HOPE CHURCH LUTON TRUST
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDING 31ST MARCH 2025
Company number: 07131310 Charity number: 1133954
HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
Contents
Page number
| 1 – 6 | Trustees’ Annual Report |
|---|---|
| 7 | Independent Examiner’s Report |
| 8 | Statement of Financial Activities |
| 9 | Balance Sheet |
| 10 – 13 | Notes to the Financial Statements |
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
The Trustees present their annual report and the financial statements of the church for the period ended 31st March 2025.
AIMS AND OBJECTIVES
The church’s purposes, as more fully set out in its Memorandum of Association, are:
-to advance the Christian faith
- -to provide relief for those in conditions of need, or hardship, or who are aged or sick,
-to advance education
-to provide, or assist in providing, facilities in the interests of social welfare for individuals who have need of such facilities by reason of youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
REVIEW OF ACTIVITIES
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning future activities.
The Church operates in association with the Catalyst Sphere of Newfrontiers. All are welcome to attend our Sunday services when activities and groups are provided for children and youth, with a crèche for babies.
Major Developments April 2024 to March 2025
-
Our church meetings and attendance have been relatively steady since the transition to Jonathan as Senior Leader in January 2024. We have also seen stability in terms of our financial giving into the church, and also with the Leadership team and staff team.
-
Open House continues to run successfully and regularly hosts 40-50 clients at each session. There has been a successful transition to Dani as Open House manager and she has built very strong relationships with a large number of vulnerable clients. Dani is reviewing how she might wish to further develop the project. Currently we have funding until July 2025 with grant applications made.
-
Edible High Town (EHT) is our focussed work in the community run in conjunction with the council. It is fully funded through grants for at least 12 months. Konni the EHT manager has excellent relationships with the staffing team at Hope Church and we have a detailed review on a quarterly basis. Last year EHT increased their portfolio to 9 community gardening spaces, with a total of 68 activities and 405 hours of volunteer time.
-
We continue to host a missionary from Brazil through Interserve, Filipe. Filipe works with several organisations across Luton including City of Sanctuary, All Saints Church, and Hope Church. At Hope Church he has seen great success with Trauma Support Groups, Alpha Courses, a drop-in centre called Global Café, and a number of day-trips. We also continue with our English lessons three times per week. In total we regularly host and serve 50-60 refugees in our church building each week.
-
During 2024 we experienced several changes at our physical location in Villa Road. Firstly, the demolition of the Lansdowne Club has taken place, in preparation for building 3 blocks of flats over the coming year. In addition, the 2 adjoining buildings (St Ninians church and The Leaside Hotel) were acquired by OCC Luton, and are being converted for use as Islamic community centres.
-
Our income from building hire has increased due to more bookings and a stronger partnership with Music 24, a local organisation that runs social groups for the elderly and those with mental health issues, learning disabilities, or dementia.
-
Overall, our expenditure for the General Church fund has been very close to budget. With regards to Income, we are delighted to have received a small number of large one-off gifts meaning that we conclude the financial year with a balance £14k above projections. This represents 2.5 months worth of reserves, which will help as we anticipated increased staff and energy costs in 2025.
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
FINANCIAL REVIEW
Income generation
The church’s total income for the year was £235,048 ( 2024: £232,976). Donations of £143,438 have been received during the year (2024: £142,988). Activities for generating funds have increased to £24,523 (2024: £18,207). This is principally because of variations in lettings income due to new bookings.
Expenditures
Total Expenditures were £206,843 (2024: £194,775). Expenditure increased compared to prior year. This was primarily driven by the increase in staff costs compared to prior year as the Assistant Pastor role was filled for all 12 months.
Funds
Overall funds have increased by £28,207 throughout the year.
Unrestricted funds have increased by £10,382 over the year as expenditure remained stable and giving increased through the year.
The Capital fund increased by £29,007.
Restricted funds have decreased by £11,184 due to the finalisation of grants of the Edible High Town project and refugee ministry.
Reserves policy
The church holds unrestricted and restricted funds. Transfers are made from unrestricted to restricted funds in order to prevent restricted funds from going into deficit. Following a review at the Trustees meeting in June 2025, we have amended our policy to state that unrestricted funds should have reserves a minimum of 2 months and maximum of 6 months of normal expenditure. Where reserves are higher/lower than these figures then Trustees should be notified and (where necessary) a plan of action agreed. We would only expect unrestricted funds to increase about the 6 month threshold where specific projects are being planned for subsequent years.
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Hope Church Luton Trust is a company limited by guarantee, incorporated on 20th January 2010 and registered as a charity on 1st February 2010. The church previously operated as an unincorporated charity. The company was established by a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Appointment of responsible individuals and elders
The Church is governed by its responsible individuals, who are appointed according to the Articles of Association.
The responsible individuals and elders, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the period up to the date of this report are set out on page 5. Responsible Individuals and Elders are closely involved in the church’s operations prior to appointment and are appointed according to their ability to lead the church and the skills they bring to the post. Existing Responsible Individuals, Elders and new appointees have a good knowledge of the operation of the Church prior to appointment.
Responsible Individuals and Elders are aware of the legal requirements in connection with the charitable company. New appointees are supported in their posts by existing appointees. New appointees are also provided with copies of the Memorandum and Articles of Association, latest financial statements and guidance from the Charity Commission, including the Charity Commission guide ‘The Essential Trustee’.
Risk management
The Trustees have assessed the major risks to which the church is exposed, in particular those relating to the operations and finances of the church. The Trustees are satisfied that systems are in place to mitigate their exposure to major risk.
REFERENCE AND ADMINISTRATIVE INFORMATION
Company Registration No: 07131310 Charity Registration No: 1133954 MANAGING TRUSTEES/DIRECTORS Trustees/Directors: Jonathan Adams Tony Thompson John Telford Michael Reynolds REGISTERED ADDRESS Hope Church, Luton Villa Road Luton Bedfordshire. LU2 7NT England INDEPENDENT EXAMINER Mervyn Thomas (Coopted to attend Board meetings) 128 Putnoe Lane Bedford, MK41 8LS PRINCIPAL BANKERS NatWest Bank 501 Silbury Boulevard Milton Keynes. MK9 3ER
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
TRUSTEES’ RESPONSIBILITIES
The Trustees/Directors are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable laws and regulations.
Company law requires the Trustees/Directors to prepare financial statements for each financial year. Under that law, the Trustees/Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgements and estimates that are reasonable and prudent
-
Comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements: and
-
Prepare the financial statements on a going concern basis unless it is inappropriate to presume the church will continue its activities.
The Trustees/Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SMALL COMPANY PROVISIONS
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 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011 and in accordance with the small companies regime under the Companies Act 2006.
ON BEHALF OF THE TRUSTEES
Jonathan Adams 13/06/2025
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
INDEPENDENT EXAMINER’S REPORT TO TRUSTEES OF HOPE CHURCH LUTON TRUST
on the accounts for the year to 31[st] March 2025 as set out on pages 8 – 14 in this document.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Independent examiner's statement
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:
-
1) to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act that have not been met; or
-
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Mervyn Thomas 128 Putnoe Lane Bedford MK41 8LS
Dated: 12/06/2025
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
| STATEMENT OF FINANCIAL | ACTIVITIES | |||||
|---|---|---|---|---|---|---|
| Total | Total |
|||||
| At 31st March 2025 | Notes | Unrestricted | Restricted | Capital | Funds | Funds |
| Funds | Fund | Fund | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Incoming Resources | 3 | |||||
| Voluntary income | 162,466 | 8,645 |
- |
171,111 |
175,122 |
|
| Activities for generating funds | 24,523 | - |
- |
24,523 |
18,207 |
|
| Charitable activities - Grants | - | 39,414 |
- |
39,414 |
39,647 |
|
| Total Incoming Resources | 186,989 | 48,059 | - | 235,048 | 232,976 | |
| Resources Expended | 4 | |||||
| Raising funds | 159 | 58 |
- |
217 |
140 |
|
| Charitable activities | 147,424 | 59,202 |
- |
206,626 |
194,635 |
|
| Total Resources Expended | 147,583 | 59,260 | - | 206,843 | 194,775 | |
| - | ||||||
| Net income/(expenditure) | 39,406 | (11,201) | - | 28,205 | 38,201 | |
| Transfers between funds | (29,024) | 17 |
29,007 |
- |
- |
|
| Net movement in funds | 10,382 | (11,184) | 29,007 | 28,205 | 38,201 | |
| Reconciliation of funds: | ||||||
| Total funds brought forward | 25,231 | 34,017 |
435,941 |
495,189 |
456,988 |
|
| Total funds carried forward | 35,613 | 22,833 | 464,948 | 523,394 | 495,189 |
(Continued)
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
BALANCE SHEET
At 31st March 2025
| BALANCE SHEET At 31st March 2025 |
||||||
|---|---|---|---|---|---|---|
| Total | Total Total |
|||||
| Notes | Unrestricted | Restricted | Capital | Funds | Funds | |
| Funds | Fund | Fund | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Fixed assets | 5 | 598,712 | 598,712 598,712 |
598,712 598,712 |
||
| Current assets | ||||||
| Debtors (less than 1 year)) | 6 | 2,877 | - | - - |
- 2,877 |
2,877 5,786 |
| Cash at bank and in hand | 32,736 | 22,833 | 22,833 - |
- 55,569 |
55,569 47,784 |
|
| Total current assets | 35,613 | 22,833 | - | 58,446 | 53,570 | |
| Short Term Liabilities | 7 | - | - | - - |
- - |
- |
| Long term liabilities - Mortgage | (133,764) | (133,764) (133,764) |
(133,764) (157,094) |
|||
| Total assets less liabilities | 35,613 | 22,833 | 464,948 | 523,394 | 495,188 | |
| Charity Funds | 8 | |||||
| Unrestricted funds | 35,613 | 35,613 | 35,613 25,191 |
|||
| Restricted Funds | 22,833 | 22,833 | 22,833 | 22,833 34,057 |
||
| Endowment Fund | 464,948 | 464,948 464,948 |
464,948 435,941 |
|||
| Total funds | 35,613 | 22,833 | 464,948 | 523,394 | 495,189 |
For the year ending 31st March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
ON BEHALF OF THE TRUSTEES
Dated: 13th June 2025
The notes on pages 10 to 15 form part of these financial statements.
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
1. BASIS OF PREPARATION
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The Charity is a going concern. Income generation through members’ donations is maintaining adequate reserves
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period
2. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.
2.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. and in accordance with the Companies Act 2006 and the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) and with the Charities Act 2011.
2.2 Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the church. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Transfers are made from unrestricted to restricted funds as necessary to prevent restricted funds from going into deficit. The Endowment or Capital fund is to hold the Church Property.
2.3 Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the church becomes entitled to the income, it is more likely than not that it will receive the resources and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of donations and gifts and is included in full in the SoFA when receivable. Grants are included in the SoFA when the general income recognition criteria above are met and in the case of performance-related grants income is recognised to the extent that the specified goods or services have been provided. Donated services and facilities are included at the value to the church where this can be measured reliably. The value of services provided by volunteers has not been included in these accounts. Investment income is included when received.
2.4 Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered, which is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the church (as a charitable company) and include the audit fees and costs linked to the church’s legal constitution.
2.5 Fixed assets
No depreciation is provided on freehold land or buildings, following a change in accounting policy implemented in the Accounts for the period ended 31st March 2018.
2.6 Pension costs
Employees of the church are entitled to join a defined contribution pension scheme. The church contribution is limited to the contributions disclosed in note 3.
2.7 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
2.8 Creditors
Creditors (including accruals) are recognised when due at the balance sheet date.
3. ANALYSIS OF INCOME
| 3. ANALYSIS OF INCOME | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| Voluntary Income | £ | £ | £ | £ |
| Donations | 135,285 | 8,153 |
143,438 |
142,988 |
| Gift Aid | 27,181 | 492 |
27,673 |
32,134 |
| Total Voluntary Income | 162,466 | 8,645 | 171,111 | 175,122 |
| Activities for generating funds | ||||
| Building Hire | 20,495 | - |
20,495 |
14,080 |
| Car Park | 3,150 | - |
3,150 |
2,040 |
| Sales (Books, Courses and Events) | 878 | - |
878 |
2,087 |
| Bank Compensation | ||||
| Total Activities for generating Funds | 24,523 | - | 24,523 | 18,207 |
| Charitable Activities | - | |||
| Grants | - | 39,414 |
39,414 |
39,647 |
| Grand Total Incoming Resources | 186,989 | 48,059 | 235,048 | 232,976 |
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
| 4 ANALYSIS OF EXPENDITURE | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2025 | 2024 | |
| Expenditure on raising funds | £ | £ | £ | £ |
| Total expenditure on raising funds | 159 | 58 |
217 |
140 |
| Expenditure on Charitable Activities | - | |||
| Employee Salaries | 72,128 | 32,663 |
104,791 |
96,219 |
| Employer's National Insurance | 20,193 | 1 |
20,194 |
27,934 |
| Pension Contributions | 10,384 | - |
10,384 |
10,039 |
| Sub Contractors | - | 7,604 |
7,604 |
2,340 |
| Expenses | 423 | 5,382 |
5,805 |
1,323 |
| Visiting Speakers | 90 | - |
90 |
605 |
| Training | 1,855 | 18 |
1,873 |
310 |
| Total Staff Costs | 105,073 | 45,668 | 150,741 | 138,770 |
| Utilities | 7,899 | - |
7,899 |
9,241 |
| Maintenance | 6,761 | - |
6,761 |
4,080 |
| Building Allocation | - | - |
||
| Insurance | 2,682 | - |
2,682 |
2,616 |
| Office Services and Supplies | 1,262 | 657 |
1,919 |
4,806 |
| Subscriptions | 3,579 | 288 |
3,867 |
2,775 |
| Legal and professional | 278 | 300 |
578 |
|
| Equipment | 533 | 896 |
1,429 |
439 |
| Catering | 1,808 | 4,213 |
6,021 |
725 |
| Mortgage Interest | 6,566 | - |
6,566 |
7,526 |
| Governance | 394 | - |
394 |
220 |
| Bank Charges | 309 | - |
309 |
266 |
| Total Establishment Costs | 32,071 | 6,354 | 38,425 | 32,694 |
| Children | 44 | - |
44 |
94 |
| Youth | 1,103 | 127 |
1,230 |
542 |
| Conferences and Events | 971 | 392 |
1,363 |
3,804 |
| DIrect Project | - | 2,945 |
2,945 |
2,086 |
| Resources | 559 | 107 |
666 |
67 |
| International Donations | 2,400 | 2,325 |
4,725 |
13,723 |
| Giving Allocation | - | - |
||
| Local Donations | 4,665 | 1,284 |
5,949 |
2,855 |
| Catalyst | 316 | - |
316 |
|
| Alpha | 222 | - |
222 |
|
| Evangelism | - | - |
- |
|
| Total Ministry | 10,280 | 7,180 | 17,460 | 23,171 |
| TOTAL EXPENDITURES | 147,583 | 59,260 | 206,843 | 194,775 |
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
4.4 Trustees Disclosures
Mr Jonathan Adams receives remuneration as Pastor of the Church. No trustee has received expenses in connection with trustee-related matters.
5 Tangible fixed assets
| Cost or valuation | Freehold land | Equipment & |
Total |
|---|---|---|---|
| & buildings | Fittings | ||
| £ | £ | £ | |
| Brought Forward | 598,712 | 18,507 |
617,219 |
| Disposals | - | - |
- |
| Additions in the year at cost | - | - |
- |
| Carried Forward | 598,712 | 18,507 | 617,219 |
| Depreciation | |||
| Brought Forward | - | 18,507 |
18,507 |
| Disposals | - | - |
- |
| Additions in the year at cost | - | - |
- |
| Carried Forward | - | 18,507 | 18,507 |
| Net Book Value | |||
| Net Book Value at March 2023 | 598,712 | - |
598,712 |
| Net Book Value at March 2024 | 598,712 | - | 598,712 |
| 6 DEBTORS AND PREPAYMENTS | |||
| Debtors less than 1 year | 2025 | 2024 | |
| £ | £ | ||
| Gift Aid Receivable | 2,877 | 5,786 |
|
| Total | 2,877 | 5,786 | |
| 7 CREDITORS AND ACCRUALS | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Short-term creditors and accruals | - | - |
|
| Long-term creditors - Mortgage loan | 133,764 | 157,094 |
|
| Total | 133,764 | 157,094 |
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HOPE CHURCH LUTON TRUST TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025
8. CHARITY FUNDS
Details of All Funds with movements during the CURRENT reporting period 2024-2025
| Opening | Closing | ||||
|---|---|---|---|---|---|
| Fund | Balance | Income | Expenditure | Transfers | Balance |
| Total Unrestricted | 25,231 | 186,989 | (147,583) | (29,024) | 35,613 |
| Koudougou | - | 2,400 |
- |
- |
2,400 |
| Understanding Islam | - | - |
- |
- |
- |
| Children Project | (17) | - | - |
17 |
- |
| Newday | 598 | 3,113 |
(2,498) |
- |
1,213 |
| Social Fund | 2,750 | 758 |
(908) |
- |
2,600 |
| Refugees | 6,345 | 3,070 |
(5,696) |
- |
3,719 |
| Open House Lounge | 4,162 | 22,749 |
(24,232) |
- |
2,679 |
| High Town Community Projects | 19,176 | 14,019 |
(23,346) |
- |
9,849 |
| Toby & Heather Johnson | 502 | 1,920 |
(2,325) |
- |
97 |
| Springs | 501 | 30 |
(255) |
- |
276 |
| Total Restricted | 34,017 | 48,059 | (59,260) | 17 | 22,833 |
| Capital Fund | 435,941 | - | - |
29,007 |
464,948 |
| TOTAL FUNDS | 495,189 | 235,048 | (206,843) | - | 523,394 |
8.2 Details of all funds with movements during the previous reporting period 2023-2024
| Opening | Closing | ||||
|---|---|---|---|---|---|
| Fund | Balance | Income | Expenditure | Transfers | Balance |
| General Church | 15,134 | 177,590 | (149,076) |
(18,457) |
25,191 |
| Total Unrestricted | 15,134 | 177,590 | (149,076) | (18,457) | 25,191 |
| Children Project | 281 | - | (298) |
- |
(17) |
| Newday | 1,004 | 1,565 | (1,971) |
- |
598 |
| Social Fund | 1,954 | 2,486 | (1,690) |
- |
2,750 |
| Refugees | 6,400 | (55) |
- |
6,345 |
|
| Open House Lounge | 10,178 | 11,500 | (17,516) |
- |
4,162 |
| High Town Community Projects | 10,474 | 22,248 | (13,546) |
- |
19,176 |
| Toby & Heather Johnson | 479 | 10,646 | (10,623) |
- |
502 |
| Springs | 501 | - |
- |
501 |
|
| Building Fund | 40 | - |
- |
40 |
|
| Total Restricted | 24,370 | 55,386 | (45,699) | - | 34,057 |
| Endowment | 417,484 | - | - |
18,457 |
435,941 |
| TOTAL FUNDS | 456,988 | 232,976 | (194,775) | - | 495,189 |
Page: 14