## **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** - 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 7 - Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities - 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 ## **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: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given by **examiner’s statement** the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. 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 matters set out in the statement below. ## **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: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. 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| - was focussed on wellbeing, tackling illiteracy and education, where 1440 pupils benefited (664 boys and 776 girls). - 3. **Orphans and vulnerable women’s Shelter** : Providing shelter for 40 orphan children and their mothers who are vulnerable Syrian refugee widows (women) in Turkey. 3.17% of our expenditure was used on sheltering 22 orphans and widows (15 male orphan boys and 25 females (16 female orphans and 9 widows). All in Turkey. - 4. **Ramadan Rice:** On the occasion of the Holy Month of Ramadan, we used 8.72% of the above spending (as Sadaqa-ul-Fiter) to distribute rice to 894 beneficiaries (403 males and 491 females) - 5. **Qurbani Meat:** On the occasions of Eid-ul-Adha, we spent 8.53% of the above expense to purchase and slaughter 8 cows and 16 sheep in Sanliurfa, Turkey in Eid ul Adha season. The total number of people benefited was 1474 people (720 males and 754 females living within 295 families in Turkey). Many of them orphans or single mothers who are able to eat meat only on this occasion of Eid. - 6. **Feeding Programme** . We have been supporting 70 Syrian orphan children via this partner in Istanbul by providing monthly food parcels (£15 a month per orphan) costing a total of 2.95% of the total expenses. These are different orphans from 40 orphans which receive shelter from Rays of Hope. 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