## **HOPE MINISTRIES - LONDON CHARITY NO: 1141321**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
-
MTP ACCOUNTING SERVICES LTD
## **HOPE MINITRIES - LONDON**
## **31 DECEMBER 2020**
**TRUSTEES** Marcus McKenzie Maxine Gowdie Noel Lawrence Jaiye Afolabi Frantz Blackman Sabine Bowling Janet McKenzie **CHARITY NUMBER** 1141321 (Registered in England & Wales) **PRINCIPAL OFFICE** 6-7 Turtle Road Norbury London SW16 5QN **ACCOUNTANTS** MTP Accounting Services Ltd 180 Foxley Lane Purley Surrey CR8 3NF **BANKERS** Natwest 45 Fulham Broadway London SW6 1AG
Page 2
## **HOPE MINITRIES - LONDON**
## **31 DECEMBER 2020**
|**INDEX**|**Page**||
|---|---|---|
|information||1|
|Trustee Annual Report||2|
|Independent Examiner's Report||3|
|Statement Examiner's Report|4|to 5|
|Balance Sheet||6|
|Notes to the Accounts|7|to 8|
## **HOPE MINISTRIES - LONDON**
## **TRUSTEES ANNUAL REPORT**
The Trustees submit their financial statements for the year ended 31 December 2020.
## **LEGAL STATUS**
Hope Ministries - London is governed by a constitution and is a Registered Charity. The address is 6-7 Turle Road, Norbury, London,SW16 5QN
## **OBJECTIVES**
The object of the Charity is to promote Christian religion within the United Kinddom and other parts of the world, as the Trustees see fit.
The Trustees have the power to collect, accept and issue appeals for donations and to do all things that further the attainment of the objects of the church. They may also invest money, real and personal property and be at liberty to borrow as required by law.
## **CHARITY'S ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR**
To promote Christian faith through: Regular Services Regular Sunday School teaching Bible Study Classes Activities that focus on looking after young people
The Church holds regular conferences for different age groups of the congregation and liaises with local churches in the UK and throughout the world.
## **RESERVES POLICY**
Hope Ministries London is going through a period of change and its reserve policy is intended to legislate, as far as is reasonably practical, for unforeseen circumstances and emergencies in order to ensure that it can continue its Christian objectives for a minimum period. (see notes to the accounts - Note7)
## **GIFT AID CLAIMS**
## **REVIEW OF MAJOR RISK**
Health and safety and annual fire inspection to comply with fire regulations - completed annually. The charity is covered for building and public liability insurance reviewed annually.
## **DECLARATION**
I declare in my capacity of Trustee, that: The Trustees have approved the report above and Overleaf and have authorised me to sign on their behalf.
………………………………………………………………….. Mrs J. McKenzie 15 October 2021
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**INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF HOPE MINITRIES- LONDON**
We report on the accounts of the charity for the year ended 31 December 2020 which are attached
## **Respective responsibilities of trustee and examiners**
As the Charity's management committee, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have to come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
1 Which gives reasonable cause to believe that in any material respect the requirements;
- -to keep accounting records in accordance with section 41 of the Act; and
- -to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- 2 to which in our opinion.,attention should be drawn in order to enable a proper
- understanding of the accounts to be reached.
## **Shri Poran FCCA. FAIA**
## **MTP ACCOUNTING SERVICES LTD**
180 Foxley Lane Purley Surrey CR8 3NF
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## **HOPE MINISTRIES - LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|**FOR THE YEAR ENDED 31 DECEMBER 2020**|||
|---|---|---|
|**INCOMING RESOURCES**
Tthes and offerings
Back to school
**Total incoming resources**
**RESOURCES EXPENDED**
Establishment expenses
Administrative expenses
Financial and other expenses
**Total resources expended**
**Net (outgoings)/incoming resources before transfers**
**Gross transfers between funds**
**Net(ougoings)/incoming resources after transfers**|**UNRESTRICTED**
**RESTRICTED**
**FUNDS**
**FUNDS**
**TOTAL**
£
£
£
27,598
-
27,598
-
-
**2020**|**2019**|
|||£
33,287
-|
||27,598
-
34,785|33,287|
||12,532
-
12,532
11,189
-
11,189
2,117
-
2,117|16,646
18,971
2,566|
||25,838
-
25,838|38,183|
||1760
-
1760
-
-|(4896)
-|
||1760
-
1760|(4896)|
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**HOPE MINISTRIES - LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|**ADMINISTRATIVE EXPENSES**
**Establishment expenses:**
Rent and services
Insurance
Church expenses
Repairs and maintenance
**Administrative expenses**
Outreach Ministries
Church social events
Hospitality and catering
Youth department expenses
Motor and travel expenses
Printing and stationery
Website Costs
Computer and software costs
Church music costs
Member in crisis
Sundry expenses
**Financial and other expenses:**
Bank charges
Accountancy
Book-keeping
Depreciation
Subscription|**UNRESTRICTED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL**
£
£
£
10,000
-
10,000
311
-
311
1,708
-
1,708
513
-
513
**2020**|2019|
|---|---|---|
|||£
16,180
-
278
188|
||12,532
-
12,532|16,646|
||6,000
-
6,000
2,766
-
2,766
342
-
342
-
-
-
137
-
137
999
-
999
-
-
-
-
-
-
-
-
-
945
-
945
-
-
-|7,793
858
2,118
386
857
716
24
44
4,875
1,300
-|
||11,189
-
11,189|18,971|
||-
-
-
450
-
450
150
-
150
1,517
-
1,517
-
-
-|204
600
250
1,392
120|
||2,117
-
2,117|2,566|
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## **HOPE MINISTRIES - LONDON**
## **BALANCE SHEET**
## **31 DECEMBER 2020**
|**31 DECEMBER 2020**|||
|---|---|---|
|**Notes**
**FIXED ASSETS**
**Tangible assets**
**4**
**CURRENT ASSETS**
**_Cash at bank and in hand_**
_Debtors_
**CURRENT LIABILITIES**
Creditors and accruals
5
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**_Financed by:_**
Reserves
6|**UNRESTRICTED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL**
**£**
**£**
**£**
3,855
-
-
36,089
-
36,089
6,965
-
6,965
43,054
-
43,054
60
-
60
60
60
42,994
-
42,994
46,849
-
46,849
46,849
-
46,849
**2020**|**2019**|
|||**£**
4,873|
|||34,772
6,944|
|||41,716|
|||1,500|
|||900|
|||40,216|
|||45,089|
|||45,089|
We approve these accounts and confirm that we have made available all relevant records and information for their praparation.
………………………………………………………………………. MRS J. McKENZIE (TREASURER) 15-Oct-21 …………………………………………………………………….. DATE
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## **HOPE MINISTRIES - LONDON**
## **NOTES TO THE ACCOUNTS**
## **31 DECEMBER 2020**
## 1 **ACCOUNTING POLICIES**
Accounting convention
These financial statements have been prepared under the historical cost covention
## 2 **DEPRECIATION**
Depreciation is calculated to write off the cost of the fixed assets over their estimated useful lives on the follwing annual bases:
Church furniture and equipment :25% reducing balance
## 3 **INCOME AND EXPENDITURE**
All income and expenditure represents unrestricted funds.
|4 **FiXED ASSETS**
**Cost:**
At 1 January 2019
Addition
At 31 December 2020
**Depreciation**
At 1 January 2019
Charge for the year
At 31 December 2020
**Net Book Value**
At 31 December 2019
At 31 December 2020
5 **CURRENT LIABILITIES**
Accruals
6 **RESERVES**
At 1 January 2019
Net Incoming Resources
At 31 December 2020|**General**
**Reserve**
**£**
45,089
1760
46,849|**Improvements**
**to premises**
£
1,743|**Fixtures**
**Furniture &**
**Equipment**
£
10,905
499|**Total**
£
12,648
499|
|---|---|---|---|---|
|||1,743|11,404|13,147|
|||522
174|7,253
1,343|7,775
1,517|
|||696|8,596|9,292|
|||1,221
1,047
**Restricted**
**Reserve**
**£**
-
-
-|3,652
2,808
**2020**
60
**Total**
**£**
45,089
1,760
46,849|4,873|
|||||3,855|
|||||**2019**
1500|
|||||**2019**
**£**
49,985
(4896)|
|||||45,089|
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**HOPE MINISTRIES - LONDON**
## **NOTES TO THE ACCOUNTS**
## **31 DECEMBER 2020**
## 7 **RESERVE POLICY**
It is the view of the Trustees that it is prudent to set aside sufficient funds that wil allow all operational costs to be met for a minimum period of twelve months. This will permit Hope London to continue its services and objectives.
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