RAYS OF HOPE
Annual Report and Accounts
The year ended on 28[th] February 2022
27/12/2022
RESGISTERED CHARITY NUMBER 1160443
COMPANY NUMBER 08665693
ANNUAL REPORT AND ACCOUNTS
CONTENTS:
| Page | |
|---|---|
| Statement of Trustees’ Responsibilities | 3 |
| Accountants’ Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| The notes forming part of the financial statements | 7-8 |
| Independent Examiner’s Report | 9-10 |
2
STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees of Ray5 of Hope are responsible for preparing the report and accounts in accordance with applicable law and regulations. Charities Acts require the trustees to prepare financial Statement that gives a true and fair view of the organization's financial activities durin8 the year and its financial position at the end of each financial year. Under Charitie5 Arts, the trustees must not approve the account5 unle55 they are satisfied that they give a true and fair view of the state of affairs of the company for that period. In preparing these accounts, the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP IFRS 1021.. make a judgement and estimates that are reasonable and prudent; state whether applicable LIK accounting standards have been followed, subjert to anv material departures disclosed and explained in the Financial Statements.. and Prepare the accounts on the going concern basis unless it Is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CoMpanS transattions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Acts 2011. They are also responsible for safeguarding the a55ets of the company and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularitie5. Signed on behalf of the trustees: Chairman & Projects Dirertor Financial Director LL4 H Wd-LiL4iJ4 I s+eL Tr/,.l ety-
ACCOUNTANTS. REPORT These financial statements of Rays of Hope have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Charities Acts that relate to preparing the financial statements of the company for the period ended 28, February 2022. We have prepared these financial statements based on the accounting records. information and explanations provided by you. We do not express any opinion on the financial statements. On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that 8ive "a true and fair view~. You have determined that the charity is exempt from the statutory requirement for an audit for this accounting period. Therefore. the financial 5tatement5 are unaudited. The financial statements are provided exclusively to the trustees for the limited purpose mentioned 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 & Accounting Lt 173 Broadlands Road, Southampton 5017 3AQ Idris Pheroze 8Sc A¢counting CIMA Advanced Diploma MA MICB 2711212022
Ray of Hope
Income and Expenditure Account for year ended on 28 Feb 2022
| Notes | Total Funds 2022 Total Funds 2021 £ £ |
Total Funds 2022 Total Funds 2021 £ £ |
Total Funds 2022 Total Funds 2021 £ £ |
|---|---|---|---|
| INCOMING RESOURCES: | |||
| Voluntary Grants | - 118,187.82 81,365.00 |
||
| Voluntary/ Donations | |||
| ACTIVITIES FOR GENERATING FUNDS: | |||
| Investment Income | |||
| Other Activities | 118,187.82 81,365.00 |
||
| Total IncomingResources | |||
| RESOURCES EXPENDED: | |||
| COST FOR GENERATING FUNDS: |
|||
| Charitable Expenses | 100,848.39 85,132.00 100,848.39 85,132.00 |
||
| Governance Costs | |||
| Bank Charges | |||
| TOTAL RESOURCES EXPENDED: |
|||
| Net Surplus/deficit for the year |
17,339.43 (3,767) 3,383.68 7,075.39 |
||
| Opening Funds | |||
| - | |||
| CLOSING FUNDS: | 20,723.11 3,383.39 |
5
| BALANCE SHEET AS AT 28 Feb 2022 | BALANCE SHEET AS AT 28 Feb 2022 | |
|---|---|---|
| STATEMENT OF FINANCIAL POSITION | ||
| Ray of Hope | ||
| AS | AT 28 February2022 | |
| 2022 | 2021 | |
| Notes £ |
£ | |
| FIXED ASSETS | ||
| Land | - - |
- |
| Building | - - |
- |
| Vehicles & Equipment | - - |
- |
| Total Assets | - - |
- |
| CURRENT ASSETS | ||
| Debtors | - - |
- |
| Prepayments | - - |
- |
| Cash at Bank &in hand | - 20723.11 |
3,383.68 |
| Total Current Assets | - 20723.11 |
3,383.68 |
| CURRENT LIABILITIES | ||
| Overdraft | ||
| Net Assets | - 20723.11 |
3,383.68 |
| FINANCED BY | ||
| Restricted Funds | ||
| Unrestricted Funds | - 20723.11 |
3,383.68 |
| Total | - 20723.11 |
3,383.68 |
6
NOTES FORMING PART OF THE FINANCIAL STATEMENTS :
ACCOUNTING POLICIES
- a) The financial statements have been prepared under the historical cost convention, with the exception of investment, which are valued at the prevailing market prices. The financial statements have been prepared in accordance with the statement of Recommended Practice-Accounting and reporting by the charities (SORP2005) issued in March 2005, applicable in the preparations of the financial statements are set out below.
INCOME RESOURCES
-
b) Voluntary income includes donations, gifts, legacies and grants that provide core funding or are of general nature are recognised where there is an entitlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when:
-
c) The Donor specified that the grant or donation must only be used in future accounting periods, or
-
d) The Donor has imposed conditions, which must be met before the charity has unconditional entitlement.
-
e) Income from commercial trading activities 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 activities include income received under contact or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income includes in the category provided funding to support performance activities and is recognised where there is an entitlement, 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 constructive obligation arises that result in the payment being unavoidable.
-
The cost of generating funds is those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds
-
Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities
7
-
Governance costs include those incurred in the governance of the charity and its assets and the primarily associated with constitutional 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 allocation of other costs
- j) Unrestricted funds
Unrestricted funds are funds received which no restrictions 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
Inde ndent Examiner's Re ort to the Trustees of the Ra sofHo Report to the tru51ees of Rays of Hope On accounts for the year ended 28 February 2022 28 February 2022 Charity no 1161W3 Respective respon5ibilitie5 ¢f The charity's trustees are responsible for the prepar8tion of the accounts. The trustees and examiner Charitws trustees consider that an audit is not required for this year under sertion 144 of the Charities Act 2011 (the Charities Act) and thal an independent examination is needed. It is my responsibility to.. examine the account5 undei section 145 01 the Charities Act, to follow the procedures laid down in the general Difections given by the Charity Commission (under section 1451511bl of the Charities Aa, and to state whether partirular matters have come to my attention. Basis independent My examination was carried oul in accordance with general Directions given by examlnerfs statement the Charity Commission. An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts presented wrth those records. It also includes consideration of any unusual items or disclosures in ihe accounis. and seeking explanations from the trustees concerning any such matter5. The procedures undertaken do not provide all the evidence ihal would be required in an audit. and consequenily no opinion is given a5 to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the 5talement below. Independent Statement examiner's In connection with my examination. no matter has come to my attention; which give5 me reasonable cause to believe that in, any material respect, the requirements.. to keep accountin8 recofds in accordance with Section 130 of the Charities Art; and to prepare accounts which accord with ihe accounting records and comply with the accounting requirements of the Chafities Act have not been met," or 2. to which, in my opinion. attention should be drawn in older to enable a proper understanding of the accounts to be reached. Signed: Dale= 27 December 2022 Idris Pheioze Bsc Accounting CIMA Advanced Diploma MA MICB Name: Address: Easy Tax & Accounting Ltd. 173 Broadlands Road. Southampton $017 3AQ
Trustees’ Annual Report for the period
From 1[st] March 2021 Period start date to 28[th] February 2022 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 activities that took place this year are: • Food parcels for orphans and refugees in Turkey • Literacy and educational classes for refugees in Turkey • Orphanage to shelter orphan refugees in Turkey and proving carpet for educational centre • Qurbani meat distribution to poor people in Senegal • Raised Covid-19 awareness in the UK |
| 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 a total of £118187.82 from donors in the UK only and the charity spent this year £100848.39 on various projects. We delivered in our projects with 3 partners: Partner I:The biggest work was on literacy provision (Reading and Writing) for refugees in Turkey. The charity spent £50,883 (£50k) with this partner on four priorities in the above- mentioned period as summarised below: 1. Food parcels were provided to the destitute, needy and the Syrian refugees in Turkey. 16% ofthe £50k was spent on FoodParcels |
where 840 people benefited (840 people in 159 families in Turkey). 2. Literacy and Educational Classes, focussed on reading and writing skills to improve selfesteem, support their mental well-being and improve their employability, were provided to many children of Syrian refugee children in Turkey . 76% of the £50k was focussed on literacy and education for 1229 pupils benefited (466 boys and 763 girls). 3. Providing shelter for orphans and vulnerable Syrian refugee widows (women) in Turkey. 4% of the £50k was used on sheltering 22 orphans and widows (4 male orphans and 12 female orphans and 6 widows). All in Turkey. 4. 3% of the £50k was spent on “buying and fitting carpet” in Ayoob Knt Children Centre in Sanliurfa (Turkey) where 477 children who use the centre benefited from warmer classrooms. Partner II: We sent £14285 to purchase 27 cows and 1 goat in Senegal in Eid-ul-Adha season. The total number of people benefited was 2104 people (living within 207 families in 4 different areas in Senegal). Many of them orphans or single mothers who eat meat on this occasion of Eid. Partner III: We supported 70 Syrian orphans via this partner in Istanbul by providing monthly food parcels (worth £15 a month per orphan). These 70 orphans are different from the orphans 22 which receive shelter from Rays of Hope. The total orphans supported by Rays of Hope is 22+70 = 92 Syrian orphans (all are in Turkey). Our work with Syrian refugees is 100% in Turkey Finally we had a big drive and events to raise awareness of Covid-19 pandemic in the BME community. This was supported by £2000 from Southampton Voluntary Services and funded by the Southampton City Council.
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 Para 1.23 None uncertainties about the charity continuing as a going concern
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 advice of the charity commission. |
Reference and Administrative details
| Charity name | Rays of Hope |
|---|---|
| Other name the charity uses (workingname) | Rays of HopeTrust |
| 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 | Chairman & Projects Manager | ||
| Hedayatullah Walizada | Financial Manager | ||
| Mahmood Kabbashi | Compliance Manager |
Funds held as custodian trustees on behalf of others
Description of the assets None n/a held in this capacity Name and objects of the None n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None n/a safe custody and segregation of such assets from the charity’s own assets
Declarations The trustees declare that they have approved the trustees, report alK•Ve. Signed on bohalf of the ch•riWs trustoes Slgnature($) Full name(sl Anas Akkofj (chair) Position (eg Secretary, Chair. Director and Ttee 2711212022 Slgnatyre(s) Full name(s) Hetyatullah Wali&•#a (secretary) Position (eg Secretsry. Chalr, Director and Trust 2711212022
Registered Number 08665693 114YS OF HOPE .Micro-entity Accounts 28 Februari. 2022
RAYS OF HOPE Registered Number 08665693 1icrentit!, Balance Sheet as at 28 February. 2022 Note.g 21122 2(J21 Fixed Assets 0,723 3.383 Current Assets Prepayments and at¢rued illcome Net current assets Olabilities) Total assets less Current liabilities 20,723 3,383 Creditors: amounts falling due after more than one year Provisions for liabilities Accriials and deferred ineome Total net assets Oiabilities) ry0,723 3,383 Reserves 20,723 3,383 For the yeaT ending ?8 February ?02? the company was eT]titled to exemption undeT section 477 of th¢ Companies Act 2006 r¢laling to small companies. The members have not reqiiired rhe company to obtain an audit in accordance with section 476 of the Companies Act 2006. The diTectOTS acknowled¥e their responsibilities for complying with the rquirements of the Coiiipanies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the rnicro-enlity proiisions and deliered in accordance with the provisions applicable lo coinpanies subject to the small companies regime. Approv¢d by th¢ Board on 28 Noi¢mb¢r 2022 Alld signed on IheiT behalf by: Ana5 Al-kurjg Directur Heda)'atullah Il'alizada, Director
RAYS OF HOPE Registered Number 08665693 Notes to the Micro-entitv Account5 for the period ended 28 February 2022 Employees 2022 2021 Averagc numbcr of employees during the pcriod This docum¢nt was d¢liver¢d using ¢leclronic communications and authenticaled in accordance with the r¢gistrar's rules r¢laling to ¢l¢ctronic forni. authentication and mann¢r ot delivery under s¢¢tion 1072 of the Companies Act 2006.