2023-07-31-accounts

CHRIST HOPE OF GLORY MINISTRIES

(CHOGM)

‘Christ in You, the Hope of Glory’

TRUSTEES REPORT AND ACCOUNTS 3157 JULY 2023

Christ Hope of Glory Ministries

Pure Office Suit 23 Midshires House, Midshires Business Park, Smeaton Close, Aylesbury, England, HP19 8HL

CHRIST HOPE OF GLORY MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315* JULY 2023.

The trustees of the charity present their report with the financial statements of the charity for the year ended 315" July,2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities’ issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number 1150038

Registered office

Pure Office Suit 23 Midshires House Midshires Business Park Smeaton Close Aylesbury HP19 8HL

Trustees

Pastor Dr. Dominic Anang Trustee (Chairman) Mr Ray Charles Okyere Trustee

Independent Examiners

X-Star Management Services Limited 53 Saxville Road Orpington, Kent BRS 3AN

Bankers Sumup ZEN Cashplus CAF

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A. STRUCTURE, GOVERNANCE AND MANAGEMENT

e Governing document

• The charity is controlled by its governing document, the Constitution and constitutes a charity, as defined by the Charities Act 2011.

e Membership of trustee board.

The trustees of the charity are also voluntary trustees for the purposes ofcharity law and under the charity's Constitution are known as members of the Trustees Board.

e Induction and training of trustees

• All trustees are familiar with the practical work of the church and have undertaken training to support their role.

e Organisational structure

The Trustee Board meets quarterly and a quarterly branch feedback report is given at each meeting. The Branch Pastor has the responsibility for the day to day operational management of the church supported by the Assistant Pastor elected by the branch.

e Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church.

B. OBJECTIVES AND ACTIVITIES

ACHIEVEMENTS FOR 2022/23 — Christ Hope ofGlory Ministry

• e Maintained the virtual meetings for prayers.

• e Senior Pastor and wife made the trip to the holy land- Israel for a week and experience the bible come alive.

• e Carried on with the monthly payment for the church bus which is being used for church activities.

• e Had a youth summit to meet with all the young people in the church on ways to use social media to grow the church.

• e The Youth carried on helping to manage the kids’ services virtually. Kids service has been split into two different classes for services to be age appropriate.

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C. STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to

• select suitable accounting policies and then apply them consistently;

• • make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

D. STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS

So far as the trustees are aware, there is no relevant information of which the charity’s independent examiners are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any examination information and to establish that the charity’s independent examiners are aware ofthat information.

E. INDEPENDENT EXAMINERS

The independent examiners, X-Star Management Services Limited will be proposed for re-appointment at the forthcoming Annual General Meeting.

---ON a).aaa a OF THE BOARD:23/08/2023 Pastor Dr. Dominic Anang Chairman

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°

• e Continued the dad’s “day ofcooking for the family tradition” for the church in August. All church dads cooked and prepared a feast for their wives and children.

• e Took a family break vacation for Couples in the church — July 26 — 2nd August to Southampton.

• e Two of the members of the Youth church went to the University.

• e In person services resumed fully at Watford and owing to the challenges with venue in Aylesbury, the church currently holds a joint service in Watford.

• e Maintained the youth services meetings online via zoom.

OUR TARGETS 2023/24

• e Maintain the youth engagement with the church even when they are on University Campus

• e Making our Aylesbury breach to maintain the congregants that live in Aylesbury.

• e Train even more young people to use instruments.

• e Help other families to set up family time in building Christian homes.

• e Implement youth ideas for the Watford Branch and to have youth in person services.

• e Get more families to make the trip to the holy land- Israel

• e We are organising the Noblemen (Marriage Couples) Teachings and major sleepover, Prayer group to spend time with the Lord at Ashburnham Christian retreat Centre for one week and the children to have their annual camping, out target for next year is 50 kids.

FINANCIAL REVIEW

The results for the year and the financial position of the charity are as shown in the annexed financial statements. The total incoming resources for 2023 was £231722 as compared with £321,786 in 2022. This shows a fall in incoming over the previous year. This large decrease may be due to the effects of the cost-of-living crisis in UK. The Charity was able to meet all its expenses and had a surplus of £7,980.

Reserves policy

The charity is keeping an appropriate level ofreserves to protect itself against any unforeseen eventualities such as COVID-19, which is currently having its toll on the finances of most charities across the globe.

Principal funding sources

At present the majority of the church's funding continues to come from the tithes and collection of alms and annual harvest to support all its principal activities.

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHRIST HOPE OF GLORY MINISTRIES.

We report on the accounts of the Church for the year ended 31* July, 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 10 to 11.

This report is made solely to the Church Council (Trustees) in accordance with Section 145 of the Charities Act 2011. Our work have been undertaken so that we might state to the charity's trustees those matters that we are required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Church and the Church's trustees for our examination work.

Respective responsibilities of Trustees and Examiner

The Church’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed.

• It is our responsibility to: e Examine the accounts (under Section 145 of the Charities Act);

• e To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and

• e To state whether particular matters have 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 Commissioner.

An examination includes a review of the accounting records kept by the Church 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 no opinion is given as to whether the accounts presenta ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with our examination, no matter has come to our attention:

1. Which gives us reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with Section 130 of the Charities Act; and ¢ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

Have not been met; or

1. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. rn X-StarEMMANUELManagement NTIM, ServicesMSc. FCCALimited AXsonalsonal nssunsdoeitaatuaavinnetsivaewtewsyO, 53 Saxville Road Orpington Kent BR5 3AN Date: 23" August 2023. August 2023. 2023.

rn AXsonalsonal nssunsdoeitaatuaavinnetsivaewtewsyO, Date: 23" August 2023. August 2023. 2023.

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CHRIST HOPE OF GLORY MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST JULY 2023

		.		2023	2022
	Note	General	Restricted	Total	£
		£	£	£
INCOMING RESOURCE
Voluntary Income	1	203,388		203,388	261,887
GiftAid Returns Harvest	2	20,232 8,095	0	20,232 8,095	54,498 5,400
Investment Income		(i
Total		231,722	0	231,715	321,785
Resources Expended
Charitable Expenditure
Special Collections
Building Project		0	0	0	0
Benevolent Fund		0	0	0	0
Management and Administration	3	223,742	0	223,742	297,991
Total		223,742	0	223,742	297,991
Net Incoming Resources		7,980	0	7,973	23,794
Loss on Valuation ofAssets		-	-	-	-
NetMovement in Funds		7,980	0	7,973	23,794
Balance Brought Forward		44,339	0	44,339	20,545
Transfers		0		0	0
Balance Carried Forward	52,319 0 52,312 44,339 aS

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CHRIST HOPE OF GLORY MINISTRIES BALANCE SHEET AS AT 31ST July, 2023

		2023	2023	2022
	Note	£	£	£
Non-Current Assets
Tangible Fixed Assets	4		40,566	39,942
Investments			-	-
Current Assets
Bank and Cash Balance	5	7,339		4,551
Deposits		12,255		12,255
Total Current Assets:		19,594		16,806
Current Liabilities
Accruals		600		600
Net Curent Assets			18,994	16,206
Long term Liabiilities:
Bank Loan			7,534	8,880
Car Loan			8,033	10,927
NetAssets			43,993	36,013
Funds
General Funds bf			36,013	12,218
Net Incoming Resources			7,980	23,795
			43,993	36,013

Name: Dr Dominic Anang Signature: (G7) ee 2 4.) es

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CHRIST HOPE OF GLORY MINISTRIES

NOTES TO THE FINANCIAL STATEMENT — 315" JULY, 2023

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law

Restricted Funds represents donations or grants received for a specific object or invited by the Church Council for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

General Funds (Unrestricted Funds) are general funds which can be used for Church Council ordinary purposes.

1. INCOMING RESOURCES

Collections are recognised when made.

Amounts receivable under covenant are recognised only when honoured by the covenanter.

Income tax recoverable on covenanted or gift aid donations is recognised when claimable.

Grants and legacies are accounted for as soon as the church council is notified of its entitlement. Funds raised by the fete and similar events are accounted for gross.

1. RESOURCES EXPENDED

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the Church Council.

Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is recognised when it is incurred and is accounted for gross.

1. FIXED ASSETS

Other fixtures, fittings and office equipment are stated at cost when incurred.

1. DEPRECIATION

Musical Instruments 25% Straight line on cost

Furniture & Equipment 20 % Straight line on cost. Motor Vehicle 20% straight line on cost

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CHRIST HOPE OF GLORY MINISTRIES enoNOTES TOse THEa FINANCIALMeneame dtSTATEMENTSSot etd31/07/2023A

2 Incoming Resources

2 Incoming Resources
			2023	2022
	General	Restricted	TOTAL	TOTAL
2aVoluntary Income	£	£	£	£
General Fund
Tithe & Offering	197,077		197,077	261,887
Gift Aid Returns	20,232		20,232	54,498
Harvest	8,095		8,095	5,400
Welfare Contributions	6,311		6,311	0
Sundry Receipt			0	0
	231,715		231,715	321,785.00
Building Project
Sundry Donations
Total	231,715		231,715	321,785
2cActivities in support ofObjects
Fundraising	0		0	0
Walk Up Offering	0 0 0 2ee) ——=S=S=loaoeaEeaEaeaaEeoaEoooomooSoSa—
2dInvestment Income
Church Hall Lettings	0	0	0	0
Interest, dividendand gains	id ) td 1 231,722 0 231,722 321,785 seiciatachecseiiineiiiieaasicisers aedonareiniememmeneeaeslscceties

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CHRIST HOPE OF GLORY MINISTRIES NOTES TO THE ACCOUNTS- 31/07/2023

3 RESOURCES EXPENDED

3 RESOURCES EXPENDED
					2023	2022
			Benevolent	Management
	Note		Fund	& Admin	Total	Total
			£	£	£	£
Charitable Donation:
Rent Staffcosts Donations		6		24,548 39,889 15:172	24,548 39,889 15,172	16,125 31,885 7,116
Professional Fees Transport/Travel				2,150 12,488	2,150 12,488	5,050 23,479
Council Tax				124	124	118
Depreciation				11,941	11,941	12,414
Noblemen Evangelism/ Retreat/Ministry				9,854 22,973	9,854 22,973	30,595 41,600
Supporting Ghana Ministry				17,007	17,007	40,390
IT/Website/Media				205	205	4,049
Social Events				6,752	6,752	3,006
Training Welfare Children's Ministry Pension Media				6,200 10,502 16,354 940 2,690	6,200 10,502 16,354 940 2,690	6,300 12,130 24,547 1,310 0
Printing, Postage& Stationery Insurance Prayer Ministry				1,462 672 1,109	1,462 672 1,109	5,794 1,532 0
Bank charges				331	331	51
Women's Ministry Office Expenses				10,518 9,861	10,518 9,861	17,870 12,630
				223,742	223,742	297,991

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4. TANGIBLE FIXED ASSETS

	Musical	Machinery&
	VAN Instruments	Equipment	Total
COST/VALUATION	£ £	£	£
At 1st August, 2022	25,000 51,882	5,348	82,230
Additions	¢) 1,500	1,064	2,564
At31st July, 2023	25,000 53,382 6,412 84,794 susan sitar ci acteitlatee arenes
Depreciation:
Balance@ 1stAug 2022	5,000 23,064	4,223	32,287
Charge fortheYear Balance @ 1stJuly2023	5,000 5,338 10,000 28,402 Ak edbAO	1,603 11,941 5,826 44,228 OOSE
Net Book Value:
As at 31/07/2023	15,000 24,980 Re i A x	586 a	40,566 ct
As at31/07/2022	20,000 18,817 1,125 39,942 Preeat wl

5. Bank/Cash Balance	£
Sumup	1,768
ZEN	771
Cashplus	800
CAF	4,000
	7,339

1. Staff costs £ Net pay 32,319.00 Tax/NI 7,570.00 Pensions 940.00 40,829.00

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