Registered number 1054658 CHRISTIAN HOPE MINISTRY FINANCIAL STATEMENT AND TRUSTEES REPORT 31 December 2023
CHRisllAN HOPE MINISTrY ADMINISTRATIVE DAlL5 AND TRusfEES REPORT The trustees present their annual report and financial review for the year ended 31 December 2023. The accounts comply with the ststutory requirements of the charity's governing document. Re istered and Postal Address 77 Morley Road Leyton London EIO 6LI Status overnin document and constitution Christian Hope Ministry is constituted as a charitable organisation registered wlth the Charity Commission. It is administered under a constitution, which ha5 been approved by the Charity Commission Chari Re 1054658 i5tration No. Trustees Bishop Richard Acheampong Godwin MrThomas Ababio boateng Mr Martin Obeng Mrs Kate Arkhurst Mrs Patricia Awene Boakye-yiadom Princi al Offlcers Archbishop Francis Akwaboah Mr Thomas Ababio Boateng Bishop Richard Acheampong Godwin Mr Emmanuel Boakye Mr Martln Obeng Founder and General Overseer President Head Pastor Administrator Financial Secretary Bankers Barclays Bank PIC Hoe Street Walthamstow London E8 Inde endent Examiners Atta & Co. Chartered Certified Accountants 32 Keir Hardie Estate London E5 9AT Acc untants Page I
INDEPENDEKf EXAMINER'S REPORTTO THE MEMBERS OF CHRlSnoN HOPE MINISTRY We report on the financial statements of the d)urch for the year ended 31December 2023. which are set out on pages 5 to 9 Respettive responsibllltie5 of trustees and independent examiner. As the chartty's trustees you are responsible for the preparation of the accounts; and you consider that the audit requirement of secbon 43121 of the charitie5 act 1993 (the act} does not apply It is our responsibility as examiners of the accounts. to state on the basis of procedures specified in the general directions given by the charity commissioners under secknon 43{7)(b) of the act, whether particular matter has come to our attention Our examinatlon was carried out In accordance with the general directions given by the charity commlssioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of unusual items of disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt. and consequendy we do not express an audit opinion on the view given bythe accounts. Independent examiner's statement In connection with our examinations, no matter has come to our attention I which gives us reasonable cause to believe that in any material respect the requirements: a) to keep accounting record5 in accordance with section 41 of the att; and b) to prepare accounts which accord with the accounting records and comply with the accounting requirement of the art have not been met: or 2 which In our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Atta&Co Chartered Certified Acco ntants Page 4
OBJECTS AND REVIEW Mission & Vislon The Christian Hope Ministry was esLiblished: For the advancement of the Christian religion in accordance with the dortrines, principles of the teaching of Jesus. Its main activities are Christian worship and fellowship, education and helping Foster relationships between such charities elsewhere. With similar aims and objettives * Engage in activities which 5UPPOrt the charity and promote the wellbeing of its members, and Assist all persons in need judged by the trustees of deserving charitsble suppport. The church is tommitted to reaching out to the local communtty through youth work. regular worship, advocacy and social acttvities. It is a150 committed to addressing in national and international i55ues on justice, pea and the envlronmenL Relationshi s with other or anizations The church seeks to collaborate with other churches, particulary those that have similar basis of believe and objertives to build ecumenical relations. endence on su ort of volunteers and donations-in-kind The church depends heavily on the commitment and support of donors, volunteers, including members and friends of the church for execution of its mission. Or anisation The charity is managed through its governing document registered with the Charity commission. The Board of Trustees deterniine policies and monitor their implementation. The Principle ofFicers are responsible for the day to day management of the chartty and implementation of policies through the General Overseer. Reserves The Trustees recognise the need to build reserves to ensure the smooth running of the church. In line with the guidance issued by the Charity Commission and good practice the church will be drawing up a reserve5 pollcy wtthin the next year. Factors under consideration include the need to maintain the general fabric of the building, equiprnent and compliance with building regulations and maintenance of adequate cashflow for the smooth running of the church. The Trustees have examined the charity's requirement for free reserves in the light of the predominant risks to the organisation. These are identtfied as10s5 of reputation and falling membership of the church. The trustees are satisfied that they are adequate for their purposes. Results for the ear In the year undeTriiew takings amounted to £135.249 against £152.250 in 2022. Expenditure Increased from E178.625 in 2021 to £178,764 in 2023 Financial osition Fund balances at the end of the year total £27,372. The trustees are satisfied that they are adequate for their purposes. The trustees believe the charity will continue to rely solely on its membership and friends for financial supporL Page 2
CHRISTIAN HOPE MINisfRY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Notes Unrestrlcted Restricted funds funds 2023 funds 2022 funds Incomin8 resources Donations and gifts Gift Aid Actfvities to generate funds: Other income Total Incomlng resources 135.130 135,130 132,250 20,000 2b 119 135.249 119 135.249 152,250 Resources expended D1ct charitable expenditure 175,094 1,420 176,514 169,591 Governance Total resources expended 2,250 177.344 2,250 178.764 9,034 178,625 1.420 Net incomlng/lout8oing) resour9 before transfers (40,5751 (1,420) (41,9951 126,368) Transfer between funds Net Incomlng/(outgolng resources for the year (40,575} (1.420) (41,9951 126,3681 Fund balances brought forward at l January 2023 io 59,883 9,484 69,367 95,735 Fund balances carried forward 19,308 8,064 27,372 69,367 There were no recognised gains or losses for 2023 or 2022 otherthan those included in the Statement of the Financial Activities. Page 5
CHRlSllAN HOPE MINISTRY NOTES TO FINANCIAL 5fATEMEKf FOR ThE YEAR ENDED 31 DECEMBER 202a I Accounting pol 1.1 Aeté)untln8 c¢)n¥enlh The finan¢ial statements are prepared under the historkal tost corNeniion and inthde the result of the Churche's operatlons. They are In accordance wtth applible accountln8 Slandards and the Ststementof Recommended PractI.A(cnting by Charitie<. 1.2 Income Voluntary donattons and gifts are recorded on a receipt basi& 1.3 Bp515 olallotwtlon olÈxpens•s Expendtture Is allocated to the different ¢ategorks in the Statement of Finanual Act14 on the baslswhith reflectsthe dayto day operations. All expenditu is accounted for on accruals basi5 and has been dasSIf under headings that aggregate all costs related tothe (ategory. Charitable tt¢sts are those costs incurred dirertly on artNe5 in pursuit of charitrble obkct> Charitiible AdministTrtlon lsthat part of eMpendftU whith relates to the admintration of thè Church itself. 1.5 Fund accountlng The m3iorlty of the Church's income is from donation5. Restricted fund5 represent amounts reVed for speufic purposes. whlch have not yèt been fully spent on those Purposes * the year end. Unrestrirtd fvnds are available for use at the di5¢retion of the Tnee5 of the Church in furtherance of the gweral objectives of the Church. 20 2022 2a Donatlons and SmilarGIT*lng Thithes OfferinBS Welfare 97.771 34,479 35.230 Totsl 5.130 132,250 2b Tax Refvr GiftAid 2¢ Other Income Interest Receivable 119 Page 6
CHRISTIAN HOPE MIIIIStHY NOTESTO FINANCIALSTATEMEIIT FOR THE YEAR ENDED 31DE(EM8ER 203 4 Dlre£t ¢harftable expendltwe Iunrestrthdl Welfare Music Mirti5try Radio & TV Broadcasting Church & Mi$5ion House upkeep Mlssion & Mlnistryexpenses Wages Costs workpla Pen%on Administration Bank Loan Interest Christmas dinner & anniversary Repairs. maintenance & Refvrbishment HP Interest Li8htlng & Heatln8 Travelling èxpenses Printin&Posiage & Staiitinery Telephone Intemet costs Donations Honorarium Insurance Rates & CounulTax Bank Charge5 Depreciatlon Sundry expenses L420 9.010 8.926 14 7510 6,7C(I 2,1 4.520 76.704 67,727 3,957 23,76S 297 4.750 2.198 L248 4.298 4,512 1,895 3,5% 6,205 378 6.442 1,248 6.202 12.075 L872 L245 5,813 &520 4.030 12,310 8.050 3.255 2,045 3.343 4.106 397 449 5,702 Total 175,094 169,5TI S Governano Cost zozz Examination of Accounts 2.250 9.034 Total 8a Debt0 and PrepaymÈnts HMRC- Grft Aid HP Interest Suspense- HPVan 34,277 3.223 34,277 4.472 37 749 8b Bank Balan 2022 CurrentAttount Barclays Bank Business Premium AOUnt Paypal Account Cash In Hand 2,S15 S.128 L523 1,580 27,109 1.479 9.166 30.168 Page 7
CHRISTIAN HOPE MINIStRY NOTES TO FINANaALSTATEMENT FOR THEVEAR ENDED 31 DECEMBER 2023 l Accountln¢ polldes 1.1 Accountsnl con¥enth)n The financial ststements are prepared under the historkal tQ5t corNention and Indude the res of the Churche's operations. They are In accordance wh applicable 3ccountln8 S13ndards and the StÈment of Retommended PrJclice"Accounting by (ffiarltres". 1.2 Income Voluntsry donations and 8rfts are re[ded on a receipt b 1.3 Basls of allocauon of expense5 Expendr(ure is allocated to the drffèrent cateBorie5 in the5tstement d Fmanckl Activities on the basls which reflectsthe dayto day operatlons. All expenditure 15 accounted for on accruals basis and has been dassified under headin8sthat aggregate all costs relthd to the ¢ateBory. Charitable costs are those costs Incurred dlrectwon attrtIeS in pursurt of tharitsb object& Charitae Administration isthat part of èxpendfture which relates to the admlnistration of the Church itself. L5 Fund accountln8 The maJortty of the Church's income is from donations. Restricted funds preSent amounts receNed for 5pecifK purwises, which have not yet been fvlly spent on those purposes ot the year end. Unrestricted funds are available for use at the discretion of the Truste5 of the Church In furtherance ofthe8eneral objectNe5 of the Churth. 2022 2a Donatlons arnl &miknrGl¥ing Thtthe5 Offerin85 Welfare 97.771 34.479 35,230 T¢)tal 135,130 132250 2b Tax R•fvnd Glft Aid 20.( 20.OIM> 2c Oth•r Inwm• Interest ReceNable 119
CHRISTIAN HOPE MINisniY BALANCE SHEEr AS AT 31 DECEM ER 2023 2023 202Z FIXED ASSETS Tanglble Assets 22.336 28,037 Debtors and prepayments Cash at bank and in hand 37.500 9.166 38.748 30.168 68,916 8b Creditors: amounts falling due within one year -34.030 -15.806 Net rUent 055ets 12.636 53,110 Credltors: amounts falling due after one year Bank Loan 9b -11,780 Total assets less Current liabilhies 27.m 69,367 Funds Income fvnds Restricted funds Unrestrftted funds: Other charitsble funds 9,484 59,883 lob 27,372 69.367 Approved by the Trustees and sl8ned on their behalf bv Flnanclal Secretary Page 9