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2021-03-31-accounts

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HOPE ASSEMBLY
Report and Accounts
Year ended 31 March 2021
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3 Worcester Avenue, Old Swan, LIVERPOOL L13 9AZ t: 01513647913 e: aamatthew@aol.com w: www.aamatthewaccountants.co.uk

Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Accounts 11-16
The following page does not form part of the Statutory Accounts
Detailed Statement of Financial Activities with Comparatives 17

Hope Assesmbly Trustees' Annual Report for the Year Ended 31 March 2021

Company Information

Charity Name: Hope Assembly
Directors/Trustees: Rev Thomas Alamu
Pastor Eunice Alamu
Mrs Esther Famiyesin
Prophet Johnson Akinfenwa
Evangelist Dele Akinrin
Key staff: Reverend Thomas Alamu
Governing Document: Trust deed dated 24th July 1998
Charity Commission No: 1072243
Secretary: Evangelist Dele Akinrin
Registered Office and 27 Roman Road
Operational Address: East Ham
London
E6 3RY
Accountants: AA Matthew & Co
Newspring House
3, Worcester Avenue
Old Swan
Liverpool
L13 9AZ
Bankers: National Westminister Bank
PO Box 3240
1 Stratford Broadway
E15 4DX

Page 1

Hope Assembly

Trustees' Annual Report for the Year Ended 31 March 2021

Objects of the charity

Our Charity's purposes as set out in the objects contained in the Declaration of Trust are :

The aims of our charity are to preach the gospel in the city of London with an operational focus in the Borough of Newham. Our aims fully reflect the purposes that the charity was set up to further.

Ensuring Our Work Delivers Our Aims

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The Focus of Our Work

Our main objectives for the year continued to be the advancement of the Christian religion and the relief of poverty and sickness. The strategies we used to meet these objectives included:

  1. Provision of Weekly Church Services on Sunday to minister to the physical, spiritual and material needs of the congregants.

  2. Provision of Special Events and Meetings to meet the specific needs of target groups in the Church such as Men, Women, Youth and Children.

  3. Focusing on the Material needs of certain members undergoing difficult financial situations.

  4. Working with other Christian agencies and Churches in London to advance the preaching of the Gospel.

  5. Provision of Pastoral Care for Congregants and other members of the community

  6. Missionary and Outreach Work

  7. Community building and youth work delivery

How Our Activities Deliver Public Benefit

Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness.

Page 2

Hope Assembly Trustees' Annual Report for the Year Ended 31 March 2021

Who used and benefited from our Services?

Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the whole man in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity. We have also helped relieve poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment and lack of financial resources. These activities are yet to take off.

Financial Review

The trustees approve an annual budget and give regular attention to financial results, variance from budgets and cash flow. Income was principally derived from the generous gifts and voluntary support of members of the church.

For the year, the charity's income (including recoveries of gift aid) was £55,524 (2020: £44,651) and its expenditure was £41,356 (2020: £41,407), which resulted in a surplus of £14,168 (2020: surplus of £3,244)

The trustees have considered the church’s current financial position and projections for the coming 12 months. The trustees are satisfied that the church is and will remain solvent through that period.

Principal Funding Sources

The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services and direct bank tranfers.

Reserves Policy

The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.

The expenditure for Year ended 31st March, 2021 is £41,356 and therefore the targeted reserves should be between £10,339 and £20,678 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. This general reserve policy has been met this year as against previous years.

Plans for Future Periods

The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.

We will also continue to review our general processes, activities and staffing to ensure we are meeting the current needs of the church and, in so far as we can, the city.

Page 3

Hope Assembly Trustees' Annual Report for the Year Ended 31 March 2021

The Charity and Covid-19

The Covid-19 pandemic has had a profound impact on The Hope Assembly since the introduction of control measures in March 2020. The Charity has had to adapt its operating model and religious practices to cope with a physically dispersed congregation. These adjustments were most acute for our congregation, who are primarily from disadvantaged and low-income backgrounds, including millennials and senior citizens.

The effect of the pandemic has necessitated significant investment in digital insfrastructure to enable smooth running of church operations to meet congregational needs.

The implications on Church life have become most severe in the below areas:

a. Inability to physically visit congregation members at hospitals and those in care; b. Cancellation of face-to-face worship services, including weddings, festivals and funerals; c. Cancellation of missions and pilgrimages;

d. Deterioration in mental health and wellbeing of those in isolation, particulary elderly congregation members; e. Diminished sense of community and engagement with worship. As we begin to emerge from an extended period of sheltering and social distancing, there are residual concerns about attendance, engagement and income.

We have set out below interventions undertaken to mitigate the impact of the pandemic on worship, income and community engagement:

a. Provision of Hybrid Services: Church services, programs and teachings have been delivered online since restrictions were put in place by the government. However, during the period of relaxed restrictions, the charity operated with limited capacity and therefore continued to provide online services simultaneously. b. We broadcast from the church building and other locations using collaboration tools (Zoom) and social media platforms (Youtube, Facbook, Twitter and Instagram). c. Sensitization of church members on use of online platforms to make donations.

Page 4

Hope Assembly Trustees' Annual Report for the Year Ended 31 March 2021

Structure, Governance and Management

Governing Document

The Organisation is a charitable trust constituted under a trust deed on 24th of July 1998 and registered as a charity on 2nd November 1998. The charity was established under a Declaration of Trust which established the objects and powers of the charitable trust and is governed under its deed. In the event of the Trust wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Due to the nature of Church work, trustees appointed have been selected on the basis of their faith, strength of character, skills set in the area of business management and growth and commitment to the vision of the charity.

Trustees Induction and Training

Most trustees are already familiar with the practical work of the charity. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive or Senior Pastor of the Charity and cover:

The Main documents which set out the operational framework for the charity including the Memorandum and Articles.

Resourcing and the current financial position as set out in the latest published accounts Future plans and objectives

A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.

Risk Statement

The trustees recognise the importance of assessing and managing risk associated with the charity's objectives. The process of identifying risk is on-going and is an essential part of the work of the trustees and management Team. The charity has a set of comprehensive policy and procedure documents in place to ensure on-going identification and management of foreseeable risks.

Financial risk is mitigated through the adoption of comprehensive budgeting and reporting processes. Policy documents relating to risk and compliance issues are reviewed and updated annually. Current policies include:

  1. Safeguarding children and vulnerable adults

  2. Health and safety

  3. Equal opportunities

  4. Purchasing

  5. Fire safety and evacuation

  6. Employment including complaints and disciplinary issues

  7. Privacy and data protection

  8. Complaints

  9. Finance Processes

  10. Conflict of Interest

The trustees and staff have been aware of their responsibilities with regard to the new GDPR regulations and action has been taken to ensure compliance.

Page 5

Hope Assembly

Trustees' Annual Report for the Year Ended 31 March 2021

Organisation

Hope Assembly is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The Board of Trustees are assisted by the Department leaders.

The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Senior Pastor who is also the Chief Executive. He is ably assisted by an adminstration staff who implement day to day operations. The adminstrative team continue to develop their skills and working practices in line with good practice.

Responsibilities of the Trustees

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and:

o Select suitable accounting policies and then apply them consistently;

o Make judgements and estimates that are reasonable and prudent

o Prepare the financial statements on the on going basis unless it is in appropriate to presume that the charity will continue in business.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Charity Acts of 2006 and 2011. The Trustees 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.

Members of the Board of Trustees

Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with charity law, as trustees, we certify that:

So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.

This report has been prepared by the Order of Trustees:

Rev Thomas Alamu Director/Trustee

26th August 2021

Page 6

Hope Assembly Independent examiner’s report to the trustees of Hope Assembly for the Year Ended 31 March 2021

I report to the charity trustees on my examination of the accounts of Hope Assembly for the year ended 31 March 2021 on pages 8 to 16 following, which have been prepared on the basis of the accounting polices policies set out on pages 11 and 12.

Responsibilities and basis of report

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians.

Having satisfied myself that the accounts of the Charity are not required to be audited section 144 of the Charities Act 2011 and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

The Charity’s gross income did not exceed £250,000 therefore our examiner need not be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section section 130 of the Charities Act 2011;

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of 2011 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Matthew Okuboyejo FCA, MAAT

Association of Accounting Technicians

AA Matthew & Co Newspring House 3, Worcester Avenue Old Swan Liverpool L13 9AZ

26th August 2021

Page 7

Hope Assessment

Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 March 2021

Notes
Incoming resources
Incoming resources from generated funds:
Voluntary Income:
Donations and Offerings
3
Building Fund
Gift Aid Tax Reclaim
4
Total incoming resources
Resources expended
Cost of generating funds
Costs of generating voluntary income
5
Charity activities
6
Governance Costs
7
Total resources expended
Net Incoming resources before other
recognised gains
Net movement in funds
Reconciliation of Funds
Total funds brought forward
Total funds carried forward		 2021
2021
2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
43,576
-
43,576
31,174
4,200
4,200
7,330
7,748
7,748
6,147
55,524
-
55,524
44,651
28,356
-
28,356
29,727
12,250
-
12,250
11,030
750
-
750
650
41,356
-
41,356
41,407
14,168
-
14,168
3,244
14,168
-
14,168
3,244
(17,748)
-
(17,748)
(20,992)
(3,580)
(3,580)
(17,748)

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.

All Income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Charities Act 2011.

The notes on Pages 11 to 16 form part of these accounts.

Page 8

Hope Assembly

Balance Sheet as at 31 March 2021

Notes
Fixed assets
Tangible assets
10
Currents assets
Cash at bank and in hand
13
Creditors: amounts falling due
within one year
11
Net Current Assets
Net Assets
Unrestricted funds
General Funds
15
Total Funds		 2021
£
2,272
22,359
22,359
(28,211)
(5,852)
(3,580)
(3,580)
(3,580)		 2020
£
3,035
7,078
7,078
(27,861)
(20,783)
(17,748)
(17,748)
(17,748)

The charitable trust is entitled to exemption from audit under section 144 of the Charities Act 2011 for the year ended 31st March 2021

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with section 144 of the Charities Act 2011 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The Financial Statements were approved by the board on 26th August 2021 and were signed on its behalf by:

Rev Thomas Alamu Director/Trustee

The notes on pages 11 to 16 form part of these financial statements.

Page 9

Hope Assembly

Cash Flow Statement for the Year Ended 31 March 2021

Note
Cashflows from operating activities:
Net cash provided by (use in) operating activities
A
Cashflows from investing activities:
Net cash provided by (use in) investing activities
B
Cashflows from financing activities:
Net cash provided by (use in) financing activities
Change in cash and equivalents in the reporting period
Cash and equivalents at the beginning of the year
C
Cash and equivalents at the end of the year
C		 2021
£
15,281
15,281
7,078
22,359		 2020
£
5,604
(1,400)
(1,400)
4,204
2,874
7,078

NOTES TO THE CASH FLOW STATEMENT

Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities:

Net income/(expenditure) for the reporting period (as per the statement of f
Adjustments for:
Depreciation Charges and provisions for impairment
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash provided by (used in) operating activities
Note B: Reconciliation of net cash flow from Investing activities:
(Purchase)/Sale of assets
Net cash provided by (used in) operating activities
Note C: Analysis of cash and cash equivalents
Cash at bank with immediate access
Total Cash and Cash equivalents		 2021
£
i
14,168
763
-
350
15,281
2021
£
-
2021
£
22,359
-
22,359		 2020
£
3,244
1,010
-
1,350
5,604
2020
£
(1,400)
(1,400)
2020
£
7,078
-
7,078

Page 10

Hope Assessment Notes forming part of the financial statements for the year ended 31 March 2021

1. Statutory Information

The Charity is a charitable organization governed by trust deed, registered in England and Wales. The Charity's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a). Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements.

In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b). Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

i). Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.

ii). Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. iii). Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items).

The charity relies on volunteers to carry out many of its activities, particularly the work with the Charity. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods are distributed an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from retreats and other events and courses.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

Page 11

Hope Assessbly

Notes forming part of the financial statements for the year ended 31 March 2021

c). Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with Constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d). Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e). Tangible Fixed assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.

Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.

f). Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g). Presentation Currency

The accounts are presented in Pound Sterling

h). Pension Scheme arrangements

The charity does not operate any pension scheme for its employees.

i). Taxation

As a charity, Hope Assembly is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the charity.

The organization is a charitable trust; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j). Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period

Page 12

Hope Assembly

Notes forming part of the financial statements for the year ended 31 March 2021

3. Donations Unrestricted Restricted 2021 2020
Total Total
£ £ £ £
Donations -Tithes and Offering 43,576 - 43,576 31,174
Building Fund 4,200 - 4,200 7,330
47,776 - 47,776 38,504
4. Other Income
Unrestricted Restricted 2021 2020
Total Total
£ £ £ £
HMRC Gift Aid Tax Reclaim 7,748 7,748 6,147
7,748 7,748 6,147

5. Costs of Generating Voluntary Income

Basis of Allocation
Bank Charges
Direct
Administration
Direct
Professional Fees
Direct
Support Costs
Direct
Premises
Direct
6. Charitable Activities
Ministry
Direct
7. Governance Cost
Professional Fees
Direct
Total Resources
Expended		 Church WorkSupport Cost
Governance
2021
2020
£
£
£
£
£
-
-
40
1,204
1,204
1,012
500
500
850
1,356
1,356
1,310
25,296
25,296
26,515
27,856
-
500
28,356
29,727
12,250
12,250
11,030
12,250
-
-
12,250
11,030
750
750
650
-
-
750
750
650
40,106
-
1,250
41,356
41,407

Page 13

Hope Assembly

Notes forming part of the financial statements for the year ended 31 March 2021

8. Net Incoming Resources for the Year

This is stated after charging: 2021 2020
£ £
Accountant's Remuneration 750 650
750 650
9. Analysis of staff costs, the cost of key management personnel and trustee remuneration
and expenses
2021 2020
£ £
Gross wages and salaries & benefits in kind 6,750 6,000
Social Security
Pension Costs
6,750 6,000

The Charity has 1 full time time employed staff. Its activities are generally carried out by volunteers. No member of staff received salaries at a rate of more than £60,000 per annum.

Pastor Thomas Alamu, a trustee was paid £ (2021, £6,750) in his capacity as the head pastor of the Church as permitted by the governing document.

No remuneration was paid to any trustee during the year nor to any person connected to them.

10. Tangible Fixed Assets

Cost
At 1 April, 2020
Additions in year
At 31 March 2021
Depreciation
At 1 April, 2020
Charge for the year
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Furniture/ Music/Office Vehicle
2021
Fittings
Equipment Bus
Total
£
£
£
£
2,173
22,119
2,800
27,092
2,173
22,119
2,800
27,092
1,094
20,168
2,795
24,057
270
488
5
763
1,364
20,656
2,800
24,820
810
1,463
0
2,273
1,080
1,951
0
3,031

Page 14

Hope Assembly

Notes forming part of the financial statements for the year ended 31 March 2021

11. Creditors: Amounts falling due within one year

11. Creditors: Amounts falling due within one year
Accruals & Deferred Income
Property Loan Creditors
HMRC PAYE
12. Net incoming resources for the year
This is stated after charging:
Depreciation
Accountancy Fees
13. Cash In Hand and at Bank
Natwest Bank
Metro Bank		 2021
£
17,984
3,800
6,427
28,211
2021
£
763
750
1,513
2021
£
21,859
500
22,359		 2020
£
11,134
10,300
6,427
27,861
2020
£
1,010
650
1,660
2020
£
6,578
500
7,078

14. Analysis of Net Assets Between Funds

Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 31st March 2021		 General
Designated Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
2,272
-
-
2,272
22,359
-
-
22,359
(28,211)
-
-
(28,211)
(3,580)
-
-
(3,580)

Page 15

Hope Assembly

Notes forming part of the financial statements for the year ended 31 March 2021

15. Movements in Funds
Unrestricted Funds:
General Funds
Total Funds		 At 1 Ap Incoming Outgoing
Transfers
At 31 March
2020 Resources
Resources
2021
[Inc Gains]
£
£
£
£
£
(17,748)
55,524
(41,356)
(3,580)
(17,748)
55,524
(41,356)
-
(3,580)

16. Transactions with related parties

During the previous and current year under review, the charity had no related parties' transactions.

Page 16

Hope Assembly

Income and Expenditure Account for the Year Ended 31 March 2021

Income
LESS OVERHEADS
Premises Costs
Hire of Hall
Council Tax/Business Rates
Property Maintenance
Cleaning/Waste Management
Lease Rental
Building Insurance
Light & Heat
Fire & Alarms
Planning Application
Bank Charges
Bank Charges
Administration
Printing, Postage and Stationery
Telephone & Internet
Ministry
Pastoral Allowance
Salaries
Events,Seminars & Conferences
Gift to Charities & Visiting Ministries
Musicians
Donations & Love Gifts
Honourarium
Books, DVDs, CDs
Professional Fees
Legal & Professional Fees
Audit & Accountancy Fees
Support Costs
Depreciation
Repairs & Renewals
Music & Sundry Equipment
Sundries
Total Expenses
Surplus/(Deficit) for the year
Surplus/(Deficit) Brought Forward
Surplus/(Deficit) Carried Forward		 2021
£
55,524
-
1,331
-
472
23,000
-
133
360
-
25,296
-
-
665
539
1,204
-
6,750
200
-
2,000
1,150
2,150
-
12,250
500
750
1,250
763
-
343
250
1,356
(41,356)
14,168
(17,748)
(3,580)		 2020
£
44,651
2,660
1,179
1,983
-
19,600
449
157
-
487
26,515
40
40
565
447
1,012
600
6,000
1,000
100
2,200
200
750
180
11,030
850
650
1,500
1,010
300
-
-
1,310
(41,407)
3,244
(20,992)
(17,748)

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