REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR HOPE COMMUNITY CHURCH (A COMPANY LIMITED BY GUARANTEE) CHARITY NUMBER 1118923 COMPANY NUMBER 06181631
HOPE COMMUNITY CHURCH Contents of the Accounts for the ear ended 31 March 2024 Pa eNo. Company information page Report of the Directors Trustees Annu81 report Independent Examiners Report lo the Truslees Statement of Financial Activities Balance Sheet Notes to the Accounts 9-13
HOPE COMMUNITY CHURCH Com an Information For the ear ended 31 March 2024 DIRECTORS.. K. Poxon P.1. Brayshaw J. Tellwright S. Rochester C. Maina R. Hirschi REGISTERED OFFICE.. Hope Community Church Upper Hunlbach Street Hanley Stoke-on-Trent Staffordshire ST12BX REGISTEREO NUMBER.. 06181631 (England and Wales) ACCOUNTANTS.. G.E. Shenton & Co Ltd St. Pauls House North Street Newcaslle-under-Lyme Slaffordshire ST5 1AZ
HOPE COMMUNITY CHURCH Re ort of the Directors for the ear ended 31 March 2024 The directors present their report, together with the financial statements for the year ended 31 March 2024. Results The Statement of Financial Activities is set out on page 7 and shows the net incoming resources for the period. Princi al activities Tradin Review and Future Develo ments The company s principal activity is the provision of help and support to people inside and outside the church community. The company was incorporated on 23 March 2007. The result for the year was a surplus of £3,508 (2023.. Surplus £12,092) and this has been added to the total reserves carried forward. The Trustees continue lo generate revenue for the church in a number of ways. Member donations are a core strand, with these being maximised through encouraging the use ofthe Government's Gifl Aid Scheme, which enables a further 250/0 of donations to be reclaimed. In addition, since January 2024 the Financial Director has expanded this by inlroducing use of the Governments Gift Aid Small Donations Scheme. The second major income stream is room hire and we have increased our prices. We have retained our existing clients and income has further increased with new clients. Looking ahead, in June 2024 the church received a substantial bill relating to buildinglroof maintenance and Landlord incurred costs. As good stewards of the charity's resources, the Trustees have negotiated repayment over a period of18 months interest free. Over the next 18 months we anticipate meeting the cost of the repair through.. an opportunity for additional one-off member giving within the financial year 2024-25., a general increase in member giving as the church has increased in size., continuing room hire opportunities., and use of reseNes where neSsary. The Trustees are realistic about the financial challenges for the financial period 2024-2025 but positive in their approach to meeting these. We still anticipate having sufficient income to cover necessary investment such as new IT equipment. Dlrectors The directors of the company during the year were.. Mrs. Karen Poxon Mr. Philip lan Brayshaw Mrs. Janet Tellwright Mrs. Sasha Rochester Mrs. Caroline Maina Mr. Raphael Hirschi This report has been prepared in accordance with the provisions of part15 of the Companies Act 2006 applicable lo companies subject to the small companies regime. This report was approved by Ihe board on 7 November 2024 and signed on its behalf. MRS. S. ROCHESTER Director
HOPE COMMUNITY CHURCH Trustees Annual Re ort for the ear ended 31 March 2024 Administration Details Address.. Hope Community Church, Upper Huntbach Street, Hanley, Sloke-on-Trent, Staffs., ST12BX Hope Community Church is a registered charity with the Charity Commissioners (Registration Number 11189231 and as a company limited by guarantee is governed by ils Memorandum and Articles of Association. DirectorslTrustees Mrs. Karen Poxon Mr. Philip lan Brayshaw Mrs. Janel Tellwright Mrs. Sasha Rochester Mrs. Caroline Maina Mr. Raphael Hirschi Bankers Lloyds plc serves the Management Commillee as Bankers. Solicitors Geldards Solicitors act as solicitors to Ihe Charity and provide advice on charity matters. Accountants G.E. Shenton & Co Ltd, Chartered Certified Accountants, Sl. Pauls House, North Street, Newcastle, Slaffs., ST5 1AZ Chari 's Ob ectives and Activitie5 durin the ear Ob'ects and activities The objects of the Company are for the benefil of the public.. a) to advance the Chr¥stian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the directors from lime to time may think fit; b) to relieve sickness and financial hardship and to promote and preseNe good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the directors from lime to time think fit,. and c) to advance educalion in such ways and in such parts of the United Kingdom or the world as the directors from time to lime may think fit.
HOPE COMMUNITY CHURCH Trustees Annual Re ort for the ear ended 31 March 2024 Overview We are delighted that the church has experienced sustained growth during this period, with the addition of many new families moving into the area for work and joining the church, as well as further new asylum seekers. The level of commitment at Hope Community Church remains high and the Trustees would like to thank the congregation for their faithfulness and their financial support. During this period up to April 2024, there were no changes lo the Trustees. The Trustees had regard lo the public benef5t when planning the activities of the church. Below is a summary of the church's activities in furtherance of its objects during the year.. Weekly Sunday church services for corporate worship, prayer, communion, Bible leaching, encouragemenl, fellowship and Hope Kids United children's worship and leaching. Edited highlights of the Sunday services available on YouTube. Monthly youth group meetings. Regular family services. Fortnightly Life Groups in homes across the city for discussion of Bible passages, practical application, prayer and mutual support. Prayer meetings including a new oas1onal. longer gathering. Bible teaching and discussion meetings with Farsi interprelalion. Baptism services Social evenls Men's and women's events offering 8 mixture of social and spiritual activities. Pastoral support and mentoring. Prayer text message facility. Provision of devotional materials. Provision of teaching materials in Farsi. Lending library of Chrislian books Participation in local inter-denominational services for worship and prayer. Minislerfs participation in local inter-denominational church leaders, fellowship. Weekly free computerfinternel access and Job Club. Weekly Foodbank distribution sessions. Trussell Trust figures show that our Foodbank Centre distributed 3 days, worth of food to 1,471 people. Regular donations of food to the Sloke-on-Trenl Foodbank totalling 315.41 kg. Minister served on the committee of the Northwood Residents, Association. Minister Seed as a governor of the Esprit Multi-Academy Trust for part of the year. Support given to local schools with class talks and assembly. Low-cosl hire of church premises to charities and adult education and Iraining. Financial donations to Stoke-on-Trent Foodbank, Beacon House of Prayer, Soul Aclion in South Africa and Compassion.
HOPE COMMUNITY CHURCH Trustees Annual Re ort for the ear ended 31 March 2024 Finance There was a net surplus for the year of £3,508 compared lo a reported surplus of £12,092 for 2023. Total income increased by £2,299 and total expenditure increased by £10,883. Our overall closing cash position is £2,670 higher than 2023 which is allributed to decreases in room letting income of £2,037 bul increases in donations of £5,653. Net current assets was £50.520 this year compared with £48.411 in 2023. Reserves olic The charity has adopted a reserves policy the aim of which is to have reseNes of £50,000, which comprises.. A specific reserve of £35,000 to cover unforeseen emergencies or drop in income. This figure is based on approximately 3 months operating costs with an extra £5000 for emergency maintenance and equipment replacement. £15,000 available in the current account lo safely cover monthly cash flow. Use of Reserves The reserves are held for the following purposes and may be used for them in accordance with the Hope Expenditure Policy.. operating costs that are not covered by income emergency maintenance equipment replacement. Polic Review This Policy is reviewed annually ready for publishing il with the accounts. Polic lementation We are pleased that our Reserve al the end of the 2023-2024 period had increased lo £48,876. However, this still falls slightly short of the £50,000 target. We continue lo aim to transfer £100 a month into savings accounts lo build up a Specific Reserve. Further sums will be transferred when available until the target is met. MR. P.1. BRAYSHAW Chair of Trustees Signed on behalf ofthe Trustees of Hope Community Church 7 November 2024
HOPE COMMUNITY CHURCH Inde endent Examiners Re ort to the Trusteeslmembers of Ho e Communit Church We reporton the accounls ofthe Companyforthe ended 31 March 2024 (charity number1118923) which are sel outon pages 7t013. Res eclive res onsibilities of Trustees and Examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Truslees consider that an audil is not required for this year under Section 144 of the Charities Act 2011 {the Charities Act) and that an independent examination is needed. The charity's gross income was less than £250,000 bul we are qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accounlanls. Having satisfied ourselves that the charity is not subject lo audit under company law and is eligible for independenl examination, it is our responsibility to.. examine the accounts under section 145{1)(a) of the Charities Act lo follow the procedures laid down in Ihe general directions given by the Charity Commission under section 145(51(b) of the Charities Act, and to state whether particular matters have come lo our attention. Basis of Inde endenl Examiners Re ort Our examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such malters. 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. Inde endent Examiners Statement In connection wilh our examination, no matter has come to our attention- l. which gives us 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 and with the methods and principals of the Slatement of Recommended Practice, Accounting and reporting by Charities. have not been met., or 2. to which, in our opinion, allenlion should be drawn in orderto enable a proper understanding of the accounts to be reached. Sl. Pauls House, North Street, NEWCASTLE_UNDER_LYME Staffs 8 November 2024 G. E. SHENTON & CO LTD Chartered Certified Accountants
HOPE COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Notes Unrestricted Restricted INCOMING RESOURCES Donations £75,431 £1,120 £76,551 £70,898 Charitable activities 17,415 17,415 19,767 Other income 1,695 1,695 2,988 Investment income 332 332 41 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct Charitable expenditure 85,226 2,637 87,863 77,522 Other expenditure.. Funding and Publicity 2,311 2,311 2,040 Management and Administration TOTAL RESOURCES EXPENDED NET OUTGOING IINCOMING RESOURCES BEFORE TRANSFERS 3,330 178 3,508 12,092 GROSS TRANSFERS BETWEEN FUNDS NET OUTGOING IINCOMING RESOURCES BEING ALSO THE NET MOVEMENT IN FUNDS 3,330 178 3,508 12,092 TOTAL FUNDS BROUGHT FORWARD 292 137 293 275 281183 TOTAL FUNDS CARRIED FORWARD 295 467 296 783 293 275
HOPE COMMUNITY CHURCH BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible Fixed Assels £316,417 £319,345 CURRENT ASSETS Debtors and prepaymenls £9,956 £9.706 Cash at bank and in hand 10 CREDITORS.. Amounts fallin one ear due within Creditors and accruals 3,789 3,446 Mortgage 11,12,13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 366,937 367,756 CREDITORS: Amounts fallin than one ear due after more Mortgage 11,12.13 NET ASSETS 296 783 293 275 REPRESENTED BY.. FUNDS AND RESERVES Unrestricted funds 14 296 783 293 275 The directors state: that for the year ended 31 March 2024 the company was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. b. that members have not required the company lo obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section 476 ofthe Companies Act 2006, and that they acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and Ihe preparation of the accounts. The accounts have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies. The company has opted not to file a copy of its Profit and Loss al Companies House in accordan with Seclion 444 of the Companies Act 2006. Signed S. ROCHESTER Director The accounls were approved by the directors and were aulhorised by them for issue on 7 November 2024
HOPE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (al Basis of accountin These accounts have been prepared underthe historical cost convention with ilems recognised al cost ortransaction value unless otheiSe slated in the relevant notes to these accounts and in accordance with FRS102, the Financial Reporting Standard UK and Republic of Ireland and with the Charities Act 2011. (b) Grants Grants are recognised in the Statement of Financial Activities {SOFA) on an accruals basis following the satisfaction of any pre-conditions. {c} Donations fundraisin and Gifts Donations, gifts and fund raising are recognised in the accounts on a received basis with the exception of items donated for sale in the charity shop which are only included as income when they are sold and until then are not valued and lax recoverable on gift aid. Gifts in kind are valued at their value lo the charity. No value is assigned lo donaled facilities, nor lo items provided for raffle prizes or consumption by users of the church. {d) Le acies Legacies are included in the SOFA when the full amount has been reived. {e) Contributions b members and all other income These are 811 recognised in the financial statements when receivable. 10 endilure and su ort cosls Expenditure is recognised on an accruals basis and where incurred on activities falling directly within one cost category is included accordingly. The support costs of the charity which include wages and salaries, premises, telephone, printing, postage, stationery, equipment hire, subscriptions, training and insurance are allocated based on Ihe level of activity. The percentages applied are.. Direct charitable expenditure Fundraising and publicily Management and administration Ig) Ca italisation Fixed Assets are recorded al cost. Expenditure on leasehold property, fixtures. equipment and office equipment which exceeds £250 and provides a long term benefit is capitalised. (h) reciation and amortisalion Provision for depreciation of fixed assets held for use by the charity is made at annual rates calculated to write down their cost over their useful lives. The rates and bases have been reviewed accordingly this year, based on their expected useful lives. The deprecialion rates currently in use are.. 100 years straight line basis 25 years straighl line basis Leasehold property Fixtures and equipment Taxation No provision for taxation is included in the accounts as the charity is entitled to exemption from tax afforded by Section 505 of the Income and Corporation Taxes Acl 1988. li.) Debtors Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. (kl Creditors Short term creditors are measured al transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10. HOPE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (l} Resetves olic The charity has adopted a reserves policy the aim of which is lo have reserves of £50,000, which comprises.. A specific reserve of £35.000 lo cover unforeseen emergencies or drop in income. This figure is based on approximately 3 months operaling costs with an extra £5000 for emergency maintenance and equipment replacement. £15,000 available in the current account to safely cover monthly cash flow. Use of Reserves The reserves are held for the following purposes and may be used for them in accordance with Ihe Hope Expenditure Policy.. operating costs that are not covered by income emergency maintenance equipment replacement. Polic Review This Policy is reviewed annually ready for publishing it with the accounts. (m) Leased assets A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations underfinance leases are initially recognised as assets and liabilities al amounts equal to the fair value of the leased assets or. if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainly that ownership will be oblaiF)ed at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. In) Pensions Contributions lo defined contribution plans are expensed in the period to which they relate. DONATIONS AND LEGACIES 2024 Tolal 2023 Total Unreslricled Restricted Donations.. Voluntary income Tax recoverable on Gifl Aid £62,685 £1,120 £63,805 £59,547 12746 11 351 76 551 70.898 CHARITABLE ACTIVITIES 2024 Total 2023 Total Unreslricled Restricted Youth work activity Room lellings 16.368 16,368 18,405 Church Development activity 17415 19 767
HOPE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 4. OTHER INCOME Unrestricted Reslricted 2024 2023 Sundry grants £1695 £2 988 ANALYSIS OF TOTAL RESOURCES EXPENDED Staff costs Other costs 2024 2023 Total Total De reciation Direct charitable expenditure.. Unrestricted £42,546 £4,282 £38,398 £85,226 £75,738 Restricted 2637 1784 42,546 4,282 41,035 87,863 77,522 Other expenditure.. Fundraisir)g and publicity 1,119 112 1,080 2,311 2,040 Management and administration 112 2311 2040 43 195 92 485 81602 2024 2023 Reslricled costs Other costs: Direct charitable costs Mission and outreach donations £6,179 £3,298 Activities 873 520 ort costs Premises £21.887 £19,330 Printing, postage, stationery and telephone 2,833 2,492 Legal and professional 1.331 1,734 Bank charges 251 269 Mortgage interest 4,951 4,090 Subscription and fees TOTAL NET INCOMING RESOURCES FOR THE YEAR 2024 2023 This is staled after charging-. Depreciation
12. HOPE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 7. STAFF COSTS 2024 2023 Wages and salaries £35,241 £32,350 Social security costs 3.608 3,378 Pension costs During the year the charity employed an average of 1 employees {2023.' 1). No employees earned more than £60,000 per annum in this or the previous year. 8. FIXED ASSETS Leasehold ro ert Furniture and ui ment Total Cost.. At 1 April 2023 £345,000 £23,933 £368.933 Addilions At 31 March 2024 345 000 370511 reciation.. At 1 April 2023 Charge for the year 41,820 7,768 49,588 At 31 March 2024 Net book value.. At 31 March 2024 299 695 316417 At 31 March 2023 303 180 319 345 9. DEBTORS AND PREPAYMENTS 2024 2023 Debtors £4,918 £5,574 Prepayments 10. CASH AT BANK AND IN HAND 2024 2023 Lloyds Current account Lloyds Savings Account Kingdom Savings Account Cash in hand £17,449 £17,914 14,100 12,567 16,510 15,138 817 587 11. LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors £3,789 £3,446 Mortgage account
13. HOPE COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 12. LIABILITIES - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Mortgage account £70 154 £74 481 13. MORTGAGE ACCOUNT The Company has a mortgage secured on the leasehold property. Obligations falling due are as follows.. 2024 2023 Amounts payable with 12 months Amounts payable after 12 months bul within 5 years Amounts falling due for payment afler more than 5 years £17,090 £16,220 14. ANALYSIS OF NET ASSETS BY FUND 2024 Total 2023 Total Unreslricled Restricted Fixed assets Current assets £316,417 20 9501 £316,417 £319,345 19 634} 295 467 296 783 293 275 15. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES None of the members or trustees of the charity. with the exception of Mr. P.1. Brayshaw (Senior Minister). were remunerated directly or indirectly during the year ended 31 March 2024 (see Note 7). 16 CONTINGENCIES AND CONTRACTUAL COMMITMENTS In the opinion of the trustees and members of Ihe company al 31 March 2024 there were no contingent liabilities and no contractual liabilities. 17. OTHER INFORMATION Hope Community Church is a private company limited by guarantee and incorporated in England (Registered Number 06181631). Its registered office is Upper Hunlbach Street, Hanley, Stoke-on-Trent, Staffordshire. ST12BX.