SHARE THE HOPE
TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS
for the period 23 June 2023 to 1 August 2024
Charity registered no: 1203712
SHARE THE HOPE LEGAL AND ADMINISTRATIVE INFORMATION
Details of Trustees during the year
Ammara A Rafique (Chairperson) (appointed 23 June 2023) Mohammad A Rafique (appointed 23 June 2023) Yasir Nawaz (appointed 23 June 2023) Anila Malik (appointed 23 June 2023) Shabnam Malik (appointed 23 June 2023)
Charity Registration Number
1203712
Charity Registered Office
The address of its registered office is 15 Brooklands Road, Birmingham, B28 8LA.
Independent Examiner
W Hussain – Chartered Accountant
Share the Hope (1203712)
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SHARE THE HOPE THE REPORT OF THE TRUSTEES for the period 23 June 2023 to 01 August 2024
The board of trustees present the annual report and accounts for year ending 01 August 2024. The board of trustees are satisfied with the performance of the charity over the period and its position as at 01 August 2024. The charity had an income of £51,921 during the period, which was all generated by donations. The board consider the charity in a position to continue its activities for the year ahead and believe the charity's assets are adequate to fulfil its obligations as they fall due.
Name, Charity Registration and Constitution
Registered Name: Share the Hope Formation Date: 23 June 2023 Registered Office: 15 Brooklands Road, Birmingham, B28 8LA. England. Registration Number: 1203712
Charity Objectives
The Charitable Incorporated Organisation’s (“CIO”) principal activity during the year and at the year-end was the prevention and/or relief of poverty in Pakistan and other parts of the world as the trustees see fit by providing grants, items and services to individuals in need, to prevent and/or relieve poverty. Further details can be found in note 4.
The CIO became active in the year and carried out charitable activities in line with its objective.
The board of trustees believe that the present level of activity will be sustained in the following year with further charitable activities.
Fundraising Activities
The CIO launched several appeals throughout the year for the charity activities. The board of trustees continue to promote the charity work through personal and professional networks.
Appointment of a Trustee
Existing trustees are responsible for the appointment of new trustees. New trustees with an interest in raising funds and promoting the charity's objectives may be appointed. Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.
The trustees are responsible for the general governance and management of the charity. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
The trustees give their time freely and receive no remuneration or other financial benefits.
The trustees meet as a body quarterly or as required to review the progress of the charity's activities.
Transactions and Financial Position
The financial statements are set out on page 6 (Financial Statements)
The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year as satisfactory.
Members of the Board of Trustees of the Charity for the period ending 01 August 2024 were as follows and have approved these financial statements
Ammara A Rafique (Chairperson) Mohammad A Rafique Yasir Nawaz Anila Malik Shabnam Malik
Share the Hope (1203712)
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SHARE THE HOPE THE REPORT OF THE TRUSTEES for the period 23 June 2023 to 01 August 2024 (continued)
Banker
LLOYDS BANK PLC. Branch: WESTMINSTER HOUSE. Address: Swansea OSC, Epona House, Pheonix Way, SA7 9HG
Independent Examiner
W Hussain, Chartered Accountant. Birmingham, UK.
Statement of Trustees’ Responsibilities
The charity trustees are responsible for preparing an annual report and 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 and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently
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observe the methods and principle in the charities SORP
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make judgements and estimates that are reasonable and prudent
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
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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 also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
Approved by the Board of Trustees on 18 May 2025 and signed on its behalf by:
A A Rafique M A Rafique Trustee Trustee
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SHARE THE HOPE INDEPENDENT EXAMINER’S REPORT
Report on the unaudited financial statements
This report is regarding the financial statements of the charity for the period 23 June 2023 to 01 August 2024 which are set out on pages 6 to 9.
Your attention is drawn to the fact that the charity has prepared the Financial Statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified chartered accountant.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and
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to state whether any 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. An 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 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 no opinion is given as to whether the accounts present a 'true and fair view'.
Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the charity's ability to continue as a going concern.
I have not identified any reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met, or
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to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
W Hussain Chartered Accountant 18 May 2025
Share the Hope (1203712)
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SHARE THE HOPE FINANCIAL STATEMENTS INCOME AND EXPENDITURE ACCOUNT for the period 23 June 2023 to 01 August 2024
.
| Note | Unrestricted funds Restricted funds Total 2024 £ £ £ |
|---|---|
| Income Donations 3 Net Incoming resources available Expenditure Charitable works carried out 4 Administrative expenses 5 Total Expenditure Net inflow of funds for the year Fund balance as at 23 June 2023 (Incorporation date) Funds balance as at 01 August 2024 |
51,921 - 51,921 51,921 - 51,921 (34,048) - (34,048) (99) - (99) (34,147) - (34,147) 17,774 - 17,774 - - - 17,774 - 17,774 |
All the charity’s activities derive from continuing operations during the period.
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SHARE THE HOPE FINANCIAL STATEMENTS BALANCE SHEET as at 01 August 2024
| Note | 2024 £ |
|---|---|
| Current Assets Cash at bank and in hand 6 Net Assets Unrestricted funds Total funds |
17,774 |
| 17,774 | |
| 17,774 | |
| 17,774 |
The financial statements on pages 6 to 9 were approved by the Board of Trustees on 18 May 2025 and signed on its behalf by:
| A A Rafique | M A Rafique |
|---|---|
| Trustee | Trustee |
Share the Hope Charity No: 1203712
The notes on page 8 to 9 form part of these financial statements.
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SHARE THE HOPE NOTES TO THE FINANCIAL STATEMENTS for the period 23 June 2023 to 01 August 2024
1. Accounting policies
Statement of compliance
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 (FRS 102) (effective 1 January 2015) - ( Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Share the Hope meets the definition of a public benefits entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
2. Trustees’ remunerations and expenses
No trustees, nor any person connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
3. Income
| ncome | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | Total 2024 | |
| £ | £ | £ | |
| Donations | 51,921 | - | 51,921 |
All income for the period was in the form of donations. Donations in the period ending 01 August 2024 amounted to £51,921. These donations were donated by the public and were either deposited directly into the charity’s bank account (£40,195) or donated as cash in hand (£11,725). The donors were able to specify which fund-raising project they wanted to donate to and their funds where then used for their intended projects. Further details of projects can be found in note 4 below.
4. Charitable works carried out during the period
All charitable project carried out were done so in Pakistan. The projects and the amount funded were as follows:
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a) Feeding and contributions to the poor amounted to c.£28,000 and were allocated to those most in need of financial support.
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b) Installation of water pumps and water filters in poverty-stricken areas amounted to £4,100.
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c) Items for disabled individual amounted to £700 and included items such as cycles and wheelchairs.
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d) Housing activities amounted to £600 and included a new door and construction of a tent house.
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e) Educational support amounted to £600 and included items such as white goods and repairs for schools, educational books and uniforms for those in need.
Share the Hope (1203712)
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SHARE THE HOPE NOTES TO THE FINANCIAL STATEMENTS for the period 23 June 2023 to 01 August 2024 (continued)
5. Administrative expenses
Administrative expenses were money exchange bureau fees paid to exchange Great British Pounds to Pakistan rupees and to transfer the funds to the trustee based in Pakistan to undertake the charitable projects mentioned above.
6. Cash at bank and in hand
Cash at bank on 01 August 2024 was £16,782 and cash in hand was £992. This was in the form of unrestricted funds. The main financial risk to the charity is loss of funding from reduced donations. The funds are held to cover 4 months operational costs in the event of a loss of income and to meet any unforeseen expenditure that may occur.
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