Hope Renewal Report and Accounts for the Year Ended 31 March 2025 Registered Charity Number: 1167181
Hope Renewal Report and Accounts for the Year Ended 31 March 2025 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, 2025 The trustees present their report along with the financial statements for the year ended 31 March 2025. 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 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 responsibility for settling 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 2026 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 benef1t 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 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 Trustee5, 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 responsi bi lity 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 effectively, proper records are maintained a nd financial information, used withi n 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 2025. PLANS FOR FUTURE PERIODS Our Key priority is to fully commence operations in the 2026 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 activitie5 during the year and of its financial position at the end of the year, In preparing those financial statements, the trustees are required to.. select suitable 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 financial statements on the going concern basis unless it is inappropriate to presu me that the charity will continue in busi ness. 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 a nd other i rregularities. Approved by the trustees on 20 January, 2026 and signed on their behalf by Mr Martins Oronsaye Trustee
I CHARITY COMMISSIO FOR ENGLANO ANO WAIF. HOPE RENEWAL 1167181 Receipts and payments accounts CC16a For the porlod eriod en date of- 314lar48 Section A Receipts and payments Unrestricted fund8 Restrlcted funds Endowment funds Total funds La¥ty••r t•lh• rwr••t £ tfth• nMr••te toth• n••r•ttE tothg MrMt£ toth• n•#r••t£ A1 Recel ts Dlher InCDffle ub tots ross income A2 ASEEI and Invètm•nt s•19s. sè Sub tots A3P orexpong06 ub tota A4 Asset and inv•smèn¢ purchas8s. Isee tsbl•l ub totsl Net olrVcelpts/(paynntsj AS Transfers bgtsfoon fvnds A6 Cash tund8 last yèar ènd Cash funds thls ye•r end
Section B Statement of assets and liabilities at the end of the period Unr8stricl8d funds R8sttiCtsd funds EndoY4tngnt funds to n•ar•Nt£ ¢atellorig5 Detslls to Mar•8te B1 Cash fvnds Tot41 oash funds XWBII Unre8trfctsd fvTrds lonyr••t£ R•#trletgd fund8 tOn•Ar••t£ Detalls 82 Other monetary assets Co•t loptk)nll Curr•nt vilw4 Jnlll Details •M•tb•k)n Fund towhlch Dotails Cost loptk)n•l) Cury•Trt valu• Ih)n• B4 Assets retainedfor th• charlty's own us8 Fund towhl¢h r•lBt•s •n du• Detalls Jnal B5 Llabllltl•• Signed by one orts¥otrustee5 an behalf of all truste68 Date of roval Snature Print Name manir16 ofDnsa MARTINS O. ORONSAYE 2010112026