## **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