NEW HOPE CHRISTIAN MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 2024. CHARITY NU%1BER 11)01613 NEW HOPE CHRISTIAN MINISTRIES INDEX Content Page Index to the content Trustees Report Accountants Certiticate Income and Expenditure Account Balance Sh¢et Notes to the Account Page I CHAIR'S REPORT AGM OCTOBER 2024 The organisational overview of New Hope Christian Ministries (NHCM) is to serve and provide support for the community in which we are based. we are grateful to God for the enablement to continue to fulfil this aim. As always I must extend our thanks to our donors, volunteers and supporters who have made immense contribution to the continuity of the work of NHCM. Our success is also directly linked to the tireless work and contribution of the NHCM Trustee members in upholding the work of this charity. Their dedication has enabled us to continue to provide for our community the essential service that is required. I would like to personally thank the rest of our team members for their commitment and consistenoi throughout this and previous years. Thanks to our accountant and solicitor for their hard work and support. We have been able to provide welfare relief to lessen the impact of the economic pressure on members of our community and have continued to provide social housing. Our regular support for the young people in our community has encouraged them to make great strides in their educational achievements. We would like to expand our horizon to be able to provide drum and guitar training for young people in the community. This year, our plans for reaching out to the community include the provision of essential dry goods / items for people in need. Thank you all for another wonderful year and I look forward to many more years working together to bring hope and support to the community that we Serve. A Olaleye NEW HOPE CHRISTIAN MINISTRIES ACCOUNTANTS CERTIFICATE FOR THE YEAR ENDED 31" DECEMBER 2024 In accordance V¥ ith 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 accord(mce there-in. Topson & Co 24 Harbour House Coldhart>our Lane Rainham RM13 9YB Page 3 NEW HOPE CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT. Notss Unrestricted Restricted 2024 2023 INCOMING RESOURCES Income 60196 60196 50725 TOTAL INCOMING RESOURCES 60196 60196 50725 RESOURCES USED Grants Direct expenditure 62588 62588 76231 Administration 250 250 275 TOTAL RESOURCES USED 62838 62838 76506 NET INCOMING RESOURCES .2642 -2642 -25781 BALANCES BIF AT BEGINNING OF YEAR 12716 12716 38497 BALANCES CARRIED FORWARD 10074 10074 12716 Page 4 NEW HOPE CHRISTIAN MINISTRIES BALANCE SHEET as at 31st December 2024 Notes 2024 2023 Fixed assets Tangible assets Current assets Cash 81 bank Rent deposit Creditor.. amounts falling due within one year 10324 12966 250 250 Net Current assets Net Current assets less current liabilities 074 1271 10074 12716 Funds Restricted funds Unrestricted funds Total funds 10074 10074 12716 12716 Approved by the Trustees: Sign. Date.. Pa8e 5 NEW HOPE CHRISTIAN MINISTRIES NOTES ON FINANCIAL STATEMENTS For the year 31st Decembor 2024 I. A¢¢oL5nting Pollcles The financial 5tatefflents have been prepared under the historical cost convention. and in accordance with the ststement of Recommended practice. accounting and Reporting by Charities ISORP 2(￿) issued in October 2￿5, applicable accounting standards and companies Act 2006. 2. Ineomo Unrnstricted Funds 2024 Funds Income 60196 60196 60196 60196 3.Grants pald Missionary and charitable 81ving'. 4.Dir•ct •xpondlture Direct costs Insurance 31 3190 726 726 Repairs Lease 18672 18672 62588 62588 Pa8e 6 5.Adminlstratl¥e 0xp9nd1￿le Accountants fee bank chages 250 250 250 250 6.Net mov¢mènt In furKls for tho ygar The net movement in fvnd ft)r the year is ststed after charginB- 2024 Depreciation on tsngible assets Accountants remuneration 250 7.Creditors.' arnounis fallln9 duè wlthln on• year Accountsnts fees 250 8.cash flow analysls Opening bal Totsl Deposrc 14477 56512 70989 Cash Expenses: Grants Costs Bank charges 62588 62588 Bank bal unpre5ented cheqL¢e Net Cash 251 8151 Pa8e 7