2023-03-31-accounts

Hope Church Winchester (Limited by Guarantee) (Company number 06804892)

Report and Financial Statements

Year ended: 31 March 2023

Hope Church Winchester

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1

Hope Church Winchester

Legal and administrative information

Status

The charity is a charitable company limited by guarantee and was incorporated on 29 January 2009.

The charity is governed by a Memorandum and Articles of Association. Under the Articles, all members of the charity must be approved by the elders of Hope Church Winchester. Trustees, who are also directors of the charitable company for the purposes of the Companies Act, can be appointed by ordinary resolution in a General meeting of the charity or by the existing trustees. No person may be appointed a trustee of the charity unless they satisfy the appointers that they subscribe and adhere to, in belief and lifestyle, the Statement of Beliefs contained in the Articles.

Trustees

Steve Chick lan Johnson Liz Leathem Clodia Mutamiri Peter Smith (Chairman) Henrik Steinbrecher Gary Wood (resigned 24 July 2022)

Address

Middle Brook Centre, Middle Brook Street, Winchester, Hampshire, SO23 8DQ

Secretary

Matthew Parker

Auditors

Knight Goodhead Limited, 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA

Bankers

National Westminster Bank plc, 105 High Street, Winchester, Hampshire, S023 9AH

Registered Company Number

06804892

Registered Charity Number

1128609

eee 2

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having a share capital)

Report of the Trustees for the year ended 31 March 2023

The Trustees present their report and the group financial statements of the charity and its subsidiary for the year ended 31 March 2023.

Objects

The objects of the charity are:

• @ to advance the Christian Faith in accordance with the Statement of Beliefs;

• @ to relieve sickness, distress or financial hardship and to promote and preserve good health by the provision of funds, goods and services of any kind, including the provision of counselling and support;

• @ to advance education, marriage and family life;

in such parts of the United Kingdom or the world as the Trustees see fit.

Organisational structure

The business of the church is managed by the Trustees who meet regularly to review strategy, policy and operational matters. The spiritual leadership of the Church rests with the team of Elders, of whom one is also a Trustee.

Review of activities

The Church continued to fulfil its charitable objectives during the year. In doing so, the Trustees have considered the Charity Commission’s guidance on public benefit and, in particular, specific guidance on charities for the advancement of religion.

Core activities

The Church’s regular Sunday meetings and all other activities grew and thrived in the first full year following the Covid pandemic. We are grateful to God for how this enabled us to engage with an increasing number and diversity of people.

Our Community Groups continued meeting throughout Winchester and the surrounding areas sustaining relationships and engagement within the Church beyond Sunday meetings. Our “Hope Care” ministry has also enabled us to support many in our wider community and has continued to develop as part of our core activity, working alongside other ministries looking to address material needs including those brought on by the current cost of living crisis.

The Church continues to support Christian mission both locally and overseas in conjunction with Commission as part of the New Frontiers family of churches with a particular focus on churches in India and the Iberian Peninsula. Additionally, we made financial gifts to support churches with humanitarian aid who were impacted by the war in Ukraine and the Turkey/Syria earthquake.

Public benefit

The Trustees have complied with section 4 of the 2011 Charities Act to give due regard to the public benefit. They have reviewed guidance set out by the Charity Commission and believe that the charity meets its obligations in this respect through the activities set out under the heading “Community Activity” below. The Trustees will continue to review the activities of the charity to ensure that these are consistent with the legal objects set out in its constitution.

3

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having a share capital)

Community activity

In the aftermath of the Covid pandemic we are grateful that our activities have been able to gradually resume and, as noted above, we have continued to focus on needs within the City with ongoing close relationships with other Churches and Charities working in Winchester. Throughout the year we have remained committed to the following:

• e Debt relief The Winchester Christians Against Poverty Debt Advice Centre is fully funded by the Church and operates from the Middle Brook Centre. This continues to be very successful helping many clients to become and live debt free.

• e The Cradle Our parents and babies’ group which is open to people from within the Church as well as our wider community.

• e The Ark Our parents and toddler group, which attracts a wide range of people largely from outside the Church.

• e Hope Street Café Our soup kitchen operates one night each week and continues to attract many disadvantaged and needy people living within the City.

• e All Nations Café We runa programme to welcome and connect with people who have moved to the City from other countries.

• e After School/Holiday Club We provide food and support specifically aimed at those families most impacted by the cost of living crisis.

• e Marriage support We seek to ensure couples receive help and support in their marriages.

• e Parenting support and training Our broad range of courses are designed to help people improve their parenting skills. This is open to people within the Church and the wider community.

• e Street Pastors We actively support the work of Winchester Street Pastors which is part of a national initiative providing care for people out in the City Centre late at night.

• e City Centre Chaplaincy We continue to support this listening ministry supporting people working in shops and offices in Winchester City Centre.

• e Basics Bank We continue to support the work of Winchester Basics Bank which provides emergency food and clothes to individuals and families in need.

• e Youth Work We run an active and fun programme open to young people from within the community.

• e Children’s Work We provide teaching and activities for children from within the Church as well as our wider community on Sundays and through Holiday Clubs.

• e Student Work We support the work of students in both the University and Winchester School of Art. Our planned programme for students enables them to connect with the Hope Church community.

4

HOPE CHURCH WINCHESTER (Company limited by guarantee and not having a share capital)

• ¢@ Work with the Elderly Older people within the Church and wider community are able to meet for friendship and worship.

• @ Pregnancy Crisis We support the work of the Winchester Pregnancy Crisis Centre which offers help and support to women and their families facing an unplanned pregnancy, or those needing support following a still birth, miscarriage or termination.

• e Facilities Hire Our facilities are available for hire and enable us to build good relationships with the business, public sector and charity communities in and around Winchester.

Membership

Our committed membership is about 340 adults and we attract significant number of visitors to our Sunday meetings. We join with the eldership team in giving thanks for the high level of commitment within the Church which is reflected in generous financial giving.

Middle Brook Centre

The MBC is well used by the Church and outside agencies mainly from the public sector. Activity significantly increased over the year as organisations returned to fully functioning status following the pandemic.

Personnel

During the year to 31 March 2023 the Church employed an average of 5 full and 18 part-time staff, a full time equivalent of 10 people. This is about the same as last year.

Finance

God has continued to bless the work of the Church financially and all our needs have been met. Overall net income for the year amounted to £25,696 (2022 £3,464). Total unrestricted funds at 31 March 2023 were £4,911,730 (2022 £4,887,734). Total restricted funds £1,700 (2022: fnil).

The Church’s wholly owned subsidiary, HCW Facilities Management Ltd manages and hires out the property owned by the Church. During the year, the subsidiary generated a profit of fnil (2022 profit of Enil) which included a donation to the parent charity of£nil[(2022:][fnil).]

Reserves

The Trustees regularly review the reserves of the church. This encompasses income and expenditure streams including matching variable income with fixed commitments taking account of the nature of reserves. Reviews also take into account the Trustees’ settled conviction that God will continue to supply the financial needs of the Church. The Church’s general fund increased from £179,833 to £200,168 during the year. The agreed policy is to maintain general reserves (excluding the designated Maintenance Fund) equivalent to at least two months’ operating costs and the Trustees are pleased to report that reserve levels are comfortably in excess of this requirement.

Risks

The Trustees routinely assess the major risks to which the Church is exposed, particularly those related to the operations and finance, and are satisfied that appropriate arrangements and systems are in place to control and mitigate exposure to major risks. We review annually and are satisfied that the Church’s arrangements for safeguarding children and vulnerable adults are effective.

5

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having a share capital)

Appreciation and outlook

We are grateful to God and His people for their provision in meeting the Church’s financial needs and for significant ongoing commitment to the life and service of the Church. We continue to believe that we are outworking the vision that God has put before us and we have every reason to view the future with confidence.

Responsibilities of the Trustees

Charity law and the Companies Acts require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue on that basis; and

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.

The Trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees’ Report, and the responsibility of the auditors in relation to the Trustees’ Report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

So far as each Trustee is aware, there is no relevant audit information of which the charity’s auditors are unaware, and each Trustee has taken all the steps that they ought to have taken as a Trustee to make themselves aware ofany relevant audit information and to establish that the charity’s auditors are aware of that information.

Auditors

Knight Goodhead Limited were re-appointed as the Charity’s auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 and the provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the Trustees on 28 November 2023 and signed on their behalf by:

scat Peter Smith (Chairman of the Trustees)

6

Independent auditors report to the members of Hope Church Winchester (Company limited by guarantee and not having a share capital)

Opinion

We have audited the financial statements of Hope Church Winchester (the company and the group) for the year ended 31 March 2023, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Consolidated Cashflow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable to the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• ¢ give a true and fair view of the state of the group’s and the charitable company's affairs as at 31 March 2023, and of its income and expenditure for the year then ended;

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Companies Act 2006.

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

7

Independent auditors report to the members of Hope Church Winchester

(Company limited by guarantee and not having a share capital)

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• e the information given in the trustees’ report (incorporating the strategic report and the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• e the trustees’ report (incorporating the strategic report and the directors’ report) have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• e the company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or

• e the company's financial statements are not in agreement with the accounting records and returns; or

• e certain disclosures of trustees’ remuneration specified by law are not made; or e we have not received all the information and explanations we require for our audit; or e the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and take advantage of the small companies exemption from the requirement to prepare a strategic report.

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

8

Independent auditors report to the members of Hope Church Winchester

(Company limited by guarantee and not having a share capital)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• e agreeing financial statement disclosures to underlying supporting documentation; e reading the minutes of meetings of those charged with governance; and e enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

9

Independent auditors report to the members of Hope Church Winchester (Company limited by guarantee and not having a share capital)

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

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CJ Goodhead FCA 26 Anvenker 2927

Senior Statutory Auditor Knight Goodhead Limited

Chartered Accountants and Statutory Auditors 7 Bournemouth Road, Chandler’s Ford, Eastleigh, Hampshire, S053 3DA

10

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

(Including Income and Expenditure account)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|funds|Total funds| |Notes|funds|funds|2023|2022| |INCOME|£|£|£|£| |Donations|and|legacies|4|628,119|28,847|656,966|596,922| |Charitable|activities|5|11,999|.|11,999|11,127| |HCW|Facilities|Management|Ltd|9|52,818|-|52,818|39,494| |Government|grants|:|:|x|4,524| |Investment|income|418|-|418|10| |Other|income|807|2,250|3,057|50| |TOTAL INCOME|694,161|31,097|725,258|652,127| |EXPENDITURE| |Charitable|activities|7|617,347|29,397|646,744|609,169| |HCW|Facilities|Management|Ltd|9|52,818|-|52,818|39,494| |TOTAL EXPENDITURE|670,165|29,397|699,562|648,663| |NET|INCOME|FOR|THE|YEAR| |BEFORE TRANSFERS|23,996|1,700|25,696|3,464| |TRANSFERS|BETWEEN|FUNDS|14,15|-|-|-|-| |NET INCOME FOR THE YEAR|23,996|1,700|25,696|3,464| |TOTAL FUND|BALANCES|BROUGHT FORWARD|14,15|4,887,734|-|4,887,734|4,884,270| |TOTAL FUND BALANCES CARRIED FORWARD|14,15|4,911,730|1,700|4,913,430|4,887,734|

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The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

a[al]

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

PRIOR YEAR CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(Including Income and Expenditure account)

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|funds| |Notes|funds|funds|2022| |INCOME|£|£|£| |Donations|and|legacies|4|560,595|36,327|596,922| |Charitable|activities|5|11,127|-|11.127| |HCW|Facilities|Management|Ltd|9|39,494|-|39,494| |Government grants|4,524|-|4,524| |Investment|income|10|-|10| |Other|income|50|-|-| |TOTAL INCOME|615,800|36,327|652,127| |EXPENDITURE| |Charitable|activities|7|572,842|36,327|609,169| |HCW|Facilities|Management|Ltd|9|39,494|-|39,494| |TOTAL EXPENDITURE|612,336|36,327|648,663| |NET|INCOME|FOR|THE|YEAR| |BEFORE TRANSFERS|3,464|-|3,464| |TRANSFERS|BETWEEN|FUNDS|14,15|-|-|-| |NET INCOME|FOR THE YEAR|3,464|-|3,464| |TOTAL FUND|BALANCES|BROUGHT FORWARD|14,15|4,884,270|-|4,884,270| |TOTAL FUND BALANCES|CARRIED|FORWARD|14,15|4,887,734|-|4,887,734|

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The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

12

HOPE CHURCH WINCHESTER

REGISTERED NUMBER : 06804892

(Company limited by guarantee and not having share capital)

CONSOLIDATED AND PARENT CHARITY BALANCE SHEET AT 31 MARCH 2023

		Group	Group	Charity	Charity
		2023	2022	2023	2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	10	4,610,414	4,623,748	4,610,414	4,623,748
Investments	11	-	-	1	1
CURRENT ASSETS
Debtors	12	53,016	22,037	113,994	35,743
Cash at bank and in hand		284,862	275,991	219,294	260,955
		337,878	298,028	333,288	296,698
CREDITORS: amounts falling
duewithin oneyear	13	(34,862)	(34,042)	(30,272)	(32,712)
NETCURRENTASSETS		303,016	263,986	303,016	263,986
NETASSETS		4,913,430	4,887,734	4,913,431	4,887,735
FUNDS
Unrestricted funds	15	4,911,730	4,887,734	4,911,731	4,887,735
Restricted funds	14	1,700	-	1,700	-
		i
TOTALFUNDS	16	4,913,430 4,887,734 4,913,431 4,887,735 C—O

The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the Trustees on 28 November 2023 and signed on’théir behalf by

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Trustee
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13

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having a share capital)

CONSOLIDATED CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

			2023	2023	2022
		Notes		£	£
	NETCASH FLOW PROVIDED BYOPERATINGACTIVITIES	a	21,928		60,272
	CASH FLOWS FROM INVESTING ACTIVITIES
	Interest received		418		10
	CASH FLOWS FROM FINANCING ACTIVITIES
	Sale procceeds offixed asset disposals		-		4,478
	Fixed asset additions		(13,475)		(11,445)
	NETCASH FLOW		8,871		53,315
	NET CASH FLOW FOR THE YEAR
	Change in cash and cash equivalents in the year		8,871		53,315
	Cash and cash equivalent at start ofthe year		275,991		222,676
	Cash and cash equivalents atthe end ofthe year	2	284,862		275,991
NOTESTOTHE CASHFLOWSTATEMENT FORTHE YEAR ENDED 31 MARCH				2023
1	NETCASH FLOW PROVIDED BYOPERATING ACTIVITIES		2023		2022
			£		£
	Net movement in funds fortheyear		25,696		3,464
	Interest received		(418)		(10)
	Depreciation		26,809		33,968
	(Profit) on disposal offixed assets		-		(4,478)
	Decrease in debtors		(30,979)		7,553
	Increase in creditors		820		19,775
	Net cash flowfrom operating activities		21,928		60,272
2	ANALYSISOF CASHANDCASH EQUIVALENTS		2023		2022
			£		£
	Cash at bank and in hand		284,862		275,991
			284,862		275,991

14

HOPE CHURCH WINCHESTER (Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES

(a) Accounting convention

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, and the Companies Act 2006.

The charitable company meets the definition of the public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The accounts have been prepared on the going concern basis. There are no material uncertainties about the chatitable company's ability to continue.

(b) Fund accounting

• Unrestricted funds are donations and other income received without further specified purposes and are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company.

• Designated funds are funds set aside by the trustees for specified purposes in furtherance of the general objectives of the charitable company.

• Restricted funds are to be used for specific purposes are laid down by the donor. Expenditure which meets these criteria is charged to the fund.

(c) Income

All income is included in the Statement of Financial Activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Donations and legacies are received by way of offerings and gifts and are included in full in the Statement of Financial Activities when receivable. The value of services by volunteers has not been included, but significant time is given by volunteers, particularly in undertaking management and administration work. Gifts pledged are not brought into the financial statements until they are actually received.

Investment income is included when receivable.

(d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT paid, which is irrecoverable.

15

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES (continued)

The policy of including items within the relevant activity categories of expenditure is to apply direct costs to the appropriate activity and indirect costs on the basis of trustees calculations. The cost of charitable activities represents the direct costs of running church activities as set out in the notes to the financial statements. The costs of fundraising trading include direct costs set out in the notes.

(e) Fixed assets

Fixed assets are capitalised for ongoing use within the charitable company, where the individual cost of the asset exceeds £500.

Depreciation is provided on fixed assets to spread the cost over the estimated useful lives of the relevant assets at the following rates:

Office equipment 20% straight line Furniture and fittings 20% straight line

Freehold land is not depreciated. Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining useful life by equal annual instalments. It is the charitable company's policy to maintain all buildings to such a standard that their estimated residual value is not less than their net book value at any given time, therefore, no depreciation is charged.

(f) Pension costs

Contributions in respect of the charitable company's defined contribution scheme are charged to the Statement of Financial Activities for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either other creditors or other debtors at the year end.

(g) Investments

Shares held in the charitable company's trading subsidiary are stated at cost.

(h) Leases

Rentals payable in respect of operating leases where substantially all benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

(i) Taxation

As a registered charity the charitable company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charitable company, and is therefore included in the relevant costs in the Statement of Financial Activities.

16

(Company limited by guarantee guarantee and not having share capital)

HOPE CHURCH WINCHESTER (Company limited by guarantee guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES (continued)

(i) Basic financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are then carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

2 LEGAL STATUS

The charitable company is a company limited by guarantee and has no share capital. The charitable company was incorporated on 29 January 2009 in England and was registered on 17 March 2009 with the Charity Commission in England and Wales.

The registered office of the charitable company is Middle Brook Centre, Middle Brook Street, Winchester, Hampshire, $023 8DQ.

HCW Facilities Management Ltd is a company limited by shares. The company was incorporated on 9 March 2010 in England. The registered office is Middle Brook Centre, Middle Brook Street, Winchester, Hampshire, S023 8DQ. The company is a 100% owned subsidiary of Hope Church Winchester.

3 WINDING UP OR DISSOLUTION

If upon winding up or dissolution of the charitable company there remains any assets, after satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charitable company.

4 DONATIONS AND LEGACIES

	Unrestricted	Restricted	2023	2022
	£	£	£	£
Gift aid donations	434,976	18,600	453,576	420,200
Tax recoverable	108,744	4,650	113,394	105,050
Other donations	84,399	5,597	89,996	71,672
	628,119	28,847	656,966	596,922

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5 CHARITABLE ACTIVITIES INCOME

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|2023|2022| |£|£|£|£| |Church|departments|8,715|-|8,715|8,551| |Events|and|sundry|income|3,284|-|3,284|2,576| |11,999|-|11,999|11,127| |6|STAFF|COSTS|2023|2022| |£|£| |Wages|and|salaries|319,970|314,682| |Social|security|costs|18,898|17,236| |Pension|17,890|16,983| |Consolidated|staff|costs|per group|356,758|348,901| |Less|amounts|recharged|to|connected|companies|(39,368)|(35,334)| |Total|staff costs|per|charity|317,390|313,567|

----- End of picture text -----

The average number of staff employed during the year was 23 (2022: 21). No employee received emoluments of £60,000 or more during this year or the prior year.

At the year end there were outstanding pension contributions payable of £532 (2022: £69). Total pension contributions of £35,182 (2022: £35,739) were paid by the charitable company and are included in the SOFA.

During the year key management personnel were paid a total of £177,168 (4 employees) (2022: £201,185 5 employees).

No remuneration was paid to trustees during the year except those detailed in note 19.

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HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

7	EXPENDITURE	Unrestricted	Restricted	2023	2022
		£	£	£	£
	Staffcosts	298,303	19,087	317,390	313,567
	Commission	9,996	-	9,996	9,996
	Travel and accomodation expenses	1,561	-	1,561	2,443
	Visitingspeakers	15,750	-	15,750	15,400
	Leadership training and frontier project	2,633	-	2,633	6,900
	Events	3,995	-	3,995	-
	Telephone	3,763	-	3,763	5,454
	Middle Brook Centre running costs	58,500	-	58,500	40,833
	Catering	24,735	550	25,285	11,856
	Church departments	24,464	1,260	25,724	12,220
	Books and CDs	3,053	:	3,053	2,038
	Bank charges	4,368	-	4,368	3,419
	Computerand website support	37,756	-	37,756	41,380
	Professional fees, laws and regulations	2,812	-	2,812	2,554
	Sundries	6,523	-	6,523	5,879
	Gifts and donations	62,902	8,500	71,402	77,455
	Depreciation	26,809	-	26,809	33,968
	Audit fee	4,380	.	4,380	3,990
	Equipment and venue hire	14,497	-	14,497	14,705
	Printing, postage and stationery	6,968	-	6,968	4,299
	Hospitality	1,072	-	1,072	1,180
	Marketing, advertising and publicity	867	-	867	1,987
	Miscellaneous expenses	-	-	-	-
	Repairs and renewals	1,640	.	1,640	2,124
	(Profit) on disposal	-	-	-	(4,478)
		617,347	29,397	646,744	609,169

Included within audit fees above are amounts due to the auditors in relation to the audit work of £3,440 (2022: £3,200) and £940 (2022: £790) in respect of accounts preparation work. In addition, included within HCW Facilities Management Ltd expenditure is £780 (2022: £630) due to the auditor in respect of accounts preparation work.

19

HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

8 ANALYSIS OF GRANTS

Gifts and donations made in the year totalled £71,321 of which £2,512 was made to individuals and £68,809 to institutions. Gifts over £1,000 per institution are as follows:

was made

to institutions. Gifts over £1,000 per institution are as follows:
	2023	2022
	£	£
Commission Apostolic Trust	37,000	38,970
Christians Against Poverty	7,200	7,200
Ukraine	-	22,500
Street Pastors	2,400	2,400
Winchester Pregnancy Crisis Centre	2,400	2,400
Compassion	8,500	-
Earthquake Turkey	10,000	-
Othersmall gifts to institutions	1,389	1,080
Total gifts to institutions	68,889	74,550
Gifts to individuals	2,513	2,905
Totalgifts	71,402	77,455

9 NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY

The group Statement of Financial Activities includes the results of the charitable company's wholly owned subsidiary, HCW Facilities Management Ltd, which deals with the hiring of church facilities to third parties. The subsidiary is incorporated in the United Kingdom and pays all of its profits to the charitable company by way of donation. The charitable company owns the entire share capital of 1 ordinary share of £1.

HCW Facilities Management Ltd prepares its accounts each year to 31 March for filing with the Registrar of Companies. Its company registration number is 07181799.

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HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

9 NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY (continued)

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |The|results|for|the|year|ended|31|March|2023|are|summarised|as|follows:| |2023|2022| |£|£| |Turnover|52,818|35,637| |Government|grants|-|Coronavirus|support|-|3,857| |Administration|expenses|(52,818)|(39,494)| |Net|profit|-|-| |Amounts|gifted|to|Hope|Church|Winchester|-|-| |Retained|in|subsidiary|:|-| |The|net|assets|of the|company|at|31|March|2023|were|£1|(2022:|£1).| |10|TANGIBLE|FIXED|ASSETS| |Freehold|Furniture| |Group|and|charity|Property|Equipment|and|fittings|Total| |£|£|£|£| |COST| |At|beginning|of year|4,557,568|40,043|571,429|5,169,040| |Additions|-|7,610|5,865|13,475| |Disposals|-|(20,215)|(20,215)| |At|end|of year|4,557,568|27,438|577,294|5,162,300| |DEPRECIATION| |At|beginning|of year|-|35,197|510,095|545,292| |Charge|for the|year|-|3,103|23,706|26,809| |Disposals|-|(20,215)|(20,215)| |At end|of year|-|18,085|533,801|551,886| |NET|BOOK|VALUE| |At end|of year|4,557,568|9,353|43,493|4,610,414| |At|beginning|of year|4,557,568|4,846|61,334|4,623,748|

----- End of picture text -----

21

(Company limited by guarantee and not having share capital)

HOPE CHURCH WINCHESTER

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

11 INVESTMENTS

	Total
	£
COST
At1April2022and31March2023	1

Hope Church Winchester holds 100% of the share capital of HCW Facilities Management Ltd, a company incorporated in England and Wales. The principal activity of HCW Facilities Management Ltd is the hiring of rooms in the charitable company's premises at the Middle Brook Centre.

12	DEBTORS	Group		Charity
		2023	2022	2023	2022
		£	£	£	£
	Income tax recoverable	17,045	11,483	17,045	11,483
	Prepayments	8,486	4,980	8,486	4,980
	Otherdebtors	17,746	550	17,746	550
	Hiring debtors	9,739	5,024	-	-
	Amounts duefrom HCW Facilities Management Ltd	- - 70,717 18,730 a I
		53,016 22,037 e6V{<C{[TsaeaoonmaR@jlw™€“Q@Q00—0OOQ0DO0Ooq—qqQqQuooe		113,994	35,743
13	CREDITORS:amountsfallingduewithinoneyear	Group		Charity
		2023	2022	2023	2022
		£	£	£	£
	Trade creditors	8,772	3,497	8,772	3,497
	Accruals and deferred income	26,090	30,545	21,500	29,215
		34,862 34,042 30,272 32,712 C—O

13 CREDITORS: amounts falling due within one year

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HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

14	RESTRICTED FUNDS	Funds				Funds
		b/fwd	Income	Expenditure	Transfers	c/fwd
		£	£	£	£	£
	Specified givingfund	-	8,500	(8,500)	-	-
	Make Lunch Club Grant	-	2,250	(550)	-	1,700
	Christians Against Poverty		19,087	(19,087)
	ACTS435	-	1,260	(1,260)	:	-
		-	31,097	(29,397)	-	1,700

Specified giving fund

The specified giving fund was established to receive gifts specifically for charitable purposes outside of Hope Church Winchester.

Make Lunch Club Grant

Hope Church Winchester received a grant from Winchester City Council's Cost of Living Grant 2022/23 for its Make Lunch Club to be applied towards the costs of feeding and supporting families through the cost of living crisis.

Christians Against Poverty

Donations are raised to cover the cost of the running expenses of the church in respect of Christians Against Poverty contribution

ACTS 435

A request is made to the aforementioned Charity where they forward funds in respect of the donation request from people who have needs

15	UNRESTRICTED FUNDS	Funds				Funds
		b/fwd	Income	Expenditure	Transfers	c/fwd
		£	£	£	£	£
	Maintenance fund	84,153	-	(13,005)	30,000	101,148
	Capital fund	4,623,748	-	(26,809)	13,475	4,610,414
	Total designated funds	4,707,901	-	(39,814)	43,475	4,711,562
	Generalfunds	179,833	694,161	(630,351)	(43,475)	200,168
		4,887,734	694,161	(670,165)	-	4,911,730

Maintenance fund

Annual amounts of £30,000 are transferred in to the maintenance fund from the general fund to provide reserves for major maintenance work that may be required at the Middle Brook Centre.

Capital fund

This fund matches the net book value of the tangible assets held by the church.

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HOPE CHURCH WINCHESTER

(Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

16 ANALYSIS OF NET ASSETS BETWEEN FUNDS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|2023| |As|at 31|March|2023|£|£|£| |Tangible|fixed|assets|4,610,414|-|4,610,414| |Debtors|53,016|53,016| |Bank|and|cash|283,162|1,700|284,862| |Creditors|(34,862)|(34,862)| |4,911,730|1,700|4,913,430| |Unrestricted|Restricted|2022| |As|at 31|March|2022|£|£|£| |Tangible fixed|assets|4,623,748|-|4,623,748| |Debtors|19,076|2,961|22,037| |Bank|and|cash|256,452|19,539|275,991| |Creditors|(11,542)|(22,500)|(34,042)| |4,887,734|-|4,887,734|

----- End of picture text -----

17 SHARE CAPITAL

The charitable company is incorporated under the Companies Act and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as might be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

18 PARENT CHARITABLE COMPANY

Below are summarised results for Hope Church Winchester, excluding the subsidiary company:

----- Start of picture text -----
|||||| |---|---|---|---|---| |2023|2022| |INCOME|£|£| |Donations|and|legacies|656,966|596,922| |Charitable|activities|11,999|11,127| |Government|grants|-|4,524| |Investment|income|418|10| |Other|income|3,057|50| |TOTAL INCOME|672,440|612,633| |EXPENDITURE| |Charitable|activities|646,744|609,169| |TOTAL|EXPENDITURE|646,744|609,169| |NET INCOME FOR THE YEAR|25,696|3,464|

----- End of picture text -----

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HOPE CHURCH WINCHESTER (Company limited by guarantee and not having share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

19 RELATED PARTY TRANSACTIONS

S Chick, trustee, was paid £53,155 (2022: £52,532) for his role as lead elder and received pension contributions of £3,189 (2022: £3,152). These payments are permitted by clause 5.3 of the Memorandum of Association.

Two relatives of trustees were paid £21,502 (2022: £44,299 to three relatives) as employees of the charitable company.

One trustees received reimbursement of expenses during the year in respect of travel, books, catering and subsistence amounting to £516 (2022: £246).

During the year, the charitable company received donations from HCW Facilities Management Ltd, a wholly owned subsidiary, of £nil (2022: £nil) and recharged expenses totalling £51,987 (2022: £38,657). At the year end, the charitable company was owed £70,717 by HCW Facilities Management Ltd (2022: £18,730).

The charity made donations to Winchester Pregancy Crisis Centre £2,400 (2022: £2,400) which S Chick and H Steinbrecher are trustees in both charities.

The charity made donations to Commission Apostolic Trust £6,000 (2022: £38,970) which G Wood was a trustee in both charities. G Wood resigned as a trustee from Hope Church Winchester on 24th July 2022.

20	RESTRICTED FUNDS - PRIORYEAR	Funds				Funds
		b/fwd	Income	Expenditure	Transfers	c/fwd
		£	£	£	£	£
	Specified givingfund	-	36,327	(36,327)	-	-
		- 36,327 (36,327) - - ===—alh.—a—=a=a=eEeeeeeeeeeeeeeeee
21	UNRESTRICTED FUNDS - PRIOR YEAR	Funds				Funds
		b/fwd	Income	Expenditure	Transfers	c/fwd
		£	£	£	£	£
	Maintenancefund	66,322	-		17,831	84,153
	Capitalfund	4,646,271	-	(33,968)	11,445	4,623,748
	Total designated funds	4,712,593	-	(33,968)	29,276	4,707,901
	General funds	171,677 615,800 (578,368) (29,276) eS OEY 2 NEO) 4,884,270 615,800 (612,336) - —Se——OOOoqle"aeaeaeaeaeeeeee				179,833 ODS 4,887,734

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