**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**
|**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**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.**_
|**Investment income**
**Incoming resources from**
**Voluntary income**
**Activities for generating**
**funds**|**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.**
|**Investment**
**management costs**
**Fundraising trading**
**costs**
**Charitable activities**
**Governance costs**|**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.**_
|**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**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**
|**Loans and overdrafts**
**Accruals and deferred income**
**Amounts due to subsidiary and associated**
**undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**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