Registered number 1157921 ## **HOPE FAMILY TRUST** Final Accounts For the period from 1 April 23 to 31 March 24 1 ## **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| 2 ## **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 3 ## **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 4 ## **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| 5 Hop• Famlfy Tru•t 8•lanc• Sh••t at 31 I￿4￿ h 2024 2024 2023 Nonts •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• r￿1 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 a￿O￿n11n# 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| |---|---| 7 ## **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. 8 ## **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**| |---|---|---|---|---|---|---|---|---| ||||||
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||| ||||**1,162**|||||| ||||
**6,925**|||
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