HOPE CITY CHURCH Financial Statements for the Year ended 31 December 2024 Charlty Number 1191850
Hope City Churth INDEX for the year ended 31 Detember 2024 Page I Charlty Inform*tion PAge2to4 TruBtee8 Report Pvdge 5 Independent Eunthier'l Report Page 6 Statement of Flngnelal Aetfvltle4 Page 7 BAIAnee Sheet Pages 8 -10 iyotes to a¢counts
Hope City Church cHARy ThFORMAThON TrngteeJlDlre¢torg Michael N¢cds Susan Brookes GrAlwn Phillips Belinda Maddox Keri Grant Darren Banks Charlty Number 1191850 Reglxtered Offiee 16 Woodcote Road Wolverhampton West Midland5 WV6 8LP Ind¢pendent Examlntr Colin Dalton FCA 794 Hi8h Stre¢L, Kingswinford West Midlands. DY6 8BQ Bankers Unity Tnt Bank Willenhall WVI 9DG
Hope City Church Trustees, Report for the year ended 31 December 2024 GoverniDg Doeument The organisation 1$ a charitable incorporated trst registsred in autunm 2020. Trn*teeJ The trustees as named on pa8e I have seryed throughout the period, except thos¢ who have be¢n appointed or ceased to act as trustces during the current year. as indicated. New Trustees are ¢hosen by invitation in order that the Trust may have representation from a wide range of experience from within the IM)dy of the fellowship. We match our skill requirem¢nts with knowled8e and experience and where there are gaps w¢ off¢r appropriat¢ training. Truite¢ Inductlon and TrAinlDg There are no specific policies and procedures for inductionltraining of trustees. How¢ver, they are inducted according to individual requirements. A copy of th¢ Trust Deed is supplied. along with the Trust policies and procedures and rA)pies of recent ly)ard meeting minutes and accounts. tndividual Trustees roleslresFM)nsibilities are negotiated with all the trustees so that their roles complement each other. ObJ¢ctlvvJ and Aetivltl l. The advancement of the Christian faith in accordance with the statement of faith prirnarily> but not exclusively within Wolverhampton and the surrounding area 2 Such oth¢r Charitable purp)scs which put inio prdetice the Christian faith including the pventiOn and relief of nee(L hardship and sickness. The advancement of education and community aetivities. All in a manner coAsi3tent with the doctrinal distinctives and ethi¢al statem¢Dts adopt by the church Throughout the year the trustees have PAid due regard to the Charities conllni3sion'$ guidance on Public Benefit and. in wtieular. the specific guidance pK)vided to charities for the advancement of religion. Achlevements aDd Perforni•n¢e Since its openin8 in autumn of 2020 the church has met weekly and continues to in numbers. A leadership t¢am has been s£t up to de with the spirAtual runni[ aod direction of the ministy. The ¢hurth mttts ¢v¢ry Sunday morning at the University of Wolverhampton Science Park. Midweek fellowship meetiD8S have been establishe The church Iw been able to fill a full- time minister. A group from the church undertake evangelism in Wolverbampto Several courses have been held for new and inquirlng christians e.g. Alpha
Hope City Church Trustees, Report for the year end¢d 31 December 2024 The children's and youth woTk h&$ develo1 during the year with a Youth Alpha Course being held Th¢ thur¢h is a fi1 member of AMIE The Angyliean Mission in Ingland. Which 1% an anglican dio¢cse affiliated to the Anglican Network in Europe that seeks to establish Anglican church¢3 in England outside the Church of F4land. Futun Plan8 The further establishment of the church community is the ongoing aitn and to equip the members to fidfil their God given destinies. Further develop the children and youth ministne& To fith the m¢mbership and links with AMIE and local churches Fin*n¢lAI R¢vl¢w The fidl Tesults of the Trust for the year 8r¢ set out in the atlach¢d finan¢iaL stst¢ments. Th¢ income for the y¢ar was £55.492 (2023 £50.678) with eXndituTe of £48,556 (2023 £42,903) Re8ervu Pollcy A reseryes policy was set at three months fixed costs currently around £8,000. Rljk Polley The management team condu¢ts an ongoin8 review of major risks as t of its regular monitoring al reporting. Internal risks ate minimised by the implementation of procedures in regard to Good Practice Child Protcction Polici¢s, Fire Safety and Health Bnd safety inspections where the Tru3t's activities operate. Financial risks ar¢ minimised by the implementation of procedur¢s for the authorisation of all tranwtions by the team and reviews on a regular basis.
Hope City Church Trustees, Report for the year ended 31 December 2024 Tru8tefs' Responjlbfilities Ch8rity Law requires th¢ tnte¢S to prepar¢ financial stat¢ments for cach fuw)cial year which give a true and fair view of the state of affairs of the Trust 8nd of its financial a¢tivAtics for that year together with its assets and liabilities at the end of the ye4r, adequately di&inguishing any material, spccial trust or other restricted fund of th¢ TnL8L In pr¢wing those financial statements, the directors att required to.. Select suitable accountin8 lIcI¢S and then apply them rA>nsistendyg b) Make judgements and cstiniate5 that are rewDable and prudenL Stote whether the policies adopted are in accordantt with the appropriat¢ SORP on accounting by Clwiti¢s and the Accounting Regulations and with applicable accounting standards subject lo any material derteS disclosed and plaIned in the financial statements; and d) Prepare the financial ststements on the 8oin8 ncern b&sis unl¢ss it is inappropriate to um¢ that the Trust will Continue in its activities. The trustees are responsible for keeping proper a¢unting rerdS which disclose with rcasonable a¢cura¢y at any time the financial FK)sition of th¢ Trustand to enable them to ensure that the financial statements comply with the Swements of Recommended Practice 2019 and the regulations made under section of the Charities Act 2011. They are also Testx)nsible for safeguarding the assets of the TnL8t and hence for tsking reasonable steps for the prevention and detion of fraud and irregularities. The trustees hav¢ the ]x)wer to invest in such &8sets as they see fiL This report was approved by th¢ on Trustee........... NAME ofTRUSTEE...SsJSRr4.....m.(4r. ol<cJ
Hope City Church IDdepel¢ll1 Exgmlnen Report For the y¢ar Ended 31 De¢¢mb¢r 2024 I report on the accounts for the year ended 31 De¢emb¢r 21Y24 set out on the followin8 pag¢s Rt4pective r¢Jp)nslbllltlfa of trustre# and eumlner The tft$ ( who are also dire¢tors of the company for the purposes of company law) are responsibl¢ for the preparation of the accounts. Th¢ trustses consider that an audit ffis not r¢quired for this year under s¢¢tion 144(2) of the Charities Act 2011 and that an indewident MInation is needed. Having tISfied my6¢1f that th¢ cknty is tt $ubjea to audit under rAmipatty law and is eligible for independent examitiatioo it is my reswi]Ilty to: (l) Examine th¢ accounts under section 145 of the 2011 Acr. (2) To follow th¢ procedures laid do in the 8¢nernl directions gIn by the Charity Commission under section 145(5) (b) of th¢ 2011 ACL and (3) To state whether porticular Dutt¢rs have ¢4)me to my attention. Bath of Independ•nt examinen r¢port My examination was Carried out in accordance with the 8enffai Directions 8iv¢n by th* Charity Commission. An ¢xaminAtion in¢ludes a rnview ofthe aGcounting rccords kept by the charity and a comparison of the accounts present with thos¢ records. It also includes ¢onsideration of any unusual item$ or disclosures in the accounts and seeking ¢xpl&nations from you a8 trustees concerning any such matters. The procedur¢s undertaken do not pmide all the cvidcnce that would be required in an audit and consequently no opinion is given as to th¢ther th¢ a¢counts pre8ent a kn¢ and fair vi¢W and the report is limited to thos¢ mattern set out in th¢ statsment hlow. Indepeudent ExamlneT'I St4tement I have completed my examination . I confwm that no man¢rs have rA)me to my att¢ntion in ¢onnection with th¢ examination 8ivin8 me ¢ause to Ixlicve that in any materiAJ resw . (i) accounting record5 w¢r¢ not kept in resp¢¢t of th¢ Company requittd by s¢¢tion 386 of the 2006 A¢t or (3) the accounts do not comply with th¢ accountin8 requirements of section 396 of the 2006 Act other than any requir¢ment that the accounts give a kn and fair vi¢w' which is not a matter considered as part of an independent examination 'or (4) th¢ acwunts hv¢ not been prepred in a¢¢oJd4n¢¢ with thc m¢thods and principles of thc Stat¢m¢nt of Recommended Prn¢tice for acwunting and rewrtin8 by charities appli¢abl¢ to charities preparing their tOlts in accordJnce with the Fina1&1 Reportin8 Standard plicabl¢ in the UK and Rcpublic of Ireland ( FRS102). I h4v¢ no concerns and have ¢omv across no other matters in connection with the examination to which attention should be drawm in this rewt in order to enable a proper understsndin8 of the aceounts to be reached. Nam¢ and qualifie4tion Address Colin Dalton FCA 794 High SM, Kingswinford W¢st Midlands, DY6 8BQ Date .
Hope City Chureh Statement ofThn•D¢ial A¢tlvitieJ ( In¢lud¢8 ofkntome and ¢xpendltllre) for the year ended 31 December 2024 2023 Income In¢ome from ehritable 4¢1iYltl¢• Income 55.492 50,678 Total Inwme 55.492 50.678 Exp¢ndltsre ChArltbk Athd Churoh Running Costs 48.556 42903 TolAI ExpètsdltMr• 48556 42,903 Net In¢ome 6,936 7.775 Fund8 brou8ht forward 23,142 15J67 Total fundB eqrrfed forward 30,078 23,142 Thern were no recognised gains or losses for 2024 or 2023 oth¢r than those Includ in th¢ Ststem¢nt of Financiat ArAiviti¢s
Hope City Church Bthnce Sheet •t 31 Deember 2024 Nots 2024 21n3 Current Asgets Debtors Bank & Cuh 3,876 27.605 31,481 1,815 22.297 24.112 Tot•l euTrtJt •uets Crediton . amounts f8llln8 due within one year 1.403 970 Current 30,078 23.142 Total eurrent Ilabllltlu 30.078 23,142 N¢t A•8•ts 30.078 23.142 Tbe fund• of the eb4rlty UDreitrl¢ted Fund•: Gen¢ral Fundg 30,078 30.078 Tolal 23.142 Th• direcrS have taken advants8e of tho ComFleS A¢t 2Iy)6 in not VIng accounts auditcd under Sectton 477 (1). No members have required the compony to obtsln on Ij1t of its unts for the year in question in aceord4nce with Section 476 The Directors acknowledge their re4K)nslbilities for engtring tht the ¢omF4ny kws accowiting rewrds which comply with s386 and 5387 of the Companles Act 20C6 and for preparin8 aLxounts whi¢h give a ttue and fair view of the state of affairs of the company L8 at 31 D#ember 2024 and of its profit for the ytar then ended in accorda with the requirem¢nts of $396 and which Comply with the r4uiremertts of the Act r¢latin8 to tk accounts so far as applicable to th¢ company, The a¢¢ounts have been prepared in acMrd8nc¢ with the provlsions in Part IS of the Comwios Aci 26 appIlble to panles $ubject to the small rnrAnies reWm¢. SI and amved on the ixhalfof the Board .... . Name:... 6rt ooKC
Hope City Church Notes to the A¢eounts for the year to 31 December 2024 l. Ae¢ountiD8 Pollei Buil of preparadon Th¢ charity is a Charitable Incorp)rated Organisation (CIO) and Constithtes a public b¢n¢fit entity as defmcd by FRS102. Th¢ fman¢iaJ st8tements have been pr¢parod in a¢eordance with A¢countin8 and R¢porting by Chariti¢s.' Statement of Recommend Prnctice (SORP) applicable to charit1¢5 preparin8 their accounts in accordance with the Finantial Reportin8 Standard applic8ble in the UK and Republic of Ireland (FRS102) srtond edition published October 2019, the Chariti¢s A¢t 2011 and thc UK Generally Accepted Practirx The financial statements have been prepared on a goin8 concern basig under the historical cost convention modified to include certain items at fair value. Fund• unr¢•thl¢t funds are in¢om¢ funds which are to bc spent on the church's 8enernl purpose. Rtjtrlcted fund4 are donations or grants Te¢eived for a Specific objeet or tnvited by the ¢hurch for a specific object. The funds may only bp exp¢nded on th¢ 8p¢¢ific objLYt for vknich th¢y w¢re given. Any b41anc¢ remainlng unspcnt at th¢ end of coch year must be cwried forward as a balance on that fund. Intome Planned 8ivin& ¢oll¢¢tions and donations recognised when received. Tax refunds are gniSed wh¢n the incomin8 resourc¢ to which they relate is rec¢ived. Grants and Ixgaci¢s a aUnted for when the church is legally entitled to the amounts du¢. All oth¢r inc4)me is reco8nised when 1¢ is recoivable. All incomin8 r¢sour¢e8 Ar¢ aewunted for 8r088. Resourcu expellded Expenditure is generally r*o8nised when it is in¢urTed knd is ac¢ounted for gr. Volunte¢r help The value of any voluntsry help rec¢ived is not in¢lutsJ in the8¢ xwunts but may be des¢rib¢d in the trustees annual report .
Hope City Church Notes to the aecounts for th¢ year to 31 D¢¢emb¢r 2024 2. (a) Volutttary Income 2024 2023 Tithes and off¢rin8S Gift Aid Tax Refund 45.760 9,732 55,492 41.974 8,704 50,678 3. Costs of Charltable Acdvlti 2024 Mtnisty ¢osts Rent of premises Comput¢r and Communication c08ts Safe8uardin8 Youth And Chidr¢ns work Music licence Ministy8ifts Insuran¢e OtTic¢ Expenses Travel costs Small F4uipment Training Consumabl¢g Outreach Resource eosts Gifts Subscriptions Governance Bank Char8¢S 30,859 8.424 586 28.705 6.996 331 206 561 215 288 1,335 313 330 1.165 1,494 815 712 769 259 197 981 250 72 48.556 1238 715 235 1,394 283 179 90 250 42,903
Hope City Chllrch Notes to the aecounts eont'd ror the year to 31 DKember 2024 4. Nt movement In funds for the year The net movement in funds for the year is stated after etharginw. 2024 2023 Independent Examination 250 250 7. Staff Costs Remun¢ration was paid only paid to Grnham Phillips- s¢nior led¢r 2024 2023 Salary Costs Pension Costs Casual SaIarie$ 25.150 679 5,030 30.859 28,705 28.705 5. Tru•tee donAdoM• expenw and related p•rty dlthuYe• Other than Graham Phillips none of the trustees were pftid any remunerntion or received any oth¢r benofits as 4 trugtm or from an employment in th¢ charity (2023 - Nono). No expenses were rnimbursed to trustees durin8 th¢ (2023 - None). I)onation$ from tNstee8 during th¢ yur tolailcd £8,785 There were no other related party transactions durin8 the year (2023 - None) requirin8 disclosure. 6. Debtor• 2024 2023 Gift Aid due Sundry debtor 2593 1283 3,876 1,815 1.815 7.CredltorB . amounts falling due in one year 2024 2023 A¢¢nlS 1,403 1,403 970 970 10