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2021-12-31-accounts

CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Connections of Hope Foundation

(Charitable Incorporated Organisation)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Charitable Incorporated Organisation Number: CEO 16603

Charity registration number: 1182162

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

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CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Dr Saeed Al-Ghadie (Chairman)
Mr Salah Taifoor
Mr Abdullah Al-Bagieh
Mr Abdul Hakeem Montague
Charitable Incorporated
Organisation Number: CEO 16603
Charity registration number: 1182162
Registered Office: Office 108B Building 3
Chiswick Park
566 Chiswick High Road
London W4 5AN
Independent accountant HRHS Accountancy,
41 Revere Way,
Epsom, KT19 9RQ
Solicitor’s name and address Lee Bolton Monier-Williams
1 The Sanctuary
Westminster
London SW1P 3JT

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

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CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Chairman’s Report:

The Board of trustees are pleased to present this Annual Report and financial statements for the Connections of Hope Foundation from 1[ST] January 2021 to 31[st] December 2021.

The main aims of the organisation in 2021 were to continue focusing on growth and governance policies and procedures. This meant to expand our work to all similar organisations and provide guidance and technical support in the areas of governance, compliance and risk management.

The Connections of Hope foundation has continued aiming to establish all policies and procedures related to its relationship with other entities. The following committees continued their work during the year 2021;

As the world recovered from the Covid-19 pandemic, the Connections of Hope foundations Trustees have continued pursuing a strategy of technical support to similar organisation. The aim continues to be that of fostering, empowering and promoting positive practises amongst organisations. This strategy continues to prove to be fruitful as many organisations benefited from the regular training and awareness sessions setup by the foundation.

The year 2021 has laid the foundation for 2022 to be a year of even greater impact for CoH expanding to supporting more organisations and therefore impact more beneficiaries.

I wish to express my sincere thanks to our Trustees, for their commitment and continued support to help develop the Foundation’s future priorities and shape our services across the communities that we aim to serve.

Dr. Saeed Al-Ghadie

1[st] October 2022

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 3

CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Vision and Mission Statement

The organisation will advance education and building bridges between communities by supporting organisations that aim to build awareness about Islam amongst communities.

Objectives

  1. The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.

  2. To advance the Islamic religion anywhere in the world for the benefit of the public through the holding of prayer meetings, establishment of religious places, producing and/or distributing literature on Islamic religion to enlighten others about the Islamic religion.

Background

The Connections of Hope Foundation was set up as a grant making organisation to provide funding, support and guidance to other organisations that have similar charitable objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Connections of Hope Foundation is a registered charitable foundation (CIO) under the Laws of England & Wales regulated by the Charity Commission. All members of the board are appointed and are committed to serving the Foundation by fulfilling their roles as Trustees in keeping with its constitution.

Currently serving trustees are:

Dr Saeed Al-Ghadi (Chairman)

Mr Salah Taifoor

Mr Abdullah Al-Bagieh

Mr Abdul Hakeem Montague

Induction of Trustees

All of our trustees are volunteers. They are chosen because they have the diverse range of skills, knowledge and experience that Connections of Hope foundation needs to respond to key challenges. Stakeholders and partners may nominate trustees, and sometimes we will make a personal approach to potential candidates.

To ensure that the charity benefits from a professional and dynamic board, trustees are provided with a comprehensive induction and on-going training in new or emerging areas of responsibility.

New trustees receive a full overview of the strategic and operational functions, which includes a copy of Foundation’s Constitution, Board Meeting Minutes and Charity Commission guidance “The Essential Trustee.”

Trustees play a significant role in the running of the charity and are always expected to keep up to date in the charity world this also includes keeping abreast of “Charity Commission News” and other updates as and when they appear on the commission’s website. They are also encouraged to help identify any gaps in their training needs.

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 4

CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Achievement and performance

During 2021, All technical committees continued to work with similar organisations in promoting and disseminating good practice in the areas of compliance and strategy. Awareness sessions were held and example policies were distributed to ensure that all areas of compliance were covered by the organisations that have been supported.

Key management personnel

Most administrative tasks were carried out by the CoH. The Board of Trustees meet at regular intervals to carry out reviews and take decisions and has the overall responsibility for all of Connection of Hope Foundations’ activities. In keeping with good practice the Board receives regular performance reports, annual financial reports, plans and budgets. It also approves relevant new policies and procedures.

The board of trustees have also contracted the consultancy support of professionals in the areas of compliance, risk management and strategy. This allowed for the organisation to serve its purpose even further by providing more specialised support and advice to similar organisations.

LEGAL & ADMINISTRATIVE INFORMATION

Charity Name Connections of Hope Foundation
Charity Number CIO Registration No: 1182162
Registered address Suite 6, 94 Fulham Palace Road, LONDON W6 9PL
Accountant’s name and address HRHS Accountancy
41 Revere Way
Epsom, KT19 9RQ
Solicitor’s name and address Lee Bolton Monier-Williams
1 The Sanctuary
Westminster
London SW1P 3JT
Banker’s name and address Barclays Bank
Hammersmith Branch
1 Churchill Place, London E14 5HP

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 5

CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees actively review the major risks to which Connections of Hope is exposed to on a regular basis, in particular those related to its operations and finances.

COVID 19 impact and Going concern:

COVID 19 continues to be the single most impactful factor effecting the organisation in 2021. Trustees continue to pursue a change of strategy for the organisation from grant making to a more technical and policy promotion strategy instead of financial growth. This continues to ensured the organisation would operate on a lean financial model with minimal costs.

Public Benefit

The Trustees confirm that they have referred to the Charity Commissions' general guidance on Public Benefit when reviewing and shaping the charity's aims and objectives. It is estimated that there are around three million Muslims living in the United Kingdom, many of whom have been born and raised in the U.K. Connections of Hope foundation aims to provide public benefit by supporting and making grants to organisations that serve communities in the UK and overseas.

Reserve Policy

Trustees have agreed on a reserve policy were at least 6 months worth of operational expenses will be available at the end of each financial year.

Financial review

Income and expenditure overview

The financial statements have been prepared in accordance with the accounting policies set out on the financial statements part of the report and comply with applicable laws and requirements of the ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ (Charities SORP (FRS102)) issued by the Charity Commission.

Total income for this period was £26,212. This is in comparison with the previous year where there was no income in 2020. This is because during year 2020 the charity did not have any financial activities due to COVID-19. The total expenses for the period were £19,654, this is a better financial performance in comparison to the year 2020.

Balance sheet, reserves and cash

There is a prepayment of £3,163 an advance payment for office rent, the charity has achieved a surplus of £6,558 and will continue to build up a reserve as per the reserve policy as secure unrestricted funds for any future uncertainty.

Growth & Expansion in 2022:

The Trustees have been pursuing funders and donors in 2022. This has yielded more support for the cause of the organisation and funding for the work of the organisation. It is aimed that in 2022, the foundation will pursue to expand its role in promoting operations excellence and full impact amongst beneficiaries.

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

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CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Trustees Responsibilities

Law applicable to charities in England and Wales requires Trustees to prepare financial statements for each financial year, which give a true and fair view of the Trust’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements that give a true and fair view, the Trustees should follow best practice and

The Trustees are responsible for safeguarding the assets of the Charity, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities. They are also responsible for keeping accounting records which disclose, with reasonable accuracy, the financial position of the Charityat any time, and which enable them to ascertain the financial position of the Charity and ensure that the financial statements comply with the Charities Act 2011.

Signed on behalf of the Board of Trustees on 1[st] October 2022.

Dr Saeed Al Ghadi

Chairman

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 7

CONNECTIONS OF HOPE FOUNDATION

REPORT OF THE BOARD

FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of financial activities (including summary income and
expenditure account)		 Statement of financial activities (including summary income and
expenditure account)		 Statement of financial activities (including summary income and
expenditure account)		 Statement of financial activities (including summary income and
expenditure account)		 Total
funds
to the
nearest £
26,212
-
-
-
-
-
26,212
-
19,654
-
-
19,654
6,558
-
6,558
Income and endowments
from:		 Unrestricted
funds
to the nearest
£
26,212
-
-
-
-
-
26,212
-
19,654
-
-
19,654
6,558
-

6,558		 Restricted
funds
to the
nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest
£
-
-
-
-
-
-
-
-
-
-
-
-

-
-
-		 Last year
to the
nearest £
Donations and legacies 26,212 -
Charitable activities - -
Other trading activities - -
Investments - -
Separatematerial itemof income - -
Other - -
Total Income 26,212 -
Expenditure on:
Raising funds - -
Charitable activities 19,654 -
Separate material expense item - -
Other - -
Total Expenditures 19,654 -
Net Movement of Funds
Reconciliation of Funds
Total funds brought forward
Total funds carried
forward
-
- - - - -

6,558		 - - 6,558 -

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 8

CONNECTIONS OF HOPE FOUNDATION

Balance Sheet

FOR THE YEAR ENDED 31 DECEMBER 2021

Section B Balance sheet Section B Balance sheet Section B Balance sheet
Fixed assets
Tangible asse
Investments
Total fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due
after one year
Total net assets or liabilities
Funds of the Charity
Endowment funds
Restricted income funds
Unrestricted funds
Total funds		 Unrestricted
funds
£		 Restricted
income
funds
£		 Endowment
funds
£		 Total this
year
Total last
year
£
£
- - - - -
- - - - -
- -
-		 -
-
3,163 - - 3,163 -
3,396 -
-
3,396		 -
6,558 -
-
6,558		 -
- - - - -
6,558 -
-
6,558		 -
6,558 -
-
6,558		 -
- - - - -
6,558 -
-
6,558		 -
- - -
-
-		 - -
6,558 6,558 -
- -
-		 -
-

The financial statements were approved and authorised for issue by the Board of Trustees on 1[st] October 2021 and were signed below on its behalf by:

Dr. Saeed Al-Ghadi

1[st] October 2022

The accompanying notes form part of these financial statements.

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

CONNECTIONS OF HOPE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS[FOR THE YEAR ENDED 31 DECEMBER 2021 ]

1. ACCOUNTING POLICIES

Basis of Preparation

T he financial statements have been prepared in accordance with 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) – (Charities SORP 2015 (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Connections of Hope Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going Concern

the Trustees consider that despite the impact of COVID 19 the Trustees consider the charity has adequate reasons to continue in operational existence for the foreseeable future, however, the trustees are keeping a close look at the increase in cost of living and how these could impact the financial support expected from its donors.

Income

All income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably.

Donations

Donations income is accounted where there is entitlement, probability and is measurable.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Value added tax

The Charity is exempt from VAT.

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

CONNECTION OF HOPE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Note 3

Note 3
Donations and Legacies Total Total
Unrestricted Restricted
2021		 2020
£ £
£		 £
Donations received in the UK 6,558 -
6,558
-
Gift Aid - -
-		 -
6,558 -
6,558
–
Note 4 2021 2020
Governance Costs £ £
Governance Costs 3,650 -
Professional fees 16,004 -
3,250 -
2021
 2020
Governance Costs £ £
Audit Fees 400 -
Legal fees 3,250 -
3,250 -

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN 11

CONNECTION OF HOPE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2021

Note 5 Cash at bank and in hand

Note 5 Cash at bank and in hand
2021 2020
£ £
Cash at bank and on hand 3,396 -
Total 3,396 -

Note 6 Debtors and Prepayments

Note 6 Debtors and Prepayments
2021 2020
£ £
Prepayments and accrued income 3,163 -
Other debtors -
-
Total 3,163 -

Note 7 Charity funds

Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds;

R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names Type PE,
EE R or
**UR ***		 Purpose and
Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Fund balances
carried
forward
£
Unrestricted Funds U N/A - 26,212 19,654 6,558
Total Funds
- 26,212 19,654 6,558

2. Staff Costs

The average number of employees for the year were – None

The trustees are deemed to be the key management personnel and are not remunerated for their services to the charity.

3. STATUS

The entity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales on 21[st] February 2019.

4. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

There are no related party transactions to report.

5. POST BALANCE SHEET EVENTS

No post balance sheet events

Office 108B Building 3, Chiswick Park 566 Chiswick High Road, London W4 5AN

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