Registered number 1054408 HOPE CHURCH (AOG) Report and Accounts 31 March 2024 HOPE CHURCH IAOG) Report and accounts Contents Pag• Charity Information Trustees, report Independenl Examinerfs report Statement of Financial Affairs Balance sheet Noles to the accounts HOPE CHURCH IAOG) Charty Information Trustees Rev. Deinde Karunw (Chairl Rev Andrew Donkor-Bosie Rev Paul Kojo Dadzie Mr Edward Adu Mrs Esther Karunwi Ms Betly Ugbo Secretary Rev . Andrew D0nkor-B0￿e Accountants Ephraman & Co Chartered Certified Accounlants 4 South Walk West Wickham Kent BR4 9JA Registered Charfty number 1054408 HOPE CHURCH (AOG) Registered number: Trustees. Report 1054408 The Iruslees present their report and accounls for the year ended 31 March 2024. Principal activities The charity s principal activity during +he yeaf continued lo be the running of a church The preaching of the gospel and advancement of Christian religion, and the allleviation of poverty and helping the weak and vunerable In society Trustee8 The following FeTSons served as trustees during the year Rev Deinde Karunwi Ichair) Rev Andfew Donkor-Bosie Rev Paul Kojo Dadzie Mr Edwafd Adu Mrs Esther Kawnwi Ms Belty Ugbo This report was approved by the board on 13 Decernber 2024 and signed on its behalf Rev Deinde Karunw Tfustee HOPE CHURCH {AOGI Independent Examlner's Report Independent Examiner's report to the tNstees of Hope Church IAOG) We report on the Financial Statements fof Ihe year ended 31 March 2024 sel out on pages 4 to7 Res ective res onsibililies of trust es and examiner The charrty's tfuslees are responsible foi the preparation of Ihe accounts. The charty's trustees consider Ihat an audit is not required fof this year urKter section 144 of the Charities Acl 2011 (the Charities A¢1) and Ihal an independ8nl examination is needed. 11 Is my responsibilrty to.. Examine the accounts undef section 145 of the Charities Act. To follow the procedures laid down in the general Direclions given by the Charity Commission (under section 1451511bl of the Charities Acll, and To stale whether particular matters have come to my altention Basls of inde ndent examlner's statement My exarnination was carried out in accordance with general Directions gNen by the Charity Commission An examination Includes a review of the accounting records kept by the charrty and a companson of the accounts presented with those records. It also includes consideration ol any unusual Items or disclosures in the accounts, and seeking explanations from the Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the 8Lcounts present a 'lrue and fair, view and the report is limiled to those matteTS set out in the slalement below. Inde endent oxaminer's Statement In connection with my examination, no matter has come to my attention.. 11 which gives me reasonable cause to beTr￿ve that in, any material respect. the requirements". to keep accounting Tecords in accordance with section 130 01 the Charities Act". lo piepare accounis which accoia with the accounting records and comply wrth the accounling requirements of the Charit￿S Act have not been met.. or 2) to which. in my opinK)n, attention should be drawn in older to enabb a proper understanding of the accounts to be reached. Afari E. Banwell FCCA Ephraman & Co Chartered Certified Accountants 4 South Walk BR4 9JA 13 December 2024 HOPE CHURCH (AOG) Statement of Financial Affairs for the year ènded 31 March 2024 Notes 2024 2023 Incoming Resources 83,416 88.616 Direct Charitable Expenditufe {76,215) {66,955) Gross surplus 7,201 21,861 Management & Administration 119,300) 115,2481 Operating Ideficit)Isurplus 112,099) 6,413 IDeficit}Isurplus on ordinary activities 112.0991 6,413 IDefi¢itllsurplus for the financial year 12,099 6,413 Funds brought forward 107,885 101,272 Total Funds 95.586 107,685 HOPE CHURCH (AOG) Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 22.737 Current assets Cash al bank and in hand 73,274 108.085 Creditors: amounts falling due within one year 14251 1400} Nel current assets 72,849 107,685 Net assets 95.586 107,685 Funds Funds 95.586 107,685 Total lund8 95.586 107.685 The trustees are satislied thai the charity is entitled to exemption from the requirement to obtain an audit The members have not required the charity to obtain an audit. The trustees acknowledge their responsibilities for complying wth the requirements of the Charity law wilh respect to accounting records and the preparation of accounts. Rev. Deinde Karunv Chair ol Trustees Approved by the board on 13 December 2024 HOPE CHURCH IAOG> Notes to the Accounts for the year ended 31 March 2024 Accountlng policies Basis of preparation The accounls have been prepared under the historical cost convention and in accordance wth the Financial Reporting Standard for Smaller Entities (effective January 2015>. Tumover Turnover represents donations and gifts to the church. Depreclatlon Depreciation has been provided at the followng rates in order to write off the assets over their estimated useful lives. Church Equipment Furniture & Fittings 20'h reducing balance 20 % reducing balance 2 Operatlng surplus 2024 2023 This Is staled after charging.. Depreciation of 0￿ed fixed assets 5.684 3 Tangible fixed assets Other Church Assets Church Equipment Tolal Cost Additions At 31 March 2024 27.567 854 854 28.421 28.421 27,587 Depreclation Charge for the year At 31 March 2024 5,513 5,513 171 5.684 5,684 171 Net book value At 31 March 2024 22,054 22,737 4 Credilors". amounts falling due within one year 2024 2023 Other creditors 425 400 S Funds 2024 At 1 April 2023 107,685 HOPE CHURCH {AOG) Notes to the Accounts for the year ended 31 March 2024 Deficit for the year {12,099) At 31 March 2024 95,586 HOPE CHURCH {AOG) Schedule to Statement of Financial Affairs for the year ended 31 March 2024 2024 2023 Incoming Resources Gifts, Donations & Gift Aid 83,416 88,616 Direct Charitable Expenditure Ministry Expense Paslorial Staff Costs Missions Ministry Gifts & Honoraria Evangelism Hospitality & Welfare 1.000 73,155 2,404 58,018 2,170 3.000 400 963 400 1,660 76.215 66,955 Managemenl & Admlnl8tratlon Employee costs.. Training and Sponsorship 3,802 3,802 Premises costs Water Rates Light and heal Cleaning 387 2.390 735 2,105 216 3,056 2,777 General administrative expenses.. Telephone and fax Admin. Stationery and printing Conlerences & Travel Subscriptions & Affiliations Insurance Outside Services Repairs and maintenance Depreciation Sundry expenses 347 86 333 2.322 916 1,139 1,285 1,150 1.442 1.337 5.684 965 2.110 710 Legal and professional costs.. Accountancy fees Oiher legal and profeS￿onal 425 735 3143 3.878 425 19.300 15,248