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2022-12-31-accounts

RAYS OF HOPE

Annual Report and Accounts

The year ended on 31[th] December 2022

31/12/2022

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

srATEMEKT OF TRUStEEY 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 finanoal ststement that gives a true and fair view of the organization's financial artivities during the year and its finanaal position at the end of each financial year. Under Charities Arts, the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the stste of affairs of the company for that period. In preparing these accounts, the trustees are required to: select suitable accounting poliaes and then apply them consistently: observe the methods and prinaples in the Charitie5 SORP IFRS 102): make a judgement and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, 5ubjett to any material departures disdosed and explained in the Financial Statements. and Prepare the accounts on the going concem basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keepin8 adequate accountin8 records that are suffioent to show and explain the companrfs transactions and disdose with reasonable accurary 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 safe8uardin8 the assets of the company and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. Signed on behalf of the tnjstees: Chairman & Projert Director Financial Dirertor /fvds AL-k off J 161V2023 161212023

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 31[st] December 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 give “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 statements 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 Ltd

101 ST MARY STREET, SOUTHAMPTON, SO14 1PF

16/2/2023

Idris Pheroze BSc Accounting CIMA Advanced Diploma MA MICB

4

Ray of Hope Income and Expenditure Account for year ended on 31 DEC 2022 Total Funds DEC 2022 Total Funds FEB 2022 Notes INCOMING RESOURCES: Voluntary Grants Voluntaryl Donations ACTIVITIES FOR GENERATING FUNDS.. 153,494.70 118,187.82 Investment Income Other Activities Total Incoming Resources 153,494.70 118,187.82 RESOURCES EXPENDED: COST FOR GENERATING FUNDS: Charitable Expenses Governance Costs Bank Charges TOTAL RESOURCES EXPENDED: 95,464.33 100,848.39 95,464.33 100,848.39 Net Surplus/deficit for the year Opening Funds 58,030.36 17,339.43 17,339.37 3,383.68 CLOSING FUNDS: 78,803.00 20,723.11

BALANCE SHEET AS AT 310ECEM8ER 2022 STATEMENT OF FINANCIAL POSITION Ray of Hope AS AT 31 DECEMBER 2022 2022 2021 Notes FIXED ASSETS Land Building Vehicles & Equipment Total Assets CURRENT ASSETS Debtors Prepayments Cash at Bank &in hand 78,803.00 20,723.11 Total Current Assets 78,803.00 20,723.11 CURRENT LIABILITIES Overdraft Net Assets 78,803.00 20,723.11 FINANCED BY Restricted Funds Unrestricted Funds 78,803.00 20,723.11 Total 78,803.00 20,723.11

NOTES FORMING PART OF THE FINANCIAL STATEMENTS :

ACCOUNTING POLICIES

INCOME RESOURCES

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.

7

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

Unrestricted funds are funds received which no restrictions placed in their use and are available as general funds.

8

Independent Examiner’s Report to the Trustees of the Rays of Hope Limited

miner’s Report to the Trustees of the Rays of Hope Limited miner’s Report to the Trustees of the Rays of Hope Limited miner’s Report to the Trustees of the Rays of Hope Limited
Report to the trustees of
On accounts for the year
ended 31st December 2022		 Rays of Hope
31 DECEMBER 2022 Charity no 1160443

Respective responsibilities of The charity's trustees are responsible for the preparation of the accounts. The trustees and examiner charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Independent examiner's In connection with my examination, no matter has come to my attention; statement 1.

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 16 FEBRUARY 2023

Name:
Address:		 Idris Pheroze
BSc Accounting
CIMA Advanced Diploma MA
MICB
Easy Tax & Accounting Ltd, 101 ST MARY STREET, SOUTHAMPTON, SO14 1PF

9

Trustees’ Annual Report for the period

From 1[st] March 2022 Period start date to 31[st] December 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
referenc
e
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 in Turkey
2. Literacy, wellbeing and educational classes for
refugees in Turkey through Iqra Academy project
3.Orphanage to shelter orphan refugees in Turkey
4.Qurbani Project in Eid ul Adha
5.Rice distribution in Eid ul Fiter
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
refere
nce
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, 1/3/22 to 31/12/22 the trustees raised a total of
£153,494.70 from donors in the UK only and the charity spent this
year £95,464.33 on various projects. A balance of £78,803.47 was
carried over for the next (new) financial year starting from 1/1/2023.
We delivered in our projects as follows on the following five key
priorities in the above-mentioned period:
1.Food for Refugees: Food parcels were provided to the destitute,
needy and the Syrian refugees in Turkey. 12.51% of expenditure
was spent on Food Parcels where 600 people benefited (263
males and 337 females in 100 families in Turkey).
2. Tackling illiteracy among the refugees: Literacy and
Educational Classes, focussed on reading and writing skills to
improve self-esteem, support their mental well-being and improve
their employability skills, were provided to many children of Syrian
refugee children in Turkey.55.76% of this expenditure this year

The total orphans who get support in the period from Rays of Hope is 40+70 = 110 Syrian orphans (all are refugees in Turkey).

Our work is only with Syrian refugees and all (100%) live 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 charityin 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

Reference and Administrative details
Charityname 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 None n/a held in this capacity

Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 None n/a
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 None n/a

Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Anas Al-korj (chair) Position (eg Secretary, Chair, Director and Trustee etc) Date 27/1/2023 Signature(s) Full name(s) Hedyatullah Walizada (secretary) Position (eg Secretary, Chair, Director and Trustee etc) Date 27/1/2023