Hope (Nl) Limited IA company limited by guarantee. not having a sharg capital) The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the Lsnaudited financial statements for the financial year ended 30 June 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities-. statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recornmended Practice {SORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Hope (Nl) Limited present a summary of its purpose, governan, activities, achievements and finan$ forthe financial financial year 30 June 2023. The company is a registered charity and hen the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisation has implemented its recommendations where relevant in these financial statements. Principal Activities The principal activity of this organization is to promole the advancement of the Christian faith throughout the world. The charitable company is limited by guarantee and does not have any share Gapital. Trustees The trustees, who are also the directors of the charity. at the date of this report are listed below .' Leonard Adamson Andrew Loney (resigned 13h December 2023) Iris Loney Wilson Freebum Paul Thompson In accordanGe with the Articles of Association. the directors retire by rotation and being eligible, offer themselves for re- election. Objectives and Activities The company was established to promote the advanment of the Christian faith throughout the world. to promote the relief of poverty and suffering through the provision of humanitarian aid and finance to those in need in various parts of the world, and to promote various community projects on a regional basis.
Hope (Nl) Limited (A company limit9d by guarantee. not having a share capital} Achievements and Performance Financial Aid The charity has continued to Lrtilize the surplus from its activities in Northern Ireland to support and encourage the Chrislian faith both locally and overseas. We are very thankful for all the support and assistance provided by the community around our charity shop in Lurgan and look forward to developing and expanding the community relationships in the Lurgan area in the future. We rely totally on donations of clothing, toys, furniture, and bric-a- brac which we can Ihen sell to fund our mission work. We are also very grateful to all the volunteers who help us with all our day-to-day activities. The charity has donated £71,881 to overseas ministries in Myanmar and Ukraine and £13,263 to local partner organisations durrng the current financial year. The Trustees are committed lo provide continued support to these overseas countrres in order to meet its objectives in future years. Hope Charity Shop T•243aJ4 I)LEASF DUNATE IÈ LOLLEcr Below are projects that Hope (Nl) continue to support financially and some infomation about our partners and what they do both home and abroad.
Hope (Nl) Limited IA company limltsd by guarantee, not having a share capltal) Pjlyanmar Children's Home Wilh the conflict. civil unrest, and war within Myanmar our partner in the work decided lo build a school to offer education in a safe environmenl within Hope's grounds, they not only educate the kids from Hope but also from the local area. We at Hope have continued to support the kid's welfare and edurAtion in 2022123 and have already ommitted to a further building project in 2023124 See some of the building work undertaken and classrooms full of kids.
Hope (Nl) Limited IA company limited by guarantee. not having a share capital) Ukraine We have partnered with two ministries in past years and just before the war in Ukraine Hope passed a resolution to support Pastor Sergei from Nova Kakhovka, we funded a minibus that became essential in the help of food and aid when the war broke out. The minibus was also used for carrying passengers away from the war zones. We increased our support significantly this year to Paslor Sergei and his church to support local mission and church. STANLEY Anya Verenych- Kherson In the Kherson area Anya has been working with ladies and their children in a crisis centre. providing counselling and practical care and support_ Anya has been a friend of Hope Mission for many years and has been the interpreter when Hope have visited. Hope has provided funds for Anya to run Christmas programs with the locals and when the war slarted in Ukraine Hope continued to fund the programs and provide humanitarian and medical supplies and care.
Hope (Nl) Limited (A company limlted by guarantee, not having a share capltall Hope believe the funding strategy this year has been very strategic and direded by the Lord with Hope providing substantial aid to Iwo war tom countries. Some local partners *aspire Aspire Nl exists to wort( with children in Northem Iland in poverty to help closg the educational attainment gap that exists belween rich and poor. The sessions offer a place foryoung people to woth in a supeNised and supportive envimnment afterschool. They provide facilitato who encourage the young people and provide them with support. At Christmas Hope provided a one-off donation along with the monthly support to help the charity through the Christmas period. Hope feels called to partner with Aspire who have a vision for each child in Northem Ireland to attain a least 5 GCSE'S regardless of their social background. reach Reach provides free mentoring to kids of school age and joumeys with them on a weekly basis to help unleash their potenlial. The young person is referred to REACH by the school for a variety of reasons. such as anxiety, behavioral issues or difficult life circumstances, they are matched to a trained mentors, who meets with them on a weekly basis and helps them identify goals and they celebrate successes together. Again. Hope value this work in the Irves of young in the LurganlCraigavonlPortadown area and that is why we support REACH. Cralgavon Youth for Christ Craigavon Youlh for Christ is a faith-based organisation passionate about meeting the needs of the young people in the Craigavon area and helping Ihem be all that they were created to be. Like Aspire and Reach, Craigavon Youth for Christ work with young people in the community offering programs and help to young people who are struggling. Hope 15 committed lo organisations and charities that endeavour to make p051tive change in the lives of both young and old - Helping Oppressed People Everywhere. Reserve Policy The aim is to achieve a level of free reserves of £35,000, which the Trustees believe is essential to the ongoing work and arsof the charity. Free reserves are those unrestricted reseNes. not designated nor invested in fixed assets which areavailable for general use.
Hope (Nl) Limited IA company limited by guarantee, not having a share capit) Flnanclal Results The charity generated a defictt of £8,270 after depreuation in the current financial period. It ha5 and will continue to be a very challenging environment for all chartbes in Northem Ireland, but the Trustees are confident that they can maintain the cuent level ofreserves over the next tsvelve months and have a financial and business plan in place to help them achieve this given the continued uncertainty faced by everyone with the ongoing c05t of living crisis. At the end of the year. the company has assets of £138,433 (2022-£148,0631 and liabilities of £2.293 {2022-£3,653). Ther&assets of the company have decreased by £8,270 Publ1¢ Benefit In settrng our objectives and planning our activibesforthe yearthe trustees have given ¢arefiJl consideration tothe Charity Commission for Nothem Ireland's statutory guidance on public benefit to ensure that the a¢tivitieshave helped achieve the charity purpose and provide a benefft to the beneficiaries. In accordance with the Articles of Association, the directors retire by rotatlon and, being eligible, offer themselves for re-election. Compllance Sectorwide Legislalion and Standards The cornpany engages pro-actively with legislation. standards and codes which are developed forthe se¢tor. Hope (Nl) Limitsd subscribes to and is compliant wrth the following= The Companies Act 2006 The ChaTibes SORP (FRS 1021 Approved by the Board of Trustees on 13th December 2023 and signed on Its behalf by: onard Ada son Irls Loney
Hope (Nl) Limited (A company limited by guarantae. not having a sharè eapttal) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finarrcial year ended 30 June 2023 The trustees. who are also directors of Hope (Nl) Limited for the purposes of company law. are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the direGt015 trt prepare financid statements for each financial year. Under that law the trustees have elected to prepare the financial statsments in accordance wtth United Kingdom Generally Accepted Accounting Practice (United Ktngdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporbng Standard applitrable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve the finanual statements unless they are satisfied that they give a true and fair view of the state of affair5 ofthe company and of the surplus or deficit of the company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistenly., make judgements and estimates that are reasonable and prudent., state whether the financial statements have been prepared in accordance wtth the relevant financial reporknng framework. identify those standards. and note the effect and the reasons for any material depathre from those standards" and prepare the financial statements on the going concem basis unless it is inappropriats to presume that the company will continue in operation. The bustees confim that they have complied wilh the above requirements in preparing the financial ststements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the companS transactions and disdose with reasonable accuracy at any time the financial posikn.on of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaTilies. Approved by the Board of Trustees on 13th December 2023 and slgned on Its behalf by: Leonard A amson Irls Loney 10