NEW HOPE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 2023. CHARITY f4uMBER 1001613
IYEW HOPE CHRISTIAN MINISTRIES INDEX Content Pagc Index to the content Trustees Report Accountants Certificate Income and Expenditure Account Balance Sheet Notes to the Account Page I
NHCM CHAIR'S REPORT AGM OCtOBER 2023 INTRODUCTION: The goal of New Hope Christian Ministries {NHCM) has been to continue to provide support for the community that we serve. The charity has been able to provide social housing in our community. We have continued to provide support for young people who have gone on to high educational studies. Regularly providing pastoral care for people in the community. MANAGEMENT UPDATES: All seniing NHCM Trustees were reappointed at the AGM in October 2022. 1 am grateful for their ongoing commitment. SUPPOrt, their role in upholding the work of NHCM and ensuring ongoing success. FINANCIAL HIGHLIGHTS: There has been a sharp increase in our lease and by God's amazing grace we have managed to maintain a healthy financial balance. Thanks to Topson Accountant and Defank solicitors for their guidance and support. FUTURE INITIATIVES: As part of our commitment to minimise the impact of the ongoing economic hardship on some members of our community. arrangements are in progress to commence food distribution as early as the New Year. I would like to thank all the Trustee members, our volunteers, donors through service provision and all who have contributed to the ongoing success of NHCM this year and I look for¥vard to many more years working together to bring hope and support to the community that we serve. A OLALEYE CHAIR NHCM
NKW HOPE CHRISTIAN MINISTIUES ACCOUNTANTS CERTIFICATE FOR THE YEAR ENDED 31ST DECEMBER 2023 In accordance with instruction given to us, we have prepared the Annexed Income and Expenditure account and balance sheet under the historical cost convention, using the accounting records" information and explanation supplied to us by the trustees, and certify that they are in accordance there-in. Topson & Co 24 Harbour House Coldharbour Lane Rainham RM13 9YB Page 3
NEW HOPE CHRW mINs STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31ST DECEMBER 2023 SUMIAARY INCOIAE AND EXPENDITURE ACCOUNT. Unrnstrlcted Restricted 2023 2022 INCOMING RESOURCES 50725 30744 50725 Income 744 TOTAL INCOMING RESOURCES 725 RESOURCES USED Grants 300 76231 26465 76231 Direct expendilure 275 275 Administration 76506 27072 TOTAL RESOURCES USED 6506 3672 NET INCOMING RESOURCES -25781 -25781 BALANCES BIF AT BEGINNING OF YEAR 38497 BALANCES CARRIED FORWARD 12716 12716 Pa8e 4
NEW HOPE CHRISTIAN MINISTRIES BALANCE SHEEr as at 31st December 2023 2023 2022 Fixed assets Tangible assets Current assets Cash at bank and in hand Rent deposit Creditor= amounts falling due within one year 38747 250 12716 38497 Net current assets Net current assetsloss current liabilities 12716 Funds Restrict8d funds Unrestricted funds Total funds 12716 12716 38497 38497 Approved by the Trustees: Sign.. Date..
NEW HOPE CHRISTIAN PAINISTRIES NOTES ON FINANCIAL STATEIAENTS For the year 31st t)ec¢mbw 2023 l. A¢eountlng Poll¢l•¥ The financial statemènts have been prepared under the historical cost convention, and in attOrdan with the statementof Recommended prartice. accounting and Repting by Charitie5 ISORP 2(11 isstjed in OCtor 21X)S. applicable accountin8 standards and MPanieS Act 2(rf)6. 2023 2. Income Funds 50725 Income S0725 50T2S 3.Grants pgld Missionary and charitsble 8ivin8'. 4.Dlr•¢t exp•ndltu Direet tosts 3110 Insurance 3110 nil 872 3312 Repairs Lease 3312 68937 68937
250 Accountants fee bat)k chages 27 6.Nèt mowmentln funds lorthg yoar The net movement in fund forthe year b 5tsted after 2023 Depreciation on tawble assets Aecountants remunefation Accountsntsf 8.cash llw attalysls Openiry¥ bal Totsl Dep1 38747 Grants 74970 Bank charges 8ank bal unpresented cheque 14477