COMPANY REGISTRATION NUMBER: 10112036
CHARITY REGISTRATION NUMBER: 1167762
Hope Ministries Cwmbran
Company Limited by Guarantee
Unaudited Financial Statements
30 April 2024
WALTER HUNTER & CO LIMITED
Chartered accountants
24 Bridge Street
Newport
South Wales
NP20 4SF

Hope Ministries Cwmbran
Company Limited by Guarantee
Financial Statements
Year ended 30 April 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
10

Hope Ministries Cwmbran
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report)
Year ended 30 April 2024
The trustees. who are also the directors fcr the purposes of company law. present their report and the
unaudited financial statements of the charily for the year ended 30 April 2024.
Reference and administrative details
Reglstered charlty name
Hope Mnistries Cwmbran
Charlty reglstratlon number
116776£
Company reglstratlon number 101120 16
Prlnclpal office and reglstered 24 Bridge Street
office
Newport
South ￿'8]eS
NP20 4SF
The trusteas
Mrs M A E Loder
Rev P DJenkins
Mr J C F'annah
Mr I Siddall
(Appointed 8 February 2024)
{Resigned 6 February 2024)
Independent examlner
Mr Jonalhan Rhodes Bsc BFP FCA
24 Bridga Street
Newport
South Vwdles
NP20 4SF
Structure, governance and management
The policy and operating decisions of the charity rest with the Directors who meet regularfy to monitor
the activities of the charity. New directors are recruited and appointed by a majority of the existing
directors.
The director5 have established a management team which oversee finance, vision and strategy and
the development of good processes and implementation of housing management. This includes
ensuring that our supported housing projed meet5 necessary standards and provides a good standard
of accommodation that is suitable for our residents.

Hope Ministries Cwmbran
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {contInu
Year ended 30 Aprll 2024
Objectlves and activities
The charity is a charitable company and is governed by its memorandum and articles of association.
The purposes of the charity are to advarce health and relieve suffering in relation to offenders and
ex-offenders, including but not limited to those affected by abuse of alcohol and other substances, by
such charitable means as the directors in Iheir absolute discretion think fit.
Purposes and aims
The purpose and aim of our charity is to restore lives, restore families and restore communities.
We achieve this by providing a structured supported housing program that offers both practical help
and hope to individuals affected by substance or alcohol misuse.
Our program also offers hope to families and in-turn, Communities, by offering education and
awareness to relieve community impact, due to drugs or alcohol misuse.
Ensuring our work dellvers Its aims
We review our aims, objectives and activities each year. This review looks at what we achieved and
the outcomes of our work in the previous 12 months. The review looks at the success of each key
activity and the benefits they have broughtto those groups of people we are set up to help. The review
also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We
have referred lo the guidance contained in the Charity Commissioners general guidance on public
benefit when reviewing our aim and objectives and in planning our future activities. In particular, the
trustees consider how planned activities wdl contribute to the aims 8nd objectives they have set.
Focus of our work
Our main objectives for the period continued to be providing safe, quality provision of structured
supported housing to enable people who want to recover from substancelalcohol misuse to discover
the opportunity to walk into a new lrfe filled with hope.
We focused on quality druglalcohol support and knowledge which limits the harm which comes
with druglalcohol abuse, not only for tha individual but also their family, friends and the wider
community. This included supporting the giowth of True Freedom curriculum development.
We operated to an exceptional standard, going above and beyond to ensure every individual
received a person-centered, quality seNice which met their agreed support needs. We employed and
brought in expert counsellors to ensure all support was tailored.
We worked with referral pathways nalijnwide lo share our work and ensure Ihal all applicants to
our program were indeed suitable and a good fil for our work. We shared our work at various
conferences during the period and soughl to strengthen links with police, social services, and third
sector organisations locally
We worked in partnership with other a Jencies to ensure our setvice-users had the best possible
level of service both pre and post our servi￿. This included post-residency support in many cases.
We provided a high-quality, program to every resident, including counselling, work therapy,
curriculum, educational opportunities and employability support.

Hope Ministries Cwmbran
Company Limited by Guarantee
Tru8teo3' Annual Report (IncoTporating the Director's Report) (contlnued)
Year ended 30 April 2024
Achlevements and perfomiance
Achievements during the period
Hope Centre has achieved much in the period with more than 32 men and 17 women coming through
our doors for residency on our program. We held a graduation where families, local charities, the
police and other statutory services were invited to attend to celebrate the achievements of those
graduating.
Importantly, we have continued to see inciedible growth in several graduates who are now working for
the charity and helping lead us into the fjture seasons. We aim to develop graduates who share
passion for our work as they are excellenty placed to understand the unique challenges our residents
face. We have successfully developed ané implemented a training service to meet this need which we
are now looking to expand.
We were recognised by key contacts in the community who supported our work by attending our
open-houses and also offering their skills and funding to help us develop. We are particularly thankful
to our supporters for their generosity in helping us achieve our aims. Special thanks goes to The
Woodlands Trust, Moondance Foundation, TNL Awards For All and Torfaen Council for their
continued support of our work.
We have worked hard to restructure our central services office to deal with central administralDn,
grant funding, admissions and other policJ' based work. Investment into these areas has proved very
valuable. We have begun to see the fruit of this with increased applications and more opportunities to
partner with organisations around the naticfi.
We continued to run "Family days wher6 wa upskilled families with how to support their loved ones
who found themselves in addiction. We also have a number of prominent lay-people who are able to
deliver sessions to our resident5 and widerfamilies. We continue to do everything possible to continue
to reach people through our work where￿r they are. We developed our online presence on social
media, utilising and partnering with True Fr*dom to make recovery accessible to all.
Waiting lists for our homes continue to grow and many 8pplicants are desperate for a place in one of
our homes. We actively sign-post where possible to other provision, but unfortunately there is still
huge lack of provision nationally.
We are building links with partner church& to open more Hope Centers across the UK and we look
forward to working with a local church li Bromsgrove in the future period. It is through quality
partnerships that we can achieve the drearn of ending addiction.
We are of course, like most charities, are linited by funding, meaning many people that we would like
to help simply have to wait for a sustained ?eriod lo be offe￿d a place. We owe much to our staff and
volunteers who work tirelessly and with tru? compassion to help and aid as many people as possible
in theirjourney of recovery.
During the year, we continued to support 9 women at our Pontypool women's home. The need is great
and we are looking to extend this provision, potentially by building on the adjoining land.
We continued to offer family support to all of the families that took up the offer when their relatives
were within our homes. Family support operates on a monthly basis and helps families understand the
nature of druglalcohol misuse and how the) can be a support to their loved ones.

Hope Ministries Cwmbran
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the DireGtor's Report) (¢ontinuedJ
Year ended 30 Aprll 2024
We also saw growth in our volunteer base with more ministers and leaders offering to take Bible
studies, recovery sessions and help support our residents with employability and training needs. We
continued to partner with local businesses and trusts to support our residents with relevant work
therapy opportunities. We have develop&d links with other community based groups who have a
passion to aid employability and facilrtate opportunities for our residents.
Special recognition and thanks goes to The Woodlands Trust, Victory Church Cwmbran, Compassion
Church Bridgend, who have supported our work throughout the period. It is through these vital
partners that we have been able to offer exceptional help that has resulted in many men. women and
families finding hope and a future.
We would also like to thank all our "Hope Givers who have enabled our work by giving on a monthly
basis to help us see lives changed.
Flnancial rovlow
During the year income increased by £125,977, to £495,889, and expenditure decreased by £17,098,
to £368,010. As a result there was a surplus for the year of £127,879 (2023.. deficit £15,196). Net
assels at the end of the year were £182,622 (2023.. £54,743) and net current assets were £5,872.
Having considered future plans and projections the Trustees are confident that the charity remains a
going concern.
Plans for future periods
Future plans
Our aim is to develop a home in the Midlands region {Bromsgrove) as identified in last years reF()rt.
There is now a tangible plan and we exp8Ct this lo happen in 2025. We need to raise our financial
support base to enable us to grow our work and offer more opportunities to our residents.
We aim to develop stronger links with the recovery community in the areas that we work, as well as
with local churches and charities who desire to see social change in the area of addiction.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.

Hope Ministries Cwmbran
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (Gontinuod)
Year ended 30 April 2024
The trustees, annual report was approved on 28 January 2025 and signed on behalf of the board of
trustees by..
RevP
Trustee
enkins

Hope Ministries Cwmbran
Company Limited by Guarantee
Independent ExamineV8 R?port lo the Trustees of Hope Ministrles Cwmbran
Year ended 30 April 2024
I report to the trustees on my examination of the financial statements of Hope Ministries Cwmbran
I'the charity,) for the year ended 30 April 2024.
Responslbilltles and basls of report
As the trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 {'the 2006 Act.).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 14515)Ibl of the 2011 Act.
Indopendont examin•r'$ 8tstement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I conflrm that l am quallfled to undertake the examlnation
because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW),
which is one of the listed bodies.
I have completed my examination. I confirni that no mattars have come to my attention in connection
with the examination giving me cause to believe..
accounting records were not kept in respect of the charity 8s required by section 386 of the
2006 Act; or
the financial statements do not sccord with those records,, or
the financial statements do not Bomply with the accounting requirements of section 396 of
the 2006 Act other than any requirem8nt that the accounts give a 'true and faiff view which
is not a matter considered as pal of an independent examination,. or
the financial statements have iot been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable ir Ihe UK and Republic of Ireland {FRS 102).

Hope Ministries Cwmbran
Company Limited by Guarantee
Independent Examlnor's Report to the Trustees of Hope Mlnistries Cwmbran
(continued)
Year ended 30 April 2024
I have no concerns and have come acrcES 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.
Mr Jonathan Rhodes Bsc BFP FCA
Independent Examiner
24 Bridge Street
Newport
South Wales
NP20 4SF
28 January 2025

Hope Ministries Cwmbran
Company Limited by Guarantee
Statement of Financial Actiyities
(including income and expenditure account)
Year ended 30 April 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
34,973
328,158
1,201
48
131,509
166,482
328,158
1,201
48
52,532
317,339
41
Total Income
364,380
131,509
495,889
369,912
Expenditure
Expenditure on charttable activities
Total axpendlture
9,10
368,845
368,845
368,845
385,108
385,108
368,845
Net incomel(expendlture) and net
movement in funds
(4,465)
131,509
127,044
{15,196)
Reconcillatlon of funds
Total funds brought forward
Total funds carried forward
54,743
50,278
54,743
69,939
54,743
131,509
181,787
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The noteg on pages 10 to 18 form part of these financial statsments.

Hope Ministries Cwmbran
Company Limited by Guarantee
ststement of Financial Position
30 April 2024
2024
2023
Fixed assets
Tangible fixed assets
16
748,915
259,132
Current assets
Cash at bank and in hand
15,410
38,809
Credltors: amounts falllng due wSthln one year
Net current as8etsl{Ilabillties)
Total assets less current Ilabllities
17
9,538
5,872
754,787
3,198
35,611
294,743
Credltors: amounts falllng due after more than one year
Net assets
18
573,000
181,787
240,000
54,743
Funds of the charlty
Restricted funds
Unrestricted funds
131,509
50,278
181,787
54,743
54,743
Total charity fund8
20
For the year ending 30 April 2024 the charty was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 28
January 2025, and are signed on behalf of".he board by.
RevP
Trustee
Jenkins
The notss on pages 10 to 18 form part of these financial statements.

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Statèments
Year ended 30 April 2024
General Information
The charity is a public benefrt entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is 24 Bridge Slreet, .Yewport, South Wales, NP20 4SF.
Statement of compllance
These financial statements have been prepared in compliance wtth FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable tD charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accountlng policies
Basls of preparation
The financial statements have been prepared on the historical Gost basi5. The financial
statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of 6stlmatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are ba￿d on experience and other factors, including expectations
of future events that are believed to b> reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the truslees to further any of the
charity's purposes. At the year end there are no restricted funds. Designated funds are
unrestricted funds earmarked by the trustees for particular future project or committment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and lall into one of two sub-classes.. restricted income funds or
endowment funds.
10

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Statemènts {continu8dJ
Year ended 30 Aprll 2024
Accounting policies (continued)
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amouit can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods Is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in Ihe
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial aclivities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activilies includes all costs incurred by a charity in undertaking
activities that further its charitatle aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
Gharity nor part of Its expendlture on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are all(X8ted directly to that activity. Shared costs are apportioned
be￿een the activities they contribute lo on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairrnent losses.
11

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Staternènts (contlnu
Year ended 30 April 2024
Accountlng pollcle8 (eontinueo)
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic lif8 cl that asset as follows..
Freehold propety
Fixtures and fittings
Motor vehicles
Improvements to property
2°/0 p.a. straight line
20°/o p.a. straight line
25 % p.a. straight line
250% p.a. straight line
Impaimient of fjxed assets
A review for indicators of impairmenl is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, th8 asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the sMal￿$t
identifiable group of assets that indudes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabiliti3s are subsequently measured at Ihe cash or other
consideration expected to be paid or rAceived and not discounted.
Debt instruments are subs8quently measured at amortised cost.
Defined contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related seNice is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a red￿tIOn in future payments or a cash refund.
Llmlted by guarant•0
Each member of the company has agieed that in the event of a winding up they will contribute an
amount not exceeding £1 towards any shortfall.
There are 3 members of the company(2023'. 3 members).
12

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Finanelal Statements (conUnue¢¥
Year ended 30 April 2024
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
Donations - Edlogan Villa
Gift Aid
9,478
9,478
131,509
17,317
131,509
17,317
Grants
Grants receivable
Grants receivable Clarence Villa Garden
8,178
8,178
34,973
131,509
166,482
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donatlons
Donations
Donations - Edlogan Villa
Gift Aid
28,305
28,305
Grants
Grants receivable
Granls receivable Clarence Villa Garden
8,102
16,125
8,1D2
16,125
52,532
52,532
Charltable actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Housing Benefit
Social Pay
296,656
31,502
296,656
31,502
292,857
24,482
317,339
292,857
24,482
328,158
328,158
317,339
Other tradlng actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Fundraising events
1,201
1,201
13

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to th6 Flnaneial Statements (conthued)
Year ended 30 April 2024
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
48
48
41
41
Expendlture on charitable actfvitles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Cwmbran Fund
Pontypool Fund
Bridgend Fund
Central Fund
National Lottery - Kitchen
Clarence Villa Gardèn
Support costs
136,169
85,437
53,992
62,368
136,169
85,437
53,992
62,368
2,618
28,261
368,845
2,618
28,261
368,845
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Cwmbran Fund
Pontypool Fund
Bridgend Fund
Central Fund
National Lottery - Kitchen
Clarence Villa Garden
Support costs
132,833
86,288
48,181
81,336
132,833
86,288
48,181
81,336
58
14,335
22,077
58
14,335
22,077
385,050
58
385,108
10. Expendltura on charltable activitieg by actlvlty type
Activities
undertaken
directly Support costs
Total funds
2024
Tot81 fund
2023
Cwmbran Fund
Pontypool Fund
Bridgend Fund
Central Fund
National Lottery - Kitchen
Clarence Villa Garden
Governance costs
136,169
85,437
53,992
62,368
155
13,034
109
13,233
136,324
98,471
54,101
75,601
132,952
99,092
48,290
90,381
58
14,335
2,618
2,618
1,730
1,730
340,584
28,261
368,845
385,108
14

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 April 2024
11. Analysis of support costs
Charitable
activities Total 2024 Totsl 2023
Finance costs
Governance costs
14.187
14,074
28,261
14,187
14,074
28,261
13,746
8.330
22,076
12. Net incomellexpendlture)
Net incomel{expenditure) is stated after chargingl(crediting)'.
2024
2023
Depreciation of tangible fixed assets
10,217
25,939
13. Independent examinatlon fees
2024
2023
Fees payable to the independent examiner for=
Independent examination of the financial statements
1,730
1,730
14. Staff costs
The total staff costs and employee beneffts for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
124,796
5,421
2,426
132,643
121,055
5,336
2,613
129,004
The average head count of employees during the year was 712023.. 7). The average number of
full-time equivalent employees during the year is analysed as follows-
2024
No.
2023
No.
Number of staff - Management
Number of staff - Support
No employee received employee benefits of more than £60.000 during the year (2023.. Nil).
15. Trustee remuneratlon and expenses
No remuneration or expenses or other benefits from employment with the charity or a related
entity were recerved by the trustees.
15

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Staternonts (eontinuoo)
Year ended 30 April 2024
16. Tanglble fixed assets
Improvemen
tsto
Propety
Freehold Fixtures and
propety
fittings
Motor
vehicles
Total
Cost
At 1 May 2023
Additions
2i5,595
5JO.000
7i5,595
73,856
3,600
19,892
362,943
500,000
At 30 Aprll 2024
Depreclation
At 1 May 2023
Charge for the year
At 30 April 2024
Carrying amount
At 30 Aprll 2024
At 30 April 2023
73,856
3,600
19,892
862,943
15,936
5,312
70,247
1391)
69,856
2,760
340
14,868
4,956
103,811
10,217
21,248
3,100
19,824
114,028
744,347
4,000
500
68
748,915
249,659
3,609
840
5,024
259,132
17. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Pension
9,165
2,477
721
373
9,538
3,198
18. Creditors: amounts falllng due after more than one year
2024
2023
Bank loans and overdrafts
Other creditors {note 22)
240,000
333,000
240,000
573,000
240,000
19. Pensions and other post retlrement beneflts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defirEd
contribution plans was £2,426 (2023: £2,613).
16

Hope Ministries Cwmbran
Company Limited by Guarantee
Notes to the Financial Statéments (conrinuedj
Year ended 30 April 2024
20. Analy51s of charitsble funds
Unrestrlcted fund8
At
1 May 2023
At
Income Expenditure 30 April 2024
General funds
Designated Fund - Phillipines Projecl
51,743
3,000
364,380
(368,845)
47,278
3,000
54,743
364,380
(368,845)
50,278
At
1 May 2022
At
Income Expenditure 30 April 2023
General funds
Designated Fund - Phillipines Project
66,881
3,000
369,912
(385,050)
51,743
3,000
54,743
69,881
369,912
(385,050)
Restricted funds
At
1 May 2023
At
Income Expenditure 30 Aprll 2024
National Lottery - Kitchen
Purchase of Edlogan Villa
131,509
131,509
131,509
131,509
At
1 May 2022
At
Income Expenditure 30 April 2023
National Lottery - Kitchen
Purchase of Edlogan Villa
58
{58)
58
(58)
17

Hope Ministries Cwmbran
Company Llmited by Guarantee
Notes to the Financlal Ststements {continu8d)
Year ended 30 April 2024
21. Analysls of net assets between fuTrds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
T8ngible fixed assets
Current assets
Creditors greater than 1 year
Net assets
248,915
5,872
(573,000)
(318,213)
500,000
748,915
5,872
(573,000)
181,787
500,000
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors greater than 1 year
Net assets
259,132
35,611
1240,000)
54,743
259,132
35,611
(240,000)
54,743
22. Related parties
As at 30th April 2024 the charity ow•d Mr P Jenkins £200,000 (2023.. £200,000). This amount
was lent by Mr Jenkins for the purchase of Clarence Villa, Pontypool. Interest is paid on the loan
at £900 p.c.m. There are no fixed temis for repayment ofthe loan.
As at 30th April 2024 the charity ow8d Woodland Trust £40,000 (2023.. £40,000). This amount
was lent by Woodland Trust for the purchase of Clarence Villa, Pontypool. Interest is paid on the
loan at £167 p.c.m. There are no fixed terms for repayment of the loan.
As at 30th April 2024 the charity owed Julian Fielden and Melanie Fielden £333,000 (2023.. £nil).
This amount is owed to Julian Fielden and Melanie Fielden for the purchase of Edlogan Villa,
Cwmbran. £166,500 is repayable by 1st April 2026 and £166,500 is repayable by 1st April 2028.
The is no interest payable on the loan
18