THE HOPE INITIATIVE UK CIO TRUSTEES REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2025 CHARITY REGISTRATION NO: 1202011 ## THE HOPE INITIATIVE UK CIO ## CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 ## CONTENTS |Reference and Administrative Details|3| |---|---| |Independent Examiner's Report|4| |Report of the Trustees|6| |Statement of Financial Activities|11| |Statement of Financial Position|12| |Notes to the Financial Statements|13| THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 ## LEGAL AND ADMINISTRATION INFORMATION CHARITY NAME THE HOPE INITIATIVE UK CIO CHARITY NUMBER 1202011 TRUSTEES Helen Ayo Sonoiki - Chair Michele Jones Ayo Olaniyan Yetunde Banjoko REGISTERED OFFICE Office 4 219 Kensington High Street London W8 6BD INDEPENDENT EXAMINER Nathan Grace Ltd Suite 12, 548-550 Elder House Elder Gate Milton Keynes Buckinghamshire MK9 1LR THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 ## INDEPENDENT EXAMINER'S REPORT I report to the trustees on my examination of the financial statements of THE HOPE INITIATIVE UK CIO ('the charity') for the year ended 31st March 2025. ## **Respective responsibilities of trustees and examiner** The trustees of the Charity are responsible for the preparation of accounts. They consider that the audit requirement under section 144(2) of the Charities Act 2011 does not apply. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act. - Follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. - State whether particular matters have come to my attention ## **Basis of Independent Examiner's report** My examination was carried out in accordance with the general directions given by the Charity Commission. The examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - 1 - which gives me reasonable cause to believe that, in any material respect, the requirements - To keep proper accounting records in accordance with section 130 of the Charities Act 2011; and THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 - To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or 2 - to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. …………………………………. 30th of November 2025 Mr Olufemi Oyetunde(FCCA) Nathan Grace Ltd 6 Homestead Lane Buckingham MK18 2R THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 ## TRUSTEES REPORT ## **Governance and Management** The Charity is a Charitable Incorporated Organisation (CIO) registered on 20th February 2023. ## **Trustees:** - Helen Ayo Sonoiki (Chair) - Ayo Olaniyan - Michele Jones - Yetunde Banjoko The Trustees hold meetings via google hangouts to oversee the charity’s operations, monitor performance, and ensure effective governance. The key updates and supporting documents are maintained on a shared drive accessible to all Trustees, while interim email communications ensure that Trustees remain fully informed between meetings. ## **Objectives and Activities** The Hope Initiative UK CIO was established with the objective of improving the health and wellbeing of individuals and families who are in need, experiencing hardship, or affected by ill health or domestic abuse. In furtherance of these charitable purposes, the charity provides a range of essential support services, which include: - The operation of a virtual food bank and distribution of food boxes - Advisory and signposting services to direct service users to professional organisations - Basic coaching and mentoring sessions to promote resilience and self-sufficiency - Access to online information resources and service directories THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 ## **Public Benefit Statement** The Trustees confirm that they have complied with their duty under Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit, _“Charities and Public Benefit.”_ In planning and carrying out the charity’s activities, the Trustees have ensured that the charity’s aims are carried out exclusively for the public benefit. ## **Charitable Activities** The main features of the charity’s work involves the provision of Service User Packages, consisting of essential items and resources supplied to service users through collection and delivery arrangements. The charity’s activities are specifically structured to relieve need and hardship, protect and preserve good health, and enhance wellbeing among its service users. These are achieved through: - Distribution of food and other essential items - Support services for survivors of domestic abuse - Advisory and signposting initiatives - General coaching and mentoring programmes - Delivery of online resources and awareness campaigns The Trustees continue to monitor the effectiveness of these activities to ensure they deliver measurable public benefit and operate within available financial and resource constraints. The charity remains committed to efficient delivery, sound financial stewardship, and continuous improvement in the quality and impact of its services. ## **CURRENT PROJECTS** ## **Community Support Services** The charity delivers a range of community-based initiatives designed to relieve hardship and promote wellbeing among vulnerable individuals and families. THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 **The Food Box Hub** provides essential food support through the distribution of food vouchers and prepared food boxes. Vouchers are issued via text message or email and can be redeemed at local supermarkets, while food boxes are packed and made available for collection or delivery by service users who request them through referral forms. This service plays a key role in addressing food insecurity and ensuring that beneficiaries have consistent access to essential groceries. **Boxes for Local Refuges** extends the charity’s support to individuals and families residing in local refuges. The initiative includes the regular provision of boxes containing food items, vouchers, clothing, and toiletries. In addition, the _Back to School Project_ supplies children with new school uniforms, bags, lunch boxes, and stationery, helping to promote dignity and stability during challenging times. Through these initiatives, the charity continues to provide practical, responsive, and compassionate support to those most in need within the community. ## **Signposting and Advisory Services** The charity provides signposting and advisory support to ensure that service users have access to accurate information, appropriate guidance, and clear referral pathways to specialist organisations. The Advice Hub offers information on welfare benefits, general health and wellbeing, and directs beneficiaries to suitable local and national support groups. The Online Signposting Directory, hosted on _domesticviolenceuk.org_ , enables service users to locate specialist support organisations within a 5–100-mile radius. ## **Achievements and Performance** During the year, the charity delivered a range of impactful services consistent with its charitable objectives and commitment to public benefit. THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Key achievements include: - Successful delivery of food boxes, toiletry boxes, vouchers, school uniforms, stationery, clothes and other useful items meeting the needs of service users and families. - Provision of essential support services to survivors of domestic abuse through the boxes for refuge projects. - Expansion of advisory and signposting services, ensuring that service users adequate information for professional organisations - Positive feedback received from service users, partner organisations, and community stakeholders, demonstrating the continuing relevance and effectiveness of the charity’s work. ## **Funding and Resources** The charity is funded through: - One-off donations - Regular donations from supporters - Fundraising activities (e.g., _The TawaChillout_ , which supports us four times a year) - In-kind donations of food, clothing, and toiletries ## **Reserves Policy** The Hope Initiative UK currently operates with no financial reserves due to limited income. As a small charity focused on providing immediate support to vulnerable individuals and families, all funds received are promptly utilised to deliver essential services. However, we recognise the importance of building reserves to ensure long-term sustainability and the ability to manage unforeseen circumstances. We are actively developing strategies to increase income and establish reserves in the future. ## **Risk Management** - The Trustees regularly assess financial risks and have contingency plans in - place to manage potential funding shortfalls. - Transparent communication is maintained with stakeholders regarding our financial position. THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 - While we currently operate without reserves, the Trustees are committed to responsible financial management and are taking proactive steps to improve financial resilience in the coming years. ## **Related Parties** The charity has no subsidiary undertakings or direct relationships with other organisations. ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period …………………………………. 30th of November 2025 **Ayo Olaniyan Trustee** T **HE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2025** |**Unrestricted**
Note
**fund**
**INCOMING RESOURCES**
Voluntary Income
2
9,184
Total
9,184
£
**EXPENDITURE**
Charitable activities
3
8,217
**NET INCOME/(EXPENDITURE)**
967
**RECONCILIATION OF FUNDS**
Total funds brought forward
28
**TOTAL FUNDS CARRIED FORWARD**
995|**Restricted**
**funds**
-
-
£
0
0
-|**31/03/2025**
**Total**
**funds**
**£**
9,184
9,184
8,217
967
28
995|**31/03/2024**
**Total**
**funds**
**£**
8,577
8,577
8,549
28
28| |---|---|---|---| 8 T **HE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **BALANCE SHEET AS AT 31ST MARCH 2025** |**Notes**
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
4
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
**NET ASSETS**
**FUNDS**
5
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31/03/2025**
**Total**
**funds**
995
995
-
995
995
995
995
0
995|**31/03/2024**
**Total**
**funds**
778
778
(750)
28
28
28
0
995
995| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on the 30th of November 2025 and were signed on its behalf by: ….................................................... **Ayo Olaniyan - Trustee** 9 **THE HOPE INITIATIVE UK CIO CHARITY NO 1202011** **FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **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 can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** As a recognised charity, the company is exempt from Corporation Tax so far as it relates to its charitable objects. It is not, however, exempt from VAT, and irrecoverable VAT is included in the cost of those items to which it relates. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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. ## **2. INCOME FROM CHARITABLE ACTIVITIES** |**2. INCOME FROM CHARITABLE ACTIVITIES**||| |---|---|---| ||**31/03/2025**|**31/03/2024**| ||**£**|**£**| |Donations|9,184|8,577| 10 **THE HOPE INITIATIVE UK CIO CHARITY NO 1202011 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025** ## **3. EXPENDITURE ON CHARITABLE ACTIVITIES** |**31/03/2025**
**£**
Advisory Services
676
Campaigns
403
Equipment
41
Food Bank Vouchers
1,835
Freelancers
398
Fuel Bank Vouchers
104
Legal and professional fees
86
Office/General Administrative Expenditures
193
Service User Packages (Food Boxes, Refuge Boxes, Back To School Project)
3,603
Shipping and Delivery
248
Signposting Directory
454
Supplies
-
Training
176
Total
-
-
8,217
**4. TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' expenses
Expenses of £nil were re-imbursed to the trustees in the year.
**5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
**2025**
Charity employees
0
No employees received emoluments in excess of £60,000.
**6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31/03/2025**
**£**
Creditors
-
Deferred income
-
**12. MOVEMENT IN FUNDS**
**Unrestricted**
**Restricted**
**£**
**£**
At 31st March 2024
28
-
Net Movement in Funds
967
-
At 31st March 2025
995
-
There were no trustees' remuneration or other benefits for the year ended 31ST March 2024|**31/03/2024**
**£**
797
579
-
1,305
225
502
750
81
3,226
208
-
401
476
8,549
**2024**
0
**31/03/2024**
**£**
750
750
**31/03/2025**
**£**
28
967
995| |---|---| 11