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
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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
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tC*n•ar••t£
81 Cash fund8
Totalc•sh fvnds
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to n••rtst£
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tQ D••rn*t£
Details
B2 ot￿r rnonetary a88ets
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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
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Detall
85 Llabllstles
SNJn8d by one ortsrtw$ts8s 0
beh￿1 of 8IIthB Iru5tses
Signature
Prfnt Namè
Dale of
roval
nsorony
MARTINS O.
RONSAY
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