RAYS OF HOPE
Annual Report and Accounts
The year ended on 28[th] February 2021
18/12/2021
RESGISTERED CHARITY NUMBER 1160443
COMPANY NUMBER 08665693
ANNUAL REPORT AND ACCOUNTS
CONTENTS:
| Page | |
|---|---|
| Statement of Trustees’ Responsibili�es | 3 |
| Accountants’ Report | 4 |
| Statement of Financial Ac�vi�es | 5 |
| Balance Sheet | 6 |
| The notes forming part of the fnancial statements | 7-8 |
| Independent Examiner’s Report | 9-10 |
2
srATEMEKf OF TRUSTEES, RESPONSIBILMES The trustees of Rays of Hope are responsible for preparing the report and accounts In accordance with applicable law and regulations. Charities Acts require the trustees to prepare a financial statement that gives a true and fair view of the organization's financial acbvities during the year and its financlal position at the end of each financial year. Under Charities Acts. the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the State of affairs of the company for that period. In preparin8 these accounts, the trustees are required to: select sultable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP IFRS 1021; make a jud8ement and estimates that are reasonable and prudent: State whether applicable UK accountin8 Standards have been followed, subject to any material departures dlsclosed and explained In the Financial Statements: and Prepare the accounts on the golng concern basls unless It 15 Inapproprlate to presume that the company will continue in business. The trustee5 are responslble for keeplng adequate accountin8 records that are sufficient to show and explaln the companrfs transactions and disclose with reasonable accuracy at any time the financlal position of the charty and enable them to ensure that the accounts comply with the Charitie5 Acts 2011. They are also responsible for safeguarding the assets of the company and hence for taklng reasonable steps for the prevention and detection of fraud and other Irregularities. Signed on behalf of the trustees: ChaSrman & Projeci Dlrector Flnanclal Dlrertor 18.11.1011 Anas Al-korj Hedayatullah Wallzada
18 December 2021
ACCOUNTANTS’ REPORT
engagement and in order to assist you to fulfil your du�es under the Chari�es Acts that relate to preparing the financial statements of the company for the period ended 28[th] February 2021.
explana�ons provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your du�es under the prevailing Companies Acts to ensure that the company keeps adequate accoun�ng records and prepares financial statements that give “a true and fair view”.
You have determined that the charity is exempt from the statutory requirement for an audit for this accoun�ng period. Therefore, the financial statements are unaudited.
men�oned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Easy Tax & Accoun�ng Ltd
173 Broadlands Road, Southampton SO17 3AQ
Idris Pheroze BSc Accoun�ng CIMA Advanced Diploma MA MICB 18/12/2021
4
Rays of Hope
Income and Expenditure Account for year ended on 28 Feb. 2021
| Note s |
Total Funds 2021 Total Funds 2020 |
|---|---|
| £ £ |
|
| INCOMING RESOURCES: | |
| Voluntary Grants | |
| Voluntary/ Dona�ons | 81,365.00 32,734.73 |
| ACTIVITIES FOR GENERATING FUNDS: | |
| Investment Income | |
| Other Ac�vi�es | |
| Total Incoming Resources | 81,365.00 32,734.73 |
| RESOURCES EXPENDED: COST FOR GENERATING FUNDS: |
|
| Charitable Expenses | 85,132.00 33,961.75 |
| Governance Costs | |
| Bank Charges | |
| TOTAL RESOURCES EXPENDED: |
85,132.00 33,961.75 |
| Net Surplus/defcit for the year |
(3,767) (1,227.02) |
| Opening Funds | 7075.39 8,302.01 |
| - | |
| CLOSING FUNDS: | 3,308.39 7,075.39 |
5
| BALANCE SHEET AS AT 28 Feb 2021 | BALANCE SHEET AS AT 28 Feb 2021 | |
|---|---|---|
| STATEMENT OF FINANCIAL POSITION Rays of Hope AS AT 28 February 2021 |
||
| FIXED ASSETS Land Building Vehicles & Equipment Total Assets CURRENT ASSETS Debtors Prepayments Cash at Bank &in hand Total Current Assets CURRENT LIABILITIES Overdra� Net Assists FINANCED BY Restricted Funds Unrestricted Funds Total |
2021 2020 Notes £ £ - - - - - - - - - |
|
| - - - |
||
| - - - - - - - 3383.68 7,075.39 |
||
| - 3383.68 7,075.39 |
||
| - 3383.68 7,075.39 |
||
| - 3383.68 7,075.39 |
||
| - 3383.68 7,075.39 |
6
NOTES FORMING PART OF THE FINANCIAL STATEMENTS :
ACCOUNTING POLICIES
- a) the excep�on of investment, which are valued at the prevailing market prices. The financial statements have been prepared in accordance with the statement of Recommended Prac�ce-Accoun�ng and repor�ng by the chari�es (SORP2005) issued in March 2005, applicable in the prepara�ons of the financial statements are set out below.
INCOME RESOURCES
-
b) Voluntary income includes dona�ons, gi�s, legacies and grants that provide core funding or are of general nature are recognised where there is an en�tlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when:
-
c) periods, or
-
d) The Donor has imposed condi�ons, which must be met before the charity has uncondi�onal en�tlement.
-
e) Income from commercial trading ac�vi�es is recognised as earned as the related goods and services are provided
-
f) Investment income is recognised on a receivable basis
-
g) Income from charitable ac�vi�es include income received under contact or where en�tlement to grant funding is subject to specific performance condi�ons is recognised as earned (as the related goods or services are provided). Grant income includes in the category provided funding to support performance ac�vi�es and is recognised where there is an en�tlement, certainly of receipts and the amount can be measured with sufficient reliability.
-
h) Income is deferred when admission fees or performance related grants are received in advance of the performances or event to which they relate.
RESOURCES EXPENDED
Expenditure is recognised when a liability is incurred. Contractual agreements and performance related grants are recognised as goods or services are supplied. Other grants payments are recognised when a construc�ve obliga�on arises that result in the payment being unavoidable.
-
The cost of genera�ng funds is those costs incurred in a�rac�ng voluntary income, and those incurred in trading ac�vi�es that raise funds
-
Charitable ac�vi�es including expenditure associated with the ac�vi�es are included the direct costs and support costs rela�ng to these ac�vi�es
-
Governance costs include those incurred in the governance of the charity and its assets and primarily associated with cons�tu�onal and statutory requirements.
-
i) Restricted funds: Restricted funds are to be used for specified purposes as laid down by the founder. Direct and support expenditure, which meets these criteria, is defined to the fund together with a fair alloca�on of other costs
7
-
j) Unrestricted funds Unrestricted funds are funds received which have no restric�ons placed in their use and are available as general funds.
-
k) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due.
8
Independent Examiner’s Report to the Trustees of the Rays of Hope
-
Report to the trustees of Rays of Hope On accounts for the year 28[th] February 2021 Charity no 1160443 ended 28[th] February 2018 Respec�ve responsibili�es of The charity's trustees are responsible for the prepara�on of the accounts. The trustees and examiner charity’s trustees consider that an audit is not required for this year under sec�on 144 of the Chari�es Act 2011 (the Chari�es Act) and that an independent examina�on is needed. It is my responsibility to: ● examine the accounts under sec�on 145 of the Chari�es Act, ● to follow the procedures laid down in the general Direc�ons given by the Charity Commission (under sec�on 145(5)(b) of the Chari�es Act, and
-
● to state whether par�cular ma�ers have come to my a�en�on.
-
Basis of independent My examina�on was carried out in accordance with general Direc�ons given by examiner’s statement the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the charity and a comparison of the accounts presented with those records. It also includes considera�on of any unusual items or disclosures in the accounts, and seeking explana�ons from the trustees concerning any such ma�ers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those ma�ers set out in the statement below.
-
Independent examiner's In connec�on with my examina�on, no ma�er has come to my a�en�on; statement 1. which gives me reasonable cause to believe that in, any material respect, the requirements:
-
● to keep accoun�ng records in accordance with sec�on 130 of the Chari�es Act; and
-
● to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng requirements of the Chari�es Act have not been met; or
-
- to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Address: |
18 December 2021 | |
|---|---|---|
| Idris Pheroze BSc Accoun�ng CIMA Advanced Diploma MA MICB |
||
| Easy Tax & Accoun�ng Ltd, 173 Broadlands Road, Southampton SO17 3AQ |
9
Trustees’ Annual Report for the period
From 1 st March 2020 Period start date to 28th February 2021 Period end date Charity name: Rays of Hope Charity registration number:1160443 Limited company by guarantee: Company Reg. No. 08665693
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Activities and projects which help in the prevention or relief of poverty and suffering anywhere in the whole world by providing grants, items and goods, services to people or other organizations who share our aims, empowerment through education, empowerment through training, healthcare projects and support and empower people to be self-sufficient. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Main 3 activities that took place in the year: 1. Food parcels for orphans and refugees 2. Literacy and educational classes for refugees 3. Orphanage to shelter orphan refugees |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit |
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In this financial year, the trustees raised £81364.90 from donors in the UK only and we spent this year £85131.69 on various projects (in Turkey only) in the above period as summarised below: Food parcels were provided to the destitute, needy and the Syrian refugees in Turkey. Literacy and educational classes, focussed on reading skills to improve self esteem and employability, were provided to many classes of Syrian refugee children in Turkey. Providing shelter for orphans and vulnerable Syrian refugee widows (women) in Turkey |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Yes |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | None n/a |
| Amount of reserves held | Para 1.22 | None n/a |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | None n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Structure, Governance and Management
| Description of charity’s trusts: |
Limited company by guarantee and registered as charity in England and Wales |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | memorandum and articles incorporated 28 Aug 2013 as amended by special resolution registered at companies house on 04/02/2015 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Articles of association & memorandum |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | They are appointed by appointment via process as per advise of the charity commission. |
Reference and Administrative details
| Reference and Administrative details | |
|---|---|
| Charity name | Rays of Hope |
| Other name the charity uses (working name) | Rays of Hope Trust |
| Registered charity number | 1160443 |
| Charity’s principal address | 162 Northam Road, Southampton, SO14 0QF, UK |
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year |
|---|---|---|---|
| Anas Al-korj | Chair & Projects Manager | ||
| Hedayatullah Walizada | Financial Manager | ||
| Mahmood Kabbashi | Compliance Manager |
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity None nla Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian chari Details of arrangements for safe custody and segregation of such a83ets from the charrvs own assets None nla None nla Declaratlons The trustO08 d•clare that they have approved the trustees. report al>ov•. Slgn•d on bohalf of tho charlty's truste Slgnaturo{s) Full namo{8) Posltlon {09 Secretary. Chalr, et¢) Anas Al-kori I1r) Dlrector and Trusts8 Dats 1811212021 81gnaturg(s) Full name(s) Posltlon (eg Secretary. Chalr, etc) Hedyatullah Wallzada (secretary) Director and Tnjstee Date 1811212021