Charity registratlon nurnber NIC107506 Company registration number N1638221 (Northern Ireland) EMILY PERU HOPE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 EMILY PERU HOPE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrj T Coates Mrs L M Coates Charity number NIC107506 Company number N1638221 Registered office 84 North Road Belfast Co. Antrim Northern Ireland BT4 3DJ Independent examiner Moore Braniff 2 Beechill Business Park 96 Beechill Road Belfast Northern Ireland BT8 7QN EMILY PERU HOPE TRUST CONTENTS Page Trustees report Independent examiner's report Statement of financial artivities Balance sheet Notes to the financial statements 7-11 EMILY PERU HOPE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 5 APRIL 2023 The Trustees present their annual report and financial statements for the year ended 5 April 2023. The financial Statements have been prepared in accordance with the accounting policies set out in note I to the financial Statements and comply with the Charity's governing document, the Companies Act 2006 and "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 IFRS 1021 (effective l January 20191" ObjÈrtlves and actlvities The Charity was established in memory of the Trustees, daughter, Emily. primarily to follow through on a hope She had to help orphaned and abandoned children in Peru. A principal activity of the Charity crystalised as the provision of remedial education in two children's homes in Arequipa, and help improve the facilities in the homes. Other activities within the context of her Christian beliefs and fellowship would also be supported. After the flurry of sUPPOrting more peripheral activities in the years of Covid and initial recovery, the Trustees determined to concentrate more fully on the core, educational, aspects of their original main intended function. In consequence funding was provided for three remedial teachers during 2022-3 and a fourth. making two at each of the two supported Childrens, Homes in Arequipa, at the beginning of 2023. During this specific period Emily Peru Hope Trust's objectives were to fund.. Remedial teachers in two specific children's homes in Arequipa. Peru. Educational materials to as51St teachers. School uniforms. Funding of further education and vocational training. Improvement of living condition5 in the homes. Summer camps. Christmas presents and special mea15 plu5 Other treats for the Homes. Continued support for a particular family that had suffered violent bereavement, enabling them to live independently and rebuild their lives. A weekly lunch for local Arequipa elderly, provided by one of the Homes. Support of a Latin Link couple working with the elderly, who also engaged with need5 of the Homes. Monthly 5UPPOrt towards the work of a Latin Link physiotherapist in a special Need5 school, shalom. in Arequipa. Regular funding towards a home for abused and abandoned girls in Brazil. Monthly funding for anti-people-trafFicking group Tamar Ibased in All Souls Church of England, Langham Place, London}. Should sufficient be available. to promote the Christian gospel, encourage bible-reading. and attempt to relieve distress from poverty or where difficult circum5tsnces are observed, locally, or elsewhere in the UK or Peru. or as considered appropriate by the Trustees. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. EMILY PERU HOPE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Achievernents and performance All the above aims were met and, in some cases, exceeded, as in: The number of teachers funded to work in the Homes was increased. Overall educational standards were being improved, such that many children were able to progress into further and higher education, and In consequence more funding for vocational and alumni activity was needed and provided, including Specific funding for particular students to enable them to pursue specific courses. School uniform5 plus underwear and some casual clothing and shoes were funded. Play facilities at one Home, and solar panelling and an improved gas supply at the other, were funded. Rest and refreshment at summer camps lon two occasions each Homel improved the mental health and well-being of children and staff and their familie5. Not just all the children but some staff received Christmas treats in encouragement. Independent living for a family whose parents had been killed wa5 enabled via the New Hope Children's Home, at the request of the Peruvian authorities. Over 100 elderly people had at least one nutritious meal every week. While restricted classes were enforced at the special needs school, funding continued enabling pupils, needs to be met remotelv. In London, vulnerable adults were befriended and assisted with legal requirements to free them from subversive controlling influence5. A Peruvian Bible Society "Breakfast and Bibles" scheme for needy children was funded. Food distribution to indigenou5 people in a remote part of Mexico was supported. Summary of Impacts and Benefits Successfully meeting all the aims and objectives detailed above, in addition to the obvious benefits noted above in relieving distre55 and difficulties, has improved lives and the potential for the children. In their daily schooling assistance, rest and relaxation in holidays, and at Christmas with celebration5 and special meals, the children and stsff enjoyed tangible proof of God's love. Financial review Emily Peru Hope Trust - its Trustees do not request financial contributions or seek opportunitie5 for income or engage in fund-r3i5ing. Nonetheless. sufficient continue5 to be received by the Charity in voluntary donations to fund its modest aims and much more to date. The Charity has no physical assets. Cash-in-hand rarely exceeds several hundred pounds. Gift Aid overdue from earlier years has boosted funds carried over into 2023-4. Donations received are promptly passed on to intended recipients. Costs are kept to a minimum necessary to meet the objectives, equivalent to 1.72% of donations received in 2022-3. and debts are paid promptly. Funds equivalent to 92.73% of donations ￿ceiVed in 2022-3 were diretted to the two Children'5 Homes in Arequipa. Peru. The Tru5tee5 have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The Charity is a company limited by guarantee acknowledged since 2016 by HMRC as a charitsble undertaking, and approved as a Charity by the Northern Ireland Charities Commission in March 2020. Company Number: N1638221 Northern Ireland Charity number.. NIC107506 The Trustees. who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrj T Coates Mrs L M Coates EMILY PERU HOPE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED S APRIL 2023 The current Trustees regularly consider inviting individuals, who share the ethos under which the Charity was established and are willing to take on board increasing workloads for the Charity, to become Trustees. The Trustees report was approved by the Board of Trustees. Mrs L M Coates Trustee L)a2 EMILY PERU HOPE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMILY PERU HOPE TRUST I report to the Trustee5 on my examination of the financial statements of Emily Peru Hope Trust (the Charity) for the year ended 5 April 2023. Respon5ibilitie5 and basis of report As the Trustees of the Charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial ststements of the Charity are not required to be audited under section 65 of the Charities Act and are eligible for independent examination. I report in respect of my examination of the Charity's financial statements carried out under section 65 of the Charities Act 2008 (the 2008 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission Northern Ireland under section 6519llb} of the Charities Act 2008. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity a5 required by section 386 of the 2006 Act; or the financial Statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Att other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination,- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. oore Moore Braniff Chartered Accountants 2 Beechill Business Park 96 Beechill Road Belfast BT8 7QN Northern Ireland L),,1 ¥ Dated:.. EMILY PERU HOPE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED S APRIL 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Income from: Donations and legacies Investments 62,859 316 49,743 Total income 63.175 49,743 enditure on: Charitable activities Charitable Expenditure 55,599 37,895 Total charitable expenditure 55.599 37.895 Cost of raw materials & consumables Other 1.969 1.532 Total expenditure 57,569 39,426 Net Income for the yearl Net movement in funds 5.606 10.317 Fund balance5 at 6 April 2022 22,555 12,238 Fund balances at 5 Aprll 2023 28,161 22.555 The statement of financial artivities includes all gains and105ses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Att 2006. EMILY PERU HOPE TRUST BALANCE SHEET ASAT5 APRIL 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand li 8,155 21.032 20,463 2,092 29,187 22.555 Creditors: amounts falling due within one year 12 11,026) Net current assets 28.161 22,555 Income funds Unrestricted funds 28,161 22,555 28,161 22.555 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companie5 Act 2006, for the year ended 5 April 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companie5 subjert to the small companies regime. The financial statements were approved by the Trustees on Mrj T Coates Trustee Company registration number N1638221 EMILY PERU HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting policies Charlty inforniation Emily Peru Hope Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 84 North Road. Belfast, Co. Antrim, BT4 3DJ, Northern Ireland. 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity'5 Deed. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charitie5: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" leffective l January 20191. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial ststements are prepared in sterling. which is the functional currency of the Charity- Monetary amount5 in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical c05t convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of atcounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustee5 in furtherance of their charitable objettives. Restricted funds are subject to specific conditlOD5 by donors as to how they may be used. The purp05es and use5 of the restricted funds are set out in the notes to the financial 5tstements. Endowment funds are subject to Specific conditions by donors that the capital must be maintsined by the Charity. 1.4 Income Income is recognised when the Charity 15 legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution. the amount 15 known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised when the Charity is legally entitled to make payment. EMILY PERU HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Accounting policies Icontlnued) 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity become5 party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amount5 and there is an intention to settle on a net basis or to realise the a55et and settle the liability simultaneously. BasicfinantiToI ossets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised c05t Using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basicfinanciol liabilitie5 Basic financi31 liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or le55. If not, they are presented as non-current liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion offinonclal Ilobilities Financial liabilities are derecogni5ed when the Charitvs contractual obligations expire or are discharged or cancelled. 1.8 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. EMILY PERU HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Crltlcal accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sourtes. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts Gift Aid 54.762 8.097 40,892 8,851 Investments Unrestricted funds Total 2023 2022 Interest receivable 316 Charjtable artivitie5 Charitable Charitable Expenditure Expenditure 2023 2022 Grant funding of activities (see note 61 55,599 37.895 EMILY PERU HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Grants payable Charitable Charitsble Expenditure Expenditure 2023 2022 Grants to institution5: Donations to Childrens Homes and Charities El Amor de Di05 Childrens Home New Hope Childrens Home Church of England Childrens Home Brazil Other Latin America based Charities Other UK based Charities 37,895 28.891 21.888 1,080 1,600 2,140 55,599 37.895 Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the Charity during the year. Employees The average monthly number of employees during the year was- 2023 2022 Number Number Totsl There were no employees whose annual remuneration was more than £60,000. Other Unrestrirted Unrestricted fund5 funds 2023 2022 Other charge5 1,969 1,969 1.532 1,532 Other charges includes accountancy fees of £1,956.00 12022- £15001, Companies house filling fee £13.0012022:£13.00) and Domain name fee £Nil {2022:£19.001. 1n_ EMILY PERU HOPE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 10 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. li Debtors 2023 2022 Amounts falling due within one year: Prepayments and accrued income 8,155 20,463 12 Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 1.026 13 Related party transactions There were no disclosable related party transactions during the year12022 - none). 11