## HOPE FOR BETTER FUTURE LTD
**Annual Account and Report**
**2023- 2024**
## **LEGAL INFORMATION**
Name of charity: HOPE FOR BETTER FUTURE LTD Correspondence address : 258 The Stow Centre, Harrow Road, London, England, W2 5ES Contact Person : Ms Ahlam Ali SEID Company N0 : 12952171 Charity number : 1204616 Management Committee : 2023- 2024 Ms Ahlam Ali SEID : Chairlady Mr Elfateh Saad Alden ALI : Secretary Dr Ahmed Mukhtar GAMAL ELDIN : Treasurer Ms Sitel KENTABAI : Vice- Secretary Banker : Barclays Bank Plc
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## **Management Committee Report**
The management committee of the HOPE FOR BETTER FUTURE LTD is pleased to present the annual report and accounts for the period ended 31 October 2024.
HOPE FOR BETTER FUTURE is a voluntary organization established on **14 October 2020** to assist Women and Children from ethnic Minority Communities in Westminster, Hammersmith, Kensington, Chelsea and Lambeth.
The organization’s objectives are as follows:
The promotion of social inclusion for the public benefit among women and young people who are refugees and asylum seekers who are socially excluded on the grounds of their social and economic position, by providing:
1. education and training in the English language and in vocational skills;
2. raising public awareness of the issues affecting women and young people, both
generally and in relation to their social exclusion.
3. providing workshops, forums, advocacy and general support
4. social and recreational facilities and events involving the local community
## **Activities for the period 2023 -2024**
- We delivered parenting skills for 19 young couple which improved their knowledge about how to bring their children up and be good parents.
- Our advice, information and referral services on housing, welfare benefit education, enabled 39 women to access services and make informed choices.
- We have supported about 11 families who faced financial crisis by food and domestic items provision.
- The organisation employment advice and debt services supported 14 women to improve their employability chances. Seven of them have been able to secure part and full employment.
- The organisation’s supplementary education and homework clubs benefited 13 children. The programme enabled users to improve their achievement at school and passe their exams.
- The organization delivered befriending services for 21 older women which helped reduced isolation and loneliness.
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## **Plan for 2024-2025**
1. The organization will increase its advice and referrals sessions to be able to support about 38 new users in need of education, training and welfare benefits entitlement.
2. We will assist this year about 22 young couples to improve their parenting skills
3. We will continue to deliver more employment skills sessions to support local women to get jobs. We anticipate helping about 15 unemployed women.
4. We will increase support to families especially single and teenage mothers through education and training. We anticipate supporting about 26 users.
5. The organization will increase assistance to about 33 older women in the local area to reconnect them to the community and reduce their isolation and improve their mental health.
6. Our supplementary education and homework clubs will assist about 22 children to improve their achievement at school.
7. We will continue to assist 26 households affected by the rising cost of living.
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## **Trustees’ responsibilities**
Charity law requires trustees, to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the company and of the results of the company at that period. In preparing those financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently
- make judgments and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed, subject to any materials departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the charity Act.
They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps and detect fraud and other irregularities.
Ahlam Ali SEID - Chairperson
20/11/
Signed: ------------------------- Date:-----------------------2024
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## **Financial Statements for the year ended 31 October 2024**
## **Incoming Resources**
|**Sources**
**Note**
**Grants**
Big Lottery Fund
Wesminster Council
Amalgamated Charity
Fundaising
Donation
United Nation
Membership
Tesco
St Olaves & Saviour
Tesco
Groundwork
**Resources Expended**
Hire of venue
Trainers Cost
Travel & volunteer expenses
Telephone & internet
Printing and Stationery
Accounting & examination
Lunch & Refreshment
Publicity
Administration cost
Food & Essential Items
Transport
Equipment
**Resources Expended**
**Net surplus / Deficit**
Fund B/F
**Fund carried Forward**|**Unrestricted**
3500
2300
230
**6030**
200
300
650
**1150**
**4880**|**Restricted**
17600
**8600**
4800|**Restricted**
17600
**8600**
4800|**Restricted**
17600
**8600**
4800|**Restricted**
17600
**8600**
4800|**2024**
17600
8600
4800
3500
2300
230|**2024**
17600
8600
4800
3500
2300
230||**2023**
4000
4700
3000
310
2500
2500
3500
5400|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||**31000**
6300
9800
2800
940
470
1540
380
750
2760
660
1830|||**37030**
6300
9800
3000
940
470
300
2190
380
750
2760
660
1830||**25910**||
|||||||||5800
6950
2700
1900
580
300
180
350
560
3300
3100
0||
||||**28230**|||**29380**||**25720**||
|||||||||||
|||||**2770**|||**7650**
1850||**190**
1660|
|||||||||||
|||||||||||
||||||||**9500**||**1850**|
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**----- Start of picture text -----**
Balance Sheet as at 31 October 2024
**----- End of picture text -----**
||**Balance Sheet as at**|**31 October 2024**||
|---|---|---|---|
|||**2024**|**2023**|
||Note|||
|Fixed Assets||||
|Tangible assets||0|1200|
|Current assets||||
|Cash at bank||9500|650|
|Current Liability||||
|**Total net assets**||**9500**|**1850**|
|**Funds**||||
||Unrestricted|4880|800|
||Restricted|4620|1050|
||**Total**|**9500**|**1850**|
~~Signed on behalf of the board of Director~~ s Ahlam Ali SEID 20 /11/ Signed: ----------------------------------Date:----------------------------2024
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Notes to the accounts for the year ended 31 October 2024
## 1 . **Accounting policies**
a) Basis of accounting policies
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed assets investments at market value, and in accordance with applicable accounting standards and follow the recommendation in the statement of recommended Accounting and Reporting Practice by charities.
b) Grants
Grants are recognized in the statements on accrual basis following the satisfaction of any pre-conditions
## c) Expenditure
Expenditure is recognized on accruals basis.
## d) Reserve policy
The organization reserve policy is to retain 3 to 10 % of its unrestricted fund beyond its financial year to keep the organization running. This depends on the financial condition of the organization.
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## **Independent Examiner’s report to the Trustees**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting applicable Accounting Standards and the Charity Act 2011
## Responsibilities of the Trustees
The trustees and the Management Committee are responsible for the preparation of the accounts and that you consider the audit requirements of the charities Act 2011. It is my responsibilities to state on the basis of procedures specified in the directions given by Charity Commissioners whether particular matters have come to my attention.
## Basis of my examination
The examination of the accounts was carried out in accordance with the general directions given by the charity commissioners. The examination includes:
- A review of the accounting records kept by the charity
- A comparison of the accounts presented with those records made available
- Consideration of any unusual items and disclosures in the accounts
- Assessment and significant estimates and judgments made in preparation of the financial statements
- Examination of evidence relevant to the amount of disclosures in the financial statements
I planned and performed my investigation so as to obtain all the information and explanations which I consider necessary in order to provide me with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements whether caused by fraud or irregularity of error. In forming my opinion I also evaluated the adequacy of the presentation of information in the financial statements.
## **Opinion**
In my opinion the financial statements as prepared give a true and fair view of the charity state of affairs as at 31 October 2024 and the incoming resources and their applications in the year ended have been properly prepared in accordance with general directions given by Charity Commissioners.
Beugre Jacques N’Douba J-Accountancy & Consultancy Limited 38 Richardson Court Studley Road 13/11/ London SW4 6RZ Signed: --------------------- Date: ------------------- 2024
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