# **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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