Real Hope Limited For the year ended 31 October 2023 Directors. Report The directors present their report and financial ststements for the year ended 31 October 2023. Reference and adminislralive information set out on page 1 fonns p8rt of this report. The financial statements comply with current statutory requirements. the Memorandurn and Articles of Assoclation and the Statement of Recommended Practice Accounting and Reporting by Charities (effective from January 20191. Principal activities The companys principal activity during the year continued lo be to assist underprivileged children in Romanian orphanages and families who live in poor conditions in Romania. Objectlves and a¢tlvities Real Hope is a Christian charity whose main objects are= To show the love of Christ and lo assist the needs of socially deprived children from orphanage background and families in poor conditions in county Brasov. Romania by,. 1. Providing accommodation for children over 14 years of age Ifrom orphanage background) in order for them to attend day school and lo avoid the abuse that Is in the boarding 8ccommodation; 2. Build and maintain staffing needs, of a purpose built 12 bedroom home for children and adolescents leaving the care system. This will be a long term commitment: and 3. Assist families by providing food, clothing. and shelter as their p8rsonal needs require. A¢hlevements and performance The charity conlinued to run the self-susiaining farm, "Maudie's Fam", near Brasov where young men can live and work in a safe and supportive environment. The farm has four lemporary accommodations units but fund raising continues to allow the construction of a permanent building wllh addib'onal accommodation and facilities. Plans for the future The charity will continue to develop the skills of the men livlng on the farm and worf< to provlde them a small incorrie from the sale of farm produce. The charity will also seek to improve the farm facilits'es. Public benefit Th8 charity's objects are specifically restricted to th& following.. To assist underprivilegod ¢hildren in Romanian orphanages and families who Ilve in poor conditions in Romanla. Governing document The organisation is a company with charitable statsjs. The charity was incorporated on 10 October 2014. The company was es18blished under Memorandum & Artlcles of Association which outlined the area of benefit and the objects of the charitable organisation. Risk management Th8 directors have a risk management strategy which consists of establishing a system of identrfying risks and mitigating such risks. Financial Teview The results and perfom)ance for the year of Real Hope Limited are summarised in the enclosed financial statements.
Real Hopè Limitsd For the yoar ended 31 OGtvbor 2023 DireGtors' Roport Rgservos polioy It is the p¢Jlicy of the charity Ihat unrestricted funds that have not been designated for a specific use should be maintained at a level equivalent to two morrths, expendituie. The trustees consider that reserves at this level will ensure that, in the event of a drop in income. théy will be able to continue the chartirfs current activities while additional funds are ralsed. Stat•mBnt of r•sponsibiliti09 of the trustgps The trustèas, who are also directors of the chattty for lh8 purposes of company law, are responsible for preparing the directors, report and nanCIal sttteTnents in arLordance with applicable law and United Kingdom Accuunting Standards, including Financia Reporting Standard 102.. The Financial Reporttng Standard applicgble in the UK end Republic of Ireland (UK Generally Accepted AcLounting Prac*'cel. Company law requires the trustees to prepare finanaal statements for each financial year. which give a true and fair view of the state of affairs of the charty and of the incorT]e and trxpenditure of the charity for that period. In preparlng th¢se financial ststements the trustses are require¢J to.. select suilable accounbng poliGies and then apply thern consistently,. observe th2 methods and prinaples in the Charities SORP., mgke judgement5 and accotJnting estimates that are reasonable and prudent state whether applicable UK accounting standards and statements of recommended practice ave been followed, subject to any material departure5 disdosed and explained in the financial ststements; ond prepare the financial statements on the going Goncem basis unless It 15 inappropriate to presume that the charity wll continue in operation. The trustees are responsible for keeping proper aGcounts'rLq records which disclose wtt) reasonable accuracy at any time the financial position of the charity and which enable them to ensurè that the rinancial statements compty th the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the eharity ar hen for taking reasonable steps for the prevention and detection of fraud and other irregularrt¥es. The trustses are rosponsiblo for the maintenan¢e and iTrtegrlty of the corporate and finanesal Inforrnatson included on the charitable company's website. Legislation in the United Kingdom governing tre preparatton and dlssemination of financial statements may differ From legislatlon in other jurisdictions. The trustees are members of the charity btrt this entFlles them only to votrng rrghts. The trustee have no beneficial interest in the charity- Approved by the trustees on 28 August 2024 and signed on their behalf by rt~Cco£- 2É( y(2oLtr Trustee