**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**| |||-|