**HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** |**Company Registration Number**|**6715714**| |---|---| |**Charity Registration Number**|**1126428**| ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **CONTENTS** Page 1 Independent Examiners Report Pages 2 - 5 Trustees Report Page 6 Statement of Financial Activities Page 7 - 8 Balance Sheet Page 9 - 14 Notes to the Financial Statements ## **Independent Examiner's Report to the Trustees of Hope Community Church (Wymondham) Ltd, a company limited by guarantee** I report to the charity trustees on my examination of the accounts of the company for the year ended 31 July 2024. ## **Responsibilities and basis of report** As the trustees of the charitable company (who are also the directors for the purposes of company law) you are responsible for the preparation of the Accounts in accordance with the requirements of the Companies Act 2006 . Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’ s accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’ ). In carrying out my examination I have followed the directions given by the Charity Commission under Section 145 (5) (b) of the 2011 Act. ## **Independent Examiner's Statement** Since your charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:- 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Joanne Fox BA FCA Chartered Accountant BW Audit Ltd Chartered Accountants 10 Fairland Street Wymondham Norfolk NR18 0AW Date: 26 April 2025 1 ## HO **PE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1126428 **COMPANY REGISTRATION NUMBER** 6715714 **START OF FINANCIAL PERIOD** 1 August 2023 **END OF FINANCIAL YEAR** 31 July 2024 **TRUSTEES AT 31ST JULY 2024** Grantley Watkins (resigned 31 January 2024) Kevin Smith Mark Bullen Alice Lynch Michael Day (resigned 30 September 2024) Sheila Greenacre Michael Mills (appointed 22 April 2024) Edward Clarke (appointed 1 July 2024) ## **REGISTERED ADDRESS** Ayton House Ayton Road Wymondham Norfolk NR18 0QJ **DATE OF INCORPORATION GOVERNING DOCUMENT** 6 October 2008 Memorandum and Articles of Association 2 **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Structure, Governance and Management** ## **Governing Document** The charity is controlled by its governing document, the Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, incorporated on 6 October 2008. ## **Recruitment and appointment of new trustees** The appointment of trustees is governed by Section 4 of the Articles of Association. The trustees shall not be subject to retirement by rotation and the term of office shall continue until he/she retires or is removed in accordance with the relevant provisions of the Articles of Association. ## **Organisation** The company operates primarily in Norfolk but has links with churches both in the UK and internationally. Church membership is voluntary and free. The company is overseen by a board of trustees, some of whom are Elders of the church. The Elders are responsible for the spiritual direction of the church. The trustees meet regularly to review the finances, risk management, legal issues and other matters affecting the charitable company, including the remuneration of staff. ## **Objectives** The company is a registered charity and its objectives are:- a) to advance the Christian faith (in accordance with the statement of beliefs set out in the Articles of Association) in such ways and in such parts of the United Kingdom or the world as the trustee directors may from time to time think fit (b) to relieve sickness and financial hardship and to promote and preserve 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 trustee directors may from time to time think fit (c) to advance education in such ways as and in such parts of the United Kingdom or the world as the trustee directors may from time to time think fit ## **Activities and achievements** Attendance during the current year averaged 300 adults and children on a Sunday morning with over 600 adults and children considering Hope their church. A full range of activities have been provided for all ages including worship, teaching and ministry. The congregation is . other. This is a valuable opportunity to build a sense of community in a way that the larger Sunday morning gatherings cannot. Our c and youth work continues and we are seeing good numbers of children and youth attending regularly. 3 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** The School of Supernatural Life, gathering students from Hope Community Church and a number of churches across Norfolk continued to operate. The purpose of the school is to equip people to operate in all areas of life with a supernatural lifestyle. Hope Community Church continues to support the work of Hub Community Project and the community building is made available for the work of that charity. Hub Community Project offers a number of outreach projects to the community namely support groups for carers, the lonely & isolated, fun & food in school holidays for children who would receive free school meals during term time and a Community Food Shop where people can access free and discounted food. The church also hires out rooms at its community building to other organisations in the community. The work of Hoppers toddler group continues to attract good numbers and in a response to recognised needs now offers twice monthly sessions for children with special educational needs and disabilities. Weekly meetings continue to take place at our Thetford site and fortnightly meetings at Long Stratton since September 2024. The activities at these sites mirror those taking place at the Wymondham site. services where all congregations come together. The church continues to build relationships with Catalyst as the primary apostolic relationship. In response to the growing number of children and youth attending the Wymondham site the church submitted planning permission to alter the configuration of the first floor of the building to increase capacity in the existing rooms. Planning permission was granted and building work commenced in September 2023. The church congregation were asked to contribute to the full expected cost and the total cost of the building work, completed in October 2023, was met by donations from the congregation. ## **FINANCIAL REVIEW** ## **Reserves Policy and Going Concern** The trustees have considered the level of reserves they wish to retain, appropriate to the company's needs. This is based on the company's size and the level of financial commitments held. The trustees aim to ensure the company will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. It is their policy to maintain unrestricted reserves at a level which equates to three months expenditure being £93,000. The trustees will endeavour not to retain reserves unnecessarily. ## **Operating review** The trustees acknowledge the financial position and outcome of this year whereby an overall surplus of £75,412 has been generated. Unrestricted funds carried forward at 31 July 2024 were £ 394,815 as shown in the balance sheet. ## **Principal Funding Sources** The principal funding source for the year was offerings from the church members. ## **RISK ASSESSMENT** The trustees consider the major risks to which the company is exposed and identifies the appropriate mitigation. To this Strict child protection and vulnerable adult safeguarding policies are implemented, all volunteers who work with children or vulnerable adults are subject to Disclosure & Barring Service checks and must comply with detailed guidelines for the care of children and vulnerable adults. In order to ensure the safety of the church members and general public, a team of stewards operate during Sunday meetings. A fire evacuation plan has been drawn up. 4 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024** The trustees believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. A system of financial controls exists ## **PUBLIC BENEFIT** are for the public benefit. Details of how the company has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the company should undertake. ## **Statement of trustee** ’s **responsibilities:** The trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the t rustee’s Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the company and of the profit or loss of the company during that period. In preparing those financial statements the trustee directors are required to: - (i) select suitable accounting policies and then apply them consistently, - (ii) observe the methods and principles of the Charities SORP (FRS102), - (iii) make judgements and estimates that are reasonable and prudent, - (iv) state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements, - (v) prepare financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report the trustees have taken advantage of special exemption applicable to small companies conferred by section 477 of the Companies Act 2006. I approve the attached statement of financial activities and balance sheet for the year ended 31July 2024 and confirm that I have made available all information necessary for its preparation. Date 25 April 2025 A Lynch Trustee 5 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTVITIES AT 31 JULY 2024 INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT** |**Note**
**INCOME AND ENDOWMENTS FROM**
Voluntary Income
2
Charitable Activities
3
Total Income and Endowments
**EXPENDITURE ON**
Charitable Activities
4
**Net Income/(Expenditure)**
**Net Movement in Funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
Total funds carried forward|**£**
**£**
**£**
**2024**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
384,591
13,864
398,455
50,544
0
50,544
435,135
13,864
448,999
344,807
29,050
373,857
**344,807**
**29,050**
**373,857 **
**90,328**
**(15,186)**
**75,142**
304,487
422,499
726,986
**394,815**
**407,313**
**802,128 **|**£**
**2023**
**Total**
**Funds**
318,685
0
51,188| |---|---|---| |||369,873| |||370,791| |||**370,791**| |||| |||**(918)**| |||727,904| |||**726,986**| **CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities.** **Movements in reserves and all recognised gains and losses are shown above.** 6 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY REGISTRATION NUMBER 6715714 BALANCE SHEET AT 31 JULY 2024** |**Note**
**Tangible Fixed Assets**
6
**Current Assets**
Debtors and prepayments
7
Cash in Hand
Bank Accounts
**Current Liabilities**
Creditors falling due within one year
8
**Net Current Assets/(Liabilities)**
**Total Assets Less Current**
**Liabilities**
**Long Term Liabilities**
Creditors falling due after one year
9
**NET ASSETS/LIABILITIES**
**Capital Funds**
Brought forward at 1 August 2023
Surplus/(Deficit) for the Period
**Carried forward at 31 July 2024**
**Funds**
10
Unrestricted funds
Restricted Funds|**£**
**2024**
**Total**
**Funds**
678,627
52,669
43
81,016
133,728
10,227
123,501
802,128
0
**802,128 **
**726,986**
75,142
**802,128 **
394,815
407,313
**802,128 **|**£**
**2023**
**Total**
**Funds**
680,365
25,122
43
66,676| |---|---|---| |||91,841| |||17,720| |||74,121
754,486
27,500| |||**726,986**| |||**727,904**
(918)| |||**726,986**| |||304,487
422,499| |||**726,986**| 7 **HOPE COMMUNITY CHURCH (WYMONDHAM) LIMITED (A COMPANY LIMITED BY GUARANTEE) COMPANY REGISTRATION NUMBER 6715714** ## **BALANCE SHEET AS AT 31 JULY 2024** ## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |Tangible Fixed
Assets|271,314|407,313|678,627|257,866|422,499|680,365| |Current Assets|133,728|0|133,728|91,841|0|91,481| |Total Assets|405,042|407,313|812,355|349,707|422,499|772,206| |Current Liabilities|10,227|0|10,227|17,720|0|17,720| |Long Term Liabilities|0|0|0|27,500|0|27,500| |NetAssets|394,815|407,313|802,128|304,487|422,499|726,986| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: a) ensuring that the charitable company keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with Sections 386 and 387 of the Companies Act 2006 b) preparing financial statements which give a true and fair view of the state of the affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These Financial Statements were approved by the Board of Trustees on 25 April 2025 and were signed on its behalf by: _______________________________ A Lynch ~~o~~ Trustee p 8 ## HO **PE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group. ## **Preparation of the accounts on a going concern basis** he charity will have adequate reserves to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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** These are capitalised if they can be used for more than one year. They are valued at cost or, if gifted, at the value to the charity on receipt. Fixed assets are depreciated on a straight line basis at the following rates in order to write off each asset over its estimated useful life:- Leasehold Improvements Over the term of the lease Equipment 25% ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. During the prior year the trustees decided to create a designated fund, this represents a percentage of offerings and Gift Aid income set aside to distribute to worthy causes. 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 purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. VOLUNTARY INCOME** |**Year ended**
**31 July 2024**
Offerings
Grants received
Gift Aid|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
340,092
8,564
348,656
0
5,300
5,300
44,499
0
44,499| |---|---| ||384,591
13,864
398,455| Grants were received as follows for the installation of a lift to the first floor of the building, work commenced in September 2024: R C Snelling Charitable Trust £ 3,000 Benefact Trust £ 2,300 In 2023 £300 was received from Long Stratton Town Council against the costs of Cup of Hope, a coffee morning project to engage with the residents of Long Stratton. 9 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** |Year ended|**Unrestricted**|**Restricted**|**Total**|| |---|---|---|---|---| |31 July 2023|**Funds**|**Funds**|**2023**|| ||**£**|**£**|**£**|| |Offerings|254,969|16,925||271,894| |Grants received|0|300||300| |Gift Aid|43,444|3,047||46,491| ||298,413|20,272||318,685| |**3. INCOME FROM CHARITABLE ACTIVITES**||||| |**Year ended**|**Unrestricted**|**Restricted**|**Total**|| |**31 July 2024**|**Funds**|**Funds**|**2024**|| ||**£**|**£**|**£**|| |Donations from trading||||| |subsidiary|4,610|0||4,610| |Staff Secondment|19,819|0||19,819| |Venue Hire|6,787|0||6,787| |Hoppers|3,187|0||3,187| |Cup of Hope|818|0||818| |Megamix|468|0||468| |Conferences and Training|13,424|0||13,424| |Other Income|1,431|0||1,431| ||50,544|0||50,544| |Year ended|**Unrestricted**|**Restricted**|**Total**|| |31 July 2023|**Funds**|**Funds**|**2023**|| ||**£**|**£**|**£**|| |Donations from trading||||| |subsidiary|4,239|0||4,239| |Staff Secondment|16,021|0||16,021| |Venue Hire|6,445|0||6,445| |Hoppers|3,842|0||3,842| |Cup of Hope|776|0||776| |Megamix|170|0||170| |Conferences and Training|10,061|0||10,061| |Other Income|9,634|0||9,634| ||51,188|0||51,188| Hope Community Church is the parent company of Coffee@Hope Ltd (registered number 9845076) which commenced to trade on 1 January 2017. During the year Hope Community Church received a donation of £ 4,610 from Coffee@Hope Ltd. (2023 £ 4,239). **10** ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **4. CHARITABLE ACTIVITIES** |**Year ended**
**31 July 2024**
**Direct Costs**
Staff costs
Rent
Utilities
Church Events
Conferences and Training
Outreach
Worship
Promotion
Giving
Profit on disposal of fixed assets
Depreciation
**Support and Administration**
Professional Fees
Insurance
Equipment Hire
Maintenance and Repairs
Travel
Postage and Stationery
Telephone and Computer
Licences and subscriptions
Loan Interest and Bank Charges
**TOTAL**
Year ended
31 July 2023
**Direct Costs**
Staff costs
Rent
Utilities
Church Events
Conferences and Training
Outreach
Worship
Promotion
Giving
Depreciation
**Support and Administration**
Professional Fees
Insurance
Equipment Hire
Maintenance and Repairs
Travel
Postage and Stationery
Telephone and Computer
Licences and subscriptions
Loan Interest and Bank Charges
**TOTAL**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
193,531
0
193,531
61,281
0
61,281
10,526
0
10,526
9,751
0
9,751
3,217
0
3,217
1,430
0
1,430
409
0
409
7,901
0
7,901
476
0
476
17,156
0
17,156
(200)
0
(200)
6,185
29,050
35,235| |---|---| ||311,663
29,050
340,713| ||10,873
0
10,873
3,231
0
3,231
504
0
504
8,337
0
8,337
925
0
925
1,343
0
1,343
4,974
0
4,974
1,207
0
1,207
1,750
0
1,750| ||33,144
0
33,144| ||**344,807**
**29,050**
**373,857**| ||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2023**
**£**
**£**
**£**
196,315
0
196,315
65,170
300
65,470
8,333
0
8,333
5,567
0
5,567
2,968
0
2,968
1,872
0
1,872
1,592
0
1,592
5,669
0
5,669
461
0
461
13,039
0
13,039
4,792
30,087
34,879| ||305,778
30,387
336,165| ||12,023
0
12,023
3,103
0
3,103
504
0
504
6,339
0
6,339
349
0
349
1,808
0
1,808
6,428
0
6,428
1,095
0
1,095
2,977
0
2,977| ||34,626
0
34,626| ||| ||**340,404**
**30,387**
**370,791**| 11 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **5. STAFF COSTS** There were 10 paid members of staff during the year. The company operates a defined contribution workplace pension scheme. Six members of staff are auto enrolled. During the year an amount of £ 3,957 (2023 £3,708) was paid into the pension scheme as employer s contributions. Employers NIC amounted to £ 7,641 (2023 £ 5,713). No employee received emoluments in excess of £60,000. During the year a redundancy payment of £1,885 was made. ## **6. TANGIBLE FIXED ASSETS** |**Leasehold**
**Improvements**
**Equipment**
£
£
**Cost**
At 31 July 2023
877,066
109,089
Additions
28,536
4,961
Disposals
0
(1,192)
At 31 July 2024
905,602
112,858
**Depreciation**
At 31 July 2023
209,895
95,895
Charge for the year
30,326
4,909
Disposals
0
(1,192)
At 31 July 2024
240,221
99,612
**Net Book Value**
At 31 July 2024
665,381
13,246
At 31 July 2023
667,171
13,194|**Total**
£
986,155
33,497
(1,192)
1,018,460|**Total**
£
986,155
33,497
(1,192)
1,018,460| |---|---|---| |||305,790
35,235
(1,192)
339,833| |||678,627| |||680,365| ## Operating Lease Commitments At 31 July 2024 (until the date of the next break clause 18 March 2025) under non-cancellable operating leases was: Amounts due with one year £ 35,951 ## **7. DEBTORS AND PREPAYMENTS** |Gift Aid
Trade Debtors
Prepayments
Loan due from subsidiary
Total|**2024**
£
3,686
9,312
39,207

464
52,669
|**2023**
£
5,477
7,639
11,542
464
25,122| |---|---|---| Coffee@Hope Ltd, a wholly owned subsidiary of Hope Community Church, registration number 9845076, commenced to trade on 1 January 2017. Loans relate to the company formation fees and logo design. ## **8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Salaries, Pension & NIC
Trade Creditors & Other Creditors
Total
|**2024**
£
1,505
8,722
10,227|**2023**
£
1,928
15,792| |---|---|---| |||17,720| . **12** **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |**2024**
Loan
Church Members
0
Total
0|**2023**
27,500| |---|---| ||27,500| During the year ended 31 July 2016 the church received a loan of £50,000 from church members. This is not interest bearing and is repayable immediately on the death of either spouse, otherwise the terms are to be reviewed every 3 years. The loan was fully repaid during the year. ## **10. MOVEMENT IN FUNDS** |**At 1.8.23**
Income
Expenditure
Transfers
between funds
**At 31.7.24**
£
£
£
£
Unrestricted Funds
General Fund
Designated Fund
299,515
4,972
435,135
0
323,361
21,446
(38,299)
38,299
372,990
21,825
Restricted Funds
Restricted -
Building Fund
422,499
8,564
29,050
0
402,013
Grants
0
5,300
0
0
5,300
Total Funds
726,986
448,999
373,857
0
802,128
**At 1.8.22**
Income
Expenditure
Transfers
between funds
**At 31.7.23**
£
£
£
£
Unrestricted Funds
General Fund
Designated Fund
293,112
2,178
349,601
0
(317,069)
(23,335)
(26,129)
26,129
299,515
4,972
Restricted Funds
Restricted -
Building Fund
432,614
19,972
(30,087)
0
422,499
Grant
0
300
(300)
0
Total Funds
727,904
369,873
(370,791)
0
726,986|**At 1.8.23**
Income
Expenditure
Transfers
between funds
**At 31.7.24**
£
£
£
£
Unrestricted Funds
General Fund
Designated Fund
299,515
4,972
435,135
0
323,361
21,446
(38,299)
38,299
372,990
21,825
Restricted Funds
Restricted -
Building Fund
422,499
8,564
29,050
0
402,013
Grants
0
5,300
0
0
5,300
Total Funds
726,986
448,999
373,857
0
802,128
**At 1.8.22**
Income
Expenditure
Transfers
between funds
**At 31.7.23**
£
£
£
£
Unrestricted Funds
General Fund
Designated Fund
293,112
2,178
349,601
0
(317,069)
(23,335)
(26,129)
26,129
299,515
4,972
Restricted Funds
Restricted -
Building Fund
432,614
19,972
(30,087)
0
422,499
Grant
0
300
(300)
0
Total Funds
727,904
369,873
(370,791)
0
726,986| |---|---| |General Fund
Designated Fund
Restricted Funds
Restricted -
Building Fund
Grant
Total Funds|| ||727,904
369,873
(370,791)
0
726,986| ## **11. RESTRICTED FUNDS** In 2015 the church moved premises from Fairland Street to Ayton Road, Wymondham. Further development of the new site has enabled the church to carry out all its activities, including Sunday worship, from the same site. Work on Phase 2 of the development, to convert the HGV maintenance warehouse into an auditorium and community rooms commenced in August 2016 and was completed in December 2016. To fund this development of the leasehold buildings the church congregation made special offerings specifically for this purpose. These offerings, together with a grant and a loan, are shown as restricted funds. In response to the growing number of children and youth attending the Wymondham site the church submitted planning permission to alter the configuration of the first floor of the building to increase capacity in the existing rooms. Planning permission was granted and building work commenced in September 2023, completing in October 2023. The church congregation met the full cost of the work which is shown as restricted funds. Depreciation is charged against reserves. 13 ## **HOPE COMMUNITY CHURCH (WYMONDHAM) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024** ## **12. TRUSTEES REMUNERATION AND BENEFITS** During the year payments of £ 7,128 (2023 £ 17,426) were made to Mr G Watkins under the terms of a contract for services. Mr M Bullen was paid £ 30,375 (2023 £ 29,869) for his role as Lead Pastor. Pension contributions paid by the company in respect of Mr M Bullen were £ 911 (2023 £ 896). Mr K Smith was paid £ 6,500 (2022 £ 6,721) for his role as Care Team Leader. No trustee received expense payments relating to their role as a trustee. ## **13. RELATED PARTY DISCLOSURES** Mr G Watkins is also a trustee and director of Hub Community Project. During the year retirement, an amount of £ 10,145 (2023 £16,021) was receivable from Hub Community Project in respect of secondment of staff members. Mr G Watkins & Mr M Bullen are directors of Coffee@Hope Ltd. During the year an amount of £ 6,637 (2023 £ 6,395) was received from Coffee@Hope as a contribution towards venue costs, £4,610 ((2023 £ 4,239) as donations. During the year, Mr B Watkins, the son of Mr G Watkins (a trustee) received remuneration of £ 31,900 (2023: £29,769) in relation to his employment as Youth Worker. Mr K Smith (a trustee) is a director of KSD Associates Ltd. During the year payments of £ 201 (2023 £ 2,795) were made to KSD Associates Ltd for work procured for graphic design and publicity. Mr M Heard is the son-in-law of Mr M Day (a trustee), he received remuneration of £31,885 (2023 £ 28,800) in relation to his employment as Digital Services Manager/Thetford site manager. Mr Heard also received a redundancy payment of £1,885. Mrs S Day, daughter-in-law of Mr M Day (a trustee), received £0 (2023 £ 165) for the provision of flowers for church members. 14