# Hop•Church IN•vrtovm) Contsnt8 altho Flnanc181 Stat•m•nts forthe Y•ar Ended 31 March 2022 R¢f¢r0￿ and Admlnl•tratlvo Datslls R•port ofth• T￿￿1 2 to 7 Report of th• Indop•ndont Audlto 8 b 11 St•t•m•nt of Fln•nelal Aetlvltl•• 12 811•n￿ Sh•ot 13 Cmh Flow Stst•m•nt 14 N¢)ts• to th• C••h Flow 8tat¢m•nt 15 Note• to th• Flnonclal 8tat•ments 16 to 28 O•tall•d Stat•m•nt of Flnanclal Actlvltl 27 to 28 Hop• chU￿h (N•wtown R¢f•rnn¢o •nd Admlnl¥trallvg D•tall$ ft>rthe Y•or Ended 31 March 2022 TrUSTEES Rev A L H￿tt Mlnlstsr Rev D H Curgenven Mlnlster Rev S R Curgenven Minlsler Mr L Ajlen Teacher M R Allptht Dl$patth Manager D M Allport Sales Consultant COMPANY SECRETARY frlr8 A Morgan REGISTERED OFFICE Dolfor Road SY18 1JD REGIsTE￿D COMPANY NUMBER c￿287732 (England Wales) REGISTERED CHARrrY NUMBER 1120 AUDrroRS Moryan Grlffith8 LLP Chartered Accountants Statutory Audltor Cross Chambern 9 Hlgh Street SY18 2NY 8ANKER8 Ba￿lay$ B•nk plc 3 Cro88 Bulldlngs SY16 2AJ Page 1 opè Church (Newtownl (ReglBtsrod numbBr. Of2877321 Rwrt ofthè Tvustsès forltho Y￿rEnded 31 March 2022 The Ifustees who are alw dlrectors of the charity for Ihe pu￿)SeS of the Comp8rMes 2008. present thelr Teport the ffirkancial stslements of the tharfty for the year ended 31 March 2022. The trustees have adopted the provisi¢)ns of Aetountin9 and RekK)rtlng ty Charftles: Statement of Recommendgd Pr8cb( applicable to chadlles prepartng thelr accounts in accordance wth the Flnandal Reporling Standard appli￿119 in the UK and Repubtic of Irel8r￿ (FRS 102) (effeclve 1 January 2019). OBJECTIVES AND ACTMTies Obl•ctlv•8 and alms The obledve8 of the dwlty as Stated In the trust deed are as foll￿+¥$.. To advance the ChdsI8n falth In accordance with the Statement In such ways and In 8uch part8 of the Unfted Klngdom or wortd 8s Iha tnthes from Ilme to time may thlnk flL To rellevo slckness and flnancSal hardshlp and to Promote and preserv¢ good health by thg p￿slon of funds. goods or se￿ceS of any klnd, Indudlng through the pro￿S￿on of counselllng and 8UPP)rt In such p8rb ofthe Unlted lQrydom or th8 world 88 Ihe trustee8 from Ime to Ilm• thIr￿ fi¢ To advance educaoon In 8uch ways arKI In such part8 of Ihe Unlted Klngdom or the world a8 the tru8tee8 from Ime to Ilme may thlnk flt The th8W8 8lm8. Includlng the thanges or dlfferences It 8eek8 to make, are govemad by th• Mlsslon Statement and Ihe Core Valueg. vknl¢h are $tst¢d on tho Church V•eb sh.. The Church 1$ 8edou8ly c0mmfft￿ to wod(Ing outslde of Its bulklng8 and Imp8cts tho Ilveg of hurHlredJ of people each week throl￿h It8 varf8ty of 8trateglc programmos. Vthen plannkng the for the year, the Church Leader8hl) Team h88 wnsldered tho Charfty Comml8slon'8 guldance on public bènefit and, In partlcular Ihe 8P8¢1fi¢ guldan¢8 on charflle8 for al)*ar￿ement of reuglon. (s￿1b)n 4 Charlues Act 20061. Pagè 2 Hvpo Chwth{N0Wtown) (Reg18t•r•d number. 06287732) Report ofth• T￿￿18¢1 forlh Y•8r Ertd￿ 31 March 2022 ACHIEVEMENT AND PERFORMANCE Post Cowd 19 the Churth has been able to get bad( Into a new•nomial and has gal￿d MoMe￿m. Key events during th& past Iwelvo months indLth follovkng: Our primary fcws of meeting as a commurllty of people to worship and leam. has rè*ngaged post¥*lse In the areas we are engaging with. W6 8ppolnted an EX￿bve Dlrector wll be overseelng the day-trtrday runnlng of the Foundation. The C)*ector a team of rhampi￿5, wll on Educalon, Families and the Communlty. Th8 Church ￿ntinued to L¥lebrat8 the blg annual events of Christrnas, Eastw, Falhets Day and Motherfs Day. Imth parddpatkjn from the Children. Adult C1￿1r$, dancets. musldans, sp88kers, host team5. caterers, r￿rk volunteas and many ¢Ah8rs bthose woth behlnd the scenes makes *Jth thnts happen. fcffimunity Christrnas,. now In Its 32TrJ Year was agoin able to meo1 the needs of lonely ar under-resourced people in our ¢ommunlty, vthen over 94 hot meals were delivered by the Church to people who had req￿ted h81p through Sodal SeNices. Affinlty C8re. Ponlhafren. Pobl Food &Jrplus. Sa￿a10n Amiy and Compass Care. We were gratefijl for the support to us by Ihe local bu5ine$8 ¢ommunity. espedally Woodroffe J6wellets, Maesmw Hall, and a grant by Newtovm & L￿n1￿haI0M Toy Counal. We are 9fdteful ￿aIn to Newtovm's SaTrJw¢h and Salad Bar, who donated all the Turkey. and hdpad by enmlng In and cook the meals us. Tru$ wonderful seThlc8 to vulnerable people was made possible by Ihe g￿ng of Hope Church members oftime and ffinance to make thls happen. ce again, Hopè was 8bl8 to provide 49 hamp￿ as port of Turkey Fesv whlch fredy re¥ourced 170 paople vAth the raw ingredients needed to make Chrislmas Dinner in their own homes. Liaising once mote Vlith Soual SeNlce4 Health Vi$ilors, POBL and the Mtsntgomeryshire Famity Crisis Centre. ensured th* these wore pffj￿ded lo those most at need. and the hampers were sourced ond delivered personally by members of We a(￿tIn[￿l 'Project Bac*paGk'. now in its tenth ygar, and Hoperfs donated 40 back-trtrs¢hool Back-packs ontaining essential Items for under4esourced young people. (linked to us through each of our loc21 Primary Schools) who were mo￿ng up to the High School. Eath Backpack ojntained a Bible and some lille treats from Hope too. We were grateful to The Woths. who gave us a dlscounl on dl the stationery, and Tesco, who gave us 8 donation. We recthd letters and texts of thanks and appreaation from these families. especialty this yearas family finances were ￿der Increas￿ finanrAal pressure. In assoclallon thousand5 of Chjrthes In the UK Hope Church hostgd an Course in the ALrtumn of 2021. meeting In person for the first time post-covid. it Was successful and meaningful boih for the guests arKI voluntears vAw ran IL This year we handed ¢wer to a new Admirllslrator. did a brflllant job along vrith their We also continued annual financaal giwng to fhrisban Solldarfty WOrf￿de, who woth to h8lp oprKe8sed and persecuted Christi8ns, especigmy in Afrtca. the Middle East and Asla. We were able to continue our syritual and pasthl OLrtreach into '8ethshan Nursing Homa, by provKling a ¢haplafft to take s8￿ceS in the home and b8 a sw)port to residents. staff famlly members. P¥g8 3 Hop• churCh{N￿t0Vfft) (Rogl#t4rnd numb•r: 06287732) R•port otth•TnNtw• forth• Year Ended 31 March 2022 Hope Day Nursery Is thrfwng In tls custom*uill l¢Jcation on Ihe grtyjnd floor. It Is nry•V In Its 15th year and has continued to reach its targets r6￿1vIng excellent Inspeclion reports from CSI. The Nursffly is In great demand. has a long walllng list and Works vAth the 'Ftying Start program in cooperalon ￿ Povrys County Council. The Communlty Internsl Company ICIC) direGlors wntinue to overseè and manage the leadwship of the Day Nur88ry. The ethos of the Nursery opgration Is a practicat ￿thorkIng of the Chaiivs alms and This year wntin[￿d our work ￿ prlmary Sca￿1 children through our parthershtp with TLG,. TLG is national organisation whith links churches schools and prO￿deS weekly one to one SUPFQrt for pupll8 who fa￿ personal or educational challenges. Hope Church's 8￿$t(ng ￿ n￿Y trained volunteers have been dolng 1-1 work wlth Inthwdual thlldren in Prtmary Schcols. Cknr the Summer Holidays, and In o)niuncOon wnh other wowdars In the tob%n, Hope ran a Hollday dub [￿￿dIng activliles, education, new Ilftrexperfences, and 8 substantial hot meal lo Chlldren of prfmary schc age. 'Happy Holidays. ran every Wednesday and Ftlday durfng August and had 63 chlldren being looked after by wlunleers. At the beginning of 2022 we laurKbed a w￿lOn M¢)nlh. Ow Senior Leader set the scene wlth semcffls *d Visiwasting for thg fijturg. The Chur¢h'$ mission statement that shapes and underfles or is.. Transforned People igniting Transformation in Others,. The three mafn oblecls of our church are to maximise our efforts, make discAples. and make a marked difference In our community. Thls r*w vtsion thusiastitslty ￿1Ved by th8 congregation. and olhgr partners we awage with in the to￿. LOO￿n9 foNRrds we have alrea(ty planrÈed how th8 Church, through Ihe Hub of H¢)pe, will make a massrve ¢Merenee to the lives ol people on the Maesyrhandir Estato over Easter. We have planned a Baptism Service for Easter Sunday and we antiripating an atmosphere of celebrdlion and meaning. We are looknng to strer￿then our connècti0r￿ with l¢xal organisAtions in ordw to m8ke a greater impaGt on the lives of people In our tsjmmunity. Wo want to eng8ge m¢)re people wlth the Apha Course. and raise furth to bg more proacove In meetirvJ the need5 of Ihe ¥oryally disadvantaged. As I8￿t glob81 events rtpple through the finances of even 4wr Nral community. we endeavour to mlnlster to the needs ofthose whom are able to help. FINANCIAL REVIEW Flnan¢ial posltlon The statement of Financtal Actiwties show a defidl for the y6ar of £3.896 (W21: surplus £44.2771. and reserves now slar#J al £4.g91,529 (2021 £4.995,4251. Prlnclpal fundlng sources The activities of the thur¢h fvnded prfmarily by th8 voluntsry gifts from Ihose attend the church arHI see 11 as thelr spiritual home. A slgnfficant amount is also rec8ived in tax redaimed under the Gift Ald Sch￿0. Olher grants have been recefved and most deparknents r￿se money from weekly fees. ttKk shops Its Is eXp￿ted that hlre resuluro from the re-building progrwn aiso be a slgnfficant source of income. The plans for this are, as expected delayed due lo the impact on the co￿19. We e8gerty awa the liftsng of restricliony thatwill allow us to move fop•¥ard In thts area. 18xpendlture b undertaken in line ￿ the charfvs objectives. Hop• Chur¢h ¢Now￿n> IR•glstsrnd nurnljer: 06287732) R•port olthe Tn*ts48 forth• YearEnded 31 March 2022 FINANCIAL REVIEW Invostment poll¢y and objoctlvos Th8 Trustees lake sedously thelr re8ponslblllty to ensure Ihat ffijnds are not put at rfsk, but also seek to achl8vé the hlghasl Inthsl possible whera surplus funds are In haml. Funds have ljeen spread a(¥oss vAdor ffinandal Inslilulions In order lo take advantsge of Govemmenl guar8nlees. In the next flnandal year, V• andcipatg a robjm to a mors regular uss of Charfty 6n¢ome for the ¢ontlnLAtlon of our Alms In the Church and the crJmmunlty. A long temi go￿18 to acwlre longer term assets whlch could provlda 8 8trong8r capttsl bo88 for the charivs oper8d(m￿. RO￿rY•S poIIcy Tha thurch keep8 SLrffident fiJnds In Its current •¢¢ount to covar at least 3 m¢Mlhs of nomal oulgolngs W9386, uUIIty bills alc. Surplu8 as dlscu88ed urKler Investmgnts are kept In Interèst*earfng accounts wlth Bardays, Klngdom Bank and ¢)thgrn, though Income from Interest conlnues to fall due to the contlnugd lull In Bank Tales. Fre8 re8erv88 Nthlch equthta to nat current 888ats {exdudlng re8trfcted fiJnd8) amount to £318,185 (2021: £221,810). FUTURE PLANS Over the 1881 12 months we have 8een m¢)re ￿ople uslng the fadllts8s from L￿th o Charftabh and Commerdal pOr¥po¢u￿ and V•* plan to expand on th1$ 08 we are now ta￿n9 boD￿n95 for 2023. We also want to IrKreas• thè hours our Coffe8 Bar Is open, and have been pro￿n9 a w8m 8P8ce durfng the Q)8t4)f-11￿ng cAlsb. provlng not lust a warn space but maal8 as ￿11. further enabllng us to engage ￿th the loGpl wmmunlty. Our wrrent 8dvlUe8 wll bo expandlno, and the weauon of new 8Ctlth¥ for l)oth membern of thg ¢hurch arKI vld•r communlty bacome posslble. Tho Hub of Hopo Foundallon conlnues to serve the local c¢)mmunlty and ¢h8 Introdudon of now activltss has been recalved well. Mor818 belng planngd as ￿ 0180 aGtsvely look for (undlng oPp￿￿nI08¥ In orthr for the Hub lo be 8elf-sufh¢lenL Ntyw that tho bulldlrvj work8 have baen Com￿eted. we wlll be rtrh)oWng at Investm￿t polldes 48 funds 8tart to r•bulld the charfty look8 to safegLwd its fij￿rn flnan¢oS. STRUCTU￿ GOVERNANCE AND MANAGEMENT G￿¢MIng documant Th? tharlty 1$ 8 charftable wmpany, Ilmtt8d by guarants6, Incorwaled on the 20th Jun8 2007 and ¥wemed by Its Memorandum and Nrfcles of Assoclallon. Thg subscrtblng members of th6 company undertake to conlthbutè £1 each In the event of Its wlnding up. Hope Community Church {Nevrtown} acqulred Its 8s8et8 under 8 tr8n$fer agreement from tho unin¢orporated charity HO￿ Communty Churth on the 27th February 2008, and sub8equenlty ¢hang8d118 name to Hop8 Church INthltTh￿) on 18th February 2012. R•crultm•nt and appolntmont of tru•t•e• New trustees are apFolnted by the Chur¢h counc￿ follo%•Ang consult8ti¢x* and prayer. No other tr￿1￿Ual or body 15 entitled to appo5nl trustees. Trustees are appolrrted al the Annual General Meetlng In accordance vllh th8 Trust Deed. Oryanls•tlonal structure Th8 lgadershlp of Ihe organtsalton L8 in the harKls of the Board of Trus￿$ 8rbsur8 that the charfty operate5 kg811y. m¢)rally and th finanaal Integrfty. The salaries of pald twstees are detenningd by n¢M-p81d tru5t¢e$ and other able Independent advisors. The tru5tse8 me81 monthSy lo undertake necessary b￿lnes& P¥ge S H¢)pw Church (Nevrtown) (R•glstsr•d numbèr. 06287732) Reportofth? Tw•t•é# farthe Year Ended 31 Ma￿h 2022 STRUCTURE. GOVERNANce AND MANAGEMENT Induction and Iralnlng of trustqes Any new Iruslees would be appo5rrted from thin th8 Churth and would already be very famlllar wlth the alms and objectives of the charity. Should any new trustees be appointed, Iheir role and responsiblllles woukl be With regard to the Chur¢h Council. memtws meel together regulady for training as regards their rde ￿thin the Church and al￿ attend conferences by outslde bothes. In thelr regular management meeting5, the Chairman keeps all members aware of any c)Jrrenl legislation or oiher requirements that are relevant to the at*Mtse$ ofthe ch81ity- forexample stslLrtory compli4nco ond chikl wotection is5￿. Related pjrtles There is connected charfty - 8ethsh#n Sheltered Housing. This prolect to proth a nursing knmo 8fKI sheltered housin9 for Ihe elderty was the wsion of Fklpe Community chU￿h bul was constliuted as an Independent charfty In 1996. Flve of the Churth CourKil also serve as tNstees of Belhshan. Hope Day Nurwy Is a Communlty Interest CoMp￿Y Set up by the Churth to streamllne the Interests and accounts separdtely from the main Church ministy. Rlsk man8gemonl All the aspects of tsk, Indudlng lh8 ffields of Health & Safety, En￿rOran8nIaI Health. Fire, etq constantly revievml and. ￿ere necessary, actton end latssl recommendations 8re implemented. One of the tsu5tees ha$ speufiG reynsibility for managing risk assessment throughout the various church departments. The Churth ds0 operales a vlgorous Chlld Protect¢on Pollcy led by ts¥o deslgnated officers. STATEMENT OF TRUSTEES. RESPONSIBILMES The trustee$ {vhto are also the directors of Hope Church IN8￿)wn) for the purposes of cornpany lawl are responsible for preparing the Report of the Trustees and the ffinancial statements In accordance vAth oppl¢cable law and United lfjngdom A￿Unting Standards (Uniled lthngdom Generally Accepted At￿Unting Pr8clice) indudlng FhTrndal Reportlng St8ndard 102 'The FirHrK4al Reporting Standard applkable In the UK d Republic of Ireland. Ccthpany law requires the trjstees to prepare fin8ncial ststements for each Ilnandal year whith give a twe and fair VTew of the stats of affalrs of the charital￿e company and of the [r￿MIng resources application of resour￿. induding the Income and expendlture, of the ¢*aritable company for that perlod. In preparing those finanaal *atsrnents, the IrLthes are requlred to selectsultable ac>xunling Folia88 and then *PFty them ￿)nSIstentIy', observe the methods arKI prin¢ipl¢s in Ihe Ch8rity SORP., make ludgements and estimates that are reasonable and prudellt prepare the finanoal ststements on Ihe going concem basls ￿lesS it is in¥Jpropriate to presume that the charitable comp8ny vlll ￿ntin￿ in businw. The Ifustees are responsible for keeping proper accounllng records vthtth disdose vAih reasonable a¢cur at any time the finandal posfaon of the tharitalA8 company 8nd to enable them to ensure that ts ffinanciBI statsments comply the Companies kt 2006. They are also responsiblo for safeguarding the assets of Ihe chatitable compary and hence fiK ta￿r￿j reas(Thble steps for th¢ prevention and detecllorb of fraud arKI other Irregularilie$. In so faras Ihe trustees ar8 aware: there is no relevant audit information ofwhith the tharitabt8 companvs auditors are Lwvmro. and the trustees have taken all steps that tFw ought to have tsken to make Ihemselve5 awar8 of any relevant aLKlit infomiation ond to estsbllsh that th8 auditorn are aware of that thfomation. AUDITORS The auditors. Morgan Gjlffilhs LLP. wll be proposed for r￿ap￿Intment at the fryttuiming Annual General Meeting. P¥g¥ 6 fiJrtho Y•Br EndBd 31 lknch 2 Apwoved by ¢)rder of Ihe board oftrus* on 15 Dec4mber2022 8Th1 on its behalf by: Rry￿rtofth• Indepe￿ntAU￿It0rnttIthO M6mbars of Hop• Chur¢h {NOWt￿) Oplnlon We have audited the financial staiements of Hope Church INe%trml Ithe 'charilable companVI for the year ended 31 March 2022 whith eA)mpri5e Ihe Stsiement of Financi81 Actmties. the Balance Sheet, the Cash Flow Stslemenl and notes to the financAal statements, induding a summary of signffiwt a¢cyJunling policies. The finandal reporting framework that has been applied in their preparation is applicable law and Unlted lfjngdom Accounting Stsndards (United E)unting Prdctic£, induding Fina￿la1 Reporting Standard 102 The FinarKi81 Reporting Stsndard appli¢8bie in the UK and Republic of Irèland,: and have teen prepared in 8ccordan¢e with the requirem￿ts ofthe Companies Act 2006. Bas19 for oplnlon We conducted our authl in accordance ￿ Intemational Standord5 on Auditing {UK) IISAS (UK)) and applicable law. Our responsibl￿tIeS under th¢)se standards are fijrther descrfbed In the Auditors, responsibilities for the authl of the finantial statements section of our reporL We are Independent of the charftable company In accordance wlh the ethical requirements thot are relevant to our audit of the finandal slatsments In the UK. induding the FRC'S Ethical Stsndard. and we have fulfilled cmjr other ethical resFK)nslbililies In accordanc£ wlh these requlrements. We bglieve Ihal tho audit evidence VR have obtsin Is sufficient appropriate to provide a basis for our cpinton. Conclu8lons ralatlng lo golng c¢ncem In authi1￿ the finandal stslements. wo have conduded that the tru8tee8' U9e of Ihe going ¢0￿M basis of aC￿Unting In the Preparation of the finanaal ststements is apFwoprfate. 8ased on the work V•E have perfomed, we have not idenlffted any materfal uncertainties relatlng to events or condittons that, Indlmdually or collecbvely. may &isl significant d￿jbt on the charitable companls abilty to ontinue as a golng concem for a perfod of al least Iwelve morths from ￿en the finanoal ststements are aulhorised for isSL￿. (￿r responsiblllues the responS￿lI11eS of the trustees ¥￿th respect to goirwJ concem Sre thwbed In the relevant sections of thls report. (Xknr Inforniatlon The trustees are responsible for the other irrfomiation. The other Irknation comprises the Infomiation induded in the Annual Rep￿, other than the financial statements and our Report of the Independenl Auditors thereon. Our cplnion on the financlal 8t8lements does not mr the other infomiation and, except to Ihe èxtent otherwise exp1s￿lY stated In our rewt. we do expross any fomi ofassurance conduwon there￿. In GOnn￿)n ￿ our audlt of tha ffinanryal statemgnts. our reSp￿SIbIlIty Is to read the other Inf0m￿tiOn and, in doing so, consider whether the other information Is materfalw inconsistent with the finanoal Statements or c4Jr knovAedge obtainod in the 8uthI or otherwse appears to malerfally mlsstated. If we identify such matsrial inconsistencies or apparent materfal misstslemenls. we 8re required to determine whether thls glves ris8 to o materfal misstatement in the financial slatements themselves. W, based on the WO￿ wè have perfO￿ed. we condud8 that there Is a material misstatement of this other infonnation. we 8re rwlred to re￿t that facL We have nothlng to reptjt in trth8 regard. Oplnlons on other matters prescribed by the Companle8 Act 2006 In our opinion, based on the Y￿rk undertaken in Ihe course of the audit.. the information glven In the Report of the Trustees for the financial year for vhch the finandal statements are prepared is cnnsistenl wth the finarKial statsments: and the Report of th8 Trustees has been prepared in 8cwdance wth 8pplicablè leg81 Wuir￿ents. Page 8 Rwlrt ofth• IndBpondentAudltor8 tr*th• Ilèmbern of Hop• Church {N•vrtown) Mattevs on whlch we we r•qulr•d to rnpwt ty exceptlon In Ihe Ilghl of the knO￿dge and understandlng of Ihe charftable company and Its ￿rOnment obt81ned In Ihe ¢¢w￿8 of the audlL we Iwve not idenllfied material mlsstatements In the Rep￿ ofthe Trustees. W8 have to report In re8￿t of the foll0v￿ng matteTs V4there ts Companles Act 2006 requlres us to report to you If. In our oplrAon: adequata a￿￿nIng records have rvJt been kept or retums adequate for our audlt have not been rec8fved from branthes r￿1 visited by us. or th8 finandal statements arn not In agreefflent￿ the accoun￿9 recA)rd$ and r￿UM3. or certain disclosures of trustees, rnmun8ratlon spechd by law are not made,. or we have not recelved all Ihe Infomaoon 8nd expl8n8lons we requlre for our audlt,. or the trustees were not enlltted to lake adv8ntsge of the small cnmpanlès exempllon from the requlremenl to prepare a Strateglc Report or In preparlng thé Rewl of Ihe TnJ8t88s. Re•pon*lbllltlo• of tru¥ts•s A5 explalnod more fvlly In tho Statsmant of Tntytso$' RespDn81kn11I0s, tho trustee9 {Ntho ore 8180 tho dlrnctors of the charitable company for the purposes of t>)mpary lawl oro re8pon¥iblg for the prep8raUon of th• ftnancial statements and for b8lng Satisfied that they glve a thje and falr ￿ew, and for suth Intemal control 88 the tnjstees determlne Is necessary to enable tho pffjpar8Jon of fin4nd•l Statsments that are free f￿rn materlal m18slatement, whether thje to fraud or ernr. In proparfng tho ffin8ndal 8latsment8, the bustaes are Te8￿$5b1e for asse881ng tho ¢harlt8ble company'8 ablltty to ¢onllnu8 as 8 golng rAin￿m. dl8closlng, as 8ppll¢able, matters rdated to golng ￿nCern and uslr the golng concem bas1¥ of 8e¢ounllng unle88 the tru8tee8 elther Intend to Ilquld818 the charftabla company or to caa80 op8ratlons. or have no reallth altwn8llw io do w. Page9 R•port of th• Indepnd•nt Audllorn to thg M•mbBrs of Hope ChU￿h {N•wtown Our re•ponslbllh148 lor the audlt of the Iln•n¢lal 8tatemenl8 Our objedves are to ¢)btain reasonable assurance about vthether the finanaal statements os a whole are free from material misstatement. whether due to fr8ud or error, and to18sue 8 Rwrt of the hdependenl Aud5to Ihat Ir￿udeS our opinion. Reasonab￿ assurance is a high level of assurance, bul 1$ not a guarantee that an audit ¢wnducted In accordancA V￿th ISAS (UK) ￿11 alway5 detect a material mlsslatement then it exist& Misststements can 8ris8 from fraud or error and are considered materfal If, Indiv¢dually or In the aggregate. they could reasonably bg expected to Influen¢0 the ecorrf)mlc dgThslons of users tsken on the basls of th8¥8 finandal ststemenls. The extent to vthlch our W(￿￿dUreS are capable of datedng Irregulariues, IrKludlNJ hud18 detslled below. Our approach to Edanti￿n9 and assessing thg dsks of matsrial mis$l8tsment In resp8Ct of Iwul8rhte8. Indudlng fraud arKI non￿￿mplISnca withlgws and regulalons, was as foll¢)ws'. -Ihe engagement part￿r ensured that Ihe engagement team collectively had the approprlate com￿8r￿a. ¢apabllll88 and skills to Id8ndfy or recognlse non￿MPlI4n¢8 vlth applicable law5 8nd regulauons., -WO Identifled the law8 and regul8Uon8 applicable to tha charitable company through d8¢U881on8 vAlh management. arml from our knovlèdga and 8yperfence ofthe Ghorfty oa¢tor, we focused on Specthc laws 8fKI regulallons whlch we consld8r¢d moy h8va a dtrnct mated•l off•ct on the flnan¢lal ststements or the operations of the chaii18ble company, Including r818vant leglslaJon 8uGh as tha Companles Act 2008. laxatlon1gg151allon, employment, envlronmgntal and heallh and safety leglslalon: a888ssed the extent of compllance wlth the laws 8nd regulaUon8 Identified 8bov8 through maklng lrfe8 of management and Inydng rnlevanl rJ)rrespondence. We a88es8ed the 8uScep￿bl1Ify of the Gharftabl8 Com￿$ flnandal statements tr) materlal m18sts1￿Qnc Irdudlng obtalnlng an understandlng of how fraud mlght occur, by.. 4TrO￿ng enqulrfes of management as to %there they consldered thera waB 8u$cepUblllty to fraud, th•lr kno￿￿¢￿98 of8￿81. susp￿ted and alleged fraud; )ntrols, Me,, -porfomi¢d analyUc81 pr(￿ed￿re8 to Identify any unu5ug1 or une¥pecled r•latfion$hlp$.' evl6wed nomlnal ledgers end tested loumal enlrfes reports to Identify unu$u81 tran8adon8', 4$sess¢d whelhgr ludgemant8 and a8sumpUons made In deterrnlnlng the ac¢ounlw e8llm8les V•Ve Indlcgllve of potenUall￿a8. In response to ths dsk ol IrregUlad￿83 and noT￿lIanCe vAth laws arKI regulauorn, de*ned procedures ￿1th Induded. bul wère not Ilmlted to: -8greeSng fln8nclal statement dlsdosures to undedylng supporung documentsoon; 4￿dIng the mlnutes of meetlngs of th088 dwrgad with goveman¢e; 4evlthng correspondence ￿th HMRC. There arn Inherent lI￿Al8￿n$ tn our wdit yo¢•Jure8 dO￿bed abovo. The more removed that law8 and regulallons are from finandal transaoyons, thg 18ss Ilkely 11 Is that wo would become aware of non)7 529.529 8.782.838 DEPRECIATION At 1 Awll 2021 Charye for year 298.519 120.428 270,Ce7 se8.￿6 159.338 Ai 31 Marth 2022 418.947 308,995 727.942 NEf BOOK VALUE At 31 M8rch 2022 5.834.3eL) 220,SY 6.054.894 At 31 2W21 5.946.882 259.442 8.208.324 Indlvjed In co¥t (* V81￿￿￿ of land and bulh4ky 1$ treePdJ land af £72.S)6 (>)21- £72,506) 18 PwJo 21 15. Shares In l•talngs COST LESS IIAPAIRMEiir At 1 Wil 2021 and 31 Marth 2022 NET BOOK VALUE At 31 Math 2022 At 31 March 2021 folk)*lng: Hope Day Nursary CIC Regislered office: Hope Ch¢lld) Nursery. Ddlor R08d. Nthvlm. Pws. SY16 1JD Natyre ofbL&ness: Nursery Qass ofshare: Chrfinery 31322 313.21 The was th)M￿nI up io the 31st Marrh 2tr20 (¥Thn￿ on the 1st Wl 2020. 16. DEBTORS: AMOUln FAWNG DUE YimiN OIE YEAR 31.322 31.321 Amounts thved by 9roup undertaknngs Prepayments ￿ arxrued ine4Jme 95.029 5,276 100.305 forth• Yw End￿ 31 M•r¢h 2022 17. CREDrfoRS: AMOUPITS FALUNG DUE bwfiiN (X4E YEAR 31.322 31.3.21 Bank and (sae note 19) Trade ryeditors al S￿rity •KI cthorta Other credito 48.917 49,202 244 3,492 140 2,997 24,054 78,992 31322 31.3.21 B•nk108n$ nol• 191 1.397,105 1.448,284 19. LOAN8 ysis of the mobjrlty of lo￿18 bglw. 31.322 312.21 Amounts f8lllNJ due wlltrln orn yoN+)n domw￿. Bank b8n$ 48.917 knounts falllThJ betr￿en orn t4K) Bank 14 yo8 51,692 48,917 knounts fdllng dug bet1%•￿ aThJ yoorn: Bank loans. 24 years 186.371 160,657 Arnwnts fallng due In morn trwi y•orn'. Repaya￿6 ty Instslments: Bank bans mcTr S yr ty Irotol 1.179.042 1.238.710 The hgn18 repoyable 04w 25 ￿ and the r8tè of Intern8118 2.7W• aLw)%* b￿ f81 secuRED DEBTS 31.3.22 313.21 Bank loans 1,446.022 1.497.486 CAF Bank Limited tr#)Id a l¥1 charp reg0* t)n the 14th 2014 ovér the FTe*KAd Prcywty ofthe Charity. Welsh Go¥wnm&tt ha￿ 8 legal dwge the fro*K￿ Iwxl daithl the 81h Othber 2019. 21. ANALYSIS OF m￿ASsE[s BEfwEN FUNDS 31.322 31.3.21 6.054.894 6.054.894 6206.324 Investrnents 373.659 {55.494) {1.397.105) 1&574 389.233 314.376 155,494) {76,992) (1.397.10S) 11.448.284) Current liabl￿tieS 4.975.955 15.5T4 4.991.529 4.995.425 MOVEMENT IN FUNDS At 1.421 31.3.22 unre9trkt￿ fvnds Genernl fund 4.979.851 (3.896) 4.975.955 Church Plan1ing 13.387 2.187 13,387 2.187 15.574 15.574 TOTAL FUNDS 4.995.425 (3.896) 4.￿1.529 Genwd fund 520.742 {524.638) (3.896) TOTAL FUNDS 520,742 {524,638) (3.896) 24 fortho Y•ar End￿ 31 M•rrth 2022 MOVEMEKf IN FUNDS. At 1.4a) 312.21 G8ngral (uTrJ D￿gnated Fwwj. CAP 4.932,971 4427T 4.977.248 2,803 4.935.574 4427T 4.979.851 Churth Pl8nO 13.387 2.187 13,387 2.187 15.574 15,574 TOTAL FUNDS 4,951.148 44.277 4.995,425 Compar8hffj nelmOwy￿tt In furbJ8. In arn as fontr￿. In funth Unr￿tr1thd fund• General fvnd 9)1,440 (457.163) R•strlctsd fundi HMRC Corona¥lrus Job R•I￿kn (W,425) TOTAL FUNDS 561.&35 {517,588> 44277 EMPLOYEE BENEFrroBUGATIONS Durfng the year Ihe mado per￿ ¢fy*bjti￿ amwnllrvJ to £10.571 (2021 £30,728). We￿ no amounts outstsndlng at ts y48r Durlng the year the charlty thAFlalrry 8WM¢88 ty) Beth$h￿ Shdtsred Houthg As>yS8l¢Jn 8mounUng to £668 IX)21 £nd} and thlg was paMI kn full durfng ts year. Beth5han Shdtered Hou81ThJ 14sodat1￿ trustees In crAnmon. Durlng the truste88 made dongkn to the d￿1th md8r Oft ahj £31,205 12021 £24,114)- ULTIIAATE COPmiOLLING PAffrY Hop• Church (N•wto¥ml D•Wl8d Stat•mont ol Flnanclal Act1￿•• forth• Y•ar End•d 31 Ma￿h 2022 31.3.22 31.3.21 INCOME AND ENOOWMENTS Oonatlon8 and l•gacl Tlthes ¢)fferings and gifts Mlsslon Incune Glft ald eulldlng lund Grants 388,774 21,227 86,193 7,078 28,787 38e.856 3,955 64,260 17,093 eo.425 S10.059 Oth•rtrndlng actlvlllo8 Coffee tshop InC￿m0 Room hlre 3,587 1,435 6,187 1,435 Invasknent Incom• Rents recelved Dow￿1 accounl Intera8t 17,FlYJ 194 158 158 17.894 Chrllabl• actlvltl•¥ Departmental Income Other In￿rne AOG- salary contrfbutbn and th8pl8ln¢y swlce recelpts 2.918 753 1.314 8,983 1150) 10.147 Total Inmmlng r••our¢ 520.742 581.885 EXPENDITURE Rahlng donatlon• and l•g•d Sundrfes 1,553 Invo•tmont management ¢••ts 345 909 Charftabl• a￿1¥111•3 Trustses, s8larfes Trustegs, Sodal wurlty Trustees, p8nsion ￿ntrIbulkIn9 Wagès So¢ial sO￿￿ty Pensions C8rried lomard 90.175 8.783 3.630 81237 1.888 6.941 192,e52 85,397 8,148 23,772 83.659 1,841 8,956 209,773 Trds pag8 does notfom) partoftho st8lutthy finand81 stAi4m P8ge 27 Hwchurch (Nffwlown O&tsll•d Statementof Flnan¢lal Actlvlll•s forth• Y•ar End•d 31 March 21122 31.322 31.3.21 Charltable actlvtth$ Bro[￿h1 forward RWOITS & cleaning & watsr Insuran¢8 Light and heat Tele￿Or Poslage stationery Adveruslng Sundries Grfts, flov+trs and hospltsllty Books and Ilter8ture Travel Misslons Ministy Gffts and outreach Department accounts Training and conferences Freehold propety Fixtures and fittlngs Bank l(18n inlere8t B8nk and credit card charges 192,652 25,157 8,420 17.721 5,358 3.131 400 209,773 15.855 11.009 5.531 2.56S 95 128 &911 1,$85 170 3,800 12,184 4,474 122 137.781 45.773 43,459 1,292 8.505 2,086 3,8￿• 29,718 4,421 5,187 120,428 38,908 43.023 510.829 S)9.897 Support ¢o¥ts Govemance costs litors, remuneratic I￿110rs, remuneration non aL¢ditw Legal fees 3.000 3,000 455 3,327 11.911 6,782 524.638 517,588 Not lexpgndl¢uroylrKome (3.896) 44,277 Thts pagè dogs Mtforn) partofthg st¥tutw fin8wKi¥I $18temonts p￿28