2024-03-31-accounts - Hope Family Trust

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Registered number 1157921

HOPE FAMILY TRUST

Final Accounts

For the period from 1 April 23 to 31 March 24

HOPE FAMILY TRUST Report and accounts Contents

	Page
Charity information	3
Trustees' report	4
Profit and loss account	5
Balance sheet	6
Notes to the accounts	7

HOPE FAMILY TRUST Charity Information

Trustees

Mr Sylvester Ighorue Mr Vincent Wood Mr KEREN-ODY ANUMBA Mr CHIOMA ONYEABOR

Accountants

Ultimate Accounting & Tax Solutions Chartered Accountant

27 Longbridge Road Barking Essex IG118TN

Registered office

Unit 1, Beaver Centre Selinas Lane DAGENHAM, Essex

Registered number 1157921

HOPE FAMILY TRUST Independent Examiner report to the members of Hope Family Trust

I have reviewed the financial information of Hope Family Trust which comprises the Income and Expenditure Account and Balance Sheet for the period from 01 April 2023 to 31 March 2024 from the accounting records and information and explanations you (Trustees) have given to me. You have approved the financial information for the year ended 3 1 March 2024 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 at rue and fair view. We have not verified the accuracy or completeness of th e accounting records or information and explanations you have given to me, and I do not, therefore, express any opinion on the financial information.

Shiva Pathi MAAT

16 Dec 2024

Hope Family Trust Income and expenditure Account for the Period ended 31 March 2024

Gross incoming resources Notes Grant and donations Total expenditure on charitable activities Excess Income over expenditure Governance costs Surplus/(Deficit) for the financial year	2024 £ 173,485 (22,786) 150,699 (122,174) 28,525	2023 £ 199,504 (22,453)
		177,051 (90,711)
		86,340

Hop• Famlfy Tru•t 8•lanc• Sh••t at 31 I4 h 2024 2024 2023 Non<urr•nt as•ets Plwl & M&hinwy VehKles FThluRs Ffftr)gs Ccrnputer Ewpment Total Plonts •rn U¢l•ti•d th•t Iho orynlz•tlon l• •ntirfod to ex•mptlon from th• r•ouitrywnont to obt•ln •n •udit. Morntwr• hav• r1 r•qulrod th• conboany to ob1•4n an aualt In accordanco 1 Iho S¢40 476 th• Act. Tho tru8toe• *eknO%•8• Ih•ir re8pon•lbllltl•• for cornplylng v•tth th• r•qulr•m•nt• •lth rn•p•et io aOn11n# racoid• •rbd th• prep41r?tlon ot •ccount•.

Hope Family Trust Notes to the Accounts

for the year ended 31 March 2024

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).

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.

2 Surplus/(Deficit) for the financial year At 1 April 2023 Surplus for the year At 31 March 2024	2024 £ 38,554 28,525

3. Tangible Assets

Plant & Machinery Fixtures & Fittings Motor Vehicles Computer Equipment Cost Balance as on 01-04-2023 7,081 15,062 16,380 3,390 Additions - 1,159 - 1,560 Disposals - - - - At 31 March 2024 7,081 16,221 16,380 4,950 Depreciation Accumulated Dep as on 01- 04-2024 4,985 3,012 10,745 678 Depreciation for the year 419 2641 1,127 854 At 31 March 2024 5,404 5,653 11,872 1,532 Net Book value As on 31 March 2024 1,677 10,568 4,508 3,418 As on 31 March 2023 2,096 12,050 5,635 2,712 4. Debtors 2024 2023 £ £ Other Debtors 5,460 5,460	Plant & Machinery Fixtures & Fittings Motor Vehicles Computer Equipment Cost Balance as on 01-04-2023 7,081 15,062 16,380 3,390 Additions - 1,159 - 1,560 Disposals - - - - At 31 March 2024 7,081 16,221 16,380 4,950 Depreciation Accumulated Dep as on 01- 04-2024 4,985 3,012 10,745 678 Depreciation for the year 419 2641 1,127 854 At 31 March 2024 5,404 5,653 11,872 1,532 Net Book value As on 31 March 2024 1,677 10,568 4,508 3,418 As on 31 March 2023 2,096 12,050 5,635 2,712 4. Debtors 2024 2023 £ £ Other Debtors 5,460 5,460	Plant & Machinery Fixtures & Fittings Motor Vehicles Computer Equipment Cost Balance as on 01-04-2023 7,081 15,062 16,380 3,390 Additions - 1,159 - 1,560 Disposals - - - - At 31 March 2024 7,081 16,221 16,380 4,950 Depreciation Accumulated Dep as on 01- 04-2024 4,985 3,012 10,745 678 Depreciation for the year 419 2641 1,127 854 At 31 March 2024 5,404 5,653 11,872 1,532 Net Book value As on 31 March 2024 1,677 10,568 4,508 3,418 As on 31 March 2023 2,096 12,050 5,635 2,712 4. Debtors 2024 2023 £ £ Other Debtors 5,460 5,460
		7,081 16,221 16,380 4,950 4,985 3,012 10,745 678 419 2641 1,127 854 5,404 5,653 11,872 1,532 1,677 10,568 4,508 3,418

		2,096 12,050 5,635 2,712
		2024 2023 £ £ 5,460 5,460

5. Unrestricted funds

Unrestricted funds £21,600 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.

6. Restricted funds

Restricted funds £151,885 are those funds which are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Hope Family Trust

Detailed income and expenditure account for the year ended 31 March 2024

Note Donations Donations 4,5 Grants Costs incurred for charity activities Purchases Other direct costs Administrative expenses Wages and Salaries Pensions Governance costs Employee costs: Travel and subsistence Staff training and welfare Entertaining Premises costs: Rent Rates Light and heat Cleaning Use of home Insurance Repairs and maintenance General administrative expenses: Stationery and printing Telephone and fax Internet Postage Information and publications Subscriptions Software Donations given Sundry expenses Depreciation Motor expenses Hire of buildings Legal and professional costs: Advertising and PR Accountancy fees Consultancy fees Other legal and professional Total Expenses Net Surplus	Unrestricted Funds £ 151,885 151,885 13,663 9,123 22,786 37,772 757 38,529 1,379 500 0 1,879 56,319 23 6,324 3,140 0 1,938 1,880 69,624 0 1,578 360 25 0 474 618 0 0 5,042 2,883 0 10,980 112 1,050 0 0 1,162 6,925	Unrestricted Funds £ 151,885 151,885 13,663 9,123 22,786 37,772 757 38,529 1,379 500 0 1,879 56,319 23 6,324 3,140 0 1,938 1,880 69,624 0 1,578 360 25 0 474 618 0 0 5,042 2,883 0 10,980 112 1,050 0 0 1,162 6,925	Unrestricted Funds £ 151,885 151,885 13,663 9,123 22,786 37,772 757 38,529 1,379 500 0 1,879 56,319 23 6,324 3,140 0 1,938 1,880 69,624 0 1,578 360 25 0 474 618 0 0 5,042 2,883 0 10,980 112 1,050 0 0 1,162 6,925			Restricted Funds £ 21,600 21,600 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 21,600	Total 2024 £ 151,885 21,600 173,485 13,663 9,123 22,786 37,772 757 38,529 1,379 500 0 1,879 56,319 23 6,324 3,140 0 1,938 1,881 69,625 0 1,578 360 25 0 474 618 0 0 5,042 2883 0 10,980 112 1,050 0 0 1,162 28,525	Total 2023 £ 76,129 123,375 199,504 17,666 4,787 22,453 30,456 31,018 1,452 3,600 0 5,052 17,700 0 4,066 3,020 0 1,074 11,873 37,733 2,049 734 525 77 562 463 1,027 538 148 5,623 2,970 0 14,716 439 900 400 453 2,192 113,164 86,340








			1,162
			6,925