## BEST HOPE CHARITY REGISTRATION NUMBER : 1151372 REGISTERED NUMBER :07277438 (England and Wales) ANNUAL RETURN FOR YEAR END 30[th ] of June 2024. |CONTENTS PAGE|| |---|---| |Legal and administrative information|3| |Report of the trustees|4-5| |Independent Examiner's report|6-7| |Statement of financial activities|8| |Balance sheet|9| |Notes to the financial statements|10-12| # Legal and administrative information ## **Trustees** Christopher Millican Nurudeen Salami Brigit Smith ## **Directors** Christopher Millican Augustus Onabanjo Brigit Smith ## Registered Address 133 spring Bank, Hull, HU3 IBL ## CHARITY REGISTRATION NUMBER : 1151372 COMPANIES HOUSE : 07277438 ## Independent Examiners Solomon Allistar (MAAT) 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M12 4AH ## Report of the Trustees for the Year Ended 30th June 2024 The Directors are pleased to present their report together with the financial statements of the charity for the year ended 30 June 2024. ## Objectives and Activities The objects of BEST HOPE is the relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment. the prevention of poverty, for the public benefit, in Yorkshire and the Humber by providing grants, items and services to individuals and/or charities, or other organist ions working to prevent or relieve poverty. to further or benefit the residents of Yorkshire and the Humber, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. in furtherance of these objects but not otherwise, the trustees shall have power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. ## Statement of Trustees' responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have: - Selected suitable accounting policies and applied them consistently. - Made judgments and estimates that are reasonable and prudent, - Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner ## Report of the Trustees for the Year Ended 30[th ] June 2024 We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 3 each confirm, so far as we are aware, that: - There is no relevant information of which the Charity's independent examiner are unaware; and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. ## Independent Examiner: The Charity's independent examiner, Solomon Allistar (MAAT) of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment. This report was approved by the Trustees on and signed on their behalf by: Brigit Smith Trustee Date of approval: 29/11/2024 30[th ] June 2024 ## Independent Examiner's Report I report on the financial statements of the charity for the year ended 30 June 2024.which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity'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 charity and the charity's Trustees as a body, for my examination work. ## Respective Responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts (under Section 145 of the Charities Act). - To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and - To state whether matters have come to my attention. ## Basis of Independent Examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view, and the report is limited to those matters set out in the statement below. Independent Examiner's 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: - eS to keep accounting records in accordance with section 130 of the Act; and e to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. SOLOMON ALLISTAR (MAAT) Dated:29/11/2024 ## Statement of financial activities for year ending 30[th ] June 2024. **==> picture [453 x 531] intentionally omitted <==** **----- Start of picture text -----**
Notes Unrestricted Restricted Total Funds Total Funds
2024 2024 2024 2023
Incoming Resources
Voluntary Donations 9 1,910.38 1,910.38 6,138
Training project 9 14„760.00 8,760.00 11,644
Food Project 9 19,674.00 19,674.00 19,265
Garfield Weston
10,000
Foundation /
Awards for All 10,000
Smith Sydne 3,350.00 3.350.00
Total Incoming Resources 39,694.38 10,000.00 49,694.38 47,047
Resources expended
Direct charitable expenditure 31,393.06 31,393.06 22,801
Salary 13,789.34 13,789.34 3,220
330.00 330.00 600
Accounting Fee
501.61 501.61 630
Travel
635.53 635.53
Compliance
1,644.67 1,644.67 630
Insurance
Total resources expended 47,964.21 48,294.21 27,881
Movement in total fund for the
year - Net Income/ (expenditure) 1,400.28 19,166
for the year.
Net Gain (Loss) on Investment 1,400.28 19,166
Fund Balance b/f 1,400.28
Fund Balance c/f 19,166.00 19,166.00
**----- End of picture text -----**
*€SS sopp Additional Value ## Balance sheet as of 30[th ] June 2024. ||Notes|2024||2023|| |---|---|---|---|---|---| ||||2024||2023| |FIXED ASSETS|||||| |Tangible assets|||0.00||0.00| |CURRENT ASSETS||330||19,961|| |Debtors||28,817||27,086|| |Cash at bank and in hand|||||| |||||23,461|| |CREDITORS amounts falling|||||| |due within one year|||||| |NET CURRENT ASSETS|||29,147||23,586| |TOTAL ASSETS LESS|||29,147||23,586| |CURRENT LIABILITES|||||| |CREDITORS amounts falling|||24,109||33,140| |due more than year|||||| |NET ASSETS|||5,038||(9,554)| |CAPITAL AND RESERVES|||||| |Surplus for the Financial|||5,038||(9,554)| |Year|||||| |Members' FUNDS|||5,038||(9,554)| ## Notes to the Financial Statement as at 30[th] June 2024 ## l . Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. - a) Basis of accounting The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective April 2008). - b) Incoming resources from generated funds Incoming resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions - c) Incoming resources; Interest receivable Interest is credited in the year in which it is received. ## d) Resources expended Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in activities that raise funds. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. ## Depreciation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed assets over their expected useful lives: No fixed assets to report ## e) Fund structure The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. The funds held by the charity are either: Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds earmarked by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment funds - these are funds that represent assets which must be held permanently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. ## f) VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. ## 2 Income resources Income comprises of public donations and grants ## 3 Employee information Average employees 5 ## 4 Net income resources This is stated after charging POST Depreciation 2024 2023 ## 5 Taxation The charity is exempt from corporation tax on its charity. 2 Tangible fixed assets Fixed Assets Total Cost: At 1 July 2023 Addition At 30 June 2024 Depreciation At 1 July 2023 Provision for year At 30 June 2024 NET BOOK VALUE 3 Debtors 2024 2023 Prepayment and loans 330 19,961 6 Creditors: amounts falling due more than one year 2024 2023 ££ Other Creditors 24,109 33,140 7 Creditors: amounts falling due within one year 2024 2023 Other Creditors 23,461