HOPE MINISTRIES - LONDON CHARITY NO: 1141321
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
HOPE MINITRIES - LONDON
31 DECEMBER 2023
TRUSTEES Maxine Gowdie Noel Lawrence Frantz Blackman 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
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HOPE MINITRIES - LONDON
31 DECEMBER 2023
| 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 2023.
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 Kingdom 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
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 M. GOWDIE 25, September 2024
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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 2023 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
180 Foxley Lane Purley
Surrey CR8 3NF
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HOPE MINISTRIES - LONDON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| FOR THE YEAR ENDED 31 DECEMBER 2023 | ||
|---|---|---|
| INCOMING RESOURCES Tithes and offerings 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 £ £ £ 26,424 - 26,424 2023 |
2022 |
| £ 25,275 |
||
| 26,424 - 26,424 |
25,275 | |
| 7,737 - 7,737 20,405 - 20,405 1,271 - 1,271 |
7,446 13,788 2,139 |
|
| 29,413 - 29,413 |
23,373 | |
| (2,989) - (2,989) - - |
1902 - |
|
| (2,989) - (2,989) |
1902 |
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HOPE MINISTRIES - LONDON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
| ADMINISTRATIVE EXPENSES Establishment expenses: Rent and services Insurance Security Church expenses Repairs and maintenance Administrative expenses Outreach Ministries Church social events Hospitality and catering Telephone Youth Education Motor and travel expenses Printing and stationery Website Costs Church music costs Member in crisis Financial and other expenses: Bank charges Accountancy Depreciation |
UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL £ £ £ 3,598 - 3,598 145 - 145 - 3,698 - 3,698 296 - 296 2023 |
2022 |
|---|---|---|
| £ 3,420 - 680 2,045 1,301 |
||
| 7,737 - 7,737 |
7,446 | |
| 9,961 - 9,961 798 - 798 3,598 - 3,598 112 - 112 240 - 240 190 - 190 78 - 78 238 - 238 3820 - 3820 1,370 - 1,370 |
6,325 1,392 1,064 335 - 284 26 281 3,826 255 |
|
| 20,405 - 20,405 |
13,788 | |
| 18 - 18 834 - 834 - - - 419 - 419 |
- 624 1,515 |
|
| 1,271 - 1,271 |
2,139 |
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HOPE MINISTRIES - LONDON
BALANCE SHEET
31 DECEMBER 2023
| 31 DECEMBER 2023 | ||
|---|---|---|
| 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 £ £ £ 883 - 883 46,751 - 46,751 4,419 - 4,419 51,170 - 51,170 - - - - - 51,170 - 51,170 52,053 - 52,053 52,053 - 52,053 2023 |
2022 |
| £ 823 |
||
| 44,776 9,443 |
||
| 54,219 | ||
| - | ||
| - | ||
| 54,219 | ||
| 55,042 | ||
| 55,042 |
We approve these accounts and confirm that we have made available all relevant records and information for their praparation.
……………………………………………………………………….
……………………………………………………………………..
MRS M. GOWDIE (TREASURER) DATE 25th September 2024
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HOPE MINISTRIES - LONDON
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
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 following annual bases:
Church furniture and equipment :25% on cost
3 INCOME AND EXPENDITURE
All income and expenditure represents unrestricted funds.
| 4 FiXED ASSETS Cost: At 1 January 2022 Addition At 31 December 2023 Depreciation At 1 January 2022 Charge for the year At 31 December 2023 Net Book Value At 31 December 2022 At 31 December 2023 5 CURRENT LIABILITIES Creditors and accruals 6 RESERVES At 1 January 2022 Net Outgoing Resources At 31 December 2023 |
General Reserve £ 55,042 (2,989) 52,053 |
Improvements to premises £ 1,743 |
Fixtures Furniture & Equipment £ 11,404 479 |
Total £ 13,147 |
|---|---|---|---|---|
| 1,743 | 11,883 | 13,147 | ||
| 1,044 174 |
11,280 245 |
12,324 419 |
||
| 1,218 | 11,525 | 12,743 | ||
| 699 525 Restricted Reserve £ - - - |
124 358 2023 - Total £ 55,042 (2,989) 52,053 |
823 | ||
| 883 | ||||
| 2022 - |
||||
| 2022 £ 53,140 1902 |
||||
| 55,042 |
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HOPE MINISTRIES - LONDON
NOTES TO THE ACCOUNTS
31 DECEMBER 2023
7 RESERVE POLICY
It is the view of the Trustees that it is prudent to set aside sufficient funds that will 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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