REGISTERED CHARITY NUMBER: 1174299 Report of the Trustees Ungudited Financial Stalements for the Y¢ar Ended 31 Augusl 2024 for iHope FouDdatÈoii Cartwrights Chartered Aountants and Business Advisors Regency House 33 Wood Street Rxrnet Hertfordshire EN5 4BE
iHope Foundation Contents of the FinAnci#l Staternents for the Year Ended 31 August 2024 Page Report of the Trust¢e$ I to 2 Jndependent Ex4min¢r's Report Statement of Financial Activities Balattee Shttt Notes to the Financial Statements Detailed Statement of Financial Activlties 10
iHope Foundation Report of the Trusttes for the Year Ended 31 Allgllst 2024 The trustees present their report with the financial ststements of the charity for the year ended 31 August 2024. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Tlie cliarity's objectives remain to provide relief and support through food distribution, water provision and community development projects as deterniined by the tntees. During the year, activities were focused exclusively tn The Gambia, where we continued our food distribution and clean water access progrdmme5. helping thousands of families in need. In addition to these ongoing initiatives, the charity began construction of a n¢w Goi)ununity hub in Tli¢ Gambia. This fa¢ility is intended to serve as a base for future local projects and sustainable development efforts within the region. (No UK-based activities were undertaken during this financial year) ACHIEVEMENT AND PERFORMANCE During the financial year, the charity continued to deliver on its core obje¢tiv¢s of providing access to food and clean water for vulnerable communities in The Gambia. We successfully constructed 7 wat¢r tsps. ensuring acccss to safe and clean water for local residents. Alongside this, we distributed approximately 400 family food packs, each designed to support a household of four for an entire month. Each pack ¢ontained essential staple5 including 25kg of rice. 5kg of sugar. and 5 litres of oil. As in previous years, food aid was delivered through our liered support model. prioritising singl¢ mothers. widows. the elderly. orphans, persons with disabililies and low-income familie& ensuring our essistance rea¢hed those in the most need. This year also saw significant progress on our newest initiative. the construction of a community hub in The Gambia. Now in its final stages. the facility will s¢rve as a centre for education, vocational training. and other social development programmes aimed at uplifting th¢ local community. Trustees are scheduled to visit the site for final review and planning of upcoming activities linked to this hub. Throughout the year, the charity maintained direct trustee oversight for all projects. At least one trustee was present on the ground during each delivery phase, ensuring quality control, proper monitoring, and accountability at all sta8¢5 of implementation. STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning doeument Th¢ charity is a Charitable Incorporated Organisation (CIO) governed by a Conslitution dated 28 June 2022. REFFRF,NCE AND ADMINISTRATIVE DETAILS Kegistered Ch8rity Auftnber 1174299 Principal address Expressway, OITi¢¢: I.1 l Dock road London E16 IAH Trustees B Aqil Trustee O Haque Trustee Ms S Zaman Trustee (resigned 71812024) l J Bl)atti Tru¥too
IHope Fovndallon Report of the Trust¢¢s for tbe Yr Ended 31 Au2U8t 2024 REFERENCE AF4D ADMllYISTRATIVE DETAILS ldependt Exaffjiaer Cartwights Chartered Accoulltants and B115 Advisors Regew House 33 Wood Street Barnet HertfordshtsB EN5 4BE Approved ty (Ydpr of the board of tswte¢s on......... ..... ....... ... .. ............. and ¥191 on it• behalf ty. O Haqu¢- TTust¢¢
Independent Examiner's Report to the Trustees of iHope Foundation Independent examiner's report to the trustees of illope Foundation I report to the charity tteeS on my examination of the a¢counts of iHope Foundation (the Trust) for the year ended 31 August 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). J report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. JndependeDI examiner's stAtement I have completed my examination. I confirni that no material matters have come to my attention in connection with th¢ examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements conc¢ming the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I hav¢ no concerns and have come across no other matt¢rs in ronn¢ction with the examination to whi¢h attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Ahsan Khan Cartwrights Chartered Accountants and Business Advisors Regency House 33 Wood Street Barnet Hertfordshire EN5 4BE 2DL)
iHope FouDdAtion Statement of Finaneial Aetivities for the Year Ended 31 August 2024 3118124 Total funds 3118123 Total funds Unrestricted fund Reslricted fund Notes INCOME AIW END0WMErrS FROM Donations and legacies 25.135 25,135 35,846 EXPENDITURE ON Raising funds 6.742 6,742 4,285 Charitable activAties Sharing Wonders Food & Water Programme Bond e Shams 18.750 16,455 18.750 16,455 3,900 17,465 5,215 Other 791 791 804 Tot41 42.738 42.738 31,669 IYET INCOME/(EXPEIYDITURE) {17,603) (17.603) 4,177 RECOIYCILIATION OF FUNDS Total funds brought fonyard 27,478 27,478 23,301 TOTAL FUNDS CARRIED FORWARD 9,875 9,875 27,478 The notes fomi part of these financial statements
i ope Foundatio Bglanee Sheet 31 August2024 3118124 Total fuDd8 3118123 Total Ddg Unrestritled lknnd Restrlcted fvnd Note8 CURRENT ASSflS Cash at baok 9,875 9,875 27,478 NET CURRENT A&SETS 9,875 9,875 27.478 TOTAL ASSETS LESS CURR LIABIUTIES 9.875 9,875 27.478 NET Assrrs 9.875 9,875 27.478 Uw¢8tticd funds 9,875 27,478 TOTAL FUNDS 9,875 27.478 The financial statements w¢rB approved by the Board of TrusteeB and 4uthoristd for i$5ue on .,.......... . alld wert Signed on its bebalf b Haque. Tn The not¢5 forni part of ttwe fill411 st4l¢m
iHope Foundation Notes to the lancial Statements for the Year Ended 31 August 2024 ACCOULYfiNG POLICIES Basis of preparing the finattcial statements The financial statements of the charity, which is a publi¢ benefit entity under FRS 102. have been prq)ared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK And Republic of IrelaT]d' aTtd the Charities Act 201 l. The financial statements hav¢ been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount ¢an be measured reliably. Exp¢nditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probablc that a transfer of economic benefits will b¢ r¢quir¢d in s¢ttl¢m¢nt and the amount of the obligation Lan be mcasured reliably. Expenditure is accounted for on an accruals basis and has been Llassified under headings that aggregate all cost related to the Gategory. Where costs cannot be directly attributed to particular h¢ading5 they have b¢¢n allocated to activities on a basis consistent with the use of resources. Grants offered Subje to conditions which have not been met at the year end date are noted as a Commitment bLrt not accrued as expenditure. Taxatio The charity is ¢xempt from tax on its charitable activitie5. Fund aeeounting Unrestricted fijnds can be used in accordance with the charitsble objectives at the discretion of the trustees. Restricted funds can only bc used for particiilar restricted purposes within the objects of the ¢harity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Tru5tee5' expenses The travel expenses include £4,482 paid for th¢ Trustees travel for charitable projects. continued...
iHope Foundation Notes to tbe Fin8ncigl Statements- continued for the Year Ended 31 August 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrieted fund Total funds INCOME AND ENDOWMEwfs FROM Donations and legacies 34.636 1.210 35,846 EXPENDITURE ON Raising funds 4.285 4,285 Charitgble 8Ctivities Sharing Wonders Food & Water Programnie Bond e Shams 3,900 3,900 17,465 5,215 2.110 5.215 Other 804 804 Total 29,559 2,110 31,669 NET INCOMEI(EXPENDITURE) 5,077 (900) 4,177 RECONCILIATION OF FUNDS Total funds brought forward 22.401 900 23,301 TOTAL FUNDS CARRIED FORWARD 27.478 27,478 MOVEMENT IN FUNDS N¢t movement in fynd$ Al 3118n4 At 119123 Unrestricled funds General fund 27,478 (17.603) 9,875 TOTAL FUNDS 27,478 (17,603) 9.875 Net movement in funds, included in the above are as follows: Incoming R¢sour¢¢s Movement in cxpcndcd Unrestricted funds General fund 25,135 (42,738) (17,603) TOTAL FUNDS 25,135 (42.738) (17,603) continued...
iHope Foundation Notes to the Winancial Statements- continued for the Year Ended 31 August 2024 MOVEMEiYf IN FUNDS- tolltillued Comparatives for movement in funds Net movement in funds At 3118n3 At imn2 Unrestricted funds Generdl fund 22,401 5,077 27,478 Restri¢ted funds Zakat 900 (900) TOTAL FUNDS 23,301 4,177 27,478 Comparative net movement in funds, included in the above ar¢ as follows.. Incoming resources Resources expended Movement ill funds Unrestricted funds General fund 34.636 (29,559) 5,077 Restrieled funds Zakat 1,210 (2,110) (900) TOTAL FUNDS 35.846 (31,669) 4,177 A current year12 months and prior year 12 months combined positlon is as follows: Net movemefjt in funds At 3118124 At 119122 Unrestrieted funds General fund 22,401 (12.526) 9.875 Restricted funds Zakat 900 (900) TOTAL FUI¥DS 23,301 (13.426) 9,875 continued..
iHope FouDd*tion Notes to the Financial Statements - continued for the Year Ended 31 August 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months Combined net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 59.771 (72.297) (12.526) Restri¢t¢d fund$ Zakat 1.210 (2,110) (900) TOTAL FUNDS 60,981 (74.407) (13.426) RELATED PARTY DISCLOSURES During the year. the charity rcceived £4.000 from Elanforest Limited and £700 from ABT Cafeteria Limited. The trustee Mr B Aqil is the director of both Elanforest Limited and ABT Cafeteria Limited. The charity also re¢¢ived donations of £2.520 from trustee Mr O Haquc. £2.120 from Mr O Haque's wife, and £80 from Mr O Haque's sisters. The charity also received donations from the following trustees: Ms S Zaman Mr l J Bhatti 3,150 320 The charity paid travel expenses for chartty busInS of £1,222 For Mr O Haque, £2,711 for S Zaman and £549 for J Bhatti.
iHope Foundation Detailed Statement of FinaneiaI Activities for the Year Ended 31 August 2024 3118124 3118123 INCOME AND ENDOWMENTS Donations and legacies Donation5 25,135 35,846 Total iDeoming resources 25,135 35,846 EXPENDITURE Rgising donations and leg4cies Sundries Website cosls Volunteers, overseas travel 39 2,221 4,482 424 2,385 1,476 6.742 4,285 Cbaritsble aetivities Grants to institutions 35,205 26.580 Support costs FinAnee Bank charges 251 264 Govern8nce ¢ost$ Accountancy and legal fee5 540 540 Total resourc¢s expended 42,738 31,669 Net (expenditure)lincome (17,603) 4.177 This page does not form part of the statutory financial statements -10-