Charity Registration No. 1174702
## **HOPE CHURCH TONBRIDGE**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
- 1 -
## **HOPE CHURCH TONBRIDGE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Sarah Mosedale|
|---|---|
||Tim Bower|
||Lesley Bower|
||Steve Thurgood|
||Tom Horner|
||Paul Clark|
||Malcolm Harris|
|**Charity number**|1174702|
|**Independent examiner**|Joanna Tawse FCA|
||Chartered Accountant|
||Northview|
||The Street|
||Plaxtol|
||TN15 0QJ|
|**Bankers**|CAF Bank Limited|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
|**Solicitors**|Ellis-Feror & Negus|
||2 Devonshire Avenue|
||Beeston|
||Nottingham|
||NG9 1BS|
- 2 -
## **HOPE CHURCH TONBRIDGE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees’ report|1-3|
|Independent examiner’s report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Statement of cash flows|7|
|Notes to the financial statements|8-20|
- 3 -
## **HOPE CHURCH TONBRIDGE**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees present their report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution dated 19 August 2017, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are:
1. To advance the Christian faith in accordance with the Statement of Beliefs principally in Tonbridge Kent but also in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the CIO.
2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the charity trustees from time to time may think fit.
Success is being able to meet our charitable objectives.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on Public Benefit when reviewing their aims and objectives and in planning the future activities of the charity. In particular, the trustees ensure that activities contribute to the aims and objectives they have set.
We will make grants, which are funded either internally or externally, which support our objectives.
The trustees are very grateful to multiple volunteers, whose work has made the operation of the church possible during lockdown and then as we opened up again. Particular thanks goes to those who tirelessly given their time to the building refurbishment.
## **Achievements and performance**
Moving into 2021 Hope Church Tonbridge (“HCT”) continued to meet virtually due to Covid 19. Sunday morning meetings continued via YouTube with virtual coffee afterwards. Our services incorporated a time of worship, prayer, sharing and a short message from the Bible. These services were successful and many people outside of Hope Church also watched them.
The children at Hope Church had their own separate programme which included a short film clip and activity.
Having taken possession of the property at 34 Douglas Road, the plan was to be back in the building from June 2021, however there were delays with the building works and there were a few outstanding building issues E.g. the replacement windows were held up due to supply issues, and finally replaced in Autumn 2021. However ongoing adjustments continued and were finally completed in January 2022.
Hope Church was given 120 chairs from Virgin, who were closing their office at Gatwick. We also bought carpet tiles, bar stools and tables from them at a very reasonable price. We were also asked to bid and were successful in our bid to buy kitchen furniture at the cost of £2,000.
- 4 -
## **HOPE CHURCH TONBRIDGE**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
Our intention had been to move back into the building in June 2021 however due to the delays in the building works and refurbishments, referred to above we finally moved back on 5[th] September 2021 and our Sunday services resumed inside face-to-face. However, over the summer we had decided to meet in some members’ garden for our Sunday morning services, this being a good time for families to get together. During 2021 many new people joined the congregation, and our numbers grew significantly. By the end of 2021 there were approximately 80 adults and children who are a part of Hope Church.
We ensured that our meetings met government guidelines and legal requirements regarding Covid 19, such as hand sanitising, face masks etc. We also asked the congregation to do a lateral flow test within 24 hours prior to attending church gatherings.
Our midweek Connect groups continued virtually until September 2021 when they became a mixture of both virtual and face-to-face. These groups proved a success and were a real support to those attending.
Our Seniors group, ‘Joy Club’ commenced virtually via Zoom in January 2021 and in September the members were able to meet in person at the building to socialise, enjoy activities and refreshments.
In September 2021, Sarah Mosedale commenced working for HCT. As part of her role, Sarah took responsibility for the HYPe Youthwork, overseeing a small team and organising activities and youth work on Sunday mornings. Sarah also began a Youth club for young people aged 11-15, which has proved very successful. Some of our HCT young people brought friends along and it has really started to flourish.
Also, in September 2021 we started an Art café for both members of the congregation and the community to attend. A wide variety of people attend, some of whom are very artistic and other just beginners. This group has grown and has become very popular.
With the building operational, we were able to welcome a number of charitable and other not for profit entities to use it for their meetings.
During 2021 HCT has delivered several courses including Alpha, Freedom in Christ, a prayer course, a hearing from God course and a course on Healing.
Due to the arrival of the Covid 19 Omicron strain at the end of the year, with regret it was decided to cancel our plans for a Family service and a carol service, instead as a church we sang carols outside the building and served refreshments afterwards. Local residents told us afterwards how much they enjoyed listening to us.
HCT continues to be affiliated to Catalyst, which is a New Frontiers sphere. We have attended various virtual leadership events and Richard Wightman provides Apostolic oversight for HCT.
HCT is pleased work in liaison with the other churches in Tonbridge. (TACT)
## **Financial review**
The trustees are pleased to report an unrestricted fund surplus of £543,799. This largely arises from the generous gift of the church premises, in 2020, which were valued at £500,000. Fund balances are shown in the statement of financial activities and more detail shown in the notes to the accounts.
The Board of Trustees has established a policy of holding at least three months expenditure in unrestricted net current assets (equivalent to approximately £25,000 based on current projections). At 31 December 2021 unrestricted net current assets were £59,289 which exceeded this as we were still redeveloping the building at 34 Douglas Road. This work was completed in 2022.
- 5 -
## **HOPE CHURCH TONBRIDGE**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Risk Management**
The trustees actively review the major risks which the charity might face, in particular those relating to governance, reputation, operations and finance. The charity reviews its insurance annually, including the type of cover and overall levels of cover.
The trustees put great emphasis on the active monitoring of its financial risks, including maintaining liquid funds to settle debts as they fall due. This has been managed closely during the building refurbishment project. Maintaining free reserves at the levels referred to above is key to our financial management.
As we return to live services and to the undertaking of activities during the week, our key risks are the health and safety of attenders and participants. Key to this are our safeguarding controls over those adults who lead events involving children or vulnerable adults.
## **Future Plans**
Our future plans revolve around being able to use the building more widely and to commenced projects supporting the wider community. In 2022 this has included, sadly, sending two vehicles, with provisions for refugees in Ukraine, via Krakow in Poland.
## **Structure, governance and management**
The charity is a charitable incorporated organisation.
The trustees who served during the year and up to the date of signature of the financial statements were:
Sarah Mosedale Tim Bower Lesley Bower Steve Thurgood Tom Horner Grace Onasanya (Resigned 25 January 2021) Paul Clark Malcolm Harris
Trustees are appointed by existing trustees.
Trustees meet as often as required to further the work of the charity; this is usually on a quarterly basis although has been more regularly during the building programme in 2021.
The trustees' report was approved by the Board of Trustees on 17[th] October 2022
## **Tim Bower**
Trustee
- 6 -
## **HOPE CHURCH TONBRIDGE**
## **INDEPENDENT EXAMINER’S REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
I report to the trustees on my examination of the financial statements of Hope Church Tonbridge (the charity) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no 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 charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
Joanna Tawse FCA
Chartered Accountant Northview The Street Plaxtol TN15 0QJ
- 7 -
## **HOPE CHURCH TONBRIDGE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDTURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Income from:**
Donations and legacies
**3**
Investments
**4**
**Total income**
**Expenditure on:**
Charitable activities
**5**
**Net**
**income/(expenditure)**
**for the year/**
**Net movement in funds**
Fund
balances
at
1
January 2021
**Fund balances at 31**
**December 2021**|**Unrestricted**
**funds**
**2021**
**Restricted**
**funds**
**2021**
**Total**
**2021**
**Unrestricted**
**funds**
**2020**
**Restricted**
**funds**
**2020**
**Total**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
143,387
1,128
144,515
625,486
10,278
635,764
1
-
1
10
-
10|
|---|---|
||143,388
1,128
144,516
625,496
10,278
635,774|
||124,288
4,506
128,794
81,697
10,807
92,504|
||**_19,100_**
**_(3,378)_**
**_15,722_**
**_543,799_**
**_(529)_**
**_543,270_**
569,547
4,806
574,353
25,748
5,335
31,083|
||**588,647**
**1,428**
**590,075**
**569,547**
**4,806**
**574,353**|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure from continuing activities.
- 8 -
## **HOPE CHURCH TONBRIDGE**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**11**
Net current assets
**Total assets less current liabilities**
Income funds
Restricted funds
**12**
Unrestricted funds
Designated funds
**13**
General unrestricted funds|**2021**
**£**
4,308
31,327|**£**
559,691
30,384|**2020**
**£**
3,700
75,729|**£**
510,258
64,095|
|---|---|---|---|---|
||35,635
(5,251)||79,429
(15,334)||
||541,320
47,327||519,078
50,469||
|||590,075||574,353|
|||1,428
588,647||4,806
569,547|
||||||
|||590,075||574,353|
The financial statements were approved by the Trustees on 17[th] October 2022
## Paul Clark **Trustee**
- 9 -
## **HOPE CHURCH TONBRIDGE**
## **STATEMENT OF CASH FLOWS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**16**
**Investing activities**
Purchase of tangible fixed assets
Interest received
**Net cash (used in) investing activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**|**2021**
**£**
(75,072)
1|**£**
30,668
(75,071)
-|**2020**
**£**
(16,735)
10|**£**
58,760
(16,725)
-|
|---|---|---|---|---|
||||||
|||(44,402)
75,729||42,035
33,694|
|||31,327||75,729|
- 10 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 Accounting policies**
## **Charity information**
Hope Church Tonbridge is a charitable incorporated organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2**
## **Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least a further 12 months.
This assessment has been made taking into account the impact of the Covid 19 pandemic and the assessment of the trustees is that the pandemic has not had a significant impact on finances and is unlikely to for the 12 months from signing the accounts. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3**
## **Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
- 11 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
In accordance with the Charities SORP (FRS 102), the general volunteer time of the many members of the church who provide support is not included in the financial statements, however, refer to the trustees’ annual report for more information about their contribution.
## **1.5 Expenditure**
Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. Grants and donations payable are taken into account at the earlier of when they are paid or become legally enforceable.
Other than the normal commitments under contracts of employment there are no contractual or constructive obligations to future expenditure at the balance sheet date. Where the trustees have authorised expenditure which is not yet legally enforceable or become constructive obligations amounts are set aside into funds designated for the purpose.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Assets costing less than £500 are written off as an expense in the year in which the expenditure is incurred.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 50 years buildings only Fixtures and fittings 4 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
## **1.6 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 12 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **Critical judgements**
## **Donated goods and services**
The most significant judgement, as set out in note 3 below, was the valuation of the land and building donation received in 2020.
There were no significant judgements made in respect of the 2021 financial statements.
- 13 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **3 Donations and legacies**
|Donations and gifts
Donated
goods
and
services
Tax recoverable
**Total income**|**Unrestricted**
**funds**
**2021**
**Restricted**
**funds**
**2021**
**Total**
**2021**
**Unrestricted**
**funds**
**2020**
**Restricted**
**funds**
**2020**
**Total**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
125,269
1,052
126,321
108,835
9,698
118,533
-
-
-
500,000
-
500,000
18,118
76
18,194
16,651
580
17,231|
|---|---|
||143,387
1,128
144,515
625,486
10,278
635,764|
All income is from church activities.
During the prior year Tonbridge Evangelical Free Church gave its premises in Douglas Road, Tonbridge to the charity, which is included in donated goods and services above. The land and buildings were valued by an independent architect. The valuation of £500,000 was consistent with the view of the trustees, based on local property market values.
## **4 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Interest receivable|1|10|
## **5 Charitable activities**
|Staff costs
Depreciation
Premises costs
Ministry and outreach expenses
Expensed equipment
Other direct costs of activities|**Church**
**activities**
**2021**
**£**
62,007
25,638
17,471
2,119
246
5,105
112,586|Church
activities
2020
£
56,100
7,277
2,611
5,907
881
2,322|
|---|---|---|
|||75,098|
- 14 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **5 Charitable activities (continued)**
|Grant funding of activities (see note 6)
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds
**Grants payable**
Grants to institutions:
Catalyst
TBC Food Bank
Kings Arms Church
Other
Grants to individuals||**Church**
**activities**
**2021**
**£**
2,992
10,386
2,830
128,794
124,288
4,506
128,794
**2021**
**£**
800
477
1,200
-
2,477
515
2,992|||Church
activities
2020
£
6,649
5,740
5,017|
|---|---|---|---|---|---|
||||||92,504|
||||||81,697
10,807|
||||||92,504|
||||||2020
£
650
1,259
-
920|
||||||2,829
3,820|
||||||6,649|
- **6 Grants payable**
3
- 15 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **7 Support costs**
|Administrative expenses
IT and communications
Bookkeeping
and
administrative support
Independent examiner’s
fees
Legal and professional
**Total income**|**Support**
**costs**
**2021**
**Governance**
**costs**
**2021**
**Total**
**2021**
**Support**
**costs**
**2020**
**Governance**
**costs**
**2020**
**Total**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
3,891
-
3,891
645
-
645
1,327
1,327
380
-
380
5,168
-
5,168
4,715
-
4,715
-
2,020
2,020
-
2,940
2,940
-
810
810
-
2,077
2,077|
|---|---|
||10,386
2,830
13,216
5,740
5,017
10,757|
## **8 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Pastoral
Wages and salaries
Other pension costs|**2021**
**Number**
3
**2021**
**£**
56,400
5,607
62,007|2020
Number
2|
|---|---|---|
|||2020
£
51,000
5,100|
|||56,100|
There were no employees whose annual remuneration was £60,000 or more.
- 16 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **9 Tangible fixed assets**
|**Cost**
At 1 January 2021
Additions
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
**10 Debtors**
**Amounts falling due within one year:**
Other debtors
Pre-payments and accrued income
**11 Creditors**
**Amounts falling due within one year:**
Other creditors
Accruals and deferred income||**Freehold**
**land and**
**buildings**
**Fixtures**
**and**
**fittings**
**£**
**£**
516,735
1,383
52,416
22,656
569,151
24,039
7,000
859
20,830
4,808
27,830
5,668
541,320
18,371
509,735
523
**2021**
**£**
3,066
1,242
4,308
**2021**
**£**
3,541
1,710
5,251|**Freehold**
**land and**
**buildings**
**Fixtures**
**and**
**fittings**
**£**
**£**
516,735
1,383
52,416
22,656
569,151
24,039
7,000
859
20,830
4,808
27,830
5,668
541,320
18,371
509,735
523
**2021**
**£**
3,066
1,242
4,308
**2021**
**£**
3,541
1,710
5,251|**Total**
**£**
518,118
75,072|
|---|---|---|---|---|
|||||593,189|
|||||7,859
25,638|
|||||33,498|
|||||3559,691|
|||||510,258|
|||||2020
£
1,931
1,769|
|||||3,700|
|||||2020
£
11,792
3,542|
|||||15,334|
- 17 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **12 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|Hope baby
Christmas
Relief
Seniors
Project
Tonbridge
Baptist
Church
Foodbank
Heart Fund|**Movement in funds**
**Movement in funds**
**Balance**
**at**
**1**
**January**
**2020**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**1 January**
**2021**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31**
**December**
**2021**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
5,216
89
(4,811)
494
645
(904)
236
-
4,402
(3,373)
1,029
-
-
1,029
**-**
4,000
(1,081)
2,919
-
(2,919)
-
-
1,273
(1,273)
-
483
(483)
-
119
514
(269)
364
-
(200)
164|
|---|---|
||5,335
10,278
(10,807)
4,806
1,128
(4,506)
1,428|
Hope Baby is a fund that receives income restricted for use in providing essential equipment, clothing and toiletries for women and families in extreme need.
Christmas Relief is monies received to provide hampers for local families in particular need over Christmas during the COVID crisis.
Seniors Project represents grant money received specifically to set up and run a local senior's club in the community.
Tonbridge Baptist Church Foodbank is income raised to support this foodbank.
Heart fund has been set up for gifts for the relief of poverty.
- 18 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **13 Designated funds**
|Building Fund
Catalyst
Building Fund
Catalyst|**Movement in funds**
**Balance at 1**
**January 2021**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at 31**
**December**
**2021**
**£**
**£**
**£**
**£**
**£**
519,078
36,443
(36,206)
22,005
541,320
-
-
-
-|
|---|---|
||519,078
36,443
(36,206)
22,005
541,320|
||**Movement in funds**
**Balance at 1**
**January 2020**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at 31**
**December**
**2020**
**£**
**£**
**£**
**£**
**£**
-
527,188
(8,110)
-
519,078
500
1,000
(1,500)
-
-|
||500
528,188
(9,610)
-
519,078|
## **14 Analysis of net assets between funds**
|Fund balances at 31
December 2021 are
represented by:
Tangible assets
Current assets/
(liabilities)|**Unrestricted**
**funds**
**2021**
**Restricted**
**funds**
**2021**
**Total**
**2021**
**Unrestricted**
**funds**
**2020**
**Restricted**
**funds**
**2020**
**Total**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
559,691
-
559,691
510,258
-
510,258
28,956
1,428
30,384
59,289
4,806
64,095|
|---|---|
||588,647
1,428
590,075
569,547
4,806
574,353|
- 19 -
## **HOPE CHURCH TONBRIDGE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**15 Related party transactions**
**Remuneration of key management personnel**
The remuneration of key management personnel is as follows:
**2021**
**Number**
**£**
Aggregate compensation
62,007
**16 Cash generated from operations**
**2021**
**£**
Surplus for the year
15,722
Adjustments for:
Investment income recognised in statement of financial activities
(1)
Donated goods and services
-
Depreciation and impairment of tangible fixed assets
25,638
Movements in working capital
(increase) in debtors
Increase/(decrease) in creditors
(608)
(10,083)
30,668||2020
Number
£
56,100|
|---|---|---|
|||2020
£
543,270
(10)
(500,000)
7,277
(2,410)
10,633|
|||58,760|
- 20 -