Charity re915tration number 1137233 Company registration number 07250346 IEngland and Wales) CITY HOPE CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 •ABE53AA94 07110r2022 COMPANIES HOUSE A13 #35 CITY HOPE CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees gela Lynch Joanna Peacock Dave Slaunton Vvellesley Watkins John Hartis IApF¥)inted 21 November 20211 Secretary Rebecca Whiluesea Charity number 1137233 Company number 07250346 Principal addres5 Drumrnond Chiistian Centre 121 Drummond Road London SE16 2JY Registered office Drumrnond Christian Cenlre 121 Drummond Roa London SE16 2JY Independent examiner RKhard F Hopper 4 Rhodfa Clawdd Offa Denbigh Denbighshire LL16 4RJ CITY HOPE CHURCH CONTENTS Page Trustees. repori $￿teMent of trust&&s' restx)nsibilities Independent examin8rfs repDrt Statement ol finanrial activttie5 Balance sheet Notes to the financial statements 8-18 CITY HOPE CHURCH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The tru51ees present their annual report and financial slatements for Ihe year ended 31 March 2022. The financial staternents have been p￿Pared in accordance with the accounting polioes set out in note 1 to the financial slalem8nts and comply with the charity's con5titukn"on, the Companies Acl 2006 arKI 'Accountin9 and Reporting by Charilies." Statement of Recommended Practice ap￿1¢able to charities preparing their accounts in arxordance with the Finanual Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102). leffecb've 1 January 20191. Objectives and activities Thè charify's object IS th8 proclèmalim ol the Chrisban faith. The policies adopted in furtherance of this object re the running of a Ghurch in Lon(ltsn and there has been no change in these during Ihe year. The trustees have paid due regai¢J to guidar￿e issued by the Charity Commission in dectding what activtties the chanty should uridertake. Achievement5 and performance A surnrnary of the developments. acbvitiÈs arKI ach*verrents of the chuieh duriw¥J the year is set out below. Regular Sunday services were held in our p￿MiseS with a weekly average Èttendance ol arou￿ 170. A debt advice centre was run in partnership with Christians Against Poverty. Regular community W￿rK took placè including Youth 111-171 work (weekly activib.es and a winter and summer eventl- weekly foodbank in conjuncts'on with Southwark loo(Ibank. arnd a weekly support group, Hope Tuesday. Support was also provided to churches overseas {particulady t￿)se affilialed ￿th Ihe New Fronbers nelwork}. Financial ¥evi•w The financial transactions ol the church during the year and the financial pr>sib"on al Ihe end of thè year ale summansed in the altsched accounts. The trustees consKler the financial p05ibon to be satislactDry. The majority ol donations weived a￿ from standing ordEf5 and bank transfers1£183,B221 and the gift aid tax refunds for the yeai tolalled £46,944. The trusiees encourage regular giving tly standing order as this provides reliable figuie lor budgetary planning. It is the policy of the charity that unrestricte(I funds which have not been designated for 8 specik use should be maintained al a level equivalent lo betrrfeen three and six month's expenditure. The trustees consider that reserves at this level will ensure thal. in the event of a S￿nIfiCant drop in funding. they will be able to wntinue the harily's current activities while consideration 15 9iven to ways in which a￿d￿o￿al fund5 may be rai58d. This level of resèrves has been rnainlained throughout Ihe year. The Irustees have assessed thè major risks to wh￿h the chanty is exposed. and arè satisfied that systems are in place 10 mits.gate exposvre to the mapr risks. structure. 9overnan¢e and management The charity is a company limited by guafanlee. The trustees. who are also directh for the purpose of company law. and who served dursng the year and up to the date of signature ol the financial ststements We￿.. PatriC1a Iclaèwor (ReS￿ned 21 November 20211 Angela Lynch Joanna Peacock Dave Slaunlon Wellesley Vvaikins John Harris (Appornted 21 Novefflber 20211 None ol the tnjstees has any benefioal interest in Ihe company_ Al of the trustees are members of the company and guarantee to contribute £1 in the event of a winding UP. CITY HOPE CHURCH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trustees oversee the administrative Matte￿ of the church. defegating day404ay and pasioral matters to the paid siaff. The Iruslees, report was approved by the Board of Trustees. Dave Staunton Trustee CITY HOPE CHURCH STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The trustses, who arg also the directors of Cty Hope Churth for the purp)se of company law. are rèsponsible for preparing the Twstees, Report and ihe financial slalements In accordance with ap￿Icable law and United Kingdom Accounting Standards (Unitèd Ktngdom Generally Accepted Accwed. subject to any material departures disclosed and eX￿aIned in the financial statements- and piepare the financial siatements on the ￿lThJ concem basis unless rt is inappropriate lo presume thal the charity 11 conb.nue in operation. The trustees are resp)nsible for keep5n9 adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2(th. They are also responsitle for safeguarding the assets of the charity and hence fof taking reasonable sieps lor the prevention and deleGtion of fraud and olhei irregularities. CITY HOPE CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY HOPE CHURCH I report to the trustees on my exanynalion of the financial statements of City Hope Church (the charity) foi the year ended 31 March 2022. Responslblllties and basls of report As the trustees ol the charity land a150 its diredor5 for thè purposes ol company lawl you are responsible for the preparation of thè finanaal statements in accordance with the requirements of the Coffipanie5 Act 2006 {thè 2006 Acti. Having satisfied myself that thè financial slaletwwts of thè charity afe nol required to b8 audit8d und81 Part 16 of the 2006 Act and a￿ eligible for independent exafflinats"on, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Ad 2Q111 (the 2011 Act). In carrying out my examination I have Idlowed all the appltcable Direction5 given by Ihe Charity cornmissh￿ under Section 14515llbl of the 2011 Act. Independenl ex3minerf5 Statement Since the charity's gross Income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualrfied to undÈrtake the examination because l am a member of The Institute of Chartered Accountants in England and Wales. wh￿h is one of the listed bc*Jies. I have completed my eXa￿l￿alK)n. I conffirm that no matters have to my attent￿ in oMnection wilh the examination giving me cause io believe Ihat in any material iespect.. accounting fecords weie not kept in respect ol the charity as requi￿ by section 386 01 the 2006 Act," or the financial siaternents do not accord with Ihose records.. or the financial slalemenls do nol comply with the accountsng ￿qUIre1￿ents of section 396 of the 2006 Act other than any reouirement that the accounts give a true and lair view which is nol a matter consi¢Jered as part of an independent examinab'on.. or the financial statements have not bèen p￿pared in aco)rdance with thè Meth￿1$ and pftnciples of the Slatpment ol Recommended Practs"ce foi accounting and rewrting by charits"e5 applicable to charities pieparing their accounts in accordènce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no ott*r matters in connection with the examinaiion to which attents'on should be drawn in thi5 rewrt in to en3￿e a proper un(lerstanding of the financial statements lo be reached. Richard F Hopper Charte￿￿ Accountant 4 Rhodla Clawdd Offa Denbigh Denbighshire LL16 4RJ Dated.. 4 Ockk, L* CITY HOPE CHURCH STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDttURE ACCOUP4T FOR THE YEAR ENDED 31 AAARCH 2022 T¢iai unres1￿Cle0 Restric￿ EndOW￿￿t fuDdS 2021 nds funds 2D22 2022 2D21 2021 Incornefrvm." DonÈtions and legacie6 Charikbltacti￿￿eS Itsvesknènts 248.791 3.251 62.6SI 13m4 319,314 3,254 82.6SJ 13,694 78.B56 333,320 2,669 77,963 77.947 Totri SncDmo 418,915 78.872 413,952 enditurÈ ¢Jn'. 311.188 55.871 7.059 316.173 52.150 388,323 NelgaIn￿ll055e51on ￿vestr￿Ents 14.799 14.799 )31.343 131,343 Net movernent in lunds 52.tr)1 E6.6SS IM.2 26.Ir2 176,972 Net movement in lunds 52.Cfj1 14.654 66.65S I￿.250 26.722 176.972 Fund balances at l Apnl 2021 1.7al.447 551 fj￿.(Kx) 2.444.93B 1.570.197 31,829 6S,CW 2,268,026 Fund balances at 37 Marth 2022 1.7T2.448 .(xx) 2￿11.653 1.72D.447 58.551 666,CN)0 2,444,998 The $Iètementoff￿AUsI athibes w￿￿deSaIg￿n￿￿ kJ5SB5wNStyj•)t*￿. CITY HOPE CHURCH STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDtruRE Accoumr FOR THE YEAR ENDED 31 MARCH 2022 CITY HOPE CHURCH BALANCE SHEET ASAT 31 MARCH 2022 2022 2021 Notes Fixed assets Tangible assets Investments 12 13 112,899 2.032.859 132,812 2.016.141 2.145.758 2,148.953 Current assets Stocks Debtors C85h at bank and in hand 14 15 18.295 352.194 8,154 292,537 371,389 3tx).691 Creditors.. amounts falling due within one year 16 15.4941 14,6461 Net ctsrrent assets 365.895 296,045 Total assets les5 current liabilities 3.511,653 2,444,998 Capital funds Endowment lund5- general Income funds Restricted funds Unre51ricted fund5 17 666.OCrf) 666,000 18 73,205 1.772,448 58,551 1.720,447 2.511.653 2,444,998 The company is entitled to the exemption from the audit reqU1￿ment contained in secth?n 477 01 the Companies Act 2006. lor the year ended 31 March 2022. The d1￿clOr5 acknowledge their ￿spOnsibl1111es for comptyfjng wilh the requirements of the Companps Act 2006 with respect lo accounb'ng records and the preparation ol financrab statements. The rnembers have not required the company lo obtsin an audit ol its financial statements for the year in question in accordance with section 476. These hnancial statements have been preparwl in accordar￿e wth the provisions applicable to comp8nies subject to the small companies iegime. The financial statements were approved by the Trustees on . Dave Staunton Trustee Wellesley WaU¢ins Trustee Company registration number 07250346 CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poli¢iès Charity information City Hope Church is a private company limited by guarantee in¢))rporated in ErNJland and WalÈs. Thè registered office is Drummond Christian Centfe, 121 Dfummond Road. London. SE16 2JY. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's constitution. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102-1 and the Charities SORP "Accounting and Reporting by Charitie5.' Stalement of Reix)mmended Practice applicable lo charities preparing iheir ac￿unt$ in accordance with the Financial Reprlrting Standard applicable in the UK an¢J Republic ol Ireland IFRS 1021" leflecb've 1 January 20191- The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advanlage of the provtyons in the SORP for charities not to prepare 8 Statement of Cash Flows. The financial slatements are prepa￿ in sterfing. which is the functional currency of the charity." Monetary amounts in these financial statements are rounded to the rbearest £. Thè financial stalemenls have been prepared undef Ihe historical cost Gonvenlion. lrnodified lo indude the r8valuab.on of freeh)Id properties and to include inveslment properties and certain financial instmmenis al lair valuel. The prinripal accounting pdicies a(kspted are set out bel￿￿. 1.2 Golng concern At Ihe time ol appfoving the financial statements, the Irustees have a reasonable expectation that the charity ha5 adequate resources to continue in operational existen￿ for the foreseeable futLJre. Thus the trustees continue to adopt the goiTrJ con￿￿ ba5i8 of acwunting In preparing the ffinancial ststernents. 1.3 Charitable fund5 Unrestricted fvnds are available for use at the discretion of the trustees in further8nce of their charitable Dbiectives. Restricted funds are subject lo specific condilions by donors as to hv•4 they may be used. The purposes and Uses of the ￿stricted funds a￿ set oul in the ￿teS lo the financial statements. Endowment funds are subject to specific condib.ons by donors that the ca￿.￿1 must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charity 15 legally entiued to il after any performancE conditions have been mel, the amounts can be measured reliably. and it is probable that incotne will be ieceived. Cash donations are recognised on receipt. Other donaiions a￿ recognised CIn￿ the charity has been notified of the donation, unless performance ￿dI￿"0nS fequire deferral of ihe amount. Income tax recoverable in relation to donaiions ieceived under Grft ANJ or deeds ol covenant is recognised at the ttme ol the ¢Jonab"on. Legacies are reco9nised ￿ ieceipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and ￿CeIpt is expected. If the amounl is not known. the legacy is treated as a ¢ontingenl asset. 1.5 Resources expended Expenditure is charge¢J in the accounts at the tiffle when the church incurs a liability to make payment. CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) 1.6 Tangible fixed assets Tengible fixed assets are inrtkally measured al cost a￿1 subsequenty measured at cost or valuation. net ol depreciation any impairment k)sses. Depreciats"on is recognised so as to wrile off the cosl of ￿l￿alK)n of assets less Iheir residual values over their useful lives on Ihe following bases- Property improverrenls Fixtuies and fiNings Computers 4% p.a. on ￿st 1010 p.a. on cosl 25% p.a. on cost The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value ol the asset. and is recognised in the stalemenl Df financial activities. 1.7 Investment properties Investment property. which is property held to eam renta15 and1￿ for capital appreciatK>n, is inilially recognised al cost, which indudes the purchase cosl arTrd any directty attributable expenditure. Subsequently rt is measured al lair value at the reporting end dale. The surtAus or deficit on revaluation is recognised in profit or loss. 1.8 Fixed asset investments Fixed asset investrnents arè inrtially measured at transaction price excludin9 transaction costs. and 8re subsequenuy rneÈSu￿d at fair value at each rerx)rling date. Changes in fair value ale iecognisers In net inwm8118xpanditurel for the year. TransactK)n costs are expensed as incurr811. 1.9 Impairment of fixed a55ets At Èach retx)rting end date, the charrty ￿vIewS the carrying amounts of its tangible assets to determine whether there Is any indicatK)n thal those assets have suffered an impairment loss. If any such indication éxists, the recoverable amount of the asset is esb"mated in order to delemine the extent of ihe impairment loss lil anyl. 1.10 Stocks Stocks are stated at the lthver of cost and estimateol selliThJ price less costs to complete and sell. Cost comprises direct materials and, where applicable. direct labour cosls and those Dverheads that have been incurred in bringin9 the stocks to their p￿sent location and condibon. Items hdd for distribution at no or nominal considerab'on are mea5ure(J the lower of ￿pJa¢ement cosl ar)d cost. Net realisable value is the estimated sdliThJ price less ￿1 ests'maled costs ol completion and costs to be incurred in marketing. selling and distribLrtion. 1.11 Cash and cash equivalents Cash and cash equivalents include cash in hand. deF¥)Sits held at call with banks, other 5hort-tErm liquid investments W4th original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in cuffent liabilities. CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountin9 policles (Continued) 1.12 Financial instruments The charrty has èleGied to aP￿Y the provi5ion5 01 Section 11 '8asic Financial Inslfutnents. arKI sprb.on 12 'Other Financial Instruments Issues. of FRS 102 to all of ils financial instruments. Financial instmments are ￿¢ogniSed in the charivs balance sheet when the charity becomes party to the contractLtal pfovisions of the in5trufflpnt. Financial assets and liabilities are offsèt, w.rth the net amounts Pfesenled in the financial statements, when there is a legally enforceable righl to set olf the recognised affw)unts and there is an intention to settle on a net basis or to reali5e the asset and setue the liabilrty simultaneously. Basic financral assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at Ir8rn5a¢tion wice including transaclk)n costs and are subsequenlly (3rried at amortised cost using the effective intefest rTEthod unles5 the arrangement constituies a financing transaction, where the transaction is measured at the present value of the fvlure receipts discounted al a market rale ol interest. Financial assets classified as r8ceivable within one year are not arnorlise(l. 8asic financial liabililies Basic financial liabilib"es, induding ¢JedsiofS and bank loans a￿ inslially recognised at transacliDn price unless the arrangemenl conslitutes a financing Iransacipon. where the debl instrument is measured at the present value of the ful￿re paymenls discounted at a market rate of interest. Financial liabilities classified as payaNe within ontr ye¥r ale not amortised. Dtrbt instruments are svbsequenuy carried al arrortised wsl. usir¥J effective Inte￿51 rale method. Tra¢Je creditors are obligatior55 to pay lor goods or strrvices that have been acquired in the ordinary course of operations from suppliers. Amounts paYal￿e are classified as current liabilities rf payment is due within one year or less. 11 not, they are p￿sented as n0￿Current liabilits"es. Trade creditors are recognised initially al transaction price subsequenuy ff*asured at amoriised cosl using the effectswe interest method. Derecognition orfinan¢i471 liabiliti•s Financial liabilibes are dereoognised when the ¢harity'S conira(Xual oblKJab"ons expire or are discharg8d or cancelled. 1.13 Retirement benefits PaY￿entS lo defined contribution retirement benefit scherrEs are charged as an expense as they fall due. Critical accounting estimat85 and judgements In Ihe application of the charws accounting polrues, the trustees are ￿quired to make judgements, estimates and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other sources. The eslirnates and associated assumptions ale based on historical experience and other factors that are considered lo be relevant_ Actual fesults may differ from ihese esb'males. The estsmales and Unde￿ing assumptions a￿ reviewe(l on an ongoing basis. Revisions to accounting estirnales are recognised in the peri(xJ rn which the estTmale is ￿ViSed where the revision affects oftly that peciod, or in the peiiod ol the revision and future periods where the revision affects both current and future periods. 10- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donations and legacies UnTrstricte(l Restricted funds funds Total Unieslricted lunds Restricted funds Total 2022 2022 2022 2021 2021 2021 Donations and gifts Grant income 248.791 57.5tt3 13.020 306.294 13.020 254.464 75.356 3,500 329,820 3,500 248.791 70.523 319.314 254.464 78.856 333.320 Charitable activities Income fromlncome from hurch church activities actlVLtie5 2022 2021 Sales wilhin charilable actiwtie5 Other income 218 3,036 2,669 3,254 2,669 Investments Unrestricted Restricted funds funds Total Unrestricted funds Restricted funds Total 2022 2022 2022 2021 2021 2021 Rental income Oividen¢J income Interest reThvable 79.235 1.919 1.497 79.235 1.919 1.499 77.168 735 77.168 735 60 16 82.651 82.653 77,947 16 77,963 11 CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activitie5 Church activities 2022 Church activities 2021 Staff costs Direct church activities Staft housirwJ and recruitmènt 137,252 52,234 5.792 110,368 61,613 5,032 195.278 177.013 Grant fvnding of activities Isee rKJte 71 44,083 60,854 Share of support cosls (see note 61 Share of governance ¢osts (see note 8) 126.029 1,669 128,847 1,609 367,059 368,323 Analy515 by fund Unrestricted funds Restricted fvnds 311,188 55.871 316,173 52,150 367,059 368,323 Grants payable Church activities 2022 Church activities 2021 Grants to inslrtutions.. chrisb.an work 30.039 33,154 Grants to individuals 14.044 27,700 44.083 60.854 12 CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Support Governance costs costs 2022 Suppgrt Governance costs costs 2021 Staff costs Depreciation Prgmises expenses Adminisliation expenses 37.784 34,357 42.982 10,906 37,784 34.357 42,982 tO.9C 36.046 33.534 48.014 11.253 36,046 33,534 48,014 11,253 Accountancy Other govemance costs 1.656 13 1.656 13 1,596 13 1,596 13 126.029 1.669 127,698 128,847 130.456 Analysed between CharitaNe activrtfvs I26,￿29 1.669 127.698 128.847 130,456 Governance wsts includes payments lo the irKlependenl examiner gf £1.65612021- £1.5961 for indgpendenl ex8minats.on and accoijntsncy fees. Trust•*s None ol the truslees lor any persons connected with tr*ml recewed any remuneration or reimbursement of expenses during the year. 10 Employees Number of employee5 The average TTh)nthly number of empbyees during the year was-. 2022 Number 2021 Number Ministry activitie5 Administration Ernpltsyment costs 2Q22 2021 Wages and salaries Social s8Gurity wsts Other pension costs 152,925 9.781 12.330 127,786 7.270 11,358 175,036 146,414 There were no employees whose annual remuneratim was £60.￿ or more. 13- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Net gainsll105s•sI on investmer Unrestricted Unreslricled funds funds 2022 2021 Revaluation of investrnent5 Revaluation of investment propert*s 14.799 23,675 107.668 14.799 131,343 12 Tangible fixed assets Property Fixlures and improvements Computers Total Cost At 1 April 2021 Ad(Jitions Disposals 684.542 72.652 6,388 67,864 8.056 11,880} 825,058 14.444 11,8801 At 31 March 2022 684.542 79.040 74,040 837,622 Depreciatton and impairnient At 1 April 2021 Depreciation charged in the year Eliminated in Yespeet of disposa15 587,757 22.699 51,652 3,478 52,837 8.180 11,8801 692,246 34.357 11,8801 At 31 March 2022 610,456 S5,130 59,137 724,723 Carrying arnount At 31 March 2022 74.086 23.910 14.903 112,899 At 31 March 2021 96.785 21.000 15.027 132.812 The church's piimary prop8rty {121 Drumfflon¢J Road SE16, wh￿h is held in trusl on the churGh's behalf by London Baptist Propèrty Btsardl has rx) value in freehold property as it was c¢nstructed in 1865 and h85 been lully ¢J8precrdt8d. The woperty irnprov8rnents represent the costs of improvefflgnts to this property since 1988. 13 Flxed asset investmtnts 14- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2022 13 Flxed asset investments {Continuedl Quoted Programme other investment investments investments Total Cos¢ or valuation At 1 April 2021 Additions Valuation changes 121.104 1.919 5.086 1.535,300 359.737 2.016,141 1,919 14,799 9.713 At 31 March 2022 128.109 1.535.300 369,450 2.032,859 arrying amount At 31 March 2022 128,109 1.535,300 369,450 2.032.859 At 31 March 2021 121,104 1,535.300 359,737 2,016,141 2022 2021 Othei inveslments comprise.. Loans 369.450 359,737 Market values of inveslrnent properties are determinÈ(I by thè trustees, takiny into account movement5 in the prices of Similar properbes in thg same area. 14 Stocks 2022 2021 Finished goods arbd gocK15 for resale 900 15 Deb¢ors 2022 2021 Amount5 falling due Y￿thin one year= Other debtots Prepayments and accrued income 7.819 10.476 5.025 3.129 18.295 8,1 S4 15- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Creditors= amounts falling due withln onè year 2022 2021 Other creditors Accruals and deferred income 850 4,644 4,646 5,494 4.646 17 Endowment funds Endowment fvnd5 represent assets which must be hekl peimanently by the chanty. Incomè arbsing on the endowment funds can be used in accordance with the obj.ects of the charity and is induded as unrestricted incorre. Any capital gains or losse5 arising on the assets form parl of the fund. Movement in funds In¢oming ResoU￿e$ Balance at 31 resources expended Mar¢h 2022 8alan¢e at 1 April 2021 Permanent endowments Ffeehold Pfoperty fund 666.000 666.000 666,000 The perman8nt endowment afose from the Sale ol a chapel and may be used in the provision ctf Ireehold property to be used in the lurtherance of the church's tsbjects. Any such property represents permanent endowment Of the Gharity. The lund c8D be used In meeting the proper costs of administering the charity and of rnanaging th8 a55ets after any other charity income has been used. After meeting Ihose costs the fund musl be used in lurtheran¢& ofthè objeds of the charily. 16- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUEDI FOR THE YEAR ENDED 31 MARCH 202Z 18 R•strict•dfund¥ hlD¥•mDnt intsnd ¥ov*n*ntiA fuDds l A￿11021 exwdtd 31 2022 InternaoDnal work 31.1 (FJKI -26.91S 1D,g)2 12.913 19,1901 113.6321 17.¥951 28,327 COV￿ supp(wt Youth wother 2B.224 2.692 20.229 10.( (7))81 112.3421 24.64B 31.829 78￿72 152,1 $51 70.S25 73.205 19 Afftaty$l$¢fn•iass•ts b•th•n To￿1 fund5 Jnd fur 2D22 22 2021 Fund babn¢es at31 ZOU¥ereWe5￿ied Tangib￿ assets InvesimenL% CL¥iertasseW(Satykrwl 11Z.89) 1.X6.859 112.È99 132,812 86E.￿ 2.IY32.859 1,350.141 365.855 237,494 66,(NJO 2,016,141 296,045 58.SS1 1.T12.44 n20S 666.(th 2.S11.6S3 1.720.447 5B.551 566.orx) 2.444.998 17- CITY HOPE CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Related party transactions There wert m di5dtssable related party tiansactrons during the year (2021 - mne). 18-