Registered number 1198793
Great Hope Baptist Church LONDON Report and Accounts
31-Dec-24
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 -CHAIR PERSON 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
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GREAT HOPE BAPTIST CHURCH CHARITY REGISTRATION :- TRUSTEES` REPORT
The Trustees present their report and accounts for the year ended 31 December 2024 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
celebrated its wonderful annual Anniversary in May 2024.
It was an awesome service.attended by local and overseas dignitaries.
The whole month of May 2024 was dedicated to various activites organised towards the anniversary.
FINANCIAL REVIEW
The income of the charity was £54,646. The total outgoing resources were £53,887 leaving a surplus of £759.
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
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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:
-
Select suitable accounting polities and apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed
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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)
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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 2024.
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 accounting records were not kept in accordance with section 130 of the
-
Charities Act; or
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the accounts did not accord with the accounting records; or
• 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) 12/02/2025 SAM DEE & CO CHARTERED CERTIFIED ACCOUNTANTS HAYES MIDDLESEX UB4 8QY
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GREAT HOPE BAPTIST CHURCH Statement of Financial Activities for the year ended 31 December 2024
| **UNRESTRICT. RESTRICTED ** | **UNRESTRICT. RESTRICTED ** | TOTAL | TOTAL | |
|---|---|---|---|---|
| FUND FUND | FUND | FUND | ||
| Notes | 2024 | 2024 | 2024 | 2023 |
| £ | £ | |||
| Incoming Resources | ||||
| Total Incoming resources | 54646 | 0 | 54,646 | 51,853 |
| Costs of direct activities of the Charity | -50771 | 0 | (50,771) | (47,378) |
| 3,875 | - | 3,875 | 4,475 | |
| Support costs | -2616 | 0 | (2,616) | (1,981) |
| Governance costs | -500 | 0 | (500) | (500) |
| Operating surplus | 759 | - | 759 | 1,994 |
| Net Resources for the year | 759 | - | 759 | 1,994 |
| Total Funds brought forward | 12,318 | - | 12,318 | 10,324 |
| Total Funds carried forward | 13,077 | - | 13,077 | 12,318 |
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GREAT HOPE BAPTIST CHURCH Balance Sheet
as at 31 December 2024
| 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 |
2024 £ 4,397 10,171 (1,491) 8,680 13,077 13,077 - 13,077 |
2023 £ 4,538 8,780 (1,000) - |
|---|---|---|
| 12,318 | ||
| 12,318 - |
||
| 12,318 |
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 12 February 2024
PASTOR MARTHA WADE (MRS) Member Trustee
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GREAT HOPE BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2024
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 |
2024 £ 759 1,099 |
2023 £ 1994 1,135 |
|---|---|---|
3 Tangible fixed assets
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GREAT HOPE BAPTIST CHURCH Notes to the Accounts for the year ended 31 December 2024
| Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 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 2024 Surplus/(Deficit) for the year At 31 December 2024 |
2024 £ 1,491 2024 £ 13,077 - 2024 £ 12,318 759 **13,077 ** |
Plant and machinery etc £ 6,747 958 7,705 2,209 1,099 3,308 4,397 4,538 2023 £ 1,000 |
|---|---|---|
| 2023 £ 12,318 |
||
| - 2023 £ 10,324 1,994 |
||
| 12,318 |
6 Endowment Fund
The Charity operated no Endowment Fund during the year.
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GREAT HOPE BAPTIST CHURCH Detailed Statement of Financial Activities for the year ended 31 December 2024
| TOTAL FUND | TOTAL FUND | TOTAL FUND |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Incoming Resources: Donations, offerings and grants | 54,646 | 51,853 |
| Cost of activities in furtherance of the Charity`s objective | (50,771) | (47,378) |
| 3,875 | 4,475 | |
| Administrative and support expenses | (2,616) | (1,981) |
| Governance costs | (500) | (500) |
| 759 | 1,994 | |
| Net Surplus | 759 | 1,994 |
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GREAT HOPE BAPTIST CHURCH Statement of Financial Activities
for the year ended 31 December 2024
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|TOTAL FUND|TOTAL FUND|
|2024|2024|2024|2023|
|£|£|
|A. INCOMING RESOURCES|
|Offerings and donations|
|-|
|Offerings|14,392|14,392|13,999|
|Tithes|29,789|-|29,789|26,670|
|-|
|Thanksgiving|2,570|2,570|3,081|
|-|-|-|
|Pledge|1,135|
|-|-|
|Summer trip|1,175|
|-|-|
|Church inauguration|4,098|
|Other income|7,895|-|7895|1695|
|54,646|-|54,646|51,853|
|Investment income|-|-|-|-|
|-|-|-|-|
|Total Incoming Resources|54,646|-|54,646|51,853|
----- End of picture text -----
B. RESOURCES EXPENDED
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|TOTAL FUND|TOTAL FUND|
|COST OF GENERATING VOLUNTARY INCOME|2024|2024|2024|2023|
|£|£|
|Activities underken directly|
|Ministers remuneration|23,000|-|23,000|23,000|
|Ministers pension|690|-|690|690|
|-|
|Employer`s NI|1,919|1,919|1,919|
|-|-|-|
|Summer Outing|2,360|
|Church rent and rates|9,994|-|9,994|9,663|
|-|
|Church inauguration|1,453|1,453|4,450|
|Church activities|-|-|681|
|-|-|
|Conference, retreats and conventions|4,750|4,750|
|Church annual party|611|-|611|-|
|Guest preacher|550|-|550|1,000|
|Women Fellowship|487|487|-|
|Music ministry|180|180|-|
|Donations|3,200|3,200|2,130|
|Subscriptions|347|-|347|306|
|Welfare|2,677|-|2,677|1,179|
|Protocol|913|-|913|-|
|50,771|-|50,771|47,378|
----- End of picture text -----
Support Costs
Printing, postage and stationery 1,517 - 1,517 846
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GREAT HOPE BAPTIST CHURCH Statement of Financial Activities for the year ended 31 December 2024
| GREAT HOPE BAPTIST CHURCH Statement of Financial Activities for the year ended 31 December 2024 |
|
|---|---|
| Depreciation Total costs of generating voluntary income |
Unrestricted Restricted TOTAL FUND TOTAL FUND 2024 2024 2024 2023 £ £ 1,099 - 1,099 1,135 |
| 2,616 - 2,616 1,981 |
|
| 53,387 - 53,387 49,359 |
| COST OF GOVERNANCE Independent Accountant fee Total Expenditure |
500 - 500 500 |
|---|---|
| 500 - 500 500 |
|
| 53,887 - 53,887 49,859 |
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