HOPE CHURCH HOUNSLOW The Parochial Church Council of Hope Church Hounslow Registered Charity No. 1164343 Annual Report and Financial Statements For the year ended 3151 December 2024 Thg Parochlal Church Councll of Hopg Church Hounslow Contents HOPE CHURCH HOUNSLOW For the year ended 31$1 December 2024 Page No. Report ol the Parochial Church Council 01-07 Independ8nl Examinerfs Report 08 statement of Financial Activities 09 Balan¢e Sheet 10 statement of Cash Flows Notes lo the Financial Statements 12-21 THE PAROCTrIIAL CHURCH COUliCIL OF HOPE CHURCH HOUNSLOW Report aEI(l Fillanckal StatL'mertts YeAr ended 31 Decembtr 21b24 The P#rochial C'.hurch Counell ("thc PCC.") pr¢%ent& its report logl.ther ivith Ilie Iinallci91 stAteiiicnts of tlic PC.C for tlic year endcd.11 Docomber 2024. 1.lic finanesal statcmcnts liaic bccn prcpRI'ed in 4LC(Ird4nLL& lyith thL 4LC¢)Ulltln& poliLjLiS and comply ii'lth tho ChurLlI ALL(Illlltln Ile%uldilioii% 2006, #pplicdble IAIV tlie i'eqiiii'ciiieii15 of tlie Slaleiiielll of ￿￿￿MMen￿le￿ Pr8ctite, 'Aecountin% and Repi)rtin% bi, Cl)arilies" ("SORP FRS 102"). R fL¥reiicc and admiDlstr#tlve Inforiiiutio Chui-ch d¢talls ChurLh dddrcsscs Hopc Church Hvunslow, St Pduls Location. Ratli Roiid, HoLin8low Wc81. TW3 3DA Hopc Chui'ch Holinslow, Good Sl)cplicrd Location, 360 BcaiTers Lallc, Houi)sloiv Wcst, TW4 6HJ C.hui'ch officc addicss Cl)ur¢h Officc, Si Paul's Church, BAth Road. Hoiinblow WLYt, TW3 3DA T¢l¢pl)one E-inail Websile 02111151115537 info hL)iinslow.vr ) uk iyiviv.lio Clergy Vicar Ciirate Rcv. Llit ire L larke R¢v. Rajesh Mhaske until S¢pt¢mber 2024 M¢mbei'511ip of the PCC Meinbei'4 ofilie PCC are cilso cl)ai'ily Ini%lee% for Ilie piirpo%es ofcliarily Idw and Ihose who %ci'ved from January 2023 to the date Illi$ re])()rt wa.% ￿￿PPI.0Ved al'e as b¢low, uiile84 indicated otl)¢rwiEe.' Chaii'person Rev. Claire Clarke Seci'ctai'y Dcbbic Bainbridgc Clei'gy Rey Claire Clarke Rcv Rajesh Mhaskc Wardeiis Cas Maniiing & Mano Rathan Ti'LdSUIL'r Kdlpdna Shcih Meinbei% ()f the PCC Caroline Fe￿ier* ￿salldeep Thamhi'e. David Bainbi'idge, Ali Lcvcll, Si L¢vcll and Rebccca Gwo1iwa.+ 2 clergy TFIE PAROCHJAL CHURCH couf*CIL ofi HOPE CHURCH HOUNSLOW liq)oil ajiil Fill￿ne1￿1 Sllltenient5 YeAr elided 31 Decemlper 2024 Church Staff In 2024 Vi¢ar's PA Joani)ll Miiiton IPai'l-time) Youtli Lcad, cojnniunie4tioiis & finanLo Chris KLtilb (Full-liint) Administr4?tOl' I1nd Pin1¢ 1)ce Kiisty Robinson {Part-Itine) Coniniunity Le1c d I￿1¢ Sievei)s / Chris Breclil (Parl-tin)e) C01171nunity Conneelor Vanessa Gitig (Part-tii))cl Children & Families Lead Dee Slieady / Sweety Vinoslia IParl~iimc- JL)b sharc) Ordinaiid Dee Sheady (Part-timel L4y Mii)iblLr GLii¢l Sniitli (Voluiitai'y} BLiildings Manager G12ham Neilstjn (Volilntary) Cliurch clellner Paula Asade Church membersliip Tlie 2024 Electoral Roll has 126 sigi)ed up niembers. Pi'ofessional adi'i$or& ai)d agonts Bankurs Bar¢l&ys Bank, 168-.172 Bdtli Roacl, Hollnsloiv WLSt, Middlesex, TW4 711Y Indcpcndcnt ExdllliTICI' Chaweevaii Willidins FCC.A. Vcrdant Acc(Truiitants Liiiiitcd. 20-22 Wenlock Road, Lolidoi) NI 7GU Quinquennial Inspector idy Buiirll RIBA AABC Cai'dcn & Godfr¢y Arcliilcct$ 33 Clerkcnw¢ll Close, Londoii ECIR OAU THE PAROCHIAL CHURCII COUTr4CIL OF HOPE CHURCH HOUNSLOW Year eiideil 31 Dteenib¢r 21124 Sti'uctui'e and maiia ement Tth¢ PCC In accordance with Ihe Pa1￿chI&1 Church Council (Powth'sl Measure 1956 Ihc PCC is r¢qiiii'cd to co- 01)ciutc with ih¢ Jiiinistcr in proinoling in thc parisl) Il)c wholc Inission of the Church.- pastoral, evaiiLyeli8tic, social lid eciiinei)ical. Th¢ PCC a re¥istei'ed charity with the Charity Conllnissioiiers. Regisii'aiion No.. 1164343. The PCC, iiieels six linie% per yeai. pliis PCC Siandillb Coinmillee 112eeting%. Chuich iiienibeiN are encoiiragcd tn fin(1 out ahout aiiy illmmunity of One Church: Two Loeatlnns in Hounslow West. with a desire to wor51iip and s¢rv¢ Jesus Clii'ist. Oui. purpoge is to love Jesus. love oui. chiir¢h coinmunity and love oiii. lo¢al LQtiiiiiui)iry. WL plaLb grcut iidlii¢ iii tlie biblc, gatlicrcd wors1)Ép and prayci. aiid livÉii¥ oul uur fuith ij) action ivitli ea¢h otlier and within the wider ¢omniuiiity. THE PAROCHIAL CHURC'H COU￿,c]L OF HOPE CHURCH HOUNSLOW Ilepoi't atid finxiitiAI Staleiiients Year ended 31 Deoeniber 2024 2024 Re 21124- a year full of blesqingF8 01)d cl)alleiige for us as a eliiircli. We stalled Il)e year with a call to prayer, disccimment and bcginning th¢ process to wyitc a n¢w Mission Action Plan foi. 2025-2027. Oui. versc of tli¥ y¢ar Wdb Psaliii 15..4-5.' Sli()w iiiL yoiir ways. Lord. tcaLli iiiL yoiir i)athb. Giiidc iiTrc iii yoiii. tnith aiid tedeh me. for you Cjod iiiy Sawior, snd iiiy hope is iii yoii all day long. Hope chuycli has IK'comc LslablisliLd as one chiirbh, Iwo IoLations and is thriving in many ways. WL Iiave be¢ii %eeiiig average of450 people ea¢li week throiigh ihe vurioLi% mii?isli'i&s of ilie Lhuych. W¢'ve had baplisihs, a Kids lakL￿V£1'. a Yuuth Takcuvcr, art AfriLdn takcovci. ai)d Asian takcov¢i'. Easter was a wvndeFfLiI cclchrati(Jn wilh the Coiminunily Choir and a giEiiiÉ Ea%lei' Egby hiTiII aiid C￿rniVal, and Fneiiinrable Cl)ri%bnas wilh liundi'eds of people ¢oniiii&tr to tlie vai'ioug services, parties, In¢al%, aiid cclcbrations. StaffTe#m & PCC Thc staff tcain worked so liard in 2024 and thc tcani continu¢% to suppoit ¢aeh othci. and to givc all tliey Iiuvc to survc tIIL Loid, Hi& LliiiLh kn(1 tl)L Lui)Iinuiiity- Chri% coiitinue.s to devote liimself to Ihe youi)g pcople aiid has been leading in devel(Jping the work and s¥¢s1)g it grow substaiirially. Cliris also l¥ads oli our dL%ign & ¢oniiiiuiiiLatii)n w()rk. V#iie%%a hds seen Hope Hthveii oiir u¥ylum &ceker% aiid refugees woi'k gl'ow, aiid has beeii dev¢loping thc work of Oood Company- wcckly lunch for OV￿ 50's. Shc h&$ su¢l) a hcart tor tliose she scrve8. Jottiina Miiilon the Vicar's PA ha5 beei) goiiig froin 8tITngih to tslrength aiid 1% u great siipport to C.laii'e in hci. ministi'y. Kiisty hds doiic Jji ¥xLvllLlIt job OVLI'sLLing 111£ y to day fiiwnLL as well as Iiull Iiii'L. UThdLr hLr leadei'sliip ive l)ave qeen an increase in hirer's and oui. finaiiciul processes are tlie best yet. D¢L continucd as our Childycn and I,'3mili¢s lead until thc %unimcr le1￿ ding Kid% Chiirch, Playeifc, TLG menloFiiig in %cliools' a.s well Cl)I'i.4lmdS & r:as1¥i dcliviiies. Dec became Olli. ordinaiid Li) Septeniber 2U24 and Sweety Vinosha look on tlie iDle of pavt-titne kid4 lead. In 2024 wo had some part tiinc Icniporary contracts foi- the rolc of Conimunity Devclopincnt l£ad- Keiidall Rllm.%&y, Kale Stevens aiid Chi'l$ Brecht liuve vndertakeii a 8lint ai ihis IDle alld we ar¢ veiy g17t¢fiil to tli¢in for thcii. $¢lWlLe. RajL5h s¢i'vid liis sccoiid y¢%hY of eLlI'acy tt'aining and Inoved on to St Leoi)ards Hcston in Sepleinbei. lo conii)lele ihe last yeai. of his CUr￿eY iheiE. Gial)ain Neilson oiir volunteer buildiiigs inanabvcr has ittadc sure WL LOlltiiiuL to iiin in tip top conditio u huge th￿nk you lo him for his coi))miinienl aiid dedicaii0i1 lo the work here. Rl has bcen aplea5ure and privilege to serve with this staff te1c m, as w¢ll ns with Gena Sinith, who serves a% a Liceiised Lay MinisleTh. We havc a vcry h¢althy PCC s¢rving Il)c cliiirch will) wisdom and Ensiglir. Wc met 6 tÉin¢s ovci. rhe coui'sc of tlic year, following our govemancc Lalendar with regiilur agcn(lil itcms bciiig viears, tiiunLe. buildingq. and saleg7iiardiJigi reports as well aB milkiiigy sui'e all our i)olicies £ire kcpt lip to date. A liiiuic Ihai)k yoii lo oiir wardvn%, Cas Maniiingr atid Mano Railiaii, #iid alsv to Di.bbiL Bainbridgvl PCC sccrelal'y and Kali)￿11& Shdh as treii.%uier- Il)¥y have beeii brillianl. 1L Md l am so kFratelul for the woiid¢rfiil b￿lfiS aiid skills Il)ey bi'in¥ lo the ministry heie. They are such a wonderful siippnyt, full of wisdui)i and inlcgFI'iIy ¢ind tl)Ly hav¥ wurkLd gu hard ovir thi Pi151 yLi¥I'. THE PAROCHIAL CHURC'H COUliCIL OF IIOPE CHURCH HOUYSLOW Report aiid fi114llL'121 Slllteiiieiits Year ended 31 Dteomher 2024 Parlncrs 111 the CIO el Maiiy in Oul. LliurLII Lominiiniiy scrvc sacrificially in thc work of missiom ai)d Ininistry in oui- parish for whicli l aiii ii)credibly u)ric lefull Tlic cliiii'ch simi)ly coiild i)ot lunctioll ivithoiit evel'y meniber playiii thcii. part and ivc al'e so gratcful foi. All yoii do iii pai'liiei'ing with u5 in thc work of tlic Loi'd in this placc and iii Olir Loininiiiiity, workplaLLS llnd nLtworks. Lile rou WL hdV¥ sLLii Our ILI'iiily Sliidll groiipy i¢dlly IdkL uff this Idst yLar with 6-7 biiiyII LFroups rnnnin¥ LaLII Icriii Jiid li has beei) greal lo see Jiew leadei's h(1 viiig a go ai leddtngF und Inore people inijoliied in upporting ai)d clieeringy eacli-(>tl)er oil tl)rougFli this ministry. Vision and Mission Actlon Plan Tlie 3rd yeill. ()f ()ur 3 ye1£ r Missinii Action Plan saw some woiiderful answers t(J prllyer And developineiit on Ihc Ai'cas wc sct as goals.. HOP£CHURCH HOUNSLOW HOPECHURCH HOUNSLOW M5551ohAcllthn Plan 2022-2025 Lw*Jrtv Community_. alWeA WEwaM + lathlk¢3 i J ÈmwwerlwthElullbDdyvTthr MISYDN Services in 2024 In 2Q24 we had 3 seKvices a we¢k. Our cliurchnten s¢1'vices looked ai Visioii & Valiie&. a %ei'ies called LlVtNG, we looked ai Tl IF. LIFF. or DA VID Ihi'ougli Il)e SLiiniiiei' as well as a suininer Sui)days seri¢s call¢d At Tlie Movies. and in tlic oiitlllllll, WL luokL(I dt bLillgF PRAYERS OF I-HÈ PF.OPLE. W¢ h￿d 4 wondLrfiil tdkLOVLrs AlricHI) and cll) A.%ldli Tdkcov¢r well dts a Kids aiid Youili Tdkeover- all ofwliich were I'eally very gpecial. DCepcrCi￿fIvQ In 202K a placb to grow decper in praycr. woisliip, study Jnd reLeiving both from thc Holy Spii'it lliid iii L'oiiiinunion. We li#ve liad some wonderful gpiiest %peakers each Inoiitli aiid.%oii)e prceious liines with Ihc Loi'd in woi'ship & pi'aycr. THE PAROCHIAL CHURCH COUliCIL OF HOPE CHURCTrJ HOUNSLOMT Ilepnrt alld finaneiil Statements YeAr eiide(131 Decertikner 21124 Thursday Churcb ¢ontiiiiics to bc a grcat 01)poi'ttlllity Eo wurship bcfure LuniinuiJily Loffcc Inui'nirtg, and Faadbajik and we have Seen conimuiiity people jolts us hei'e. A bigi thai)ks to Ciena Smilli wh took on th¢ ovcrsight of this scrvicc with th¢ VIC9￿ r, ably assisted by Joiiathan Rust, Raj¢sh Mhaskc 2n(1 Dce SlILady. Festivals ill 2024 EASTER- Wty iiiet at Thu¥sday Church fur Maundy ThiErsday 5cfviLe aiid l)ad a powcrful C500d Fi'id¢ly 8ei'vi¢e wi(h voice ovei's, spokeii woi"d artd woiNhip. Tlien, wl)dl a woiiderliil celebraLiDn 011 Easter day at our Good Slieplierd Lo¢ation wilh our cominuttity clioii.. wl)¢it we saw neai'ly 200, Inany froin the Lominunity coin¢ lo Lelcbr￿1te and joiii in thc Lclcbrdtiviis and E￿￿ter Es'b hLinl in tl)e gaydcllll 11 CHRISTMAS Seiwiccs wcre such a joy as w¢ cclcbrat¢d t￿￿ birth of our Saviour ai)d sh81'¢d Good Ncws iviih tliosc wc invit¢d fioin oui. Lon1mLiniry- wc saw ovcr 500 pcvplc altcnd Dui- SPCLial Christmas servic&s. Funerals Bh 1151n¥ & Dedlcalioiis There liave beeii some tunei'c11$ (hi% year but no w¢ddiiigs iii 2024. We have had some woi)dertiil baptisins aiid dedicatioi) services. We have contin￿ed pyaying through prayer requests %ent iiito the cliurch fi'ain coiniiiuiiity folk9 and chui'Gh memb#r8 alike and sent to a tc#in of people Éo pray on a weekly basis. Wc also pray befoi'e setviccs di)d niinistty activitics and in our 5Ckvice5. TIIIS is dii drcii w£ urc louking to gl'ow cind develop ii). CHURCH MIS'SIO￿ WEEKEND Otii. LOVE HW MISSION week¢iid wa5 a f4ntistlL SUCC&8S iii Sepleniber with people of all agies g¢tting involved in serving and lovi#g oui. ¢oinmiinity. Publlc BLinefit The PCC i* c1ware of ihe Chdi'ity Comniissioii's gLiidance oil piiblÉ¢ knefil and, in pai'liculai., Ilie Sp￿lf1¢ giiid81)c¢ on ¢liaritieq for the advancenieni of reliLTiOli 2nd l)ave rakeii a¢couLit of il iii the thnini5tralioii of th¢ cliui'eh. The PCC believ&8 (hat by piDmoling the Cl)risiian faiih il provide% d benefii io Ihe public by.. Provlding facilities for public worsliip, pastoral ui't 2nd spiritiial develoi)Incnl, both for CXlStiiig chui'ch i)ieiiibers and forai)yone who wi$hcs ro benefit fi'uinwhat thc ¢l)urch offe1%; and Pi'on)otiii¥ ChYi%tiaii values and ￿e¥V￿Ce by Ineinbe¥8 of the chuitli iii io iheir coinniLinitie% lo tlie benefit of ilidsvidiials and to society as a wliol¢. THC PAROCHIAL CHURCH COUliCIL OF HOPE CFIURCH HOUNSLOW Repoi't aiid Financiiil Slateiiient% Year ended 31 Decembei. 2024 l)ii belialf of the PCC.. Rev. Claire Clai'ke, Vicar. 16/3/25 The Parochial Church Council of Hope Church Hounslow Independent Examiner's Report For the year ended 31st December 2024 I report lo the Parochial Church Council on my examination of the acCo￿ntS of the Charily for the year ended 31 December 2024. Responsibilities and basis of report As the charity Irustees of Trust you are rèsponsible lor the preparation of the accounls in ac￿rdanCe with the reqL¢irements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act ancl in carrying out rry 8xaminalion I have followed all applicable Directions given by the Charity Commission under section 145151 {b) of the Act. Independent examiner's statement Where the charity's gross income exc88(led £250,000 l am qualified lo undertake the examination by being a Fellow of the Chartered Association of Certified Accountants which is one of the listed bodi8S. I have completed my &x3mination. l Gonfirm that no material matters have come lo my attention in connection with the examination giving me cause to believe Ihal in any m8terial respect-. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the form and conlenl 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 unéerslanding of tha aCCo￿ntS to bé reached. Chaweevan Williams FCCA Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Raad London N17GU Dale.. 18 March 2025 08 The Parochlal Church Councll of Hope Church Hounslow Statement of Financial Activities HOPE CHURCH HOUNSLOW For the year ended 31st December 2024 2024 2023 Rty$lri¢led Funds Unrestrlctad Restricted Funds Tolal Unrestricled Fuiid6 Tol81 Fund8 Fund5 Funds INCOME FROM- Donatlons and legacle$ Voluntary Incom& fiotn donors other volun18ry incorne 124,96S 17,593 142,558 43,500 168,465 38,Ct42 S5,635 81,542 224.100 111,958 27,199 139.157 22.333 134.291 89,831 117,030 112,164 251,321 Charitablo activlt188 52,915 52,915 34.278 34,278 Invèstment Incom8 75 75 70 70 Mlscellaneous Incomo 50,796 3,OB4 53.880 405 705 1,110 TOTAL INCOME 84 626 330 970 173,910 112889 286779 EXPENDITURE ON.. Charitable a¢tlvit105 202,053 102,341 304,394 209,388 71,793 281,181 TOTAL EXPENDITURE 202 053 102 341 304,394 209,388 71,793 281 181 Net In¢ome I18xpendltuYel 44,291 117,7151 26,576 (35.4781 41,076 5.598 Gros5 Iransf8rs b&lween fund8 13 15,9261 5,926 11,4441 1.444 Net movement In funds 38,365 111,7891 26.576 136,9221 42,520 5,598 other re¢ogn5sed galns and1088e5 Gainlllossl on inveslrnent ass8l 9,344 9,344 3,594 3,594 RECONCILIATION OF FUNDS Total funds brought ft)rward 88,373 86,827 175.200 121,701 44.307 166,008 TOTAL FUNDS CARRIED FORWARD 13 136082 75 038 211 120 86,827 175200 The slalem8nl of financial aclwittes in¢lud8s 811 gains and losses iecognised in the year. All tncoffling ￿SOurceS and resources expended de￿ve from conlinulng activits'e5. The notes on pages 12 to 21 forrn part of th85e finan¢la1 slatetnenis 09 The Parochlal Church Council of Hope Church Hounslow Balance Sheet HOPE CHURCH HOVNSLOW As al 31￿ December 2024 2024 2023 ole FIx8d a5Sots Tangible fixed as8818 Inv8slrnenls 15,970 76,320 20.176 e6,976 92,290 87.152 Current as58ts Deb1015 Cash at bank and in hand 16,325 109,978 126,303 22,008 80,932 102,940 Credltors.. fallln9 due wlthin one yg8r 12 7,473 14.892 Net current asset8 118,830 88,048 Net asset$ less current Ilabllltles 211,120 175,200 TOTAL NET ASSETS 211,120 175,200 RESERVES Rèstricted fund8 ridge The Gap Hope Haven Foodbank Kitchen Good Company Spire Project K￿k Academy Floorin9 Jack Pelchey- Youth Jack Pet¢hey- Kick Transforming Soulhall & Houn61ow 13 512 481 63,514 7,574 717 3,464 51,079 7,574 3,050 2,990 5,426 592 505 1,386 349 12,652 75,03B 86,827 Unre5trlcted fund General fund 13 &14 136,082 66,372 TOTAL FUNDS 13 211 120 175.200 These a¢¢ounts have been prepared in accordance with the Charltles Sorp IFRS 1021. These accounts were apprtsved by the PCC on and wère signed on 115 behalf by.. Rev C Clark8 Ichairpersonl C. Mannlng 161JAs The notes on pages 12 to 21 form parl ol thes8 financial statements. io The Parochlal Church Council of Hopg Church Hounslow Statement of Cash Flows HOPE CHURCH HOUNSLOW For the year ended 31 st Dècember 2024 2024 2023 Noies Cash flows from operatlng activit16$ 19 30.941 113,2271 Cash flows from investlng activltles Purchase of fixed assets 11,8951 13,6601 Cash flows from flnanclng a¢tlvltlo8 Change In cash and cash equival8nts In Ihg year 29,046 116.8871 Ca8h and cash equlvalents al beglnnlng of year 80,932 97,819 Cash and ¢a$h equlvalen¢$ at end of year 109,978 80.932 The note5 on pages 12 to 21 form part of Ihese financial slatemeni8. Thg Parochial Church Council of Hopo Church Houn51ow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the year ended 31st December 2024 ACCOUNTING POLICIES The following a¢¢ounling poll¢les have been appli8d in deallno with items which are considered material In relation lo the church's accounls. Ba518 0 aratlo Th8 finan¢lal slalemenls have been prepared in a¢¢ordanc8 wlh the Church Accounting Regulallons 2006 logelh8r with appSlcab16 accounling standards and the Chari11&8 SORP IFRS 1021, in a¢¢ordance with the Finana81 Reporting standard applicable In the UK and Republic of Iieland ISORP 2015 FRS 1021 and under the historic31 eost accounb.no rules. In¢omln resources The accounts are prepared on the accruals basis of ac¢ounling.' illcomo is recognised when r8C8ivable. except for donations of 11 kinds Ihal are re¢ognised when received.. incom9 lax recoverat>l& 18 recogDlseEI al the same lime as the donation. Grants and donations afe accounted for when paid ov&r. or when awarded, if Ihai award ereales a tinding obligation on th8 PCC. Legacies are only recogni5ed wlien recelved. Donated goods are recogniged al fair value. Gov8rntneTrl grants are ￿cognIsed al the falr value of Ihe asset received or receivable when there is reasonable &5suran¢e Ihal the grant conditions will be Tnet and the grants will be received. A grant Ihat 5petifies perfottnance conditions Is recagnised i income when the performance conditions are mel. whe￿ a grant does not specify performance con¢Jtions il is recognlsed in incom8 when the proceeds are ￿Ce1Ved or receivab18. A grant re¢eiv8d before the recognition criteria are satlsfied is r8cogn15ed Resou ces Ex ended 'Resources expendèd, has a wider meaning than 'expenditure': it excludes the cost8 of fixed a888ls that are capitalised bul includes Ihelr subsequent depreciat*on on th8 ba815 Sel out below. The categori88 are dgflned by the SORP 2015 are.. Costs of ggnerating funds are Ihos8 inCur￿d in fundraising. charitable ex￿ndIture comprls&s those Gosls incurred by the PCC the O$liv8ry of 115 a¢tsvibes aod 5ervl¢es. It includes all ¢osls that can be allocated directly lo such charitable acliwties. Goveinance costs include those as50cialed wilh meeling the ￿stilutiOnal and 8talut¢)ry requirernents of lh8 charity and Intlude accountancy fees. Support cosis are allocalgd based on usage level. Fu General fund5 ￿present funds that are nol SLtbjed lo any restridlons regarding Ihgir u58 and a￿ available for appllcalion or the PCC oidlnary purposes. Ixed assets and de Consecrated land and buildings and movable ¢hurch property are excluded from accounts by slo of the Charilies Act 2011. Items of plant and equiprn8nl used within tho church and others pr8tnises are capitalis8d where acquisition valu8 8xceed5 £250. DepreGlatlon rale5 are", reclatlon Computer Equlpment Fixtures & Fitting$ 4 y8atS 10 years Taxation The charity 15 exempt from corporation tax on Ils charitable a¢livi148S. Thè charity15 able to redaSm VAT on repairs to the church because the building 15 Grade 2 Listed. Le A8se15 a¢quired under finance lease$ are capitalised and the outstandin9 fulur8 lease obligalions are Shown in cr8ditor5. Operating lease rentals are listed where applicable. 12 The Parochlal Church Council of Hop8 Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNQLOW For the year ended 315t December 2024 ACCOUNTING POLICIES lcont'dl Cash at bank and In hand Gash al bank and in hand InclLKles lunds dep051ted ￿th C8F Church of England funds. P8nslon$ The church does not admini$18r a pension fitrnd and accruos forthg Cost of defin8d contribution s¢hem88 as incurred. Goncern The flnaneial stattmenls has been P￿Pared on a 90ing concem basis as donations have rem8ined con818teni whith has allowed th8 charity to carry on providing to th8 local comrnunity. The Parochlal Church Councll of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the year ended 31st Dècember 2024 INCOME 2024 Unmstrlctsd Restrlcted Fund5 Funds 2023 Unrestricted Reslricled Funds Funds Total Funds Total Funds Voluntary Incomo from donors Standing Ord6rs direct via charitable aggncles Single gifts dire Incotne lax r8coverable Collecllons at 811 services Legacles 43,413 27,261 70,674 66,800 3,961 70,761 31,828 23,024 11,700 15,000 124,905 10,692 3,067 2,480 42,520 26,091 14.180 15,000 43,500 168,465 17,883 16.923 10.352 14,638 1,955 1.779 32,521 18,878 12.131 111.958 22.333 134,291 Other voluntary Income r8source8 Grants Other other in¢orne Kick kil purchase$lm@mbership f8es DI0￿san feesl unallocatedl Focus events Play Cafe Cale Youth Work stewardship Account Church Weekend Away 14,607 28,595 43,202 21,041 81.504 102.545 ,447 9,447 8,327 8,327 890 890 180 245 92 4,002 180 245 2,096 2,096 4,002 1.639 27,199 1.639 117.030 17.593 38,042 55,635 89,831 Total donatlons and legocies 142 558 81 542 224 100 139,157 112,164 251321 In¢omlng resources from charltable actlvltle$ Fees Church hall18ttings 8,OBS 44,830 52,91S 8,085 44,830 52,915 6,369 27.909 34,278 6.369 27.909 34.278 Investment Income General fund 7$ 75 75 75 70 70 70 70 Other In¢om8 Insurat)¢& Claim Miscellaneous 50,794 50,794 3,086 53.880 3,084 3,084 405 405 705 705 1.110 1.110 50,796 Incom$ from charltsblo actfvltles 103786 106.870 705 35.458 TOTAL INCOME B4 626 330 970 173.910 112.889 286,779 14 The Parochlal Church Councll of Hope Church Houn$low Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the year ended 31sl Decembor 2024 EXPENDITURE 2024 Unrestrlcted Restrlctod Funds Funds 2023 Total Unrestricted Restricted Funds Funds Funds Tol81 Funds Grant8 Inote 41 Chrislian relleland development Home mission and school 2A01 2,401 4.344 30 4,374 2,401 2,401 4.344 30 4.374 Acto￿tIeS dlrectly relatlng to ¢h8 artlvltles of the church Common Fund- Parish 51andard cost Addilional clergy and parish Gosis Chlldr8n'5 and youth work Church Events expendlture (not• 71 59,512 1,824 3,186 53,216 338 118,078 59,512 1.824 26,265 68,509 338 36,372 154,448 57,030 2.209 6.880 3,689 3,561 73.369 57.030 2.209 19,863 14,B12 3.730 97,644 23,079 13,293 12.983 11,123 169 24,275 Support costs Inole51 Adminislr8tive staff Communication and publicity Church officellncl Repair5-Gen8r811 Bank charges Depre¢ialion Governance costs- audlt & a￿oUnta￿GY fee8 48,735 31.880 80.615 70,812 352 44,007 441 6,341 9.722 32,933 103,745 352 58.562 441 6.341 9.722 24,911 138 6,101 1.691 28.883 392 53.794 530 6,101 6,505 14,555 4.814 81,576 65,969 747.$45 731,675 47.488 179,163 TOTAL EXPENDITURE 202,053 102.341 304.394 209,388 71.793 281 181 15 The Parochlal Church Council of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the ye¥r ended 31st D8cember 2024 GRANTS- MISSIONARY & CHARITAgLE GIVING 2024 2023 Support of overseas Chrlstlan ml$$lon&ri85 r81i¢f & Ilncl short temil dovèlopmont Home mission Total Tolal To Institutlons Transforming Llves for Good Local giving- monlhty donatlDn Surplus to Supppr Chrlslian Blind Mission Tearfund Syria Various granls less than £1.OQH) 525 600 50 299 525 600 50 299 900 250 419 562 299 299 To Indlvlduals C Clarke 1892 Var4ous grallts less than £1,000 628 628 351 Total 2,401 2,401 4,374 Belng Unwslricled Fund Reslricled Fund 2,401 4,344 30 16 The Parochlal Church Councll of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the y8ar ended 31st Decemb8r 2024 SUPPORT COSTS 25Yo Childron'$ 15% 10% 25% Youth Work Expendlturo Events Ba81$ of allo¢alSon Workfyr Pastoral Wor5hlp Total Admini51ralive slaff Communicalion and publicity Church offi Bank chaigos Depreciation GOvam9n￿ cosis-IE & 8ccounttncy fee5 20,154 12,092 20,154 8,062 20,154 80,615 usage Usage usage usage usag8 usage 13,449 133 1,525 1,626 3fj.886 8.069 80 915 976 13.449 133 1.525 1.626 5.379 53 610 651 13,449 133 1,525 7,626 36,886 53,794 530 6,101 6,505 147,545 RESOURCES EXPENDED INCLUDE 2024 2023 Dloe8san Common Fund Hlrè of plant and machinery Independent examin81ion 59,512 57,030 2.850 62.302 2,700 59.730 EVENTS INCOME ANO EXPENDITURE 2024 2023 Incomlng Resource5 Net Incom rosource8 expended I Ispendl lrtcomino Resources res¢urce5 expended Nel Income I15￿nd) Fo¢u$ Sleepoul Challenge Other evenls 13381 338 13381 338 13,7301 3,730 13,730 3,730 Belng Unrestricted Fund Restricted Fund 13381 13381 13,5611 169 3,730 13,5611 1169 3,730 338 338 STAFF NUMBERS AND COSTS The average numb&r of staff (lull time equivalent but exdudlng Ih05e wvithSn the dioGesan quota, nartiely th8 vicar and Guralg) wotking for the church during the year was as follows., 2024 2023 Lay rnlnlsters Admlnlslralion Total No employee was pald more than £60,(X)O. The aggrega1& payroll costs were as follows.. Wages and salarles SoGial Security c051s Olher p8n8ion costs 77.049 714 2,852 80.615 99,951 52 3,846 103,745 17 The Parochlal Church Councll ol Hope Church Houn51ow Notes to the Financial Statements HOPE CHURCH HOVNSLOW For the year end$d 31st December 2024 TANGIBLE FIXED ASSETS omputer equlpment Flxtures & FSttlngs Total Cost or valuation At b&9inning of year Additions Disposals At the end of Iho year 38,786 679 24.795 1.216 63,581 1,895 39.465 26,011 65,476 Depreclatlon At b8gillnlng of year Disp05als Charged In y8ar At the end ol the year 33,891 9,514 43,405 3.913 37,804 2,188 11,702 6,101 49,506 Net book value Al 31 Decernber 2024 1,661 14.309 15.970 At 31 December 2023 4,895 15,281 20,176 10. FIXED ASSET INVESTMENTS 2024 2023 Investrnenl 76,320 76,320 66,976 11. DEBTORS 2024 2023 Trade debtors A¢erued Income Gift Aid recoverable VAT Recov8Table Pr8paytnenls and a¢¢rued Income 5,260 2,925 9,839 2,753 2,374 4,117 22,008 3,233 987 6,845 16,325 12. CREDITORS DUE WITH ONE YEAR 2024 2023 Trade creditors Sacial Security and othei laxe8 P8nsion payable Aceiuals and deferred income I consist ofvarious gr8nl$ ￿te1ved) Other credilors 1,707 5,715 2.232 14711 7,416 11541 5.920 7.473 14,892 18 Thg Parochlal Church CounGII of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the ye8r ended 31st December 2024 13. UNRESTRICTED AND RESTRICTEO- MOVEMENT IN FUNDS Balance at 31 De¢ 2023 Incomlng Resoureos R850ur¢es Exponded Balance at 31 Dec 2024 Tr8n$fers Unrestrlctgd Funds- Gen8ral Fund 46.489 246,344 1202,0531 15,9261 84,854 Other rgGognlsed gains and1105sasI Galnlllos51 on Investm8nl assel 41.884 9,344 51.228 Total unre5tilcted funds 88,373 2S5,688 202,0531 5.9261 136,082 Restricted Fund8: Bridge The Gap HO￿ Haven The Hub Foodbank Kitchen Good Company Spire Project Kl¢k Academy Flooring Jack P81chey- Youth Jack Pelchey- Kick Transformin9 Soulhall & Hounslow 1,253 10.100 17411 113.0831 512 481 3464 51079 7574 3050 2990 5426 592 46,650 134.2151 63.514 7,574 717 11.638 12,9901 29,141 15921 1.900 900 113.3741 113,9711 134,0621 505 15141 15511 15.2041 1.386 349 12652 5,926 Total restricted funds 86,827 84,626 102,3411 5.926 75,038 Totsl funds 175200 340,314 304 394 211 120 14. UNRESTRICTED FUND 2024 2023 Res8rv85 at th8 beginning of the year Net loutgoingl l incoming reserves Reserves al the 8nd of the year 88,373 47.709 136.082 121,701 {33,328 88,373 15. COMMITMENTS Th8r8 were no capital commitments entered into during the year. 16. PENSIONS The church may rn8ke discralionary dolined contributions to employees. p8rsonal penslon 5¢hem&s. The assets of such sehetnes arg held separat81y from those ol the church Sndependenlly admin151ered fiJnd5. The pen51on Cost charge represents conlribulions payable by the ¢hurch to Ihe funds and amounted to £2,85112023.. £3,846). 19 The Parochlal Church Councll of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For Ihe year endèd 31st Decemb8r 2024 17. ANALYSIS OF FUND ASSETS Brfdgo The Gap Hop¢ Haven Gogd Company Foodbank Kltchen Svb total As at 31 De¢8mber 2024 Cash at bank and In hand Debtors 512 481 63,514 7,574 717 72.798 512 481 63,514 7,574 717 72.798 Current ¢redltors Ne¢ current assets Flxed asset$ 512 481 63,514 7,574 717 72.798 512 481 717 Hope Heaven Good Company Spire Project Foodbank Kil¢hen Sub total As at 31 Dec8rnber 2023 Ca8h al bank and in hand Debtors 3.464 51.079 7,574 3,050 2.990 68.157 3,464 51.079 7.574 3,050 2,990 68,157 Curronl Greoilors Net current assets Fix8d assets 3,464 51,079 7.574 3,050 2.990 68,157 3.484 51,079 7,574 3,050 2,990 Klck Jack P$t¢h8y Jack Pet¢h&y Transforming Academy Youth Klck SH&H General Total As at 31 D8cembor 2024 Cash at bank and In hand Debtors 505 1,386 349 34,940 16,325 51,26S 7,473 43,792 92.290 136082 109,978 16,325 126,303 7.473 116,830 92,290 211,120 505 1,386 349 urrent cr8dltors Net current a$sèts Fixed a8S8ts 505 1,386 349 505 1,386 1.047 Klck Academy Transfomiing SH&H Floodng General Tot81 As at 31 December 2023 Cash at ballk and in halld Debtors 5,426 592 12,652 15,8951 22,008 16,113 114,8921 1,221 87,152 80,932 22.008 102,940 14,8921 88,048 8T,152 175,200 5,426 592 12.652 Cuffent creditors Ng1 eurrenl assels Fixed assets 5,426 592 12,652 5,426 592 12,652 20 The Parochial Church Council of Hope Church Hounslow Notes to the Financial Statements HOPE CHURCH HOUNSLOW For the year ended 31sl De￿mber 2024 18. RELATÉD PARTY OISCLOSURES No payment5 We￿ made to metnbers of the PCC In the year. 19. RECONCILIATION OF NET INCOME I IEXPENDITUREI TO NET CASH FLOWS FROM OPERATING ACYIVITIES 2024 2023 Net intom8llexpendilur81 for year Depreciation IGainl l Loss on investment asset Ilncieasel I d$erease in debtors Increase I Id8cr8asel In Creditors 35,922 6,101 19,3441 5,682 17,4201 9,192 6,341 13,5941 19.5441 115,6221 30,941 113,227 21