Charity number: 1089232
HOPE LONDON COMMUNITY CHURCH
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
LUBBOCK FINE LLP
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB

HOPE LONDON COMMUNITY CHURCH
CONTENTS
Page
Reforencg and Administrativo Dotails of the Charity, its Trusteos and Advisgrs
Trustees. Report
Independent Examiner's Report
ststement of Flnanclal Actlvltles
Balance Sheet
Notes to the Financial Statements
9-18

HOPE LONDON COMMUNITY CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees
Nicholas Laval Law Pak Chong, Chair
Sophina Tsang
Andre Kieron Hitchman
William Michael Van Der Byl
Charty registered
number
1089232
Prlnclpal offlce
17D Oval Road
London
NW1 7EA
Accountants
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 Sl Paul's Churchyard
London
EC4M 8AB
Bankers
Barclays Bank PIC
1 North End Road
Croydon
Surrey
CR9 1RN
Page 1

HOPE LONDON COMMUNITY CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present the annual report together with the financial statements of Hope London Community
Church Ilhe charityl for the period from 1 January 2020 10 31 December 2020. The Trustees confim that the
Annual Report and financial statements of the Charity comply with the current statutory requirements, the
requirements of the Charity's governing document and the provisions of the Ststemenl of Recommended
Practice ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Oryanlsatlonal structure
Hope London Community Church IHLCCI, registered as a Charity in November 2001, is governed by its Trust
Deed lor, the Conslitulionl which was adopted on 28 September 2001 and amended on 23 May 2020. The
Charity is managed by the Board of Trustees who meet lo consider the progress of the Charity and its future
direction. The Trustees meet at least once a year.
The trustees who served during the year and Sin￿ the year end were..
Nicholas Laval Law Pak Chong (Chairl
Sophina Tsang
Jennifer Li (Resigned on 5th March 20201
William Michael Van der Byl Isecrelaryl
Andre Kieron Hitchman {appoinled 8 May 2020, confirmed al AGM 25 October 20201
Method of appointment or election of trustees
Trustee appointments are governed by Clause F of the Constitution which slates that Trustees shall be elected
at the annual general meeting.
Governance and management
The governance structure of the Charity consists of the pastor, the Executive Committee and the Trustees. The
pastor will be the overall spiritual overseer of the Charity and shall provide pastoral leadership and spiritual
guidan￿ to the Executive Committee and members. The Executive Committee, as defined by clause G of the
Conslilulion, consists of some senior members and the pastor. They are responsible for providing pastoral and
spiritual guidance and ensuring the continuous improvement of the systems and processes concerned and the
overall direction, effectiveness, supervision and accountability of the Charity. The Trustees, as defined by clause
F are responsible for the management and administration of matters related to legislative compliance, duty of
prudence and duly of care.The management of the Charity is the responsibility of the Board of Trustees, working
closely with the Executive Committee. The day lo day office and administrative functions are managed by the
Church Pastor and volunteer administrative staff.
Risk Management
The Trustees conduct their own review of the major risks lo which the Charity is exposed and systems have
been established to mitigate those risks. Internal risks are minimised by the implemenlalion of proTrdures for the
aulhorisalion of all transactions and projects and lo ensure consislenl quality of delivery for all operational
aspects of the Charity. These procedures are periodically reviewed to ensure they still meet the needs of the
Charity.
Page 2

HOPE LONDON COMMUNITY CHURCH
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2020
OBJECTIVES AND ACTIVITIES
The objectives of the Charity, as defined by its Constitution, are "for the advancement of the Christian religion,
for the advancement of education in the Christian religion and in related subjects and for the relief, in accordance
with Christian principles, of poverty, sickness and distress.
The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when
reviewing the Trust's aims and objectives, and in planning future activities for the year.
HLCC activities are..
1. To advance the Christian religion in England and Wales, mainly London.
2. To advance the education of the public in the Christian religion.
3. The advancement of the Christian religion mainly, bul not exclusively, by means of broadcasting the
Christian religion messages of an evangelistic and leaching nature.
4. To advance the Christian religion for the benefit of the public through the holding of prayer meetings,
lectures, public celebration of religious festivals, producing and or distributing literature on the Christian
religion to enlighten others about the Christian religion.
5. The prevention or relief of poverty by providing items and seNices to individuals in need.
6. We welcome all age group and ethics regardless of personal background, faith, gender or personal
circumstances and we believe this philosophy of openness lo all enriches everyone through the sharing of
our teachings, skills, aptitudes and life experience.
Activities in relation lo each of the above during the year..
To achieve the object slated above, the charity has run a weekly Sunday worship service and Life Groups all
over London. Furthermore, the charity organises an annual conference, retreats and seminars, which help
members lo understand Christian principles and develop a closer relationship with other Christians. Because of
the COVID pandemic and subsequent restrictions, the annual conference and retreats were not held in 2020.
Since 22 March 2020, Worship Services, Life Groups and other activities were held virtually using appropriate
web-based plattorms.
Brief History..
Hope London Community Church started in 1998, as part of the Hope International Ministries IHIMI movement,
In order lo provide an alternative community for diverse groups of people in London. It exists to advance the
Christian belief through the education of Christian principles and participation in the community work. HLCC
registered as a charity with the Charity Commission in November 2001 and became independent of HIM and its
European connection, Hope Wesl Europe IHWEI, in 2019, ceasing to make financial contributions to the
organisalion.
The church also supports other charitable organisalions and other churches which pursue similar objectives in
UK, European Community and other countries worldwide.
ACHIEVEMENTS AND PERFORMANCE
Moetings of tho Council
During the period to 31 De￿mber 2020 the trustees held formal meetings once a year.
Meetings of the Executive Committeo
During the period to 31 December 2020, the Executive Committee met quarterly.
Funding
During this period. funds have been raised primarily through donations from regular and visiting members of the
hurch congregation as well as from special service held offerings for various occasions.
Membership of the Church
At 31 December 2020 there were about 40 people regularfy attending church events, i.e. Sunday services and
weekly life group meetings. No formal membership process exists, however regular attendees who meet the
criteria detailed in Clause E, commit lo serve in some capacity in Sunday services or weekly life groups. and
wish to be considered such are deemed to be members.
Page 3

HOPE LONDON COMMUNITY CHURCH
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2020
Other Activities
In March 2020, the venue was closed due to the legally-imposed COVID-19 pandemic restrictions. For this and
the safety of members and visitors, all activities were moved to an appropriate online plattorm for the remainder
of the year, and venue hire has not been charged by Sl Margaret Lothbury since enforced closure. These
restrictions also meant that visits to other Christian organisalions in Europe and Asia and mission work in the UK
and abroad was not possible during 2020.
During 2020 the charity made donations to other charities working with those groups heavily impacted by the
effects of the pandemic and lockdowns. In December a collection was taken for The Trussell Trust, with the
charity matching all donations from members.
On 12 March 2021, the Trustees were informed that the Executive Committee had agreed lo the Pastor's
request for a sabbatical year. As there wasn't currently, in the view of the Committee, sufficient appropriate
persons within the leadership lo lake on all the Paslorfs responsibilities and the uncertainly caused by the
pandemic, the majority of church activities would be paused for a period of lenlatively 12 months on the
understanding that the charity continue lo operate within the scope of ils constitution and continue to fulfil all
governance and legal requirements.
FINANCIAL REVIEW
The Church's income from donations for the year was £72,218 12019.. £69,274), including Gift Aid claims of
£8,65812019'. £7,684), and bank interest amounted lo £8612019.. £5311. The Church's total income for the year
was £72,864 12019.. £75,640) and il should be noted that the 2019 figures included some income and
expenditure designated lo HWE that does not apply lo the 2020 figures.
Total expenditure during the year was £25,43012019.' £64,220). The main components of this figure were..
Sunday service venue hire £5,57512019.' £28.5341
Special activities £3,3S912019.. £15,755)
Wages and salaries £nil12019". £3,501)
Seminar and mission expenses £8,27612019.' £7,986)
Investment pollcy and performance
The trustees invested the retained funds in a high interest savings account.
Flnanclal rlsk management oblectlves and pollcles
The charity minimises its intemal and external risks and improves inlemal control by the implementstion of
procedures for authorisation of all fi'nancial transactions and projects. By this, it is ensured that consistent quality
for all operational aspects of the charity is delivered.
As required by the Charity's SORP, Hope London Community Church undertook a strategic risk analysis of its
activities for the coming year. We recognise that il is our responsibility as charity's trustees lo ensure that such
analysis is done in order lo identify strategic risks of our acts'vities, lo assess the impact of those risks and lo tske
appropriate measures lo mitigate the risks involved.
The charity has identified the risks into four main categories." governance and management, operational risk,
financial risk and environmental factors. To miligale risks in terms of the governance and management, there will
be a regular ￿VIeW and enforcement of terms and procedures to aulhorize and approve expenses and payments
by all the trustees, especially with regards to individually incurred expenses. For the charity lo fulfi'l ils objective,
one of the key operational concerns is Sunday venue hire and ad hoc venue hire for special activities since they
are the main operating cost. The charity plans to have a regular review of the property fund policies and its
account. In terms of financial risks, they are lo be miligaled through a monthly review of budgeting and financial
situation. In addition, in terms of other environmentsl risks i.e. regulatory environment, the charity will have a
regular review of compliance pro￿dure and allocate a specific staff for this task to cope with more demands on
regulatory reporting requirements.
Page 4

HOPE LONDON COMMUNITY CHURCH
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2020
Reserves policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tsngible fixed
assets held by the charity should be between 3 and 6 months of the resources expended, which equates to
£6,357 10 £12,715 in general funds. At this level, the trustees believe that the current activities of the charity
would not be harmed in the event of a signifi'cant drop in funding. The charity's reseNes have been increasing
over the past few years beyond the above mentioned level, as a result of operating surpluses.
The Iruslees have set up a designated fund for the propety expenses i.e. future purchase of the propety, and
other venue expenses. However, in 2014, the Executive Committee decided to withhold the propety purchase
idea. Instead, the church focuses more on the mission trip which is the commitment to fulfil the church vision.
statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
stalemenls, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent",
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate lo presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity
and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by..
William Michael Van Der Byl
Trustee
Dale..05 october 2021
Sophina Tsang
Trustee
Page 5

HOPE LONDON COMMUNITY CHURCH
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
Independent Examiner's Report to the Trustees of Hope London Community Church {Ihe
charity'l
I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 December
2020.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 Acl'l-
I report in respect of my examination of the charity's account5 carried out under section 145 of the 2011 Act and
in carrying OLJt my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records," or
the accounts do not comply with the applicable requirements concerning 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 'lrue and fairf view which is not a maller considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charity's
Trustees those mallers l am required to stale to them in an Independent Examiner's 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.
Lfa4
Signed..
Lee Fa￿Y
Dated..
08 october 2021
Lubboek Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 St Paul's Churchyard
London
EC4M 8AB
Page 6

HOPE LONDON COMMUNITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestricted
funds
2020
Totsl
funds
2020
Totsl
funds
2019
Note
Income from:
Donations and legacies
Charitable activities
Investments
72,218
560
72,218
560
171
69,274
5,835
531
171
Total income
Expenditure on:
Charitable activities..
Other charitable activities
72,949
72,949
75,640
25,430
25,430
64,220
Total expendlture
25,430
25,430
64,220
Net income
Transfer of HIM and HWE
47,519
47,519
11,420
147,2081
11
47,519
47,519
Net movement in funds
Reeoneiliation of funds-
Total funds brought forward
Nel movement in funds
135,7881
328,555
47,519
328,555
47,519
364,343
135,7881
376,074
376,074
328,555
Total funds carried fonvard
The Ststemenl of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 10 18 form part of these financial statements.
Page 7

HOPE LONDON COMMUNITY CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2020
2020
2019
Note
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
13,766
370,067
13,614
317,809
383,833
331,423
Creditors.. amounts falling due within one
year
10
17,7591
12,8681
Net current assets
376,074
328,555
Total not assets
376,074
328,555
Charity funds
Restricted funds
Unreslricled funds
11
376,074
328,555
Total funds
376,074
328,555
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by".
UJAN DLY ty
William Mlchael Van Der Byl
Trustee
Dale.. 05 october 2021
Sophlna Tsang
Trustee
The notes on pages 9 10 18 form part of these financial statements.
Page 8

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities
p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of I￿land IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Hope London Community Church meets the definits'on of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless olhetwise
slated in the relevant accounting policy.
1.2 Going concern
The charity is in the main reliant upon donations to raise revenue lo meet future expenditure. The
Trustees consider that il is appropriate lo prepare the financial statements on a going concern basis.
This is based on the current level of reserves and assumes the charity will be suc￿Ssful in its
fundraising aclivilies. The financial statements do not include any adjustments that would result if
insufficient funds raised.
In formulating this assessment the Trustees have taken into consideration the potential impact of the
global COVID-19 pandemic.
1.3 Income
All income is recognised once the charity has entitlement to the income, il is probable that the income
will be received and the amount of income re￿1vable can be measured reliably.
Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
Tithes are recognised On￿ they have been pledged lo the charity.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing lo pay to obtain
ServI￿S or facilities of equivalent economic benefit on the open market,. a corresponding amount is
then recognised in expenditure in the period of receipt.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will 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 costs and shared costs, including support costs
involved in undertaking each activity. Direct costs allribulable to a single activity are allocated directly
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not allributable lo a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 9

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies Icontinuedl
1.5 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount Can be measure
reliably by the charity., this is normally upon notification of the interest paid or payable by the instilubon
with whom the funds are deposited.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially reeognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their ￿SIdual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases..
Plant and machinery
Fixtures and fittings
250/0 per annum on cost
250/0 per annum on cost
1.7 Debtors
Trade and other debtors are recognised at the selllemenl amount after any tmde diseounl offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charity anticipates it will pay to settle the debt or the
amount il has received as advanced payments for the goods or ServI￿S it must provide.
Trade and other creditors are recognised al the settlement amount after any trade discounts
received. Accruals are based on the estimated amount lo be paid.
1.10 Flnanelal 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 al transaction value and subsequendy
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page 10

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies Icontinuedl
1.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
1.12 Fund accounting
General funds are unrestricted funds which are available for use al 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 unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2020
Total
funds
2020
Total
funds
2019
Tithes and Offerings
Gift aid
63,560
8.658
63,560
8,658
61,590
7,684
72,218
72,218
69,274
Total 2019
69,274
69,274
Income from charitable activities
Unrestricted
funds
2020
Total
funds
2020
Total
funds
2019
Hope Fest (Retreat & Conference)
560
560
5,835
Total 2019
5,835
5,835
Page11

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Investment income
Unrestricted
funds
2020
Total
funds
2020
Total
funds
2019
Bank interest receivable - designated funds
Bank interest receivable - general funds
171
171
528
171
171
531
Total 2019
531
531
Analysis of expenditure by activities
Activities
undertaken
directly
2020
Support
costs
2020
Total
funds
2020
Total
funds
2019
Advan￿ment of Christian Faith
18,134
7,296
25,430
64,220
Total 2019
53,397
10,823
64,220
Analysis of direct costs
Adv'ment of
Christian
Faith
2020
Total
funds
2020
Total
funds
2019
Seminar and Mission expenses
Hall Hire
Special activities
Sunday expenses
Grant payable
3,276
5,575
3,370
913
5,000
3,276
5,575
3,370
913
5,000
7,986
28,534
15,755
1,122
Total 2020
18.134
18,134
53.397
Total 2019
53,397
53,397
Page 12

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Analysis of expenditure by activities Icontinuedl
Analysis of support costs
Adv'ment of
Christian
Faith
2020
Total
funds
2020
Total
funds
2019
Staff costs
Legal and professional
Musical supplies
Office administration expenses
Motor and travel expenses
Depreciation
Accountancy fees
Independent examination fees Igovernancel
Bank Charges
Loss on disposal of fixed assets
Communications and outreach contractor
Other
3.501
1,370
291
83
83
1,714
1,714
8S3
1,158
213
720
2,100
290
200
840
2,100
2,100
134
2,304
121
2,304
121
117
7,296
7,296
10,823
Total 2019
10,823
10,823
Staff costs
2020
2019
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
3,128
310
63
3.501
The average number of persons employed by the charity during the current and prior year was nil.
No employee received remuneration amounting to more than £60,000 in either year.
Total remuneration paid to key management personnel during the year was £nil12019 - £nill
Page 13

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits12019 - £NILI.
During the year ended 31 December 2020, no Trustee expenses have been incurred12019- £NILI.
Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Total
Cost or valuation
At 1 January 2020
8,432
12,982
21,414
At 31 December2020
8,432
12,982
21,414
Depreciation
At 1 January 2020
8,432
12,982
21,414
At 31 December2020
8,432
12,982
21,414
Net book value
At 31 December 2020
At 31 December 2019
Page 14

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Debtors
2020
2019
Due within one year
Other debtors
Prepayments and accrued income
13,766
13,390
224
13,766
13,614
10. Creditors: Amounts falling due within one year
2020
2019
other creditors
Accruals and deferred income
Grants accrued - institutional
239
2,520
5,000
348
2,520
7,759
2,868
Page 15

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
11.
ststement offunds
Statement of funds - current year
Balance at
31
December
2020
Balance at 1
January
2020
Income Expenditure
Unrestricted funds
Designated funds
Propety fund
98,131
85
98,216
General funds
General Funds
230,424
72,864
125,4301
277,858
Total Unrestrlcted funds
328,555
72,949
125,4301
376,074
Statement of funds - prior year
Balance at
31
December
2019
Balance at
l January
2019
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Propety fund
Tangible fixed asset fund
Hope West Europe IHWEI
Contribution
98,131
413
98,131
14131
29,745
25
300
130,0701
Hope Europe IHIMI
Contribution
41,678
13,8391
137,8391
169,967
25
13,9521
167,9091
98,131
General funds
General Funds
194,376
75,615
160,2681
20,701
230,424
Total Unrestricted funds
364,343
164,2201
147,2081
328,555
Page 16

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
ststement of funds Icontinuedl
The income funds of the charity Indude the following funds..
Designated funds
The trustees have set up a designated fund for the property expense i.e. future purchase of the property,
and other venue expenses. In 2014 the leadership team decided lo withhold the propety purchase idea in
the short term however this remains a long term objective.
The tsngible fixed asset fund represents the net book value of tangible assets, and has been designated
by the trustees to refleel the fact these funds a￿ not in liquid ft)rm and so are not expendable fLJnds.
Funds received from HWE and HIM regional charities in the prior year to 28 February 2019, were spent on
seminar missionary expenses and pastor salary in their specific regions.
Transfer of HIM and HWE
A decision was made in February 2019 for Hope London Community Church to become independent of
Hope International Ministries IHIMI and ils European structure Hope West Europe IHWEI and ceased to
make quarterly financial contributions lo these organisalions.
The accounts associated with these organisations were closed during 2019 and as from 28 February 2019
they are seperate entities responsible for their own operation and ￿POrting.
This resulted in the transfer of balances relating lo HIM and HWE from the charity as at 28 February 2019
as follows".
Bank balances £52,833
Creditors - £5,625
12. Analysls of net assets between funds
Analysls of net assets between funds - current perlod
Unrestrlcted
funds
2020
Total
funds
2020
Current assets
Creditors due within one year
383,833
17,7591
383,833
17,7591
Total
376,074
376,074
Page 17

HOPE LONDON COMMUNITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
12.
Analysis of net assets between funds Icontinuedl
Analysis of net assets between funds - prior period
Unre¥tri¢ted
funds
2019
Total
funds
2019
Current assets
Creditors due within one year
331,422
12,8671
331,422
12,8671
Total
328,555
328,555
13.
Pension commitments
The Charity operated a defined contribution pension scheme until 28 February 2019. The assets of the
scheme were held separately from those of the Charity in an independently administered fund. The
pension cost charge represents contributions payable by the Charity to the fund and amounted to £nil
12019 - £631 for the year. The balance payable as at the year end was £nil12019 - £nill.
14. Related party transactions
Un￿StrICted donations made by Trustees during the year lotalled £4,65012019 - £3,000).
15.
Post balance sheet events
The leadership of Hope London have decided lo pause the church setvices and activities for a sabatical
year from 15 March 2021 to 31 March 2022. At the end of this sabbatical year, the leadership team,
together with the trustees, will reconvene to decide the next chapter of Hope London. During this lime the
charity will continue to operate within the scope of ils constitution and continue to fulfil all govemance and
legal requirements.
Page 18