## **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. - Sue left us in the Summer as she retired and moved to Leicestershire to be closer to her boys. We are so grateful to her for her 2 ½ years on team with us. - Jake also left in the summer after 3 years as our youth student – he grew so much over those years and was a great support to Chris as well as doing lots of media, drumming, helping and fixing things! - We welcomed Fiona in September 2023 to take on the role of Community Development lead and also welcomed Patrick as youth assistant lead. - Chris continues to devote himself to the young people and has been leading in developing the work and seeing it grow substantially. Chris also leads on our design & communication work. - Vanessa has seen Hope Haven our asylum seekers and refugees work grow, and has been developing the work of Good Company – our weekly lunch for over 50’s. She has such a heart for those she serves. - The Vicar’s PA role was shared in 2023 with Kirsty covering Jo’s maternity leave January to October when Jo returned as my PA. - Finance and hall hire new post – The wonderful Michael Philips has been looking after our hall hirers for many years as a volunteer and he stepped down in September after some health issues – we are so grateful for all his hard work overseeing this. Kirsty had already been leading on the day-to-day finance administration of the church and so we added hall hire to her role in October. - Dee has continued as our Children and Families lead while Emily went on maternity leave. In 2023 Dee lead Kids Church, Playcafe, TLG mentoring in schools; as well as Christmas & Easter activities and a family fun day. - Rajesh was priested in June 2023 having completed his first year of curacy training. He continues to serve in pretty much every area of ministry and is such a man of prayer! - We had Angeline as our Kensington Ministry Experience Scheme student until July 2023 – she was an incredible hard worker and a particular support to Vanessa in her work. 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: - 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - 2 the accounts do not accord with those records; or - 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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: - Costs of generating funds are those incurred in fundraising. - Charitable expenditure comprises those costs incurred by the PCC in the delivery of its activities and services. It includes all costs that can be allocated directly to such charitable activities. - Governance costs include those associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees. - Support costs are allocated based on usage level. ## **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| ||**9**7| ||**£**
£
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