Company reglstration number.. 06738209 Charlty re8islration nurnber.. 1126716 Hope Church Orpington IA comp4ny Ilmited by guaranteel Annual Report and Financial Statements for the Year Ended 31 December 2023 Fleld Sullivan Limited 914are & Billet Road Blackheath SE3 ORB Hope Church Orplngton Contents Referen￿ and Admlnlstrative Details Directors, Report 2to9 Independent Audltors, Report IOto12 Statement of Fin3ncial Acilvlties 13 Balance Sheet 14 Statement of Cash Flow5 15 Notes to the Financial Staternents 16to35 Hope Chu¥ch Orpington Reference and Administrative Details Chal¥ma Barry Palmer Directors 8arry P4lmer Matthew Bulpltt Gary Carvoss Anthony Hall Esau Maponda Rtsth Marchant Sarah Palmer Olayeml Shyllon 1126718 Cli￿rity Re%￿stratIOn Number CoMpa￿Y Reglstratlon Number 06738209 The Charity is incorpowated in En8land and Wales. Unlt 8 The Walnuts Orplngton BR60TW Registered Office Audltor Field Sullivan Limited 9 H8re & Billet Road Blackhoath SE3 ORLI PagÈ I Hope Church Orplngton Dlrectors, Report The directors, who are dlrectors for the purpose5 of cornpany law, present the annual repDrt tagether wlth the financlal statements and avditors, report of the chaTltable company for the year ended 31 December 2023. The financlal statements have been prepared in accordancè with thÈ accounting politles SÈt out note I to the flnanclal statements and comply wlth the charlty's memorandum and articles ol assoclation, the Companies Act 2006 and "Accounting and Rpportlng by Ch8rities-. Statement of Recommended Practice applicable to charities pr&paTing their accounts in accordance with the Flnanclal Reportin8 Standard appllcable In the UK and Republlc of ITeland IFRS 1021 leEFective l January 20191 Oblortlv•s and artlvitlas The oblects of the charlty are advancement of the Chrlstlan falth and the rellef of hardshlp. TheTe have been no changes in the charltable objects of Hope Church Orplngton Ithe "Church'l durlng the year. In furthÈrante of these objects the charlty operates congregatlons In flve locatlorn$ sn the local area offerlng a range of a¢tlvltles and pastoral support to both church members and the wlder ¢omn)unlty. When considerlng the aims and objectlves in general and those that were to apply for the year, the Elders and the other Directors have con8idered the Charity Commlsslon's Ithe "Comm15$1on"I guldance Dn publlc benefit and, In particular. the specific guidance on charitles for the advantement (rf rellglon. V•lu95 sIBlgment The Church has a detailed values statement whlch can bè summarlsed as lolltsws= We are an evangelleal church bullt upon apostollc and prophetlc foundations to dlsplay and express the love and gra￿ of God to the tommunlty artsund u5 commTrtted to worship. prayer. evangdi5m, dlscipleshlp and buildlng frlendshlps that endorse tamlly life where everyone can feel secure enough to grow. Practlces Adopted The holdlng of regular Sunday and weekday 5ervlces and meetings open to all. The Worship of G(Jd. the pieacliing of His Word, the baptism of bellevers and the regulaT holdinB of Communion. A wSde range of evanselistlc activities. both instde the church bu*lding and outside in the community e.g. the F(>od HUB prolett whlth used of our bulldings as a food warehouse 5eTvicing foodbanks in the Borough of Bromlev. The piovisiori of ladlltles and support for the local community e.g. parent and toddler resources, slngle parent resources, support and advlce for familles wlth chlldren. The teachlng and tralnlng of kx)th full and part time staff and lay members. The resourtlng and pmpowerlng Ilncludlng the provision of personnel and flnancel of otheT churches and of Chrlstian work and mln15trle5 both in the UK and overseas. These pract1tr5. plu5 many other activities resulting from our aims and Vlslon Statement, have tontlnued throughout the year. wlth many members being involved in variou5 typÈs of mission work ol one kind or another. The use of 50clal media to make contact has become part of the way the church does mission. Page 2 Hope Church Orpington Directors, Report In additlon. it is our policy to alleviate dlstress and provld& care when approprlate li) HtspÈ chU￿h and thè Local Community. The Church 15 a membEr of the Churches Together groups In Orplngton, Chislehur5t, Brnmley Common and Haves, and regularly participate5 in church foTUrn5 +n Downham. We are also part of Transform Bromley Borough I"TBB-I and acl'ively participate in joint init'iatives. Throu81i oijr contacts ai)d direct referrals, we have be@n ahle to use funds that have been Set aside to alle¥late hardship CaU5Ed by rising lood bills. the c05t of living crisi5. and a150 to offÈr support and help from our staff and church members. Part of the Chuicli'5 valuès Statement Is to 'expre5S the love and grace of God to the community" Tl)e Church recognises the need to serve the local commvnlty and is involved in wnany insliative5 to achieve thi5,. including the followSng'. Parents & Toddlers - tliree groups that meet every week durlng term tii)7e In two of the church bulldlnds and a hlred hall and pro¥ldÈ a service for parents with thelr young children. Pop In - three groups that meÈt Èvery week In three of the thvrih bulldlngs and PFovide ? seFViQ for the tsldÈr generatlon from the communlty. Baby Basits- in conjunction with the Metropolitan Police Sexu31 Exploitètion Unit, Ihe Family N￿rse Partnership, Local Brornley Young Pèrsons, midwives and health visltors. Baby Basics provide5 pssentlal 5UPF>lles and hèlp for vulnerable women Sncludlng teÈnège mums. èsylum seekers and domestie vlolence sufferers. Youth Work- the youth work team run ytsuth mÈetings ènd attivitiÈs for teena8ers and young People Irom the thurth and the local tomrnun*ty. The main meetin8 is held centrally on a Friday night èt St luke's church for èll our ctrngregatlon5. In additiDn, we hold a number of taf8eted events and teachlnBs based withln our local COl)8re8ations. Citlzens Adv4ce the Orplngton building Is made èvallablÈ to the activitle5 of Citlzen5 Advlce helplng the local community with legal. Social and gen￿ra1 advlce. Work wlth women exiting domestlc vlolent relationsl)Ips- support group with practlcal heSp. Partnering wlth the NHS tralnitig team5 to upskill thelF staff. Teaching Eng115h a5 a sècond language launched onlino for families In *hÈ lotal area and furthÈr atleld. Schools Work - local schools are invlted to VlSlt the Church a5 Part of their religiou5 education and trainlng and duriiig the year we have run a lunch club in è local primary 5thool. Street Pastors- tonlunction with oiher local churches. we support the street pastors in Orpington and Bromlev Town Centres helping the local police and community. Ma¥rlage Preparation and Support- an opportunlty for couples plannln8 to get marrled to get trainlng as well a5 life Skills for bulldlng 5trtrng mayrlages Is DFfered on demand. The Church opeTate5 Out of five loratlons w5thln the London BorouEhs of Brtsn)ley and Lewlsham. Page 3 Hope Church Orplngton Directors, Report In De¢embÈf 2022 we sold the Goodmead CentrÈ In Qrplngton to Trlurnphant Church Internatlonal, a church re-lotatlng Into Orpington. The Capital recelpts have been set aslde lor.. Seed Capital for future eapltal Investmer)t. CapStal Investmonts at st Luke's and in the Walnuts Centre. Extendlng our Community and Social Action MSnlstries. CTeating a Cential Servlee5 tearn. Expandlng 4)ur mlnisteilal and general Intern programme. Followlng the outbreak of the Ukralne conflict in February 2022 the Church partnered with the community, other thurches In the UK and members to resource and 5UPPOIt 515ter churches in Ukraine. providing food and 5UPPOrt to their communities. ThrDughout thi5 last year we have overseèn 7 van trlps to Krakow In Poland. dÈllvÈrlng 19.5 tonne5 of food and supplies. In addltlon, there were 4 trip5 to Krakow by aeroplane to purchèsè food and supplies locally for loadlnK Into van5 from Ukraine. spènding over £5,￿K> each tlme. Achievement$ 4nd performance Given that the objects OF the Church ère to advance the Chrlstlan falth and tellève hardshlp, the Dlrectors are pleased wlth what ha5 been achieved during the year under revl@w. There ha5 been continued expansion of the work of the Church in spreadin8 the Christ5an falth thTough thp five congregation5 now In operation. Varlous courses have been ruyt to entourage Christians in thelr faith. and to glve opportunity to those wlshing to explore the Christlan faith. The Alpha course was run seveial tlmes, and the Vlslon and Values course was run frequentlv for tnembers to the Church. In addltlon, Brants ttstallln8 £176,075 have been made to varlous organlsations and Indivlduals which are advandng the Christian falth or seeking to Telleve hardshlp. (The £176.075 doe5 not include food and othèr supplles glven to us at iero cost lor oThward di5tributlonl. FI￿anCIal revlew The Church's prlntlpal Sour￿ of income is from voluntary donations. Reviewing our linanclhl p051tion for 2023.. We gave away 18% of our incorne and ended the year wlth a deflc5t of £1184,802112022 surplus £699,397) on unre5trlcted funds l¢ncludSng deslgnated funds). Glfts to external organlsatlons and indlvlduals are considered, L>y the Elders and approved by the Dlreetors, on the bg515 of need and fullllment of the Charltable oblettlves. There 15 no upper or loweT limit of support. The re5eTves pollcy of the charlty Is to mblntaln reserves of a minimum of two months to a rnaxlmum of twelve months expendlture, whlch would cover the employment needs for approxSmately 3 month5 and as operating capital. Two month's unrestrlctÈd fund expenditure in 2023 amounted tts approxitnately El54.(KX) and unatlon. The directOTS conflrrn that there 15 no relevant information that they know of and of wliich they know the audltor Is unaware. The annua eport wa approved bythe directors of the chailty on 5 September 2024 and slgned on it5 behalf by.. 3rry Palmer Chairman and director Page 9 ope Church Orplngton Independent Audltor's Report to the Members of Hope Church Orpington Oplnlon We havè audlted the fin3nclal statements of Hope ChuTch Orplngton Ithe 'charity'l for the year Ènded 31 Decernber 2023, whith cornprise the Statement of Flnanclal Activltle5, Balance SheÈt, ststement of Cash Flows, and Notes to the Flnanctal Statements, indudlng a summary of slgnifl¢ant accounting pollcies. The flnancial reportlng framework thal has been applled In thelr preparatlon Is Unlted Klngdom Attounting Standards, comprlsing Charities SORP- FAS 102'The Finantial Reportins Standard appllcable In the UK and Republic of Ireland, and èppllcable law Iunited KlngdDm Generally At£epted Accountln8 Practlcel. In our oplnlon the flnanclal statement5'. give è true and falr view of the State of the charlty's affalrs as at 31 ￿e￿rnber 2023 and of Its Incoming resourtes and application of re5trurces. Includln8 It5 Income and expenditure. for the year then ended,. have been properly prepared in accordancÈ with Unlted Klngdom Generally At￿pted Atcotsntlng Practlce- and have been prepared In 4cCOrdan￿ wlth the requirements ofthe Companles Act 2￿. Basls foroplnl¢*n We cond￿cted our audtt In attordance with Internatlonal Standards on Auditlng IUKI IISAS IUKII and applltable law. Our Tesponsibi1ities undÈr those Standards are further descrlbed in the auditor responslbllitles for the audSt of the flnancial statemÈnts section of our report. We are lThdÈpendent of the charity in atcoidaTrce with the Èthlral requirement5 that are relevant to our autllt of the linanaal statements the UK, including the FRCS Ethical Standard, and we have fulfllled our other ethleal responsibilltles In accordance wlth these requirements. We belleve that the audit evidence we have obtalned Is sufliclÈnt and appropriate to provlde a ba515 for our opSniots. Olhgr matlers The eorrè5ponding flgures and comparatlve flnancial statements In the current yearfs flnanclal statements were derived f¥om the financial 5tBtements foi the year ended 31 December 2022 which were not audited. Concluslons relatlngtg golng eont•rn In audltlng the flnanclal statements, we have concluded that the dlrectors use of the goin8 concern basls of aceountlng In the prepaiation of the Ilnancial statement5 is approprlate. B85ed on the work we have performed, WÈ have not Identlfied any materlal uncÈrtainties relating to weDls or nditions that, Individually or collectlvely, may cast slgnlllcant doubt on the charity's ability to continue a5 a 8oing oncern for a perlod of at least twelve months from when the orlginal finènclèl statements were 8utht)ri5ed for Issue. Our Tesponslbllltles and the respon51bilities of the directors wilh respert togoin8 concern are des¢rlbed In the ielevant sectlon5 of thi5 report. Other Informotion The dlrectors are responslblè fot the other Informatlon. The other Information comprls&s the informatlon intluded In the annual report. other than the flnanclal statements and Oktr auditols report thereon. Our oplnlon tsn the financlal statwnents fltses not cover the other Informatlon and. except to the extent otherw15e explidtly stated In our report, we do not express any form of assurance conclusion thereon. Pège 10 Hope Church Orpington Independent Auditor's Reporl to the Members of Hope Church Orpington In conne¢i¢on with our audlt of the financial statements. our fesponsibilify Is to re4d the other Inlormatlon ènd. in doin8 so, consider wh2theT the other information is materially inconsistent wlth the linanclal statements or our knowledge obtalned In the audit or othen￿lSe appear5 to be materially m15Stated. If we idèntify suth material inconsistpncies or apparent material mis5tateMents. we aFe required to dete¥mlne whether therè is a material m155tatement in the financlal statements or a material mi55tatemeTrt of the other Information. If, based on the work we have performed, we conclude that there 15 a materlal rnlsstatelne￿t of thls other inlo¥mation. we aTe required to Teport that fact. We have nothing to report in thls regard. Oplnlon on other matter prescribod byth? Compallle$ Art 2006 In our oplnlon, based on the work undertaken in the tourse of the audlt-. the informatlon glven in the OirectOTS' Report for the financial year fDr which the flnanual Statements are prepaTed1s conslsten* wlth the financial 5tatementS,' Hnd the Directors, Report ha5 been prepared in accordance wlth applicable legal requlretnent5. Mètters on whtch wa are re4￿1¥£d tts report by exeeptlon In the15ght of our knowledge and understandin8 of the charlEy and Ènvironment obtalned ¥n the course of the audit, we hav¢ not Identlfied material misstatements In the DlrÈctors' Report. We have nothing to TepDrt in respÈd of the following matters where the Cornpdnles Ad 2(XK req￿lfeS us to report to you il, in our opinion-. 8dÈquate aceounting records have nol been kept. or returns adequate for our auflit have not been re￿1ve￿ from branches not visited by u5,. or the financlal statements are not In agreement with thp accountlng retttrds and returns,. or tertaln disclosur&s ol diTectors remuneration specified by law are not made.. or we have not recelved all the Snformation and explanatlons we requlre For our audlt. R*sponsSlTrllltles of dlrectOTS As explained more fully In the Statement ol directors, responsibilities Iset out on page 91, the dliectors 8re re5pDnslble for tho preparation of the liTrantial statemeiits and for being satislied that they give a true and falr vlèw, and for such internal control as tho directors determifie is necessary to enable the pieparètlon of financial statements that are free frorn material tnlsstètement. whether due to fraud or error. In preparing the flnanclal statement5. the dlrectors are responslble for assessing the charity's abillty to ¢ontlnve as a going concern, disclostng. as applicatilè, matters related to going conceTn and uslng the golng tontern basls of accounting unless the dtrectOTS either Intend to liqutdate the charlty or to tra5e operatlons, or have no reallstlc alternatlve but to do so. Pège 11 Hope Church Orplngton Independent Audltor's Report to the Members of Hope Church Orplngton Audltor responslbllltles for the Budlt of thefinjnclal $tat8rnonts Our objÈtÈlves are lo obtaln reasonable 4$5urance about whether the flnantlal statements as a whole aTe free from material misstatemÈnt, whpther due to fiaud or error, and to Issue an auditor's report that indudes our opinion. Reasonable Bssuiance is a hlgh level of assurantè, but is Trot a guarèntee that an audst conducted In accordance with ISAS IUKI wlll always detect a material mlsstatement when It exlsts. Misstatements can arsse from fraud (K error and are consldEred material Sf, indlvldually or in the aggreEate. they could reasoTrabty be expected to Influen￿ the economlc det151ons of users taken Dn the basis of these Ilnanclal statements. The Èxtent to which our pracedures are capable of detectlns trre8ularitie5, including fraud Is detalled below.. Audlt protedure5 undertaken In response to the potentlal risks relatlng to irregularities (which include fraud and non-tomp1i4n￿ with laws and regulatlonsl comprlsed ol.. enqusrles of manangement and those charged with governan￿ as to whether thÈ entity complles wlth such laws and regulation5.' enquirles with the same concernSng any actual or potentlal Iltlgatlon or clalms,. InspÈrtlon of relevant le8al corre5pondence,' rÈvlew of board mlnutes,. testlng thÈ appropriateness of Èntrles In the nomlnal ledger. includlng IDurnal entries,. revSewlng transactions around the end of the ieporting period,. a•d the performance of analytlcal procedure5 to identify vnexpÈtted mtsvements in account balan￿5 which may be Indicative of fraud. No instances ol materlèl nDn-compliancè were identified. However, the likelihorml of detecting irreBulèrltiÈs Includlng fraud. is limlted by the inherent dlff(tulty In detecting irrÈKularitie5. the effectiveness of the entlty's contiols, and the nature, tlming and extent of the audlt procedures performed. ITregularl*les that result from fraud mlght be inherently more dilllcult to detect than irregulairites that result from error. As Explalned above. there Is an unavoidable r15k that materlal mlsstètements may not be detected, even though the avdit has been planned and performed in accordance wlth ISAS IUKI. A further description of our responsibilitles is avallable on the Flnanclal Reportlng Councll'5 webslte at: www.frc.org.uklauditorsresponslbllltle5. This desc¥lptlon forms part of our audltor's report. Use of our report Th15 report Is made solely to the charltable company's dlrector5, as a body, In atCOTdance wlth Chapter 3 of Part 16 ol the Companles Act 2LK)6. Our audlt work has been undertaken so that we mlBht stale to the charlty's dlrectors those matters WÈ ale required to state to them in an auditorfs report and for no other pvrpose. To thè fullest extent permitted by law, we do not accept or assume responslblllty to anyone other than the charitable company and its dlrectOTS as a body. f our audltwork. for thls report, or for the opinlons we have formed. TSM Sullivan FCA (Senlor Statutory Audltorl For and on behalf of Field SÉtllivan Limited, Statutory Audltor 9 Hare & Billet Road 81ackheath SE3 ORB Page 12 Hop? Churchorplngton statement of Flnancial Actlvltle$ fortho Year Ended 311)etember 2023 Iln¢ludin¥ Incameand Empe￿dIt￿le Account and Statomontof Total R¢£ogthlsod Galn5 and insses) T￿4¥ 2022 Untestvki¢d Rè&tvlci•d 2023 UnTr5twitted ft*stridèd N*t• IR¢oMÈand Endovdw•nti froiiy. DonalloThs and legacies 760,606 63,348 62,616 188.422 949.028 51.817 62,616 671.723 22.095 13,716 697,487 2W,248 871971 22.09S 13.716 897.487 Investn)gTrt irLCOm Othef inC<￿e Total IncoTne 887.650 176,891 1,064.541 1.605021 2(￿,24$ 1,80S,269 charitab￿ atikntle5 11,06 153.54BI (905,624 51.0491 Tolal exp2t￿ltI1rt 11,062,1281 IL215.6761 1905.624 t rnoyem8nt Infu￿% 23.3d3 $99,397 754,220 RecorLdll•tloD Talal lund5 broughtfDrward 1.791.774 0.320 1.872,094 1.091377 25.497 1,117074 Total Iundsc3ified ftyward 22 1,617.296 101663 1.720.959 1.791,774 80,320 1.872.091 Allol k￿tha￿t¥,S aCtiiTht￿&der4ve Iromt¢fit1nuln8operatK￿￿dUr1￿8IhE abD*lWopeiir￿$. The lunO5breakdovdn lor X)22i55h¢wninnoie 22. The notÈs onpa8es 16to35ftsn￿ anlDie8rèl part0ftlwefl￿n￿l￿ statetllErt5. gage 13 Hope Church Orpington (Registration number: 067382091 Balance Sheet as at 31 December 2023 2023 2022 NotÉi Flxed assèts Tongible a55ets 14 40.786 32,567 Cyrrent assets Stocks 15 5,154 34,862 1,856,545 16.834 95,716 1,785,010 Debtors 16 Cash at bank and In hand 17 1,896.561 1,897,560 Craditors.. Amounts falllng wlthln one yèar 18 76,3881 158,0331 Net turyent a55ets 1,820,173 1,839.527 Total assets lèss ¢urrent Ildbilltles 1,860,959 1,872,094 Pmvlslons 20 140,(xx)I Net assets 1,720,959 1.872,094 Funds of the charity: Restricted IntomÈ fund$ Restrleted funds 103.663 8L).320 Unrestrlcted Ineome funds Unrestrirted funds 1,617,296 1.791,774 TotJl funds 22 1,720,959 1,872.094 The flnancial Sta s on page5 13 to 35 were approved by the dlreeto¥s, and authorised for issue Dn 5 September 20 and 518ne on thelr behalf bv.. Bèrry Palrner Chairman and director The notes on pages 16 to 35 form an Integr41 payt of these financial slatements. Page 14 Hope Church Orpington Statemont of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash Ilows from opeTating at*lvltles Net cash IÈKpendltt)Tellincome 1151.1351 754,220 Adltjstmonts to cash flows from non*•sh items Depreciation InvÈstment Income 42.338 162.6161 62.294 113,7151 1171.4131 802.799 Worklnff ¢apltal adlustments Decrea5e/llntrea5el In 5to¢ks Decreasellincreasel sn debtors Increase In credlto¥s 15 11.680 60,854 17,143 140,QtK) 1,212 15,7731 163,3931 13.102 16 18 Increase Sn provislon5 Increase dÈlerred Income 20 788 Nel cash flt)w& from operating activities 59,476 747,523 Cash flows from Investing 4£tlvttle$ Interest receivable and 51milar income Purchase of tangible fixed assets SalÈ of tangible fixed assets 62,616 150.5571 13,716 119,1861 1,157,857 14 Net Q5h flows from investlng actniities 12.059 1,152,387 Cash Ilows from flnanclng a¢tlvltlBs Repayment of loarbs and borrowlngs 18 1357,3621 Net incTea5e In cash and c45h equlvalents 71,535 1,542,548 Cash and c45h equlvalenls &t l January 1,785.010 242,462 Cash and ¢ash equlvalents at 31 December 1,856,545 1,785,010 l of the cash flows are deTlved flom conllnuin8 opewatlons during the above two peTiods. The notes on pages 16 to 35 foTm an integral p31t of thèse fSnanoal 5tatEments. Pa8e 15 Hope Church Orpington Notes to the Financial Statements for the Year Ended 31 December 2023 I Charttystatus The charlty Is Ilmited by guarantee, incorporated in England and Wales, and consequently do?s not have share tapltal. Each of thÈ dlrectors Is liable to coTrtribute an amount not ÈxcÈedin8 El towards the assets ol the charity In the event ol Ilquidation. The address of Sts regi5teTed offlcÈ Is.. Unit 8 The Walnknts Orplngton BR6 OTW These finantlal statemer*ts were authorised for15sue by the dliÈttors on 5 September 2024. 2 Accountln# pollcfe5 Summary of signrfltant atC4>unltng pollt14s and kay BttountlnKestlmates The pr5ntipal accountlng po15cie5 applled In the preparètlon of these financlal statements are set out below. These pollcles have been conslstently appllod to all the years pie5ented. unless Dtherwise stated. Stat•meTrtof tompllance The fin8nclal statements have been prppared In acetsrdan￿ with Attountlng and Reptsrtlng by CharSties'. Statement ijf Recommènded Practice applicable to ¢harities preparlng thelr accounts In accord4nce w5th the Financial Reporting Standafd applicable In the UK and Republlc of Ireland IFRS 1021 leffectSve l January 20191 Icharltles 50RP IFRS 1021 Second edStlon October 20191, the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021. They also comply wlth the Companies Act 2(X)6 and Charitle5 Act 2011. B&51s of Pfeparatloh Hope Church Orplngton meets the deflnition of a publlt benefit entlty under FRS 102. Assèts and liab￿lItIeS are initlally recogn5sed at hlstorical cost or transaction value unless otherwlse stated in the relevatht accountin8 pgllcv notes. GolnE concerTr The dlrectors conskler that there a￿ no materlal uncertalntles about the charlty's abillty to contlnuè as a going concern nor any slgnlficant areas of uncertainty that affect the tarrying value of assets held by the chadtv. Page IG Hope Church Orplngton Note5 to the Financlal Statements for the Year Ended 31 December 2023 Judgements key sourc050f estlmatton uncertalnty In the applicatlon of the Charity's accounting pol¢cie5. the directors are required to rnake SudgÈments. estimates and as5umptlons about the tarrying arnount of assèts and liabilities that are not readily &pparent from other 5Durces. The e51imates and associated as5vmptio¥%s are based on histori(21 experience and other factors that are n51dered to be relevant. Aclual results may dlffer from thes? estimates. The estlmate5 and underlying assumptlons are reviewÈd on an ongoing b￿(5. Revlslons to accounting estlmates re recognlsed in the perii)ds tn which the Èstlmate is revised where revislons affects only that perlod, or in the period of the revision and futu￿ perlods where the ievi51ons affects both cuirent and ftsturè perlod5. The estlmates and a55umptlons that have è slEnlflcant risk of causing a material adjustment to the carrylng amounts of assets and liabi1Stles within the next flnancial year are addressed below.. - Rep?Ir wolks provision forthtr splro at St Lukg's Churth A realistlc 85sessment of the stale of the work that neÈds to be undertaken under the terms of the lease has been made and provlded lor in the flnantlal statements. - Valuation of st4)ck The Baby 8aslcs restricted stork, whlch Is not for resale but lor d5stributlon to new mothers, ha5 been v8lu2d at a fair value as per Section 6.23 FRS 102. Incomg and endowm&ntS 15ncome Is recognised ontp the chority ha5 Èntltlement to Ehe Income, It is probable that the Sncome wlll be re￿Ned and the arnounl of the Income receivable tan be measured reliably. DonatlDns ond legu¢ies DDnatlons are recognSsed when the char5ty has been notlfied In writln8 of both the amDtJnt and settlement date. In the event that a donatlon 5s subject to eonditlons that requlre a level of performance by the charity before the charlty Is entitled to thè fund5. the in¢ome Is delerre(l and not recognlsed until eitheT those toridttion5 are fullv met, OT the fulfllment of those condltlons Is wholly wlthln the contfol of the charity 4nd It Is probable that these conditions will be fulfilled the reportlng perlod. Gmnts recelvuble Grants are recugnispd when the charlty has ar¢ entltlement to the funds and any conditlons linked to thè grants have bÈeTi met. Where performance tonditions are attached to the grant and are yet to be mel, thÈ Income Is retognlsed as a liability atsd induded on the balance Sheet as deferred income to be felÈased. Deferredlncome Deferred Ineome represents amounts receSved for future perlods and is released to Incomlng resources In the period for whSch It has beeTr recElved. Such Income is or¢ly deferred when.. -ThÈ donor specilles that the Eiant or dtrnation must Dnly be used in future attountlng periods. or - The donor has imposed conditlong whlch must be met bEfore the tharity has uncondltlonol entttlement. Page 17 Hope Church Orpington Notes to the Flnanctal Statements for the Yeai Ended 31 Docember 2023 Glfts In klnd fjlft5 In klnd are reeogn15ed in different way5 dependent on how they are used by the eharltv: 111 Thtrse donated for resolè Produ￿ income when they are sold. They are valued at the amount actually reallsed. 1151 Those donated for onwèrd transmisslon to beneflclaries are included In the Statement of Flnanclal Actlvitles as Incomlng resources and tesources expended when they are distributed. They ole valued at the ornount the charlty would have had to pay to atqulre them. 15111 Those donated for use by the charity Itsell are included when recelvable. They are valued at the amount the charlty would have had tts pay to acquire thern. Investmentlneome Interest Is retognised once it has been declared and notllicatlon ha5 been recelved of the Interest due. Expendlture All expendlture Is fecognised once there is a le8al or construrtlvÈ obli8atlon to that expend5ture, It's probable settlement Is roqulred and the amount can be measured rellably. All costs are allocated to the applicable axpendlture headlng that aggregate slrnilar costs to that cateBOry. Where costs cannot be dlrectly attrlbuted to particular headlngs they have bÈen allocated on a ba515 conslstènt with the use of resource5. wlth central Staff costs allocated on the basis of tlmè spent, and dEpTeciat+on thaigÈ5 allocated on thè portion of the asseY5 use. Other 5UPPOrt costs are allocated based on the spread of staff costs. CharItab￿ artivitles Charltable expenditure eompri5es those costs incurred by the charlty In the de15very of Its actlvltles and services for its beneflclaries. It includes both costs thèt can be allocated dlrectly to such a¢tivltles and those costs of an indlrect nature necessary to support them. Gruntpmvlslons Provislons for grants are made when the Intentlon to make a grant has been comrnunicated to the reclpient but there is untertainty about eSthÈr the timing of the grant or the 8mount of grant pHyable. Support ¢0sts Support costs indude ￿ntral functlons aTrd have been allocated to artlvlty cost categorles on a basis conslstent Wfih the use t>f resources, loi example, allocatlng Property tosts by floor areas, or per capits. staff costs by the time spent and other costs by Iheir usage. TH￿tion The charlty Is consldered to pass the tests set out Ir¥ Paragrèph I Schedule 6 of thp Finance Act 2010 and therefore 5t meets thÈ dellnltion of a tharitable company for UK torpDratlon tax purposes. Accordlngly, the charlty Is potentlally exempt from taxatlon in respect of income Gr capital gains recelveil w+ihin categorles covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the Taxation of Chargpable Gains Act 1992. to the extent that such Income or galns are applbed exclusively to charitable purposes. Page 18 Hope Church Orpington Notes to the Financial Statements for the Year Ended 31 December 2023 Tanglble flxed èssets Indlvidual flxEd assets costing £250.tM) or more are Inltially recorded at C05t. les5 any subSEquent accumulated dEpreclation and Subsequent accumulated Impairment losse5. Depre¢l4llon and amortlsatlon Depretiation is provided on tangik)le fixed assets so as to write olf the cost or valuatlon. less any estlmated residual value, over their expected uselul economlc Ilfe as follow5.' Asset clas5 Depreclation rnethod and rat& stralght I￿ne basis over 50 yeaTS Ibulldln8S only) stralght line basis over 3- Ioyears dependlng on useful lifÈ er the tÈrm of the lease to the earllest break polnt Land and buildings Fh(tures, flttings & eqijlpment mprovements to short leasehold Res•Brth development Research ènd development expendltu¥e is wfitten oll as ineurred. Stock stock Is valued at the lower ol cost and estlmated sellSng ptice le5S Costs to complete and sell. alter due regard for obsolete and sli)w movlng stocks. Cost is dÈtermined uslng the Ilrst-ln, flrst-oul IFIFOI. Tradg debtors Trade debtors are amounts due from ¢ustomers fo¥ merchandlsÈ sold or se￿I￿S performed In the ordinary course of buslnes5. Trade debtOTS aTe recognised InTrtSally at the tran5actlon pllce. They are subsequently tneèsured at amtsrtised cost uslng the effectivè IntÈrest method. less pyovlslon for IthpalrmÈnt. A provision lor the lrnpalrment of tfadp debtors is established whern there is oblettlve evidentr that the charSty wlll not be able to collect all amount5 due aecording to the orlglnal terms of the recelvables. C•5h and Cash equivalents Cash and tash equivalent5 comprise cash on hand a#d call deposits, and othÈr short-teTrn hlghly Ilquld Snvestments that are readlly tonvertlble to a known amwnt of cash and are subject to an in51gnlficant risk of change In v6lL)e. Page 19 Hope Church Orplngton Notes to the Financlal Statements for the Year Ended 31 December 2023 Trade trÈdltors Trade cieditors are obllgatlQ115 to pay for goods or s@rvlce5 that have been atquired in the ordlnary course of business Irom suppliers. Account% payable arè classified as cur¥ent liabilitie5 if the charlty does not have an uncondltional right, at the end of the reportlng perlod. to deler settlement of the ereditor for at least twelve months alter the reportlng date. If there15 an uncondltlonal right to defer settlement for at least twelvè months after the repoTtinB date, they are presented as non-CU¥Tent liabilitle Trade creditors are fecognlsed Initially at thp tfansactlon prlce and subsequently measured at amortlsed tost using thÈ effective interest method. Borrowlngs Interest-bearlng borrowlngs are inltially recorded at falr value. net of transartlon costs. InterÈst-bearing borrowlngs aTe subsequently Carried at atnortised cost, w5th the dirrereTrce between the proteÈds, net of transaction cost5, and the amount due on redÈrnption belng recogn15ed as a charge to the Statement of Fioan¢lal ActivSties over the period of the Televant borrowin8. Interest èxpense is recosnised on the basls of the effectlvè Interest method and Is Included in Interest payable and slmllar chayges. BDrrowlngs are classified as current liabllitSes unless the charlty has an uncondltlon81 rlght to defer settlement ol the liabillty for at least twelvt morrths alter the reportlng date. Provlslon¥ Provlslons are re¢oBnlsed when the ¢harity has an obligation at the reportln8 date as a result of a past event, It15 probable that the charlty wlll be required to sÈttle thal obllgation and a relSable estlmate can be made of the amount ol the obllgatlon. Fund structure Unrestrlcted Inwme funds arè general funds that are avallable ltsr use at the dSrector5 d15cretion in furtheiance of the oblettlves of the charlty. Deslgnated fund5 are uore5tricled funds set aslde for spÈc5flc purposes at the dlscfetion of the dlrectQTS. Restrlcted Income funds are those donèted for use In a particular area or for 5peciflc purposes, the use of whlch Is restricted to that area or purpose. Page 20 Hope Church Orplngton Note5 to the Financial Ststements for the Year Ended 31 De￿mber 2023 Pen51ohs •nd otherpost retlremÈnt obllgatlon5 The charlty ope¥a*es a defined contrlbution penslon scheme whlch is a pension plan under whlch flxed tontrlbutions are paid Into a pension fund and the charSty has no le8al or constructive obllgation to pay further contiilwtion5 even if Ihe fund does not hold SLifl*cient assets to pay all prDployÈes the beneflts rel8tlng to ÈMployÈe serv[￿ in the current and prior ppriods. Contrlbutlon5 to defirtÈd contribvtion plans are reco8nised in the Statement of Fitkantial Activities wheh they ar due. If contrlbullon payments exceed thE contrlbution due for Service. the ex￿5515 re¢ognisÈd as a prepayment. 3 Incomofro¥n donations and lezacles unrestr[￿ed funds R•5trirt lund5 Total 2023 Totol 2022 Donatlons and legacies,. Appeals and donatlons Gift aid reclaimed 663,547 87,059 77.010 740,557 87,059 649,605 81,039 Grants, includlng capital grants.. Grant5 from other charlttes io,(m 57.2(K) 54,212 67,200 54,212 61,(MX> 80.327 Glfts In klnd 760,6 188,422 949,028 871,971 4 Intome from ¢h&ritable actlvltles Unr•strldod funds General Restrlcted fund5 Total 2023 Total 2022 Church acllvitles 56.093 7,255 111,5311 44.562 7,255 18,802 3,293 Henta5 Income 63.348 111,5311 51,817 22.095 Page21 Hope Church Orpington Notes to the Flnancial Statements for the Year Ended 31 Decembor 2023 5 Investm*nt lthcome Unre5trlrted funds Ganeral Total 2023 Total 2022 Interést recelvable and slmllar Income,. Interest retelvable on bank deposlts 62,616 62,616 13,716 6 Other Incom• Unrestrlrted I￿￿d5 Gentral Total 2023 Totll 2022 Mlscellalleous Income Galns on sale of tan8lble flxed assets for eharlty'5 own vsÈ 1,080 897,487 1,080 897,487 Page 22 Hope Church Orpington Notes to the Flnanclal Statements for the Year Ended 31 De￿mber 2023 7 Expendlture on charltable actlvltles Total 2023 Tot81 2022 Note Church famlly actlvltles Conferentss and othertralnins Orplngton premlses and operètlng ctssts BromlÈy premlses arid operatlng costs WÈ5t Wlckham & Chislehurst prernises and trpe*ating ttssts Downham prÈm5ses and operatln8 Costs Repalrs and ma5ntenance Other charitable eKpenditure Evangellsm and tomrnunity outreath Children's and youth work Training future leaders MlnlsteTial and travel expenses Depreclation. amortisation and other 51milar cost5 Grants to Indlvlduals 3,862 2.110 58,504 46,226 25.355 37,316 140.tl(X) 1,278 19.745 81.031 31,564 24.961 42.338 50,51B 125.557 395,462 129,849 3,494 1,754 71,364 44,259 21,808 34,755 20 871 10.216 25.688 29,080 10,308 62,294 34,838 146.187 403,815 150,318 Grants to Instltutlons Staff cgsts Support Costs 1,215,676 1,051,049 In addition to the expenditure analysed above, there are also support t05ts of E129,84912022 - E150.3181 whlth relate directly to charitak>le actlyltles. See note 8 foT further det451s. Page 23 Hope Church Orplngton Notes to the Financial Statement5 for the Year Ended 31 December 2023 8 Analys15 of support cost5 R8StrEcled fvnds Tot•1 2023 Total 2022 staff costs Wages and salaries Ststlal security costs Pen51on c05t5 75,211 6.546 6,569 85.343 7.753 6,815 Avdlt fee5 Audlt of the flnèntlal st*ement5 iO.ICM) 5,617 24,956 Bank interest P3yable Admlnlstration expenses Independent examlnatlon Legal and PTofe5sional 142 17.720 25,339 5,2(M) 2,148 750 142 129,849 150.318 Page 24 Hope Church Orpington Notes to the Financial Statements for the Year Ended 31 December 2023 9 Grant.maklng AnÈlysls of gra￿t$ GrAhts to Instltutlons 2023 2022 Grants to Indlvlduals 2023 2022 Analysls To individua15 50,518 34,838 To institutions 125.557 146,187 125,557 146,187 50,518 34.838 Below are details of materlal grants m8de to instltution5 2023 2022 Nam8 of Instltutlon Actlvlty Church activitiÈs Regions Beyond Lesotho Church 25,200 25,200 2,900 Church activities Transform 8romley Borough Food Partnership other grants of less than £l,(KK) Various organ15aiions 6rldge School Ukralne Support Food dlstributlon 56,019 2.408 2,168 1,20D 38,562 125,557 50.757 1,551 8,16rJ 3.200 54.419 146,187 Church activltles Church actlvltles Church a¢£lvlties Church actlvllle5 Pa8e 25 Hope Church Orplngton Notes to the Financial Statements for the Year Ended 31 December 2023 10 D5rertors remuDg*atlon and expens•s During the year the charity made the following transactlons wlth directors= Anthony Hall re￿IVed remuneratlon of E56,359 12022.. £55,295) plus pension contributlons of £5,636 12022= £5.4101 and hls wlfe. T5na Hall. re￿Ived remuneration of £12,36712022.. £12.5871 plus penslon contributlon5 of £1,237 12022: £1,187). Gary Carvosso re￿iVed remuneration of £17.343 12022.. £17,125) plus pension >ntributlons of £1,734 12022-. £1.6161. Durlng the year Molly CatV0550. daughter of Gary Carvosso, received £13,29312022.' EIO.6671 plus p&nslon tontrlbutions of El,32912022.. £1061 in conne¢tion with her employment as rnedia asslstant wlth the charlty. Thelr remuneration was in atcDrdance with the wovislons of the 8iwerning document. Three dlrectOTS and persons related to them incurred èxpenses totsllng £26,lJ)712022: É39.6991 in connectlon with thelr dutles as employees or voluntÈers rèther than as dlfeLtor5 and one of them recèived £1,2Q)12022-. £1.2(h)I to covei ekpense5 accommodatlng an intern wotkln8 at the church. The signlfeant deEfea5e from prevlous vear Is due to E16,66912022.. £34,767] bÈlng relmbursed for ijkraine aid expendsturÈ In the last two years. Don4tlon5 recelved fiom the directOTS and persons connected to them for the year totalled £126,82412022.. £90,476). Page 26 Hope Church Orplngton Notes to the Financial Statements for the Year Ended 31 De￿mber 2023 11 Staff tvsts The aEgTÈgate payroll costs were as follows: 2023 2022 St&ff Costs durlng the year Wore: Wages and salarles Soclal securlty costs Pension costs 412,168 32,611) 39,120 422,211 36,628 44,887 483,888 503,726 The monthly average nutnber of persons lintluding senlor managernent I leadershlp team) employed by the thar*ty durin8 the year expressed as full time e9uivaleDts was a5 follow5-. 2023 2022 Mlnlsterlal Support li 12 912022- 91 ol the above employee5 Partlclpated in the OefSned Contrlbution Penslon Scheme5. ThÈ number OF employees whose emoluments fell within the following bands was.. 2023 2022 E60,CM)1- £70,CX)D The total employee benefit5 of the key rnana8ement personnel of the tharlty weTe £186,11512022- £182.7131. The chlef executlve offjcer, as the highest paid member ol stalf. received benefits totallin8 £61,995 12022 E60,7041. 12 AudttOTS' remuneratlo 2023 Audit of *he financlal statements io,ioo Page 27 Hope Church Orpington Notes to the Financial Statements for the Year Ended 31 December 2023 13 TBxatlon charlty Is a registered tharity and is therelore exempt from taJ(atlon. 14 Tanzlble flxed assèts lrnprovements to short lea5elwld Fumlture and equlpment Total Cost At l January 2023 Add5tlons 157,705 8.685 184,797 41,872 342,502 50.557 At 31 Decernbel 2023 166,390 226,669 393,059 pr*rlatlo At l January 2023 Charge for the year 146,107 10,918 163,828 31,420 309.935 42,338 At 31 December 2023 157,025 195,248 352.273 Net book v8luo At 31 D£￿rnbel 2023 9,365 31,421 40.786 At 31 De￿rnber 2022 11,598 20,969 32,567 15 Stotk 2023 2022 stock5 5,154 16.834 16 DebtOTS 2023 2022 Trade debtors 2,868 7,605 24,389 52.446 14,635 28,635 Prepayments Othèr dÈbtors 34.862 95.716 Page 28 Hope Church Orplngton Notes to the Financial Statements for the Year Ended 31 December 2023 17 CBsh and tash *4ul¥altrhts 2023 2022 Cash on hand I,iii 1.855.434 406 Cash at bank 1.784,604 1,856,545 1.785,010 18 Credltors: Bmounts falllng duo wlthln ono y94r 2023 2022 Other laxatSon and soclal security PAYEINI Liablllty Provlslon othe* CTedltors 10,427 631 15,937 2.248 61,OB2 2,mO 2,584 38,724 788 Accruals Deferred Income 76,388 58.033 2023 2022 Deferred Income at l January 2023 RE50urce5 delèrred In the perlod Amounts released from previou$ peilods 78B 788 17881 Deferied Income at year end 788 Page 29 Hope Church Orplngton Notes to the Financial Statements for the Year Ended 31 De￿rnber 2023 19 Obllgatlons under leases and hlre purchase contrart$ Optsratlng l&os• Commltments Total future rninlmum lease paymehts under non-cantellable operating leases are as follows.. 2023 2022 La1￿ and bulldln Within one year Between oné and five years 10,000 7,500 7.5(K) 17,500 20 Provlslons St Luktr's Church sply 1140,(KOI Total Utlllsed durlng the period 1140.OODI 21 Penston and oth&r 5theme5 Dèflned eontrlbutlon pen51on scheme The cha¥lty tspeTate5 a deflned contrlbutitsn penslon scheme. The ppnslon cost charge for the year r2pre5ents contrSbutions payable by the charlty to the 5theme and amounted to E39,12012022- £44.8871. Page 30 Hope Church Orpington Notes to the Financial Statement5 for the Year Ended 31 December 2023 22 Fulld Balance at I January 2023 Incoming fesourc95 Re50urc95 expended Balancè Mt 31 December 2023 Translers Unrestrlcted funds Genèml General Fund5 1,663,129 7,650 1920,2631 140,6tM)I 1,589,916 DÈs1glllJt¢d New tonereEaiions RepAlf a￿d Tnainten&nie fund social fund 963 963 100,DLWJ 13,652 1140,6wI 40,6rx) 13.652 Central fuads and Infrastwctu￿ team 577 Hardship fuld Food dtstrtbution fvnd 251 5.223 7,541 5,223 7.291 Mlcio miss￿￿ fund i?y)I 128,645 1141,8651 40,6(N) 27.3BO Trfal unrÉ%lrfcted fu￿dS 1,791,774 B87.650 11,062.1281 1,617.296 Re5trlcted lunds Special offeriThg aTrd collectlDns sii 511 OveT5eas aid J,500 11,50JI Mkro Mission 162 762 West Wltkham 154 154 Baby Ba51c5 Hardship fund fv>od di51ributlon fund 21,138 2,070 21,100 35,185 20.954 1,496 47,4112 56,234 38,572 3,936 I,oDo 245 129,3351 13,3311 12,757 235 5,691 41,896 33,531 1,626 1,000 2a3 Ukralne fund Region5 BeyoThd Global fund Hope Centre foew Dtstsrfuvd Mission Sp0Tr5Qtshlp 149,5231 12.3101 Gift fund 3.636 13.6361 Inter￿5 Support fund Warrn Space fund 306 267 80,320 176.891 1153.5481 103.663 TDtal funds 1,872.09tl 1,064,5AI 11,215,676) J,720,959 Page 31 Hope Chui¢h Orplnglon Notestothe FIDan¢lal statementsforthe Year Ended 81 Docombor 2023 oth•r I￿￿g￿ls• ialnslllty$9•51 Res0￿￿e$ •xp•nd•d JqnuBry21 D4ie¥Trb*rZ022 UnreslwlctpJfuhdx 6ener47 Gtnèral Fund5 5A30 707,534 1817,3281 ISO,¢X)Dl 897.4187 1,663,129 New¢oDBse#atlDn5 PeOrInrtmaintenB￿e lund Chrlsl CÈnirJl Church, Per So¢lal a¢ii¢n fund J8.684 50,ODO 9.OLK) 13ffi52 1.154 1.007 5,223 8.141 963 50,(QO 19,OWI 13.652 $77 CEntrallundsand inlia5tructuie tearn Hardship lund Fo>1 d15trlbutknnfund lund 15771 5,229 2£,2961 sO,￿D 128,64S I￿￿2.￿77 707,534 1905.6241 897,487 1,791,774 R•5tEiLtEdhind Spetial o1lerhda￿cDk1e[lloThs O¥etsea5 ald 726 1.538 1.51K) IL5NI MIcroMbw 251 162 Westwickham 154 12,570 31,536 122,9681 21,138 Pa82 32 HopeChu¥ch OrplBgton Notesto th9 Flnatt¢lalStatements fow thè Year Ended 11 DocambBr 2023 Olhor SaLinc•￿ I J￿￿lIary 2022 *￿p0￿￿•d Ir4Trsfprs Detèrnber2022 ardshiplund Food disiributioDfund Ukrakne lurKI 17741 9P22 12,257 63,717 2,Q70 21.1th) 151.6391 55 25A97 2fyJ,248 1145A25 80,320 1,117,874 907,782 11,051,049> E97,487 1,872,094 Pa8e 33 Hope Church Orpington Notes to the Flnanclal Statements for the Year Ended 31 Decembei 2023 Delsgnatsd funds: New CongreBatlons- money set aslde to establlsh new congregatlons. Repair and maintenance furd - transfer5 have been made to th15 fund to fa¢llltate fepair of the splre at St Luke's Church Bromley Common. In accordance with a lease datÈd 23 Decernber 2014 the charlty is to repalr and *e5tore the spire wlthln 5 years of tho date of the lease. Work on repalrlng and restoring the splre together wlth other work5 Started In August 2024. At the 31 December 2023 a prDvlslon 01 £140.CI)O was created (See note 201 thereby reducln8 the balance on thls deslgnated fund to zero. Christ Cential Church, Pèn8e- aTe lund5 for mentorlng servlces. Soclal actlon fund- a gift wa5 re￿IVed towards the 50clal actlon of the church. It has slnte been clarified wlth the donor that the funds can be u￿d at the dlscretlon of the directors who have agreed it wlll be usèd as far as Possible for sodal actlon ènd therefoie the Income has been treated as deslBnated. Central funds and Infrastructure team- money set aslde to farllltate the work of the Infrastructure team. Hard5hlp fund- a fund to PTovidod help for those fadng financlal hardship. Food distribullon fund - funds Set aslde to asslst the work of the Transform Bromley Borough Food Partner5hlp Micro misslon fund- funds set aslde to facllttate smaller evan8ellstlc ventures and Inltlatlves. Reslrltted funds: Spetl81 offering5 and collecllon5- monle5 frvm special offerlngs or glfts retrlved for a restrlcted purpose whl¢h do not fotm part of anothef restrlctÈd fund. The transfer out of restrlcted lund5 reflert5 restrlLted Income fully expended on assets lor ongoln8 use for unrestricted purposes. Overseas ald- thls fund represents mon1É5 ialsed spedflcally for rellef of poverty overseas countries. Mlcro M1551on- funds recelved to facllltate smaller evangellstlc ventures and InltiatlVÈ5. Hayes and West Wickham- this lund recelve5 income restricted for the purthase of sensory play equlpment for the Little Gem5 toddler g¥oup. Baby Basics - this fund receives income restritted lor use in provldlng essentlal equipment. clothlng and tolletrle5 for women and families in extreme need. Hardsh5p fuhd- this fund retelves gifts for helping those faclng flnancial difficulttes. Food d15tr*bution lund - thls fund re￿IveS Income to fadlltate the 4Ctivitie5 of the Transform Bromley Food Partner5h5p initlative. Page 34 Hope Church Orpington Notes to the Financial Statements for the Year Ended 31 De￿mber 2023 Ukraine fund th15 fund retesves income to provide food and necessities for faith communitle5 that we partner with living in unoccupied Ukralne. Reglons Beyond Gltsbal fund- Gifts received to further the evanKe115tlc work of the Reglons Beyond Global famlly movement that we are part of. Hope Centre New Door fLsnd- Glfts to Improve the infia5trurture at the Orplngton Hope Centre slte. Mlssion Sponsorship- Glfts to allow overseas Mlsslon for those unable to aflord togo. Release Internatlonal- Money raised at events to support Release InteTnational. Gift fund- Small Gifts made for specific pu*p05ps wlthln the church actlvltles. Intern Support lund- Grants re￿￿ed to support the Church Intern programme. Warm Space- Glfts recelved to help provlde a warm spate for anyone to meet and share hot food and drlnk. Based in the Orpington Walnut5 HU8 build5nE. 23 Analy$15 of n•t a$59ts b*tw*•n fvt)d$ Un*estrlcted funds G8D8r41 Total funds at 91 December 2023 Restrl¢ted funds T)nglble flxÈd assets Current èssets ¢10,786 1.792.898 176,3881 1140,(KK)I 40,786 1,8g6,561 176.3881 1140,0 103,663 Provlslons Total net as5etS 1.617,296 103,663 1,720,959 Unrestrlrted funds fjpnEr41 Total funds 8t 31 December 2022 R*strleted fund$ T)nglble Ilxed assets C￿rrent assets 32,567 1,817.240 158,0331 32,567 1,897,560 158,0331 80,320 Total net a55et5 1,791,774 80,320 1.872.094 24 R¢lated partytransBctlons There were no related party transactlons In the year otherthan those hi8hli8hted in Note 10. Pa8e 35