## **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 `