Registered Number.. 07277438 England and Wales BEST HOPE Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 01 July 2022 End date: 30 June 2023 BEST HOPE Contents Page For the year ended 30 June 2023 Company information Directors, report Accountants, report Income statement Statement of financial position Notes to the financial statements Detailed income statement 10 BEST HOPE Company Information For the year ended 30 June 2023 Directors Augustus ONABANJO Christopher MILLICAN Nurudeen SALAMI Birgit SMITH Registered Number 07277438 Registered Office Charity Number 1151372 133 Spring Bank HULL Hu3 1BL BEST HOPE Directors, Report For the year ended 30 June 2023 Principal activities Principal activily of the company during the financial year was of charitable activities This report was approved by the board and signed on its behalf by= Birgit SMITH Director Date approved.. 07 August 2023 BEST HOPE Accountants, Report For the year ended 30 June 2023 Accountants report: You consider that the company is exempt from an audit for the year ended 30 June 2023. You have acknowledged, on the balance sheet, your responsibilities for complwng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Independent examiners statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met., or (21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. BEST HOPE Income Statement For the year ended 30 June 2023 Notes 2023 2022 Turnover 47,047 63,944 Gross profit 47,047 63,944 Administrative expenses (27,881) (50,439} Operating profit 13,505 Surplus on Ordinary Activities before Taxation 19,166 13,505 Tax on profit on ordinary activities Surplus for the Financial Year 19,166 13,505 BEST HOPE Statement of Financial Position As at 30 June 2023 Notes 2023 2022 Current assets Cash at bank and in hand 80,187 110,295 Creditors: amount falling due within one year 5 (23,461 } (6,569) Net current assets 56,726 103,726 Net Current Assets Creditors- amount falling due more than one year 23,586 (33,140) 103,726 103,726 Net assets (9.554) 103,726 Capital and reserves (Surplus for Financial Yearl (9,554) 103,726 Members. fund {9,554) For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies. 103.726 Directors, responsibilities: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006. The financial statements were approved by the board of directors on 07 August 2023 and were signed on its behalf by.. Birgit SMITH Director 07 August 2023 BEST HOPE Notes to the Financial Statements For the year ended 30 June 2023 General Information BEST HOPE is a private company, limited by guarantee, registered in England and Wales. registration number 07277438, registration address Charity Number 1151372. 133 Spring Bank, HULL, Hu3 1BL The presentation currency is £ sterling. 1. Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Tumover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. 2. Operating Surplus 2023 2022 The operating profit is stated after charging.. Depreciation of tangible fixed assets 3. Staff Costs 2023 2022 Wages and salaries 3,220 15,698 Average number of employees during the year Administration Number Number BEST HOPE Notes to the Financial Statements For the year ended 30 June 2023 Average number of employees Average number of employees during the year was 1. Creditors: amount falling due within one year 2023 2022 Other Creditors 23,461 6,569 6. Surplus for the Financial Year 2023 Balance at 01 July 2022 13,505 Balance at 30 June 2023 (9,554) 7. Company Limited by Guarantee The company is limited by guarantee and therefore has no shares. BEST HOPE Detailed Income Statement For the year ended 30 June 2023 2023 2022 Turnover 63,944 Voluntary Donations Project & Training Awards for All Food Project 6,138 11,644 10,000 19,265 Gross profit 47,047 63,944 Administrative expenses Wages & Salaries Accountancy Fees General Travel Expenses Depreciation Charge: Plant & Machinery General Insurance CHARITABLE ACTIVITIES 3,220 600 630 15,698 600 2.108 630 22,801 786 31,247 Operating profit Surplus on Ordinary Activities before Taxation Surplus for the Financial Year 19,166 13,505 19,f66 19,166 13,505 13,505