Charity number: 1182906 THE HOPE APPEAL UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024
THE HOPE APPEAL CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Trustees. Responslbllltles Statement Independent Examiner's Report ststement of Financial Activities Balance Sheot 10 Notes to the Financial Statements
THE HOPE APPEAL REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 FEBRUARY 2024 Trustees Mr A A Jaffar Mr N M Nasser Mr M F Sheikh Charlty reglstered number 1182906 Prlnclpal offlce 174 Penrose Avenue Watford WD19 SAH Accountants Barnes Roffe LLP Chartered Accountants 3 Brook Business Centre Cowley Mill Road Uxbridge Middlesex UB8 2FX Page 1
THE HOPE APPEAL TRUSTEES. REPORT FOR THE YEAR ENDED 5 FEBRUARY 2024 Introduction The Trustees psent their annual report together with the financial statements of the The Hope Appe81 for the from 6 February 2023 to S February 2024. This report reflects on the charity's activities, challenges, and 8spiralions for the futu. Despite venue challenges, the Hope Appeal has remained committed to addressing global needs and18ying the groundwork for sustainable Change. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their 8ccounls in accord8nce with the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Ireland IFRS1021 leffèclive 1 January 20191. Objectives and activities a. Polieies and objectives The Objectives as set out in the governing document for the Charity are as follows.. To advance in life and help young people through". lal the provision of recreational and leisure time activities provided in the interest of social welfare, designed lo improve their conditions of life," Ibl providing support and activities which develop their skills, capacities, and capabilities to enable them to partlClP8te in society as mature and responsible individu81s. In selling objectives and planning for aclivib'es, the Trustees have given due consideration to gener81 guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8 charity IP821'. b. Strategies for achieving objeetives 1. Integrated Community Health Provision: Establish community he81th programmes offering primary healthcare servIs, health education, and preventive care to improve over811 community well-being. 2. Microfinance Programs: Implement microfin8nce initiatives to provide support to beneficiaries, fostering economic development and self- sustainability. 3. Edueational Resources: Provide necessary eduealional resources, including books, technology, and qu81ified teachers, to ensure access lo quality education. 4. Water Infrastructure Development: Invest in water infrastructure projects to provide clean and safe water acsS. Page 2
THE HOPE APPEAL TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 5 FEBRUARY 2024 Objectives and activities leontinuedl c. Activities undertaken to achieve objeetives The Hope Appe81 has slralegically engaged in robust fundraising initiatives, c8Pitalizing on the broad scope of the SKY platform, and harnessing the power of online campaigns. Additionally, the org8nEation has orchestrated compelling national road shows, not only as a means of fundraising but also to aelively foster community engagement and support. Aehievements and performance The Hope Appeal continued lo support vulnerable communities in meaningful ways, focusing on orph8ns, widows, povety alleviation, and post-disaster recovery. a. Support for Orphans Supporting orphans remained a top priority in 2023, with efforts focused on both immediate assistan and long- term opportunities. The charity provided food, clothing, and safe living environments for orphaned children. Education was a key focus, with funds allocated lo ensure access to schooling and other educational resources. This investment in educatson is critscal for empowering orphans lo build successful and Independent lives. b. Support for Widows The Hope Appeal provided targeted aid to widows, addressing their specific needs and helping to restore stability and dignity. c. Alleviation of Poverty Alleviating povety is central to the Hope Appeal's mission. In 2023, the focus remained on immediate relief, including the distribution of food baskets in the remote areas of Tanzania and other regions. Aspirations for sustainable development, such as supporting small businesses and skills training, are part of the charity's long-lerm vision to foster self-relianTr within vulnerable communities. d. Post-Disaster Recovery in Turkey Following the earthquake in Turkey, the Hope Appeal contributed to recovery efforts, supporting communities in their journey to rebuild and regain stability. Page 3
THE HOPE APPEAL TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 5 FEBRUARY 2024 leontinuedl e. Humanitarian Relief in Gaza In response to the hum8nilari8n crisis in Gaz8, the Hope Appeal provided vital aid to displaced families, including shelter and medical supplies. The charity remains commilled lo exploring ways to support long-lerm recovery and s18bility in the region. Challenges in 2023 - 2024 The cessation of live fundraising shows on the Sky p18tform resulted in a dip in revenue, prompting the charity to consider innovative fundraising strategies for the future. Plans for 2024- 2025 The Hope Appeal will prioritise leveraging social media outreach to connect with a wider audience and enhance fundraising efforts. This approach will allow the charity to share its mission, highlight the imp8cI of its work, and inspire greater support. Additionally, the trustees aspire to expand efforts in sust8in8ble development, including further support for the education of orphans and empowerment programmes. Building resilience within disaster-affected communities will also remain a focus, ensuring that e0Very efforts have 8 lasting impact. Conclusion The Hope Appeal's work in 2023 has been marked by a steadfast commitment lo immediate aid and aspirations for sustainable change. By addressing uryent needs while planning for the future, the charity continues to make a meaningful dIffenCe in the lives of the most vulnerable. The Iruslees look forward to building on this foundation in 2024, with renewed energy and innovative stmtegies to support those in need. Financial review a. Going coneem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to eontinue in operational existence for the foreseeable futu. For this reason, they continue lo adopt the going eoncern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going COnM basis can be found in the accounting policies. b. Reserves policy The Charity maintains reserves of £5,000 for emergencies. This is deemed sufficient because the work undertaken by the Charity (such as financial management and fundr8isingi is done so by volunteers and the Board of Trustees. Page 4
THE HOPE APPEAL TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 5 FEBRUARY 2024 Structure, govemance and management a. Constitution The Hope Appeal is a registered charity, number 1182906, and is eonslituled under a Memor8ndum of Association. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memomndum of Association. Approved by order of the members of the b08rd of Trustees on and signed on their beh81f by". 03-Dec-2024 Mr AA Jaffar Page 5
THE HOPE APPEAL STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 5 FEBRUARY 2024 The Trustees are responsible for preparing the Trustees, Report and the financi81 statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally AcpIed Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP 2019 IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Memorandum of Association. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on and signed on its behalf by.. 03-Dec-2024 Mr A A Jaffar Page 6
THE HOPE APPEAL INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 FEBRUARY 2024 Independent Examinerfs Report to the Trustees of The Hope Appeal {'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 February 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACYI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent examinab'on. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Page 7
THE HOPE APPEAL INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 5 FEBRUARY 2024 This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not a¢p1 or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Dated.. 03-Dec-2024 Simon Carr Barnes Roffe LLP Chartered Accountants 3 Brook Business Centre Cowley Mill Road Uxbridge Middlesex UB8 2FX Page 8
THE HOPE APPEAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 FEBRUARY 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 96,887 96,887 135,510 Total income 96,887 96,887 135,510 Expendlture on: Charitable activities 49,784 49,784 125, 782 Total expenditure 49,784 49,784 125, 782 Net movement in funds 47,103 47,103 9,728 Reeoneiliation of funds.. Total funds brought forward Nel movement in funds 9,728 47,103 9,728 47,103 9,728 Total funds carried forward 56,831 56,831 9,728 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 16 form part of these financial statements. Page 9
THE HOPE APPEAL BALANCE SHEET AS AT 5 FEBRUARY 2024 2024 2023 Note Current assets Bank and cash balan$ 59,331 12,228 Creditors.. amounts falling due within one year 12.5001 (2,500) Net current assets 56,831 9,728 Total net assets 56,831 9.728 Charlty funds Unrestricted funds General funds 56.831 9, 728 Totsl unrestricted funds 56,831 9,728 Total funds 56,831 9,728 The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf 03-Dec-2024 Mr A A Jaffar The notes on pages 11 to 16 form part of these financial statements. Page 10
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 General information The charity is a registered charity, number 1182906, and is consliluted under a Memorandum of Association. Accounting policies 2.1 Basis of preparation of financial ststements The charity constitLJles a public benefit entity as defined by FRS 102. The 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practi. The Hope Appeal meets the definition of a public benefit entity Ljnder FRS 102. Assets and liabilities are Initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounb.ng policy. 2.2 Income All income is recognised once the Charity has entillemenl to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Donated services by volunteers are not recognised in the financial statements. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resourTrs. Expenditure on charitable activities is incurred on direclly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page11
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 Accounting policies Icontinuedl 2.5 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the selllement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anlicipales il will pay lo sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Slalement of Financial Activities as a finance cost. 2.6 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Donations 96,887 96,887 Unrestricted funds 2023 Total funds 2023 Donations 135,510 135,510 Page 12
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Funds distributed General expenses Awountancy fees 47,257 27 47,257 27 2,500 2,500 Total 2024 49,784 49,784 All expenditure related to the Charity's sole activity. Unrestricted funds 2023 Total 2023 Funds distributed 122,(X]1 681 122,001 681 General expense Accountancy fees 3,100 3,100 Total 2023 125, 782 125, 782 Independent examlner's remuneratlon 2024 2023 Fees payable lo the Charitys independent examiner for the independent examination of the Charity's annual accounts 2.500 2,500 Trustees. remuneration and expenses During the current and prior year, no Trustees received any remuneration or other benefits. During the current and prior year, no Trustee expenses have been incurred. Page 13
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 2.500 2,500 statement of funds statement of funds - current year Balance at 6 February 2023 Balance at S February 2024 Income Expenditure Unrestricted funds General Funds - all funds 9.728 96,887 {49,784} 56,831 There were no funds in the prior year. ststement of funds - prior year Balan at 5 February 2023 Income Expenditu Unrestrlcted funds General Funds - all funds 135.510 (125, 782) 9.728 Page 14
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 Summary offunds Summary offunds - current year Balance at 6 February 2023 Balance at 5 February 2024 Income Expenditure General funds 9,728 96,887 149,784) 56,831 Summary offunds - prior year Balance at 5 February 2023 Income Expenditurg General funds 135.510 (125, 782) 9.728 10. Analysls of net assets between funds Analysls of net assets between funds - current year Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year 59,331 12,5001 59,331 12,5001 Total 56,831 56,831 Anatysls of net assets between funds - prlor year Unrestricted funds 2023 Tot81 funds 2023 Current assets Creditors due within one year 12,228 (2,500) 12,228 (2,500) Total 9, 728 9,728 Page 15
THE HOPE APPEAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 FEBRUARY 2024 11. Related party transactions The Charity distributed funds of £Nil (2022 - £8,000) lo the Hope Appeal Limited, a company limited by guarantee, which is under the control of the Iruslees. Page 16