HOPE4 CIC

Company limited by guarantee

Company Registration Number:
13115805 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HOPE4 CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HOPE4 CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 222,000 258,105
Cost of sales: 0 ( 25 )
Gross profit(or loss): 222,000 258,080
Distribution costs: 0 0
Administrative expenses: ( 7,069,919 ) ( 241,392 )
Other operating income: 6,852,255 0
Operating profit(or loss): 4,336 16,688
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 4,336 ) ( 3,108 )
Profit(or loss) before tax: 0 13,580
Tax: 0 0
Profit(or loss) for the financial year: 0 13,580

HOPE4 CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 15,949 13,932
Investments:   0 0
Total fixed assets: 15,949 13,932
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 36,160 37,912
Investments:   0 0
Total current assets: 36,160 37,912
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 0 ( 351 )
Net current assets (liabilities): 36,160 37,561
Total assets less current liabilities: 52,109 51,493
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 38,530 ) ( 37,912 )
Total net assets (liabilities): 13,579 13,581
Members' funds
Profit and loss account: 13,579 13,581
Total members' funds: 13,579 13,581

The notes form part of these financial statements

HOPE4 CIC

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
and signed on behalf of the board by:

Name: Christopher Andrew Lomas
Status: Director

The notes form part of these financial statements

HOPE4 CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HOPE4 CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HOPE4 CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 0 6,916 10,124 17,040
Additions 2,140 4,213 0 6,353
Disposals
Revaluations
Transfers
At 31 January 2024 2,140 11,129 10,124 23,393
Depreciation
At 1 February 2023 0 1,589 1,519 3,108
Charge for year 425 2,392 1,519 4,336
On disposals
Other adjustments
At 31 January 2024 425 3,981 3,038 7,444
Net book value
At 31 January 2024 1,715 7,148 7,086 15,949
At 31 January 2023 0 5,327 8,605 13,932

HOPE4 CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 351
Total 0 351

COMMUNITY INTEREST ANNUAL REPORT

HOPE4 CIC

Company Number: 13115805 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

During the financial year, our company made significant contributions to the community through various initiatives that align with our core mission of driving social impact. These activities include: Humanitarian Aid: Through our ongoing work with Hope4, we have provided essential resources such as food, clothing, and shelter to underprivileged communities in Moldova and Ukraine. This has had a direct positive impact on thousands of vulnerable individuals, including children and refugees, by improving their living conditions and offering them hope in times of crisis. Economic Empowerment: By collaborating with businesses such as Clear Cook and Asset & General, we have fostered partnerships that combine economic growth with social responsibility. These partnerships have allowed us to offer financial products and business solutions while contributing to charitable causes that uplift disadvantaged communities, including those in the UK and Europe. Corporate Social Responsibility (CSR): Our company continues to lead by example in CSR. We have actively promoted Environmental Social Governance (ESG) principles, encouraging businesses to align their operations with values that prioritize people over profits. This approach has inspired other companies to follow suit, creating a broader positive impact across multiple sectors. Employment and Skills Development: We have contributed to community development by providing employment opportunities and training, ensuring individuals gain valuable skills that improve their economic prospects. Our focus on education and empowerment helps break the cycle of poverty, particularly in areas where such opportunities are scarce. Charitable Donations and Support: In addition to our operational activities, we have donated both financial resources and essential goods to local charities and international aid organizations. These donations have been instrumental in supporting disaster relief efforts and ongoing social initiatives. Through these efforts, our company has played a vital role in enhancing community well-being, promoting sustainable development, and supporting vulnerable populations during the financial year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 October 2024

And signed on behalf of the board by:
Name: Christopher Andrew Lomas
Status: Director