Charity number: 1068566
ELPIS MINISTRIES
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

ELPIS MINISTRIES
CONTENTS
Page
Roforonco and Adminlstrativo Dolalts of th& Chaiity. Its Trustso$ and Advi$grs
Trusts•6' Rèport
Trustees. Responsibilities Statement
Independent Examinerfs R8POrt
Statsment of Flnanclal Actlvltl•s
Balance Sheot
Notes to the Flnanclal Stat•m•nts
9-20

ELPIS MINISTRIES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Trustees
R Patty Iresigne<l 19 August 20231
C M Mudamburi
A O'connor Iresiqned 5 September 20221
M Darteh (appointed 5 September 20221
A Mudamburi lappoinled 5 September 20221
Charlty rogl$tsrod
number
1C68566
Principal offico
A11A2 Sutherland House
43 Sulhedand Road
Wallhamslow
London
E17 6BU
Accountsnts
Haslers
Chartered Accountsnts
Old Slats'on Roa
Loughton
E$$ex
IG10 4PL
Page 1

ELPIS MINISTRIES
TRUSTEES. REPORT
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
The Trustees present their annual report together wth the financjal ststements of the Charity for the 1 ApTiI 2022
to 30 September 2023.
Objectives and activities
a. Policios and objèctives
The objects of the charrty continue to be".
lil The advancement of Christian religion and educalion
lill Counselling in relats'on to marriage, youth, career. parenb'ng. bereavement
liiil Support for families
livl Training leaders
Iv) Enhancing social and Community integration
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public bènefit, including the guidance 'Public benefit.. running a
charity IP821'.
Ach5•voments and p•rfornianc•
a. Flnanclal revlew
Incoming resources as a whole have decreased compared the prior year, with voluntary income making up
larger proportion of income. In addition. our fundraising acb"vib"es eonthnued lo be gu¢¢essful, thanks mainly lo
the kind donaliens of members. Office overheads were similar lo last year wlh no significant changes lo note.
Funds available are sufficient lo pemiit the charity to continue operation in the medium temi.
b. Rovl•w of a¢tlvltle$
The trustees consider that the perfomiance of the charity this year has been most satisfactory. The charity would
not be able to operate without the continued support of a large number of wlling support staff who give their
services voluntarily, lo assist the church on a freelance basis.
The charity has made a surplus in the year of £162.23412022." £%.6691, and the charty expected lo conb'nue
this satisfactory perfoimance in the next year.
Flnanclal r•vlew
a. Going concorn
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charty has adeqLJate
resources to continue in operats'onal existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
Page 2

ELPIS MINISTRIES
TRUSTEES. REPORT ICONTINUEDI
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
b. Flnancial risk management objective$ and policiès
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining
reserves al current levels, combined wth an annual rewew of the controls over the key financial systems, will
provide sufficient resources in the event of adverse condition5. The Iru5tee5 have also examined other
operational and business risks faced by the Charrty and confirms that they have estsblished systems lo miligale
the significant risks.
Structur•. gov•rnan¢• and manag•m•nt
. Constitution
Elpis Ministries is a registered charity. number 1C68566, and 1$ constituted under a Trust deed. The principal
objective of the charity is for the advancement of Christsan religion and educats'on.
b. Methods of appoSntsnent or elKtlon of Trustses
The management of the Charity is the responsibilty of the Trustees are elected and co-opted under the
terms of the Trust deed. Appointment of Iruslees is govemed by the memorandum and articles of association.
The Board of Trustees is authorised to appoint new Iruslless to fill va￿nCle$ arising through resignation or death
of an existing Iruslee.
¢. Organlsatlonal Structure and declslon4naklng pollcl
The Charityy governing document is the Trust Deed. which is kept al the charity's principal address.
d. Flnanclal rlsk manag•m8nt
The Tnjslees have assessed Ihe major risks to which the Charity is exposed. in particular those related to the
operations and finances of the Chanty, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Approved by order of the members of the board of Trustees on 3 September 2024 and signed on their behalf by..
Darteh
Trustee
Page 3

ELPIS MINISTRIES
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
The Trustees are responsible for preparing the TTU5tee5' Report and the financial slalemenls in accordance with
applicable law and United Kingdom A¢¢ounling Stsndards Iunited lfjngdom Generally A¢¢epted A¢¢ounting
Practicel.
The law applicable to charitie5 in England 8 Wales require5 the Twstee5 to prepare financial statement5 for
each financial which give a true and fair view of the stsle of affairs of the Charty and of its incoming resources
and application of resotJr¢es. including its income and expendrture. for that period. In preparing these financial
Ststements, the Trustees are required to..
seled suitable accounting policies and then apply them ¢onsistenUy'.
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting eslimales that a￿ reasonable and prudent."
state whether applicable UK Accounting Siandards IFRS 1021 have been followed, subject to any material
departures d15¢105ed and explained In the financial stslements",
prepare the financial slalements on the going concem basis unless il is inappropriate lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounb.ng records that are suffiaenl to show and explain
the Charity's Iran$adions and disdose with reasonable a¢¢ura¢y at any lime the financial position of the Charity
and enable them lo ensure that the financial $tstement$ wmply wth the Charities Ad 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of ihe Trust deed. They are also responsible for
saleguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 3 September 2024 and signed on its behalf by..
Dartgh
Trustee
Page 4

ELPIS MINISTRIES
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Independent Examinerfs Report to the Trustee5 of Elpis Ministries I'the Charity'l
I report to the charty Trustees on my examination of the accounts of Ihe Charity for the period ended 30
September 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the prepar*ion of the accounts in accordance the
requirements of the Charits'es Act 2011 llhe 2011 A¢t'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in ¢arwn9 out my examination I have followed the applicable Direcb"ons given by the Chanty Commission under
section 1451511bl of the 2011 Act.
Independent Examin•fs Statomenl
Your attenbon is drawn lo the la¢1 that the Charity has prepared the accounts in accordance with Accounting and
Rep¢￿'n9 by Charities." Slalemenl of Recommended Practice applicable to charities preparing their accounts in
a¢¢ordan¢e wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference to the A￿OUntIng and Reporting by Charitie$.' Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been wthdrawn.
l understsnd that this has been done in order for the accounts lo provide a true ant1 fair view in accordance wllh
the Generally Accepted Accounting Practice effective for repo￿.ng periods beginning on or after 1 January 2015.
I have completed my examination. I confim Ihat no matters have come to my attention in Connection wf(h the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by sects'on 130 of the 2011 Act., or
the accounts do not accord with those records,. or
the accounts do not compty the applicable requirements conceming the form and content of
accounts sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ￿ue and fairf wew ￿1¢h is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection wlh the examination lo which
attention should be drawn in thi$ report in order to enable a proper understanding of the accounts to be reached.
Page 5

ELPIS MINISTRIES
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
This ￿port is made solely to the Charivs Tnjstees. as a body. in accordance wi(h Part 4 of the Charities
(Accounts and Reportsl Regulation$ 2008. My V•vrk has been undertaken so that I might slate to the Charity's
Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated.. 3 September 2024
Thomas Rogers
Haslers
Chartered Accountants
Old Slalion Road
Loughlon
Essex
IG104PL
Page 6

ELPIS MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Unrestrieted
fvnd$
2023
Re$trlcted
fvnd$
2023
Total
fvnds
2023
Total
funds
2022
Income from:
Donations and legacies
Charitable activibes
Inve51ment5
92,557
290.310
53,541
146,098
290,310
474
102.850
202,517
26
474
Tolal incomg
382,867
$4.015
436,882
305,393
Exp•ndlture on:
Raising funds
Charitable aclivibes
15,83S
255.518
15,835
258,813
4,362
204,362
3,295
Total oxpondlture
271.353
3,295
274,648
208. 724
Net movement In funds
111,514
$0,720
162,234
96,669
Ro¢on¢lllatlon of lunds:
Total funds brought forward
Net movement in funds
235,092
158,623
50,720
393,715
162,234
297,046
96,669
Total fund$ carrl•d forward
346.606
209,343
555,949
393. 715
The Statement of Financial AdNitie$ includes all gains and lo$$e$ rewnised in Ihe period.
The notes on pages 9 to 20 form part of these financial statements.
Page 7

ELPIS MINISTRIES
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
30
Soptom￿r
2023
31 March
2022
Moto
Fixed assets
Tangible assets
10
21.195
24.491
21.195
24,491
Curr•nt a$8•ts
Debtors
Cash al bank and in hand
591,Y3
3.264
13,445
365,367
594,807
378,812
Creditors.. amounts falling due within one
year
12
{60,0531
(9,588)
Not current a88ets
534,7S4
369,224
Totsl a880ts less curr•nt Ilabllltles
555.949
393, 715
Total not a$$ots
555,949
393, 715
Charlty funds
Restricted fund$
Unrestricted funds
13
13
209,343
346,606
158,623
235,092
Totsl funds
555,949
393, 715
The financial statements were approved and aulhorised for issue by the Trustees on 03 September 2024 and
signed on their behalf by..
Darteh
Trustee
The notes on pages 9 to 20 fomi part of these financial statements.
Page 8

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
General infomiation
Elpis Mini51ries Is a chantable organisalion. registered In England and Wales, wlh a regi51ralion number
1068568. The address of the registered office is A11A2 Suthedand House, 43 Sulhedand Road. London,
E17 6BU. The principal objective of the charity is for the advancement of Christy'an religion and education.
Ac¢ountlng pollcl•$
2.1 8asis of preparation of financial statements
The finanual statements have been prepared in accordance wth the Charits"es SORP IFRS 1021-
Accounting and Reporting by Charities". Ststement of Recommended Practice applicable lo charities
preparing their accounts in accordance the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffecknve 1 January 20151, the Financial Reporting Stsndard
applicable in the UK and Republbc of Ireland IFRS 1021 and the Charits'es Act 2011.
The financial slalemenls have been prepared lo give a Irue and fair, view and have departed from
the Charities IAc¢ounts and Reports) Regulab"ons 2008 only lo the extent required lo provide 3 Irue
and fairf view. This {lepartU￿ has invofved follwng the Charities SORP IFRS 1021 published on 1S
Juty 2014 rather than the Ac￿Untsn9 and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 vthich has since been withdrawn.
Elpis Ministries meets the definrtion of a public benefit ents.ty under FRS 102. Assets and liabilities are
inf(ially recognised al historical cost or transaction value unless olherwse slated in the relevant
accounting policy.
2.2 Incom
All in¢ome is recognised once the Charity has enlillemenl to the income. il is probable that the
income wll be received and the amount of income ￿CeIVable can be measured reliably.
Income recoverable in relation to inveslmenl income is recogni$ed al the ts'me the investment
income is receivable.
2.3 Expenditurn
Expenditure is recognised once there is a legal or construciive obligation lo transfer ecr)nomic benefit
to a third paty. it is probable that a transler ol economic benefits wll be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct cost5 and shared costs, including support costs
involved in undertaking each actsvity. Direct costs attn"bulable to a single activity are allocated directly
to that actiwty. Share<1 costs which conlnbule lo more than one activity and support costs which are
not attributable to a single activty are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the ba$1$ of tsme spent, and depre¢iats'on
charges allocaled on the portion of the asset's use.
Expenditure on raising fijnds indude5 all expendrture incurred by the Charty to ra15e fvnd3 for 115
Charitable purposes and includes Costs of all fUnd￿lS1ng acbvtbes events and non-charilable trading.
Expenditure on charitable activrties is incurred on direcljy undertaking the activf(ies vthich fijrther the
Charity's objectives, as well as any asswated support costs.
Page 9

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed a5set5 are initially recognised al cost. After Tecognrtion. under the cost model. tangible
fixed assets are measured al cost less accumulated dep￿ciatIon and any a¢¢umulaled impairment
losses. All costs incurred to bring a tsngible fixed asset into its intended working condity'on should be
in¢luded in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled usefijl lives, on 8 reducing balance basis.
Depre￿atiOn is provided on the followng basis..
Plant and equipment
20% reducing balance
2.5 Oebtors
Trade and other debtors are recognised al the settlement amount after any trade discount off&red.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and In hand
Cash al bank and in hand Includes cash and short-temi highfy liquid investments with a short maludly
of three months or less from the date ol acquisib'on or opening of the deposit or similar account.
2.7 Llabllltles and provlslons
Liabilities are re¢ognised when there is an obligation al the Balance Sheet date as a resutt ol a past
event. il is probable that a transfer of economic benefit will be fequired in settlement, and the amount
of the settlement can be estimated ￿lIablY.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or service5 It must provide.
Provisions are measured at the best estimate of the amounts reqUI￿d to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.9 Operatlng l¢ases
Rentals paid under operating leases are charged to the Statement of Finanaal Activits'es on a straight
line basis over the lease term.
Page 10

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Accounting policies (continued)
2.10 Pgnsions
The Charity operates a defined conth"bub"on pension scheme and the pension charge represents the
amounts payable by the Charity to the fur￿ in ￿SpeCt of the period.
2.11 Fund a¢¢ounling
General fvnds are unrestricted lunds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unreslri¢ted funds thal have been Set aside by the Trustees for particular
purposes. The aim and use of each designated fvnd is set out in the notes to the financial
slatemenls.
Reslrieted funds are funds vthich are to be used In accordance wtt) specific restrictions imposed by
donors or vh)i¢h have been raiseil by the Chanty for path'¢ular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fvnd 1$ set out in the notes to the financial statements.
Income from donalon• and l•ga¢l•s
Unrnstrlcl8d RestrSct8d
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Donations
92,557
53,541
146,090
102,850
Total 2022
94,508
8,342
102,850
Income from charitable activities
Unrgstrlcted
nd$
2023
Totsl
fund$
2023
Total
funds
2022
Tithes and offering
290,310
290.310
202,517
Total 2022
202.517
202.517
Page 11

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Investment income
R￿trIcted
funds
2023
Total
fund$
2023
Total
funds
2022
Investment income
474
474
26
Total 2022
26
26
Analy$Ss of •xpgndltur¢ by a¢tSvltlo8
Actlvltles
undortakon
dlr•¢tty
2023
Support
costs
2023
Total
fund$
2023
Total
funds
2022
Tithes and offering
200,222
58,592
258.B14
204,362
Total 2022
181. T52
22.610
204,362
Analysis of dirnct costs
Total
funds
2023
Total
funds
2022
Staff cost$
Rent and rates
65.205
127.702
760
2.675
966
71,070
102,359
Donations
Telephone and fax
Advertising expenses
Printing and stationery
Travel and subsislen¢e
3,236
1,525
300
3,262
1.973
941
200.222
181, 752
Page 12

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Analysis of expenditure by activities Icontinuedl
Analysls of support costs
Total
funds
2023
Total
runds
2022
Depreciation
Telephone and fax
Insurance
Repairs and maintenance
Bank charges
Sundry expenses
Light and heal
Govemance ¢osls
3,296
2.180
4.647
17,727
470
3,976
337
6,693
109
1,503
3,737
6,255
7,288
10,828
12,156
58,592
22,610
Ind•p•nd•nt •xamln•r'8 r•mun•ratlon
2023
2022
Fees payable lo the Charivs independent examiner for the independent
examination of the Charitys annual a¢¢ounls
Fees payable lo the ChariV$ independent examiner in respecl of..
All other services not induded above
4.500
3,300
6.645
1,560
Staff costs
2023
2022
Wages and salaries
Social Security cos15
Contribution to defined contribution pension schemes
62,146
1.647
1.413
67,211
1,826
2,033
65,206
71,070
Page 13

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Staff costs (continued)
The average number of persons employed by the Chanty duiing the period was as follows..
2023
No.
2022
No.
Employees
No employee received remunerats.on amounting to more than £60,000 in either year.
TnMt••s' romunerntlon and oxponses
During the period, no Trustees receive¢J any femuneration or other benefrts (2022- £NIL).
During the period ended 30 September 2023. no Trystee expenses have been incurred (2022- £NIL).
10. Tanglblè Ilxod a880ts
Plant and
machinory
Cost or valuatSon
Al 1 April 2022
78.402
AI 30 September 2023
78,402
Depreciation
Al 1 April 2022
Charge for the period
53.911
3,296
AI 30 September 2023
57.207
Net book value
At 30 September 2023
21,19S
At 31 March 2022
24.491
Page 14

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
11. Debtors
30
S•ptomb•r
2023
31 March
2022
Due withln on¢ y•ar
Amounts owed by group undertaking$
Other debtors
588,3S3
3,190
13,445
591.543
13,445
12. Credltors: Amounts falllng duo wlthSn om yoar
30
Soptambor
2023
31 March
2022
Bank overdrafts
Other taxation and social security
Other creditors
A¢cruals and deferred income
22
94
55,437
4,SOO
5,837
451
3,300
60,053
9,588
Page 15

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
13. Statement of funds
Statsment of funds - current pfrrlod
Balanco at
30
September
2023
Balance at 1
April 2022
Income Expenditure
Unrg$tr1¢1gd funds
Dosignated funds
Designated Funds- all funds
40.000
G•n•ral funds
General Funds- all funds
195,092
382,867
{271.3531
306.606
Total Unrn8trlctsd fundi
235,092
382,867
{271.3S31
346.606
R•strfct•d fund•
Building lund
158,623
54,015
13,2951
209.343
Total ol lund8
393,715
436,882
1274,6481
555,949
The following restricted ftrnds were held during the year..
Bulldlng fund- This lund relates lo monies receive(J for the pur¢hage of a property by the Charity.
D8signatgd fund- £40,000 has been set aside the unrestricted fund to the designated fund which wll be
put lowards the purchase of a property for the Charity.
Page 16

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
13. Statement of funds Icontinuedl
Statsment of funds - prior p8ri¢yJ
Balance at
31 March
2022
Balance at
l Apnl 2021
Income Expenditure
Unre$trl¢led funds
D85ignated funds
Designated Funds- all fvnds
40,000
40,000
Gon8ral fund$
General Funds- all fiJnds
103,551
297,025
(205,484)
195,092
Total Unrostrfctsd funds
143,551
297,025
(205,484)
235,092
Rostrlctod funds
Building fijnd
153,495
8,368
(3,240)
158,623
Total of funds
297,046
305,393
(208. 724)
393. 715
Page 17

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
14. Summary offunds
Summary ol lund$ - current period
Balanco at
30
September
2023
Balance at 1
April 2022
Income Expenditure
Designated fvnds
General funds
Reslricled funds
40,000
195.092
158.623
40.000
306.606
209.343
382.867
54.015
{271.3531
13.2951
393,71S
436,882
{274,6481
555,949
Summary of funds - prbor yrlod
8818nc8 81
31 March
2022
Ba18nce at
l Apnl 2021
Incom8 Exp8nditur8
Designated funds
General funds
Reslricled fvnd$
40,000
195,092
158,623
103.551
153,495
297.025
8,368
(205.484)
(3,240)
297,046
305,393
(208, T24?
393, T15
15. Analysls of net assets bet*wn lunds
Analysls of n•t assets bgt*wn funds- curront Poriod
Unrestricted Restricted
Total
funds
funds
funds
30
30
30
S•pt•mber Soptambor Sopt•mbor
2023
2023
2023
Tangible fixed assets
Current assets
Creditors due wthin one year
21,195
385.464
160,0531
21.195
$94,807
160.OS31
209,343
Total
346.606
209,343
555.949
Page 18

ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
15. Analysis of net assets betwren funds (continued)
Analysls of not assets bet*wn funds- prfor period
Unrestiycled
funds
31 March
2022
Restricled
funds
31 March
2022
Total
funds
31 MaKh
2022
Tangible fixed assels
Current assets
Creditors due wthin one year
24,491
220, 189
(9.588)
24,491
378,812
(9,588)
158,623
Total
235,092
158,623
393, 715
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ELPIS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
16.
Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the group in an independenyy administered fvnd. The pension cost charge represents
contributions owed lo the Charity to the fvnd and amounted to £1.413 12022. £2.0331. Contributions
totalling £Nil12022.' £Nill were payable to the fund at the balan￿ sheet date.
17. Oporatlng lèayo ¢ommltments
AI 30 September 2023 the Charty had commitmenls to make future minimum lease payments under
non-cancellable operating leases as follows..
30
Soptemb•r
2023
31 March
2022
Not later than 1 year
82,950
18. Rolatsd party tran$actlonJ
During the period, the charity made payments of £588,353 on behaw ol Elpis Ministries CIO.
During the period, M Darteh la trustee), loaned £25.000 and donated £11,500 lo the charity.
19. Post balance sh••t events
Post period end, the charty have plans to transfer all assets to Elpis Ministries CIO.
Page 20