TRUSTEES ANNUAL REPORT
(1st JANUARY 2022 TO 31st MARCH 2023)
Sure Hope Church
About Us
Sure Hope Church (SH) is a Christian church situated in Old Colwyn (Conwy), committed to serving its local community and giving people the opportunity to explore the Christian faith. SH is a member of Assemblies of God in Great Britain and a member of the Evangelical Alliance UK.
In addition to regular weekly (Sunday) church services, the church runs a number of midweek activities for all ages, maintaining a Christian presence in the community.
The church is involved with and supports several local and international Christian ministries.
Review of 2022 / 2023
'In early 2022, Sure Hope Church started the journey of joining the Festival Church family of churches, which was well received by many. This process included identifying a new Senior minister, and Jay Lusted was appointed to replace the previous minister, David Hatch.
The church has continued to adapt and explore new ways of expressing church life to provide support and spiritual encouragement to congregants.
The Year Ahead (2023/2024)
The charity trustees will continue to meet throughout the year to carry out their respective responsibilities.
Statement of Responsibilities
The trustees will continue to ensure good governance of the charity and will make the necessary arrangements for the proper control and administration of its financial affairs and ensure that the resources for the administration of those affairs are available.
Responsible People
Mr T J Rowlands - Chair of Trustees Mr ML Meynell - Trustee Mr R D M Stewart - Trustee Mr P Pierce - Trustee Mrs K Ferreira - Secretary
Signature of Chair of Trustees:
Date: 19th December 2023
Sure Hope Church - Company Limited by Guarantee Detailed Statement of Financial Activities Period Ended 31st March 2023
| 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 Visiting Speakers Travel Expenses Audio Visual Equipment Child protection Church expenses Conferences & Meetings AoG Tithe Other Tithes/Donations Access to work Grant purchases Foodshare Expenses Café Refurbishment 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 |
£ £ 39,440 22,204 4,411 171 2,741 8,193 5,741 8 82 82,991 27,244 509 111 192 1,177 792 1,098 379 10,043 2,357 234 44,136 4,076 7,686 11,762 11,020 8,767 19,787 4 3,610 1,872 3,070 1,907 700 1,493 1,229 356 840 1,534 16,615 92,301 (9,310) 2023 |
£ £ 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 2022 |
£ £ 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 2022 |
|---|---|---|---|
| 68,197 | |||
| 23,706 |
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 March 2023 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 82,991 |
31-Mar-23 31-Dec-21 Total Funds Total Funds 82,991 91,903 |
31-Mar-23 31-Dec-21 Total Funds Total Funds 82,991 91,903 |
|---|---|---|---|
| 31-Mar-23 Total Funds 82,991 |
|||
| 82,991 44,136 11,762 19,787 16,615 |
82,991 44,136 11,762 19,787 16,615 |
91,903 36,936 7,436 14,070 9,755 |
|
| 92,301 | 92,301 | 68,197 | |
| (9,310) 547,053 13,585 |
(9,310) 560,638 |
23,706 536,932 |
|
| 537,743 13,585 |
551,328 | 560,638 |
Sure Hope Church - Company Limited by Guarantee
Balance Sheet as at 31st March 2023
| Unrestricted | Restricted | 31-Mar-23 | 31-Dec-21 | ||||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | **Total Funds ** | Total Funds | |||
| Fixed Assets | |||||||
| Church Building | 4 | 679,755 | 43 | 679,798 | 679,798 | ||
| Other Assets | 301 | 301 | 1,835 | ||||
| 680,056 | 43 | 680,099 | 681,633 | ||||
| Current Assets | |||||||
| Bank | (4,865) | 13,542 | 8,677 | 30,317 | |||
| Debtors | 5 | 1,854 | - | 1,854 | - | ||
| - | - | ||||||
| (3,010) | 13,542 | 10,532 | 30,317 | ||||
| - | - | ||||||
| Creditors | - | - | |||||
| Amounts falling due within 1 year | 6 | 19,428 | 19,428 | 18,558 | |||
| Net Current Assets/(Liabilities) | (22,439) | 13,542 | (8,897) | 11,759 | |||
| Total Assets less Current Liabilities | 657,617 | 13,585 | 671,202 | 693,392 | |||
| Creditors | |||||||
| Amounts falling due after more than 1 year | 7 | 119,874 | 119,874 | 132,754 | |||
| Net Assets | 537,743 | 13,585 | 551,328 | 560,638 | |||
| Repesented By:- Restricted Funds Unrestricted Funds Retained Profit Total Funds |
8 8 |
13,585 13,585 13,585 537,743 537,743 547,053 537,743 13,585 551,328 560,638 ~~ff~~ |
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.
25 Jan 2024 Approved by the Board of Trustees on ……………………. and signed on its behalf by:
Director
Timothy Rowlands
Sure Hope Church - Company Limited by Guarantee
Notes to the Financial Accounts for the Financial Year Ended 31st March 2023
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 from 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 Mar 2023 £679,798 £68,398 Depreciation Brought Forward 66,563 Charge for Period 1,534 Elimination on Disposals At 31st Mar 2023 £68,097 NBV at 31st Mar 2023 £679,798 £301 NBV at 31st Dec 2021 679,798 1,835 4. Debtors 2023 Income Tax Recoverable Other Debtors 1,524 Trade Debtors 330 Total Debtors £1,854 5. Creditors - Amounts due Within 1 Year 2023 Credit Card Creditors 1,156 Other Taxation 255 Accruals 700 Kingdom Bank Mortgage 17,317 £19,428 |
Total £ 748,196 |
|---|---|
| £748,196 | |
| 66,563 1,534 |
|
| £68,097 | |
| £680,099 | |
| 684,701 | |
| 2021 | |
| 2021 1,241 17,317 |
|
| £18,558 |
Sure Hope Church - Company Limited by Guarantee Notes to the Financial Accounts for the Financial Year Ended 31st March 2023
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 |
2023 2021 119,874 132,754 £119,874 £132,754 Net Move At 31/12/21 in Funds At 31/03/23 547,053 (9,310) 537,743 547,053 (9,310) 537,743 482 482 - 11,000 11,000 43 43 2,060 2,060 13,585 13,585 |
2021 132,754 |
| £132,754 | ||
| 560,638 (9,310) 551,328 |
||
| - |
! 1111