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2022-05-31-accounts

REGISTERED CHARITY NUMBER: 1106433

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31st May 2022 for

H.O.P.E Ministries Limited

H.O.P.E Ministries Limited

Contents of the Financial Statements for the Year Ended 31st May 2022

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 2022

The trustees present their report with the financial statements of the charity for the year ended 31st May 2022. 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 2022

Report from the Trustees of H.O.P.E Ministries 2021 - 2022

Review of Activities

In keeping with our vision and as a small charity we continue to review our undertakings and our continued aim is to reflect growth and work through changes as we navigate towards desired outcomes.

We also continue to work in partnership with other organisations, particularly those delivering money, management, courses.

For over 20 years we have worked in conjunction with the salvation army, through organising and actively participating in the distribution of food and clothing to those who are homeless and those trying to find new and improved ways of living. This venture is supported by the local police, local authority, and other agencies.

We lay great importance in our spiritual growth and through prayer, and the imparting of prayer skills, guidance, and counselling through teaching, which enables us to provide support to the members of the community.

Plans

We value people and how they function in society. Therefore, the Ministry has a desire through our aims and objectives to empower individuals through discipleship.

Our continued aim is to:

The above focuses are mediums to provide opportunities for personal change which includes elements of our vision ‘Challenging behaviours and changing lives.’ This involves us encouraging partners of the Ministry to consistently apply biblical principles of the Kingdom of God in all areas of our lives, including the workplace and the community.

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 2022, 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:

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

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. 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

28/02/2023

Page 4

H.O.P.E Ministries Limited

Statement of Financial Activities for the Year Ended 31st May 2022

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
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
40,906
1
40,907
41,890
560
42,450
-1,543
35,375
33,832		 Designated
Funds
0
0
0
2,286
2,286		 2022 Total
Funds
40,906
1
40,907
41,890
560
0
42,450
-1,543
37,661
36,118		 2021 Total
Funds
30,741
14
30,755
36,149
400
0
36,549
-5,794
43,455
37,661

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 2022

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
7,189
26,083
1,100
27,183
-540
26,643
33,832
33,832		 Restricted
Funds
2,286
2,286
2,286
2,286
2,286		 2022 Total
Funds
7,189
26,083
3,386
29,469
-540
28,929
36,118
36,118
33,832
2,286
36,118		 2021 Total
Funds
8,078
21,055
8,928
29,983
-400
29,583
37,661
37,661
35,375
2,286
37,661

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 28th February 2023 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 2022

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 2022
£
1		 2021
£
14

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021.

Trustees' Expenses

Trustees' expenses paid for the year was Nil. Trustee expenses for 2020/2021 was Nil

4. STAFF COSTS

Wages and salaries
5. GOVERNANCE COSTS
Independent Examination and Statutory accounts preparation		 2022
£
12,200
12,200
2022
£
540
540		 2021
£
16,320
16,320
2021
£
400
400

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 2022

5. TANGIBLE FIXED ASSETS

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
At
01/06/2021
General fund
35,375
Transfers between funds and Debtors
Designated Funds
Special Offerings
2,286
TOTAL FUNDS
37,661
Net movement in funds, included in the above are as follows:
Incoming
Resources
Unrestricted funds
General fund
40,907
Designated Funds
Special Offerings
0
TOTAL FUNDS
40,907
Page 8		 2022
£
42,592
0
42,592
34,514
889
35,403
7,189
2022
£
25,433
650
26,083
2022
£
540
540
Net
movements
in funds
-1,543
0
-1,543
Resources
Expended
-42,450
0
-42,450		 2021
£
42,592
0
42,592
33,478
1,036
34,514
8,078
2021
£
13,786
2,060
15,846
2021
£
400
250
At
31/05/2022
33,832
2,286
36,118
Movement in
Funds
-1,543
0
-1,543

H.O.P.E Ministries Limited

Detailed Statement of Financial Activities for the Year Ended 31st May 2022

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
Light, Power and Heating
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		 2022
£
40,906
40,906
1
40,907
12,200
0
0
12,200
20,448
0
20,448
0
70
1,774
0
1,117
72
0
889
0
70
194
0
477
850
1,275
0
0
184
2,270
9,242
560
0
560
42,450
0
0
0
-1,543		 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
0
1,170
0
537
203
38
9,084
400
675
1,075
36,549
0
0
0
-5,794

This page does not form part of the statutory financial statements Page 9