Charlty number 1173832 Hope and Soul Financial Statements for the year ended 31 December 2023
Hope and Soul Accounts for the year to 31 December 2023 Charity Information Charit Name: Charity reglstration number: Ho e and Soul 1173832 Address: 38 Keats Close Waterloovllle Hampshire P08 8LA Bankers: Lloyds Bank 272 London Road Waterlooville Portsmouth P07 7HN Trustees Hope Prosser Carollne Prosser lan Barter (appointed 3 May 2023) Mark Gidney (appointed 19 May 2024) Graham Prosser Amy Bowles Jacqueline Barter (appointed 3 May 2023) Susan Gidney (appointed 19 May 2024) The trustees are pleased to present their report and the financial statements of the charlty for the year ended 31 December 2023.
Hope and Soul Accounts for the year to 31 December 2023 The Trustees Report for the year ended 31 December 2023 The Trustees present their report and accounts for the year ended 31 December 2023. Status Hope and Soul is a Charitable Incorporated Organisation (CIO) and is a reglstered Charity (number 1173832). Constltutlon and Objectives The objectlves of the CIO are: For the public benefit, the relief and assistance of orphaned children aged up to 18 years old Ilving In Tanzanla, by the provision of a safe housing facility. To advance the education and support the wellbeing of children in Tanzania by provld- ing and assisting In the provlslon of appropriate facilities. Specifically street connected children who lack access to public school servlces due primarily to poverty. The prevention or relief of poverty in Tanzania for.at risk" single parent families and young people by providing or assisting In the provision of educatlon, tralnlng, healthcare projects and all the necessary support designed to enable Individuals to generate a sustainable Income and be self-sufficient. Actlvltles The following main activities have been planned and undertaken with consideratlon to the Charltles Act and the Charities (Accounts and Reports) 2008 Regulatlons, specifically Sectlon 17(5). This guldance on public benefit has been read and reviewed by all trustees and our charlty objectives are In accordance with the public benefit. We confirm the trustees have had regard to the Charlty Commission's guidance on public benefit. Our misslon at Hope and Soul is to alleviate poverty by creating sustainable solutions that foster self-sufficiency and improve the quality of life for children and single mothers living In poverty. We are dedicated to supporting physical, mental, emotional, and spiritual needs. Our aim Is to Improve access to education, and to support disadvantaged families In meeting thelr basic needs. We believe that every child has the right to a quality education and that by investing in thelr futures, we can create a brlghter and more equltable world. We provide a child sponsorship programme that offers comprehensive support. This support may Include school fees, providing school uniforms, ensuring access to food, facllltatlng transportatlon, supplying clothes and shoes, school bags and books, taking care of healthcare costs, and providing counselllng. Additionallyi we organlse social outings for the chlldren. We deliver a diverse range of support to "at risk, single mothers. This support may include asslstlng wlth rent payments, providing a weekly food allowance, covering healthcare expenses, supporting college fees, offering training opportunities, providing fundlng for buslness start-ups, and offering counselling services. Achlevements and Developments We provide support to approxlmately 100 children, young people, and single mothers. Durlng the year, we have enabled children to access education and supported thelr welfare needs.
Hope and Soul Accounts for the year to 31 December 2023 We have supported single parents towards self-sufficiency by enabling training and business- starts ups. We have improved the infrastructure of some of the children and families, homes, making them safe spaces. Our commitment to local community is evident in various ways. We have hired staff locally and utilise services from the community. Our substantial weekly expenditure at local markets contributes to the enhancement of the local economy. Revlew of Flnancial Actlvltles The Statement of Flnancial Activities shows that the income has increased since last year, whlch has enabled the charity to increase both the expendlture on its activities and the funds avallable for future expenditure. Statement of the Trustees. Responsibilities The Trustees are requlred under the constitution of the charity to prepare financial statements for each financial year of the charity and of its results for that period. The Trustees are responsible for keeping proper accounting records, which disclose wlth reasonable accuracy at any time the financial position of the CIO. They are also responslble for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Accounting Policies The accounting pollcles are detailed in the notes to the accounts. Trustees known as The Board Those who have served or are currently serving as members of the Board are shown On the Charity Information page. Date signed as authorised by the Trustees
31 Deceinber 2023 Independent Exarniner's Report on l.he Attounts Report to the trustees of Hope arid Soul on the accounts for the year ended 31 December 2023 set out on pages 6 to 10. Respectlve responslbllltles of trustee5 and examlner The charlty's trustees are responsible for the preparatlon of the accounts. The charlty's trus- tees conslder that an audlt Is not required for this year under settlon 144 of the Charltles Art 2011 (the Charlties Act) and that ari Independent examlnation Is needed. It Is my responsibility to: examlne the accounts under settlon 14.5 of the Charlties Act, to follow the proCedUS lald down In the general Directions giveri by the Charlty Commis- slon (under settlon 145(5)(b) of the Charlties Act, and to state whether partlcular mattars Fiave come to my attentlon. Basls of Independent examlner Statement My examlnatlon was carried out in accordance with general Directions given by the Charity Commlsslon. An examlnatlon incllides a review of the accoijntlng records kept by the charity and a comparison of the accounts presenLed wlth tnose reco,-ds. It also Includes conslderatlon of any unusual items or dlsclosures In the accounts, and seeklng ey.planatlons from the trustees conceming any such matters. The procedures undertaken do not provlde all the evldence that would be required In an audlt, and consequently no oJinlon Is glven as to whether the accounts present a 'true and falrf vlew, and the report is limited to those matters set out In the statement below. Independent E:camlner's Statement In connectlon with my examinatiori, no matter has come to my attentlon whlch glves me reasonable cause to believe that In, any rriaterial i-espect, the requirsments= to keep aLcountlng records In accordance with section 130 of the Charities Act; and to prepare accounts whlch accord with the accounting records and comply wlth the accountlng requlrements of the Charities Act have not been met; or to whlch, In my oplnion, attentiGn should be drawn In order to enable a proper understar.ding of the accounES to be reached. Signed: Name: Andrew Gadoros Relevant professlonal qualifl- catlon(s) or body (If any): FCA Address: l-The QL,adrant Centre Limes Road Weybridge
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Hope and Soul Accounts for the year to 31 December 2023 Statement of Financial Activities Unrestrlrted Funds Restrlcted Funds Total Funds 2023 Income Income from charitable activities.. Donations Glft Ald received 73,071 15,063 41,881 114,952 15,063 130 015 Investment income.. Interest received Total Income 130 020 Expendlture Charitable expenditure.. Family support Street chlldren Orphanage Housebulld Other charltable expenses 58,666 5,548 4,859 9,080 67,746 5,548 8,175 12,995 15,349 3,316 12,995 15,349 109 813 Decrease In loan from trustee 11,776 11,776 Administrative expenses 4,568 4,568 Governance costs Total Expendlture 101 846 127 237 Net movement In funds for the year Funds b/fwd (13,707) 16,490 2,783 18,868 18,868 Transfer Funds c/fwd All activities of the charity are classified as continuing. Slgned as authorised by the Trustees 02.09.2024 02.09.2024
Hope and Soul Accounts for the year to 31 December 2023 Statement of Financial Activities Unrestricted Funds Restricted Funds Total Funds 2022 Income Income from charitable activities.. Donations Fundraising events Other revenue Gift Aid received 53,035 12,163 27,389 80,424 12,163 8,484 8,484 101 071 Increase in loan from trustee 3,186 3,186 Investment income.. Interest received Total income 104 257 Expenditure Charitable expenditure.. Family support Street children Orphanage Housebuild Other charitable expenses 37,624 7,483 10,969 12,642 50,266 7,483 10,969 14,682 14,732 14,682 65 14,667 Administrative expenses 2,668 2,668 Governance costs 300 300 Total Expenditure 101 100 Net movement in funds for the year Funds b/fwd 3,157 3,157 15,711 15,711 Transfer Funds c/fwd
Hope and Soul Accounts for the year to 31 December 2023 Statement of Assets and Liabilities as at 31 December 2023 Notes Unrestrfcted Funds 2023 Restrlcted Funds 2023 Total Funds 2023 TOTAL 2022 Cash funds Current accounts 5,161 16,490 21,651 18,868 Total cash funds other monetary assets Gift ald claim y.e. 31.12.2020 Glft aid claim y.e. 31.12.2022 Glft ald clalm y.e. 31.12.2023 Glft ald claim y.e. 31.12.2024 1,539 2,673 4,005 6,238 6,238 Llabllltles Loan from trustee (317) (317) (12,093) Total Ilabllltles 317 317 Slgned as authorised by the Trustees 02.09.2024 02.09.2024
Hope and Soul Accounts for the year to 31 December 2023 Notes on the accounts l Accountlng Pollcies The prlncipal accounting policies adopted in the preparation of the financial statements are as follows: Basis of preparation As a charlty reglstered in England and Wales that is not a company and wlth gross income of less than £250,000, Hope and Soul is allowed under section 133 of the Charitles Art 2011 Cthe Charltles Act? to prepare receipts and payments accounts. The financial statements have been prepared on that basis. Preparatlon of the accounts on a going concern basls It Is assumed that the charity as a going concern, it has sufficient available resources (financlal, volunteers and support) to continue the operations that It carries out at present and those that are planned for the foreseeable future. Income Income Is recognised when the charity receives the funds and any performance conditlons attached to the item of income have been met. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notificatlon of the Interest paid or payable by the Bank. Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charlty. At present, all the funds of the charity are Included in thls category. Designated funds are unrestricted funds of the charity which the trustees have declded at thelr dlscretlon to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for partlcular areas of the charity's work. Expendlture and Irrecoverable VAT Expendlture is recognised once payment has been made. The trustees have reassessed the disclosure of the expenses In the Statement of Financial Activlty and as such the expense headings used have changed from the previous period in order to better reflect the operations of the charity. The comparatlve figures have not been reanalysed as to do so Is considered not to be cost efficient. The charity is not reglstered for VAT and irrecoverable VAT on expenditure is charged as cost against the activlty for whlch that expenditure was incurred. No trustees received any remuneration in the year, nor were any expenses paid by the charlty to members of the Board in respect of their duties as trustees of the charlty. Allocatlon of support costs Support costs are those functions that assist the work of the charity but do not dirertly undertake charitable actlvities. Support costs include back-office costs and governance costs which support the charity's artivities.
Hope and Soul Accounts for the year to 31 December 2023 Cash at bank and in hand Cash at bank and cash in hand includes all bank accounts (including the PayPal account) and cash on hand. Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic flnancial Instruments. Basic financial instruments are initially recognised at transactlon value. Forelgn currency Transactions in currencies other than the functional currency of the charity are recorded at the rates of exchange prevalllng on the dates of the transactions. At each balance sheet date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at closing exchange rates. Gains and losses arising on the retranslation of monetary assets and liabilities are included In the statement of financlal activities. 2 Legal status of the charity The charity is an independent charity, registered at the Charity Commission under Charity Number 1173832. The registered contact is Ms Hope Prosser. 3 Staff expenses During the year Hope Prosser, one of the trustees received £6,532 in support costs to provlde her wlth accommodation and subslstence during the course of her charitable work in Tanzanla. This fundlng was secured specifically for this purpose and is Included In the restricted funds in the SOFA. No trustees received any remuneration or benefits in the period. 4 Related party transactions There are no related party transactions to be reported. 10