forward as at 1 August 2023 |
2024 £ 52,126 (660) 51,466 52,265 7,163 45,102 52,265 |
2023 £ 45,722 (620) 45,102 45,102 13,797 31,305 45,102 |
2023 £ 45,722 (620) 45,102 45,102 13,797 31,305 45,102 |
|---|---|---|---|
| 45,102 | |||
| 13,797 31,305 |
|||
| 45,102 |
Approved by the Board of Trustees on 21 May 2025 and signed on its behalf by
M Zubair
6
HOPE
Notes to the Accounts for the year ended 31 July 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding period.
1.1. General
The financial statements are prepared under the historical cost convention and in accordance with the applicable accounting standards and the statement of Recommended Practice on Accounting by Charities.
1.2. Going Concern
The accounts are prepared on a going concern basis. The charity is dependent on the support of the trustees for its continued existence.
1.3 Donations in Kind
Donations in kind are accounted for on the basis that where there is a liability to pay for goods or services required by the charity these are subsequently donated, then the values placed on those goods or services by the donors are incorporated into the accounts as donations in kind and the appropriate expense heading for the appropriate fund, duly charged.
1.4. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Office equipment and computers - 5 year straight line Fixtures, Fittings and Furniture - 15% Reducing Balance Motor Car - 25% Reducing Balance
1.5 Fund raising costs
The cost of raising finance are borne largely by the sponsors of events or given in kind. The costs of obtaining other funds are considered to be insignificant. Consequently fund raising costs are not shown in the accounts separately.
1.6 Resources expensed
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
1.7 Description and use of Funds
Restricted income funds are funds whose use is restricted to specific purposes to terms on which the funds were received. Unrestricted funds may be spent generally to carry out the principle activities of the charity. The trustees retain authority to reallocate such funds, so that they may be treated as designated funds whiten unrestricted income funds.
1.8 Foreign Currencies
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.
7
HOPE Notes to the Accounts
for the year ended 31 July 2024
| 1 Income Grants - Gift Aid Restricted Grants Other income Donations received Tuition fees |
2024 2023 8,516 7,692 - - - - 51,059 63,749 - - |
|---|---|
| 59,575 71,441 |
| 2 Other direct charitable expenditure Publicity and Dissemination Costs Research, Report, Development & Education Travel & Subsistance Wages and Salaries Bad Debts 3 Management & Administrative Expenditure Heat & light Rates Cleaning Travel Expense Repairs and maintenance Telephone Accountancy and auditing Bank interest paid Depreciation Printing, Stationary and Literature Room hire Bank Charges Sundry Expenses Office expense Food & Refreshments Advertising Subscriptions Equiment Hire Security expenses |
Unrestricted Funds Restricted Funds 2024 2023 £ £ £ £ - - - - 247 - 247 336 - - - - - - - - - - - - |
|---|---|
| 247 - 247 336 |
|
| Unrestricted Funds Restricted Funds 2024 2023 £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - 660 - 660 620 - - - - 200 - 200 220 - - - - - - - - 407 - 407 367 0 - 0 - - - 0 - - - - - - - - - 0 - 0 - 0 - 0 - - - - - |
|
| 1,267 - 1,267 1,207 |
4 Tangible fixed assets
| Cost At 1 August 2023 At 31 July 2024 Depreciation At 1 August 2023 Charge for the year At 31 July 2024 Net book value At 31 July 2024 At 31 July 2023 |
Office Equipment & computers £ - |
Furniture & fittings Motor Vehicles Total £ £ £ 1,100 - 1,100 |
|---|---|---|
| - | 2,099 - 2,099 |
|
| - - |
1,100 - 1,100 200 - 200 |
|
| - | 1,300 - 1,300 |
|
| - | 799 - 799 |
|
| - | - - - |
8
HOPE Notes to the Accounts for the year ended 31 July 2024
| 2024 | 2023 | ||
|---|---|---|---|
| 6 | Cash in hand and at bank | £ | £ |
| Cash at bank & in hand | 52,126 | 45,722 | |
| Bank-Reserve account | - | - | |
| Cash in hand | - | - | |
| 52,126 | 45,722 |
| 52,126 | 45,722 | ||
|---|---|---|---|
| 7 | Liabilities: amounts falling due within one year | ||
| Trade Creditors | - | - | |
| Other taxes and social security | - | - | |
| Other Creditors | (660) | (620) | |
| (660) | (620) |
5 Unrestricted Funds
| Unrestricted Funds | At 1 August 2023 Incoming Resources Outgoing Resources At 31 July 2024 £ £ £ £ 45,102 59,575 (52,412) 52,265 |
|---|---|
Purpose of Unrestricted Funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
9 Restricted Funds
| Restricted Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| At 1 August | Incoming | Outgoing | At 31 July | |||||
| 2023 | Resources | Resources | 2024 | |||||
| £ | £ | £ | £ | |||||
| Restricted Funds | - | - | - | - |
Purposes of restricted funds
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation ofthe management and support costs.
10 Taxation
Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
9
HOPE
Schedule to the Profit and Loss Account for the year ended 31 July 2024
for the information of the directors only
| HOPE Schedule to the Profit and Loss Account for the year ended 31 July 2024 for the information of the directors only |
||
|---|---|---|
| Sales Donations Tuition fees Other income Grants received Cost of sales Donations paid Research, Report, Development & Education Administrative expenses Employee costs: Accountancy and auditing Bank Charges Depreciation |
2024 £ 51,059 - - 8,516 59,575 50,898 247 51,145 660 407 200 1,267 52,412 |
2023 £ 63,749 7,692 |
| 71,441 | ||
| 56,101 336 |
||
| 56,437 | ||
| 620 367 220 |
||
| 1,207 | ||
| 57,644 |
10