## **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.