2021-03-31-accounts - Hope Church (Newtown)

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	7
Report ofthe Independent Auditors	8	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes tothe Cash Flow Statement		15
Notes tothe Financial Statements	16 to		26
Detailed Statement of Financial Activities	27	to	28

TRUSTEES	Rev A L Hewitt Minister	Rev A L Hewitt Minister	Rev A L Hewitt Minister
	Rev D H Curgenven		Minister
	Rev SR Curgenven		Minister
	Mr LAllen Teacher
	M RAllport Dispatch		Manager
	D M Allport Sales Consultant
COMPANY SECRETARY	Mrs A Morgan
REGISTERED OFRCE	Dolfor Road
	Newtown
	Powys
	SY161JD
REGISTERED COMPANY	06287732 (England and Wales)
NUMBER
REGISTERED CHARITY	1120696
NUNIBER
AUDITORS	Morgan GrNiths	LLP
	Chartered Accountants
	Statutory Auditor
	Cross Chambers
	9High Street
	Newtown
	Powys
	SY162NY
BANKERS	Barclays Bank pic
	3Cross Buildings
	Newtown
	POWYS
	SY162AJ

						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		F	F	F
INCONIE AND ENDOWMENTS		FROM
Donations and legacies			2	472,164	60,425	532,589	942,082
Charitable activities
Nursery							357,270
Ministry				10,147		10,147	26,954
Other trading activities				1,435		1,435	3,736
Investment income				17,694		17,694	112
Total				501,440	60,425	561,865	1,330,154
EXPENDITURE ON
Raising funds				909		909	2,889
Charitable activities
Nursery							323,148
Ministry				456,254	60,425	516,679	412,079
Total				457,163	60,425	517,588	738,116
NET INCOME				44,277		44,277	592,038
RECONCILIATION	OF FUNDS
Total funds brought	forward			4,935,574	15,574	4,951,148	4,359,110
TOTAL FUNDS CARRIED FORWARD				4,979,851	15,574	4,995,425	4,951,148

		31.3.21	31.3.20
	Notes
FIXEDASSETS
Tangible assets	14	6,206,324	6,173,316
Investments	15	1	1
		6,206,325	6,173,317
CURRENT ASSETS
Debtors	16	100,305	6,093
Cash at bank		214,071	341,068
		314,376	347,161
CREDITORS
Amounts falling due within one year	17	(76,992)	(68,086)
NET CURRENT ASSETS		237,384	279,075
TOTAL ASSETSLESSCURRENT
LIABILITIES		6,443,709	6,452,392
CREDITORS
Amounts faIling due after more than one year	18	(1,448,284)	(1,501,244)
NETASSETS		4,995,425	4,951,148
FUNDS
Unrestricted funds		4,979,851	4,935,574
Restricted funds		15,574	15,574
TOTAL FUNDS		4,995,425	4,951,148

					31.3.21	31.3.20
				Notes
Cash flows from	operating		activities
Cash generated from operations					279,456	586,386
interest paid					(44,751)	(56,444)
Net cash provided	by operating activities				234,705	529,942
Cash flows from	investing		activities
Purchase oftangible fixed assets					(216,562)	(1,008,633)
Purchase offixed	asset investments					(1)
Interest received					194	112
Net cash used in	investing	activities			(216,368)	(1,008,522)
Cash flows from	financing		activities
Loan repayments	in year				(50,305)	(99,588)
Loan to subsidiary					(95,029)
Net cash used in	financing	activities			(145,334)	(99,588)
Change in cash	and cash		equivalents
in the reporting	period				(126,997)	(578,168)
Cash and cash equivalents			at the
beginning ofthe	reporting		period		341,068	919,236
Cash and cash equivalents			at the end
ofthe reporting	period				214,071	341,068

	RECONCILIATION	RECONCILIATION	OF	NET INCOME TO NET CASH FLOW	NET INCOME TO NET CASH FLOW	NET INCOME TO NET CASH FLOW	FROM OPERATING ACTIVITIES	FROM OPERATING ACTIVITIES	FROM OPERATING ACTIVITIES
								31.3.21	31.3.20
									E
	Net income forthe		reporting			period (as per the Statement	of
	Financial Activities)							44,277	592,038
	Adjustments	for:
	Depreciation	charges						183,554	63,688
	Interest received							(194)	(112)
	Interest paid							44,751	56,444
	Decrease in debtors							817	5,375
	Increase/(decrease)		in creditors					6,251	(131,047)
	Net cash provided		by	operations				279,456	586,386
2.	ANALYSIS OF CHANGES				IN	NET DEBT
							At 1.4.20	Cash Row	At 31.3.21
									F
	Net cash
	Cash at bank						341,068	(126,997)	214,071
							341,068	(126,997)	214,071
	Debt
	Debts falling	due within		1 year			(46,547)	(2,655)	(49,202)
	Debts falling	due after 1 year				(1,501,244)		52,960	(1,448,284)
						(1,547,791 )		50,305	(1,497,486)
	Total					(1,206,723)		(76,692)	(1,283,415)

DONATIONS AND	LEG	ACIES
			31.3.21	31,3.20
Tithes offerings and	gifts		386,856	324,430
Mission income			3,955	2,682
Gift aid			64,260	85,849
Building fund			17,093	529,121
Grants			60,425
			532,589	942,082
Grants received, included		in the above, are as follows:
			31.3.21	31.3.20
			F
HMRC Coronavirus	Job	Retention Scheme	60,425
OTHER TRADING	ACTIVITIES
			31.3.21	31.3.20
				E
Coffee shop income Room hire			1,435	3,736
			1,435	3,736
INVESTMENT INCOME
			31.3.21	31,3.20
			E
Rents received			17,500
Deposit account interest			194	112
			17,694	112

	INCOME FRO	M CHARIT	A	BLE ACTIVITIES
						31.3.21	31.3.20
				Activity
	Nursery income			Nursery			356,961
	Other income			Nursery			309
	Departmental	income		Ministry		1,314	12,317
	Life Group income			Ministry			4,214
	Other income			Ministry		8,983	4,696
	AOG - salary contribution
	and chaplaincy	service
	receipts			Ministry		(150)	5,727
						10,147	384,224
6.	RAISING FUNDS
	Other trading	activities
						31.3.21	31.3.20
						E	F
	Purchases						1,956
	Investment management		costs
						31.3.21	31.3.20
	Property repairs					S09	933
	Aggregate amounts					909	2,889
7.	CHARITABLE	ACTIVITIES		COSTS
					Direct	Support
					Costs (see	costs (see
					note 8)	note 9)	Totals
						E
	Ministry				509,897	6,782	516,679

DIRECT COSTS OF CHARITABLE ACTIVITIES	DIRECT COSTS OF CHARITABLE ACTIVITIES	DIRECT COSTS OF CHARITABLE ACTIVITIES
			31.3.21	31.3.20
Trustees' remuneration	etc		117,317	97,035
Staff costs			92,456	351,101
Other operating leases				17,512
Repairs &cleaning &water			15,855	11,335
Insurance			7,990	8,830
Light and heat			11,609	13,546
Telephone			5,531	3,879
Postage and stationery			2,565	2,966
Advertising			95	1,191
Sundries			128	651
Gifts, flowers and hospitality			5,911	6,051
Books and literature			1,585	430
Travel			170	5,972
Missions			3,600	4,413
Ministry Gifts and outreach			12,184	20,930
Department accounts			4,474	16,905
Nursery costs				36,416
Life group accounts Training and conferences			122	1,782 2,099
Depreciation			183,554	63,688
Interest payable and similar charges			44,751	56,444
			509,897	723,176
SUPPORT COSTS
				Governance
				costs f
Ministry				6,782
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			31,3.21	31.3.20
				E
Auditors' remuneration			3,000	3,000
Auditors' remuneration	for	non audit work	455	1,068
Depreciation - owned assets			183,554	63,690
Other operating leases				17,512

TRUSTEES' REMUNERATION	AND BENEFITS
		31,3.21	31.3.20
		F	F
Trustees' salaries		85,397	85,092
Trustees' social security		8,148	8,171
Trustees' pension contributions	to money purchase schemes	23,772	3.772
		117,317	97,035

STAFF COSTS
			31.3.21	31.3.20
				F
Wages and salaries			169,056	410,915
Social security costs			9,989	22,826
Other pension costs			30,728	14,395
			209,773	448,136
The average monthly	number ofemployees	during the year was as follows:
			31.3.21	31.3.20
Trustees			3	3
Ministry			5	7
Nursery				17
				27

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			F
INCOME AND ENDOWMENTS		FRONI
Donations and legacies			592,082	350,000	942,082
Charitable activities
Nursery			357,270		357,270
Ministry			24,767	2,187	26,954
Other trading activities			3,736		3,736
Investment income			112		112
Total			977,967	352,187	1,330,154
EXPENDITURE ON
Raising funds			2,889		2,889
Charitable activities
Nursery			323,148		323,148
Ministry			412,079		412,079
Total			738,116		738,116
NET INCOME			239,851	352,187	592,038
Transfers between	funds		350,000	(350,000)
Net movement in funds			589,851	2,187	592,038
RECONCIUATION	OF FUNDS
Total funds brought forward			4,345,723	13,387	4,359,110
TOTAL FUNDS CARRIED FORWARD			4,935,574	15,574	4,951,148

TANGIBLE FIXEDASSETS
		improvements	Fixtures
	Freehold	to	and
	property	property	fiNngs	Totals
				F
COST
At 1 April 2020	6,074,532	4,184	483,836	6,562,552
Additions	170,869		45,693	216,562
Disposals		(4,184)		(4,184)
At 31 March 2021	6,245,401		529,529	6,774,930
DEPRECIATION
At 1 April 2020	160,738	4,184	224,314	389,236
Charge for year	137,781		45,773	183,554
Eliminated on disposal		(4,184)	-	(4,184)
At 31 March 2021	298,519		270,087	568,606
NET BOOK VALUE
At 31 March 2021	5,946,882		259,442	6,206,324
At 31 March 2020	5,913,794		259,522	6,173,316

16.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31,3.21	31.3.20
					F
	Amounts owed by group undertakings			95,029
	Prepayments and accrued	income		5,276	6,093
				100,305	6,093
17.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31.3.21	31.3.20
	Bank loans and overdrafts	(see note 19)		49,202	46,547
	Trade creditors			244	3,455
	Social security and other taxes			3,492
	Other creditors				1
	Accrued expenses			24,054	18,083
				76,992	68,086
18.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE		YEAR
				31,3.21	31.3.20
					F
	Bank loans (see note 19)			1,448,284	1,501,244
19.	LOANS
	An analysis ofthe maturity	of	loans is given below:
				31.3.21	31.3.20
				F
	Amounts falling due within	one year on demand:
	Bank loans			49,202	46,547
	Amounts falling between one Bank loans -1-2 years		and two years:	48,917	49,202
	Amounts falling due between		two and five years:
	Bank loans - 2-5years			160,657	155,139
	Amounts falling due in more than five years:
	Repayable by instaiments: Bank loans more 5yr by instal			1,238,710	1,296,903
	The loan is repayable over	25years and the rate ofinterest is2.75% above base rate.

31.3.21	31.3.20
F	F
1,497,486	1,547,791

ANALY	SIS OF NETASSETS	BElWEEN FUNDS
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		F	F		F
Fixed assets		6,206,324		6,206,324	6,173,316
Investments		1		1	1
Current	assets	298,802	15,574	314,376	347,161
Current	liabilities	(76,992)		(76,992)	(68,086)
Long term liabilities		(1,448,284)		(1,448,284)	(1,501,244)
		4,979,851	15,574	4,995,425	4,951,148

MOVEM	ENT	IN FUNDS
				Net
				movement	At
			At 1,4.20 F	in funds F	31.3.21 f
Unrestricted		funds
General	fund		4,932,971	44,277	4,977,248
Designated		Fund - CAP	2,603		2,603
			4,935,574	44,277	4,979,851
Restricted funds
Church	Planting		13,387		13,387
Activate			2,187		2,187
			15,574		15,574
TOTAL	FUNDS		4,951,148	44,277	4,995,425

			Incoming	Resources	Movement
			resources	expended	in funds
				F	E
Unrestricted	funds
General fund			501,440	(457,163)	44,277
Restricted funds
HMRC Coronavirus		Job Retention
Scheme			60,425	(60,425)
TOTAL FUNDS			561,865	(517,588)	44,277

Compar	ativ	es for movement in f	unds
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds f	31.3.20
Unrestricted		funds
General	fund		4,343,120	239,851	350,000	4,932,971
Designated		Fund - CAP	2,603			2,603
			4,345,723	239,851	350,000	4,935,574
Restricted		funds
Church	Planting		13,387			13,387
Stewardship Activate				350,000 2,187	(350,000)	2,187
			13,387	352,187	(350,000)	15,574
TOTAL	FUNDS		4,359,110	592,038		4,951,148

Comparative	net movement in funds, inc	luded in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		F	F	F
Unrestricted	funds
General fund		977,967	(738,116)	239,851
Restricted funds
Stewardship Activate		350,000 2,187		350,000 2,187
		352,187		352,187
TOTAL FUNDS		1,330,154	(738,116)	592,038

		31.3.21	31,3.20
INCOME AND ENDOWMENTS
Donations and legacies
Tithes offerings and gifts		386,856	324,430
Mission income		3,955	2,682
Gift aid		64,260	85,849
Building fund		17,093	529,121
Grants		60,425
		532,589	942,082
Other trading activities
Coffee shop income			3,736
Room hire		1,435
		1,435	3,736
Investment income
Rents received		17,500
Deposit account interest		194	112
		17,694	112
Charitable activities
Departmental income		1,314	12,317
Nursery income			356,961
Life Group income			4,214
Other income		8,983	5,005
AOG - salary contribution	and chaplaincy
service receipts		(150)	5,727
		10,147	384,224
Total incoming resources		561,865	1,330,154
EXPENDITURE
Other trading activities
Purchases			1,956
Investment management	costs
Property repairs			933
Charitable activities
Trustees' salaries		85,397	85,092
Trustees' social security		8,148	8,171
Trustees' pension contributions		23,772	3,772
Ministry &Nursery wages		83,659	325,823
Carried forward		200,976	422,858

			31.3.21	31.3.20
Charitable activities
Brought forward			200,976	422,858
Social security			1,841	14,655
Pensions			6,956	10,623
Other operating leases				17,512
Repairs 8 cleaning	&water		15,855	11,335
Insurance			7,990	8,830
Light and heat			11,609	13,546
Telephone			5,531	3,879
Postage and stationery			2,565	2,966
Advertising			95	1,191
Sundries			128	651
Gifts, flowers and hospitality			5,911	6,051
Books and literature			1,585	430
Travel			170	5,972
Missions			3,600	4,413
Ministry Gifts and outreach			12,184	20,930
Department accounts			4,474	16,905
Nursery costs				36,416
Life group accounts				1,782
Training and conferences			122	2,099
Freehold property			137,781	17,903
Fixtures and fittings			45,773	45',785
Bank loan interest			43,459	54,984
Bank and credit card charges			1,292	1,460
			509,897	723,176
Support costs
Governance costs
Auditors' remuneration			3,000	3,000
Auditors' remuneration		for non audit work	455	1,068
Legal fees			3.327	7,983
			6,782	12,051
Total resources expended			517,588	738,116
Net income			44,277	592,038