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2023-12-31-accounts

The Parochial Church Council of Hope Church Hounslow

Registered Charity No. 1164343

Annual Report and Financial Statements

For the year ended 31[st] December 2023

The Parochial Church Council of Hope Church Hounslow

Contents

For the year ended 31[st] December 2023

Page No.
Report of the Parochial Church Council 01 – 07
Independent Examiner’s Report 08
Statement of Financial Activities 09
Balance Sheet 10
Statement of Cash Flows 11
Notes to the Financial Statements 12 – 21

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

The Parochial Church Council ("the PCC") presents its report together with the financial statements of the PCC for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies and comply with the Church Accounting Regulations 2006, applicable law and the requirements of the Statement of Recommended Practice, “Accounting and Reporting by Charities” ("SORP FRS 102").

Reference and administrative information

Church details

Church addresses Hope Church Hounslow, St Pauls Location, Bath Road, Hounslow West, TW3 3DA Hope Church Hounslow, Good Shepherd Location, 360 Beavers Lane, Hounslow West, TW4 6HJ Church office address Church Office, St Paul’s Church, Bath Road, Hounslow West, TW3 3DA Telephone 020 8581 5537 E-mail info@hopehounslow.org.uk Website www.hopehounslow.org.uk Clergy Vicar Rev. Claire Clarke Curate Rev. Rajesh Mhaske

Membership of the PCC

Members of the PCC are also charity trustees for the purposes of charity law and those who served from January 2023 to the date this report was approved are as below, unless indicated otherwise:

Chairperson Rev. Claire Clarke Secretary Debbie Bainbridge Clergy Rev Claire Clarke Rev Rajesh Mhaske Wardens Anita Potter / Cas Manning & Rina Francis Deputy Warden Mano Rathan Treasurer Kalpana Shah Members of the PCC Caroline Ferrier, Sandeep Thombre, Barbara Porter, Anil Munnangi, and Rebecca Gwaliwa.+ 2 clergy

1

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

Church Staff in 2023

Vicar’s PA Kirsty Robinson / Jo Minton (Part-time) Youth Lead, Communications & finance Chris Kettle (Full-time) Youth lead assistant Patrick Turuthi Community Lead Sue Wood / Fiona Smith (Full-time) Community Connector Vanessa Greig (Part-time) Children & Families Lead Emily Evans (Part-time – job share) Children & Families Lead Dee Sheady (Part-time – job share) Lay Minister Wendy Fay (Voluntary) Gena Smith (Voluntary) Buildings Manager Graham Neilson (Voluntary) Placement Students Jake Steell Angeline Marai Church cleaner Paula Asade

Church membership

The 2023 Electoral Roll has 119 signed up members.

Professional advisors and agents

Bankers

Barclays Bank, 368-372 Bath Road, Hounslow West, Middlesex, TW4 7HY

Independent Examiner Chaweevan Williams FCCA, Verdant Accountants Limited, 20-22 Wenlock Road, London N1 7GU Quinquennial Inspector Andy Burrell RIBA AABC Carden & Godfrey Architects 33 Clerkenwell Close, London EC1R 0AU

2

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

Structure and management

The PCC

In accordance with the Parochial Church Council (Powers) Measure 1956 the PCC is required to cooperate with the minister in promoting in the parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC is a registered charity with the Charity Commissioners. Registration No: 1164343.

The PCC meets six times per year plus PCC Standing Committee meetings. Church members are encouraged to find out about any matters of particular interest to them by speaking to one of the PCC members. The minutes from all PCC meetings can be obtained from the PCC Secretary. Any relevant matters arising from the PCC meetings are raised in church notices and summarised on the weekly What’s On email which is accessible on the website with extra copies available in church.

The PCC has committed itself to appointing and financing a paid staff team, working alongside the clergy. In addition, many members of church are involved in activities and responsibilities on a voluntary basis.

The Wardens and Members of the PCC are elected each year at the Annual Vision Meeting (APCM) from members of the electoral roll. The members of the PCC receive induction and ongoing training using appropriate material made available through the Diocese of London.

There are currently no ex-officio members of the PCC.

Annual Vision Meeting (AVM/ APCM )

The AVM is the main meeting for the church as a whole at which elections are carried out for officers of the church, including the PCC, in line with the normal rotation of elections. The AVM reviews the year just gone and the future vision. This is typically held in March or April, depending on the timing of Easter.

Deanery Synod

Deanery Synod representatives are elected for a three-year term at the respective Annual Vision Meetings. Our current representatives are Caroline Ferrier, and Barbara Porter.

Our vision and purpose

We are a faith community of One Church: Two Locations in Hounslow West, with a desire to worship and serve Jesus Christ. Our purpose is to love Jesus, love our church community and love our local community. We place great value in the bible, gathered worship and prayer and living out our faith in action with each other and within the wider community.

3

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

2023 Report

2023 - a year full of blessings and challenge for us as a church. We started the year with a call to share the Lord’s loving kindness with eachother, with our local community and with all we meet and our verse of the year was Romans 12: 12 – Be joyful in hope, patient in affliction, faithful in prayer.

Hope church has become established as one church, two locations and is thriving in many ways. We have been seeing an average of 450 people each week through the various ministries of the church.

We’ve had baptism, welcomed the new Bishop of Kensington and the Archbishop of Canterbury Justin Welby through the Bishops Mission Order for Hounslow and Southall we are involved with. We had a Kids takeover, a Ugandan takeover and an Indian takeover, Easter was a wonderful celebration with the Community Choir and a giant Easter Egg hunt and carnival, as well as the special Kings Coronation picnic.

The power surge problems weren’t going to stop us having a special and memorable Christmas with hundreds of people coming to the various services, parties, meals, and celebrations!

Staff Team & PCC

The staff team worked so hard in 2023 and the team continues to support each other and to give all they have to serve the Lord, His church and the community.

Graham Neilson our volunteer buildings manager has made sure we continue to run in tip top condition – a huge thank you to him for his commitment and dedication to the work here especially during the trying months following the power surge in October.

4

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

It has been a pleasure and privilege to serve with this staff team, as well as with Wendy Fay and Gena Smith, both of whom serve as Licensed Lay Ministers.

We have a very healthy PCC serving the church with wisdom and insight. We met 6 times over the course of the year, following our governance calendar with regular agenda items being vicars, finance, buildings, and safeguarding reports as well as making sure all our policies are kept up to date.

A huge thank you to our wardens, Anita Potter who served until July 2023 and then Cas Manning who was co-opted to come on board when Anita left, Rina Francis and Mano Rathan, and also to Debbie Bainbridge as PCC secretary and Kalpana Shah as treasurer – they have been brilliant, and I am so grateful for the wonderful gifts and skills they bring to the ministry here. They are such a wonderful support, full of wisdom and integrity and they have worked so hard over the past year.

Partners in the Gospel

Many in our church community serve sacrificially in the work of mission and ministry in our parish for which I am incredibly grateful! The church simply could not function without every member playing their part and we are so grateful for all you do in partnering with us in the work of the Lord in this place and in our community, workplaces and networks.

Lifegroups

We have seen our termly small groups really take off this last year with 6-7 small groups running each term and it has been great to see new leaders having a go at leading and more people involved in supporting and cheering each-other on through this ministry.

Vision and Mission Action Plan

The 2[nd] year of our 3 year Mission Action Plan saw some wonderful answers to prayer and development on the areas we set as goals:

5

THE PAROCHIAL CHURCH COUNCIL OF HOPE CHURCH HOUNSLOW

Report and Financial Statements Year ended 31 December 2023

Services in 2023

We started 2023 with 3 services a week.

Our church@ten services looked at Vision & Values, a series called ACCEPTED, we looked at HEAVEN through the summer, and in the autumn, we looked at being WHOLEHEARTED for Jesus. We had 3 wonderful takeovers – a Ugandan and an Indian Takeover as well as a Kids Takeover – all of which were really very special.

church@five finished - Deeper@five began ! Our Good Shepherd Location Sunday service started with a series on EMOTIONS & MAKE IT FUN, before focussing on the rhythms of life in Morning, Noon and Night. In the summer we worked through the book of Daniel. These services were interactive and designed for all ages. In the Autumn we launched DEEPER@FIVE – a place to grow deeper in prayer, worship, study and receiving both from the Holy Spirit and in Communion. We have had some wonderful guest speakers each month and some precious times with the Lord in worship & prayer.

Thursday Church continues to be a great opportunity to worship before community coffee morning, and Foodbank and we have seen community people join us here. A big thanks to Gena Smith who took on the oversight of this service, ably assisted by Anita Potter, Sue Wood, Fiona Smith, Wendy Fay and the clergy.

Festivals in 2023

EASTER – we met at Thursday Church for Maundy Thursday service and had a powerful Good Friday service with voice overs, spoken word and worship. Then, what a wonderful celebration on Easter day at our Good Shepherd Location with our community choir, where we saw nearly 200, many from the community come to celebrate and join in the celebrations and Easter Egg hunt in the garden!!!!

CHRISTMAS Services were such a joy as we celebrated the birth of our Saviour and shared Good News with those we invited from our community – we saw over 500 people attend our special Christmas services.

Funerals, Baptisms & Dedications

There have been some funerals this year but no weddings in 2023. We have had some wonderful baptisms and dedication services.

Prayer

We have continued praying through prayer requests sent into the church from community folks and church members alike and sent to a team of people to pray on a weekly basis. We also pray before services and ministry activities and in our services. This is an area we are looking to grow and develop in.

CHURCH WEEKEND

We had a special Church weekend together in June 2022 which saw the whole church come together for worship, teaching from Rev Tim Rose, sharing, prayer, food and lots of fun; with the theme ‘The Joy of the Lord is our strength!’

Pastoral Work

Gillian Fontaine continues to co-ordinator our Pastoral Care with me and Gena Smith as well as Lifegroup Leaders. Thank you to all who have played their part in this work alongside the clergy and staff team.

6

THE PAROCHIAL CHURCH COUNCIL OF HOPF. CHURCH HOUN.SLOW Repoi't aijd Fjnkiieial Statemcnts Year ended 31 Deeembei. 2023 Fi11gneial Rei'ieiv Public Benefit The PCC is aware of the Chai'ity Commission's guidancc on public benefit and, in particular, the speeific giiidance on charities for the advancement of religion and have taken a¢count of it in tlie admiiiish'ation of thc ¢hurcli. The PCC believes tliat by promoting th¢ Christian faitt] it pi'ovides a ben¢fIt to the public by.. Providing facilitlC5 foi. public woi'qhip, pastoral eai'e and spii'itual development, both for exi5tiiig chui'ch illcmbeiE and for anyone who wishes to benefit fi'om what the chui'eh offei's. and Pi'oinoting Christian values and servicc by members of the ¢hui'ch in and to their eoininunities to the benefit of iiidividua15 and to society as a whole. i'oval Oil behalf of the PCC.. Rcv. Claire Clarke. Vicai..

The Parochial Church Council of Hope Church Hounslow

Independent Examiner’s Report

For the year ended 31st December 2023

I report to the Parochial Church Council on my examination of the accounts of the Charity for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Where the charity's gross income exceeded £250,000 I am qualified to undertake the examination by being a Fellow of the Chartered Association of Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Chaweevan Williams FCCA Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Road London N1 7GU

Date: 21 March 2024

08

The Parochial Church Council of Hope Church Hounslow

Statement of Financial Activities

For the year ended 31st December 2023

Note
INCOME FROM:
Donations and legacies
Voluntary Income from donors
Other voluntary income
Charitable activities
Investment income
Miscellaneous income
TOTAL INCOME
2
EXPENDITURE ON:
Charitable activities
TOTAL EXPENDITURE
3
Net income / (expenditure)
Gross transfers between funds
13
Net movement in funds
Other recognised gains and losses
Gain/(loss) on investment asset
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
13		 2023
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
111,958 22,333 134,291
27,199 89,831 117,030
139,157 112,164 251,321
34,278 - 34,278
70 - 70
405 705 1,110
173,910
112,869
286,779
209,388 71,793 281,181
209,388
71,793
281,181
(35,478)
41,076
5,598
(1,444)
1,444 -
(36,922)
42,520
5,598
3,594 -
3,594
121,701
44,307 166,008
88,373
86,827
175,200		 2022
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
118,272 21,741 140,013
43,521 3,931 47,452
161,793 25,672 187,465
34,392 - 34,392
109
109
-- -
196,294
25,672
221,966
201,754 74,242 275,996
201,754
74,242
275,996
(5,460)
(48,570)
(54,030)
(107)
107 -
(5,567)
(48,463)
(54,030)
(8,316) -
(8,316)
135,584
92,770 228,354
121,701
44,307
166,008

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 12 to 21 form part of these financial statements

09

The Parochial Church Councll of Hope Church Hounslow Balance Sheet HOPE CHURCH HOUNSLOW As at 31* Decfymber 2023 2023 2022 Nole Flxed assets Tangible fixÈd assets Investments 20,176 86,976 22,857 63,382 87,152 86.239 Curront assets Debtors Cash al bank and in hand 11 22,008 80,932 102,940 12,464 97,819 110,283 CrÈdltor8.' falling due wlthln one year 12 14,892 30,5141 N8t current a$$ets 88,048 79,769 Net assets less current liabllltles 175,200 166,008 TOTAL NET ASSETS 175.200 166,008 RESERVES Restrlcted funds Hop8 Haven The Hub Foodbank Kitchen Good Company Splre Proj8Ct Kick A¢ad8rny Floorino Transforming Soulhall & Hounslow 13 3,464 1,314 25,931 7,574 4.324 2,990 1,582 592 51,079 7,574 3,050 2,990 5,426 592 12,652 13 86.827 44,307 Unrestricted fund$ Gen8ral fund 13&14 88,373 121,701 TOTAL FUNDS 13 175200 166 008 These a¢counts have been prepar8cS in ac¢ordanc8 with the Charit18s Sorp IFRS 1021. These accounts were approvad by the PCC on 20 March 2024 and were slgn8d on its behalf by.. Rov C Clarke lchairpersonl C. Manning The not88 on pages 12 to 21 form part of these financial statements. 10

The Parochial Church Council of Hope Church Hounslow

Statement of Cash Flows

For the year ended 31st December 2023

Notes
Cash flows from operating activities
19
Cash flows from investing activities
Purchase of fixed assets
Cash flows from financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
(13,227)
(3,660)
-
(16,887)
97,819
80,932		 2022
£
(29,687)
(4,053)
-
(33,740)
131,559
97,819

The notes on pages 12 to 21 form part of these financial statements.

11

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

1. ACCOUNTING POLICIES

The following accounting policies have been applied in dealing with items which are considered material in relation to the church’s accounts.

Basis of preparation

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP (FRS 102), in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (SORP 2015 FRS 102) and under the historical cost accounting rules.

Incoming resources

The accounts are prepared on the accruals basis of accounting: income is recognised when receivable, except for donations of all kinds that are recognised when received: income tax recoverable is recognised at the same time as the donation. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Legacies are only recognised when received. Donated goods are recognised at fair value.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance condtions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Resources Expended

'Resources expended’ has a wider meaning than ‘expenditure’: it excludes the costs of fixed assets that are capitalised but includes their subsequent depreciation on the basis set out below. The categories are defined by the SORP 2015 are:

Funds

General funds represent funds that are not subject to any restrictions regarding their use and are available for application of the PCC ordinary purposes.

Fixed assets and depreciation

Consecrated land and buildings and movable church property are excluded from the accounts by s10 of the Charities Act 2011.

Items of plant and equipment used within the church and others premises are capitalised where acquisition value exceeds £250. Depreciation rates are:

Computer Equipment 4 years
Fixtures & Fittings 10 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

The charity is able to reclaim VAT on repairs to the church because the building is Grade 2 Listed.

Leases

Assets acquired under finance leases are capitalised and the outstanding future lease obligations are shown in creditors. Operating lease rentals are listed where applicable.

12

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

1. ACCOUNTING POLICIES (cont’d)

Cash at bank and in hand

Cash at bank and in hand includes funds deposited with CBF Church of England funds.

Pensions

The church does not administer a pension fund and accrues for the cost of defined contribution schemes as incurred.

Going concern

The trustees have considered the global impact of the Coronavirus “COVID-19” on the charity. The financial statements has been prepared on a going concern basis as donations have remained consistent which has allowed the charity to carry on providing to the local community. The charity has taken advantage of government support such as furlough scheme.

13

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

2.
INCOME
2023
Unrestricted Restricted
Total
Funds
Funds
Funds
£
£
£
Voluntary income from donors
Standing Orders
direct
66,800 3,961 70,761
via charitable agencies
- - -
Single gifts
-
direct
17,883 14,638 32,521
Income tax recoverable
16,923 1,955 18,878
Collections at all services
10,352 1,779 12,131
111,958 22,333 134,291
Other voluntary income resources
Grants
Other
21,041 81,504 102,545
Other income
- - -
Kick kit purchases/membership fees
8,327 8,327
Diocesan fees( unallocated)
- - -
Focus events
180 - 180
Play Cafe
245 - 245
Cafe
92 - 92
Youth Work
4,002 - 4,002
Stewardship Account
- - -
Church Weekend Away
1,639 - 1,639
27,199 89,831 117,030
Total donations and legacies
139,157 112,164 251,321
Incoming resources from charitable activities
Fees
6,369 - 6,369
Church hall lettings
27,909 - 27,909
34,278 - 34,278
Investment income
General fund
70 - 70
70 - 70
Other income
Miscellaneous
405 705 1,110
405 705 1,110
Income from charitable activities
34,753
705
35,458
TOTAL INCOME
173,910
112,869
286,779
2022
Unrestricted Restricted
Total
Funds
Funds
Funds
£
£
£
65,275 2,936 68,211
- 25 25
-
23,306 4,706 28,012
19,960 844 20,804
9,731 13,230 22,961
118,272 21,741 140,013
39,868 3,931 43,799
- -
100 - 100
1,262 -
1,262
221 - 221
224 - 224
1,846 - 1,846
- - -
- - -
43,521 3,931 47,452
161,793 25,672 187,465
7,167 - 7,167
27,225 - 27,225
34,392 - 34,392
109 - 109
109 - 109
- - -
- - -
34,501
0
34,501
196,294
25,672
221,966

14

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

3. EXPENDITURE

2023
Unrestricted Restricted
Total
Funds
Funds
Funds
£
£
£
Grants (note 4)
Christian relief and development
4,344 30 4,374
Home mission and school
- - -
4,344 30 4,374
Activities directly relating to the activities of the church
Common Fund – Parish standard cost
57,030 - 57,030
Additional clergy and parish costs
2,209 - 2,209
Children’s and youth work
6,880 12,983 19,863
Church
3,689 11,123 14,812
3,561 169 3,730
73,369 24,275 97,644
Support costs (note5)
Administrative staff
70,812 32,933 103,745
Communication and publicity
352 - 352
Church office(Incl Repairs -General)
44,007 14,555 58,562
Bank charges
441 - 441
Depreciation
6,341
6,341
Governance costs – audit & accountancy fees
9,722 - 9,722
(2023 costs included 2022 IE fee of £2,520)
131,675 47,488 179,163
TOTAL EXPENDITURE
209,388 71,793 281,181
Events expenditure(note 7)		 2022
Unrestricted Restricted
Total
Funds
Funds
Funds
£
£
£
4,884 676 5,560
- - -
4,884 676 5,560
56,518 - 56,518
1,973 - 1,973
4,360 11,415
15,775
7,251 4,757 12,008
1,605 14 1,619
71,707 16,186 87,893
61,615 40,566 102,181
1,744 - 1,744
48,813 16,814
65,627
312 - 312
5,975
5,975
6,704 - 6,704
125,163 57,380 182,543
201,754 74,242 275,996

15

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

4. GRANTS – MISSIONARY & CHARITABLE GIVING

Support of
overseas
missionaries
(incl short term)
£
To Institutions
ASHA- Donation
-
Transforming Lives for Good
-
Hope for Justice
-
Surplus to Supper
-
Crosslight -LYN
-
Tearfund Syria
-
Various grants less than £1,000
-
To individuals
C Clarke
D Sheady
Various grants less than £1,000
-
Total
-
Being
Unrestricted Fund
Restricted Fund		 Support of
overseas
missionaries
(incl short term)
£
To Institutions
ASHA- Donation
-
Transforming Lives for Good
-
Hope for Justice
-
Surplus to Supper
-
Crosslight -LYN
-
Tearfund Syria
-
Various grants less than £1,000
-
To individuals
C Clarke
D Sheady
Various grants less than £1,000
-
Total
-
Being
Unrestricted Fund
Restricted Fund		 2023 2023 Total
£
-
900
-
250
-
419
562
1,892
351
4,374
4,344
30
4,374		 2022
Christian
relief &
development		 Home
mission		 Total
£
-
-
-
-
-
-
-
-
-		 £
0
900
-
250
-
419
562
1,892
-
321
4,344		 £
-
-
-
-
-
-
30
30		 £
100
900
100
-
676
-
260
-
1,000
2,524
5,560
4,884
676
5,560

16

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

5. SUPPORT COSTS

5.
SUPPORT COSTS
Administrative staff
Communication and publicity
Church office
Bank charges
Depreciation
Governance costs-IE & accountancy fees		 25%
15%
25%
10%
25%
Children’s
Youth
Events
Basis of
Worker
Pastoral
Work
Expenditure
Worship
Total
allocation
£
£
£
£
£
£
£
25,936 15,562 25,936 10,375 25,936 103,745
usage
88 53 88 35 88 352
usage
14,641 8,784 14,641 5,856 14,641 58,562
usage
110 66 110 44 110 441
usage
1,585 951 1,585 634 1,585 6,341
usage
2,431 1,458 2,431 972 2,431 9,722
usage
44,791 26,874 44,791 17,916 44,791 179,163

6. RESOURCES EXPENDED INCLUDE

Diocesan Common Fund
Hire of plant and machinery
Independent examination		 2023
2022
£
£
57,030
56,518
--
2,700
2,520
59,730
59,038

7. EVENTS INCOME AND EXPENDITURE

Focus
Sleepout Challenge
Other events
Being
Unrestricted Fund
Restricted Fund		 2023
Incoming
Resources
Net Income
resources
expended
/ (spend)
£
£
£
-
0
0
-
0
0
-
(3,730)
(3,730)
-
(3,730)
(3,730)
-
(3,561)
(3,561)
-
(169)
(169)
-
(3,730)
(3,730)		 2022
Incoming
Resources
Net Income
resources
expended
/ (spend)
£
£
£
- - -
- - -
-
(1,619)
(1,619)
-
(1,619)
(1,619)
-
(1,605)
(1,605)
-
(14)
(14)
-
(1,619)
(1,619)

8. STAFF NUMBERS AND COSTS

The average number of staff (full time equivalent but excluding those within the diocesan quota, namely the vicar and curate) working for the church during the year was as follows;

Lay ministers
Administration
Total
No employee was paid more than £60,000. The aggregate payroll costs were as follows;
Wages and salaries
Social security costs
Other pension costs		 2023
2022
2 2
7 5
97
£
£
99,951 85,276
(52) 1,066
3,846 4,312
103,745 90,654

17

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

9.
TANGIBLE FIXED ASSETS
Computer
equipment
£
Cost or valuation
At beginning of year
38,786
Additions
-
Disposals
-
At the end of the year
38,786
Depreciation
At beginning of year
29,616
Disposals
-
Charged in year
4,275
At the end of the year
33,891
Net book value
At 31 December 2023
4,895
At 31 December 2022
9,170
10.
FIXED ASSET INVESTMENTS
Investment
11.
DEBTORS
Trade debtors
Accrued Income
Gift Aid recoverable
VAT Recoverable
Prepayments and accrued income
12.
CREDITORS DUE WITH ONE YEAR
Trade creditors
Social Security and other taxes
Pension payable
Accruals and deferred income ( consist of various grants received)
Other creditors		 Fixtures &
Fittings
£
21,135
3,660
-
24,795
7,448
-
2,066
9,514
15,281
13,687
2023
£
66,976
66,976
2023
£
2,925
9,839
2,753
2,374
4,117
22,008
2023
£
5,715
2,232
(471)
7,416
-
14,892		 Total
£
59,921
3,660
-
63,581
37,064
-
6,341
43,405
20,176
22,857
2022
£
63,382
63,382
2022
£
2,104
-
5,485
994
3,881
12,464
2022
£
4,025
(504)
26,993
-
30,514

18

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

13. UNRESTRICTED AND RESTRICTED – MOVEMENT IN FUNDS

Unrestricted Funds:
General Fund
Other recognised gains and (losses)
Gain/(loss) on investment asset
Total unrestricted funds
Restricted Funds:
Bridge The Gap
Hope Haven
The Hub
Foodbank
Kitchen
Good Company
Spire Project
Kick Academy
Flooring
Jack Petchey - Youth
Jack Petchey – Kick
Transforming Southall & Hounslow
Total restricted funds
Total funds
14.
UNRESTRICTED FUND
Reserves at the beginning of the year
Net (outgoing) / incoming reserves
Reserves at the end of the year		 Balance at
31 Dec 2022
£
83,411
38,290
121,701
-
-
1,314
25,931
7,574
4,324
2,990
1,582
592
-
-
44,307
166,008		 Incoming
Resources
£
173,910
3,594
177,504
42
8,850
-
68,336
-
4,071
-
17,644
-
-
49
13,877
112,869
290,373		 Resources
Expended
£
(209,388)
-
(209,388)
(384)
(5,386)
(2,202)
(43,188)
-
(5,345)
-
(13,800)
-
(80)
(183)
(1,225)
(71,793)
(281,181)		 Transfers
£
(1,444)
-
(1,444)
342
-
888
-
-
-
-
-
-
80
134
-
1,444
-
2023
£
121,701
(33,328)
88,373		 Balance at
31 Dec 2023
£
46,489
41,884
88,373
-
3,464
-
51,079
7,574
3,050
2,990
5,426
592
-
-
12,652
86,827
175,200
2022
£
135,584
(13,883)
121,701

15. COMMITMENTS

There were no capital commitments entered into during the year.

16. PENSIONS

The church may make discretionary defined contributions to employees’ personal pension schemes. The assets of such schemes are held separately from those of the church in independently administered funds. The pension cost charge represents contributions payable by the church to the funds and amounted to £3,846 (2022: £4,312).

19

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

17. ANALYSIS OF FUND ASSETS

As at 31 December 2023
Cash at bank and in hand
Debtors
Current creditors
Net current assets
Fixed assets		 Hope
Haven
£
3,464
-
3,464
-
3,464
-
**3,464 **		 Foodbank
£
51,079
-
51,079
-
51,079
-
51,079		 Kitchen
£
7,574
-
7,574
-
7,574
-
7,574		 Spire
Project
£
2,990
-
2,990
-
2,990
-
2,990		 The Hub
£
-
-
-
-
-
-
-		 Sub total
£
65,107
-
65,107
-
65,107
-
**65,107 **
As at 31 December 2022
Cash at bank and in hand
Debtors
Current creditors
Net current assets
Fixed assets		 Children’s
Worker
£
-
-
-
-
-
-
-		 Foodbank
£
25,931
`
25,931
-
25,931
-
25,931		 Kitchen
£
7,574
-
7,574
-
7,574
-
7,574		 Spire
Project
£
2,990
-
2,990
-
2,990
-
2,990		 The Hub
£
1,314
-
1,314
-
1,314
-
1,314		 Sub total
£
37,809
-
37,809
-
37,809
-
37,809
As at 31 December 2023
Cash at bank and in hand
Debtors
Current creditors
Net current assets
Fixed assets		 Good
Company
£
3,050
-
3,050
-
3,050
-
3,050		 Kick
Academy
£
5,426
-
5,426
-
5,426
-
5,426		 Transforming
SH& H
£
12,652
-
12,652
-
12,652
-
37,956		 Flooring
£
592
-
592
-
592
-
**592 **		 General
£
(5,895)
22,008
16,113
(14,892)
1,221
87,152
88,373		 Total
£
80,932
22,008
102,940
(14,892)
88,048
87,152
175,200
As at 31 December 2022
Cash at bank and in hand
Debtors
Current creditors
Net current assets
Fixed assets		 Good
Company
£
4,324
-
4,324
-
4,324
-
4,324		 Kick
Academy
£
1,582
-
1,582
-
1,582
-
1,582		 Transforming
SH& H
£
-
-
-
-
-
-
0		 Flooring
£
592
-
592
-
592
-
592		 General
£
53,512
12,464
65,976
(30,514)
35,462
86,239
121,701		 Total
£
97,819
12,464
110,283
(30,514)
79,769
86,239
166,008

20

The Parochial Church Council of Hope Church Hounslow

Notes to the Financial Statements

For the year ended 31st December 2023

18. RELATED PARTY DISCLOSURES

No payments were made to members of the PCC in the year.

19.
RECONCILIATION OF NET INCOME / (EXPENDITURE) TO
NET CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(expenditure) for year
Depreciation
(Gain) / Loss on investment asset
(Increase) / decrease in debtors
Increase / (decrease) in creditors		 2023
£
9,192
6,341
(3,594)
(9,544)
(15,622)
(13,227)		 2022
£
(62,346)
5,975
8,316
824
17,544
(29,687)

21