REGISfERED CHARITY NUMBER: 1174299 Report of the T￿$t¢￿ UnaDdlted FIll￿d￿ stateD￿nts 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￿¢1￿1 Statett*Dts 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 r4￿rt with the finattcial staten￿ of the charity for the year ended 31 AUg￿t 2023. The tn￿e¢S have adopted the provisions of Ac£ountltt8 and Reporting by Chariti&s: Ststement of Praclice applicable to ¢hariti¢s p￿paTillg their accounts in a¢¢ordan¢e with the Financial Rq￿ting Stand8rd applicable in the UK and RepublTC of Ireland IFRS 102) leffe¢tive l JaDuary 2019). 0￿ECTIVEs 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 distr￿1 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 a￿1 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 0￿harIs. 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 succ￿￿llY Irialled a food pack progra￿ for the elderly comnwwty in the iJK dul￿g Cbrists￿ 2022. wh¢re we deliv￿ed 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 T￿slee O Haque Tr￿Slee Ms S Zanun Tn￿le< I J Bhatti Tr￿te¢ Independent Examiner CartThYights Chartered Aceountants and B￿8]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 Exan￿ller'S Report the Trustees of IHop¢ FouDd4ti0 IndepettdeDt ¢xamlner's report to the trustees of iHopÈ Fo￿nd%￿O I report to the charity uwtts on my examin￿0￿ of the accounts of iHope Fouodatiou (the Trust} for the year ended 31 Au8Wt 2023. Responslbllltles and basis Of re￿rt As the charity trn51ee5 of the TnLSt you aTe respotwllle for the prerAr*ion 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 requiren￿ts CollcernT￿ tbe forni and ¢on*nt 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 examin￿10 I have no conccrD5 and bdve acro&s no othcr 03antrs in t4Ml￿On wrth the examitjation ￿ which attention sI￿Uld 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 B￿1￿&%8 Advisors Regency Flouse 33 W¢)od Stre Bamet Herttor*d a con]mitment but not l￿d as expenditure. T&￿tION The charity is exeTDPt from tax on its charittble a￿1Viti #c¢ountiDg ul]￿51[]¢¢¢d funds can be ￿ed itk accorknce with the cbaritsble obJ"¢¢tives at the discretion of the tr￿￿tres. 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 restric￿d purtM)S¢& Further explan￿10￿ 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 I￿ste¢S, rernunerntiiKL or otrrtr bu￿fits for the ye¥r 31 Augost 2023 nor for the year ended 31 Allg￿$t 2022. The travel ex￿n$¢5 include £1.476 paid for the Tnkstees tsavd for charitsble prOJ￿ts. continued... IHope Foundation Notes to the Fthattclal Ststements- ¢ontÉD¥ed for tbe Year Ended 31 AuEvs12023 COMPARATIVES FOR THE STATEMENf OF FENANCIAL AcrtVTr Uttre5trirted Dd Restrleted fuDd Totsl funds Donations and le8aCi¢S 17.797 10.150 27.947 EXPENDITURE ON Raising funds 7J95 7.395 Ch8rlt*ble actlvlties Sharing Wondets Fo(Ml & Water Progran]n 9,100 25.129 9,11 35,855 10.726 178 178 Totsl 18299 34.229 52,528 NET INCOMEI(EXPENDITURE) (502) (24.079) (24.581) RECONCILIATION OF FUNDS Total futth brought fonward 22,￿3 24.979 47,882 TOTAL FUNDS CARRIED FORWARD 22,401 900 23,301 Net Dwvement In fulld$ 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 uNre￿rICterf funds General fwid 34,636 129,5591 5,077 R¢$tricted fu￿d8 Zakat 1210 (2.110) {900) 35.846 {31,6691 4.177 Comp8ratiV¢s for movemeii Ill funds Net movement in funds At 3118122 At I￿nI Umrestricted fuDds 22.903 (502) 22,401 Restricted fuRds 24979 (24.079) 900 TOTAL FUNDS 47,882 (24,581) 23JOI Cotnparative n¢t I1x)v¢Ir￿1 in fut¥ts, includcd in th¢ above are as follow5: Resourtes expended Movement funds r¢sourees Unrestricted fwNIs Gen￿￿1 fimd 17.797 (18299) (502) RestrIct￿l tsnd$ 10.150 134229) (24.079) 27.947 152528) {24.581) continueLt.. Illope F•vlld*tknn Note5 to Éh¢ Flnwd#t SÉ*temettts- co*thiwed for the Y￿r 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 f￿ttd5 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 Limi￿1 and £12IKI from ABT Cafeteria Limtted. Tht trustee Mr B Aqil is the diTC¢tor of both Elanforest Ltmited ABT Cafclcria Limit￿1. The ctwity also received don*ioEJs 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 Flb*tsdal Acth4tks for the Year Euded 31 August 2023 3118113 3118122 INCOME AND ENDOWMENTS Donatlons alld Iwcies Donations 35.846 27,947 Total Incon￿ng resourfts 35,846 27,947 EXPENDITURE Rxlskng doD*tlon5 *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