HOPE FAMILY TRUST Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5 |
HOPE FAMILY TRUST Charity Information
Trustees
Mr Sylvester Ighorue Mrs Chioma Onyeabor Mrs Keren-Ody Anumba Ms Linda Needham Vincent Wood
Accountants
Ultimate Accounting & Tax Solutions Chartered Certified Accountants 27 Longbridge Road Barking Essex IG11 8TN
Registered office
Hope Family Trust Unit 1, Beaver Centre Selinas Lane RM8 1QH
Registered number 1157921
1
HOPE FAMILY TRUST Registered number: 1157921 Trustee's' Report
The trusteess present their report and accounts for the year ended 31 March 2022.
Principal activities
The company's principal activity of the company continued to do the charitable works mainly focused on social activities.
Trustees
The following persons served as trustees during the year:
Mr Sylvester Ighorue Mrs Chioma Onyeabor Mrs Keren-Ody Anumba Ms Linda Needham Vincent Wood
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 14 January 2023 and signed on its behalf.
Mrs Chioma Onyeabor Trustee
Mrs Keren-Ody Anumba Trustee
2
HOPE FAMILY TRUST Income and expenditure Account for the year ended 31 March 2022
| Notes Gross incoming resources Grant and donations Total expenditure on charitable activities Excess Income over expenditure Governance costs Surplus for the financial year 2 |
2022 £ 71,110 (30,370) 40,740 (72,285) (31,545) |
2021 £ 152,254 (29,045) 123,209 (81,097) 42,112 |
|---|---|---|
3
HOPE FAMILY TRUST Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Reserves Unrestricted Funds 6 Restricted Funds Members' Funds |
2022 £ 9,664 5,208 22,840 28,048 (1,500) 26,548 36,212 (6,381) 42,593 36,212 |
2021 £ 11,025 - 59,729 59,729 (2,997) 56,732 67,757 67,757 67,757 |
|---|---|---|
Mrs Keren-Ody Anumba Treasurer Approved by the board on 14 January 2023
Mrs Chioma Onyeabor
Trustee Approved by the board on 14 January 2023
4
HOPE FAMILY TRUST Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Company Limited by guarantee
The company is limited by guarantee and hence does not have share capital.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their
Plant and machinery 20% straight line Motor vehicles 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
| 2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 |
machinery £ 6,026 1,055 7,081 |
2022 £ 1,682 vehicles £ 16,380 - 16,380 |
2021 £ 3,110 Total £ 22,406 1,055 23,461 |
|---|---|---|---|
Depreciation
5
HOPE FAMILY TRUST Notes to the Accounts for the year ended 31 March 2022
| At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors 6 Income and expenditure account At 1 April 2021 Surplus for the year At 31 March 2022 Unrestricted Funds Restricted Funds |
3,806 655 4,461 2,620 2,220 |
7,575 1,761 9,336 7,044 8,805 2022 £ 5,208 2022 £ 472 1,028 1,500 2022 £ 67,757 (31,545) 36,212 (6,381) 42,593 36,212 |
11,381 2,416 13,797 9,664 11,025 2021 £ - 2021 £ 2,997 - 2,997 |
|---|---|---|---|
6
HOPE FAMILY TRUST Detailed income and expenditure account for the year ended 31 March 2022
| Donations Expenditure on charity activities Excess Income over expenditures Governance cost Surplus for the financial year |
2022 £ 71,110 (30,370) 40,740 (72,285) (31,545) |
2021 £ 152,254 (29,045) 123,209 (81,097) 42,112 |
|---|---|---|
7
HOPE FAMILY TRUST Detailed income and expenditure account for the year ended 31 March 2022
| Donations Unrestricted Funds Restricted Funds Costs incurred for charity activities Other direct costs Governance costs Employee costs: Wages and salaries Directors' salaries Pensions Employer's NI Travel and subsistence Motor expenses Premises costs: Rent Service charges Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees Consultancy fees Advertising and PR Other legal and professional |
2022 £ 71,110 - 71,110 30,370 18,449 - 351 - 560 5,867 25,227 35,699 - 325 - 36,024 655 135 304 - 55 1,113 - 2,416 4,678 696 1,550 110 4,000 6,356 72,285 |
2021 £ 94,275 57,979 152,254 29,045 - 16,316 396 1,529 32 1,163 19,436 46,667 620 3,900 1,523 52,710 511 1,269 75 66 - 2,609 315 2,756 7,601 685 - 95 570 1,350 81,097 |
|---|---|---|
8
HOPE FAMILY TRUST Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5 |
HOPE FAMILY TRUST Charity Information
Trustees
Mr Sylvester Ighorue Mrs Chioma Onyeabor Mrs Keren-Ody Anumba Ms Linda Needham Vincent Wood
Accountants
Ultimate Accounting & Tax Solutions Chartered Certified Accountants 27 Longbridge Road Barking Essex IG11 8TN
Registered office
Hope Family Trust Unit 1, Beaver Centre Selinas Lane RM8 1QH
Registered number 1157921
1
HOPE FAMILY TRUST Registered number: 1157921 Trustee's' Report
The trusteess present their report and accounts for the year ended 31 March 2022.
Principal activities
The company's principal activity of the company continued to do the charitable works mainly focused on social activities.
Trustees
The following persons served as trustees during the year:
Mr Sylvester Ighorue Mrs Chioma Onyeabor Mrs Keren-Ody Anumba Ms Linda Needham Vincent Wood
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 14 January 2023 and signed on its behalf.
Mrs Chioma Onyeabor Trustee
Mrs Keren-Ody Anumba Trustee
2
HOPE FAMILY TRUST Income and expenditure Account for the year ended 31 March 2022
| Notes Gross incoming resources Grant and donations Total expenditure on charitable activities Excess Income over expenditure Governance costs Surplus for the financial year 2 |
2022 £ 71,110 (30,370) 40,740 (72,285) (31,545) |
2021 £ 152,254 (29,045) 123,209 (81,097) 42,112 |
|---|---|---|
3
HOPE FAMILY TRUST Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Reserves Unrestricted Funds 6 Restricted Funds Members' Funds |
2022 £ 9,664 5,208 22,840 28,048 (1,500) 26,548 36,212 (6,381) 42,593 36,212 |
2021 £ 11,025 - 59,729 59,729 (2,997) 56,732 67,757 67,757 67,757 |
|---|---|---|
Mrs Keren-Ody Anumba Treasurer Approved by the board on 14 January 2023
Mrs Chioma Onyeabor
Trustee Approved by the board on 14 January 2023
4
HOPE FAMILY TRUST Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Company Limited by guarantee
The company is limited by guarantee and hence does not have share capital.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their
Plant and machinery 20% straight line Motor vehicles 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
| 2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Cost At 1 April 2021 Additions At 31 March 2022 |
machinery £ 6,026 1,055 7,081 |
2022 £ 1,682 vehicles £ 16,380 - 16,380 |
2021 £ 3,110 Total £ 22,406 1,055 23,461 |
|---|---|---|---|
Depreciation
5
HOPE FAMILY TRUST Notes to the Accounts for the year ended 31 March 2022
| At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors 6 Income and expenditure account At 1 April 2021 Surplus for the year At 31 March 2022 Unrestricted Funds Restricted Funds |
3,806 655 4,461 2,620 2,220 |
7,575 1,761 9,336 7,044 8,805 2022 £ 5,208 2022 £ 472 1,028 1,500 2022 £ 67,757 (31,545) 36,212 (6,381) 42,593 36,212 |
11,381 2,416 13,797 9,664 11,025 2021 £ - 2021 £ 2,997 - 2,997 |
|---|---|---|---|
6
HOPE FAMILY TRUST Detailed income and expenditure account for the year ended 31 March 2022
| Donations Expenditure on charity activities Excess Income over expenditures Governance cost Surplus for the financial year |
2022 £ 71,110 (30,370) 40,740 (72,285) (31,545) |
2021 £ 152,254 (29,045) 123,209 (81,097) 42,112 |
|---|---|---|
7
HOPE FAMILY TRUST Detailed income and expenditure account for the year ended 31 March 2022
| Donations Unrestricted Funds Restricted Funds Costs incurred for charity activities Other direct costs Governance costs Employee costs: Wages and salaries Directors' salaries Pensions Employer's NI Travel and subsistence Motor expenses Premises costs: Rent Service charges Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees Consultancy fees Advertising and PR Other legal and professional |
2022 £ 71,110 - 71,110 30,370 18,449 - 351 - 560 5,867 25,227 35,699 - 325 - 36,024 655 135 304 - 55 1,113 - 2,416 4,678 696 1,550 110 4,000 6,356 72,285 |
2021 £ 94,275 57,979 152,254 29,045 - 16,316 396 1,529 32 1,163 19,436 46,667 620 3,900 1,523 52,710 511 1,269 75 66 - 2,609 315 2,756 7,601 685 - 95 570 1,350 81,097 |
|---|---|---|
8
Hope Family Trust Registration No: 1157921 Independent Examiner Report To the members of Hope Family Trust For the YE 31 March 2022
I have reviewed the financial information of which comprise the Income and Expenditure Account and Balance Sheet for the period from 01 April 2021 to 31 March 2022 from the accounting records and information and explanations you (Trustees) have given to me. You have approved the financial information for the year ended 31 March 20212 and have acknowledged your responsibility for it, for the appropriateness of the accounting basis and for providing all information and explanations necessary for its compilation.
Respective responsibilities of Trustee and Independent Examiner:
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are Responsible for the preparation of the accounts and for being satisfied that they give a true and fair view. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial information.
Dilip Halder Accountant 31/01/2023
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