2024-05-31-accounts - Anchor Of Hope Christian Fellowship

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Charity No 1060123

Anchor of Hope Christian Fellowship

Annual Accounts June 2023 - May 2024

Prepared by DTT Consultancy Ltd

Anchor of Hope Christian Fellowship
	Annual accounts for the period
	Period start date	1st June 2023	To	Period end date	31st May 2024

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) g g funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before transfers* Prior year adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before other* *recognised gains/(losses)* Gross transfers between funds *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ F01 F02 F03 F04 F05
			-	-	-	-
		419,600	-	-	419,600	219,037
		-	-	-	-	-
		-	-	-	-	-
		4,337	-	-	4,337	11,200
		-	-	-	-	-
		423,938	-	-	423,938	230,237

			-	-	-	-
		164,984	-	-	164,984	144,492
			-	-	-	-
			-	-	-	-
		23,350	-	-	23,350	20,534
		-	-	-	-	-
		-	-	-	-	-
		188,334	-	-	188,334	165,026
		235,603	-	-	235,603	65,211
		-	-	-	-	-
		235,603	-	-	235,603	65,211

		-	-	-	-	-
		-	-	-	-	-
		235,603	-	-	235,603	65,211
		248,378	-	-	248,378	183,167
		483,982	-	-	483,982	248,378

Page 1

Section B Balance sheet as at 31st May 2024

Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
	-	-	-	-
	-	-	-	-
484,232	-	-	484,232	248,628
484,232	-	-	484,232	248,628

250	-	-	250	250

483,982	-	-	483,982	248,378

483,982	-	-	483,982	248,378

	-	-	-	-
-	-	-	-	-

483,982	-	-	483,982	248,378

483,982			483,982	248,378
			-	-
	-		-	-
		-	-	-

483,982	-	-	483,982	248,378

Date of approval Print Name Signature
		Dr David Orimaye		24/07/2024

Page 2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); • and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

Page 3

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING

These are included in the Statement of Financial Activities (SoFA) when: Grants and donations are only included in the SoFA when the charity has unconditional Grants and donations entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

ASSETS

Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £500. They by charity are valued at cost or a reasonable value on receipt. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Stocks and work in progress These are valued at the lower of cost or market value.

Page 4

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Tithes/ Offering	403,291	203,630
Gift aid	16,309	15,407
Charities Trust	-	-
Total	419,600	219,037

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Rent Received	-	11,200

Page 5

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Rent/ Hall Hire	70,719	65,942
Church events	2,612	6,170
Transportation	8,163	13,095
Insurance	993	3,039
Dramaproduction	4,250	3,261
Stationery	200
Honourarium	2,200	1,450
Equipment	13,272	5,305
Repairs/ Maintenance	760	-
Decoration	45	1,033
Utlities	1,687	1,313
Construction	31,814	22,411
Pastor's Stipend	17,651	17,999
Professional fees	3,455	1,233
LeadershipAnnual Retreat	6,024	-
Telephone & Internet	148	192
Training	741	1,800
Independent Examination	250	250
Total	164,984	144,492

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Oveseas Aid	4,350	3,041
Outreach	19,000	17,493
Total	23,350	20,534


	-	-
	-	-
Total	-	-

Page 6

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-
This year Last year £ £ Note 6 Details of certain items of expenditure 6.1 Trustee expenses *Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made* *to trustees or to third parties for expenses incurred by trustees. If no expenses were paid,* *please enter ‘None’ in the appropriate box(es).* Number of trustees who were paid expenses Nature of the expenses Total amount paid
			This year	Last year


			£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	250	250

Page 7

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
	-	-	-
-	-	-	-
	-	-	-
-	-	-	-
-	-	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
	-	-	-
	-	-	-
-	-	-	-
250	250	-	-
	-	-	-
250	250	-	-

Page 8