Hope Renewal Report and Accounts for the Year Ended 31 March 2022 Registered Charity Number.. 1167181 Hope Renewal Report and Accounts fof the Year Ended 31 March 2022 Charity Information Trustees IYABO MOJI ORONSAYE MARTINS OSh2UWA-OWAS ORONSAYE GODSWILL AYENOBA Reg15tered Chartty Number 1167181 Addre55 11 BICKINGTON ROAD BIRMINGHAM B32 3EX Hope Renewal Report and Accounts for the Year Ended 31 March, 2022 The trustees present thelr report along wlth trie financial statements for the year ended 31 March 2022. ORGANISATIONAL STRUCTURE The Hope Renewal is a chantable Incorpornted organisation. The trustees adopred the constltutlon on 18 May 2016 in accordance with the 'Assoclation Model, publlshed by the Charity Commlsslon. Hope Renewal Is established for charitable purposes for the publlc beneflt and ertered onto the Reglster of charlties on IB May 2016 wlth the Reglstered Charlty Number 1167181. GOVERNANCE AND MANAGEMENT The Board of Trustees have overall responslbillty for the dlrettion, management and contrpl of the charity. The board shall cornprf5e of no fewer than three merntsers, maximum of twelve members. At the perlod end there were three mernber5, all of whom are unpaid. The board have the power to appoint a rnernber at any time to fill a casual vacancy or as an additlon to the exlsting mernbers. Member5 would be appolnted accordlng ro thelr relevant skllls. competencies and experience. A member can retire at any polnt by reslgnlng h15 offlce In wrttlng. The charity trustees wlll make available to each new charity tnjstee, on or before his or her first appoSnlment.' (a) a copy of th15 const*tution and any arnendrp.ents rnade 10 It; and (b) a copy of the CIO, latest tru5tEes' annual report and statement of accounts. If the CIO Is wound up. the members of the CIO have no Ilablllty to contrlbute to its assets and no personal respon5ibillty for settllng Its debts and Iiabilitses. AJVIS AND OBJEcrivzs The preventlon and rellef of poverty of persons who are in need In England and Wales by providlng them wlth food and clothing. ACHIEVEMENT, PERFORMANCE AND VOLUNTEERS We are carrying out strategic planning In o,"Oer to commence operattons In the 2023 financlal year. PUBLIC 8ENEFrr ijnder the Charitles Art 2011, charitles are reoulred to demonstrate that their aim5 are for the publlc benefir. The two key prinaples which must be met In thls context are, first, that there must be an Identifiable benef;t or benefits: and secondly, that the benefit must be to rhe publlc, or a sertion of the public, Chanty trustees must ensure that they carry out thelr charlty's alms for the public benefit, must have regard to rhe Charity Commisslon's guldance, and must report tjn publlc benefit In thelr Annual Report. The charltles board of trustees regularly monltors and revlews the success of the organi5ation In meeLng Its key objectlves of relleving poverty. The Trustees confirm. In the lighr of the guldance, that these alms fully rneet thF publlc benefit test and that all the activities of the charity, descrlbed In the Report OT the Trustee5, are undertaken In pursuit of these aims. The charity trustee5 have complied wlth their duty to have due regard to the guldance on publlc benefFt publlshed tsy tne Charftles Commisslon. FINANCIAL REVIEW The charitles total Incomlng resources for the year £0. The total resources expended by the charity £15. The charity had a net of payment of £15. RESERVES AND GOING COP4CERN The charity will continue to remain a going concern. RISK MANAGEMENT AND INTERNAL CONTROL The Truslees have overall responsibility for ensuring that the organi5ation operates an appropriate system of contro15. financial and otherwise, ro provlde reasonable assurance that the chprity Is operating efficfently and effettively, proper records are maintained and financlal Information, used withln the charity or for publlcation Is reliable and that the charlty complles with relevant laws and regulations. SERIOUS INCIDENTS The Trusiees confjrm that the￿ a￿ no serious Incldents to report regarding operatfjons In 2022. PLANS FOR FUTURE PERIODS Our Key priority Is to fully commence operations In the 2023 financlal year, TRusfEES RESPONSIBILITIES IN RELATION TO THE FXNANCIAL STATEMENTS Law appllcable to charitSes In England and Wales requires the tnjstees to prepare flnancial statements for each Ilnanclal year whlch give a true and falr vlew of the charlty's financial activltie5 during the year and of it5 financial position at rhe end of the year. In preparlng those financlal statements, the trustees are required to: select suitable accounting policies and then apply them conslstentlyi make Judgments and estimates that a￿ ￿aSOnable and prudent; state whether appllcable accounting standards and statements of recommended prartlce have been followed subject to any departures disclosed and explalned In the flnandal stsiements. and prepare the finanaal statement5 on the going concem basls unless it Is inappropriate to presume that the charity will continue in busnes5. The frustee5 a￿ re5ponslble for keeplng accountlng record5 which dlsdose wlth ￿3$Onable accuracy at any time the financlal position of the charlty and enable them to ensure that the financlal statements comply wlth the Charibes Act. They are also responslble for safeguardlng the assets of the charity and hence for taklng reasonable steps for the prevention and etectron of fraud and other Irwularities. Approved by the trustees on 28 January, 2023 and sl9ned on thelr behalf by Mr Martin5 OronsayE Trustee CHARln (OMM1551 ffft ENGL￿ AND WALi 1107f•l Recelpts and payments accounts CC16a F•r th• p•riod J14knr42 Section A Receipts and payments Unr•itylct•d ndi ft•stri¢ knrts ndowrn•nt Totsl thbnOI Ltsi y••r b¢ot J4•1 and In¥wlm•fil ••l••. A4 A¥Mt inv••lrn•rt t• A6 Ivnd• la•1 y•w •fid C•sh thkn y••r CXX RI {SSI Section B Statem6nt of assets and liabilities at the end of the porlod fvndb 81 Cuh fvnd• ¢•*f••I1￿# 84 Au•l¥ rnl•ln•deor 11 EhArity'* 4MryI IIN•