08913178 CHARITY REGISTERED NUMBER:1158626 NEW HOPE GLOBAL DIRECTORS, AND TRUSTEES, REPORT AND FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ABU & ABU CHARTERED CERTIFIED ACCOUNTANTS ABU NOWSHED CENTRE 71 WORDSWORTH ROAD SMALL HEATH, BIRMINGHAM BIO OED WEST MIDLANDS
NEW HOPE GLOBAL LEGAL AND ADMINISTIL4TIVE INFORMATION Company Number: 08913178 Registered Charity Number: 1158626 Chairm#h: Mohammed Foiz Uddin MBE MInstF Director5: Mohammed Foiz Uddin MBE MInstF Shahnaz Ahmed Minu Shahid Ahmed Khan Angela Heyden Trustees: Mohammed Foiz Uddtn MBE Shahid Ahmed Khan Shanaz Ahmed Minu Angela Heyden Asha Bcgum Harold Mututa Nigel Potter Registered OffI¢e: 2nd Floor (Above Birchfield Librdry) 3 Trinity Road Birrningham West Midlands B6 6AH Accountants: Abu & Abu Chartered Ccrtifi¢d Accountants Abu Nowshed Centrc 71 Wordsworth Road Small Hcath. Birmingham BIO OED West Midlands Bankers: TSB P.0. Box 1000 BX4 7SB
NEW HOPE GLOBAL FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Charity - Trnstees Report Tndependent Examinevs Report Schedule of funds io Notes 11-13
NEW HOPE GLOBAL DIRECTORS, AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees who are also directOTS of the Charity for the puoseS of the Companies Ac( submit their annual report and the unaudited financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charilies" issued in 2005 in preparing the annual report and financial statements of the charity. Governing document The charity is governed by its Memorandum and Articles of Association NEW HOPE GLOBAL ORGANISATIONAL STRUCTURE BOARD OF TRUSTEESIMANAGEMENT COMMITTEE New Hope Global is administered by a Board of Trustees consisting of up to seven members. The Board of Trnstees meets regularly to oversee the charity's activities, ensuring that its mission and goals are eificiently and effectively met through strdtegic guidaDce and governance. Trustees: Mohgmmed Foiz Uddin MBE, MlnstF- Chairnian 2. Shahid Ahmed Khan- Truslee Shahnaz Ahmed Minu - Trustee 4. Angela Heyden - Tntee 5. Asha Begutn - Trustee 6. Harold Mututa - Trustee 7. Nigel Potter - TTUStee Execlltive Committee: The operational activities of New Hope Global are managed by an Executive Coll]mittee comprising seven members. This com]nittee is responsible for the Strategic developm1 of vaTiOUS projects, planning. and fjnancial accountability, ensuring ¢ffective impl¢mentation and PToper managem¢nt of the charity's initiatives. This structure ensures that N¢w Hope Global maintaitis a robust governance frameworL promoting accountability, tr8nspaTency, and strategi oversight in all its charitable activities. The principal aim of New Hope Global is to empower the socially and economically disadvantaged BAME ommunities in Birniinghan] and its sutTounding areas. We strive to enhance the Capacity and skills of community rnembers, enabling them to better identify and meet their needs and to participate more fully in society. Our ultimate goal is to foster a self-sufficient and inclusive community where individuals can thrive and contribute positively to society. Page
NEW HOPE GLOBAL Objectives: Capacity Bulldlng gnd Skill Development.. To provide ITaining programme5, workshops. and support with educational programmes that enhance the skills and capabilities of the BAME communities. empowering them to &chieve personal and professional growth. 2. Poverty Alleviation: To irnplemenl initiatives aimed at relieving povety within the BAME communities by provÈdin8 financial assistance, employment support, and access lo essential resources. 3. Health and Well-befing= To promote health and well-being by offering Medical asststance, mental health suppor¢ and programs addressing sickness and disability among BAME individuals. 4. Social Inclusion and Participation- To create opportuntties for the BAME communities to engage more fully in social. cultural, and civic activities, fostering a sense of belonging and active participation in society. 5. Support Services: To provide a range of support service5. including legal advice. housing assistance. and language support, to help community membcrs navigate and access necessary services and opportunities. 6. Community Faellities: To develop and malntain community centres and facilities that offer a safe and supportive environment for social interaction, learning, and community activities. 7. Charitable Activities- To undertakc other charitable activities as deemed necessary by the organization, ensuring that all initiatives align witb our mission to support and uplift thc BAME commullilies in Birmingham and Surrounding areas. These objectives guide New Hope Global in its mission to create a more inclu5iv¢, empowered. and resilient BAME communities. cnsuring that all members have the opportUDity to improve their quality of life and achieve their full potential. New Hope Global Risk Policy Introduction The trustees of New Hope Global Tecognise the importance of identifying and managing the risks associafrd with the charity'5 strategic plans. business activities, andoperational processes. Effective riskmanagement ensures the charity's 5UStainability. enhances its ability to achieve its mission. and safeguards it5 assets, reputatioD, and siakeholders. Risk Managemellt Framework l. Risk Identificatlon The trustee5, along with the execlltiv¢ committee. will Tegularly identify potential risks that could impact the charity. These risks may be strategic, operational, financial. or compliance related. Risk identification will be an ongoing piocess. incorporating input from all levels of the organization. 2. Risk Assessment Once identified. risks will be assessed to deterniine their potential impact and likelihood. Thi5 assessment will help prioritis¢ risks based on their severity and the urgency of the required response. 3. Risk Mitigation Page
NEW HOPE GLOBAL The trustees confirm that systems have been established to rniligate identified risks. Mitigation strategies may include.. Implementing internal controls and procedures Developing contingency plans Ensuring adequate insurance coverage Conducting regular training for staff and volunteers Establishing robust financial management practices 4. Monitorlng and Reporting Regular reports on risk managernenl will be produced to keep the trustees infornied of the current risk staS and any changcs in the risk environment. These reports will be reviewed during trustee meetings to ensure ongoing oversight and timely action. S. Review and Improvement The risk management framework will be reviewed periodically to ensure its effectiveness. Feedback from the review process will be used to improve risk rnanag¢ment practices continually. Roles and Responsibilities Trustees Provide strategic oveTSight and governance of risk management. Rcview and approve risk management policies and procedures. Ensure that appropriate risk mitigation mcasures are in place. Executive Committee Implement the risk maDagement frameworE Regularly identify. assess, and mitigatc risks. Rcport on risk staths and management actions to the tNstees. All Staff and Volunteers Understand and comply with risk management policies and procedures. Report potential risks to the executive committee ptomptly. Participat¢ in training and d¢velopment activities Telated to risk management. Conclusion: By examilliDg the major strategic. business, and operational risks that New Hope Global faces and establishing robust systems for regular reporting and mitigation. the trnstees are committed to maintsinitig th¢ charity's resilience and effectivenes5 in achieving its rnission. This Risk Policy will be reviewed atmually to ensure it reiD5 relevant and effective in managing tbe risks associated with the charity's activities. Page
NEW HOPE GLOBAL New Hope Global Funders The restricted income for New Hope Global includes various grants received during the financial year ending 31 March 2024. The main donors are as follows.. Bimingham Voluntary Service Council (B VSC) Birmingham Can - Energy Redress, Birmingham Can - Brum Energy NeighbourhoodNetwork Schemes - Erding¢on NNS, LadywoodNNS & Perry BapT NNS Birmingham City Council Amal Foundation Shared Prosperity European Social Fund-xcite Programme Fye are Cycling UK, Sports England People's Healtk Truyl, QBE, Independent AGE, OakFoundation. Money Superntarket. Nalional Grid Wes£ Midlonds Police These generous contributions have significantly supported our efforts to empower and uplift the Bangladeshi community in Binningham and its SUTrouThding areas. We extend our heartfelt gratitude to all our funders for their invaluable support. New Hope Glob aims to continue making a significant positive impact on the Bangladeshi community in Binningham and its surrounding ar¢as. The ttustees committed to fostering an inclusive. empowere(( and resilient comnlunity. ensuring that all member5 have the oppottijnity to improve their quality of life and achieve their full potential. Trustee5' Responsibilities in Relation to the Financial Statements of New Hope Global The trustees. who are also directors of th¢ Charity for the PUTposes of Company law, are responsible for preparing the TTUStees' Annual R¢port and the financial statements in accordance with apph"cable law and United Kingdotn Ac¢ountlDg StandaTds (United Kingdom Generally Accepted Accounting Pwtice). Company law requires tbe trustees to prepare financial statements for each financial year that give a true and fair view of the stafr of affairs of the clwitable Company and of the iticomiDg resources and application of resources, including the income and expendibjre. of th¢ charitable conjpany for th¢ year. In preparitig these fllwicial statements, the trustees are required to: Select suitable accounting policies and apply them consistently. Observe th¢ methods and principles in the Charities SORP. Make judgtnents and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fllwicial statements. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page
NEW HOPE GLOBAL The ttwstees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the f]nancial ststements ¢omply with the Companies Act 2006. They aTe also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for th¢ prevention and detection of fraud and other irregularities. This report was approved by the board of directors and trnstees on 20 May 2024 and signed on its behalf. Mohgmmed Foiz Uddin MBE, MlnstF Trustee & Chairnian New Hope Global Pag¢ 5
NEW HOPE GLOBAL TO THE TRUSTEES OF NEW HOPE GLOBAL FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts which ar¢ set out on pages 6 to 12. Respective responsibilities of the Trustees and examiner The trustees who are also directors of the company for the purpose of company law are Tesponsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity ts not subject under company law and is eligible for independent examination, it is my Tesponsibility to.. Examine the accounts under section 145 of the 2011 Act. follow the procedures laid down in the general directions given by the Charity Commission (under section 145{5)(b) of the 2011 Act)" and State whether particular matters have come to my attention. Basis of independent eiaminer's report My examination was cattied out in accordance with the General Directions given by the CRwity Conunission. An examination includes a review of the accounting records kept by the 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 sceking explanations frotll you as trustees concerning any such matters. The procedures undcrtaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts prcsent a"le 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 Ittter has come to my attention: . whicb gives me reasonable cause to believe that. in any material respect. the requirements.. a. to keep accounttng records in accordance with section 386 of the Companies Act 2006. and b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods ar principles of the Siatement of Recommended Practice: Accounting and R¢porting by Charities 2. to which. in m Opinio attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated:20 May 2024 Abu & Abu Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath, Birniingham BEO OED. Page
COMPANY NUMBER: 08913178 NEW HOPE GLOBAL BALANCE SHEET AT 31 MARCH 2024 Note 24 2023 Tangfible fixed assets Tangible assets 4,466 6,030 Current assets Debtors Bank Accounts Cash Accounts 725 301 117,727 1.035 144,738 1,060 119.487 146,099 Creditors Amounts falling due within one year 33.128 27,097 Net current 25sets 86,359 119,002 Total assets less Current liabilities 90,825 125.032 Net assets £90,825 125.0322 Capital funds. Restrictcd funds UnTestricted funds 83,284 112.927 7.541 12.105 Total funds £ 90.825 £ 125.032 For the year ending 31 March 2024 the company was ¢ntitled to exemption from audit under section 477 of the Companies Act 2006. Directors, responsibilities: TILe m¢mbers have not required the company to obtain an audit of its accounts forthe year in qUtion Tn accordance with section 476. The directors acknowledge their responsibilities for complying with the requirem¢nts of the Act with respect to accounting records and the preparation of accounts. Page
COMPANY NUMBER: 08913178 NEW HOPE GLOBAL (Continued) BALANCE SHEET These financial statements have been prepared in accordance with the special provisions relating to the small company's regime within Part 15 of the Companies Act 2006). Approved by the trnstees. on 20 May 2024 and signed on its behalf. Mohammed Foiz Uddin MBE MInstF The annexed Thotes forni part of these financial statements. Page
NEW HOPE GLOBAL STATEMEwf OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED I MARCH 20 Rest'd Income Funds Total Funds 2024 Total Funds 2023 Unrest'd Funds Incoming resourees Incoming Resources from generated lld5'. Voluntary income 206.381 206,381 193,615 Total incoming Resourees 206,381 206,381 193,615 expended Cbaritsble activities 234.444 234,444 253,480 Governance costs 4,564 1,580 6.144 4,466 Total resources expended 4,564 236,024 240.588 257.946 Net movement in funds (4.564) (29.643) (34,207) (64.331) Total funds brought fonvard. £ 12,105 £112.927 £125.032 189,363 Total funds carrled forward £ 7.541 £ 83,284 £ 90.825 £125.032 Details of Incoming resources and Tesources uscd are given in the notes to the financial statem¢nts. Page 9
NEW HOPE GLOBAL STATEMENT OF FINANCIAL ACTIVITIES DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Unrestricted fund 3 - Opening Balance Accountancy Depreciation 12,105 (3,000) (1,564) 16,304 (2,016) (2.183) 7,541 12,105 Restricted Income Opening Balance Grants Received Cost5 of charitable activities otrice expenses 112.927 206,381 (234.444) (1,580) 173,059 193.615 (253.480) (267) 83.284 112.927 Total funds at 31 March 2024 £ 90,825 £125,032 Page 10
NEW HOPE GLOBAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section IA - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Cashflow statement The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement OTh the grounds that it is a small company. Incoming resources All incoming resources are included in the SOFA when the charity is legally entitled to ihe income and the amount can be quantified with reasonable accuracy. Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category, whcre costs cannot be directly attributed to headings. they have been allocated to activities on a basis consistent witb use of the resources. Turnover Turnover comprises the invoiced value of goods and services supplied by the company. Tangible fixed assets and depreciation Tangible f¢d assets are stated at cost Itss depreciation. Depreciation is provided at rdtes calculat¢d to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Land and buildings Plant and Machinery FiX¢S and Fittings 30/0 per annum of cost 250/0 per aDnum of cost 10 0/0 per annum of cost Grants received Grants related to capitsl expenditure on tangible assets are Credit to the profit and loss account at the same rate as the depreciation on the assets to which the grants relate. Turnover Turnover is attributable solely to continuing operations and derives from various grdnts. Stsff costs The average number of persons employed bythe company, including directors, during the year was as follows: 20¥ 2023 Administration 15 Pagell
NEW HOPE GLOBAL NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 'ble fixed assets Cost: Plant & Machinery Fiitures & Fittings Total On l April 2023 15,214 1,125 16,339 On 31 March 2024 15,214 1,125 16,339 reciation: OnlA ril 2023 9,859 450 10,309 Char e for the ear 1,339 225 1.564 On 31 March 2024 11,198 675 11,873 Net book value: On 31 March 2024 450 4,466 Oll 3 1 March 2023 5.355 675 6,030 Debtors and prepayments Amounts falling due Ivithin one year: 2024 2023 ACT recoverable 725 725 301 301 Creditors Amounts fallln due within one 2024 2023 Other ereditor5 1 PAYE & NIC 3,000 30.128 33,128 1.074 26,023 27.097 Incoming resources Voluntary Income Rest'd Illeome Funds 2024 Total Funds 2024 Total Funds 2023 Grants Received 206,38 I 206,38 I 206.381 206.381 193.615 193,615 Page 12
NEW HOPE GLOBAL NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2024 2023 Costs of charitable actiwties 234,444 253,480 Goveniance costs 2024 2024 2023 Accountancy Depreciation 3,000 1,564 2,016 2,183 4,564 4,199
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