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2024-03-31-accounts

Bright Hope Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2024

Charity registration - 1158581

Bright Hope Annual report and financial statements

Year ended 31 March 2024

Contents

Contents
Legal and administrative information 3
Trustees annual report 4
Objectives and activities 4
Achievements and performance 4
Financial review 6
Structure, governance & management 6
Statement of Board of Trustees’ responsibilities 6
Independent examiner’s report 8
Statement of fnancial activities 10
Balance sheet 11
Notes to the fnancial statements 12

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

Legal and administrative information

Charity name

Bright Hope

Charity registration no.

1185851

Company registration no.

CE019222

Registered office and contact details

71 Fullbrook Avenue Spencers Wood Reading RG7 1FE

Trustees

Oliver Lamping Chair Paul Garratt Gemma Hauxwell

Bank

Lloyds Bank plc 25 Gresham Street London EC2V 7HN

Independent examiner

Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1185851

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Bright Hope Annual report and financial statements

Year ended 31 March 2024

Trustees annual report

The Board of Trustees submit their annual report and the financial statements of Bright Hope for the year ended 31 March 2024.

The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of the ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

Objects

The objects of the charity is the advancement of the Christian faith in accordance with the statement of faith and in such ways as the charity trustees from time to time think fit.

Public beneft

Throughout the process of determining the activities outlined in this report, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

Achievements and performance

The main activities undertaken for the public benefit for the advancement of the Christian faith in accordance with the Statement of Faith are:

Church services

Special project

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

• Networking with local statutory organisations and charities that provide services to victims and survivors of domestic abuse.

Leadership training

Partnerships

• Community event for Refugees in Aid of One Love in Partnership with Shinfield community Church and Shinfield Helping Hand (October 2023).

• Volunteering at the local youth club set up by Shinfield Parish Council. This youth club serves around 60 young people every week. During 2023, Bright Hope provided dinner for the group every week. In January, the club relocated to another venue and dinners are no longer provided.

• Delivery of workshops on topics such as pornography and wellbeing in local secondary schools with the team at Soulscape.

This year we had two main objectives: consolidating our involvement in the community and developing our leadership team, whilst continuing to care and serve the church. This is why there is a big focus on training and investment into the team. Even though Annie Lamping was already a Senior Pastor, she started as a paid member of staff in May 2023. This is allowing her to invest more time into pastoral care, networking and administrative tasks.

We continue to meet at Grazeley Village Hall. They have been very supportive of the work we do. Whilst their hire prices rose in January 2024, they decided to maintain the same prices for us. Some of the activities still take place at the Pastors’ home or in public spaces.

Getting more involved in the community has been a great journey. During the summer Bright Hope had the Summer Fun Day for the second time. This event consisted of a “fayre type” setup with bouncy castles, face painting, games, crafts, BBQ, cakes, etc. The whole community was invited through schools and local newsletters. The event was completely free, including activities, food and drinks. We had a fantastic response both from the church members who volunteered and from the community who came to enjoy what was offered on a beautiful summer’s day. This was such a success that we decided to run a Winter Fun Day, with the same basis. Our winter fun day included indoor activities such as silent disco, karaoke, crafts, and facepainting.

One significant development is that we were able to train for and establish the Restored Beacon Church project, to support women victims and survivors of domestic abuse in the community and within church. Shinfield Parish Council offered us a free space to offer weekly drop-in sessions.

We continue to strengthen our relationship and partnership with other local churches, organisations and

Charity number 1185851

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Bright Hope Annual report and financial statements

Year ended 31 March 2024

schools to serve our community in other ways too.

We carry on running the lunchtime club for year 7 students with the youth organisation Soulscape at Oakbank School. In October our youth participated in the fundraiser event in aid of refugees through the charity One Love. In November/December the church had the regular winter coat appeal for Pupil Premium Students at Grazeley Primary School.

2023 – 2024 has certainly been a year of development and solidification.

Financial review

The Charity incurred a deficit of £4,146 (2023: surplus of £16,748) in the year resulting in total funds at the year-end of £64,365 (2023: £68,511). All funds held at year end were unrestricted in use and the Trustees are happy this level of reserves meets the reserves policy below.

Reserves policy

The charity has set a reserves target of three months running costs which currently equates to around £11,500, which the current reserves exceed at £64,365. This has been due to a deliberate plan to establish higher reserves before having taken one of the pastors onto payroll from May 2023 as well as commencing a number of other projects as outlined in the report above.

Structure, governance & management

Bright Hope is a charitable incorporated organisation and registered as a charity on 17 October 2019. The Charity was established under a constitution that sets out the objects and powers of the charity.

Recruitment and appointment of Trustees

The constitution requires a minimum of three trustees.

Trustees are subject to re-election on a rolling three year basis at the Annual General Meeting, with a maximum of three consecutive terms. Only the current Trustees can appoint new Trustees.

Statement of Board of Trustees’ responsibilities

The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website.

Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review in pages 4 to 7 of this document as well as the legal and administrative details on page 3, meet the requirements of the trustees’ Annual Report under charity law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

This report was approved and authorised for issue by the Board of Trustees on 29 January 2025 and signed on its behalf by:

Oliver Daniel (Jan 29, 2025 15:48 GMT)

OLIVER LAMPING

CHAIR

Charity number 1185851

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Bright Hope Annual report and financial statements

Year ended 31 March 2024

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Bright Hope (charity number 1185851) for the year ended 31 March 2024 which are set out on pages 10 to 19.

Respective responsibilities of trustees and examiner

The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

ANDREW PHILIP NASH FCA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833

DATED: 29 JANUARY 2025

Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1185851

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Bright Hope

Year ended 31 March 2024

Annual report and financial statements

Statement of financial activities

For the year ended 31 March 2024

Statement of fnancial activities
For the year ended 31 March 2024
Notes
Income from:
Donations
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
9 & 10
Total funds carried forward
9 & 10		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2023
£
£
£
£
40,370
-
40,370
29,857
40,370
-
40,370
29,857
44,516
-
44,516
13,109
44,516
-
44,516
13,109
(4,146)
-
(4,146)
16,748
68,511
-
68,511
51,763
64,365
-
64,365
68,511

The notes on pages 12 to 19 form part of the financial statements.

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

Balance sheet

As at 31 March 2024

Notes
Fixed assets
Tangible fxed assets
6
Current assets
Debtors and prepayments
7
Cash at bank and in hand
Total current assets
Creditors:
Amounts falling due within
one year
8
Net current assets
Net assets
Funds of the charity:
Unrestricted funds
9 & 10
Total funds		 £
197
63,769		 Total
funds
31 Mar 2024
£
2,202



62,163		 £

352
67,014		 Total
funds
31 Mar 2023
£
1,913



66,598
63,966
(1,803)		 67,366
(768)



64,365 68,511
64,365 68,511
64,365 68,511

The notes on pages 12 to 19 form part of the financial statements.

These financial statements were approved and authorised for issue by the Board of Trustees on 29 January 2025 and signed on their behalf by:

Oliver Daniel (Jan 29, 2025 15:48 GMT)

OLIVER LAMPING CHAIR

Charity number 1185851

11

Bright Hope Annual report and financial statements

Year ended 31 March 2024

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The effect of any event relating to the year ended 31 March 2024, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2024 and the results for the year ended on that date.

Using the exemption available to smaller charities, the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global economic uncertainty has had no material impact on this assessment.

Legal status

Bright Hope is a charitable incorporated organisation registered in England & Wales and meets the definition of a public benefit entity as defined by FRS 102. The registered office is 71 Fullbrook Avenue, Spencers Wood, Reading, RG7 1FE.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 9 of the financial statements.

Income

Income is recognised when the charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

1. Accounting policies (continued from previous page)

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities, those costs of an indirect nature necessary to support them and an allocation of governance costs.

Support costs are allocated between governance costs and other support costs. Governance costs comprise those costs involving the public accountability of the charity and its compliance with regulations and good practice. Other support costs relate to the administrative costs of running the charity and are allocated to charitable activities accordingly.

Irrecoverable VAT is charged against the category of expenditure for which it is incurred.

Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, and are depreciated on the following basis:

Computer equipment 3 years

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Charity number 1185851

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Bright Hope Annual report and financial statements

Year ended 31 March 2024

1. Accounting policies (continued from previous page)

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

2. Comparative statement of fnancial activities

3. Income from donations
Notes
Income from:
Donations
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
9 & 10
Total funds carried forward
9 & 10
Donations
Donations		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
29,847
10
29,857
29,847
10
29,857
13,074
35
13,109
13,074
35
13,109
16,773
(25)
16,748
51,738
25
51,763
68,511
-
68,511
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
40,370
-
40,370
40,370
-
40,370
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
29,847
10
29,857
29,847
10
29,857

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

  1. Expenditure on charitable activities
Event costs
Sunday services
Youth
Project work
Giving
Equipment
Training
Rent
Staffng
Administration
Depreciation
Governance
Event costs
Sunday services
Youth
Project work
Giving
Equipment
Training
Rent
Administration
Depreciation
Governance		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
3,065
-
3,065
1,581
-
1,581
1,244
-
1,244
126
-
126
477
-
477
508
-
508
1,147
-
1,147
5,805
-
5,805
23,361
-
23,361
4,736
-
4,736
891
-
891
1,575
-
1,575
44,516
-
44,516
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
2,221
-
2,221
894
-
894
850
-
850
2,500
-
2,500
577
35
612
814
-
814
614
-
614
1,013
-
1,013
2,043
-
2,043
7
-
7
1,541
-
1,541
13,074
35
13,109

Charity number 1185851

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Bright Hope Annual report and financial statements

Year ended 31 March 2024

4. Expenditure on charitable activities (continued from previous page)

Governance costs consists of:

Staff costs
Independent examination
Insurance
Gross salaries
Employers pension		 Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
792
768
783
773
1,575
1,541
Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
22,876
-
485
-
23,361
-
  1. Staff costs

The average headcount during the period was 1 persons (2023: Nil persons).

No employee received employee benefits above £60,000 (2023: Nil).

The total employee benefits paid to key management personnel during the year was £23,361 (2023: £Nil).

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

6. Tangible fxed assets

7. Debtors and prepayments
8. Creditors-amounts falling due within one year
Cost
As at 1 April 2023
Additions in year
As at 31 March 2024
Accumulated depreciation
As at 1 April 2023
Charge in year
As at 31 March 2024
Net book value
As at 1 April 2023
As at 31 March 2024
Prepayments
Other debtors
Accruals
Pension payable		 Computers
Total
£
£
1,920
1,920
1,180
1,180
3,100
3,100
7
7
891
891
898
898
1,913
1,913
2,202
2,202
Total
Total
funds
funds
31 Mar 2024
31 Mar 2023
£
£
197
194
-
158
197
352
Total
Total
funds
funds
31 Mar 2024
31 Mar 2023
£
£
1,694
768
109
-
1,803
768

Charity number 1185851

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Bright Hope

Year ended 31 March 2024

Annual report and financial statements

9. Analysis of charity funds

Unrestricted
Total funds
Restricted funds
Small donations
Total restricted funds
Unrestricted
Total funds		 Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
£
£
68,511
40,370
(44,516)
-
64,365
68,511
40,370
(44,516)
-
64,365
Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
£
£
25
10
(35)
-
-
25
10
(35)
-
-
51,738
29,847
(13,074)
-
68,511
51,763
29,857
(13,109)
-
68,511

Small donations

These are small donations to support various financial causes that the church provides funds to an ad-hoc basis.

Charity number 1185851

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Year ended 31 March 2024

Bright Hope Annual report and financial statements

10. Analysis of net assets

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities		 Unrestricted
Restricted
Total
funds
funds
funds
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
2,202
-
2,202
63,966
-
63,966
(1,803)
-
(1,803)
64,365
-
64,365
Unrestricted
Restricted
Total
funds
funds
funds
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
1,913
-
1,913
67,366
-
67,366
(768)
-
(768)
68,511
-
68,511

11. Trustee remuneration

During the year, no trustee received any remuneration (2023: £Nil). No members of the Board of Trustees received reimbursement of expenses for their role as a trustee (2023: £Nil).

12. Related party transactions

During the current financial year, the spouse of one of the trustees (Oliver Lamping) received remuneration as pastor totalling £23,361 (2023: Nil). The relevant trustee was exempt from discusssions related to this remuneration.

Charity number 1185851

19