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2023-09-30-accounts

HOPE CHAPEL (1134290)

FINANCIAL STATEMENTS

HOPE CHAPEL

ANNUAL REPORT

AND

FINANCIAL STATEMENTS

YEAR ENDED 30[TH] SEPTEMBER 2023

Charity Number: 1134290

HOPE CHAPEL (1134290)

FINANCIAL STATEMENTS

CONTENTS

LEGAL AND ADMINISTRATIVE INFORMATION ……………………………………………………………………………… 3 REPORT OF THE TRUSTEES ……………………………………………………………………………………………………… 4-13 INDEPENDENT EXAMINER’S REPORT ............................................................................................ 14 STATEMENT OF FINANCIAL ACTIVITIES ........................................................................................ 15 BALANCE SHEET ........................................................................................................................... 16 NOTES TO THE FINANCIAL STATEMENTS ................................................................................. 17-25

HOPE CHAPEL (1134290)

FINANCIAL STATEMENTS

LEGAL AND ADMINISTRATIVE INFORMATION

Status:

Hope Community Church was created by a trust deed in July 2000 as a member of the Congregational Federation of England and Wales. It is also a registered charity (number 1134290). In 2023 the church name was changed to ‘Hope Chapel.’ This name change was to simplify communication and identification of the church.

Hope operates from the Hope Chapel site in Hotwells, Bristol. The elders are the managing trustees and the Congregational Federation is the custodian trustee of the property.

Hope Chapel’s HM Revenue and Customs charity reference is XR32133.

Managing Trustees:

The managing trustees are the elders who, throughout the year to 30 September 2023 and to the signing date of the report, were:

date of the report, were:
Claire Allan Appointed Feb 2023
Alice Bond Appointed Feb 2005
Chris Bond Appointed Feb 2005
Bill Drewett (Chair) Appointed Feb 2023, Chair from August 2023
Emma Drewett (Treasurer) Appointed Feb 2023
Joyceline Dsouza Term Ended Feb 2023
Rosh John (Treasurer) Term Ended Feb 2023
Esther Lambert Appointed Feb 2020
Andrew Stansbury Term Ended April 2023
Rebekah Stansbury Term Ended April 2023
Helen Westbury Appointed Feb 2020
Peter Westbury (Chair) Appointed Feb 2020, Chair until August 2023

Address:

Hope Chapel, Hope Chapel Hill, Hotwells, Bristol, BS8 4ND

Independent Examiner:

Joshua Kingston BSc (Hons) ACA Burton Sweet Limited The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR

Bankers:

Charities Aid Foundation Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Mailing, Kent, ME19 4JQ

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HOPE CHAPEL (1134290)

REPORT OF THE TRUSTEES

The trustees present their report and the financial statements of the charity for the year ended 30 September 2023.

Objects and Activities

The objects of the charity are as follows:

The principal purpose of the church is the advancement of the Christian faith according to the principles and usages for the time being of congregationalism and in accordance with any specific requirements in the foundation trusts.

The church may also advance education, relieve need and carry out other charitable purposes in the United Kingdom and other parts of the world.

The charity’s trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duty.

Vision

Hope Chapel's vision is “to bring hope to all people through the good news of Jesus Christ.”

Within this we particularly pursue these four dreams that give us a focus amongst other churches within Bristol:

These dreams sharpen our focus as a church, recognising that we serve the city best when we focus on our strengths and the specific areas to which God has called us. Most members of Hope have been drawn to the church because they are passionate about one or more of the dreams or because they are drawn to the culture of the church, which in itself has been shaped by these dreams.

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HOPE CHAPEL (1134290)

Strategy

Minster - Our strategy for effectiveness and growth has been inspired by the Celtic concept of ‘minsters.’ In Celtic Britain, minsters were the first Christian buildings. These were a mid-point between a monastery (separate from society with rhythms of prayer and spiritual discipline) and parish church (hands on in leading worship and providing for the needs of the local community). They were regional in their scope, sending out their members as lay missionaries to the region around the minster. They were gathering places for learning, refuge, poverty relief, education, enterprise, and had within them rhythms of prayer and worship, much like Hope Chapel. The map below shows the locations of Hope households, with Hope members ministering through their workplaces and local communities across Bristol and the surrounding area.

Hope Chapel Households Map

Depth - Our emphasis has also been on establishing a greater depth of relationship, discipleship, and prayer within a smaller church membership, rather than on growing a numerically larger church. We look to ‘send out’ individuals or couples or families after a season of being part of Hope, to bring what they have grown in to other settings. To date we have prioritised this over the idea of planting other church congregations.

Purpose – A third aspect of strategy is to support each individual in finding and living in their Godgiven purpose. Ephesians 2.10 writes that God has prepared good works for each person to do. Alongside workplace and local community, our ‘boats’ (more below) provide another opportunity for people to minister in line with their gifts, passion and purpose.

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HOPE CHAPEL (1134290)

Organisation

During the year the staff team was as follows:

Chris Bond Pastor (full time) Alice Bond Pastor (2 days per week) Andrew Stansbury Associate pastor (part-time job share) until April 2023 Rebekah Stansbury Associate pastor (part-time job share) until April 2023 Hannah Lehmann Administrator (4 days per week) Aaron Mathias Caretaker (15 hours per week) Claire Collins Finance administrator (1 day per week) Charlie Carron Youth Pastor (3 days per week) Micah Partridge Youth Intern (24 hours placement time per week)

Hope operates to a large extent as a volunteer organisation and much of the work of the staff team is supporting and facilitating the work of volunteers. Most of the volunteers are members of Hope (see below) or people who worship at Hope but have not formally become members. Each Sunday service involves approximately 20 volunteers in addition to the employed pastors, on teams including hospitality, worship & PA, welcoming, and the different children’s groups.

The elders who served during the year and to the date of this report are listed on page 1. The pastors and associate pastors of the church are elders ex officio. The other elders are members of Hope who have been nominated and appointed by the members of the church to serve as elders for a term of three years.

The elders are the key management personnel of the charity.

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HOPE CHAPEL (1134290)

Activities in 2022-2023

Hope pursues its vision through:

  1. Gathering as a whole church in a single Sunday morning service to worship God and to inspire and equip church members and those seeking God (this is deliberately one service that brings together people of all ages and many different social backgrounds).

  2. Running various mid-week ministries in Hope Chapel and around the city.

  3. Accountable relationships, discipleship courses and events.

  4. Encouraging members that their homes, workplaces and local communities are settings for all to advance the Christian faith in a wide variety of ways.

  5. Sending and supporting mission partners locally, nationally and internationally.

1. Sunday Gatherings

Our weekly Sunday morning service continues to be our main gathering as a whole church. We have continually decided against starting a second or evening service so as to maintain the intergenerational richness of the church. Our growing youth have increasingly been meeting in different forms on Sunday evenings including a monthly youth worship evening service.

Through this financial year our Sunday teaching has included a series called ‘God’s Economy of Superabundance,’ looking at how we live in the midst of a cost of living crisis; ‘Prayer Learning Community,’ where we looked at prayer and how we pursue our calling to be a prayer centre for the city; and ‘The Ecosystem of God’s Kingdom,’ on what the Kingdom of Heaven is and how we see God’s Kingdom comes on earth as in heaven. The youth have been immersed in the Sermon on the Mount for much of the year.

The second halves of our services involve children and youth joining groups in different locations whilst adults have a talk and more worship. We’ve moved these round different locations through the year to find enough space and the best spaces for these groups. The youth outgrew the 264 Hotwell Road living room so are now meeting in the Prayer Centre, with Little Gems in the Crypt, babies in the Meeting Room and Kids over at the school.

2. Mid-Week Ministries (Boats & Life Groups)

Hope’s mid-week ministries are listed below under the other dreams to which they relate. In line with the ‘Beach and Boat Vision’ these ministries are described as ‘boats’, communities of Hope members who are together on a missional purpose as shown in the drape that hangs in the hall in Hope Chapel.

This year we also launched 4 Life Groups. Known in other churches as cell groups or home groups or similar, these provide an opportunity for people to build relationship with others and grow in their faith in a home setting.

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HOPE CHAPEL (1134290)

Beach & Boat Vision drape, showing how Hope operates as a church. Members gather on the beach to worship and pray together and commission the boats which then go out 'on mission'.

Mid-week ministries relating to Hope’s dream - to be a prayer centre for the city:

Mid-week ministries relating to Hope’s dream - to be a family for people on the margins of society:

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HOPE CHAPEL (1134290)

Mid-week ministries relating to Hope’s dream - to be a church that children love and Hope’s dream - to be at the heart of the community:

3. Homes, Workplaces and Local Communities

Hope’s roots are in Congregationalism. This Christian denomination emphasizes the ‘priesthood of all believers’ and ‘every member ministry.’ These biblical concepts from 1 Peter 2, 1 Corinthians 12 and Ephesians 4, teach that every Christian should participate in the life of the church. This is not a privilege reserved for ordained clergy. Furthermore, the church is not confined to services or certain times and places, but is designed to bring the presence of Jesus into every area of life. Archbishop William Temple said in 1944 “We are convinced that England will never be converted until the laity use their daily opportunities afforded them in their various crafts and workshops.” In light of this, a significant emphasis is given within the life of the church to members’ homes, workplaces and local communities as their places of godly influence and ministry.

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HOPE CHAPEL (1134290)

4. Sending and Supporting Mission Partners Locally, Nationally and Internationally

Church Membership

Those attending the church, who subscribe to its values and beliefs, and who feel called and committed to the church are encouraged to become ‘members’ of Hope.

Adults can become members through having their names put forward at a church meeting and are then invited to become members of the church by making a public commitment before the congregation and are welcomed into church membership. The commitment of church membership is an agreement to live within the community of the church in the sharing of time and resources and to live in accountable relationships with each other.

Membership of Hope involves members discerning God’s together what God is saying to the church. This includes members attending and voting at church meetings and contributing to the appointment of elders and some staff roles.

Hope currently has 104 formal adult “members”, 263 subscribers to the Fortnightly Email, 162 adults on the database, and 105 children and youth. The population pyramids overleaf show the age and gender demographics.

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HOPE CHAPEL111342901 Women Men 40 10 20 30 40 io Glrls io li

HOPE CHAPEL (1134290)

Trustee and Members’ Meetings

Church members vote to appoint ‘elders’ who oversee the church. These are also the trustees of the charity. The elders have met fortnightly through 2022-2023 for meetings that combine the charity’s governance with the spiritual leadership of the church. Matters that were relevant to members for decision making were brought to members’ meetings. Four members’ meetings were held this year.

The non-staff elders are:

Claire Allan Bill Drewett Emma Drewett Esther Lambert Peter Westbury Helen Westbury

Chris & Alice Bond and Andrew & Rebekah Stansbury are elders as a part of their roles as pastors. Andrew & Rebekah Stansbury finished their elder term when they ended their employment contracts.

Elder meetings have also included regular governance issues such as reviewing the church finances, safeguarding and other matters.

Building Hire

Some local community groups hire the church building for events and regular meetings. These all provide some additional income to the church. We enjoy a mutual relationship with Hotwells Primary School with them using Hope Chapel for various events and Hope using their hall and green space for children on a Sunday morning.

Yes Friends ethical clothing business relocated their office and storage space to Hope Chapel this year and operate from the building during the week. They occupy previously under-utilised space, pay some useful rental income and contribute positively to the social fabric of the building.

Reserves & Financial Position

Average giving to the church by members and regulars (gift aided and non-gift aided) over the last year has been £12,120 per month. Regular giving has increased steadily over the year by approximately £2,000 per month since October. The number of people/households giving over the year has risen from 46 in January 2023 to 59 in September 2023. There is some monthly fluctuation but a general upward trend.

Total unrestricted income from October 2022 to end September 2023 is £202,117 giving an average monthly income of £16,843 over the year. Total unrestricted expenditure from October 2022 to end September 2023 is £181,763 giving a monthly average expenditure of £15,147 over the year. Unrestricted free reserves at 30 September 2023 are £39,668 (2022: £24,916).

The reserves policy adopted by the members is to keep cash balances held in unrestricted funds in the range from £10,000 to £40,000. These cash balances are expected to be sufficient to accommodate short-term cash flow fluctuations, but the church does not seek to generate substantial surpluses or to build up excessive reserves. At 30 September 2023, cash balances held in unrestricted funds amounted to £48,117 (2022: £28,146).

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HOPE CHAPEL (1134290)

The trustees and church members decided not to appoint new associate pastors immediately following Andrew and Rebekah Stansbury, given the financial position last year where expenditure exceeded income for a time, and to enable the opportunity to consider the church’s staffing needs in light of changes since the Pandemic and in light of other changes within the staff team. Charlie Carron was employed as Youth Pastor and Alice Bond was employed as Co-Pastor since Andrew and Rebekah were first appointed. Micah Partridge has also joined the team as Youth Intern for the academic year starting September 2023. He will also perform some operational duties. With the growing number of children who are younger than the youth age trustees and members have been considering the need for a children’s and families pastor.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires 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 and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the charity’s governing document. 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.

By order of the trustees on.

Emma Drewett

Treasurer

Chris Bond Pastor

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HOPE CHAPEL (1134290)

Independent examiner’s report to the trustees of Hope Community Church

I report to the trustees on my examination of the accounts of Hope Community Church (the Charity) for the year ended 30[th] September 2023.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc (Hons) ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: …………………………

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HOPE CHAPEL

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 SEPTEMBER 2023

Note
Income from:
Donations and legacies
2
Charitable activities
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
7
Transfers between funds
14
Net movement in funds
Total funds at start of year
14
Total funds at end of year
14		 Unrestricted
Funds
£
192,997
9,120		 Restricted
Funds
£
44,958
-		 Total Funds
2023
£
237,955
9,120		 Total Funds
2022
£
222,122
14,147
202,117 44,958 247,075 236,269
181,763 47,886 229,649 318,165
181,763 47,886 229,649 318,165
20,354
(8,688)		 (2,928)
8,688		 17,426
-		 (81,896)
-
11,666
300,264		 5,760
5,468		 17,426
305,732		 (81,896)
387,628
311,930 11,228 323,158 305,732

The charity has no recognised gains or losses other than the results for the year as set out above. All activities are classed as continuing.

The comparative statement of financial activities is shown in note 10.

The notes on pages 17 to 25 form part of these financial statements.

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HOPE CHAPEL

BALANCE SHEET

AS AT 30 September 2023

Note
Fixed assets
Tangible fixed assets
11
Current assets
Debtors
12
Cash at bank
Creditors: Amounts falling due within
one year
13
Net current assets
Net assets
Funds
Unrestricted
15
Restricted
15		 £
7,318
48,117		 2023
£
272,262		 £
8,839
28,146		 2022
£
275,348
55,435
(4,539)		 36,985
(6,601)
50,896 30,384
323,158 305,732
311,930
11,228		 300,264
5,468
323,158 305,732

These financial statements were approved by the trustees on …..................................................... and are signed on their behalf by:

Emma Drewett Treasurer

Chris Bond Pastor

The notes on pages 17 to 25 form part of these financial statements.

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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 UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The charity is a public benefit entity.

b) Income

Income from donors is included within income when receivable, except as follows:

i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.

ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Donated services and facilities are included at the value to the charity where this can be quantified.

c) Expenditure

Expenditure is recognised on an accruals basis and has been classified under headings that aggregate all costs related to that category. Expenditure includes attributable VAT that cannot be recovered.

Governance costs which are included within support costs of charitable activities include all those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity.

d) Tangible fixed assets and depreciation

Tangible fixed assets costing more than £100 are capitalised and included in the balance sheet at cost including any incidental expenses of acquisition. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Equipment 25% per annum reducing balance Church Building Not depreciated Fixtures 10% straight line

The church building was gifted to Hope Community Church in October 2002. At the time of the church building asset was not recognised within the accounts. FRS 102 SORP requires charities to recognise and value assets such as the church building on the balance sheet at fair value at the time of the gift. Fair value is able to be estimated by the trustees and the property is recognised at this deemed cost as if it had always been treated in this way.

Due to the nature of the Grade II church building and the trustees’ responsibility to maintain it, a policy of not depreciating the asset has been chosen.

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies (continued)

e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

f) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short term maturity of three months of less from the date of acquisition or opening of the deposit or similar account.

g) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

h) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Further explanation of the nature and purpose of each fund is included in note of the financial statements.

2 Donations

Current year
Regular donations
12 Buildings
Youth Worker Grant
Donations for hardship fund
One-off donations
Gift aid
Prior year
Regular donations
12 Buildings
Youth Worker Grant
Donations for hardship fund
One-off donations
Gift aid		 Unrestricted
Funds
£
163,283
-
-
-
435
29,279		 Restricted
Funds
£
-
16,900
8,270
1,588
18,200
-		 Total Funds
2023
£
163,283
16,900
8,270
1,588
18,635
29,279
192,997 44,958 237,955
Unrestricted
Funds
£
118,723
-
-
-
-
25,664		 Restricted
Funds
£
-
42,957
16,000
643
18,135
-		 Total Funds
2022
£
118,723
42,957
16,000
643
18,135
25,664
144,387 77,735 222,122

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

3 Income from charitable activities

Income from charitable activities
Conferences and courses
Rental income
Little Stars
Other income		 Unrestricted
Funds
£
30
8,635
44
411		 Restricted
Funds
£
-
-
-
-		 Total Funds
2023
£
30
8,635
44
411		 Total Funds
2022
£
6,397
7,599
-
151
9,120 - 9,120 14,147

All charitable activity income in the prior year was unrestricted.

4 Expenditure on charitable activities

Current year
Grants (note 5)
Staff salaries and payroll costs (note 8)
Building improvements
Pastoral expenditure
Hospitality (including Sunday breakfasts)
Conferences and courses
Under 18s
Hope on Wednesday
Refugee hub
Hope Chapel Annexe
Support costs (note 6)
Prior year
Grants (note 5)
Staff salaries and payroll costs (note 8)
Building improvements
Pastoral expenditure
Hospitality (including Sunday breakfasts)
Conferences and courses
Under 18s
Hope on Wednesday
Refugee hub
Support costs (note 6)		 Unrestricted
Funds
£
14,855
130,562
883
998
4,172
492
1,781
1,105
-
-
26,915		 Restricted
Funds
£
2,159
7,595
25,588
-
-
-
-
107
2,971
9,466
-		 Total Funds
2023
£
17,014
138,157
26,471
998
4,172
492
1,781
1,212
2,971
9,466
26,915
181,763 47,886 229,649
Unrestricted
Funds
£
15,740
130,916
-
572
2,190
10,387
998
282
-
27,454		 Restricted
Funds
£
14,960
19,428
93,427
-
-
-
-
461
1,350
-		 Total Funds
2022
£
30,700
150,344
93,427
572
2,190
10,387
998
743
1,350
27,454
188,539 129,626 318,165

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

5 Analysis of grants
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
To Institutions
Churches City Fund 3,000 - 3,000
Crisis Centre Ministries (In Hope) 1,800 - 1,800
Beloved 1,500 - 1,500
Bristol Schools Connection 1,500 - 1,500
Bees for HM Bristol Prison 455 - 455
Crawley OCOD 3,300 - 3,300
R&A Allen - Chrysalis Ministry 3,300 - 3,300
Hardship fund - 1,659 1,659
To individuals - 500 500
14,855 2,159 17,014
Prior year comparative
Prior year comparative
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
To Institutions
Churches City Fund 3,000 - 3,000
Crisis Centre Ministries (In Hope) 1,800 - 1,800
SixtyOne 340 - 340
Beloved 1,500 - 1,500
Bristol Schools Connection 1,500 - 1,500
Love Bristol 250 - 250
Crawley OCOD 3,300 - 3,300
Hardship fund - 950 950
To individuals 4,050 14,010 18,060
15,740 14,960 30,700

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

6
Support costs
Insurance
Heat, light and water
Cleaning
Equipment
Repairs and maintenance
Memberships
Security, health and safety
Telephone
Postage, printing and stationery
Depreciation
Bank charges
Licences, legal and professional
Sundry
Governance costs
All support costs in the prior year were unrestricted.		 Unrestricted
Funds
£
2,878
4,709
1,528
983
1,789
1,140
1,273
1,967
1,840
3,086
60
901
1,149
3,612		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2023
£
2,878
4,709
1,528
983
1,789
1,140
1,273
1,967
1,840
3,086
60
901
1,149
3,612		 Total Funds
2022
£
2,871
4,152
879
250
5,276
1,112
1,444
1,732
1,782
3,170
90
860
1,328
2,508
26,915 - 26,915 27,454
7
Net income / expenditure for the year
This is stated after charging:
Depreciation
Independent examination fee
8
Staff costs
The aggregate payroll costs were:
Wages and salaries
Social security costs
Pension costs		 2023
£
3,086
2,280		 2022
£
3,170
1,272
2023
£
123,373
5,095
9,689		 Restated
2022
£
134,544
5,460
10,340
138,157 150,344

No employee received emoluments of more than £60,000.

The average monthly headcount of employees during the year was 7 (2022: 8).

The total employee benefits received by key management personnel in the year was £66,956 (2022: £76,719).

9 Taxation

The charity is exempt from Corporation Tax on its charitable activities.

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HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

10 Comparative statement of financial activities
Income from:
Donations and legacies
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure) and net movement in funds
Transfers between funds
Net movement in funds
Total funds at 1 October 2021
Total funds at 30 September 2022
11 Tangible fixed assets
Cost
At 1 October 2022
Additions
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book Value
At 30 September 2023
At 30 September 2022		 Buildings
£
250,000
-		 Unrestricted
Funds
£
144,387
14,147		 Restricted
Funds
£
77,735
-		 Total Funds
2022
£
222,122
14,147
158,534 77,735 236,269
188,539 129,626 318,165
188,539 129,626 318,165
(30,005)
(2,499)		 (51,891)
2,499		 (81,896)
-
(32,504)
332,768		 (49,392)
54,860		 (81,896)
387,628
300,264 5,468 305,732
Fixtures
£
26,399
-		 Equipment
£
23,141
-		 Total
£
299,540
-
250,000 26,399 23,141 299,540
-
-		 2,640
2,640		 21,552
446		 24,192
3,086
- 5,280 21,998 27,278
250,000 21,119 1,143 272,262
250,000 23,759 1,589 275,348

The church buildings comprise Hope Chapel.

The Congregational Federation of England and Wales is the holding (custodian) trustee for all the above property. The elders of Hope Community Church became the managing trustees in October 2002.

22

HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

**12 ** Debtors
2023 2022
£ £
Other debtors 7,318 8,839
7,318 8,839
**13 ** Creditors: Amounts falling due within one year
2023 2022
£ £
Other creditors 1,063 2,745
Taxation and social security 1,196 2,584
Accruals 2,280 1,272
4,539 6,601
**14 ** Movement in funds
Year ended 30 September 2023
Year ended 30 September 2023
1 Oct 30 Sep
2022 Income Expenditure Transfers 2023
£ £ £ £ £
Restricted funds
Buildings - 16,900 (25,588) 8,688 -
Youth worker grant 2,325 5,270 (7,595) - -
Youth Intern - 3,000 - - 3,000
Restricted gifts 107 - (107) - -
Donations for hardship funds 261 1,588 (1,659) - 190
Agency - 500 (500) - -
Refugee Hub 2,775 4,500 (2,971) - 4,304
Hope Chapel Annexe - 13,200 (9,466) - 3,734
5,468 44,958 (47,886) 8,688 11,228
Unrestricted funds
General funds 300,264 202,117 (181,763) (8,688) 311,930
300,264 202,117 (181,763) (8,688) 311,930
Total funds 305,732 247,075 (229,649) - 323,158

23

HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

14 Movement in funds (Continued)

Year ended 30 September 2022

Year ended 30 September 2022
Restricted funds
Buildings
Youth worker grant
Hope on Wednesday
Restricted gifts
Donations for hardship funds
Agency
Refugee Hub
Unrestricted funds
General funds
Total funds		 1 Oct
2021
£
47,985
5,753
447
107
568
-
-		 Income
£
42,957
29,385
-
-
643
625
4,125		 Expenditure
£
(93,427)
(32,813)
(461)
-
(950)
(625)
(1,350)		 Transfers
£
2,485
-
14
-
-
-
-		 30 Sep
2022
£
-
2,325
-
107
261
-
2,775
54,860 77,735 (129,626) 2,499 5,468
332,768 158,534 (188,539) (2,499) 300,264
332,768 158,534 (188,539) (2,499) 300,264
387,628 236,269 (318,165) - 305,732

The Buildings fund represents monies received that are to be spent on the church building.

The Youth worker grant represents monies received to pay for salaries for a youth worker.

Youth Intern is funding for the SWYM (South West Youth Ministries) internship role for the 2023-2024 academic year. This contributes to the SWYM placement fee and the cost of accommodation and living.

The Hope on Wednesday fund represents monies received that are to be spent on the ministry of the Hope on Wednesday group.

The restricted gifts funds is used for monies given to the church which are to be passed on to recipients designated by the donors.

The donations for hardship funds represent monies received with a specific purpose of giving to members financially affected by Covid-19.

The agency fund represents a donation or gift that is given to Hope Community Church and then passed straight on to another individual or organisation that is related to and consistent with the church’s charitable purposes. Examples include an anonymous gift to an individual who is in financial hardship, or a gift to a charity that is a partner of Hope Community Church.

The Refugee Hub fund relates to a weekly event at Hope Chapel hosting Ukrainian refugees with a cooked meal, play space for children and relational space for adults. Finances associated with this are mostly spent on food, with some expenditure on equipment, such as a bouncy castle.

Hope Chapel Annexe is funding for the building project of a self-contained care-taker’s dwelling on the Hope Chapel site.

24

HOPE CHAPEL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

15 Analysis of net assets between funds

As at 30 September 2023

Restricted funds
Unrestricted funds
As at 30 September 2022
Restricted funds
Unrestricted funds		 Tangible
fixed assets
£
-
272,262		 Net current
assets
£
11,228
39,668		 Total
£
11,228
311,930
272,262 50,896 323,158
Tangible
fixed assets
£
-
275,348		 Net current
assets
£
5,468
24,916		 Total
£
5,468
300,264
275,348 30,384 305,732

16 Related party transactions

In the year four trustees were remunerated as employees of the charity as below:

Current Year
Role
Chris Bond
Senior Pastor
Alice Bond
Senior Pastor
Andrew Stansbury - Term Ended April 2023
Associate Pastor
Rebekah Stansbury - Term Ended April 2023
Associate Pastor
Prior Year Comparative
Role
Chris Bond
Senior Pastor
Alice Bond
Senior Pastor
Andrew Stansbury
Associate Pastor
Rebekah Stansbury
Associate Pastor		 Gross
wages
38,300
15,320
18,301
1,708		 Employers
pension
3,064
1,226
1,523
132		 Total
41,364
16,546
19,824
1,840
Gross
wages
36,644
14,868
28,133
4,686		 Employers
pension
2,931
1,189
2,251
414		 Total
39,575
16,057
30,384
5,100

The approved governing document of the charity contains the legal authority upon which this remuneration is made.

Other than disclosed above, no trustee received any payment during the year.

Aggregate donations from trustees, key management personnel and other related parties was Nil (2022: £Nil).

No related party transactions occurred in the year other than disclosed above or elsewhere in the financial statements.

25