REGISfERED CHARITY NUMBER: 1174299 Report of the T$t¢ UnaDdlted FIlld stateDnts for th¢ Y¢8r EDd¢d 31 Aug49¢ 2023 IHope FouDdatlDn Regency H¢)use 33 W(MMI Street HutFordsbi EN5 4BE
lllope Found•do Contents of the FID¢11 StatettDts for the Year Ended 31 AuEllSt 2023 Page Report ofthe Trnstees I to 2 Independent Ex•Jnlner's Report St•tement of FIDall¢l Aetlvllles B212Dce Sheet Nott8 to tbe Financial StatemeDts Det¥iled St¢ement of Fiunciai ArtÉvitie5 io
RHope FotsndatiD Report oftht Truste for the Ye*r Ended 31 All£tsst 2023 The trustees prts¢nt th¢ir r4rt with the finattcial staten of the charity for the year ended 31 AUgt 2023. The tne¢S have adopted the provisions of Ac£ountltt8 and Reporting by Chariti&s: Ststement of Praclice applicable to ¢hariti¢s ppaTillg their accounts in a¢¢ordan¢e with the Financial Rqting Stand8rd applicable in the UK and RepublTC of Ireland IFRS 102) leffe¢tive l JaDuary 2019). 0ECTIVEs AND ACmryTtFS To provide food distribution progratTUrte and Wdter proj¢¢ts as s& out by the tsustees. Thi% year w¢ have operated our work mainly in The Garnbia and did a f(xJd distr1 tion progra in Pakistan. Furthen]K)re. we ulldertook a trial for a food pack dxstributioll itt the UK d¢5ign¢d eycially for the elderfy cotDDWDity during chris 2022. ACHIEVEMENT AND PERFORMAIYCE During our fJn8tttial year, in The Gambia we rnana8 to deliver 3 water wr115 a1 25 watrr taps, providin8 acLess to saf¢ aud cl¢aTr wal¢r. we also dismThutrd approx. 50 family f(Kbd pa¢k& In P2kistarL we unde¢[ 2 fcM)d distributiiML programTne which saw us aTrng¢ and delivtt 140 food packs to tbos¢ in ne¢d. The food pack once again was delivered through our tiered programrne vjhich is to help smgje mothers, widow¢l the elderly as well as 0harIs. people with disabilities low-income families. We a]so constructed a solar waier projecL Oasi5 Ix)4 with a deLivery partoer, Hthich provide5 ¢l¢an w&ter b) a whole community. We succllY Irialled a food pack progra for the elderly comnwwty in the iJK dulg Cbrists 2022. wh¢re we delived approx. 15 food packs io a care hon ¢rntr¢ Én Wfordshire. All of ow projects were oveTseeD dirtctly by the on the to cusurr quality. coTrsistency as well &% rnODitoring direct deliveryto the beneficiaries. STRucfuRE. COVERNAE4CE AND MANAGEMENr Governing document The eharity is a Charitable Incorp)rat¢d (kgaDi5ation (CIO) governed by a CoDs¢imtion dated 28 Julle 2022. Rry5teTed Chxrlty number 1174299 Principal address Expressway. Office.. l.I l Dock road London E16 IAH Trustee8 B Aqil Tslee O Haque TrSlee Ms S Zanun Tnle< I J Bhatti Trte¢ Independent Examiner CartThYights Chartered Aceountants and B8]nesS Advtso R¢gency House 33 Wo(Ml Street Barnet Hertfordsbire EN5 4BE
I&ope Fo•ndath ofthe Trurttts for the Ytsr£nde4131 Au8Wt 2023
JndepeDdent Exanller'S Report the Trustees of IHop¢ FouDd4ti0 IndepettdeDt ¢xamlner's report to the trustees of iHopÈ Fond%O I report to the charity uwtts on my examin0 of the accounts of iHope Fouodatiou (the Trust} for the year ended 31 Au8Wt 2023. Responslbllltles and basis Of rert As the charity trn51ee5 of the TnLSt you aTe respotwllle for the prerArion of the ac£out)ts Tn a¢[dance with the requirements of the Chariti¢s Aci 2011 Cthe Act). I report itt respect of my examination of thc TnLSt's accouttLs carried out Utukr Section 145 of the Act and tn ¢arryitt¥ out Tny examination I have followed all opplicable Directions given by the Charity Cotnnjission uoder Section 145(5)Ib) of the ACL Ind¢p¢ndetht examTner'5 5tateTnent I have Cotnpleted my examtnatson. I Conf that no material mattcrs bav¢ come to w attention in CODnecuon with the examination givÈng me cause to believ¢ that in anymateJial respecL accounling records were t)ot kept in respect of the Trust&s reqllireAI by SectiTrJ 130 of the ACL or the ac£ounts do noi aLcord with tbos¢ recotds.. or the accounts do not conjply with the applicable requirents CollcernT tbe forni and ¢onnt of accounts set out in the Charities {Accounts and Rewjrtsl Regulations 2(9 otheT than alky requiremth that the accounts give a and fair vi¢w wtii¢h is lloia matter ¢oLsidered &s part of independeni examin10 I have no conccrD5 and bdve acro&s no othcr 03antrs in t4MlOn wrth the examitjation which attention sIUld be drawn in this report in order to etJabl¢ a proper uoder5tsndin8 of the accounts to be rea¢h¢d. Ahsan Kha Carrwrights Chartered ACCOU{ants and B1&%8 Advisors Regency Flouse 33 W¢)od Stre Bamet Herttor<Lthir¢ EN5 4BE Date..
IHope Fowid8ti0 Statethellt of FancIal Activldes f•r the Yer EDded 31 August 2023 3118123 Total frEnd5 3118122 Totsl fllDds UKrtstrfeted R5trIrted nd nd N(Jt¢s INCOME ANJ D ENDOWMENfs FROM Donations a[ l¢ga¢i¢s 34.636 1210 35,846 27947 EXPEliDITiJRE ON Raising fuDd5 4285 4285 7.395 Charitable activitl¢s Sharing Wonders Fo¢)d & Water Pro Bood e Shams 3,900 17,465 5.215 9,100 35,855 15,355 5215 1110 Other 804 178 Tot91 29559 2.110 31.669 52,528 NET INCOMEI{EXPENDITURE} 5.077 {9) 4.177 (24,581) RECONCILIATION OF FUNDS Total fun(Ls brought fonvard 401 23.301 47,882 TOTAL FUNDS CARRIED FORWARD 27,478 27,478 23.301 The llotes fotrn part of these financial stateErtnts
31 A#8wt2•23 3118123 Tot•1 3118122 Tot1 fund Cath at b8Dk 27.478 27.478 23JOI 27.478 27A78 23JOI UAB]LITIFS 11.478 27,478 23JOJ 27.478 27.478 23JOJ FUNDS 27.478 22,4QJ 9t1) 27.478 23aOi and w¢r¢ si8nd cffl its t¢half by. O Hae.Tn
iHope FouDd4tlon Notes to the Fthilldal StatemeDts for tbe Year Ettded 31 All%vst 2023 ACCOUNfiNG POLICILS B•sls of ppar1DE the fthandl MteMents The ftnanctal stakrrrtnts of the charity. which is a public benefit ¢thtity FRS 102, have been prepared in accordattce with the Chatiti¢s SORP IFRS 102) 'AcCLMtjllg and Reporting by Chariti¢s: Staf¢m¢lli of Reconjmended Practiee applicable to ¢h2rities pr¢parittg th¢ir gttounts in accordance wkth the Finallcial Reporttng Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019),, Finan¢ial Reporting stalldd 102 The FEnancial Rq)orting Standard applicable in the UK 8t Republi¢ of Ireland, and the Charities Act 2011. The financial ststem¢nts have been prepared under the hi51orical cost convention. Incou All incorne 15 recognised in the StstuneTtt of Financial Activities once the chartty h&s entit]ement to the fi]nds. it is probable that the income will be received and the can be me reliably. Expendfiture LiabÉiities are recognised &$ expenditure as soon as the is a legal or cotk%tructive obligation cornmitting the ¢harity that expenditure, it 1$ probable thai a transfer of economic benefits will be Tequired in settlemrnt alld the amount of the obligation can be n&sUred reliably. Expenth"wre is accy)ulltrd for on all accruals b&sts and Iw b¢en classified under headings that aggregatr all cosi relatrd u) the category. Where cosu% cannot be directly attnlTruted to particular headin8S they have beett allocated to a¢tiwiti¢s on a basis wtth the $t ofTe. Grants offered subject to conditions which bave not b¢ert met at the year eThJ date aFC TK>*d a con]mitment but not ld as expenditure. T&tION The charity is exeTDPt from tax on its charittble a1Viti
c¢ountiDg
ul]51[]¢¢¢d funds can be ed itk accorknce with the cbaritsble obJ"¢¢tives at the discretion of the trtres. liesLri¢ted fijnds can onty be used for Fmrticular restricted PUTW)sts within the obj#ts of the clwity. kntrictions arise when spccifLed by tht donor or when futy15 are raised for particular restricd purtM)S¢& Further explan10 of the Dature and pur[m of each fuDd is included in the notes to the fmallcial statemen TRUSTEES, REMUf4ERATION AND BENEFITS There were no Iste¢S, rernunerntiiKL or otrrtr bufits for the ye¥r 31 Augost 2023 nor for the year ended 31 Allg$t 2022. The travel exn$¢5 include £1.476 paid for the Tnkstees tsavd for charitsble prOJts. continued...
IHope Foundation Notes to the Fthattclal Ststements- ¢ontÉD¥ed for tbe Year Ended 31 AuEvs12023 COMPARATIVES FOR THE STATEMENf OF FENANCIAL AcrtVTr Uttre5trirted Dd Restrleted fuDd Totsl funds Donations and le8aCi¢S 17.797 10.150 27.947 EXPENDITURE ON Raising funds 7J95 7.395 Ch8rlt*ble actlvlties Sharing Wondets Fo(Ml & Water Progran]n 9,100 25.129 9,11 35,855 10.726 178 178 Totsl 18299 34.229 52,528 NET INCOMEI(EXPENDITURE) (502) (24.079) (24.581) RECONCILIATION OF FUNDS Total futth brought fonward 22,3 24.979 47,882 TOTAL FUNDS CARRIED FORWARD 22,401 900 23,301 Net Dwvement In fulld$ At 3118123 At 119122 URre8tTiCted funds Cyeneral fvnd 22.401 5.077 27,478 Restrlcted fiKDds (9001 23.301 4.177 27,478 continued...
iHope FouMdatAo Notes Éfj the FiD*ndal StaterneDts- contiD•ed for tbe Year End¢d 31 August 21)23 MOVEMENT IN FUI¥DS. contlllved Nd rnovement in fi]n&. in¢lud¢d in the alx)ve 8r¢ as foll Rtsourres txpended Movement r¢8ources uNrerICterf funds General fwid 34,636 129,5591 5,077 R¢$tricted fud8 Zakat 1210 (2.110) {900) 35.846 {31,6691 4.177 Comp8ratiV¢s for movemeii Ill funds Net movement in funds At 3118122 At InI Umrestricted fuDds 22.903 (502) 22,401 Restricted fuRds 24979 (24.079) 900 TOTAL FUNDS 47,882 (24,581) 23JOI Cotnparative n¢t I1x)v¢Ir1 in fut¥ts, includcd in th¢ above are as follow5: Resourtes expended Movement funds r¢sourees Unrestricted fwNIs Gen1 fimd 17.797 (18299) (502) RestrIctl tsnd$ 10.150 134229) (24.079) 27.947 152528) {24.581) continueLt..
Illope F•vlldtknn Note5 to Éh¢ Flnwd#t SÉtemettts- cothiwed for the Yr Ettded 31 AuEUSt 21)11 MOVEMENT IN FUNDS. continued A current year 12 months and prior y¢ar 12 thIned position is as foll Net At 3118123 At I/21 in fuJM15 Unrestrlcted funds 22,W3 4.575 27,478 Restrlcted fvnds 24.979 (24,979) TOTAL FUNDS 47,882 {20.4041 27,478 A current year E2 rnOn and prior ye8r 12 months ¢ombiDed net DM)Trement in fiJud& included in the 4r¢ &8 follows= Re50urc expended Vlovement fttd5 Unrestricted funds General fund 52.433 (47.858) 4575 Restrlcted fund5 11.360 136J39) (24.979) TOTAL FUNDS 63,793 {84,197) {20.404) RELATED PARTY DISCLOSUR During th¢ year, the charity receiyed £3.tKM) from Elanforest Limi1 and £12IKI from ABT Cafeteria Limtted. Tht trustee Mr B Aqil is the diTC¢tor of both Elanforest Ltmited ABT Cafclcria Limit1. The ctwity also received donioEJs of £1,130 frotD Mr O Haquq £670 from Mr O Haquc's wife. and £165 from Mr O Haqlle's sisr¢r& The charity a]$0 recevved donatiotLS from the following 1. Ms S ZAman Mr l J Bhatti
IDPe Ffjund•tton Detan¢d Ststement of Flbtsdal Acth4tks for the Year Euded 31 August 2023 3118113 3118122 INCOME AND ENDOWMENTS Donatlons alld Iwcies Donations 35.846 27,947 Total Inconng resourfts 35,846 27,947 EXPENDITURE Rxlskng doDtlon5 *Dd iwcks Sun(ITi¢5 Wcbsit¢ costs Volunteus. overs¢&s travel 424 2.385 1,476 1,448 5.947 4285 7,395 Charitsble A<tivitR Grants to ItlttionS 26,580 44,95S Support Clbsts Flnlnce Bauk charges 264 E78 Governance costs Accouutancy and legal f¢es 540 Totsl resourc expettd¢d 31,669 52528 Net Ine0mel(e4)endire) 4,177 {24,581) Thi5 page d(u noi fomi part of the ststutory fiDwnci&l statements