Charity Registration No. 1174702 Church Tonbridge Hope Church Tonbridge Annual Report and Unaudited Financial Statements For the year ended 31 December 2024
Hope Church Tonbridge Contents Page Trustees, report Independent examinerfs report Statement of financial activitles Balance sheet Statement of cash flows 10 Notes to the financial statements 11-20
Tonbridge Hope Church Tonbrldge (Charitable Incorporated Organisation) Legal and Admlnlstrative Inforniatlon Charlty Name Hope Church Tonbrldge Charlty Number 1174702 Trustees annual report perfod 1° January 2024- 31" December 2024 Trustees Paul Clark {Chair of Trustees) Tim Bower (Pastor) Lesley Bower (Pastor) Malcolm Harris Nigel Thomas Louise Grayson Freddie Reay Jenna Lloyd Correspondence address: 34 Douglas Road. Tonbridge, TN9 2TE Bankers CAF Bank Ltd CAF Bank Ltd, West Mallin& ME19 4TA Independent Examiner Joanna Tawse FCA. Northview, The Street. TN15 OQI
Hope Church Tonbridge TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present thelr report and finanual statements for the year ended 31 December 2024. The flnancial statements have been prepared in accordano with the accountin8 pollcles set out In note I to the financial statements and comply with the charlty's constitution dated 19 August 2017, the Charities Act 2011 and 'Accounting and Reportlng by Charities: Statement of Recommended practi applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)" Objertlves and actlvftles The charity's objertlves are: l. To advance the Chrlstlan faith In accordance with the Statement of Beliets prlncipally in Tonbrldge Kent but also in such other parts of the United Kingdom or the world a5 the charity trustees may, from time to time, think fit and to fulfil such other purposes which are excluslvely charitable, accordin8 to the law of England and Wales, and are connected wlth the charltable work of the Charitable Incorporated Or8anisation ICIO). 2. To relleve slckness and flnancial hardshlp and to promote and presepie good health by the provision of funds, goods or SeiCe5 of any kind, including through the provlsion of counselling and support in such parts of the United Kingdom, or the world, as the charity trustees from tlme to time may think fit. Success Is beln8 able to meet our charitable objectlves. The trustees have referred to the 8uldance contalned in the Charity Comrnlsslon's 8eneral gu5dance on Public Benefit when revlewin8 their alms and objectives and in planning the future actlvities of the charity. In partlcular, the trustees ensure that actlvltles contribute to the alms and objectlves they have set. We will make grants, which are funded either internally or externally, whlch support our objectlves. The trustees are very grateful to multlple volunteers, whose work has made the operatlon of the church possible. Achlevements and performance Durlng 2024 our numbers have Increased wlth new folk movin8 into the area. Our midweek Connect groups are well supported, increasln8 In number to include a daytime group. Subsequent to the year end, and to allow more space, we have moved our Sunday service5 to Woodlands Manor school in Tonbridge. We contlnue to have four members of staff worklng on a part tirne basls. This has worked well, the additlon of John and Kay Hodge In Septernber 2022 providing an addltlonal SOurce to the exlstlng staff, rim and Lesley Bower.
Hope Church Tonbridge TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Hope Hub is a lunchtime club open to anyone whereby a free light lunch Is served. There are activities such as short mat bowls, board games, puules and craft activitles. It was set up to address loneliness and Isolation in the community, tO8ether with providin8 a warm Spa for people potentially struggling to afford heatlng and food for thernselves. Numbers have Increased and grant fundlng was reiVed to support this work in 2024 and 2025. The Hope Gardenin8 Project alms to address loneliness and Isolatlon in the local area and to build comrnunlty and frlendship using gardening and the 8rowin8 of fruit and ve8etables. Hcf reIVed a grant from Kent Communlty Foundation to allow u5 to continue this project, whlch is run alongside Hope Hub. Our Art Café continues to be a great success with numerous rnembers of the local communlty In attendance. A wlde varlety of people attend. some of whom are very artlstic and others Just beginners. It ha5 been sufflciently successful such that, In 2024, It commenced offerln8 two sessions a week. Thls year at Hcf we ran the Alpha course which proved popular. In March 2024 Hcf ran a Menopause Support 8roup brunch, wlth a guest speaker. Thls was a ticketed event whlch proved very successful, with many rnembers of the communlty In attendance. A further event has taken place in 2025. Wlth the war In Ukralne showlng no sign of endln& we continued the work undertaken Sn 2024. SIX further trlps were undertaken, dellverin8 food, 8enerators and other essential items for distribution to refugees via the Catalyst network of churches in Ukralne. These trips went into Ukraine Itself and included the purchase of around 50 tonnes of potatoe5 whlch were dlstrlbvted to Internal refu8ees In Ukralne. The food purchases made were funded by Catalyst In the UK. Provision of all of the above actFVities is dependent on the provlslon of tlme by unpald volunteers. The trustees are extremeSy 8rateful for all the support pr¢)vided. Hcf continues to be afflllated to Catslyst, whlch is a New Frontiers sphere. We attended varlous leadershlp tralnlng and other events In the year. Hcf also work In liaison wlth the other churches In Tonbridge. (TAcfEG) Flnandal revlew The trustees are pleased to report an unrestrlcted fund surplus of £520,102 (2023- £536,859). Thls largely arlses from the generous gift of the Church premises, in 2020, whith 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.
Hope Church Tonbridge TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Trustees has established a policy of holdin8 at least £20,IJ)O in unrestricted net current assets, excluding fixed assets (equlvalent to approxlmately 3 months of salary cost. At 31 December 2024 unrestricted net current assets. exdudin8 fixed assets. were £35.001 {2023: £27,337). Rlsk Management The trustees actlvely review the major rlsks whlch the charity mlght face, In partlcular those relatlng to governance, reputatlon, safe8uardin& operations and finance. The charlty reviews its insurance annually, Includin8 the type of cover and overall levels of cover. The trustees put great emphasls on the artlve monitorlng of Its flnancial rlsks, Includin8 malntaining liquld funds to settle debts as they fall due. Malntaining free reserves at the levels referred to above is key to our flnanclal management. Future Plans Our future plans revolve around belng able to use the btjllding more wldely and to commence further projects supportlng the wlder communlty. Structure• governance and management The charlty is a charltable Incorporated organlsatlon. The trustees who seThed durin8 the year and up to the date of slgnature of the financlal statements are shown on page l. Trustees are appointed by members of the CIO. Trustees meet as often as requlred to further the work of the charity: this Is usually on a four monthly basls. The trustees, report was approved by the Board of Trustees. TIM Bower Trustee &)2
Hope Church Tonbridge INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report to the trustee5 on my examination of the financial statements of Hope Church Tonbrid8e (the chaflty) for the year ended 31 December 2024. Responslbllttles and basls of report As the trustees of the tharity you are responslble for the preparation of the financlal staternents in accordance wlth the requirements of the Charlties Act 2011 (the 2011 Art). I report in respect of my examlnation of the charitvs financial statements carrled out under sectlon 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commisslon under section 1451Sllb) of the 2011 Act. Independent examlnees statement I have completed my examlnatlon. I confirm that no matters have come to my attention in connect+on with the examlnation 8ivin8 me cause to believe that In any material respect: l accountlng records were not kept In respect of the charfty as requlred by sertlon 130 of the 2011 Act; or 2 the financial statements do not accord wlth those records; or 3 the financlal staternents do not comply with the applicable requirements concernin8 the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2(K)8 other than any requlrement that the accounts glve a true and fair view which is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other matters In connectlon with the examlnatlon to whlch attentlon should be drawn in this report In order to enable a proper understandlng of the financlal statements to be reached. Tckn Joanna Tawse FCA Chartered Accountan Northvlew The Street Plaxtol TN15 OQI
Hope Church Tonbridge STATEMENT OF FINANCIAL ACTivmES INCLUDING INCOME AND EXPENDTURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrl¢ted Restrkted T•)tal Unrestrkted Restrlcted funds funds funds funds 2024 2024 2023 2023 Total 2024 2023 Incorne from: Donations and legacles Church actlvitie5 Investments 111,874 981 746 62,183 174,057 981 746 109,087 2.639 542 44,562 153,649 2,639 542 Total Income 113,601 62,183 175,784 112.268 44,562 156,830 Ex endlture on.. Charitable activities 137,943 61,tY)5 198.948 137,671 34,491 172,162 Net Income/(expendlture) for the year (243421 1178 (23.164) 125.403) 10.071 115,332) Transfers betsveen funds 17,585) 2,393 (2,3931 Net movement In funds (16,7571 (6.4079 123.164) (23.OlOJ 7.678 115,332) Fund balances at January 2024 Fund balance$ at 31 December 2024 536,859 15,119 551,978 559,869 7,441 567,310 520.102 8.712 $28A14 S3659 15.119 551.978 The statement of financlal actlvltles Includes all gains and losses reco8nlsed in the year. All Income and expendlture from contlnuin8 actlvities.
Hope Church Tonbridge BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Current assets Debtors Cash at bank and In hand io 485,101 509,522 li 7,993 37.936 19.852 29,702 45,929 49,554 Credltors: amounts fallln8 due wlthln one year 12 12,216) 17,0981 Net current assets 43,713 42,456 Total assets less current Ilabllltles 528,814 551,978 Income funds Restrlcted funds Unrestricted fun Deslgnated funds General unrestrirted funds 8,712 15,119 14 478,831 41,271 499,661 37,198 520,102 536,859 528,814 551,978 The financial statements were approved by the Trustees on Z£J2 Paul Clark Trustee
Hope Church Tonbridge STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash Ilows from operatln8 actl¥ltle5 Cash (usedl18enerated frorn operatlons 17 14,073 110,786) Investlng actlvltles Purchase of tangible fixed assets Interest received (6,585) 746 (1,750) 542 Net cash (used In) In¥estln8 acuvltles (5.839) (1,208) Net cash used In flnan¢ln8 actlvltles Net (Increase)I decrease In cash and cash equlvalents 8,234 {11,9941 Cash and Cash equlvalents at be8lnnlng of year 29,702 41,697 Cash and cash equlvalents at end of year 37,936 29,702 -10-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountln8 polldes Charlty Informatlon Hope Church Tonbridge Is a charitable Incorporated organisatlon. Accountln8 conventloft The financial statements have been prepared in accordance wlth the charity's constitution, the Charitles Act 2011 and "Accounting and Reportln8 by Charitles: Statement of Recommended Practice applicable to charltles preparing their accounts in accordano with the Ftnancial Reporting Standard applicable In the UK and Republlc of Ireland {FRS 1021 (effective l January 2019)". The charity Is a Publlc Benefit Entity as defined by FRS 102. The financlal statements have departed from the Charlties (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 Prartice for charities applyln8 FRS 102 rather than the version of the Statement of Recommended Practice which Is referred to In the Regulations but which has slnce been wlthdrawn. The flnanclal statements are prepared In sterlln& which Is the functlonal currency of the charlty. Monetary amounts in these financial staternents are rounded to the nearest £. The flnancial statements have been prepared under the historlcal cost convention, modified to Include the revaluatlon of freehold properties and to include investment properties and certaln finandal Instruments at fair value. The principal accountln8 policies adopted are set out below. Golng concern At the tlme of approving the financial statements, the trustees have a reasonable expectatlon that the charity has adequate resources to continue in operational exlsteftce for at least a further 12 months. This assessment has been made taklng into account the retention of healthy cash balances. Thus the trustees contlnue to adopt the going concern basis of accountlng In preparlng the accounts. Charltable funds Unrestrirted funds are available for use at the dlscretion of the trustees In furtheran of thelr charitable objectives. Designated funds comprlse funds which have been set aslde at the dlscretion of the trustees for specific purposes. The purposes and uses of the designated fund5 are set out in the notes to the financial statements. Restrlcted 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 finanual statements. -11-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢orne Income is recognlsed when the tharity is le8ally entitled to It after any performance conditlon5 have been met. the amounts can be rneasured reliably, and it is probable that income will be received. Cash donatlons are recognlsed on recelpt. Other donations are reco8nised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donations received under Gift Ald is recognised at the time of the donation. Legacles are recognised on recelpt or otherwise if the charlty has been notified of an impendlng distrlbution, the amount is known, and reoipt is expected. If the amount ts not known, the le8acy Is treated as a contingent asset. In accordance with the Charities SORP (FRS 1021. the Beneral volunteer tlme of the many members of the church who provide support is not Included In the financial staternents, however, refer to the trustees, annual report for more informatlon about their contribution. Expendlture Expendlture Is accounted for on an accruals basis and allocated to the appropriate headlng in the accounts. Grants and donatlons payable are taken into account at the earller of when they are pald or become legally enforceable. Other than the normal commitments under contracts of employment there are no contractual or constructFve obligations to future expenditure at the balance sheet date. Where the trustees have authorised expenditure which Is not yet legally enforceable or become constructive obllgations amounts are set aslde Into funds desl8nated for the purpose. Tan8lble flxed assets Tangible fixed assets are Initially measured at cost and subsequentty measured at cost or valuatlon. net of depreclation and any irnpalrment losses. Assets costin8 less than £S(M) are written off as an expense in the year in whlch the expenditure Is Incurred. Depreclatlon Is reco8nlsed so as to write off the cost or valuatlon of assets less thelr residual values over their Useful lives on the followin8 bases". Freehold land and bulldings SO years bulldln8s only Fixtures and fittings 4 years strai8ht line The gain or loss arisin8 on the disposal of an asset is determined as the dIfferen between the sale prOedS and the carrylng value of the a55et and is recognised in net income/lexpenditure) for the year. -12-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Impalmient of fixed assets At each reporting end date, the charity revlews the carrying amounts of its tan8ible assets to determlne whether there Is any indication that those assets have suffered an impairment 1055. If any such indicatlon exists, the recoverable amount of the asset Is estimated In order to determine the extent of the impalmient loss (if any). No such Indication existed at 31 December 2024. Cash and cash equlvalents Cash and cash equivalents Include cash In hand, deposits held at call wlth banks, other short-term Ilquid investments with 0rf8lnal rnaturltles of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In current Ilabilitles. Flnanclal Instruments The charlty only has flnanclal assets and financial Ilabllltles of a klnd that qualify as basic financial instruments. Baslc financlal instrument5 are Inltially recognised at transaction value and subsequently measured at their settlernent value with the exception of bank loans whlch are subsequently measured at amortlsed cost usin8 the effective Snterest method. i.io Employee beneffts The cost of any unused holiday entitlement Is reco8nlsed In the period In which the employee's servi5 are recelved. Termlnation beneflts are recognised immedlately as an expense when the charlty is demonstrably commltted to terminate the employment of an ernployee or to provide terminatlon benefits. Retlrement beneffts i.ii Payments to defined contribution retirement benefit schernes are charged as an expense as they fall due. Crftkal accountln8 estlmates and Judgements In the appllcation of the charltvs accounting policies, the trustees are requlred to make judgements, e5timate5 and assumptions about the carrylng 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 consldered to be relevant. Actual results may dlffer from these estimates. The estimates and underlying assumptions are revlewed on an ongoing basls. Revisions to accountlng estimates are reco8ni5ed in the period In which the estlmate is revised where the revision affect5 only that period, or in the perlod of the revision and future periods where the revision affects both current and future periods. There were no significant estimates or judgements made in respect of the 2024 or 2023 flnancial statements. 13-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 3 Donatlons and le8acles Unrestrlcted Restrl¢ted funds fund$ 2024 2024 Total Unrestrlcted Restrlrted fvnds funds 2023 2023 Total 2024 2023 Donations and gifts Tax recoverable 61,177 158,171 15,886 9S,828 13,259 43,150 1,412 138,978 14,671 14,880 Totsl Income 111.874 62.183 174,057 109,087 44,562 153,649 All Incorne Is from church actlvities. 4 Church artlvltles Unre5trlcted funds 2024 Unrestrltted funds 2023 Bulldlng rental Other receipts 773 1,274 1,365 981 2,639 Investment Income Unrestrfrted funds 2024 Unrestrlcted funds 2023 Interest receivable 746 542 14-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 6 Charltable actlvltles Church actlvltie5 2024 Church activities 2023 Staff costs {note 9) Depreciatlon Premi5e5 costs Ministry and outreach expenses Other direct costs of activities 86,884 31,007 7,428 11,627 86,214 27,733 8,398 9,929 758 133,032 137,894 Grant funding of activlties (see note 7) Share of support costs (see note 8) Share of governance costs (see note 8) 56,190 3,364 1.5 31,599 6,781 750 198,948 172,162 Analysls by fund Unrestrlcted funds Restricted funds 137,943 61,005 137,671 34,491 198,948 172,162 Grants payable 2024 2023 Grants to Institutions: Catalyst Kent Grant- Hope Hub Heart Fund Ukraine 600 1,200 29,549 31,349 55,113 55,113 Grants to individuals 1.077 250 56,190 31,599 -15-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 8 Support costs Support Governance Total Support Governance Total 2024 2024 2023 2023 2023 Administrative expenses IT and communications Bookkeeping and administrative support Independent examlnerfs fees Legal and professional 2,163 2,163 2,050 2,181 2,050 2,181 1,201 1,201 2,550 2,550 1,5(Kl 1,500 750 750 3,364 1,5(K) 6,781 750 7,531 Employees Number of employees The avera8e monthly number of employees durin8 the year was: 2024 Number 2023 Number Pastoral 2024 2023 Wage5 and salarles Other penslon costs 79,136 7,748 79,252 6,962 86.884 86,214 There were no employees whose annual remuneration was £60,(X)O or more. Wages and salarles include Employer Nl of £1,657 (2023: £1,396). -16-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tanglble fixed assets Freehold land and bulldlngs Flxtures and ffttln8S Total Cost At l January 2024 Additions 569,151 27,610 6,585 595,011 6,585 At 31 December 2024 569,151 34,195 603,346 Depreclatlon At l January 2024 Charge for the year 69.490 20,830 17,749 10,176 87,239 31,006 At 31 December 2024 90,320 27,925 118,245 Net Book Value At 31 December 2024 478,831 6,270 485,101 At 31 December 2023 499,661 9,861 509,522 11 Debtors Amounts falllng due wlthln one year 2024 2023 Other debtors Pre-payments and accrued income 7,126 867 7,993 17,389 2,463 19,852 12 Creditors Amounts falllng due wlthln one year: 2024 2023 Other creditors Accruals and deferred Income 1,591 5,507 7,098 2,216 2,216 -17-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Restrfcted 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: Movement In funds Incomln8 Resources resources expended Movement In funds rfers Balance at Incomln8 Resources 31 resources expended Oecember 2023 Balance at l January 2023 rfers Balance at 31 2024 Hope Babv Heart Fund Kent grant Gardenlng Ukraine New Wlne Bulldin8 Carol service Bibles for Afrlca Chlldren work 236 5,164 (236> 12,245) 2,500 5,419 {1,077) 13,6721 (1,000) {927) (55,1121 4,342 328 1,685 356 1758) (29,5491 {1.605) (643) (1.7501 927 1,117 30,309 2,248 8,806 69 55,557 1,562 7,056 1,626 (217) (6,585) 1,880 169) 30 (30) 600 7,441 44,562 (34,491) {2,393) 15,119 62,183 {61.005) (7,5851 8,712 Hope Baby was a fund that recelved income restricted for use in providlng essentlal equipment, clothing and toiletries for women and families in extreme need. The project 3$ed in 2023. The Heart Fund has been set up for gifts for the relief of poverty. The Kent grant has been set up to operate our Hope Hub lunth dub. The Gardenlng Communlty Project was set up to operate a community garden on the church premises. The Ukraine fund was estsblished to SUPPOrt refugee work in the Ukraine. The New Wine fund was established to enable people to attend an event In July 2023. The building fund was set up to enable Tepalr works to be undertaken on the church buildin8. The Carol Service fund related to offering reipts at our carol serrflce. The 8ibles for Africa fund provided funding for the purthase of Bibles. The Children's Work fund provided funding to be used withln children and youth work 18-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Deslgnated funds Movement In funds Balano at I January 2024 Balance at 31 December 2024 Incomlng Resources resources expended Transfers 8uildin8 Fund 499.661 120,830) 478,831 499,661 120,830) 478,831 Movement In funds Balance at I January 2023 Balance at 31 Deomber 2023 Incomlnl Resources resources expended Transfers Bulldin8 Fund 535,504 120,830) 115,013) 499,661 535.504 (20,8301 {15,013} 499,661 15 Analysis of net assets between funds Unrestrlcted funds 2024 Restrlrted funds 2024 Totsl Unrestrlrted funds 2023 Re5trlcted funds 2023 Total 2024 2023 Fund balances at 31 December 2024 are represented by: Tangible asset5 Current assets/ (liabilities) 485,101 485,IlXI 509,522 509.522 35.001 8,712 43,714 27,337 15,119 42,456 520,102 8,712 528,814 536,859 15,119 551,978 19-
Hope Church Tonbridge NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Related party tran5artlons Remuneratlon of key managemert per%mnel The remuneration of key management personnel is as follows: 2024 Number 2023 Number Aggregate cornpensatlon 86,884 86,214 17 Cash generated from operatlons 2024 2023 (Deflclt) for the year (23,1641 {15,332) Adjustrnents for.. Investment Income reco8nised In statement of financial actlvltles Donated goods and services Depreclation and impairment of tangible fixed assets {7461 15421 31,006 27,733 Movements In working capital Decrease/ (increase) in debtors Increase/{decreasel in creditors 11,859 14,8821 115,395) 17,250} 14,073 110,7861 -20-