2020-12-31-accounts - Hope Church, Ipswich

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			Page
Trustees' report			1-2
Independent	examiner's	report
Statement of	financial activities
Balance sheet			5-6
Notes to the financial statements			7-14

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
		Notes	6		6		6	6
Income and endowments		from:
Donations and	legacies		391,232	442,278	833,510	361,965	360,962	722,927
Other trading	activities			50	50	2,528	6,441	8,969
investments			606		606	1,088		1,088
Other income			65,733		65,733	5,780		5,780
Totalincome			457,571	442,328	899,899	371,361	367,403	738,764
~ECh
Raising funds		7	368,549	530,386	898,935	379,529	209,207	588,736
Total resources expended			368,549	530,386	898,935	379,529	209,207	588,736
Net incoming/(outgoing)
resources before
transfers			89,022	(88,058)	964	(8,168)	158,196	150,028
Gross transfers	between
funds			(64,813)	64,813		(87,031)	87,031
Net income/(expenditure)		for
the year/
Net movement	in funds		24,209	(23,245)	964	(95,199)	245,227	150,028
Fund balances	at 1
January 2020			598,600	332,975	931,575	693,800	87,747	781,547
Fund balances	at 31
December 2020			622,809	309,730	932,539	598,601	332,974	931,575

			2020		2019
		Notes			6
Fixed assets
Tangible assets		10		1,302,257		1,072,684
Current assets
Debtors			16,561		20,352
Cash at bank and in	hand		618,252		401,846
			634,813		422,198
Creditors: amounts	falling due within one
year		13	(200,154)		(21,307)
Net current assets				434,659		400,891
Total assets less current liabilities				1,736,916		1,473,575
Creditors: amounts	falling due after more
than one year		14		(804,377)		(542,000)
Net assets				932,539		931,575
Income funds
Restricted funds				309,730		332,974
Unrestricted funds				622,809		598,601
				932,539		931,575

		Restricted	Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2019	2019	2019
		E	E	E	E
	Other events income	50	2,528	6,441	8,969
5	Investments

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		E	E
Net gain on disposal oftangible	fixed assets	63,201
Rental income		2,532	5,780
		65,733	5,780

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
			E	E	E	E	E	E
Fundraisin	and	ublicit
Staging fundraising Staff costs		events	1,602 164,479	9,387	10,989 164,479	4,303 179,463	18,572	22,875 179,463
Depreciation and impairment Support costs			29,264 173,204	520,999	29,264 694,203	35,375 160,388	190,635	35,375 351,023
Fundraising	and publicity		368,549	530,386	898,935	379,529	209,207	588,736
			368,549	530,386	898,935	379,529	209,207	588,736

Tangible fixed assets
		Freehold land	Furniture	&Music	Group &	Total
		and buildings	Equipment		PA
		6		6	6
Cost
At 1January 2020 Additions		1,185,244 500,000	14,357		14,674 2,637	1,214,275 502,637
Disposals		(325,244)				(325,244)
At 31December 2020		1,360,000	14,357		17,311	1,391,668
Depreciation and impairment At 1January 2020 Depreciation charged in the year		115,928 25,800	13,632 316		12,031 1,083	141,591 27,199
Eliminated in respect of disposals		(79,379)				(79,379)
At 31December 2020		62,349	13,948		13,114	89,411
Carrying amount At 31December 2020		1,297,651		409	4,197	1,302,257
At 31December 2019		1,069,315		725	2,644	1,072,684
The carrying value of land included	in land and buildings	comprises:			2020	2019
					6	6
Freehold						50,000

Debtors
		2020	2019
Amounts falling due within one year:		6	6
1rade debtors		35	4,763
Other debtors		5,424	2,961
Prepayments	and accrued income	11,102	12,628
		16,561	20,352

12	Loans and overdrafts
					2020	2019
					E	E
	Bankloans				898,057	542,000
	Payable within one year				93,680
	Payable after one year				804,377	542,000
13	Creditors: amounts	falling due within one year
					2020	2019
				Notes	E	E
	Bankloans			12	93,680
	Trade creditors				76,768	6,231
	Other creditors				23,475	9,072
	Accruals and deferred		income		6,231	6,004
					200,154	21,307
14	Creditors: amounts	falling due after more than one year
					2020	2019
				Notes	E	E
	Bankloans			12	804,377	542,000

Analysis of net assets between funds Unrestricted funds 2020 6	Analysis of net assets between funds Unrestricted funds 2020 6	Total	Unrestricted funds 2019 6	Total 2019 6
Fund balances at 31
December 2020 are
represented by: Tangible assets Current assets/(liabilities) Long term liabilities	1,302,257 434,659 (804,377)	1,302,257 434,659 (804,377)	1,072,684 400,891 (542,000)	1,072,684 400,891 (542,000)
	932,539	932,539	931,575	931,575