2023-03-31-accounts

Hope Renewal Report and Accounts for the Year Ended 31 March 2023 Registered Charity Number: 1167181

Hope Renewal Report and Accounts for the Year Ended 31 March 2023 Charity Information Trustees IYABO MOJI ORONSAYE MARTINS OSAZUWA-OWAS ORONSAYE GODSWILL AYENOBA Registered Charity Number 1167181 Address 11 BICKINGTON ROAD BIRMINGHAM B32 3EX

Hope Renewal Report and Accounts for the Year Ended 31 March, 2023 The trustees present their report along with the financial statements for the year ended 31 March 2023. ORGANISATIONAL STRUCTURE The Hope Renewal is a charitable incorporated organisation. The trustees adopted the constitution on 18 May 2016 in accordance with the 'Association Model, published by the Charity Commission. Hope Renewal is established for charitsble purposes for the public benefit and entered onto the Register of charities on 18 May 2016 with the Registered Charity Number 1167181. GOVERNANCE AND MANAGEMENT The Board of Trustees have overall responsibility for the direction, management and control of the charity. The board shall comprise of no fewer than three members, maximum of twelve members. At the period end there were three members, all of whom are unpaid. The board have the power to appoint a member at any time to fill a casual vacancy or as an addition to the existing members. Members would be appointed according to their relevant skills, competencies and experience. A member can retire at any point by resigning his office in writing. The charity trustees will make available to each new charity trustee, on or before his or her first appointment: (a) a copy of this constitution and any amendments made to it; and (b) a copy of the CIO'S latest trustees, annual report and statement of accounts. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsi bi lity for settli ng its debts and liabilities. AIMS AND OBJECTIVES The prevention and relief of poverty of persons who are in need in England and Wales by providing them with food and clothing. ACHIEVEMENT, PERFORMANCE AND VOLUNTEERS We are carrying out strategic planning in order to commence operations in the 2024 financial year. PUBLIC BENEFIT Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key principles which must be met in this context are, first, that there must be an identifiable benefit or benefits; and secondly, that the benefit must be to the public, or a section of the public. Charity trustees must ensure that they carry out their charity's aims for the public benefit, must have regard to the Charity Commission's guidance, and must report on public benefit in their Annual Report. The charities board of trustees regularly monitors and reviews the success of the organisation in meetin its ke ectives of relievin overt The Trustees confirm, in the li ht of the

guidance, that these aims fully meet the public benefit test and that al I the activities of the charityi described in the Report of the Trustees, are undertaken in pursuit of these aims. The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission. FINANCIAL REVIEW The charities total incoming resources for the year £0. The total resources expended by the charity £0. The charity had a net of receipt of £0. RESERVES AND GOING CONCERN The charity will continue to remain a going concern, RISK MANAGEMENT AND INTERNAL CONTROL The Trustees have overall responsibility for ensuring that the organisation operates an appropriate system of controls, financial and otherwise, to provide reasonable assurance that the charity is operating efficiently and effectivelyi proper records are maintained and financial information, used within the charity or for publ ication is reliable and that the charity complies with relevant laws and regulations. SERIOUS INCIDENTS The Trustees confirm that there are no serious incidents to report regarding operations in 2022. PLANS FOR FUTURE PERIODS Our Key priority 15 to fully commence operations in the 2024 financial year. TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statement5, the trustees are required to: select Sultable accounti ng policies and then apply them consistently; make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and prepare the financial Statements on the goi ng concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Att. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 27 january, 2024 and signed on their behalf by Mr Martins Oronsaye

I CHARITY COMMISSIO I FOR ENfjiAND AND WALE HOPE RENEWAL 1167181 Receipts and payments accounts CC16a For th• parlod *tsrtdAt• 01- 314I•f43 Section A Receipts and payments Unrgstrt¢tsd funds R•J5tr1¢1• fund• Endowm•nt fund6 Totsl fiEndx L••t y••r tothi toth• ltsth• war••t£ othtrrTrGOrn Sublolal Gro￿1￿COM8 fo A2 AssÈt aftd Inv88tmont Aalès. Sub tota pnn nga 0r9xwns 15 Sub tots A4 A88et and Inv88lmént purcha808, Is80 tsbl81 Sub lolal Nèt ofr•celpts/(p•ymontsJ AS Transf8r6 bo￿8•n funds A6 Cash funds 188t year end Cash functs thls yeJr end

Sectlon B Statement of assets and liabilities at the end of the period Unrestrittèd funds Ro8trtctsd funds Endowrn¢nt frJnd8 to n•4r••t£ CatsAofip5 D•talls tCn•ar••t£ 81 Cash fund8 Totalc•sh fvnds Unre8trlctod frjnds to n••rtst£ Rostrlctsd fvnd¥ tQ D••rnt£ Details B2 ot￿r rnonetary a88ets Funrflo whlch ¢urr•nt vth• t*¢￿1 Details 83 Investment ass•ts Fund tawhlGh ¢wt(opt￿n Cuti•nt tJeta¥19 84 Assets retaln•d for tho charlty's own use Fund to whlch bH r•knt• Amountd Vth•n du• Detall 85 Llabllstles SNJn8d by one ortsrtw$ts8s 0 beh￿1 of 8IIthB Iru5tses Signature Prfnt Namè Dale of roval nsorony MARTINS O. RONSAY 101fd024