Paul's prayer for the Colossians develops the concepts of faith in the truth of the Gospel, love for one another as believers and the hope that is laid up for us in heaven. We bear good fruit and increase in the knowledge of God realizing that we are qualified, delivered, redeemed and forgiven. This is who we are in Christ Jesus. This is why we are always thankful to God the Father. And it is more evidence for our hope in Him!