MANY HOPES UK
A Charitable Incorporated Organisation
TRUSTEES’ ANNUAL REPORT
31 December 2023
TRUSTEES’ ANNUAL REPORT
Section 1 – Legal and Administrative Information
Charity name: Many Hopes UK also known as: MANY HOPES
Charity Commission reg. no.: 1193700
For the financial year starting: 1 January 2023 and ending: 31 December 2023
Charity’s principal address:
5 Red House Lane, Bristol, BS9 3RY
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 (Chair) Alice Nani Scott 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 four Trustees. Plans from 2022 were postponed to 2023 so it has been agreed that in 2024 it will be an aim of the charity to expand the board further to bring a wider range of independence and skills. It has been agreed either Gordon Leslie Scott or David Gordon Scott will resign in 2024.
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 2023 the charity continued the process of establishing itself and preparing ourselves to pay out grants in 2024. As the charity was formed as a CIO to take over the operations of Many Hopes (charity registration number
1132317), the final transitioning arrangements took place. The fundraising in 2023 has almost exclusively focused on transitioning existing regular donors from the old charity to the new charity.
No grants were paid out in 2023.
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 HARIV COMMI5510 FORENGi*JIDANDWAi Re¢8lpts and payments ac¢ounts CC168 1tosrouT3 Seclion A Receipts aiTrd payfiicnts nd¥ d¥ A7 li Iwty•w•ré JQA87 strfcl•dfund Endowmert Of Endo¥kn•rt fund•
21
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinorfs report on the accounts Section A Independent Examlner's Report R8POrt to the trU$lee Many Hopes UK mamb•Y8 of On accounts for tht yèat ended 3111212023 Charlty no lif any) 11937(x) S•t out on pag88 IMrMmb•r pggvnurnbEr3OfaddihDrsa&tsI I report to the tnJ8tees my 8xaTnination ofthe A)Unts ofthe above carily Ilhe Trust? forthe ye8r ended 3111212023. RponSIbl1tIQ$ and As tt ¢harfty Iruslees of the Trust, you are r8sponsiblefortl preparation basits of rèport ofthè account8 In accordance with the requirern8nts (lhe Ch8dts"88 Acl 2011 Ilhe Acl'l. I report in resFed of my ex?4n1natTr of Ihg TtUSt'8 accwnts carried ¢xrt under section 145 of the 2011 Act in carryiw out my examination, I ha¥8 followed Iha applica6 Dir8Ction8 gwen by the Chatity Commission under section 14515llbl of the Acl. I have coMpted my examlnaton. I confim that no material matteF8 havè coma to my attentKin lother than Ih8t disc105ed below") in cOnneCtn with the examination %vhich gries me cause lo lIeV& Ihat In, any material respect.. accounting records were not kept in a¢wrdance wrth section 130 ef th8 Act or the accounts do not a¢Id with the acwunting records Independent examinorfs statement I have no concerns and have CO auoss no olherrnattws in conneclion with the examination to which attention Shou tE drawn In ord¥to enable a proper understanding of the accounts to be reathed. . Pl88s& d81818 lh8 words In th8br8ck8ls rfffteydo not appty. Slgned.. A&il IL C Ll- lo R•lfyvant prote$8ional qualili¢8ilonl81 or body Ilf any).. FCII QHnofEIED fiLCOkNrA IIIEL141Q7 Address: rJ4 IER October 2018
Section B Dis¢losuro Only complete rfthe gxaminer needs lo hvJhlighl matters of con (see CC32. IndeperwJ6ni examination of charity accoun15. direGlion6 and guldance for examinersl Glve here bri¢tdetails of any Items that thè examlner wlsh•• to dlsclose No IER Octobgr 2048
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.
23/10/2024
David Scott Date Chairman