Registered Charity Number : 1138681
CATHEDRAL OF HOPE
A CHARITABLE INCORPORATED ORGANISATION TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CATHEDRAL OF HOPE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Charity Number Registered Office
Independent Examiner
Milton Marques Manata
Arlindo Noronha Dos Ramos Landinha Figueiredo 1138681 66 ST. JAMES ROAD SUTTON SM1 2TT Sansao Rodrigues 225 Clapham Road London SW9 9BE
CATHEDRAL OF HOPE
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
CATHEDRAL OF HOPE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
This report was approved by the trustee and signed on its behalf by:
Milton Marques Manata Trustee
Date : 08 August 2025
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CATHEDRAL OF HOPE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner’s Report to the Trustees of Cathedral Of Hope
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees 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 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 matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
-
the accounts did 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.
Name: Sansao Rodrigues Date: 08 August 2025
Page 2 of 8
CATHEDRAL OF HOPE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Raising funds 3 Charitableactivities 4 Other 6 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 125,487.50 125,487.50 5,866.48 119,075.98 5,720.79 130,663.25 (5,175.75) (5,175.75) 17,790.79 12,615.04 |
Total Funds 2024 £ 125,487.50 125,487.50 5,866.48 119,075.98 5,720.79 130,663.25 (5,175.75) (5,175.75) 17,790.79 12,615.04 |
Total Funds 2023 £ 94,663.79 |
|---|---|---|---|
| 94,663.79 | |||
| 1,840.00 110,919.14 5,040.42 |
|||
| 117,799.55 | |||
| (23,135.76) | |||
| (23,135.76) 40,926.55 |
|||
| 17,790.79 |
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CATHEDRAL OF HOPE
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recommended categories by activity Notes Fixedassets Tangibleassets 7 Total fixed assets Current assets Cash at bank and in hand 8 Total current assets Total net assets or liabilities Funds of the Charity Unrestricted funds 9 Restricted income funds 9 Endowment funds 9 Totalfunds |
Total Funds 2024 £ 7,519.04 7,519.04 5096.00 5096.00 12,615.04 12,615.04 - - 12,615.04 |
Total Funds 2023 £ 11,278.57 11,278.57 6,512.22 6,512.22 17,790.79 17,790.79 - - 17,790.79 |
|---|---|---|
The financial statements were approved by the trustees on 08 August 2025 and signed on its behalf by:
Milton Marques Manata Chair Date : 08 August 2025
Page 4 of 8
CATHEDRAL OF HOPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.4 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.5 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Name | Rate(%) | Year | Method |
|---|---|---|---|
| Motor Vehicles | 25% | 4 | SLM |
| Fixtures & Fittings | 25% | 4 | SLM |
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2. Income from Donations and Legacies
| Analysis Gift Aid Unrestricted funds £ 125,487.50 125,487.50 3. Expenditure on Raising Funds Analysis Rent collection, property repairs and maintenance charges SupportCosts 4. Expenditure on Charitable Activities Analysis Bank charges Charity management & administration Charity running cost Donations Printing and stationery Legal/professionalfees General travel expenses SupportCosts 5. Support Costs Analysis Computer costs Governance Costs Accountants fees 6. Other Expenditure Analysis Depreciation Charge for the Year - Other Expenditure Unrestricted funds £ 3,759.53 1,961.26 5,720.79 Motor Vehicles |
Total funds 2024 £ 125,487.50 Total funds 2023 £ 94,663.79 125,487.50 94,663.79 Total funds 2024 £ 4,900.00 Total funds 2023 £ 1,800.00 966.48 40.00 |
Total funds 2023 £ 94,663.79 |
|
|---|---|---|---|
| 94,663.79 | |||
| 5,866.48 1,840.00 |
|||
| Total funds 2024 £ Total funds 2023 £ 71.80 72.20 8110.15 6,905.26 38,507.54 36,768.13 38,010.70 28,272.91 428.82 109.00 210.50 - 28,369.99 36,477.64 5,366.48 2,314.00 |
|||
| 119,075.98 110,919.14 |
|||
| Total funds 2024 £ Total funds 2023 £ 1,932.95 1,400.00 79.99 2,274.00 |
|||
| 3,332.95 2,353.99 |
|||
| Total funds 2024 £ 3,759.53 1,961.26 5,720.79 |
Total funds 2023 £ 3,759.53 1,280.89 |
||
| 5,040.42 |
3. Expenditure on Raising Funds
4. Expenditure on Charitable Activities
5. Support Costs
6. Other Expenditure
Page 6 of 8
7. Tangible Fixed Assets
| 7.1 Cost or valuation At 01 January 2024 Additions Disposals Revaluations Transfers At 31 December 2024 7.2 Depreciation and impairments At 01 January 2024 Charge for the year Disposals Revaluations Transfers At 31 December 2024 7.3 Net book value At 01 January 2024 At 31 December 2024 |
Motor Vehicles £ Fixtures & Fittings £ 15,345.00 7,131.00 - - - - - - - - |
|---|---|
| 15,345.00 7,131.00 |
|
| 4,066.43 7,131.00 3,759.53 - - - - - - - |
|
| 7,825.96 7,131.00 |
|
| 11,278.57 - |
|
| 7,519.04 - |
8. Cash at bank and in hand
| Cash at bank and in hand HSBC Current Account (1560) |
Total funds 2024 £ 146.00 Total funds 2023 £ 96.00 4,950.00 6,416.22 5096.00 6,512.22 |
|---|---|
9. Charity funds
9.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds Total |
Fund Fund balances brought forward Income Expenditure Transfers Gains and losses balances carried forward £ £ £ £ £ £ |
|---|---|
| 17,790.79 125,487.50 130,663.25 - - 12,615.04 |
|
| 17,790.79 125,487.50 130,663.25 - - 12,615.04 |
Page 7 of 8
9.2 Details of material funds held and movements during the PREVIOUS reporting period
| Fund names Unrestricted funds Total |
Fund Fund balances brought forward Income Expenditure Transfers Gains and losses balances carried forward £ £ £ £ £ £ |
|---|---|
| 40,926.55 94,663.79 117,799.55 - - 17,790.79 |
|
| 40,926.55 94,663.79 117,799.55 - - 17,790.79 |
9.3 Transfers between funds
This Year
| This Year | |
|---|---|
| Amount | |
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
| Last Year | |
| Amount | |
| £ | |
| Between unrestricted and restricted funds | - |
| Between endowment and restricted funds | - |
| Between endowment and unrestricted funds | - |
Page 8 of 8