Business / Charity Name - Hope Foundation Limited Essay

Question:

Describe about the Hope Foundation Ltd.

Answer:

Introduction:

The Hope Foundation Ltd is a charitable organization which helps the society regarding upliftment of the sex workers and also the addict people. This helps the society to provide equal respect and dignity towards every individual in the society and helps in the development of the society . The organization also helps in influencing the society and helping in further reduction of exploitation in the society.

Company Description:

The Hope Foundation Ltd is a non-profit company in Australia which uplifts the society through proving social services towards the society. The foundation comprises of qualified social workers who help and assist women who are willing to change their life. Thus, the foundation helps in improving the societal structure and also helps in societal change as a whole. The Hope Foundation is a registered charity working foundation which helps the poor families and women to uplift them from poverty in the society . It also helps the society from abusing and harassment which help them to gain confidence a lead a happy and healthy life. The foundation also mentors women’s in the society to change their life and help them to lead a new beginning with positivity and hope for the rest of the life. Thus, it helps the society as a whole to get rid of negativity and sexual abuse which help in the development of the society as a whole.

Company History:

The Hope Foundation Ltd is established on January 1, 2006, and is currently serving the society successfully. The Hope Foundation is a national charity based organization which is located in Brisbane. The organization thus works for the women who will to quit from the sex industry and also help women from getting rid of addictions as well. This help the society to get rid of exploitation and helps in the growth of the country as a whole. The organization thus believes that the past need not to be a compulsion for the future to be carried forwards and thus a new day leads to a new beginning. The Foundation also works for the societal change which helps the country Australia to develop as a whole. The company got registered on Dec 3, 2012, and is operating across Australia for the upliftment and improvement of the society. The charity also deals with income tax exemption as per June 14, 2006. The organization thus successfully operates and helps in changing lives of many women in the society.

Organizational structure:

The company mainly operates in Queensland of Australia and comprise of the medium size charity organization. The organization also consist of homeless people, unemployed, women and youth who help the company to contribute towards the society . The company end of the financial year in June. The organizational structure comprises of employees who help the needy women to get rid of exploitation in the society and leads the country towards improvement as a whole. The number of persons responsible for the organization is counted to be 1 and helps the company towards the development.

Company Mission and Vision Statements:

Organization with mission and vision statement helps to lead the society towards overall development and helps in improvement of the life of sex workers in the society. The vision statement of the Hope Foundation Ltd states that every human being needs to be treated equally with due respect and dignity. The sex workers who will to change their life also need to be helped, and the addicted person need also need to be influenced towards positivity and helps to get rid of it. The vision statement also led towards the health improvement of the sex workers which further helps in the societal change. The vision statement thus helps in protecting the health of the women which helps in creating an awareness among them which further helps them to get motivated and decide to change their life as well.

The mission statement of the Hope Foundation organization is to provide help towards the sex workers and also to promote the establishment for health awareness which helps the organization as a whole to lead the society towards development by the present scenario. The mission statement of the company also helps in influencing the good being of the workers and thus helps in proving equal opportunities to the individual in the society.

Company programmes/ Activities:

The Hope Foundation stands for the Famine Relief and thus helps the social sex workers to motivate themselves towards changing their life. The company thus organizes events which might help the sex workers to get influence more towards the societal change and helps in changing the mind set of women’s as well. The organization also introduce events which help the workers to feel happy and not left out within the society. The events promote to provide equal opportunity and respect to every individual within the society . This helps the company to influence more sex workers and helps the society to undergo a drastically change and abolishing the exploitation of the individual as well. The programs thus help the company also to gain positive word of mouth which further helps the organization towards the improvement of the society. This also helps Australia to gain competitive advantage and thus help the country to get rid of exploitation and sex work in the country as a whole. The company thus helps the workers to get influenced and change their life as a whole in the country.

Customer Segment:

The market segmentation helps Hope Foundation Ltd to target the customers and helps in the development of the society as a whole. The Foundation works for the improvement of the life style of the sex workers which help them to get rid of exploitation by the society and also provide them to lead a happy and free life as equal as another individual as well. The customer segmentation also helps in influencing the workers more to come out from their aloof society and to lead the life with dignity and respect . The customer segment also helps the society towards the development and thus led the country to get rid of poverty and sex workers as well.

Company Audit:

The Hope Foundation Ltd is a medium size company which comprises of audit or review within the workplace. The organization need to submit the financial report and the founder may choose to review or audit the business if:

  • The business needs to have audited financial report as for, e.g.; the company needs to fulfill the other governing documents or funding agreements to have company audit.
  • The business also needs to receive a written notice from ACNC Commissioner stating that the business needs to provide the audited reports . However, the commissioner needs to send notice only in few cases as of if the business has a previous problem in the report and also have a history of not fulfilling the requirements of ACNC Act.

Thus, it helps the company to produce an audit report and also helps the organization to maintain its successful initiatives towards the upliftment of the society as a whole.

Company Legal Structure:

Registrations:

The structure of Hope Foundation Ltd creates a legal entity that separates from its members. The organization can also hold the property and can be sued as well. The registered company needs to have at least three directors and one secretary . The company also needs to have one member as well. The organization also has the proper business address which is registered under ABN company list. The ABN holds the trade name of the companies in Australia and thus the Hope Foundations also have the business address in Australia as well. The organization also has proper financial records which help them to get legally registered under the legal structure of Australia.

Legal Structure:

The Hope Foundation Ltd incorporates effective legal structure for helping the sex worker towards upliftment in the society. The legal structure needs to include the advice from the accountant, registered tax agent, and solicitor. The company needs to get registered under Corporation Act 2001, and also help the society towards the development of the sex women as well.

Business Address:

The organization is situated mainly in Brisbane of Australia. The corporate address for the organization is Mt Gravatt Plaza, Po Box 265, Post Code – 4122, Qld, Australia.

Key Personnel:

The key personnel of the company comprises of the upliftment of the sex workers as well as the addicts who will to change their life style within the society [10]. The organization thus provides help towards every individual and helps to provide respect and dignity to every individual as well.

Regulatory Framework:

Legal Requirements:

The legal requirements for the Hope Foundation Ltd. implement several laws which further help the organization towards the successful completion of the activities of the organization as a whole. The legal requirement of the company is to get registered under the Australian Law. The organization also needs to maintain partnership opportunity which further helps the organization towards the improvement of the individual as well. The business also needs to get registered for the foreign registration statement to expand its operation across the overall structure as well. The company also needs to get registered under FR 500 for general tax registration and FR 164 for the tax-exempt entity within the country as well . The organization also needs to certify the occupancy or home occupancy permit of the country which helps to maintain the regulatory reforms of the company as well. The organization lastly also needs to obtain Basic Business Licence (BBL) to maintain Charitable Exemption.

Insurance Requirements:

Not for Profit organizations (NFPO) insurance is specially planned for the monitoring and volunteering the organization towards public liability exposure in the society. The Hope Foundation Ltd needs to qualify the NFPO insurance to help the sex worker more towards the societal development. The insurance also claims for the benefits that include event cost, volunteer performance cost which helps in improvement of the individual life style in the society.

Taxation:

Human Resource and Taxation Laws:

The human resource management within the organization needs to implement taxation laws to legally register and keep records of the company as per the government laws. The Taxation Laws within Hope Foundation Ltd help the company to maintain rules and regulations and help the operations to run successfully within the country. The Taxation Laws also help the company to exempt from few laws which help them to incur more cost on event activity towards upliftment of the addicted and the sex workers in the country as well.

Evaluation of Company Legal Structure:

Not for Profit Status:

The company legal structure helps the society towards improvement and development and helps the individual to lead a life with respect and dignity. The legal structure also helps the company towards successful operation of the organization towards individual upliftment.

Facilitating the Mission:

The company legal structure helps to maintain the rules within the workplace which also helps to operate successfully in the country. It also helps the company to improve and influence more sex workers and addicted towards changing their life style and helps in changing the society as a whole.

Deductible Gifts:

The deductible gifts within the workplace refer to the entitlement of income tax that refers to the deductible gifts and deductible contributions. The Hope Foundation Ltd is listed under the ABN list which provides with the deductible gifts to the organization.

Shareholder Report/ Accountabilities:

The accountability standard for the Hope Foundation Ltd provides a list of shareholder reports that comprise of donors, partners, communities, women and youths . The accountability standards of the company help in governance and funding of the organization. This also helps the company towards public exposure which further helps in influencing more women and addiction to improve and change their life as well.

Conclusion:

The Hope Foundation Ltd thus helps the society towards upliftment of the sex workers and also the people who are more prone towards the addiction. This helps the society as a whole towards the development and also helps in providing respect and dignity to every individual within the society as well. The improvement of the society further led the organization towards the sustainability in the market. The operations of the company also help in societal change and thus led the whole country towards gaining sustainability as well.

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