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2023-12-31-accounts

Registered number 1198793

Great Hope Baptist Church LONDON Report and Accounts 31-Dec-23

GREAT HOPE BAPTIST CHURCH Report and accounts Contents

Page
Charity information 1
Trustees` Report 2
Independent Accountants' report 4
Statement of Financial Activities 5
Balance sheet 6
Notes to the accounts 7

GREAT HOPE BAPTIST CHURCH Church Information

Trustees

REV DR OSCAR NYAMEKYE -CHAIRMAN PASTOR MARTHA WADE (MRS) - MEMBER JACQUELLINE AMOAH (MRS) - MEMBER

Accountants

SAM DEE & CO 126 FAIRHOLME CRESCENT HAYES MIDDLESEX UB4 8QY

Bankers

METRO BANK 50 HIGH STREET UXBRIDGE ENGLAND UB8 1JP

Registered office

126 FAIRHOLME CRESCENT HAYES MIDDLESSEX UB4 8QY

Registered number 1198793

1

GREAT HOPE BAPTIST CHURCH CHARITY REGISTRATION :- TRUSTEES` REPORT

The Trustees present their report and accounts for the year ended 31 December 2023 for the Charity, Great Hope Baptist Church.

The Trustees of the charity are:

REV DR OSCAR NYAMEKYE -CHAIRMAN PASTOR MARTHA WADE (MRS) - MEMBER JACQUELINE AMOAH (MRS) - MEMBER

The principal address of the charity is: - 126 FAIRHOLME CRESCENT HAYES MIDDLESSEX UB4 8QY

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity governing document is a Constitution which was adopted on the 3rd April 2022. The charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the orgnisation are to advance the Christian Faith (in accordance with the Statement of Beliefs) for the benefit of the public through the holding of prayers. Lectures, public celebration and religious festivals, and by producing and distributing literature and recorded material to entlighten others about the Christian faith. The Trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities should undertake.

ACHIEVEMENTS AND PERFORMANCE

The Organisation held successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The Church

was formally inaugurated in May 2023. The main inauguration church service was held on the 28 May 2023. It was an awesome service.attended by local and overseas dignitaries. The whole month of May 2023 was dedicated to various activites organised towards the inauguration.

FINANCIAL REVIEW

The income of the charity was £51,853. The total outgoing resources were £49,859 leaving a surplus of £1,994.

The Trustees are encouraging members to continue contributing and to support the work of the Charity as much as they are able.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides

2

GREAT HOPE BAPTIST CHURCH CHARITY REGISTRATION :- TRUSTEES` REPORT

sufficient funds to cover any emergency expenditures that may arise from time to time.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEES RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the Church. They are required to:

  1. Select suitable accounting polities and apply them consistently.

  2. Make judgments and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed

  4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011. They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees and signed on their behalf by:

REV DR OSCAR NYAMEKYE

Chairman

PASTOR MARTHA WADE (MRS)

3

GREAT HOPE BAPTIST CHURCH

Independent Examiner`s Report

We report to the trustees on our examination of the accounts of the above charityGreat Hope Baptist Church for the year ended 31 December 2023.

We report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner`s Statement

We are qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants (ACCA).

We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination which gives us cause to believe that in, any material respect:

• the accounts did 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.

We 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.

FRANCIS ARTHUR FCCA MSC MBA CA(GH) 15/03/2024 SAM DEE & CO CHARTERED CERTIFIED ACCOUNTANTS HAYES MIDDLESEX UB4 8QY

4

GREAT HOPE BAPTIST CHURCH Statement of Financial Activities for the year ended 31 December 2023

**UNRESTRICT. ** **RESTRICTED ** TOTAL TOTAL
**FUND ** FUND FUND FUND
Notes 2023 2023 2023 2022
£ £
Incoming Resources
Total Incoming resources 46580 5273 51,853 41,648
Costs of direct activities of the Charity -40568 -6810 (47,378) (40,248)
6,012 (1,537) 4,475 1,400
Support costs -1981 0 (1,981) (1,704)
Governance costs -500 0 (500) (500)
Operating surplus 3,531 (1,537) 1,994 (804)
Net Resources for the year 3,531 (1,537) 1,994 (804)
Total Funds brought forward 10,324 - 10,324 11,128
Total Funds carried forward 13,855 (1,537) 12,318 10,324

5

GREAT HOPE BAPTIST CHURCH Balance Sheet

as at 31 December 2023

Notes
Fixed assets
Tangible assets
3
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
4
Net current assets
Net assets
Accumulated Funds
Unrestricted Revenue Funds
6
Restricted Revenue Funds
Shareholders' funds		 2023
£
4,538
8,780
(500)
8,280
12,818
13,855
(1,537)
12,318		 2022
£
4,296
6,528
(500)
-
10,324
10,324
-
10,324

The Board of Trustees acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under Trustees` Responsibilities in the Report of the Trustees.

REV DR OSCAR NYAMEKYE Chairman Approved by the board on 15 March 2024

PASTOR MARTHA WADE (MRS) Member Trustee

6

GREAT HOPE BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). And the Charities Act 2011

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% net book value Motor vehicles 20% net book value

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2
Operating surplus
This is stated after charging:
Depreciation of owned fixed assets		 2023
£
1994
1,135		 2022
£
-804
1,074

3 Tangible fixed assets

7

GREAT HOPE BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2023

Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
4
Creditors: amounts falling due within one year
Accruals
5
Accumulated Fund
Revenue Unrestricted Funds c/fwd
Revenue Unrestricted Funds c/fwd
6
Surplus/Deficit
Accum Fund B/fwd
At 1 January 2023
Surplus/(Deficit) for the year
At 31 December 2023		 2023
£
1,000
2023
£
13,855
(1,537)
2023
£
10,324
1,994		 Plant and
machinery
etc
£
5,370
1,377
6,747
1,074
1,135
2,209
4,538
4,296
2022
£
500
2022
£
10,324
-
2022
£
11,128
(804)
**12,318 ** 10,324

6 Endowment Fund

The Charity operated no Endowment Fund during the year.

8

GREAT HOPE BAPTIST CHURCH Detailed Statement of Financial Activities for the year ended 31 December 2023

TOTAL FUND TOTAL FUND TOTAL FUND
2023 2022
£ £
Incoming Resources: Donations, offerings and grants 51,853 41,648
Cost of activities in furtherance of the Charity`s objective (47,378) (40,248)
4,475 1,400
Administrative and support expenses (1,981) (1,704)
Governance costs (500) (500)
1,994 (804)
Net Surplus 1,994 (804)

9

GREAT HOPE BAPTIST CHURCH Statement of Financial Activities

for the year ended 31 December 2023

A. INCOMING RESOURCES
Offerings and donations
Offerings
Tithes
Thanksgiving
Pledge
Summer trip
Church inauguration
Other income
Investment income
Total Incoming Resources
B. RESOURCES EXPENDED		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2023
2023
2023
2022
£
£
13,999
-
13,999
11,824
26,670
-
26,670
23,659
3,081
-
3,081
2,245
1,135
-
1,135
2,835
1,175
1,175
4,098
4,098
1,695
-
1695
1085
46,580
5,273
51,853
41,648
-
-
-
-
-
-
-
-
46,580
5,273
51,853
41,648
B. RESOURCES EXPENDED
COST OF GENERATING VOLUNTARY INCOME
Activities underken directly
Ministers remuneration<br>Ministers pension
Employer`s NI
Summer Outing
Church rent and rates
Church inauguration
Church activities
Church annual party
Guest preacher
Donations
Subscriptions
Welfare
Protocol
Support Costs
Printing, postage and stationery
Depreciation		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2023
2023
2023
2022
£
£
23,000
-
23,000
23,000
690
-
690
690
1,919
-
1,919
2,044
-
2,360
2,360
995
9,663
-
9,663
8,268
-
4,450
4,450
2,675
681
681
-
-
-
-
400
1,000
-
1,000
200
2,130
2,130
306
-
306
173
1,179
-
1,179
1,409
-
-
-
394
40,568
6,810
47,378
40,248
846
-
846
630
1,135
-
1,135
1,074
1,981
-
1,981
1,704

10

GREAT HOPE BAPTIST CHURCH Statement of Financial Activities

for the year ended 31 December 2023

GREAT HOPE BAPTIST CHURCH
Statement of Financial Activities
for the year ended 31 December 2023
Total costs of generating voluntary income Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2023
2023
2023
2022
£
£
42,549
6,810
49,359
41,952
COST OF GOVERNANCE
Independent Accountant fee
Total Expenditure		 500
-
500
500
500
-
500
500
43,049
6,810
49,859
42,452

11