Hope Church Colchester Limited A company limited by guarantee
## FINANCIAL STATEMENTS
for the year to 31st December 2023
Company Number 08563346 Charity Number 1154059
Hope Church Colchester Limited A company limited by guarantee
## FINANCIAL STATEMENTS
## for the year to 31st December 2023
## CONTENTS
|Company InformaLon|3|
|---|---|
|Trustees’ Report|4|
|Statement of fnancial acLviLes|5|
|Balance Sheet|5|
|Notes|6-7|
The following pages do not form part of the statutory accounts
Accountants Report
8
2
Hope Church Colchester Limited A company limited by guarantee
## Company informaLon for the year to 31st December 2023
|Charity registraLon number|1154059|
|---|---|
|Company registraLon number|08563346|
|Trustees|John Spademan|
||David Scrimshaw|
||Kym Stroud|
||Merle Johnson|
|REGISTERED OFFICE|1 Ventura drive|
||Colchester|
||CO12FG|
|BANKERS|CAF Bank|
|ACCOUNTANTS|Neil Loxley|
||Accountancy Services|
3
## Hope Church Colchester Limited A company limited by guarantee
## Trustees report for the year to 31st December 2023
Hope Church Colchester is a charitable company limited by guarantee incorporated on 10 June 2013 and registered as a charity. The company was established under a memorandum of associaLon which established the objects and powers of the charitable company and is governed under its arLcles of associaLon. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The organisaLon of the work of Hope Church is in the hands of the trustees. The governing documents provide for new trustees to be appointed by the current trustees.
**The objects** of the charity are to advance the ChrisLan faith in accordance with the statement of beliefs, to relieve those who are in need, hardship or are aged or sick and to promote and fulfil other purposes beneficial to the community. The main area of the charity's operaLons is the county of Essex.
**During the year** funds received from all sources have been used to maintain a congregaLon in Colchester with its associated acLviLes.
## **Financial Posi6on**
The accounts on pages 3 and 4 set out the transacLons for the period. The trustees are saLsfied with the overall posiLon. The trustees are confident that the long term viability of the company is not in quesLon.
## **Reserves policy**
The trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisaLon and consider that the unrestricted funds held by the charity should be between 3 and 12 months expenditure.
## **Future plans**
The trustees plan to conLnue and grow the acLviLes of the congregaLon in forthcoming years.
## **Small company exemp6ons**
The directors are saLsfied that the company was enLtled to exempLon under subsecLon (1) of secLon 249A of the Companies Act 1985 and that no member or members have requested an audit pursuant to subsecLon (2) of secLon 249B.
The directors acknowledge their responsibiliLes for:
I) Ensuring that the company keeps accounLng records which comply with secLon 221; and
II) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss in the financial period in accordance with the requirements of SecLon 226, and which otherwise comply with the requirements of this Act relaLng to accounts, so far as applicable to the company.
The directors have taken advantage of the special exempLons conferred by Part I of Schedule 8 of the Companies Act 1985 and have done so on the grounds that in their opinion the Company is enLtled to these exempLons as a small company.
…………………………………… Trustee
4
## Hope Church Colchester Limited A company limited by guarantee Statement of financial acLviLes for the year to 31st December 2023
|Restricted
funds
Unrestricted
funds
Note
£
£|Restricted
funds
Unrestricted
funds
Note
£
£|Restricted
funds
Unrestricted
funds
Note
£
£|Restricted
funds
Unrestricted
funds
Note
£
£||Total
£||2022|
|---|---|---|---|---|---|---|---|
|||||||||
|Incoming resources
Gihs & donaLons
Interest
**Total incoming resources**
Charitable expenses
SLpend costs
2,4
Building & ofce costs
Ministry expenses
Grants & overseas exps
Total charitable expenses
AdministraLve expenses
Accountancy
**Total resources expended**||||||||
||2,577
**2,577**||33,311
4,685
**37,996**||35,888
4,685
**40,573**||39,467
1,628
**41,095**|
|||||||||
||**0**||14,723
7,760
2,857
4,595
**29,935**||14,723
7,760
2,857
4,595
**29,935**||14,736
7,920
4,424
6,974
**34,054**|
|||||||||
||**0**||150
**30,085**||150
**30,085**||150
**34,204**|
|||||||||
|Balance sheet
As at 31st December 2023
**Surplus for year**
**2,577**
**7,911**
**10,488**
Retained proft brought forward
7,376
214,492
221,868
**Retained proft carried forward**
**9,953**
**222,403**
**232,356**
£
£
£||||||**6,891**
214,977
**221,868**
2022||
|**Current assets**
Bank accounts
Debtors –Gih aid tax reclaimable
**Total current assets**
Current liabiliLes
2
**Net assets**
6
Restricted funds
Unrestricted funds
**Total funds**||||||||
|||226,084
6,422
232,506
150||**232,356**
**232,356**||214,783
7,235
222,018
150
**221,868**
7,376
214,492
**221,868**||
|||||||||
|||9,953
222,403||||||
|||||||||
On behalf of the trustees
...........................................
5
Hope Church Colchester Limited A company limited by guarantee
## Notes to the accounts for the year to 31st December 2023
## **1. Accoun6ng policies**
The accounts have been prepared in accordance with applicable accounLng standards. There were no material departures from those standards.
## a) Basis of preparaLon of financial statements.
The financial statements have been prepared under historical cost accounLng rules. The effect of events relaLng to the year which occurred before the date of approval of the financial statements by the trustees, have been included in the statements to the extent required to show a true and fair view of the state of affairs at the year end and of the results for the period ended on that date.
## b) Fund accounLng
Unrestricted funds are available for use at the discreLon of the trustees in furtherance of the general objecLves of the charity. Restricted funds are subjected to restricLons on their expenditure imposed by the donor or through the terms of an appeal. The restricted funds are for relief of poverty or need in the congregaLon or community.
## c) Incoming resources
Income is included at the date the charity is enLtled to that income. The tax recoverable on gih aid donaLons is included on the date the original gih is received. The value of services provided by volunteers has not been included in these accounts.
## d) Resources expendable
Expenses is recognised on an accruals basis as a liability is incurred
## e) Capital equipment
The costs of minor addiLons or those less than £3,000 are not capitalised but any fixed assets are stated at cost less accumulated depreciaLon. DepreciaLon is provided at rates calculated to write off the cost of the asset over its expected useful life, in all cases esLmated at 4 years.
## **2. Creditors** :
Amounts falling due within one year - Trade creditors £ 150 p/y £150
## **3. Trustee remunera6on & related party transac6ons**
No trustee received any remuneraLon during the year. No trustee had any personal interest in any contract or transacLon entered into by the charity during the year
## **4. Taxa6on** :
As a charity Hope Church is exempt from taxaLon on income and gains to the extent that these are applied to the charitable objects. No tax charges have arisen in the charity
## **5. Analysis of net assets between funds**
||Restricted funds|Unrestricted funds|total|
|---|---|---|---|
|Net current assets|9,953|222,403|232,356|
6
## **6. Funds**
|ResLcted - Body needs
Restricted - NLCC
Care Garden
**Total restricted**|**b/f**
**income**
-757
75
8,133
1,855
0
647
**7,376**
**2,577**|**b/f**
**income**
-757
75
8,133
1,855
0
647
**7,376**
**2,577**|**exps**
**c/f**
-682
9,988
647
**0**
**9,953**|
|---|---|---|---|
|||||
|**General fund**|**214,492**|**37,996**|**-30,085**
**222,403**|
|||||
|**Total funds**|**221,868**|**40,573**|**-30,085**
**232,356**|
## **8. Comparison for previous year**
|**8. Comparison for previous year**|**8. Comparison for previous year**|**8. Comparison for previous year**|**8. Comparison for previous year**|||||
|---|---|---|---|---|---|---|---|
|Restricted
funds
Unrestricted
funds
Note
£
£|||||Total
£||2021|
|||||||||
|Incoming resources
Gihs & donaLons
Interest
**Total incoming resources**
Charitable expenses
SLpend costs
2,4
Building & ofce costs
Ministry expenses
conferences
Grants & overseas exps
Total charitable expenses
AdministraLve expenses
Accountancy
**Total resources expended**||||||||
||2,143
**2,143**||37,324
1,628
**38,952**||39,467
1,628
**41,095**||77,136
987
**78,123**|
|||||||||
||||14,736
7,920
4,424
6,760
**33,840**||14,736
7,920
4,424
0
6,974
**34,054**||15,433
5,106
6,959
773
6,225
**34,496**|
|||||||||
||214
**214**|||||||
|||||||||
||**214**||150
**33,990**||150
**34,204**||150
**34,646**|
|||||||||
|**Surplus for year**
Retained proft brought forward
**Retained proft carried forward**|**1,929**
5,447
**7,376**|**4,962**
209,530
**214,492**||**6,891**
214,977
**221,868**||**43,477**
171,500
**214,977**||
7
**Independent Examiner's report to the Trustees of Hope Community church Colchester Ltd**
I report on the accounts of the trust for the year ended 31st December, set out on pages 5 and 6.
## **Respec6ve responsibili6es of trustees and examiner**
As the charity's trustees you are responsible for the preparaLon of the accounts; you consider that the audit requirement of secLon 43(2) of the chariLes Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General DirecLons given by the Charity Commissioners under secLon 43 (7)(b) of the Act, whether parLcular mamers have come to my amenLon.
## **Basis of independent examiner's report**
My examinaLon was carried out in accordance with the General DirecLons given by the Charity Commissioners. An examinaLon includes a review of the accounLng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideraLon of any unusual items or disclosures in the accounts, and seeking explanaLons from you as trustees concerning any such mamers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connecLon with my examinaLon, no mamer has come to my amenLon:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounLng records in accordance with secLon 41 of the act; and
to prepare accounts which accord with the accounLng records and to comply with the accounLng requirements of the act
have not been met; or
- (2) to which, in my opinion, amenLon should be drawn in order to enable a proper understanding of the accounts to be reached
Neil Loxley.
8