**Charity Registration No. 1102481**
**Company Registration No. 4734031 (England and Wales)**
## **HOPE CHURCH OSWESTRY**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **HOPE CHURCH OSWESTRY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
J Price B Jenkins Mrs M E Smith (Appointed 28 February 2022)
## **Secretary**
R Elmitt
**Charity number** 1102481 **Company number** 4734031 **Registered office** Market Gate Salop Road Oswestry SY111 2NR
## **Independent examiner**
Azets 5 - 7 Beatrice Street Oswestry Shropshire United Kingdom SY11 1QE
## **HOPE CHURCH OSWESTRY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustee's report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 16|
## **HOPE CHURCH OSWESTRY**
## **TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The Trustees present their report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The Charity's objects are the advancement of the Christian Faith, the provision of a place or places of Worship and the promotion and provision of activities to meet social need, in Oswestry, the surrounding areas and elsewhere.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
## **Achievements and performance**
Hope Church Oswestry faced a severe disruption of its activities and services following the government’s social restrictions in response to the Covid pandemic. All physical meetings were stopped and most activities moved online.
Some staff were furloughed and resources were diverted towards contracting a digital and social media manager to enhance the work of the church online through Youtube, Facebook and Instagram.
Regular activities that have continued online through the year, include:
- Sunday Church services
- Prospects group for people with learning disabilities
- Weekly youth group took place online and in person when this was allowed
- 10 small groups met weekly for community and spiritual development
- Fun Club and Rise met physically when restrictions allowed
- Our lunch club transformed itself into a delivery service for the older people
There has continued to be good progress with our plans to construct a new church building in the centre of Oswestry. A building company has been chosen and the final stages of preparation to start construction have taken place with construction starting shortly after the end of the current year. The new community rooms at Marketplace have completed their refurbishment and are now available for church and community use.
The launch of the Compass supported housing project with four residents and a team of volunteers providing support, was challenging given social restrictions but is an exciting expansion of the community work of the Church
We currently employ:
- Pastor/Church Leader (full time)
- Children & Youth Worker (full time)
- Community & Outreach Facilitator (part time)
- Cleaner (part time)
The church has once again been active in supporting other organisations locally including CTOD, Foodbank and the School's Worker Christian Project. The church has also continued to support (financially and in prayer) overseas mission organisations plus a church member who is working overseas.
Our facilities continued to be used by other community and statutory organisations.
## **Financial review**
- 1 -
## **HOPE CHURCH OSWESTRY**
## **TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
Despite Sunday offerings ceasing – the successful move to more online giving has meant that the church is in a sound financial position, with sufficient funds to be able to meet our current commitments.
The trustees have concluded that an appropriate level of reserves for the Church to hold in its general fund should be £21,500 plus the value of any fixed assets held within the general fund.
The Trustees has assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Charity is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
D Hughes (Resigned 13 October 2021) E Bebb (Resigned 19 February 2022) J Price B Jenkins Mrs M E Smith (Appointed 28 February 2022)
New Trustees are appointed from the Membership following votes by the board and membership.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustee's report was approved by the Board of Trustees.
..............................
## **B Jenkins**
Dated: .........................
- 2 -
## **HOPE CHURCH OSWESTRY**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOPE CHURCH OSWESTRY**
I report to the Trustees on my examination of the financial statements of Hope Church Oswestry (the Charity) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 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 financial statements 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 financial statements to be reached.
## Azets
5 - 7 Beatrice Street Oswestry Shropshire SY11 1QE United Kingdom
Dated: .........................
- 3 -
## **HOPE CHURCH OSWESTRY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**2022**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
92,407
-
87,142
Investment income
**4**
16,134
-
-
Other income
**4**
5,724
-
-
**Total income**
114,265
-
87,142
**Expenditure on:**
Raising funds
**5**
15,267
-
-
Charitable activities
**6**
86,772
-
41,662
**Total resources expended**
102,039
-
41,662
**Net income for the year/**
**Net movement in funds**
12,226
-
45,480
Fund balances at 1 April 2021
204,501
112,038
669,748
**Fund balances at 31 March 2022**
216,727
112,038
715,228|**Total**
**2022**
**£**
179,549
16,134
5,724
201,407
15,267
128,434
143,701
57,706
986,287
1,043,993|Total
2021
**£**
249,035
5,313
12,265|
|---|---|---|
|||266,613|
|||12,909|
|||147,027|
|||159,936|
|||106,677
879,610|
|||986,287|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **HOPE CHURCH OSWESTRY**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
Investment properties
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Restricted funds
**15**
Unrestricted funds - designated
General unrestricted funds|**2022**
**£**
**£**
577,278
346,951
924,229
7,858
410,761
418,619
(28,837)
389,782
1,314,011
(270,018)
1,043,993
715,228
112,038
216,727
1,043,993|**2021**
**£**
**£**
536,034
341,799
877,833
7,573
107,818
115,391
(6,937)
108,454
986,287
-
986,287
669,748
112,038
204,501
986,287|**2021**
**£**
**£**
536,034
341,799
877,833
7,573
107,818
115,391
(6,937)
108,454
986,287
-
986,287
669,748
112,038
204,501
986,287|
|---|---|---|---|
||||877,833
108,454|
||||986,287
-|
||||986,287|
||||669,748
112,038
204,501|
||||986,287|
- 5 -
## **HOPE CHURCH OSWESTRY**
## **BALANCE SHEET (CONTINUED)**
## _**AS AT 31 MARCH 2022**_
|||**2022**|||**2021**||
|---|---|---|---|---|---|---|
|**Notes**|**£**||**£**|**£**||**£**|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on .........................
.............................. B Jenkins **Trustee**
## **Company Registration No. 4734031**
- 6 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
Hope Church Oswestry is a private company limited by guarantee incorporated in England and Wales. The registered office is Market Gate, Salop Road, Oswestry, SY111 2NR.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property 2% on cost Fixtures and fittings 25% on cost Computers 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.6 Investment properties**
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
## **1.7 Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Donations and gifts
92,407
87,142
**For the year ended 31 March 2021**
111,743
137,292|**Total**
**2022**
**£**
179,549|Total
2021
£
249,035|
|---|---|---|
|||249,035|
- 9 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **4 Charitable activities**
||**Investment**|**Other income**|**Total**|**Total**|
|---|---|---|---|---|
||**income**||**2022**|**2021**|
||**2022**|**2022**|||
||**£**|**£**|**£**|**£**|
|Charitable activities income|16,134|5,724|21,858|17,578|
## **5 Raising funds**
|**Unrestricted**
**funds**
**general**
**2022**
**£**
Investment management
15,267
15,267|Total
2021
£
12,909|
|---|---|
||12,909|
- 10 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Charitable activities**
|**Activities**
**direct**
**2022**
**£**
Staff costs
54,497
Depreciation and impairment
-
Church running costs
30,473
Mission
-
Property running costs
-
Telephone
-
Printing, postage and stationery
-
Subscriptions
-
Sundry expenses
-
Mortgage interest
3,342
88,312
88,312
**Analysis by fund**
Unrestricted funds - general
46,650
Restricted funds
41,662
88,312
**For the year ended 31 March 2021**
Unrestricted funds - general
53,374
Restricted funds
43,863
97,237|**Grant**
**funding**
**2022**
**£**
-
-
-
12,027
-
-
-
-
-
-
12,027
12,027
12,027
-
12,027
21,140
-
21,140|**Support**
**costs**
**2022**
**£**
-
8,350
-
-
6,486
699
1,175
4,415
6,970
-
28,095
28,095
28,095
-
28,095
28,650
-
28,650|**Total**
**2022**
**£**
54,497
8,350
30,473
12,027
6,486
699
1,175
4,415
6,970
3,342
128,434
128,434
86,772
41,662
128,434|**Total**
**2021**
**£**
82,701
8,652
14,536
21,140
8,044
1,171
1,835
7,645
1,303
-|
|---|---|---|---|---|
|||||147,027|
|||||147,027|
|||||103,164
43,863|
|||||147,027|
|||||103,164
43,863|
|||||147,027|
## **7 Trustees**
One trustee, Mr D Hughes, was remunerated as pastor during the year and received a salary of £21,908(2021 - £40,167). Mr Hughes was also reimbursed expenses as a result of his employment. He received no reimbursement of expenses for his role as trustee.
No other trustees were reimbursed for expenses during the year (2021 - none).
- 11 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **8 Employees**
The average monthly number of employees during the year was:
|Employees
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
3
**2022**
**£**
51,037
61
2,372
53,470|**2021**
**Number**
4|
|---|---|---|
|||**2021**
**£**
77,115
1,968
2,972|
|||82,055|
There were no employees whose annual remuneration was £60,000 or more.
## **9 Tangible fixed assets**
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation and impairment**
At 1 April 2021
Depreciation charged in the year
At 31 March 2022
**Carrying amount**
At 31 March 2022
At 31 March 2021
**10**
**Investment property**
**Fair value**
At 1 April 2021
Additions
At 31 March 2022|**Freehold**
**property**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
601,013
6,657
29,199
49,593
-
-
650,606
6,657
29,199
66,364
6,485
27,985
7,961
86
303
74,325
6,571
28,288
576,281
86
911
534,649
171
1,214|**Total**
**£**
636,869
49,593|
|---|---|---|
|||686,462|
|||100,834
8,350|
|||109,184|
|||577,278|
|||536,034|
|||**2022**
**£**
341,799
5,152|
|||346,951|
- 12 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**10**|**Investment property**|||**(Continued)**|
|---|---|---|---|---|
||Investment property comprises commercial property known as Marketgates,||Oswestry.||
|**11**|**Debtors**||||
||||**2022**|**2021**|
||**Amounts falling due within one year:**||**£**|**£**|
||Other debtors||6,767|4,700|
||Prepayments and accrued income||1,091|2,873|
||||7,858|7,573|
|**12**|**Loans and overdrafts**||||
||||**2022**|**2021**|
||||**£**|**£**|
||Bank loans||296,677|-|
||Payable within one year||26,659|-|
||Payable after one year||270,018|-|
|**13**|**Creditors: amounts falling due within one year**||||
||||**2022**|**2021**|
|||**Notes**|**£**|**£**|
||Bank loans|**12**|26,659|-|
||Accruals and deferred income||2,178|6,937|
||||28,837|6,937|
|**14**|**Creditors: amounts falling due after more than one year**||||
||||**2022**|**2021**|
|||**Notes**|**£**|**£**|
||Bank loans|**12**|270,018|-|
- 13 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
|**1 April 2020**||**resources**|**expended**
**1 April 2021**||**resources**|**expended**|**31 March**|
||**£**|**£**|**£**|**£**|**£**|**£**|**2022**
**£**|
|Building Fund|565,227|93,429|-|658,656|48,822|(3,342)|704,136|
|Local||||||||
|Outreach|11,092|43,863|(43,863)|11,092|38,320|(38,320)|11,092|
||576,319|137,292|(43,863)|669,748|87,142|(41,662)|715,228|
The Building Fund represents funds raised to purchase new premises.
Smaller funds represent those funds raised for ongoing projects run by the church.
- 14 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**16**
**Analysis of net assets between funds**
Fund balances at 31 March 2022 are represented
by:
Tangible assets
Investment properties
Current assets/(liabilities)
Long term liabilities|**General**
**Designated**
**Restricted**
**2022**
**2022**
**2022**
**£**
**£**
**£**
996
112,038
464,244
-
-
346,951
215,731
-
174,051
-
-
(270,018)
216,727
112,038
715,228|**Total**
**2022**
**£**
577,278
346,951
389,782
(270,018)
1,043,993|General
Designated
2021
2021
£
£
34,784
112,038
-
-
169,717
-
-
-
204,501
112,038|Restricted
2021
£
389,212
341,799
(61,263)
-
669,748|Total
2021
£
536,034
341,799
108,454
-|
|---|---|---|---|---|---|
||||||986,287|
- 15 -
## **HOPE CHURCH OSWESTRY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
- 16 -