REGISTERED CHARITY NUMBER: 1106433
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st May 2021 for
H.O.P.E Ministries Limited
H.O.P.E Ministries Limited
Contents of the Financial Statements for the Year Ended 31st May 2021
| Page | |
|---|---|
| Reference and Administration | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 8 |
| Detailed Statement of Financial Activities | 9 |
H.O.P.E Ministries Limited
Reference and Administration Details
Registered Charity number
1106433
Company Number
5109190
Principal address
Keys Court 82 - 84 Moseley Street Birmingham B12 0RT
Trustees
Maria Bramwell Carl Corbett Kiran Simpson-Mullings
Company Secretary
Nicola Munroe
Independent Examiner
Angela Bent AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX
Bankers
National Westminister plc 1 St Phillips Place Birmingham West Midlands B3 2PP
Page 1
H.O.P.E Ministries Limited
Report of the Trustees for the Year Ended 31st May 2021
The trustees present their report with the financial statements of the charity for the year ended 31st May 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
COMMENCEMENT OF ACTIVITIES
The charity commenced activity in May 2004
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Structure, Governance and Management
H.O.P.E. Ministries is a charitable company limited by guarantee without having a Share Capital.
The directors who are also trustees of the charity have served either throughout or during the period. The Trustees are chosen from the membership. The Trustees meet at regular intervals to manage the affairs of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The church currently undertakes regular risks assessments. All persons having contact with children in a leadership capacity are CRB checked. There are regular fire safety examinations internally every year and there will be external independent examination every three years. Any decision of a financial nature are sactioned by at least two trustees. Any accounting and expenditure is carried out transparently and any member is at liberty to view details of any transactions.
OBJECTIVES AND ACTIVITIES
Statement of Objectives and Public Benefit
H.O.P.E Ministries was established for the advancement of Christian Religion. The relief of hardship need and distress are also included. In planning the charity’s activities for the year the trustees kept in mind the Charity Commission guidance on public benefit at their meetings.
We aim to:
Improve and develop new protocols for reviewing programs and activities Strenthen the formal structure around our leadership board
Wider network
H.O.P.E Ministries Limited is currently affiliated to Christian International Europe, Christians Against Poverty and The Salvation Army
Related parties
There are no related parties
Page 2
H.O.P.E Ministries Limited Report of the Trustees for the Year Ended 31st May 2021
Report from the Trustees of H.O.P.E Ministries 2020 - 2021
Review of Activities
We have suffered personal loss of members of the church and supporters. Amidst these challenges we find ourselves like many other charities having to restructure, rethink and redistribute our resouces in order to meet the needs of our members and our community. Covid continues to bring a tremendous amount of challenges for us all. We are so thankful for all the support and indeed sacrifice made by many of our partners, friends and supporters.
Amidst the challenges we have refocused our priorities, guided by our mission and have focused on teaching through the various means available to us. We are truly grateful for technology and the media presence it has afforded us to contunue to reach all people.
We recognise communication is vital to support the work of the ministry especially at this time where there is a lot going on in our world; we cannot stand still. We are continually working to further develop our virtual presence. We have also returned to our corporate fellowship meetings, within the current new government guidelines.
We have invested in equipment to better meet the needs of our homeless outreach activities.
We consider it a great honour that by God's grace we have been able to continue to be of service to our members and our community
Maria Bramwell
Page 3
Independent Examiner’s Report to the Trustees of H.O.P.E Minstries Limited
I report on the accounts of the charity for the year ended 31st May 2021, which are set out on pages 5 to 9.
Respective Responsibilities of the Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
There are no issues
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Angela Bent
AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX
30th March 2022
Page 4
H.O.P.E Ministries Limited
Statement of Financial Activities for the Year Ended 31st May 2021
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income 2 Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs 5 Other resources expended Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward Adjustment opening TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds 30,741 14 30,755 36,149 400 36,549 -5,794 41,148 21 35,375 |
Designated Funds 0 0 0 2,286 2,286 |
2021 Total Funds 30,741 14 30,755 36,149 400 0 36,549 -5,794 43,434 21 37,661 |
2020 Total Funds 41,389 98 |
|---|---|---|---|---|
| 41,487 | ||||
| 49,619 1,452 0 |
||||
| 51,071 | ||||
| -9,584 53,018 |
||||
| 43,434 |
There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities
Page 5
H.O.P.E Ministries Limited
Balance Sheet At 31st May 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 Designated funds TOTAL FUNDS |
Unrestricted Funds 8,078 21,055 6,642 27,697 -400 27,297 35,375 35,375 |
Restricted Funds 2,286 2,286 2,286 2,286 2,286 |
2021 Total Funds 8,078 21,055 8,928 29,983 -400 29,583 37,661 37,661 35,375 2,286 37,661 |
2020 Total Funds 9,114 13,786 20,734 |
|---|---|---|---|---|
| 34,520 -200 |
||||
| 34,320 | ||||
| 43,434 | ||||
| 43,434 | ||||
| 41,148 2,286 |
||||
| 43,434 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on the 31st March 2022 and were signed on its behalf by:
Maria Bramwell
Page 6
H.O.P.E Ministries Limited Notes to the Financial Statements for the Year Ended 31st May 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets for use by the church are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less estimated residual value over their expected useful lives
Furniture and Equipment 10% per annum reducing balance Office Furniture 20% per annum reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Deposit account interest | 2021 £ 14 |
2020 £ 98 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' Expenses
Trustees' expenses paid for the year was Nil. Trustee expenses for 2019/2020 was £23.00
4. STAFF COSTS
| Wages and salaries 5. GOVERNANCE COSTS Independent Examination and Statutory accounts preparation Legal Costs |
2021 £ 16,320 16,320 2021 £ 400 0 400 |
2020 £ 20,060 |
|---|---|---|
| 20,060 | ||
| 2020 £ 125 1,327 |
||
| 1,452 |
These notes form part of the financial statements
Page 7
H.O.P.E Ministries Limited
Notes to the Financial Statements - continued for the Year Ended 31st May 2021
| 5. TANGIBLE FIXED ASSETS COST Cost b/fwd Additions Cost C/Fwd DEPRECIATION Accumulatd Depreciation b/fwd Charge for the year Accumulatd Depreciation C/fwd NET BOOK VALUE At 31 May 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift-Aid Tax relief Other Debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accountancy Fee 9. MOVEMENT IN FUNDS Unrestricted Funds General fund Transfers between funds and Debtors Designated Funds Special Offerings TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Designated Funds Special Offerings TOTAL FUNDS |
At 01/06/2020 41,148 2,286 43,434 Incoming Resources 30,755 0 30,755 |
2021 £ 42,592 0 42,592 33,478 1,036 34,514 8,078 2021 £ 18,995 2,060 21,055 2021 £ 400 400 Net movements in funds -5,773 0 -5,773 Resources Expended -36,528 0 -36,528 |
2020 £ 41,448 1,144 |
|---|---|---|---|
| 42,592 | |||
| 32,482 996 |
|||
| 33,478 | |||
| 9,114 2020 £ 13,786 0 |
|||
| 13,786 | |||
| 2020 £ 200 |
|||
| 250 | |||
| At 31/05/2021 35,375 2,286 |
|||
| 37,661 | |||
| Movement in Funds -5,773 0 |
|||
| -5,773 |
Page 8
H.O.P.E Ministries Limited
Detailed Statement of Financial Activities for the Year Ended 31st May 2021
| INCOMING RESOURCES Voluntary income Donations Investment income Bank account interest Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Employee costs: Wages and salaries Staff training and welfare Travel and subsistence Premises costs: Rent Storage General administrative expenses: Telephone and fax Stationery and printing Insurance IT Software Subscriptions Bank charges Card Processing Fees Depreciation Charitable Donations Gifts and Flowers Homeless Ministry Honorariums Hospitality and Catering Musicians and Singers Equipment Expensed Equipment Hire Website expenses Sundry expenses Legal and professional costs: Accountancy fees Other Legal and Professional Fees Other operating income Bank interest Surplus / Loss for Year |
2021 £ 30,741 30,741 14 30,755 16,320 100 0 16,420 9,970 0 9,970 0 1,000 1,919 261 705 72 134 1,036 1,000 134 329 500 46 1,170 0 537 203 38 9,084 440 635 1,075 36,549 0 0 0 -5,794 |
2020 £ 36,349 |
|---|---|---|
| 36,349 98 |
||
| 36,447 20,060 3,777 537 |
||
| 24,374 13,050 1,448 |
||
| 14,498 88 968 1,988 111 525 72 41 996 60 482 492 136 1,305 2,885 552 0 0 46 |
||
| 10,747 125 1,327 |
||
| 1,452 51,071 5,040 |
||
| 5,040 0 -9,584 |
This page does not form part of the statutory financial statements Page 9