CharityfeÉi5tration number 1137936
Company rt8lstration numbe* 07333161 (England and Wales)
HOPE CHURCH IPSWICH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

HOPE CHURCH IPSWICH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr IC Little
Mr AL Souih
Mrs D Cordle
Mr O Sansom
Mr5 C 83rlow
(Appointed 12 June 20231
Charlty number
1137936
Cornpany nurnber
07333161
Prlnclp)l address
The Hope Centre
10 St Mai8acet's Sifeei
Ipswich
Suffolk
IP4 2AT
Reilstered oftl
The Hope Centre
10 St MarBaret's Sifeei
Ipswich
Suffolk
IP4 IAT
Independent exam5ner
Staines and Co
235 Foxhall R¢Md
Ipswich
Suffoll
IP3 8LF

HOPE CHURCH IPSWICH
CONTENTS
Pa8e
Trustees, repori
Independent exarniner'5 report
siaternent of finèncial acti￿11*$
Balance sheet
Noie5 to the linancial statements
7-14

HOPE CHURCH IPSWICH
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees presÈni their annual rèport and Iinantial staiements for the year ended 31 December 2023.
The financial staterrsents ha¥e been Pfepared in accordance with the accountin8 policies set oul in note I to the financial
statements and comply wilb the £harity'5 ArtIc￿S of Association. the Compènies Act 20D6 and "Accounting and fl@porting by
Charities.. 5t3tem¢nt of Recommended Practice applicable to charities preparing their accounts in ai<ordance with the
Finbncial Rep¢rtiriÉ Standard appliiable In the VK and Republit of I￿10nd IFRS 1021" las amended for accounting periods
comrnenrin8 from l January 20161
Objectives and activittes
The Charity's objectives are for the public benefit and are resrricted io the followin8-
11 To advance Ihe Chr15tian failh in accordance wilh the Staiement of Beliefs in such par15 of Ipswiih. the ljnited Kingdorn or
the world as the Trustees may from time to time Think fil and fulfil Such oiher purposes which are exclusively charitable
ccording to the Law of England & Wales and ale connerted with the charitable work of the charity..
21 To relieve persons who are ID condition5 of need. financial hardship Dr si(kne55 and who may be aged and ro relieve the
distress Caused thereby In ihe said location and In such other part5 of ihe United Kin8dom or the world as the Trustees may
from lime io time think Ill.,
31 To advance education on rhe basis ol Christian principles in the 5ald kncaiion and IA such other parts of the Uniied Kingdom
Of the world ès the Tiustees may from time to time think fit..
41 To providè or 4ssis¢ in ihe provision of lacilitie5 in the iniere$ts of sotial wellare for reCreat￿n or other leisure time
occupation of individuals who have need of such la<iliites by weason of their youth, age. infirmiiy or disability, financial
h8rdship or social ciicumstances with the object ol irnprown8 Iheir condiiions of life.
Public benejit
The trustee5 ha￿ paid duè to Éuidante issued by the Charity C¢mrntssiofi in de£￿Ing what a<iiYities rhe ch3ritV should
undefièke.
Flnanclal revlew
17pserves policy
11 Is the polity of ihe charity thèt unrestiicted funds which have not been designèted for a specifi¢ usè should be rnainlained al
level equivolenl lo three rnonrh'5 expen(Ji¢ure. The trusiees considers that reserves at tht5 level will enSUTe that, in ihe event
of a significant drop in lundin8. Ihey will be able to continue the charity s cuffenl artiviiies while consideration is Riwen to wèys
in which additional funds rnay be raised. This level ol reseive5 has been mainiained thiou8hovi the year.
Mojoi risks
The tru51ees have a55e55ed Ihe rnajor iisks io which the chariry is exposed. and are satisfied that 5¥5terns are in place to
niiiiÉale exposure io rhe major r15ks.
Structurei 8overnan£e and management
The ckiaritv Is a iownpafjy limited by guarantee and ¢onsequentty does nol have shaTe Capital. Eaih of the tru5tee$ 15 liBble lo
Ontr￿bUIe an amount not exceeding £1 iowards the asset5 01 ihe charity In the event of liquidaiion.

HOPE CHURCH IPSWICH
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR EAIDED 31 DECEMBER 2023
rh@ trustees. whts are also the directors lor the purpose of company13w, and who served during the yeèw and up to the date
of 51Enature of the financial staiements WéTe-
Mf AL South
hAr B Acfield
Mrs U Cofdle
Mr D San50m
Mis C Bar5ow
(Resigned l April 20231
(Appointed 12 Jvne 20231
Recruitment ond oppoiniment ol tiustpe5
None of the trustees has any beneficial intere51 in the company. All of the tftsStees are members of the Company an
guarantee to contribute £1 in the eveni ol a windin8 UP
The company's current policy concerning the payment of trade ¢ieditors Is to follow the C81's Prornpl Payer5 Code (copies are
available from the C81. Centre Point. 103 New Oxftsrd Street. London WCIA IDUI.
The company's current policy concerning ihe payment off irnde <teditor5 is to-
settle the ierms of payment with supplier5 when a8reein8 the te¥rns of each transaciion.,
ensure that 5upplier5 are made aware of the terms of paymeni by Inclusion of the relevant terms In contratts.. and
pay in accordance with the company's contractU31 and other legal oblsgations.
The trusttes, report was approved by the Board ol Trts5tees.
Trustee
26 March 2024

HOPE CHURCH IPSWICH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOPE CHURCH IPSWICH
I repoit to the trustees on my e*amination ol the financial staternents of Nope Church Ipswich Iihe charity) for rhe year ended
31 December 2023.
Responslbllitles and basls ol report
As the trustees of Ihe charity land also its direttors lor the purposes of company lawl you are responsible for the preparaiion
of the financial sratÈments In attordance with the req￿hrernent5 of the Companies Aci 2¢X16 Ithe 2006 Actl.
Having satisfied myself ihai the financial statements of the charity are not required to be audited vnder Part 16 of the 2006
Aci and are eligible for Independeni exam1naiion. I report in resperi of ry exarnination of ihe charitv's financial staternents
carried oul un(Jer section 145 ot the ChaTlties Act 2011 Iihe 2011 Acil. In carrwng out my exèminatiofi I havè followed 311 the
ppltcable Directions 8iven by the Charity Commission under section 14515llbl of the 2011 Act
Independent Èxarnlfiei'$ statement
Since the charity s gross Incorne exceeded £250.CO) ￿ur emarniner musi be a mernber of 3 body listed in section 145 of the
2011 Att. I confirrn that l èrn qualified to undertake the ekamtnatton becatsse l am a member of IENTER IN DATABASE cy10151,
which is one of rhe listed bodies.
I have completed my exarnination. I conlirm that no rnoiiers come to rry attention in connection with the examination
ivins me cause to believe that in any material respect.
accounting records were not kept In respeci of the charit¥ a5 required by section 386 of ihe 2tyJ6 Act,. or
the linancial statements do noi accord with those ietords.. or
the f*nancial statements do not comply with the èc¢ovntin8 iequirements of section 396 of the 2006 Act other than anv
requiremeni that the accounis give a Irye and fair viev4 which is not a matter considered 35 pèn ol an indepÈnd@rit
Èxèmination.. oi
Ihe financial statements haw not been pfepareo In accordance wilh the methods and principle5 of the Statement Of
Retommended Proctice for accounliTr8 and repoitin8 by Iharilies applicable io charities piepaiing Iheli accouiit5 in
¢¢ordance wirh Ihe Financial Reporlin8 Standard applicable In Ihe UK and Rewblic ol Ireland IFRS 1021.
have no concer
and have come a£ros5 no Oihei mèiiers In tonThec110n with ihe examinaiion to which atlention should be
drawn in this
port ¢n order to enable a proper understandiTrg of the financial s¢aternenis to be reached.
aines and Co
235 Foxhall Road
Ipswich
Suffolk
IP3 8LF
Dai*d.. 27 March 2024

HOPE CHURCH IPSWICH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR EAIDED 31 DECEMBER 2023
Unrestrified
funds
2023
R¢51rirted
Totar
Unre5tilrted
funds
2022
Restricted
lunds
2022
Total
2023
Notes
2023
2022
Incorne and endowments Irom:
Donations and le8ècies
Investrnenrs
Other incorne
604,623
2.251
20.569
2S5.(1)9
859.632
2,25]
20,569
509.936
18
9,919
175,258
685.194
18
9.919
Total Income
627.443
25S.C#]9
882,452
519,873
175.258
695.131
Ejtpendlture on:
R3isln8 fund5
726.791
177.689
9(M,480
530.S84
121.919
652,503
Total èxpendlture
726,791
177.689
,480
530.584
121,919
652.503
Net In¢ome/lexpendlturel
199,3481
77.320
122,0281
sa,339
42,628
Transfeis between funds
45.330
1415.3301
10,995
110,9951
Net movement In funds
154,0181
31.990
122.0281
284
42,344
42,628
RKonclllatlon of funds..
Fvnrj balance5 èt l January 2023
887.234
55,561
942.795
886,950
13.217
9CX),167
Fund b•lances at 31 Decembe
2023
833.216
87.551
920,767
887.234
55,S61
942,795
rhe statement ol financial activities includes all 8ains and 10$5es recognised In the year. All I￿orne and expenditure derive
from continuing aCti￿tieS.

HOPE CHURCH IPSWICH
BALANCE SHEET
A5 AT 31 DECEMBER 2023
2023
1022
Notes
Fixed 355ets
Taneible èssels
Current 3Sset$
li
1.875,343
1,997.241
Debttsrs
Cosh at bank and in hènd
12
46.997
158,524
J8,636
110.622
205,521
129.2S8
Credltors: amouffls fallini dut wiihln one
year
1180,1531
1162,8671
14
25.368
133,6091
Tot•1 •ssets les5 current Ilabilltl¢s
1.900,711
1.963,632
Creditors.. amounts lalliDE due after more
th8n one yeèi
15
1979.9441
11,020.8371
920.767
942,795
asset5
Income funds
Restricted funds
Unfesiritted funds
16
87.551
833,216
55,561
887,234
920,767
942,795

HOPE CHURCH IPSWICH
BALANCE SHEET ICONTINUEDI
AS A T31 DECEMBER 2023
The cornpany is entitled to the exempiion Irom the audit reqvifemeni contained in section 477 of the Cotnpanies Aci 2006.
lor the year ended 31 December 2023.
The direciDrs ètknowledEe their responsibililiés for cornplyin% with the requirements of the Companies Act 2CK)6 with respect
10 accounting reco¥ds and the pieparation ol financtal statements.
The members have not requi¥ed the CoM￿nY lo oblain an audlt ol its finanelal st3lements foi the year in quesrion in
accordance with section 476.
These financial siatements have been prepared in auordance with the provision5 applicable to cornpènies sublect to the
small compènies re8ime.
The finan
151atements were approved by ihe Trustees on 26 March 2024
Trustee
Camp•ny Reilstrati•n No. 07333161

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting polleles
Charity intormation
Hope Chuf¢h Ipswich 15 3 p¥iwate ctsmpèny lirniipd by 8vaf3nteé incorporated in En8land and Wale5. The registered
office is The Hope Centie, 10 St hAar8arer'5 Sireet. Ipswich. Suffolk. IP4 2AT.
1.1 Atcountlng convention
The financial staiemenis have been pièpared sn accordance with ihe charitils constiturion, the Companies Act 2006,
FAS 102 "The Finaniial Rèpoiling Standard appliiable in the UK and Republic of Irtrlènd" I-FRS 102~1 and Ihe Charit￿e$
SORP 'Accountin8 and Reporting by Char%lies-. StaterneTht of Recommended Prac¢ice applitablo to chariries preparin8
Iheir accounts in èc£ordance wilh the Financial Reportin8 Siandard appltcèble In the UK and Republic of Ireland IFRS
1021" (effective l January 20191. The chariiv is 3 Public Benefit Enviiy a5 defined by FR5 102.
The ch3rity has taken ad¥anta8e of the pTLMslons in the SORP lor charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in 51tflin& which Is the functional ¢vrrency of the chaiity. Monetary amounts In
Ihese financial sialement5 are rounded to ihe #earesi £.
The financial siatemenis have been prepared under the hisiorical cosi conwentiory. modified io Include the Tevaluation
of freehold properties and to include investmeni properties ahd certain l¢narscial insiruments at fair value. The principal
3¢counling policies adopted afe set out below.
1.2 Golng concern
At th@ lime ol approvin¥ the financial siaternent5. Ihe trustees have a reasonible expettatlon that the charity has
adequaie resources 10 cOnl￿nUt In 0￿ratiOnal exisience for thtr loieseeèble future. Ihu5 the trustees continue to adopt
the 80in8 ioncern basis of accouniiD8 in preparing ihe financial statemenis.
1.3 Charltable Ivnds
Uryrestiicted lunds are av341able lor use at the discretion of the Irusiees In futtherance ol Iheir eharitable objectives.
Restricted lund5 ore svbiect io specilic £onditlOn5 by donors or graniors 35 io how ihey may be used The purposes and
uses of the restricted tunds are sei out in the nores io the financial staiemenis.
Endowment Ivnds are subje£1 to speeilic Condit￿n$ by éonurs thèi the t3pital must be maintained by the charitv.
1.4 In¢ome
Income Is reiognised when ihe chaiily is legally eDtitleé io li afier an¥ perlormènce £ondition5 have been met, the
amgunts can be measured feliably. and li is probable thbt iniome will be received
Cash dtrnations ale ieco8nised on receipt Olher don3lion5 ale reco8nised once the charity ha5 been notified of ihe
donation. unless performance condition5 reqvire deferi31 of ihe arnO￿nt. Income tax recoverable in relation io
donations received vnder Gift Aid or deeds of ¢o¥enant is recognised at the tirne of the donation.
Legacies are fecogni5e¢J receipt or otheTW15e *1 the rharily has been notilied ol an impendsn2 distribution, thè
?rnount is known. and receipt 15 expetted If the amount is ntst known. Ihe le8acy is tiealed 35 a £ontinRent asset.

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
ouniin8 pollrles
ICont4nuedl
1.5 Expefjditur
E¥penditure Is recognised once ihere is a le8al or (onstructive obli8ation io transler economic benefit to a third party. il
is probable that a transfer ol economic berTrefilS will be ieouired in 5ettlérnent. and the amount of the obllÈation can be
measurÈd relièblv.
Expenditure 15 dassified by activity. The c¢)sts of each activity ale made up of the t¢ièl of direct cost5 and shared cosis,
including sUPPOrt costs involvÈd in undertakin& each èctivity Direct C0515 attribuTable to a single activity are èllocated
directly 10 that activity. Shared cost5 whKh ioniribuie io rnore than one activity and support cost5 which are not
aiiribuièble to è sin8le activily are apportioned between those activities on a basi5 con51Stent with the use of resources.
Central staff cost5 are allocated on the basis of iirne spenl, and depretiation char8es a￿ allocated on the portion ol the
asset's use.
1.6 Tan8lble lixed assets
Tangible liwed a$5eis are tniiially measured ai cost and subsequently me•sufed it cost or valuation. net of depretiaiion
and any impairrneTrr losses.
Depreciation is recogni5ed $0 as to write olf the (ost or valuation of assets It55 their residual values over their useful
lives on the followin6 bases..
Freehold land and buildin8S
Furniture & Equipment
Music Group & PA
3% stratr8ht line on buildiTh8s only
25% strailhi linè
25% strii8hi Ilne
Freehold land is not depreciated.
The gain or loss arisin8 on the disposal of arb ass￿ is deiÈrmit)ed Is Ihe dilferon¢e between the sale proceeds and tho
cairyinB value ol the asset, and is recognised in the statement of finaniial aclivities.
1.7 Imp•lrment olfixed assets
At each reporting end dale. Ihe ¢harily reviews the carryin8 amounts of its tangible assets to determtne whethet there
s any indication that those assets have svffÈred 3n impairrNent Ioss li any such Indication exists, the recoverable
amount of the asset 15 estirnttted rn ordei to determine the ex¢eni of the impairment loss lif anvl.
1.8 C*sh and ¢ash e4uivalents
Cash 3nd cash eouivalenis Inilude cash ITr han¢J. deposirs held at call ￿th banks. other short-term liquid inve51rnents
with original rnaturities ol ihree months or le55, and bank ¢>verdrafts. Bank overdralts afe shown within borrowin85 I
1.9 Flnan<ial Instiuments
The charity has eleiied to apply rhe prov1510ns of Section 11 'Basic Finarbcial Inslfuments, and Seciion J2 '0ther
financial In5trumÈnls Issues. ol FRS 102 to èll ol Ils linancièl instrurnents.
Financial instruments are recognised In the thariiy's balince sheet whon the charily becomes party to the contractual
provisions of ihe instrument
Financièr asseis and liabilitie5 èro 0tt5ei. with the net amounts presented in rhe Iinancial statement5. whÈn therè is a
leEally enforceable right to sei olf the recognised amounts and theTe Is èn iniention io setlle on è net basis or to realise
the a55et and Settle the liability 51multaneous'v.

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Arcountini policies
Icontlnuedl
8oslclinanclolossets
Basic fin3ntiÈl assets. whKh Include debtors and cash and bank balances, are initially measured at tran54Ction price
including transaction costs and are subsequently tarTied ai amortisÈd tost using the eflec14ve interest rnethod unless
the arrangernent con5titute5 a financin8 transattion. where the traTh5aCtion Is measured at ihe present Value of the
future receipts d15counied ar a rn3rkei rate ol inleresl Fifiancial 3ssets cIH55ilied a5 Teceivable within one year are nol
mortised.
Bgsklinonrlol liobllltl¢s
8•sic financial Iiabilitie5. Iniludinz cieditors and bank loans are initially retO8nised at tiansèciion price unless the
arfangemeni constllutes a finaniing tfansaltion. where the debl instrument is measured ai the present value of the
future payrneTriS disiounied at a market faie 01 Inierest. FI￿n(la1 li3biliiies classified as pèyable within one year are not
amort15ed.
Debt insirumenis are s￿bseQuentIY Cafried at amortised cosi, using the effective interest rate method.
Trade creditors are obli8aiions to pay lor 8oods or serwces ¢har have been acquired in the ordinary course ol operations
from suppliers. Amounis payable are cla55ilied as currefit Ivdbilities If payrnÈnt 15 due within one year Of less. If Dot, Ihey
are presented •& n0n-£urrent liabilitiès. Trade creditors are recognised Initièlly at iransaciion price ané Subsequently
measured at amOrt￿$￿￿ ¢ost usin8 thè effettivÈ snieresi method.
Dere¢o9nltion ofAlnon¢l•l 11obllltles
Financial liabilities are dereto8n15ed whtn the charitws conrractual obliÉatitsns expire ¢1 ère dis¢h•fBed or cancelled.
1.10 Ernployeè benefit5
The co51 Of any unu5e(J holiday eniitlemeni is retQ8nise¢ in ihe pefiod in which the ernployee'9 services are received.
Tefrninètion beneliis are reco8ni5ed immediaiely as an expense when the charily is tlernonstrably tommitted to
terminate the employment of an employee oi io provide ierrninaiion benefits.
Critl<¥l •¢¢QUniini estimates and lud8emenis
In ihe applicaiion of the ¢harity'5 è¢tounlin8 policies. ihe tfUStees èle vÈquired to make judgèments, Eslimates Ind
Ssurnpiions about the carrying arnouni of assets ar*d liabililies thai are not readily apphrefjl from Other sources The
estimates and associated assumptM)ns afe based on historical expeiience and oiher facioF5 Ihai are £on51dered to be
relevant. Artual results mty diffef liom these estimates.
The estimates and underlwn& 355UrnPtions are reviewed on In ongtiin8 basis. Revisions io accountine esiimaies are
recognised in the period in which rhe estirnate is revised where ihe revision affect5 only that period, or in the period of
the revision and fUl￿re periods where ihe iewswn affeLis boih cufient and future peiiods.

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Dtsnatiorts and le8acSt5
Unre5trlcted
fufids
Resiri¢ted
fund5
Total UnTesiricred
lunds
Restritied
fund5
Total
1023
2023
2013
2022
2022
2022
Donations and Èifts
Grant5 receivable
Gift aid reclaimed
496.547
224.970
340
29.699
721,517
1,340
136.775
425.151
140.911
12,000
22,347
566.062
J2,000
107,132
107,076
84,785
604.623
255.LMJ9
859.632
509,936
175,258
685.194
In¢ome from In¥*5trnen¢s
Unresirlcted
fund5
2023
Unrestricted
luThds
20Z2
Inieresi receivable
2.251
18
Other In¢ome
Unrtstrlrted
funds
2013
Unrestrlrted
fund5
2022
Renlal income
20,569
9,919
10

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3] DECEMBER 2023
E¥penditure on raising fund5
Unréstrirted
funds
Restrl¢ted
lunds
Totsl
Unrestricted
funds
Restricted
funds
Total
2023
2023
2023
2021
2022
2022
Fundraising and publlcitv
5laEing lundiaisinÉ events
staff costs
Depreciation and
impaiirneAt
Support iosts
4.295
28S,78S
4.295
285,785
3,34S
191.405
3.345
191,40S
101,219
335.492
101.219
513,181
I￿,336
235,498
100,336
357,417
J77,689
121,919
726.791
177,689
904.480
930,584
121,919
652,503
Net movement In funds
2023
2022
The net rnovemeni in futhd5 IS 51ated after char8in8llcredilin81..
Deprec13tion ol owned t3n8ible fixed asseis
101.219
100,336
Tru$t¢es
None of Ihe trvstees lor persons connected with them) ieceived any remunerèiion Of benelits from the charitv
during Ihe year.
Employe05
The a¥erage monihly number of employee5 dunn8 the Year was-.
2023
Number
2022
Number
15
Employment costs
2023
2022
Wages and salaries
Sotial 5ecu¥ity C05t5
269,136
16,649
180,944
10.461
285,785
191.409
There were no Èmployees whose annual remuneration w35 more ihèn £60.LKKI.

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
io
TaMa¢ion
The charity is exempt frorn taxation on its activities because all its income is applied for charitable purposes.
li
TahKible IlYd asset5
Fi••hold l•nd
•nd bull¢Jing¥
Furniture &Musl¢ Group &
Equlpment
PA
Total
Cost
Al l Januaiy 2023
Addition5
Dlsposals
2.060.(￿0
161.252
1,357
15451
24,494
1,299
11,4481
2,245.746
2.656
125.3281
123,3351
At 31 Decembei 2023
2.036,665
162,064
24,345
2,223,074
Oepreclatlon •nd Imp•Srmeni
Al l January 2023
Depreciation chèf8èd in the year
Elirninateé in rt5peci ol disposals
164,949
61.LQO
62.492
38.060
15451
21,064
2.059
11.4481
248.505
101,2J9
11.9931
Al 31 Oecernbei 2023
226.049
10).th)7
21,675
347,731
Carrylnz amount
At 31 December 2023
1,810.616
62,057
2.670
1.875,343
Al 31 December 2022
1.89S.0S1
98.760
3,430
1,997.241
12
Debtofs
Arnounts lallln8 due wiihln one year..
2023
2022
Trade debtors
Other debtors
Prepayrnents and accrued income
397
7,138
ii,ioi
29,401
17.596
46.997
18.636
12-

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Loan5 and gverdrafts
2023
2022
Bank loans
1.112,259
1.144.957
Payable within one year
Payable aftei one year
132,315
979.944
124.120
1,020.837
14
Cieditor5'. amounts f•llln8 due wlthln one year
2023
2022
Notes
eank loans
Other ièxaiion and so¢s•l secuiify
Trade creditors
Other creditois
Accruals and deferred income
132.315
122.6011
41,037
22,251
7,151
124,120
12,1961
4.685
24.604
11.6S4
180,153
162,867
IS Creditors-. amounts fallln8 due aftei rnore than one year
2023
2022
Noie5
Bank loans
IJ
979.944
1.020,837
16 Resttitted fuhds
The restricted funds ol the charity iompfise the unexpended balances of donations and Brènts held on irust subject 10
spec1fic <onditions by donors as to how Ihey may be used.
Al l January
2023
Incornin8
resources
Resourrts
expeThded
Transfets At 31 December
2023
55.561
255.lJ)9
1177.6891
145.3301
87,551
Previous yèar..
Al l January
2022
Incom4nK
resources
Resourt¢s
expended
Translers At 31 December
2021
13.217
175.258
1121,9191
110.9951
55,561
13

HOPE CHURCH IPSWICH
NOTES TO THE FINANCIAL STATEMENT5 ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17
Unrestricted Ivnds
The unresiricted funds ol the charity compiise ihe uneApended balances ol donations and grants which are noi subject
10 5petific condiiion5 bv donors and eranlors as to how they may be used. These include designated fund5 which have
beefi Sei aside out ol unrestrKted lund5 by ihe trustees lor specific purposes.
At l Jlnuarv
1023
In¢ornl
rt50ur¢e5
Re50Vl£e5
txpended
Yr•n5fets At 31 De£ernbÈr
2023
General funds
887.234
627.44a
1726,7911
45.330
833.216
pre￿10￿5 ￿ar..
At l Jantsary
2022
Incomin8
resources
R*sources
expended
Transfers At 31 Detember
1022
General funds
886,950
519.873
1530,5841
10,995
88?,234
18
An•lysls ¢+1 net assets between funds
Unréstrlcied
fund5
2013
Pestricttd
fund5
2023
Total
2023
At 31 December 2023..
Tan8ible èsse15
1.787.792
25.368
1979.944
87,551
1,875.343
25,368
1979,9441
Lon8 term liabilities
833.216
87.551
920.767
Llnr¢5tflrted
funds
2022
Restrl£ted
Total
2022
2032
At 31 December 2022..
Tan8ible assets
1,941.680
133.6091
11.OZO.8371
55,561
1,997,241
133.6091
11,020.8371
887.234
55.56J
942.795
19
Related party transartions
There were no disclosablÈ related party transactions during Ihe year12022- nonel.
14.