Sure Hope Church - Company Limited by Guarantee Detailed Statement of Financial Activities Period Ended 31st December 2021
| Incoming Resources Donations & Gifts Gift Aid Gift Aid Tax Claim Conference Room Hire Night Shelter Project Coffee Bar Sales Foodshare Grant Claims Other Income Bank Interest Bank Charges & Interest Refund Utilities Commission Total Incoming Resources Resources Expended Functional Costs Wages Pensions Training Visiting Speakers Travel Expenses Audio Visual Equipment Alpha Child protection Church expenses Missions Conferences & Meetings AoG Tithe Other Tithes/Donations Gifts Youth Work Nightshelter Expenses Mini Bus Expenses Foodshare Expenses Food Coffee Bar Expenses Van Expenses Sundry Expenses Support Costs Insurance Utillities Building Expenditure Building Repairs Mortgage Interest Administration Costs Advertising Office supplies Printing Computer Costs Equipment Rental Telephone & Internet Accountancy Legal & Professional Licenses Sundry Expenses Bank Charges Depreciation Total Resources Expended Net (expenditure)/Income |
£ £ 32,921 24,525 7,118 6,375 9,000 930 1 10,997 37 91,903 23,571 1,620 1,050 600 129 686 650 979 10 6,394 1,247 36,936 2,615 4,821 7,436 6,480 7,590 14,070 62 772 2,335 2,186 1,019 350 513 161 823 1,534 9,755 68,197 23,706 2021 |
£ £ 56,041 19,392 6,966 3,122 5,202 9,344 8,069 10,000 7 82 118,224 36,737 1,485 18 900 523 387 1,017 86 1,366 6,825 459 212 705 5,212 4,168 2,270 2,296 64,667 2,757 7,360 10,117 7,345 8,033 15,377 95 843 1,317 2,066 1,162 350 6,378 632 969 1,534 15,346 105,507 12,718 2020 |
£ £ 56,041 19,392 6,966 3,122 5,202 9,344 8,069 10,000 7 82 118,224 36,737 1,485 18 900 523 387 1,017 86 1,366 6,825 459 212 705 5,212 4,168 2,270 2,296 64,667 2,757 7,360 10,117 7,345 8,033 15,377 95 843 1,317 2,066 1,162 350 6,378 632 969 1,534 15,346 105,507 12,718 2020 |
|---|---|---|---|
| 105,507 | |||
| 12,718 |
This analysis is provided for management information purposes only, and does not form part of the financial statements
Sure Hope Church - Company Limited by Guarantee
| Statement of Financial Activities For the period ended 31st December 2021 Notes Incoming Resources Incoming Resources form Generated Funds Total Incoming Resources Total incoming resources Resources Expended Functional Costs Support Costs Building Expenditure Administration Costs Total resources expended Net Incoming/(Outgoing) Resource before transfers RECONCILIATION OF FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Funds Funds 91,903 |
31-Dec-21 31-Dec-20 Total Funds Total Funds 91,903 118,224 |
31-Dec-21 31-Dec-20 Total Funds Total Funds 91,903 118,224 |
|---|---|---|---|
| 31-Dec-21 Total Funds 91,903 |
|||
| 91,903 36,936 7,436 14,070 9,755 |
91,903 36,936 7,436 14,070 9,755 |
118,224 64,667 10,117 15,377 15,346 |
|
| 68,197 | 68,197 | 105,507 | |
| 23,706 523,347 13,585 |
23,706 536,932 |
12,718 524,214 |
|
| 547,053 13,585 |
560,638 | 536,932 |
Sure Hope Church - Company Limited by Guarantee
Balance Sheet as at 31st December 2021
| Notes Fixed Assets Church Building 4 Other Assets Current Assets Bank Debtors 5 Creditors Amounts falling due within 1 year 6 Net Current Assets/(Liabilities) Total Assets less Current Liabilities Creditors Amounts falling due after more than 1 year 7 Net Assets Repesented By:- Unrestricted Funds 8 Restricted Funds 8 Retained Profit Total Funds |
Unrestricted Restricted Funds Funds 679,755 43 1,835 681,590 43 27,952 2,365 - - 27,952 2,365 18,558 9,394 2,365 690,984 2,408 132,754 |
Unrestricted Restricted Funds Funds 679,755 43 1,835 681,590 43 27,952 2,365 - - 27,952 2,365 18,558 9,394 2,365 690,984 2,408 132,754 |
31-Dec-21 Total Funds 679,798 1,835 681,633 30,317 - - 30,317 - - 18,558 11,759 693,392 132,754 |
31-Dec-20 Total Funds 679,798 3,369 683,167 14,323 - - 14,323 - - 18,078 (3,755) 679,412 142,480 |
|---|---|---|---|---|
| 558,230 2,408 |
560,638 | 536,932 | ||
| 13,585 547,053 |
13,585 547,053 |
13,585 523,347 |
||
| 560,638 | 560,638 | 536,932 |
For the year ending December 31st 2020 , the company was entitled to exemption under audit under section 477 (2) of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Trustees acknowledge their resposibility for:
i) ensuring the company keeps accounting records which comply with Section 386; and
ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
Approved by the Board of Trustees on ……………………. and signed on its behalf by:
Director
Sure Hope Church - Company Limited by Guarantee
Notes to the Financial Accounts for the Financial Year Ended 31st December 2021
1. Statement of Accounting Policies
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. This exempts the company from preparing and including a Cash Flow Statement in these accounts.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities where the charity is legally entitled to all the income and the amount can be quantified with reasonable accuracy.
Resources Expended
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 attributable to particular headings they have been allocated on a basis consistent with the use of resources.
Taxation
The charity is exempt form taxation on its charitable activities.
Depreciation
Depreciation has been calculated on the basis of writing off each asset on a 25% reducing balance basis
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 restricted purposes.
Further explanation of the nature and purpose of each fund is included in the Report of the Trustees.
3. Tangible Fixed Assets
| Church Fixtures & Building Fittings Cost Brought Forward 679,798 68,398 Additions Disposals At 31st Dec 2021 £679,798 £68,398 Depreciation Brought Forward 65,029 Charge for Period 1,534 Elimination on Disposals At 31st Dec 2021 £66,563 NBV at 31st Dec 2021 £679,798 £1,835 NBV at 31st Dec 2020 679,798 4,903 4. Debtors 2021 Income Tax Recoverable Stock Trade Debtors Total Debtors 5. Creditors - Amounts due Within 1 Year 2021 Credit Card Other Creditors Other Taxation 1,241 Sundry Creditors Kingdom Bank Mortgage 17,317 £18,558 |
Total £ 748,196 |
|---|---|
| £748,196 | |
| 65,029 1,534 |
|
| £66,563 | |
| £681,633 | |
| 684,701 | |
| 2020 | |
| 2020 761 17,317 |
|
| £18,078 |
Sure Hope Church - Company Limited by Guarantee Notes to the Financial Accounts for the Financial Year Ended 31st December 2021
7. Creditors - Amounts due after more than 1 Year
| 7. Creditors - Amounts due after more than 1 Year | ||
|---|---|---|
| Kingdom Bank Mortgage 8. Movement in Funds Unrestricted Funds General Fund Total Unrestricted Restricted Funds Building Loan to Group Undertaking Air Conditioning Grant Funded Fixed Asset Bible School Total Restricted Total Funds |
2021 132,754 £132,754 Net Move At 31/12/20 in Funds 523,347 23,706 523,347 23,706 482 - 11,000 43 2,060 13,585 |
2020 142,480 |
| £142,480 | ||
| At 31/12/21 547,053 547,053 482 11,000 43 2,060 13,585 |
||
| 536,932 23,706 |
560,638 | |
| - |