## **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
- 2. 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