CHRIST HOPE OF GLORY MINISTRIES (CHOGM) 6Christ in You, the Hope of Glory, TRUSTEES REPORT AND ACCOUNTS 31°. JULY 2024 Christ Hope of Glory Ministries Pure Office Suit 23 Midshires House, Midshires Business Park, Smeaton Close, Aylesbury, England, HP19 8HL
C.'IIRIST IIOPF. OF GLORY ]INIsTRIF.5
ST
R&=POR"I" OTr "fi4E 'I'RIISI'EES b-OR TIIF. YEAR EIYDED 31 JIII.Y 2024.
Tlie tru4tLC% Ot" tliL chariiy prcscnt ilicir rcport with tlie financial statemLnl.% of thc
cliai'ily l()r iliL yL'ar L'iidL'd 31- July.20?4. TIIL. Iru%lLL"% liavL adoplL'd ihL prc>vi%i()ns or
IIIL. SlalLinLnl ()I' IIL'LOIMtnL"ndLd l)racliLe IS()III') 'ALLounling¥ lind Ileportin& by
C'li¢iritiLS' i5SUL'd in Mill'LlI 2005.
RTr:FFRF.NC'.F. AND ADMINISTRATIVF. DF.TAII.S
Rekiislei"ed C'harity Number
1.500.78
Rc%istcrcd olTice
Pui-L' Ol'l ILL
Siiil ?.l M id%liirLs F-IousL
M iclsliii'L'S Ilii%iiiLs51)<irk
SIiiL'cltiiii L"'10sc
AylL'sbury
I Ipi L) xi11.
'iistecs
P41%1(11' l)r. DoniiniL Aniin
M% Ji).%LpliinL' I ILni)Lli
Scil()IllL'y Aild¢inLy
Tni%lcL' (C'li
STRUCTURE, GOVERNANCE AND MANAGEMENT • Governing (locument I"he charity is ¢onlrollL'd by its governing documcnl. thc Constitulion (ind Loiistilulcs a cliarity, as dctined by thc Charitics Act 2011. Illembership of truslee board. Tlic Iru%teL4 ()f IliL' charity arc also N'oluiilary trustcc% for tliL purposL'S of cliarity law aiid under the Lliiirity'% Con4titulion dre known a5 iiiLIMbep• l)I"IhL Tru%lee% Board. In(luction and training of trustees All irustcLs arL Iiiinili¢ir wilh the pracliLal work ol. IhL Lhurcli an(1 have undLrtakLn IrJiningF to support tliLii' rolc. • ()rganisational structure ThL Tni%lL'L Fliiard iii¢Ll% qudrtLrly. aiid a qil¢lrtcrly brJncl) li"cclback rLport is given al L'<lLli InL'Lting. ThL 13rdnLlI PJ4lc)r lias IhL' rL'%p()nsibi l ily for thL (lay-lo-day i)PL'f£lticinal In<in<i&vLinL'nl c)1" IIIL Lhurcl) suppc)rtLd by thc A.4%i%tcini P¢15tor LILYIL'd by ihL branLI). • Risk managemcnl TIIL. Tru%lLL'4 hai'L ¢1 dilly li) idLnlily ancl rLviLw Ihc risk.s Ic) wliiLlI tIiL LliJrily 1.4 L.xP().d Iiicl i() L'n4iirL ilPI)I'()pfi¢ilc conlrc)l% drL iii pl¢lLL Ic) prc)viclL' rca%c)n4ihlL i¢%%urdnLL' abiainst ¢iiid ¢ind Qrror. Iiilcrniil coiitrol ri%k% arc ininijiiiscd by thL iniplcinciitalion ot" procL'durc8 for IILiIII()I'i.%(Iti¢)ii c)r all ii-aii%<iLlion% 41nd pr()jLLt%. Prc)LedurL% ¢iiid ri%k a%SLS.4lllints arL' in plilLL Ic) Lnsurc c()InpliiinLL' with I ILJlili ¢ind SafLly C)I' Vi)lunlL'L'; mLinbLr%' Lhildrcn: ind vi%ilc)rs tc) IhL Ll)iircli. . OBJECTIVES AND ACTIVITIES AC'IIITr'VTr:MI,:N'l'fi b'OR 2023 124- C'hrist Iloi)e of c.lory ]4qinistry Maintsined the virtual meetings for prayers. Caried on with the monthly payment for the church bus which is being used foi church activities. Had a youth summit to meet with all the young people in the church on ways to use social media to grow the Ghurch. The Youth carried on helping lo manage the kids, services virtually. Kids service has been split into two different classes for services to be age appropriate.
Continued the dad's "day of cooking for the family tradition" for the church in August. All
church dads cooked and Prepared a feast for their wives and childTen.
Took a family break vacation for Couples in the church - July 26 - 3 August to Kent.
3 of the members of the Youth church went to the University.
.In person services resumed fully at a New Place in Watford as well as in Aylesbury. the
church currently holds a joint service in Watford every four months
Maintained the youth services meetings online via zoom.
OUR TARGETS 2023124
Maintain the youth engagement with the church even when they are on University
Campus.
We at getting another venue in Aylesbury to maintain the congregants that live in
Aylesbury.
Train even more young people to use instruments.
Help other families to set up family time in building Christian homes.
Implement youth ideas for the Watford Branch and to have youth in person services.
Get more families to make the trip to the holy land- Israel whenever there peace in
Israel.
'INANC:IAI. REVIEW
'I"lic rc.4uli.8 for ihc ye
C. STATEMENT OF TRUSTEES RESPONSIBILITIES
-l-IIL Ii'11slLL% 'iic TL%p
INDEPF.NDENT EXAMINER'l> REPORT TO TFIE TRIISTEE.S OF C'IIRIST IIOPF. OF GLORY MINISTRIFS. We report on the accounts of the Church for Ihe year ended 31" July. 2024 whith comprise the Statement of Financial Aclivilies. the Balance Sheet and relaled noles set out on pages 10 10 11. This rew)rt is made sdely lo Ihe Church CouDcII (Tyusleesl in accorthnce v4ith Sectwjn 145 of ihe Charitles Act 2011. Oui woik have been undertaken so that we might state to Ihe charity's trustees Ihose matters that we are required to stale to them in an Irepe[¥JenI Examiner's report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assulne responsibilily lo anyone other than the Church and the Church's Irustees for our examinalion work. Respective responsibilits of Trustees and Examiner The Church's Iiuslees are resw)nsible for the pTepaiation of the accDunls. They consider that an audit is not iequired for Ihis yeai (under Section 144 of the Charilies Act 2011 (the Charilies Actll and that an independent examination is needed. 11 is our responsibility lo-. Examine Ihe accounts (under Sect)n 145 of the Charities Acl): To follow the proGeduies laid down In the General Di110n5 glven by the Charity Commissioner (under Section 14515llbl of the Charilies Act),. and To slate whether parliGular mallevs have come lo our attention. Basis of Independent Examinerfs report: Our examii)alion was cA4rried out in aceoTdance wilh th8 General Directions given by Ihe Charity Commissioner. An examinaiion includgs a review of &counting records kept by the Church and a comparison of the accoun15 piesenled with those records. 11 also includes consideration of any unusual ilems or disclosures in Ihe accounts. and seeking explanalions from you as truslees concerning any such m(IUep4. The procedures undertBken do not provide all the evidence that would be required in an audil, and consequenuy no opinion is given as to whelher Ihe accounts present a 'tsue and fair view and the report is limited lo those matters sel out in the statement below. Independent Examiner's statement In connection wilh our examination, no matter has come lo our altenlion.. 1. Which gives us reasonable Gause to believe that in any material respect Ihe requiiements-. lo keep accounling recoids in accordance wilh Section 130 01 Ihe ChaTlties Act: and lo prepare ac(x)unls which accord with the accounting recDTds and comply with the accrwnliro requirements of the Charities Act Have not been m81., or 2. To which, in our opinion. allenlion should be drawn in order to enable a proper undersianding of the 8ccounls lo be reached. EMMANUEL NTIM, MS¢. FCCA X-star Management Services Limiled 53 Saxville Road Orpington Kent 8R5 3AN x.srAR IrfANAseHYrtt'SÉiiVTCES UMIrn> 038•Mvlll• Rd, OrplDwoh. i(Mi, BR5 3AP• ¢)fnr•.'0168ge33934 Tol..079320?4018: hAu usl 202
CHRIST HOPE OF GLORY MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST JULY 2024 2024 2024 2023 Total Note General Restricted Total INCOMING RESOURCE Voluntary Income Gift Aid Returns Harvest Investment Income Totsl 389,471 89.190 389,471 89,190 197.077 20.232 8,095 6,318 231,722 478,661 478,661 Resources Expended Charitable Expenditure Special Collections Building Project Benevolent Fund Management and Administration 454,131 454,131 223,742 Total 454,131 454,131 223,742 Net Incoming Resources 24.530 24,530 7,980 Loss on Valuation of Assets Net Movement in Funds 24,530 24,530 7,980 Balance Brought Forward 22.738 22.738 14.758 Transfers Balance Carried Forward 47,268 47,268 22,738
CHRIST HOPE OF GLORY MINISTRIES BALANCE SHEET AS AT 31ST Jul 2024 2024 2024 2023 Note Non4urrent Assets TanJc ible Fixed Assets Investments 74.337 40.566 Current Assets Bank and Cash Balance Deposits Total Ctirrenl Assels.. 7,339 12,255 19,594 12.255 13,440 Current Liabilities Accriicils Net Ciiienl Assets Long term Liabiilities: Bank Loan Car Loan Net Assets 600 600 12.540 8,000 10,354 68,523 8.033 43,993 Funds Genercil FLinds bl Nel Incoming Resources 43,993 24,530 36,013 7,980 68,523 43,993 N¢ime: Dr Dominic An Signcltiire: Dale..
CHRIST HOPE OF GLORY MINISTRIES BALANCE SHEET AS AT 31ST Jul 2024 2024 2024 2023 Note Nonlurrent Assets Tangible Fixed Assets Investments 74,337 40,566 Current Assets Bank and Cash Balance Deposits Total Current Assets: 885 12.255 13,140 7,339 12,255 19,594 Current Liabilities Accruals Net Curent Assets Long term Liabiilities: Bank Loan Car Loan Net Assets 600 600 12,540 8,000 10,354 68,523 7,534 8,033 43,993 Funds General Funds bf Net Incoming Resources 43.993 24,530 36,013 7,980 68,523 43,993 Name.. Dr Dominic Anang Signature.. Date:
CHRIST HOPE OF GLORY MINISTRIES 5T NOTES TO THE FINANCIAL STATEMENT- 31 JULY, 2024 I. 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 (Unrestrirted Funds) are general funds which can be used for Church Council ordinary purposes. 2. 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 notif led of its entitlement. Funds raised by the fete and sim ilar events are accounted for gross. 3. 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. 4. FIXED ASSETS Other fixtures. fittings and off ice equipment are stated at cost when incurred. 5. DEPRECIATION Musical Instruments 250A Straight line on cost Furniture & Equlpment 20 0/0 Straight line on cost. Motor Vehicle 20Vo Straight line on cost
CHRIST HOPE OF GLORY MINISTRIES NOTES TO THE FINANCIAL STATEMENTS- 3110712024 2 Incoming Resources 2024 2023 General Restricted TOTAL TOTAL 2a Voluntsry Income General Fund Tithe & Offering Gift Aid Returns Social ( NM) Special Offering Children Donations Harvest Women Ministries Sundry Receipt 389,471 89,190 389,471 89.190 261,887 54.498 5,400 478,661 478.661 321,785.00 Bullding Project Sundry Donations Total 478,661 478,661 321,785 2c Activities in support of Objects Fundraising Walk Up Offering 2d Investment Income Church Hall Lettings Interest, dividend and gains 478.662 478,662 321,785
CHRIST HOPE OF GLORY MINISTRIES NOTES TO THE ACCOUNTS- 3110712024 3 RESOURCES EXPENDED 2024 2023 Management Benevolent Note & Admin Fund Totsl Total Charltable Donation: Rent staff costs Donations Professional Fees TransportlTraveVVehicle Council Tax Depreciation Noblemen Evangelisml Retreavministry Supporting Ghana Ministry ITI Website Social Events Training Welfare Children's Ministry Pension Rainbow Radio Program Printing, Postage & Stationery Insurance Publicity Bank charges Women's Ministry Office Expenses 40,152 18,354 6,000 8,250 17,717 125 26,190 9.155 32,813 195,351 610 25,000 21,064 6,219 5,820 300 2,358 1,224 225 160 400 13.000 23.644 454,131 40.152 18,354 6,000 8,250 17,717 125 26,190 9,155 32,813 195,351 610 25,000 21,064 6,219 5,820 300 2,358 1.224 225 160 400 13.000 23,644 0 454,131 24,548 39,889 15,172 2.150 12.488 124 11,941 9,854 22,973 17,007 205 6,752 6,200 10,502 16.354 940 2,690 1,462 672 1,109 331 10,518 9.861 223.742 10
- TANGIBLE FIXED ASSETS Musical Instruments Machinery & Equipment VAN Total COSTNALUATION At 1 st August, 2023 Additions At 31 st July, 2024 25,000 53.382 5,931 59,313 6,412 54.623 61,035 84,794 60,554 145,348 25.000 Depreciation: Balance @ 1 st Aug 2023 Charge for the Year Balance @ 1 st July 2024 10,000 5,000 15,000 28,995 5,931 34,926 5,826 15.259 21,085 44,821 26.190 71,011 Net Book Value: As at 3110712024 10,000 24,387 39,950 74.337 As at 3110712023 20,000 18,817 1,125 39,942
- Banklcash Balance Sumup ZEN Cashplus CAF 3,385 1,500 4,885
- Staff costs Net pay TaxlNI Pensions 16,771.00 1.283.00 300.00 18,354.00