Registered number 1054658 CHRISTIAN HOPE MINISTRY FINANCIAL STATEMENT AND TRUSTEES REPORT 31 December 2024
CHRISTIAN HOPE MINISTRY ADMINISTRATIVE DAlL5 AND TRUSTEES REPORT The trustees present their annual report and financial review for the year ended 31 December 2024. The accounts comply with the statutory requirements of the charity's governing document Re i5tered and Posts1 Address 77 Morley Road Leyton London EIO 6LI Status overnin document nd constitution Christian Hope Ministry is constituted as a charitable organisation registered with the tharity Commission. It is administered under a Constitution, which has been approved by the Charity Commission istration No. 1054658 Trustees Bishop Richard Acheampong Godwin MrThomas Ababio boateng Mr Martin Obeng Mrs Kate Arkhurst Mrs Patricia Awene Boakye-yiadom Princl al Officers Archbishop Francis Akwaboah Mr Thomas Ababio Boateng Blshop Richard Acheampong Godwin Mr Emmanuel Boakye Mr Martin Obeng Founder and General Overseer President Head Pastor Administrator Financial Secretsry Bankers Barclays Bank PIC Hoe Street Walthamstow London E8 nde endent Examiners Atta & Co. Chartered Certified Accountants 32 Keir Hardie Estate London E5 9AT Accountants Page I
OBJEcfs AND REVIEW Mission & Vision The Christian Hope Ministry was established: For the advancement of the Christian religion in accordance with the doctrines, principles of the teachlng of Jesus. Its main attivities are Christian worship and fellowship, education and helpin8 Foster relationships between such charities elsewhere. With similar aims and objectives * Engage in activities which support the tharty and promote the wellbeing of Its members, and * Assist all persons in need judged by the trustees of deserving charitable sUPPPOrt. The church is committed to reaching out to the local community through youth work, regular worshipi advocacy and social activitie5. It is also committed to addressing in national and international issues on justice, peace and the environmenL Relationshi s with other or anizations The church seeks to collaborate with other churches. particulary those that have sirnilar basis of believe and objettives to build ecumenical relation5. 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. nisation The charity is mana8ed through its governing document regi5tsred with the Charity commission. The Board of Trustees determine policies and monitortheir implementation. The Prlnciple officer5 are responsible forthe dayto day management of the charity 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 reserves policy wlthin the next year. Factors under consideration include the need to maintain the general fabric of the buildin& equipment and compliance with building regulations and maintenance of adequate cashflow for the smooth running of the church. The Trustees have examined the charlty'5 requirement for free reserves in the light of the predominant rlsks to the organisation. These are identified as loss of reputation and falling membership of the church. The trustees are satisfied that they are adequate for their purposes. Results forthe ear In the year underview takings amounted to £135.542 against £155.249 in 2023. Expenditure decreased from £178,764 in 2023 to £123,297 in 2024 Financial osition Fund balances at the end of the year totsl £41,137. The trustees are satlsfied that they are adequate for their purposes. The trustees believe the charity will continue to rely solely on Its membership and friends for financial sUPPOrt. Page 2
srATEMENf OF TRusfEES RESPONSIBILMES The charity law requires the trustees to prepare financial statements for each financial period. which give a true and fair view of the church and of the excess or deficit of the churth for that period. In preparing those finantial statements. the trustees are required to- Select sultsble accounting policles and then apply them consistently• Make judgements and estimates that are reasonable and prudent; Comply with applicable accounting policies subject to any material departures disclosed and explained in the financial ststements: and Prepare the financial statements on the on-going concern basis unless it is inappropriate to presume thatthe church will continue in its operation. The trustees are responsible for keeping proper books of accounting records, which disc105e w]th reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities, Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Inde endent Examiner Atta & Co have signified their willingness to continue to offer their Services in thls dirertion and a re501ution proposin8 their reappointment will be submltted at the Annual General Meeting. This report was approved by the Trustees Meeting of 8 November 2025 and signed on their behalf. Flnancial Secretary Page 3
INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS OF CHRISTION HOPE MINlSfRY We report on the financial statements of the thurth for the year ended 31December 2024, which are set out on pages 5 to 9 Respective responsibilities of trustees and independent examiner. As the charity's trustees you are responsible for the preparation of the accounts; and you consider that the audlt requirement of sertion 43(2) of the charities act 1993 (the att) does not apply It is our responsibility as examiners of the accounts, to stste on the basis of procedures specified in the general direttÈons given by the charity commissioners under section 43171{b} of the act, whether particular matter has come to our attention Our examination was carried out in accordance with the general directions glven by the charity commissioners. An examinatlon indudes a review of the accounting records kept by the charity and a comparlson 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 audit, and consequentjy we do not express an audit opinion on the view given bythe accounts. Independent examiner's statement In connertion with our examinations, no matter has come to our attentlon I whlch gives us reasonable cause to believe that in any material respect the requirements: al to keep accountlng records In accordance with section 41 of the act; and bl to prepare accounts which accord wlth the accounting records and comply with the accounting requirement of the att 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 Accountsnts Page 4
CHRISTIAN HOPE MINISTRY STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrirted funds funds 2024 funds 2023 funds Incomlng resources Donations and gifts Gift Aid Artlvities to generate funds: Other income Totsl incomln8 resources 115,726 19.759 115,726 19.759 135,130 20,000 2b 57 135.542 57 135.542 119 155.249 Resources expended Dlrect charitable expenditure 120.753 369 121.122 176,514 Governance Total resources expended 2,175 122.928 2,175 123.297 2,250 178,7fA Net Incoming/(outgoing) resources before transfers 14,134 (369) 13,765 (41,9951 Transfer between funds Net incomln81(outyoin8 resour for the year 14,134 {3691 13,765 {41,995) Fund balances brought forward at ljanuary 2023 io 19,308 27,372 69,367 Fund balances carrled forward 33A42 7,695 41,137 27,372 There were no recognised gains or losses for 2024 or 2023 other than those included in the Statement of the Financial Activities. Page 5
CHRISTIAN HOPE MINISTRY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Tangible Assets 17.863 22,336 Current Assets Debtors and prepayments Cash at bank and in hand 21.976 38,808 60.784 37.500 9.166 Creditors: amounts falllng due withln one year -34,335 -34,030 Net current assets 26049 12,636 Croditors: amounts fallln8 due aftor one year Bank Loan 9b -2.280 Totsl assets le55 current Ilabllltles 42,032 27,372 Funds Income fund5 Restrlcted funds Unrestricted funds: Other charltsble fijnds 7,695 33.442 8.064 19,308 41,137 27.372 Approved bythe Trustees and signed on thelr behalf by Flnancial Secretary Page 6
CHRisfiAN HOPE MINISTrY NOTESTO FINANCIALsfA7EMEKT FOR ThEYEAR ENDED 31 DECEMBER 2024 l Accountlng wkies 1.1 Accountin8 t)nntIon The financial stthments are prepared under the hi5torkal cost convention and Indude the result of the Church's tsperations. They are in a¢¢ordance wkh applitable accoun11r aandards and the Statement of Recommended Pr3ciice"Accounting by Charltle¢. L2 Incom• Voluntary donations and gifts are recorded on a receipt basi& 1.3 Basis of allo¢atlon of PenseS Expendiiure Is allocated to the dIffentteorS In the Ststementof Financial Activtts on thè b3515 which reflects thè day to day operations. All expenditure is accounted for on accruaLs basis and has bÈen das5ified under headings that aBgate all costs related to the ote80ry. Charable costs are those tQ5ts incurred direcuy on activities in pursult of charikble ob*ts CharsEabte Admlnlstration is that part of expendlture which relates to the administration of the Church rtselF. 1.5 Fund accoumin4 The majority of the Church's income from donation& ResirKted funts pre5ellt amounts Ned for 5pecffic purposes. which have not yet been fully Snt on those purposes at the year end. unrestric fund5 are availabbe for use at the di%retion of the Tnstees of the Church In furtherance of the general obiectfves of the Church. 2023 Za Donat10 and Slmllw Gmng Thithes Offerlngs Welfare 30,172 35.230 Totsl i,6 135,130 2b Tax Refund 2023 Glft Aid 19.759 19,759 2c Other Income Interest Receable 57 119 57
CHRISTIAN HOPE MINISTRY NOTESTO FINANCIALSTAIEMENf FOR THEVEAR ENDED JIDEMBER 21)23 4 Dlrect charitab* ex[re {LkwtstricW) WélFare Music Ministsy Radlo & TV Broadcaslln8 Church & Mtsslon House upkeep Mlsslort & Ministry eXn Wages Costs workpla Pension Admintstration Bank Loan Interest Christmas dinner & anniversary Repairs, maintenance & Refurbishment HP Interest 369 9,616 1,420 9,010 &926 4.520 76.704 45,870 3.627 s26 6,205 378 6,442 5.611 F il 1.248 1.248 6.202 12.075 ghting & Heating Travelling expenses Prlntln&Poyage & Ststkmery Telephone Intemet costs Donation5 Honorarium Insurance Rates & Counul Tax Bank Charges DeplatIon Sundry expen 4.676 1.623 1.872 1.245 5.813 8.520 1.541 1.230 3,624 2.643 794 4.472 449 5.702 Totsl 120,753 175.094 5 Governance Cost Examination of Accounts 2.175 2.2 Totsl 175 8) Debtors and Prepayments HMRC-GfftAid HP Interest Suspense- HP Van 34,277 3.223 L976 21?76 37,500 8b 8ank Balances Current Account BHrthys Bank 8usJnèss Premium Account Paypal Account Cash in Hand 2,515 5,128 L523 35,185 9.166 Pa8e 8
CHRISTIAN HOPE MINLsfRY NOTESTO FINAPICIALsfATEMEPIT FOR THEVEAR ENDED 31DEQM8ER 21)23 9a Credltors: Amounts due wlthln one year Bank Loans HP Cxedltor PAYE Accruals 45fy) 27.220 2.250 34,030 27.220 2.175 34335 9• Credlthrs: falllngdue after one year Bank Loans HP Credltor 5?55 555 10 Summaryoffub)ds a 5¢1¥•$ al Restricted fvnds Balance at 3L12.22 Ib)comlry Balance at 31.12.23 Unrestricted Fund5 33A42.IA) 7.695.ty) &064.00 27.3n.TrJ 135W 121.777AM) 41,137AXI