2024-03-31-accounts

Hope Renewal Report and Accounts for the Year Ended 31 March 2024 Registered Charity Number: 1167181

Hope Renewal Report and Accounts for the Year Ended 31 March 2024 Charity Information Trustees IYABO MOJI ORONSAYE MARTINS OSAZUWA-OWAS ORONSAYE GODSWILL AYENOBA Registered Charity Number 1167181 Address 11 BICKINGTON ROAD BIRMINGHAM 832 3EX

Hope Renewal Report and Accounts for the Year Ended 31 March, 2024 The trustees present their report along with the financial statements for the year ended 31 March 2024. 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 charitable 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 responslbllity for the direction, management and control of the charlty. 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 hSs offlce In writing. The charity trustees will make available to each new charlty 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 account5. If the CIO is wound up, the member5 of the CIO have no liability to contribute to its assets and no personal responsibillty for settl ing its debts and l iabil ities. AIMS AND OBJECTIVES The prevention and rellef of poverty of persons who are in need In England and Wales by providing them with food and clothlng. ACHIEVEMENT, PERFORMANCE AND VOLUNTEERS We are carrying out strategic planning in order to commence operations in the 2025 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 succe55 of the organisation in meeting its key objectives of relieving poverty, The Trustees confirm, in the light of the

guidance, that these aims fully meet the public benefit test and that all the activities of the charity, 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 a n appropriate system of controls, financial and otherwise, to provide reasonable assurance that the charity is operating efficiently and effectively, proper records are mai ntai ned and fi nancia I information, used within the charity or for publication 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 regardlng operations in 2024. PLANS FOR FUTURE PERIODS Our Key priority is to fully commence operations in the 2025 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 fi nancial year which give a true and fai r view of the charlty's fi nancia I activities duri ng the year and of its fina ncia I position at the end of the year. In preparing those financial statements, the trustees are required to,. select suita ble accounting 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 financlal statements on the going 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 Act. 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 i rregularities. Approved by the trustees on 28 January, 2025 and signed on their behalf by Mr Martins Oronsaye Trustee

CHARITY COMMISSIO FOR ENGLANO AND WAIt HOPE RENEWAL 1167181 Receipts and payments accounts CC16a For th• p•rlod Bt•rt To 3141ar44 Section A Receipts and payments UDr•8trletsd funds R•Atrlct•d fund¥ Endowm•nt fvjnds Totsl lund¥ L•*t y••r toth•M4r••¢ toth• Th••r••t£ tot• ross ncorng A2 A••èt and Inv••tm•nl ••l••. Sub to¢• ngon or¢xpon60 tot• A4 A••gt ind Inv•slm0nt pvrchasos, (Aae tsbl•l t• N•t olrn¢•lpts/fpaym•nts) AS Tran8hr8 b•tsfeon fund• A6 Cash funds last y•ar •nd Cash funds thls ye•r ond

Section B Statement of assets and liabilities at the end of the period UllrèstrieL&d fund¥ RostricLGd funds Endowmolll fund¥ Cato4orl¢s D•tsll8 trr￿lIst £ tro nMr4•t É B1 Ca•h fvndl Tot•le•sh funds Unr•trlct•d lunds R•trfctsd fund8 Dotalls to B2 Oth•r mon•tsry a•￿￿ I￿ndthkh ••••tb•lon Colt loptk)nall Curnni v•lw Fund to whl¢h ••tb•Jo Cury•m vilu• D•talls Cwl I)Ptk7n￿I B4 A8•et8 r•taln•d for th• ¢h•rlty'8 own ua• Fundttswhkh r•thl Athount du• I￿nI1 Wh•fid￿* n• 85 Llabllltles Signed by onè Or￿111￿5t8As on behalf ol allthetru8le SignaiuT• Prfnt N8rn# Oate of roval marbns ¢Yontsa è MARTINS O. ORONSAYE 281011202