11,L. 2L* fiLKt) o Co. Pl￿)￿E.
Charity R&glstratlon No. 1129257
Company RgglstTatlon No. 06828228 (England and Wales)
HOPE CHURCH WORCESTER
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026

HOPE CHURCH WORCESTER
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteos
Mr D P Splers
Mr J Davidson
Mr G B Haiekon
Mrs R M BIDW
Mr P M Ettrfdge
MrJ P W Harper
IAptx)inled 27 January 20261
Secretary
Mr D P Spiers
Chiaf executivè
Mr R J Thomas
Charity number
1129257
Company number
06828228
Reglstered 0ffi¢o
The Granary
Sl ma￿n$ Quartar
Worcestei
WRI 2DA
Independent examlner
Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcgslershire
WR14 2JS
Bankers
HSBC Bank PLC
6 Broad Stm81
Worcester
WR12EJ

HOPE CHURCH WORCESTER
CONTENTS
Page
Trustees, report
ststemenl of Iruslees. responsibilities
Independent examiner's report
Statement of flnanc5al activllies
Balanc& sheet
9-10
Notes to the accounts

HOPE CHURCH WORCESTER
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Th& trustees present their roport and accounts for the year ended 28 February 2026. The report relBles to the
charftable company alone, il Is not part of a group.
The financial statements have b&&n pr&par8d in accordan￿ with the accounting policies sel out in note 1 to the
rinancial statemonls and comply with the ¢harllable companls memorandum and articles of assoclatlon, the
Companies Act 2008 and Accounting and Reporting by Charities.. Sta16mènl of Recomrnendbd Praclicg
appllcable to charities preparfng Ihelr accounts In accordan¢e wllh th8 Flnanclal Repo￿ng Standard applicablg in
the UK and Republic of Ireland IFRS 102) leffecliv& 1 January 2019)..
ObJectlv9s and actlvitie5
Tho charflable CO￿panIS objects are to advance Christian falth In accordance with the Statemgnl of Beliefs set
out wllhln tha A￿cleS of Assoclauon In such ways and in such parts ol the Unlled Kingdom or world as to ftjlfil
other charllable purposes that are connected with tha charitable work of the Church.
The pollcles adopted In ftrrtheranc& of these objects are the pnivlslon of public worshlp seryices wllh Chrlslian
leaching and pastoral support for all ages, community based actlvilies. cale church a¢tivilies, support to to those
wlth lifo controlllng Issugs, provision of transport, Inlernallonal support and olh8r support work lo those In need or
suffering. There has b¢en no Change in these durlng the year.
The trustees have pald due rogard lo guldance issued by the Charlly Commisslon in deciding that activities the
charft8bl8 compally should undartake, and ara satisfied that those descrfbed below provide publlc bgnèfit.
Structure. govgmance and managèment
The Charitable company Is a company limited by guarantee incorporated Sn England & Wales on 24 February
2009. The charitsble company Is govornod by Sls Memorandum & Artlcl8s ofAssoclaUon.
Th& trustees, who aro also th& dlroclors for the purp08e of company law, and who servod durlng the year and up
lo thg date of signaluro of the financial statements were..
Mr D P Spiors
Mr J Davldson
Mr G B Hazellon
Mr R J Thomas
Mr8 Fi M Blow
Mr P M Ell￿dge
MrJ P W Harper
(Resigned 1 March 2026}
(Appointed 27 J8nuary 20261
The trustoes are drawn from the Members of the charftable company.
None of the trustees hes any bgneficial interest In Ihg charilablg company. Ml of the tru8180S are rnembers of the
company and guaranlge lo contribute £1 in the event of a winding up whilst still a memb8r or within onp year of
ceasing lo be so.

HOPE CHURCH WORCESTER
TRUSTEES. REPORT (CONTINUED}{INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2026
The Iruslees are re8ponsible for the Tnanagemenl and administration of the Church's property and funds In
accordan¢& with the Memorandum and th8 Articles of Associa￿on. Day lo day management of acllvitlos Is
dfylfjgaled lo Richard Thomas who acts as chlef executive. Remunerallon Is set by the Board of Irusleas havlng
due rogard lo the activities undertaken and remuneration ofsimilar posts in tho ¢hurch community.
Upon appolnlm8nl approprlatè Iralning and guidance is glven as lo Éhe role and respon$lbllllie8 of a trust8& wIth5n
th& organlsation.
Meeting8 are requlred lo be held al least thr60 Imas a year at which the charftsble and financial aspects of the
organlsallon are consldered and 8clions to b8 taken detenmln8d as necessary. This indudes the settlng of
remunerauon for thos& &mpk)yad havlng due regard to leglslalive r&qulrernents and rates of remuneratlon pald
by similar organisallons.
Inlerosts In Iransathons by vlrtue of relaled p8rt1es are declared at meetings and reported In the notes to the
fi'nanolal slatsmenls.
The ackn'vities of tha Church are managed for th& charity by the fDllowlng staff:
Mr J Harper
Mr D Spiers
Mr R Thomas
Mr J Durke
MTS J Harper
Mr D Dowse
Mlss Carolyn Revlll
Mr Loe Boniface
Full Ilme churca) work8r
Part lim8 Admin
Full Ilme church worker and Chief Executive
Part time church worker
Part tlrna bulldlng manager
Part tim8 carèlakerlcleaner
Part Tlme chlldren's worker
Part lim8 Children and youlh worf(er.
Mr R Thomas Is sl8pplng down both as ¢h8lrman and dlre¢tor at the end of the 2025-28 year and retire8 as a
staff member April 2026.
With effectiv6 financial controls and a careful budget, we have managed to achieve good results. We achSeved a
small surplus over our deslrad rl88 In Incom8 and have met our charitable objeotives.

HOPE CHURCH WORCESTER
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Achlevements and porformance
Throughout the perlod wo hav8 provldgd publlc bBneflt through the followlng...
We havg again malnlalned financial support for a training school for communlly leaders trom Rwanda
and Uganda.
We have started lo produco somo videos helping churches lo fomi healthy ralatlonshlps with churches
of differing cultures.
We have once mora engaged U.K. churchos In the charitsblg link to Uganda resulting in further grfts
from oth9r charities towards m8dical ald.
We havo travelled to Uganda to helpload a Conferen￿ helping lo encourage and traln next 9eneration
laad6rs.
Wo have planned and run a conference for sgnlor loaders of church grouplng8 In east Atiica.
encouraglng best prdclic8 in communlly18adorship.
We havo Nn monthly Zoom M￿tingS for tha en¢ourag&ment of church leaders around the UK and
gathered leaders for 244our conferences using our building.
We have conlinuod to prDvlde public worship services by means of three congr8galons meeting in The
Granary, with Chrlsllan teachlng and pastoral support.
All three congregallons have again grown numerically.
Our communlty groups have ¢onllnugd lo prowde community Ix)nneclon and support, wllh a 50%
attendance ral8.
We have again run Din88 Groan youth group in the community centr8.
Support continuas lo those suffarlng from addidons of various kinds, mantsl health Issues, and
homelessness.
W8 have continued with long tam vc>lunleèr mentoring relationships wllhin tho Sunday evening
congregation, partlcularly for those wllh life controlling issues.
We have conllnued our partnership with The Good Soil Trust in providing support for s8veral long-lerm
unemployed lo attend work expadènco.
We have continued the review and action our hoallh and safety policy.
We havg continued lo train new volunteers in food hygiene and have planned further first aid traSnlng.
Wa have delivered safeguarding tralning to our volunteers and sent key leaders on more advanced
tralning.
Our bulldlng Is b@Ing usad by many communlly groups and acllvltl&8.
We hav8 run termly children's crart activity mornings for the comrllunity.
We have agaln partnored with th$ coun￿1 in running the severe weather emergoncy night shelter for the
homeless durlng the wlnter months, uslng our building.
We ran a camp 8pe¢lfically for tho88 from Simllar Social aollon projects as ourselves, faclng lif
controlllng dlffcullles. from around the U.K.
We hav6 provided support. coachlng and advice lo other churche8, partlcularly lo their leadership teams,
primarily in th& west Midlands, and south Wales, extending lo Derbyshire, Manchester, and Kent,
enabllng new congregallons to form both in Herefordshire and Derb shirè.
We havg partnered with thè followSng charltsblo groups to provide low￿0$1 event I Ir8inlng venues.
Alcohollcs Anonymou$
Aspeora Supportlng migrants wlth cultural issues.
CCP -- dedlcated lo prev3nllng the causes of homelessness.
Chlldron's Society provldlng speciallsl support th81 empowers young people to make posltN8
chang8s and redlsoover th8ir hope.
CCP {SWEP}- Prevonllng the causes and raduclng the &ffects of homalessness, famlly breakdown, and
excluslon sinca 1989.
Cranstoun, worklng wllh those 18+ struggling with alcohol or drug intske.
Dan¢gfost- crealng opportunilles for people In our community to tske part In d8nco cla8888 and, If they
want lo, perform.
Dlabetes UK
Emerglng Future$ - worklng with peopla affected by homelessness, drug and alcohol problems and
physlcal and mgnlal health nogds.
Everybody D4n¢e- a company aiming lo bring together able bodled and dlsabled through dance.
Hereford and Worcester Recovery and Wollbglng college
Maggs day centre
Worceslgr Communlty Gardens
W¢r¢gsl•r Mela - using dlfferent cultures, colours, and croativlty lo brfng unity In the cfty.
Yallow Scarf- support groups 1¢ help over¢ome challenges of Ssolation and dlsplacement

HOPE CHURCH WORCESTER
TRUSTEES, REPORT (COTrTfiNUED)(INCLUDING DIRECTORS, REPORT)
FQR THE YEAR ENDED 28 FEBRUARY2026
Plan* for tho futuro
The tharmable tr)rn￿ny proposes to conllnye the8e a¢ttvllles In the ¢omlng year and d￿elOP thom fvrther.
FlnanGlal rovlew
We have agaln fvnclKJned wo11 wlth effo￿ve financial ¢ontrol$ achlovlng good results. Continued prudent
budg&llng has enabled u8 to achleve our chafitable obled￿8 and maintain reasongble free reserv¢s #s dotalled
bg1¢)W.
Th8 nel expenditure for the year 1$ £111 (2025 - £9,343) of whlrh a surplus of £54,80612025 - £35,498) 1$ In
¢onnoction ￿th unrdstiiclod activlli98 gnd a dfyfldl of £54,917 P025- £44,841) In rela￿On to restrkted aetlvftO88.
Total re8erve$ at the reporting dale are £1,468,30412025- £1,488,415) of whith £845,733 {2025 - £900,850) 18
restrfeted. Full detslls of the rethcted fvnd8 can be founfl in the notes accompanylng th8 finand818t*ernent$.
Aft&r extradng thè endowed property and other llxed assets th18 leaves free ra88Ne8 of £191,795
(2025- £136.9891 availabla for unre¥lrtded advitles.
It Is the polty of tho tharftablo ¢ompany that unrostrltxad fvnd$ whldj havg not b¢on de81gngtgd for a 8Pg¢Sftc
Uso should bè mainlalned al a levèl equiv8lent to between three and Six rTrJnth's expendituts. Thg trusts¢s
¢onslder3 that rewves * th18 ￿Ve1 wll ensure that. in the event of a ¥ignificant drop in fundlng, Ih&y will be able
to conllnue the tjharflable fx)mpany'8 current aL#lvlUe8 whlle con8ldpratlon 18 glven to W￿5 In whl¢h addl￿onal
funds may bo rai$8d.
The tfusteès have asseued the major dsks to whlch thè thavltabie eompany Its sxp¢)8ad. and ore sa118fied that
systems ara In plac* to mlllgats oXPO8UJP to the major rf8ks.
Th18 report ha$ been prèpared In accordance with the pro￿810n8 applleable lo companles 8uhEect to the 8mall
)mpani08' regimo.
The ￿$tea8, reportwa8 approved bylhe Bowd ofTrustees.
MrDP8plè
Tru8teè
Dated.. 11 June 202
klr J P W Harpar
Trustee
Dated.. 11 June 2026

HOPE CHURCH WORCESTER
TRUSTEES. RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2026
The trustees, who are also the diroctors of Hope Church Worcester for the purpose of eompany law, ar8
rosponsibl$ for ptpparing the Trust6es' R8POrt And tho financlal sl816m8nls In acwrdance with applicable law and
Unlled Kingdom ACCOUn￿ng Standards Iunlled Klngdom GenerallyAcc8pled Accounting Pra¢tlcel.

HOPE CHURCH WORCESTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOPE CHURCH WORCESTER
I report lo Ihg trustees on my oxaminallon of the financlal statements of Hope Church Worcester (the charkable
company) for the year ended 28 February 2026.
Responsibllltles and basls of r8port
As the Iruslees of the charltable company land also its diffclors for tha purposes of company lawl, you are
responsible for the preparatlon of the flnancAal statements In 8¢cordance wllh th8 requirem9nts of the Companies
Act 2006.
Having satisflod mysatf that the financlal slat8ments of the cha￿table COJb7pany ar8 not r9quI￿d lo be audlled undgr
Part 16 of the Componles Act 2008 and aro oligiblo lor Independent èxaninallon. I report In respect ol my
examlnation of the charitable company's ffnancial st8tem&nls ¢arYied out under section 145 of the Charities Acl
2011. In carrylng out my examinafjon I have followed the Dlr6ctions given by the Charlty Commission under section
14515)Ibl of the Charlties AGI 2011.
Independent examlner's statement
sin￿ tha charllablg company's gross Incomo exceeded £250.000, the Independent examlner musl b8 a m&mb&r of
a body listed Irh section 145 of th8 Charitlos Act 2011. 1 confirm that l am quallflgd to undertake the examlnallon
because l am a member of ICAEW, which is one of the listed bodles.
I have completad my examlnalion. I confirm that no matters have come lo my attentSon in connection with I
examlnatlon givlng me cause lo bsllgve that In any materlal rospecl=
accounllng reo)rd8 were not kept In respect of the charftable company as ￿qUIred by se¢don 386 of the
Comp8nigsAct 2006.
the financlal ststemenls do not aw)rd wllh tho88 records., or
the financlal statoments dr> not comply wllh the a¢counllng requirements of secdon 396 of the Companles Act
2006 olhor than any requirement that th¢ financial stslemen18 give a true and lair vffigw, whiGh is not a matter
consldered as part of 8n independent examlnalion,. or
the financial statements have not been prepared in accordance with the methods and principl&s of the
ststemenl of Recommended Practice for accounting and rgPQrting by charllies applicabl8 lo charities
preparlng thelr financlal slalements In a¢cordan¢e wlth the Flnanclal RetKirting Standard appllcable in the UK
and
epubliG of Ireland (FRS 102>.
oncems and have comg across no other mallers In conngcllon with the examination to whlch attention
raw
In this report in order to enab16 a proper understandlng of th8 Ilnancial stst8m@nts to be reached.
ould
Needham
Kgndallwadloy LLP
A CTA IVATI
Gr8nla Lodg8
71 Graham Road
Malvem
Worcasler8hlre
WR14 2JS
Dated= 11 June 2026

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HOPE CHURCH WORCESTER
BALANCE SHEET
ASAT28 FEBRUARY2026
2026
2025
Notes
Fixed a$sots
Tanglble assets
14
1,853,481
1,687,110
Current assets
Debtors
Cash at bank and In hand
1S
24,324
95,501
21,951
74.545
119.825
96,496
CraditOTS: amounts falllng due wlthln
one year
17
114,793}
{16,0891
Nel current assets
105,032
80,407
Total assets less curr8nt Ilabilities
1,758,513
1,767,517
Credltors: amounts falllng dug after
more than ono yoar
18
1290.2091
{299,1021
N9t assets
1,468.304
1,468,415
Capltal funds
Endowment funds
Income funds
Resldcted funds
Unreslricled funds
20
430,776
430,776
21
845,733
191,795
900,650
136,989
1,468,304
1,468,415

HOPE CHURCH WORCESTER
BALANCE SHEET (CONTINUED)
ASAT28 FEBRUARY2026
Thé ¢ha￿table company 18 eniltled to tho exempllon fr¢)m the audh requlrement ¢ontsined In section 477 of the
Compani6sAct 2006. for tha year ondfjd 28 February 2026. No membw of the cJ)arftable oompany h88 dep081ted
notlce, pursuant lo section 478, r•qulrfng an audit of these atcounts.
The dlroctors acknowled98 thelr re8ixjn8i￿￿rle8 for ensuring that th& charftable company keep8 accounting records
vthlch comply wlh 8edi&n 388 of the Act and for proparing accounts whlch glve a true and fair wow of th6 slal8 of
affalrs of the ¢harftabl8 Lximpany ag at the ond of the financlal year arKI of its In￿mIng ro$ource8 and 8ppll¢atlon of
resource8, Indudlng its Incomè and 8xpendlture. lor the finaDdal ygor In accordancè ￿th the r¢quirements of
8edlon$ 394 and 395 and whth Othe￿Se cgmply ￿th tho requlTOmonts of th& Companles A￿ 2006 relating to
artoun18, x) far 88 applICab￿ lo tha charftable company.
Tho members havg not reqUi￿d the company to obtsin an aurfit of Its finandal sfatgm9nts forthe ￿r In que$llon
Ih acrnrdance se¢Uon 476.
These financial statamenls havo bgon prppared In aC￿rdanc¥ with th& provtslon8 app￿Cable to compan10$ Subject
to the 8m811 ¢omp8nle8 reglmè.
Tho flnanclal staten18T￿ wew opproved by the board of direGtors and aulhorised for16sue on 11 Jung 2028 and are
sign
118 behalf by:
Mr D P Spierg
Truste0
rJPWHaryJer
company Rag18tra￿On No. 06828228
10-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY2026
Accountlng policlg$
Company informatlon
Hope Church Wor¢est6r Is 8 charitable company limltad by guarantee incorporated in England and Wales.
The registered Offl￿ Is The Granary, St mar￿n$ Quarter, Worcesler, WR1 2DA.
1.1 Ac¢ountlng convBntlon
The financial slalefnenls have been prepared In accordance with tho charitable company's govgrning
document, the Cotnpanles Act 2006, FRS 102 'Tha Financial R8porllng Standard applicable in tha UK and
Republlc of Ireland I"FRS 102") and the Charities SORP "Accounllng and Reportlng by Charilles.. Slalemenl
of Recommgnded Pracuce applicable to charities preparing their accounts in accordance wth the Flnancial
Reportlng Standard applicable In the UK and Rapub5ic of Ireland IFRS 1021. leffacllve 1 January 20191. The
charitable c4)mpany is 8 Public Benefit Entity as defined by FRS 102.
Th8 Gharitsble company has takgn advantage of the provlslons In SORP for charities not lo prepare a
Stalgmenl of Cash Flows.
The financial slalements have departed from the Chariligs (Accounts and Reports) Regulations 2008 only to
the exlenl requlred lo provlde a true and faSr vlow. Thls departure has Involved followlng tha Statement of
Recommended Practice for charlli8s applying FRS 102 rather than the version of the Siat8mènt of
Recommended Practic& which 18 referrgd to Sn Ihg Regulations bul which has 81nce been wthdrawn.
The linancial statements are prepared in slerfing, which Is the funcllonal curroncy of the charitable company.
Monetary amounts In th6s8 ff nanclal statements are rounded lo th8 noaresl £.
The flnandal statements have been prepared under thg historical cost convention. Th6 prlndpal acctsuntlng
pollcles adopted are sel out below.
1.2 Golng ¢oncem
Al th& lime of approvlng the f5nancial slalements, the trustees hava a ￿asOnable expectstlon that th8
charitable company has adequate resources ID continue in operallonal exlstence for the foresgoable future.
Thus the trustees continu8 to adopt tho going concern basis of accounllng In preparing th8 financial
slal8ments.
1.3 Charitable fund8
Unreslrfcled funds are 8vallable for use at th6 dlscr8llon of the trustees In fvrtherance of Ihèir charStable
obleclives.
Restricted IL4nds ara subject to specific condi1Sons by donors or grantors as lo how they may be used. The
purposes and uses of tha raslricted funds are sel out Sn the notes to the financial statements.
Endowment funds represent the building gifted to the chartty by the Baptlsl Unioin, the capltal musl be
maintalned by the charftsble cornpany.
1.4 Incomlng resouw¢s
Income Is recognisod when the Char￿ble company18 legally ￿n￿tled lo tt afler any parformance Gondllon8
have been mel, the amounts can be measured rellably, and11 is probable that Income wlll be received.
Cash donallon8 are recognlsed on reGelpl. Other donatlons 8re recognls8d on¢0 tho ¢harltabl8 company has
been notified of the donauon, unless performan￿ conditions requlre deferral of tho amount. Income tax
recovorablg in relation lo donations recoived under GIft￿d or deeds of covenant is recognised at tha Ilme of
the donation.
No valuo Is athffbuted lo servlces provided by volunteers wllh5n these financial ststem8nt8 as such setvlcgs
cannot be'sold. and the use of falr value would ov8rslal8 the value of donallons lo the charlty.

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Accountlng pollcles
Icontlnuèdl
Debtors represent amounlB owed lo thè charfly for gtft ald or amounts paid in advancg for semcgs to be
r&¢olv￿, meagured at the recoverable amount.
1.5 Resour¢¢$ expended
Expenditure is recognised once there Is a legal or constructive obligation trj transfer g¢onomic benoflt to a
third party. il Is probable that a transfer of economlo benefits wlll be requlred in setU&rnont, and the amount of
the obllgauon can be m&asured rellably.
Expenditure is classifigd by activity. The costs of each activity are made up of the total of dir&ct costs and
shared costs, Including support costs Involvod In und&rtaklng each actiwty. Direct costs attributable ID a single
activity are allocal8d directly lo that activity. Shared costs which contribute lo more than one actSvlly and
support Costs whlch are not attributable lo a slnglg actlvlty are apportloned bghveon thoso actlvllles on a basis
consistent ￿th the use of resources. Central staff costs are allocated on thg basls of ttmo spent, and
depreciation charges are allocated on the portion of the asset's use.
Expendllure Is r8eL)gnls8d on an accruals basls as a118blllty Is Incurred. Expenditure Indudes any VAT whlch
cannot b8 recoverad.
Charitable expenditure comprlses those cos15 Incutted by the charity in the delivery of its activities and
8èNices for ils beneficlaries. It Includes both costs that cari be allocated dlreclly lo such activilias and those
costs of an Indirect natur8 necassary lo support them.
Creditors repr95ent the arnounl the charity aTrticipales il will pay to selue a dgbt or a provlsion for goods and
services it has received not yel invoiced, measured at settlement amount.
1.6 TangTble fixed assets
Tangible fixed assets are initially measured al cost and subsequenlly measured al cost or valuation. net of
depreciation and any impalmet)t10s88s.
Depreciation 18 recognisèd so as to wrfts off th8 cost or valuatlon of assets less their residual v8luos over Ihelr
lJ8èful Ilves on tha followlng bases:
Freehold land and buildings
Flxlures and flttlngs
Refurbishrnenl project
2'A straight lina
25.kn slralghl Ilne
None until completed
The galn or loss arislng on the dlspDsal of an assèt Is determined as tha differen¢g be￿&en the sale
proceeds and the carrying valug of the asset, and Is recognised In the statement of financlal aetlvttles.
1.7 Impalmiont of flxgd assots
At each reporNng end dale, the charitable company reviews the Carr￿ng amounts of Its tangible ass6ts 10
delermln8 whether there Is any Indlcallon that those as89ts have suff&red an irnpaimient loss. If any such
Indlcalloll 8xlst8, th8 r8coverabl8 amount of th8 ass81 Is 8sllmal8d In order to dalemilng the extent of th&
impairment loss Irf any).
12-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Accountlng pollcl8s
Icontlnuedl
Racoverabl& amount Is tha hlgher of falr value less cosls lo s811 and valu@ In use. In essesslng value In use,
the estimated future Cash flows are discounted lo Ihelr present value uslng a pre-tax discount rale that reflects
current market assessments of the limè value of money and the risks speofic lo the asset for which the
esllrnales of future cash flows have not been adjusted.
If the rocoverable amount of an asso1 Is 9s￿mated lo beloss than ￿S canyng amount, Ihg ￿rryIng amount of
the asso1 is reduced lo 119 rewv@rable amount. An Impaim)enl loss 1$ re¢ognised Immedlalely In incomel
lexponditure for the yoar, unl8ss the rel8vanl assgt Is carrled al a rovalued amount, in which case the
Impairment loss Is trealod as a rovaluatlon decraa88.
Recognised Impairment losses are reversed If, and only if, the rea8tsn8 for the Impairment loss have coas8d
ID apply. Where an irnpalrmgnt loss subs?quendy revers?$. the carying amount ol the asset is incrèased lo
the revised estimate of ils recoverable amount, but so that the increased carrying amount does not exceod
the carrying amount that WOLJld have been determined had no irnpalrment loss been recognised for the ass81
in prior years. A reversal of an impalrmenl loss is recognSs8d immedi8lely, unless the relevant asset is carried
In al a revaluad amounL in which case tho revorsal of the In)pairmfjnl loss Is Irgaled as a r8valualion
in¢reasg.
1.8 Cash and cash equlvalents
Cash and cash equival$nls include cash in hand, deposlts held at call wth banks, and olhor short-leTrn liquid
Invagtments with original matur￿18$ of thrao months or less.
1.9 Flnancial instrumants
The charitable company has elected lo apply the provlsions of Sectlon 11 'BasiG Financial Instruments, and
Secllon 12'01her Financlal Instruments Issues, of FRS 102 to all of Its financial instruM8nts.
financlal instruments are recognisecl In the charilablo Gompany's balanGe sheet when the charitable Co￿panY
becomes party lo tha conlraclual prowsions of the instrum&nl.
Flnandal assets and Ilabillknes are offset, wlth the nat amounts presented In the flnanclal slalements. when
there Is a legally enforcèabl& right lo $91 off the r8¢ognis&d amounts and ther8 Is an inlenllon to $8tt1o on a
nel basls or to re81186 the assal and sew& the Ilabillly simultsneously.
Basic flnanclal asset$
Basic financlal assets, whlch include other receivabl88 and cash and bank balances, ar& inllally measurgd at
transactlon prlce Includlng Iransactton costs and are subsequ&ntly carried al amortised cost uslng the
effective interest method unless the arrangement wnstilutes a financing transaction, where the transaction 18
measured al the present value of the future receipts discounted al a market rate of interest.
Baslc Ilnanclal Ilabllltlos
Baslc flnancial Ilablliles, includlng other payables. are Inilialty recogntsed 81 transacllon prfce unle88 th0
arrangement constitutes a financing Irans8¢lion. where the debt instrument is measured al the present valua
of the futurg receipt8 dlscounted at a rnarkel rate of Interest. Accounts payable are classifi'gd as current
Ilabllllles If paym6nt 18 dua wllhln one year or less. If not, they are pre8enled as non-current Ilabililles.
Amounts payabl& are recognised initially al transaction price and 8ubsequenlly measured at amortlS8d cost
uslng the effectlve Interest method.
D$re￿￿nI￿on of flnanclal Ilabllltles
Finanda5 liabilkles are derecognlsed when the charllable companls contractual obllgallons expiro or are
dischargod or cancelled.
13-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
Accountlng poll¢l6$
{Conttnued}
1.10 Employee benofits
The cost of any unused hollday entluemont Is recognlsed In the perfod In whlch the employee's serVI￿S are
received.
Termin8tion benefits are recognised immedlalely as an expense when the charitable company Is
demonstrably comm1119d to IBrminat8 th8 employment of an &mploy88 or lo provlde termination benefits.
1.11 Rètlrgment bgnefits
Payments lo deffned ￿ntrIbUtIOn redremenl benefll schemos are charged as an expense as they fall due.
Crlti¢al accounting eslimate5 and judggments
In the appllcalion of the charftable company's acwunllng poll¢los, the trustees are requlred lo make
judgements, estimates and assumptions about the Carrying amount of ass81s and liabilities that are not readlly
apparent from other sourcgs. The oslimates and 8ssoclatod assumptlons ar9 based on hlslorlcal experlance
and other factors that are considered lo be relevant. Actual results May dlffer from these èstimates.
The eslimales and undeTr1ylng assump15ons are reviewed on an ongolng baslg. Revisions to accounllng
eslimales are recognlsad in the pgriod in which the estimalo is revlsed where the revislon affects onty that
period, or in the period of the revision and futur6 periods where tho revislon affects both current and futur8
periods.
Income from donatlon8 and legacle8
Unrgstrlctod Rostrlcted
funds
funds
2026
2026
Total Unrestrlcted Restrlctad
funds
funds
2025
2025
Totsl
2026
2025
Donations and gifts
272,389
90,193
362,582
234,657
89,682
324,339
In¢ome from ¢haritable a¢tivltles
Unrestrlcted Unrostrlctgd
funds
funds
2026
2025
Room hlr6
38,656
35,892
Income from Investments
Unrestrfcted Unrestrlcted
funds
funds
2026
202S
Interasl rgcglvable
989
769
t4-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
Chatltablo actlvltles
2026
2025
Staff costs
Depreclatlon and Impalrment
Communications
Events
Glfts
Insurances
Promisgs
Bulldlng Fund
Regional expenditure
Sundry
Suppl1&8 for charllable activili6s
Travel and conferences
198,022
37,673
4.435
75.402
5,059
6.806
24,968
176.201
38,116
3,241
61,729
11,131
5,216
19,639
8.710
2.693
1.012
14,696
4,069
5.208
10,422
2,261
Share of support costs (see note 71
Share of governance costs Iseg note 71
38
3,150
76
3,000
378.023
344,950
Analygls by fund
Unreslricled funds
Rostrcted funds
266,087
111,936
378,023
For the year ended 28 February 2025
Unreslricl8d funds
Rastrictad funds
241,170
103,780
344,950
Support ¢o$ts allocatsd to actlvitles
2026
2025
Bank charges
Governancè costs
38
3,150
76
3.000
3,188
3.076
Analy8ed batwoen:
Charitable activities
3,188
3,076
15

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Support cost$ allocated to actlvltlg5
{Contlnued)
2026
2025
Gov&rnance ¢osts ¢omprlso:
Ac¢ounlan¢y
3,150
3,000
3,150
3,000
Govemance costs include paymonts lo the Independent examiners of £3.150 (2025- £3,000) for accountancy
fg9s.
Net movgmgnt In funds
2026
2025
The nel movement in funds Is slalod after ch8rgingllcrediling}'.
Deprociation of owned tangiblè fix8d assèts
37,673
38,116
Trustse8
Thr88 of the trustees lor any per8ans connected with them} received remuneration during the year, being
remuneration for the perfonllance of Ihelr pastoral and adminislrallve duties wllhin the church. Tha arnounls
pald including pension contrbutions for R Thomas, D Spiers and J Harpar were £61,761 12025 £61,761),
£19,752 (2025 - £19,752) and £8,36312025 - £0) respeclivgly. They wara also relmbursed travel expensos of
£6,35512025- £9,799), for R Thomas, £O12025- £1721 for D Spiers and £1,15412025 - £0) for J Harper.
One of the Trustees was repald a furth6r £2,000 of th6 interest free loan of £10,000 he had made towards the
bullding work, leaving a balanca du8 of £2,00012025- £4,000).
16-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
10 Employoes
Number of&mploy&es
Tho average monthly number of employees durlng the y8ar was..
2026
Number
2025
Numbor
Elder8hip
Admlnistrauon and support
2.00
2.00
3.00
7.00
5.00
Employmgnt costs
2028
2025
Wages and salarles
Soclal $8curily costs
Other pension costs
171,819
9,662
16,541
150,380
9,578
16,243
198,022
176,201
The numbor of gmploy99s whoso annual remuneration was £60,000 or mor8
were..
2026
Number
2025
Numbor
£60,000 - £70,000
Contdbullons tolalllng £13,885 12025 £14,284) were mada lo defined oonlrlbulion pension schem8s on
behalf of ihg above r8muneraled trustees.
11 0th8r
Unrestrlcted Restrlctod
funds
funds
Totsl Unreslrfcted
bjnds
Reslrfcted
funds
Total
2026
2026
2026
2025
2025
2025
Flnanclng ￿81S
807
23.508
24.315
953
24,440
25,393
807
23,508
24,315
953
24,440
25,393
12 Taxatlon
The charity Is exempl from taXa￿tsn on tts advlti8s b@¢ause all its income is applied for charitable purwses.
17-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
13 Transfers
Transfers were made botween unrestricted funds and re8trfct6d funds as shown In th8 reslrtcled fund note.
14 Tanglblo fixed assots
Freehold tand Flxtiira8 and
and bulldlngs
Ilttlngs
Total
Cost
Al 1 March 2025
Addllions
1,714,556
26,478
4,044
1,741,034
4,044
At 28 February 2026
1,714,556
30,522
1.745,078
D&pro¢iatlon and Impairmanl
At 1 March 2025
Oepreclation ch&rg8d In the yaar
34,291
34,291
19.633
3,382
53,924
37.673
At 28 February 2026
68,582
23.015
91,597
Carrylng amount
At 28 F8biuary 2026
1.645,974
7,507
1.653,481
Al 28 February 2025
1,680,265
6,845
1,687,110
15 Debtors
2026
2025
Amounts falllng due wlthln one y•ar:
Trade debtors
Other dablors
Prepayments and accrued income
440
8,526
12,985
13,093
11,231
24,324
21,951
18-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 28 FEBRUARY2026
16 Loans and overdrafts
2026
2025
Bank loan8
298,970
308,191
Payable wllhin one year
Payablg aftor one year
8,781
290,209
9,089
299,102
Amounts included above whlch fall due after five years:
Payable by Snslalments
252,999
257,924
The long-lerm loans cornpri88 a mortgage for Ihe refurblshment of the prop&ty and a Bounce Back loan of
£50.000 plus In18rgsl received through Coronovlrus fundlng guarantsed by th6 Govarnmenl.
The remainlng lemi of th& mortgage as at 28 February 2026 is 24 years 4 months and th6 Interest rate Is
8.600h.
The Sounca Back loan was for a poriod of 10 years from October 2020 and carries Intarest al 2.5 /0 per
annum.
17 Cradltors: amounts falling due within one year
2026
2025
Notes
Bank loans
Other credllors
Accruals and deferred incorne
16
8,761
2.000
4,032
9,089
4,000
3,000
14.793
16,089
18 Creditors.. amounts falllng due after more than one year
2026
2025
Note$
Bank loans
16
290,209
299,102
19 Retlrement beneflt Schemes
2028
202S
Deflned contrlbutlon schemos
Charge lo pmfil or1085 In respect of defflned wntrlbutEon scheme8
16,541
16,243
The charitabl8 company operates a deffned contribution pension SGheme for all qualrfylng employees. The
assets of the schema are held separately from thoso of the charltsble company In an Ind8pend8ntly
administsr8d fund.
19-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEJblENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
20 Endowment funds
Endowment funds repr&sonl ass6ls which must be hèld permanentty by the charllablg Company. Income
arising on the endowment funds can be used in accordance with the objects of th6 charitable company and is
Includgd as unr¢slrl¢led Income. Any capital gains or losses arising on assets form part of the fund.
At 1 March
At28
2025Fgbruary 2026
Permangnt endowmonts
430,776
430,776
Prevlous year:
At 1 March
At28
2024Fabruary 2025
Permanent endowments
430,776
430,776
Durlng 2017 the Bap115t Union acqulred premlses In Worcester lo be convettsd Into Use as a Church by the
Hope Church Community. These promlses have been ondowod lo the charlly for Ihls purpose and a
refurbishment prolect has commencgd.
21 Restrl¢ted funds
The reslrlcted funds of the charfty comptl89 the unexp&ndad balancos of donallons and grants held on trust
subject lo specific conditions by donors as to how they may be used.
At 1 March
2025
In¢omlng
rosources
Resources
Bxpended
Tran$fer$
At28
February 2026
Building Fund
EnGounlerTogelher (fofmedy
Hope Project)
Exportlng Hopo
Dines Green
856,018
157.7991
(3)
798,216
26,123
1S,000
3,509
31,055
49,907
9,231
128,4871
146,4651
12,6931
{9,663)
19,028
18,442
10.047
900,650
90,193
1135,4441
(9,666)
845,733
-20-

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FFBRUARY2026
21 RoStrl¢tod funds
Icontlnuedl
Prevlous yeay:
At 1 March
2024
In¢omlng
rosourcas
Resources
8xp•nded
Transfèrs
At28
February 2025
Bulldlng Fund
Encounter Tog6lhgr {formerly
Hope Prolectl
Exportlng Hop6
Dlnes Gregn
919,536
4,780
167.4401
1858)
856,018
9,430
10,516
6,009
37.259
47,843
119,1361
141.6441
(1,430)
{1,515}
12,5001
26,123
15,000
3,509
945,491
89,682
1128,2201
16,303}
900,650
Bulldlng Fund- donations given wllh the intent of sgrviclng a loan.
Encounter Tog8thgr (formerfy Hope Proleotl - donations re¢gived lo help people wlth life controlling Issugs.
Exportlng Hope- donations givon to Hopo Church lo bo usad 8s intemational donations.
In 2019, tha Reglonal Fund and the Richard Travel Fund were combSned with the Exporting Hope Fund.
The Dlnes Green fund Is a fund used for running a congregatlon and servlng Ihe community of Dines Greon.
22 Unr8strl¢tad funds
The unre8tricl&d funds of the cttarlty comprfs8 the unexpondod balances of donallons and grants whlch ar8
not subject to spethfic conditions by donors and grantors as to how they may be used. These include
dgsignalod funds which have been set asid& out of unrestricted funds by the trustees for S￿Gir1C purposes.
At 1 March
2025
Incomlng Resou￿9$
resources
èxpended
Transfers
At28
February 2026
General funds
136.989
312,034
1266,8941
9,666
191,795
Prevlou$ year:
At l March
2024
Incomlng Resourc0$
resourcos
expendod
Transfers
At28
February 2025
General funds
101,491
271,318
1242,1231
6,303
136,989
21

HOPE CHURCH WORCESTER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
23 Analysls of net assot$ between funds
Unrèstrlcted
funds
2026
Re6trfcted Endowmgnt
fun(fs
funds
2026
2026
Total
2026
At 28 February 2026:
Tangible assèts
Current asselsl(liabilities}
Long term Ilabilllles
39.810
151.985
1,182,895
146,9531
1290.2091
430.776
1,653,481
105,032
1290,2091
191.795
845,733
430.776
1,468.304
Unrestricted
nds
2025
Restricted Endowm8nl
funds
funds
2025
2025
Total
2025
At 28 February 2025..
Tanglble assets
Current assetsl(liabilities)
Long torm Ilablllties
39,148
97,841
1,217,186
117,4341
1299.1021
430.776
1.687,110
80,407
{299,1021
136,989
900,650
430.776
1.468,415
24 Related party transa¢tlons
No guaranteès hov& been given or received.
G Hazellon has an interest In th8 Insurance provlded for th8 Charitable company. The insurance Is provlded
through the insuTanc8 broksrs Hazelton & Mounlford where Mr Hazglton is the managing director. The
insuran¢9 provlded is at a COTllpelllive rate and was procured through another member of the company on an
"al arrns length. basis. The amount Incurred was £7.04212025 - £6,703).
22-