MANY HOPES UK
A Charitable Incorporated Organisation
TRUSTEES’ ANNUAL REPORT
31 December 2022
TRUSTEES’ ANNUAL REPORT
Section 1 – Legal and Administrative Information
Charity name: also known as:
Many Hopes UK MANY HOPES
Charity Commission reg. no.: 1193700 For the financial year starting: 1 January 2022 and ending: 31 December 2022 Charity’s principal address: 4 Rosling Road, Bristol, BS7 8SX The Charity’s Governing Document: The charity is constituted as a Charitable Incorporated Organisation with governing documents dated 15 February 2021
Trustees as at 31 December 2021:
David Gordon Scott (Chairman) Gordon Leslie Scott Victoria Hannah Thompson
Professional Advisers
Bankers:
Triodos Bank, Deanery Rd, Bristol BS1 5AS
The financial statements have been prepared in accordance with the Charities Act 1993.
Section 2 – Structure, governance and management
Trustees and Governance
The Board of Trustees currently consists of three Trustees. It has been agreed that in 2023 it will be an aim of the charity to expand this to four or five trustees to bring a wider range of independence and skills. It has been agreed either Gordon Leslie Scott or David Gordon Scott will resign in 2023.
Management
The Trustees are all responsible for the management of the Charity and each Trustee is on the Board that manages the affairs of the Charity. A chairperson is elected annually at the AGM of the Charity.
On appointment new Trustees are given a copy of the Trust Deed and a copy of the Charity’s latest report and statement of accounts. A register of the name and address of each Trustee and the dates on which their terms of office begin and end is kept by the Trustees.
All Trustees give their time freely and have not received any benefit in money or in kind from the Charity except that the Trustees are insured against claims or the costs of defence to a criminal prosecution brought against them as charity Trustees.
Objectives and Activities for the public benefit
The Objects of the charity are specified in the Trust deed as follows:
‘The relief of poverty, sickness and distress, the preservation and protection of good health and advancement of education among orphaned, abused, impoverished or enslaved children and adults by such means and in such parts of the world as the trustees shall determine.’
The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.
Section 3 – Activities and Achievements
In 2022 the charity was still in the process of being setup. The charity has been formed as a CIO to take over the operations of Many Hopes (charity registration number 1132317). 2022 has been a year of transitioning arrangements. The fundraising in 2022 has almost exclusively focused on transitioning existing regular donors from the old charity to the new charity.
No grants were paid out in 2022. The trustees have liaised with the old charity who has paid grants in 2022.
Section 4 – Policies
Reserves policy: In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.
The trustees propose to maintain the charity’s reserves at a level which is at least equivalent to six months operational expenditure in the light of likely funding streams.
Investment policy: The Charity’s reserves are currently held on deposit at our bankers, Triodos Bank.
Section 5 - Financial Statements CHAklTY COMMISSION ENGLANO ANO WA115 Recei ts and ments accounts CC16a Fotth• pld fr¢rn 0110112QT 21112120 Section A Receipts and payments Endowment ftsnd6 A1 R•¢ JDA76 In ARI Sub tot Sub totsl 14•io1rncolpt/lpayfftIj ASTrIf•Th b•trw••nlund chfvnth laity•ar•n& ¢•8h IwJd* Ihl$ywwd JD.IB7 JOJ
Section B Statement of assets and liabilities at thè end of the period EdOweTrl lund Iwds fund UTrMstrlth fundb R•Ktrfct4d EThdo*mvnt nd• nd 8dAEHts rfjl4ln•dforth• ch•rfty• own u B5LtsbMIII•• Prfnl 1W1012V2J
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Ex3tninÈr's Report R•porttoth6 trSt6&$I members 01 Many Hopes UK On o¢¢oun¢• for theyear grwlod 31112r2022 Charlty no Ilf any) 1193700 Set outon pages li0mbe{ ioiTrcludeltspwge ofaddl1onÈlshéS) I report lo the Iruslees on my exarninalion of the accounts of thè abe ¢harity (Yhe Trust.) forlhÈ year 3111212022. Rospon81blllllè8 arfd As the charty Iru8t8e8 of Iha Trust, you are reSp1e forthe prepardtion b•$lg of report of the accounts In accordwnce %vith the requiremtnt8 of th& Charilyds Aca 2011 1'th8 ACYI. I rèport in respect of my &xamination of the Trust's aount5 Garried (xrt under section 145 of the 2011 AGt and in Gatrying out my examination. I have followed ts ap1¢ab Directions given by the Chatity Cornmission undér section 1451Sllbl of the AdL. I have cnpleted my examiftation. I confimi that no materi81 rn8tters have come to my attention lolherthan th disclosed below'l in connection wrth the examination which gives rne rause to believe that in, any matsrial pect. accounting records were not kept in 8ccordanGewith seGtion 130 of tha Act or the accounts do nDt accord wrth the accountiro record8 Independent oxaminorf8 8tat8m8nt I have no concems and hav8 COM8 across no olher mattèrs in ¢xJnnectic) with the examination to whKJ) attention should tÉ drawn in orderto enab a proper understanding of the accounlsto be reached. . Heas8 de18t8 Ihtr words Ihe br&ckets rflh8ydo not apply. Slgnod= Narne: EIL FC• crfAnrE Ro18vant profe8slonal 4ualificationlsl or body Address: O RIVEllJbf Phh OWN rJ IER OBtobFr 2018
Section B DisGlosure Only complete rf the examinar needs lo high1ht Matters of concem15ee CC32. Independent exarninalion of charity acwJnls'. directions arKI guidance for examiner51. Give bv£&f detall3 of any items thatth oxamlDorwish¢s to disGIots&. Ivohe IER October 2018
Section 6 – Signature and Declaration
Declaration:
I declare, in my capacity of charity trustee, that the Trustees have approved the report above and have authorised me to sign it on their behalf.
26/10/2023…………………………………..
………………
David Scott Chairman
Date