Hope Church Newham
(a charitable company limited by guarantee)
Registered Company Number: 07307429 Registered Charity Number : 1139566
Financial Statements For the year ended 31/12/2024
Hope Church Newham (a charitable company limited by guarantee)
Trustees' and Directors Annual Report For the year ended 31/12/2024
| Charity Name: | Hope Church Newham |
|---|---|
| Constitution: | Hope Church Newham was incorporated on 7th July 2010, and registered as a |
| charity on 30th December 2010. It is governed by the memorandum and articles | |
| of association signed on 14th Nov 2010. | |
| Registered Charity Number | 1139566 |
| Registered Company Number | 07307429 |
| Directors/Trustees: | Mark Thomas Waterfield |
| David Mark Sawyer | |
| Ursula Crosbie | |
| Fiona Suleman | |
| Bolade Kerr | |
| Trustee Selection | Trustees are appointed by the existing trustees. |
| Company Secretary: | n/a |
| Pastor: | Mr Mark Thomas Waterfield |
| Registered Office: | The Hub |
| 259 High Street | |
| Stratford, London. | |
| E15 2LS | |
| Bankers: | Santander UK plc. |
| Business Banking | |
| 301 St Vincent Street | |
| Glasgow | |
| G2 5NT | |
| Independent Examiner: | Mr David Pask |
(a charitable company limited by guarantee)
Hope Church Newham
Trustees' and Directors Annual Report For the year ended 31/12/2024
Activities
Hope Church Newham continued to meet its primary objectives of advancing the Christian faith and providing help to those in need through the following activities: Regular meetings and services for those who attend the church and those interested in finding out more about the Christian faith. Working with children and young people including reaching out to those who might not otherwise meet Christians. Putting on weekly community events for the lonely and isolated and those with financial and health needs. Renting Stratford Hub to third parties for the benefit of Church funds, enabling us to carry out more of our primary activities. While some activities have been run in partnership with Young Life International and London City Mission, most activities are run by volunteers from Hope Church Newham.
Advance the Christian faith
Hope Church Newham has a worship service at the Hub each Sunday which is live streamed for those unable to make in-person meetings due to frailty, ill health, or because they live too far away.
Hope Church Newham continued to provide volunteer led children’s activities every Sunday for those between 0 and 11 years old. A youth meeting is also held every other Sunday.
In partnership with London City Mission, Hope Church Newham ran a bible study and a daytime Alpha course for some of those who attend Hope at the Hub (see below).
Hope Church Newham ran two ten-week evening Alpha courses providing people with the opportunity to explore the Christian faith in a welcoming environment where they were served a meal.
Hope Church Newham is part of the Commission Sphere in the New Frontiers family of churches. In August 2024, 42 Hope Church members joined with 5,000 others for the Commission festival, a fiveday celebration held at the Bath and Southwest Showground. For many this was their first experience of camping and despite strong winds and lots of rain most said they would go again. Those who went enjoyed fun, food and fellowship – spending quality time with others from Hope Church and the wider church family.
Hope Church Newham continued to partner with a couple employed by Young Life International (YLI) whose aim is to advance the Christian faith among young people including those who have no church background. In 2024 Hope Church supported this work with financial gifts totalling £3,000 and volunteers to help run the activities described below and to sit on the YLI regional committee.
Activities undertaken in these joint roles included:
Weekly - during term times
-
After school drop-in and club night
-
Kick football academy
-
Discipleship training
Five-day football camp with bible teaching
Page 3 of 14
(a charitable company limited by guarantee)
Hope Church Newham
Trustees' and Directors Annual Report For the year ended 31/12/2024
Five-day camp at a local school where 69 young people enjoyed hours of fun, food, and bible teaching.
Taking 30 young people to a Young Life residential camp in Scotland providing the young people with plenty of fun and opportunities to worship together and to learn more about the Christian faith.
Hope Church Newham has continued to meet regularly to pray for the advance of the Christian faith and for the good of the local community in East London. Hope Church Newham has continued to support the advance of the Christian faith outside the local church and took part in Love Stratford, a fun filled family day put on by the Stratford Churches.
Relieve sickness & financial hardship and to promote and preserve good health
Hope at the Hub is our weekly community event providing a place for people to chill, relax and make friends in a warm welcoming environment. Guests enjoy a range of activities, and a hot meal is provided free of charge. Well over 100 people attended this drop in during 2024 and weekly attendance reached its highest level of 47 people in December 2024. We have started to receive referrals from social prescribers and well-being coaches. We also recruited volunteers from the long term unemployed who attended training events in our meeting rooms. Guests have said their mental health has improved since coming to Hope at the Hub and we have been able to provide practical and financial assistance to some guests. We are grateful to the following family trusts that gave grants to support the work of Hope at the Hub: Albert Hunt Trust £2000, Souter Trust £2,000 and Pat Newman Trust £1,500. These grants allowed us to take our guests on a summer outing, have a good Christmas party and to give back to others through our Bags of Hope project. We filled 26 bags for homeless people and needy families and gave smaller bags to our guests.
We took up a special offering in summer 2024 and distributed the £12,000 raised to three different groups. £4,000 went to Compassion to support a church run child survival programme in Togo, West Africa. £4,000 went to support and increase Hope Church’s local mission among young people through its partnership with Young Life. The balance was used to subsidise the cost of taking 42 people from the church to the Commission festival in August 2024. Most of those who went would not have been able to afford to do so without this subsidy.
Our Hope Christmas offering raised £1,000. £500 was allocated to the Hope Church Crisis Fund and £500 was given to the Stratford Churches food bank in early 2025.
Monies from the Hope Church Crisis fund were used to pay travel costs for an asylum seeker, provide temporary accommodation for a homeless person and pay for shopping for individuals in extreme need.
Hope Church has also provided counselling and prayer for those facing difficult situations including sickness, abuse, and financial hardship.
We have continued to support Orchards, a charity which provides counselling services to vulnerable women in London. This support has included providing, free of charge, a dedicated space where vulnerable women could be counselled. Some Hope Church members have received training from Orchard and come alongside women being supported by the Charity.
A member of the church who is a trained counsellor is now regularly using the counselling room for in person counselling sessions.
Page 4 of 14
Hope Church Newham (a charitable company limited by guarantee)
Trustees' and Directors Annual Report For the year ended 31/12/2024
Advance education
Mark Waterfield, the pastor of Hope Church Newham is the chair of the local Faith in Schools committee.
The activities of Young Life include going into schools and working with young people there.
Achievements & Performance
Hope Church Newham made a financial loss in the year ended 31 December 2024, but this was £4000 less than the figure budgeted due to receiving more donations than forecast. This higher level of donations is expected to continue and reflects in part an increase in numbers attending Hope Church.
Hope Church Newham continued to promote the Christian faith every week on a Sunday and through other settings throughout the year. It continued to run Sunday services and children’s and youth activities.
In 2024 Hope Church Newham pioneered Cherish, a women’s event providing space for women of the church and their Christian friends to develop and nurture Godly friendships. These well received events will take place three times a year.
Hope Church Newham community groups have continued to meet mid-week on a regular basis. While some groups meet in person others have an online meeting supplemented by in-person gatherings at least once a month. These continue to be a great way for those who attend Hope Church to get to know others and to be challenged to deepen their relationship with God.
The trustees continued their programme of annual and triennial reviews of all existing policies.
Plans for future periods
We will continue to use our Stratford Hub premises for our Sunday meetings, to run Alpha outreach courses including daytime courses, youth activities, Cherish and Hope at the Hub. We will provide opportunities for parents to partner with Church run children’s and youth activities helping the young ones grow in their Christian faith.
Following the loss of an organisation that used the premises on a regular basis, we will redouble our efforts to bring in more rental income to allow Hope Church to do more of its core activities.
We will continue to seek grant funding to allow the work of Hope at the Hub to grow and reach more needy people.
The trustees will continue its programme to ensure Hope Church Newham has appropriate policies in place and that these are followed in practice.
Financial Review
Total income of £227,000 was £79,000 higher than 2023 (£167,000).
Voluntary income of £199,000 was £47,000 higher than 2023 (£151,000). General donations were £31,000 higher than last year primarily due to increased tithes and giving. Restricted giving was £16,000 higher than last year due to the special offering in 2024.
Page 5 of 14
Hope Church Newham
(a charitable company limited by guarantee)
Trustees' and Directors Annual Report For the year ended 31/12/2024
Commercial income of £41,000 was £28,000 higher than 2023 (£14,000) due to having a full year of renting out the space at the Hub in 2024.
Total expenditure of £260,000 was £42,000 higher than 2023 (£217,000).
The cost of generating funds of £45,000 was £23,000 higher than 2023 (£22,000) as the Hub was leased for a full year in 2024. Unrestricted Direct Charitable spend of £201,000 was £45,000 higher than 2023 (£156,000), similarly as the Hub was leased for a full year in 2024, allowing the space to be used for more charitable activities.
Restricted Direct Charitable spend of £15,000 was £25,000 lower than 2023 (£40,000) as last year included spending restricted reserves from previous years including the Building Fund.
Reserves Policy
The trustees have set a desired level of reserve based on risk based approach to income and expenditure. At December 2024 the level of reserves held was £15,517, compared to a target of £25,000. This fund is a contingency in the event of a sudden reduction in income, in order to protect the future operation of the organisation from the effects of any unforeseen variations in its income and expenditure.
The risk based approach includes:
-
1) The loss of high value donor/s
-
2) A reduction in other giving
-
3) A material reduction in income from the hiring of space
-
4) Increases to other costs
Declaraton
Approved by the trustees on TBC and signed on their behalf by:
David Sawyer Trustee
Page 6 of 14
Hope Church Newham (a charitable company limited by guarantee) Trustees' and Directors Annual Report For the year ended 31/12/2024
I report on the accounts for the year ending 31/12/2024 which are set out on pages 10 to 14.
Respective responsibilities of the Trustees and Independent Examiner
The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters have come to my attention
-
which give me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with s.130 of the 2011 Act; or
-
to prepare accounts which accord with these accounting records have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached,
David Pask Jubilee Church, Enfield, UK.
Page 7 of 14
(a charitable company limited by guarantee)
Hope Church Newham
Statement of Financial Activities For the year ended 31/12/2024
| 2024 2023 (Restated) Notes Unrestricted Restricted Total Unrestricted Restricted Total Funds Funds Funds Funds Funds Funds £ £ £ £ £ £ Incoming resources Voluntary income Donations & Gifts 140,614 14,732 155,346 119,183 3,010 122,193 Gift Aid Tax 35,685 1,835 37,520 27,906 - 27,906 Grants 3,150 2,750 5,900 1,200 - 1,200 179,450 19,317 198,767 148,289 3,010 151,300 Charitable income Fees and tickets 5,734 - 5,734 1,575 - 1,575 Commercial income 41,496 - 41,496 13,630 - 13,630 Investment Income 16 - 16 132 - 132 |
2024 2023 (Restated) Notes Unrestricted Restricted Total Unrestricted Restricted Total Funds Funds Funds Funds Funds Funds £ £ £ £ £ £ Incoming resources Voluntary income Donations & Gifts 140,614 14,732 155,346 119,183 3,010 122,193 Gift Aid Tax 35,685 1,835 37,520 27,906 - 27,906 Grants 3,150 2,750 5,900 1,200 - 1,200 179,450 19,317 198,767 148,289 3,010 151,300 Charitable income Fees and tickets 5,734 - 5,734 1,575 - 1,575 Commercial income 41,496 - 41,496 13,630 - 13,630 Investment Income 16 - 16 132 - 132 |
|---|---|
| 179,450 19,317 198,767 148,289 3,010 151,300 5,734 - 5,734 1,575 - 1,575 41,496 - 41,496 13,630 - 13,630 16 - 16 132 - 132 |
|
| Total Incoming Resources | 226,695 19,317 246,012 163,627 3,010 166,637 |
| Resources expended Charitable Activities 3 201,002 14,539 215,541 155,822 39,958 195,780 Cost of generating commercial income 3 44,562 - 44,562 21,659 - 21,659 |
|
| Total resources expended 245,564 14,539 260,102 177,481 39,958 217,439 |
|
| Net incoming resources (18,868) 4,778 (14,090) (13,854) (36,948) (50,802) |
|
| Gross transfer between funds - - - - - - |
|
| Net movement in funds (18,868) 4,778 (14,090) (13,854) (36,948) (50,802) |
|
| Total funds brought forward 34,385 432 34,817 48,239 37,380 85,619 |
|
| Total funds carried forward 15,517 5,211 20,727 34,385 432 34,817 |
Page 8 of 14
Hope Church Newham
(a charitable company limited by guarantee)
Notes to the Financial Statements For the year ended 31/12/2024
| Notes Current assets: Debtors 8 Cash at Bank Total current assets Liabilities: Amounts falling due within one year 9 Total assets less current liabilities Funds of the Charity Unrestricted funds Designated funds 10 Total unrestricted funds Restricted Income Funds 11 Total Funds |
2024 £ 12,639 26,270 38,908 (18,181) 20,727 16,157 (640) 15,517 5,211 20,727 |
2023 |
|---|---|---|
| £ 26,026 22,625 |
||
| 48,651 (13,833) |
||
| 34,817 | ||
| 26,263 8,122 |
||
| 34,385 432 |
||
| 34,817 |
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 and 9 were approved on behalf of the Board of Trustees on TBC and signed by:
David Sawyer Trustee
The notes on pages 10 to 14 form part of these financial statements.
Page 9 of 14
Hope Church Newham (a charitable company limited by guarantee)
Statement of Financial Activities For the year ended 31/12/2024
1. Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
The 2023 results have been restated include the new method of allocating costs across charitable and non-charitable activities. There is no change to the Net incoming resources or Balance Sheet position as a result of these changes.
2. Accounting Policies
Incoming Resources
Recognition of incoming resources These are included in the Statement of Financial Activities (SoFA) when the charity is certain, or virtually certain they will be received, and they are measurable. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Investment income This is included in the accounts when receivable.
Expenditure & Liabilities
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Grants payable without performance These are only recognised in the accounts when a commitment has been made and there conditions are no conditions to be met relating to the grant which remain in the control of the charity. Allocation of costs between Charitable Where costs were incurred that wholly relate to either a Charitable or Commercial activity it and Commercial activities. is designated as such. Staff costs are allocated based on an estimate of time incurred. Other costs are apportioned based on the use of the Hub throughout the year supporting charitable activities compared to providing commercial income.
Assets
Assets are written off in the year of purchase, or in the case of assets gifted, in the year they are donated.
Page 10 of 14
(a charitable company limited by guarantee)
Hope Church Newham
Statement of Financial Activities For the year ended 31/12/2024
3. Breakdown of resources expended - 2024
| 3. Breakdown of resources expended- 2024 | 3. Breakdown of resources expended- 2024 | 3. Breakdown of resources expended- 2024 | 3. Breakdown of resources expended- 2024 | |
|---|---|---|---|---|
| 2024 Unrestricted Funds Restricted Total Cost of Funds Funds generating Charitable commercial Activities income Total £ £ £ £ £ Salaries, NI and Pension (Note 6) 74,712 14,146 88,858 - 88,858 Contractors 4,219 5,860 10,079 - 10,079 Rent of meeting place - - - - - Lease of the Hub 60,830 18,170 79,000 - 79,000 Property running costs 18,390 5,493 23,883 - 23,883 Property furniture & fittings 943 282 1,225 - 1,225 Sunday meeting running costs 8,229 - 8,229 - 8,229 Sunday meeting equipment 194 - 194 - 194 Training and conferences 58 - 58 - 58 Motor and travel 1,368 - 1,368 - 1,368 Grants and giving (Note 7) 4,620 - 4,620 6,476 11,096 Community and social events 13,542 - 13,542 8,049 21,591 Software & Website 3,330 363 3,693 - 3,693 Legal Charges and Health & Safety Regs 1,810 248 2,058 - 2,058 Other expenditure 8,757 - 8,757 14 8,771 Total resources expended 201,002 44,562 245,564 14,539 260,102 3.1 Space donated to other charities at no cost Space donated to other charities 31,937 - 31,937 - 31,937 4. Breakdown of resources expended- 2023 (Prior Year) 2023 Unrestricted Funds Restricted Total Cost of Funds Funds generating Charitable commercial Activities income Total £ £ £ £ £ Salaries, NI and Pension (Note 6) 76,387 2,848 79,234 - 79,234 Contractors 4,001 3,686 7,687 - 7,687 Rent of meeting place 5,220 - 5,220 - 5,220 Lease of the Hub 29,985 12,412 42,397 11,569 53,966 Property running costs 8,139 2,431 10,570 - 10,570 Property furniture & fittings 364 282 646 14,000 14,646 Sunday meeting running costs 7,251 - 7,251 - 7,251 Sunday meeting equipment 2,337 - 2,337 - 2,337 Training and conferences 962 - 962 - 962 Motor and travel 792 - 792 - 792 Grants and giving (Note 7) 4,584 - 4,584 10,299 14,883 Community and social events 9,014 - 9,014 - 9,014 Software & Website 3,195 - 3,195 - 3,195 Legal Charges and Health & Safety Regs 1,260 - 1,260 4,140 5,400 Other expenditure 2,331 - 2,331 (50) 2,282 Total resources expended 155,822 21,659 177,481 39,958 217,439 4.1 Space donated to other charities at no cost Space donated to other charities 15,968 - 15,968 - 15,968 |
2023 | |||
| Total Funds £ 79,234 7,687 5,220 53,966 10,570 14,646 7,251 2,337 962 792 14,883 9,014 3,195 5,400 2,282 |
||||
| 217,439 | ||||
| 15,968 2022 |
||||
Salaries, NI and Pension (Note 6) Contractors Rent of meeting place Lease of the Hub Property running costs Property furniture & fittings Sunday meeting running costs Sunday meeting equipment Training and conferences Motor and travel Grants and giving (Note 7) Community and social events Software & Website Legal Charges and Health & Safety Regs Other expenditure Total resources expended 4.1 Space donated to other charities at no co Space donated to other charities |
||||
| Unrestricted Funds Cost of generating Charitable commercial Activities income Total £ £ £ 76,387 2,848 79,234 4,001 3,686 7,687 5,220 - 5,220 29,985 12,412 42,397 8,139 2,431 10,570 364 282 646 7,251 - 7,251 2,337 - 2,337 962 - 962 792 - 792 4,584 - 4,584 9,014 - 9,014 3,195 - 3,195 1,260 - 1,260 2,331 - 2,331 |
Restricted Funds £ - - - 11,569 - 14,000 - - - - 10,299 - - 4,140 (50) |
Total Funds £ 79,234 7,687 5,220 53,966 10,570 14,646 7,251 2,337 962 792 14,883 9,014 3,195 5,400 2,282 |
Total Funds £ 72,411 3,835 41,468 - 736 - 7,637 2,453 3,006 571 8,106 9,362 2,761 9,231 16,434 |
|
| 155,822 21,659 177,481 |
39,958 | 217,439 | 166,020 | |
| st 15,968 - 15,968 |
- | 15,968 | - |
Page 11 of 14
(a charitable company limited by guarantee)
Hope Church Newham
Statement of Financial Activities For the year ended 31/12/2024
5. Details of certain items of expenditure
5.1 Trustee expenses
The aggregated amount of expenses reimbursed to 4 Trustees during the year was £0 (2023 = £0).
5.2 Trustee remuneration
| 2 Trustee remuneration Trustee/Pastor : Salary Employer's National Insurance Contributions (NIC)* Employer's Pension Contribution |
2024 2023 £ £ 54,000 54,000 6,197 6,197 6,480 6,480 66,677 66,677 |
|---|---|
*This is the gross NIC for the employee. Hope Church receives a £5,000 employers allowance (2023 and 2024) that is netted off the gross Employers NIC for this and other roles.
The Charity allows payment to trustees under clause 5.4 of the Trust Deed.
5.3 Fees for examination or audit of the accounts
| 3 Fees for examination or audit of the accounts Independent examiner’s or auditors' fees for reporting on the accounts Other fees paid to the independent examiner or auditor |
2024 2023 £ £ None None None None |
|---|---|
6. Paid employees
| 6.1 Staff Costs Gross wages, salaries and benefits in kind Employer’s National Insurance costs (net of £5,000 employers NIC allowance) Employer's Pension Contribution 6.2 Average number of full-time equivalent employees in the year |
2024 £ 79,025 2,054 7,779 88,858 1.8 FTE |
2023 |
|---|---|---|
| £ 69,397 2,058 7,779 |
||
| 79,234 | ||
| 1.6 FTE |
6.2 Average number of full-time equivalent employees in the year
6.3 Pension Scheme
A defined benefit Pension Scheme is provided through Peoples Pension. Hope Church Newham contributes up to 12%, and employees contribute up to 6%, and it is available to all employees.
A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the Statement of Financial Activities in the periods during which services are rendered by employees.
7. Grantmaking and giving
7.1 Total value of grants and giving
| 1 Total value of grants and giving Grants Giving to individuals (not grants) |
2024 2023 £ £ 9,875 8,123 1,221 6,760 11,096 14,883 |
|---|---|
Page 12 of 14
(a charitable company limited by guarantee)
Hope Church Newham
Statement of Financial Activities For the year ended 31/12/2024
| 2024 7.2 Summary of grants £ £ Grants to institutions Grants to individuals Purpose for which grants made: Advancing the Christian faith 5,875 - Alleviating financial hardship and spreading joy 4,000 - 9,875 - 7.3 Grants made to institutions Names of institutions Purpose Compassion UK Alleviating financial hardship and spreading joy Young Life Advancing the Christian faith Orchards Alleviating financial hardship and spreading joy Newday Advancing the Christian faith London City Mission Advancing the Christian faith Oaks Trust Advancing the Christian faith Commission Advancing the Christian faith Stratford Churches Advancing the Christian faith Faith in Schools Advancing the Christian faith |
2024 | £ Total Grants 5,875 4,000 9,875 2024 £ Total Grants 4,000 3,000 - - 2,375 - 300 200 - 9,875 |
2023 |
|---|---|---|---|
| £ £ Grants to institutions Grants to individuals 5,875 - 4,000 - |
£ Total Grants 4,540 3,583 |
||
| 9,875 - |
8,123 | ||
| 2023 | |||
| £ Total Grants - 3,300 3,583 300 750 55 50 - 85 |
|||
| 8,123 |
8. Debtors and prepayments
| 8. Debtors and prepayments | ||
|---|---|---|
| Gift aid tax refundable Trade Debtors Other Debtors Total Debtors 9. Liabilities. Amounts falling due within one year NI & PAYE due to HMRC Pensions contributions due to Peoples Pension Deferred Income Other accruals Total Liabilities |
2024 £ 5,506 5,500 1,633 12,639 2024 £ (1,923) (1,098) (600) (14,560) (18,181) |
2023 |
| £ 24,186 500 1,340 |
||
| 26,026 | ||
| 2023 | ||
| £ (1,803) (1,041) - (10,990) |
||
| (13,833) |
Page 13 of 14
Hope Church Newham
(a charitable company limited by guarantee)
Statement of Financial Activities For the year ended 31/12/2024
10. Designated Income Funds
| Movement of funds Building Fund Commission Event Total designated income funds 11. Restricted Income Funds Movement of funds Alleviating financial hardship & spreading joy Young Life Commission Event Hope at the Hub International Giving Total restricted income funds |
Fund balances brought forward Incoming resources Resources expended Transfers £ £ £ £ 8,122 (8,122) - 5,309 (5,949) 8,122 5,309 (14,071) - Fund balances brought forward Incoming resources Resources expended Transfers £ £ £ £ 432 1,994 (740) 0 3,750 (1,750) - 5,473 (5,473) - 4,100 (2,575) - 4,000 (4,000) 432 19,317 (14,539) - |
Fund balances carried forward £ - (640) |
|---|---|---|
| (640) | ||
| Fund balances carried forward £ 1,686 2,000 - 1,525 - |
||
| 5,211 |
12. Fundraising
No professional fundraisers or commercial participators were used to approach individuals on the behalf of Hope Church Newham in 2024.
Page 14 of 14